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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

  1. #741
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    So, please point out in that article what is inaccurate. oh, and without your strawmen, and usual Alenski tactics if you don't mind. Thanks.

    J-mac

    This was sent to sheik
    Sent from my PC36100 using Tapatalk
    What?? You were serious about relying on a WorldNut Daily article??

    Ok, fine, I counter it with a Daily Kos nut article ...



    Gramm-Leach-Bliley

    Summary of Provisions

    -- Repeals the restrictions on banks affiliating with securities firms contained in sections 20 and 32 of the Glass-Steagall Act.


    [...]
    Provisions of the Glass-Steagall Act

    were directed at these abuses:

    (1) Banks were investing their own assets in securities with consequent risk to commercial and savings deposits. The concern of Congress to block this evil is clearly stated in the report of the Senate Banking and Currency Committee on an immediate forerunner of the Glass-Steagall Act.

    (2) Unsound loans were made in order to shore up the price of securities or the financial position of companies in which a bank had invested its own assets.

    (3) A commercial bank's financial interest in the ownership, price, or distribution of securities inevitably tempted bank officials to press their banking customers into investing in securities which the bank itself was under pressure to sell because of its own pecuniary stake in the transaction.

    Daily Kos: A not-so-brief History of Banking's Mismanagment of Risk


    ... prove the Gramm-Leach-Bliley act wasn't a Conservative policy aimed at deregulation ...
    Last edited by Sheik Yerbuti; 12-11-11 at 02:41 AM.

  2. #742
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by DaveFagan View Post

    According to shadowstats the real unemployment rate is 23%. The GWSoupForBrains Great Depression has been his greatest legacy.
    According to shadowstats, the real unemployment rate was close to 20% when Obama took over. According to them, the unemployment rate under Bush went from about 11% to almost 20%. You see, it's all relative.

    Conservative: "Yay, Bush! Four more years!! Four more years!!"


  3. #743
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Thunder View Post

    how exactly did Obama help create the mortgage crisis?
    Good luck getting a lucid answer to that one.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Good luck getting a lucid answer to that one.
    Uhmm you see he was a Democrat and you see if the world didn't have damn liberals it would be perfect. Damn liberals!

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  6. #746
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Right, I actually took a civics class, you ought to try it. What does my vote have to do with the thread topic?
    You're missing the irony......a GWB voter telling others that they shouldn't be allowed to vote......that would be called a "pot".
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    There is a reason Obama has such low approval ratings, maybe you should find out what they know that you don't
    Why? YOu obviously didn't learn. Isn't it funny...actually hilarious that the ones crying about Obama the loudest....are allmost universally the same ones that think that GWB was an economic genius and the he was simply "misunderstood"?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by EarlzP View Post
    My President was elected by the people of the United States of America. You may be able to brainwash some I won't be one of them so keep trying to sell your rhetoric any one with an ounce of sense will understand that it takes time to slow down and turn around an economy that was on the verge of collapse especially when it has to done working against 279 republicans elected to represent the people that have taken a pledge to support the republican lobbyist Grover Norquist
    You can say the same thing over and over again but that doesn't make it true. The Obama results speak for themselves as does the lies about Norquest. "Your" President has been a disaster and is incompetent.

    Democrats stuck on tax rates: Democrats are stuck on tax rates while GOP seeks reform - OrlandoSentinel.com

    24 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 15.6% http://data.bls.gov/cgi-bin/surveymost?ln : U.S. Bureau of Labor Statistics

    14.4 million unemployed PLUS Discouraged workers http://data.bls.gov/cgi-bin/surveymost?ln : U.S. Bureau of Labor Statistics

    2.2 million fewer jobs(bls.gov) http://data.bls.gov/cgi-bin/surveymost? ln : U.S. Bureau of Labor Statistics

    4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

    1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

    11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

    Down grade of U.S. Credit rating(S&P)

    Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

    38-44% JAR and well over 50-55% disapproval ratings(Gallup)
    Gallup Daily: Obama Job Approval

    US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
    Report: Poverty hits record level - MJ Lee - POLITICO.com

    “Fast and Furious”, “Wide Receiver”

    Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises &#39;Conflict Of Interest&#39; Concerns | Fox News

    Solyndra solar power company shuts down 15 months after Obama visit
    Solyndra solar power company shuts down 15 months after Obama visit

    The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
    The project will produce a 110 megawatt power system and employ 45 permanent workers.
    That's costing us just $16 million per job.

    One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
    The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
    But there is nothing wrong here, is there?

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News
    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    Stimulus failure

    Review & Outlook:Why the Stimulus Failed - WSJ.com

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Thunder View Post
    how exactly did Obama help create the mortgage crisis?
    He was part of the Congress that helped create that crisis, a crisis that he has had three years to correct yet the results speak for themselves. There are over 24 million unemployed/underemployed Americans that cannot buy a home so how is he correcting the problem, promoting class warfare?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    He was part of the Congress that helped create that crisis,....
    what actions did Obama take, what votes did he make, that helped contribute to this crisis?

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