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Thread: Jobs recovery suffers setback in March

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by dontworrybehappy View Post
    Uh, Bush inherited a failing economy too, but unlike Obumnut, he actually turned it around, holding unemployment below 5% for a good long while
    Short memory dude. Bush inherited the bubble crash and 9/11 to which he responded with massive spending and tax cuts which lead to a year of jobless recovery. Remember it was the 2001 recovery that was largely deemed the first "jobless recovery." Furthermore, remember it's many of the reckless debt financed spending that kept unemployment below 5% for a long time not to mention massive kenysian defense spending policies which blew the US military budget to record heights. Bush proved that corporate defense trickle down works.

    A number Odumber hasn't come close to touching. Bush failed at many things, including spending being under control, making a war effort that actually succeeded, but as far as jobs, he managed to do good with that.
    Until you account for the job losses at the end.
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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Navy Pride View Post
    Hussein Obama
    Who?

    12345
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Navy Pride View Post
    Hussein Obama told us when he was running in 2007 that he would cut the deficit in half by the ned of his term or he would not run for a second......well the deficit had doubled since he was elected so keep your lying word and not run.......
    Who is this Hussein Obama guy you keep crying about?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by xpiher View Post
    The funny thing is People like you think it would be different under a republocrat president. Regardless of who was in office, the recovery eras going to be anemic because it was caused by a debt cycle collapse.
    Indeed. Those who think that McCain would have let GM go under, watch GDP go off a cliff and cut unemployment benefits are pretty much off their rockers. Furthermore, we all know that if Obama had done exactly as his detractors wanted, not bailout anyone, watch GDP go off the cliff, let states cut services to nothing and no more unemployment benefits, they'd be calling for impeachment. And let's not forget that McCain's mortgage plan was quite literally Communist.

    But I do have to state that Xpiher, that there are a large number of people here, such as J-mac who have literally no idea whatsoever in any way shape or form what a liquidity crisis is. They have no knowledge at all of how long it takes countries to claw back the losses suffered. I've asked these people repetitively to explain why they think that tools used to fight a simply demand recession will work against a full blown financial liquidity recession: Every single person I asked fled the thread never to return.
    To analogize, we have people here who have no concept of the atom yet think they can discuss nuclear power intelligently.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by TheDemSocialist View Post
    Bush inherited a failed economy from Clinton.... Hmmm.... Interesting analysis. I wonder houw you figured that one...
    Contact your buddy obvious child, even he admits Bush inherited the dot-com bubble:

    Quote Originally Posted by obvious Child View Post
    Bush inherited the bubble crash
    http://en.wikipedia.org/wiki/Dot-com_bubble

    The collapse of the bubble took place during 2000-2001. By 2001 the bubble was deflating at full speed. A majority of the dot-coms ceased trading after burning through their venture capital, many having never made a ″net″ profit. Investors often referred to these failed dot-coms as "dot-bombs.
    Bush took office Jan 20, 2001. Kinda looks like he was handed a crashing economy. So there is your answer to how I came up with it. I actually DID RESEARCH.

    I know you don't want to admit Clinton handed Bush a crashed (crashing) economy that he turned around with record job numbers, but he did, all the while fighting 2 wars, one pretty good, one he could have definitely done better with.

    But all in all, except at the very end when he lost control of congress and couldn't get anything done, he did pretty damn good with the crap he was handed.

    Edit:

    To obviouschild:
    You say "he inherited the .com bust and 9/11" like he was handed a piece of cheese and he turned it into mold. Those were HUGE things that he managed to get through. I surely hope we aren't attacked again like we were on 9-11 because our idiot-n-thief wouldn't know what the hell to do, and he'd be calling Biden and telling Biden its a big ****ing deal.
    Last edited by dontworrybehappy; 04-08-12 at 01:16 AM.

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by dontworrybehappy View Post
    Contact your buddy obvious child, even he admits Bush inherited the dot-com bubble:
    I wouldn't call it "failed," recession definitely, but not failed. Interestingly enough, the crash of the dot coms lead to the crash in housing.

    And I have no problem saying that Bush inherited the dot com crash economy. That's a basic fact of the time line. In fact, one thing I hold against Bush that makes my job unpleasant is how he went about responding to the recession. I ****ING HATE bonus depreciation. Or more appropriately, I hate the constant tweaking with it and uneven state conformity/non conformity.
    Last edited by obvious Child; 04-08-12 at 01:06 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by obvious Child View Post
    I wouldn't call it "failed," recession definitely, but not failed. Interestingly enough, the crash of the dot coms lead to the crash in housing.

    And I have no problem saying that Bush inherited the dot com crash economy. That's a basic fact of the time line. In fact, one thing I hold against Bush that makes my job unpleasant is how he went about responding to the recession. I ****ING HATE bonus depreciation. Or more appropriately, I hate the constant tweaking with it and uneven state conformity/non conformity.
    My entire reply was directed at demsocialist with your quote only being in there because I was pointing him to someone else who said Clinton handed Bush a ****ed up economy. It should be pretty obvious who I was addressing when I said "there is your answer to how I came up with it." As it wasn't you who asked me, it was him. I even quoted him asking me.

    I went back and edited it for clarity. Sorry about that. It's late and I'm tired and I got 100 things going through my head right now LOL
    Last edited by dontworrybehappy; 04-08-12 at 01:17 AM.

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by dontworrybehappy View Post
    My entire reply was directed at demsocialist with your quote only being in there because I was pointing him to someone else who said Clinton handed Bush a ****ed up economy. It should be pretty obvious who I was addressing when I said "there is your answer to how I came up with it." As it wasn't you who asked me, it was him. I even quoted him asking me.

    I went back and edited it for clarity. Sorry about that. It's late and I'm tired and I got 100 things going through my head right now LOL
    Bush inherited a MUCH smaller recession. The unemployment rate was 4.2% when he took office and it stayed within .2% of that number for six months. Of course Bush also inherited a budget surplus and no wars.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Jobs recovery suffers setback in March

    Forgot to include in my response to j-mac that consumer spending is also rising.

    Americans' Spending Up Sharply in March
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by dontworrybehappy View Post
    Contact your buddy obvious child,
    We are only the bestest of friends...

    even he admits Bush inherited the dot-com bubble:



    Dot-com bubble - Wikipedia, the free encyclopedia



    Bush took office Jan 20, 2001. Kinda looks like he was handed a crashing economy. So there is your answer to how I came up with it. I actually DID RESEARCH.
    Dot Com bubble is no where near what happened during financial collapse of 2008. Total failure of banks and the housing bubble is no where near the dot com bubble. The total failure of the banks and housing bubble was WAY more catastrophic than the dot com bubble.

    I know you don't want to admit Clinton handed Bush a crashed (crashing) economy that he turned around with record job numbers, but he did, all the while fighting 2 wars, one pretty good, one he could have definitely done better with.
    "Crashing"? "Crashing" are you ****ing kidding me?

    But all in all, except at the very end when he lost control of congress and couldn't get anything done, he did pretty damn good with the crap he was handed.
    What? A surplus?
    As state earlier which i was going to say: "..was 4.2% when he took office and it stayed within .2% of that number for six months. Of course Bush also inherited a budget surplus and no wars."
    Yea Bush did a "real great job" he really kept that economy around... See late 2007
    Bush also has one of the worst job records on record only creating 3 million jobs throughout his whole eight years...



    Wait and what are these awesome policies Bush brought to save this "horrible economy he was handed by Clinton"?


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