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Thread: May’s Jobs Report Disappoints Across the Board

  1. #21
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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by Navy Pride View Post
    You are right and yes I did smile big time...............
    How American of you................... Not.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by Wiseone View Post
    Lets not blow this out of proportion, its the jobs report from a single month. And lets not overstate the role of the President in the economy, the current unemployment rate is a result of the recession that started in 2008 which is obviously not the fault of Obama. And its not the fault of Bush either if you think I was about to go that route, it was set off by an over-reliance on credit(both by banks, individuals and states) based on far overoptimistic visions of the future. Just like a person who lands a good job may think "Now I can borrow more money to live better now, based on money i'll have in the future" so did governments think "Our economies are growing well, now we can burrow money to spend more today based on where we predict our economy will be in the future" or a bank may say "People and government are spending a lot more, therefore we loan money to companies seeking to start up or expand because we know from individual/gov't consumption and where we predict it will be in the future, that the investment will pay off."

    Unfortunately everyone was wrong, the economy was built on credit based on the "faith" that the economy will reach a certain rise by the time those loans come due. Thats what happened to Greece for example, they took loans assuming their economy would be a certain size, and therefore they would be bringing in X amount of revenue, by the time the loans were due unfortunately their economy didn't grow as expected and they've defaulted if it weren't for the bailouts. They may still default.

    This recession is a global phenomenon, and has its roots in many more things than US Presidential policy, and its still being experienced the global economy is still correcting itself for the mistakes that millions of people made that contributed to the problem. Sure some contributed more than others, that company that defaults on its multi-million dollar loan to the bank affects the banks health more than an individual defaulting on a 1000 dollar loan, but all contribute. No single person caused this and no single person is going to solve it.

    Also don't forget the massive boom in commodity prices in the late 2000s, when crude oil is 30 bucks a barrel in 2005 and you have a 5 year construction plan you may leave yourself some wiggle room in your project in case gas gets more expensive. May if it goes to 40, 50, 60, 70, 80 bucks? Surely preparing for 100 is excessive especially when everyone is building(this is pre-subprime crisis) and we can't hedge our bets so much we gotta use every dime to build more, risk be damned. How about if crude oil shoots to almost 150 bucks in 2008, just three years later. How many companies and projects were crunched by that massive unexpected cost of business increase?
    Just read this and it sums it all up much better than I ever could. Mark Steyn: U.S., Europe on different paths to same place | years, whether, germans - Opinion - The Orange County Register

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by Grant View Post
    It's also an attempt to educate the public to vote for someone of character and experience rather than fashion or ideology
    And it's too bad that the Republican Party has nobody who fits that description.
    Also, we need to legalize recreational drugs and prostitution.

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    Re: May’s Jobs Report Disappoints Across the Board

    at least in this thread, the hacks are honest about rooting for the economy to fail.

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by samsmart View Post
    And it's too bad that the Republican Party has nobody who fits that description.

    Perhaps they should have a close look at the two candidates, as well as their selections for VP, and ask themselves who has has the most experience making high level decisions in leadership positions, enjoyed success in the business world as well as politics, called in to settle emergencies when large problems occur, and led an honorable drug free life.

    If Barrack Obama is defeated can you ever imagine him being invited to serve on any nigh level board anywhere? Perhaps he will continue writing autobiographies but I see no future for him outside politics in the practical world.

    Maybe he can find work as a non tenured substitute teacher in Wisconsin.

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by Helix View Post
    at least in this thread, the hacks are honest about rooting for the economy to fail.
    Well they didn't vote it to fail.

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by Grant View Post
    Perhaps they should have a close look at the two candidates, as well as their selections for VP, and ask themselves who has has the most experience making high level decisions in leadership positions, enjoyed success in the business world as well as politics, called in to settle emergencies when large problems occur, and led an honorable drug free life.

    If Barrack Obama is defeated can you ever imagine him being invited to serve on any nigh level board anywhere? Perhaps he will continue writing autobiographies but I see no future for him outside politics in the practical world.

    Maybe he can find work as a non tenured substitute teacher in Wisconsin.
    I'd rather vote for the candidate who considers the well-being of the people of America as a whole rather than whatever will help the profit margins of a corporation's shareholders.

    And in that regard the Republican Party is sorely lacking.
    Also, we need to legalize recreational drugs and prostitution.

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by samsmart View Post
    And it's too bad that the Republican Party has nobody who fits that description.
    You mean as opposed to the cult of personality that we got now?!!!

    This has been the product of our bumper sticker style elections. We get photo ops and tag lines and end up having to vote for the evil of two lessors.
    Last edited by mtlhdtodd; 06-02-12 at 01:18 PM.

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by samsmart View Post
    I'd rather vote for the candidate who considers the well-being of the people of America as a whole rather than whatever will help the profit margins of a corporation's shareholders.

    And in that regard the Republican Party is sorely lacking.
    If the American people want the government to look after them then they should emigrate to Greece and study the consequences.

    Do you really buy into the idea that Barrack Obama can look after your well being? How do you suppose he can do that? Have you thought this through? How, given the debt and demographics, he can bring this off?

    This is just another politician telling you he will "redistribute the wealth", and well he might, but only a pittance will ever get to you. The bulk,, as we have seen, will be to his political cronies,

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    Re: May’s Jobs Report Disappoints Across the Board

    Quote Originally Posted by danarhea View Post
    How American of you................... Not.
    Thanks, and maybe we can just get someone in there that can fix it...........Your hero Hussein Obama sure can't.........
    "God Bless Our Troops in Harms Way."

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