Page 72 of 163 FirstFirst ... 2262707172737482122 ... LastLast
Results 711 to 720 of 1628

Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

  1. #711
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post
    If Obama wasn't up to the task in regards to fixing the Economy then maybe he shouldn't have run, since he has absolutely NO EXPERIENCE. He has never even run a cash register at 7/11. You're acting like he only needs more time, more failed policies like his stimulus, ect. Meanwhile the Economy is stagnating under his "leadership"

    Democrats are far more responsible for the recession than Bush anyways. Your entire premise is a strawman.
    Prove the Democrats are more responsible for the recession than Bush.

  2. #712
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Who could have fixed Bush's mess any faster?
    It wasn't "Bush's mess". It was a financial collapse that happened for a number of reasons. It's childish and emotional to objectify it as "Bush's mess".

    Democrats were the ones who blocked any GSE reform. Bush shares some blame, even though he warned of the potential problems 11 times, but it was Democrats who blocked GSE reform and said there was not a problem with Fannie Mae and Freddie Mac when there was. They actually attacked the regulator who was investigating the GSEs as racist against Franklin Raines.

    You're all over the place in this thread. Somehow Bush had all this power to destroy the Economy but Obama has no power to fix it, even though Obama got everything he wanted initially which was supposed to be the cure. His stimulus was supposed to fix it remember? For some reason people like you never want to talk about the projections and promises Obama's own economic team made if we passed his stimulus. You're still blaming a guy that hasn't been President in more than 4 years. It's a useless distraction and waste of everyone's time.

  3. #713
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    These are discouraged workers and under employed workers having nothing to do with retiree so you are wrong again.
    Who knows what you think I'm wrong about now? I said your figure includes retired people, people on disability, and people who died. None of whom even want to work.

    And it does and they don't.

    The numbers you're citing ... discouraged workers, constitute only 69,000 gone from the labor force since Obama became president.

    And your bizarre notion that underemployed are not counted in the laborforce defies all logic. Those are folks who are working.


    Quote Originally Posted by Conservative View Post
    Your problem is you cannot put lipstick on a pig and make it something other than a pig.
    Let's leave Sarah Palin out of this, k?

    Quote Originally Posted by Conservative View Post
    "Your" President is a disaster and if he were in the private sector he would have been fired long ago
    Nah, he would have been given a raise in the private sector -- the private sector is humming.

  4. #714
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    Prove the Democrats are more responsible for the recession than Bush.
    We have the same debate every month when the Economic numbers come out, they suck, and then the sheep start bleeting 'Bush". I've talked about this many times in multiple threads. The root cause of the Financial Crisis was the CRA. There is no disputing this.

    Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

    Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

    Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming.
    Democrats blocked GSE reform in committee, questioned the regulator's motives as racist, and stated clearly they believed there were NO PROBLEMS with the GSEs

    https://www.youtube.com/watch?v=90X74V-hS7U

    James Johnson, a powerful Democrat insider and initially on Obama's committee to pick a VP, ran Fannie Mae for years and turned it into the most massive lobbyist organization Washington has ever seen.

  5. #715
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post
    It wasn't "Bush's mess". It was a financial collapse that happened for a number of reasons. It's childish and emotional to objectify it as "Bush's mess".

    Democrats were the ones who blocked any GSE reform. Bush shares some blame, even though he warned of the potential problems 11 times, but it was Democrats who blocked GSE reform and said there was not a problem with Fannie Mae and Freddie Mac when there was. They actually attacked the regulator who was investigating the GSEs as racist against Franklin Raines.

    You're all over the place in this thread. Somehow Bush had all this power to destroy the Economy but Obama has no power to fix it, even though Obama got everything he wanted initially which was supposed to be the cure. His stimulus was supposed to fix it remember? For some reason people like you never want to talk about the projections and promises Obama's own economic team made if we passed his stimulus. You're still blaming a guy that hasn't been President in more than 4 years. It's a useless distraction and waste of everyone's time.
    The Democrats lost the House in Jan 1995 and didn't get it back until Jan 2007, so how did the Democrats block anything? Oh there is this:

    Last edited by pbrauer; 04-11-13 at 01:30 AM.

  6. #716
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    That wasn't the question, what economic plan did Bush have in place that caused the recession that began in March 2001? The question is what did Obama implement that made things better and what economic prediction did Obama make that has been true? This is the worst recovery on record and the economic results are a disaster but the rhetoric flowery. You buy the rhetoric and ignore the substance. Doubt that will carry you very far in the private sector.
    I already answered your question. Pointing out that no recession since the Great Depression came even close to Bush's Great Recession losing 4.7% of GDP was in response to your nonsensical claim that calling Bush's Great Depression the worst economy since the Great Depression, a "lie."

  7. #717
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post
    It wasn't "Bush's mess". It was a financial collapse that happened for a number of reasons. It's childish and emotional to objectify it as "Bush's mess".
    Then why did Bush take credit for it?

    "Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech

    He took the credit for the boom -- he gets the blame for the bust.

    Quote Originally Posted by Bronson View Post
    Democrats were the ones who blocked any GSE reform.
    Bullxit. And the reason I know it's bullxit? Is because you can't cite a single bill regarding GSE reform that Democrats blocked.

    Not one.

    On the flip side, as soon as Democrats took over in 2007, Barney Frank pushed a bill through the House. And though it died in the Senate, it was later picked up in another bill which Bush signed into law. Meanwhile, in all the years Republicans were in charge, they couldn't even get a bill to Bush for him to sign; and it had nothing to do with Democrats, who were in the minority party.


    Quote Originally Posted by Bronson View Post
    You're all over the place in this thread. Somehow Bush had all this power to destroy the Economy but Obama has no power to fix it, even though Obama got everything he wanted initially which was supposed to be the cure. His stimulus was supposed to fix it remember? For some reason people like you never want to talk about the projections and promises Obama's own economic team made if we passed his stimulus. You're still blaming a guy that hasn't been President in more than 4 years. It's a useless distraction and waste of everyone's time.
    The stimulous was never intended to be a cure. It was intended to be a patch through 2010 until the private sector picked up the slack. It worked as designed.

  8. #718
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 03:18 AM
    Gender
    Lean
    Conservative
    Posts
    16,816

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    It worked as designed.
    It was designed to not impact unemployment as advertised?
    It was designed to line the pockets of green energy projects that were not profitable on their own?
    It was designed to suck?

  9. #719
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post

    We have the same debate every month when the Economic numbers come out, they suck, and then the sheep start bleeting 'Bush". I've talked about this many times in multiple threads. The root cause of the Financial Crisis was the CRA. There is no disputing this.

    Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
    Did it contribute to it? Yes. A trivial 6%. CRA had little to do with the collapse.

    "Putting together these facts provides a striking result: Only 6 percent of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas, the local geographies that are the primary focus for CRA evaluation purposes. This result undermines the assertion by critics of the potential for a substantial role for the CRA in the subprime crisis. In other words, the very small share of all higher-priced loan originations that can reasonably be attributed to the CRA makes it hard to imagine how this law could have contributed in any meaningful way to the current subprime crisis." ~ member of Bush's economic team

    FRB: Speech--Kroszner, The Community Reinvestment Act and the Recent Mortgage Crisis--December 3, 2008

    Quote Originally Posted by Bronson View Post

    Democrats blocked GSE reform in committee, questioned the regulator's motives as racist, and stated clearly they believed there were NO PROBLEMS with the GSEs

    https://www.youtube.com/watch?v=90X74V-hS7U

    James Johnson, a powerful Democrat insider and initially on Obama's committee to pick a VP, ran Fannie Mae for years and turned it into the most massive lobbyist organization Washington has ever seen.
    Again, that's bullxit. The video you linked was of Democrats who were against GSE reform, but they did not block any legislation.

    They didn't need to block any legislation becuase Republicans never even put it to a full vote in the Senate.

  10. #720
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by OpportunityCost View Post
    It was designed to not impact unemployment as advertised?
    It was designed to line the pockets of green energy projects that were not profitable on their own?
    It was designed to suck?
    It was advertised as a two-year patch to get is out of the recession and keep the economy going until the private sector could get back on it's feet. By the end of 2010, the stimulus was complete.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •