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Thread: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by dontworrybehappy View Post
    Hell the recession started before bush took office was blamed on him!! I have never seen so much liberal hypocricy as I have on the forum.
    Um, the recession started under Bush actually, and feel free to show where I have blamed it on Bush(hint: you have to do that to show hypocrisy).
    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

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Um no the economic downturn started under Clinton. Guess they left that out of the CNN nightly news. Ever hear of the dot com bubble? Guess not.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Redress View Post
    You should know better than challenge me on supplying sources. I am always happy to back any claim I make that is not simply my opinion.

    Let's start with this: Paul Krugman: This recession is Reagan’s legacy



    As far as spending as to whether spending is a solution to getting out of a recession, experts are divided, which is why I referred to it as "one method". Does government spending help mitigate a recession?
    Good liberal source

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Redress View Post
    You should know better than challenge me on supplying sources. I am always happy to back any claim I make that is not simply my opinion.

    Let's start with this: Paul Krugman: This recession is Reagan’s legacy



    As far as spending as to whether spending is a solution to getting out of a recession, experts are divided, which is why I referred to it as "one method". Does government spending help mitigate a recession?
    I figgered you would post something credible. Looks like I way overestimated you.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by dontworrybehappy View Post
    Um no the economic downturn started under Clinton. Guess they left that out of the CNN nightly news. Ever hear of the dot com bubble? Guess not.
    I guess they left facts when it was reported to you

    The recession officially started in the March 2001, when Bush was in power

    Look it up, and get a clue


    Which is not to say the condition that caused the recession started under Bush (they did not). The Dot com bubble bursting was a major reason for the reason and yes it did occur during Clinton's term

    As for now, the reason for the current recession were started under Bush, the reason why unemployment is at 10.8% is due to things that happened during the Bush term in office

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by apdst View Post
    I figgered you would post something credible. Looks like I way overestimated you.
    I figured you would dismiss the sources without ever actually showing a reason. I was not disappointed. If you can't actually argue against the sources without a real reason, why don't you admit you have nothing but mindless whining?
    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

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Redress View Post
    I figured you would dismiss the sources without ever actually showing a reason. I was not disappointed. If you can't actually argue against the sources without a real reason, why don't you admit you have nothing but mindless whining?
    How do you expect to be taken seriously when you post info from a well known Liberal economist who writes opeds for the NYT, bashing Bush all the way? That would be the same as using Rush, or Beck as primary source material...

    Git real, girl!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Lord Tammerlain View Post
    I guess they left facts when it was reported to you

    The recession officially started in the March 2001, when Bush was in power

    Look it up, and get a clue


    Which is not to say the condition that caused the recession started under Bush (they did not). The Dot com bubble bursting was a major reason for the reason and yes it did occur during Clinton's term

    As for now, the reason for the current recession were started under Bush, the reason why unemployment is at 10.8% is due to things that happened during the Bush term in office
    So the recession that started while still under a Clinton budget is bush's fault?


    Cesar Conda on John Kerry, Bill Clinton, George W. Bush & Recession on NRO Financial


    According the National Bureau of Economic Research (NBER), the unofficial arbiter of business cycles, the recession began in March 2001 and ended in November 2001. NBER analyzes four data series from the U.S. Department of Commerce, the Federal Reserve Board, and other government sources. While previously NBER indicated the recession started in March 2001 (it has not formally revised that date), official revisions of the data indicate that the recession started earlier than that.

    For example, under revised calculations, real disposable income peaked in October 2000, rather than steadily rising in 2000 and early 2001 as indicated in the original data. Industrial production/manufacturing and trade sales both peaked in June of 2000, instead of September and August, respectively. Non-farm payroll employment peaked in February 2001, not March 2001. And monthly gross domestic product, which the NBER recently announced will be included in dating recessions, also peaked in 2000.

    According to the Council of Economic Advisers, the median date of these five data series is October 2000 at least three months before George W. Bush took office. We also know that the stock market started to decline in March of 2000, business investment began to fall in the third quarter of 2000, and initial jobless claims began to rise at the end of 2000 more evidence that the U.S. economy in late 2000 was in fact "on the front end of a recession," as Vice President-elect Dick Cheney observed on Meet the Press on December 3, 2000.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by ptif219 View Post
    So the recession that started while still under a Clinton budget is bush's fault
    Point out where I assigned any blame to anyone in my post?

    Just because a recession started at a particular time, does not mean the person in power is to blame

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    The recession started under Clinton? Repub crowed that Bush ended the recession and that the economy was strong and vibrant........But erase 8 yrs of history if you want. Bush still gets a free pass from Repubs...amazing.

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