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Thread: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

  1. #101
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Ikari View Post
    The actual recession started before that. That's just when the financial institutions (the entity government is concerned with) started feeling it. Our production capabilities have slowly been dwindling for quite some time now.
    Absolutely. As a businessman I could tell things were not right long before we were officially in a recession. And that was long before Obama became president.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    so we haven't had any population growth, inflation, and economic growth the last two years? Why did NBER report the end of the recession without economic growth?
    Ever heard of sarcasm?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Councilman View Post
    So How's that $787 billion stimulus package working out for you so far?

    Still believe Obama that unemployment won't go above 8%.



    We have seen that billions have have gone to places we were initially never told about like NBC and GE get 24.9 million in Stimulus money.

    Does anyone wonder why, NBC, GE gets this cash?

    If you do your possibly suffering from lack of mental acuity and or never heard of the Olbermann. Matthews, Schultz, Obama propaganda machine on MSNBC.

    Why is the fake conservative right obsessed with the "But Obama promised" strawman?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Taylor View Post
    Right... and during the Great Depression unemployment hit about 25% before it started to go down -- 37% if you want to talk about non-farm payroll. And I think the average for the whole decade is still over 18%.

    So yes, it would take over two years to get to the levels seen during the Great Depression.

    But the details aren't important, I was merely putting the claim into perspective. In the 30's, the unemployment rate shot up over 21%. We've gone less than 5%.
    You cannot spin your way out of a mistake.

    Thankfully we have social safety nets and government intervention (to prevent epic bank failures) during major downturns!
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #105
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    The glass is 90.2% full.

  6. #106
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by EnigmaO01 View Post
    Would you be saying the same if Bush was president right now? Somehow I doubt it.
    If Bush were in office now we would be out of this recession. He wouldn't have flushed 1 trillion dollars down the drain but if he did generate these kind of results, you bet I would be saying the same thing. Conservatives believe in free enterprise, capitalism, and pro private sector growth. Had Obama taken the money he spent on Democrat constituent groups and put that into tax cuts we wouldn't be in this mess today.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    If Bush were in office now we would be out of this recession.
    Ignorance is bliss
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #108
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Goldenboy219 View Post
    Ignorance is bliss
    You ought to know

  9. #109
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Eighty Deuce View Post
    2) We keep hearing how Obama inherited job losses of 700K per month, and that the job losses that kept happening for at least a year after he became Presbo were not his fault. But the pay increases that more than doubled the number of employees making over $150K since Obama took office, at a time when the rest of America was hemmorhaging jobs and income, are all Obama. While the country was in this massive tail-spin in the private sector, Obama was handing out candy to government employees.
    Oh, I agree with you that pay for civil service employees is rather absord these days, but considering that we heard corporate CEOs telling us that they needed their big multi-million dollar bonuses in the wake of TARP in order to "recruit and/or retain the smartest accountants around", I think I can deal with government employees under federal contract receiving pay that's comporable to their private sector counterparts. When you stop long enough to think about it, most federal employees outside of Congress haven't been around the government long enough to be considered "career civil servants". Contrary to what most people think, there are fewer real careerist within the federal employee ranks than people might think. But do you know why that is? The answer is very simple...

    Conservatives have been screaming "BIG GOVERNMENT" for so long and that goverment is inefficient that federal agencies started reducing their ranks from within and have contracted from the private sector. But in order to "recruit" the best and the brightest, the pay had to be increased to compete w/the private sector.

    So, don't complain about "big government" and "big government pay" if you're going to continue complaining about the inefficiency of government and that the private sector can do it better. For if you do it often enough and loud enough, your government will hear you and start doing the one thing it can do in order to meet your demands - contract out the workload!

    You can't have it both ways!!!
    Last edited by Objective Voice; 12-03-10 at 05:33 PM.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    If Bush were in office now we would be out of this recession. He wouldn't have flushed 1 trillion dollars down the drain but if he did generate these kind of results, you bet I would be saying the same thing. Conservatives believe in free enterprise, capitalism, and pro private sector growth. Had Obama taken the money he spent on Democrat constituent groups and put that into tax cuts we wouldn't be in this mess today.
    kandahar said it best (post #87). The Bush tax cuts are still in place and were in place when the recession hit. You can't make the claim that things are terrible under Obama when the **** hit than fan under GW Bush using the exact tax strategy that's in place right now! Clearly, the Bush tax cuts didn't prevent the recession. To leave them intact, IMO, is rather foolhearty. Moreover, to believe that tax cuts alone will get us out of this recession and, therefore, reduce unemployment is a pipe dream. But good luck with that.

    (Note: Only one thing I disagree with in his post; Clinton did reduce government spending.)
    Last edited by Objective Voice; 12-03-10 at 05:31 PM.

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