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

  1. #131
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April

    Quote Originally Posted by Whovian View Post
    Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com




    And the Obama economic recovery rolls along...
    Actually, it is much worse than that. U-6, which is a more accurate depiction of the unemployment picture, is almost 17% now. You can thank Republicans for changing the forumula, and I am sure that Obama is thanking them like hell, now that he gets to use the misleading numbers.
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April

    It doesn't make economic sense to create jobs in America. Bad business climate.

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

    Quote Originally Posted by Paschendale View Post
    I wasn't aware that we were not still in a recession. The high unemployment would suggest that we are. Also, no one actually expected things to change overnight, not even the most staunch supporters of Obama. Hope and change are pretty good. If anything, we want more hope and more change. The main criticism by Obama's supporters is that he's not doing enough, not that the things he's doing are wrong.

    So yes, hope and change are infinitely preferable to repression and fear.
    How about FIXING IT! He has HAD almost 2 YEARS to fix it, the problem is that he doesn't know HOW. NONE of his policies have WORKED out.
    Your man is and always has been a COMMUNITY ORGANIZER and that's something that you have to get into you head.
    Last edited by Red Crow; 12-03-10 at 07:50 PM.
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  4. #134
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Eighty Deuce View Post
    What ? Are you nuts ? You say the "average Joe" was not hurting worse then because we are selling less homes now ? Do you have a clue what a 12-16% mortgage costs ? How about 15% inflation ? And your wife lost her job ? Look, I'm not saying now is a piece of cake, but you frankly made zero point with all your charts and crap that would ease the suffering of "the average Joe" back in 81-82. I think you are grossly uninformed about it.

    As for current home sales being low, we built too many friggin homes !! We don't have enough people with adequate incomes to live in them, as we are no longer giving out mortgages like candy !!

    As for bankruptcies and weakenss, you don't improve things by throwing good money after bad by sustaining a company that needs to reorganize ! You would never invest money in a company like that. Why should the government take your money and do it ? They did it to save the bloated unions and their bloated pensions. Is this what they are going to do to California and its state pensions ? Give them hundreds of billions or your money ? For their bloated pensions ?

    You have also not presented any success with Obama's plan. Obama said unemployment would stay below 8%. They told us all about The Recovery Summer. When does his failure finally catch up with you ? 2013 when there has still been no recovery should that POS be reelected ?

    If we pass the extensions to keep the taxes where they are, and Obama gets serious about spending reductions, then we'll be much better by next summer. But I don't think he can. He is too much of an ideologue, and Pelosi and Reid are still the lieutenants. And he's no Clinton.
    Recovery summer was supposed to see job growth of 500,000 per month and of course was a complete failure which just goes to show that most in the Obama Administration don't have a clue how the private sector works. Obama believes that he is still campaigning and can talk his way out of every negative issue when the reality is the results matter and not his continued rhetoric which are nothing but lies.

    I just don't get it, with many rhetoric trumps results. I lived and worked during both periods of time like others here. How anyone can compare coming out of a recession with almost zero inflation and record low interest rates generating these numbers with going into a recession with 17+% interest rates and double digit inflation with those results and calling this recession worse is beyond comprehension.

  5. #135
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Taylor View Post
    Ouch is right!

    I'm sure Goldenboy would agree that back then, those were 1930's levels of unemployment.
    Are you trying to live in the past??? This is the present.... 80 years later. Get a grip in the present will you?? Wake up!!
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    Quote Originally Posted by Conservative View Post
    How is that hope and change working out for you? Why does anyone buy the rhetoric from this Administration?

    The recession ended in June 2009 and yet today we have higher unemployment each month of 2010 than we had in 2009, the last year of the recession? Are the remaining Obama supporters ever going to admit they have been duped by the rhetoric of this empty suit?

    Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com
    After seeing what Obama has done so far, I have become disenchanted, but this is not a problem that was made by Obama alone, the entire fiscal crisis, it started out in the mid or late 1970s
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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

    Quote Originally Posted by Mr. Invisible View Post
    After seeing what Obama has done so far, I have become disenchanted, but this is not a problem that was made by Obama alone, the entire fiscal crisis, it started out in the mid or late 1970s
    There is indeed plenty of blame to go around but Obama spent 2 years campaigning for the job telling us all that he had the solutions. Obviously he should have remained a community organizer because he doesn't have a clue how to grow the economy and jobs. What I was pointing out was the differences Reagan, Bush, and Obama handled the recessions and the results give the answers as to the policies that work and don't work. Obama's policies and those of the leftwing, big govt, book smart street stupid liberals don't.

    I, quite frankly, am sick of the class warfare, envy group and complaints about how much someone else makes or pays in taxes. The question should be asked of those that aren't in that upper income groups why aren't they there. Too many expect things handed to them when the reality is you have to work for it. I am not rich but I don't care how much someone else makes and will defend their right to make as much as they possible can because I know I have the same opportunity.
    Last edited by Conservative; 12-03-10 at 08:20 PM.

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

    Quote Originally Posted by Conservative View Post
    There is indeed plenty of blame to go around but Obama spent 2 years campaigning for the job telling us all that he had the solutions. Obviously he should have remained a community organizer because he doesn't have a clue how to grow the economy and jobs. What I was pointing out was the differences Reagan, Bush, and Obama handled the recessions and the results give the answers as to the policies that work and don't work. Obama's policies and those of the leftwing, big govt, book smart street stupid liberals don't.

    Well a lot of presidents do not know squat about the economy so they have economic advisors that help them make decisions. Also, like I said before, it began in the mid to late 1970s, thus I blame everyone from Reagan to Obama for the current mess.
    Last edited by Mr. Invisible; 12-03-10 at 08:21 PM.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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

    Quote Originally Posted by Mr. Invisible View Post
    After seeing what Obama has done so far, I have become disenchanted, but this is not a problem that was made by Obama alone, the entire fiscal crisis, it started out in the mid or late 1970s
    Obama inherited many problems. And he has either intentionally or unwittingly done everything within his power to make each of these problems worse. To that extent he has been successful.

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

    Quote Originally Posted by Mr. Invisible View Post
    Well a lot of presidents do not know squat about the economy so they have economic advisors that help them make decisions. Also, like I said before, it began in the mid to late 1970s, thus I blame everyone from Reagan to Obama for the current mess.
    If it started in the late 70's then you have to add Carter too it and you are right, a lot of Presidents don't know "squat" about the economy but most are smart enough to hire advisors that understand the private sector. Obama has the least experienced private sector advisors than any other President in recent history. Many Presidents were former Governors and thus had executive experience. Obama has zero leadership skills and delegated far too much authority then tried to delegate responsibility which a leader never can do.

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