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

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

    Quote Originally Posted by Goldenboy219 View Post
    We are very lucky unemployment did not reach 1930's levels.
    Chicken poop.

    The single worst month of job losses was Jan of '09 (779k jobs lost). We could have sustained losses like that for over two consecutive years and still not "reached 1930's levels."

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

    Quote Originally Posted by Objective Voice View Post
    You have GOT to be kidding? Increased the size of government? No new branch of government has been created under Pres. Obama that I'm aware of.
    Largest-ever federal payroll to hit 2.15 million - Washington Times

    The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.

    The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that "the era of big government is over" and joined forces with a Republican-led Congress in the 1990s to pare back the federal work force.

    Most of the increases are on the civilian side, which will grow by 153,000 workers, to 1.43 million people, in fiscal 2010.

    The data also show that the Department of Homeland Security will grow by 7,000 a year in 2010 and 2011, and the Veterans Affairs Department will grow by 12,000 in 2010 and an additional 4,000 in 2011.
    As he left office in 2000, Mr. Clinton boasted that his administration had helped cut 377,000 government jobs, leaving the smallest civilian federal work force since 1960.

    Mr. Obama, though, appears to be accepting a larger federal work force.

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

    Quote Originally Posted by Taylor View Post
    Chicken poop.

    The single worst month of job losses was Jan of '09 (779k jobs lost). We could have sustained losses like that for over two consecutive years and still not "reached 1930's levels."
    Either you are bad with math, or you fail to grasp just how how a financial collapse affects jobs.
    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 Ikari View Post
    Because the point is to close off economic mobility. Economic mobility doesn't just mean that the poor can get rich through hard work. It also means the rich can get poor through stupidity. And that's the direction that the aristocracy would like to close off. Wall street and the banks hurt all of us. The removal of proper oversight and regulation along with the ability to form oligopoly (thanks to Clinton) allowed them to operate in a way which drove the system to break. Thus we all got burned. Then the government takes our money and gives it to the very people who broke the system. Hate to break it to you. The greatest economy on the face of the earth was already broken and it was broken through class warfare. Free market capitalism does not exist in the US, hasn't for some time.

    And now we have near 10% unemployment, but there's no push to solve anything because the government has already protected the aristocracy. The real quesion isn't "how can one take my post seriously". But rather "how can one not consider the data on hand".
    I spent 35 years in the business world and went through a number of recessions with the 81-82 being much worse than this one, try paying over 17% for a home mortgage, having a 20+ misery index, or having over 10% unemployment? Today a depression is not being able to get that new IPhone or ticket to a popular concert. To many people have adopted an entitlement mentality and using the argument of violations of their freedoms to destroy economic freedoms. We live in a country where there are negative and positive consequences for personal choices. Liberals don't like that reality.

    There is a reason that democracies fail all around the world and many here are trying to make that happen in this country. Barack Obama is doing nothing to promote the private sector growth and thus there isn't any. He is making the economy worse and that is leading more and more on the left to call for more drastic actions on his part, actions that are making unemployment higher.
    Last edited by Conservative; 12-03-10 at 02:05 PM.

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

    Quote Originally Posted by Conservative View Post
    There is a reason that democracies fail all around the world and many here are trying to make that happen in this country. Barack Obama is doing nothing to promote the private sector growth and thus there isn't any. He is making the economy worse and that is leading more and more on the left to call for more drastic actions on his part, actions that are making unemployment higher.
    Please, what have any of the Republocrats done recently to "promote the private sector growth"? You want to sit there and point at Obama. Oh it's his fault, the liberals don't like this and that. Blah blah blah blah blah. The truth is we've been on a slow decline for quite some time now, and it has been the Republocrats who have been in charge over that period. It's not just the liberals fault, both Republican and Democrat are pushing for the same thing, expansion of their power and proliferation of the status quo. This recession wasn't caused on his watch, it was Bush. Obama has merely expanded upon it.

    Republicans and Democrats aren't going to save us, they're the ones who put us in this hole.
    You know the time is right to take control, we gotta take offense against the status quo

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

    Quote Originally Posted by Grant View Post
    A "jobless recovery" might be part of that hopeychangey thing but the "debt recovery" situation remains far hopey and and will probably not changey.

    This poor bugger is still thinking of himself as "present" rather than President. Even with a majority in power he still can't decide what to do about a simple issue like tax rates.

    It was a perfect storm, from an unpopular former president to a weak Republican candidate, that got this buffoon elected. Let's just hope he doesn't do to much damage in his remaining two years in office.
    If taxes go up that will be another job killer. Obama sure is good at destroying jobs, and discouraging job growth. I'm thinking that was the goal all along. Soon everyone will have to turn to the government to save them.
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Barbbtx View Post
    If taxes go up that will be another job killer. Obama sure is good at destroying jobs, and discouraging job growth. I'm thinking that was the goal all along. Soon everyone will have to turn to the government to save them.

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

    Quote Originally Posted by Barbbtx View Post
    If taxes go up that will be another job killer. Obama sure is good at destroying jobs, and discouraging job growth. I'm thinking that was the goal all along. Soon everyone will have to turn to the government to save them.
    Everyone does run to the government to save them. If it's not economics, it's terrorists. How many people who blaming Obama for this current mess also say the TSA is a good thing, our wars in the ME are a good thing, etc. People need to look in the mirror before they start pointing fingers.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by Conservative View Post
    LOL, the excesses of Bush? How long are liberals going to blame Bush for the mess that Obama is creating? Are liberals ever going to wake up to the fact that Obama has made them look foolish? Facts obviously have no place in the liberal world so carry on, Obama supporters.
    Don't get me wrong. George Bush was not one of my favorite people, but compared to The Clown in The Center Ring we now have, he was absolutely brilliant.
    The United States is entirely [354 U.S. 1, 6] a creature of the Constitution. 3 Its power and authority have no other source. It can only act in accordance with all the limitations imposed by the Constitution. -REID v. COVERT, 354 U.S. 1 (1957)

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    The economy is experiencing a crack up boom. That's like a woman flying upside down in a plane and attempting to land; big crack up, go boom.

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

    Quote Originally Posted by Barbbtx View Post
    If taxes go up that will be another job killer. Obama sure is good at destroying jobs, and discouraging job growth. I'm thinking that was the goal all along. Soon everyone will have to turn to the government to save them.
    Enlighten us as to how increased payroll taxes increase the cost of labor. Not that i disagree with increased payroll taxes as a negative for growth, only your application is incorrect.
    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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