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

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

Goldenboy. From the average taxpayer point of view, unemployment went to 10.8%. Ouch !!
Ouch is right!

I'm sure Goldenboy would agree that back then, those were 1930's levels of unemployment. :giggle:
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Why doesn't Obama just create the conditions necessary to create employment? He could do it if he wanted couldn't he?

He just must be evil. A very bad man. Hahaha.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy. From the average taxpayer point of view, unemployment went to 10.8%. Ouch !! Interest rates if you bought a house were 3-4 times higher. Ouch !!

Yet they were still selling more homes (on average) than they are in the current.

NHSOct2008Sales.jpg
New home sales in 2010 are below the 1981 lows, even though there are 70 million more people. Ouch!

And then inflation out the whazoo. Ouch !! From the standpoint of the average Joe, it was a hell of a lot worse. Reagan didn't come in with massive new Government programs, idiot Cap and Trade, and tax increases.

Suffice to say, the average Joe is wrong.

Who gives a flip about a bankruptcy ? We should have let GM go bankrupt. It would still be there, reorganized, and Ford would have gladly taken up the slack. People in the U.S. would still buy cars, and GM would have trimmed the fat. Instead, we bailed out failure. Bankruptcies are not brick walls. Likewise with foreclosures. Folks move out and go rent. The housing market readjusts. The one thing that I believe was vital was TARP. TARP was needed to keep the banking system afloat.

Increased frequency of bankruptcy and foreclosure show economic weakness. This recession bares many similarities to the one that happened in the 1930s. Look at the size of bank failures:

How many from the 1980's; 57 of the largest bank failures occured between 2008-2010. Ouce!!
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Why is the fake conservative right obsessed with the "But Obama promised" strawman?

FYI maybe it has eluded your ability to comprehend but, A straw man argument is an informal fallacy, and Obama's lies are real. It maybe hard to face the truth, but there it is.

I have been listening to Liberal idiots like Pelosi and Barney F-man all day saying that unemployment benefits create jobs.

Okay let's go with that and fire all those who have a job and in no time we'll have full employment.

There you have typical Liberal logic.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Yet they were still selling more homes (on average) than they are in the current.

NHSOct2008Sales.jpg
New home sales in 2010 are below the 1981 lows, even though there are 70 million more people. Ouch!



Suffice to say, the average Joe is wrong.



Increased frequency of bankruptcy and foreclosure show economic weakness. This recession bares many similarities to the one that happened in the 1930s. Look at the size of bank failures:

How many from the 1980's; 57 of the largest bank failures occured between 2008-2010. Ouce!!

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

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

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

Ouch is right!

I'm sure Goldenboy would agree that back then, those were 1930's levels of unemployment. :giggle:

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!!:coffeepap
 
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
 
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.
 
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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.
 
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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.
 
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.
 
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.

What far too many people want to ignore is the fact that all Presidents have an equal partner in the economic successes or failures yet all I see from some here is blaming Bush and other Presidents while ignoring Congress which for the last 4 years has been controlled by Democrats. They control the legislation and the purse strings. No President can do a thing without their support. Obama and the Democrat Congress have total control over the economy for the past two years and squandered the low interest rates, low inflation we have now thus not implementing a private sector economic plan that would actually have created jobs. This is the Obama economy today.
 
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.

Well we could easily get more jobs if we could get the government to invest in green energy
 
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.

No. All in all, we did well from 1982, when Reagan fixed the 70's, up until the rise of the housing bubble. Whether you want to blame it in its infancy, while Clinton was President and Cuomo in Housing nudged the CRA with the concurrent expansion of Fannie and Freddie, or pick a year while W was President and say that he should have stopped it right there, the fact is that without the creation of the Housing bubble, we'd have been uber-fine right now. The bubble was not Wall Street. It was government, and it got legs starting in about '98. Tracing it back to the 70's just doesn't have merit regardless.
 
Well we could easily get more jobs if we could get the government to invest in green energy

You mean like Spain? Green jobs in Spain created one job and lost four. Doubt you or anyone else wants those kind of results.
 
Well we could easily get more jobs if we could get the government to invest in green energy

No. We'd be the mess that Spain is now. Now is not the time for green. That would be to dig the hole even deeper, making us even more non-competitive on the world market. Sitting around singing Kumbaya and smoking rope won't get the bills paid.

Edit: You beat me to it Con Man :)
 
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No. We'd be the mess that Spain is now. Now is not the time for green. That would be to dig the hole even deeper, making us even more non-competitive on the world market. Sitting around singing Kumbaya and smoking rope won't get the bills paid.

Edit: You beat me to it Con Man :)


When I say making green jobs, I mean that we can develop technology that is green and also helps get us off of foreign oil as well. It also give the US a chance to become the leader in green tech, which, believe it or not, other countries are way outinvesting us, as can be seen here
 
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When I say making green jobs, I mean that we can develop technology that is green and also helps get us off of foreign oil as well. It also give the US a chance to become the leader in green tech, which, believe it or not, other countries are way outinvesting us, as can be seen here

In a private sector economy if there is a way to make a profit the private sector will do it. That isn't the role of the Federal Govt. and with a debt of 14 trillion dollars there are more pressing concerns. It is going to take decades to convert existing vehicles to green energy but that effort is ongoing in the private sector now.
 
When I say making green jobs, I mean that we can develop technology that is green and also helps get us off of foreign oil as well. It also give the US a chance to become the leader in green tech, which, believe it or not, other countries are way outinvesting us, as can be seen here

that's a good point. Spain, for example, has been way ahead of us in this.


how's that worked out for them, anywho? lots of jobs over there?
 
Well we could easily get more jobs if we could get the government to invest in green energy

You want govt. subsidies for R & D for renewable and alternative energy and conservation programs and projects. You need these govt. subsidies because these programs and projects are not commercially viable on their own.

You do not have the power to obtain or continue authorization of these govt. subsidies without conservative consent.

How badly do you want these things? What do you have to trade in exchange for conservative consent?

Remember, this is America. Nothing is for free.
 
if those technologies were viable and could reliably produce growth and jobs, then they wouldn't need government subsidies; they would be growing just fine on their own.
 
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