View Poll Results: Who is to blame for the high Unemployment rate?

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  • Bush and the Republicans

    9 47.37%
  • Obama and the Democrats

    7 36.84%
  • Europe

    0 0%
  • High Gas Prices

    2 10.53%
  • The Earthquake in Japan

    1 5.26%
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Thread: Who is to blame for the high Unemployment rATE?

  1. #21
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    Re: Who is to blame for the high Unemployment rATE?

    Greed is what makes the world go round. Without greed you have unemployment.
    Quote Originally Posted by BDBoop View Post
    Corporate greed.

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    Re: Who is to blame for the high Unemployment rATE?

    The burst of the housing bubble caused the recession. The bubble itself caused the burst of the bubble. The bubble was caused by government policies, which were supported by both Democrats and Republicans in Washington. Although the policies were supported by both parties, the policies themselves were/are liberal. When the government encourages banks to give mortgages to people who couldn't otherwise get a mortgage, that's liberal. You also have to blame the people who defaulted. Last but not least, you have to blame the voters. Those policies wouldn't have been supported by both parties if they weren't so popular with the voters.
    If you expect people to be rational, you aren't being rational.

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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by repeter View Post
    How about the corporations whose actions resulted in the Great Recession? They're more culpable than any other group. I would say all the political parties and leaders could be held in some form of liability, but the true liability is that of those who created this mess in the first place.
    Reagan had a big hand in that, too.
    "Trickle down" is the same as being ****ed on.

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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by commonsense View Post
    Greed is what makes the world go round. Without greed you have unemployment.
    Greed caused the financial collapse. Ergo, it caused a lot of the unemployment we're seeing today. The numbers wouldn't be nearly as high if Wall Street hadn't been so greedy. And don't even tell me greed didn't cause the collapse, that'd be a lie, plain and simple.
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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by commonsense View Post
    Greed is what makes the world go round. Without greed you have unemployment.
    Not true at all.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by commonsense View Post
    Greed is what makes the world go round. Without greed you have unemployment.
    You're so wrong.

    Greed is an excessive desire to possess wealth or goods with the intention to keep it for one's self. Greed - like lust and gluttony - is a sin of excess. Greed is inappropriate expectation. However, greed is applied to a very excessive or rapacious desire and pursuit of wealth, status, and power.

    Greed - Wikipedia, the free encyclopedia


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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by phattonez View Post
    No problem. Quantitative easing produces uncertainties with regards to commodities. People can invest in commodities on the idea that inflation will make those prices rise and they can protect themselves from a decreasing value of the dollar. As such, commodity prices are increasing, which translates to a higher cost of production. With a higher cost of production, you can't produce as much as you could otherwise at the same price, hence employment needs to decrease or salaries need to come down.
    How much of this effect is offset by the fact that the lower value of the dollar creates a greater demand for exports?
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: Who is to blame for the high Unemployment rATE?

    Bush and the Republicans
    Obama and the Democrats
    Lax financial regulations and ill-advised mortgage subsidies, which were supported by Democrats and Republicans alike and which STILL haven't been corrected, were responsible for the 2008 financial crisis which got us into this mess in the first place. So both of these two poll options are correct.

    Europe
    Yes. The biggest form of uncertainty in the global economy is what is going to happen with the mess in Europe, thanks to a unified currency that prohibits countries from pursuing the most appropriate monetary policy for THEIR economy.

    High Gas Prices
    High OIL prices really...but yes, they are a major drag on economic growth.

    The Earthquake in Japan
    Ehh, not really. It certainly wasn't good for Japan, but its impact on the unemployment rate in this country is negligible.
    Last edited by Kandahar; 07-10-11 at 02:35 AM.
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    Re: Who is to blame for the high Unemployment rATE?

    Quote Originally Posted by Kandahar View Post
    Lax financial regulations and ill-advised mortgage subsidies, which were supported by Democrats and Republicans alike and which STILL haven't been corrected, were responsible for the 2008 financial crisis which got us into this mess in the first place. So both of these two poll options are correct.



    Yes. The biggest form of uncertainty in the global economy is what is going to happen with the mess in Europe, thanks to a unified currency that prohibits countries from pursuing the most appropriate monetary policy for THEIR economy.



    High OIL prices really...but yes, they are a major drag on economic growth.



    Ehh, not really. It certainly wasn't good for Japan, but its impact on the unemployment rate in this country is negligible.
    Negligible? Maybe in Washington DC but in the parts of America that require supplies from Japan, all the way down to GM, Toyota, Honda, Ford, computer companies, etc it has had a massive impact.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  10. #30
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    Re: Who is to blame for the high Unemployment rATE?

    I'd say it depends on how you define blame. Defining blame depends on your definition of what people and groups should and should not do. For example a business sees an opportunity in China so it moves it factory out of the US, the business makes more money as a result and American workers are laid off. So whos to blame?

    -The US workers for taking jobs in a field which other individuals offered at much lower wages? But then again perhaps they didn't have much choice, I'm sure some wouldn't be there if they had other means.
    -The Company for closing down its American factory? But then again they are just trying to stay competitive, and a business' purpose is to make money is it really justifiable they should go down with the ship?
    -The Chinese government for being so business friendly in many ways? They are just trying to attract more business and industry it increases their national capability and provides jobs for their people, is that wrong?
    -The Chinese workers themselves for working at such low rates? Well in comparison to other jobs like farming, "sweat shop" jobs can provide a massive increase in wages for their family, and American was similar in 20s.
    -The US government for not being as business friendly with regulations? We elected those people and many of those regulations are popular, those regs are why we have clean drinking water for example.

    To me all these are examples of just how the world works, none are morally wrong in any way and I wouldn't criticize any of these groups for doing what they do, yet in some ways they all are collectively responsible for the current high unemployment in the US. The one thing I cannot stand, but I have to admit is a drop in the bucket when compared to geopolitical trends like "The Rise of China" is the golden parachute executives. Those individuals who took massive bonuses and pay increases as their company went to hell, sometimes causing the company to go to hell just so they could rob it blind. Those individuals certainly did something which both caused high employment and violates both morality and good economics. Its one thing to be paid hundreds of millions of dollars because you are that damn good at your job, that's economics. Its quite another to be placed into that position of power and then destroy your company and people's lives for personal profit, that's criminal. Why is it criminal? The easiest reason is because its a violation of contract with the company's investor, no investor signs up for a company they know is going down in flame deliberately. I don't know law that well but that strikes me as an easy example.

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