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Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

Very early in TX, so enjoying educating liberals and watching liberals run when challenged and never answering any questions.

Scary sad perception you've got going there, home skillet. I'm in Minnesota, going for a walk around the lake before we head for iHop. :2wave:
 
Scary sad perception you've got going there, home skillet. I'm in Minnesota, going for a walk around the lake before we head for iHop. :2wave:

Pool day here, enjoying beating on liberals and confusing them with data before going into the backyard swimming with the grandkids who will be coming over later this morning.
 
You know this is getting really irritating. Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad? Where have we come to when it is a "good" thing to not compromise to get things done. Both parties are treating american citizens as monopoly board game pieces just to prove a political point.

You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail. Republicans...everyone does not share your values. Democrats...Everyone does not share your values. We have to co-exist if we are to remain a great country. How patriotic are you if we are hoping for the president demise in order to put your candidate in the white house no matter what the cost is? Hell even Reagan compromise with the democrats.

And by the way, both parties share responsibility for these numbers. Please name one job bill or ideal that the republicans have place on the table that would put Americans to work right now. All I seen is jobs being loss due to spending cuts . Just look at all the public job being loss. Boehner himself said that if jobs are lost due to spending cuts then so be it.

I blame us to a certain extent, but I also blame our ****ty, first-past-the-post electoral system that only serves to reinforce gerrymandering and the two parties, which are only becoming even more polarized.
 
You guys crack me up.

We've now gone from "When does it become Obama's economy?" to "It was never Bush's economy." I'm perfectly willing to lay blame on Obama for the fact that we're still in a terrible economy, but before that, it was Bush. He did a crappy job managing the deficit and the economy. Obama's done a crappy job trying to get us out of it.

How many budgets did the Republicans balance between 2001-2007? ZERO! At a time when they controlled both houses of Congress and the White House.

Someday, you'll realize that Democrats are only half of the problem. Three guesses as to who the other half is.

The Bush/Republican Congress economy was never at 9% unemployment. Things went to **** when you-know-who took control of the government.
 
The Bush/Republican Congress economy was never at 9% unemployment. Things went to **** when you-know-who took control of the government.

What liberals want to ignore is that the only time that the Republicans had total control of Congress and the WH in modern history was from 2003-2006 and the results speak for themselves, results that liberals want to ignore.
 
Lets complete that thought shall we?

the only time that the Republicans had total control of Congress and the WH in modern history was from 2003-2006 and the results speak for themselves setting the stage for the largest economic collapse seen since the Great Depression as well as rising budget deficits and national debt.
 
Lets complete that thought shall we?

the only time that the Republicans had total control of Congress and the WH in modern history was from 2003-2006 and the results speak for themselves setting the stage for the largest economic collapse seen since the Great Depression as well as rising budget deficits and national debt.

Interesting how the facts and actual numbers don't support your position. Democrats took control in January 2007 and the collapse began in December 2007 but don't let those facts get in the way of your partisanship. Oh, sorry, forgot I don't respond to people who cannot defend themself so they have to go to someone else to get infractions issued

Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or over 20 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index.
 
Interesting how the facts and actual numbers don't support your position. Democrats took control in January 2007 and the collapse began in December 2007 .

Did I miss the part where you provided the actual record of just what Democrats did then to cause this collapse letting Republicans off the hook?
 
Lets complete that thought shall we?

the only time that the Republicans had total control of Congress and the WH in modern history was from 2003-2006 and the results speak for themselves setting the stage for the largest economic collapse seen since the Great Depression as well as rising budget deficits and national debt.

Ok, explain to us exactly what the Republicans did to cause the economic collapse. Thanks in advance.
 
Ok, explain to us exactly what the Republicans did to cause the economic collapse. Thanks in advance.

Interesting numbers with sources

2003 Bush Tax Cuts Vs. 2009 Obama Stimulus Package--12 Following Months of Each

2003 Bush Tax Cuts---Net Jobs Gained (plus) +1.1 Million

2009 Obama Stimulus---Net Jobs Lost (minus) -3.1 Million

Source: Bureau of Labor Statistics (BLS) U.S. Dept. of Labor

Cost To Taxpayers

2003 Bush Tax Cuts---0

2009 Obama Stimulus---$862 Billion

Source: Congressional Budget Office (CBO)

Avg. Cost To Individual "Net Income Taxpayers" Applied To Present Workforce

2003 Bush Tax Cuts--0

2009 Obama Stimulus--$9269

Source: Tax Foundation--Based on Statistics From The Internal Revenue Service (IRS) 2006 Latest data available

Most recent data available lists 93 million "net income tax" payers

Receipts To Government: Two Quarters Following Each

2003 Bush Tax Cuts--(Plus) +$90.7 Billion

2009 Obama Stimulus--(Minus) -$65.8 Billion (Third Quarter Receipts Not Yet Available)

Source: Bureau of Economic Analysis (BEA) U.S. Dept. of Commerce
 
Interesting how the facts and actual numbers don't support your position. Democrats took control in January 2007 and the collapse began in December 2007 but don't let those facts get in the way of your partisanship. Oh, sorry, forgot I don't respond to people who cannot defend themself so they have to go to someone else to get infractions issued

Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or over 20 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index.

The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.
 
The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.

Kind of like the dot.com bubble burst in the late 90's? You think that Republicans had anything to do with the housing bubble bursting? What legislation did the GOP Congress implement that caused that? Noticed you ignored the numbers and failed to admit that you stand corrected......again.
 
The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.

Is this another one of those, "It's the Republicans's fault, because they didn't to stop what the Democrats were doing", posts?

The Democrats, along with their pards in the media screamed, "economic disaster", long enough and loud enough, till it actually happened, because they destroyed all confidence in the private sector.

Now, they don't have the first damn clue how to get things going again. Or, maybe they never intended for things to get going again.
 
The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.

That is false.

The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.
 
Ok, explain to us exactly what the Republicans did to cause the economic collapse. Thanks in advance.

For two things - the two Bush tax cuts which took many people off the tax rolls and rolled back taxes which helped decrease the amount of money the Treasury would have taken in thus increasing the annual deficit and the national debt.

For another fighting a war and trying to do it off the books without paying for it at the time thereby increasing the debt and deficit.
 
Kind of like the dot.com bubble burst in the late 90's? You think that Republicans had anything to do with the housing bubble bursting? What legislation did the GOP Congress implement that caused that?

Gramm-Leach-Bliley Act - Allowed Commercial Banks, Investment Banks and Insurers to merge. (Republican Congress, signed into law by Clinton)

Commodity Futures Modernisation Act - Deregulated Derivatives Trading. (Republicans all the way)

Predatory Lending Act - Pre-empted stronger state laws against predatory lending. (Republicans all the way)

The fact is, conservative ideology of a self regulating market, and Republicans created this crisis. The blame for Obama in it is not in its creation, it is in his failure to lead the nation to a solid recovery.

Noticed you ignored the numbers and failed to admit that you stand corrected......again.

We were getting way off topic, so I did not respond. If I don't respond to your response to this, its because I am getting a long run in before it gets too hot out.
 
That is false.

The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.

Not the CRA again

The largest subprime mortgage lenders were not subject to the CRA, Countrywide was not subject to the CRA and originated 20% of the mortgages in the US in 2006. New Century was the second biggest subprime lender and was not subject to the CRA.
 
That is false.

The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.

That is absurd being that the majority of foreclosures have been in the upper middle class from them buying more home than they could afford, and your ideological mythology does not in anyway explain the huge bubble in commercial real estate.
 
Gramm-Leach-Bliley Act - Allowed Commercial Banks, Investment Banks and Insurers to merge. (Republican Congress, signed into law by Clinton)

Commodity Futures Modernisation Act - Deregulated Derivatives Trading. (Republicans all the way)

Predatory Lending Act - Pre-empted stronger state laws against predatory lending. (Republicans all the way)

The fact is, conservative ideology of a self regulating market, and Republicans created this crisis. The blame for Obama in it is not in its creation, it is in his failure to lead the nation to a solid recovery.



We were getting way off topic, so I did not respond. If I don't respond to your response to this, its because I am getting a long run in before it gets too hot out.

The Federal Govt. has no authority over state laws and cannot pre empt stronger state lawas against predatory lending. Further how many lenders put a gun to the head of people and forced them to take loans that they could not repay?

The fact is you cannot defend your position on liberalism and the fact is that Republicans did not cause the housing meltdown, but ACORN, Fannie and Freddie, along with the entitlement mentality of liberals like Franks who believe that home ownership is a civil right did?
 
That is absurd being that the majority of foreclosures have been in the upper middle class from them buying more home than they could afford, and your ideological mythology does not in anyway explain the huge bubble in commercial real estate.

What has Obama done to improve the condition of the housing market and has it worked?
 
Not the CRA again

The largest subprime mortgage lenders were not subject to the CRA, Countrywide was not subject to the CRA and originated 20% of the mortgages in the US in 2006. New Century was the second biggest subprime lender and was not subject to the CRA.

Where does personal responsibility rest in the liberal world? Apparently there are no consequences for individual failures. No one held a gun to the head of people forcing them to buy homes that they could not afford. Barack Obama was elected to fix the problem and here we are 2 1/2 years later and the results are worse.
 
Where does personal responsibility rest in the liberal world? Apparently there are no consequences for individual failures.

Wall Street would agree with you.
 
Where does personal responsibility rest in the liberal world? Apparently there are no consequences for individual failures. No one held a gun to the head of people forcing them to buy homes that they could not afford. Barack Obama was elected to fix the problem and here we are 2 1/2 years later and the results are worse.

And just where did I state people taking out mortgages were not responsible for taking out mortgages

I pointed out that the majority of subprime loans were not subject to the CRA,


No gun was held to companies like Countrywide to make bad loans (in fact countrywide didnt care if it did or no),
 
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And just where did I state people taking out mortgages were not responsible for taking out mortgages

I pointed out that the majority of subprime loans were not subject to the CRA,


No gun was held to companies like Countrywide to make bad loans (in fact countrywide didnt care if it did or no),

ACORN held a racial gun to the head of lenders but we continue to get way off track here as usual. Barack Obama has been in office 2 1/2 years and is still blaming others for his own failures. We have seen the results of that Harvard faculty room economic policies and they have failed. The results today are worse than they were when he took office and worse that Reagan's 2 years after the end of a recession that I believe was worse than this one. A good pro growth President wouldn't have the results we have today, Reagan took over an economy that had a misery index over 20 and stimulated job growth and two years after the end of that recession we were growing jobs, not still shedding them.

These are the Obama results, TODAY, notice that, 2 1/2 years later

Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or over 20 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index.
 
ACORN held a racial gun to the head of lenders but we continue to get way off track here as usual. Barack Obama has been in office 2 1/2 years and is still blaming others for his own failures. We have seen the results of that Harvard faculty room economic policies and they have failed. The results today are worse than they were when he took office and worse that Reagan's 2 years after the end of a recession that I believe was worse than this one. A good pro growth President wouldn't have the results we have today, Reagan took over an economy that had a misery index over 20 and stimulated job growth and two years after the end of that recession we were growing jobs, not still shedding them.

These are the Obama results, TODAY, notice that, 2 1/2 years later

Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or over 20 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index.

Did you not just read that Countrywide, the originator of 20 % of all morgages in 2006 was not subject to the CRA. As such Acorn had zero racial gun pull on Countrywide or similar companies

Overall how many mortgages were made due to the CRA, I am looking for hard numbers here not subjective gut feeling, and how many of those loans went bad
 
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