CBO report February 2012

Discussion in 'Politics' started by clevergirl, Feb 17, 2012.

  1. clevergirl
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    clevergirl Gold Member

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    The rate of unemployment in the United States has
    exceeded 8 percent since February 2009, making the past
    three years the longest stretch of high unemployment in
    this country since the Great Depression.
    Moreover, the
    Congressional Budget Office (CBO) projects that the
    unemployment rate will remain above 8 percent until
    2014. The official unemployment rate excludes those
    individuals who would like to work but have not searched
    for a job in the past four weeks as well as those who are
    working part-time but would prefer full-time work; if
    those people were counted among the unemployed, the
    unemployment rate in January 2012 would have been
    about 15 percent. Compounding the problem of high
    unemployment, the share of unemployed people looking
    for work for more than six months—referred to as the
    long-term unemployed—topped 40 percent in December
    2009 for the first time since 1948, when such data began
    to be collected; it has remained above that level ever
    since.

    read entire report here
     
  2. paulitician
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    paulitician Platinum Member Supporting Member

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    It's an Obomination for sure. :(
     
  3. Middleoftheroad
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    Middleoftheroad Active Member

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    does it matter? Does the CBO ever get anything right? They are good at looking at things in hindsight but who isn't? A group of non-economists telling us what the economy is going to be like, I'm not even going to check but I bet half of them have degrees in law.
    I'm not even saying they are wrong, I'm mainly saying they are guessing, a guess that is as good as half of the guesses from this board.
    I will even challenge them, unemployment by how it is calculated by the government is under 8% by end of this ear
     
  4. Avorysuds
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    Avorysuds Gold Member

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    But Obama and his friends told us we were not in a recession... That's what happenes when you dump Trillions into the market, $$ goes up but things somehow get worse.
     
  5. Valox
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    Valox Senior Member

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    You are dumb.
     
  6. Valox
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    Valox Senior Member

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    Christinia Romer is an idiot, but at least she had enough brain cells to call it quits.
     
  7. saveliberty
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    saveliberty Diamond Member

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    But they got Obamacare right huh leftie?
     
  8. Listening
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    Listening Gold Member

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    It says that unemployment will stay above 8% through 2014.

    Wow....
     
  9. Middleoftheroad
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    Middleoftheroad Active Member

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    I'm not a leftie and I don't believe I ever said they got obamacare right.
    So ethier you are saying that you agree with me, or you are saying that Obamacare will actually lower the deficit, you can't have it both ways.
     
  10. Matthew
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    Matthew Blue dog all the way!

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    Sure, Bush fucked up, but this is since January 2009 Obama's economy. He has been the single worst economic president in the last 70 years. Defend that Obama.
     
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