Dad2three
Gold Member
Why is Obama overseeing any recovery, let alone one that hasn't been this bad since the 1930s?
OldStyle said:"We've got record numbers of long term unemployed...record numbers of people under the poverty level...record numbers of people on food stamps...record numbers of people working part time jobs that want to be working full time."
Don't forget a record number of billionaire "job creators". You would think that billionaires could afford to create more jobs, what with their billions of dollars and all.
"You would think that billionaires could afford to create more jobs..."
You progressives don't get it...do you? The reason that people with capital invest and create jobs is that they anticipate profit. Anything the government does to lessen that anticipation of profit, such as raising taxes on anyone making over $250,000 a year, prompts those with large amounts of capital to employ strategies to simply maintain capital. They won't risk capital in start-ups or business expansion because the return on investment is too small to justify said risk. There are literally trillions of dollars sitting on the sidelines of this recovery because Barack Obama has inspired so little confidence from the Private Sector for them to risk it.
Naive people like you and Barry somehow expect that smart investors should suddenly do stupid things simply to make HIS economy prosper!
So WHAT happened under Dubya/GOP 'job creator' policies for 8 years? PLEASE explain?
Lost 673,000+ PRIVATE sector jobs in 8 years, took US down to Korean war levels of taxes (revenues), RECORD Corp profits
Bush Lead During Weakest Economy in Decades
"For a group that claims it wants to be judged by history, there is no evidence on the economic policy front that that was the view," Holtz-Eakin said. "It was all Band-Aids."
"It's sad to say, but we really went nowhere for almost ten years, after you extract the boost provided by the housing and mortgage boom," said Mark Zandi, chief economist of Moody's Economy.com, and an informal adviser to McCain's campaign. "It's almost a lost economic decade."
Even excluding the 2008 recession, however, Bush presided over a weak period for the U.S. economy. For example, for the first seven years of the Bush administration, gross domestic product grew at a paltry 2.1 percent annual rate.
Bush Lead During Weakest Economy in Decades
DESPITE RIGHT WING MYTHS, CAPITAL DOESN'T 'SIT OUT', the lack of demand is why there is not as much job creation, pretty simple really