Mr President please stop lying to us all.

Discussion in 'Economy' started by Charles_Main, Feb 9, 2009.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    Lets compare recessions.


    [​IMG]

    Every time Obama or any other Democrat tells us we face the worst economy since the Great Depression. They are lying to your face.


    See this article
    It's a Recession Not a 'Catastrophe'

    It seems the Democrats are just as capable as the Republicans at lying and fear mongering.

    Go figure.
     
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  2. AllieBaba
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    AllieBaba BANNED

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    What the hell do dems know about the truth. I had a coworker waxing hysterical about the terrible job losses and financial ruin everyone around us (not us, or anyone she knows...but she's sure they're out there) are suffering, comparing it to the Great Depression.

    I reminded her that during the Depression, 29 percent were unemployed (10.5 percent now...it was only 5.5 percent a year ago...), and I reminded her that the unemployment rate after WWII was comparable.

    She called me a liar. That was her response. She admitted to not knowing, to not really researching the numbers, but because she didn't like what I was saying, she just said straight up to my face that I was a liar. Further, she said she wasn't going to look it up.

    This is the mentality we're dealing with.
     
  3. Modbert
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    Modbert Daydream Believer Supporting Member

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    The unemployment numbers are understated. After awhile, when people stop collecting benefits; as does their being counted. The unemployment rate is more along 13.5% if not higher and near 15% if not higher in some states such as Rhode Island.
     
  4. AllieBaba
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    AllieBaba BANNED

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    That's right. Since the employment numbers don't jibe with your mantra, the EMPLOYMENT NUMBERS ARE A LIE!

    Give me a fucking break.
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Yes but that was true in both the recessions listed in the graph as well. So it is hardly relevant to the point. Which is the numbers do not support the Idea that this is the worst economic time since the great depression. In Fact it is only the worst economic time since the last Major recession. It is in fact not even as bad as the last major recession.

    Yet here we are poised to spend a Trillion on this Stimulus, after the 700 Billion we have already spent, and with a another whole Package for the Mortgage industry on the way, all based on the Idea that this is the worst Economic Times since the great depression, and if we do not act NOW, in this specific way, we will face ruin.

    When are you going to wake up and realize you are repeating the Errors of Bush? You are in fact supporting doubling down on deficit spending as a solution to problems caused by our DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
    Last edited: Feb 11, 2009
  6. Article 15
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    Article 15 Dr. House slayer

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    I seem to recall reading somewhere that unemployment isn't calculated the same way it used to be back when Carter was in office. That it's since been adjusted to make the numbers artificially low.

    Does anyone know if that's true and if so what would our numbers be today if we used the same formula?
     
  7. Dark Starscream
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    Dark Starscream Rookie

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    There are three types of lies:

    1) White lies.
    2) Damn lies.
    3) Statistics.

    I know a LOT of educated, hard-working people who are having a hard time finding work right now. I have been in retail management for 15 years, managing stores like Target, Sears, and OfficeMax, and I can tell you that this is the WORST it has ever been. Every year for about the last eight years has been bleaker than the prior, running double-digit sales decreases. And just when you think you're operating on a skeleton crew making the lowest they can possibly make, payroll gets slashed more, benefits and pensions get cut, and more stores close.

    Last week we had to announce to our associates that there would be no more 401K match and no merit raises indefinitely. INDEFINITELY.

    This IS a recession, the worst I have seen in my lifetime. Obama and Congress are doing the right things. The wrong thing to do right now would be nothing.
     
  8. Dark Starscream
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    Dark Starscream Rookie

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    You are correct, sir.
     
  9. auditor0007
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    auditor0007 Gold Member

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    You're missing the point. Yes, things are bad, but they are nowhere near as bad as some other recessions, and we are certainly nowhere near being in a recession.

    That being said, many of the real fears revolve around the simple fact that the cause of this recession is not something that is easily fixable. The drop in housing is leading the way, and was brought on by the credit crunch. But more than the credit crunch is the underlying fact that we overbuilt; we have too many houses and even with a low unemployment rate, there would not be enough potential buyers to reduce home inventory levels to a managable level. And this is not going to change for some time, which means this recovery, once started, is going to be very slow.

    As far as being worse than the Great Depression, that is complete nonsense. And today, we have so many safety nets, that falling into a depression is almost completely impossible. The only thing that could destroy us is a run on the banks, something that apparently began to happen back in September. There again, the government stepped in to stop it form going into freefall.

    One of the biggest concerns is the negative commentary we hear every single day. Making people feel scared can become a self fulfilling prophesy. We need a little objectivity and less scare mongering from everyone.
     
  10. indago
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    indago VIP Member

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    What's really funny is when she tells someone else who is in the know about what you said and they say: "Yes, that's true!" Don't you wish you could be there to see her face when he tells her that!
     

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