Nothing generates unemployment like liberal policy

[Kosh]

There is no denying the facts (though some will sadly still try)...

Walmart Closes LA Store Over $15 Minimum Wage - Breitbart

Really, then how do you explain all the OTHER Walmarts that were closed in Right To Work, no minimum wage states?

Another failed far left drone post based on debunked religious dogma..


http://www.cnbc.com/2016/01/15/

 

[Manonthestreet]

• FDIC
• Banking News
• Financial regulation
• Bank Failure
• Too Big To Fail Banks

Bernanke Tells Retirees and Savers “To Take One For The Team” – Interest Rates To Remain At Zero
February 26, 2013 By Problem Bank List Staff 4 Comments

Federal Reserve Chairman Ben Bernanke presented to Congress today the semiannual Monetary Policy Report which discusses current economic conditions, monetary policy and thoughts on fiscal policy.

Mr. Bernanke vigorously defended the Federal Reserve’s zero interest rate policy stating that the benefits of an easy money policy outweigh the “potential costs of the increased risk-taking in some financial markets.” Mr. Bernanke noted that low rates have promoted a recovery in housing markets, auto sales, job creation and consumer spending.

While expounding on the benefits of low low interest rates, Mr. Bernanke avoided discussing the devastating impact that zero rates are having on retirees and savers. Interest income on bank deposits has virtually disappeared. Banks are currently offering only a fraction of a percent interest on most deposits and there is no reason to believe that this situation will change anytime soon.

Mr. Bernanke noted that interest rates have been close to zero since December 2008 and will not be raised until the economy and labor markets improve

With unemployment well above normal levels and inflation subdued, progress toward the Federal Reserve’s mandated objectives of maximum employment and price stability has required a highly accommodative monetary policy. Under normal circumstances, policy accommodation would be provided through reductions in the FOMC’s target for the federal funds rate–the interest rate on overnight loans between banks. However, as this rate has been close to zero since December 2008, the Federal Reserve has had to use alternative policy tools.

At its December 2012 meeting, the FOMC agreed to shift to providing more explicit guidance on how it expects the policy rate to respond to economic developments. Specifically, the December postmeeting statement indicated that the current exceptionally low range for the federal funds rate “will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.”

In many ways, the Fed’s zero interest rate policy (ZIRP) has been a zero sum game. Since every loan also represents an income asset to someone else, zero interest rates have been the mechanism for transferring wealth from savers to debtors. Retirees with savings who do not want to go out on the risk curve by investing in higher yielding stocks or bonds will continue to suffer a significant loss of income.

The Fed’s zero rate interest policy is also contributing to the risk that many companies will be unable to provide promised pension benefits to workers. Pension plans rely on income from investments in long term assets to cover pension benefits. The Fed’s ZIRP policy has resulted in dramatically decreased interest payments on long term assets, resulting in huge unfunded pension plan liabilities. Companies that cannot afford to make up the shortfall in their pension funds are cutting benefits and eliminating retirement plans. Bernanke Tells Retirees and Savers “To Take One For The Team” – Interest Rates To Remain At Zero | Problem Bank List

 

[Tax Man]

Everywhere liberals get these insane minimum wages shoved through, we see insane unemployment. Businesses move or shut down. Nothing but poverty is left in the wake of liberal policy. What a damn shame...

Minimum wage hikes put pressure on businesses to 're-engineer labor force,' a restaurateur says - LA Times
Some restaurants face pressure to trim menus and staffs under California's wage hike

Generally where libs live the economy is growing exponentially and wages need to keep up.

 

[rightwinger]

My 85 year old mother is not.....I blame Obama

Same with my 86 yo MIL...

If it wasn't for Obamas policies, both the old ladies would be working

Riiggghttttt any more lies.........Obamas zero interest rate has bankrupted many elderly...no interest means retirement money gone presto.......

My 85 year old mother has her money in stocks. She did very well under Obama

And that's one of the reasons YOU don't want Trump.

Trump would have my 85 year old mother working

 

[Norman]

The favored liberal policy of paying people not to work sure generates unseen amount of jobs! Every time it's tried...

 

[rightwinger]

Many others didnt....and elderly arent supposed to have majority of their money in stocks at that age.........I know several old people who followed that and were enronned back into the work force

Diversify.

CDs are for suckers

 

[Moonglow]

I love those GOP policies that ended so well when Bush was running from the White House...

 

[Indeependent]

Same with my 86 yo MIL...

If it wasn't for Obamas policies, both the old ladies would be working

Riiggghttttt any more lies.........Obamas zero interest rate has bankrupted many elderly...no interest means retirement money gone presto.......

My 85 year old mother has her money in stocks. She did very well under Obama

And that's one of the reasons YOU don't want Trump.

Trump would have my 85 year old mother working

I don't care as your mother was thrilled when GW was sending thousands of factories overseas and bringing in a few million Business Visas.
Let her suffer.

 

[Moonglow]

Many others didnt....and elderly arent supposed to have majority of their money in stocks at that age.........I know several old people who followed that and were enronned back into the work force

Diversify.

CDs are for suckers

Don't keep all yer eggs in one basket...

 

[edthecynic]

President Obama's policy created record unemployment. Over 30 million jobs were lost under him.

92 million have dropped out of the work force all together under his reign of terror.

Both LIES!

B ush passed to Obama 80 million" drop outs" plus another 12 million unemployed.

Another far left drone with their debunked far left religious dogma makes another failed post!

The BLM says he is a liar

Bureau of Labor Statistics Data

Stupid idiots don't even know what Stats to use.

There is nothing in your link to indicate 92 million of anything.

Bureau of Labor Statistics Data

12 million unemployed when Bush left office.

Bureau of Labor Statistics Data

80.5 million not in labor force when Bush left office.

If 30 million lost their jobs and 92 million "dropped out" under Obama as the pathological liars say, then there would be 214 million people over age 16 not working now when they are added to Bush's numbers. The ENTIRE civilian labor force over the age 16 is 158.9 million so according to these moronic fools there are 55 million more people over the age of 16 not working than ALL the people over the age of 16 years old combined.

 

[edthecynic]

President Obama's policy created record unemployment. Over 30 million jobs were lost under him.

92 million have dropped out of the work force all together under his reign of terror.

Both LIES!

B ush passed to Obama 80 million" drop outs" plus another 12 million unemployed.

Another far left drone with their debunked far left religious dogma makes another failed post!

The BLM says he is a liar

Bureau of Labor Statistics Data

SHHH!!! Do not post facts, it will make this drones head explode!

Watch!

Fools should Google before spewing BS

Of course it would help if you morons knew what facts to google!!!!!

 

[MarathonMike]

Liberal policy creates "stealth" unemployment by hiding the millions that have given up looking for work and count ANY lame low pay job the same as a good paying job. That makes their numbers look waaaaaaaay better than reality. Unfortunately those glowing unemployment/job numbers don't help the working class many of whom work two jobs and still struggle.

 

[rdean]

Everywhere liberals get these insane minimum wages shoved through, we see insane unemployment. Businesses move or shut down. Nothing but poverty is left in the wake of liberal policy. What a damn shame...

Minimum wage hikes put pressure on businesses to 're-engineer labor force,' a restaurateur says - LA Times
Some restaurants face pressure to trim menus and staffs under California's wage hike

Prosperity through lower wages.

 

[Kosh]

President Obama's policy created record unemployment. Over 30 million jobs were lost under him.

92 million have dropped out of the work force all together under his reign of terror.

Both LIES!

B ush passed to Obama 80 million" drop outs" plus another 12 million unemployed.

Another far left drone with their debunked far left religious dogma makes another failed post!

The BLM says he is a liar

Bureau of Labor Statistics Data

Stupid idiots don't even know what Stats to use.

There is nothing in your link to indicate 92 million of anything.

Bureau of Labor Statistics Data

12 million unemployed when Bush left office.

Bureau of Labor Statistics Data

80.5 million not in labor force when Bush left office.

If 30 million lost their jobs and 92 million "dropped out" under Obamaas the pathological liars say, then there would be 214 million people over age 16 not working now when they are added to Bush's numbers. The ENTIRE civilian labor force over the age 16 is 158.9 million so according to these moronic fools there are 55 million more people over the age of 16 not working than ALL the people over the age of 16 years old combined.

More far left religious dogma...

Spin it how you want Obama is a failure!

Worse than Bush! And you voted worse than Bush Twice!

 

[Norman]

Ah minimum wage - making it illegal to work for the most unfortunate. This is possibly even more effective job creator than paying people not to work!

 

[Kosh]

Both LIES!

B ush passed to Obama 80 million" drop outs" plus another 12 million unemployed.

Another far left drone with their debunked far left religious dogma makes another failed post!

The BLM says he is a liar

Bureau of Labor Statistics Data

SHHH!!! Do not post facts, it will make this drones head explode!

Watch!

Fools should Google before spewing BS

Of course it would help if you morons knew what facts to google!!!!!

Oh these irony impaired far left drones and their comments!

 

[Indeependent]

Liberal policy creates "stealth" unemployment by hiding the millions that have given up looking for work and count ANY lame low pay job the same as a good paying job. That makes their numbers look waaaaaaaay better than reality. Unfortunately those glowing unemployment/job numbers don't help the working class many of whom work two jobs and still struggle.

GW's team did the same to hide the fact that several million Indian Business Visas replaced US citizens and non-Indian Business Visas.
Different Party, same lies.

 

[edthecynic]

Liberal policy creates "stealth" unemployment by hiding the millions that have given up looking for work

Of course that is a lie as the number of discouraged workers who have given up looking has gone DOWN!!!!!!!
At the peak of the Bush Great Recession there were 1.3 million discouraged drop outs, there are 599,000 now.
That's less than half!

Bureau of Labor Statistics Data

 

[Obiwan]

Everywhere liberals get these insane minimum wages shoved through, we see insane unemployment. Businesses move or shut down. Nothing but poverty is left in the wake of liberal policy. What a damn shame...

Minimum wage hikes put pressure on businesses to 're-engineer labor force,' a restaurateur says - LA Times
Some restaurants face pressure to trim menus and staffs under California's wage hike

Generally where libs live the economy is growing exponentially and wages need to keep up.

Like Detroit???

RFLMAO!!!

The Democrat-controlled cities are debt-ridden shit holes!!!

 

[edthecynic]

President Obama's policy created record unemployment. Over 30 million jobs were lost under him.

92 million have dropped out of the work force all together under his reign of terror.

Both LIES!

B ush passed to Obama 80 million" drop outs" plus another 12 million unemployed.

Another far left drone with their debunked far left religious dogma makes another failed post!

The BLM says he is a liar

Bureau of Labor Statistics Data

Stupid idiots don't even know what Stats to use.

There is nothing in your link to indicate 92 million of anything.

Bureau of Labor Statistics Data

12 million unemployed when Bush left office.

Bureau of Labor Statistics Data

80.5 million not in labor force when Bush left office.

If 30 million lost their jobs and 92 million "dropped out" under Obamaas the pathological liars say, then there would be 214 million people over age 16 not working now when they are added to Bush's numbers. The ENTIRE civilian labor force over the age 16 is 158.9 million so according to these moronic fools there are 55 million more people over the age of 16 not working than ALL the people over the age of 16 years old combined.

More far left religious dogma...

Spin it how you want Obama is a failure!

Worse than Bush! And you voted worse than Bush Twice!

Again an ignorant boob who doesn't know the difference between a number and a %.

The lie you are trying to defend is 30 MILLION workers lost their jobs and 92 MILLION workers dropped out of the workforce since Obama took office. That would yield a workforce participation rate of -25% (NEGATIVE twenty-five percent), not a +62.7% rate.