Obama Democrats and Historical Unemployment

Discussion in 'Economy' started by Sinatra, Jul 21, 2010.

  1. Sinatra
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    Sinatra Senior Member

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    Check out this graph - what you see here is a look at the median duration of unemployed. At no time in the last 50 years have so many been unemployed for so long. Clearly President Obama and the Democrat Congress have only worsened the stagnant American economy with their ridiculous Big Government special interest "stimulus" programs.
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    Here is what The Atlantic has to say about this graph...

    The Scariest Unemployment Graph I've Seen Yet

    The median duration of unemployment is higher today than any time in the last 50 years. That's an understatement. It is more than twice as high today than any time in the last 50 years.

    http://www.theatlantic.com/business...ariest-unemployment-graph-ive-seen-yet/60086/
    _____

    [​IMG]
     
  2. Sinatra
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    Sinatra Senior Member

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    Another point of interest is the quite dramatic decline in the same type of unemployment that followed the Reagan Administration's Supply Side policies of the early 1980s. Now THAT is an economic recovery. Not even the tech boom era of the Clinton-Republican Congress of the 1990s produced such substantial reductions of unemployment following a recession.

    What America now appears to suffer from is the opposite of Reagan's Supply Side policies - an Obama administration and Democrat Congress who have initiated a HUGE expansion of government programs, ever increasing regulation, higher taxes, and a the most aggressive anti-business tone to come out of Washington DC in our lifetimes.
     
  3. topspin
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    topspin BANNED

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    supply side would help a ton, but I fear globalization has permanently removed the non skilled jobs for those that are still unemployed.
     
  4. Sinatra
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    Sinatra Senior Member

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    Supply side is what MUST be initiated post haste to get us out of this deep recession.

    Trillions are sitting on the sidelines because business is running in fear of what is coming next.

    Look at the tech boom - millions of jobs created that continue today - not only in the production, but the service industries. The tech boom was a direct result of the non invasive government stance initiated in the 1980s.

    What we have today is the opposite - BIG GOVERNMENT statism initiated at a shocking scale has all but frozen the American economy - and the working class is suffering the most because of it...
     
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  5. Gremlin-USA
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    Gremlin-USA <<< Me in 1970

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    And why would business be afraid of hiring? Could it have anything to do with the fear of upcoming taxes, forced new regulations, HC mandates, anything like that?


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  6. Sinatra
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    Sinatra Senior Member

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    You are exactly right - another article today outlined a new "wrinkle" in the Obamacare plan - it would add 10 - 20 THOUSAND new tax forms to small businesses regarding any transaction over $600.

    My God people - wake up and see what is being unfolded before you! These Obama Democrats are engaging in an all out war against American small business. There is no other way to see but as that...
     
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    If we actually deported illegals that graph would come down. How much of a chunk does adding 20 million legit jobs do.
     
  8. Toro
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    Toro Diamond Member

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    Money is sitting on the sidelines because business fears what's coming next, but what the government is doing is only a minor part of it. Money is sitting on the sidelines because the economy is in the midst of a credit collapse induced deflation caused by excess capacity in the real economy and excess credit creation. Lowering tax rates will do little, as we've seen given that total tax cuts have been $163 billion since the stimulus was signed.

    The differences between the early 80s and today are massive. Applying the same remedies and analogizing the two periods is like prescribing the same treatments for cancer and heart disease.
     
    Last edited: Jul 21, 2010
  9. Toro
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    Toro Diamond Member

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    It would increase costs and squeeze profit margins, causing less employment in the industries in which the illegals were employed. It would also cause prices to rise.

    That's not an endorsement. That's just the economics.
     
  10. Big Fitz
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    Big Fitz User Quit *****

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    We are left with two possiblities.

    1. The government is incompetent at a level never before seen in history from congress to the President and possibly the SCOTUS. They never knew what they were doing, hoping to just coast on campaign rhetoric and having no real experience in running anything of importance are incapable of doing the right thing for they are blinded by their ideology that just has no skin in the reality game.

    OR

    2. The administration and congress are doing precisely what they desire in an effort to destroy this nation, create enough anarchy and chaos in which people will gladly give up the constitution to their fascist government to follow where they will have power in perpetuity, and are hoping that the big lie and people's disbelief on such an awesomely horrible plan is being undertaken.
     

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