The lost generation and the Great Obama Depression

Discussion in 'Politics' started by Doc91678, Dec 8, 2012.

  1. Doc91678
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    The lost generation and the Great Obama Depression​


    By: Judson Phillips
    12/8/12

    Many times numbers and statistics are simply thrown at us. It is almost a mind blurring information overload.

    If we take the time to look inside the numbers, what the numbers show is frightening for America.

    How bad is the Great Obama Depression and what is it doing to America?

    Looking at statistics in other ways, the full impact of the Great Obama Depression is evident. Since Obama became President in 2009, four million jobs have been added for workers age 55 and over. For those under age 55? They have lost three million jobs. For workers who would be in their prime years (25-54) 2.5 million jobs have been lost!

    (Excerpt)

    Read more:
    at teapartynation.com ...
     
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  2. Mac1958
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    Mac1958 Platinum Member

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    .

    :rolleyes:

    .
     
  3. Old Rocks
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    Old Rocks Diamond Member

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    LOL. The Obama Depression, eh? And it officially started Oct, 2008. Now who was President at that time? You Teabaggers are a hoot!
     
  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Well we do know that Pelosi and Reid were in control of Congress and controlled 66.6% of the power. We also know their lack of oversight and lust for even more power despite warnings from Bush completely screwed over the country for many years to come..Yup
     
  5. Doc91678
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    Is that like the recession that started in Sept 2000 while Clinton was president?


    Bush's Bushwa

    The president and his aides keep lying about when the recession started.

    By Daniel Gross|
    Dec. 30, 2002

    President Bush opened his final radio address of the year this way: "In 2002, our economy was still recovering from the attacks of September the 11th, 2001, and it was pulling out of a recession that began before I took office."

    Bush concluded 2002 with the same dishonesty that defined his economic policy throughout the year—a mendacity that ranged from denying the tax cut had anything to do with the re-emergence of the deficit to arguing that the terrorism insurance bill would create 300,000 construction jobs.

    In fact, there is no evidence that the economy was in recession when President Bush took the oath of office on Jan. 20, 2001. Yes, growth was slowing, and the longest expansion in American history was running out of steam. But the U.S. economy did not go into recession until Bush's presidency, according to both of the most accepted definitions.

    One definition of recession is two consecutive quarters with a declining gross domestic product. By this measure, the economy was explicitly not in recession when Bush took the oath of office on Jan. 20.

    According to the Commerce Department, the economy grew (albeit slowly) in both the third quarter and the fourth quarter of 2000, by 0.6 percent and 1.1 percent, respectively. GDP did decline in the first three quarters of 2001. So Bush would have been accurate in saying that "when I was inaugurated, the economy was three weeks into the first of three consecutive quarters in which GDP declined."

    That definition of recession is a pretty blunt instrument. It doesn't indicate exactly when a recession begins, which is why economists rely on the more precise measurements of the National Bureau of Economic Research, the official arbiter of recessions and expansions. (Read this " Explainer" to learn how NBER works.) NBER has been run since 1977 by Harvard economist Martin Feldstein, an architect of the Bush tax cut and an intellectual mentor to many prominent Republican policy-makers, including Glenn Hubbard, chairman of the White House Council of Economic Advisers.


    Read more:
    Bush's bushwa. - Slate Magazine
     
  6. J.E.D
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    J.E.D What's tha matta?

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  7. hazlnut
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    hazlnut Gold Member

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    Teatard Nation?

    How's it going in the Land Of Obscurity?

    The Teabagger movement is now officially just a footnote in history.... if that.
     
  8. OKTexas
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    OKTexas New Life Member of the NRA 12/15 Supporting Member

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  9. Oldguy
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    Where do you GET this stuff? I mean...you constantly spam the boards with some of the most ridiculous, outrageous, infantile nonsense I believe I've ever seen, and I've been to 2 world fairs, the circus and a Mexican goat-fuckin.'
     
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  10. Lumpy 1
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