Unemployment rate offically rockets over 10%!!!!

[PatekPhilippe]

Reagans economy allowed unemployment to rise to 10.8% FACT

The economy Bush left Obama was worse than the one Carter left Reagan FACT

Republicans Harding, Cooledge and Hoover drove us into the great Depression and stood by waiting for it to self correct FACT

FDR lead us out of the Depression FACT

The Depression would have ended sooner without FDR ....... OPINION

rightwinger a 2%er hyper-partisan LIBTARD kook....FACT

Sorry Patek.....I have to admit I didn't know what a two percenter was...so I had to look it up in the Urban Dictionary

two percenter
Two percent of the male population has an erect penis over nine inches.
He unzipped and pulled out his two percenter.

I'm sure your boyfriend has a good time with that.

 

[JakeStarkey]

The wing nuts of the far right simply don't have the facts and can't argue the situation to their favor.

You all think that may be why they are out of power and not gaining ground?

 

[LibocalypseNow]

Most non-political economists put the real Unemployment Number at 20%. Yup and they "Saved" all those Thousands of jobs too. I don't believe anything coming from this Administration at this point. It's all just one big lie.

 

[rightwinger]

How have the calculation of unemployment numbers changed in the last 20 years?

 

[JakeStarkey]

Most non-political economists put the real Unemployment Number at 20%. Yup and they "Saved" all those Thousands of jobs too. I don't believe anything coming from this Aministration at this point. It's all just one big lie.

No hard evidence, huh? Typical rightist loony talk.

 

[DiamondDave]

Historical FACT turns kids against their parents?

How dilusional are the right wingnuts?

When you leave out the historical facts such as dealing with double digit interest rates and inflation and the economy in the worst shape it has been in since FDR made enough mistakes to extend the great depression longer than it should have gone on... that is what is delusional... you idiot fucking winger

Reagans economy allowed unemployment to rise to 10.8% FACT

The economy Bush left Obama was worse than the one Carter left Reagan FACT

Republicans Harding, Cooledge and Hoover drove us into the great Depression and stood by waiting for it to self correct FACT

FDR lead us out of the Depression FACT

The Depression would have ended sooner without FDR ....... OPINION

Reagan had an employment rate climb to over 10%, fact
The economy was in MUCH worse shape when Reagan took over for Carter... ABSOLUTE FACT... again, look at all economic factors you ignorant moron
Many factors drove us into the depression.. and Hoover was a big part of that, fact
FDR Extended the depression with his bullshit socialist programs and his idiotic approach to the economy.. the WAR got us out of the depression... ABSOLUTE FACT

 

[rightwinger]

You have a problem telling between facts and opinions

Reagan had an employment rate climb to over 10%, fact
Agree

The economy was in MUCH worse shape when Reagan took over for Carter... ABSOLUTE FACT... again, look at all economic factors you ignorant moron

Close but no cigar, The Bush recession was the worst in 70 years, impartial economic indicators show how close to depression we came
Many factors drove us into the depression.. and Hoover was a big part of that, fact

Not a fact, Hoover took office in Jan 1929, market crashed in October...the die was cast. Where Hoover messed up was he insisted on allowing the market to correct itself for 3 years and put us in a deeper hole
FDR Extended the depression with his bullshit socialist programs and his idiotic approach to the economy.. the WAR got us out of the depression... ABSOLUTE FACT

Absolute Monday Morning Quarterbacking. No impartial evidence that FDR extended the Depression just right wing propaganda 50 years after the fact

 

[DiamondDave]

You have a problem telling between facts and opinions

Reagan had an employment rate climb to over 10%, fact
Agree

The economy was in MUCH worse shape when Reagan took over for Carter... ABSOLUTE FACT... again, look at all economic factors you ignorant moron

Close but no cigar, The Bush recession was the worst in 70 years, impartial economic indicators show how close to depression we came
Many factors drove us into the depression.. and Hoover was a big part of that, fact

Not a fact, Hoover took office in Jan 1929, market crashed in October...the die was cast. Where Hoover messed up was he insisted on allowing the market to correct itself for 3 years and put us in a deeper hole
FDR Extended the depression with his bullshit socialist programs and his idiotic approach to the economy.. the WAR got us out of the depression... ABSOLUTE FACT

Absolute Monday Morning Quarterbacking. No impartial evidence that FDR extended the Depression just right wing propaganda 50 years after the fact

You are a winger biased moron...

Again... look at everything including interest rates, inflation, etc... the economy was the worst under Carter, and that being the worst since FDR

And there has been tons of impartial evidence on FDR's mishandling... it is just you and ones like you stick your fingers in your ears and chant "la la Obama la la Obama"

 

[The T]

Most non-political economists put the real Unemployment Number at 20%. Yup and they "Saved" all those Thousands of jobs too. I don't believe anything coming from this Aministration at this point. It's all just one big lie.

No hard evidence, huh? Typical rightist loony talk.

Just like the evidence I've seen you NOT forthcoming with. Two-Way street Jakey.

 

[JakeStarkey]

Not at all, T. Either you produce the facts, or you lose. The claim is the unemployment rate is 10.2% So that is lower than Reagan's in his full third year. The OP has no relevance to anything, bub.

 

[saveliberty]

Two words for you Starkey. Jobless recovery.

 

[SFC Ollie]

Historical FACT turns kids against their parents?

How dilusional are the right wingnuts?

When you leave out the historical facts such as dealing with double digit interest rates and inflation and the economy in the worst shape it has been in since FDR made enough mistakes to extend the great depression longer than it should have gone on... that is what is delusional... you idiot fucking winger

Reagans economy allowed unemployment to rise to 10.8% FACT

The economy Bush left Obama was worse than the one Carter left Reagan FACT

Republicans Harding, Cooledge and Hoover drove us into the great Depression and stood by waiting for it to self correct FACT

FDR lead us out of the Depression FACT

The Depression would have ended sooner without FDR ....... OPINION

This economy is worse than what Carter left behind? I don't think so.

Where is the double digit inflation?

Where are the gasoline lines?

how about the double digit unemployment? Oh never mind we have that; NOW. 10 months later.

I am so glad I spent the last 3 1/2 years of the Carter Admin in Europe.

 

[DiamondDave]

When you leave out the historical facts such as dealing with double digit interest rates and inflation and the economy in the worst shape it has been in since FDR made enough mistakes to extend the great depression longer than it should have gone on... that is what is delusional... you idiot fucking winger

Reagans economy allowed unemployment to rise to 10.8% FACT

The economy Bush left Obama was worse than the one Carter left Reagan FACT

Republicans Harding, Cooledge and Hoover drove us into the great Depression and stood by waiting for it to self correct FACT

FDR lead us out of the Depression FACT

The Depression would have ended sooner without FDR ....... OPINION

This economy is worse than what Carter left behind? I don't think so.

Where is the double digit inflation?

Where are the gasoline lines?

how about the double digit unemployment? Oh never mind we have that; NOW. 10 months later.

I am so glad I spent the last 3 1/2 years of the Carter Admin in Europe.

The winger is delusional

 

[PatekPhilippe]

The wing nuts of the far right simply don't have the facts and can't argue the situation to their favor.

You all think that may be why they are out of power and not gaining ground?

[ame=http://www.youtube.com/watch?v=usTk_JIewPk]YouTube - little crybaby!!!![/ame]

 

[pinqy]

Untrue. The census worker collecting the data does not ask if you had benefits. They only ask if you're looking or not. In some cases those will be the same, in many cases not...especially those who never collected UI.

You are wrong. Is the census taken every month? I think NOT!!! The Census worker hasn't got jack shit to do with the unemployment rate.

The Census Bureau does take a monthly poll for this information. There is more of a correlation than Pinqy is admitting. Finally, the numbers are going to go up because the benefit extension will define more people as unemployed. Not a point A to point B relationship, but that will be the effect in the end.

The benefit extension will not define more people as unemployed because neither eligibility for nor receipt of UI benefits has ever been part of the definition. While it's possible that once benefits run out someone might decide to stop looking because they don't need to under UI rules, but I hardly think that would be the norm. That would really only apply in cases where the person doesn't want a job, and is only nominally looking (with no intention of getting a job) in order to maintain eligibility. Unless that's the majority of the cases (which I doubt), then I'm at a loss to what you think the relationship between extending eligibility and the Unemployment rate is.

 

[The Rabbi]

Obama has made policies that will actively discourage employers from hiring. No one is going to hire people when they don't know what mandates are going to be slapped on them for insurance and carbon and whatever else he has in the works.
But we aren't even there yet. The first thing to recover is overtime and contract work, and I haven't seen any evidence these are increasing.
Yes, Obama inherited a bad economy. But what has been his response to that? To raise taxes and beat up on business and concentrate his efforts on job-killing legislation. None of that is going to make things better. He is out of touch and not competent to handle this task.

 

[JakeStarkey]

Rabbi has it backward. The last things to recover, in order, are over time (I doubt that is stagnant anymore), contract work, and employment, not the first. They are market laggers, not leaders.

Rabbi, much of what you write is backwards or simply wrong. Either you are ignorant about these matters or you are deliberately lying.

 

[rightwinger]

Rabbi has it backward. The last things to recover, in order, are over time (I doubt that is stagnant anymore), contract work, and employment, not the first. They are market laggers, not leaders.

Rabbi, much of what you write is backwards or simply wrong. Either you are ignorant about these matters or you are deliberately lying.

He knows perfectly well that jobs follow a recovery. But he must skew the facts to fit his argument

 

[rightwinger]

When you leave out the historical facts such as dealing with double digit interest rates and inflation and the economy in the worst shape it has been in since FDR made enough mistakes to extend the great depression longer than it should have gone on... that is what is delusional... you idiot fucking winger

Reagans economy allowed unemployment to rise to 10.8% FACT

The economy Bush left Obama was worse than the one Carter left Reagan FACT

Republicans Harding, Cooledge and Hoover drove us into the great Depression and stood by waiting for it to self correct FACT

FDR lead us out of the Depression FACT

The Depression would have ended sooner without FDR ....... OPINION

This economy is worse than what Carter left behind? I don't think so.

Where is the double digit inflation?

Where are the gasoline lines?

how about the double digit unemployment? Oh never mind we have that; NOW. 10 months later.

I am so glad I spent the last 3 1/2 years of the Carter Admin in Europe.

Boys...boys..

Just because FoxNews says it is so, doesn't make it so. This is the worst recession in 70 years

A Global Breakdown Of The Recession In 2009 - Forbes.com

With the industrial world already in outright recession and the emerging world navigating toward a hard landing (growth well below potential), I expect global growth to be flat (around -0.5%) in 2009.

This will be the worst global recession in decades as the fallout of the most severe financial crisis since the Great Depression took a toll first on the U.S. and then--via a variety of channels--on the rest of the global economy.

Here is a global breakdown of my forecast.

The United States economy is only halfway through a recession that started in December 2007 and will be the longest and most severe in the post-war period. U.S. gross domestic product will continue to contract throughout all of 2009 for a cumulative output loss of 5%.

 

[The Rabbi]

Rabbi has it backward. The last things to recover, in order, are over time (I doubt that is stagnant anymore), contract work, and employment, not the first. They are market laggers, not leaders.

Rabbi, much of what you write is backwards or simply wrong. Either you are ignorant about these matters or you are deliberately lying.

He knows perfectly well that jobs follow a recovery. But he must skew the facts to fit his argument

No, dipshit. First comes overtime and contract work, as far as employment goes. There are plenty of other leading indicators prior to that. The last thing is regular employment. Employers will work their existing employees for longer hours or hire temps before they commit to permanent positions.
But we haven't even seen the beginning of overtime/contract labor expansion. That tells me unemployment will continue to get worse, not better. This is partly because of the nature of recoveries and mostly because of Obama's policies which discourage capital formation, investment, expansion, and employment.