Unemployment Up 27% Since Innauguration

Discussion in 'Economy' started by Mad Scientist, Sep 18, 2009.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Bureau of Labor Statistics Data
    I don't get it. How can the Economy lose all those jobs under the skillfull, caring guidance of a Marxist?

    Your thoughts?
    Reply With Quote
     
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  2. Article 15
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    Article 15 Dr. House slayer

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    I hope you weren't looking to keep this thread flame free after that OP...

    My thoughts are that it is unrealistic to expect a dramatic turn around in the economy so soon after Obama took office.

    Be patient.
     
  3. Modbert
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    Modbert Daydream Believer Supporting Member

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    I may not agree with much of what Obama says anymore, however:

    1.) You cannot blame this downturn on Obama or at least not until the actions he take in office take full effect. If you haven't realized, the economy, housing market, etc burst long before unemployment spiked up. What finally happened was unemployment caught up with that.

    2.) It is now September 18, 2009. Barack Hussein Obama has officially kept us so far more safe than George W Bush and Dick Cheney ever did. So every night before you go to sleep, just remember that under this "Marxist" President that we haven't been attacked. :eusa_whistle:
     
  4. tigerbob
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    tigerbob Increasingly jaded.

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    How can a post be so disingenuous?
     
  5. editec
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    editec Mr. Forgot-it-All

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    Expect it to continue to get worse.

    FWIW, things would not have been any better had McCain won the election, either.
     
  6. Douger
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    Douger BANNED

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    Nuttin 2 it.:eusa_whistle:
    In a year you'll be longing for " the good old days", of today:eek:.
     
  7. edthecynic
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    edthecynic Censored for Cynicism

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    He still has quite a ways to go to match St Ronnie's 53% increase in UE from 7.2% to 10.8% after his inauguration.
     
  8. trueblue
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    trueblue Member

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    That's an interesting, politically-loaded accusation. The truth is that no matter who the president is, unemployment as an economic indicator always lags behind the other indicators. This is especially true at the end of recessions.

    If you think about it, it makes sense. Employers don't want to hire new people until they are sure their company is stable and growing again. A rising stock market means many companies are stabilizing and beginning to grow again-- and, if sustained, the unemployment numbers will soon follow.
     
  9. mascale
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    mascale VIP Member

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    TrueBlue gets "Bingo!" Clearly, with Bush-Cheney in office, and Paulson at Treasury busy bailing out bankers: Then no looking for work could expect to find any.

    Now there is Obama-Biden, Pelosi, Reid, Labor, and the Blue Dogs: And so the stock market is up, and the incentive to start looking for work is also up. Cash for Clunkers increased sales, and depleted inventories. Inventories are low. Inventory creation means employment.

    Next year, there will be stimulus money finally available to buy the inventory. There will be even more stimulus money available if state and local governments actually fire the people, holding back the stimulus-money.

    Vice-President Biden--who actually knows people in office--has repeatedly acknowledged that the stimulus-money was designed to build on all the other measures created to stem the financial collapse freefall. The idea was to create momentum.

    And then there came Cash for Clunkers, indicating what the refundable tax credit monies will do,

    "Crow, James Crow: Shaken, Not Stirred!"
    (University of California faculty need to know this. So far not many faculty anywhere know this, or other things. They subject of, "Why pay them?" however, never comes up. In California, at UC, they simply don't, as in "Ya know!")
     
  10. trueblue
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    trueblue Member

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    Cash for clunkers was a one-time success that has led to minimal job creation. It sounds like you're counting your chickens before they hatch.
     

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