California jobless rate swells to 12.6 percent

Lumpy 1

Diamond Member
Joined
Jun 19, 2009
Messages
40,578
Reaction score
13,672
Points
2,290
I live in Lake County, CA.. the day Obama got elected the unemployment rate was 7.2%..

In January, 2010 it was 19.8%...

Yup.. a HELL.... of a job...
 

Lumpy 1

Diamond Member
Joined
Jun 19, 2009
Messages
40,578
Reaction score
13,672
Points
2,290
But your taxes are the lowest ever!

:lol:.... Now that's funny..... Funnier yet.. they wont be going any higher...

Who could possibly believe they could go higher...??:cuckoo:
 

LibocalypseNow

Senior Member
Joined
Jul 30, 2009
Messages
12,337
Reaction score
1,361
Points
48
Socialism/Progressivism doesn't work. California is sadly a perfect example of this. A failed Third World State at this point. It's very sad.
 

Wry Catcher

Diamond Member
Joined
Aug 3, 2009
Messages
51,323
Reaction score
6,455
Points
1,860
Location
San Francisco Bay Area
Q1 reports are out, and they're good!

And now is the time for all 'good' fringers to come to the aid of their ideology.
Soon the refrain will be, "but, but, but where are the jobs? "(the last two US Recessions ended well before hiring began)
Facts suck, don't they fringers?
"But, but, but what about the deficit?" Well Fringers, Bush II (yes, Booooooooooooosh) and the Republican controlled Congress spent your tax dollars - off budget. And now, President Obama is spending - on budget - for all to see.
Facts suck, don't they Fringers?
Your tax dollars spent wisely, to brink us back from the brink of a great depression, vis a vis, your tax dollars and loans from China spent on a war of choice in Iraq.
Facts suck, don't they Fringers?
"The Pig Book" is out, and ... WHAT?? Yes Fringers a Democratic controlled Congress has reduced the pork! (Of course the honorable Senator from Mississippi didn't help)
Now the party of "NO!" will cater to the hue and cry for fiscal responsibility, and the Fringe will again fall for the R's usual hate and fear tactics and lies that only the R Party is fiscally responsible.
Take your pick, Tax and spend on We the People; or Don't tax, borrow and spend on pork for the special interests (Haliburton and no bid contracts).
Facts suck, don't they Fringers?
 

Thinman

Active Member
Joined
Sep 3, 2009
Messages
539
Reaction score
92
Points
28
Very soon we will all be working for the state of California. It's going to be great!! Those evil corporations will be out and all the profit will go to the government which will make sure that we all get our share. They will, of course, make sure we have schools and roads, police and firefighters.

Isn't it wonderful!!
 

boedicca

Uppity Water Nymph
Joined
Feb 12, 2007
Messages
56,428
Reaction score
19,008
Points
2,250
Location
The Land of Funk
Q1 reports are out, and they're good!


Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.

That's why 15M people are UNEMPLOYED.

Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.

Romer: ‘It’s Aggregate Demand, Stupid’ - Real Time Economics - WSJ


The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.
 

Thinman

Active Member
Joined
Sep 3, 2009
Messages
539
Reaction score
92
Points
28
Business knows what to do in tough times. It's too bad that government doesn't.
 

Wry Catcher

Diamond Member
Joined
Aug 3, 2009
Messages
51,323
Reaction score
6,455
Points
1,860
Location
San Francisco Bay Area
Q1 reports are out, and they're good!


Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.

That's why 15M people are UNEMPLOYED.

Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.

Romer: ‘It’s Aggregate Demand, Stupid’ - Real Time Economics - WSJ


The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.

Of Course. And if there are more tax cuts everything will be wonderful! Each and every American will have have more money to spend freely and that will stimulate the economy - and all of this expansion will trickle down to you and me.
Worked for GWB and Sir Ronnie, ah, sort of...consider this:

Even as the economy shrank last year the divide between the richest and poorest of our citizens kept growing. In 1978 CEO's at the largest U.S. Companies earned 35 times as much as the average worker. Today that figure is more than 300:1 (source, Harvard Business Review).
Or this: "From 1979 to 2009, after adjusting for inflation, the highest earners in the U.S. saw dramatic growth in their earnings while the lowest earners make less than they did 30 years ago" (Source, Cornell U, Prof. Kevin Hallack.
And this: A gap between society's rich and poor can have ugly consequences, "Countries with greater income inequality have higher rates of teen pregnancy, infant mortality, obesity, mental illness, drug use, imprisonment, and homicide than countries where wealth is more evenly distributed (source, Epidemiologists Richard Wilkinson and Kate Pckett).

Now, consider this boedicca, much of the economic theory you believe is emotion based; your many posts simply parrot the propaganda of those who want your money (think big banks, insurance companies and the like). They (the evil corporations) don't really like you, or care anything about you but for the fact that you're any easy mark.
You are now free to call me a name. Have a nice day.
 

boedicca

Uppity Water Nymph
Joined
Feb 12, 2007
Messages
56,428
Reaction score
19,008
Points
2,250
Location
The Land of Funk
There aren't more tax cuts.

On balance, Obama has raised taxes by $700B - with the prospect of more to come. Deficit spending and piled up debt are sucking capital out of the private sector. If he continues on this path, job creation will be very moribund.

I'll match my knowledge of business and economics against yours any day. I can think for myself, an ability which you quite apparently lack.
 
Last edited:

skookerasbil

Platinum Member
Joined
Aug 6, 2009
Messages
35,631
Reaction score
4,236
Points
1,140
Location
Not the middle of nowhere



Its simply further no-brainer evidence that the road this president is taking us is the exact same and is unsustainable. As Churchhill said, "For a nation to try to tax itself into prosperity is like a man standing in a bucket trying to lift himself up by the handle.":lol:
 

Wry Catcher

Diamond Member
Joined
Aug 3, 2009
Messages
51,323
Reaction score
6,455
Points
1,860
Location
San Francisco Bay Area
There aren't more tax cuts.

On balance, Obama has raised taxes by $700B - with the prospect of more to come. Deficit spending and piled up debt are sucking capital out of the private sector. If he continues on this path, job creation will be very moribund.

I'll match my knowledge of business and economics against yours any day. I can think for myself, an ability which you quite apparently lack.

"There aren't more tax cuts"??? The R's are calling for tax cuts, as they usually do, as if a tax cut is the panacea for all economic ills.
Oh, and btw, please source your $700B comment. And if your so inclined, a brief outline of what Obama might have done differently. If you can think for yourself, and have considered the economic problems faced by the new president in January 2009, you must have thought this through (given your knowledge of business and economics). I await to be edified.
 

skookerasbil

Platinum Member
Joined
Aug 6, 2009
Messages
35,631
Reaction score
4,236
Points
1,140
Location
Not the middle of nowhere
Q1 reports are out, and they're good!


Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.

That's why 15M people are UNEMPLOYED.

Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.

Romer: ‘It’s Aggregate Demand, Stupid’ - Real Time Economics - WSJ


The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.

Of Course. And if there are more tax cuts everything will be wonderful! Each and every American will have have more money to spend freely and that will stimulate the economy - and all of this expansion will trickle down to you and me.
Worked for GWB and Sir Ronnie, ah, sort of...consider this:

Even as the economy shrank last year the divide between the richest and poorest of our citizens kept growing. In 1978 CEO's at the largest U.S. Companies earned 35 times as much as the average worker. Today that figure is more than 300:1 (source, Harvard Business Review).
Or this: "From 1979 to 2009, after adjusting for inflation, the highest earners in the U.S. saw dramatic growth in their earnings while the lowest earners make less than they did 30 years ago" (Source, Cornell U, Prof. Kevin Hallack.
And this: A gap between society's rich and poor can have ugly consequences, "Countries with greater income inequality have higher rates of teen pregnancy, infant mortality, obesity, mental illness, drug use, imprisonment, and homicide than countries where wealth is more evenly distributed (source, Epidemiologists Richard Wilkinson and Kate Pckett).

Now, consider this boedicca, much of the economic theory you believe is emotion based; your many posts simply parrot the propaganda of those who want your money (think big banks, insurance companies and the like). They (the evil corporations) don't really like you, or care anything about you but for the fact that you're any easy mark.
You are now free to call me a name. Have a nice day.





Wry..........I gotta tell ya s0n............that Reagan quote in your sig is about the stupidest signature Ive ever seen on the internet..........especially when one considers: The Reagan deficits compared to the Obama deficits is like comparing a grape to a watermelon.

Or perhaps this analogy might spark some measure of IQ...................


big_small-dog-791610-1.jpg




LMAO..........now Wry............unless you want to continue looking like you have the political IQ of a small soap dish, Id get that shit out of there s0n!!!



Oh...............and ps s0n..........nobody cares about George Bush anymore except the k00ks on the internet so perhaps a good idea to drop that from the vanacular was well.
 
Last edited:

skookerasbil

Platinum Member
Joined
Aug 6, 2009
Messages
35,631
Reaction score
4,236
Points
1,140
Location
Not the middle of nowhere
Just in case you still dont get it Wry.......................




Reagan AND Bush deficits

FLATCHEST-1.jpg





Obama deficits



bigboobs.gif







Wry bro.............shit like this isnt even debatable. ( see House Ways and Means report Jan 2010 )
 
Last edited:

boedicca

Uppity Water Nymph
Joined
Feb 12, 2007
Messages
56,428
Reaction score
19,008
Points
2,250
Location
The Land of Funk
"There aren't more tax cuts"??? The R's are calling for tax cuts, as they usually do, as if a tax cut is the panacea for all economic ills.
Oh, and btw, please source your $700B comment. And if your so inclined, a brief outline of what Obama might have done differently. If you can think for yourself, and have considered the economic problems faced by the new president in January 2009, you must have thought this through (given your knowledge of business and economics). I await to be edified.


Correct. There aren't more tax cuts. Obama is raising taxes with U6 Unemployment at 17%, and $10T of deficit spending in his 10 year budget.

I understated the net tax increase - it's actually more:


2009 Budget impact +1T
Stimulus tax reduction -.25T
ObamaCare taxes +.5T

The actual impact is closer to $1.2T


Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 - Political Punch
 

Wry Catcher

Diamond Member
Joined
Aug 3, 2009
Messages
51,323
Reaction score
6,455
Points
1,860
Location
San Francisco Bay Area
More than half of the T dollar 'increase' is not an increase, but allowing the Bush tax cuts to expire. You may spin this as a tax increase, but my choice is to point out the Bush tax cuts + the prosecution of the Iraq War (a war of choice) and the war on terror (and huge increase in the federal government) was ill advised and the consequences are huge public debt with interest payments due long into this century; this harmed us immeasurably.
The only real question is, was this a result of Bush&Co being incompetent, or an intentional act (see Grover Norguist and his comments on the federal government).
As an aside, one as 'knowlegable' as boedicca on economics must know, revenue for governance has been an issue since the Revenue Act of 1790. Debates on states rights, revenue and taxes, tariffs and such have been a central issue since before the Articles of Confederation were signed and one of many reasons why the confederation failed.
Debate on the issues noted above are ongoing and likely will be an issue 100 years from now. What is not at issue is this fact. The interest on Public Dept is enormous and cutting spending has always been the 'conservative' way (in words but never deeds) of reducing our indebetness. Yet the conservatives never lived up to their promises.
Today the only 'idea' to be expressed by Palin and Gingrich, McConnell and Beohner, is to cut taxes. They have no other ideas. Of course the farther right are now calling for nullification and secessation.
 

boedicca

Uppity Water Nymph
Joined
Feb 12, 2007
Messages
56,428
Reaction score
19,008
Points
2,250
Location
The Land of Funk
More than half of the T dollar 'increase' is not an increase, but allowing the Bush tax cuts to expire.


ROFLMAO!!!!!!

Allowing the tax cuts to expire IS an increase.

Tax rates will go up - in a very dismal economy. That's one of the reasons job creation is virtually non-existent. The taxes will hit small business - which create most jobs.
 

The T

George S. Patton Party
Joined
May 24, 2009
Messages
48,082
Reaction score
5,533
Points
1,773
Location
What USED TO BE A REPUBLIC RUN BY TYRANTS
More than half of the T dollar 'increase' is not an increase, but allowing the Bush tax cuts to expire.


ROFLMAO!!!!!!

Allowing the tax cuts to expire IS an increase.

Tax rates will go up - in a very dismal economy. That's one of the reasons job creation is virtually non-existent. The taxes will hit small business - which create most jobs.

Probably cut of the same cloth that thinks any increase in Gubmint spending not to their liking is a decrease.
 

New Topics

Most reactions - Past 7 days

Forum List

Top