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Old 09-06-2012, 08:02 PM
 
Location: Maryland
628 posts, read 826,153 times
Reputation: 180

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Quote:
Originally Posted by HappyTexan View Post
The recession "officially" ended in June 2009. For the past 3 years the Dems have cheered good reports and ignored bad reports while the Repubs have done the opposite.

It could be another 10 years before we inch out of this. This is a global crisis, not a US only crisis.

And FWIW I don't believe that we ever "exited" this recession; I think we're in a depression.
It might be--while economic decline stopped in 2009, growth has been very sluggish. We're nowhere near where we were in 2007. Economists are calling it the Great Recession because no one likes the word Depression.

What we call the Great Depression was a horrible recession (much worse than 2007, although 2007 was the worst since the Great Depression), a sluggish recovery (nowhere prior to 1929) and then another recession (which, incidentally, is thought to be at least partially caused by FDR's attempt to balance the Federal budget in 1937.

Great Recession vs. Great Depression


Great Recession vs other postwar recessions


Article I got the charts from.
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Old 09-07-2012, 02:39 PM
 
51,748 posts, read 41,667,338 times
Reputation: 32301
The official jobs report came out. Ouch.
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Old 09-07-2012, 02:42 PM
 
Location: Houston, Tx
8,260 posts, read 9,539,899 times
Reputation: 8198
Quote:
Originally Posted by enemy country View Post
Americans doing well makes some very angry.
ADP Private-sector jobs rise, initial claims fall - Sep. 6, 2012
Talk to me when the umployment rate goes below 5%.
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Old 09-07-2012, 02:44 PM
 
Location: Pa
20,310 posts, read 19,434,727 times
Reputation: 6523
Quote:
Originally Posted by 14Bricks View Post
Talk to me when the umployment rate goes below 5%.
I would be happy with 6%
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Old 09-07-2012, 02:44 PM
 
Location: Houston, Tx
8,260 posts, read 9,539,899 times
Reputation: 8198
Quote:
Originally Posted by mateo45 View Post
OK, so Obama is "incompetent", Hitler, the Great Satan, whatever.... so what, exactly, has the GOP been doing to help jobs... aside from constantly pulling stuff like this?!

GOP senators block top Obama jobs initiative

Republican "Jobs Bills" Won't Actually Create Jobs, Say Economists

Senate Republicans Block Another Jobs Bill, Face Backlash From American Public
The method Republicans have used to block all jobs legislation in the past two years is the same. A jobs bill comes up, it is filled with positive things for the economy, Republicans filibuster debate, this shields them from having to make floor speeches on why they don't want tax breaks for small businesses... etc.

Why? Well, if the economy recovers too strongly before an election, Republicans will lose power. If jobs numbers look too good, people will want to keep the same party. By Republicans blocking all jobs legislation and keeping jobs numbers from improving they believe this is their ticket to power.

In other words, if you and other Americans suffer just long enough it will pay off for Republicans.
Democrats cry more than my three year old nephew. Regardless of the reason you admit Obama has not gotten it done? That he's a ineffective leader?
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