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95 million Americans are still unemployed. The Washington post, yes the post, is saying the economy is really in poor shape that will be handed to Trump.
Most people believe that Trump will not continually blame the previous administration for all the economic woes and their inability to get the economy moving.
So how bad is the current economy that Trump will work to repair?
Starting your first sentence with the lie that 95 Americans are unemployed makes the rest unreadable.
It's a heck of a lot stronger than the one his predecessor inherited.
That is a lot of BS. Ever heard of leads and lags?
Obama inherited an economy that was on the verge of taking off and improving. Even with Micky Mouse as President the economy would have done well all by itself or perhaps even better than under Obama.
Now it's starting to move into the opposite direction and Trump will have his hands full to repair the damage done by Obama.
I know this is all very difficult for the Obama supporters to understand, but, I do not care. Have a nice evening.
Starting your first sentence with the lie that 95 Americans are unemployed makes the rest unreadable.
I think you meant 95 Million.
Yes, some people have difficulty distinguishing between "unemployed" and "not seeking work."
As I pointed out, 42,017,000 Americans are aged 65 or older and receiving Social Security Retirement benefits. They ought not be working, but about 18% work anyway, probably because they're or bored silly, or maybe because they need/want the extra money.
Out of that 95 Million, there are 13.3 Million who not only ought to be seeking employment, but should be working, yet they are not. The majority of those 13.3 Million are rural Americans, whose only source of employment closed up, and there's just nothing else available in their county or in any of the neighboring counties.
That is a lot of BS. Ever heard of leads and lags?
Obama inherited an economy that was on the verge of taking off and improving. Even with Micky Mouse as President the economy would have done well all by itself or perhaps even better than under Obama.
Now it's starting to move into the opposite direction and Trump will have his hands full to repair the damage done by Obama.
I know this is all very difficult for the Obama supporters to understand, but, I do not care. Have a nice evening.
Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008. The loss since November is the biggest 3-month drop since immediately after the end of World War II, when the defense industry was shutting down for conversion to civilian production.
That is a lot of BS. Ever heard of leads and lags?
Obama inherited an economy that was on the verge of taking off and improving. Even with Micky Mouse as President the economy would have done well all by itself or perhaps even better than under Obama.
Now it's starting to move into the opposite direction and Trump will have his hands full to repair the damage done by Obama.
I know this is all very difficult for the Obama supporters to understand, but, I do not care. Have a nice evening.
You're too young to recall 2008/9 and the Great Dubya Recession.
You're too young to recall 2008/9 and the Great Dubya Recession.
Glad I wasn't drinking anything cause I would of spit it out after reading that poster. OMG, we have a major problem in this country if this poster represents a large portion of the electorate. Too young or too dumb (they hate PC culture so I hope I don't offend them - NOT). LOL
Yes, some people have difficulty distinguishing between "unemployed" and "not seeking work."
As I pointed out, 42,017,000 Americans are aged 65 or older and receiving Social Security Retirement benefits. They ought not be working, but about 18% work anyway, probably because they're or bored silly, or maybe because they need/want the extra money.
Out of that 95 Million, there are 13.3 Million who not only ought to be seeking employment, but should be working, yet they are not. The majority of those 13.3 Million are rural Americans, whose only source of employment closed up, and there's just nothing else available in their county or in any of the neighboring counties.
So what is the solution for rural Americans that refuse to leave their unemployed rural lifestyles to look for work in other places? The US cannot and should not be subsidizing employment just so that people in random rural areas can have jobs. The Republicans believe Americans should pull themselves up by the bootstraps, if someone is unwilling to look for work, then why should we be concerned that they are choosing to be unemployed?
Your point about people over 65 working is for the most part accurate. My mother is over 65 and still works a few days a week because it gets her out of the house, gets her extra spending money, and it prevents her from killing my dad when he gets on her nerves too much.
So what is the solution for rural Americans that refuse to leave their unemployed rural lifestyles to look for work in other places?
The solution is for them to elect good county/city and State government who will cut red-tape and other job creation impediments to bring jobs to rural areas.
Someone can be simultaneously an amazing president and also do things with which I deeply disagree.
President Obama's installation of Janet Yellen in the Fed through the single most obstructionist Congress in history is one such example. That was a master class in politics, power, and management.
I also happen to staunchly disagree with his policy on whistleblowers, the use of drones, and the massive expansion of the security state. Although, in retrospect, I think the latter was inevitable.
No one thinks the war in Iraq was anything other than a godawful nightmare and a terrible decision.
Would I vote again for Obama? Absolutely, unless the Republicans do the impossible and trot out a candidate that doesn't sound like a madman spouting insanity.
By the by, the real problem with approving the war in Iraq was that we were already involved in Iraq. Setting aside the ridiculous lies by Cheney and Rumsfeld, our military was already being used there.
But to the point of the national debt, the blame is of course on the Bush administration for demanding tax cuts while we waged two wars abroad.
I don't want to hear anyone like you complain about the national debt, ever, unless you also admit that corporations should actually pay taxes. Until then, middle America is going to be stuck with the bill while the wealthiest citizens and major corporations pay nothing.
"No one is trying to have it both ways."
It is NOT my fault you can't accept reality.
"the single most obstructionist Congress in history is one such example" A lie
"Would I vote again for Obama? Absolutely" No kidding!
The rest is just MORE dem unfounded drivel.
You want to talk about the Bush tax cuts? OK. Lets look at it.
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”"
Bush's debt and deficits were fueled almost entirely from the wars, Katrina, and all of the other bad luck events that happened under his watch.
Unfortunately for Bush, his time in office never saw a break in terms of bad luck. Regardless of all this bad luck, he managed to control the 2001 recession and bring unemployment back down to healthy levels again (less than 5%). Bush managed to get the economy back on its feet, and given the fact that we were in two wars and had Katrina hit during 2005 (near the peak of the economy), I think he did a fantastic job managing everything.
In addition, he managed to steadily reduce our increase in public debt and our deficit near the end of his final term. It only started to rise again in 2008. (AFTER the dems took back control of the House) If Bush had more time in office, I am very confident he could have gotten this economy stabilized and back on its feet again in much shorter time than Obama. Unemployment would not have gone higher than 9% I'm thinking either. In fact even during the 2001 recession, unemployment never got higher than 6.3%!
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OK, I get it...
