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Well, now hold on there. Didn't you say your stimulus bill would keep unemployment below 8% and would create millions of jobs?
Liar.
You don't have to tell me. I'm in Wayne County MI. This is without a doubt the belly of the beast. I talked with a guy yesterday who was filling out a job application. He said that he had been looking for a job for six months. Thing is if your here, looking for a job is most likely a wast of time. Every manager has hundreds of job applications on his or her desk. Lots of people have simply abandoned their houses and left the state. I guess we're the new "Okies". House prices are hysterical. A young lady I work with just purchased a house for $3K. My employer paid a half mil a few years ago, now it's work $140K. The banks don't know what do because no one is going to stay in a house when they owe three times its going price. I owe $90K on mine, but I know the present day value is about $30K. My sister lost hers (same type as mine) about two years ago and it ended up selling for $39K. Prices have fallen since then.
If my family were not tied to Michigan, I'd leave too.
I don't know why people take predictions as hard-facts. I wouldn't have cared if he had stood there on a stack of Bible's, with an American flag in one hand and the Constitution in the other while hooked up to a lie detector - there's no way of knowing what's going to happen.
I guess some people won't be happy until unemployment is 100% - then even Obama will be out of a job and they can stop complaining about him and how he's ruining the country.
Just once I would like to see realistic predictions. Planning for the best case scenerio is just stupid. It is time we demand honesty from our politicians. You plan for the worst..hope for the best.. how much more simple can it be for our idiots in charge?
Ya, we all know what the unemployment rate is, and it's going to to get worse. We know the weather, our names, and if we have socks on. These redundant posts are asinine.
Maybe we could have one unemployment thread. Or at least some discretion when starting a topic
I can understand why you're angry. You'd much rather be talking about Palin or Bush right now.
They also prefer to find someone to blame than to try and see what can be done to fix a problem...that may come from generations of people raised to sue others.
Re: unemployment as a lagging indicator. In past recessions that has been the case. But apparently this recession is so deep that this bit of conventional wisdom does not apply. Mort Zuckerman, the editor of U.S. News and World Report, has an op ed in today's WSJ titled "The Economy is Even Worse Than You Think" in which he explains his belief that we can't rely on the "lagging indicator" trope to make ourselves feel good this time around. Indeed, he paints a pretty grim picture of the state of the economy and doesn't expect it to rebound in 2010 as many economists (and the Obama administration) are predicting. It's worth a read.
They also prefer to find someone to blame than to try and see what can be done to fix a problem...that may come from generations of people raised to sue others.
With a Government full of Lawyers that will not change unfortunately.
Wait a sec...... Under who's watch did TARP pass?? Wasn't that Bush's baby? Wasn't it supposed to free up credit so we could get the economy moving again?
Well, I guess if we can give a failing grade to the Stimulus Bill when only 20% of the money has even been allocated, then we can DEFINATELY declare TARP a failure.....
Oh, but wait.... This is all Obama's fault....
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