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About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.
Aye, that stimulus worked wonders, didn't it?
Who knew this is what obama meant when he said he would "transform" this nation?
To add to it, despite of the rosy unemployment rate presented, and especially first four years of Bush presidency with republican congress on his side, and pretty much all republican policies in effect, the job growth was horrendous. Only the housing bubble made the losses respectable (if we can call it that).
But lack of recognizing this fact is the perfect reason for politicians, who are more concerned with pushing for their ideology and personal benefits, to take advantage of such idiots that happen to be the voters.
Don't forget Clinton and his NAFTA which resulted in many millions of jobs being sent out of this country.
Without manufacturing, what was there for the Bush economy but the false housing economy?
Anyone with a brain knew that couldn't last - but it really was Clinton working for the globalists - the NWO and the export of so many good jobs.
Don't forget Clinton and his NAFTA which resulted in many millions of jobs being sent out of this country.
Without manufacturing, what was there for the Bush economy but the false housing economy?
Anyone with a brain knew that couldn't last - but it really was Clinton working for the globalists - the NWO and the export of so many good jobs.
I think you forgot that NAFTA as a great idea began in the 1980s, and was a done deal while H W Bush was in office. You, the "conservatives" should thank the Canadians for delaying the formal sign off, so you can blame Clinton for signing it off for the rest of your lives, and as an excuse for the horrendous policies that became signature of Bush Presidency.
Having said that, why did it take until Bush's arrival, his and the republican tax cuts on the idea that... if you cut taxes, you get them to invest at home. But, "they" were, clearly, investing in India (not a part of NAFTA), China (not a part of NAFTA), Malaysia, Philippines... But, "we must blame Clinton", "we must blame Clinton".
Somehow, during Clinton's Presidency, and despite NAFTA being in place, average payroll on manufacturing was about 17 million jobs. Bush and the republican policies step in, and there is a free-fall. I can see manufacturing affected by recessions, but never in great times as we were witnessing in 2003, 2004, 2005, 2006 and 2007, right?
It's just a bump in the road people. Nothing to worry about. UE will be back to 5% by the end of the year!
Wouldn't you love the unemployment rate through 2001 recession (4.7% in 2001)? The problem? Forget about adding even 83K jobs. The private sector was LOSING 100K to 200K jobs a month in 2002 and the unemployment rate was very respectable. You seem to be completely out of touch with the realities, where this economy had been since 2007 (I would dare say... since 2001).
The taxation of individuals, corporations, and capital gains are near 60 year lows. Anybody that thinks taxation is the answer to economic problems when Coporate America is making record profits and the disparity between the wealthiest Americans and the poorest is at historic highs has been totally manipulated by the Conservative Movement and uneducated and misinformed about the economic history of this country.
The reality is that Corporate America is taking American capital and American jobs and shipping them to low wage emerging market countries around the world and making massive profits. There is no tax cut or change in regulation that is going change the fact that a textile worker in China makes about $200 a month, a worker in a solar panel factory makes $1.80 in China, or certified public account in Sri Lanka makes $5900 a year whilel one in the United States makes $60,000.
The American people are being sold out by Corporate America. If you don't realize this you either aren't paying attention, you are too distracted by 200 channels of high def cable, or you are simply too f**King stupid to realize what is going on.
Not true. Factory workers in Japan and Germany are higher paid than US factory workers. The difference? The Japanese do not have NAFTA and China most favored nation trade status, and they have a corporate tax structure that promotes manufacturing exports via a "consumption" tax. Lastly, they do not have the burden of class action law suits and a regulatory environment to the same extent in America.
We CAN have higher paying factorty jobs and maintain US industry. We have the forces of liberalism which are undermining US factory jobs and the middle class, yet the liberals scream the loudest about the policies they developed.
I think you forgot that NAFTA as a great idea began in the 1980s, and was a done deal while H W Bush was in office. You, the "conservatives" should thank the Canadians for delaying the formal sign off, so you can blame Clinton for signing it off for the rest of your lives, and as an excuse for the horrendous policies that became signature of Bush Presidency.
Having said that, why did it take until Bush's arrival, his and the republican tax cuts on the idea that... if you cut taxes, you get them to invest at home. But, "they" were, clearly, investing in India (not a part of NAFTA), China (not a part of NAFTA), Malaysia, Philippines... But, "we must blame Clinton", "we must blame Clinton".
Somehow, during Clinton's Presidency, and despite NAFTA being in place, average payroll on manufacturing was about 17 million jobs. Bush and the republican policies step in, and there is a free-fall. I can see manufacturing affected by recessions, but never in great times as we were witnessing in 2003, 2004, 2005, 2006 and 2007, right?
Yup! To be quite honest, we would all be a lot better off right now if Nixon had kept that door to China shut.
Just a factoid. For all of you who think the recession hasn't touched the public sector. The states have laid off or ended 500,000 public sector jobs since 2008.
Except that when Bill Clinton proposed tax increases, the right-wing predicted that the result would be slow growth, reduce tax revenues, and likely cause a recession. Instead, of course, the economy boomed and revenue skyrocketed. Then George W. Bush cut upper-bracket tax rates, and the right-wing predicted that this would cause the economy to grow even faster. Instead, the economy didn't grow and tax-revenue not only didn't grow but fell. It is rare that events so utterly repudiate an economic theory.
You would think that faced with evidence that repudiated there foundation ideology, conservatives would stand back and re-evaluate that ideology's truth. If I had a belief that the sky was red, looking up would conclude that theory is wrong. Instead, the right-wing faced with the choice of admitting that the ideology they followed for years is wrong or saying the evidence doesn't matter, find it more convenient to disregard the evidence. It's like a smoker presented with evidence of the dangers of smoking and then responding, "I know a 70 years old man who smokes since he was 20 and who is very healthy".
Psychologists call that cognitive dissonance and that's exactly what "the economy was doing well for most of Clinton's term(s) despite him, not because of him," sounds like.
Three words: The Internet Boom. That's why I said the economy did well in spite of Clinton, not because of him.
Three words: The Internet Boom. That's why I said the economy did well in spite of Clinton, not because of him.
...and Bush had the housing boom but even during the peak it never achieved the kind of job growth that was routine in the Clinton years nor a revenue surplus.
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