Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
He did nothing in 6 months about the economy, it's shameful, scaring
He doesn't care about unemployed...
What do you want him to do that he isn't doing?
The conservatives on this forum say that there shouldn't have been a stimulus and the government shouldn't have bailed out GM and Chrysler. Now, this post complains that Obama did nothing. But conservatives were advocating doing nothing.
Actually, the stimulus was too small to begin with, as many economists confirm.
What then is to be done? There is no time for fatalism or for traditional political agendas. The central irony of financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it is resolved only by increases in confidence, borrowing and lending, and spending.
It is false economy to defer infrastructure maintenance and replacement when 10-year interest rates are below 3 percent and construction unemployment approaches 20 percent.
...
We averted Depression by acting decisively in 2008 and 2009. Now we can avert a lost decade by recognizing current economic reality.
stagnating wages, rising food, fuel and just about everything else. Jobs being shipped overseas and companies sitting on top of a lot of cash not hiring as they are doing more (or the same) with less. the country is strained to the breaking point, and hope and optimism have been replaced by anxiety and strife. "A bump in the road?" This is a sinkhole, And no on seems to know how to fill it. lest remind you it was once a place where ANYONE could rise to almost limitless heights. And it seems being just content with surviving is the new "American dream" and the populace has had enough. And something has to give. There will always be ups and downs, but America being unable to get off the canvas for years is unacceptable. We need to find the battering ram, and break down these gates of constraint!
The conservatives on this forum say that there shouldn't have been a stimulus and the government shouldn't have bailed out GM and Chrysler. Now, this post complains that Obama did nothing. Thus, conservatives were advocating doing nothing.
Actually, the stimulus was too small to begin with, as many economists confirm.
Other than adding about a million private sector jobs you mean, right?
.............. you do realize, Bob, that one needs to "add" 200,000 jobs per month to keep unemployment steady, don't you?
The "creation" of 1 million jobs means that Obama is down several million jobs of where we should be over his last two and a half years, thus the increase in unemployment rate and the increase in the number of people who have just stopped looking.
I would think, at this point, even liberals would wake up and realize that inflicting misery on the balance of the nation is not a good plan, even if the president is a democrat. However, hearing people around his forum talk, I have come to understand that the average liberal is really not concerned about unemployment, the debt, or annual deficits, as long as there is a dem in the White House. A decent standard of living for most Americans is simply irrelevent to them.
stagnating wages, rising food, fuel and just about everything else. Jobs being shipped overseas and companies sitting on top of a lot of cash not hiring as they are doing more (or the same) with less...
And that started with Obama taking the office? Wages in 2000 were higher than the wages anytime in the last 10 years. How is that not a sign of stagnation in wages? Food hasn't gotten cheaper, fuel costs have constantly risen (and NO President can control the prices, or else Bush should have done something about the prices in 2008?). Jobs started being shipped in 2001. If companies weren't sitting on cash and were hiring, why would there be a negative job growth over eight years BEFORE Obama took office?
Quote:
Originally Posted by hawkeye2009
.............. you do realize, Bob, that one needs to "add" 200,000 jobs per month to keep unemployment steady, don't you?
Private Sector Payroll, Jan 2001: 111.634 Million
Private Sector Payroll, Jan 2008: 115.610 Million (41K jobs added per month, only 3.976 Million jobs added during the period of very low "unemployment rate")
Private Sector Payroll, Jan 2010: 110.981 Million (4.6 Million jobs LOST in just the first year of the recession)
Private Sector Payroll, Jan 2010: 106.793 Million (8.8 Million jobs LOST during recession)
If, as you say, jobs should grow at 200K/month, 19.2 million jobs should have been added by Jan 2008. Did that happen?
FYI: those tax cuts for the rich were left in place throughout the two years Pelosi controlled the Congress and W was still in office, for the two years following when Democrats controlled the entire federal government and were extended by Obama AFTER the midterm election with help from the lame ducks.
"I asked former President Bill Clinton if he thought he got bad advice on regulating complex financial instruments known as derivatives from his former Treasury Secretaries, Robert Rubin and Larry Summers. He acknowledged that he was wrong to take the advice of those advising him against regulating derivatives."
This guy is worse than Bush. He's the worst President we've ever had. Every President has been getting worse for the last 50+ years. They've been bought off by big oil, banks, WallStreet, the MI complex etc. It's time to kick all these fools out of Congress and the White House. Obama is nauseating. The guy has never stopped campaigning. He's not a leader. He's a shill....a lackey.......a puppet. He does whatever he's told to do. He's a do nothing community organizer from Illinois. What ever made the American public think this guy was qualified to run the biggest economy in the world and the most powerful country on Earth? LOL............you get what you voted for American populace........let's just hope you're not as stupid as you are ignorant. What's next? Palin? Romney? Gingrich? Cain? ......................who knows maybe the people will wake up and actually vote for someone that goes against the grain.........maybe someone that believes in taking care of our country first............someone that believes in getting rid of the CIA, FED, and many other government agencies...............who could that be????? Oh it's that old kook who can't speak Ron Paul.....................or so they labeled him last election. If a Ron Paul doesn't get into the White House this country is done. It's bye bye middle class, bye bye small business owners, bye bye freedoms and liberties.
Obama is not the problem. The real problem is who is in Congress right now.
I find it amazing how people want to distort things by only reporting selective data. Unemployment rate is a better indicator thatn simply jobs added or lost. When we say jobs added or lost, do we know the context - number of jobs available, number of those already employed, total population looking for work, etc. Without those numbers, it is decieving to talk just jobs added or lost. Those who talk about jobs added or lost, I certainly could make the argument that jobs were added the first several yrs of Bushs term..and that jobs were lost the last few yrs - equaling a small number of total jobs added. Tiem horizon can be manipulated to give you the stats your looking for. Again this is disengenous...so we are suppossed to ignore the first 6-7 yrs of low unemployment during that time? Amateurs....
I find it amazing how people want to distort things by only reporting selective data. Unemployment rate is a better indicator thatn simply jobs added or lost. When we say jobs added or lost, do we know the context - number of jobs available, number of those already employed, total population looking for work, etc.
Unemployment Rate over four years (2001-2004)
2001 4.7
2002 5.8
2003 6.0
2004 5.5
Number of private sector jobs added: -916K
Unemployment Rate over four years, two decades earlier (1981-1984)
1981 7.6
1982 9.7
1983 9.6
1984 7.5
Number of private sector jobs added: +5.3 million
According to unemployment rate, 2001-2004 were the better years as far as employment growth goes?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Worrisome indeed...
