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If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
because companies are that are sitting on huge stacks of cash are not hiring the workers they need.
IE, if the banks hired the workers they needed we wouldn't have learned what "ROBO-SIGNING was.
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
see above.
If the economy is getting better, then why has the number of homeless female veterans more than doubled?
because of gaping holes in the "safety net", who is advocating cutting benefits???
If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
see above. because of Bush's GREAT RECESSION.(better refine that one, Obama has only been in office 3 years and 1 month...)
If the economy is getting better, then why is the percentage of Americans living in “extreme poverty” at an all-time high?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why has the number of Americans living below the poverty line increased by 10 million since 2006?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why are 19 percent of all American men between the ages of 25 and 34 living with their parents?
see above. because of Bush's GREAT RECESSION.
When Barack Obama first took office, the number of “long-term unemployed workers” in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.'
"So what is going to happen when the federal government stops injecting gigantic waves of borrowed money into the economy"
What was your alternative to raising the money stock?
I also must note the many fallacies in this thread:
'we'll be like Greece.' No, we won't. Greece is suffering because it doesn't have it's own currency.
'all the money went to the banks.' No, money supply went into the private economy.
'it's all about ridiculous spending' No, it's not. Most of the current deficit is a combination of reduced revenue and spending because we're in a severe economic downturn. End of story.
If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
because companies are that are sitting on huge stacks of cash are not hiring the workers they need.
IE, if the banks hired the workers they needed we wouldn't have learned what "ROBO-SIGNING was.
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
see above.
If the economy is getting better, then why has the number of homeless female veterans more than doubled?
because of gaping holes in the "safety net", who is advocating cutting benefits???
If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
see above. because of Bush's GREAT RECESSION.(better refine that one, Obama has only been in office 3 years and 1 month...)
If the economy is getting better, then why is the percentage of Americans living in “extreme poverty” at an all-time high?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why has the number of Americans living below the poverty line increased by 10 million since 2006?
see above. because of Bush's GREAT RECESSION.
If the economy is getting better, then why are 19 percent of all American men between the ages of 25 and 34 living with their parents?
see above. because of Bush's GREAT RECESSION.
When Barack Obama first took office, the number of “long-term unemployed workers” in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.'
see above. because of Bush's GREAT RECESSION.
the housing collapse is due to the democrats. Bush tried to stop it , Greenspan warned us of the housing bubble for years and the dems ignored it just like they are ignoring what inept Obama's agenda is eroding our tax base with his throwing away money on his pet green agenda.
The democrats will find out just what Beck was warning us of.. the inflation of food and gas. This will touch the poor and middle class first and it will not be pretty .
If one thinks Obama cares about the poor you are sadly mistaken. He would make sure the tax base would grow but no,his big government ideas are killing the economy. Our debt will eventually kill us and throw us into a major depression unlike any one has ever experienced.
What will happen? There will be a surge of business failures and bankruptcy. What we are not being told is that more than half of major business is running on commercial credit with "second lien" financing that is in default. The banks know this, which is why they are not lending; they are sitting on the sidelines because they know the second shoe will drop. The nation will be awash with business bankruptcy filings (e.g., MF Global Holdings, Ltd.), the economic equivalent of a tsunami. With bankruptcy will come rising long-term unemployment, and finally the slide into economic depression. The failure of Congress to act responsibly will only accelerate the crisis pushing us over the brink. It has a cascading effect that the government’s intervention is desperately trying to stop - but more likely to only succeed in slowing its inexorable progress. It will be very, very ugly.
Our money from the tax base is going to OPEC, and to the Chinese and other countries as the tax base pays the bills on the interest of the money borrowed.. the United States can't at this time meet its bills. It has to keep borrowing money from China and other countries to cover all the bills. Obama's new budget still has us spending trillions and not having the money to cover the spending.. this will eventually result in more down grades if we don't get the spending down because we can't keep borrowing .
The banks are broke and the government has been propping the banks and the FDIC which is government money is covering the losses . If we really knew how bad it is we would beg Obama to stop spending on stupid projects he is pushing.
We will in the future all realize that America is no longer the nation it once was as we drift into more debt and benefits cut to the poor.
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Because of Bush's GREAT RECESSION.
