- Feb 5, 2011
Good news if it bears out in next official numbers and not what I expected.
Can you post evidence on how we are worse off?No one denies he inherited a bad situation. What you lefties fail to realize is that he made it worse, not better. That is what the right condemns him on, not the fact that we are in a bad situation to start with.
Unemployment peaked at 10% and it is lower now but not good.Unemployment worse, national debt worse, incomes worse, etc. worse in basically every way. The question is how responsible he is for it and I won't get into that here but definitely the country is worse off.
Worse off compared to when? We're immeasurably better off since January 2009, and that's just a statistical fact.Unemployment worse, national debt worse, incomes worse, etc. worse in basically every way. The question is how responsible he is for it and I won't get into that here but definitely the country is worse off.
Yeah but it keeps happening.The income being worse happened over the last 30 years.
Republican's are notorious for staying in lockstep and acting like they truly believe the shit they are shoveling so their weak minded sheep will lap it up.Compared to January 2009 of course we're off worse and that's just a statistical fact, e.g. unemployment. That jobs growth graphic above still doesn't bring us back to 7.6% unemployment. Apparently the too big to fail banks are even bigger now, which means more moral hazard.Yeah but it keeps happening.
Look, this isn't Obama's fault. He's a useless tit, but he's simply helming a ship that was already headed to disaster. I'm just saying things are worse. Craig posted a great graphic in another thread that republicans can use. They're all great measures of how much worse off we are. They insinuate that it's Obama's fault even if most of it isn't.
Dewd, take a look at the GOP candidates.If unemployment numbers drop the GOP is sunk in 2012 and I am sure that the GOP in Congress will be applying the full court press of obstructionism right up to the next election cycle..hopefully their asshole maneuvers come back to bite them in the ass.
Most of the job losses have been in State and Local governments, not something a President has a direct hand in controlling.Unemployment worse, national debt worse, incomes worse, etc. worse in basically every way. The question is how responsible he is for it and I won't get into that here but definitely the country is worse off.
I've been hearing differently. E.g.:Most of the job losses have been in State and Local governments, not something a President has a direct hand in controlling.
And I agree with these remarks in that article:The private sector has lost 6.3 million jobs, a 5.4 percent drop, since December 2007, while the public sector has only lost 1.8 percent, or 392,000 jobs, in that same time, according to the U.S. Bureau of Labor Statistics. The public sector had 22.3 million jobs in December 2007 and dropped to 21.2 million in September 2011. The private sector had 115.6 million jobs in December 2007 and it dropped to 109.3 million as of September 2011.
FernHohman said the American Recovery & Reinvestment Act of 2009 protected many government jobs.
“The private sector is still way down and they should not be asked to support government jobs that have been protected from a recession,” Hohman said.
Quoting Rush Limbaugh without attribution? Bad form Fern.I've been hearing differently. E.g.:
And I agree with these remarks in that article:
No.Quoting Rush Limbaugh without attribution? Bad form Fern.
You're cherry picking dates.The BLS numbers show 535,000 public sector job losses since September, 2008. Between September, 2008 and now we have seen net private sector job gains. How many I don't know without accessing every monthly BLS report since then, but I think it's over a million.
The game being played here is focus on what happened from late 1997 to mid 2009. However, in economic terms, what is important is the recent trending. For two full years now, we've been experiencing losses in the public sector (minor in 2010 but growing this year) while month over month the private sector shows modest gain (with few exceptions). The salient question, when talking about government policy, is what is happening right now in the economy, not what was happening 2-4 years ago.
First of all, if the issue is Obama's performance, it's kind of absurd to saddle him with the first 6 months in office. There was an avalanche of job loss starting in late 2008 and it wasn't going to be stemmed *that* quickly no matter what he did. So no, I'm not cherry picking dates.No.
And I was unaware Rush Limbaugh actually wrote anything?
Anyhoo, I had heard this info on one of the cable news shows earlier today. I googled and came upon this site:
Just forgot to include the link in my post.
You're cherry picking dates.
The numbers I quote are current and include data up thru Sept 2011.
If you're talking about Obama's performance, yes use a start date of 2009 when he took office. (Why pick 2008? To cherry pick?) But that's not the issue. The issue is how are private v public jobs faring under the recession. Clearly the private sector is still far behind in terms of a recovery.
Stock market dipped in July 2007, but completely recovered to new highs in early October, when the crash took place. So September labor statistics are probably based upon corporate CEOs with rosy outlooks based upon looking at economy and surging stock market in August or September, and like Kudlow scoffed that subprime is "contained" and of no real consequence and adjusted their businesses and hiring accordingly.Or, as Gordon Gekko said:
"Hedge fund managers came home with 50 to 100 million bucks a year.
So Mr. Banker, he looks around and says.
My life looks pretty boring.
So he starts leveraging his interest up to 40%, 50% to 100%. With your money not his. (I think this is supposed to be 40 - 50 : 1 leverage)
Yours. Because he could.
You are supposed to be borrowing not them.
And the beauty of the deal is no one is responsible.
Because everyone is drinking the same cool-aid.