US Unemployment Rate hits 9 Year high: 6.1%

[tnitsuj]

from cbsnews.com

 

[tcsenter]

Apparently Bush's tax break didn't work.

 

[tnitsuj]

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

The tax break just went in? Or are you referring to the 1st one?

 

[dmcowen674]

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

 

[XMan]

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

Hmm, so the economic boom of the 90's was because of Clinton's tax increases?

 

[dmcowen674]

Originally posted by: X-Man

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

Hmm, so the economic boom of the 90's was because of Clinton's tax increases?

Who said that?

Long before the boom you speak of, people and Leading Economy researchers agreed that Trickle down is pure garbage. Republican, Democrat or any Leaders doesn't matter.

 

[BaliBabyDoc]

Nothing to see hear . . . look away, look away . . . stock market is on a tear. Our President's exceptional handling of the economy means everyone that invested their unemployment benefits in the stock market has made a tidy sum of money over the past year.

 

[rahvin]

Originally posted by: X-Man

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

Hmm, so the economic boom of the 90's was because of Clinton's tax increases?

Silly me I thought congress was responsible for the budget but I guess your copy of the constitution is different than mine.

 

[ElFenix]

Originally posted by: tnitsuj
from cbsnews.com

eh, full employment is supposed to be around 5% or 6%

 

[bjc112]

With the Dow now breaking 9000 for the first time in over a year times could be changing...

Unemployment usually tails the recovery or the fall of the economoy as employers are nervous of what might happen.

Plus, with the second tax cut in progress now we could see a nice boost in the economy...

 

[Lucky]

5% unemployment is considered "full employment".

 

[shiner]

And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

 

[BaliBabyDoc]

And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

Irrational exuberance . . . or in psychiatric parlance . . . there's nothing like an addict chasing that high.

 

[flavio]

Originally posted by: shinerburke
And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

Highest jobless rate in 9 years is nothing?

 

[tnitsuj]

Originally posted by: shinerburke
And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

Haven't we proven that the markets really have no relation to the economy as a whole, or to sound economic principles. They are driven by speculation. Speculation is not equal to economic strength.

 

[BarneyFife]

Originally posted by: shinerburke
And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

It means a lot if you are one of the 6%

 

[Lucky]

Originally posted by: flavio

Originally posted by: shinerburke
And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

Highest jobless rate in 9 years is nothing?

Coming off the heels of the biggest bull market in this country's history...yes!

 

[Lucky]

.

 

[CADsortaGUY]

The sky is falling!!...The sky is falling!!...The sky is falling!!..The sky it falling!!

Mommy, please make the bad man stop

CkG

 

[Bigdude]

The problem with the tax cut's is the State and Local Governments are raising taxes faster than the Fed can cut them!

 

[JellyBaby]

Some interesting insight Downsizing jobs, outsourcing lives and Downsizing jobs, outsourcing lives: Part 2.

In a nutshell: outsourcing high paying jobs abroad + a hoard of illegal aliens + cheap Indian and Chinese labor + government overregulation of business = a recipe for tough times ahead.

 

[charrison]

Originally posted by: Bigdude
The problem with the tax cut's is the State and Local Governments are raising taxes faster than the Fed can cut them!

I really dont see what the problem with this is. I would much prefer to see my tax dollars wasted by the state, than by the fed.

 

[Bowfinger]

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

And remember Papa Bush called it Voodoo Economics. I wonder how dad feels about junior's tax cut.

 

[Dari]

Originally posted by: X-Man

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

Hmm, so the economic boom of the 90's was because of Clinton's tax increases?

No, the economic boom of the 90's was because of George HW Bush (senior) tax increases. He was trying th fix the mistake Reagan made.

 

[fluxquantum]

Originally posted by: Dari

Originally posted by: X-Man

Originally posted by: dmcowen674

Originally posted by: tcsenter
Apparently Bush's tax break didn't work.

Different name, same thing. Reagan called it trickle down Economics. Didn't work then, what makes them think it will work now?

Talk about not learning from History repeating itself

Hmm, so the economic boom of the 90's was because of Clinton's tax increases?

No, the economic boom of the 90's was because of George HW Bush (senior) tax increases. He was trying th fix the mistake Reagan made.

i thought that the president has very little influence on the economy as a whole