How bad do things have to get before people march in the streets?

Historically, unemployment usually has to reach about 15 to 20% before major protests occur. This is seen by the various protests in Europe recently.

 

Who said it was about Bush? These folks keep blaming Obama for the economy.

I disagree that is all they've done.

When Obama took office, the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was skyrocketing upward, and the stock markets were crashing in the worst recession in 80 years. The housing market was destroyed and the economy was headed straight for a depression.

But now the economy has been growing steadily for more than two years, the private sector has created jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

There is no doubt in my mind the economic recession would have been much worse without Obama and Bernanke, and I'll even give Bush and Paulson some credit here.

Your anger is at the wrong target. It is the Tea Party Republicans who wouldn't compromise to get a budget deal done. You should be mad at them.

Sure. The economy has been growing steadily for more than two years, the private sector has created jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Things haven't been as robust as we would like, but we have a totalled real estate market and construction industry, and Europe in a recession to deal with.

But we have turned around, we are headinging in the right direction, and things are slowly improving.

Romney offers de-regulation, tax cuts, and increased military spending. Bush 2.0. Why go back and court disaster? However is cutting tax revenues even further going to help the budget, or anything but the richest get even richer.

We've already done a great job helping the richest get ever richer. Now its time to focus on the rest of the 99%.

 

Yeah I remember the Carter days. He presided over an economy was did better than either Bush, but made the mistake of doing the right thing and appointing Volker to the Fed to address the inflation spiral Carter inherited.

In 1980 Volker put the brakes on the money supply, sending interest rates skyrocketing right smack in the middle of an election year.

Carter had nothing to do with it (other than appointing Volker), but the uninformed blamed him, as this post demonstrates.

 

Worse than in your country .
How bad is it back home , Anders ?
I gather it is Rat Soup in some towns already .

 

You really think rioting would reduce unemployment? At any time, anyone unhappy with their wages, unemployment, or the cost of living is free to offer a solution to these problems -- but asking the government to make them go away or just rioting in the streets is not likely to change anything (for the better).

Kind of scary that so many folks think the solution to problems is to ask someone else to solve them or just roll around and scream about it. Well... any adult anyway.​

 

Do not believe people will go on the streets, it is too dumb, cowardly and lazy.It is still going good for folks. Only after people has the choice between starvation and revolution it can probably begin to rise. The most important things for people are sex, bread, baseball, work, TV-soaps, not revolutions.Liberals know it and they are laughing about those who still believe in peoples soundness.
You can believe that by serious dangerous riots police will shoot against folks both in USA and EU and impose martial law.
You betcha liberals will approve it and applause because the entirely power in all Western societies belong to them and they will never give it easy up.

Question: for whom have been prepared FEMA - camps and a half of million plastic coffins, what's about Denver's Airport?

 

Did you miss the Tea Party or something?

 

Who knows? But these things have to happen every so often. If Karl Marx were alive and in this country he'd be relishing this opportunity.

 

It is for the majority of Americans.

 

On the one hand, Americans are so blessed in general that one of the worst problems is that a temporary drawdown of our excessive blessings tends to rattle the gluttons from their bliss. Seriously, in America, one of our most serious issues is obesity. People have so much food and so little to do that evolution is turning them into giant elephant seals. Even the poor are fat....and demanding. On the other hand, millions have lost their livlihoods in this recession. But most of them are so busy scrambling to make ends meet, that they are probably too busy to riot. If there are riots, it will be by those raised on government assistance, raised to believe that complaint and riotous behavior are their constitutional birthrights. They are perfect tools for socialistic race baiters and community organizers to wield in the quest for power.

 

I'd guesstimate right around the time PinkSlip get inaugurated.

 

During the great depression there were 2 in 10 people out of work today its just 1 in 10 people and they have alot more welfare to keep them civilized so that the rich can continue to live peacefully in their kingdoms.

When all those people in mobile homes and ghettos loose their checks, section 8, food stamps because wealth discontinues redistribution in government then there will be marches and/or chaos.

 

Marching in the streets alone will bring little notice from the elite government politicians because it is a hollow display of resentment. But, marching in the streets with a rifle over your shoulder will scare the hell of of them. They will see their very lives are at risk and will abandon their self interests to do the will of the people. They will suddenly reject their belief in globalism (that makes money for their friends) and embrace protectionism by implementing long overdue tariifs on Chinese goods. This will of course force their rich friends to come home and embrace the American worker.

 

Our biggest companies have not just moved production overseas, those nations are also becoming their target markets. No one's going to embrace the American worker until he grows up and realizes he's competing in a global economy.​