Thread: Obama: "I will not rest until every American has a Job, now watch this drive

Originally Posted by MissJonelyn

Hm, yes it appears you are right.

Replace that year with 60 & 61. Capital gains taxes were 25% percent.

1960 and 1961 were not even on the chart.

Originally Posted by MissJonelyn

It didn't take a decade. Bubble started in 2002-2003. Crash started in 2006.

But the causes for the bubble and burst happened, depending on who you ask, as far back as Clinton or Reagan.

It's only taking longer to fix because everyone is making the same mistakes as the last recession. The whole "decade to get us into this mess" is redundant.

I honestly don't know if the same mistakes are being made. They look like they are -- the government spending money to boost the economy -- but I hear different theories as to whether it's a good idea or not. The same people who thought it was a good idea before now seem to think it's a bad idea, whereas the people who thought it was a bad idea before now argue that it's the way in which it was done -- where the money was spent, I think they're saying -- that was wrong, not the spending of the money itself.

Regardless, anyone expecting a quick fix is nuts, and probably just trying to score political points at the expense of people trying to clean up the mess, saying that they're not doing it fast enough. Which is sort of like the captain of the Exxon-Valdez complaining that the clean-up effort isn't going as fast as he thinks it should.

At this point, doesn't it seem likely that any fix that was working at this early stage (less than a decade being an early stage) would probably just more harm than good in the long term?

Originally Posted by Iriemon

1960 and 1961 were not even on the chart.

I'm talking about recessions in general. You can't say that the recession in 2000 and early 90s had the worst recovers with the lowest tax rate.

1973 - 1975 the tax rate was high and the recession lasted for almost 2 years. The recession of the early 90s and 2000 only lasted 8 months. Unemployment peaked 9 percent during the mid 70s. Unemployment peaked 7.8 during the early 90s and 6.3 percent during the early 2000. GDP contracted during the recession of 73 - 75 and didn't increase until the recession was over. 90s recession didn't contract at all. Neither did the recession in 2000 but that was only because the Fed artificially lowered interest rates to get us out of the recession creating a bigger bubble.

Tax rates if anything has little to do which the recovery of recession.

Originally Posted by MissJonelyn

I'm talking about recessions in general. You can't say that the recession in 2000 and early 90s had the worst recovers with the lowest tax rate.

1973 - 1975 the tax rate was high and the recession lasted for almost 2 years. The recession of the early 90s and 2000 only lasted 8 months. Unemployment peaked 9 percent during the mid 70s. Unemployment peaked 7.8 during the early 90s and 6.3 percent during the early 2000. GDP contracted during the recession of 73 - 75 and didn't increase until the recession was over. 90s recession didn't contract at all. Neither did the recession in 2000 but that was only because the Fed artificially lowered interest rates to get us out of the recession creating a bigger bubble.

Tax rates if anything has little to do which the recovery of recession.

You don't need to convince me of that. It is our conservative friends who claim the economy will tank if we raise taxes.

Originally Posted by Daybreaker

But the causes for the bubble and burst happened, depending on who you ask, as far back as Clinton or Reagan.

That all perception and depends on who escalates moral hazards and bad policy practices. Carter started it with the CRA. Reagan didn't really have a role but George H. W Bush did. Clinton made the most legislative changes to it during his administration. Bush propped up the market by lowering interest rates and allowed the dominos to fall where they may.

Plenty of blame to go around.

I honestly don't know if the same mistakes are being made. They look like they are -- the government spending money to boost the economy -- but I hear different theories as to whether it's a good idea or not. The same people who thought it was a good idea before now seem to think it's a bad idea, whereas the people who thought it was a bad idea before now argue that it's the way in which it was done -- where the money was spent, I think they're saying -- that was wrong, not the spending of the money itself.

They are make the same mistakes as before. They're keeping interests rates artificially low again. It's not just Government spending. A lot of people flip flopped the stimulus issue but for all the wrong reasons. They believed the stimulus was going to help the economy but simply changed because it wasn't going to do what everyone said it was going to do. Only 1/3 of the stimulus was actually "suppose" to help improve the economy. The other 2/3 was just government pet projects for districts the politicians wanted but didn't want put up their own funds for it.

Regardless, anyone expecting a quick fix is nuts, and probably just trying to score political points at the expense of people trying to clean up the mess, saying that they're not doing it fast enough. Which is sort of like the captain of the Exxon-Valdez complaining that the clean-up effort isn't going as fast as he thinks it should.

At this point, doesn't it seem likely that any fix that was working at this early stage (less than a decade being an early stage) would probably just more harm than good in the long term?

Most recessions end within a 7 -8 months to a Year at best. This problem has escalated from the previous problem of a past recession and the worst attack on American soil in recent history. We have yet to do any meaning growth of the economy. At this point the problem is so big that Government stimulus is not going to buy us another few months of phony GDP growth because we have to accumulate so much debt now.

We are at the start of another dip in a double dip recession and unlike previous recessions this recession is starting at interests rates already low. This recession is starting at unemployment already above 9 percent. When the next crisis happens you can't use the same recovery measures. You can't lower interests rates that are already at low. We need real growth, not phony growth.

Originally Posted by MissJonelyn

That all perception and depends on who escalates moral hazards and bad policy practices. Carter started it with the CRA. Reagan didn't really have a role but George H. W Bush did. Clinton made the most legislative changes to it during his administration. Bush propped up the market by lowering interest rates and allowed the dominos to fall where they may.

Plenty of blame to go around.



They are make the same mistakes as before. They're keeping interests rates artificially low again. It's not just Government spending. A lot of people flip flopped the stimulus issue but for all the wrong reasons. They believed the stimulus was going to help the economy but simply changed because it wasn't going to do what everyone said it was going to do. Only 1/3 of the stimulus was actually "suppose" to help improve the economy. The other 2/3 was just government pet projects for districts the politicians wanted but didn't want put up their own funds for it.



Most recessions end within a 7 -8 months to a Year at best. This problem has escalated from the previous problem of a past recession and the worst attack on American soil in recent history. We have yet to do any meaning growth of the economy. At this point the problem is so big that Government stimulus is not going to buy us another few months of phony GDP growth because we have to accumulate so much debt now.

We are at the start of another dip in a double dip recession and unlike previous recessions this recession is starting at interests rates already low. This recession is starting at unemployment already above 9 percent. When the next crisis happens you can't use the same recovery measures. You can't lower interests rates that are already at low. We need real growth, not phony growth.

8/17/11

Economy Not Double-Dipping Yet as Production-to-Consumer Spending Increase

Industrial output climbed in July by the most this year, according to figures from the Federal Reserve yesterday. Reports last week showed retail sales rose by the most in four months and claims for jobless benefits dropped to the lowest level since early April.

... Production of automobiles and parts surged 5.2 percent last month, a rebound from the supply-chain disruptions that resulted following the March earthquake in Japan, the Fed report showed.

http://www.bloomberg.com/news/2011-0...e-dipping.html


8/16/2011
WASHINGTON — A busy month for U.S. automakers lifted overall factory output in July.

A stronger manufacturing sector is the latest evidence that the economy may not be as weak as some had feared.

The Federal Reserve said Tuesday that factory output increased 0.6% last month. That's the biggest increase since the March 11 earthquake in Japan, which disrupted supply chains and limited output by some U.S. auto plants.

http://www.usatoday.com/money/econom...ion-july_n.htm

+++

8/12/2011

The number of people filing for unemployment benefits for the first time fell below 400,000 last week for the first time in four months. It may be a sign that the job market is slowly improving.

http://www.usatoday.com/money/market...ugust-11_n.htm

+++

8/12/11

WASHINGTON -- Consumers spent more on autos, furniture and gasoline in July, pushing up retail sales by the largest amount in four months. The gain could signal that Americans are a little more confident and help dispell fears that the country is in danger of toppling into another recession.

The Commerce Department says that retail sales rose 0.5 percent last month, the best showing since a 0.8 percent advance in March. And the government revised sales higher in the previous two months. That suggests the economy was not as weak as previously believed.

http://www.forbes.com/feeds/ap/2011/...s_8620219.html



8-5-11
Employers hire 117000 in July; jobless rate slips to 9.1%

The first fear was eased Friday morning when the Labor Department said that U.S. employers added 117,000 jobs in July, more than double the revised 46,000 added jobs in June and better than the 85,000 net new jobs for July that were forecast. The unemployment rate ticked down to 9.1 percent, from 9.2 percent in June. The private sector did even better, adding 154,000 positions.

http://www.washingtonpost.com/busine...DwI_story.html

ADP Employment Report 114,000 Private Sector Jobs for July 2011

http://www.economicpopulist.org/cont...jobs-july-2011


Most indications are that the economy began picking up some steam again in July after the slow patch earlier this year.

Whether that positive trend will continue in the face of the shattered confidence that came with the Republican Tea Party debt ceiling extortion fiasco remains to be seen.

Originally Posted by Iriemon

8/17/11

Economy Not Double-Dipping Yet as Production-to-Consumer Spending Increase

Industrial output climbed in July by the most this year, according to figures from the Federal Reserve yesterday. Reports last week showed retail sales rose by the most in four months and claims for jobless benefits dropped to the lowest level since early April.

... Production of automobiles and parts surged 5.2 percent last month, a rebound from the supply-chain disruptions that resulted following the March earthquake in Japan, the Fed report showed.

http://www.bloomberg.com/news/2011-0...e-dipping.html


8/16/2011
WASHINGTON — A busy month for U.S. automakers lifted overall factory output in July.

A stronger manufacturing sector is the latest evidence that the economy may not be as weak as some had feared.

The Federal Reserve said Tuesday that factory output increased 0.6% last month. That's the biggest increase since the March 11 earthquake in Japan, which disrupted supply chains and limited output by some U.S. auto plants.

http://www.usatoday.com/money/econom...ion-july_n.htm

+++

8/12/2011

The number of people filing for unemployment benefits for the first time fell below 400,000 last week for the first time in four months. It may be a sign that the job market is slowly improving.

http://www.usatoday.com/money/market...ugust-11_n.htm

+++

8/12/11

WASHINGTON -- Consumers spent more on autos, furniture and gasoline in July, pushing up retail sales by the largest amount in four months. The gain could signal that Americans are a little more confident and help dispell fears that the country is in danger of toppling into another recession.

The Commerce Department says that retail sales rose 0.5 percent last month, the best showing since a 0.8 percent advance in March. And the government revised sales higher in the previous two months. That suggests the economy was not as weak as previously believed.

http://www.forbes.com/feeds/ap/2011/...s_8620219.html



8-5-11
Employers hire 117000 in July; jobless rate slips to 9.1%

The first fear was eased Friday morning when the Labor Department said that U.S. employers added 117,000 jobs in July, more than double the revised 46,000 added jobs in June and better than the 85,000 net new jobs for July that were forecast. The unemployment rate ticked down to 9.1 percent, from 9.2 percent in June. The private sector did even better, adding 154,000 positions.

http://www.washingtonpost.com/busine...DwI_story.html

ADP Employment Report 114,000 Private Sector Jobs for July 2011

http://www.economicpopulist.org/cont...jobs-july-2011


Most indications are that the economy began picking up some steam again in July after the slow patch earlier this year.

Whether that positive trend will continue in the face of the shattered confidence that came with the Republican Tea Party debt ceiling extortion fiasco remains to be seen.

Same thing happened a few months ago when unemployment fell below 9 percent to 8.9 percent. Started rising again in April now it's falling again. GDP barely budged within the first 2 quarters of this year so slight shrink in unemployment really isn't an indicator of anything.

Originally Posted by Badmutha

Obama: "I will not rest until every American has a Job

There are Americans who are prostitutes, porn people, sex maniacs, frauds and scams.

Will obama continue feeding these useless people by providing jobs to them?

Originally Posted by Americann

There are Americans who are prostitutes, porn people, sex maniacs, frauds and scams.

Will obama continue feeding these useless people by providing jobs to them?

How are they useless?

Originally Posted by MissJonelyn

How are they useless?

Personally, I've know some sex maniacs I thought were very useful.