If you are wondering why Obama is so focused on the mass shooting in CT, this is why. He wants to shift blame from his horrific economy. His second term will be ugly, and he will want to keep the American at each other's throats over non-economic issues.
Voters knew going in how bad the economy was, yet they voted for the incumbent anyway. As long as Obama talked about extending unemployment benefits, government healthcare, and free contraception all was well.
republicans want to destroy the government, take gov money out of the economy, yeah, that will boost the economy... not
There is no such thing as Government money.... Cutting spending isnt "destroying the Government",,, How the hell you equate the two is beyond me.
I agree. They knew full well and wanted more of it. They endorsed the practice of no budgets, over a trillion per year in deficit spending. They want more unemployment, food stamps, inflation. The country has taken a hard left turn by sitting the biggest leftist our country has ever know back in the chair.
You know what is funny ? unemployment is driving demand down , when demand falls then business do ( there is another thread about this happening now in China) and when business fail the state has to bail them out with your tax money . Giving public sector jobs to the unemployed means that you will support them with your taxes , now say that Joe who just got a government job likes to eat a hamburger in your restaurant , he will buy it for $5 and at 20% taxation you will have to give back $1 to support Joe's wage . Where do the bail out money go ?
I want to point out in the article there are two factors at work besides a sluggish economy: 1. Employers tossing out any application or resume with those who didn't work within six months which is not illegal and the right of the employers to you Conservative folks. 2. People getting benefits long term discouraging getting any kind of job they can get that is basically an issue with the other side the Liberals who decentivized getting a job, or at least working at what you can do yourself for money. Both are issues here the economy will come back in time.
Weren't you one of those telling us that unemployment was going to stay around 10% a couple years ago and then said it was going to stay above 9% a year ago? And told us about how Obama was going to get thrown out of office? Pardon me if I don't make my future plans around predictions you endorse.
Not to mention the top 1% is taking 10% more of the nation's income compared to 30 years ago. The used to take less than 10% of the nation's income and now they are taking over 20%. Imagine the effect if the great engine of spending, the middle classes, had another $1.5 trillion to spend instead of it going to the 1% to stick in their offshore accounts. Or even if those 500,000 workers had not been fired in the Republican dominated states over the past couple years.
As I explained yesterday real Unemployment is aroud 14% nationally. Somehow the Bureau of Labor Statistics snuck in a new way of determining Displaced or Those No longer looking for work. The U3 standard used to be a FULL YEAR.One remained counted for a full year as IN the Labor Force. That was changed to include all those within the Past 4 weeks instead of a Full Year.That dynamically changes how Unemployment % will be effected. Because the Unemployment rate is calculated by dividing the number of unemployed by the total number of people in the Labor Force. Shrink that Labor Force number and get a lower Unemployment number. Instead of how many in the Labor Force for an entire year,make it for just 4 weeks.Redefined to forget or not calculate all those discouraged who have given up on looking. Forgetting not that mysteriously over One Million vanished as if out of thin air last year in January from the Labor Force calculation. Without any doubt a corrupting of actual Unemployment calculation.
It's above 10% when considering the pathetically low labor force participation rate. Thanks, Obama! And speaking of predictions..... Can't get enough of this:
Plus Obama and his democrats know full well that reducing taxation is a boon for an Economy.It yields More receipts to the Treasury as Ronald Reagan proved.Reagan DOUBLED the receipts to the Treasury from Carter.From $ 500 Billion { under Carter } to One Trillion { under Reagan }. President Bush used the exact same model in his first term to get us out of a recession.He also raised record receipts to the Treasury with his tax cuts. Obama and the democrats know full well how beneficial that was. That is why they spend every waking minute demonizing that Republican approach.And that is why The Dimocrats and the Lapdog media spend so much time laughing down the Republican model.because it did work. That is why this Lamstream is out daily Demonizing Republicans. It is almost surreal.Bush averaged 5 % unemployment.Bush had a budget deficit of $ 161 Billion in 2007,a year before the financial meltdown. There was No meltdown.Just a bursting of the Housing bubble because of guys like Barney Frank and Chris Dodd. democrats are hellbent on destroying the Economy in order to make a Political point.That their Party { Democrats } know best.That Big brother government is the Only approach.To hell or high water. You'll do what they say or else. It is sheer Bullying.Cartoon Bureaucracy.Because the Populace has efectively been dumbdowned to an almost point of no return.
It's just a figment of your fertile imagination. The UR is calculated the same way it has been for decades. - - - Updated - - - Yep. That Great Recession Bush and the Republicans left us was a lot worse that people expected.
Yeah, because the LOWEST % of EMPLOYED AMERICANS since WW2, is a sure sign of "economic progress", in Bozoville...
Uh-huh. Bush was an exec at the GSEs,and has been POTUS for the last four years....I love how no matter how much you get your leg pissed on, you can still pretend that it's raining, EVEN FOUR YEARS LATER....it's like never-ending self-hypnosis...
Dude, trying to blow sunshine up everyone's ass again ? "It's bad mojo.".but funny to watch you dance.
LOL sure. Prove your claim we have "the LOWEST % of EMPLOYED AMERICANS since WW2." After you dodge and divert and insult a bit, I'll show everyone how you're making stuff up again.
I said Obamanomics would keep unemployment high and we are just getting into a 1st quarter that I think will be poor. Yes, I thought that Americans would reject four years of failure.