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102 Comments
- inactive, on 09/05/2008, -7/+23Wow having the republicans in charge is really helping the economy!
- Nietz1950, on 09/06/2008, -1/+15France actually employs a larger share of its population under the age of 60. You are more likely to have a job in France than in the US, unless you are retired... but then, that's probably because pensions are much better in France and old people don't need to work.
- cico, on 09/06/2008, -2/+15Close to France !!
But without :
52 days of holidays
35 h/week
Free schools
Free healthcare
And fast 3G network for my iphone !! - duckley, on 09/06/2008, -4/+12EVERY progressive bill put forward in the Senate is BLOCKED BY REPUBLICAN FILIBUSTER.
GET RID OF REPUBLICANS if you want progress. - Nietz1950, on 09/06/2008, -2/+9The U6 unemployment rate (includes part-time workers looking for work) is already higher than the last recession. Unfortunately, this doesn't look like the peak.
http://delong.typepad.com/sdj/2008/09/u6.html - inactive, on 09/06/2008, -4/+118 months in a row? I thought it was 8 years in a row. The total number of employed Americans has been on the decline for the past 8 years. Check it with Wall Street stats.
- inactive, on 09/06/2008, -3/+10the army could use some more troops!
- inactive, on 09/06/2008, -0/+7I was a POW though, and as a former POW...
- browntiger, on 09/06/2008, -2/+7You mean Bush proposed something to help economy, balance budget, stimulate creation of new jobs, close gov bank that helps companies offshore US jobs, tax companies appropriately so they don't hide trillion dollars in offshore banks... Oh wait repukes fought against closing that bank, against taxing oil companies, spent 4 trillions of dollars in Iraq.
What exactly do you expect? Anybody who voted republican and lost they job - I can not feel bad for you. You got what you deserved. - Y0tsuya, on 09/06/2008, -9/+14Some folks have been saying all along that the economic growth the past few years is tied to the housing market, which they identified to be a bubble. You can trace a straight line from the construction job to the Fed monetary policy. Admit it, everyone was thrilled by the turbocharged housing market, loved Greenspan, and pooh-poohed those who tried to warn us. It's a bit too late and bit too disingenuous to blame Bush now.
- inactive, on 09/06/2008, -6/+11Palin is going to fix all this, she is "Tough"!!
- Dralha, on 09/06/2008, -2/+7This is the fruit of the republicans' disastrous laissez-faire, no regulation, no oversight, no accountability domestic economic policies.
- oldgal, on 09/06/2008, -0/+5Apparently the manipulated statistics aren't even working in their favor anymore.;
- Ninjapope, on 09/06/2008, -3/+8The democratic majority in congress is so small, that even if they do push legislation through, it'll get vetoed by the Republican President and then the democrats won't have 2/3 support to override. Democrats control congress, but republicans still have them by the balls.
- hiphoc, on 09/06/2008, -1/+6True, the unemployment numbers are a bit off. Total amount of people who are out of work and would like work or are seeking work is much higher.
- Dralha, on 09/06/2008, -3/+8There are still too many cocksucking ***** republicans sitting in congress. On behalf of their lord and master, the monkey warmonger-in-chief, they've done everything in their power to thwart any democratic attempts to make America a better place.
- xatx3, on 09/06/2008, -2/+7"the economy is in great shape"
- Nietz1950, on 09/06/2008, -0/+5I don't know... Medicare is the most efficient healthcare program in the US, with only 3% administration overhead compared to the private industry average near 20%. Medicare is not a monopoly either - private providers are free to enter, but they've just all died out because they can't compete with the scale of the government - even though private firms receive a $1000 subsidy for every individual they cover.
Even the most incompetent administration hasn't been able to screw it up. - Nietz1950, on 09/06/2008, -1/+5The ratio of Americans employed has definitely been falling for the last 8 years. I think we employ about 60% of the population now, down from about 65% a few years ago.
However, this is a bit different than the unemployment rate. The unemployment rate rises and falls during recessions and recoveries a bit more. You can also lower the unemployment rate if you have a war or increase the incarceration rate, since you take poor men out of the economy. You can also lower it by lowering university enrollment, since you'll add more "employable" young adults into the economy. Low wages can also lower unemployment, as can shifting full-time work to part-time since this will add more jobs, although of a lower quality. - browntiger, on 09/06/2008, -0/+4Right unemployment is tied to housing market. More like housing market tied to unemployment. If one looses job how can he pay for house. With complete offshore - and repukes we are in the race to the bottom.
Corporations act like they always did. Find market and exploit it. If it can be exploiting anymore, abandon and find another market. With fixed by Chinese currency exchange rate, no environmental laws, and no US import tax - what do expect? - DeskFlyer, on 09/06/2008, -0/+4Yeah, and then there's that whole WAR thing. I'm sure that didn't have any effect on our economy at all.
- browntiger, on 09/06/2008, -1/+5This is exactly what repukes were working for.
There is no such thing as service based economy. It plain republican lie. You can not have everybody providing service to everybody and than from this little side products that comes from someplace else , somewhere manufactured, research, raw material extracted, labor, etc - and no one have to pay for it.
Bologna. You can not have balanced economy. It is absurd. McSame will continue same destructive trend as dumboW Bush. - Vicious172, on 09/06/2008, -1/+5And America can use more gangsters/drug dealers.
- kaelyiesta, on 09/06/2008, -1/+5Oh, our industries take risks. They just get to write off the losses on us when they fail now. Guess what incentive that gives them.
- inactive, on 09/06/2008, -1/+5I wonder when they will report the real unemployment numbers; the ones which actually indicate how many people gave up looking for work because they couldn't find a job. The under-employment numbers woudl be helpful alos, woudl be good to know how many highly educated peopel took low paying service sector jobs because they had no choice.
- inactive, on 09/06/2008, -1/+4It's all Bush and his supporters' fault.
- kaelyiesta, on 09/06/2008, -3/+6Show me where fiscal conservatism occurred in the us government just once in the last century.
- rhodydog, on 09/06/2008, -0/+3You are so wrong on this. Check Larry Bartels new book on "Unequal Democracy". The statistics tell the following:
Average Growth in GDP during Republican rule: 1.64 %
Average Growth in GDP during Democrat rule: 2.78 %
Not only that, but during republican rule, the rise in income that did appear went mainly to the top 5% of the population. .That is why the Clinton years are now considered the golden years because incomes rose across the board and at a high rate while also creating a government surplus. The Republicans will destroy this country.
You're living in a fairy land, stop listening the talk radio shows and start thinking for yourself, that's the American way. - MWeather, on 09/06/2008, -0/+3Oil was cheaper under Carter.
- rhodydog, on 09/06/2008, -1/+4...and if only that were true, ever heard of the veto?
- akhomestead, on 09/06/2008, -0/+3But that's not all Jimmy's fault either, our actions in the 60's and Nixon freeing the federal reserve from the gold standard in 72' so they could just print and print had as much if not more to do with it.. Blame LBJ if your only looking to blame a democrat, he probably had more to do with it than Jimmy, he kept us in to an un-ending war on a lie, and then spent a bunch a money at home on BS projects.
- JohnFlux, on 09/06/2008, -0/+2Oh please. The UK (for example) has around 500,000 illegal immigrants, out of a population of 60 million. This is less than 1% of the population.
- allhigs, on 09/06/2008, -0/+2My high level electric car/solar power hubby can't find a job in the Detroit area!! The research company went out of business. They must look at his CV and the date he graduated from Cal Tech which is 1972. Too old to work anywhere. Age discrimination is rampant in this area of the country. Ask all of his ex-coworkers who are 45 and older.....
- Arrowette, on 09/06/2008, -0/+2Source, please?
- subarusqueege, on 09/06/2008, -0/+2Or hire illegal workers, who will not be included in the unemployment figures.
- JohnFlux, on 09/06/2008, -0/+2Heh, so typical. The 'liberal' poster posts statistics and figures to back up his claim, and the 'conservative' poster can only resort to insults.
- anarcurt, on 09/06/2008, -0/+2Thats gonna be the next argument for war with Iran, that we need to put all those unemployed people to work disarming Iran.
- Arrowette, on 09/06/2008, -2/+4Dralha, I don't think so. I wouldn't call myself a fiscal conservative by any stretch, but neither is George W. Bush. This presidential administration liked to tax like Republicans but spend like Democrats. The two together create long-term economic problems that purely fiscally conservative and fiscally liberal policies don't.
Here's the problem with their policy: capitalism succeeds as an economy because of the free flow of capital. When the government is in debt, it must borrow. Because there is a limited amount of capital to borrow in an economy, every dollar that the government borrows is a dollar that a business cannot borrow--which means that fewer startups can be created and fewer factories and offices can be built. Business cannot expand, it cannot hire new employees, and investor confidence recedes because profits are not increasing, because only assets can generate profit and business cannot acquire new assets because they cannot borrow, so they sell their stock, resulting in lower credit ratings for companies, meaning that they can borrow even less... it's a vicious cycle.
Undoubtedly Alan Greenspan recognized these facts, which is why he initially did not support Bush's tax cuts (though he did later, after whatever the administration threatened to get him to change his tune). This is just basic info from a macroeconomics class, which of course, not everyone has taken.
I wasn't intellectually cognizant at the time of the Reagan administration, but from what I know about his policies, he did exactly the same thing. The reason why the economy was so good during the Reagan years was probably because the interest rate was lowered so drastically and so immediately, from double-digits in the Carter era to historical lows. Tax cuts without spending cuts only improve economies in the short term, as more people have money in their pocket and can spend it. But it does not help much in expanding businesses. Anyway, I imagine that the poor performance of the economy during Bush Sr.'s administration was the result of Reagan's economic policy, and no fault of his own. - MWeather, on 09/06/2008, -0/+2Yeah, because that's who sells drugs to suburban white people : illegal aliens.
The only thing most drug users get from illegals is their lawn mowed. - JohnFlux, on 09/07/2008, -0/+2Arrowette, googling, it seems that Germany has a population of around 82 million and an illegal population of around 1 million. That's still around 1% of the population.
However, the problem is usually the distribution rather than the actual number. You end up with areas with a very high rates of illegal immigrants - that's where you can get problems. - galore, on 09/06/2008, -0/+2"and Bush has vetoed almost nothing ever."
Always amazed at the success of talk radio brainwashing! - centeronbudget, on 09/06/2008, -0/+1"Yesterday’s extremely disappointing employment report shows that the economy remains mired in a slump and still waiting for something to jump start a sustainable recovery. Consumer spending supported by the stimulus payments that Congress enacted earlier this year helped keep the economy growing in the second quarter, but the headwinds from still-high energy prices, a weak housing market, tight credit markets, and continuing financial market uncertainty will make it difficult to sustain economic growth as the effects of the first round of stimulus wear off."
You can read the full statement on the August unemployment report here:
http://www.cbpp.org/9-5-08ui-stmt.htm - kd1s, on 09/07/2008, -0/+1I don't know what it is but when the economy tanks I always end up doing better for some reason or another. I'm not rich by any stretch of the imagination but I always end up fully employed and making very good money even in the worst economic times.
This has been a consistent theme in my life through all the recessions from the 80's on through.
But I do know a lot of people are out of work or very scared because they could lose their job soon. I try to help where I can though. - centeronbudget, on 09/06/2008, -0/+1"Specifically, a temporary increase in aid to state governments to help them avoid budget cuts and tax increases and a temporary increase in food stamp benefits would have a high fiscal stimulus bang-for-the-buck because they would be spent quickly. An increase in low-income home energy assistance (LIHEAP) would be well-timed to keep low-income households from cutting back on other purchases when facing high energy bills. Policymakers have enacted an additional 13 weeks of unemployment insurance (UI) benefits for workers exhausting their regular benefits but, given pronounced weakness in the labor market, additional assistance to unemployed workers would help unemployed workers and be very effective stimulus as well. As with the first stimulus package, the three T’s – timely, targeted, and temporary – should be the guiding principles in designing an effective package."
From: http://www.cbpp.org/9-5-08ui-stmt.htm - inactive, on 09/11/2008, -0/+1I remember Nixon and the wage price controls that he put on that caused the hyper Inflation that they blamed on Carter!
- inactive, on 09/06/2008, -1/+2For ONLY 2 Years you ASS. ***** ass bleeder. typical republicunt.
- OfNumbers, on 09/07/2008, -0/+1I don't care if you, or anyone else here doesn't give a *****. I do. ***** abuser users who disenfranchise more people with one post than you can count on both hands.
- JohnFlux, on 09/07/2008, -0/+1goon,
You are just blaming others for your inability. If you want to claim that the stats are skewed, then you should show it. You should get economic data from IBD or WSJ and show it.
Just throwing a temper tantrum doesn't persuade anyone. - inactive, on 09/06/2008, -1/+2"Bush presided over the largest economic expansion in US history"
Are you drunk? - izackcarson, on 09/07/2008, -0/+1Private companies are too corrupt and disorganized to control my health care options. Holding health care hostage to the need to pay shareholder dividends has simply not worked.
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