Obama Sacks Unemployment

[johnwest1000]

hottttttttt

[zenbrenzz]

Wow...the economy is ALMOST as bad as it was during the REAGAN years...lest you forget..the unemployment rate was worse than now...ah, but those tax cut-for-the-rich-trickle-down-­economics plans sure work good, huh, Bu$h and Reagan?

[firestrings272]

Is this serious? Obama's advisors don't know how to jump start the economy? Ross Perot was right.

[vampin6]

You need to educate people on how to go into buisnesses by themselves instead of working for someone.

[MrTabby5000]

@vampin6 Then who will the employees be?

[MrHoppers002]

too much of anything is not good. Too many business owners or self employed means competition for orders for anything would be cut-throat.

[Armyscout1979]

The last thing I need is a lecture on unemployment from a black man.

[Armyscout1979]

then again, they are the subject matter experts

[brickly77]

the only problem is that mainstreet won't be allowed at the local town halls. Only prescreened Obama lovers will be allowed in.

[AtlasShruggery]

Nah. You must be thinking of the Bushee RepubliCon town halls where people were arrested for wearing anti-Bush tee shirts.

[brickly77]

There all the same, but if you had an anti-Obama shirt on you would not even be let in.

[AtlasShruggery]

Nah. Check out the health care reform town halls. Lotsa anti-Obama folks at those.

The Bushee RepubliCon approach was to call anyone who disagreed with their idiotic policies a "traitor". Unlike Junior Bush, Obama has the stones to face his critics rather than just demonize them.

[qualityrkc]

yeh but Obama is basically bush with better pr strategies. He has kept all the same horrible foreign policy. In some ways he is worse than Bush because he can do anything and not get called on it because fox news wont call him out on terrible foreign policy decisions because they are war mongers and the rest of the liberal stations wont call him out because they want one on one interviews. He is continueing the bush doctorine which is EXTREMELY disturbing.

[dalmatian847]

"Lot's of anti-Obama folks at those"

You mean like the Congressional Black Caucus?

[12GaugeLosAngeles]

If Obama helps people get GED's, and new career training... now every business has found was to save cash, second stimulus should be a big fat check for all of us that got layed off after the recession...

[tuckerbuch]

Is he doing that double-speak again?  Mr. Prez, you said only 11,000 jobs lost in November which figures to "basically zero in relation to the overall economy". Then later you said "I consider one job loss as one too many". I'm confused. The unemployment rate "ticked" down (.02%), the "trendline is good; the direction is clear". Perhaps the temp jobs created for the CHRISTMAS season is the reason? You know, those jobs people get for a MONTH? Wake up & quit blaming Bush! GEEZ!

[MrFreedomdemocracy]

While America complains on everything ...without bringing any solution, The Obama administration works.

January 2009: - 750,000 jobs

November 2009: - 11,000 jobs

98.3% improvement under Obama

[VictoryCough]

It's amazing, in a matter of 70 or so years, the office of the presidency has been transformed into that of a miracle worker! He can create jobs out of thin-air, credit out of thin air, money out of thin air and wealth-all out of nothing!

Get rid of labor laws, minimum wage laws and taxes that force business to go overseas.

[Orchard6773]

Unemployment will remain high until we know what the lefties have planned regarding taxes and other issues that directly affect hiring decisions. The more unknowns (tax rates, tax-and-trade scam, gov healthcare, etc.) the less likely business are to hire people.

Stop the spending and lower taxes. It's a simple formula and has worked time after time.

Obama's radicals don't seem to get these simple concepts as they've apparently had very little private sector experience (real jobs).

[chessgame1960]

In an attempt to create jobs Pres Obama joined with rich white boy financers, minority set aside organizations and other special interests to decide how better to enrich foreign workers at the expense of American workers. In similar fashion to the stimulus, bailouts, proposed cap & trade, heath care reform and other federal programs Obama feels he can further enrich foreigners. The only problem is the 2010 elections but the administration feels it can overcome that obstacle with climate change.

[FilmBorne]

Believe it or not. This is 1000% true. Saudi prince of dubai, Warren Buffet, Bill Gates, Google, all billionaires could lost their billions saving account. EVerything they own.

If no job is created or wealth for poverty. We will be heading real great depression. One last strike... Stockmarket will crash for worst.

For real. WALL STREET is not fucking game. It's most fucking dangerous market all time. have you seen Lehman brothers?

millions of stockholding companies will be bankrupt.

[kindoftough]

I really wish this were true; anyone in the real world knows and can see it's the temporary retail sector during christmas causing the increase. Brace yourself for the january report.

[sikovit]

How about.....ALL THE things you promised.....

Repeal NAFTA, Repeal The Patriot Act, STOP the WARS, Audit the Fed, End LOBBYIST practices, End corporate Monopolies.......Oh and of course STOP PROPOSING more TAXES for small businesses to PAY....That will help...lol

[BlameRepublicans]

I you go to Obama's campaign site which they no longer update, but is available to view you can see he made none of the promises you are whining about.

[sikovit]

watch ?v=4L s S pp Yx SH k

[dalmatian847]

Ho about the 3.5 million jobs he promised would be created if his stimulus plan was approved?

I'll bet that one isn't on the campaign site either.

[BlameRepublicans]

He made no such promise. It took FDR and the LIBERALS 13 years to foster the economy back up on her feet after the Republicans brought about the crash in 29 and triggered the Great Depression. Too bad you failed to hold Bush to standards.

[VictoryCough]

So how do you account for the depression of 1920? The liberals? The liberals were republicans back then and democrats were segregationist. You lack an understanding of economics and history. Instead of spending so much time arguing on youtube, go read articles from a think tank or something.

[BlameRepublicans]

Numb nuts the Great Depression started in 1929. How can you be this stupid and still breath on your own.

[VictoryCough]

Keynseianist never bring up the depression of 1920-21 to make sure the general public thinks the new deal worked. Unemployment was 13% and GNP fell to 17% Secy of Comm. Herbert Hoover said only massive govt. intervention could get us out of it. Instead, Pres Harding cut the budget in half, slashed all taxes and reduced national debt by 1/3. By 1922 unemployment was 2.3%.

"Central Banks are a war against reality" - Thomas E Woods Jr.

[BlameRepublicans]

All very interesting and totally false. We all know the Great Depresion was caused by your beloved crimal GOP.

[AtlasShruggery]

Typical RepubliCon bullshit. The budget cuts and debt reduction were the inevitable result of the end of World War I. The very same economic policies instituted by Harding and continued under Coolidge and Hoover are what led to the 1920s bubble and ultimately to the Great Depression. Similarly, the Bushee RepubliCons cut taxes and eschewed regulation and gave us the current economic mess.

[VictoryCough]

I've voted for one republican my entire life, an alderman! The rest have been 3rd party. You don't understand speculative bubbles, not even the most progressive New Dealers believe budget cuts and debt reduction contribute to the business cycle! The Fed did NOTHING between 20-23 and the contraction was over in a year! Look what at Japan in 1920! They tried to prop up prices for one year and had 7 yrs of stagnation! The US endured its depression and the market corrected itself, in a year!

[VictoryCough]

It's amazing that you think the key to prosperity is keep unbalanced budgets and create credit out of nothing! What if you lived like this, constantly overdrawing your checking account and running up credit cards-it would work for a while, but eventually your phony wealth would be exposed. To think Hardings policy were inevitable is naive. If they were inevitable, why do Keynseianists criticize him for them? Why did harding speak at great lengths about why he cut the budget?

[AtlasShruggery]

"key to prosperity is keep unbalanced budgets and create credit out of nothing!"

Nice straw man, Dorotthy. There is a time for deficit spending just as there is a time for debt reduction.

Exactly which Keynesians criticzed Harding for winding down the military budget after WW1? Please be specific.

Hoover's policies from 1929 to 1932 were the same as Harding's. The result was that the economy contiunued to collapse. Is it just coincidence that the economy began turning around in 1933?

[VictoryCough]

Volcker, Greenspan (even when he claimed free markets work), Scott Marler, Krugman (conscience of a Liberal), Tobin-all believed Hardings actions led to the depression. You're ignoring the fed's actions actions after 1923, when they decided the money supply should be inflated. contractions going back to the revolution are due to easy credit and inflation of the money supply. Do you believe in the business cycle? When is deficit spending ever acceptable? How can you equate debt to prosperity?

[AtlasShruggery]

"You're ignoring the fed's actions actions after 1923, when they decided the money supply should be inflated."

Uh, no. Maybe you should review your economic history. The money supply was lower in 1923 ($8.9 billion) than it was in 1921 ($9.1 billion). In fact, the money supply in 1929 ($8.9 billion) was also lower than it was in 1921.

Deficit spending is good policy in the event of national emergencies such as WW2 & when the conomy is in a liquidity trap such as we are in now.

[VictoryCough]

Your citing M0 and you know it! The fed increased the money supply from mid 23-29 by 60%! It was this reckless money and credit growth that brought about the conditions for a depression that lasted 3X longer than any previous one! Keynseianst cite low commodity and goods prices as proof the fed didn't have a wild policy-in reality it was coolidges tax cuts that spurred innovation and made products cheaper. The contraction of money was aug 29 -33. In short they tried to make paper act like gold.

[AtlasShruggery]

No, I'm citing M2. You can check it for yourself at Data360.

Do you actually think it was just coincidence that the economy reversed course after 1933?

[VictoryCough]

not sure if Demand and Time deposits and the feds discount rate is part of m2, I'm pretty sure it is not. But the point remains the same, they inflated during 23-29, then deflated after 29! How do you explain FDR's campaign promises versus his actions in office? Rexford Tugley? How about recov coming from SCOTUS abolishing NRA and AAA! Look what happned after 35! look at unemploy from 35-37! FDR caused the 1st depression w/ in a depression! And then came Wagner Act...

[VictoryCough]

Again I point to Japan's industrial stagnation from 20-27, they propped up artificially high commodity prices for one year and had 7 years of stagnation! To assume this same law won't apply to the US economy is naive! Look at Zimbabawe, to think that can't happen here is insane! Look at what happens with artificially high home prices! This is all the result of failed Keynsian economics.

[BlameRepublicans]

The "I'm not a Republican Republican" fever strickes again

[AtlasShruggery]

The RepubliCons hate it when you use facts. The facts have a liberal bias.

[BlameRepublicans]

YES! I love watching them lie and cry.

[dalmatian847]

Nice to see you've awoke from your coma. He made just that promise, I suggest you listen to his radio address immediately after his stimulus package passed.

Clearlyhistory is not forte either . FDR amd liberals EXTENDED the Depression with their idiotic policies.

I'll leave you with a quote form Henry Mongenthau, FDR's Treasury Secretary in 1939 ""We have tried spending money. We are spending more than we have ever spent before and it does not work. "

Knowledge is Power, you are weak.

[BlameRepublicans]

Right - now FDR was a creation of the "Liberal Media"? You fucking douche bags are so desperate you lie cheat steal, and make up new history to prop up your failed agenda.

[AtlasShruggery]

"FDR amd liberals EXTENDED the Depression with their idiotic policies."

Where'd you get that bullshit, Faux News? The economy collapsed from 1929 to 1932 while you RepubliCons controlled the entire US government & did nothing. Do you think it's just coincidence that the economy began recovering in 1933 after FDR bailed out the banks & began an expansive fiscal policy?

"I don't worry about the deficit" - Ronald Reagan

"Reagan taught us deficits don't matter." - Dick Cheney

[dalmatian847]

Where did I get that bullshit? How about The Department of Labor? Let's have a lookie shall we?

Average Unemployment rate for years 1929-1932 =12.79% just terrible. I agree until you compare what happened next...

Average unemployment rate from 1933-41? a.k.a The New deal Era?

17.45%

Ain't basic math a bitch?

What got the U.S out of the Depression was WWII which in hindsight benefitted FDR more than anything in the New Deal.

Try to think critically instead of being a tool.

[dalmatian847]

What do Reagan and Cheney have to do with the New Deal and FDR's failed policies?

At least get your rant straight and stick to the topic.

But seeing you brought it up, average unemployment during the Reagan years was 8.4 % which included the 1982 Recession.

Under Obama it went from 6.8% to 10% and likely higher.

Unlike Reagan, who created short term deficits in exchange for long term prosperity, Obama creates long term deficits for short term jobs.

Obama =1 term

[AtlasShruggery]

Unemployment was 7.2% when corrupt Hollywood airhead Ronald Reagan took office. It soared to 10.8% after two years of Trickle Down Reaganomics. Fortunately for the country, Volker got inflation under control and the RepubliCons lost the Senate in the 1982 midterms.

The point of Reagan's "I don't worry about the deficit" and Cheney's "Deficits don't matter" quotes was to point out how disingenuous you GOPer clowns are when you blubber about deficts.

[VictoryCough]

Hoover did nothing? The smoot-hawley act put thousands of industries out of business, lowered wheat prices from $1 a bushel to .30, then he gave subsidies to farmers. He signed the Revenue act doubling the income tax, lowered exemptions, abolished earned income credit and created gift, gas and auto tax. Roosevelt ran on 25% reduction in spending, sound gold money, removal of farm subsidies and ending hoovers spending spree! Rex Tugwell decades later admitted they were following hoovers policies!

[gameragodzilla]

dude, the economy recovered after WW2. the huge gov't spending actually increased it. hell, FDR's secretary of treasury himself admitted it.

here's what he said: "I say after eight years of this Administration we have just as much unemployment as when we started. ... And an enormous debt to boot!"

yeah, even the gov't disagrees with you on this one.

[AtlasShruggery]

dude, you're a typical RepubliCon. Ignorant of history and weak at math. The unemployment rate was 24.9% in 1933 when FDR took office. It fell to 14.3% by 1940. Didn't they tell you that on Faux News?

[gameragodzilla]

got proof?

here's mine.

blog heritage org/wp-content/uploads/2009/01­/newdealunemploy jpg

put dots where the spaces are.

[gameragodzilla]

btw, heres my source of the quote.

patterico com/2009/03/02/a-quote-to-star­t-your-day/

if anyone's ignorant of history, it's you, bud.

[AtlasShruggery]

"got proof?"

Yep. My numbers are from the Bureau of Labor statistics web site. Check for yourself. Read 'em and weep, bud.

The quote from Morganthau means nothing. The stats speak for themselves.

Here's a couple of quotes for you:

"I don't worry about the deficit" - Ronald Reagan

"Reagan taught us deficits don't matter" - Dick Cheney

Is that the government speaking?

[gameragodzilla]

yeah, and i gave my stats.

i love how in the same stats, unemployment went back up in the middle. the drop was when many of FDR's deals were declared unconstitutional. the economy rebounded when ww2 started, which started in 1939.

and that quote was from the secretary of treasury (the guy who would be running that thing in the first place). if anybody knew the stats, it'll be him.

i'm talking about unemployment, not the deficit.

[gameragodzilla]

and let's not forget that the depression officially started in 1931. at the time, it was at 15.9% according to your chart. after FDR spent a shit load of cash, the unemployment rate was still around the same level. sure, it went up and back down, but nothing improved from when the depression started. it took ww2 to get us out.

[gameragodzilla]

one final thing (i have to leave):

here's the reason why you saw a "drop" in unemployment rates. when FDR first put the new deal into effect, tons of it were declared unconstitutional (and thus, were not used anymore). the economy started to recover. afterwards, GOING BY YOUR OWN DATA, FDR put a second new deal (which was approved). unemployment went UP to 19%. WW2 started in 1939. by 1940, unemployment was around 14%. so even by your own data, FDR's new deal was a failure.

[AtlasShruggery]

"i'm talking about unemployment"

Nah. You're talkin' out yer ass because you got caught misstating the facts. The US entered World War II in December 1941. Unemployment fell to 4.7% in 1942. The rise in unemployment in 1936 took place precisely because the Hoover Republicans on the Supreme Court shut down many New Deal programs.

[gameragodzilla]

the U.S was involved in the war since the beginning. we weren't fighting, but we were lending things and helping the allies. stuff like that creates jobs. the new deal was declared unconstitutional in 1935. by 1937, unemployment was around 14%. that was the same year FDR put his second new deal into play (which was approved). unemployment was around 19% in 1938. this was using YOUR OWN DATA.

read your history.

[gameragodzilla]

census gov/prod2/statcomp/documents/C­T1970p1-05 pdf

this was done by the census bureau, and were the "official" numbers at the time.

this chart was based off of it: blog heritage org/wp-content/uploads/2009/01­/newdealunemploy jpg

(add dots where there are spaces for both of them)

each stat supports my claim that FDR failed. hell, your statistics helped my case more than yours.

[momenabdulla]

Here in South East Asia we have absolutely no recession.

Specially since all that stolen money from dubai has transfered here.

The housing prices are increasing steadily.

More jobs are created each month.

No longer you americans have any value for those kikes.

[BlameRepublicans]

Isn't you post nothing more than a gook calling a kike a "spic"?

[momenabdulla]

Worshiping Kikes is not free.

You should pay for it.

Either by your blood in Iraq or Afghania.

Or by a life time of slavery.

[wetweasel56]

All Obama would have to do is make E-Verify mandatory for all businesses and pass laws to make employers pay stiff fines for hiring illegals.

12 million new jobs would be created overnite!

Are American citizens less important than people who break our immigration laws?!?!?

[shshshsht]

More ideas???????? I thought Odummer had all the answers.

[prepper1987]

@pauli9363 unemployment rate went down in november because less people were looking for work. They just aren't counting the unemployed anymore. Fudging the numbers.