I worked for 3 weeks at first job in 6 years and 3 weeks at the second 3 weeks at the third oh sure there are jobs out there most of them are low pay or no pay.
I was recently at my job I forgot to clock out after 4 years and collected 2million dollars. So my manager turned into a ghost and went into the parking lot and burned it down.
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Christina Romer resigned as Chairman of the President’s Council of Economic Advisers.
According to the Bloomberg story: Romer, 51, pushed last year for Obama’s $787 billion stimulus package as unemployment rose from 7.7 percent. She quit as a U.S. economic recovery propelled by government spending and financial bailouts show signs of slowing, and unemployment exceeding [...]
Any employer is going to hire people if he figures that he can make money from their labor - period. There is no other reason to hire someone. I employed 3 people before Bush abandoned capitalism and killed the economy and Obama came in to continue to drive the stake through the economy's heart. With Obamacare, etc. on the books I will never employ another person again. I will contract out for help when I need it, but fulltime emplyment is out of the question. The costs outwiegh the rewards
@amazingyou1uber Are you implying that if a government raises taxes, then the government can use that money to create jobs? We have high unemployment in California, and higher taxes.....Spain comes to mind too, as well as France. Denmark is relatively free market for Europe, and the US! The only "socialism" generally left is income transfer, from young to old, and healthy to sick.
@amazingyou1uber 9.5% is not high, between states its only a small difference. Not to mention the restrictions that are placed on companies, play much larger role in employment. Look at California, same tax rates yet very high unemployment. The question is not state tax rates, but Federal.
@amazingyou1uber It also is a small populated state with very little industry compared to other states...I happen to know because I lived there for a couple years......sorry bud, has nothing to do with your skewed politics....Vermont is socially liberal, not so much fiscally liberal
The market rebounded ~4000+ points and has hit over 11,000. Only complete idiots expect the economy to fully recover shortly with all the debt and problems caused by trillions in derivatives that still need to be worked out and fixed. Tarts asking where are all the jobs can kiss my ass, why dont you ask that to the businesses shipping them out overseas and merging 5 jobs into 1 because they dont want to pay people properly?
@Shyhalu look at the dow priced in gold which has a constant value not like the dolar that loses value especially in the last 2 years with the fed printing dollars like crazy and u will se that de dow is at 11,000 only because of inflation
@icege3 If you think thats entirely due to inflation and not heavily due to stability coming back whereas investors arent pulling out of everything anymore, you can join the group of idiots asking where the jobs are. My food prices have barely gone up and I still see nice deals. The gas prices have not sky rocketed either. If inflation was a huge issue, the price of gold would have raised to meet it.
@icege3 Did you even look at this fucking chart? Nevermind, don't bother, I'm not interested in arguing with an idiot devoid of reality. You can call inflation on me when I'm paying 10 dollars for a carton of milk.
@Shyhalu i think ur reading the chart wrong its understandable the ratio isn't well explained when the chart goes up it means that u need more ounces of gold to by one share DOW put in plain therms
@icege3 No, I'm not look at any more of your crap, I gave you the benefit of the doubt once, you dont get it again. Dont bother me unless you are going to explain why my groceries at the local stores did not sky rocket in price with inflation. Prices did not skyrocket nor go up much as would be expected with a 4000+ point market increase over about 2 years if it was due to inflation. I fail to see where you have any grounds to stand on.
@Shyhalu i don't have neither the time or char count to teach u economics stock prices are mostly based on fear of devaluing dollar and the confidence of share holders have that a company will survive food prices are mostly based on supply and demand and because of the recession should be falling drastic yet they rouse 20% anyway i can only lead u to water i cant make u drink
@icege3 Come back when you have proof of claim. Until then its a bunch of fear based garbage, would it really kill you to think that the government actually did something semi good for once? The market does not shoot up 4000+ points in a short 2 year period without the price of goods going up. The general public does not have tons of money nor less valueable money without prices going up. Overrall everything in my area and the next town over are still at what they were before or near it.
@icege3 The problem is, you did not lead me to water, you lead me to a bunch of fear mongerers sitting in a group and shitting into a pile while calling it water. Inflation hit a bit, but to call the entire market recovery due to inflation is just stupid.
@Shyhalu Right on! How dare this assbag try to argue his opinion. Next time, PM me first and we'll both shout him down with personal attacks and obscenities.
@d0861 Let me know when his opinion is correct and factual and isnt propagandaish crap. Until then, both of you can suck my left nut until your trip to hateandfearland ends.
@d0861 Only the subsection reserved for stupid people talking about things they dont understand or claim outlandish things are true that they cant prove. That would be my dream job.
@Shyhalu Why wouldn't a company want to merge five jobs into one? If I owned a business and payed five people for the work that one person was capable of, it would hardly make sense to retain the four others.
@d0861 That wasnt my point you moron, of course companies would love ot have a guy that can perform 5+ jobs. You find me a worker that wants to perform 5+ jobs and get paid the same amount that doing 1 job would get paid, let alone can qualify for those jobs. You dont understand what is going on, so just shutup.
@Shyhalu Thanks for the personal insults. If a worker takes on the responsibilities of four other people, and doesn't get a raise, it is because he or she doesn't warrant a raise based on comparable salaries of similar jobs. Otherwise, said employee would bolt for another job, and the hypothetical company would need to fill five positions. So the fact that they retain that one person proves that they, in fact, are "paying people properly."
@d0861 Which is jobs getting destroyed, which was my point you dumbass. If you want to bitch about jobs disappearing, bitch to the companies killing them. I see hundreds of unfilled positions for jobs that have insane requirements, I've read quite afew articles and interviews about headhunters and etc being generally frustrated because they cant fill these jobs. You dont know what the hell is going on, so just drop it.
@Shyhalu So you think unemployment would be at 9.2% (as of September) if the economy didn't capsize, because of outsourcing and "not paying people properly"? I think it is entirely plausible that companies are waiting to see what additional financial legislation gets passed (and the effects of such legislation) before they feel comfortable in expanding.
@d0861 It would be significantly less, but headed towards a bad trend as it was before the capsize. The economy did not capsize due to outsourcing.....And no, I dont find that plausible. If that were the case in entirety, you wouldnt have jobs being posted. These are businesses that dont understand what downsizing is. They want to downsize while keeping their profit margins and etc up high. They essentially want to have their cake and eat it too.
@d0861 WHAT claim? I do not need to say that the market is not entirely inflated, YOU need to prove that claim. I am simple not accepting your claim. Further, Should I claim the opposite, I present food and gas prices. Inflation rises, dollar gets devalued, prices rise as people have more money to spend. Inflation has hit a bit but prices have not skyrocketed, is it really that hard to believe the market is recovering, albeit on shaky grounds, but recovering nonetheless?
@d0861 But I'll entertain the plausibility, run the numbers by me for any of the financial legislation and how it would impact cost so much that you need to merge 2 to 4 jobs into one and demand years worth of experience.
@d0861 Actually, forget downsizing. Explain to me why you would merge jobs to hire one person rather than have seperate jobs at a lower salary? Honestly, they dont even pay a high salary for that one person either.
You know the green jobs that were put out by the stimulous and etc? They are having problems getting filled too. Those companies would rather wait a year for a position to be filled than offer training due to fear some other company will just hire the guy they just trained.
@Shyhalu I want statistics to back up your claims, goddamnit. Everything you're say is nothing but "propagandaish crap" without the evidence to back it up. You know what? Forget it. I've given you the benefit of the doubt seventeen times already. Oh, and also, you're a moron and an idiot.
@d0861 You want to make a claim, I ask you for your proof of claim. Dont start this prove a negative bullshit. Show me how the legislation is going to devestate employees so much that they feel the need to merge 3-4 jobs into one while demanding years upon years of experience.
@d0861 "Oh, and also, you're a moron and an idiot.", I guess call people names is how you "debate" wherever the fuck you're from. Im amazed at out all 3 of you are hypocrits. Wait a minute, no I dont....you are hate and fear spreading morons, I generally expect that. Go join the tea party imo. Maybe Palladino will send you some animal porn while preaching family values.
@d0861 So, as I said before, you should be asking those companies and similiar where the hell the jobs are rather than blaming government for legislation that does not effect all businesses and hasnt even been passed yet, in which Im going to assume you wont be able to run the numbers to support your claim.
@d0861 They DONT retain that one person because they cant find that one person because they are all trying to draw from a small pool of talented people who are practically non existent.
The main parallel with the economy of FDR and President Obama is that Wall Street went out of whack and destroyed Main Street. Most other dynamics are vastly different. The US has been losing manufacturing jobs abroad for more than 30 years. where was US manufacturing going to go in the 1930"s? At the time of FDR, mass labor jobs would improve the economy. Because of technology, there are very few mass labor opportunities.
If states and local governments had more power and not the Feds, you would see competition of policies and more people "voting with their feet" - aka moving. We all lose when the Feds try to monopolize how 300 million people are supposed to interact with each other.
When GWB was Prez, every leftie on TV would say "it's the worst economy in 50 years" or "it's the worst since the Great depression" but now we are 5 TRILLION MORE BUCKS IN THE HOLE, unemployment has doubled, etc and none of them say anything about how shitty the economy is.
@btwall60@btwall60 No, its that you're so wrong its a disgrace to our species. Can you show me a clip where obama or any democrat is screaming the market is fucking fantastic. I can show you plenty where our president is saying this is the worst economy we've had since the great depression. That entire line of argument was used to initiate the bailouts under bush and stimulus spending. Fucking idiot, even the democratic base is unhappy with the administration's progression on the economy
@Shyhalu Gee, you youtube tough guys always have no picture :) Of course you and Owebummer say it's a "bad economy" as long as you can fit the name George Bush in there. As you have done. He can't take the blame on his shoulders. whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
@btwall60 If I had picture, you'd claim it was fake anyway so I fail to see your point. "Of course you and Owebummer say it's a "bad economy" as long as you can fit the name George Bush in there." So you were wrong when you said you dont see democrats claiming its a bad economy. Congratulations on disproving yourself, moron.
@btwall60 And for the record, I approve of the bailouts Bush started, probably one of the few good things he did. I just dont like the scum it went to. Factor that into your equation and come back when you are done scraping the shit out of your biased ears. Who knows, maybe you will accidentally jumpstart your brain into actually working.
@Shyhalu oh, shyhalu has spoken. he approves of the bailouts. george bush therefore did something good! give me a break, who the fuck cares what you say. one can be no worse off pulling a random unemployed on the street and asking to heed his economic wisdom.
@spyletu Idiot, that was in response to him hinting at me being biased. "it's a "bad economy" as long as you can fit the name George Bush..." is what I was responding to, improve your reading comprehension you stupid fuck.
@Shyhalu worry about the presentation of your speech after they gain some substance. bias is the least of your concern right now. in the time you spent cussing, you could have expanded your economic knowledge a hundred fold. because you start out with so little.
@spyletu Really? I suppose I should learn from someone who sends me a personal message telling me to go flip burgers, right? Is that how all you economic masters do it? Hypocrit, refrain from telling me not to curse as you go and do something that pathetic. Do your virgin ears hurt every time I swear or something?
Barry will try to take credit for any improvements and the lame stream media will support him.
Predection: The upcoming election will cause a legislative gridlock. As conservatives won't be able to remove or mitigate The O's destructive policies; the economy will continue to stagnate. This stagnation will be blamed on the Republicans by Barry and the lamestream media.
Will Barry win a 2nd term? That depends on how many libtards can put the bong down long enough to find a voting booth.
this is driving me nuts. any economist that does not subscribe to keynsianism knows that everything the government is doing is wrong. i wish more people learned economics..
this economy is not recovering because the current leaders masked the problem and bailed out the wrong sectors. if this continues, we as Americans have to stand united and quit giving them their pay checks......meaning stop paying your taxes to these crooks!
@medlock01 just because you didnt vote for them does not change where the country has headed. we as individuals have to take more responsibility by starting with our local governments. instead of saying vote them out,start to petition them out of their position!
The top 1% is hoarding 1 trillion cash to punish the middle class for voting for a Democrat. War ended the Depression. War fueled by government spending.
@smartasscomments Hoarding cash? First of all that cash is always tied in the business, second, the cash they do have on hand is being held in gold and other various assets due to inflation. And as the video has just A SECOND AGO explained to you (that is even if you watched it). Rich are not hiring, because they dont know if it will be profitable to do so. has nothing to do with your paranoid theory.
Yes, and profit is based on sales. Without sufficient aggregate demand, businesses will not increase production, thus not hire additional labor. Rather than enable the economy to wallow in high unemployment and stagnant growth, the government can directly employ people and initiate other spending policies in order to promote demand, which will spur economic recovery.
@TheAtheistAllegiance And to pay those people that government hires at much higher pay rates which are not sustainable by taxes = need more taxes= private companies can afford to hire less= government needs to hire more people because private sector is laying off= gvt hires at unsustainable rate= needs more taxes= you get USSR with 100% state run economy
There is the option of deficit spending, and there is also the factor of money not being circulated in the economy. Many rich individuals hold their money, and they can easily afford higher tax rates, which does not won't crowd out the market. The real-world evidence is not perfectly consistent with that theory.
So, money is essentially redistributed through federal employment to people who will spend the money, spur production, and eventually initiate private sector job creation.
@TheAtheistAllegiance Deficit spending as the examples we had under Bush and Now Obama, does nothing but creates giant debt. And what Rich can afford or not, is not for u to decide, if the rich think they can not make a profit, they will simply lay off unnecessary workforce. Or even close business and move overseas, a it is already shown in the manufacturing example. Time and time again, your theory has been proven wrong.
That's because the majority of the stimulus and TARP was intended for preserving industries/jobs with tax cuts and federal extensions to state budgets. Barely any of the stimulus was geared directly toward job creation, yet it still created in between 1.4 and 3.3 million jobs, as estimated by the CBO.
There's utilitarian value in taxing the rich, which is used to help the poor, and outsourcing is a consequence of Free Trade policy -- not US tax rates, which are historically low.
@TheAtheistAllegiance Those Jobs created, were despite the facts. We have lost more jobs than market created, dont attribute it to those ridiculous programs. There is no value in overtaxing anyone, and the only way you can help the poor, is help them get a job. And if companies can make same products for similar cost, in safe USA, no free trade agreements would ever make them go overseas.
Those jobs created were not "despite the facts". The CBO is one of the most reliable institutions in the nation.
The government can't help the poor obtain a job without revenue, which has to be generated by taxes.
Labor costs *are* higher in the US. Either US workers will have to accept 50 cents an hour, or Free Trade will have to be replaced with Fair Trade; otherwise, those jobs will go overseas.
@TheAtheistAllegiance If you count how many jobs lost VS created, we are at a negative. So jobs are being lost, because there is no such thing as all industries standing still and not hiring, thus 3 mil. is not an achievement when you are losing much more. The Govt. Doesnt need to hire poor, it just needs to get out of the way of businesses, so THEY can hire them.
@TheAtheistAllegiance And labor costs are indeed much higher, but so is the price of products. I never said that the sole reasons were taxes, there are many more reasons. And Fair trade will only create "trade wars", where you will endup paying much higher prices for goods. And once again, rasing taxes on businesses, will only ruin the economy even further. The so called rich are 250k and above.
The economy initially lost around 8-10 million jobs, but gained many back. These jobs are no longer continuing to be lost.
Fair Trade focuses on forming barriers in labor -- not goods. So prices will remain approximately the same, but jobs will not be lost to foreign countries, and no trade war will take place.
The corporate tax is not in question; the individual income tax is. The budget must be controlled, and the rich can afford a tax hike, while the middle-class cannot.
@TheAtheistAllegiance What are you talking about we are still losing jobs. And the very idea of levying taxes on any goods going to china, Chinese immediately threatened to raise tariffs on goods it was in the news not so long ago, which made USA to fore go the idea. And the best way to control the budget is to LOWER SPENDING and not increase taxes. The same circle all over again
The US has not lost any substantial amount of jobs due to cyclical downturn since early 2009. This is undeniable and heavily documented FACT.
Are you purposely beating up a straw-man argument? The US should adopt tariffs on outsourced labor -- not goods.
If lowering taxes magically increased revenue, then Bush's tax cuts would not have increased the deficit by 1.6 trillion. However, they did, so your entire argument is defunct.
@TheAtheistAllegiance Has not lost substantial amount? What is substantial to you? 20%? How exactly are you going to levy tariffs on foreign labor, if not through higher tariffs through goods? Outsourced labor is no longer USA labor, what straw man argument? And any tax cuts have to go along with spending cuts. Its spending that increased deficit not tax cuts. Its not about what you think, its about facts, and facts are not on your side
@TheAtheistAllegiance To make it easier, look into every statistic which explains the best tax rate. The tax rate maximum of 18%. The reason is that, the higher you go the lower tax revenue you will get, it has been proven again and again. The higher the tax, lower tax revenue you will get, simply because the "rich" either start working less, or find other means to avoid higher taxation.
@TheAtheistAllegiance That's the AD/AS curve in a nutshell. The problem with it is that jobs in and of themselves are not desirable, PRODUCTION is desirable. The issue is can a central government determine what people want? This has been tried in Europe, and all that is left is scary debt as a % of GDP. Most are talking about cuts, not deficit spending.
There are many countries within Europe who model their systems this way successfully, and they do not suffer from deficits. That's solely a matter of wise and responsible government; not federal employment in and of itself.
You're right; production is desirable. However, without aggregate demand, there will be no driving force behind production, so the government must buoy demand in various ways, which will give rise to production.
There were no real benefits from the New Deal. Economists have shown that over and over. All he idid was extend the depression by doing the same kinds of things he criticised Hoover for doing.
I would say that it did really jump start our national infrastructure. I mean since then we've not done all that much and as we see a lot of that stuff is falling into disrepair.
@sapier So building the Interstate Highway system was doing nothing? Alot of the people who lived in that era all but worshiped FDR because they think he saved them from starvation and all sorts of things. Which he may have but the problem was caused by the government in the first plase. Every other panic that occurred in American history as short lived and a recovery ensued without government help. Hoover and FDR were Keynsians who did everything they could to pump up the economy to no avail.
@LordSparkisvati "Thankfully with the internet that is not as easy to do today".
Sure it is. Look at the blissful idiots swooning over "Hope and Change." How about this one..."I did not have sex with that woman!" or "Read my lips. No new taxes." Even with the internet, they will look into the mirror and see what they want to see.
@TreachMarkets It already is close to those numbers. Remember, unemployment statistics changed under the Clinton administration. Now, we only count people who are receiving benefits. If you add the people who don't qualify for benefits plus people who have given up looking for work, you would get around 22-25%. This coupled with inflation from all the excessive spending and who boy....stock up on supplies, you may need them when SHTF.
Numerous studies shed light on how awful the New Deal impacted job growth and made a Depression out of a Recession. The Stock Market was blamed them, as it is blamed now, yet in all instances, the Stock Market is a leading indicator, not a lagging one.
it literally saddens me how easily people forget. 2 years ago next Tuesday MA had the opportunity to abolish the state income tax. most crying "we don't have enough money to cut, if we do they will raise all the other taxes" well it want abolished and they raised most all taxes, and added some new ones any way. cut to now the same thing is on the table for sales tax (reduce from 6.25 - 3%) and. they have the same argument. its been just 2 years, and we will have the same outcome..........
Obumma and his not so beautiful wife are millionaire Lawyers. Obumma currently earns about 400K a year. Do U think he has a CLUE on how difficult the economy is on the American people? This POS is eating Caviar every night, and living in an all expenses paid Mansion. WAKE UP PEOPLE
Lol, just realized: If Obama = FDR, then we will have Obama for 17 more years, have to instate term limits, and will have another world war, and our economy will spring forward from the war. So, whatever.
This video is a great example of how the government systematically destroys jobs with every regulation they pass. The answer to economic growth is to get the government out of the way.
Was it not WWII that ended the Great Depression???? The war in Iraq just is not big enough. Perhaps if you add Iran as well, it would get the recovery going.
@surrealnumber During WW2 people couldn't buy much. Some things were scarce because they were needed to supply the military - gas, oil, metal, meat and other foods, for example. Sugar and coffee were very scarce. They didn't make Coca-Cola during the war because sugar was so scarce. When the war ended, more good were available and the people were spending their savings. So all the WW2 rationing forced people to save, and the pent-up savings drove the economic boom in the 40s.
@surrealnumber I wasn't trying to disprove your statement. But rationing and saving during the war is a historical fact, so i don't know what you're talking about when you say "even if that were true".
@megagagnon1 Actually in 1946 the federal government cut the budget by approx 2/3 and lowered taxes as well which led to the highest growth in gdp in US history.Not too mention that the most productive members of that era were back on US soil and ready to work.
@dirtbagstatus Yes there were lots of reasons for the explosion of growth in the 40s. But i wouldn't get too excited by the government cutting the budget by 2/3 - the war was incredibly expensive, so not having to pay for the war machine anymore explains the decreased budget.
Contrary to popular belief (and Keynesian thought), war does not benefit an economy. In fact, it takes resources away from the production of other goods that the people can use productively. It then uses a large fraction of those resources to produce things that will be destroyed. (fuel, supplies, bombs, missiles, etc.).
War actually damages the economy by destroying capital. It's like the broken window fallacy, where a rock is thrown through the shop keepers window, so the glass company benefits by selling a window to the shop keeper. Is that GOOD for the economy? No, of course not. while it may benefit the glass company, it's at the expense of some of the shop keeper's capital, which could have been used to reduce prices for the consumer, give an employee a raise, etc.
@myhipsi What if you have a war without destroying capital, like the US had during WWII. I don't think any Germans broke any shop windows in the States.
You obviously didn't understand what I was saying. War always destroys capital. Just take a bomb for example. I'm not sure what the cost is for a modern laser guided bunker buster, but I'm sure it's not cheap. Well, what happens to that bomb? I gets destroyed. That's what I'm talking about. I'm not suggesting that war is always bad, defensive war like WWII was necessary, but it does destroy capital.
@myhipsi Laser guided bombs are a good example of why the Iraq war is not helping the US economy. The bombs you are dropping in fact cost more than the capital they are destroying. And I do understand what you are saying. Do you understand that the last time capital on US soil was destroyed during a war was your civil war.
Joe biden is nothing more than an out of date old Cock Sucker puppet getting Bribes from every Tom, Dick, and Lloyd Blankfein that puts a bunch of money is his personal account. When are you American People going to get really Tu-ff and make these peoples lifes miserable, and I mean FUC*ING MISERABLE?
The National Recovery Act was a disaster for Americans. Nonsensical price controls for services, busy work and the most overlooked disaster? A bunch of central planners at the Federal Reserve that set the interest rate for money in the economy. It didn't work then and it doesn't work now. And Fannie Mae? FDR's meddlesome interference in the housing sector totally melted down and had to be bailed out by taxpayers.
if the government and the federal reserve do not reverse course immediately, we will eventually see an inflationary depression so devastating that it will make the 1930's great depression look like a coffee break. of course the liberals and marxists/Leninist will continue to blame it all on the free markets and propose that the solution is more government, when in reality it is government that caused and prolonged the problem.
When will people learn, it does not matter who you vote for, the government will still be in power? Whats the use screaming at clouds to rain? Begging your masters on both sides of the aisle for a scrap from the table that they stole your money to furnish? The state is corrupt, so by changing the hood ornaments on the train barreling down the tracks at you will NEVER stop the train. Let them keep your fucking money, your PRIDE is worth more than participating in this charade called politics.
@Kemruss Even better is the You Tuber"MarkDice" that filmed himself passing a petetion around where the header read "I AM A MORON" one person read the header and refused to sign the man was sucessful at getting a petetion signed top to bottom. Want to watch that eye opening video look in my favorites. Now he has no proof they signed their real names so to me the test is not 100% but it goes to show how easy it is to get a petetion signed just tell them what they want to hear hand them the paper.
@TheStrazy With all these government make-work programs they could create another very large dam and they could call this one "The Obama Dam." Voila! Instant dust bowl.
17% 1939 we are headed there in some places and are beyond 17% in places like Califiornia. World war 2 is what provided the engine to get us out the great depression I wonder what the percentage of the people killed off in the war globally? Humm could it be arund 20% the amount of people that were unemployed could it be that the war didn't provide jobs but just killed off the unempolyed in one form or another?
I worked for 3 weeks at first job in 6 years and 3 weeks at the second 3 weeks at the third oh sure there are jobs out there most of them are low pay or no pay.
fuzziruggi 4 weeks ago
You did a good job
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jeffersonwray833 7 months ago
What parallels can you draw from FDR's New Deal to Obama's economic plan?
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yall be racist muthas
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I was recently at my job I forgot to clock out after 4 years and collected 2million dollars. So my manager turned into a ghost and went into the parking lot and burned it down.
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jesikaadom 1 year ago
Where are the jobs???? I'll tell you where they're at!! They're in red communist China!!
baredd79 1 year ago 7
@baredd79 THey are in India and Mexico too! thats where the jobs went.
dinfg6 2 weeks ago
nationalize the banks , they can't handle money properly
swami24u 1 year ago
Christina Romer resigned as Chairman of the President’s Council of Economic Advisers.
According to the Bloomberg story: Romer, 51, pushed last year for Obama’s $787 billion stimulus package as unemployment rose from 7.7 percent. She quit as a U.S. economic recovery propelled by government spending and financial bailouts show signs of slowing, and unemployment exceeding [...]
islandmuffin 1 year ago
Well sure unemployment rates are over 10% but at least they aren't 100%. Eh? Eh?
Gotta luv them politicians. Always lookin at the bright side. :P
Bristecom 1 year ago
Vermont also has one of the lowest % of ethnic minorities
ArtStone 1 year ago
Any employer is going to hire people if he figures that he can make money from their labor - period. There is no other reason to hire someone. I employed 3 people before Bush abandoned capitalism and killed the economy and Obama came in to continue to drive the stake through the economy's heart. With Obamacare, etc. on the books I will never employ another person again. I will contract out for help when I need it, but fulltime emplyment is out of the question. The costs outwiegh the rewards
wetwingnut 1 year ago
"Army of [the] Unemployed" is a Marxist term.
Wormtail81 1 year ago
Vermont has one the highest employment levels in America. It also has high taxes.
amazingyou1uber 1 year ago 13
@amazingyou1uber because it is a liberal state full of commies
ramblnman24 1 year ago
@amazingyou1uber --you are mistaken.
Yes, Vermont does have high taxes, but they also have one of the lowest unemployment rates in the nation.
DillonDee1 1 year ago
@amazingyou1uber Are you implying that if a government raises taxes, then the government can use that money to create jobs? We have high unemployment in California, and higher taxes.....Spain comes to mind too, as well as France. Denmark is relatively free market for Europe, and the US! The only "socialism" generally left is income transfer, from young to old, and healthy to sick.
Gyrode 1 year ago
@amazingyou1uber 9.5% is not high, between states its only a small difference. Not to mention the restrictions that are placed on companies, play much larger role in employment. Look at California, same tax rates yet very high unemployment. The question is not state tax rates, but Federal.
samuils 1 year ago
@amazingyou1uber It also is a small populated state with very little industry compared to other states...I happen to know because I lived there for a couple years......sorry bud, has nothing to do with your skewed politics....Vermont is socially liberal, not so much fiscally liberal
Alexn1067 7 months ago
@amazingyou1uber I've lived in Michigan for most of my life, and without me having to exaggerate, its a failed socialist state
Alexn1067 7 months ago
Bumper sticker of the day: Does this ass (picture of Obama) make my car look bigger???
joekiddone 1 year ago
@farblonjet Literally. lol
historygenius 1 year ago
Oh shut the hell up obama, unemployment is at 12% in Florida and california. It is at 12 for me.
SuncrossChapel 1 year ago
The market rebounded ~4000+ points and has hit over 11,000. Only complete idiots expect the economy to fully recover shortly with all the debt and problems caused by trillions in derivatives that still need to be worked out and fixed. Tarts asking where are all the jobs can kiss my ass, why dont you ask that to the businesses shipping them out overseas and merging 5 jobs into 1 because they dont want to pay people properly?
Shyhalu 1 year ago
@Shyhalu look at the dow priced in gold which has a constant value not like the dolar that loses value especially in the last 2 years with the fed printing dollars like crazy and u will se that de dow is at 11,000 only because of inflation
blogs.reuters.com/rolfe-winkler/files/2009/11/dow-vs-gold.jpg
icege3 1 year ago
@icege3 If you think thats entirely due to inflation and not heavily due to stability coming back whereas investors arent pulling out of everything anymore, you can join the group of idiots asking where the jobs are. My food prices have barely gone up and I still see nice deals. The gas prices have not sky rocketed either. If inflation was a huge issue, the price of gold would have raised to meet it.
Shyhalu 1 year ago
@icege3 Did you even look at this fucking chart? Nevermind, don't bother, I'm not interested in arguing with an idiot devoid of reality. You can call inflation on me when I'm paying 10 dollars for a carton of milk.
Shyhalu 1 year ago
@Shyhalu i think ur reading the chart wrong its understandable the ratio isn't well explained when the chart goes up it means that u need more ounces of gold to by one share DOW put in plain therms
icege3 1 year ago
@Shyhalu
here is a better chart is[dot]gd/gvprt
icege3 1 year ago
@icege3 No, I'm not look at any more of your crap, I gave you the benefit of the doubt once, you dont get it again. Dont bother me unless you are going to explain why my groceries at the local stores did not sky rocket in price with inflation. Prices did not skyrocket nor go up much as would be expected with a 4000+ point market increase over about 2 years if it was due to inflation. I fail to see where you have any grounds to stand on.
Shyhalu 1 year ago
@Shyhalu i don't have neither the time or char count to teach u economics stock prices are mostly based on fear of devaluing dollar and the confidence of share holders have that a company will survive food prices are mostly based on supply and demand and because of the recession should be falling drastic yet they rouse 20% anyway i can only lead u to water i cant make u drink
icege3 1 year ago
@icege3 Come back when you have proof of claim. Until then its a bunch of fear based garbage, would it really kill you to think that the government actually did something semi good for once? The market does not shoot up 4000+ points in a short 2 year period without the price of goods going up. The general public does not have tons of money nor less valueable money without prices going up. Overrall everything in my area and the next town over are still at what they were before or near it.
Shyhalu 1 year ago
@icege3 The problem is, you did not lead me to water, you lead me to a bunch of fear mongerers sitting in a group and shitting into a pile while calling it water. Inflation hit a bit, but to call the entire market recovery due to inflation is just stupid.
Shyhalu 1 year ago
@Shyhalu Right on! How dare this assbag try to argue his opinion. Next time, PM me first and we'll both shout him down with personal attacks and obscenities.
d0861 1 year ago
@d0861 Let me know when his opinion is correct and factual and isnt propagandaish crap. Until then, both of you can suck my left nut until your trip to hateandfearland ends.
Shyhalu 1 year ago
@Shyhalu Hateandfearland, huh? Sounds like a fun amusement park. Do you manage the "hate" section?
d0861 1 year ago
@d0861 Only the subsection reserved for stupid people talking about things they dont understand or claim outlandish things are true that they cant prove. That would be my dream job.
Shyhalu 1 year ago
@Shyhalu
and the tone of this exchange is going south so u wont hear from me again
I'm sorry if i seamed confrontational before that wasn't my intention
for more info on economics i recommend
mises[dot]org or schiffradio[dot]com
I know that I know nothing
best of luck and live free and prosper
icege3 1 year ago
@Shyhalu Why wouldn't a company want to merge five jobs into one? If I owned a business and payed five people for the work that one person was capable of, it would hardly make sense to retain the four others.
d0861 1 year ago
@d0861 That wasnt my point you moron, of course companies would love ot have a guy that can perform 5+ jobs. You find me a worker that wants to perform 5+ jobs and get paid the same amount that doing 1 job would get paid, let alone can qualify for those jobs. You dont understand what is going on, so just shutup.
Shyhalu 1 year ago
@Shyhalu Thanks for the personal insults. If a worker takes on the responsibilities of four other people, and doesn't get a raise, it is because he or she doesn't warrant a raise based on comparable salaries of similar jobs. Otherwise, said employee would bolt for another job, and the hypothetical company would need to fill five positions. So the fact that they retain that one person proves that they, in fact, are "paying people properly."
d0861 1 year ago
@d0861 Which is jobs getting destroyed, which was my point you dumbass. If you want to bitch about jobs disappearing, bitch to the companies killing them. I see hundreds of unfilled positions for jobs that have insane requirements, I've read quite afew articles and interviews about headhunters and etc being generally frustrated because they cant fill these jobs. You dont know what the hell is going on, so just drop it.
Shyhalu 1 year ago
@Shyhalu So you think unemployment would be at 9.2% (as of September) if the economy didn't capsize, because of outsourcing and "not paying people properly"? I think it is entirely plausible that companies are waiting to see what additional financial legislation gets passed (and the effects of such legislation) before they feel comfortable in expanding.
d0861 1 year ago
@d0861 It would be significantly less, but headed towards a bad trend as it was before the capsize. The economy did not capsize due to outsourcing.....And no, I dont find that plausible. If that were the case in entirety, you wouldnt have jobs being posted. These are businesses that dont understand what downsizing is. They want to downsize while keeping their profit margins and etc up high. They essentially want to have their cake and eat it too.
Shyhalu 1 year ago
@Shyhalu And do you have the "numbers to support your claim"?
d0861 1 year ago
@d0861 WHAT claim? I do not need to say that the market is not entirely inflated, YOU need to prove that claim. I am simple not accepting your claim. Further, Should I claim the opposite, I present food and gas prices. Inflation rises, dollar gets devalued, prices rise as people have more money to spend. Inflation has hit a bit but prices have not skyrocketed, is it really that hard to believe the market is recovering, albeit on shaky grounds, but recovering nonetheless?
Shyhalu 1 year ago
@d0861 But I'll entertain the plausibility, run the numbers by me for any of the financial legislation and how it would impact cost so much that you need to merge 2 to 4 jobs into one and demand years worth of experience.
Shyhalu 1 year ago
@d0861 Actually, forget downsizing. Explain to me why you would merge jobs to hire one person rather than have seperate jobs at a lower salary? Honestly, they dont even pay a high salary for that one person either.
You know the green jobs that were put out by the stimulous and etc? They are having problems getting filled too. Those companies would rather wait a year for a position to be filled than offer training due to fear some other company will just hire the guy they just trained.
Shyhalu 1 year ago
@Shyhalu I want statistics to back up your claims, goddamnit. Everything you're say is nothing but "propagandaish crap" without the evidence to back it up. You know what? Forget it. I've given you the benefit of the doubt seventeen times already. Oh, and also, you're a moron and an idiot.
d0861 1 year ago
@d0861 You want to make a claim, I ask you for your proof of claim. Dont start this prove a negative bullshit. Show me how the legislation is going to devestate employees so much that they feel the need to merge 3-4 jobs into one while demanding years upon years of experience.
Shyhalu 1 year ago
@d0861 "Oh, and also, you're a moron and an idiot.", I guess call people names is how you "debate" wherever the fuck you're from. Im amazed at out all 3 of you are hypocrits. Wait a minute, no I dont....you are hate and fear spreading morons, I generally expect that. Go join the tea party imo. Maybe Palladino will send you some animal porn while preaching family values.
Shyhalu 1 year ago
@d0861 So, as I said before, you should be asking those companies and similiar where the hell the jobs are rather than blaming government for legislation that does not effect all businesses and hasnt even been passed yet, in which Im going to assume you wont be able to run the numbers to support your claim.
Shyhalu 1 year ago
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spyletu 1 year ago
@d0861 They DONT retain that one person because they cant find that one person because they are all trying to draw from a small pool of talented people who are practically non existent.
Shyhalu 1 year ago
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d0861 1 year ago
If you compare Obama to FDR, he will take it as a compliment.
donttreadonmyass 1 year ago
Being a Libertarian is often very depressing. And Ted's closing statement encapsulates exactly why.
SoraxTheOriginal 1 year ago 3
@SoraxTheOriginal we're not wishful thinkers.
donttreadonmyass 1 year ago
The main parallel with the economy of FDR and President Obama is that Wall Street went out of whack and destroyed Main Street. Most other dynamics are vastly different. The US has been losing manufacturing jobs abroad for more than 30 years. where was US manufacturing going to go in the 1930"s? At the time of FDR, mass labor jobs would improve the economy. Because of technology, there are very few mass labor opportunities.
olzt100 1 year ago
If states and local governments had more power and not the Feds, you would see competition of policies and more people "voting with their feet" - aka moving. We all lose when the Feds try to monopolize how 300 million people are supposed to interact with each other.
mamaway 1 year ago
When GWB was Prez, every leftie on TV would say "it's the worst economy in 50 years" or "it's the worst since the Great depression" but now we are 5 TRILLION MORE BUCKS IN THE HOLE, unemployment has doubled, etc and none of them say anything about how shitty the economy is.
btwall60 1 year ago
@btwall60 Get the shit out of your ears and maybe you would hear better.
Shyhalu 1 year ago
@Shyhalu
a very well thought out comment. It's not that I'm wrong huh? it's just that I'm to damn right :)
btwall60 1 year ago
@btwall60 @btwall60 No, its that you're so wrong its a disgrace to our species. Can you show me a clip where obama or any democrat is screaming the market is fucking fantastic. I can show you plenty where our president is saying this is the worst economy we've had since the great depression. That entire line of argument was used to initiate the bailouts under bush and stimulus spending. Fucking idiot, even the democratic base is unhappy with the administration's progression on the economy
Shyhalu 1 year ago
@Shyhalu Gee, you youtube tough guys always have no picture :) Of course you and Owebummer say it's a "bad economy" as long as you can fit the name George Bush in there. As you have done. He can't take the blame on his shoulders. whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
btwall60 1 year ago
@btwall60 If I had picture, you'd claim it was fake anyway so I fail to see your point. "Of course you and Owebummer say it's a "bad economy" as long as you can fit the name George Bush in there." So you were wrong when you said you dont see democrats claiming its a bad economy. Congratulations on disproving yourself, moron.
Shyhalu 1 year ago
@btwall60 And for the record, I approve of the bailouts Bush started, probably one of the few good things he did. I just dont like the scum it went to. Factor that into your equation and come back when you are done scraping the shit out of your biased ears. Who knows, maybe you will accidentally jumpstart your brain into actually working.
Shyhalu 1 year ago
@Shyhalu oh, shyhalu has spoken. he approves of the bailouts. george bush therefore did something good! give me a break, who the fuck cares what you say. one can be no worse off pulling a random unemployed on the street and asking to heed his economic wisdom.
spyletu 1 year ago
@spyletu Idiot, that was in response to him hinting at me being biased. "it's a "bad economy" as long as you can fit the name George Bush..." is what I was responding to, improve your reading comprehension you stupid fuck.
Shyhalu 1 year ago
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spyletu 1 year ago
@Shyhalu worry about the presentation of your speech after they gain some substance. bias is the least of your concern right now. in the time you spent cussing, you could have expanded your economic knowledge a hundred fold. because you start out with so little.
spyletu 1 year ago
@spyletu Really? I suppose I should learn from someone who sends me a personal message telling me to go flip burgers, right? Is that how all you economic masters do it? Hypocrit, refrain from telling me not to curse as you go and do something that pathetic. Do your virgin ears hurt every time I swear or something?
Shyhalu 1 year ago
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spyletu 1 year ago
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spyletu 1 year ago
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spyletu 1 year ago
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spyletu 1 year ago
2 people have faulty mice.
ScrollAndKeyBeatz 1 year ago
Barry will try to take credit for any improvements and the lame stream media will support him.
Predection: The upcoming election will cause a legislative gridlock. As conservatives won't be able to remove or mitigate The O's destructive policies; the economy will continue to stagnate. This stagnation will be blamed on the Republicans by Barry and the lamestream media.
Will Barry win a 2nd term? That depends on how many libtards can put the bong down long enough to find a voting booth.
Claymore5by5 1 year ago
this is driving me nuts. any economist that does not subscribe to keynsianism knows that everything the government is doing is wrong. i wish more people learned economics..
redrajani 1 year ago
this economy is not recovering because the current leaders masked the problem and bailed out the wrong sectors. if this continues, we as Americans have to stand united and quit giving them their pay checks......meaning stop paying your taxes to these crooks!
cloakedaxiom 1 year ago
Well made video.
dannydoespiano 1 year ago
Biden,Obama and Pelosi are such economic IDIOTS. Thank goodness I didn't vote for them...
medlock01 1 year ago
@medlock01 just because you didnt vote for them does not change where the country has headed. we as individuals have to take more responsibility by starting with our local governments. instead of saying vote them out,start to petition them out of their position!
cloakedaxiom 1 year ago
FDR was a tyrant. He detained 100,000 Americans without due process.
MooseOfReason 1 year ago 2
"Let them dring alcohol" (while we bankrupt them and chase manufacturing jobs overseas with Progressive-Socialist Redistribution and Regulation.)
yakyakyak69 1 year ago
The top 1% is hoarding 1 trillion cash to punish the middle class for voting for a Democrat. War ended the Depression. War fueled by government spending.
smartasscomments 1 year ago
@smartasscomments Hoarding cash? First of all that cash is always tied in the business, second, the cash they do have on hand is being held in gold and other various assets due to inflation. And as the video has just A SECOND AGO explained to you (that is even if you watched it). Rich are not hiring, because they dont know if it will be profitable to do so. has nothing to do with your paranoid theory.
samuils 1 year ago 3
@samuils
Yes, and profit is based on sales. Without sufficient aggregate demand, businesses will not increase production, thus not hire additional labor. Rather than enable the economy to wallow in high unemployment and stagnant growth, the government can directly employ people and initiate other spending policies in order to promote demand, which will spur economic recovery.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance And to pay those people that government hires at much higher pay rates which are not sustainable by taxes = need more taxes= private companies can afford to hire less= government needs to hire more people because private sector is laying off= gvt hires at unsustainable rate= needs more taxes= you get USSR with 100% state run economy
samuils 1 year ago
@samuils
There is the option of deficit spending, and there is also the factor of money not being circulated in the economy. Many rich individuals hold their money, and they can easily afford higher tax rates, which does not won't crowd out the market. The real-world evidence is not perfectly consistent with that theory.
So, money is essentially redistributed through federal employment to people who will spend the money, spur production, and eventually initiate private sector job creation.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance Deficit spending as the examples we had under Bush and Now Obama, does nothing but creates giant debt. And what Rich can afford or not, is not for u to decide, if the rich think they can not make a profit, they will simply lay off unnecessary workforce. Or even close business and move overseas, a it is already shown in the manufacturing example. Time and time again, your theory has been proven wrong.
samuils 1 year ago
@samuils
That's because the majority of the stimulus and TARP was intended for preserving industries/jobs with tax cuts and federal extensions to state budgets. Barely any of the stimulus was geared directly toward job creation, yet it still created in between 1.4 and 3.3 million jobs, as estimated by the CBO.
There's utilitarian value in taxing the rich, which is used to help the poor, and outsourcing is a consequence of Free Trade policy -- not US tax rates, which are historically low.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance Those Jobs created, were despite the facts. We have lost more jobs than market created, dont attribute it to those ridiculous programs. There is no value in overtaxing anyone, and the only way you can help the poor, is help them get a job. And if companies can make same products for similar cost, in safe USA, no free trade agreements would ever make them go overseas.
samuils 1 year ago
@samuils
Those jobs created were not "despite the facts". The CBO is one of the most reliable institutions in the nation.
The government can't help the poor obtain a job without revenue, which has to be generated by taxes.
Labor costs *are* higher in the US. Either US workers will have to accept 50 cents an hour, or Free Trade will have to be replaced with Fair Trade; otherwise, those jobs will go overseas.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance If you count how many jobs lost VS created, we are at a negative. So jobs are being lost, because there is no such thing as all industries standing still and not hiring, thus 3 mil. is not an achievement when you are losing much more. The Govt. Doesnt need to hire poor, it just needs to get out of the way of businesses, so THEY can hire them.
samuils 1 year ago
@TheAtheistAllegiance And labor costs are indeed much higher, but so is the price of products. I never said that the sole reasons were taxes, there are many more reasons. And Fair trade will only create "trade wars", where you will endup paying much higher prices for goods. And once again, rasing taxes on businesses, will only ruin the economy even further. The so called rich are 250k and above.
samuils 1 year ago
@samuils
The economy initially lost around 8-10 million jobs, but gained many back. These jobs are no longer continuing to be lost.
Fair Trade focuses on forming barriers in labor -- not goods. So prices will remain approximately the same, but jobs will not be lost to foreign countries, and no trade war will take place.
The corporate tax is not in question; the individual income tax is. The budget must be controlled, and the rich can afford a tax hike, while the middle-class cannot.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance What are you talking about we are still losing jobs. And the very idea of levying taxes on any goods going to china, Chinese immediately threatened to raise tariffs on goods it was in the news not so long ago, which made USA to fore go the idea. And the best way to control the budget is to LOWER SPENDING and not increase taxes. The same circle all over again
samuils 1 year ago
@samuils
The US has not lost any substantial amount of jobs due to cyclical downturn since early 2009. This is undeniable and heavily documented FACT.
Are you purposely beating up a straw-man argument? The US should adopt tariffs on outsourced labor -- not goods.
If lowering taxes magically increased revenue, then Bush's tax cuts would not have increased the deficit by 1.6 trillion. However, they did, so your entire argument is defunct.
TheAtheistAllegiance 1 year ago
@TheAtheistAllegiance Has not lost substantial amount? What is substantial to you? 20%? How exactly are you going to levy tariffs on foreign labor, if not through higher tariffs through goods? Outsourced labor is no longer USA labor, what straw man argument? And any tax cuts have to go along with spending cuts. Its spending that increased deficit not tax cuts. Its not about what you think, its about facts, and facts are not on your side
samuils 1 year ago
@TheAtheistAllegiance To make it easier, look into every statistic which explains the best tax rate. The tax rate maximum of 18%. The reason is that, the higher you go the lower tax revenue you will get, it has been proven again and again. The higher the tax, lower tax revenue you will get, simply because the "rich" either start working less, or find other means to avoid higher taxation.
samuils 1 year ago
@TheAtheistAllegiance That's the AD/AS curve in a nutshell. The problem with it is that jobs in and of themselves are not desirable, PRODUCTION is desirable. The issue is can a central government determine what people want? This has been tried in Europe, and all that is left is scary debt as a % of GDP. Most are talking about cuts, not deficit spending.
Gyrode 1 year ago
@Gyrode
There are many countries within Europe who model their systems this way successfully, and they do not suffer from deficits. That's solely a matter of wise and responsible government; not federal employment in and of itself.
You're right; production is desirable. However, without aggregate demand, there will be no driving force behind production, so the government must buoy demand in various ways, which will give rise to production.
TheAtheistAllegiance 1 year ago
@smartasscomments classic broken window fallacy. you don't know basic economics. /watch?v=SQFhm4s_-Pk
uhhd 1 year ago
FDR was wrong with regards to the new deal. The real reason why FDR was popular was because he repealed prohibition (which I agree with).
Salford999Red 1 year ago 2
Yes we DO HAVE A COMPARISON!
The Great Depression of 1921, when the money printed by the Fed for WW1 caused exactly such a bubble/bust as 1929:
/watch?v=czcUmnsprQI
Warren Harding / Calvin Coolidge, the last of the "Do Nothing" presidents.
CurtHowland 1 year ago
Mises.org had a GREAT article on FDR a few days ago:
mises. org/daily/4801
FDR was popular for one and only one thing, the first thing he did: Repeal Prohibition.
CurtHowland 1 year ago
FDR was evil
45means45 1 year ago
There were no real benefits from the New Deal. Economists have shown that over and over. All he idid was extend the depression by doing the same kinds of things he criticised Hoover for doing.
ram0166 1 year ago
@ram0166
I would say that it did really jump start our national infrastructure. I mean since then we've not done all that much and as we see a lot of that stuff is falling into disrepair.
sapier 1 year ago
@sapier So building the Interstate Highway system was doing nothing? Alot of the people who lived in that era all but worshiped FDR because they think he saved them from starvation and all sorts of things. Which he may have but the problem was caused by the government in the first plase. Every other panic that occurred in American history as short lived and a recovery ensued without government help. Hoover and FDR were Keynsians who did everything they could to pump up the economy to no avail.
ram0166 1 year ago
@LordSparkisvati "Thankfully with the internet that is not as easy to do today".
Sure it is. Look at the blissful idiots swooning over "Hope and Change." How about this one..."I did not have sex with that woman!" or "Read my lips. No new taxes." Even with the internet, they will look into the mirror and see what they want to see.
cowboy1165 1 year ago
This has been flagged as spam show
RON PAUL 2012
SlowridDerMedia 1 year ago
Obama is a steaming pile of muslim shit. His hero FDR only made the depression longer and worse.
The cure for recession is well known - Cut Spending - Lower Taxes - Reduce Regulations. It has NEVER failed.
Unfortunately all of these curatives are anathema to the Dim-ocrat mind.
averagejoe040 1 year ago
Two years from now, Obama: "People say that unemployment is 25%. Yes, but it's not 28%". Gee, thanks...
TreachMarkets 1 year ago 9
@TreachMarkets It already is close to those numbers. Remember, unemployment statistics changed under the Clinton administration. Now, we only count people who are receiving benefits. If you add the people who don't qualify for benefits plus people who have given up looking for work, you would get around 22-25%. This coupled with inflation from all the excessive spending and who boy....stock up on supplies, you may need them when SHTF.
renegade2142 1 year ago
@TreachMarkets Did you watch the interview on The Daily Show? The entire time Obama was essentially saying, "Good enough for government work."
ls1z28chris 1 year ago
@TreachMarkets Using the same metric to measure unemployment that they did back then, we're already at 17-20%.
saladami 1 year ago
Numerous studies shed light on how awful the New Deal impacted job growth and made a Depression out of a Recession. The Stock Market was blamed them, as it is blamed now, yet in all instances, the Stock Market is a leading indicator, not a lagging one.
captaindiesalot 1 year ago
it literally saddens me how easily people forget. 2 years ago next Tuesday MA had the opportunity to abolish the state income tax. most crying "we don't have enough money to cut, if we do they will raise all the other taxes" well it want abolished and they raised most all taxes, and added some new ones any way. cut to now the same thing is on the table for sales tax (reduce from 6.25 - 3%) and. they have the same argument. its been just 2 years, and we will have the same outcome..........
scalp340 1 year ago
@scalp340 sorry: want = wasn't...didnt pass....still have an income tax
scalp340 1 year ago
Obumma and his not so beautiful wife are millionaire Lawyers. Obumma currently earns about 400K a year. Do U think he has a CLUE on how difficult the economy is on the American people? This POS is eating Caviar every night, and living in an all expenses paid Mansion. WAKE UP PEOPLE
notpcone 1 year ago
what's that music?
natdavi 1 year ago
@natdavi It says "Ambient Teknology" in the credits.
MooseOfReason 1 year ago
What a Tool. He'd be pushing his skills serving French Fries at a Burger Joint.
notpcone 1 year ago
Lol, just realized: If Obama = FDR, then we will have Obama for 17 more years, have to instate term limits, and will have another world war, and our economy will spring forward from the war. So, whatever.
Meep9092 1 year ago
Hazlitt's Law of Unintended Consequences strikes again.
migkillertwo 1 year ago
Hope and change.
tsummerlee 1 year ago
This video is a great example of how the government systematically destroys jobs with every regulation they pass. The answer to economic growth is to get the government out of the way.
myhipsi 1 year ago
they didnt have credit cards in 'the '3o's
oldtimefreedom 1 year ago
Was it not WWII that ended the Great Depression???? The war in Iraq just is not big enough. Perhaps if you add Iran as well, it would get the recovery going.
trebuchet1269 1 year ago
@trebuchet1269 it was not WW2 that ended the great depression, it was the massive deregulation after WW2 that did end said depression
surrealnumber 1 year ago 3
@surrealnumber During WW2 people couldn't buy much. Some things were scarce because they were needed to supply the military - gas, oil, metal, meat and other foods, for example. Sugar and coffee were very scarce. They didn't make Coca-Cola during the war because sugar was so scarce. When the war ended, more good were available and the people were spending their savings. So all the WW2 rationing forced people to save, and the pent-up savings drove the economic boom in the 40s.
megagagnon1 1 year ago
@megagagnon1 even if that were true, and its not, but let us assume it is, how does that disprove my statement?
surrealnumber 1 year ago
@surrealnumber I wasn't trying to disprove your statement. But rationing and saving during the war is a historical fact, so i don't know what you're talking about when you say "even if that were true".
megagagnon1 1 year ago
@megagagnon1 Actually in 1946 the federal government cut the budget by approx 2/3 and lowered taxes as well which led to the highest growth in gdp in US history.Not too mention that the most productive members of that era were back on US soil and ready to work.
dirtbagstatus 1 year ago
@dirtbagstatus Yes there were lots of reasons for the explosion of growth in the 40s. But i wouldn't get too excited by the government cutting the budget by 2/3 - the war was incredibly expensive, so not having to pay for the war machine anymore explains the decreased budget.
megagagnon1 1 year ago
@trebuchet1269
Contrary to popular belief (and Keynesian thought), war does not benefit an economy. In fact, it takes resources away from the production of other goods that the people can use productively. It then uses a large fraction of those resources to produce things that will be destroyed. (fuel, supplies, bombs, missiles, etc.).
Cont'd
myhipsi 1 year ago
@myhipsi
War actually damages the economy by destroying capital. It's like the broken window fallacy, where a rock is thrown through the shop keepers window, so the glass company benefits by selling a window to the shop keeper. Is that GOOD for the economy? No, of course not. while it may benefit the glass company, it's at the expense of some of the shop keeper's capital, which could have been used to reduce prices for the consumer, give an employee a raise, etc.
myhipsi 1 year ago
@myhipsi What if you have a war without destroying capital, like the US had during WWII. I don't think any Germans broke any shop windows in the States.
trebuchet1269 1 year ago
@trebuchet1269
You obviously didn't understand what I was saying. War always destroys capital. Just take a bomb for example. I'm not sure what the cost is for a modern laser guided bunker buster, but I'm sure it's not cheap. Well, what happens to that bomb? I gets destroyed. That's what I'm talking about. I'm not suggesting that war is always bad, defensive war like WWII was necessary, but it does destroy capital.
myhipsi 1 year ago
@myhipsi Laser guided bombs are a good example of why the Iraq war is not helping the US economy. The bombs you are dropping in fact cost more than the capital they are destroying. And I do understand what you are saying. Do you understand that the last time capital on US soil was destroyed during a war was your civil war.
trebuchet1269 1 year ago
Joe biden is nothing more than an out of date old Cock Sucker puppet getting Bribes from every Tom, Dick, and Lloyd Blankfein that puts a bunch of money is his personal account. When are you American People going to get really Tu-ff and make these peoples lifes miserable, and I mean FUC*ING MISERABLE?
BabylonsKing 1 year ago
thumbs up
yougiberishtube 1 year ago
The National Recovery Act was a disaster for Americans. Nonsensical price controls for services, busy work and the most overlooked disaster? A bunch of central planners at the Federal Reserve that set the interest rate for money in the economy. It didn't work then and it doesn't work now. And Fannie Mae? FDR's meddlesome interference in the housing sector totally melted down and had to be bailed out by taxpayers.
order9066 1 year ago
if the government and the federal reserve do not reverse course immediately, we will eventually see an inflationary depression so devastating that it will make the 1930's great depression look like a coffee break. of course the liberals and marxists/Leninist will continue to blame it all on the free markets and propose that the solution is more government, when in reality it is government that caused and prolonged the problem.
anryth 1 year ago
the only different between FDR and Obama is:
FDR remained popular and drastically brought down unemployment (25% down to 17%)
pokeyugi13 1 year ago
@pokeyugi13 So I guess you did not pay attention to the video or disagree with its conclusions.
heyoehkah 1 year ago
When will people learn, it does not matter who you vote for, the government will still be in power? Whats the use screaming at clouds to rain? Begging your masters on both sides of the aisle for a scrap from the table that they stole your money to furnish? The state is corrupt, so by changing the hood ornaments on the train barreling down the tracks at you will NEVER stop the train. Let them keep your fucking money, your PRIDE is worth more than participating in this charade called politics.
Kemruss 1 year ago
@Kemruss Even better is the You Tuber"MarkDice" that filmed himself passing a petetion around where the header read "I AM A MORON" one person read the header and refused to sign the man was sucessful at getting a petetion signed top to bottom. Want to watch that eye opening video look in my favorites. Now he has no proof they signed their real names so to me the test is not 100% but it goes to show how easy it is to get a petetion signed just tell them what they want to hear hand them the paper.
cdltpx 1 year ago
obama is a 1 term president
MirageScience 1 year ago
action only works if it does something I fear the future if he gets 4 more yrs...
jcarey1983 1 year ago
All we need is a drought to turn the midwest into a dust bowl and the reenactment of the depression will be complete!
TheStrazy 1 year ago
@TheStrazy With all these government make-work programs they could create another very large dam and they could call this one "The Obama Dam." Voila! Instant dust bowl.
cowboy1165 1 year ago
17% 1939 we are headed there in some places and are beyond 17% in places like Califiornia. World war 2 is what provided the engine to get us out the great depression I wonder what the percentage of the people killed off in the war globally? Humm could it be arund 20% the amount of people that were unemployed could it be that the war didn't provide jobs but just killed off the unempolyed in one form or another?
cdltpx 1 year ago