Obama Sacks Unemployment

In an effort to seek new ideas to create jobs, President Obama will be making a series of visits to local main streets across America after Thursday's White House job summit with major business leaders.

Category:

News & Politics

Tags:

• cbsepisode
• the
• early
• show
• obama
• unemployment
• white
• house
• summit
• allen
• town
• p.a.
• new
• deal
• bailout

[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.

[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?

[MrTabby5000]

@vampin6 Then who will the employees be?

[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.

[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.

[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.

[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]

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.