Unemployment rate 10.9%, not 8.5%

[FloridaSmoothie]

If the feds used the same number of workers in the workforce as when BHO took over, the unemployment rate is 10.9%. By shrinking the workforce, they lower the rate to make it look not as bad as it is.

"I'm from the government and here to help you."

 

[4est_4est_Gump]

The real story is that we were promised 6% at this stage of the game by the Stimulus architects...

 

[Wat_Tyler]

There weren't enough hurricanes to make it possible.


Damned weather forecasts.


Sawzall ready rulez.

 

[4est_4est_Gump]

I suppose I should feel sorry for the snow plow drivers...





But, construction now has no excuse to not be making gains over last year!

 

[BoyNextDoor]

If all the idiots out there had not given W and Cheney a second term we'd not be in this mess to begin with. I guess the disaster they made of the economy was worse than anticipated.

 

[Wat_Tyler]

The makings for the housing bust were in place long before anyone cared if the whitehouse keyboards had w's on them or not.

 

[4est_4est_Gump]

If all the idiots out there had not given W and Cheney a second term we'd not be in this mess to begin with. I guess the disaster they made of the economy was worse than anticipated.

In March of 2003, Bush was in his first term and the Democrats, who I assume are the idiots you refer to, voted TWICE to authorize force in order to look strong on National Security (because it seems that connecting the dots was ruled a bad thing during the Clinton administration - see Gorelick, The Wall of Separation) for the 2004 elections and John F. "I served in Vietnam" Kerry...

It was much earlier that he got his tax rates, the ones which Obama keeps sticking by.

In fact, the actually bursting of the economy occurred once Democrats got back into the halls of Congressional power as the majority in January of 2007.

The partisan ball is now in your court.
A_J, the Libertarian

 

[4est_4est_Gump]

The makings for the housing bust were in place long before anyone cared if the whitehouse keyboards had w's on them or not.

And the Democrats ran GWB and his whistleblowers out of their hearings.

Barney Frank, who's lover worked in Fannie's Derivative division was two months prior to the bubble bust pronouncing Freddie and Fannie fiscally sound for wel over the next decade...

 

[Wat_Tyler]

Well, when the gummint's in charge, what do you expect?


Damn double-tongues.


Words of poly vinyl chloride . . . .

 

[4est_4est_Gump]

Well, when the gummint's in charge, what do you expect?
... . . . .

Political decisions and political economy.

If it hurts your voters worse then it hurts mine, then it's sound economics.

 

[Wat_Tyler]

Political decisions and political economy.

If it hurts your voters worse then it hurts mine, then it's sound economics.

What always chaps my ass is the thinking of decisions based on the short term, the expedient, and without consideration of the long-term.


The Good is the Enemy of the Best.

 

[4est_4est_Gump]

What always chaps my ass is the thinking of decisions based on the short term, the expedient, and without consideration of the long-term.


The Good is the Enemy of the Best.

The longest we allow them to think for themselves is about five years for a Senator...



They spend way more time on getting reelected.

 

[Wat_Tyler]

The longest we allow them to think for themselves is about five years for a Senator...



They spend way more time on getting reelected.

I'm watching Macaca-boy run for his old seat back. Talk about stoopid . . . .

 

[4est_4est_Gump]

I'm watching Macaca-boy run for his old seat back. Talk about stoopid . . . .

Marion Barry is running for another office.

Who keeps electing Maxine Waters or Sheila Jackson Lee if it's not the stupid?



They need representation too!

 

[RobDownSouth]

Marion Barry is running for another office.

Who keeps electing Maxine Waters or Sheila Jackson Lee if it's not the stupid?

They need representation too!

Who keeps electing Michele Bachmann if it's not the stupid?

They need representation too!

 

[JAMESBJOHNSON]

I'm reading Michael Lewis' THE BIG SHORT. Lewis takes pains to explain how we got THE BIG MELTDOWN.

In a nutshell here's my analogy: The American financial system is organized so that the important players get their payoffs upfront. So lets say youre the president and you want everyone to get life insurance. Lotsa sick people apply for life insurance and gotta get physicals. They go the insurance MD and get a physical. The MD sends the info to the insurance company where a clerk makes a list of naughty & nice and sets a fee for the premium.

Next the Cornhole Company comes along and examines all the life insurance files. When the examiner finds some sick pups the MD missed he buys a policy on the applicant too. The insurance company thinks John Doe is good to go for 30 years, the Cornhole guy figures its more like 3 years, tops. If an insurance exec gets wise to whats going on the Cornhole guy gives him a piece of the action.

 

[FloridaSmoothie]

If all the idiots out there had not given W and Cheney a second term we'd not be in this mess to begin with. I guess the disaster they made of the economy was worse than anticipated.

Just can't help it. But since we are blaming Bush for this, as for all bad things that have happened, can we blame him for your birth?

 

[Beco]

If all the idiots out there had not given W and Cheney a second term we'd not be in this mess to begin with. I guess the disaster they made of the economy was worse than anticipated.

If Al Gore had of won his own state, we wouldnt be in THIS mess now.....I'm sure we would be in some other kind of mess....but ya know

 

[Beco]

Who keeps electing Michele Bachmann if it's not the stupid?

They need representation too!

and Maxine Waters.....

 

[BoyNextDoor]

Just can't help it. But since we are blaming Bush for this, as for all bad things that have happened, can we blame him for your birth?

Not all bad things. Just the things he and Cheney are responsible for. That is all.


At least you have an excuse for starting a thread like this. You live in Florida.

 

[Beco]

Not all bad things. Just the things he and Cheney are responsible for. That is all.


At least you have an excuse for starting a thread like this. You live in Florida.

What bad things? besides Iraq.

I'll wait....

 

[BoyNextDoor]

What bad things? besides Iraq.

I'll wait....

Sure. One at a time or a list?

And out of curiosity "besides Iraq" because you agree that the WMD lies leading us into a 10 year war financed by debt and making Haliburton execs richer and Blackwater a household name was bad?

 

[Beco]

Sure. One at a time or a list?

And out of curiosity "besides Iraq" because you agree that the WMD lies leading us into a 10 year war financed by debt and making Haliburton execs richer and Blackwater a household name was bad?

No, I wasn't for the invasion of Iraq in any shape or form or anyone that voted for Bush to have the authority to invade..... bunch of idiots. We had Saddam contained...

also, yeah, just list them one at a time and try to add some detail

 

[mercury14]

If the feds used the same number of workers in the workforce as when BHO took over, the unemployment rate is 10.9%. By shrinking the workforce, they lower the rate to make it look not as bad as it is.

"I'm from the government and here to help you."

The government shrank the workforce? Soylent Green?

 

[forseScoperta]

What bad things? besides Iraq.

I'll wait....

Well, to begin, the rapid increase in the deregulation of banks. Although this started in the Reagan years and continued through Clinton's administration, Bush put his Meryll Lynch cronies in goverement posts and signed off on the dismantling of many regulations that seperated investment banking from savings & loan - regulations that were instituted after the Great Depression to prevent similar economic catastrophes from happening again. And look what happened.
Also, Bush and his buddies pushed for sub-prime lending so every American could own a house. As lovely as this sounds on the surface it was disastrous in execution by the newly "to big to fail" deregulated, investment/savings/loan giants. The reasons for this are too long to delve into here but incorporate the loan default insurance that was going on behind the scenes.
To the point made that things really got ugly AFTER Obama took office: One should note that government economic policy made today takes several years to have a visible impact - usually at least 3-5 years, sometimes longer. This can be seen by charting economic shifts over decades with correlation to policy institution dates.

Now, I'm not saying that the Democrats are any better. Efforts towards redistribution of wealth directly interfere with the invisible hand thereby upsetting free market trade equilibrium. When this happens, market prices no longer follow realistic supply and demand curves where prices settle into what consumers can bear and supplies adjust accordingly.
Also, looking at the absolute inefficiency and absurdity of Obamacare forcing all Americans to obtain health insurance does not address the crux of the healthcare industry issues which are rapidly following the path of maximum profits/minimal ethics of the banking system in recent years. Perhaps a more realistic approach to reigning in the inordinate rise in premium costs against the rapid decline of coverage is to create a larger free market nationwide instead of state regulated. Thus creating greater competition between suppliers and dissolving regional oligarchies as health insurance companies find they must offer better coverage, services and more competitive premium prices or lose customers to another. If I recall correctly, this was a plan proposed by Republicans but stalled in Congress by the warring parties.