Unemployment rate hits 10 (10.2) %

Discussion in 'Politics, Religion, Social Issues' started by Full of Win, Nov 6, 2009.

  1. Full of Win macrumors 68030

    Full of Win

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    #1
    The OBAMA depression!

    I remember when President Bush was in, and we had this thing called economic growth and low employment. If you like high unemployment, vote democratic. If you like prosperity, vote Republican.
     
  2. stridemat Moderator

    stridemat

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    #2
    At least technically the US is out of a recession, the UK is still in one! :rolleyes:
     
  3. Full of Win thread starter macrumors 68030

    Full of Win

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    #3
    We are not out of it yet - that is a media lie to help prop up Comrade Obama. The most common metric is two quarters of growth. We in the US only have one so far.

    Don't worry, if the polls hold true, you will have a conservative government soon enough and you can really begin to grow again. God Speed. We hope to join you in 2012!
     
  4. leekohler macrumors G5

    leekohler

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    #4
    But it wasn't a lie when people who no longer started looking for jobs weren't counted as unemployed during Herr Bush?

    BTW- jobs are the last thing to come back after a recession, just so ya know. ;)
     
  5. yg17 macrumors G5

    yg17

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    #5

    You do realize that no one is going to take you seriously when you toss around crap like "Comrade Obama" and use the socialist Joker image of him, especially when the Joker was an anarchist which is the complete opposite of socialist, don't you?

    I like Führer Bush better ;)
     
  6. leekohler macrumors G5

    leekohler

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    #6
    That's why I threw out "Herr Bush". Fight fire with fire. If he wants have dishonest conversation and debate, let's give it to him.

    Better yet- Der Fuehrer.
     
  7. bruinsrme macrumors 601

    bruinsrme

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    #7
    could have fooled me.
     
  8. aristobrat macrumors G4

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    #8
    Really? Because the last time unemployment was this high was back in 1983, which was three years into Reagan's first term.

    So apparently it's not just as simple as voting a Republican into office, is it.
     
  9. aristobrat macrumors G4

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    #9
    And interestingly enough, if you look at the the recessions since 1970 and correlate who was in office to the start time of the recessions, it's sort of interesting:

    Nov 1973 - Nixon (R)
    Jan 1980 - Carter (D)
    Jul 1981 - Reagan (R)
    Jul 1990 - Bush (R)
    Mar 2001 - Bush (R)
    Dec 2007 - Bush (R)

    http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
     
  10. SactoGuy18 macrumors 68020

    SactoGuy18

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    #10
    We're lucky--in much of western Europe the unemployment rate is several percentage points higher.
     
  11. Rodimus Prime macrumors G4

    Rodimus Prime

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    #11
    Minus the fact the resession for Mar 2001 was more under Clinton (D). Not enough time for Bush to any effect on it. (less than 2 months in office) and economy started falling apart while Clinton was in office.


    As for the unemployment rate. What ever happen to Obama promise of Unemployment will not pass 9% (or was it 8%) either way it is another one of his growing list of broken promises. It goes to show me Obama is same lieing scumbags politians we have had for decades now. Only differences i the changing of the face. Same scumbag new face.
    I might buy the argument we are getting out of a ression if the job losses was not still at 6 figures. Come on it was a huge deal with the job loss in a month crossed the 6 figures number and now they media saying it is a great thing that the job loss for last month was UNDER 200k. Sorry. I will not consider this session over until the job loss at least gets back under 6 figures.

    As it stands over 13 mil people are with out work (job loss plus 150k every month to account for work force growth). It is just getting worse. So much for making things better. 10 months in and no improvement.
     
  12. Shivetya macrumors 65816

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    #12
    Actually Obama is closer than Bush ever was. Obama with the help of Reid, Pelosi, and Frank, are neatly integrating corporate interest with the government to the point they may become inseparable. With their direct to Wall Street expenditures it certainly isn't the common man who benefits.
     
  13. NT1440 macrumors G4

    NT1440

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    #13
    Correct me if I'm wrong, but historically speaking, aren't jobs always the LAST thing to recover in any recession?
     
  14. Shivetya macrumors 65816

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    #14
     
  15. NT1440 macrumors G4

    NT1440

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    #15
    Yup, non of that money went to helping people at all. ALL of it went straight into the pockets of special interests. :rolleyes:

    I gotta ask, what kind of ****ing reality do you guys live in where you can craft your own story lines and stick with them?
     
  16. aristobrat macrumors G4

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    #16
    And if we had a different president, do you really think the economy would be drastically different today, one way or the other? This current recession apparently started back in 2007, during which we've had two presidents.

    From what I've noticed, "the economy" doesn't do anything quickly. It ramps up, and it ramps down, but it doesn't switch between either modes very quickly.

    The full effects of the laws that Congress make to "help" the economy (taxes, etc) seem to take *years* to affect the economy, one way or the other.
     
  17. barkomatic macrumors 68040

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    #17
  18. hulugu macrumors 68000

    hulugu

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    #18
    I just don't understand how you think.

    Simply put, the argument as stated by Obama was without stimulus, unemployment would pass the projected 8 percent and could enter double digits. Thus, with the stimulus package we're supposed to expect it to stop at 8 percent?
    Wurt?

    From Bloomberg, July 2008:

    Now, that said, there is certainly criticism of the stimulus, which has been too slow with too little emphasis on targeted infrastructure projects. At this point, we might have been better off if the Fed had simply written checks to the various states like California and Arizona who are slashing budgets and cutting back on staffing.

    Also, the rush to blame Obama completely ignores the various Republican Congress critters, governors, etc. who also helped design the legislative stimulus bill which you're so critical.
     
  19. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #19
    Unemployment is higher than 10.2%, we just don't count certain people, it was going to get this high no matter what. Obama needs to make sure the rest of the stimulus is targeted spending as we don't need spending for spendings sake. I just said spending a lot.
     
  20. leekohler macrumors G5

    leekohler

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    #20
    Please allow me to clarify- Shivetya doesn't actually want anything to get better. He wants it to get worse so he can point fingers at Obama. When things do get better, and they will, he will claim it's because of Republican policies. Trust me, it's coming.

    Or better yet, he'll claim that the economy got better in spite of Obama. "No matter what- Comrade Obama cannot crush the capitalistic, entrepreneurial spirit of 'Merca!"

    Believe me, it's coming. ;) It's exactly what they did during Clinton.
     
  21. Rodimus Prime macrumors G4

    Rodimus Prime

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    #21
    While they are but this depression is far from over with job losses every still in the 6 figure range. Thisdepression has little hope of being over until at least it drops under the 6 figures in a month.


    Hell I am not going to call it a recession any more depression. Classic definition of a depression are if a recession last more than 2 years Or if there has been over a 10% drop in GDP from the beginning. The US has had over a 10% drop in GDP.

    The US is currently in a depression and it is still sinking.
     
  22. hulugu macrumors 68000

    hulugu

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    #22
    I agree, but this gives us at least an idea of what's happening in the economy. Other numbers should be included as well, although not the Stock Market which appears completely divorced from reality. Although, I did enjoy seeing my Apple stock go to $200+ per share.

    Ultimately, anything that moves through Congress will have all sorts of attached plans that are anything but targeted. If the Republicans in the House and Senate want to appear serious for once, rather than fighting the stimulus tooth and nail and then stuffing it like a turkey, they could try to direct the money towards projects that will actually create investments for the future.

    I'd also like a unicorn.
     
  23. hulugu macrumors 68000

    hulugu

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    #23
    Are you saying he's being disingenuous? Even mendacious?

    Perish the thought. He looks like such an upstanding fellow.
     
  24. leekohler macrumors G5

    leekohler

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    #24
    I know- hard to believe, isn't it? ;)
     
  25. .Andy macrumors 68030

    .Andy

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    #25
    A culture wars thread. The bottom of the barrel squabble of american politics.
     

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