Holy Hell...470,000 job loss in June, national 9.5% - Page 13 - U.S. Politics Online: A Political Discussion Forum

CYDdharta · #**181** (**permalink**) 07-04-2009

Quote:

Originally Posted by Speakeasy

Alright, maybe we should just place bets on how many times we'll hear "Change we can believe in

", "Bush's fault" and "Iraq".

I don’t see any "Change we can believe in

" posts, but I found an Op-Ed that came up with one you missed;

Quote:

Harsanyi: Welcome to the "hope" economy

After being asked when the public should begin judging the success of the nearly $800-billion stimulus plan, White House Press Secretary Robert Gibbs answered, "I think we should begin to judge it now."

Let's take his advice.

The administration warned that if we failed to support a stimulus package, unemployment would hit a dire 9 percent by 2010. With the stimulus, unemployment, it claimed, would stay in the 8-percent range.

This week, the Labor Department announced that the jobless rate jumped to 9.5 percent, higher than any time since August 1983.

It's not as if the administration was close. As the New York Times notes, "the difference between the situation that the Obama advisers predicted and the one that has come to pass is about 2.5 million jobs. It's as if every worker in the city of Los Angeles received an unexpected layoff notice."

Don't get too dejected, though. We still have an economic plan with a heaping dose of hope.

Surely, you'll feel better when the president begins doling out his two-pronged, faith-based explanation — and if we're lucky, he'll do it at a "town hall" meetings with approximately 100 of his closest friends.

First, you should always assume things could have been worse.

This leap of faith involves buying the "save-and-created-jobs" myth the president likes to peddle. And if you're lucky enough to be working on some state-run boondoggle awash in freshly printed money, smile. As for the rest of America, we once again learn that government spending rarely spurs wider economic prosperity.

But let's, for argument's sake, make believe that the stimulus plan has saved or created 150,000 jobs.

By the end of June, $53 billion in stimulus funding has been spent on weatherizing projects, land bridges for rodents and checks for 10,000 formerly living Americans (this administration doesn't only create jobs, it creates life). That puts the cost of each job supposedly saved at about $354,000, or, exactly the sort of efficiency you'd expect from D.C.

The "things-could-have-been worse" argument is nothing new and neither is the second line of defense: Blame capitalism.

So, let's also pretend, for the moment, that an era of widespread deregulation spurred a global recession. What exactly has Obama done to mitigate it?

Instead of exerting his extraordinary political capital to bolster American business, the president was busy targeting the investor class; instead of easing the burden on the middle class, Obama radically increased spending and debt; instead of encouraging market innovation, Washington has bolstered the status quo by bailing out antiquated, poorly run industries and crowding out small businesses.

Obama now urges Americans to be patient on the stimulus package. Yet, at the same time, the president exhibits a decisive lack of patience as he sprints forward with generational tax increases, in both cap-and-trade policy and a trillion dollar-plus health-care "reform."

Not surprisingly, many polls illustrate an increasing skepticism regarding the stimulus package and a growing distrust of Washington's unparalleled meddling in the economy. According to a June Rasmussen poll, a plurality of Americans now want government stimulus spending to be canceled.

This rising unease did not stop White House counselor David Axelrod from recently declaring that a second stimulus might be needed.

Needed to do what, one wonders? "Save and create" another 150,000 imaginary jobs?

One day we will emerge from recession, we always do. And on that day Obama will almost certainly take credit.

But one wonders, when will the glorious "new era of responsibility" actually kick in.

After all, as of right now, judging solely from the administration's very own promises and timeline, we are left with nothing to show for an irresponsible spending binge.

Harsanyi: Welcome to the "hope" economy - The Denver Post

jotathought · #**182** (**permalink**) 07-04-2009

Quote:

Originally Posted by CYDdharta

I don’t see any "Change we can believe in

" posts, but I found an Op-Ed that came up with one you missed;

Change... that will be all we have left in our pockets after his tax initiatives.

Angry American · #**183** (**permalink**) 07-05-2009

Come on now, this is our government's fault of half measures, both the Bush, and Obama administrations have failed to make the hard decisions to to really take control of the economy. Yea that's right full nationalization. I know that's a really unpopular proposition here in the land of the red white and blue, but look at the facts. Our government put the blinders on, and let the horse run away with the plow, and instead of pulling hard on the reins and stopping that horse, Bush and Obama kept their blinders on, and just filled the feed trough. And gave that horse more energy to continue to run amok. Have banks been put back in their place? NO. What of credit cards? They passed a credit bill, but when does it take effect? Next f'in' year! WTF! What's the result? Banks are raising their rates before the law goes into effect, which is only making the problems WORSE! Our government regardless of political stripe has treated us, the American people (citizen or not) like a bunch of stuck pigs, hanging upside down, just ichin' to be bled out.

I get the district feeling our government is testing our moxie, just how much will we take, before we take our government to the mat.

We are in the midst of an economic emergency, shouldn't our government act like it? My problem with all the partisanship is that I don't see any real ideas on either side of the aisle that will do anything to bring this economy back into check. Look what happened in California, they kicked out Gray, and put in Arnie, and what did they get? Bankruptcy.

Norrin Radd · #**184** (**permalink**) 07-05-2009

Quote:

Originally Posted by Angry American

Come on now, this is our government's fault of half measures, both the Bush, and Obama administrations have failed to make the hard decisions to to really take control of the economy. Yea that's right full nationalization. I know that's a really unpopular proposition here in the land of the red white and blue, but look at the facts. Our government put the blinders on, and let the horse run away with the plow, and instead of pulling hard on the reins and stopping that horse, Bush and Obama kept their blinders on, and just filled the feed trough. And gave that horse more energy to continue to run amok. Have banks been put back in their place? NO. What of credit cards? They passed a credit bill, but when does it take effect? Next f'in' year! WTF! What's the result? Banks are raising their rates before the law goes into effect, which is only making the problems WORSE! Our government regardless of political stripe has treated us, the American people (citizen or not) like a bunch of stuck pigs, hanging upside down, just ichin' to be bled out.

I get the district feeling our government is testing our moxie, just how much will we take, before we take our government to the mat.

We are in the midst of an economic emergency, shouldn't our government act like it? My problem with all the partisanship is that I don't see any real ideas on either side of the aisle that will do anything to bring this economy back into check. Look what happened in California, they kicked out Gray, and put in Arnie, and what did they get? Bankruptcy.

Good post, too bad it will lost on all the partisan sheeple who only want to place the blame for all of our problems on one of the 2 ruling parties.

I am so sick of pathetic, brainwashed morons it makes me want to puke, but morons make up most of the USA and most of this forum. Pathetic sheep who enjoy living in an imaginary world and who enjoy being told what to think.

This used to be a great country, but now it is just a super power with a crumbling economy and a combined debt that is approaching levels that are totally unsustainable. But hey, why should I care, I will just let the future generations of Americans be saddled with all this debt that resulted from my apathy, from my ignorance, from my partisanship bickering.

Truly pathetic.

Rakkasan · #**185** (**permalink**) 07-05-2009

Quote:

Originally Posted by Norrin Radd

Good post, too bad it will lost on all the partisan sheeple who only want to place the blame for all of our problems on one of the 2 ruling parties.

I am so sick of pathetic, brainwashed morons it makes me want to puke, but morons make up most of the USA and most of this forum. Pathetic sheep who enjoy living in an imaginary world and who enjoy being told what to think.

This used to be a great country, but now it is just a super power with a crumbling economy and a combined debt that is approaching levels that are totally unsustainable. But hey, why should I care, I will just let the future generations of Americans be saddled with all this debt that resulted from my apathy, from my ignorance, from my partisanship bickering.

Truly pathetic.

well there is always that short drive to canada where you can live in a "perfect country" and wash the dirt of this crappy one off

Norrin Radd · #**186** (**permalink**) 07-05-2009

Quote:

Originally Posted by Rakkasan

well there is always that short drive to canada where you can live in a "perfect country" and wash the dirt of this crappy one off

The principles this country was founded upon are still valid and I still hold them in high regard, but the majority of Americans have been brainwashed into believing those principles are outdated and that our constitution is outdated.

We have people like Ron Paul and many others trying to tell us what is going on, but the sheeple are not interested. All they care about is hatred. They live to hate the "other" party and nothing else matters, excluding money and sex of course.

jotathought · #**187** (**permalink**) 07-06-2009

Quote:

Originally Posted by htperr6565

i already stated that the stimulus is more of a political gimmick than a real economic plan.

read much?

Here you go partner .. here is an article that explicitly states what many people on here have posted and you've ignored:

Quote:

Stimulus: Progress or broken promise?

NEW YORK (CNNMoney.com) -- Nearly five months after President Obama signed the American Recovery and Reinvestment Act (ARRA), a still-worsening economy has many wondering if stimulus is a bunch of baloney.

In February, the stimulus bill was passed with the promise that funds would be paid out quickly to save or create 750,000 jobs by early August. Without it, the Obama administration said, unemployment could rise to 9% in 2010.

The Obama administration estimated that the stimulus package helped to create or save 150,000 jobs in the administration's first 100 days, and will save or create 500,000 in its second hundred days, ending in early August. Still, that's little help to an economy that has shed an average of 490,000 jobs per month, totaling 2 million lost jobs since the stimulus bill's signing.

Bart · #**188** (**permalink**) 07-13-2009

Well, what do you expect? How much did we spend on the war in Iraq, just to satisfy the Jews of AIPAC? It's basic economics: whatever you spend on some shitty war, you can't spend on the economy. Duh.

SamInTheSouth · #**189** (**permalink**) 07-13-2009

Quote:

Originally Posted by iamwhatiseem

No story yet - labor dept released data just now.
470,000 people lost their job in June, national unemployment 9.5%.

Damn

Obama promised change. He didn't lie.

jviehe · #**190** (**permalink**) 07-14-2009

Quote:

Originally Posted by Bart

Well, what do you expect? How much did we spend on the war in Iraq, just to satisfy the Jews of AIPAC? It's basic economics: whatever you spend on some shitty war, you can't spend on the economy. Duh.

Really?

htperr6565 · #**191** (**permalink**) 07-14-2009

Quote:

Originally Posted by jotathought

Here you go partner .. here is an article that explicitly states what many people on here have posted and you've ignored:

that article contains an obvious logical flaw.

Steve · #**192** (**permalink**) 07-14-2009

The Democrats will forever be known as the party who gave us a $1,000,000,000,000.00 deficit. Spin it any way you want, that fact cannot, and will not, be ignored.

Why should we think their performance in creating, or even saving, jobs would be any better?

jviehe · #**193** (**permalink**) 07-14-2009

Quote:

Originally Posted by Steve

The Democrats will forever be known as the party who gave us a $1,000,000,000,000.00 deficit. Spin it any way you want, that fact cannot, and will not, be ignored.

Why should we think their performance in creating, or even saving, jobs would be any better?

I wish, but actually people will forever be taught that they inherited it from Bush.

htperr6565 · #**194** (**permalink**) 07-14-2009

Quote:

Originally Posted by jviehe

I wish, but actually people will forever be taught that they inherited it from Bush.

there is no arguing they 'inherited' the economic mess from somewhere outside of the party. it may not be fair to pile it all on bush, or any political mechanism for that matter, because people who study reality and facts will always understand that the economy is affected more by the private sector than government.

that being said, to ridicule the administration for not plucking jobs out of thin air and criticizing their spending policy while it is still in its introductory phase is to merely confess that you are not concerned with understanding how your society functions and that you are merely concerned with mimicking the words of a donkeyass partisan from tv, radio, or online. my how will your contribution ever be repaid.

jviehe · #**195** (**permalink**) 07-14-2009

Quote:

Originally Posted by htperr6565

there is no arguing they 'inherited' the economic mess from somewhere outside of the party. it may not be fair to pile it all on bush, or any political mechanism for that matter, because people who study reality and facts will always understand that the economy is affected more by the private sector than government.

that being said, to ridicule the administration for not plucking jobs out of thin air and criticizing their spending policy while it is still in its introductory phase is to merely confess that you are not concerned with understanding how your society functions and that you are merely concerned with mimicking the words of a donkeyass partisan from tv, radio, or online. my how will your contribution ever be repaid.

That sounds like an implied insult to me.

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