This is going to be a long term adjustment.
70% of the GDP is consumer spending, 67% of that was debt spending.
When you remove a large % of the available debt - this is what happens.

We became a lazy, selfish and instant gratification nation with little regard for the future. We got what we made.

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The government cannot give without first taking.

I have no idea why some think job growth comes last.

Jobs are the economy.

An improved economy = more jobs and more spending.

The only time when jobs come last is when credit boosts the economy. Thats only a "kick start" because it puts people in debt.

Sorry folks credit isn't an option this time. We have to manufacture wealth not borrow it and the only way to manufacture wealth is to work and the only way to create jobs is to spend money, money we dont have.

Were at the mercy of the government and its going to be horrible until liberals change their approach or are voted out of office so the republicans can issue a stimulus.

Now they didnt spend all 3.5 trillion yet and lets hope they don't. Because the republicans can come in and issue a trillion in stimulus to the American taxpayer and that definitely will with out a doubt start a quick recovery.

If you ask me I almost get the feeling the liberals are refusing to give the taxpayer money to spend out of spite for republicans and to be stubborn.

I wouldn't doubt they kicked the idea around to hold it over the republicans heads but told them they had to sell their souls to the devil if they wanted to make it happen.

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Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

Absolutely, I have been saying that all along.

Previously we charged our way out of situations like this. Its not going to happen this time. What people need is money from the government, and only those who have a work history should be entitled to that money.

I would have had no problem with a stimulus if the government DIDNT decide to just "allot" the money to them selves basically and spend it how THEY see fit.

They should have given the money to the people to spend. Any smart person knows that the only reason why the government didn't is because those who have the power to do so HATE the free market and want to expand government.

So in short the fucks in government pretty much stimulated their "sector" not the free market.

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Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

The state of our economy is tragic. Is there any doubt that Bush will be remembered as the greatest fuckup to sit in the big chair? Don't think so.

alright and so goes iam's obligatory daily thread about the unemployment rate.

i mean seriously, a country with a high unemployment rate can't possibly be entering a recovery.

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"My country is the world, and my religion is to do good." --Thomas Paine

Yes daily...I found one I made on unemployment on Sept. 10th.
Yeah...everyday..

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The government cannot give without first taking.

no you're definitely right though. there is no possible way for a country with high unemployment to be entering into an economic recovery.

it's never happened.

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"My country is the world, and my religion is to do good." --Thomas Paine

I think you are confusing a warfare-state with a welfare state.

Why would we need to bail out artificial persons who are not in official poverty and have recourse to entire accounting departments to help them conform to rational actor theory in our money-based US markets; if real persons have recourse to unemployment compensation that conforms to our Ninth Amendment, the federal at-will employment doctrine, and state at-will employment laws?

Employment is usually a lagging indicator.

This is all Bill Clinton's fault .... EVERYTHING is tied directly to his policy of lowering credit standards and dumping the federal welfare program.

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Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

I'll stick with the actual cause, if you don't mind.

I can tell by your implication that you don't have any idea what you're talking about and you plan to rely on that silly CRA canard.

Jobless rate tops 10 pct. for first time since '83 - Yahoo! Finance

I thought it might take till December to top 10% and I also thought the predictors were seeing 10.2 as tops or near it. Looks l more like over 10.5 now.

some recovery...

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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

I know exactly what I'm talking about.

Is Bill Clinton & the Democratic Party Responsible for the Current Economic Crisis? - Associated Content - associatedcontent.com

Boot everyone off of welfare and then force the banks to lend them money and extend lines of credit.

They were on welfare for a reason... NO MONEY!

Did they get jobs? no, they just charged up a storm and never paid their shit off.

When people cant pay shit off what happens?

The debt gets passed on to those who create jobs and they start laying people off left and right... Of course these former welfare recipients bought homes on the "state mortgage" of course they couldn't pay for them either hence our currant housing bubble.

I will say this, republicans did nothing to stop it either, everyone ignored those that said it was a mistake...

To say this is Bush's fault is asinine.

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Sic Semper Tyrannis






http://www.myspace.com/swoop187muzic

1, 2, 3....It's Bush's fault.

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"If you think about it, UPS and FedEx are doing just fine," he said. "It's the post office that's always having problems." Barack Obama on government run healthcare. 08/11/2009

American by birth.
Conservative by the grace of God.

Still sore about the war of northern aggression.

Well, hello. The markets have rebounded, but only the top companies are traded on the markets, and the federal gvt. cut them a huge check. The small business owner in the US is the largest employer by leaps and bounds. It really isn't any surprise that the markets are up and employment is down. Just wait till the velocity of money picks up, then we'll all really be in a hole.

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He's come to save the day!
http://www.youtube.com/watch?v=kVFdAJRVm94