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Re: Recession Deepens: biggest unemployment jump in 22 years.
First Democrats got their wage increases by raising minimum wage which boosted inflation causing the Fed to lower interest rates shrinking the value of the dollar.
Then they tightened regulations on lending. Then the adjustable-rate Sub-prime loans, which are a risky investment for any lender, hit the 2 yr mark which means the interest rates went up abruptly. Politicians were pushing to get people who usually don't have the discipline it takes to own a home into their own mortgages. People who rent usually have to do so because of their poor financial choices. Not everyone is cut out to be a homeowner. These undisciplined borrowers, or non-bill paying low-lifes and Real Estate speculators, started walking away from their mortgages. Now we have the Fed cutting interest rates to fight inflation but decreasing the value of the dollar to the point that the price of oil is going up........primarily because most of it has to be purchased from other countries......thanks to the Democrats. Now do you have an idea what we face and why we are facing it?
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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Especially the type of inflation, which is caused by low interest rates+abnormal surges in the money supply??
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"Homo Homini Lupus" Thomas Hobbes |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
No need to confuse him with facts.
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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The government cannot give without first taking. |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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I noticed you failed to even mentioned the manipulated data info I posted. I love how you preach for others to get informed, when you are the one is totally misinformed. I mean really, trusting government numbers is like trusting a crack addict with your life savings. |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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Re: Recession Deepens: biggest unemployment jump in 22 years.
Someone said this once...can't remember who, but it is true..."GDP data is figured on adding machines that have a plus key - but no minus key"
GDP is not, nor has ever been a good indicator of a current economy...it is like relying on an art critic that insist on judging the work from a photograph that was taken 100 yards away. Better indicators are "bellwether" industries, small business spending, employment data etc.
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The government cannot give without first taking. |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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I don't even know what you're holding on to here, you lay so many problems at his feet and yet think that no-one else can solve the problem...btw i never said you were far left, just get into all this flamboyant Bush bashing. |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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"To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, "to guarantee to everyone a free exercise of his industry and the fruits acquired by it." -Thomas Jefferson |
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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Yes he should. He tried to work with them and all he got was these little bombs going off down the road in their bills. His father made the same mistake and they burned him for it with the "Read My Lips" campaign. In the spirit of bipartisanship Bush is trying to work with Congress, much to his chagrin, they are taking advantage of him. I think he is tired of fighting with them. He is just trying to do what he can and do what the situation allows and finish his days as best he can. Like I said before, no business would stay in business long if the Board of Directors was constantly trying to destroy the CEO. They refuse to work with the President. That is why gas prices have doubled and why the housing market crashed. That is why food prices are going up and everything is getting more and more expensive. Sorry to say, but the Democrats have no motivation to fix anything now. The only motivation they have is to screw things up as fast as they can before November. They did it in California a few years back and they intend on doing it nationally. Why? Because they can.
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Re: Recession Deepens: biggest unemployment jump in 22 years.
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Re: Recession Deepens: biggest unemployment jump in 22 years.
I recall when Clinton was President, and the GOP controlled Congress that they refused to work with him also. Don't you dare try to make this posturing out to be all one-sided. The GOP play the EXACT same game that the Dems do, and don't deserve the halo that you are trying to put on them.
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