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Getbig Main Boards => Politics and Political Issues Board => Topic started by: MCWAY on December 03, 2010, 06:11:44 AM
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Jobless Rate Rises to 9.8 Percent, Highest Since April
WASHINGTON -- The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high, as hiring slowed.
Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.
Private companies -- the backbone of the economy -- created 50,000 jobs. That was down significantly from the 160,000 private-sector jobs created in October and was the smallest gain since January.
With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
http://www.foxnews.com/politics/2010/12/03/jobless-rate-rises-percent-highest-april/ (http://www.foxnews.com/politics/2010/12/03/jobless-rate-rises-percent-highest-april/)
I'm sorry!! Wasn't that stimulus supposed to keep unemployment under 8%?
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Typical far-lefter: Hi, I'm <insert name here>! I'm your typical brain-dead far-left Obama worshiper. The economy hasn't changed for two years now and is probably getting worse but I'll tell you, with a straight face nonetheless, that Obama is doing a bang up job.
Typical 240: Derp, Palin, Palin, Palin, derp.
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What a mess.
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Passing obamacare, epa insanity, the taxes, the fed printing schemes, cap and trade, war on the chamber of commerce, et etc have killed any possibility of a real recovery.
Everything obama and the dems have done have made things drastically worse.
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Typical far-lefter: Hi, I'm <insert name here>! I'm your typical brain-dead far-left Obama worshiper. The economy hasn't changed for two years now and is probably getting worse but I'll tell you, with a straight face nonetheless, that Obama is doing a bang up job.
Typical 240: Derp, Palin, Palin, Palin, derp.
Now, you've gone and done it.
Guess what's coming next....
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Passing obamacare, epa insanity, the taxes, the fed printing schemes, cap and trade, war on the chamber of commerce, et etc have killed any possibility of a real recovery.
Everything obama and the dems have done have made things drastically worse.
Yet, the lefties think Obama will still get relelected, as long as Baby Girl wins the GOP nomination.
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The dems for 4 years now have done everything possible to kill the economy. Obamacare, epa regs raging, creating massive uncertainty in the economy, etcetc are killing us.
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HOPE and CHANGE!!!!! Obama forgot to mention that he meant change for the worst.
This is very troubling:
Many economists had predicted the addition of nearly 150,000 jobs in November. But the report showed employers added just 39,000, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.
As a result, the jobless rate which has been stuck at 9.6 percent for three months crept once again toward 10 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
And even more disturbing is that there might still be a few morons on this board who will actually vote again for Obama.
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HOPE and CHANGE!!!!! Obama forgot to mention that he meant change for the worst.
This is very troubling:
Many economists had predicted the addition of nearly 150,000 jobs in November. But the report showed employers added just 39,000, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.
As a result, the jobless rate which has been stuck at 9.6 percent for three months crept once again toward 10 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
And even more disturbing is that there might still be a few morons on this board who will actually vote again for Obama.
There's a reason for that!
I say let's have a ladder match, involving all the members of Team Kneepadder, with Obama Girl's red booty shorts, suspended the top of the rafters.
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Its not just obama, its the sierra club, epa, irs, pelosi, reid, state govt regs destroying the econmy, compliance costs, obamacare, lawsuits, regulatory burdens, etc etc.
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Its not just obama, its the sierra club, epa, irs, pelosi, reid, state govt regs destroying the econmy, compliance costs, obamacare, lawsuits, regulatory burdens, etc etc.
True.
The problem is that the fool still has veto power even after Reps take over the house in January.
Do you think that the "president" will move to the center and meet Reps and Blue Dod Dems halfway? Or he will be as arrogant as he has been so far and become without question the worst president ever?
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True.
The problem is that the fool still has veto power even after Reps take over the house in January.
Do you think that the "president" will move to the center and meet Reps and Blue Dod Dems halfway? Or he will be as arrogant as he has been so far and become without question the worst president ever?
http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/ (http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/)
Well, it looks as if he's going to crack on the tax cuts. So, I may pay a visit to Huffington Post and see how many "progressives" are donning the sackcloth and ashes, weeping and gnashing their teeth over there.
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At this point so much damage has been done, I really don't see how we get out of this.
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I have to rework that stim bill ue graph.
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This is structural U.E. It can't be "fixed" by flooding the economy with money, tax cuts, stimulus or what have you. The backbone of the U.S., manufacturing, was offshored through tax policy and bad trade deals. It did a fine job at holding inflation down as our wages stagnated for 15 years but now we are seeing the ultimate outcome. Our economy has been based off of any number of bubbles since the 90's and plenty (all?) of the growth was artificial. With out the bubbles we have no backbone to prop us up.....it went to China.
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This is structural U.E. It can't be "fixed" by flooding the economy with money, tax cuts, stimulus or what have you. The backbone of the U.S., manufacturing, was offshored through tax policy and bad trade deals. It did a fine job at holding inflation down as our wages stagnated for 15 years but now we are seeing the ultimate outcome. Our economy has been based off of any number of bubbles since the 90's and plenty (all?) of the growth was artificial. With out the bubbles we have no backbone to prop us up.....it went to China.
So how do we get manufacturing back to the USA? Or is it useless to try?
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http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/ (http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/)
Well, it looks as if he's going to crack on the tax cuts. So, I may pay a visit to Huffington Post and see how many "progressives" are donning the sackcloth and ashes, weeping and gnashing their teeth over there.
He is such a liar, I have to see it to believe it.
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Obama + Dems = Failure
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And the IDIOTS like Lickmemore and others mocked my graphs early onshowing what a failure the stim bill was. Whatever.
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And the IDIOTS like Lickmemore and others mocked my graphs early onshowing what a failure the stim bill was. Whatever.
Lurkernomore aka Lickobamasnutsmore is waste of human skin. A person who continues to stand by Obama despite everything showing ALL his policies have failed needs one right between the eyes.
9.8% UE right now! Yet the focus should be on Palin? Idiot.
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>:(
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So how do we get manufacturing back to the USA? Or is it useless to try?
Americans would have to put up with and get used to higher prices for good made in America. The Environmentalists would have to get ignored since "manufacturing is bad for the environment."
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It's cheaper to produce garlic in China and ship it over than it is to produce it in the continental US. The system is completely broken.
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Biden: November jobs report 'disappointing'
WASHINGTON – Vice President Joe Biden says a weak November jobs report is "disappointing" and a sign that the economic recovery is fragile.
Biden says the uptick in the jobless rate to 9.8 percent means it is critical that Congress extend unemployment benefits before the end of the year. He also urged the Senate to follow the House in voting to continue tax cuts for the middle class.
Biden spoke before being briefed by Treasury Secretary Timothy Geithner and budget director Jacob Lew on the negotiations surrounding those tax cuts. A deal to extend the tax cuts for all taxpayers is starting to take shape, although it is not clear how quickly it might come together.
The White House is seeking to expand the tax package to include other measures, including extending unemployment insurance.
Source: http://news.yahoo.com/s/ap/20101203/ap_on_bi_ge/us_bide...
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Americans would have to put up with and get used to higher prices for good made in America. The Environmentalists would have to get ignored since "manufacturing is bad for the environment."
Prices would rise but so would wages, our trade deficit would also shrink and our GDP would grow. Inflation would occur but the Fed could do something positive for the nation for once in its existence and raise interest rates so people/business would be able to save and be rewarded for it, thus rebuilding a capital base.
Just a thought. I know it isn't that simple (maybe it is) but it would take work and our govt. to not let large corporations write laws and tax policy for them.
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Prices would rise but so would wages, our trade deficit would also shrink and our GDP would grow. Inflation would occur but the Fed could do something positive for the nation for once in its existence and raise interest rates so people/business would be able to save and be rewarded for it, thus rebuilding a capital base.
Just a thought. I know it isn't that simple (maybe it is) but it would take work and our govt. to not let large corporations write laws and tax policy for them.
Right now - its ponzinomics
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Economic picture looking bleaker than ever
Yahoo News ^ | Dec 3, 2010 | By Zachary Roth
In recent months, signs like rising retail sales had suggested that the economy might slowly be coming to life, and that a recovery, including a rise in the jobless rate, might not be too far around the corner.
But Friday's news that the unemployment rate nudged up yet again in November has put a serious dent in those hopes. The economy added just 39,000 jobs last month, according to the latest government numbers, and analysts say the latest bout of bad news on the jobs front is extremely discouraging. What's more, there has been a less-noticed downturn in home values, suggesting that the sector that played a key role in plunging the economy into the doldrums still hasn't recovered, despite billions in government help. Combined with the deadlock in Congress over maintaining an extension jobless benefits, the news is starkly gloomy for the millions of Americans who remain out of work.
The jobless numbers are perhaps the most disappointing. Unemployment rose last month to a seven-month high of 9.8 percent, according to Labor Department numbers. Nonfarm payrolls rose by only 39,000, far short of the expected 140,000, which would have kept the jobless figure steady at 9.6 percent. One cause of the bleak picture was the contraction of government payrolls, as local authorities cut jobs in response to budget problems.
Meanwhile, two leading price indicators showed declines in housing prices during the third quarter of 2010 -- a development that analysts attribute in part to the end of the federal home-buying tax credit that had been in place until June. Prices dropped in 18 of the 20 cities tracked by the Case-Shiller index.
(Excerpt) Read more at news.yahoo.com ...
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Sear this fact into your minds. 8% UE was to be the result of the Stim bill. As of 12/4/10 it is at 9.8 percent.
Again: Obama + Dems = Failure
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come on guys
there's nothing to worry about
Repubs are taking over next year
they'll fix it
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come on guys
there's nothing to worry about
Repubs are taking over next year
they'll fix it
No - they are taking over one house of congress and have Obama's Veto Pen to deal with.
Obama and the Dems have done incalculable damage to the economy over the past two years.
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No - they are taking over one house of congress and have Obama's Veto Pen to deal with.
Obama and the Dems have done incalculable damage to the economy over the past two years.
and the Repubs did 10x worse during the prior 8 years
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and the Repubs did 10x worse during the prior 8 years
Two wrongs don't make a right and obama and the dems were elcted based on promises to fix things - not double down on insanity.
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Two wrongs don't make a right and obama and the dems were elcted based on promises to fix things - not double down on insanity.
what was your "solution" to the finanial meltdown
I believe it was to do nothing
and you even admitted your "do nothing" solution would have made unemployment and the economy even worse
I'm open to hearing any Republican, Liibertarian or Independent solutions to our sitaution
Let's hear it
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what was your "solution" to the finanial meltdown
I believe it was to do nothing
and you even admitted your "do nothing" solution would have made unemployment and the economy even worse
I'm open to hearing any Republican, Liibertarian or Independent solutions to our sitaution
Let's hear it
Worse in the short term, far better in the long term.
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Worse in the short term, far better in the long term.
tell me how you would sell "worse in the short term" to the US voter
Can you recall any time in our history when one administration had to take over at a point as bad as Obama got and your "solution" would be to do nothing and let things get worse
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tell me how you would sell "worse in the short term" to the US voter
Can you recall any time in our history when one administration had to take over at a point as bad as Obama got and your "solution" would be to do nothing and let things get worse
Reagan.
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Reagan.
great point
it's interesting that the debt started to BALLOON during Reagan Admin and coincidentally thats when the gap between the rich and the middle class also started to EXPLODE
I wonder if there is some correlation
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great point
it's interesting that the debt started to BALLOON during Reagan Admin and coincidentally thats when the gap between the rich and the middle class also started to EXPLODE
I wonder if there is some correlation
THere is no correlation. The debt rose because of massive and necessary increases in military spending. When Reagan left the deficit was back down to acceptable levels. Who cares if the gap between the rich and the middle class exploded. EVERYONE stared doing better. It just that the rich did a whole lot better. But that is what you are going to get in a complex dynamic economy. That is the way the world works. You can choose between everyone doing badly but not as much inequality in incomes, or you can have everyone doing better but the rich doing MUCH better. It is one or the other.