Comments on: Jobless Rate at 9.5 Percent; 26-Year High
Employers Cut 467,000 Jobs In June; Data Suggests Road To Economic Recovery May Be Bumpy
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- Just remember who gave us this economic disaster, - the Quick Draw George and Darth Cheney - administration, started before and beginning in December 2007. The republican are and will be trying their best to blame Obama and the Democrats for everything from the economic crash in California, a Republican controled state, to your toilet overflowing. Don't expect the 8 year Republican orchestrated rape of our American families to be repaired in a few months or unfortunatly in mayby a year or two, especially with their obstruction at all cost influance. How would it look for them if Obama turned this stinking gift to him around in a short time? The Republican plan is to hold back any recovery at least untill the next election cycle so as to have someone to blame for their mess and take as much power back as they can. It would not bode well for them for people to remember who put us all in this predicament so don't get impatiant and give Obama a reasonable amount of time for his policies to take hold and don't listen to the blame game Republicans. Good luck to us all and God bless America.
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- Shut up fool!
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- The fact is this economy is the result of three Republican policies: "Trickle-down" economics, inequitable "free trade", and their energy policy of "Whatever it takes to keep Big Oil raking in the bucks.".
The latter two cost American jobs and ensures that dollars keep pouring out of this country, while the former ensures that the gusher of wealth the few are realizing from the latter two policies never reenters the American economy.
It is pretty simple, really: The greed of the right is a knife in the heart of the American economy. - Reply to this comment
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- How is that big $13 a week treating you or did the big increase in gasoline the last few months eat it up? That has to Bushes fault again! No way Obungler should be held accountable for anything. Lets give him the credit when credit is due and blame Bush when things don't go right. Seems there is alot more blaming Bush these days then giving credit where credit is due.
- by specialty8 July 2, 2009 11:02 AM PDT: "How is that big $13 a week treating you or did the big increase in gasoline the last few months eat it up? That has to Bushes fault again!"
lollll...that is the problem with you righties; your vision is of necessity short-term due to your sole interest and motivation: What is in your wallet right now and how much you can shove into it today.
For example, you immediately imply that I am blaming Bush, when what I put forward as the cause are Republican policies that began over three decades ago.
It takes a lot to change the course of a behemoth such as the American economy.
Our economy - for a time - was able to absorb body blows like "trickle-down" economics, which we survived that by sending everybody's spouse to work, thus incurring great damage to the nuclear family the Republicans point to as one of their "values".
But when they attacked the base of our production/consumption economy by using inequitable free trade to offshore production of goods and the provision of services, they went too far. Our economy began hemorrhaging both jobs and dollars offshore; that was too much.
Consequently, the right had to work with the Fed to drive our economy with easy credit.
That might have worked - at least long enough for them to escape the White House, and thus be able to blame all of the ill-effects of their greed upon the inevitable and subsequent Democratic Administration, but their greed lead them to make two further and horrible mistakes:
They deregulated Wall Street and banking, and put blinders on the law enforcement agencies charged with their monitoring such as the FCC. That lead to massive corruption and leveraging in the mortgage industry.
Consequently, when the Republican's shielding of Big Oil's profits (at the expense of future oil shocks and wars) came home to bite us in the form of rampant speculation in oil futures and soaring energy costs, BOOM!
They tipped the economy over the edge, and the whole house of cards came tumbling down.
But it took the Republicans 30-odd years to make our economy so vulnerable, which really is a pretty good showing for the rest of us: Not too many nations - if any - have had so much success at resisting an attack from an internal enemy who had almost all of their country's wealth at their disposal.
- oops..."charged with their monitoring such as the SEC"
I have an entirely different grudge against the FCC, which appears to now be a wholly-owned subsidiary of the Telco and cable industries.
- I think you are a joke and all other republicants too. All you guys do is tell jokes about Obama but never have any solutions to the nations problems. You republicants are just pathetic failures.
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- the next time I come on here i'll remember to bring a shovel for all the BS you republicants sling around in here. You people really don't see that you are so foolish. You're idiots! The entire bunch of you republicants! It's just so sad though that you are so blind to it all and are only led instead by Rush Limbaugh, Sarah Palin, Newt Gingrich, Bachman, Sanford and all the other republicant losers and fools.
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- by gman2205 July 2, 2009 9:45 AM PDT
iam4honesty,
Name 1 incredible thing he has done? Name 1 great thing he has done? Better yet, name 1 thing that he has done that is not destroying this country???
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Subsidizing cobra, $8k tax incentive to buy homes, $1k tax credit, etc... incredible. What have you done incredible to support our leader. - Reply to this comment
- This is what happens in a recession. Duh. You all knew things would get worse before they got better, right? How long do we expect a downturn, another year?
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- During Carter's term in office he created 10.3 million jobs and the average wage increased by 3.1%
During Reagan's first term in office he created 5.3 million jobs and the average wage increased by 1.5%
Reagan's second term had better numbers, the job creation was comparable to Carter's at 10.8 million, but the average wage grew by only 2.2%. This is due, in large part, to the fact that Reagan expanded the size of government and military personell, and the private sector jobs created were low paying service type positions.
The best job creation was, by far William Jefferson Clinton at a staggering 22.7 million new jobs, followed by FDR with 16.2 million. - Reply to this comment
- skyk-2009 - Again here you are being a cpmplete moron. What will it take for you to get your head out of Obama's a** and admit he is a joke
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- Obama is awesome... Add 10 more... I just heard ten people got cut in my work place.. I didn't think he menat stimulate UNEMPLOYMENT.
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Author Thomas Friedman on Obama's Afghanistan plan and the war on terror.
