RustyNails
Member
This type of logic requires the help of Republican party. It's futile.TacticalFox88 said:
Obama should clog the congress with hundreds of spending/job bills. It's the only way.
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PoliGAF 2011: Of Weiners, Boehners, Santorum, and Teabags
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Obama should clog the congress with hundreds of spending/job bills. It's the only way.
TacticalFox88
Banned
And then PUBlic say, "Hey, you guys promised to jobs back in 2010, here are some Jobs bills to pass. Either do it or don't and I call you out in public while on the campaign showing video of you promising to help jobs, but not voting for job legislation."RustyNails said:
The biggest impediment to any legislative action is that the only viable solution to this level of unemployment is massive government spending to cover the slack in consumer spending. that won't pass, and anything that could potentially pass both chambers (tax breaks) would likely be used to either repay past debts, or to be put in savings. regardless, that money isn't likely to be put back into the economy quick enough to do any good.TacticalFox88 said:
corporations are still taking in nice profits with increased efficiency of their reduced workforce. we're still not sure whether this is a structural or cyclical recession, as well, so even massive government spending might only provide a temporary reprieve.
Phoenician_Viking
Banned
Honestly i blame the Democrats more than the Republicans. The Republicans don´t want to work with Obama, since they are the opposition. The Democrats however lack the balls to get their agenda through. As far as i am concerned Obama lost a huge opportunity for not passing a lot of his/democrats´ agenda at the beginning of his term.TacticalFox88 said:
cooljeanius
Member
Unemployment is the percentage of the work force that doesn't have a job. The work force is the percentage of the working age population that either has a job or is looking for one. People that ran out of unemployment benefits would fall under the "discouraged workers" category, i.e. people who have dropped out of the work force because they stopped looking.ivedoneyourmom said:
(I'm taking Macroeconomics this semester, and one of the first things we've learned has been all the different metrics having to do with unemployment)
HylianTom said:
According to the department of labor's U-6 calculation of the unemployment rate, as of August it is 16.4%.
The U-6 is much more accurate, but still IMO not as accurate as it should be at measuring the true unemployment.
This country is a joke.
cooljeanius: All semantics to me. The optimistic calculation is a lie.
RustyNails
Member
Obama had a very small window of supermajority in the congress: just a few months. The protracted Norm Coleman vs Al Franken ballot took forever to sort out. And after it did, Democrats lost their 60th seat in Massachusetts after Scoot Brown took over. Just a few months basically. I would blame Obama's inexperience in lacking the foresight of politicking. He truly believed he would heal everything, and was afraid of offending Republicans/burning bridges by using his supermajority. He probably should have passed single payer in that window, but hindsight is a complete bitch. I also blame Rahm Emmanuel.Beam said:
jamesinclair
Banned
Suikoguy said:
Doesnt the fox machine rant on about how "the Obama uncertainty" kills jobs?
What creates more uncertainty than billions in cuts?
jamesinclair said:
What the hell is "the Obama uncertainty"?(I don't watch FOX) Whenever he gets up to say something he will appeal to what little shreds of hope I have remaining, and then directly go and side with the GOP on the issue in an attempt to curry their favor. That's pretty certain to me. :lol
I suppose it oversimplifies things, but it does seem to correlate to the notion that removing money (government spending) from the economy and threatening government shutdown creates far more uncertainty and economic damage than the threat of higher taxes or increasing the debt under current conditions. Also, didn't the budget debate earlier this year (not the later debt ceiling debate) result in billions being cut from this years budget?Suikoguy said:
RustyNails
Member
Ha. First Romney and now Parry. DeMint am crygcubed said:
It has more to do with other factors, such as gas prices, Europe, and the general chaos created by the debt 'debate'.Jak140 said:Well, time to post this everywhere I can:
Also anyone see Obama's speech this morning? It was nice to hear him lie the blame where it lies, by calling out Republicans for once. Wish he would do it more often.
Actual policy hasn't had much impact yet. I think it's fair to put much of the blame on the GOP - they've been blocking jobs bills for over a year now - but the labeling on that chart is misleading.
Bulbo Urethral Baggins
Banned
I'm sure it was.Jak140 said:
Particle Physicist
between a quark and a baryon
Bulbo Urethral Baggins said:
lol that's how I read it too.
That is the doleful, sobering reality of our predicament. Anything that could sufficiently correct the short term will likely prove unpalatable. That is why the glaring shortcomings of the ARRA are maddening. We had an opportunity to pass something meaningful, and we partially botched it. Understandably, everyone underestimated the magnitude of the recession. Otherwise, the mere composition of the stimulus was defective. What a regrettably flawed bill.scorcho said:
PhoenixDark
Banned
Jak140 said:Well, time to post this everywhere I can:
Also anyone see Obama's speech this morning? It was nice to hear him lie the blame where it lies, by calling out Republicans for once. Wish he would do it more often.
That graph is very deceptive, and is based on the very same confidence fairy nonsense liberals disregard. The debt shit has little to do with unemployment: gas prices and lack of people buying shit has more to do with it. Not to mention the administration doing nothing about the economy back in late 09/early 2010 when they could have
Vicetrailia
Banned
GhaleonEB said:
Heh no more being an employee. Be an entrepreneur. BOOTSTRAPS SON!!!
PhoenixDark said:
False equivalency.
There is a huge difference in the economic disruption caused by the supposed fear the wealthy elite might have due to a possible future tax increase of 2% and the very real fear caused by Republicans during the debt ceiling debate that the US government might not meet its debt obligations or might shut down the government rather than pass a budget.
Sathsquatch
Member
The graph does not show that the cuts have caused the damage, but that graph at least demonstrates that the political debate about spending cuts is not creating "confidence". For months, conservatives argued that they were not ignoring the jobs crisis by insisting on spending cuts because coming up with a plan to reduce the deficit would create confidence by proving that the Federal Goverment was starting to be fiscally responsible again. Now that they accomplished that goal, there is no evidence that investors are more likely to invest and create jobs. If the austerity measures have not created enough confidence to improve the job market, we have to wonder why we did it at all.
Of course, its never really about create jobs. It has always been about enacting the conservative agenda by claiming that everything they oppose is the cause of mass unemployment, conveniently ignoring the fact that the crisis was caused by irresponsibility in the private sector and massive amounts of bad consumer debt.
Of course, its never really about create jobs. It has always been about enacting the conservative agenda by claiming that everything they oppose is the cause of mass unemployment, conveniently ignoring the fact that the crisis was caused by irresponsibility in the private sector and massive amounts of bad consumer debt.
worldrunover
Member
Sathsquatch said:
I don't know if you've been listening (God knows I wish I wasn't) but the GOP has gotten off fiscal responsibility and been banging the OMG REGULATIONS drum pretty hard for the past few weeks. Just something else for Obama to cave on!
I've found that no one can really point out any specific regulations that are impeding hiring.
Obama needs to say something like "If you have suggestions for specific regulations that should be cut back or streamlined that you think would increase job growth, I'd be happy to listen to you."
Obama needs to say something like "If you have suggestions for specific regulations that should be cut back or streamlined that you think would increase job growth, I'd be happy to listen to you."
worldrunover
Member
Well they want the entire EPA basically disbanded. That is what they would say to him. Plus they've been talking about how Dodd-Frank is a disaster for businesses.
Jason's Ultimatum
Member
GhaleonEB said:
This is just as bad as these liberal commentators who say Clinton raised taxes during the 90s and the economy created 20 million jobs.
worldrunover
Member
Gr1mLock said:
Laugh now because it's already happening. Read that, sit back, and then pour yourself a scotch.
Puddles said:
Well, some nutsos think that since Fannie and Freddie's mission is to loan to poor people, its entirely their fault that we got into this whole mess since they lend out sub-prime loans as part of their mission statement.
Of course, that completely ignores that other mortgage companies gave out MUCH MUCH more sub-prime loans than Fannie and Freddie and they gave out the worst ones. The reason why Fannie and Freddie did not give out the worst ones was due to government regulations.
ReBurn
Gold Member
Pish...everyone knows that the mortgage crisis was Bill Clinton's fault because he signed the repeal of Glass-Steagall. There's even a chart and everything:Puddles said:
reggieandTFE
Member
Jak140 said:Well, time to post this everywhere I can:
Also anyone see Obama's speech this morning? It was nice to hear him lie the blame where it lies, by calling out Republicans for once. Wish he would do it more often.
He was in front of a group of Union members on labor day. He has to pretend that he gives a shit about working people one day a year.
On the other hand, I'm honestly surprised he wasn't dim enough to start talking about his administration's push for new "free" trade deals.
dave is ok
aztek is ok
My girlfriends mom blames the government forcing banks to lend to poor people as the cause of the crash.
I told her the banks were actively seeking poor people because whether or not they paid their mortgage was irrelevant to them, they just securitized them and sold them off anyway. Collected fees for selling the derivatives and then shorted them after they were sold. They made money every step of the way.
I told her the banks were actively seeking poor people because whether or not they paid their mortgage was irrelevant to them, they just securitized them and sold them off anyway. Collected fees for selling the derivatives and then shorted them after they were sold. They made money every step of the way.
Byakuya769
Member
Snarkiness overload on this page.
And they believed they had equity in an asset who's value would assuredly continue to grow into perpetuity.
dave is ok said:
And they believed they had equity in an asset who's value would assuredly continue to grow into perpetuity.
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