Mass Layoffs Coming under Obama

[pocketfullofshells]

You are correct. People who believe Bush is to blame for the economy ARE retarded.

I blame lots of people, Bush would be one....but no its not all on him....but blaming someone for layoffs months after they take over teh worst econ we have had in the US in 80 years....can we try to at least act like we can think a bit? Next when it gets better....should we say its becuse of regan just to make them happy? it makes about as much sense

 

[asur]

Just the possibility of Obama getting elected was bad for the stock market.
That in turn was bad for the economy. Not to mention BO's silly policies

But the respectable economy of George Bush is no more, there is no economy now.

Raising taxes, making companies pay for healthcare will not improve their bottom lines.

There will be high unemployment rates and they will increase, it's called CHANGE!

If you are unemployed, you will be smart to take any decent job you can find.
But Obama will not create you one, you will have to find it on your own.

 

[top gun]

I blame lots of people, Bush would be one....but no its not all on him....but blaming someone for layoffs months after they take over teh worst econ we have had in the US in 80 years....can we try to at least act like we can think a bit? Next when it gets better....should we say its becuse of regan just to make them happy? it makes about as much sense

Agreed.

I'd even give the pubbies a little play and say it was others along with Bush myself... but as long as they rant stupid that it's the guy that just got into office... NOPE!

And I like the Reagan idea my friend!

 

[top gun]

Just the possibility of Obama getting elected was bad for the stock market.
That in turn was bad for the economy. Not to mention BO's silly policies

But the respectable economy of George Bush is no more, there is no economy now.

Raising taxes, making companies pay for healthcare will not improve their bottom lines.

There will be high unemployment rates and they will increase, it's called CHANGE!

If you are unemployed, you will be smart to take any decent job you can find.
But Obama will not create you one, you will have to find it on your own.

FIRST: When you say the words George Bush and respectable in the same sentence angels commit suicide... just so ya know.

SECONDLY: The stock market is climbing again... much to the chagrin to America haters.

THIRD: With your kind of logic if you're not already unemployed you should be... it's called thinning out the herd... elephants have been going extinct because they're huge failures!

 

[Dr.Who]

People who can't admit that Bush was in full command with both houses of Congress in his hands at the time of the 9-11 terrorist attacks... lied us into Iraq flushing $12 BILLION DOLLARS PER MONTH FOR 7 YEARS... and was the head of the Party of deregulation (Phil Graham being Bush's point man on deregulation) and had the largest economic downturn since the Great Depression (The BUSH RECESSION) happen while he... like it or not... was the President in charge and had his economic policy in place...

It is silliness to blame normal economic cycles on the person who happens to be in charge. Especially when those cycles are also occuring in countries not under his control.

Statistically speaking recessions happen every eleven years. Bush was Pres for 8. It was highly likely one would happen during his terms. In fact, almost an 80% chance. Oh wait, they last on average for two years not one so that would double the chance one would occur during his terms.


You can say it all you want but it is still not the largest economic downturn in US history since the great depression. There have been several other recessions since that have been larger. Here is the data:

Below are the top 10 worst recessions of the last 80 years ranked by official duration.

1. 1929-1933, 43 months in duration (Great depression).
2. 1981-1982, 16 months in duration.
3. 1973-1975, 16 months in duration.
4. 1937-1938, 13 months in duration.
5. 1926-1927, 13 months in duration.
6. 2007-2008, 12 months in duration.*
7. 1970, 11 months in duration.
8. 1948-1949, 11 months in duration.
9. 1960-1961, 10 months in duration.
10. 1953-1954, 10 months in duration.

You will notice that there are 4, count them, 4 recessions that were worse than this one since the great depression!!!

http://www.stocktradingtogo.com/2008/12/02/ranking-the-top-10-worst-recessions-of-the-last-80-years/

Will you finally stop saying that it was the worst since the GP?

 

[Dr.Who]

And you are correct there have been other smaller recessions and they have worked themselves out in a few year period.

Four of them were bigger.

But they didn't have anything near the banking, real estate/mortgage and entire US auto industry fall near total collapse and also while we were knee deep in 2 wars with all the spending that goes with that.

We measure recessions based on how the effect the whole economy or GDP, not on how they effect isolated industries. Otherwise we would have the great typewriter recession and the great horse buggy whip recession to add to that list.

A few banks were goin bad and they should have been allowed to fail, same for the auto industry. Housing prices will come back.

Meanwhile the stimulus bill will cost 2,527 Trillion dollars ( you read that right - over two thousand trillion) when it ends in 10 years. All that to save the 150,000 jobs P. Obama claims but which for the time being there is no evidence that it has saved any jobs at all, except MAYBE the 243,000 employees of GM. How much is two thousand trillion of your dollars divided by 243 thousand union jobs?

The fact most recessions work out on a couple years only gives me encouragement that this one will as well. That's exactly what I want. The BUSH RECESSION to officially end under President Obama.

They normally end but some of his policies are pretty boneheaded and may extend it beyond the normal two years. Probably not.

But when it ends will it make any sense to continue "stimulating" an economy that is in recession? Yet his stimulus package is decades long. We will have decades of economic pain as a "solution" for two years of mild recession.

 

[samsara15]

This is not a mild recession.

 

[samsara15]

I'm sure President Obama appologises for not completely reversing all the terrible trends that started snowballing under George Bush in his first 150 DAYS... LOL!

Sore looser Republicants are going to be soooo unhappy in about a year when all the indicators are way up.

We've already seen it in the stock market going back up, and the housing market has bottomed. Chrysler is about to be back and restructured and GM will be too in about 60 days.

The Stimulus money is just now BARELY starting to trickle into the economy. That with the combination of the other things will start to reverse the unemployment trends. The BUSH RECESSION won't last and President Obama WILL get the credit!

Root against AMERICA if ya like... you will lose every time!

I love AMERICA!!!

When will the Conservatives stop running around in circles screaming 'socialism' and realize that it makes them look like idiots? Things are getting better. Wait...they ARE idiots.

 

[top gun]

Four of them were bigger.


We measure recessions based on how the effect the whole economy or GDP, not on how they effect isolated industries. Otherwise we would have the great typewriter recession and the great horse buggy whip recession to add to that list.

A few banks were goin bad and they should have been allowed to fail, same for the auto industry. Housing prices will come back.

Meanwhile the stimulus bill will cost 2,527 Trillion dollars ( you read that right - over two thousand trillion) when it ends in 10 years. All that to save the 150,000 jobs P. Obama claims but which for the time being there is no evidence that it has saved any jobs at all, except MAYBE the 243,000 employees of GM. How much is two thousand trillion of your dollars divided by 243 thousand union jobs?


They normally end but some of his policies are pretty boneheaded and may extend it beyond the normal two years. Probably not.

But when it ends will it make any sense to continue "stimulating" an economy that is in recession? Yet his stimulus package is decades long. We will have decades of economic pain as a "solution" for two years of mild recession.

You are simply wrong about the size & scope of the BUSH RECESSION. It is the worst economic downturn since the GREAT DEPRESSION.

And it would not have worked itself out in just 2 years... and a whole bunch more people would be out of work today had President Obama not taken office and put a plan in place that is just now barely starting to trickle into the economy.

Without a plan so people know there is some help on the way we'd probably already be looking at 15-16% unemployment and that extra 5 or 6 points is very important & very substantial.

Just write this down and if I'm wrong bring it back up to me... but I won't be wrong.

By the end of 2010 the US economy will have started a substantial and very noticeable rebound from the BUSH RECESSION. It won't be back up to where our last Democratic President Bill Clinton had it... but the sour grapes groups on the Right will be in full "Well sure it's better, but that has nothing to do with the Stimulus or President Obama, mode".

They'll complain and try to OBSTRUCT going in... during... and after... that's all they know how to do. The Republicants had over 6 full years of a total lock on our government, the Executive and BOTH Houses of Congress. They did not help they hurt. And now they complain that THEY have the answers? BS!

 

[PLC1]

How to determine who is to blame for a recession:

Look around and find someone with whom you disagree politically, and who has a high profile. That is the person responsible.

How to determine who will end the recession:

Look around and find someone with whom you agree politically, and who has a high profile. That is the person who will save us.

 

[pocketfullofshells]

Just the possibility of Obama getting elected was bad for the stock market.
That in turn was bad for the economy. Not to mention BO's silly policies

But the respectable economy of George Bush is no more, there is no economy now.

.

Mods...please please please can I say something bad here....please I just want a free pass cuz this is soooo rawrrrrrrrrrrrrr damn moderation lol

 

[pocketfullofshells]

When will the Conservatives stop running around in circles screaming 'socialism' and realize that it makes them look like idiots? Things are getting better. Wait...they ARE idiots.

they look like ducks, they sound like ducks...well guess they must be...

 

[asur]

No other president has ever messed up an economy this fast.

Only someone like Obama has this skill.

You have to go back to the Jimmy Carter era to approach this.
But this is much different because Carter's mess could
be undone.

Rest assured we are losing more jobs this time, and they aren't coming back.

People will remain unemployed and living on gov't handouts.
They will not be able to spend and buy the things they may want or need.
It's called CHANGE!. You can't spend it and babies go hungry because of it
around the world.

The man in charge "Obama" must be
help responsible for his excessive spending with no positive returns.

The US will never recover, never.

China are you reading this? Get you money out of the US unless
you don't care to lose it. This ship is going down.

 

[top gun]

How to determine who is to blame for a recession:

Look around and find someone with whom you disagree politically, and who has a high profile. That is the person responsible.

How to determine who will end the recession:

Look around and find someone with whom you agree politically, and who has a high profile. That is the person who will save us.

The Left doesn't just lay down anymore and let a President that's only been in office for 150 days get character assassinated by Lunatics on the Far Right that are upset because they keep loosing.

That's why these things must be said:

This current recession, the worst economic downturn since the Great Depression started completely and totally on George Bush's watch. Hence... THIS IS... The BUSH RECESSION.

How many times in the past have you heard the Right rail on the economy when Jimmy Carter was in office?

Turnabout is fair play... they set the rules... we're just slapping them back in the face with them.

As far as who turns it around. If the BUSH RECESSION ends on President Obama's watch... he deserves the credit. Because if it didn't the Radical Right would have no problem blaming him for it not.

I guess it's become a political perception thing. Not between the 2 Parties... but amongst the American people in general.

 

[top gun]

No other president has ever messed up an economy this fast.

Only someone like Obama has this skill.

You have to go back to the Jimmy Carter era to approach this.
But this is much different because Carter's mess could
be undone.

Rest assured we are losing more jobs this time, and they aren't coming back.

People will remain unemployed and living on gov't handouts.
They will not be able to spend and buy the things they may want or need.
It's called CHANGE!. You can't spend it and babies go hungry because of it
around the world.

The man in charge "Obama" must be
help responsible for his excessive spending with no positive returns.

The US will never recover, never.

China are you reading this? Get you money out of the US unless
you don't care to lose it. This ship is going down.

WOO WHOO... BREAKING NEWS:

Ten major banks now so strong from TARP help that they are paying back ALL MONEY LOANED PLUS TWO BILLION IN INTEREST... that's ALL the principle PLUS a 4% profit from interest!

BARACK & ROLL!!!