Where are the jobs?

Stealth Hunter · 10-30-09, 09:52 PM

Quote:

Originally Posted by nikimcbee

http://www.bloomberg.com/apps/news?p...d=aUuHhaDx8Hr8

He inherited the problem.

oh, okay. Everyone, it's not obama's fault. He was just present.

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

nikimcbee · 10-30-09, 09:59 PM

Quote:

Originally Posted by Stealth Hunter

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

You mean Barney Frank.

Stealth Hunter · 10-30-09, 10:24 PM

Quote:

Originally Posted by nikimcbee

You mean Barney Frank.

In the context of the Federal Housing Enterprise Regulatory Reform Act or the Gramm-Leach-Bliley Act?

SteamWake · 10-31-09, 07:57 AM

Back on topic

Quote:

Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.

Officials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes.

Quote:

Brian Schmidt, director of planning and programming for the commission said that his staff originally reported to the Obama administration that the stimulus money saved 250 jobs. Then, realizing they had mistakenly double credited, they later changed that to 125 jobs. Tuesday, they updated it again to 74 jobs.

http://blogs.abcnews.com/politicalpu...tor-abuse.html

Stealth Hunter · 10-31-09, 09:41 AM

Quote:

Originally Posted by SteamWake

Back on topic

http://blogs.abcnews.com/politicalpu...tor-abuse.html

Lol, ABC. "Political punch".

SteamWake · 10-31-09, 10:44 AM

Quote:

Originally Posted by Stealth Hunter

Lol, ABC. "Political punch".

Thats strange I thought it was Kool Aide...

Platapus · 10-31-09, 10:50 AM

I am sure that I am not the only citizen that is intellectually "from Missouri"

I won't believe what either a Republican nor a Democrat tells me any more. They are all politicians which means they have an agenda.

Show me the data.

Democrats say they have created x number of jobs
Republicans say they have not

Show me the data

Democrats say the new health plan won't increase the deficit
Republicans say it will

Show me the data.

Republicans and Democrat politicians, you have lied to me too often to take anything any of you says at face value.

Show me the data please.

SteamWake · 10-31-09, 10:53 AM

They arent going to show you the time of day unless mandated to do so.

You will just have to go find it for yourself.

Aramike · 10-31-09, 08:28 PM

Quote:

Originally Posted by Stealth Hunter

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

You're absolutely right. Bush was president. And the DEMOCRATS had control of congress. AND Obama was a Senator.

I'm trying to figure which legislation the Democrats passed that would have helped prevent any of this from happening, that Bush vetoed.

Frankly, I think the problem goes beyond politics. Government only has SOME influence regarding our economic system.

My problem is that the Democrats are quick to lay the blame squarely at Bush while completely ignoring their own contributions to the problems

Platapus · 10-31-09, 09:55 PM

Why do people try to assign blame to one person or one political party?

Everyone in the government F-ed up the economy and everyone in the government will be involved in the recovery effort.

No one has their hands clean, and no one or group can take any moral high ground in this mess.

The important thing should be working together to fix the problem and making sure it does not happen again.

Stealth Hunter · 11-01-09, 02:50 AM

Quote:

Originally Posted by Platapus

Why do people try to assign blame to one person or one political party?

Everyone in the government F-ed up the economy and everyone in the government will be involved in the recovery effort.

No one has their hands clean, and no one or group can take any moral high ground in this mess.

The important thing should be working together to fix the problem and making sure it does not happen again.

Well said. Especially on the last part (pity that the only real long-term solution would involve government intervention, which you'll have plenty of people bitching and complaining about; you can't expect people or businesses to fairly or correctly take care of themselves, so the only way to do it is to bolster the national laws on the matter and hand over the responsibility for management to the highest authority: the national government, not to say that the federal governments should, or need be, excluded from it). For the record, I did not intend to insinuate that Bush was all to blame. Just that as far as presidents are concerned, Obama inherited the mess from Bush. Or the Republicans or Democrats for that matter.

The economy is a complicated thing, due to its size, massive number of transactions, etc. And screwing it up this badly takes a lot of cooperation on the part of many players. I blame the Federal Reserve for making credit so cheap, Congress for supporting mortgage tax deductions that allowed for consumers to have more incentive to buy more costly homes, the Reagan and Clinton and Bush Administrations (Sr. and Jr.) because of their support and pushing of lesser downpayment requirements and stringent credit whilst at the same time not providing more oversight into the matter, firms on Wall Street because they paid hardly any attention to the risky loans and bonds they were handing out left and right that they also bundled with MB Securities, mortgage brokers for going along with Wall Street's plans and obscure accounting rules, and the general populace of home buyers who were taking advantage of the easy credit they could earn to boost the prices of homes to an excessive level. That's a short and brief list on my part.

Aramike · 11-01-09, 05:57 AM

Quote:

Originally Posted by Platapus

Why do people try to assign blame to one person or one political party?

Everyone in the government F-ed up the economy and everyone in the government will be involved in the recovery effort.

No one has their hands clean, and no one or group can take any moral high ground in this mess.

The important thing should be working together to fix the problem and making sure it does not happen again.

Now you're talking my language... Good, unbiased, accurate assessment.

10-31-09, 10:50 AM	#7
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,362 Downloads: 63 Uploads: 0	I am sure that I am not the only citizen that is intellectually "from Missouri" I won't believe what either a Republican nor a Democrat tells me any more. They are all politicians which means they have an agenda. Show me the data. Democrats say they have created x number of jobs Republicans say they have not Show me the data Democrats say the new health plan won't increase the deficit Republicans say it will Show me the data. Republicans and Democrat politicians, you have lied to me too often to take anything any of you says at face value. Show me the data please. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

10-31-09, 10:53 AM	#8
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	They arent going to show you the time of day unless mandated to do so. You will just have to go find it for yourself. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

10-31-09, 09:55 PM	#10
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,362 Downloads: 63 Uploads: 0	Why do people try to assign blame to one person or one political party? Everyone in the government F-ed up the economy and everyone in the government will be involved in the recovery effort. No one has their hands clean, and no one or group can take any moral high ground in this mess. The important thing should be working together to fix the problem and making sure it does not happen again. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.