Author Topic: Unemployment jumps to 9.8%  (Read 10477 times)

0 Members and 1 Guest are viewing this topic.

R.R.

  • Hero Member
  • *****
  • Posts: 1128
    • View Profile
  • Liked:
  • Likes Given: 0
Unemployment jumps to 9.8%
« on: December 03, 2010, 12:04:13 PM »
Wall Street Journal: "The U.S. unemployment rate has now been above 9% since May 2009, or 19 months. That matches the longest stretch at such an elevated level since World War II. In the deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983."



sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #1 on: December 03, 2010, 12:09:06 PM »
Damn Bush
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #2 on: December 03, 2010, 02:23:03 PM »
The President has little control over whether mom and pop hires someone.

The problem right now is that there is too much uncertainty out there for people to turn loose some cash for expanding businesses. Hopefully that will be cleared up in January.



sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #3 on: December 03, 2010, 02:36:24 PM »
And THAT can easily be argued is due to current policies either enacted, or in the process of trying to be enacted by this President and the current lame duck majority
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #4 on: December 03, 2010, 02:42:57 PM »
Like I said the President, doesn't do legislation. And there is a lot more to the uncertainty than what is coming out of DC.

But if blaming Obama is what you want to do, have at it. The blame just won't be completely deserved. Just as it wasn't with Reagan during the last extended high unemployment period.



sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #5 on: December 03, 2010, 03:26:43 PM »
His policies are passed into legislation, and signed into law by his hand.  The "uncertainty" can be squarely attributed to the policies he and the left want to impose, and the electorate that has made it abundatnly clear the repercussions.  Leaving those folks you are referring to as to when and how much to start opening up their purses

Point being, that while I agree the president doesn't directly order mom & pop to hire and fire, his policies, enacted into law and being proposed by the Democrat majority are very clearly at the heart of the "uncertainty" you refer to.

Jan won't fix much either.  It'll meerly bring the bus, that was careening out of control, back onto the highway, though largely running on only 2 cylinders, if that

As opposed to the left that wanted to use Bush as the whipping boy for any and everything bad, I blame the source(s), liberal Democrats, Obama, Fannie/Freddie, CEO's out of touch with the mainstream, and Rhinos who also haven't seen a Pork barrel project they didn't like....that's at the heart of my job as a Physical therapist, and has precisious little to do with just fingering Obama
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #6 on: December 03, 2010, 03:35:30 PM »
The house will pass a bill extending the Bush tax cuts across the board and the Senate will pass that same bill in exchange for passage of the New Start treaty.

Of that i am reasonably certain.

Kramer

  • Hero Member
  • *****
  • Posts: 5762
  • Repeal ObamaCare
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #7 on: December 03, 2010, 04:14:08 PM »
Unemployment -- it's no biggy. Just think happy thoughts and all will be just fine & dandy.

sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #8 on: December 03, 2010, 04:52:20 PM »
The house will pass a bill extending the Bush tax cuts across the board and the Senate will pass that same bill in exchange for passage of the New Start treaty.  Of that i am reasonably certain.

Glad you're so certain. 

Now I'm hearing the big "fix" to the current ecominc misery and unemployment #'s, out of the Lame Duck majority is to.......drum roll......extend UNEMPLOYMENT benefits.  Not tax cuts for everyone, especially the small businesses that employ so many millions, and not businesses in general, still in a quandry as to what the tax rates are going to be, facilitating their current uncertainty, but we need to facilitate those who are unemployed, to remain unemployed.  Utter brilliance from messers Pelosi, Biden and Obama        ::)
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #9 on: December 03, 2010, 05:01:07 PM »
What can be done in a lame duck session can be undone in the next session.

sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #10 on: December 03, 2010, 05:20:28 PM »
Not without HIS signature....bringing us back full circle
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #11 on: December 03, 2010, 05:22:37 PM »
Not without HIS signature....bringing us back full circle

There should be enough votes in both chambers to override a veto.

sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #12 on: December 03, 2010, 05:31:56 PM »
Whachoo smokin there Bt?  Dems even still have a majority in the Senate, come Jan
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

  • Administrator
  • Hero Member
  • *****
  • Posts: 16141
    • View Profile
    • DebateGate
  • Liked:
  • Likes Given: 3
Re: Unemployment jumps to 9.8%
« Reply #13 on: December 03, 2010, 05:59:03 PM »
Whachoo smokin there Bt?  Dems even still have a majority in the Senate, come Jan


No kidding. So how many dems in the Senate would you consider bluedogs? What the dems lost was a filibuster proof Senate, which means the GOP can package the tax cut extensions into a bill Obama wants, like Dream or New Start.


sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: Unemployment jumps to 9.8%
« Reply #14 on: December 03, 2010, 06:03:42 PM »
Not NEAR enough to get a 2/3 overide.  The House........maybe.........but highly doubtful.  And Compromising to pass lesser BAD policy isn't an option either
"The worst form of inequality is to try to make unequal things equal." -- Aristotle