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Unemployment hits 9.8%

30ashopper avatar
30ashopperSoWal Insider
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Unfortunate initial jobs report out today showing the recovery may be more sluggish than initially thought. The work force remained flat while the unemployment number went up, which is not good. This recovery is going to be long, slow, and painful. We're simply not going to get back to the level of consumption per individual that we had prior to 2008. Growth prospects look bleak.

Maybe this will put more pressure on congress to do something next year to help consumers clean up their balance sheets. I like the Bowles-Simpson payroll tax holiday idea for 2011. Money had a good article on the subject recently:

Slash the deficit! But give a payroll tax holiday - Dec. 1, 2010

Replies

13
kkddbbBanned
#2
Frustrating knowing it doesnt have to be this way. Our leadership apparently didnt take economics 101 in their ivy league class. Instead they took Saul Alinskys economics class
AndrewG avatar
AndrewGBeach Fanatic
#3
Our President is making things much worse. He is going to get steamrolled in '12. Worst President ever.
Matt J avatar
Matt JSWGB
#4
Our President is making things much worse. He is going to get steamrolled in '12. Worst President ever.

He's got 2 years to go, aren't you prejudging him?

I know, I know, if things turn around between now and the next election it's all thanks to the Republican congress. :roll:

Edited

30ashopper avatar
30ashopperSoWal InsiderAuthor
#5
He's got 2 years to go, aren't you prejudging him?

I know, I know, if things turn around between now and the next election it's all thanks to the Republican congress. :roll:

I think if we had taken a different approach back in 2008, we'd be in better shape today. It's interesting that a number of the options democrats shunned two years ago are now back on the table as potential solutions.

Going forward I'm more optimistic than I've been, any recovery related legislation will be driven by the republicans in the House.
kkddbbBanned
#6
He's got 2 years to go, aren't you prejudging him?

I know, I know, if things turn around between now and the next election it's all thanks to the Republican congress. :roll:



Of course we're prejudging him. If he were Bill Clinton we wouldnt, but Obama is no Clinton. One just needs to know who he has surrounded himself with his whole life and what he believes in to know he's not coming to the middle anytime soon.

And of course if things turn around itll be because of the Republicans. Just ask Clinton at the beginning of his second term. And yet he, the entire DNC and the media still make it sound like it was him. Those of us who remember history know better.

But, as an American Im still holding on to hope..
scooterbug44 avatar
scooterbug44SoWal Expert
#7
Of course we're prejudging him. If he were Bill Clinton we wouldnt, but Obama is no Clinton. One just needs to know who he has surrounded himself with his whole life and what he believes in to know he's not coming to the middle anytime soon.

And of course if things turn around itll be because of the Republicans. Just ask Clinton at the beginning of his second term. And yet he, the entire DNC and the media still make it sound like it was him. Those of us who remember history know better.

But, as an American Im still holding on to hope..

Actually the label most political analysts choose for Obama is centrist!

"Obama campaigned as a center left pragmatic reformer and that?s pretty much what he is. Not that he is carrying out every campaign promise, but anyone who was paying attention got what they voted for.

The truth is, Obama is out of place in today?s highly partisan political arena. His policies make very few, whether on the right or left, happy enough to be enthusiastic about his presidency, Fortunately, that doesn?t seem to upset him too much, and he has the tenacity and conviction to pursue the pragmatic center-left approach he campaigned on. But it would help a lot ? and certainly increase the likelihood of him settling on the best possible policies ? if he had more people willing to work with him, offering ideas, compromising and helping instead of yelling."

Read more: Kiplinger.com
​
Arkiehawg avatar
ArkiehawgBeach Fanatic
#8
Our President is making things much worse. He is going to get steamrolled in '12. Worst President ever.


Your nutty memory is pretty short.....forgot about "w" didn't ya :roll:


Here, let me respond for you so you can cut/paste.

"W" wasn't the issue, it was the Democratic lead legislative branches that kept him from moving forward with his plans.....;-)

:lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:
Matt J avatar
Matt JSWGB
#9
I think if we had taken a different approach back in 2008, we'd be in better shape today. It's interesting that a number of the options democrats shunned two years ago are now back on the table as potential solutions.

Going forward I'm more optimistic than I've been, any recovery related legislation will be driven by the republicans in the House.

Of course we're prejudging him. If he were Bill Clinton we wouldnt, but Obama is no Clinton. One just needs to know who he has surrounded himself with his whole life and what he believes in to know he's not coming to the middle anytime soon.

And of course if things turn around itll be because of the Republicans. Just ask Clinton at the beginning of his second term. And yet he, the entire DNC and the media still make it sound like it was him. Those of us who remember history know better.

But, as an American Im still holding on to hope..

This is exactly my point, you both act as though congress moves with the speed of a ninja. It's only carryover if it's bad and it was a democrat in office or congress. Keep trying to rewrite history, your version will be akin to what elementary school children are taught about the pilgrims:

30ashopper avatar
30ashopperSoWal InsiderAuthor
#10
This is exactly my point, you both act as though congress moves with the speed of a ninja. It's only carryover if it's bad and it was a democrat in office or congress. Keep trying to rewrite history, your version will be akin to what elementary school children are taught about the pilgrims:

I don't think anyone is trying to rewrite history. Listen, unemployment - 9.8%. That's not a rewrite, that's fact. When the President and current congress took control two years ago, they stated their policies would keep unemployment below 8%. It hasn?t worked out as well as they anticipated. The stimulus is spent and done, and unemployment continues to rise. This is not a rewrite, it?s fact. I would hope politicians recognize this and recognize that if we can?t learn from our mistakes, we?re not going to make any progress.
Matt J avatar
Matt JSWGB
#11
I don't think anyone is trying to rewrite history. Listen, unemployment - 9.8%. That's not a rewrite, that's fact. When the President and current congress took control two years ago, they stated their policies would keep unemployment below 8%. It hasn?t worked out as well as they anticipated. The stimulus is spent and done, and unemployment continues to rise. This is not a rewrite, it?s fact. I would hope politicians recognize this and recognize that if we can?t learn from our mistakes, we?re not going to make any progress.

They were also dumb enough to believe that they could work with the opposition across the aisle. That was another mistake of theirs.
idlewindBeach Fanatic
#12
They were also dumb enough to believe that they could work with the opposition across the aisle. That was another mistake of theirs.


Please cite examples of Obama, Pelosi, Reid & co trying to work across the aisle. Because what I remember is "we won" and such.

Besides, exactly how is any of what happened the Republicans fault? The Democrats had huge majorities in the House, had the executive branch and a filibuster proof majority in the Senate for the 1st year and a 59-41 majority the 2nd year. They pretty much could do what the wanted and did not need the Republicans.
I would say their mistake was overreaching and not paying attention to what the people were saying.
Matt J avatar
Matt JSWGB
#13
Please cite examples of Obama, Pelosi, Reid & co trying to work across the aisle. Because what I remember is "we won" and such.

Besides, exactly how is any of what happened the Republicans fault? The Democrats had huge majorities in the House, had the executive branch and a filibuster proof majority in the Senate for the 1st year and a 59-41 majority the 2nd year. They pretty much could do what the wanted and did not need the Republicans.
I would say their mistake was overreaching and not paying attention to what the people were saying.

Take your pick:

Google

The republicans acted like 4 year olds and went into a response of no to everything that was proposed, not a more reasonable approach of lets look at it and put in our 2 cents. Unfortunately during that time no one thought to propose legislation advising conservatives to continue breathing.
idlewindBeach Fanatic
#14
Take your pick:

Google

The republicans acted like 4 year olds and went into a response of no to everything that was proposed, not a more reasonable approach of lets look at it and put in our 2 cents. Unfortunately during that time no one thought to propose legislation advising conservatives to continue breathing.


I asked for examples of the democrats reaching across the aisle and you provided the" party of no." The entire" party of no" line is just a smokescreen; the democrats did not need a single vote in the house and only one vote in the senate to pass a bill. So what happened is their baby.

But here is all you need to know about Obama's bipartisan attitude:

Obama to GOP: 'I won' - Jonathan Martin and Carol E. Lee - POLITICO.com

And another good article about the failure of Obama to reach across the aisle in any meaningful way:

How Obama Baffles on?Bipartisanship - Real Clear Politics – TIME.com

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