It must be a Depression
 

Unemployment rate increased to 7.2 percent in December, highest level since Bill Clinton was in office.

Strange, I don't remember us being in a depression back then.

The United States Unemployment Rate

went to the bank to deposit my Insurance settlement check and everyone ahead of me and behind had there statue of liberty check ready...freakin insane...

Obama will CHANGE everything and be the new American Jesus.

savior, we worship thee.


I mean hell, I saw water bottles with his picture on them for sale at 7-Eleven.


Don't worry, with all this hype, he MUST fix everything, right?

Hey y'all, I've grown tired of all the sarcasm on Zilvia.

Then leave.

unemployement went up when GW took office eh?

and it dropped when clinton was in office.
dropped quickly and steadily.


nice twist on the facts, RJF

bushs (#1 and #2) were in offices when unemployment was highest
and clinton brought it down.

1982 and 1983 were pretty bad.

yes reagan
republican

haha

And there is more to the economy that unemployment rates anyway.

HAHAHAHA oh god :bowdown::bowdown::bowdown:

Goodbye. :(

Dousan's truth > RJF's.

What is a Statue of Liberty check?
Forgive me I'm Canadian...

lol...I guess RJF has a dry humor no one gets much...

Its all BS anyway.

The polls dont show shit.
No one hears about entire towns losing jobs like the dhl hub in Ohio? 12,000 jobs in a town with 15,000 people.

Its gonna be A O K>
Obama got a set of Change Air Force Ones now! shits dope. all blue with his change logo.
You know shits gonna be AWSOMETOWN! when your new pres has logo's, colors, a obama girl, a hip wife who does the Repsect knuckles. I thought that was for hardcore internet nerds like me! SHIT.

all I know is I have been out of a job for like 6 years.
no one reported on that.
Why am I not imortant.
lol.

I say we all get gas, and make a race track and rebuild the economy 1 drift at a time.
its our duty as car nerds. hahaha

no clue, I guess recently in Nh when we had a ice strom the govt gave all the welfare peeps like $300 in food money due to no lights? huh?

I was hungry and no one took me out. lol. :eek2:

People rely on the Govt for all, and when you do and they remove the hand that feeds you, you shall understand true LIFE. trying to survive in a wild world as a civilized human is not gonna be easy.
Make me be thankful for being the caveman I am today. argggh

Im guessing unemployment check?

Ding ding ding


the check has a statue of liberty on one side with a multi colored background, green/orangy/yellow ish back round...

got this email this morning

ba-roke obama?

My point is, what makes this recession so different than the one during the Clinton presidency and the one after 9/11?

We didn't spend $1 Trillion dollars back then, instead tax rates were cut to allow people to keep more of their money, and people started spending, companies had money for investment and to create jobs. Yes, there was some increased government spending on defense and security, but not $1 trillion worth.

If this proposed plan goes through and we all get "welfare" from the government, the economy will get worse, and who is going to pay for all this? Companies and small-business owners (aka "The Rich" - according to Dems definition).

Poor people don't deserve hand outs.

you on the wrong site then buddy...

Poor people who put themselves in their situation don't deserve hand-outs...

(junkies, gamblers, alcoholics)

That's why i never give bums money...

Short attention span? I guess you missed the double digit inflation during the carter years.

Clinton didn't bring anything down. He merely was president during the Internet Bubble.

:hahano:

Government doesn't create jobs, all they can do is redirect resources from the private sector. Most of the jobs being lost, the majority of them are from the service and retail sector. Those people aren't going to be shoveling tar on the roads.

Not only that but how is fixing our infrastructure going to help us pay back our debt? Our manufacturing sector is a hallow shell. We owe trillions to China, Saudi Arabia, Japan, and building roads here isn't going to pay them back. That's like a person who is in debt going into more debt to remodel his house.

It's funny that economics on a personal, local and state government level in the face of debt, reduce spending. Yet on a national level we need to run up huge deficits to cure debt?

Fucking lunacy.

I thought you were talking about THE Air Force One lol. Looked it up and the shoe came up haha. doh! :duh:

They're Fake Nike never produced one pair of them...

That one pair was custom and then a flock of chinese bootlegs added...

No, this recession is the result of government intervention of the last 2 recessions they interfered with. There was a recession in the early 90s. The Feds lowered interest rates and created all this easy credit. Which flowed into the tech bubble of the 90s. The NASDAQ index was grossly over valued and it crashed and we had another recession earlier this decade. The Feds stepped in again, lowered interest rates again and created even more credit. When the tech bubble burst it flowed into the housing bubble.

The feds lowered the rate to 0 - .25% last month.

Aaron while you are good with cars and deserve your due. You suck at political and financial analysis based on your above statement.

Fact one Bush 1 came into office in the midst of recession.

Fact two: He ate shit politically because of it.

Fact three: Clinton inherited a upswing out of economy and the dot com boom. It had nothing to do with his economic policies.

Fact four: The whole relaxation of credit and legislation making credit access easy was initiated by the Democratic house and passed and signed into law by Clinton. That was the beginning of what would lead to the current financial mess and credit mess we are in now.

Fact Five: While I do not like Bush 2 or his policies, he pretty much inherited this mess and downturn from the actions taken during the Clinton administration. The only faults on the financial side of the current administration have been the excessive spending on Iraq. Which had no effect on the financial crisis as it was something completely outside it and the SEC chairman Cox not doing his job properly. Which did have some effect.

So before you go and start laying blame I suggest you go back and study financial markets and economic policies.

P.S. I am a registered Democrat so do not take this as a Republican speaking. I just know enough about this stuff to vote with intelligence rather than party line dogma.


To everyone else RJF is right. This is not a depression its a recession quite similar to one in the early 70's. I should also add you guys have no idea how bad it can be. Try living in the days of double digit inflation like we had in the 70's.
Yes job reports are the worst they have been since 1945 but that is still not a depression. In the great depression there was 30% unemployment. We are hovering around 9% right now. aka Recession people.

DING!DING!DING!

Bingo!

You got it spot on.

Also, we're in a recesion, not a depression.

That won't happen for another 6-12 months.

I don't think people realize that when economists are saying this is just the beginning, this really is just the beginning.

Hmm...I'm thinking about writing a primer on the current economic situation, because I don't think a lot of people know the full implications of whats going on right now, or the mechanics behind what's going on.

Anyone down to get down into some serious knowledge exchange? Like essay type stuff?

Bush is still the president guys...