It must be a Depression - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

**RJF** · 01-09-2009, 09:53 AM

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

*DALAZ_68* · 01-09-2009, 10:02 AM

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...

Brian · 01-09-2009, 10:07 AM

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?

Daniel. · 01-09-2009, 10:11 AM

Quote:

Originally Posted by Brian

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?

LeftNutOfGowd · 01-09-2009, 10:35 AM

Quote:

Originally Posted by Daniel.

HAHAHAHA oh god

Matej · 01-09-2009, 10:16 AM

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

s14kings · 01-09-2009, 10:20 AM

Then leave.

Matej · 01-09-2009, 11:13 AM

Quote:

Originally Posted by s14kings

Then leave.

Goodbye.

Dousan_PG · 01-09-2009, 10:26 AM

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.

***FaLKoN240*** · 01-09-2009, 11:14 AM

Quote:

Originally Posted by Dousan_PG

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.

Dousan's truth > RJF's.

imotion s14 · 01-09-2009, 01:21 PM

Quote:

Originally Posted by Dousan_PG

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.

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.

Quote:

Originally Posted by HyperTek

got this email this morning

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.

drift freaq · 01-09-2009, 01:45 PM

Quote:

Originally Posted by Dousan_PG

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.

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.

ronmcdon · 01-09-2009, 04:56 PM

Quote:

Originally Posted by drift freaq

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.

Great analysis, but it can be said that the junk mortgages began even as early as the Carter years with the passing of the community reinvestment act. I see this as the most damaging policy.

FDIC: FDIC Law, Regulations, Related Acts - Consumer Protection
Wiki link; http://en.wikipedia.org/wiki/Community_Reinvestment_Act

There were several revisions to this act in the Clinton and W years that didn't make things any better. I also don't think the Fed (esp under Greenspan & Bernanke) is without fault either.

Agreed not everything is Bush's fault (as convenient and appealing is it might be)

imotion s14 · 01-10-2009, 11:11 AM

Quote:

Originally Posted by ronmcdon

Great analysis, but it can be said that the junk mortgages began even as early as the Carter years with the passing of the community reinvestment act. I see this as the most damaging policy.

FDIC: FDIC Law, Regulations, Related Acts - Consumer Protection
Wiki link; Community Reinvestment Act - Wikipedia, the free encyclopedia

There were several revisions to this act in the Clinton and W years that didn't make things any better. I also don't think the Fed (esp under Greenspan & Bernanke) is without fault either.

Agreed not everything is Bush's fault (as convenient and appealing is it might be)

thats what happens when government interferes with the market. It distorts everything.

Apparently 20-30% down and an interest rate set based on your risk of defaulting is racist.

.

ronmcdon · 01-10-2009, 01:33 PM

Quote:

Originally Posted by imotion s14

thats what happens when government interferes with the market. It distorts everything.

Apparently 20-30% down and an interest rate set based on your risk of defaulting is racist.

.

Lol, I'm not so sure that all government intervention is bad, but I'd like to think that some are more disastrous than others. In the 2008 financial crisis, I'm more convinced the culprit was poor regulation of sub-prime loans instead of insufficient regulation of the overall economy.

I have no problem with government acts that encourage lending that was otherwise restricted to racial factors. If you have $ and a sufficient credit history, I'm not sure why it makes sense to discriminate lending based on race and other non-financial factors.

However, I do think it's questionable to lend $$$ out to lower-middle income households that cannot realistically pay it off. economic policy and being PC about class discrimination shouldn't be mixed together.

If regulation has to be put in effect, address the source of the problem. prohibit junk loans entirely. I'm not convinced that anything will be solved by regulating any other part of the economy.

Brian · 01-09-2009, 10:29 AM

1982 and 1983 were pretty bad.

neverrain · 01-10-2009, 01:31 PM

Quote:

Originally Posted by Brian

1982 and 1983 were pretty bad.

You weren't even alive lol.

Dousan_PG · 01-09-2009, 10:30 AM

yes reagan
republican

haha

240trainee · 01-09-2009, 10:31 AM

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

renegade_ewok · 01-10-2009, 11:19 AM

Quote:

Originally Posted by 240trainee

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

I am really glad someone said it because its just so blatantly obvious. Employment rates aren't everything.

atutt · 01-09-2009, 11:20 AM

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

sillyvia13 · 01-09-2009, 11:25 AM

Quote:

Originally Posted by atutt

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

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.

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

blueshark123 · 01-09-2009, 11:29 AM

Quote:

Originally Posted by atutt

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

Im guessing unemployment check?

*DALAZ_68* · 01-09-2009, 11:49 AM

Quote:

Originally Posted by blueshark123

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...

sillyvia13 · 01-09-2009, 11:22 AM

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

cc4usmc · 01-09-2009, 01:29 PM

Quote:

Originally Posted by sillyvia13

Obama got a set of Change Air Force Ones now! shits dope. all blue with his change logo.

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

stiizy · 01-09-2009, 01:30 PM

Quote:

Originally Posted by sillyvia13

Obama got a set of Change Air Force Ones now! shits dope. all blue with his change logo.

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

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

HyperTek · 01-09-2009, 12:01 PM

got this email this morning

Quote:

Dear MoveOn member,

The bad news: As of this morning, unemployment hit a 16-year high. We're in trouble.1

The good news: Yesterday, President-elect Obama laid out a bold plan for how to get us out of this economic crisis and invest in 3 million jobs. It's smart and progressive—doubling clean energy production, providing health care for laid-off workers, and offering real relief to struggling states.2

But the most important parts are already under attack by oil and health insurance lobbyists, joined by congressional conservatives who want to replace these progressive provisions with tax cuts for the rich.3

Only a massive public outcry will get Obama's plan passed intact. Can you sign our petition to Congress to pass Obama's economic plan right away? Click here to add your name:

MoveOn.org Political Action: Obama's plan under attack

In a few days, MoveOn members across the nation will deliver the petition signatures to the local offices of key undecided lawmakers, so every signature is crucial!

The petition says: "Congress should quickly pass Obama's plan to invest in clean energy, green jobs, health care, and relief for struggling states. No more tax cuts for the rich."

The investments Obama wants to make are the most effective way to stimulate the economy in the short-term and invest for the long-term:

* doubling clean energy production in three years;
* building a smart electric grid to distribute clean energy;
* weatherizing federal buildings and homes;
* creating millions of new green jobs;
* helping laid-off workers afford health care; and
* making sure struggling cities and states don't have to slash services.4

But conservatives in Congress are countering Obama's plan with a proposal for more tax cuts that will primarily benefit the wealthy,5 even though, as Nobel Prize-winning economist Paul Krugman affirms, "public investment is a much better way to provide economic stimulus than tax cuts."6

And energy industry lobbyists are quietly working behind the scenes to kill some of the most important green jobs provisions in the bill.

All the bickering is severely delaying Obama's plan, which he originally hoped to pass by Inauguration Day. As Obama said yesterday, if we don't act in time, "a bad situation could become dramatically worse."7

And it's not just the economy that could suffer. If Obama doesn't win big on this first fight, he won't have the political momentum to keep going on health care, clean energy, and ending the war in Iraq.

Can you get Obama's back by urging Congress to pass his economic recovery plan immediately? Clicking here will add your name:

MoveOn.org Political Action: Obama's plan under attack

Thanks for all you do.

aziankingz · 01-09-2009, 12:09 PM

ba-roke obama?

**RJF** · 01-09-2009, 12:51 PM

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).

01-09-2009, 10:07 AM	#3
Brian Post Whore! Join Date: Jan 2003 Location: usa Posts: 12,840 Trader Rating: (54) Rides Gallery: Brian Feedback Score: 54 reviews	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? __________________ http://bhworld.wordpress.com/

01-09-2009, 10:26 AM	#9
Dousan_PG Post Whore! Join Date: May 2002 Location: Orange County, California Age: 42 Posts: 16,640 Trader Rating: (23) Rides Gallery: Dousan_PG Feedback Score: 23 reviews	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. __________________ Aaron Pink GodziRa www.geocities.com/pink_godzira

01-09-2009, 10:29 AM	#16
Brian Post Whore! Join Date: Jan 2003 Location: usa Posts: 12,840 Trader Rating: (54) Rides Gallery: Brian Feedback Score: 54 reviews	1982 and 1983 were pretty bad. __________________ http://bhworld.wordpress.com/

01-09-2009, 10:30 AM	#18
Dousan_PG Post Whore! Join Date: May 2002 Location: Orange County, California Age: 42 Posts: 16,640 Trader Rating: (23) Rides Gallery: Dousan_PG Feedback Score: 23 reviews	yes reagan republican haha __________________ Aaron Pink GodziRa www.geocities.com/pink_godzira

01-09-2009, 10:31 AM	#19
240trainee Post Whore! Join Date: Jun 2003 Location: Richmond, VA Age: 34 Posts: 3,861 Trader Rating: (1) Feedback Score: 1 reviews	And there is more to the economy that unemployment rates anyway. __________________ Team Pterodactyl SHARK ATTACK!!! LookoutDrift

01-09-2009, 09:53 AM	#1
RJF Super Administrator & Bean Counter Join Date: Jun 2001 Location: Lone Tree, CO Posts: 2,400 Trader Rating: (0) Feedback Score: 0 reviews	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 __________________ *Zilvia.net...Where the Truth Hurts and Pain Builds Character*

01-09-2009, 10:02 AM	#2
DALAZ_68 not giving a fuck Join Date: Apr 2007 Location: Los angeles Age: 35 Posts: 15,080 Trader Rating: (104) Feedback Score: 104 reviews	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... __________________ LOL 240... whats better than 1? 5 1's ...lol PSN & XBL GT : Wh0pp3r68 CLUB LEXUS : Wh0pp3r

01-09-2009, 10:16 AM	#6
Matej Post Whore! Join Date: Feb 2007 Location: N/A Posts: 9,423 Trader Rating: (39) Feedback Score: 39 reviews	Hey y'all, I've grown tired of all the sarcasm on Zilvia.

01-09-2009, 10:20 AM	#7
s14kings Leaky Injector Join Date: Dec 2008 Location: socal Posts: 101 Trader Rating: (1) Feedback Score: 1 reviews	Then leave.

01-09-2009, 11:20 AM	#21
atutt Zilvia Addict Join Date: Oct 2006 Location: barrie, ontario, canada Age: 35 Posts: 997 Trader Rating: (0) Feedback Score: 0 reviews	What is a Statue of Liberty check? Forgive me I'm Canadian...

01-09-2009, 11:22 AM	#25
sillyvia13 BANNED Join Date: Jan 2006 Location: nh Posts: 1,645 Trader Rating: (1) Feedback Score: 1 reviews	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

01-09-2009, 12:09 PM	#29
aziankingz Nissanaholic! Join Date: Oct 2007 Location: NYC Age: 38 Posts: 1,735 Trader Rating: (28) Feedback Score: 28 reviews	ba-roke obama?

01-09-2009, 12:51 PM	#30
RJF Super Administrator & Bean Counter Join Date: Jun 2001 Location: Lone Tree, CO Posts: 2,400 Trader Rating: (0) Feedback Score: 0 reviews	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). __________________ *Zilvia.net...Where the Truth Hurts and Pain Builds Character*

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