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Forums - General - Unemployment at a 26 year high (9.7%)

CommunistHater said:
Wheres the jobs democrats? You signed over a trillion dollars in spending at the start of the year.

There should be 0% unemployment with that money. Everyone who wants ten thousand dollar a year job should have one from the democrats

we didn't have it when 3.5 trillion were spent  during the Bush adminstration,were not gonna have it now doing a recession. Please dont make this a flamebait thread.



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bigdom2786 said:
CommunistHater said:
Wheres the jobs democrats? You signed over a trillion dollars in spending at the start of the year.

There should be 0% unemployment with that money. Everyone who wants ten thousand dollar a year job should have one from the democrats

we didn't have it when 3.5 trillion were spent  during the Bush adminstration,were not gonna have it now doing a recession. Please dont make this a flamebait thread.

At least Bush got everyone a check for his stimulus.  Obama is spending 3 times as much and a specific srtimulus bill is doing nothing for most people.

By the way flamebait is yelliing but BOOSH when things are 3 times as bad under obama



Repent or be destroyed

you people are so negative instead of looking at the 1/10 of the empty glass of water look at the 9/10 of it full thx to Obama



Bet reminder: I bet with Tboned51 that Splatoon won't reach the 1 million shipped mark by the end of 2015. I win if he loses and I lose if I lost.

Okay Communisthater, so your saying that since right-wing economics put us in a recession, we should let right-wing economics take us out?



ManusJustus said:
Okay Communisthater, so your saying that since right-wing economics put us in a recession, we should let right-wing economics take us out?

Only Idiots think one party put us into this terrible recession.  Entitlement talk of a house for everyone, government regulation, and debt loving Americans put us in this recession. 

25.5% teen unemployment hows that gov min wage hike helping?



Repent or be destroyed

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CommunistHater said:
Wheres the jobs democrats? You signed over a trillion dollars in spending at the start of the year.

There should be 0% unemployment with that money. Everyone who wants ten thousand dollar a year job should have one from the democrats

Are you series? 10k a year? I mean, really. You can't be serious.



 

 

There are two things that are starting to make me very worried about the long term health of the American economy ...

  1. What happens when the US government stops "Stimulating" the economy
  2. What happens if the US government doesn't stop "Stimulating" the economy

Jobs created in the private sector tend to (after going through an initial "loss" period) generate a product or service of enough value that revenue generated from their work exceeds the cost and they become self sustaining. In contrast, jobs created in the public sector tend to require continued support from the tax-payer in order to exist.

Now, being that the rise in unemployment and decline in GDP has mostly become slower do to an increase in the number of jobs and (so called) "productivity" within the public sector (and the private sector continues to suffer) unless the stimulus has effectively increased the efficiency of private industry when the stimulus is taken away unemployment will rise and GDP will shrink again. At the same time, if the government is forced to maintain this spending taxes will increase in the future which will create a drag on business in the future resulting in increasing unemployment in the private sector and shrinking GDP.

 



Remember that forecast graph by the obama guys who said that unemployment would level off at like 8.5%?



 

 

CommunistHater said:
ManusJustus said:
Okay Communisthater, so your saying that since right-wing economics put us in a recession, we should let right-wing economics take us out?

Only Idiots think one party put us into this terrible recession.  Entitlement talk of a house for everyone, government regulation, and debt loving Americans put us in this recession. 

25.5% teen unemployment hows that gov min wage hike helping?

Only idiots think that Republicans are the only right-wing party.



ManusJustus said:
CommunistHater said:
ManusJustus said:
Okay Communisthater, so your saying that since right-wing economics put us in a recession, we should let right-wing economics take us out?

Only Idiots think one party put us into this terrible recession.  Entitlement talk of a house for everyone, government regulation, and debt loving Americans put us in this recession. 

25.5% teen unemployment hows that gov min wage hike helping?

Only idiots think that Republicans are the only right-wing party.

You could argue that neither party in the United States is fiscally conservative, and that the interference of both political parties in the economy while they were in power has contributed to the current (negative) state of the economy.