With news like this, voters will be willing to change their politicians frequently ...
The presidents chief economic adviser warned Friday that the nations unemployment rate could stay unacceptably high for years to come a situation that would seriously complicate Barack Obamas ability to convince Americans that hes beating back the recession.
The level of unemployment is unacceptably high, National Economic Council Director Larry Summers said Friday. And will, by all forecasts, remain unacceptably high for a number of years.
oh geeeeezzzzz.... who do you think broke the economy?
Anyone with an ounce of brains does not expect a quick fix. For a generation of individuals who have basically had everything handed to them with little effort there is a lot of grit, determination and ingenuity occurring that would not have otherwise happened. Along with the bad things, there ARE good things happening. I prefer to look ahead and work with optimism making things better. If ya'll want to whine and cry the "woe is me", well feel free. It really gets one nowhere though.
This message has been edited by beastmom on Sep 11, 2009 10:07 PM
Well, let's see. Must have been about 2006 when the Democrats regained control. So why would you expect the Democrats to have the answers since they were the ones who caused it?
I so distinctly recall the "downturn" we experienced right after bush first took office and the republicans blamed that on Clinton, and kept repeating that it took about six years for a President's economic policies to take effect. So, in 2006, I would say that whatever economic situation we were in would be the result of bush's economic policies. You folks cannot have your cake and eat it too. Either it takes about six years or it doesn't.
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I don't know if dead fish go with the
flow or not, but I knew they stink. Try
to avoid becoming one.
Why were so many prominent Republicans bailing out in 2006? Could it be they knew they had fleeced the nation so thoroughly that the downturn was inevitable and they didn't want to be around when it hit?
This message has been edited by indisgeyes on Sep 11, 2009 10:33 PM
Well Barbara, if you check the Stock Market itself, you will notice that it began falling in the Clinton year on March 4 2000. It continued to fal as a business cucle until 9/11 and that attack caused the market to fall even further.
Now notice that the market actually rose by 3000 points dui=ring the Bush years but fell after the Democrats took over in 2006. Therefore, it finally eneded as a net looss during the Bush administration as a whole.
Why were so many prominent Republicans bailing out in 2006? Could it be they knew they had fleeced the nation so thoroughly that the downturn was inevitable and they didn't want to be around when it hit?
Well if could be, but that is a matter of conjecture. You would hve to ask each one why the choice to bail out. But my guess was the war rather than the economy for most of the Republicans leaving.
And you do recall the housing forclosures were due to the insistence that loans be made to bad risks. Reno threatened banks to t=mke the loans. And the gas prices going up caused a lot of foreglosures because the family budgets were strained. And also the market fell on houses with uinder water markets/. Many reasons could be used to account for the decline
This message has been edited by Poetse12 on Sep 11, 2009 10:47 PM
Current Topic - Alice, I think you'll get your wish
