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Red Blooded American
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Discussion Starter #1
With the unemployment rate continuing to rise monthly and housing prices continuing to dive it appears the Kenyon's plan isn't showing signs of economic growth as promised. Pelosi's claim of losing 500 Million U.S. jobs per month if we didn't pass the stimulus package was not only Pelosi-Stupid but an outright lie. It appears these moneys aren't hiring anyone?

How many here have been hired to a new job using our hard earned tax money to stimulate this economy? Please elaborate.
 

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"On the road again..."
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Rush had an interesting theory that Chairman O isn't really concerned with job loss. As the economy worsens it just allows more govenment intervention giving the WH more power and control. I'd wager in early 2012 we'll see a drastic upward bump in the economy to coincide with the attempt to keep the "Crown".

For now if you want to see job growth look to the federal government. HusseinO has likely created more government jobs since gaining office than the last 8 years of Bush. That's where the job growth is at....

A number released yesterday says $1 in every $6 of earnings in the US comes from the government, either through wages or entitlements. Look for this number to grow.:|err
 

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Colts fan & Stoker owner
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Heard that unemployment numbers were higher than that in certain parts of So Cal. I am still not working at if the anointed one keeps cutting defense spending it will be a LONG road for me.
 

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Every good socialist knows that the existing capitolistic economy has to be dismantled before a new socialistic one can replace it. President Obama is just puting us all through "a rebuilding period"...:)sphss
 

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Temporarily Pacified!
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5,554 Posts
Asking about California??????


UNLUCKY 13


In April 2009, 13 U.S. cities had unemployment rates above 15%.


1.El Centro, Calif 26.9%


2.Yuma, Ariz. 20.3%


3.Merced, Calif. 18.3%


4.Yuba City, Calif. 18.2%


5. Elkhart, Ind.17.8%


6. Modesto, Calif.16.8%


7.Stockton, Calif. 15.6%


8. Bend, Ore. 15.6%


9. Fresno, Calif. 15.5%


10. Visalia, Calif. 15.4%


11. Redding, Calif. 15.4%


12. Hanford, Calif. 15.3%


13. Longview, Wash. 15.2%
Source:Bureau of Labor Statistics


















 

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Red Blooded American
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Discussion Starter #6
Interesting that nine of the highest unemployed cities are in California where Pelosi represents!

Good thing we passed that stimulus package, huh Nancy?

What does she care, her husband is still making millions off government deals and she still flies across the country often in better style than the CEOs of the world's largest corporations. Isn't she something?

She's a Chimp too, Ultra!
 

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Marine Organism
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A number released yesterday says $1 in every $6 of earnings in the US comes from the government, either through wages or entitlements. Look for this number to grow.:|err
They do the same here with the state and local governments. Problem is, once they are created, they are difficult if not inposstible to abort.:mad:
 

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Desert Racing Widow
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2,073 Posts
I'm not here to say whether it will work or not, but every economics class I've taken (four, I think) stated that it takes minimum 9 months and more like 15 for any policies to START to have an effect. I would think you would know that.

Dave Ramsey stated yesterday that he thought this recession was about over. I trust his opinion. Not taking it to the bank, but it has value. More than the opinion of most armchair economists here. I hope he's right.
 

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About the economy. I think we have a long ways to go. Is everyone waiting for the houses to go up in value so they can start buying things, they can't pay cash for. Credit is why we are in this mess. I have people wanting to buy a soda on credit. We don't take cards at my business.
This mentality of putting every thing on the card. I do not get. What happened to cash. Hope i'm wrong on the economy. I don't even want to hear about more taxes. But a flat tax would be better, as long as they get rid of the other taxes. (YA, sure they will)
 

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"On the road again..."
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I'm not here to say whether it will work or not, but every economics class I've taken (four, I think) stated that it takes minimum 9 months and more like 15 for any policies to START to have an effect. I would think you would know that.

Dave Ramsey stated yesterday that he thought this recession was about over. I trust his opinion. Not taking it to the bank, but it has value. More than the opinion of most armchair economists here. I hope he's right.
There are economists that aren't "armchair" viewing the stimulous package for what it is, a Democratic wish list recklessly enabled without foresight or common sense economic reasoning. Anything generating this much future debt and tax increases is not a good thing and no amount of wait and see is going to make it anymore palatable when we are living with the consequences.
 

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E-7 Sheepdog (ret)
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The ONLY "entity" in this nation capable of creating 15-20 million jobs, is private business. (30 million is 10% of the nation, and 4.5% will NEVER be employed, so the "true" unemployment rate is actually about 5%)

Businesses are being taxed more.
Business owners are being taxed more (as long as they make 250K/yr of course, the greedy pigs).
Of course, someone (lately missing from here) mistakenly thinks businesses actually pay taxes out of their proffits (name withheld ;) ).

Same missing person claimed Obama would ("might") lower taxes tho...........................

Businesses expenses are going up, while people are purchasing less, and being more selective in what they purchase.
This even happens to those who have enough $$$$ to own airplanes. They are shopping for their maintenance and repair expenses, comparing price first, I see this daily @ Learjet. We are actually having to take some losses just to get work on some things, try to cover them on other things we are more competitive on.

Obama is strangling business, and his "stimulous" package had absolutely nothing to do with "stimulating" anythibng, except "stimulating" government spending, like never before.
 

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Desert Racing Widow
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There are economists that aren't "armchair" viewing the stimulous package for what it is, a Democratic wish list recklessly enabled without foresight or common sense economic reasoning. Anything generating this much future debt and tax increases is not a good thing and no amount of wait and see is going to make it anymore palatable when we are living with the consequences.
I agree with you. I guess what I'm saying is you really can't start saying whether it's "working" or not yet, as much as we'd all love to. We won't start seeing any effects for another 3-9 months. Honestly, I hope it works. I can't see how it will, especially in the long term with all that debt, but I hope I'm wrong and that it will work.
 

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adjones419
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1,064 Posts
Borrowing money to get out of debt? Spending your way out of a recession? That sounds like a brilliant idea.

I think the Democrats said that if the stimulus wasn't passed immediately (which they said it needed to be, hence they didn't even read it), unemployment would reach about 8.8% by the first quarter of 2010. If passed immediately, unemployment would top out at 7% and then get back under control to the normal 5%. So, here we are half-way through 2009, and unemployment is at 9.4%.

But remember folks, the Democrats will tell you that all of this is acceptable because George W. Bush got us in this mess in the first place.

Let's look at it from a corporate point of view. Let's say you are hired as the new CEO of a company because they are financially stressed and need someone to get things back in order. What's the last thing you would do? The last thing I would do is spend a bunch of money that the company doesn't have, which is exactly what Obama has done.

Reagan inherited huge inflation, huge unemployment, huge interest rates. Did he spend a bunch of money trying to fix all of these? No. He cut taxes and let the small businesses, the entrepreneurs, and the hard-working American citizens turn the economy around. Guess what? It worked. Even if the stimulus does work, we're going to need another recession to combat the inflation caused by all of the money that was printed. How long will that recession last?
 

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"On the road again..."
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Borrowing money to get out of debt? Spending your way out of a recession? That sounds like a brilliant idea.

I think the Democrats said that if the stimulus wasn't passed immediately (which they said it needed to be, hence they didn't even read it), unemployment would reach about 8.8% by the first quarter of 2010. If passed immediately, unemployment would top out at 7% and then get back under control to the normal 5%. So, here we are half-way through 2009, and unemployment is at 9.4%.

But remember folks, the Democrats will tell you that all of this is acceptable because George W. Bush got us in this mess in the first place.

Let's look at it from a corporate point of view. Let's say you are hired as the new CEO of a company because they are financially stressed and need someone to get things back in order. What's the last thing you would do? The last thing I would do is spend a bunch of money that the company doesn't have, which is exactly what Obama has done.

Reagan inherited huge inflation, huge unemployment, huge interest rates. Did he spend a bunch of money trying to fix all of these? No. He cut taxes and let the small businesses, the entrepreneurs, and the hard-working American citizens turn the economy around. Guess what? It worked. Even if the stimulus does work, we're going to need another recession to combat the inflation caused by all of the money that was printed. How long will that recession last?
Excellent post that spells it out.

Another concern we have facing us in this downturn, is the government controls on resources. Oil companies are not allowed to drill in prime leases and it's forcing them to drill deeper water and other parts of the world. Now oil stockpiles are growing because business is stagnated and we are currently in limbo. It's a mess.

Oil is an ingedient in far more than just transportation. Manufactuing is stagnant and without some stimulous to start production back up, chemical, steel, and general manufactuing jobs will not pick up.

If Chairman O wants to produce a "real" stimulous, he will tell his "dogs" in Congress, starting with Lady P, to backoff and start building some Nuke Power Plants. Every Nuke project is going to be good for pumping several billion into state and local economies. Get a dozen of those "needed" projects going around the country and the economy would soon be booming. To me it's a simple solution to a necessay problem.
 

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Excellent post that spells it out.

Another concern we have facing us in this downturn, is the government controls on resources. Oil companies are not allowed to drill in prime leases and it's forcing them to drill deeper water and other parts of the world. Now oil stockpiles are growing because business is stagnated and we are currently in limbo. It's a mess.

Oil is an ingedient in far more than just transportation. Manufactuing is stagnant and without some stimulous to start production back up, chemical, steel, and general manufactuing jobs will not pick up.

If Chairman O wants to produce a "real" stimulous, he will tell his "dogs" in Congress, starting with Lady P, to backoff and start building some Nuke Power Plants. Every Nuke project is going to be good for pumping several billion into state and local economies. Get a dozen of those "needed" projects going around the country and the economy would soon be booming. To me it's a simple solution to a necessay problem.
The problem with your line of reasoning Tex is its based on logic and facts. I'm really curious to see how bad revenues are down in early 2010 for the Federal Government. I think the one thing that just might grab everyones attention and disdain will be the push for taxing health care. Not that there hasn't been enough food for thought up to this point.
 

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VOTE!
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With the unemployment rate continuing to rise monthly and housing prices continuing to dive it appears the Kenyon's plan isn't showing signs of economic growth as promised. Pelosi's claim of losing 500 Million U.S. jobs per month if we didn't pass the stimulus package was not only Pelosi-Stupid but an outright lie. It appears these moneys aren't hiring anyone?

How many here have been hired to a new job using our hard earned tax money to stimulate this economy? Please elaborate.
On 60 Minutes last night Bernanke gave a good explanation of the where the money is going and why. It was a very good interview.
 

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Red Blooded American
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Discussion Starter #17
On 60 Minutes last night Bernanke gave a good explanation of the where the money is going and why. It was a very good interview.
Care to elaborate? I deal with people from all walks of life all day long and I've yet to meet anyone who has seen one job created in their fields or companies.
 

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Colts fan & Stoker owner
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E-7 Sheepdog (ret)
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The problem with your line of reasoning Tex is its based on logic and facts. I'm really curious to see how bad revenues are down in early 2010 for the Federal Government. I think the one thing that just might grab everyones attention and disdain will be the push for taxing health care. Not that there hasn't been enough food for thought up to this point.
For 2009 it's already down something like 35%.

NY State is down 51%.
 

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On 60 Minutes last night Bernanke gave a good explanation of the where the money is going and why. It was a very good interview.
Billy Mays has a great pitch for a bunch of products, but I'm not buying any of his bs either. The only reason he did the 60 Minutes interview was to sell the wastefull spending.
 
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