More Jobs Might Be Created This Year Than During Bush's Presidency
- Thread starter Range Rover
- Start date
More like it has already been done to death and I have no inclination of explaining to you yet again what you already know but refuse to accept. Even so, have someone read this to you:
http://kavips.wordpress.com/2008/09/28/the-collapse-is-the-republicans-fault/
P.S. When you look into the shaving mirror each morning, is this what you see?
The drop in economic numbers was as fast after 9/11 then was in 2009.
For another year after 9/11 things were dead. The market kept going down , airlines were all dying, no one was traveling. Unemployment about doubled.
The difference is that in 2003 Bush cut taxes, sustained attacks on the terrorists. Talk up safety of traveling, promoted consumer spending.
Had Bush did what Obama has done we never would have recovered in 2003
Art Cashin is highlighting the Demand-Side vacuum
http://www.zerohedge.com/article/art-cashin-fed-walking-tightrope-hurricane-and-other-observations
"If you ask small businesses why aren't you borrowing, their answer is "send me a customer, don't send me credit.""
There ain't no wages to spend though unless you are in the top 1%.
http://www.ft.com/cms/s/2/1a8a5cb2-9ab2-11df-87e6-00144feab49a.html
"Dubbed âmedian wage stagnationâ by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 â having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. Over the same period the incomes of the top 1 per cent have tripled. In 1973, chief executives were on average paid 26 times the median income. Now the _multiple is above 300. "
http://www.zerohedge.com/article/art-cashin-fed-walking-tightrope-hurricane-and-other-observations
"If you ask small businesses why aren't you borrowing, their answer is "send me a customer, don't send me credit.""
There ain't no wages to spend though unless you are in the top 1%.
http://www.ft.com/cms/s/2/1a8a5cb2-9ab2-11df-87e6-00144feab49a.html
"Dubbed âmedian wage stagnationâ by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 â having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. Over the same period the incomes of the top 1 per cent have tripled. In 1973, chief executives were on average paid 26 times the median income. Now the _multiple is above 300. "
Presidents since 1973:
Nixon (R) - 1973 - 74
Ford (R) - 1974 - 77
Carter (D) - 1977 - 1981
Reagan (R) - 1981 - 1989
Bush (R) - 1989 - 1993
Clinton (D) - 1993 - 2001
Bush the Unready (R) - 2001 - 2009
Obama (D) 2009 - present
That's 13 and a bit for the D's, 24 or so for the R's. Or, about twice as much time under R as under D.
So, the fact that inequality has increased mightily while the average person has sat still should come as no surprise. It's what the Republicans stand for, and they make no bones about it.
I keep seeing these posts from folks complaining about this increase in inequality, and how the average person is having a much tougher time now than they used to, and yet their answer is to do yet more stuff from the Republican playbook. Makes me wonder, a lot.