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So should we give Obama a nobel prize for predicting a 10% unemployment?!
- Thread starter 426653478
- Start date
Quote from pspr:
I think most recognized economists were saying 11% or 12% would be a likely place for Unemployment to top out.
What I don't understand is if Obama has any sense why any one of his 300 economic advisors didn't tell him that the last thing employers do in a recovery is add employees. He should have known not to predict his stupidly conceived stimulus wasn't going to hold the unemployment number under 8%. I don't think he is anywhere near as smart as many give him credit for. He clearly doesn't have a grasp of economics or foreign policy and is just stumbling around.
Having studied his history, I believe he is hell bent on getting his liberal agenda enacted at any expense. The economy and foreign policy are just tools at his disposal to reach his ends.
Code:<img src="http://www.crossactionnews.com/photo/image/11816/medium/Obama_s_Youth_2.jpg?1245236206">
Of course not. He is proving totally inept at economics.
He needs to fire half of his staff(fire emanuel first)and ask for help from those who know what the hell is going on.
Otherwise, its over.
Or maybe just save us all some trouble and resign.
Quote from gigsup:
Of course not. He is proving totally inept at economics.
He needs to fire half of his staff(fire emanuel first)and ask for help from those who know what the hell is going on.
Otherwise, its over.
Or maybe just save us all some trouble and resign.
This guy is sooooo arrogant and he is surrounded by arrogance that to resign is beyond anything they can see. They may care about the economy but they are interested in covering up what they have done the last 20 years, in particular the late 90's and early 2000's . Barney ,chris, Emanuel, are headed for massive headaches for their connections with Frannie and freddie! so they are trying to cover their asses.To put frank on any commette is shameful. If florida doesn't boot him out, he should resign! Where are the outraged floridians?
Quote from bugscoe:
And the stimulus (that needed to be passed in a hurry before the US blew up) was suppose to keep unemployment under 9%.
Says who???
3/4's of the stimulus package that the Congress passed in February won't even hit the Economy till 2010. Everyone knows this . . . except idiots like you.
Quote from pspr:
What I don't understand is if Obama has any sense why any one of his 300 economic advisors didn't tell him that the last thing employers do in a recovery is add employees. He should have known not to predict his stupidly conceived stimulus wasn't going to hold the unemployment number under 8%. I don't think he is anywhere near as smart as many give him credit for. He clearly doesn't have a grasp of economics or foreign policy and is just stumbling around.
Quote from bugscoe:
And the stimulus (that needed to be passed in a hurry before the US blew up) was suppose to keep unemployment under 9%.
Quote from gigsup:
Of course not. He is proving totally inept at economics.
At this point in the game, it's not all that surprising that we have some of the DUMBEST posters in the internet universe posting on ET.
None of the MORONS listed above can find Obama making reference to the stimulus package keeping unemployment from rising above 8% or 9%, let alone a statement to the contrary to Obama's understanding that "jobs are a lagging indicator."
One of the reasons for this ( aside from the sheer stupidity shown by the posters above ) is because the unemployment rate was already at 8.1% for the month of January
But I guess the idiots here on ET feel that if they keep saying it often enough . . . it will become true.
Pathetic.
Quote from pspr:
I suggest you're an idiot with very poor analytical skills. Go away.
You need to take a good hard look in the mirror my friend.
No where did the President ever say that the stimulus package would keep unemployment from going above 8% as you claim.
Before the stimulus bill was signed into law on Feb. 17th, the January unemployment rate was already at 8.1%
Duh.
Quote from Landis82:
You need to take a good hard look in the mirror my friend.
No where did the President ever say that the stimulus package would keep unemployment from going above 8% as you claim.
Before the stimulus bill was signed into law on Feb. 17th, the January unemployment rate was already at 8.1%
Duh.
However, he did say the stimulus was intended to keep unemployment from going above 10% and at that time we could assume he knew it was going to 10%. He isn't that deceptive and stupid at the same time to specify something like the unemployment numbers. This was done back before he was told to be upbeat and positive, americans won't panic if their President is up beat about the econmomy! So he said he was trying to stem unemployment from going to 10% or higher, of which many econmists cameo ut and said it was going there just on the bankruptcy of GM. He is a bone head who thinks he can really stop a truck coming down the highway right at him! Or he is a blatant Bs artist. I chose to think he is just a bonehead!
Quote from Landis82:
At this point in the game, it's not all that surprising that we have some of the DUMBEST posters in the internet universe posting on ET.
None of the MORONS listed above can find Obama making reference to the stimulus package keeping unemployment from rising above 8% or 9%, let alone a statement to the contrary to Obama's understanding that "jobs are a lagging indicator."
One of the reasons for this ( aside from the sheer stupidity shown by the posters above ) is because the unemployment rate was already at 8.1% for the month of January
But I guess the idiots here on ET feel that if they keep saying it often enough . . . it will become true.
Pathetic.
If you cannot see through this charletan, I don't know what else to say about you Landis. I'll just call you deceived but not a moron.
Quote from wmb:
However, he did say the stimulus was intended to keep unemployment from going above 10% and at that time we could assume he knew it was going to 10%.
I chose to think he is just a bonehead!
Please post a link referencing your claim above, otherwise it is you that looks like a "bonehead" playing on the Internet with all of the other kiddies.
As I recall, Obama never said anything of the sort. His economists said that "unemployment could top 10 percent before the recession ends."
http://economictimes.indiatimes.com/Obama_plans_to_reverse_economic_slide/rssarticleshow/4027927.cms