Employers still cutting jobs

jobless10From the Washington Post: “The number of jobs on employers’ payrolls fell by 467,000, the Labor Department said. That is many more jobs than were shed in May and far worse than the 350,000 job losses that economists were forecasting. Job losses peaked in January and had declined every month until June. The steep losses show that even as there are signs that total economic activity may level off or begin growing later this year, the nation’s employers are still pulling back.”

108 Comments

  1. American_Way
    Posted July 2, 2009 at 11:58 am | Permalink

    “Unemployment will hit 8% before getting better”
    - Obama
    “Unemploymnet will hit 9% before getting better”
    - Obama

    Unemployment heading to 10%.

    Obama – Worst President. Ever.

  2. JimJohnson
    Posted July 2, 2009 at 12:04 pm | Permalink

    Obama used to say:

    The rate of job loss is getting less worse, so the economy was improving.

    Now the rate of job loss is getting more worse, so will Obama still brag about the number of jobs that HE has saved?

  3. biased1
    Posted July 2, 2009 at 12:05 pm | Permalink

    Unemployment hits 9.5%

    The WPE (for Worst Pres. Ever) is “deepy concerned”

    whew! I feel beter about the trillion dollar stimulus now…..

  4. JimJohnson
    Posted July 2, 2009 at 12:06 pm | Permalink

    BTW,

    Thanks Phil for your kind email, and for posting this topic.

    I really thought this would be a barn burner of a topic that would create a lot of posts and help boost McClatchey advertising revenue.

    Thanks again.

  5. biased1
    Posted July 2, 2009 at 12:06 pm | Permalink

    “deeply concerned”

    my bad

  6. JimJohnson
    Posted July 2, 2009 at 12:09 pm | Permalink

    See Phil, 6 comments in 12 minutes.

    Great topic!

  7. Phantom
    Posted July 2, 2009 at 12:10 pm | Permalink

    The worst recession since the depression, doesn’t magically end with the term of the WPE.

  8. gster
    Posted July 2, 2009 at 12:24 pm | Permalink

    Do you really expect “The One” to already have fixed 8 years of “The Zero’s” diasters?

  9. biased1
    Posted July 2, 2009 at 12:26 pm | Permalink

    Phatman- “doesn’t magically end with the term of the WPE.”
    ————————————
    You CAN however pinpoint EXACTLY the date it started……

    January 3, 2007

  10. Posted July 2, 2009 at 12:26 pm | Permalink

    Phantom
    Posted July 2, 2009 at 12:10 pm | Permalink
    The worst recession since the depression, doesn’t magically end with the term of the WPE.

    _____________________________________________________________

    Ah SCHIT!!! You mean this is going to last longer than 2012???

  11. Phantom
    Posted July 2, 2009 at 12:35 pm | Permalink

    Don’t know about 2012, but I do know it’ll take longer than nearly 6 months!

  12. Jed
    Posted July 2, 2009 at 12:44 pm | Permalink

    Of course employers are still cutting back. They won’t hire again until their orders exceed their current production capacity. The orders won’t come in until sales rise. Sales won’t rise until more people have jobs and can afford to buy things. A recession is a vicious circle that’s difficult and takes time to get out of. What did you expect?

  13. Phantom
    Posted July 2, 2009 at 12:50 pm | Permalink

    They must’ve had too high of expectations for The One, and really bought into the He’s the Messiah rw rhetoric.

  14. WSClark
    Posted July 2, 2009 at 1:17 pm | Permalink

    Well, I just love the Republican/conservative view of the recession – give a pass to George W Bush, but expect Barack Obama to clean up the mess in six months.

    Great, the conservatives are just so forgiving when it comes to one of their own.

  15. ANTI
    Posted July 2, 2009 at 1:21 pm | Permalink

    George W Bush was not a Conservative.

  16. biased1
    Posted July 2, 2009 at 1:31 pm | Permalink

    George W Bush was not a Conservitive

  17. WSClark
    Posted July 2, 2009 at 1:38 pm | Permalink

    “George W Bush was not a Conservative.”

    Well, he certainly was a Republican, and he certainly wasn’t a liberal.

    I have noticed this trend with “conservatives” trying to divorce themselves from GWB, but you were all glad to claim him just two to four short years ago.

    My, how times change.

  18. outlander
    Posted July 2, 2009 at 1:39 pm | Permalink

    I have too much money at stake to wish anything but a quick recovery on the economy. But, if I were the Democrats, I sure wouldn’t want to own it. And they do now. The President and both Houses of Congress. You wanted it. You got it.

    No excuses.

  19. KSGolfnut
    Posted July 2, 2009 at 1:39 pm | Permalink

    Bush inherited a recession from Clinton, and promptly cut taxes and kept a reign on government spending (something we wish he had done more vigilantly over the following 7 years).

    Result: one of the shortest and weakest recessions in history.

    Obama is doing the opposite – GREATLY increasing spending and raising taxes. It should come as no surprise that the recession is deepening.

  20. biased1
    Posted July 2, 2009 at 1:42 pm | Permalink

    WassClerkI- “have noticed this trend with “conservatives” trying to divorce themselves from GWB,”
    ———————————–
    Just now?
    Where you been the last 6 years?
    Under a rock?

  21. Jed
    Posted July 2, 2009 at 1:44 pm | Permalink

    Second tactic- disown your own children. Bush isn’t a conservative, Roeder isn’t a christian, Hitler wasn’t a Nazi, etc. etc. etc.!

  22. WSClark
    Posted July 2, 2009 at 1:47 pm | Permalink

    “Result: one of the shortest and weakest recessions in history.”

    Bush reigned in spending? He never even proposed a balanced Federal budget and presided over the greatest increase in the Federal debt over eight years in history, from $5.4 trillion to $11 trillion.

  23. WSClark
    Posted July 2, 2009 at 1:49 pm | Permalink

    “Just now? Where you been the last 6 years? Under a rock?”

    A post not worthy of an answer.

  24. Jed
    Posted July 2, 2009 at 1:51 pm | Permalink

    GNutzo,
    “Bush inherited a recession from Clinton, and promptly cut taxes and kept a reign on government spending (something we wish he had done more vigilantly over the following 7 years).”

    So you’re saying that this is the Clinton recession that Bush managed to stave off for 8yrs? If that’s the case, we could just as easily argue that it’s the Hoover depression that Rooseveldt and other Democrats held at bay until Bush screwed it up.

  25. Posted July 2, 2009 at 1:51 pm | Permalink

    Hey, GNut.. you seem to assume all recessions are the same, which is a false assumption.

    Previous recessions did not include the catastrophic financial infrastructure collapses we have recently witnessed.

    Many economic indicators are showing signs of improvement, even the unemployment figures did until June’s.
    CHART: http://s.wsj.net/public/resources/MWimages/MW-AB105_payrol_MD_20090702110715.jpg

  26. KSGolfnut
    Posted July 2, 2009 at 1:52 pm | Permalink

    DA, can you not read?

  27. KSGolfnut
    Posted July 2, 2009 at 1:54 pm | Permalink

    Hey DavidB… you seem to assume that I assume all recessions are the same.

    I do not.

    But, ceteris parabis, a spending freeze coupled with tax relief is the quickest way out of a recession.

  28. ANTI
    Posted July 2, 2009 at 1:55 pm | Permalink

    If not stopped, the Obama Experiment will be a catastrophic failure that will decimate the poor and middle class.

  29. KSGolfnut
    Posted July 2, 2009 at 1:57 pm | Permalink

    Jed, your comprehension and analysis of my post leaves plenty to be desired.

    Please re-read and try again.

    Thx.

  30. KSGolfnut
    Posted July 2, 2009 at 1:59 pm | Permalink

    In fact, DavidB, I would propose that a hefty government spending overhaul and reduction by 10%/year would result in tremendous economic growth.

  31. Posted July 2, 2009 at 1:59 pm | Permalink

    And somehow I think we have to keep in mind that no leader has ever launched a major war, let alone two, and lowered tax rates at the same time.. until GWB tried it…

    This huge expenditure has few benefits back home, unlike stimulus spending which invests in energy saving and infrastructure improvements…

  32. BlueJay
    Posted July 2, 2009 at 2:07 pm | Permalink

    “Jobs” generally means one man or company exploiting human talent or labor and under compensating it to make money.

    Except for union jobs, people are better off working for themselves. The explosion in public works and green initiatives will create plenty of work for the optimistic and forward thinking. Old, inflexible, exploitive business types are terrified of that and of a resurgence in unions.

  33. WSClark
    Posted July 2, 2009 at 2:08 pm | Permalink

    “DA, can you not read?”

    You should be able to do better than your lame “DA” comment by now, Golf.

    BTW: Haven’t smoked in four years now. Thanks for asking.

    And yes, I read your post; because I disagree with does not mean that I cannot read.

  34. Jed
    Posted July 2, 2009 at 2:09 pm | Permalink

    GNutzo,
    Your comprehension and analysis of this recession leaves a few things to be desired too.
    You somehow managed to overlook all the fraud, ponzi and corruption that ‘publican deregulation lead directly to. You failed to mention the unnecessary and ill-advised war your boy got us into, and the resultant looting of the treasury and passing it out to ‘publican campaign contributors (or was that “Investors?”). You didn’t even see the ‘publican pork barrel pig-out congress went on. etc.

  35. ANTI
    Posted July 2, 2009 at 2:13 pm | Permalink

    You somehow managed to overlook all the fraud, ponzi and corruption that ‘publican deregulation lead directly to.
    =============================

    Hey, so did Bawney Fwank.

    I don’t think he’s a “publican”.

  36. WSClark
    Posted July 2, 2009 at 2:14 pm | Permalink

    “Hey, so did Bawney Fwank.”

    So what did Barney Frank do and when did he do it?

  37. ANTI
    Posted July 2, 2009 at 2:20 pm | Permalink

    So what did Barney Frank do and when did he do it?
    =============================================

    The info on Frank has been posted here on WEBlog about 1,294,675 times.

    Maybe it was posted while you were in Florida.

  38. American_Way
    Posted July 2, 2009 at 2:22 pm | Permalink

    You libs cannot spin this:

    The nation’s jobless rate scored it biggest year-to-year June increase in four decades, losing 6.1 million jobs in one year’s time, a nearly 70 percent spike, a FOXNews.com analysis of labor statistics shows.

    The jobless rate leapt to 9.5 percent from 5.6 percent between June 2008 and June 2009, a 3.9 percent spread that matched April and May yearly differences and tie for the highest yearly percentage spread since May 1974-1975.

    In May 2009, 14.5 million people were unemployed — 6 million more than one year earlier. The jobless rate during that time leapt to 9.4 percent from 5.5 percent, a 71 percent increase in the unemployment rate.

    Obama is screwing up badly.

  39. American_Way
    Posted July 2, 2009 at 2:23 pm | Permalink

    6 million more than one year earlier.

    Obviously, employers have shown a vote of no confidence in the democrats who are spending their way down the toilet.

  40. ANTI
    Posted July 2, 2009 at 2:24 pm | Permalink

    You can look it up Clark.

    I would rather not repost the many links and discussions again.

    I don’t want to turn this into a similar debate as the AGW-ish threads.
    (3,0297,154 duplicate post, for months and months)

    Ya Dig?

  41. biased1
    Posted July 2, 2009 at 2:33 pm | Permalink

    LameJay
    Posted July 2, 2009 at 2:07 pm | Permalink
    “Jobs” generally means one man or company exploiting human talent or labor and under compensating it to make money.
    ————————————
    At last LameJay is right…..

    under compensating = owner makes money = man has job
    over compensating = owner makes no money = man is jobless

  42. American_Way
    Posted July 2, 2009 at 2:35 pm | Permalink

    Democrats wallow in a ‘culture of corruption’

    Meet the new political bosses, worse than the old political bosses.
    Jonah Goldberg

    Some days you have to ask yourself, my God, what if these people were Republicans?

    Democrats took back Congress in 2006 and the presidency in 2008 in no small part because of their ability to bang their spoons on their high chairs about what they called the Republican “culture of corruption.” Their choreographed outrage was coordinated with the precision of a North Korean missile launch pageant. And, to be fair, they had a point. The GOP did have its legitimate embarrassments. California Rep. Randy “Duke” Cunningham and lobbyist Jack Abramoff were fair game, and so was Rep. Mark Foley, the twisted Florida congressman who allegedly wanted male congressional pages cleaned and perfumed and brought to his tent, as it were.

    Of course, it wasn’t as if Democrats were without sin. Louisiana Rep. William Jefferson was indicted on fraud, bribery and corruption charges in 2007, after an investigation unearthed, among other things, $90,000 in his freezer. Then-New York Gov. Eliot Spitzer was busted in a prostitution scandal.

    But that’s all yesterday’s news. Let’s look at the here and now. Barack Obama, who vowed he’d provide a transparent administration staffed with disinterested public servants with the self-restraint of Roman castrati, appointed an admitted tax cheat to run the Treasury Department – and he’s hardly the only one in the administration.

    New York Rep. Charles Rangel, chairman of the House Ways and Means Committee, is under investigation for, among other things, failing to report income from his Caribbean villa. Meanwhile, Sen. Christopher Dodd, chairman of the Senate Banking Committee, got sweetheart deals from subprime lender Countrywide and has yet to adequately explain his too-good-to-be-true deal on his million-dollar “cottage” in Ireland, which he may have gotten in exchange for finagling a pardon (from President Clinton) for a felon. Oh, Dodd also secretly protected those AIG bonuses that raised such a ruckus last month.

    Rep. Jack Murtha of Pennsylvania, Nancy Pelosi’s moral authority on military matters during the Iraq war, has been revealed as a kleptomaniac of sorts, delivering as much of the federal budget as possible to various cronies and lobbyists.

    John Edwards, who had an affair even as he was scoring Oprah-points as the supportive husband during his wife’s battle with breast cancer, is being investigated by the feds for the improper use of campaign funds. It looks like the silky haired champion of the little guys may have used their donations to bribe the alleged “baby mama” into silence.

    And it would be a shame to let it pass that Obama’s Senate seat was put up for sale by the then-Democratic governor of Illinois, Rod Blagojevich, and Illinois Rep. Jesse Jackson Jr. is under investigation for trying to buy it.

    But you know what? We ain’t seen nothing yet. For starters, the real corruption isn’t what the media are ignoring or downplaying as isolated incidents. It’s what the media are hailing as bold, inspirational leadership. The White House, as a matter of policy, is rewriting legal contracts, picking winners (mostly labor unions and mortgage defaulters) and singling out losers (evil “speculators”) while much of the media continue to ponder whether Obama is better than FDR.

    If a Republican administration, staffed with cronies from Goldman Sachs and Citibank, was cutting special deals for its political allies, I suspect we’d be hearing fewer FDR analogies and more nouns ending with the suffix “gate.”

    Take Obama’s “car czar,” Steven Rattner. According to ABC’s Jake Tapper, Rattner is accused of threatening to use the White House to smear a Chrysler creditor if it refused to back the administration’s bankruptcy plan. He’s also connected to a massive pension fund scandal involving the investment firm he used to run. One allegation is that conspirators used investments in the low-budget movie “Chooch” to expedite their alleged chicanery. Chooch, by the way, is Italian slang for “jackass,” which just happens to be the Democrats’ mascot.

    More to the point, political corruption is inevitable whenever you give hacks — of either party — too much discretion over public funds. Businesses look to Washington for profits instead of to the market. The thing is, this has become the governing philosophy of the Democratic Party, from banking and cars to healthcare and now student loans. The federal government is taking over, and the culture of corruption inevitably trickles down. That in itself should be a scandal. Call it “Choochgate.”
    LATimes

  43. george
    Posted July 2, 2009 at 2:38 pm | Permalink

    I think if the capital investment taxes would be lower business would jump and increase their hires and invest in more equipment. Lower our income taxes substantially and watch the country grow.

  44. WSClark
    Posted July 2, 2009 at 2:39 pm | Permalink

    “Maybe it was posted while you were in Florida.”

    Nice try.

    What ever Frank did, he did under a Republican president with veto power, you might remember.

  45. WSClark
    Posted July 2, 2009 at 2:41 pm | Permalink

    “I think if the capital investment taxes would be lower business would jump and increase their hires and invest in more equipment. Lower our income taxes substantially and watch the country grow.”

    How did all that work out under the Bush II admin?

    Oh, yeah, the worst recession since the Great Depression.

    My bad.

  46. Phantom
    Posted July 2, 2009 at 2:43 pm | Permalink

    It’ll take time to clean up the catastrophic failure of the American financial system. Rome wasn’t built in a day, and neither can America be rebuilt in six months.

  47. biased1
    Posted July 2, 2009 at 2:44 pm | Permalink

    WASHINGTON – President Barack Obama says he’s confident the economy will turn around in the short term and the nation will prosper in the long term despite another dose of bad unemployment news.

    Obama spoke Thursday in the Rose Garden shortly after a meeting with chief executives from energy companies.

    ————————————

    The “Rose Garden” oh hahah hahahaha!!!!!!!

    HAHAHAHAHHH!!! HAHAHAHA !!!!

    Thats too funny, I don’t care who you are…..

    WPE (worst pres. ever)

  48. biased1
    Posted July 2, 2009 at 2:52 pm | Permalink

    WaSSClerk- How did all that work out under the Bush II admin? December of 2006 4.5% unemployment is how it was working out. Look what happened when the demorats took the congress…..

    9.5%

    Oh, yeah, the worst recession since the Great Depression. Jimmy had it at 9.7, but WPE is about to leave that in the dust……

    My bad. (yes if you are a dem, it is)

  49. Posted July 2, 2009 at 2:54 pm | Permalink

    WS,

    http://online.wsj.com/article/SB122290574391296381.html

  50. WSClark
    Posted July 2, 2009 at 2:54 pm | Permalink

    “Look what happened when the demorats took the congress…..”

    And specifically, what did the Democrats do to cause this deep recession?

    Be specific – no sweeping generalizations – facts and figures.

  51. Mr_Kia
    Posted July 2, 2009 at 2:55 pm | Permalink

    Cheap labor sends jobs overseas.
    Citizens in developing countries like China and India become richer and buy luxury items like cars.
    More cars and more industry requires more oil.
    Prices for oil increase.
    Gasoline prices sky rocket.
    Consumers have less money to spend.
    Businesses being to cut staff and go under altogether.
    Unemployed persons are unable to pay mortgages.
    Foreclosures rise.
    Bank lending tightens.
    Those able to consume luxury items can not get loans.
    Business suffers more. Deposits are less.
    Banks begin to fail.
    More industry fails.
    More people unemployed.
    The Governments answer is to pave roads, build windmills.

  52. Posted July 2, 2009 at 2:57 pm | Permalink

    Bush, in ‘03 wanted MORE oversight. Frank pushed back.

    http://mcauleysworld.wordpress.com/2008/09/29/video-the-famous-barney-frank-statement-fannie-freddie-are-just-fine/

  53. WSClark
    Posted July 2, 2009 at 3:00 pm | Permalink

    “Bush, in ‘03 wanted MORE oversight. Frank pushed back.”

    Bush was president. Frank was a Representative from MA.

    Are you saying that George couldn’t stand up to Barney?

  54. WSClark
    Posted July 2, 2009 at 3:02 pm | Permalink

    BTW: biased1 – my nic is WSClark, short for William Stephenson Clark.

    Please use it accordingly.

  55. Jed
    Posted July 2, 2009 at 3:02 pm | Permalink

    Amway,
    If you want us to read the LA Times, give us a link. Try posting your own thoughts here- not 16 column inches of some reporter’s. I know, thinking hurts, but try to suck it up and do it anyway!

  56. Regular
    Posted July 2, 2009 at 3:04 pm | Permalink

    #
    WSClark
    Posted July 2, 2009 at 3:00 pm | Permalink

    “Bush, in ‘03 wanted MORE oversight. Frank pushed back.”

    Bush was president. Frank was a Representative from MA.

    Are you saying that George couldn’t stand up to Barney?
    ———————-
    Congress does the oversight, not the executive branch.

  57. Jed
    Posted July 2, 2009 at 3:06 pm | Permalink

    Kia,
    “Cheap labor sends jobs overseas.
    Citizens in developing countries like China and India become richer and buy luxury items like cars.
    More cars and more industry requires more oil.
    Prices for oil increase.
    Gasoline prices sky rocket.
    Consumers have less money to spend.
    Businesses being to cut staff and go under altogether.
    Unemployed persons are unable to pay mortgages.
    Foreclosures rise.
    Bank lending tightens.
    Those able to consume luxury items can not get loans.
    Business suffers more. Deposits are less.
    Banks begin to fail.
    More industry fails.
    More people unemployed.
    The Governments answer is to pave roads, build windmills.

    In other words, what you are saying is that the world needs more poor people for you to live off of.

  58. WSClark
    Posted July 2, 2009 at 3:08 pm | Permalink

    “Congress does the oversight, not the executive branch.”

    Well, Regular, tell us what Frank did wrong. Be specific.

    If you think this recession/depression is solely due to Fannie and Freddie Mac’s issues, you could not be more wrong.

  59. biased1
    Posted July 2, 2009 at 3:12 pm | Permalink

    Billy boy demands- Be specific – no sweeping generalizations – facts and figures.

    1. Congress Passes Increase In the Minimum Wage May 25, 2007 … (unemployment rate 4.3% and falling)

    What is it now?

    Be specific.

  60. WSClark
    Posted July 2, 2009 at 3:17 pm | Permalink

    “Billy boy”

    My friends call me Will – I will be happy to call you IGNORED.

    Have a nice life.

  61. Regular
    Posted July 2, 2009 at 3:24 pm | Permalink

    Here you got Clark

    Watch for yourself – The history of trying to control Freddie Mac and Fannie Mae.

    http://www.youtube.com/watch?v=LPSDnGMzIdo

    Starring your hero Barney Frank who stated there is nothing wrong with Freddie Mac or Fannie MAE.

  62. American_Way
    Posted July 2, 2009 at 3:34 pm | Permalink

    Thanks for the advice Jed, but I rather enjoy spreading the news about Obama.

    Sometimes you libs have to have the truth hit you in the face before you see it. But even then, you have a hard time believing.

  63. WSClark
    Posted July 2, 2009 at 3:36 pm | Permalink

    “Starring your hero Barney Frank who stated there is nothing wrong with Freddie Mac or Fannie MAE.”

    One – Barney Frank is NOT my hero – I do not believe in hero worship and therefore do not have any heroes. There are people that I admire – a select few – and Barney Frank is not one of them.

    Second – a YouTube video “starring Rep. Frank, and the issues of Freddie and Fannie Mac did not cause this recession.

    If you believe that, you are just being naive. The recession began in early 2007 – so Frank could have had hardly any impact on the financial condition of the country.

    But anyway, since the Republicans controlled both Houses until 2007, why didn’t THEY do something about Freddie and Fannie?

    Eh?

  64. WSClark
    Posted July 2, 2009 at 3:39 pm | Permalink

    Besides, Regular, a Brit Hume commentary at Fox News hardly provides PROOF of anything.

    Remember, he KNEW that Iraq had WMD.

  65. BlueJay
    Posted July 2, 2009 at 3:39 pm | Permalink

    “under compensating = owner makes money = man has job”

    Well now hold up a minute. Let’s take out the middle man.

    “under compensating = = man has job”

    Hey we can NOW do away with the under compensation too!

    The work and the worker remain! The “owner” is now free to go and pound sand!

  66. Regular
    Posted July 2, 2009 at 3:41 pm | Permalink

    #
    WSClark
    Posted July 2, 2009 at 3:39 pm | Permalink

    Besides, Regular, a Brit Hume commentary at Fox News hardly provides PROOF of anything.

    Remember, he KNEW that Iraq had WMD.
    ——————–
    Well there Mr. Clark, you didn’t view the video then.

    Congressman Frank spoke twice on the video.

    But please do prattle on, put your fingers in your ears and go ‘lalala.’

  67. biased1
    Posted July 2, 2009 at 3:50 pm | Permalink

    BEEJay- deduces, The work and the worker remain! The “owner” is now free to go and pound sand!
    ——————————–
    Yeah, as long as he leaves he leaves behind his business plan and working capitol…

    nit.

  68. WSClark
    Posted July 2, 2009 at 3:54 pm | Permalink

    “Well there Mr. Clark, you didn’t view the video then.”

    Well, actually I did, Mr. Regular. So tell me, how did Barney Frank cause this Bush recession/depression?

    Are you trying to say that Barney Frank caused this economic downturn beginning in early 2007 (about the same time the depression began) ALL by himself?

  69. CapnAmerica
    Posted July 2, 2009 at 3:55 pm | Permalink

    Unemployment under Reagan’s first year in office–

    10.4 to 8.3.

    Unemployment under H. W. Bush’s last year in office–

    7.3 to 7.8

    Unemployment under W. Bush’s last year in office–

    4.9 to 8.1

    Don’t let facts get in the way of your opinions, CONs.

  70. CapnAmerica
    Posted July 2, 2009 at 3:57 pm | Permalink

    Unemployment went up 4 points under Bush.

    It has gone up about 2 points under Obama.

    Obama is a terrible President!

  71. Regular
    Posted July 2, 2009 at 3:59 pm | Permalink

    #
    WSClark
    Posted July 2, 2009 at 3:54 pm | Permalink

    “Well there Mr. Clark, you didn’t view the video then.”

    Well, actually I did, Mr. Regular. So tell me, how did Barney Frank cause this Bush recession/depression?

    Are you trying to say that Barney Frank caused this economic downturn beginning in early 2007 (about the same time the depression began) ALL by himself?
    ——————
    Democratic party took over the Congress in 2007.
    Frank went from Democratic seniority leader to Finance Chair.

    Of course, according to Frank, nothing was still wrong with Freddie MAc and Fannie Mae, the GSE’s with the massive defaulted bank loans and re-hashing of re-hashed money that was sold and re-hashed several times because …………………
    Congressional oversight was blocked by the Democratic defenders of the GSE’s.

    But you knew that, it’s just easier for you to write one word…

    Bush

  72. WSClark
    Posted July 2, 2009 at 4:04 pm | Permalink

    “Democratic party took over the Congress in 2007.
    Frank went from Democratic seniority leader to Finance Chair.

    Of course, according to Frank, nothing was still wrong with Freddie MAc and Fannie Mae, the GSE’s with the massive defaulted bank loans and re-hashing of re-hashed money that was sold and re-hashed several times because …………………
    Congressional oversight was blocked by the Democratic defenders of the GSE’s.”

    Well, how did the Democrats block oversight if the Republicans controlled both Houses of Congress and the presidency?

    But, you are saying that the Bush recession/depression is all because of the subprime mortgage issue?

    How naive.

  73. BlueJay
    Posted July 2, 2009 at 4:06 pm | Permalink

    “Yeah, as long as he leaves he leaves behind his business plan and working capitol…”

    Tool.

  74. Mr_Kia
    Posted July 2, 2009 at 4:09 pm | Permalink

    CapnAmerica
    Posted July 2, 2009 at 3:55 pm | Permalink
    Unemployment under Reagan’s first year in office–

    10.4 to 8.3.
    —————————————————-
    Fact, Obama’s no Reagan.

  75. Mr_Kia
    Posted July 2, 2009 at 4:11 pm | Permalink

    Jed
    Posted July 2, 2009 at 3:06 pm | Permalink
    In other words, what you are saying is that the world needs more poor people for you to live off of.
    —————————————————
    Shouldn’t you be shootin at some food hillbilly?

  76. WSClark
    Posted July 2, 2009 at 4:17 pm | Permalink

    “Fact, Obama’s no Reagan”

    Thank God! Now we don’t have to worry about him selling WMD to our enemies.

  77. biased1
    Posted July 2, 2009 at 4:19 pm | Permalink

    Crapon America- Unemployment under W. Bush’s last year in office–

    4.9 to 8.1

    Don’t let facts get in the way of your opinions, CONs.
    ———————————————-
    Fact- jan 07 4.9 to 4.3 in march and still trending downward.
    Demorats in congress start their crap..4.3 to 8.1
    WPE takes office 8.1 to 9.5 and still trending up….

    ouch.

  78. Regular
    Posted July 2, 2009 at 4:22 pm | Permalink

    Okay Clark, here’s what caused the recession.

    By the way, unemployment is a symptom not a cause.

    - REPEAL OF THE 1933 GLASS-STEAGALL ACT
    – ALAN GREENSPAN KEPT THE FED’S RATE OF INTEREST ARTIFICIALLY LOW
    - LACK OF SUPERVISION BY CONGRESS of banker’s lending and investing practices.
    - COMMERCIAL BANKS that are authorized to issue ‘money’ to other banks failed and sucking the lender into a black-hole of insufficient funds and bankruptcy.
    - SUB-PRIME Lending
    - PRACTICE OF SMUGOCRACY by the current Democratic Administration.

    That’s all for now, news at 10.

  79. satatom
    Posted July 2, 2009 at 4:34 pm | Permalink

    About 40,000 Americans dead or wounded because of Republicans like Reguliar.

    Not worth the time to pee on really.

  80. Mr_Kia
    Posted July 2, 2009 at 4:40 pm | Permalink

    1.3 million due to liberals like satantom.

    What a fine example of Liberal compassion you are.

  81. WSClark
    Posted July 2, 2009 at 4:44 pm | Permalink

    “REPEAL OF THE 1933 GLASS-STEAGALL ACT”

    Who did that and who could have vetoed the bill?

    “ALAN GREENSPAN KEPT THE FED’S RATE OF INTEREST ARTIFICIALLY LOW”

    And who could have fired Greenspan and didn’t?

    “LACK OF SUPERVISION BY CONGRESS of banker’s lending and investing practices.”

    Who could have done something and didn’t from 1995 to 2007?

    “COMMERCIAL BANKS that are authorized to issue ‘money’ to other banks failed and sucking the lender into a black-hole of insufficient funds and bankruptcy.”

    Who could have done something and didn’t from 1995 to 2007?

    “SUB-PRIME Lending”

    Who was in charge from 1995 until 2007?

    “PRACTICE OF SMUGOCRACY by the current Democratic Administration.”

    The recession/depression began in 2007 – how is the “current Democratic Administration” at fault?

    Eh?

  82. Phantom
    Posted July 2, 2009 at 4:47 pm | Permalink

    It was under St. Ronnie’s admin. that the U.S. made the transference from a Creditor Nation to a Debtor Nation.

  83. Posted July 2, 2009 at 4:51 pm | Permalink

    “O’Neill, fired in a shakeup of Bush’s economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from “the corporate crowd,” a key constituency.

    O’Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. “You know, Paul, Reagan proved deficits don’t matter,” he said, according to excerpts. Cheney continued: “We won the midterms (congressional elections). This is our due.” A month later, Cheney told the Treasury secretary he was fired.”

    http://www.ontheissues.org/2004/Dick_Cheney_Budget_+_Economy.htm

  84. WSClark
    Posted July 2, 2009 at 4:53 pm | Permalink

    The facts are:

    The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (Republican -Iowa) in 1999. The bills were passed by Republican majorities on party lines by a 54-44 vote in the Senate[12] and by a 343-86 vote in the House of Representatives.

    The final bill resolving the differences was passed in the Senate 90-8 (one not voting) and in the House: 362-57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999. [14]

    VETO-PROOF margins in both Houses.

    Idiots, all.

  85. Posted July 2, 2009 at 5:47 pm | Permalink

    Smugocrat!! whahahhahahahahah

  86. Regular
    Posted July 2, 2009 at 5:58 pm | Permalink

    Why did you cut off the blame game at 2007 Clark?

    Greenspan worked for four Presidents since 1986, take your pick. (including Clinton)

    Since you are in love with the year 2007 – That’s the year the Congress came under Democratic Party control, you know the part of government that controls the purse strings of the government.

    You don’t remember all the blind spending voted on by the Democrats? I do and so do many others.

    The repeal of the GLASS-STEAGALL ACTlegislation was signed into law by President Bill Clinton on November 12, 1999.

  87. Posted July 2, 2009 at 6:00 pm | Permalink

    Bush wanted more regulation in 2003… But Barney Frank pushed back?? And Bush, with the whole support of a Republican Congress, AND the Presidential Veto, could do nothing to stop Barney???

    That’s just SO insane… but, typical of the CON Right Wing….

    Carry on!!

  88. Regular
    Posted July 2, 2009 at 6:04 pm | Permalink

    #
    Chas
    Posted July 2, 2009 at 6:00 pm | Permalink

    Bush wanted more regulation in 2003… But Barney Frank pushed back?? And Bush, with the whole support of a Republican Congress, AND the Presidential Veto, could do nothing to stop Barney???

    That’s just SO insane… but, typical of the CON Right Wing….

    Carry on!!
    —————–
    That’s right, Barney Frank was the senior Democrat on the finance committee. in 2001-2007. He used his position and spoke several times that nothing was wrong with Freddie Mac and Fannie Mae and they needed no oversight. People on both sides of the aisle believed him.

    Welcome to reality 101.

  89. WSClark
    Posted July 2, 2009 at 6:28 pm | Permalink

    So, Regular, what you are stating is that EVERYTHING is the fault of the Democrats (the party of the majority of Americans) and the Republicans are blameless.

    So, the answer is that the minority Republicans should just go all “Scott Roeder” and correct this problem?

    Eh?

    But, tell us how much the “blind spending Democrats” spend over and above the George W Bush proposed Federal budget.

    From what you are posting, I would gather that you feel all would be perfect if the Democrats would just “disappear” and allow the Republicans to do as they please.

    Okay.

  90. Regular
    Posted July 2, 2009 at 6:34 pm | Permalink

    Clark, you assume too much – just pointing out that both parties are at fault.

    Trying to weasel out on Frank is ludicrous, especially regarding his statements that there is nothing wrong with Freddie Mac and Fannie Mae. How can you defend the indefensible?

  91. WSClark
    Posted July 2, 2009 at 6:47 pm | Permalink

    “How can you defend the indefensible?”

    So, what you are stating, Regular, is that from 1995 to 2007, the Republicans took their marching orders from the Democrats?

    Right?

    They had control of both Houses and the presidency, but they marched to the beat laid down by the Democrats?

    Okay.

    My bad.

    I thought that being in control meant “being in control.”

    It’s all the Democrats fault – you know, because they were the minority party and exercised their POWER over the Republicans.

    G@d d@mned Democrats!

  92. Regular
    Posted July 2, 2009 at 6:50 pm | Permalink

    No, I’m saying your dipping the same chip in the dip over and over. Get your own dip punk…

    :)

  93. WSClark
    Posted July 2, 2009 at 6:51 pm | Permalink

    Just “Roeder” all them Democrats and EVIL liberals and all will be perfect in the world, right, Regular?

    Are you and your fellow Republicans and conservatives EVER going to admit to ANY responsibility for our current financial problems?

    From your posts, Regular, I would think not.

  94. WSClark
    Posted July 2, 2009 at 6:56 pm | Permalink

    “No, I’m saying your dipping the same chip in the dip over and over. Get your own dip punk…”

    Punk.

    Hmmmmmmmmm…………………… Did I call you a name, Regular?

    Did I refer to you with your chosen nic?

    Where did I call you a punk or another derogatory name?

    So, because I disagree with you, Regular, I am a punk?

    How is it that I am a punk?

    It’s no wonder that there is such a partisan divide in the country.

    Of course, that divide is propagated by the conservatives.

  95. Regular
    Posted July 2, 2009 at 7:21 pm | Permalink

    oh brother…

  96. WSClark
    Posted July 2, 2009 at 7:36 pm | Permalink

    “oh brother…”

    I gave some thought to inviting you to my family barbecue on the Fourth Regular, to honor your service to OUR country, to give you and me a chance to deal with our animosity one on one and for you to see that I have a real family with real humans and real children and grandchildren.

    I actually asked my daughter if would be okay with her to invite you (specifically) over, since our party is going to be at her house.

    Now, I glad that I didn’t extend the invitation.

    Apparently, Regular, you only consider conservatives to be Americans – liberals don’t count.

    Sorry, my bad.

  97. Regular
    Posted July 2, 2009 at 7:38 pm | Permalink

    Oh snap!

  98. Jed
    Posted July 2, 2009 at 7:51 pm | Permalink

    WS
    He couldn’t eat your barbeque anyway- you’re too liberal with the sauce!

  99. Jed
    Posted July 2, 2009 at 7:53 pm | Permalink

    Kia,
    “Shouldn’t you be shootin at some food hillbilly?”

    I’ve had dinner, just thought I’d trap me some con for dessert. Seems I got one too!

  100. WSClark
    Posted July 2, 2009 at 7:54 pm | Permalink

    Well, sadly, it was a wise decision on my part not to extend an invitation to Regular, since he apparently has no respect for those that disagree with him, socially or politically.

  101. satatom
    Posted July 2, 2009 at 8:05 pm | Permalink

    What a surprise!

  102. WSClark
    Posted July 2, 2009 at 8:36 pm | Permalink

    Like our president, I tried to extend a hand of friendship and respect.

    Like our president, I was met with scorn and partisanship.

    I do believe it is time to add Regular to my list of “IGNORED” along with Nataniel and biased1.

    It was a legitimate opportunity for reconciliation – apparently the conservatives have no interest in reconciliation – only in spreading more hatred of their fellow citizens and our president.

  103. Regular
    Posted July 2, 2009 at 8:48 pm | Permalink

    bull shirt is getting deep here…

  104. WSClark
    Posted July 2, 2009 at 10:15 pm | Permalink

    “bull shirt is getting deep here…”

    IGNORE……………………………………..

  105. Barnie
    Posted July 2, 2009 at 11:03 pm | Permalink

    There is undoubtedly some bad decisions many people, including banking and crediting industries, Citizens, and our government has made, that put us down a fast track for a recession.

    You know what I think has turned this recession into a depression? Wait for it.

    The Media, and everybody’s pessemistic attitudes. I’ve been saying this since Thanksgiving. The fastest way out of a recession. Is for people to pep the F up. Quit blaming Obama, and the government for all your problems. Especially some of you Republicans who have been sounding like nothing, but the biggest hypocrites.

    I remember, nothing but throughout, Bush’s Two terms, except Republicans saying, that Democrats need to quit acting like the government is in control of your well being, and take responsibility for your own life. If your life sucks, it’s because you’ve put yourself in that situation. True, people lose jobs, get laid off, unexpected things happen in life, that makes things a little more difficult. But ultimately, your in control of your life and your destiny. I remember Republicans and conservatives, saying that all during Bush’s term.

    But now, all the hypocrites have come out of the Trojan Elephant. Any countries economy is supported by people trading, selling, or purchasing goods and services. The economy is just going to get worse, if people act like the collapse of our economy is looming ahead, and quit spending money, and start saving it all. People are going to save their way into being laid off. Then how are you going to save anymore money if your laid off.

    I’ve heard a saying several times throughout my life. Said in several forms. Your going to worry yourself Sick.

    What consumes your thoughts, controls your future.

    That is exactly what we’re doing. We are worrying ourselves sick.

    People just need to relax, and have faith in yourselves first. Then have faith in our country and government. This blame game has been going on with every president. Our economy would be much more stable, if everybody in the U.S. was much more stable, less divided, and less neurotic about stuff.

    Do people secretly wish, for our country to hit a crescendo of pessimism, and hate, until our economy collapses from our own accord. The Republicans aren’t to blame, the Democrats aren’t to blame. It’s the people pointing fingers, and making excuses who are to blame. It’s the media who keeps pumping out all this sensationalist fear for ratings, who’s spreading negativity and false truths who are to blame. Those false truths will become the reality, if that’s what people start to believe. Because what manifests our thoughts in our country as a whole, will materialize into reality.

    Nobody gets the car of their dreams, by being pessimistic, nobody marries the woman or man they want to marry because they are being pessimistic. Nobody succeeds in life at anything, by being pessimistic. This is the simple reality of it all. It’s not that complicated, but everybody is making it that complicated. Nobody can see the forest, because of the trees. The media will spew out what people want to hear, if they didn’t, they wouldn’t make any money.

    So I find it pretty sad, that the media, is so profit motivated that they placate to peoples emotions, and don’t present unbiased, investigational, and factual news. I find it even more sad, that people want to hear on the news that our economy is failing. If you didn’t want to believe the economy was failing, you’d shut off the news, or switch the channel. Guess what, the media would have to start reporting on other things besides our flagging economy.

    It really is this simple. Nobody’s life is in the hands of our government. But Governmental powers will just expand, and grow larger, if people believe that the economy, the president, and the government, is controlling the direction of their lives. Your thoughts and fears, will manifest into reality. Just as your hopes and dreams will manifest into reality.

    If you fear that the government is going to turn into a big tangled socialist mess, then God help us, because, that will be the cause of it, is people’s fears.

    If people, hope, dream, and put faith, that our government, and economy will bounce back, into a well oiled balanced machine, and lead the world again by example, as to what a just and free society, with educated and responsible citizens should be, then that will eventually manifest itself into reality.

    Whether people realize it or not, we strive to achieve what consumes our thoughts. Whether they be negative or positive. A mass shooter, dosen’t just snap, his mind is consumed with thoughts of revenge, spite, violence, and hate, he fantasizes about his massacre. Eventually his dreams of revenge and fame are realized, and manifested into reality.

    Just as our forefathers, dreamed up this country, it manifested itself into reality.

    I’m giving a new meaning to Manifest Destiny. I’m reversing it.

    Destiny Manifestation – Whether you believe your destiny is laid out for you, or whether you believe that you control your own destiny, it will Manifest itself. What millions of people collectively as a whole, will manifest itself. What millions of democrats collectively believe as a whole will manifest itself, what millions of republicans believe as a whole will manifest itself, and the two will clash together like they always have done, and things will mediate towards the middle to unwanted but needed compromise.

    Sayonara

  106. Nathaniel
    Posted July 3, 2009 at 12:00 am | Permalink

    WS Clark,

    “It was a legitimate opportunity for reconciliation – apparently the conservatives have no interest in reconciliation – only in spreading more hatred of their fellow citizens and our president.”
    ==================================================

    Here you go again.

    Did you already forget that you were the one who said there is no one you hated more than me?

    Did you forget already that each and every time you have said something about civility here you are the one to not be civil?

    Did you forget that this conservative (me) has extended the offer of cilivity here to everyone and so far CapnAmerica, BlueJay, MonkeyHawk, and JM Walker have all said or shown they have no interest in any civility.

    It is not the just the conservatives or all of them for that matter. There are just as many liberals here who have no interest in any civiliy, you being one of them.

  107. Posted July 3, 2009 at 8:55 am | Permalink

    WS Clark,

    “It was a legitimate opportunity for reconciliation – apparently the conservatives have no interest in reconciliation – only in spreading more hatred of their fellow citizens and our president.”
    ==================================================

    Here you go again.

    Did you already forget that you were the one who said there is no one you hated more than me?

    Did you forget already that each and every time you have said something about civility here you are the one to not be civil?

    Did you forget that this conservative (me) has extended the offer of cilivity here to everyone and so far CapnAmerica, BlueJay, MonkeyHawk, and JM Walker have all said or shown they have no interest in any civility.

    It is not the just the conservatives or all of them for that matter. There are just as many liberals here who have no interest in any civiliy, you being one of them.
    Sorry, forgot to add great post! Can’t wait to see your next post!

  108. American_Way
    Posted July 4, 2009 at 4:33 am | Permalink

    “Unemployment will hit 8% before getting better”
    - Obama
    “Unemploymnet will hit 9% before getting better”
    - Obama

    Unemployment heading to 10%.

    Obama – Worst President. Ever.