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10% jobless is Obama's new world

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  • JeffLee at 07:33 AM JST - 8th November

    for most of the Bush years...the U.S. economy performed remarkably well.

    Apart from the worst economic crisis since the Great Depression.

    Bernie Madoff's fund also "performed remarkably well" for most of its existence, too.

  • pathat at 10:35 AM JST - 8th November

    November 2010-Democrats suffer a devastating defeat in the mid-term elections.

    November 2012-President Obama loses his re-election bid.

  • yokohamarider at 10:35 AM JST - 8th November

    JeffLee - you need to shake your head and clean out the cobwebs. Obama took what was a mild recession caused first by the housing market crash (which goes way back to the Democrat-created Community Reinvestment Act) and turned it into a recession ON PURPOSE. This joke of a president has it as his goal to inflict economic pain on as many Americans as possible so he can then come in and rescue them with goodies and handouts. His goal is creating DEPENDENCE on government because that is the democrats' modus operandi.

    On a separate note - did anyone notice the forked tongue of this "president"? One on hand, when the black professor Gates gets in trouble with a white Cambridge cop, Obama says "I don't have all the facts but I can tell you that the police acted stupidly", clearly showing he is always going to side with the black man. Then shows his true Muslim colors after the Fort Hood shooting when, during a press conference he says "Now, let's not jump to any conclusions"! Jump to any conclusions?!?!? Such as the guy has a Muslim sounding name, he shouted "Allah Akbar" before he opened fire and he had been trying to convert soldiers to Islam?!?! We are not supposed to conclude that Islam played some kind of role in this attack?!?!?! What on earth has this country come to?

  • koneko22 at 11:45 AM JST - 8th November

    Does anyone remember Mr. Clinton or Mr. Carter...and what the economy was during their administration....

  • techall at 12:30 PM JST - 8th November

    @koneko22: Good under Clinton, Crap under Carter.

  • hsr0601 at 08:41 PM JST - 8th November

    My View : Fundamental Changes Can Ride Out Of This Great Recession Not That Easy

    1. Unsustainable oil price & health care premium, disastrous swine flu pandemic, heartbreaking war waste, tight credit for small businesses and slow implementation of stimulus package ( roughly $155bn out of $787bn ) are straining labor market.

    2. Health care reform & sustainable energy act in conjunction with stimulus package are all about economic recovery and work creation.

  • JHansen at 06:31 AM JST - 9th November

    The US economy and to a large degree, the global economy is in such bad shape because it was constructed on the faulty logic of Reaganomics. Trickle-down, small-government, deregulation and lack of sound oversight just does not create long term, stable market economies.

  • JHansen at 06:33 AM JST - 9th November

    yokohamarider you have been sipping the FAUX News tea a bit too much.

  • Sarge at 07:07 AM JST - 9th November

    "the faulty logic of Reaganomics"

    Fact: The U.S. economy was in far better shape during the Reagan administration ( and the Bush administration ) than it is now under the Obama administration.

  • JeffLee at 08:33 AM JST - 9th November

    Sarge, I don't know what your metrics are, but during the Reagon years, I recall double-dip recession, record unemployment, "Black Monday," massive deficits, and moreover, the emergance of "the rust belt." U.S. manufacturing started its slow death from the Reagon years, and U.S compettivess hit new lows.

    It wasn't until the mid-90s that things started to recover somewhat, with the IT revolution and the emergance of players like Apple, etc. Apart from the top 3 percentage of the rich, the Reagon years were America's dark ages.

  • Hephatsheput at 09:15 AM JST - 9th November

    10% unemployment: The Clinton/Obama legacy.

  • Sarge at 03:13 PM JST - 9th November

    JeffLee, here's my metrics: Prior to the Reagan era, the U.S. suffered through stagnation and inflation, or stagflation. After the '82 recession, GDP growth rebounded and produced 5 straight quarters of growth averaging 8.4%. During the final Reagan years GDP growth averaged 3.4%. Inflation significantly decreased and there was a net increase of 16 million jobs.

  • eigonosensei at 02:07 AM JST - 13th November

    Hephatsheput - "10% unemployment: The Clinton/Obama legacy."

    Actually it's more an Al Gore legacy. He pushed NAFTA the most. And Obama promised to end NAFTA, but lied, yes, LIED. Obama is a liar. NAFTA started the destruction of the U.S. And then Goldman Sachs (bank), the (non)Federal Reserve with Geithner etc gutted the rest of the U.S.

  • realist at 12:30 AM JST - 15th November

    The Democrats, led by Obama, are making a mess of America. Obama`s friend is the liar Gore - that says it all.

  • Sarge at 12:33 AM JST - 15th November

    No,no, no, this is all Bush and Cheney's fault. It's going to take President Obama and the Democrats at least 8 years to fix it, dontcha see?

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