Public's faith in Obama hits a new low

[bajafox]

So the public finally caught up with what everyone else already knew, big deal. I didn't like McCain either but I think he was the lesser of 2 evils, too bad he picked that dumb bitch Palin as his running mate. It didn't matter, people voted for change, they just didn't give a fuck what that change meant.

 

[UncleBuck]

the US needs a crash?? what do you call the housing bubble burst?? how about Hummer, Saturn, Pontiac (all american companies), going out of business??

how about the faultering of the Retail Sector?? Circuit City, Borders, Linens N Things, BlockBuster.... all staples of american retail.....all of those companies have either ceased operating, or cut capacity by almost 80%

how about the almost deceased record industry?? 8 times platinum is a thing of the past.... how about the truth that live concert performance ticket sales dropped 14% from last year, leaving the hundreds of thousands of event promotion and execution companies cutting heads all around....

the when the dot-com bubble burst, that was considered a very serious and devastating crash.... it doesn't hold a candle to what's happening now....

and you want it to get worse..... amazing...

not to mention that you can't even get a job flipping burgers if you had decent earnings before the crash. no HR dept. in their right minds would hire someone for a min wage job if they were making a good $15 or 20 per hour with benefits before the crash. don't believe me? ask around. i'm sure you know someone like this nowadays.

many places refuse to hire you if you don't already have a job....god bless those HR departments

 

[UncleBuck]

So, when does it become welfare? If a person is unemployed for 10 years should he still be eligible?

it must be slippery on that slope of yours. no one is talking about giving out 10 years of UI

 

[NLXSK1]

it must be slippery on that slope of yours. no one is talking about giving out 10 years of UI

Some people have already gotten 92 weeks of unemployment insurance. That is almost 2 years already.

You are advocating more.

So, where do you draw the line between 2 and 10 years?

 

[bajafox]

I've been unemployed since March 30th 2009, I have applied for tons of jobs up until a few weeks ago when I started growing and quit applying, this is why:

http://money.cnn.com/2010/06/16/news/economy/unemployed_need_not_apply/index.htm

 

[mame]

I hate to break it to ya but the job market is not going to get significantly better within 6 months to 2 years. The government is going in exactly the opposite direction of Regan when he took office in the middle of a similar financial crisis. And we already have solid proof that the actions they are taking are not creating jobs, actually they are causing jobs to be cut and putting more financial pressures on businesses.

Wrong. So far this year there has been 600,000 private sector jobs added to the economy. Confusion among Americans seems to be stemmed from the increase in unemployment after the temporary census workers were laid off (which was expected) but in the private sector which is really the main indicator of job/economy growth there has been consistant - although slow - growth and the unemployment rate has even gone down since it shot slightly back up after the census.

from:http://investorcentric.blogs.nuwireinvestor.com/2010/07/private-sector-job-growth-continues-to.html

private-sector job growth has been positive for each and every month this year through June. The average monthly gain in the first half of 2010: roughly 99,000 jobs.

That is 594,000 jobs in the private sector created this year; In a recent speech by Obama, he said 600,000 jobs isn't enough "but it's the right direction."

And it is.

 

[NLXSK1]

Wrong. So far this year there has been 600,000 private sector jobs added to the economy. Confusion among Americans seems to be stemmed from the increase in unemployment after the temporary census workers were laid off (which was expected) but in the private sector which is really the main indicator of job/economy growth there has been consistant - although slow - growth and the unemployment rate has even gone down since it shot slightly back up after the census.

from:http://investorcentric.blogs.nuwireinvestor.com/2010/07/private-sector-job-growth-continues-to.html


That is 594,000 jobs in the private sector created this year; In a recent speech by Obama, he said 600,000 jobs isn't enough "but it's the right direction."

And it is.

The economy needs to gain 125,000 jobs per month just to sustain the population growth rate. It is not coming close to achieving that. In fact, there are signs that the economy is yet again faltering.

It is if you put your money in the bank for a year at 2% interest but inflation is 4% for the year. Your bank account shows you made money but due to the inflation that same money will buy less than if you spent it the year before.

600,000 jobs isnt enough to even keep our head above water...

 

[UncleBuck]

Some people have already gotten 92 weeks of unemployment insurance. That is almost 2 years already.

You are advocating more.

So, where do you draw the line between 2 and 10 years?

i wouldn't look at arbitrary time lines. i would look at factors like 6 people vying for every 1 job. wait for numbers like that to normalize.

the effort by the right to filibuster UI at a time like this is INSANE. the right is moving so extremely far to the right it makes reagan look like a damn hippy. he would be unable to get their nomination nowadays, which is pretty fucked if you ask me.

 

[Mr.KushMan]

Its interesting the bickering going on here when it was brought up thats all that politicians do, . The fact of the matter is the word parliament is derived from french which literally means "to speak"/parler and "to lie"/mentir, which is a chill disheartening. Nothing will change in society in small bits and pieces, it will be a sweeping pandemic through consciousness. People will begin to choose to see things differently and will, as such, see themselves differently.

Quantum theory really does suggest that all of reality is a complex set of conscious actions, which bring rise to everything we can describe and much of what we can't. It won't be politics that save the world, your country or the human species; it will be "...a small group of thoughtful committed people...".

Me personally, I am going to start a political party in Canada here called the Rationalist party. Where we will borrow ideology from quantum theory, cartesian/plutonic philosophy, and communistic belief. Remove monetarism, as we see fiat money doesn't work, revoke laws that are schemes to generate 'revenue'(traffic tickets, drug/sex laws, tax laws ect.), and create jobs in every form of industry. Creation of goods doesn't end, because you are creating what you need and others need, as others create what you need and they need.

Money, politics(domestic and international), militarism is all a scheme to create power for the proponents of the system in place. "They own all the important land, they own and control the corporations, they have long since bought and paid for the senate, the congress, the state houses, the city halls, they have the judges in their back pockets, and they own all the big media centers, so they control just about all the news and information you get to hear."

http://www.youtube.com/watch?v=hYIC0eZYEtI&feature=related
http://www.youtube.com/watch?v=bO0-u900OG4&feature=related
http://www.youtube.com/watch?v=hWiBt-pqp0E&feature=related
http://www.youtube.com/watch?v=Z2iCo645eZk&feature=related
http://www.youtube.com/watch?v=xRj-3PPtHCA&feature=related

Peace

 

[The Potologist]

When did he hit a high? Oh yeah thats right, in college...apparently alot to...I believe it was his words " that was the point"
Odd, still doesnt believe cannabis has a right to be legal....crazy...if there is ever such a thing as taking to many hits...I think he did

Peace, Love and Happiness

 

[blazin256]

they dont care. when they pass "immigration reform" or whatever, he'll get a big influx of voters that'll get him back in.

 

[doc111]

Unemployment benefits have already been extended to 92 weeks in some places. THAT IS ALMOST 2 YEARS!

At some point it becomes welfare, not unemployment...

I agree with you and it shouldn't be extended forever but to justify extensions up to this point and simply cut if off when the unemployment numbers haven't improved seems to run counter to what the govt. is trying to do. If they want to prop up the economy, they should probably do it until unemployment starts to improve or else we risk a double dip recession. Look at the foreclosure rate. Went down when the govt was helping and now it's shot right back up. Either we need to help until the situation improves or not at all.

 

[NLXSK1]

i wouldn't look at arbitrary time lines. i would look at factors like 6 people vying for every 1 job. wait for numbers like that to normalize.

the effort by the right to filibuster UI at a time like this is INSANE. the right is moving so extremely far to the right it makes reagan look like a damn hippy. he would be unable to get their nomination nowadays, which is pretty fucked if you ask me.

Would you address the fact that the democrats passed PAYGO legislation - meaning they have to actually pay for the bills they right and then chose to ignore it. The dem's passed it. Now, if the Dem's want to spend part of the stimulus funds on unemployment the republicans would go along but the dems want to spend MORE money...

Look at it this way. Say you pay 2% of your paycheck toward unemployment insurance. And that while unemployed you get 50% of your paycheck. If you are unemployed for a year you will get 6 months worth of your regular pay. Based on the 2% you would have to work for 25 YEARS to equal the amount you paid into the system for just 1 years unemployment.

So, anybody who has been on unemployment for over a year is getting far more in benefits than they paid in.

 

[NLXSK1]

they dont care. when they pass "immigration reform" or whatever, he'll get a big influx of voters that'll get him back in.

At the rate Obama's going and based on his polling numbers if something doesnt change the Democratic party might just offer up a different candidate for 2012...

I am sure Hillary is up for the job...

 

[NLXSK1]

I agree with you and it shouldn't be extended forever but to justify extensions up to this point and simply cut if off when the unemployment numbers haven't improved seems to run counter to what the govt. is trying to do. If they want to prop up the economy, they should probably do it until unemployment starts to improve or else we risk a double dip recession. Look at the foreclosure rate. Went down when the govt was helping and now it's shot right back up. Either we need to help until the situation improves or not at all.

But new job creation is what is needed to change the situation. Obama is a giant government guy. He doesnt mind that more and more people are becoming dependent on the government, it just creates more votes for him.

What happens if we do go into a double dip recession in spite of all the spending, in fact due to the overspending? What then? What if the economy is still dragging ass in 2011 and there are 7 people looking for every 1 job. Should we just increase the unemployment amount?

Government is Broke. Do you have kids? Do you have nephews or nieces? You see, they are going to pay for all this unemployment. It is not a benefit for them it is a burden. I say let people suffer now so our kids dont have to suffer later. The politicians want to take the easy route. FFS they are never gonna be broke or have to worry about making a tax payment.

 

[mame]

But new job creation is what is needed to change the situation. Obama is a giant government guy. He doesnt mind that more and more people are becoming dependent on the government, it just creates more votes for him.

What happens if we do go into a double dip recession in spite of all the spending, in fact due to the overspending? What then? What if the economy is still dragging ass in 2011 and there are 7 people looking for every 1 job. Should we just increase the unemployment amount?

Government is Broke. Do you have kids? Do you have nephews or nieces? You see, they are going to pay for all this unemployment. It is not a benefit for them it is a burden. I say let people suffer now so our kids dont have to suffer later. The politicians want to take the easy route. FFS they are never gonna be broke or have to worry about making a tax payment.

The chances of going into a double dip recession are slim to none by most experts accounts (I say most because the only people still saying the U.S. might "double dip" are on Fox News ).

In fact, the only time in American history when America went into a "double dip" recession (which is arguable in the first place, it is under the books as two seperate recessions)was 1980-1981 when gas prices and premature government spending cuts caused the recession to go back into full force.

 

[UncleBuck]

The chances of going into a double dip recession are slim to none by most experts accounts (I say most because the only people still saying the U.S. might "double dip" are on Fox News ).

In fact, the only time in American history when America went into a "double dip" recession (which is arguable in the first place, it is under the books as two seperate recessions)was 1980-1981 when gas prices and premature government spending cuts caused the recession to go back into full force.

kinda funny you mention that, here is what he stated in my 'sb 1071' thread...

I get all of my television news from Fox.

should we now discuss how long it took reagan to get the country out of recession versus how long it is taking obama to do the same?

 

[NLXSK1]

should we now discuss how long it took reagan to get the country out of recession versus how long it is taking obama to do the same?

Well, we can if and when Obama brings us out of a recession. However, the jobs numbers are still ugly after the government spent almost a trillion dollars in stimulus funds.

The stock market looks good because businesses have trimmed the fat (hence the high unemployment) and are building up huge cash reserves (the most in history) due to the uncertainty of the government and what new legislation they are cooking up.

Consumer confidence is lagging, spending is down, savings is up. I dont really see any economic indicators saying the economy is off to a roaring start.

 

[UncleBuck]

Well, we can if and when Obama brings us out of a recession. However, the jobs numbers are still ugly after the government spent almost a trillion dollars in stimulus funds.

The stock market looks good because businesses have trimmed the fat (hence the high unemployment) and are building up huge cash reserves (the most in history) due to the uncertainty of the government and what new legislation they are cooking up.

Consumer confidence is lagging, spending is down, savings is up. I dont really see any economic indicators saying the economy is off to a roaring start.

very true. i am not informed enough to have a confident opinion on the economy, but stories like this one tend to give me some indication:

http://www.huffingtonpost.com/2010/07/13/frustrated-unemployed-wom_n_644834.html

"interviews are like seeking unicorns"....touche.

 

[doc111]

But new job creation is what is needed to change the situation. Obama is a giant government guy. He doesnt mind that more and more people are becoming dependent on the government, it just creates more votes for him.

What happens if we do go into a double dip recession in spite of all the spending, in fact due to the overspending? What then? What if the economy is still dragging ass in 2011 and there are 7 people looking for every 1 job. Should we just increase the unemployment amount?

Government is Broke. Do you have kids? Do you have nephews or nieces? You see, they are going to pay for all this unemployment. It is not a benefit for them it is a burden. I say let people suffer now so our kids dont have to suffer later. The politicians want to take the easy route. FFS they are never gonna be broke or have to worry about making a tax payment.

I totally agree that job creation is what is needed but that doesn't appear to be happening. I'm a small govt guy but and I see what you are saying about passing the debt on to future generations but this is one thing that I think they need to extend. At least until they get unemployment numbers moving in the right direction. What's the point in extending it this long just to dump these people while unemployment is still at almost 10%? It may ending up costing us even more in the short term if we yank the only lifeline that millions of Americans are counting on for survival.