Economic Recovery Moving Slow

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ChesusRice

Well-Known Member
ginwilly said:
Big difference between jobs created during a presidency and jobs created by a presidency.

I guess Bush 1 deserves all the credit for the tech jobs created during Clinton's presidency.
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[h=1]Off the Charts: Shrinking Government[/h]The government sector of the economy shrank during the first three years of the Obama administration, but the private sector grew more rapidly than it did during the first three years of either of George W. Bush’s terms in office. The charts show the growth in gross domestic product from the first quarter of the year in which each president was inaugurated through the first quarter of the subsequent election year. All figures are adjusted for inflation.

http://www.nytimes.com/interactive/2012/05/04/business/economy/off-the-charts-shrinking-government.html
 
ginwilly

ginwilly

Well-Known Member
lol Cheesy, you always seem to be having an argument that nobody else is having in these threads.
 
ginwilly

ginwilly

Well-Known Member
Still, saying Obama is better than Bush is like bragging about a bronze in the special Olympics. Nobody is having that argument here. If I start with 50 and go to 100 I've made a 100% improvement, If I then go to 170 I've only made a 70% improvement. Numbers are fun.
 
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beenthere

New Member
canndo said:
I can't figure it out. The right claims that government should stay out of business but they expect a president to create jobs - not government jobs mind you. I notice that Clinton "created" the most jobs - how nice for him, how exactly did he do that?

And are we counting job losses or gains from the day the president took office? or maybe a year later - which would put Bush at a disadvntage. Oh and another thing, if you really want to use those numbers - note that Dems created more jobs overall than Republicans.
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Look at who was in charge of congress at those times and get back to me.
And you fail to realize that conservatives expect presidents to enable the free market to create the jobs and stay of of the way, not to create them himself!
 
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ChesusRice

Well-Known Member
beenthere said:
Look at who was in charge of congress at those times and get back to me.
And you fail to realize that conservatives expect presidents to enable the free market to create the jobs and stay of of the way, not to create them himself!
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[h=1]Gore Casts Tie-Breaking Vote as Senate OKs Clinton Budget : Deficit: 51-50 tally ends bitter battle and gives President a major triumph. Victory was assured when Sen. Kerrey said he was reluctantly backing the plan.[/h]
August 07, 1993|KAREN TUMULTY and WILLIAM J. EATON | TIMES STAFF WRITERS
 
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beenthere

New Member
ChesusRice said:
Gore Casts Tie-Breaking Vote as Senate OKs Clinton Budget : Deficit: 51-50 tally ends bitter battle and gives President a major triumph. Victory was assured when Sen. Kerrey said he was reluctantly backing the plan.
August 07, 1993|KAREN TUMULTY and WILLIAM J. EATON | TIMES STAFF WRITERS
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Republicans took control of Congress a year later in 1994, look at the graph below for the results.

 
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ChesusRice

Well-Known Member
[The current era of prosperity] started for me-in the last eight years-when I had the honor of casting the tie-breaking vote to end the old economic plan and put into place a new economic plan that has helped us to make some progress--22 million new jobs and the greatest prosperity ever. But it’s not good enough. And my attitude is, you ain’t seen nothing yet. We need to do more and better. Too many people have been left behind. And the key is job training and investments in [social programs].
 
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Couchland

Well-Known Member
ginwilly said:
Still, saying Obama is better than Bush is like bragging about a bronze in the special Olympics. Nobody is having that argument here. If I start with 50 and go to 100 I've made a 100% improvement, If I then go to 170 I've only made a 70% improvement. Numbers are fun.
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Bush left a horrific mess in every department. Colossal failure as a leader, really.... COLOSSAL!!! People forget so quickly, the dumber, the quicker.
 
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InCognition

Active Member
The economy is fucked.

Recovery, smocovery.

Your employment report doesn't mean shit, really... not because I'm trying to be mean.


The government said the only way this country will recover is through growth. NEWS FLASH: The government fucked up any chance of their delusional "growth fix" with their past few decades of fiscal recklessness.

When the inevitable austerity hits, and government programs are forced to stop giving away "free" shit, you will see nothing but a perpetual, massive, wide-spread, economic decline. People will for once, in a long time, be forced to take care of their own financial priorities, instead of being fiscally irresponsible, then relying on the government to subsidize their unsustainable, and irresponsible lives. This means less loans, less business, smaller business, smaller families, less workers, less expenditure on luxury items, less everything. There goes the "employment-growth solution"... washed right down the drain of pure-fucking-reality.

For the same reason that everyone and their mother, thinks they can buy a house in the suburbs, get married, have kids, send all of them to college, buy over-priced automobiles, and purchase a bunch of shit they really didn't need, is the exact reason why austerity will occur, and the exact reason why job-growth will reverse exponentially, until it bottoms out.

The delusion that this government perpetuates, in regards to America always needing to be on an ever-increasing-economy, and if it's not than there's a serious problem, is absolutely insane. Real markets never increase indefinitely... they rise, then they take huge fucking dumps. The process then starts again. Funny thing is we took a dump in 2008, but the problems that equated to that dump are just as large, or larger within other financial avenues, making the inevitability of another dump on the same scale or larger, irrefutable.

My report says "get ready for dump #2". I need someone to get me a publishing deal on that ASAP.
 
C

ChesusRice

Well-Known Member
InCognition said:
The delusion that this government perpetuates, in regards to America always needing to be on an ever-increasing-economy, and if it's not than there's a serious problem, is absolutely insane. .
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What is the definition of recession?
Do you think recessions are good?
 
kelly4

kelly4

Well-Known Member
ChesusRice said:
[The current era of prosperity] started for me-in the last eight years-when I had the honor of casting the tie-breaking vote to end the old economic plan and put into place a new economic plan that has helped us to make some progress--22 million new jobs and the greatest prosperity ever. But it’s not good enough. And my attitude is, you ain’t seen nothing yet. We need to do more and better. Too many people have been left behind. And the key is job training and investments in [social programs].
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You cast the tiebreaking vote?
 
kelly4

kelly4

Well-Known Member
ChesusRice said:
Al Gore did
Because not a single republican voted for Clintons surplus generating budget
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I just found it ironic that someone who is trying to give lessons about quoting didn't do a very good job himself...

Hey, I thought I was on ignore.....??
 
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InCognition

Active Member
ChesusRice said:
What is the definition of recession?
Do you think recessions are good?
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What is the definition of quantitative easing, bailouts, and monetary stimulus packages?

Do you think government intervention in a market, that has natural ups and downs, is a good idea, when they try to push the markets up anytime it takes a dip?

They push the markets up with intent, but they fail to realize that the forced-intent behind those push-ups, brings leveraged & obligated dips as a result. It's a paradox really, when their end-goal is to artificially eliminate economic dips or crashes. In other words it's a complete fallacy.

The government will learn the hard way that forcing a market back up, just creates a future dip 3x as large, had they let the initial dip occur naturally in the first place.


Recessions are not good, but the are a naturally occurring reality that people need to realize. The government intervening in these naturally occurring dips, is really what's not good.

Though I do not acknowledge the current recession is a result of natural markets. The current recession is a result of government/bank misconduct. As a result they have artificially intervened in an unnatural market decline, which will bring about a much worse dip, natural or artificial, the next time a dip rolls around.
 
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