Jobless rate climbs to 10.2 percent

[kmtpr]

Originally Posted by aceoky

NJ and VA recent Rep Governor's victories were a "wake up call" Congress (and Obama) had best heed.......

Obama campaigned in NJ several times in recent weeks, and we did send a huge message to him.

[EKUgrad]

Not to jump into the middle of this left/right pissing match... but BHO is not solely to blame for the mess that we are in. Neither is GW. We have been on this this current bubble economy path for decades; since the 1960's and '70's at least -- when real incomes failed to keep pace with consumer spending. The process really spiraled out of control during the 90's; it was the vast run-up at that time that landed us where we are today.

You want to lay blame? You really need to go back to the turn of the 20th century and kick the snot out of any president in the first half of the century. They raped, plundered, and pillaged the Republic. If we are to just look at the Federal balance sheet (the entire balance sheet -- including the multiple sets of books that they keep and their unfunded liabilities) and income statements, we would find that two presidents stand out as fiscal dumb**** -- LBJ and FDR. GW did not help matters with the prescription drug plan... and, while the war has been crazy expensive, it is a finite expenditure that is within our control in large part. Entitlement and social programs are not -- they become financial anchors, both underfunded and vastly outstripping expenditure projections by multiples.

BHO's fiscal indiscretions will not go unfelt.

[aceoky]

Originally Posted by EKUgrad

Not to jump into the middle of this left/right pissing match... but BHO is not solely to blame for the mess that we are in. Neither is GW. We have been on this this current bubble economy path for decades; since the 1960's and '70's at least -- when real incomes failed to keep pace with consumer spending. The process really spiraled out of control during the 90's; it was the vast run-up at that time that landed us where we are today.

You want to lay blame? You really need to go back to the turn of the 20th century and kick the snot out of any president in the first half of the century. They raped, plundered, and pillaged the Republic. If we are to just look at the Federal balance sheet (the entire balance sheet -- including the multiple sets of books that they keep and their unfunded liabilities) and income statements, we would find that two presidents stand out as fiscal dumb**** -- LBJ and FDR. GW did not help matters with the prescription drug plan... and, while the war has been crazy expensive, it is a finite expenditure that is within our control in large part. Entitlement and social programs are not -- they become financial anchors, both underfunded and vastly outstripping expenditure projections by multiples.

BHO's fiscal indiscretions will not go unfelt.

I agree with most of what you say, I have to state though I don't see this as a "left/right" issue AT ALL......

I see this as an American issue/nightmare, and while folks say "it's not good ole Barry's fault" Obama has DONE Nothing to this point to even show he's concerned IMHO...

[Regulator623]

Originally Posted by kmtpr

Obama campaigned in NJ several times in recent weeks, and we did send a huge message to him.

Thumbs up to New Jersey....never thought it would happen up there. A large percentage of the stimulus money is going toward social spending which only delays the pain for another day. The majority of the money should have went to building and infrastructure projects, such as roads, bridges, new schools, water lines, etc. which all trades from designers down to the union laborers could benefit from. When this is all over, we will not have much to show for the spending spree Obama and the Democrats have been on except for a maxed out credit card that we will have to make the payments on.

[EKUgrad]

Originally Posted by Regulator623

Thumbs up to New Jersey....never thought it would happen up there. A large percentage of the stimulus money is going toward social spending which only delays the pain for another day. The majority of the money should have went to building and infrastructure projects, such as roads, bridges, new schools, water lines, etc. which all trades from designers down to the union laborers could benefit from. When this is all over, we will not have much to show for the spending spree Obama and the Democrats have been on except for a maxed out credit card that we will have to make the payments on.

Sad, but true. Very true.

[EKUgrad]

Originally Posted by aceoky

I agree with most of what you say, I have to state though I don't see this as a "left/right" issue AT ALL......

I see this as an American issue/nightmare, and while folks say "it's not good ole Barry's fault" Obama has DONE Nothing to this point to even show he's concerned IMHO...

I agree. Barry has compounded the problem (even if he did not personally cause its beginning).

[mrdux]

This crap started when the Community Reinvestment Act started blackmailing banks into loaning to those who had no means or desire to pay the home loans back. It got rolling good under Clinton, faster under Bush and went to light-speed under Maobama. So yes, this is not all Maobama's fault but he is the beneficiary of it and it fell right into his plans to turn this country into a communist 3rd world crap-hole. Ruin our economy, drive out all jobs, destroy all person wealth, then make everyone dependent on Uncle Sucker for everything and the commies have the total power they have worked for over the last 100 years, since Woodrow Wilson. The only problem for Maobama is the fact that many of us are smart enough to see what his HOPE AND CHANGE is all about, still have our guns and a little freedom, and have no intention of letting him and his communist followers destroy us personally without a fight to the death!

BRING IT ON!!

[Art]

I do not blame everything on Obama. There's plenty of blame to go around for the mess our country is in right now. Where I draw the line is when people say "Bush caused all this" or "It took Bush 8 years to screw things up and you expect Obama to fix it in one?"

I don't expect Obama to fix things overnight, but I sure as heck didn't expect him to make things worse as quick as he has. The bottom line is that he SHOULD be looking for ways to let people keep more of their income, not looking for ways to TAKE more of it from them.

[grouser68]

Originally Posted by mrdux

This crap started when the Community Reinvestment Act started blackmailing banks into loaning to those who had no means or desire to pay the home loans back. It got rolling good under Clinton, faster under Bush and went to light-speed under Maobama. So yes, this is not all Maobama's fault but he is the beneficiary of it and it fell right into his plans to turn this country into a communist 3rd world crap-hole. Ruin our economy, drive out all jobs, destroy all person wealth, then make everyone dependent on Uncle Sucker for everything and the commies have the total power they have worked for over the last 100 years, since Woodrow Wilson. The only problem for Maobama is the fact that many of us are smart enough to see what his HOPE AND CHANGE is all about, still have our guns and a little freedom, and have no intention of letting him and his communist followers destroy us personally without a fight to the death!

BRING IT ON!!

Man that is out there! Do I see another Ft. Hood Massacre on the horizon? With talk like that it's totally possible!Here gun owners/sportsmen/hunters are trying to paint a picture that our firearms are used for legal purposes. Speaking as a concerned gun owner we really don't need talk about using our firearms as weapons to take human lives.

[Wildcat]

One thing is for sure, the records do not lie. The US had 56 straight quarters of economic growth, that ended 6 months after the democrats took control of Congress in Jan 2007. We've only had 2 quarters of growth since then, the first quarter they were in control and this last quarter.

The only reason this last quarter showed any growth was the govt out money up for auto and home sales. This quarter will not show any growth because there are no new govt programs that are spending money this quarter.

At the time democrats took control of Congress the unemployment rate was 4.7%, it's gone from there to 10.2% and is excepted to go higher in the coming months.