CBO: Longest Period Of High Unemployment Since Great Depression

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azmastablasta

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Imagine that. Too bad they weren't completely honest with the percentages which in reality are closer to 20-25%.

CBO: U.S. enduring the longest period of high unemployment since the Great Depression

By Alex M. Parker
February 16, 2012

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.

http://www.usnews.com/news/articles/2012...reat-depression
 
hope & change

you give up hope on ever working again & they change your status so they don't count you any more.
 
Originally Posted By: RubenatorGive the man some credit, it could have been worse.

AAAHHH, well I guess the world could have blown up.
 
Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.
 
But-Bush.jpg
 
Originally Posted By: HunterBear71Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.

I value your opinion,H.B. but its clear that you nor Obama really understand basic economics.And I know that the President really does not understand Americans,and never will.
All of our problems stem from polititions interfering with free enterprise,and stealing its assets.

What most Americans that dont work or are occuping Wall Street,and the President do not understand is that all of this regulation,bailouts,mandates make my product more expensive,some day I will be out of buisness,then you will have no one to demonize and no tax base.Then what are you going to do?

As a buisness man,I have concluded that everything the President and his quislings have done,were the exact opposite on rational common sense solutions for helping the economy.They only considerion is the political advantage.

The President's aggenda is total control of the populace,its food,jobs,health care,education and votes.
 
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Originally Posted By: HunterBear71Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.


I say Clear Evidence of a jackwad know nothing who proclaimed he had a plan and was different, he had the tools & knowledge to get America going again....WRONG on so many levels.....
If you shout recovery enough times you'll be right at some point. - you hope.
What failed policies??? Like a stimulus plan or a green energy plan or a jobs plan (never saw this one though) or an economic plan/budget that did not sacrifice future generations ability to have a better standard of living than the one before them. Oh yes a projected $6.X TRILLION in deficit spending added to the National Debt when this tool leaves in Jan 2013. When I see a Company that does not perform an annual budget with at least 5 years projected. I automatically think they are only in for the short term and CASH is all they want. Not a growing viable business; take what you can to blazes with everything else. This has been proven time & again; Pump & dump, pick your check up on the way out.

It is disgusting how this Administration has accelerated US down the path of European/Greek stagnation.

Hope your kids can find a job, buy a house and live a better life than you but, I doubt it.

T2G
 
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as the owner of a company i can tell you things are bad enough that we CLOSED.
i worked 50 to 70 hours a week last year for a whopping 11,000 bucks
my wife and i had 14k+ in out of town expenses and 9k in gas expenses
at the tax man we had a 28k income between my wife and I
still didn't get to go long form on my taxes.
so i payed the normal tax rate on every penny even though 3/4 of my income went on business expenses.
the next worst years I've lived threw was in the carter administration and with Clinton the only way we survived was by going union.
with Obama the union cut our throat
with both Bushes and Reagan we couldn't hire men fast enough.
there is no recovery just approaching the end of winter normal ebb and flow of employment, Christmas part time help and a mild winter is all that has slowed the lay offs
gas prices this spring will put the breaks on any gains we have experienced this far.
Obama will be the death of our country if re elected. the only change will be from free market to socialism SO
I'm jumping on board and going to work for the government. its where we all will be soon. government jobs will be the only ones left.
 
Originally Posted By: azmastablastaImagine that. Too bad they weren't completely honest with the percentages which in reality are closer to 20-25%.

CBO: U.S. enduring the longest period of high unemployment since the Great Depression

By Alex M. Parker
February 16, 2012

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.

http://www.usnews.com/news/articles/2012...reat-depression


And, let us not forget population growth in the country, as the nation's potential work force grew by more than a million people, than it did jobs in 2011.



Originally Posted By: HunterBear71Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.


Democratic chili HB! Just keep walking in circles with your butt cheeks clinched, hoping you don't [beeep] down your leg until the chili passes.
 
HB71, I notice that the longer things look grim in this country, the more you claim they are getting better.

The longer we go without things getting better, the more fanatical and completely disconnected from reality your praise-singing of Obama sounds.

Am I detecting a note of increasingly desperate, typically leftist denial of reality there?

When you lose your job HB, and you and your family lose your money and your house, I can easily see you becoming a demented homeless person, unshaven dirty and disheveled, staggering around in a city park hollering praises to Obama for saving the country, while the city social workers try to herd you to a shelter.

Just sayin'....it's not too late to quit the Kool-Aid and come back to reality my friend. I'd hate to see ya wind up like that. Or anyone else for that matter.
 
Originally Posted By: HunterBear71Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.

The failed policies were from Clinton. I got out of the military in the early 80's and tried to buy a house. I was 50 cents an hour short from being qualified to buy a 25 thousand dollar house that I lived in which would be priced at over a hundred thousand before the collapse. Slick willy ok'ed NAFTA( Bush SR.) which he knew would cripple this country so he made it possible to buy a 3 hundred thousand dollar house for 3 hundred dollars a month, ( dream of home ownership) should have been 3 thousand. But now China holds all the bad debt just to keep the prices up. I would rather see 25 thousand dollar houses compared to wages and stiff regulations as to being responsible to pay the loan back. And you could buy a nice 22 rifle for 25 dollars, wasn't all bad. I look at the gun today, 5 dollars to make the stock, A couple dollars to make the barrel and bolt/clip plus retail markup all made in the USA. What happened.
 
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Originally Posted By: Smackem223Originally Posted By: HunterBear71Clear evidence that the economic catastrophe inherited by Obama was epic. Thanks to his careful leadership, the economy is starting to recover. The worst action this country could take would be a return to the failed policies that resulted in this terrible recession.

The failed policies were from Clinton. I got out of the military in the early 80's and tried to buy a house. I was 50 cents an hour short from being qualified to buy a 25 thousand dollar house that I lived in which would be priced at over a hundred thousand before the collapse. Slick willy ok'ed NAFTA( Bush SR.) which he knew would cripple this country so he made it possible to buy a 3 hundred thousand dollar house for 3 hundred dollars a month, ( dream of home ownership) should have been 3 thousand. But now China holds all the bad debt just to keep the prices up. I would rather see 25 thousand dollar houses compared to wages and stiff regulations as to being responsible to pay the loan back. And you could buy a nice 22 rifle for 25 dollars, wasn't all bad. I look at the gun today, 5 dollars to make the stock, A couple dollars to make the barrel and bolt/clip plus retail markup all made in the USA. What happened.


Actually Bill "eatin ain't cheatin" Clinton just refreshed and updated the program, it was introduced under the Carter Administration.
 
did anyone forget that the last two years of GWBush's presidency, every bill he signed was ok'd by pelosi and reid? Then obama had nancy and harry for his first two years also.
 
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