Posted on 09/05/2009 4:15:00 PM PDT by WeatherGuy
So by Piper Palin’s administration, everything should be back to normal?
Wow, that can’t be good news for Obama...
LOL
Does this mean we all starve to death until 2014?
LOL..just in time!
Hate to say this, but the 2014 forecast seems pretty optimistic. I just have a hard time believing that we can have any success in the job market moving forward, as long as the government(federal, state, and local) continue to tax and regulate jobs into oblivion.
Cutting taxes attracts global investment in local jobs.
So many people will be dead by then that everyone left will be able to pick their jobs.
WW
W*2
So blame it on Bush
Who wants to put a number on when the media congratulate Obama for turning the tide on unemployment. My bet is by 8.5% he will be getting endless stories about the resounding hiring boom.
If you take the employment scenario in the posted article, then compare it to the pie in the sky employment scenarios used by almost every sycophantic state legislature to draft their yearly budgets for the next 5 years, it becomes immediately obvious that there are states that will collapse.
I don't know what I mean by ‘collapse’, but the budget holes for some states, like California, Michigan, Illinois, Rhode Island, will grow so substantial there won't be anything left to tax by 2012.
Its a brave new world boys and girls...
If he does an FDR and really cripples the economy he could ride this puppy for four terms. The XXII doesn’t apply to the One anointed by the LSM.
Maybe I think it keeps democrats in power in 2012. The GOP ain't coming back until the jobs do.
No, Obama was always doomed be a one-termer. The economy will still be bad come election time, and that is enough to doom him and the Dems. The incumbent president’s party always takes the hit for a down economy. The Republicans could have run Ronald Reagan again and they still would have lost the election.
Fortunately for us, Obama is doing everything he can to be thrown out of office by over-reaching to rush us toward socialism in the brazen manner he is. They are going for all the chips and the backlash will be stout in 2012. 2010 will be bad enough. The bad economy will see to that. It is just a matter of how many seats the Republicans pick up.
All of this was baked into the cake when the economy began to collapse on the back of deleveraging debt and the liquidity crisis. The players don’t really matter.
You must not listen to the cBS radio news. They will run this on Monday as “MORE GOOD NEWS ON THE JOB MARKET”. Light at the end of the tunnel, more news at the top of the hour...
There was a massive glut built up in many of these sectors, not just US, but worldwide, on the back of easy credit, over leveraging, fake growth, and ponzi schemes.
But what really caused the credit crisis was the trillions in losses on credit derivatives (credit default swaps, etc...) by dealers like JPMorgan Chase, BofA, Goldman Sachs, and Citi. The economic fallout from these weapons of financial destruction is still occuring. The smoking crater left in the worldwide economy by these will take decades to repair. The US government under both the Bush and Obama administrations are doing everything possible to cover up the losses which is going to drag this out even longer.
I agree that it could take 5+ years for some of these sectors to repair themselves and have any type of positive job growth. In the meantime, many of the unemployed are going to face complete career changes and a 1/4 or more loss of yearly income going forward.
Not to mention how much retirement and investment savings were wiped out last year which was a real crusing blow to the US economy and confidence. I know a few people who have been unemployed for more than 6 months, their savings and unemployment benefits are tapped out, and they are now pulling money out of their already crushed 401Ks to survive.
In other words, we need to keep supporting Obama no matter what until 2014?
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