Posted on 11/18/2011 10:34:35 PM PST by 2ndDivisionVet
The history of America’s recessions is provided at the website of the National Bureau of Economic Research (NBER). Before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months. Yet here we are 47 months after the last recession started, and we still have no real recovery.
Instead, unemployment has been stuck at 9% or above for the longest period since the Great Depression. Unemployment for blacks has remained over 15% for over 2 years, with Hispanic unemployment stuck well into double digits over that time as well. Teenage unemployment has persisted at nearly 25%, with black teenage unemployment still nearly 40%.
The U6 unemployment rate, reflecting all of the unemployed still wanting work and the underemployed who can’t get full time work, is still 16.2%. That includes an army of the unemployed or underemployed of over 26 million Americans. And that still doesn’t fully count the millions of Americans who have given up and dropped out of the work force altogether....
(Excerpt) Read more at forbes.com ...
Most truckers are non union.
There is only one solution:
EVERY SINGLE PUBLIC SERVICE that citizens demand must be paid for within the current year's tax revenues. There is no other way out.
So, say goodbye to Social Security and Medicare. They are, quite simply, impossible to implement.
“He hates America and Americans, particularly white Jewish and Christian Americans.”
The fact that this is now widely believed poses a huge challenge for him in 2012; recent stories about Israel and the defunding of many Catholic Charities programs (on top of the “gay marriage” attacks on Judeo-Christian values) are going to cost him.
“The truth is no matter who we elect, we are screwed.”
Probably true.
“There is a reason this asshat legislated that none of his stuff kicked in till 2014. He plans to be down the road with the loot.”
I’ve maintained for some time now that Obama’s acting as though he already lost the election; his latest comments indicating Americans brought this doom upon themselves reinforces that view in my eyes.
Of course it is.
The day that clown bowed to the king of Saudi showed the world just what/who he was.
Ban all new energy unless it’s “green”, have a Gulf spill and send all the deep water rigs away, ban pipelines, give all political cronies “loans” by printing money. There will be no cheap oil/energy for this country - his foreign handlers have decreed.
How else would this talentless usurper rise from obscurity with no track record in such a short time????
Culturally he is not an American - yet the dupes and useful idiots will vote for this incompetent once again.
“It has to be on purpose.....”
Bingo!!! there is an evil walking amongst us no one cares to discuss or acknowledge....
And yet they support the POS. What does that say about racism in this country?
Tt’s all George W. Bush’s fault/sarc.
Obama had a lot to work with when he started, and now that there’s even less private sector he only wants more “revenue”taxes) which will depress the private sector more, even MSNBC should be able to follow the logic...
More state run media logic: Unemployment claims are down, so there are more jobs and the private sector is recovering.
Probably so. Still Obamas actions are killing American jobs.
Since when were Socialists in the business of making excuses? It’s ALWAYS YOUR fault and the correct remedy, of course, is ALWAYS MORE GOVERNMENT. We’d like you to disappear altogether, get it? Just send us all your money every month.
The economic crisis was created by government and is now being sustained by government. Gov meddlers basically ruin everything under the guise of “fairness.”
Well, when it comes to idiots, Barry's in a class all by himself. He's not just 'useful', he's indispensable to those who pull his strings.
You should know by now that the best liberals have the greatest ability to hold two or more conflicting ideas in their heads simultaneously. Obama is a Muslim and he's a Marxist (though I don't believe those two ideologies conflict all that much).
Truer words have never been spoken.
"Under my plan, electricity prices will necessarily skyrocket."
"Coal operators can open new plants, but they'll probably go bankrupt under our rules."
Not according to his leftist way of thinking, which is why he and the Dims continue to push their destructive policies. They're incapable of linking cause to effect. When they do assign cause for some effect (good or bad), they always, always, always, assign the wrong cause.
True believers like Obama will continue to force their unworkable solutions on the people, until the society crumbles. At that point (and true to their Marxist form), they'll blame someone or something else for the failures of their ideas.
“It has to be on purpose.”
IF ignorance of economics, and a perspective of reality wrapped up in fantasy is “purpose”, then I suppose so.
These people are, simply put deranged.
The vast amount of wealth that supports these Leftist misfits must be purchasing their wealth management from sane resources as they play Marxist with their friends.
They can’t be gaining all that wealth doing what they profess.
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