Skip to comments.There Are No Longer Any Excuses For Obamanomics
Posted on 11/18/2011 10:34:35 PM PST by 2ndDivisionVet
The history of Americas 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 cant 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 doesnt fully count the millions of Americans who have given up and dropped out of the work force altogether....
(Excerpt) Read more at forbes.com ...
I’m from the gov’t and I’m here to make your life miserable.
No, it’s fine.... Oprah said so.
The disconnect between Obama and the American public is irreparable. Obama knows his economics plans have destroyed our economy; his fans either agree with his methods (to create a ‘fairer system’ from the ashes) or are ignorant of his goals and make excuses—Bush’s fault, it’s a bigger problem than anyone can be blamed for, blah blah blah.
Either way, even his supporters know he is lying when he touts his success. That’s demoralizing. To an electoral bloc that’s all about emotion, that could be the key to his defeat more than anything any Republican does.
I think you're dreaming. As you say, it's all about emotion. If they feel demoralized, they'll just double down.
The comments at the site, btw, are pretty funny. Obama and FDR are awesome, Reagan’s economy was horrendous.
You and I were just discussing this very thing:
“...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%.”
I'm not so sure he does. The man's an abject Marxist, and a true believer in Socialist dogma. He's also in WAY over his head. I seriously doubt that he truly understands the full extent of the catastrophe that his economic policies have created.
He knows that the economy is in real trouble, but I believe that he doesn't realize the true source of it. In his mind, we're not borrowing and spending enough to create Utopia.
Obamanomics is Stupidnomics
You mean that even Barack himself might be a Useful Idiot?
I disagree with you. He isn’t a true Marxist.
I can see inside the SOB’s head, as Ive been doing it for nearly four years now. He was raised by Marxists but he is, in his soul, a Muslim.
He hates America and Americans, particularly white Jewish and Christian Americans. He wants to see this nations demise and will use any means, any human being, to achieve his end - a Caliphate. He will do anything to achieve that end for world-wide domination by Islam.
0bambi chanelling Sir Winston Churchill:
Winnie to the war cabinet: Number 1 priority is to destroy the Nazi oil refining and distribution networks.
Follow up with destruction of manufacturing capacity, starting with the ball bearing factories.
The truth is no matter who we elect, we are screwed.
Obama has set us up the bomb.
Prepare for the worst.
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.
By George, I think you’ve got it!
Now..the question is...what do we do about it? Wait around until next year, assuming we have the luxury of waiting that long...and assuming that we actually DO have another election?
We were whining about his birth status while he was screwing us.
Now we have a fine line of his stacked Supreme Court, and We have our own folks sniping at each other in the primary’s while we are oblivious to the shortcomings of votes in the senate.
Obama is a Chicago mobster.
He has no ideology.
Do yall recall when they rolled up 104+ NY mobsters?
That wasn’t because Eric Holder was a stand up guy.
That was the Chicago mob moving in on the NY mob
He uses everybody, including the mobsters.
One week after Jimmy Hoffa Jr calls us SOBs while campaigning for Obama.
Owango stabs Hoffa, and the Teamsters in the back by passing a law that allows Mexican long haul truckers to compete with the teamsters.
This SOB is evil.
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