Topic: President Obama ..
Fanta46's photo
Fri 04/03/09 11:21 AM


Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.

Giocamo's photo
Fri 04/03/09 11:24 AM



Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.


I see...and the stock market ?...let me get this straight...all that goes wrong is still President Bush's fault...and all that goes right is Obama's doing...got it !!...duly noted...

Winx's photo
Fri 04/03/09 11:25 AM
Edited by Winx on Fri 04/03/09 11:25 AM




Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.


I see...and the stock market ?...let me get this straight...all that goes wrong is still President Bush's fault...and all that goes right is Obama's doing...got it !!...duly noted...


Did you see the news clip that I posted? It explains it.


Fanta46's photo
Fri 04/03/09 11:29 AM




Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.


I see...and the stock market ?...let me get this straight...all that goes wrong is still President Bush's fault...and all that goes right is Obama's doing...got it !!...duly noted...


No one said that!
Just stating the facts.

Giocamo's photo
Fri 04/03/09 11:30 AM





Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.


I see...and the stock market ?...let me get this straight...all that goes wrong is still President Bush's fault...and all that goes right is Obama's doing...got it !!...duly noted...


No one said that!
Just stating the facts.


like I said...duly noted...:smile:

franshade's photo
Fri 04/03/09 11:33 AM

Jobless rate bolts to 8.5 percent, 663K jobs lost...


If part-time and discouraged workers are factored in, the unemployment rate would have been 15.6 percent in March, the highest on records dating to 1994, according to Labor Department data released Friday.

Giocamo's photo
Fri 04/03/09 11:35 AM
Edited by Giocamo on Fri 04/03/09 11:35 AM


Jobless rate bolts to 8.5 percent, 663K jobs lost...


If part-time and discouraged workers are factored in, the unemployment rate would have been 15.6 percent in March, the highest on records dating to 1994, according to Labor Department data released Friday.


wow !!...President Bush really fugged things up...:smile:

Fanta46's photo
Fri 04/03/09 11:40 AM
Edited by Fanta46 on Fri 04/03/09 11:42 AM
If part-time and discouraged workers are factored in


Those arent factored in, either in good times or bad, and probably always remain pretty steady.
They only mention them now to make the problem appear even worse.

Dont let people saying that now depress you unnecessarily. Its irrelevant unless you just want to make the numbers appear larger for whatever reason.


Winx's photo
Fri 04/03/09 11:44 AM
Edited by Winx on Fri 04/03/09 11:48 AM
Orders placed with U.S. factories actually rose in February, ending a six straight months of declines, the government reported Thursday. Earlier in the week, there was better-than-expected reports on construction spending and pending home sales. And last week a report showed that consumer spending — an engine of the economy — rose in February for the second month in a row — after a half-year of declines.

The Dow Jones industrial average spent most of Thursday over 8,000, the first time that happened since early February, before adding 216 points to close at 7,978. After being down most of the day, the Dow added about 4 points in afternoon trading, while broader indices also edged up.

By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 20 mins ago


no photo
Fri 04/03/09 11:58 AM

Orders placed with U.S. factories actually rose in February, ending a six straight months of declines, the government reported Thursday. Earlier in the week, there was better-than-expected reports on construction spending and pending home sales. And last week a report showed that consumer spending — an engine of the economy — rose in February for the second month in a row — after a half-year of declines.

The Dow Jones industrial average spent most of Thursday over 8,000, the first time that happened since early February, before adding 216 points to close at 7,978. After being down most of the day, the Dow added about 4 points in afternoon trading, while broader indices also edged up.

By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 20 mins ago




Wednesday run up was due to short sellers covering their positions.
Thursday run was due to relaxation of mark to market rules.
Nothing has really changed. other than we may be at a bottom

http://www.cnbc.com/id/29993001/site/14081545?__source=yahoo|headline|quote|text|&par=yahoo

caamken's photo
Fri 04/03/09 12:03 PM
Edited by caamken on Fri 04/03/09 12:07 PM
Well maybe he sux maybe not

But sitting back watching never being involved is a big mistake. I tend to go with the sux part, congress today is working on more laws to take more rights away from you as US citizens than ever before yet we stick our head in the sand and ignore this fact. IDK about you but I’m tired of our house and senate trying to tell me I’m too stupid to think for myself and so they will think for me. Last time I checked most of these folks have never had a real job in their life nor have they ever had to work for anything they have received. Most of these pompous idiots running our country can’t even balance their own check book and they sit in power saying let’s just print more money. Let’s see nothing can be wrong with that idea frustrated he is even finding ways to distance his own party from himself, currently many democratics do not want him to come into there states in fear of loosing their seats come 2010 election. Lets just say this it is easier to blame Bush than it is to face the facts. The same folks defending Obama were condeming Bush the day he was elected. Wake up and smell the roses people it works both ways

We sit in these threads and worry about how someone spells or throw mud at each other instead of showing respect which each person deserves

franshade's photo
Fri 04/03/09 12:04 PM

If part-time and discouraged workers are factored in

Those arent factored in, either in good times or bad, and probably always remain pretty steady.
They only mention them now to make the problem appear even worse.

Dont let people saying that now depress you unnecessarily. Its irrelevant unless you just want to make the numbers appear larger for whatever reason.

and bigger isn't always better?


caamken's photo
Fri 04/03/09 12:06 PM
Edited by caamken on Fri 04/03/09 12:06 PM

no photo
Fri 04/03/09 07:45 PM
I'm hangin with Barack. At least he considers facts and tries to come to a best solution, rather than how the idiot Bush ran the country and ruined it.

AndrewAV's photo
Fri 04/03/09 07:51 PM



Jobless rate bolts to 8.5 percent, 663K jobs lost...


They also said that it's a reason for hope and not panic.
When the stock market goes up, it takes 4 to 12 mths. for jobs to catch up. They said that was how economic recovery happens.

http://abcnews.go.com/Business/Economy/story?id=7246813&page=1




You are absolutely correct!

The decline in the job market is still a reflection on the Bush Administrations performance.


But the good is Obama's fault, according to to you.

*facepalm*

no photo
Fri 04/03/09 07:57 PM
Put it this way. Would you rather have the idiot Bush in charge or a 1/2 way intelligent 1/2 black 1/2 white man in charge?

AndrewAV's photo
Fri 04/03/09 08:09 PM
Edited by AndrewAV on Fri 04/03/09 08:09 PM

Put it this way. Would you rather have the idiot Bush in charge or a 1/2 way intelligent 1/2 black 1/2 white man in charge?


Neither. Both were/are terrible for our country. This one more-so than the last.

AndrewAV's photo
Fri 04/03/09 08:26 PM



Put it this way. Would you rather have the idiot Bush in charge or a 1/2 way intelligent 1/2 black 1/2 white man in charge?


Neither. Both were/are terrible for our country. This one more-so than the last.





"idiot Bush ... or a 1/2 way intelligent"


What Obama is doing will have many long-term ramifications that I fear he fully understands. His followers do not realize what pain and suffering but eventually, we will feel it. None of these policies have any long-term reform for the government or the monetary/credit system that was the root of the problem. Sure, we'll be "energy independent" (ha!) and have nationalized healthcare (on the backs of the middle/lower class) but we still have the root issues in the monetary system that allowed this crisis to happen in the first place - no amount of regulation (even nationalization) will ever fix that. We need complete, sweeping reform in regards to how money is handled.

no photo
Fri 04/03/09 08:39 PM




Put it this way. Would you rather have the idiot Bush in charge or a 1/2 way intelligent 1/2 black 1/2 white man in charge?


Neither. Both were/are terrible for our country. This one more-so than the last.





"idiot Bush ... or a 1/2 way intelligent"

What Obama is doing will have many long-term ramifications that I fear he fully understands. His followers do not realize what pain and suffering but eventually, we will feel it. None of these policies have any long-term reform for the government or the monetary/credit system that was the root of the problem. Sure, we'll be "energy independent" (ha!) and have nationalized healthcare (on the backs of the middle/lower class) but we still have the root issues in the monetary system that allowed this crisis to happen in the first place - no amount of regulation (even nationalization) will ever fix that. We need complete, sweeping reform in regards to how money is handled.


Were you screaming this loud from Jan.'01 to Jan. '09?

Jess642's photo
Fri 04/03/09 08:42 PM



Were you screaming this loud from Jan.'01 to Jan. '09?



YES!!!!!!!!!!!! And I am not even an American....I KNEW his policies would have a direct impact on my country...same as Obama's will, it's why I choose him, over the last 50 year's worth of your presidents.