Unemployment Benefit Applications Lowest in Almost 50 Years

And as you well know the Democrats took back the Congress a year before the recession even began with an unemployment rate of just 4.5%, their stimulus which was supposed to hold unemployment to 8% was an utter failure.

 

because the republican caused recession was so bad. They hoped they could keep UE under 8%. They were not able to. Legislation isn't perfect. But thankfully, they were in office and their policies led to UE under 5%, tripled stock market and the record of the most consecutive months of jobs growth of any US president in history.

 

For those not blinded by party loyalty, there is plenty of blame for both sides. Do you really think our government had a genuine interest in helping minorities and poor people own a home? Lobbyists got politicians to do their bidding and lots of people made lots of money. You always know you are screwed when you hear the words "The government is here to help!"

 

for the 2008 recession? absolutely not. Republicans own that 100%.

the irrational fear of government from righties is amusing.

 

Still nothing to refute my post. I am not a righty, but I can't help but notice the left opposing government power and overreach since Trump was elected. How irrational!

 

2008 recession? That's squarely in the Democrats camp,, they set up everything that lead up to the housing bubble and blocked any attempts by the Bush Administration to address it before it blew up (Thanks again Barney Frank!)

 

Obama didn't hope he sold his stimulus on it and it totally failed, blew right passed it and stayed over it for 4 years while the LFPR plumented and he had the worst unemployment record in modern history. But then you knew all that in spite of your sloganeering.

 

Nope Democrats took control a year before the recession began, they own their failed policies to first try and mitigate the damage as the Republicans did in 2001, and then their failed policies to get us into a full recovery.

 

right wing special pleading like usual? he turned a Recession around.

 

A word of caution, accusing posters of lying will get your post deleted and a warning by the mods. When Obama moved to the White House after the last two years of he and his fellow Democrats controlling the Congress the recession was 2/3's over and the job loss rate bottomed out the month he made that move and quickly started to recede. The recession ended 6 months later before he did anything. He turned nothing around, he saved nothing what he did was pass a huge unnecessary stimulus and start threatening to and in fact raising taxes and threatening to and in fact going a regulatory binge. And all that prevented from us getting into a full recovery and we barely held our heads above water with the worst unemployment in modern history. The more the Republicans took back power starting in 2013 the better things got and now we have one of the best economies ever with the employment numbers ever.

And BTW I didn't chose Trump. I certainly support his economic policies and can NOTHING the Democrats are offering that help keep the economy growing and people employed and wages and salaries going up and my retirement accounts growing. Please enlighten me how are they going to help my finances and my future?

 

The recession turned around on it's own before anything he did was even implemented. All he had do to was make sure we got into a full recovery and he fell on his face.

 

Its possible that unemployment was higher than predicted because the recession was worse than predicted. Maybe Obama's approach was flaws. What would you have done in his shoes? Would you have done a stimulus package? Would you have continued the Bush-era bank bailout? Would you have passed legislation to regulate the banking industry to prevent another recession? Would you have done an auto bailout? Would you have extended unemployment benefits and temporarily reduced payroll taxes?

 

you were given the data which refuted your post. sorry.

of course you are a righty.

 

He cut UE in half. He tripled the stock market. He holds the record for most consecutive months of jobs growth of any US president in history. All of that was accomplished after the worst republican caused recession in 80 years. As we know, from historical evidence, republican incompetence is expensive to fix, and sometimes takes time to fix. Those facts won't go away no matter how many times you parrot the same disproven bullshit.

 

refuted this with congressional voting record, and economic data.

 

all directly refuted with the actual economic data. He cut UE in half, from the republican caused high of 10%. He tripled the stock market, after the republican caused crash. He holds the record for most consecutive months of jobs growth of any US president in history.

 

I never did like the bank bail out. I supported the stimulus, but if it had been my call, I would have bailed out the home owners instead of the banks. I would have let the banks fail. There would have been a short term hit in capital investment opportunities, but I think that gap would have been filled quickly with a stable consumer base.

 

I will never back away from calling out someone who is willingly spreading a false hood.

 

Well in the President Turin scenario, the economy falls into a depression as its banks crumble and people's savings disappear as people try to rush their banks. Congress would have probably passed the bank bailout and over-ridden your veto, but who knows how much damage would have been caused over the mean time? You would be remembered like President Hoover.

 

There was no such thing as a pain free solution. But I would have rather kept families in their house and financially secure, as opposed to allowing banks to benefit from a situation that THEY THEMSELVES CREATED.

Other countries went the same route I picked, and they recovered much faster. It makes much more sense to me than rewarding the criminal behavior that the banks engaged in.

 

Don't be sorry. You did not even come close to refuting my post and other forum members have commented on your failure to do so.

Los Angeles is not the only liberal petri dish; San Francisco is another example of the results your party is known for. You can even download an app with a poop map to help you avoid the main product your party produces!

If paying high taxes equaled quality of life, I would be a Democrat.

 

You can refute and rebut arguments all you want but if you all people liars here the mods will take action, take note.

Now care to respond to what I posted

When Obama moved to the White House after the last two years of he and his fellow Democrats controlling the Congress the recession was 2/3's over and the job loss rate bottomed out the month he made that move and quickly started to recede. The recession ended 6 months later before he did anything. He turned nothing around, he saved nothing what he did was pass a huge unnecessary stimulus and start threatening to and in fact raising taxes and threatening to and in fact going a regulatory binge. And all that prevented from us getting into a full recovery and we barely held our heads above water with the worst unemployment in modern history. The more the Republicans took back power starting in 2013 the better things got and now we have one of the best economies ever with the employment numbers ever.

And BTW I didn't chose Trump. I certainly support his economic policies and can NOTHING the Democrats are offering that help keep the economy growing and people employed and wages and salaries going up and my retirement accounts growing. Please enlighten me how are they going to help my finances and my future?

 

The Democrats took it from 4.5% to 7.5% and then with Obama to 10%. HIs stimulus failed by his own measure of success. Had jobs grown by 1 net job all those months your statement would be true and unemployment would have been even worse that under Obama so it is a worthless statement. He has the worst unemployment record in modern history. Thank you FED for the QE that boosted the stock market.

 

Yeah yeah yea, blah blah blah when you can't refute the facts just claim you already have. You've refuted nothing I have posted.

 

The bank "bail-out" was nothing but a series of bridge loans which they paid back with interest and before they were due, we made money off of them. Yes it was up to the Obama administration to come up with a plan for mortgage holders who had gotten themselves in trouble. As Dick Morris noted in The Hill

"Alan M. White of the Valparaiso Law School, who conducted the study, noted that the data showed that “the administration’s plan to stimulate mortgage modifications does not seem to have had much effect yet, at least in this market segment” (i.e., sub-primes).

And the trend lines are all bad:

· The number of loan modifications dropped 11 percent from April to May.

· The ratio of foreclosure losses to modification write-downs (the amount lost in foreclosure : the amount rescued by write-downs) doubled in the past month. For every dollar saved in modifications, $150 was lost in foreclosure.


When Obama launched his mortgage rescue plan, he promised that it would help 5 million households. So far, he is about 4,969,000 short of his goal!!"
https://thehill.com/blogs/pundits-blog/economy-a-budget/30724-obamas-mortgage-rescue-plan-is-failing