I can tell Obama managed to lose a boat load of jobs on top of what Bush lost despite forcing Americans to spend a trillion dollars on this exact issue. This chart should explain to you why the Democrats are in so much trouble this midterm.
You actually have a good point in terms of that it is hard to for the electorate to spot or understand a trend when that trend is that things are bad but not getting more bad.
every day the economy stays the same and isn't on the path towards getting better it is becoming "more bad" because of the opportunity cost.
Obama saved a lot of jobs, economists from both ends agree on this. why people - particularly right wings nuts disagree with their own economists is a puzzling fact. oh wait, i forgot, people would rather bash the other side than acknowledge their contributions even if they have to put their head in the ground to hide from the truth. ain't politics grand?
Things are getting more "bad". Unemployment is going up. It is just not going up at the rate it was. This is the chart Obama put out when selling the stimulus: If things had gone as Obama claimed they would, Obama's numbers on the chart Major posted would mostly be positive (thus decreasing unemployment). They are all negative. Which is why unemployment really looks like this:
Unemployment rate October 2006 (just before the Democrats win both houses of Congress) = 4.4% Unemployment rate October 2008 (just before Obama wins) = 6.6% Unemployment rate October 2010 (projected) = 9.6%
how does getting rid of the deficit (at this point in time) help unemployment. we deregulated, we allowed banks to securitize their assets. what market do you feel needs deregulation? Energy? Banking? ??
Gives employers confidence to spend. We passed 2000 pages of health care regulation. Every single market you can think of except those involving the use of force (no mafia).
employers aren't spending because they are raking in profits on skeleton crews, I don't get what people don't understand about this. who's lost jobs because of this you're not even trying today, at least entertain us
No. Employers aren't spending because they are afraid the deficit is gonna be paid for by them by increasing taxes. Also employers, can't make business decisions when they have no idea which way the government is gonna force the market. So they sit on their hands. Thousands of lobbyist all begging the government to pass laws benefiting them. It's pathetic. If the government would not get involved then all of these markets would be far more stable and employers/investors would feel more confident to spend. read above.
do you deny that businesses are sitting on cash making profits, and the stock market has recovered after going down in the 6,000s
Food... meat, dairy, fish, etc. need to be deregulated? How would you do this and ensure the safety of people who consume the food? Mining... what about here? I'm guessing you would do away with workplace safety and environmental controls, right? Housing... Would you do away with earthquake and hurricane standards in those areas? Airplane manufacturing? Child, please. Farming... what would you do away with here? Pesticide and herbicide controls? Price supports? Water laws? Credit card industry? You'd want to give consumers even less rights than they have now?
I would do away with every single thing you said. Adults should be able to handle these issues on their own. Why would I need rights when dealing with a credit card company? It is simply a deal between them and me and we both sign a contract agreeing to such things. If the contract is violated then the government should step in (that is not considered market regulation). It is no different then if I made a bet with my neighbor. People making deals.
deregulation is part of how we got into this mess in the first place. I'd rather not do more of what put us here.
I guess I respect your honesty about your desire to go back the Robber Baron period of the U.S. which was one of immense abuse, monopolies, price fixing, unsafe foods, unsafe work conditions, child labor, etc. It was all legal back then. I don't know why anyone would want to go back to those times. As far as the credit card company, it isn't a fair deal because the credit card company has access to lawyers, lobbyists, politicians and more that can rig the system in their favor.
