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Show ALL Forums  > Off Topic  > Fed official says real unemployment rate is 16%, not 9.4.      Mod Threads Home login  
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 Author Thread: Fed official says real unemployment rate is 16%, not 9.4.
 geeleebee

Joined: 5/26/2008
Msg: 26
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 8:57:28 AM

I have a feeling that if Obama and the elected Democrats do push the Health Care Reform through with the Reconciliation method Obama just might end up coming close to or lower than Bush's ending poll ratings before 2009 is over


Why the fascination with popularity polls?
Unless there is a movement underway to find some reason to oust him, Obama will remain the president regardless of the poll numbers.

So, again I ask--why the fascination with poll numbers?
 etourdi77

Joined: 7/7/2009
Msg: 27
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 9:23:39 AM
Its interesting that Obama supporters were all about Polls during the primaries and the first few months of his Presidency now that his numbers are dropping you guys don't want to hear about the polls.Another reason for the fascination with popularity polls is that the media and the administration keep telling us what the American people want while the Polls that actually reflect how Americans feel say otherwise.
 killene

Joined: 3/28/2009
Msg: 28
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 10:37:49 AM

Its interesting that Obama supporters were all about Polls during the primaries and the first few months of his Presidency now that his numbers are dropping you guys don't want to hear about the polls.


This is what is so interesting about the Obama supporters. Its " look at Obama and how popular he is in the polls!" Now that his polls are even lower overall than Bush's were his first August in office its, "Polls don't matter."Opps.

You talk about Obama's Czar's and it's hey Bush did it. Even though it was one of constituents' and Obama's complaints about Bush.
The biggest problems that we're facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all. And that's what I intend to reverse when I'm president of the United States." -- Sen. Barack Obama, March 31, 2008 http://community.comcast.net/comcastportal/board/message?board.id=news&thread.id=913625
Opps.

If we talk about the money being spend its "Look at what Bush spent" Didn't Obama say he was going to cut expenses?
I won't stand here and pretend that any of this will be easy - especially now. The cost of this economic crisis, and the cost of the war in Iraq, means that Washington will have to tighten its belt and put off spending on things we can afford to do without. On this, there is no other choice. As President, I will go through the federal budget, line-by-line, ending programs that we don't need and making the ones we do need work better and cost less. http://www.barackobama.com/2008/10/27/senator_barack_obamas_closing.php
Opps.

If something is pointed out about Obama, Obama supporters point back to Bush. Yet they seem to forget than Obama was supposed to be a man of change and not Bush.

Yes there was unemployment under Bush, but right now it is higher under Obama than it has been for many many years. Remember Obama's people saying that if the stimulus was passed unemployment would not go higher than 8% if not passed it would reach 9%. http://www.thenewamerican.com/index.php/economy/economics-mainmenu-44/1316

Opps. Didn't we pass the stimulus. Didn't our unemployment rate pass 8% and even 9% . Opps.
 tranquilo123

Joined: 3/7/2008
Msg: 29
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 2:06:52 PM

So True!!!!!
Right now Obama is actually about One Percentage Point lower in approval ratings than Bush was his first August in office (Pre-9/11)


All this preoccupation with the poll numbers seem to me an exercise in futility. However, I like to find the facts that are ignored by those that try to use poll numbers in order to attack the other side.

In this case, the poster is trying to say that Bush was better than Obama by the end of the month of August after taking office at the beginning of the year. Here is the difference, and this is what the poster didn't acknowledged in her post: Bush took over after Clinton, who left the economy in much better shape than he received it from Bush, the father. (Remember: "it's the economy, stupid!") Obama was sworn in as president after Bush, the son, ruined the economy in the worst way than any other previous president had done after the big depression.

So, there is no way that you can compare poll numbers if you look at those facts. But I guess that the conservative republicans would not be interested in showing those facts when playing with poll numbers.
 JWG86

Joined: 7/5/2008
Msg: 30
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 2:27:59 PM
No matter how many times people point out how Obama has turned around and done 100% the opposite of what he said he would do, people will still love the slick talking guy. People will still blame Bush for what all went wrong even though the facts say otherwise. There is no "winning" this one. It's like arguing with a religious person, logic does not apply.
 tranquilo123

Joined: 3/7/2008
Msg: 31
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 3:43:34 PM

even though the facts say otherwise.


What facts are those? All there is in the post above are general opinions without any reference to specific facts grounding those opinions on reality.
 etourdi77

Joined: 7/7/2009
Msg: 32
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 5:05:52 PM
Ok lets talk about Facts...Obama and his Administration told the American people that the Stimulus plan would insure that unemployment would not exceed 8.4%....that is why they were in such a rush to pass it to keep unemployment down....that is a fact....He also promised to create millions of jobs...to date how many have been created? Kind of inconvenient when the facts don't support your ridiculous position.
 WantaSmart1

Joined: 8/18/2008
Msg: 33
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 7:11:48 PM
A guy on the radio the other day said he noticed that liberals take their positions based on what they feel. Conservatives take their positions based upon whether or not what they feel actually pencils out on paper.

For at least a lot of that, I have to agree. When presented with hard, cold facts, a lot of liberals get enraged, let loose with a slew of profanity and disappear. Or they deflect the subject and pretend they never saw what was presented to them, then move onto the next feeling.

Why let facts get in the way? (Google "Clinton Housing Bubble")
 wudger

Joined: 12/20/2007
Msg: 34
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 8:18:35 PM
[quote Conservatives take their positions based upon whether or not what they feel actually pencils out on paper. ]For at least a lot of that, I have to agree. When presented with hard, cold facts, a lot of liberals get enraged, let loose with a slew of profanity and disappear. Or they deflect the subject and pretend they never saw what was presented to them, then move onto the next feeling



incredible.
 WantaSmart1

Joined: 8/18/2008
Msg: 35
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 8/31/2009 8:45:13 PM

incredible.


All one has to do is check out a bunch of threads to verify or disprove it.
Whether or not one believes what they see depends on the color of their shades, I suppose.
 Cebrhocabi

Joined: 8/26/2009
Msg: 36
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 9/1/2009 8:13:42 PM

incredible.


Not really, considering this came before it:


A guy on the radio the other day said...


Many people formulate thier opinions from the hours and hours they spend listening to talk radio. I take those opinions for what they are worth - not much.
 WantaSmart1

Joined: 8/18/2008
Msg: 37
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 9/1/2009 8:35:59 PM

Many people formulate thier opinions from the hours and hours they spend listening to talk radio. I take those opinions for what they are worth - not much.


And if you re-read what I wrote, you will see that I didn't take my opinion from the radio. Just the observation of a person that I found holds quite a bit of truth, in my OWN EXPERIENCE with real people. I merely agreed with the speaker's observation based on my own experience.

Taking someone's opinion as your own is one thing. Taking someone else's observations and saying that they concur with what you also observe is a different thing altogether.

Thanks for that assumptive "opinion" though.
 Taztiger72

Joined: 2/26/2008
Msg: 38
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 9/30/2009 11:34:20 PM

Fed official says real unemployment rate is 16%, not 9.4.


Well, as per the POTUS we will end 2009 with an Unemployment Rate of 10% which will be about 18% total. Who knows about 2010 it can still keep going.

We are already at 9.8% at the end of this month it will be 9.9%.

Just remember the Commercial Real Estate Market Bubble is about to burst - so a lot of Retail workers will be out of work soon....

Only a fool buys gold at $1000 an ounce - another bubble about to burst - sounds like the Oil bubble from a year ago - a sucker born every minute....

So it looks like 2010 will be a redo of this year - the Hedge Funds dumping the Market and Corporations feasting....

Health Care - what are you dreaming - were all going over the barrel for the Insurance Cos on this one - NO REGULATION, NO COMPETITION, CAN CANCEL YOU AT ANY TIME, NO MORE OF GETTING IT THROUGH YOUR JOB, and YOU WILL PAY THROUGH THE NOSE.....
 WantaSmart1

Joined: 8/18/2008
Msg: 39
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 5:48:05 AM

Just remember the Commercial Real Estate Market Bubble is about to burst - so a lot of Retail workers will be out of work soon....


Very true. It's already burst in many areas, causing a lot of concern over a new round of bank failures - those heavily invested in commercial real estate loans. And between 2010 and 2012, a whole bunch more ARMs (from the big push to buy homes in the couple of years before the downturn) are scheduled for resets, which could cause the demise of even more. Any further big business bailouts will only go down the same black hole: Investor pockets.

Over the weekend, I heard that the real unemployment rate in one of the states back east was already approaching 20%. I really think any further attempts at bailouts should be directly aimed at small business job creation, as they should have been all along.

Working people are happy, spending people.
 GrandmaBooBoo

Joined: 12/30/2006
Msg: 40
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 7:36:31 AM
Actually, I just read somewhere that it was approaching the 19% mark; and all the lay-offs from the auto industry...and after markets won't happen until July 2010.
 wudger

Joined: 12/20/2007
Msg: 41
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 7:48:30 AM
want to help small business? pass some healthcare legislation and stop make them tow the anvil of providing health insurance. conservatives are always pushing tax cuts to stimulate business. no tax cut would come close to the boost that would give small business.


and as far as approval ratings, anybody who thought that jesus christ himself could become president, inherit two impossible wars, the biggest economic fiasco in 75 years and maybe ever and an opposition hell bent on preventing any legislation from passing no matter whether the country needs it or not was going to be popular is dreaming.

and if we are talking "taking pencil in hand" as opposed to feelings, lets look at the fact that every other G8 nation spends less on healthcare than we do and gets better results, the fact the we'll be spending better than 20% of the GDP on healthcare shortly and that there are fifty million americans without health insurance and yet conservatives continue fight to keep the current system.

you guys need to sharpen your pencil.
 cookie22222

Joined: 8/4/2007
Msg: 42
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 7:53:59 AM
GMA reported over the weekend that the rate of 16-24 year olds was actually 52%...so that diploma isn't really much help right now, is it?
 wudger

Joined: 12/20/2007
Msg: 43
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 8:02:24 AM

GMA reported over the weekend that the rate of 16-24 year olds was actually 52%...so that diploma isn't really much help right now, is it?


haha if thats true its better than it was in 2004.


http://www.bls.gov/news.release/archives/youth_08182004.pdf

The July labor force participation rate for youth (the proportion of their population working or looking for work) in 2004 (67.2 percent) was essentially the same as in July 2003 (67.3 percent)—the lowest rates for July since 1966.
 etourdi77

Joined: 7/7/2009
Msg: 44
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 8:35:21 AM
Hey, Obama has the answer he is going to beg the Olympic committee with his Friend Oprah to have the Olympics in Chicago, that will provide jobs in 2016...He sure does have his priorities messed up...Health Care reform and Olympics bid while Unemployment is rising everyday....he did promise change, looks like the change is Americans are going from being employed to being unemployed...Change we can believe in....
 killene

Joined: 3/28/2009
Msg: 45
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 9:25:20 AM
Post 44 said (Hey, Obama has the answer he is going to beg the Olympic committee with his Friend Oprah to have the Olympics in Chicago, that will provide jobs in 2016.)


This has got to be the biggest laugh of what Obama is doing now.

If Chicago gets the Olympics in 2016 it might create a few jobs for a couple of years before and maybe after.
The aftermath of the money spent on the Olympics will probably not do anything for the city or state in the long run. This is just a just another temporary employment bandage that will not start for at least another 4 to 5 years.
Then once the games are over the cost will probably put the city of Chicago and state of Illinois in a tail spin downward, as they try to find the money to pay for the loses and find uses the new buildings build.

The Olympic will create millions, probably billions of dollars of loans for buildings and personal needed for Chicago and Illinois. Or does Obama plan on the federal government financing the Olympics too.

Obama needs to be back home answering our soldiers' calls in Afghanistan, along with finding solutions to the rising unemployment and foreclosure problems in our country.
 wudger

Joined: 12/20/2007
Msg: 46
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 10:03:38 AM
yeah right. I don't remember any such talk from conservatives or republicans when Bush went to China for the Olympics. we had two wars going then and if he had been paying attention to business we might have avoided the current economic catastrophe.

what was the difference then?

hell, that trip didn't even bring any business to american cities, it just got his name in the papers.

and I remember the Atlanta Olympics being touted by the older Bush as a great thing for Atlanta. I guess its only true when a republican is in office.
 killene

Joined: 3/28/2009
Msg: 47
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 10:24:12 AM

yeah right. I don't remember any such talk from conservatives or republicans when Bush went to China for the Olympics. we had two wars going then and if he had been paying attention to business we might have avoided the current economic catastrophe. what was the difference then?hell, that trip didn't even bring any business to american cities, it just got his name in the papers.


Going to watch the Olympics is one thing, spending time and money to try and get it in a particular city is another thing. If Obama and his family were to go watch for a day or so like Bush did to London and watch the 2012 Olympics I doubt anyone will be saying anything.


and I remember the Atlanta Olympics being touted by the older Bush as a great thing for Atlanta. I guess its only true when a republican is in office.


Did elder Bush make a special trip to go and plea for the Olympics to be in Atlantic, I don't think so, I don't think Regan did either. Which president did we have campaigning for the 2002 Olympics in Salt Lake City?

The fact is that our country in a recession and even Chicago is having huge financial problems.
Who is going to pay for the financial aftermath of the Olympics(Oprah or maybe the federal government will bail them out).

If you check with the last several Olympic cities you will find that it ends up being more of a financial deficit than a positive. At the most Chicago will get some additional tourist for a few weeks, some added employment while they build the added facilities needed, but what will the overall lasting financial affect be?

Overall question still remains what the H3LL is Obama doing meddling in a city/state matter anyway when there are much more pressing issues on the federal home front such as increasing unemployment, a out of hand war in Afghanistan and people still losing their homes.
 wudger

Joined: 12/20/2007
Msg: 48
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 10:30:17 AM

Going to watch the Olympics is one thing, spending time and money to try and get it in a particular city is another thing. If Obama and his family were to go watch for a day or so like Bush did to London and watch the 2012 Olympics I doubt anyone will be saying anything.


right. explain to me how visiting a china and bringing in zero business during two ongoing wars is different than what obama did. and if the olympics is such a money loser why do countries compete so hard to get it.

I did extensive work on the chinese olypmics both here and in china. the idea that it doesn't pay is silly.
 dennyden

Joined: 6/27/2007
Msg: 49
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 10:33:24 AM
yeah right. I don't remember any such talk from conservatives or republicans when Bush went to China for the Olympics. we had two wars going then and if he had been paying attention to business we might have avoided the current economic catastrophe.

what was the difference then?




thats the point, there is none. they are the same old polilitican. change we can , well you know the rest, when is that going to happen
 etourdi77

Joined: 7/7/2009
Msg: 50
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Fed official says real unemployment rate is 16%, not 9.4.
Posted: 10/1/2009 11:27:12 AM

what was the difference then?
Isn't your side always saying we are in midst of the worst economic crisis since the depression...that is one major difference....several million more people are unemployed.....Our forces in Afghanistan need a strategy(you know the whole Commander and Chief part of being President).....theres as a few more for you....
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