Bush used the R word today so I guess we officially have a recession...
http://www.foxnews.com/politics/2008/12/05/bush/
http://www.foxnews.com/politics/2008/12/05/bush/
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Bush made it official
- Thread starter LeBuick
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LeBuick said:
And do you agree with the order of events he laid out.
"This is in large part because of severe problems in our housing, credit and financial markets, which have resulted in significant job losses"
Revmitchell said:
No, we've been loosing jobs the last few years which was long before the other problems surfaced. It began with the sucking sound from jobs going overseas and hasn't let up. Then the tax rule that exempted corporations from paying taxes on money earned overseas made it more of a hurricane with jobs leaving.
I will say the recent trouble has started a second waive of job losses. Now the construction industry and their suppliers are impacted. Before it was the technology and manufacturing jobs.
LeBuick said:
Is there anyone else in the world that supports your theory?
Revmitchell said:
Bump...............
ray Marshall
New Member
webdog said:
It's not only with Clinton, but it took years of special planning by the powers that be to get their dreams to at last come to pass. Now Don't act like you don't know anything or even expect anything is wrong in our present time.....But some of you probably will. If not, I apoligize right now.
Not sure why I would need someone to corroborate my insertion when it is supported by facts. Here are the unemployment rates since Bush took office. Now keep something in mind that really skews these numbers, the unemployment figures are a measurement of people who are applying for benefits. They don't include people who have exhausted their benefits so are no longer in these numbers. I got the number here from the labor department.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.2 5.4 5.2 5.1 5.1 5.0 5.0 4.9 5.1 5.0 5.0 4.8
2006 4.7 4.7 4.7 4.7 4.7 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.5 4.6 4.7 4.7 4.7 4.8 4.7 5.0
2008 4.9 4.8 5.1 5.0 5.5 5.5 5.7 6.1 6.1 6.5 6.7
As you can see, the unemployment rates have been going up since 2001. Many American's are so frustrated they've stopped looking for a job since everywhere they go people are downsizing and not hiring.
Offshoring from my memory began about 2002 which was also the year Enron and Worldcom were cooking the books. During all these years, CEO's began making record salaries and bonuses while workers were reduced and reduced and many jobs went out of this country.
Here is a study the government did when offshoring really became a concern
So it was predicted these massive job losses would be a product of offshoring yet nothing was done to stop it.
I repeat, job losses have been on the rise long before this economic crises. Just look at this year alone, we've lost millions of jobs just this year before the economy tanked.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.2 5.4 5.2 5.1 5.1 5.0 5.0 4.9 5.1 5.0 5.0 4.8
2006 4.7 4.7 4.7 4.7 4.7 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.5 4.6 4.7 4.7 4.7 4.8 4.7 5.0
2008 4.9 4.8 5.1 5.0 5.5 5.5 5.7 6.1 6.1 6.5 6.7
As you can see, the unemployment rates have been going up since 2001. Many American's are so frustrated they've stopped looking for a job since everywhere they go people are downsizing and not hiring.
Offshoring from my memory began about 2002 which was also the year Enron and Worldcom were cooking the books. During all these years, CEO's began making record salaries and bonuses while workers were reduced and reduced and many jobs went out of this country.
Here is a study the government did when offshoring really became a concern
So it was predicted these massive job losses would be a product of offshoring yet nothing was done to stop it.
I repeat, job losses have been on the rise long before this economic crises. Just look at this year alone, we've lost millions of jobs just this year before the economy tanked.
LeBuick said:
First, companies can do business any where they like. We are a free country. So it is not anyone's authority to "stop it". Second there are many factors that are included in decisions to do business out side of the country to include less expensive wages, new technology that makes it possible etc. Trying to put this all on tax incentives and the President is a clear misrepresentation. I am just going by your source.
Revmitchell said:
I agree in theory, but when the government incents companies to send jobs overseas, that is treason against the people...
http://maloney.house.gov/index.php?option=com_content&task=view&id=213&Itemid=61
The main Bill that created the sucking of jobs was H.R. 4520 which was ironically named of American Jobs Creation Act Of 2004.
http://transcripts.cnn.com/TRANSCRIPTS/0402/17/ldt.00.html
You see, the Republican's not only encouraged jobs to move overseas, they thought it would be good for the economy. I think they got that wrong.
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