Gibbs now suggesting there will be another unemployment kicker come November after the one tomorrow? :D:D :P:P
Stimulus II? Buying more votes? Trying to energize the base is he?
:rolleyes::rolleyes:

Say, the thought occurs to me, does anyone keep track of how many of those collecting UC benefits are spouses of working adults...and maybe aren't at risk of starvation and eviction?

So what's your suggestion to stimulate the economy? More tax breaks for the wealthy? The only results for that was the wealthy got wealthier, the middle class got poorer, and national debt skyrocketed.

Middle class will likely spend any extra cash, the wealthy are gonna invest it- prolly in BP. Buying BP stock isn't going to stimulate the economy.

*** Get yourself a job! ***
 

Stimulating the economy with MY money (even before I get it) isn't too hot of an idea...but it's happening.

Quit dishing out the cash to every hand out there. Nobody EARNED 52+ weeks of Unemployment Benefits...the phrase itself is "Benefits" - not "Rights" - so use 'em and when the time comes, you lose 'em. Then, it sucks to be you if you're too lazy to get off your arse and do SOMETHING other than sit on it and *****.

BTW, American businesses get taxed for UC Bennies...ask ANYONE THAT OWNES A BUSINESS...they get taxed higher rates for laying off employees...it's called Unemployment Insurance. More money taken from the coffers of THOSE that WORK to subsidize those that won't.

If the basement is flooding, why stand in the rising waters and cry like a baby? Get up the stairs and dry out. Nobody is forcing anyone to stay where they're not wanted. Move and get a job.

But, if you stand around and wait for Uncle Sam to pay you for doing nothing, where's the reward?

If I lost my job today, I guarantee you I'm not above going into the first place that needs a dishwasher and start scraping plates and rinsing 'em off. I've done it in the past and even though I've said many years ago I'd never do that again, with age, you look at what you HAVE to do to keep some dignity within yourself and you go do it. I've shoveled 5hit and picked rocks and if the job is there, and I need one, I'll damn well do it.

But, I'm tired of getting my paycheck at the end of the two period and when I consider the amount of time I've spent cleaning, picking and tossing, and I look at that column that says "FICA" and "FEDWTHLD" - I'm about ready to grab some lame-ass around the throat and throttle him off the public-dole.

And, if that means that there are at least 41 Congressmen that have the nads to shut off the money-spigot for dumbasses, then maybe it's time to toss out a baby or three with the bathwater...besides, I think that tub of water has too many "Baby Ruths" floating in it and I'm sure the baby wasn't an American anyways.

Good riddance.

On the other hand, Time reports "panic" among democrats.


"Under pressure, the Democrats are cracking. On both ends of Pennsylvania Avenue, there is a realization that Nancy Pelosi's hold on the speakership is in true jeopardy; that losing control of the Senate is not out of the question; and that time, once the Democrats' best friend, is now their mortal enemy

Read more: http://www.time.com/time/politics/article/0,8599,2004646,00.html#ixzz0uAlEyyFH

Of course that could be misinformation designed to lull repubs into a false sense of security.....

One can only hope you lose your job tomorrow. Then come back and tell me you wouldn't apply for UC benefits because your too proud to stand in line with the millions of other Americans looking for work. Talking trash is cheap until you're the one outta work, struggling to pay the bills, and realize the illegals have cornered the dish scrapping job market. Se habla espanol?

These kind of poles are pretty worthless IMHO. Who ever thinks the pres is doing all he can?

The only time it really matters is when they put another choice out there and we have to choose.

There is also the chance that Clinton is the cause of the current economic crisis. One of his appointies, tried to get some reforms on the derivative markets. There were a bunch of Bankers in the oval office the next day. Tim Geithner and Brenenke stonewalled her, as did a bunch of Congress. Yeh, people were making money, don't rock the boat.
I wouldn't pin this economic crissis on any one President, though. Since the late 60's, foreign competition has grown. I don't think the US plays on an even level. Many of the advantages given to other countries are still on the books from after WW2.
There are a lot of subsities out there. I think there might be one for Mohair. It was important during WW2, to line fighter pilot helmuts. I think we have other materials that do a better job now.
I don't diagree with a stimulus package. I disagree how it was doled out. To much was given to the banks, and not enough to create jobs at the lower level. I do see a lot of road work in my area. Still, there is always some amount of road work being done.
Now BHO has a set of economic advisors, Tim Geithner and Brenenke. Names sound familar?
Tom

Extending unemployment benefits for another 36 weeks will add just as many jobs as the current 99 week period has...ZEEERO.

Unemployment benefits don't "stimulate" the economy. Increasing the numbers and dollars of private sector payrolls will do that. Employers (business owners and managers) will hire more employees when it makes financial sense to do so. Until then, it'll be a very slow jobs recovery. And many of these middle class jobs are gone forever. :o

Thirteen trillion and counting..... and a current 10 year budget projection of adding another 10 trillion. That might be why people are not spending and are hanging on th their money or paying off their bar tabs left over from the last decade.

........The National Association for Business Economics survey said the number of businesses hiring jumped to 31% from 6% at the same time last year, and is up from 22% of those surveyed at the end of the first quarter. Goods-producing companies are doing most of the hiring, with the services sector continuing to expect layoffs, the survey said.

The survey also said 39% of businesses who responded expect to hire in the next six months — the most since January 2008. Manufacturers reported the strongest increase in demand and profitability. Finance, insurance and real estate sectors saw the slowest growth..............


The number of companies reporting layoffs and job cuts through attrition is down by half from a year ago and about steady with the first quarter of this year, NABE found.

The service sector remains a victim of weak consumer confidence. A volatile stock market, 9.5% unemployment rate, lackluster wage gains and a stalled housing market caused shoppers to clamp down on their spending in May and June. An economic report released Friday showed that consumer confidence fell in July to its lowest point in nearly a year............

http://www.usatoday.com/money/economy/2010-07-19-economy-outlook_N.htm

I don't blame the current President for the economic crisis, anymore than I blame Bush for it.

What I do blame the President for, and it is his fully to bear, is that he has been doing exactly the wrong things. We are in the "summer of recovery", and he celebrates this by illustrating with 3 unemployed people exactly how well goes his recovery. Remember the promise that unemployment would not exceed 8 %?
He has done much that stifles the US business engine--his economic theories are faulty--he needs to reverse course, but he never will.
The electorate will post their evaluation of his handling of the economy in November.

What would be exactly the right things for the president to do?

He's in uncharted waters, the likes of which haven't been seen before. No one knows the answer, but it can't be painless. And that becomes more and more a valid criticism of the president. Just what does he want to do and where does he want to go? He has not shared his game plan with us, if he has one.

The G20 leaders were united in their desire toward reigning in debt last month. All except one. Guess who?

I think Time is the one panicking. Their day is over. A story like this gets them something they need badly: relevancy and attention.

Sure, it is a tough political environment for the Democrats, but the GOP is helping out - they have gone so far to the right, they are literally falling off the table. And then, we have old George Bush, who is going to release his lie-filled autobiography just in time for the election and just in time to remind the electorate why they hate Republicans. I also think polling in general might be skewed because so many likely Democratic voters have cell phones and no land lines now, we could be seeing a repeat of the 1948 election. My personal feeling is that the Democrats will retain their majorities, by a slimmer margin.

We had eight years of totally unfettered, corrupt anarcho-capitalism run by a government that serves the very rich, instead of the common peple. Every few decades, we all get scammed by this crap -what they call 'conservatism' is really a form of anarchy, it is a radical view of how markets should operate, as radical as communism, this time it was packaged to us as "neo-conism" - the newest name for anarcho-capitalism. Governments are meant to be referees, to keep the system fair for everyone. The far-right worldview denies this reality and seeks to destroy all government involvement in the market place. Like any game without a referee, the markets eventually collapse under the weight of fraud and thievery. Nothing new, we learn this every few generations or so - anarcho-capitalism, the unregulated market, only makes the rich richer, and destroys everything else.

The collapse of our economy is pretty simple really. George Bush, as head of the executive branch, deregulated the economy, a long time dream of right wing ideologues, by appointing foxes to run every regulatory hen house in government. For eight years, banks and investment houses engaged in reckless schemes, creating insane new investment vehicles that were then rated by the various bond rating agencies as "not insane" while Bush's SEC, headed by Big Foxy Chris Cox, looked the other way. They bundled mortgages by the thousands together, and then sold various side bets on them in the form of derivatives and credit default swaps, and the SEC never batted an eye. The problem was, most of the mortgages were adjustable rate con jobs, and when the ARMS adjusted upward, millions of home owners became upside down in their mortgages, which caused a problem for the owners of the mortgage securities - namely, how the hell did they know exactly what their security was worth ? So they started dumping them. At the same time, the big investment banks, who knew they were selling crap and had been smart enough to buy credit insurance on this pile of $hit, began to call in their insurance policies, leading to the collapse of AIG. Firms that were not as well hedged, Bear Stearns, Lehman Brothers, a number of big investment banks, collapsed next. From there, it was all just a house of cards, as the stock market collapsed and the bail outs began, investors began a mass conversion of assets into cash, and have been sitting on the sidelines ever since.

We have all been the victims of a massive fraud. The aim is to redistribute the wealth. For most of the last century, the largest holder of private wealth in the world was the US middle class. During the Bush years, we watched the wealthy finance a war to guarantee their access to Iraq's oil by saddling this middle class with the cost. We then watched them increase their short-term profits astronomically by screwing working people in this country out of their jobs under the banner of "free trade". We have stood by while they fattened their fortunes by again borrowing a massive amount of money from our grandchildren, which they then distributed amongst themselves as phony "tax cuts" - deficit spending used as a wealth re-distribution mechanism. We stood by as they created an enormous international Ponzi Con out of credit deriavitives backed by shaky mortgages, and then stuck us with the bill.

But the single greatest act that stands as the beginning of our downfall was the utter evil of invading Iraq, and turning our budget surplus into a deficit in the process. As Tom Ricks put it in his forward to the book "Fiasco", the invasion of Iraq will be seen by future historians as the most profligate act in American history. The wages of that sin is what we are earning today. The budget surpluses of a decade, what was essentially our national kid's college fund, was gambled and lost in the sands of Iraq, and then the rest of the family belongings went into the Chinese pawn shop to pay for tax cuts for the richest, and then what was left in the cupboard was pissed away in an attempt to salvage a destroyed economy - an economy destroyed by anarcho-capitalism. We sowed. Now we reap. Blame Obama all you want, history will see the simplicity of it all: the Presidency of George Bush destroyed this country.

This sounds about right to me.;)