with this sort of national unemployment percentage 10.3 = 500,000 every month and every 5 / 6 weeks extending the unemployment insurance 30 weeks more or so, than dropping the count of all those on extensions, as if they dont still collect and are no longer counted in the totals you would think it would be better, but its not

The WH said it would never go over 8.5% if they passed the stimaliss, does anybody have a good answer except its bushes fault i would like to hear it

and i dont think it looks good

Your constant griping about Obama is getting old.

Better get used to it. We're just getting warmed up....

__________________
Palangi

2004 C240 Wagon 203.261 Baby Benz
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TRUMP .......... WHITEHOUSE
HILLARY .........JAILHOUSE
BERNIE .......... NUTHOUSE
0BAMA .......... OUTHOUSE

its the state of america i am concerned about

I think we're all concerned about the state of our country. But our problems did not start in January. I must have missed your concerned posts before then.

i believe you ment did not start and to that end i agree but its also the direction we are or seem to be going that has me concerned

printing money with no for thought

making closed door deals

passing stuff no one has read

we all must have pause

Thanks for picking up my mis-statement. It has been corrected.

Your concerns are well founded. You should have made them known 25 years ago.

Ronald was the president than, 1986 after carter < Os mirror and he was the only one who has had the the ability to actually fix what was wrong with America at that time

Reagan cut taxes but didn't cut spending. He started us on the road we're on now. His tax/borrow plan cost GHW Bush the election in 1992 because Bush 41 foolishly boasted "Read my lips, no new taxes"; then had to raise taxes to keep the g'ment running.
I voted for Reagan the first time he ran. He fooled me, just like GW Bush fooled many others. I haven't voted for a Republican since, because they're all the same liars.

Unfortunately, the unemployment numbers are likely to get worse before they get better. I don't know where/when this cycle will bottom out, or how long we can continue the Bush/Obama policy of throwing money at the problem without causing inflation. I'm old enough to remember the last significant recession/inflation period in the late 70s/ early 80s, it wasn't pretty. Hopefully, this one will turn around within a couple of years.

Well the 70's-80's stagflation was no fun (I was there) but the depression with prices falling and a strong dollar was worse (from what read) A strong dollar is not the cure all. Think what home prices would have done if the money supply had been decreased vs increased.

The problem is that you can't use an influx of cash to create jobs if you have inflation. Ironically, the current recession actually seems to be helping the dollar (but that's not necessarily a good thing for the recovery). I think the current plan is to dump a bunch of cash into the economy in the short term (before it becomes inflationary) and hope to create a "soft landing." Of course, in the short term this creates a "jobless recovery," much like Reagan's trickle-down economics. The long term problem is that you create a hugh debt and you have to hope the recovery will result in enough growth to take care of the debt. It's a difficult balance.

Slight inflation 3-4% is about ideal. Inflation is a dirty word because many of us lived though the 70's-80's inflation. Few that lived though the 30's deflation are still alive to tell us how bad deflation can be.

I blame 1% of the unemployment on Madoff.

__________________
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"The thing is Bob, its not that I'm lazy...its that I just don't care."

I agree completely, 3-4% is healthy growth. The challenge is to maintain 3-4% while getting out of the recession by adding money to the economy. You can't add too much money over too long a time or you have inflation, Carter/Ford learned that the hard way. Deflation is definitely worse, Hoover learned that the hard way by doing nothing.