Finger-pointing on jobs report

Once again, the Dumbocrats show they are clueless. Dingy Harry "the war is lost" Reid trots out the same ole, same ole. Baronness Nancy Peloooozi does likewise.
This country saw nearly six years of economic growth, unemployment that fell into the low to mid 4s and low inflation.
No doubt, the economy is in the midst of a setback. But what do we hear from the Dumbocrats about how to get the economy rolling again? Destroy Corporate America. Edwards says he will dismantle and destroy Corporate America if elected president. The Queen B says she is going "to take all the profits of the oil companies." Obama looks to make the U.S. into Venezuala-light. Pelooozi and Dingy Harry want to increase taxes, enact greater inheritence taxes, etc. All of those philosophies will do nothing but set back the U.S. economy even further.
Countries that cut corporate taxes as well as individual taxes are seeing economic growth. The U.S. has the second highest tax rate on corporations. Corporations hire people, hire middle class workers, offer health care and offer 401k programs.
It's funny, the Queen B wants all Americans to have a 401k plan. Yet, she is against Social Security reform that would allow U.S. citizens to do just that with their Social Security taxes.
The Democrats offer nothing to help the U.S. economy, but everything to hurt it. Typical.

Today, people don't how lucky they are. When I bought my first house, Jimma Carter was president, and the going interest rate was 12.99% and un-employment was at 10-12%!
And don't believe the dem gloom and doomers...96% of homeowners pay their mortgage on time.

We're lucky President Reagan came along and showed dems that tax cuts spur the economy and create wealth.

Paulo

Jan 09 can't get here soon enough. Georgie Jr and Darth have gotten thousands of innocent people killed, they've ruined our economy and they've made China very rich in doing so.

All we can do is laugh about it and hope that President Barack Obama can clean up the Repubs mess.
Here's a clip of Bushisms interspersed with HAHAHA Baby video:
http://www.youtube.com/watch?v=Xq956JmU1LE

John D - answer me this:

So the mortgage crises, health insurance, devalue of the US dollar, Toyota overtaking Ford, $100 a barrel and US continual philosophy to concume as much oil/gas as possible enabling the terrorist national providers - are all the Dems fault?

When does the previous 7 years of brilliant Bush policies spur the economy, when I ask, when????

Johnny Tantrum regurgitates tired old inaccurate Repuke talking points. By the way, shouldn't you get the death penalty for parodizing politicians' names. You almost crapped yourself over General Betrayus. Your outraged 0 meter must need a tuneup.

Right on John D!

No one has the right to question corporate america. This country exists solely for the benifit of our corporations and their executives. Nothing else matters except their well being. Certainly not the workers, they exist to be crushed at mangements will. The poor deserve to suffer, they should bow down in thanks if they ever get a job.

We need Republicans in office to continue to fight against the greedy lower classes who want things like food and healthcare. We need strong Republicans like John D, to stand up for the oppressed corporations and corporate officers of america.

Yeah, tax cuts!! That's the ticket!! Why didn't we think of that before!?!

I think this is another "adjustment" as they say about Wall Street and the housing markets and oil prices. As we go along there will be more "adjustments" and we will see the true picture of our economy and where we stand in the world. The smoke is clearing and the mirrors are breaking.

re: "The Democrats offer nothing to help the U.S. economy, but everything to hurt it. Typical." Posted by: John D | January 4, 2008 2:52 PM

John D, when Clinton/Gore and the GOP Congress handed Bush/Cheney the keys to the economy, gas was a buck a gallon!

With Bush/Cheny and a GOP Congress, gas is well over three bucks a gallon, and RISING.

I wouldn't blame the Democrats for the last seven years.
I would join the majority of americans in blaming the Bush/Cheney administration, their Greedy Oil Pompousasses, and their Loyal Bushie Congressmen.

Other than John D. and John Boehner, I truly wonder what percentage of Americans still believe the Republican foolishness?

Every poll shows that Americans are VERY fed up with the Bush policies. Ditto with the Republicans in general. Thankfully, it appears that they haven't learned their lesson yet.

Tax and spend? After what the Republicans did for six years?
The Republicans complain about the horrible policies of the Democrats this week, and then next week they'll complain about this Congress being a do nothing Congress. Hard to have it both ways.
A Republican complaining about lack of bi-partisanship on the part of the Democrats? Please. Can you say Newt or Tom DeLay? Then we get the Republicans in the Senate essentially obstructing EVERY bill that comes into the Senate. Bi-partisanship?
American families and small businesses Mr. Boehner? You mean the BIG corporations, such as the oil companies, that YOU passed tax breaks for? Or are you still too busy passing out checks from the tobacco companies on the House floor?

The only thing that we're missing are more of Boehner's crocodile tears that he is so famous for.

Want to really help middle class America. We should have an amnesty on credit card debt. The most evil invention capitalism has ever spawned. Forgive all debt for everyone. Don't worry about the banks, they'll survive just fine.

It is our nations, "buy now, pay later" obsession that destroys homes and lives.

The current adminstration has had a "buy now, pay later" attitude with just about everything, including war. Only tax increases are going to wipe the disastrous cost of the war.

Unfortunately, nothing can be done about the wasted lives of our brave soldiers.

Just over a year and our 8 year nightmare will be over.

PRESIDENT OBAMA, PLEASE SAVE US!!!

Paulo,

Your lack of even conservative policies is really amazing.

Try looking up Thomas Sowell and his thoughts on Reganomics, or whatever you want to call what happened at that time. You know Sowell? He's one of the current crop of well respected CONSERVATIVE writers.

Essentially all of that is a ruse. Tax cuts can spur a temporary bump in the economy, but they are nothing more than a give away for the rich. Not only can they not be maintained, but in order to work, they absolutely have to be coupled with SPENDING cuts. Neither Reagan or Bush did that.

Even David Stockman admitted this after he had left Washington. That and the stories about the welfare queens driving around in Cadillacs.

Gus,

MOrtgage Crisis - contracts FREELY entered into by buyer and seller, why should the gov't bailout these borrowers/lenders. If the gov't bails them out, will that stop these same types of loans being made in the future. Let the borrowers default. Let the lenders have huge write-offs. The market will correct this.

Dollar Devaluation is not overall good, but it does allow US manufactured goods to be cheaper as compared to overseas manufactuired goods (all other things being equal).

Toyota overtaking Ford - this has been a work in progress for 30 years. Look at inept Ford mgmt and high union costs for your first two culprits. Why is this the Bush's fault? Becuase he was in office? If that's the csse, I need to send him a thank you not for the White Sox winning the WS in 2005.

$100 per barrel of oil - try supply and demand. The President should demand that China and India slow their economies down (demand side of equation). How about more domestic drilling? (supply side of equation). However, I do believe if a dem is elected in November, oil prices will decline since the economy will slow down and the demand will decrease.

The economy has been growing since Dec, 2001 - check you GDP records.

Today, people don't how lucky they are. When I bought my first house, Jimma Carter was president, and the going interest rate was 12.99% and un-employment was at 10-12%!
Paulo

Posted by: Paulo | January 4, 2008 3:13 PM

Paulo,tell us what the National debt was right before Trickle Down "Voodoo" Economics came into power?

Gus, perhaps you've been asleep for most of your life, but in regard to Toyota overtaking Ford, blame Ford or the American people, not Bush. IN reality, the U.S. car companies have been in a freefall for 30 years now. Why? Because they have been behind the times and at one time made inferior products. Their products today are largely just as good as Toyota or Nissan, but the perception and desire of American consumers does not reflect that.
The "mortgage crisis," is not so much a "crisis" as a oroblem. In reality, as Paulo points out, 96 percent of homeowners are paying their mortgages. Again, though, whatever problems there are, are largely those of the American people. Folks either buying ignorant mortgage plans or buying homes out of their price range. In addition, if these folks were in ARMs they could no longer afford, then why did they not refinance into a fix mortgage. 30-year fixed mortgages have largely remained less than 6.5 percent for the past several years and for most of 2007 have been in the 6 to low 6 range, historically LOW mortgage interest rates.
For $100 a barrel of oil, it is natural supply and demand along with speculators who have been running the price up. Also, your party has made it just about difficult for anyone to get at any natural energy resources within the U.S. or its territorial waters.
As far as the U.S. consuming energy, well we are the consumers, you, I and every other American.
The devaluing of the dollar has its good points and its bad points. It does make U.S. products more attractive for trade. But it also can hurt our overall well being. At the moment, it's value is the least of our worries.

And, then we have "corporate AmeriKa," the one who hates the corporate world, which provides many of the jobs we have. I do not profess to let Corporate America run amok, but I also see the value and NEED of letting the business world do its thing, so us folk can have something called JOBS!!

Arbeit macht frei!

Stupid Americans. Expecting wages to keep pace with record corporate profits. You need to keep enjoying that yellow rain of trickle down Republic party economics. What's wrong with sharecropping anyway!

Well, here's GWB's own words:

"We have got a bigger enemy than name callers. This Al Qaeda or people losin' their jobs."

Cons, Repubs, you do know everything this guy says is going to end up in a joke book?

There will be no solution until the name calling stops, we we put our heads together as one and formulate a solution.

Fact: 3 million jobs were lost in the past 3 years due our government's "hands off" policy towards multinational corporations moving jobs overseas. George Bush and Bill Clinton share the blame equally. We should be ashamed of ourselves.
Republicans and Democrats are cut from the same mold and a beholden to the people who fund their campaigns. That is why so many people have checked out of the political system...
Let's take back our country and work to restore our constitution and national interests, which include securing our 6,900 miles of border and looking out for the American worker.

Jimma Carter was president, and the going interest rate was 12.99% and un-employment was at 10-12%!
And don't believe the dem gloom and doomers...96% of homeowners pay their mortgage on time.
_____________________________
There you go again pillow. When economic news is good, pillow says the repubics are responsible. When the news is bad, he blames Clinton and Carter. Can't have it both ways laddie.

So you are saying that the President controls interest rates? Ok so why doesn't your hero just cut rates to .1% and then he'd save us all? Because THE FED'S CONTROL INTEREST RATES! Guess you didn't know that. But that's not surprising, since you only believe what you think. Loser.

"This country saw nearly six years of economic growth, unemployment that fell into the low to mid 4s and low inflation."

Sounds like Crazy John Devola is describing the Clinton years.

John D,
Sorry to see the electo-shock treatments failed.

Next up; full frontal lobotomy.

dogjudge,

52 straight months is a temporary bump????

That's a, a, a, a, almost 5 years....nice try, but that's longer than Jimma Carter was president.....
*THANK-GOD*

Paulo

These so-called "Conservatives" have crappy ideas, they suck at governing, the American people have begun to see through them, yet conservatives won't admit that they're wrong on the issues, wrong in how they govern, and wrong for America and the world.

The conservative movement has been held together by concealing the theocratic element, offering the tax-cutting element as a panacea for everything, and preying on American insularity to trumpet a neoconservative foreign policy that doesn't work but has now been shown to be a fraud, anti-democratic, anti-American, and too unilateralist for the rest of the world to accept or the American electorate to embrace.

They're thinking it's a problem of the candidates or factions other than their own. No, instead this is just the ultimate conflict when you have incompatible elements fully exposed to the American public, and the American public--or two thirds of it, anyway--rejects it. The result, if you're a delusional conservative? You blame it on your politicians, instead of facing up to the fact that the blame goes to the heart of the republican coalition, that wanted something for nothing, to be secretive about their religious and anti-modernist goals, and to try to control the world and instead threatens to weaken us for decades to come

Terry,

Because it's hurting all of us, even the ones that did not enter into the questionable loans.

Anonymous at 4:09, sorry but Clinton/Gore handed over the U.S. to Bush/Cheney, a gallon of gas was not a buck. In fact, in the Spring of 2000, gas surged to over $2 a gallon. Bill Richardson, then Energy Sec, said, and this is a direct quote, "we got caught with our pants down." Gas prices did fall back to about 1.70 a gallon and have since surged, surged because of DEMAND. Pretty simple economics, there, bud. To bring prices down, you either need less demand or more supply or both. That principle is as old as the hills.

It is a bit instructive to recall that unemployment under Bill Clinton ran as high a 7.3 percent. Who da thunk it?

CM,

So if the market hurts us, we need to have the gov't come and bail us out?

Were you complaining when house prices were showing a little "irrational exhuberance"?

C.Morris,

I think the only hope for you is the Lotto.

Paulo

Terry,
I always buy low, sell high. I have owned three homes outright that way.

Paulo,
I don't gamble.

But; The subprime loan disaster that is unfolding is hurting all of us, even the non-participants. What don't you understand in that simple statement?

I believe the S&P performed at a whopping 3 1/2% last year, time to cash in the chips, I guess.

Terry,

I have no intention of selling my house, I don't want a home equity loan. All irrational exuberance brought me was higher property taxes.

John D.--Did your economic classes forget to teach you that supply can be artificially manipulated to benefit the supplier?
You might want to ask the guys at Duke Energy how slick that works.

Paulo--all my kids got college degrees from money invested when interest rates were through the roof during that unfortunate period of stagflation. Sometimes it pays to ride out the storm.

All you people who are crowing about sustained economic growth under Bush suffer from a huge disconnect. Middle- class wages have been grounded for years, the ones benefiting most from the growth were the already wealthy.

BTW, looks like we're headed towards another period of stagflation. The next president is going to inherit $9 trillion in debt, stagflation, high unemployment, an endless war, a broken army and a pissed-off electorate. Why does anyone want this job?

CM,

I do understand your stmt (although I haven't been hurt by it), I just don't understand why its the gov'ts responsibility to bail us out.

dts,

Long-term the stock market will outperform most other investments.

I agree with you on the higer taxes; therefore you should be happy the market is correcting itself so your assessment should go down.

As far as your inheritance list:

I'll agree with you on the debt, not stagflation, unemployment just hit 5% (pretty much what it was during over half of the Clinton Administration), war is winding down this summer according to Gates, a broken Army because it was dismantled in the 90's, and an electorate that is dumber than a box of rocks.

All our favorite wing nuts have chimed in on how great the Boy George economy is/been.

Nary a mention of one little item,like it doesn't exist.

Another 5 trillion in debt to pass on to the next generation.

Like most Repugnants,our little wing nuts can be bought,in this case they got a whopping 300 bucks from Boy George!!!!!!

How much did Rush get?

JD, you make some valid points but it seems to be driven by a loyalty to your party and ideology vrs reality. The "six years of economic growth" went towards the wealthy, not the economy in general. For example, the average 2005 income was 4.2 percent more, in real terms, than in 2004. But this increase was almost entirely at the top. One in 500 taxpayers makes more than $1 million, but those taxpayers reported 58 percent of the total income gain, the I.R.S. report, known as Table 1.4, showed. This nonsense about increased pay and lower taxes did not include the working class. A millionaire enjoyed a tax break of about $50,000 where the 50k worker saw a break of about $20 bucks. You make the claim of not wanting corporations to run amok but that's the problem. The Clinton administration may have kowtowed to them but the Bush/Cheney team took it to an entirely new level, basically selling out the voters. This was backed by a Republican lapdog Congress and Senate and obvious in their legislation. We saw a refusal to raise minimum wage despite overwhelming support of the voters. The bankrupsy change was a $100,000,000,000 purchase from the banks and credit card Co. We saw the Reps shower the oil companies with legislation while refusing to make them accountable for robbing the country. The tort laws were for the insurance companies. Remember when Bush wanted to eliminate overtime? It's no wonder that Americans want the Bush regime to keep their hands off their social security; they can't be trusted. This War on Fear according to Allen Greespan was even driven by money. You claim that the Democrats offer nothing but the fact is, the Republican Senate refuses to let anything pass, filerbusting every legislation, even when they get what they want. Yes, John, we do need jobs but once people becomes slaves to the company store, they rebel. We saw it in Nov. 2006 and we'll see it again in Nov. 2008.

TD,

War winding down? You know the only reason some troops are coming home this spring is because they can't keep 'em out there more than 15 mo. (already extented from 12).
Somr people are on their fourth tour.

Crazy Duck,

Please back up that 5 trillion in debt that supposedly George Bush has racked up.

It wasn't the lack of gov't revenues that caused the deficits, it was the spending.