Comments on: August Saw More Job Losses http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/ Politics, Sports and Pop Culture Tue, 14 Feb 2012 17:07:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Eric http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/#comment-66965 Eric Thu, 03 Sep 2009 15:01:49 +0000 http://www.fitsnews.com/?p=28551#comment-66965 It's funny how everyone changes what the bailouts were meant to do. When they were first presented the people in favor of the bill were saying, "Oh my God! The economy is exploding the government MUST do something. Doing something even if it screws up everything is better than doing nothing. I can't say I was part of something and I chose to do nothing." Now a year later we are in a worse position than we were before the bailouts. If we had allowed the bubbles to pop naturally we could already be on our road to recovery. Instead we are on our way to a lost decade much like Japan. Actually, since 1999 we aren't much better. Also, inflation hides the true performance of the stock market. For instance, you would think Zimbabwe has the best public companies in the world. With Ben Bernanke cranking out fiat money left and right I can assure you we are dealing with inflation right now. It’s funny how everyone changes what the bailouts were meant to do. When they were first presented the people in favor of the bill were saying, “Oh my God! The economy is exploding the government MUST do something. Doing something even if it screws up everything is better than doing nothing. I can’t say I was part of something and I chose to do nothing.”

Now a year later we are in a worse position than we were before the bailouts. If we had allowed the bubbles to pop naturally we could already be on our road to recovery. Instead we are on our way to a lost decade much like Japan. Actually, since 1999 we aren’t much better.

Also, inflation hides the true performance of the stock market. For instance, you would think Zimbabwe has the best public companies in the world. With Ben Bernanke cranking out fiat money left and right I can assure you we are dealing with inflation right now.

]]> By: BC http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/#comment-66939 BC Thu, 03 Sep 2009 11:53:27 +0000 http://www.fitsnews.com/?p=28551#comment-66939 The nation's unemployment rate is a post measure and it will lag in all measures used to determine recovery. Also note, there is always a 4 to 5% consistent of unemployment at anytime in the nation. The affects of the American Recovery and Reinvestment Act is almost like a slow drip merely infusing cash at certain points to drive the economy to rally. It is not an end all be all. It is not intended to solve or fix the economy by itself! It is not a brain child of President Obama but actually a recommendation of top economist to help jolt the economy which it is doing. While the stock market has experienced marginal ups and downs it is mostly rallied these last few months. STOP BEING HATERS! No one start throwing the flag on President Bush until early 2008 within his own party. President Obama has only been "on the job" for 7 going on 8 months and should be given a reasonable amount of time to get the job done! The nation’s unemployment rate is a post measure and it will lag in all measures used to determine recovery. Also note, there is always a 4 to 5% consistent of unemployment at anytime in the nation. The affects of the American Recovery and Reinvestment Act is almost like a slow drip merely infusing cash at certain points to drive the economy to rally. It is not an end all be all. It is not intended to solve or fix the economy by itself! It is not a brain child of President Obama but actually a recommendation of top economist to help jolt the economy which it is doing. While the stock market has experienced marginal ups and downs it is mostly rallied these last few months. STOP BEING HATERS! No one start throwing the flag on President Bush until early 2008 within his own party. President Obama has only been “on the job” for 7 going on 8 months and should be given a reasonable amount of time to get the job done!

]]> By: rick http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/#comment-66937 rick Thu, 03 Sep 2009 10:52:22 +0000 http://www.fitsnews.com/?p=28551#comment-66937 In order to give it time....you first have to do something....and giving money to AIG ain't doing something. In order to give it time….you first have to do something….and giving money to AIG ain’t doing something.

]]> By: Eric http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/#comment-66882 Eric Wed, 02 Sep 2009 22:22:22 +0000 http://www.fitsnews.com/?p=28551#comment-66882 Rick. As a liberal would say, "Obama never said it would work immediately - give it more time." Rick. As a liberal would say, “Obama never said it would work immediately – give it more time.”

]]> By: rick http://www.fitsnews.com/2009/09/02/august-saw-more-job-losses/#comment-66837 rick Wed, 02 Sep 2009 18:42:45 +0000 http://www.fitsnews.com/?p=28551#comment-66837 No Shit!!!!! What did you expect? You see anything this administration has done to create jobs? No Shit!!!!! What did you expect? You see anything this administration has done to create jobs?

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