USA March Unemployment, Disaster. Lowest worker rate since 1979!

reply to post by xedocodex

No, I was simply replying to you pointing out that if you have bought anything on credit or loan at any time of your life...then you have "printed money" for yourself just the same the government is.

Have you ever bought anything on credit? If so, aren't you being a little hypocritical?

The only thing I have ever bought on credit was my car. I was forced to do it. I didn't have cash to lay down to buy a car outright, so I was left with little choice in the matter. If that makes me a hypocrite, so be it.

And where do you come up with the idea that the government is doing this on an "unprecedented scale"??? The government has always been in debt, in the global system we are operating in...it is good to carry debt if you think you can borrow money at a lower rate than the value of your assets will increase. This is how almost all businesses operate...the government is no different.

What you are describing is exactly what is wrong with our system. You are in debt. So you can borrow more. So you can be in more debt.

Makes perfect sense.

I choose not to live beyond my means. There are a million ways to save money and cut the fat in order to stay within your budget. Don't have the money to buy that fancy new gadget? Save up your money until you can buy it outright. Low on cash at the moment? Shop the discount grocery store and buy on sale. Grow your own food. Get back to basics. Learn what is really important (I'll give you a clue, its not money and its certainly not stuff). You do not need a fancy house or car(s), or the new iPhone, or satellite tv, or name brand this and that and the other thing.

The sooner people realize those things, the better off they will be. It seems to me that most are more concerned with appearances than with what is actually important in life and that saddens me.

This little game going on between the Fed and our government, is irresponsible and idiotic, and if they aren't careful in keeping up their charade, we might all end up paying the price.

Originally posted by beezzer
reply to post by xedocodex

 

Originally posted by xedocodex


Nope...I'm quite happy with where Obama has brought the economy.

THAT is what is sad.

You are free to have your opinion.

However I do believe I'll be on the right side of history, and the Tea Party type loons will be looked back upon as the backwards people they are with irrational hate towards someone who just happens to be the first black president. Go ahead, cry about the race card...but the coincidence is just too much to be ignored.

Originally posted by xedocodex

Originally posted by beezzer
reply to post by xedocodex

 

Originally posted by xedocodex


Nope...I'm quite happy with where Obama has brought the economy.

THAT is what is sad.

You are free to have your opinion.

However I do believe I'll be on the right side of history, and the Tea Party type loons will be looked back upon as the backwards people they are with irrational hate towards someone who just happens to be the first black president. Go ahead, cry about the race card...but the coincidence is just too much to be ignored.

the only one bringing up the fact that he is black is you and you just did it. this OP has nothing to do with Obama or Bush in the first place.

I dont know why people focus on race all the time. Who cares. your life should be built on Merit.

reply to post by xedocodex


Oh please. Call me racist!

I get a kick every time some prog does that!

Originally posted by xedocodex

Originally posted by beezzer
reply to post by xedocodex

 

Originally posted by xedocodex


Nope...I'm quite happy with where Obama has brought the economy.

THAT is what is sad.

You are free to have your opinion.

However I do believe I'll be on the right side of history, and the Tea Party type loons will be looked back upon as the backwards people they are with irrational hate towards someone who just happens to be the first black president. Go ahead, cry about the race card...but the coincidence is just too much to be ignored.

What does his race have to do with anything?

I can find about a thousand other reasons to not like the man and not one of them has anything at all to do with his skin color.

It was a nice deflection though. Why don't we try to stay on topic, hmm?

While the sheep rabble rabble for war that broad flushing sound in the background of global economic collapse is just getting louder, IMO.

reply to post by daryllyn

The only thing I have ever bought on credit was my car. I was forced to do it. I didn't have cash to lay down to buy a car outright, so I was left with little choice in the matter. If that makes me a hypocrite, so be it.

It only makes you a hypocrite if you want to continue to say that all credit (read DEBT) is bad.

I'm not here to judge you, but why did you NEED a car? Millions of people get by without owning a car. It was a choice by you, you didn't have the money so in effect you "printed" some and bought what you wanted/needed. It is no different than what the government does it...but somehow it was ok for you to do it.

What you are describing is exactly what is wrong with our system. You are in debt. So you can borrow more. So you can be in more debt.

Makes perfect sense.

It does if you understand monetary policy and interest rates.

And not all debt is the same, the biggest problem with the "debt clock" is that it doesn't show when that debt was incurred. If the US has a debt to say England from 50 years ago at a 0% interest rate...the actual dollar amount does not accurately show the purchasing power the US got from that borrowed money.

I choose not to live beyond my means. There are a million ways to save money and cut the fat in order to stay within your budget. Don't have the money to buy that fancy new gadget? Save up your money until you can buy it outright. Low on cash at the moment? Shop the discount grocery store and buy on sale. Grow your own food. Get back to basics. Learn what is really important (I'll give you a clue, its not money and its certainly not stuff). You do not need a fancy house or car(s), or the new iPhone, or satellite tv, or name brand this and that and the other thing.

I agree.

But that doesn't mean that debt is bad. Forgive me for assuming, but I am going to guess you are not wealthy. Debt to someone who is not wealthy is usually a very bad thing. Debt to someone that has some extra money is more of an investment if it is smart debt.

The sooner people realize those things, the better off they will be. It seems to me that most are more concerned with appearances than with what is actually important in life and that saddens me.

If you want to be stuck as a wage slave and never rise out of living pay check to pay check...that is your choice. But in order to elevate yourself and start to make money, you need to start to learn how to leverage debt to make money.

This little game going on between the Fed and our government, is irresponsible and idiotic, and if they aren't careful in keeping up their charade, we might all end up paying the price.

Again, only people that don't understand leveraging debt will think this is irresponsible.


I'm about to buy some apartment complexes. I could buy them outright...but I don't want to. I don't want to give up my liquid assets right now because interest rates are so very low. And I can also purchase more of them on credit than I could buy outright. So I know that I can get a loan to buy these apartment complexes and that the profit I make on them will pay the mortgage and also leave a little left over. I will also pay extra on the payments out of my other income. In 5-10 years, the loan will be paid off, I'll have no debt, I will own more apartments than I could have just buying them outright, and I still have my cash in case I need it for any unforseen issues.

I have almost zero concern about this debt I'm about to incur. For you or anyone else to say that it is wrong to take on debt is just silly.

I really don't think those of you that are so adverse to debt don't really have any business sense at all. Business is run on debt...profit is almost always a result of earlier debt.

reply to post by daryllyn

What does his race have to do with anything?

Oh, that?
His race is the fallback for his apologists whenever their BS gets spread too thin.

Backed into a corner, they play the race card.

In this case, the apologist has to try and make the economy look like the greatest thing ever.
Well, that's a pretty tough job, to be sure.... So, out comes the race card!

reply to post by camaro68ss

the only one bringing up the fact that he is black is you and you just did it. this OP has nothing to do with Obama or Bush in the first place.

I dont know why people focus on race all the time. Who cares. your life should be built on Merit.

He had a baseless opinion of me...and I shared my opinion of those of you that have this fake outrage over things that have been happening for a long time.

I don't care if you don't like it...it is my opinion.

reply to post by daryllyn

I can find about a thousand other reasons to not like the man and not one of them has anything at all to do with his skin color.

If you can find a thousand reasons that are unique to Obama and haven't been done by every other President...be my guest.

However, when an entire group (of almost all old white people) starts to protest a President the 3rd month he is in office and calling him a socialist and a destroyer of America...before he has even enacted any significant legislation...most logical people turn and look to see what would cause such fake outrage.

And there is one striking difference between Obama and all the other Presidents. It doesn't take a genius to make the connection.

You don't have to like my opinion, I'm not asking you to. You can deny it if you want, but Obama was never given a chance by the mostly all white "Tea Party" and those that are irrationally hateful towards Obama.

reply to post by butcherguy

Oh, that?
His race is the fallback for his apologists whenever their BS gets spread too thin.

Backed into a corner, they play the race card.

In this case, the apologist has to try and make the economy look like the greatest thing ever.
Well, that's a pretty tough job, to be sure.... So, out comes the race card!

I have no problem making my case...none of you have made a dent in anything I have said. Debt is bad...but you all participate in it...so only government debt is bad...well it wasn't up until we had a black president...now it is.

Like I said, I could care less about if you like my opinion or not...and this part is my opinion.

Everything else I have said is just historical fact...Obama turned around an economy that was in a nose dive.

Originally posted by xedocodex

Originally posted by beezzer
reply to post by camaro68ss

 

7.6% is the new normal for unemployment.

Remember when it was 4%?

Not anymore. Don't expect it to go down for years, thanks to Obama!

Oh yes, I remember when it was 4%...that was when Clinton was President

And you can continue to lie to yourself and pretend that the largest spike of unemployment wasn't under Bush...that is fine. Bush inherited a 4.2% unemployment rate and handed Obama a 7.8% unemployment rate. Obama had to endure rising unemployment the first 9 months of his Presidency due to Bush's economy. After 9 months he finally stopped the bleeding and it has been a slow but steady decline since.

But yes...keep blaming Obama for Bush's problems that occured before Obama was in office.

Hey, look.

I've been unemployed for almost a year now. I've never been on UI; I just really couldn't do that even though I probably qualify. So, I should probably be included in that Unemployment % number, but like so many others, I have given up because the wages are so low.

There are many like me out there, and that is something that isn't reflected in the numbers, for sure.

Originally posted by butcherguy
reply to post by xedocodex

 

Give it up people...History will show that Obama pulled this country out of a nose dive...that is just historic fact.

Yeppers, we're doing really well!

Thanks to your Emperor Obama.

right....because Obama can just wave his hand and make everything better...why don't you insist that the lazy-assed republican congressmen work on a jobs bill, as much as they work trying to lower personal income taxes for the top 1%

reply to post by xedocodex

If you can find a thousand reasons that are unique to Obama and haven't been done by every other President...be my guest.

Yes, in order to dislike Obama, all the reasons have to be unique to him.....

No generic dislikes allowed???

Why is that?

Is it because he is black?

reply to post by watchesfromwall

Hey, look.

I've been unemployed for almost a year now. I've never been on UI; I just really couldn't do that even though I probably qualify. So, I should probably be included in that Unemployment % number, but like so many others, I have given up because the wages are so low.

There are many like me out there, and that is something that isn't reflected in the numbers, for sure.

You don't have to be on UI to be included in the unemployment numbers.

If you have "given up", then you are not part of the labor force. You are CHOOSING not to work because you don't like the wages being offered to your level of skill. That is YOUR problem, not the economies...improve your skillset if you want a better wage.

Originally posted by butcherguy
reply to post by xedocodex

 

If you can find a thousand reasons that are unique to Obama and haven't been done by every other President...be my guest.

Yes, in order to dislike Obama, all the reasons have to be unique to him.....

No generic dislikes allowed???

Why is that?

Is it because he is black?

So you aren't going to even try...gotcha.

Originally posted by jimmyx

Originally posted by butcherguy
reply to post by xedocodex

 

Give it up people...History will show that Obama pulled this country out of a nose dive...that is just historic fact.

Yeppers, we're doing really well!

Thanks to your Emperor Obama.

right....because Obama can just wave his hand and make everything better...why don't you insist that the lazy-assed republican congressmen work on a jobs bill, as much as they work trying to lower personal income taxes for the top 1%

Go back to history class jimmy.

What did the Congress look like for the first two years that Obama was in office?

Originally posted by xedocodex

Originally posted by butcherguy
reply to post by xedocodex

 

If you can find a thousand reasons that are unique to Obama and haven't been done by every other President...be my guest.

Yes, in order to dislike Obama, all the reasons have to be unique to him.....

No generic dislikes allowed???

Why is that?

Is it because he is black?

So you aren't going to even try...gotcha.

How so?
I am not the one claiming a thousand dislikes.

HOW ABOUT ADDRESSING THE ACTUAL QUESTION!
Why does a person have to find reasons that are unique to Obama to dislike him?
Do you have an answer? Or just some more pretend BS..... where you blame me for not trying, when it is you that won't bother, because you have no answer.

Originally posted by jimmyx

Originally posted by butcherguy
reply to post by xedocodex

 

Give it up people...History will show that Obama pulled this country out of a nose dive...that is just historic fact.

Yeppers, we're doing really well!

Thanks to your Emperor Obama.

right....because Obama can just wave his hand and make everything better...why don't you insist that the lazy-assed republican congressmen work on a jobs bill, as much as they work trying to lower personal income taxes for the top 1%

A jobs bill would require more debt, more spending. Job bills are quick fixes. and will not fix the underlining problems we have.

Originally posted by camaro68ss

Originally posted by xedocodex
reply to post by beezzer

 

5 years.

5 years and you are still blaming Bush.

Before, it was lame and pathetic when you progs did that.

Now it's just sad.

Nope...I'm quite happy with where Obama has brought the economy.

But no amount of time will change the fact that Bush tanked the economy in his last few years of his Presidency. It can be 50 years and that fact will remain unchanged.

Obama was passed crap on a plate from Bush...and he managed to turn it around. The question is, how long will it take for you to acknowledge the fact that Obama saved the economy??? Your kids or grandkids will learn this fact in school...are you going to tell them it's all a lie???

yes, its a lie, expanding the nations "credit card" to make everything look "normal" at a record pace is not how you fix the economy. Not saying it was all obamas fault, but having close to 17 trillion in debt and 118 trillion in unfunded Liabilities, Obama will be know as the last President that could have stopped this train wreck and didn’t

Obama slowed down the train to some extent. As to the credit cards, I know a lady, hard working and now gainfully employed (very much so), who had to resort to her credit hard to take care of her sick kid. She ran quite a bit of debt. Ultimately the kid recovered and so did her credit. And then her life in general. Had she chosen otherwise, who knows.