And you are so afraid of Obama

[NeverMind]

The nut cases that supported Bush all these years. Congratulations.

November: Most jobs lost in 34 years

http://money.cnn.com/2008/12/05/news/eco.../index.htm

[mattkime]

Is it
a) Clinton's Fault
b) Obama's Fault

[OWC Jamie]

Who do you blame for the previous 7 years and 10 months of higher employment on ?

[kj]

I'm kind of sick of blaming politicians for everything. As a country, we don't work hard enough, and we spend too dam much. It's our fault we're sucking schist. kj.

[SDGuy]

So, the business cycle happens again.

Historic US Unemployment Rates

http://data.bls.gov/PDQ/servlet/SurveyOu...st_numbers&series_id=LNU04000000&years_option=all_years&periods_option=specific_periods&periods=Annual+Data

Wake me up if we get past 8% - then I'll be worried, otherwise been there, done that.
Every time there's a downturn of any sort, the doomsayers come out, thinking it's the end of the world. I well remember the rhetoric Bill Clinton used when he was first elected, something to the effect that we were in "the worst economy since the Great Depression". The early 1990s turned out to be a very mild, fairly shortlived recession. Now we're hearing the same kind of rhetoric all over again. At some point, you learn to tune out the boy who keeps crying wolf.

[rgG]

This mess was caused by greed, from the borrowers/consumers and the lenders. It was exacerbated by lack of oversight by the government, both parties, and keeping interest rates artificially low for too long. We are now paying the price for these mistakes.

I think this recession will deepen and that unemployment may indeed reach into or near double digits. I hope that it doesn't and that things improve more quickly, but this is a worldwide problem, and the whole world, or at least the developed countries, were living well beyond their means for quite a long time. The party has come to a crashing halt and now we are all suffering one hell of a hang over, even those of us who didn't take one little drink from the trough.

[MacGurl]

Yeah - it's been a "community effort" of a global scale to bring this all on. Thank goodness one man can't make this all happen himself - that would be a scary specter indeed.

[Filliam H. Muffman]

SDGuy wrote:
Wake me up if we get past 8% - then I'll be worried, otherwise been there, done that.

Set your alarm clock for six months.

[Black Landlord]

SDGuy wrote:
So, the business cycle happens again.

Historic US Unemployment Rates

http://data.bls.gov/PDQ/servlet/SurveyOu...st_numbers&series_id=LNU04000000&years_option=all_years&periods_option=specific_periods&periods=Annual+Data

Wake me up if we get past 8% - then I'll be worried, otherwise been there, done that.
Every time there's a downturn of any sort, the doomsayers come out, thinking it's the end of the world. I well remember the rhetoric Bill Clinton used when he was first elected, something to the effect that we were in "the worst economy since the Great Depression". The early 1990s turned out to be a very mild, fairly shortlived recession. Now we're hearing the same kind of rhetoric all over again. At some point, you learn to tune out the boy who keeps crying wolf.

And yet, in my informal poll of patients who are old enough to remember the great depression and together enough to carry a conversation, 100% still answer "yes" to whether we're heading back into a similar time.

[mattkime]

>>And yet, in my informal poll of patients who are old enough to remember the great depression and together enough to carry a conversation, 100% still answer "yes" to whether we're heading back into a similar time.

Thats just nostalgia.

Also, they want an excuse to show off their ninja level hoarding skillz.