Bad Bob Loc: Virginia

jelun

We really have to wonder how these leaders, and I use the term loosely, believe that they can take a state economy that is struggling at poverty level and give it less and expect it to survive.
Righties love to compare government spending to household spending. Using that model, if a head of household decides to tell the boss that he doesn't need as large a paycheck even though the family expenses remain the same how does that help the family?

Randy131 Loc: Florida

It happened when the Republicans passed the 'Contract with America', after winning majority control of the House, for the first time in 44 years, and the Senate, during Bill Clinton's first midterm e******n, which that contract threw 90% of the people that were receiving welfare off the welfare rolls, turned around Bill Clintons dire recession of two years and instituted a tremendous economic boom that Bill Clinton took credit for. Yet you think it won't work today. What it did, it stopped the federal government from having to pay out billions of dollars every month in welfare, and the people who used to receive that money had to go out and get jobs to survive, and as they did, they started paying into the federal government billions of dollars in taxes instead. With this huge amount of more money for the federal government to meet it's bills, it balanced the yearly budget, and the economy started booming, and even though Bill Clinton fought against the Republican controlled US Congress balancing of the budgets, he was the first to take credit for it.

JMHO Loc: Utah

:thumbup: :thumbup: :thumbup: :thumbup: :thumbup:

lpnmajor Loc: Arkansas

Fortunately for them - there WERE jobs to be had. Today? Not so much. As with almost everything, there are two sides to the issue. Needing jobs - jobs to be had and that equation isn't so easily solved.

It would be like saying that the solution to prison over crowding - is for folks to stop committing crimes. Sounds good, looks good on paper - but is hardly actionable. The vast bulk of the jobs added in the last several years have been part-time jobs and even of those, not nearly enough have been created. So, saying " you're off welfare - get a job" sounds good on paper and would be a step in the right direction - if there were enough jobs to be had. There aren't.

The Gov. will simply have to stop spending money it doesn't have - on things we don't need. More F35's isn't the answer. More drones isn't the answer. Congressional pay raises aren't the answer.

jelun

What I know is that your version of events and the way they unfolded is fantasy.
Nice sell, though.

jelun

What people who want to laud those programs that d**gged parents out of the house, placed their children in substandard child care, and rewarded businesses for doing the paperwork necessary to collect cash for putting people to work in minimum wage jobs PT, firing those parents because it was impossible to get to the job, and starting again and collecting MORE FEDERAL MONEY.
http://www.cbpp.org/archives/609wtw.htm

So I guess the message is Welfare Queens bad and Welfare Corps. good.

Randy131 Loc: Florida

Then you don't know much, because that is recent history that I lived through while running my own construction business, and all that lived through that period in the USA know that is the t***h, and as matter of fact, when the Republicans passed the 'Contract with America', 23 separate items passed in less than 30 days, for which the liberal biased media said was a record, for not one campaign promise of even a single item was ever passed before this, in thirty days or less, and Bill Clinton signed 21 of those items into law, and vetoed just two, the partial birth a******n ban, and the right for voluntary prayer in our public schools. If you think this is a fantasy or lies, I challenge you to look up the record and publish what you find about what I have said on this web site. Also, after Bill Clinton signed those 21 items into law, a Democratic Senator came on national TV and said Bill Clinton should be impeached, because the Democrats had the v**es to uphold a P**********l veto, and that Obama should have vetoed all those Republican laws, but Obama just saw a national landslide victory for the Republicans, using this 'Contract with America', and knowing he would be running for re-e******n in less than two years, was afraid to veto what the American people apparently v**ed for, and by the time Clinton's re-e******n came around, those 21 items had turned his first two years of his terrible recession into an economic boom, that put all Americans back to work, but at the time they were not competing with over 22 million i*****l i*******ts. And four years later the Republicans did impeach Obama for lying to a Grand Jury, but Democrats in the Senate saved him by making sure there wasn't enough v**es to convict him of his lie, again no accountability for a Clinton breaking a law that would have seen any common American serving prison time for doing the exact same thing. And that is all the GOD's honest t***h, prove me a liar if you can, with something other than your 'I SAY SO'.

Ricko Loc: Florida

[quote=Randy131]Then you don't know much, because that is recent history that I lived through while running my own construction business, and all that lived through that period in the USA know that is the t***h, and as matter of fact, when the Republicans passed the 'Contract with America', 23 separate items passed in less than 30 days, for which the liberal biased media said was a record, for not one campaign promise of even a single item was ever passed before this, in thirty days or less, and Bill Clinton signed 21 of those items into law, and vetoed just two, the partial birth a******n ban, and the right for voluntary prayer in our public schools. If you think this is a fantasy or lies, I challenge you to look up the record and publish what you find about what I have said on this web site. Also, after Bill Clinton signed those 21 items into law, a Democratic Senator came on national TV and said Bill Clinton should be impeached, because the Democrats had the v**es to uphold a P**********l veto, and that Obama should have vetoed all those Republican laws, but Obama just saw a national landslide victory for the Republicans, using this 'Contract with America', and knowing he would be running for re-e******n in less than two years, was afraid to veto what the American people apparently v**ed for, and by the time Clinton's re-e******n came around, those 21 items had turned his first two years of his terrible recession into an economic boom, that put all Americans back to work, but at the time they were not competing with over 22 million i*****l i*******ts. And four years later the Republicans did impeach Obama for lying to a Grand Jury, but Democrats in the Senate saved him by making sure there wasn't enough v**es to convict him of his lie, again no accountability for a Clinton breaking a law that would have seen any common American serving prison time for doing the exact same thing. And that is all the GOD's honest t***h, prove me a liar if you can, with something other than your 'I SAY SO'.[/

Randy-spot on !!! I challenge any liberal posting here to name one democrat, currently in congress, who has ever advocated for a balanced budget or ever submitted a balanced budget bill/amendment. PS. You obviously meant impeach Clinton vs Obama. The democrats saved him just as they are saving Obama from impeachment.
Good Luck America !!!

jelun

You have an interesting twist on that first post.

jelun

[quote=Ricko][quote=Randy131]Then you don't know much, because that is recent history that I lived through while running my own construction business, and all that lived through that period in the USA know that is the t***h, and as matter of fact, when the Republicans passed the 'Contract with America', 23 separate items passed in less than 30 days, for which the liberal biased media said was a record, for not one campaign promise of even a single item was ever passed before this, in thirty days or less, and Bill Clinton signed 21 of those items into law, and vetoed just two, the partial birth a******n ban, and the right for voluntary prayer in our public schools. If you think this is a fantasy or lies, I challenge you to look up the record and publish what you find about what I have said on this web site. Also, after Bill Clinton signed those 21 items into law, a Democratic Senator came on national TV and said Bill Clinton should be impeached, because the Democrats had the v**es to uphold a P**********l veto, and that Obama should have vetoed all those Republican laws, but Obama just saw a national landslide victory for the Republicans, using this 'Contract with America', and knowing he would be running for re-e******n in less than two years, was afraid to veto what the American people apparently v**ed for, and by the time Clinton's re-e******n came around, those 21 items had turned his first two years of his terrible recession into an economic boom, that put all Americans back to work, but at the time they were not competing with over 22 million i*****l i*******ts. And four years later the Republicans did impeach Obama for lying to a Grand Jury, but Democrats in the Senate saved him by making sure there wasn't enough v**es to convict him of his lie, again no accountability for a Clinton breaking a law that would have seen any common American serving prison time for doing the exact same thing. And that is all the GOD's honest t***h, prove me a liar if you can, with something other than your 'I SAY SO'.[/

Randy-spot on !!! I challenge any liberal posting here to name one democrat, currently in congress, who has ever advocated for a balanced budget or ever submitted a balanced budget bill/amendment. PS. You obviously meant impeach Clinton vs Obama. The democrats saved him just as they are saving Obama from impeachment.
Good Luck America !!![/quote]


America doesn't need luck, she just needs to keep electing centrists who lean a bit to the left.

Randy131 Loc: Florida

There weren't any jobs to be had, we were in a two year terrible recession, being caused by the federal government using all the borrowing power in the USA to fund the welfare state, but when the 'Contract with America' destroyed that welfare state by kicking 90% of the people off the welfare and food stamp rolls, that money was no longer needed to be borrowed by the federal government, and when those people searched for jobs, and started finding them, it started bringing more taxes for the federal government, again providing more money that the federal government didn't have to borrow, making much money available for US businesses to borrow, and at lower rates, to expand their businesses and hire even more people, like a snow ball being rolled down hill and growing as it picked up more snow, becoming much larger than when it was started to be rolled downhill. Recently two independent economic reports from different sources have come out: The first stating that all the 'Net Jobs' created in the USA over the last seven years have all gone to immigrants, both legal and illegal; The second from, a different source, stated that all the legal and i*****l i*******ts who have entered the USA the last ten years, number more than twice all the jobs created in the USA over that same ten year time period. The Obama administration reports that there are over 98 million American citizens of working age that are no longer included in the 'US Workforce', over 17 million of them losing their job during the seven years and 5 months of Obama's Presidency, who couldn't find a job in a year, so Obama had them dropped from the 'US Workforce', and then there are also over 9 million American citizens of working age that the Obama administration admits are unemployed, yet still allowed to be kept in the 'US Workforce', and when added to those working aged American citizens who are no longer counted in the 'US Workforce', total over 107 million people of working age in the USA that are unemployed, out of a US population estimated to be about 350 million people, which include those younger than the working age, and those over 65 years old, considered to be over the working age, and yet Obama brags about an 'Unemployment Rate' of just 5.4%, and if you believe that, then your either very naïve and gullible, or very stupid. Obama keeps bragging about all the jobs he has created, yet the percentage of working aged American citizens in the 'US Workforce' is at it's lowest in the last 38 years, all the way back to 1978 when the US population was less than 2/3rds of what the 2010 census tallied to be five years ago. So why can't these over 107 million working aged people find a job that they need so badly, is it because they are all being taken by Obama's and the Democrats i*****l i*******ts, that they consider their future Democratic v**ers that will keep them in power, while the American citizens, their children and grandchildren, are left jobless?

jelun

You seem to be reflecting on the wrong period. Or perhaps your business suffered a downturn that nobody else did. We won't speculate on that.
Please note that the short recession came almost immediately AFTER the full implementation of the Contract AGAINST America.



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Recessions in the US Since the 20th Century and What Caused Them
By Staff on October 3, 2013 Economy 0 comments


Recession is defined as the deterioration of a country’s economic activity for two successive quarters. The United States, although widely considered as an economic power, has not been immune to the scourge of recession. In fact, the nation has experienced a number of economic setbacks since the beginning of the 1900s. Here are the various instances of recession that took place in the US since the start of the 20th century and the reasons why they happened.



The Great Depression

Occurring from August 1929 to March 1933, the Great Depression was regarded to by experts as the worst downturn in the history of the United States. Lasting for a total of 43 months, the GDP declined by a whopping -26.7%, while the unemployment rate skyrocketed to 24.9%. The Great Depression was brought about by these factors: the crash of global stock markets, the collapse of American banks, and the emergence of new and extensive tariffs.

Recession in 1937 to 1938

While it is not as worse as the Great Depression, this 13-month event is considered as one of the most dreadful slumps of the 20th century, given the -18.2% decline in GDP, and the 19% peak unemployment rate. Three reasons are cited for this recession: tight fiscal policy after the New Deal, as a means to balance the budget; the Federal Reserve’s tight monetary policy; and the decline in business profits, resulting to a dwindling in investments.

Recession in 1945



Spanning from February to October 1945, this 8-month period saw a -12.7% decline in GDP, and a 5.2% rate of unemployment. This “end of the war” recession was caused by the t***sition from a battle period economy to a peacetime economy.

Recession in 1949

Although it was a brief and minor downturn, the recession of 1949 caused a minimal -1.7% decrease in GDP and a 7.9% hike in unemployment rate. Economists blame this 11-month spiral on the “Fair Deal” reform of President Harry Truman, as well as tensed government spending.

Recession in 1953

With a -2.6% drop in GDP and a peak unemployment rate of 6.1%, the 1953 recession is said to be caused by the separation of the Federal Reserve from the U.S. Treasury in 1951. As a result, the former implemented stricter policies which led to the 10-month depression.

Recession in 1958

Caused by the tightened monetary policy of 1955 and its subsequent easing in 1957, the 1958 recession resulted to sad economic figures, such as a peak unemployment rate of 7.5%, and a -3.7% decline in GDP.

Recession in 1960 to 1961

When the Federal Reserve decided to hike its interest rates, what t***spired next was the 10-month recession which started in April 1960 and ended in February 1961. While the GDP only decreased by -1.6%, the unemployment rate shot up to 7.1%.

Recession in 1969 to 1970

Considered as a mild recession, this 11-month period brought about only a minimal -0.6% decline in GDP. However, the unemployment rate remained high at 6%. Causes of this downturn are numerous, but to name a few– the rising inflation rate resulting from increased deficits, the fiscal tightening secondary to Vietnam war budget deficits, and the tightening of monetary policies or the Federal Reserve’s policy of increasing interest rates.

Recession in 1973 to 1975

This downturn, which spanned for 16 months, saw a -3.2% decline in GDP and a 9% hike in unemployment rate. The recession was brought about by OPEC’s decision to quadruple oil prices, as well as the heightened government spending for the Vietnam War. Further exacerbating the predicament was the oil crisis of 1973, and the stock market crash of 1973-1974.

Recession in 1980



This short recession, which started in January 1980, again was a result of the Federal Reserve’s plan to raise interest rates, to combat the inflation of the 1970s. While the GDP falloff was only -2.2%, the unemployment rate was considered high at 7.8%.

Recession in the Early 1980s

Lasting 16 months, the early 1980s downturn is what economists call as a “double dip” or “W-shaped” recession, which is characterized by a slump, followed by a brief period of growth, and another downturn before the economy manages to recover.

The cause of this recession is mainly the 1979 energy crisis, which forced a sharp hike in oil prices because of the new regime in Iran. The country also imposed a tightened monetary policy which decreased business spending, as an attempt to curb inflation.

As a result, the GDP shrunk by -2.7%, while the unemployment rate peaked at 10.8%, which is the highest rate by far in the history of American recessions.

Recession in the Early 1990s

A brief downturn lasting only 8 months, the recession of the early 1990s was characterized by a -1.4% depreciation in GDP and an increased unemployment rate of 7.8%. Three factors contributed to this event: the 1980’s debt accumulation, the oil price shock of the 1990s, and the rising rate of consumer pessimism.

Recession in the Early 2000s

Putting a halt to the economic growth of the 1990’s was this shallow 8-month recession, which led to a 6.3% increase in unemployment rate and a minute -0.3% decrease in GDP. Here are the factors that triggered this event, to name a few: the September 11 attacks, the Dot-com bubble collapse (Y2K scare), and the decrease in investments and business outlays.

The Great Recession

The downturn of December 2007 to June 2009 was one of the darkest chapters in the American economy, only next to the Great Depression. The GDP declined by as much as -5.1%, while the unemployment rate shot up to 10%.

The biggest cause of the Great Recession was the subprime mortgage crisis, which stabbed the American housing bubble. This, alongside increased food and oil prices, contributed to a global monetary crisis. As a result, the automobile industry collapsed, as well as several financial institutions, such as Lehman Brothers, AIG, Freddie Mac, Fannie Mae and Bear Stearns. In response to the 18-month downturn, the government came up with a fiscal stimulus package amounting to $787 billion and a bank bailout costing $700 billion.

References

http://www.cnbc.com/id/20510977
http://www.sjsu.edu/faculty/watkins/econhist.htm
http://www.financialsense.com/contributors/thomas-lisack/2011/07/15/history-of-economic-recessions-in-america
http://www.opednews.com/articles/A-HISTORY-OF-RECESSION-IN-by-mike-kohr-090213-845.html
http://respuestas.gobiernousa.gov/system/selfservice.controller?

Randy131 Loc: Florida

It's all real and true recent American history, please look it up and confirm it for yourself, and if you find anything that I posted is not true, then please post that proof that would prove me wrong, which I don't believe you'll find any, because I lived through all that I've posted while running my own construction business. I am retired at this time and very happy that the Republicans 'Contract with America' worked for our economy during Bill Clinton's terrible recession, and got majority control of the House for the Republicans for the first time in 44 years (there had to be a reason for it, and it took more than just Republicans to make that happen), and majority control of the Senate for the Republicans too. Please look up the records and find out the t***h for yourself, and don't take for the t***h that Bill Clinton turned around that economy, look for what really turned it around, by studying the time the 'Contract with America' was implemented, and it's results.

jelun

It is posted, you poor confused person.