Obama promised 8% max unemployment if we passed his stimulus. How he figured this, no one knows. Many now think he pulled from the bumble butt of Michelle.

That being said, what is BO doing about his mistake---the porkulus--which simply kept jobs for teachers, public employees in the states and Fed, which of course results in a higher tax burden on those still paying taxes instead of some gov spending cuts. Answer: nada-he hopes that unemployment goes higher putting more folks begging to be employed by the gov and Obama in full control of their jobs, the health, their retirement, their offsping. Obama studied Maxism as a youngster and believes he has invented an improved version.

Ok, so those of you in the above category resent my post, trying to give you a guilt trip for holding a job while still being incompetent, while former employees in the private sector who would actually contribute to our GDP are hitting the bricks. Don't feel guilty, I say, your leftist won big time and if they continue, we will have a system where incompetents, no show jobbers, pretend to pay me workers, will be the same as the rest of us, socialism will prevail and no one will give two feces if we ever produce anything. This will be called by Obama as a "just society".

Only a small part of Americans share the ideology of Obama--Soros, Hollywood limosine libs are the most dangerous since they have money and can get face time on TV. Most Americans like our uniqueness, our exceptionalism, and the fact that even a broom sweeper can become a sucessful owner of his company. Education does count here in the USA and experience can be king. If we go socialistic "a just society" everyone is about the same except the elite like Soros, Kerry, Obama, Corzine, and the like.

Obama says unmployment at 10% is the new norm--just like the EuroSocialist have had since the 80's. Most Euros live in 1000sq ft apartments, have one small car, and seem very happy as long as the USA protects them. If they had to protect themselves they would not be able to have all their benefits, so I say if we go socialistic let's tell them ----get your own nukes, planes, military, missile shields and goodby you freeloaders.

Take your choice folks, socialism under Obama and give up your Harley, your second car, and move into a 1000 sq ft apartment and pray that Canada and Mexico will save us if we are attacked.

But we will be loved by all because Obama says we are just like them. LMAOAU

One can promise only what one can directly control. The notion of equating a prediction to a promise is just silliness.

That being said, what is BO doing about his mistake---the porkulus--which simply kept jobs for teachers, public employees in the states and Fed, which of course results in a higher tax burden on those still paying taxes instead of some gov spending cuts.

This isn't the straightforward equation you pretend it to be. For example. If the Velocity of Money is over 2.0 then every $1 spent on teacher's salaries generates more than $1 in revenue in the pockets of private enterprise disciplines.

Its too bad for your assertions that the Velocity of Money in the US Economy right now is about 4.0...

Don't feel guilty, I say, your leftist won big time and if they continue, we will have a system where incompetents, no show jobbers, pretend to pay me workers, will be the same as the rest of us

How is their source of employment going to adversely affect their ability to reason from facts?

Only a small part of Americans share the ideology of Obama

And what is that ideology? Don't make yourself look the fool by saying it is socialism. Then you will simply consign yourself to the category of a Beckian Bozo

Take your choice folks, socialism under Obama

Oh. sorry I guess you are an irrational fooll

If you're actually stupid enough to believe that Obama wants unemployment to go higher, then I wonder how you manage to dress yourself in the morning. If high unemployment persists it will cost him Congress and ultimately his job. You, sir, are an imbecile.

You sound like you just made an argument for Reaganomics----Give the money to the businsess, the entrapranuers and the risk takers and watch the economy grow as both Reagan and Bush did. Of course Obama gave to teachers, public employees, blood suckers and leaches who CREATE NO F---KIN JOBS. That is why unemployment is 10,2 and rising, while foreclosures set a record every month, why our deficit is 2 trillion and why you will be paying higher taxes to cover health insurance, cap and trade and other gov programs to take control of you. I guess you are not an educator in economics or you are a community organizer who wants justice for all.

LOOK IN THE MIRROR IF YOU WANT TO SEE A REAL FOOL.

In the early 1900s the progressive movement was led by a GOP named Teddy. Until his cousin developed a model for creating gov dependency and power for the Dems the GOP was king. Since then, those who survived with gov handouts, gov jobs under FDR have sworn by the Dems as the party of the people. FDR kept the depression going as long as he could until WWII interfered and stopped the plan. FDR resisted going to war and was forced into it by Pearl.

Obama studied Marx, FDR and has come with a new way to take over the USA with a socialistic agenda. He simply never was a capitalist, does not believe in it and thinks America is unjust and apologizes for our exceptionalism and excellence. As he told the Euros----we are just like you.

Folks did not come here for EuroSocialism, Communism etc. They came because we are different and justice is working your but off, taking some risks, and maybe elevating yourself beyond what your birth indicated. Every color and ethnicity has suceeded here and it is a just society without Obama.

Yes Obama will lose control and will probably not run in 2012 if he still can't triagulate like Clinton did as the GOP congress created a surplus which he took credit.

Now the Dems are creating a deficit which makes the Bush deficit look like chump change.

You sound like you just made an argument for Reaganomics----Give the money to the businsess, the entrapranuers and the risk takers and watch the economy grow as both Reagan and Bush did

Nope. Because we know from the economic research that when you give money to the upper 2 quintiles, it DECREASES the velocity of money because they either

• Invest it in overly conservative, low velocity investments - like TBills
• spend it on high consumption items most of which come from overseas
• Invest it in highly speculative and low job generation programs.

IOW tax cuts to the group that Reaganonics targetted had an Ecomonic Multiplier of 0.7. IE 30% of it DISSAPPEARED FROM THE ECONOMY.

OTOH, the FACT BASED ECONOMETRIC RESEARCh (as opposed to your armwaved faith based nonsence about 'create no fucking jobs') shows us that

• WIC spending (WELFARE) has an EM of about 4.0. For every $1 spent on WIC the Economy EXPANDS by $4. - that creates jobs
• Childcare subsidies have an EM of about 3.5. For every $1 spent on Childcare subsidies, the economy expands by $3.5. That creates jobs

And the way that creates jobs is very obvious - and it is the antithesis to Supply Side economics. What happens is that the welfare mom spends more at the corner grocery bodega. He has to restock more, so he hires a neighborhood kid to do that. The kid ALSO spends that money in the neighborhood. Which in turn increases business at the bodega even more. so the kid goes full time. And BadaBoomBadaBing a new job is created.

That is why unemployment is 10,2 and rising, while foreclosures set a record every month

If Supply Side economics worked, then employment would be a LEADING not TRAILING indicator of economic health. Because as the Wealthy Got tax cuts, they would hire people to grow their business. Except of course it doesn't work that way.

Businesses delay firing because retraining costs are high and they don't really want to face the existance of the downturn. And then they DELAY HIRING until there is too much business to handle.

The reason we have 10.2% unemployment is because the GOP fucked up the economy truly horrifically with the kind of supply side nonsense you believe. Notice that the HIGHEST RATE OF unemployment GROWTH was in the tail end of the GOP administration.

So even though unemployment is "growing", the rate is tapering off in a predictable manner. I had originally predicted Nov. as the first job growth upturn. I'm now thinking Feb. March. But the 2nd Derivative analysis isn't that far off.

why our deficit is 2 trillion and

Our deficit is $2 Trillion because the GOP got us involved in one completey unnecessary war, and in the process fucked up and increased the cost of the other war. And then they compounded this by creating a bubble economy that transfered HUGE amounts of wealth from the middle class to the wealthy. And then they broke the financial system

That left only The Government to step in and keep the financial system afloat. And that costs money. When you give your Porsche to your teenager and he wrecks it, YOU end up footing the bill to repair it - or you end up without a car.

paying higher taxes to cover health insurance

If my taxes go up but my premiums go down
if my taxes go up but my risk of MRSA exposure goes down
if my taxes go up but my risk of XDR TB exposure goes down,

Then I've more than broken even. I take it you LIKE XDR TB?

cap and trade and other gov programs to take control of you

I don't need cap and trade to control my behaviour. I DO need it to control the behaviour of irresponsible types - like you perhaps?

Being worried about global warming and resurgent TB isn't being a fool.

Thinking Reaganomics worked is. You have ZERO FACTS to support any of your claims, You are by definition being irrational

Obama studied Marx,

So did Alan Greenspan.

has come with a new way to take over the USA with a socialistic agenda.

Ok, you just put yourself in the same category as the loonies who believe in alien abduction. You have not a rational thought in your brain. And the best proof is your conflation of EuroSocialism and Communism.

You are simply ignorant and irrational.

In your view, all bad economies were created by GOP. What about the 12 yr depression of FDR, the Carter recession, the Clinton recession of 2000,

I have never seen money trickle up from the bodega and create jobs. I guess I don't live in such a neighborhood. I have seen the computer, dot com, info tech trickle down which created millions of high paying jobs because Reaganomics encouraged entrapranuers like Microsoft, Apple, Oracle, Cisco and the like. None of the financing came from teachers and public employees, but from greedy wall streeters who loved capitalism. I have never know a public employee to create a generation of new technology like ATT did with the invention of the semiconductor. Why would anyone take a risk with Obama punishing American Corps with the highest tax rates in western civiliszation.

When you hand out money to people on welfare, it creates nothing but dependency on the gov--not jobs. The money ends up being gambled, with pimps and with drug loards. If you consider a hooker job creation I guess you may have a point.

Stimulus was passed and unemployment is now 10.2 and rising. Forclosures which were supposed to decrease because of the bank bailouts are increasing. The only auto Corp making a profit is Ford which did not suck up to gov money. GDP went up last quarter because we gave money to a selected few to buy cars. Guess who pays for that ---you and I---we paid for someone elses new car.

Why are we fools-----because Obama, wants to share the wealth, DON'T YOU REALIZE THAT SOONER OR LATER THE MONEY PRINTED WILL BE PAID BY YOU AND I?

It is Obama's economy---he had both houses behind him, he made promises and if he does not deliver, we can no longer blame a previous Administration or Party (same rules as applied to Bush prevail)

Um no. FDR inherited a depression, created by the GOP

Carter inherited a recession created by a combination of Global Fuel Cartel's and Nixon/Ford's (GOP) mismanagement of the post Vietnam bust.

Clinton inherited the second Reagan/Bush recession, that said, Reagan inherited his first recession from Carter.

But if you go back to the Great Depression and look at both GDP and DJIA growth, Despite almost equal terms in office, Dems out perform GOP by about 30%.

because Reaganomics encouraged entrapranuers like Microsoft, Apple, Oracle, Cisco and the like

Nonsesense. And I speak from personal experience here. Microsoft, Apple, Oracle and Cisco ALL were founded well before Reagan and were BOOMING throughout Carter, and Reagan's recessions. Reagan's economic policies did absolutely nothing to foster their success. Actually it was DARPA and NASA investments (the former championed by Al Gore, and the latter driving the semiconductor/microprocessor revolution).

So all of those companies were making their money on GOVERNMENT INVESTMENTS from the 1960s and early 1970s. NOTHING TO DO WTIH REAGAN.

I have never know a public employee to create a generation of new technology like ATT did with the invention of the semiconductor.

Well the thing that drove that research (and most of the computer revolution) was DoD spending on Eniac and a quest for ever more reliable electronic switching for those computers. So sorry, it WAS Government funding that drove those developments, just as it was NSF grants for the submicron fabrication facility at Cornell Univ that allowed Intel to keep driving cpu power upwards and NIH investments that drive the Human Genome Catalogue.

Why would anyone take a risk with Obama punishing American Corps with the highest tax rates in western civiliszation.

Your ignorance is showing. And don't cite MARGINAL tax rates because all that proves is that you have never run a business or had any significant business responsiblity (or you are just being dishonest). What drives corporate behaviour is Return On Investment. And ROI is calculated based on EFFECTIVE TAX RATES. And even with Obama's increases on businesses in the area of Cap And Trade (btw, since when are corporations allowed to dump their costs onto us the public? For Free?) and similar, US Businesses STILL HAVE THE LOWEST EFFECTIVE TAX RATES in the Western workd

When you hand out money to people on welfare, it creates nothing but dependency on the gov--not jobs.

Nice assertion. Any data to back it up? Because Economic Multiplier data on this shows the contrary. Every $1 spent on welfare generates $2-3 ADDITIONAL GDP dollars - ie more jobs.

The money ends up being gambled, with pimps and with drug loards

Again I guess you are of the Ronald Reagan school of reality when he said

"Facts are Stupid things"

The reality is the MOST of the TAX CUTS FOR THE WEALTHY get gambled and spent on non-productive assets. And THAT IS independently verifiable FACT.

Again, if Supply Side Economics works so well, why has employment been a LAGGING INDICATOR in EVERY recession/recovery? Including the ones after the Reagan and Bush tax cuts?

And Phill Gramm, Alan Greenspan and GWB all said that if we let markets regulate themselves they will self correct quickly and efficiently.

Which was MORE WRONG?

Stimulus was passed and unemployment is now 10.2 and rising.

Yup. The hole the GOP policies crashed the economy into was deeper than what Obama imagined. So? Your point?

Forclosures which were supposed to decrease because of the bank bailouts are increasing.

Not quite. The rate of foreclosures was supposed to be REDUCED, not eliminated. Consider what the rate of foreclosures would be if ALL of the banks had crashed and had to call their mortgages?

The only auto Corp making a profit is Ford which did not suck up to gov money

Kind of a tautology. The one auto company that was profitable is profitable. DUH!! Companies rarely make it out of bankruptcy re-org in less than 18 mos. Your point?

GDP went up last quarter because we gave money to a selected few to buy cars. Guess who pays for that ---you and I---we paid for someone elses new car.

Nope, not quite. Durable Goods (which cars are part of) was Up last quarter EVEN EXCLUDING CAR SALES. IOW the Cash For Clunkers did help move the auto economy forwards a bit, but the rest of the economy ALSO came out of recession. Just barely.

It is Obama's economy---he had both houses behind him

No. The recession was caused by the GOP. Obama's financial policies have been in place for about 6 mos. And they have to undo 96 mos of harm.

we can no longer blame a previous Administration or Party

When your teenager wrecks your car, and its in the body shop being repaired,

• YOU Are responsible for the bill
• YOU are responsible for the shop doing the repair work properly

BUT

Your TEENAGER is STILL RESPONSIBLE FOR WRECKING THE CAR.