Quickest Job Recovery In Decades Is Underway

[mikekohr]

9 of the last 10 recessions occurred under Republican economic policy, including todays George W. Bush’s “Great Recession,” the deepest economic downturn since Hoover’s “Great Depression” of 1929. President Obama has not only halted the staggering job loss of over 780,000 per month he inherited from George W. Bush but President Obama’s “Bubble Up Economic” policies has reached positive increase in monthly job creation with unmatched speed.

http://4.bp.blogspot.com/_mHSyEv8vBt4/TIKJmVIq8xI/AAAAAAAAAFI/AInWHvWVIxA/s400/New+Picture.jpg?

Source: Chris Isidore from CNNMoney.com


The economic pain being felt today is a result of the depth of the hole that was dug by the Republican “Trickle Down” policies of the Republican Party. The nation suffered a stunning loss of 8.4 million jobs, or 7% of all jobs in George W. Bush’s “Great Recession.” This compares with a loss of 3.1% of all jobs lost during George W. Bush’s first recession of March–November of 2001, and 1.9% of all jobs lost during George H.W. Bush’s recession of July 1990-March of 1991. -The deeper the hole, the longer the climb out of it- If Americans wish to avoid the pain of recovery from recession, we need to quit electing the people digging the holes.


mike kohr

[Hawkowl]

1. I have a very nice bridge to sell you, cheap!

It is located in Portland, but you have to move fast! I ordinarily wouldn't sell it to you, but I need the cash fast! See you will make a fortune off charging people tolls to cross the bridge! You can't loose! (sp)

[NJmaverick]

7. Damn those facts! damn them to hell!

[Go2Peace]

31. I call bullshit. See my post #29 below. This is SPIN

and it kind of is shitting on people who are struggling or out of work.

[NJmaverick]

32. Your opinions and beliefs do not negate the facts

[Catshrink]

2. Really?

:rofl:

[mikekohr]

4. Really. Sorry you are dissapointed, but facts are facts.

President Obama lifted us out of the biggest, deepest economic hole in 80 years. Now we have to fill the hole which is 8.4 million jobs deep.
The deeper the hole, the longer it takes to fill.

Lesson: Quit digging holes.

mike kohr

[Catshrink]

5. again

:rofl:

[mikekohr]

14. "An optimist sees things as the best they have ever been, and a pessimists fears the optimist.

may be right."

President Obama upon election, predicted it would be 18-24 months before the nation had recovered from the staggering economic ineptitude of George W. Bush and the results of his Republican economic principles. It has been 19 months. The "Great Recession" is over. Putting 8.4 million people back to work will take time. It took FDR 5 years to end the Republican gifted Great Depression and then job creation lagged behind growth for years.

Working people are the first to feel the pinch and the last to get relief when things improve. That fact remains constant regardless of the recovery or the president. We are on our way back to prosperity.

mike kohr

[Catshrink]

16. And a realist sees things as they are.

And they aren't good.

[mikekohr]

18. Remember how and who brought us here, its all Republican all the time.

?



Long Term Record on Job Creation:

Many Americans are aware that George W. Bush has had the worst job creation record since the government began tracking these figures in 1939. But Bush's colossal failure to manage the economy overshadows a much larger story.

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

The record shows two unmistakable patterns:
Every time a Republican succeeds a Democrat in the White House, the job creation rate plummets.
Every time a Democrat succeeds a Republican in the White House, the job growth rate soars. Every time! No exceptions!


Over the last seventy years, the decrease in monthly job creation when a Republican succeeds a Democrat is 68,913

Considering the steady growth in population of the United States during this time frame the job creation rate should steadily increase each month (currently it must grow by 138,000 per month to keep up with population growth). This trend only manifests itself when examining Democratic administrations:

Listed below is the average job growth increase for all terms served:



http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?


By: mike kohr Graphics by: Bonny Kohr
Bureau County Democrats

http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/

[HughMoran]

59. Excellent post

:thumbsup:

[Quantess]

109. I like this post better than your OP.

More believable, too.

[griffi94]

22. things are great...here's an example

a friend of mine has been unable to find steady work for the last 2 years, but he's quit driving a 15k dollar car and started riding a 90k dollar bus.
he's also quit living in 125k dollar house and moved into a 400k dollar aprt complex, see things are great.

[Ikonoklast]

70. And I will gross more this year than I ever have.

Personal anecdotes do not a trend make.

[Go2Peace]

33. The recession has been arrested, but that is not what the misleading OP is stating

See my post #29. This is not yet where we can say it is the miracle being proclaimed, nor is it yet a strong enough recovery that we are out of the woods. The fast bounce effect is just the nature of economic inertia. It went down the fastes in 70 years and it pushes back closer to equilibrium fast as well. The fact that it isn't coninuing to push up quickly and stalling is evidence that we have not nearly conquered it and done what we need to.

The President deserves credit for pushing the stimilus through and the other smaller programs he has been able to push for stimilus, but what this OP is saying is simply not true and a bit of an insult to those who are struggling or out of work.

[DemocratSinceBirth]

58. If We Continue To Have < 2% Real GDP Growth Unemployment Will Continue To Climb

~

[mikekohr]

61. Here is the record on Real GDP, and where the President's will lead us on this issue

There is a clear, unbroken record on this as well as on EVERY other economic measurment.

?


President Obama passed the largest tax cut in history and nearly all of it was skewed to working people like me and you. That puts money in the hands of the people that will spend it and need it most.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com/p/economic-record....
mike kohr

[DemocratSinceBirth]

64. I Don't Blame President Obama But This Economy Is Weak And It Appears It Will Stay Weak

< 2% GDP growth will result in continuing high unemployment.

[Hawkowl]

19. No. He simply is digging more slowly

The stimulus was a good thing. But it was simply a tourniquet on an avulsed limb. Stimulus is a short term stop gap measure that doesn't solve the underlying problem: We Have No Industrial Policy!

We subsidize off shoring of jobs. We allow corporations to pay NEGATIVE income taxes (subsidies). We look the other way at foreign countries
currency manipulation (China), which is a de facto on our own manufactured goods. We cripple our own businesses by saddling them with astronomical health care costs (a world wide competitive disadvantage). Etc, etc.

Now for the latest numbers: "The Labor Department reports this morning that companies created only 67,000 new jobs in August. That’s down from the 107,000 they created in July. And because the government laid off temporary Census workers, the economy as a whole lost 54,000 jobs.

To put this into perspective, we need 125,000 net new jobs a month just to keep up with the growth of the population and the potential workforce."
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9075048

The unemployment rate has increased to 9.6% and private sector job creation has DECREASED month over month during the summer!

Facts ARE facts. But lapping up whatever propagandist drivel is being force fed you, does nobody any good.

[Dr.Phool]

106. Ok, I'll take a bag.

How much? And do the glasses come with it?

[NJmaverick]

9. I can't help but wonder if you simply dismissed the truth due to its inconvenient nature

[impik]

13. There's no such thing as "truth"

Obama never did anything good, you know.

[Go2Peace]

35. The arguments against the spin are not saying that

they are sim0ply stating that the OP is misleading and is not correct. I am glad people are still willing to confront those who put forward information in such a way that it misleads or distorts, we should do that to the Republicans more often, but we should respect the truth and confront misleading information here as well, even when it might be seen to be inconvenient.

[Go2Peace]

34. I would say you are projecting friend

You are accepting and promoting a misleading premise because it is inconvenient for you to face the truth. I am glad that President Obama is there over the alternative, but this talking point misleads and distorts the record. We are not in "miracle" territory in the way it proclaims. And by supporting it in a way folks shit on the reality of many in the country.

[NJmaverick]

38. The facts are not a misleading premise no matter how much you try and spin things

I don't care how often you repeat your spin, it simply doesn't negate the FACTS.

[DemocratSinceBirth]

101. You Like Facts. How Do You Like Them Facts?

http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america

[mikekohr]

62. Erin Burnett on "Meet The Press," just reported this is the fastest recovery in 25 years

No one on this board would wish for the recovery to progress slower. No one on this board would not welcome an even quicker recovery. But facts are facts, this is the fastest recovery from an economic downturn in 2.5 decades.

History shows that the only way to avoid economic misery for working people in a recovery is to avoid the downturn in the first place. Republicans deliver recessions. Democrats deliver recoveries. That's what is happening today, and at the fastest pace in 25 years.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[amandabeech]

79. Recovery of fair paying jobs with fair hours and decent benefits?

Please.

Erin Burnette thinks that it is everyone's patriotic duty to make as much money as he or she can.

Burnette has orgasms thinking about large piles of money.

[mikekohr]

84. You are dismissing Erin Burnette, and National Public Radio, and CNN's Chris Isadore

Do you have sources that state they are all wrong to report that this is the fastest return to positive job creation in 25 years? If so please post them here.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[Speck Tater]

3. The Great Jobs Depression continues to worsen

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9075048

I wish those people would get their stories straight. Is it getting worse or getting better? I only see worse everywhere I look.

[pscot]

8. Who you gonna believe?

The numbers or your lyin eyes?

[NJmaverick]

11. for many they will believe what fits their agenda

[Skittles]

99. you got THAT right

it certainly explains the OP

[Hawkowl]

21. Robert Reich, former Labor Secretary

Under Clinton. The most massive prolonged jobs boom in the country's history. Yeah, I'll believe him.

[mikekohr]

24. President Obama inherited a much sharper, deeper downturn than did President Clinton

and produced positive job growth in 1/2 the time. President Clinton produced the greatest job creation in history and President Obama is poised to follow on the same track, despite a far greater headwind.

mike kohr

[Go2Peace]

37. Well, we shall see. Our problems are far more structural and will need more than even stimulus

can provide.

We have not yet recognized and really dealt with the factors that are really underneath all of the instability of our economy in the last 30 years. Republican inept policies have covered over much deeper, structural issues:

Worldwide competition - How do you compete against 2 Billion people who make less than $250 a month?

Productivity increases have been catastrophic and are breaking our traditional 40 hour requirement for a living wage. Much of the goods we consume require less and less labor. How do we structure our society computers and robotics continue to erode the need for human labor?

If you could remove the productivity gains of the last 30 years from the equation we would be at full employment right now. Of course that is impossible and I am not saying we should, but we need to recognize that more and more basic human needs can be provided with less and less salaried jobs. That is causing a large restructuring of the labor component of modern societies.

[mikekohr]

40. On this point we are in total agreement nt

[golfguru]

86. Right U R, 2.5 Billion people who work cheap and work hard

are formidable competition. Yes I am talking China+India.
20 years ago they lacked technical know how. Now they don't.
They can manufacture anything including space rockets.

That is the real story behind our employment problems.
It is structural now. Democrats and republicans both have no clue
how to create jobs in US which pay a decent wage.

[NJmaverick]

10. Fact- We are not in a depression because our economy is growing

end of story

[Hawkowl]

23. 1.6% GDP confirms it

Is that nominal GDP or real GDP? How much does GDP have to grow to absorb a growing population? If all the growth of the GDP accumulates to the top 1% of the population of the country, but the other 99% suffer between a 3-10% loss of income, even if the total GDP is growing, is that still growth?

Economists generally agree that in the US economy, unless there is between 2.3 -2.5% growth of GDP, the economy is not really growing. So simply saying GDP is positive is sophmorically simplistic at best. At worst it is propaganda of denial which inhibits the country from solving its problems. The other points I've mentioned aren't even alluded to in MSM reports, because the answers are terrifyingly dismal.

[DemocratSinceBirth]

25. If The Economy Continues To Grow At Such A Glacial Pace Unemployment Will Continue To Rise

Fact.

[orwell]

36. Real GDP...

...Your other concern is about income distribution with which I agree...

Positive growth is positive growth. However I do not believe that positive GDP growth by any number is necessarily good in and of itself. By GDP's definition, a cancer patient who loses his/her house (big transaction) because of giant medical bills (big transaction), and eventually funeral expenses (big transaction) is positive for GDP growth. But you or I would be hard pressed to define it as a positive economic or social development, especially if that person were a world class researcher, educator or artist.

Of course numbers can be deceiving. But we are out of the classical definition of a recession and have been for some time. Whether we are entering into phase two (double dip) is still up for conjecture. If we are it can be directly linked to Republican obstructionism, not the President's and the Democratic party's attempts to ameliorate the situation.

[Hawkowl]

43. I very much agree

Especially with you last sentence. I don't think we can blame Obama economically, it is more a failure of political will/strategy. It looks like the rethuglican obstructionism, combined with their corporate hold on the MSM is, at least temporarily, winning the political battle by deepening the "recession".

I think it is has always been clear, that the rethuglicans were hoping to water down the stimulus, healthcare, jobs programs etc, so that their overall economic impact would NOT bring the economy out of recession. The rethuglicans plan on infuriating the electorate further, and focusing the fear and fury on the Democrats. They hope this political jui jitsu will return the rethuglicans to political power.

Until Obama realizes the fact that the rethuglicans are willing to burn the country down in order to regain political control, he will not make any real progress.

[mikekohr]

47. Again, common ground, with the exception that I see real progress

having been made on may fronts. Perfect? No. But certainly a step in the right direction and away from the abyss of Republican ineptitude and economic incompetence.

Republicans are modern day money changers, looting the temple of Democracy. I have never believed Republicans were interested in bi-partisanship or that President Obama could deliver from those so unwilling to see him succeed that they are willing to drag the rest of the country down in the hopes that they may regain power.

If the president fails, he will fail in much the same way that FDR's Bureau of Indian Affairs John Collier was described by James Wilson in his brilliant work, "The Earth Shall Weep," "In the end, perhaps Collier's biggest fault was that he misjudged the enormous power of the interests ranged against him....Collier underestimated the fundamental forces in the non-Indian world which had always worked against the survival of distinct tribal societies."
http://www.brotherhooddays.com/forgottenheroes.html

mike kohr
Bureau County Democrats

[mikekohr]

52. Here is the Long Term Record on Real GDP, it's all Democrat, all the Time

?



mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com/p/economic-record.html

[Brigid]

6. Ubi Est Mia?

Translation: Where's mine? I have a crappy job and still consider myself luckier than many.

[griffi94]

12. things are great

HOO RAY
that's why the democrats have a lock on the midterms. :sarcasm:

[DemocratSinceBirth]

15. That's Because We Don't Know How Good We Have It

:P

[griffi94]

17. correct

people don't appreciate how quick the jobs recovery has been, just because unemployment went up in august. lol

[DemocratSinceBirth]

20. My Girlfriend Is Looking For A Job

I can't wait to tell her the good news.

[mix]

26. These are the types of arguments you get

when you place your affection for the president above the sufferings of millions of citizens.

:thumbsdown:

[mikekohr]

27. My affection for the president is only exceeded by my affection for the American People

and that's why I am a Democrat. When we are in charge we have an unbroken record of economic success compared to the Republican party. What do you suppose the unemployment level was 19 months into FDR's presidency? How about 3 years into it? How about 5 years into it? If you knew the answer you would understand how far we have come in how little time.

It took our most accomplished president in history FDR, time to get the nation back to work. Anyone that did not take President Obama at his word that this would be a long climb back has a poor understanding of history.


http://en.wikipedia.org/wiki/File:US_Unemployment_1890-2009.gif?

[mix]

28. Your sentiment won't obscure the crisis.

Obama is no FDR.

[mikekohr]

39. Your lack of historical perspective won't enlighten this debate

Recognizing the suffering of the 8.4 million people that lost jobs in this recession is appropriate and should be first and foremost on everyones mind, but not recognizing the historical fact that jobs are the last thing to return in an economic downturn obscures the lesson that the only way to prevent suffering from job loss is to avoid the policies that cause recessions in the first place, namely Republican "Tinkle Down Economics."
see: "History of Recessions" http://bureaucountydems.blogspot.com/p/history-of-recessions.html

Let's go back to the third deepest economic downturn in history, "The Reagan Recession" of 7/81-11/82, which featured unemployment rates of 10.8% and interest rates that reached 21.5%.

The Reagan Recession lasted 17 months, and started with unemployment rates of 7.2% which soared to 10.8%. Unemployment stayed above 10% until 6/1983, a full seven months AFTER the recession officially ended, and unemployment never fell below 7.2 % until 7-1985 a full 48 months after that recession began to cast people out of work.

I'll acknowledge that 19 months into the Obama Presidency, it is to early to compare his legacy to FDR's, but it is fair to say at this point President Obama has done a far better job of ending the far deeper George W. Bush Great Recession than Reagan was at ending a recession of his own making.

mike kohr
Bureau County Democrats

[mix]

41. Your distortion of history merely clouds it. nt

[mikekohr]

42. I've posted numerous charts, graphs, links and statistics

Show me statistical evidence that any job recovery in the last 20 years has been faster. But if you have nothing but words than I'll let you have the last one.

mike kohr

[mix]

45. Your motives are political and partisan. It's not a debate you want,

but confirmation and agreement that Obama's economic policies are working when they clearly are not.

I'll stick with people like Reich and Krugman who understand the missteps of the administration, not your manipulation and misreading of the data and history.

[mikekohr]

48. Nor I'm I getting one.

but you're getting closer, you at least quoted some names this time.

[Tiras De Carne Seca]

55. Couldn't have said it any better than that. Spot on.

[golfguru]

87. Why is published UNemployment stuck at 9.6%

and real UNemployment near 20% when jobs recovery is so fast as you say?

[Kltpzyxm]

57. +1000

kind of like the arguments that thing are better than ever for LBGT.

It saddens me when Democrats are willing to dismiss the suffering of millions just so they can put up a Mission Accomplished banner for their dreamy hero.

[mikekohr]

66. I saddens me when Democrats are willing to dismiss good news that will allieviate the suffering of

the 8.4 million people that lost jobs in George W. Bush's Great Recession

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[Go2Peace]

29. I'm sorry but this talking point is really just spin

There is an elastic component to economies, as long as you don't completely break the band, the economy will try and move back closer to where it was at before the collapse. We had a very fast, very deep slide, so the bounce effect once that stops driving down is toward a quicker movement the other direction.

The stimilus was a good response, not as large as it should have been, but it was large enough to arrest the drop and push on that elastivity. It is disengenious to make that effect look like miracles are happening. That is simply not the case. There is a lot of work that should be occuring and this is *not* yet a robust recovery.

That is not the President's fault. But neither should this be used to make it look like he has done a miracle and this is a strong recovery, because that is simply not true at this point.

[Hawkowl]

30. The "dead cat bounce"

I agree with you completely. The real effort should've been to anticpate this bounce and use it to build upon; not rely upon.

[mikekohr]

44. Our Quick Fix Electorate - By Eugene Robinson-

see lead post by BabylonSister at: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=429245&mesg_id=429245

According to polls, Americans are in a mood to hold their breath until they turn blue. Voters appear to be so fed up with the Democrats that they’re ready to toss them out in favor of the Republicans—for whom, according to those same polls, the nation has even greater contempt. This isn’t an “electoral wave,” it’s a temper tantrum.

It’s bad enough that the Democratic Party’s “favorable” rating has fallen to an abysmal 33 percent, according to a recent NBC-Wall Street Journal poll. It’s worse that the Republican Party’s favorability has plunged to just 24 percent. But incredibly, according to Gallup, registered voters say they intend to vote for Republicans over Democrats by an astounding 10-point margin. Respected analysts reckon that the GOP has a chance of gaining between 45 and 60 seats in the House, which would bring Minority Leader John Boehner into the speaker’s office.

My guess is that with a decided advantage in campaign funds, along with the other advantages of incumbency, Democrats will be able to mitigate these prospective losses—perhaps even relieving Nancy Pelosi of the hassles of moving. But there’s no mistaking the public mood, and the truth is that it makes no sense.

In the punditry business, it’s considered bad form to question the essential wisdom of the American people. But at this point, it’s impossible to ignore the obvious: The American people are acting like a bunch of spoiled brats.

snip//

The nation demands the impossible: quick, painless solutions to long-term, structural problems. While they’re running for office, politicians of both parties encourage this kind of magical thinking. When they get into office, they’re forced to try to explain that things aren’t quite so simple—that restructuring our economy, renewing the nation’s increasingly rickety infrastructure, reforming an unsustainable system of entitlements, redefining America’s position in the world and all the other massive challenges that face the country are going to require years of effort. But the American people don’t want to hear any of this. They want somebody to make it all better. Now.

more...

http://www.truthdig.com/report/item/our_quick-fix_elect... /

[Capn Sunshine]

81. I think you just need some better glasses

You're correct, but were it not for waht is the fastest jobs recovery in decades, we wouldn't be where we are today. So much of the economy is dependent on positive news, it's just not sound or practical to keep emphasizing the empty part of the glass. We already know things suck. Here's a chance to note that once again Keynesian economics is working where supply -side failed again.

[mikekohr]

83. Not a Miracle, it is simply the fastest return to positive job creation in 25 years

If you have facts and sources that state otherwise please post them. Otherwise........

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[lynne]

46. I was laid off in January from a job I got during the Reagan administration -

- I have never been laid off before and have never been without work when I wanted it. All the pretty charts in the world mean nothing until such time as I can find another job. From where I'm sitting, it's never been this bad this long and I don't see any signs of it getting better in the near future.

[mikekohr]

49. Reaganomics and knee jerk de-regulation led to this downturn and collapse

From the gutting of the national Labor Relations Board, to the looting of Social Security, the tax give-a-ways to the rich, the assault on the middle class, the massive expansion of the national debt, the elimination of the Fairness in Broadcasting Doctrine are among the many Reagan policies that pushed us down this path to the edge of the cliff that George W. Bush rolled us over.

My sympathies on your job loss and best wishes for your search for another. I've been there during the George H.W. Bush recession of 1992. Thank God and the American voters for putting a Democrat, President Clinton, back in the White House to clean up yet another Republican mess. At my workplace (on-line hardware sales) after a constant decline in business since 9/2007 we are hiring and back in positive growth since January of this year.

mike kohr
Bureau County Democrats

[Gravel Democrat]

89. You didn't mention NAFTA

One might wonder why

[golfguru]

94. Because NAFTA was signed by Bill Clinton...Duh /

[MrTriumph]

50. Bunk?

I can honestly say, I have not chatted with one fellow Democrat, much less Republican, that has anything positive to say about the economy. Many are very, very angry. They feel President Obama has been busy bailing out the unworthy- big business & big banks- leaving Main Street to die.

[mikekohr]

51. FDR would have welcomed a stabilized banking industry when he took office in 1933

three years after Hoover let it fall apart. As much as I would like to boil the big bankers in oil, history teaches us there are long term, stark, devastating consequences of letting the banking industry collapse. And working people pay first, pay longest and pay dearest. The lesson to be learned is that lack of sensible regulation is a blueprint for the triumph of greed and imposition of misery on working people. Big money corrupted the process over a period of decades. When Obama was a candidate for Senate he stated that the biggest outrage in the influence of money on the political system was that which is legal.

The President's financial reforms are the farthest reaching since the 1930's. I would have preferred stricter regs but I recognize that no president, Democrat or Republican, has done more than President Obama since President Franklin Roosevelt in the mid 1930's.

President Obama has lowered taxes on working people to levels not seen since the 1950's, I've not forgotten that fact either.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[ipaint]

53. There is no reason why we can't go after the criminals in the

financial system. We did it during the savings and loan crisis. There is also no reason to have 1/6 the number of FBI investigating crimes that are 30 time larger than the savings and loan debacle.

Letting the banksters get away with the biggest heist of taxpayer wealth in history and letting the rot fester until this same thing happens once again a few years down the road only worse is beyond foolish. Not only does the absence of any enforcement of the "rule of law" create a massive lack of confidence in our financial system, the lack of investigations and prosecutions does nothing to deter further crimes.

There are already laws in place to go after fraud. We didn't need reform to put the criminals away. As long as it is business as usual for the banks and massive criminal fraud goes unpunished whatever measly recovery we squeeze out in the next few years will be destroyed when the next bubble pops.

Long term unemployment will kill any very minor gains in job growth. We have millions of americans who are running out of benefits, that's billions of stimulus to the states ended and tens of thousands of Americans on the street within the next year. There are not anywhere near enough jobs being created and the majority of jobs that are created are low wage.


Either the too big to fail are broken up, cleaned up, the criminals go to jail and confidence in our financial system is restored or the next time it will be a depression. People like me and millions others who where devastated by the crimes of the wealthy are suffering, how about we suffer in the name of real progress instead of one more wall street owned politician kicking the can down the road a few years until it all blows up again.

[mikekohr]

65. We should, and we are, when the laws allow, and when they don't we've changed the laws.

"That the honeymoon between Washington and Wall Street has turned to bitter recriminations is not news, given that the administration had long pledged to revamp Wall Street regulation in the wake of a crisis that rattled the global financial system.

Less than two years ago, Democrats received 70 percent of the donations from Wall Street; since June, when the financial regulation bill was nearing passage, Republicans were receiving 68 percent of the donations, according to an analysis by the Center for Responsive Politics, a nonpartisan research group.

Obama was the “intelligent” choice, the same way they felt about themselves. They say that they knew he would seek higher taxes and tighter regulation; that was O.K. What they say they did not realize was that they were going to be painted as villains."
read article:
http://www.nytimes.com/2010/08/31/business/31sorkin.htm...

President Obama passed the most far reaching financial reform in 70 years. Certainly not a perfect bill, but the best result of any Democratic President since FDR and better than any Republican ever.

Facts are inconvienent things.

mike kohr
Bureau County Democrats

[ipaint]

67. You didn't answer my question.

It isn't hard to pass a "far reaching" milk toast pro wall street "regulations" bill when you are starting from zilch in regulations to begin with. Everything this administration does if stupendous!, far reaching! and groundbreaking! but NOTHING changes.

Once again-
Why are there so few fbi agents investigating the massive fraud in wall street and in the banks? Obama needs no permission from anyone to investigate the criminals. We've done it before. There are plenty of honest people experienced in understanding and investigating this type of criminal activity.

Unfortunately some of the main players in this heist advise the president now, making for an awkward situation.

[mikekohr]

68. Here are three articles that you may wish to read, they pretty much answer your question

Financial Reform Incentivizes Whistleblowers Like Never BeforeAuthored By: Michael Robinson August 4, 2010
The financial regulatory reform package signed into law by President Obama last month includes new whistleblower incentives that will dramatically alter the corporate anti-corruption landscape. Under a provision in the Dodd-Frank Act, the Securities and Exchange Commission (SEC) is required to pay whistleblowers a cash reward of between 10 and 30 percent of any monetary penalties it recovers as a result of civil or criminal cases brought with the assistance of original whistleblower information
Read more: http://www.bulletproofblog.com/category/main-channels/corruption/#ixzz0ytfiorLI

A Busy Year at The SEC
• Authored By: Michael Robinson January 26, 2010
According to a report released earlier this month by the law firm of Gibson, Dunn & Crutcher, 2009 saw significant increases in virtually all of the metrics by which Securities and Exchange Commission (SEC) enforcement is measured. Criminal charges related to Commission investigations were up 43 percent, which led the report’s authors to conclude that collaboration between the SEC and criminal prosecutors is “stronger than ever.” The number of defendants charged jumped 58 percent, while the number of actions filed increased by 33%.
Read more: http://www.bulletproofblog.com/2010/01/26/a-busy-year-at-the-sec/#ixzz0ythBKFJ2
Read more: http://www.bulletproofblog.com/category/main-channels/corruption/page/3/#ixzz0ytgSi7h7

Federal Regulators Take Financial Investigations to the Next LevelAuthored By: Michael Robinson October 23, 2009
With last week’s high-profile arrest of Galleon Group hedge fund manager Raj Rajaratnam, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have launched another message case – part of their ongoing effort to restore oversight and trust in the marketplace. With the largest insider trading case ever brought unfolding before its very eyes, the news is, oddly, not what the Street is talking about. That the SEC and other regulators were targeting ... READ MORE
read more: http://www.bulletproofblog.com/category/main-channels/corruption/page/4/#ixzz0ythlmaSe

[ipaint]

75. Why are there so few fbi agents investigating the massive fraud in wall street and in the banks?

WILLIAM BLACK: In the savings and loan crisis, where the national commission finds that the typical large failure fraud was invariably present, we had over 1,000 convictions of senior insiders, what the FBI referred to as priority cases. At this stage among the subprime lending specialists, we have zero convictions. We have zero indictments.

PAUL SOLMAN: So, what would you do?

WILLIAM BLACK: I would prosecute the felons.

So, in September 2004, the FBI began publicly warning that there was -- quote, unquote -- "epidemic" of mortgage fraud, and it predicted that it would produce an economic crisis, if it were not dealt with. The FBI has also said that 80 percent of the mortgage fraud losses occur when lender personnel are involved. So, Fitch looks at a small sample of these loans, finally, in November 2007.

http://www.pbs.org/newshour/bb/business/jan-june10/solman_02-17.html

The blog you linked to is pure corp. pr. Slick but 100% bullshit.

O'Dwyer's PR lists Levick as earning $8,547,217 in net fees in 2007, up 28% on the previous year. It notes the firm has 37 employees. <2>

PR Week ranked Levick as the forty-fourth largest independent PR agency in the United States in 2008, with 2007 revenue of $8,547,217, a 28% increase from the previous year's total revenue of $6,672,644. The ranking also notes its staff total of 53 (2006 total: 24), with $161,268 in revenue per employee.

http://www.sourcewatch.org/index.php?title=Levick_Strategic_Communications


Seriously you are linking to a PR firm and presenting their particular brand of high paid bullshit as fact?

No credibility.

[LittleBlue]

54. That data is nonsense. The 2000 recession began before W took office

The dot-com bubble had nothing to do with him, much as I hate him.

Basically you're posting nonsense.

[mikekohr]

60. These are the official numbers, Cheney and Bush talked down the economy for months before and

after the elections. Their tax cuts for the rich erased President Clinton's surpluses, the greatest in history, in less than 7 months. And it took George W. Bush 22 months, nearly three times as long as it took President Obama to return a far deeper downturn into positive job growth. And that point is the basis of this entire thread.

Here are some of the reasons we find ourselves in this mess.

Republicans have been in charge when 9 of the last 10 recessions have started.
http://bureaucountydems.blogspot.com/p/history-of-recessions.html
There are few things that are certain in life but this economic record of the last 58 years provides one. When a Republican is elected to the White House, there is a 100% chance that the economy will slide into a recession and a 50% chance that two or more recessions will occur.With an unbroken record of fubar, failure and foul up one would expect Republicans to have a (FU) after their names instead of a (R).


Republicans have a 70 year record of coming in a distant second to Democratic economic accomplishment.
http://bureaucountydems.blogspot.com/p/economic-record.html

The last three Republicans presidents are responsible for nearly 100% of the increase in the national debt since 1981.
http://bureaucountydems.blogspot.com/p/national-debt.html

Job Growth record.
http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?


As I write this, on "Meet The Press," economic expert Erin Burnett, is reporting that this recession is ending at greater speed than any other slow down in over 25 years. I wish it were occurring even faster. My hopes aside it remains the fastest recovery in 2.5 decades.

It takes time in every economic downturn to put people back to work. The Great Recession which ended in June of 2009 is the deepest economic hole since the Great Depression. It took FDR 7 years to end the Great Depression and years longer to get everyone back to work. During Reagan's sharp recession of 1982 in which unemployment soared to 10.8% it took 48 months AFTER the recession ended to pull unemployment numbers below 7.2% where it was was the recession began.

Ask yourself, "What side of this argument would Teddy be on?"

[Lost4words]

56. Got Tripe? nt

[mikekohr]

63. Got sage advice from laprogressive

from http://www.laprogressive.com/progressive-issues/one-year-later-ten-things-president-obama-has-done-since-hes-been-in-office

People need to stop complaining that he hasn’t done enough. Obama was elected President. He wasn’t elected Jesus. Like Al Sharpton said on Meet The Press, “we now realize that Obama doesn’t walk on water, but he’s still the fastest swimmer in America.”


?
Anthony Asadullah Samad

[mikekohr]

69. New applications for unemployment dropped as did the trade deficit

http://news.yahoo.com/s/ap/20100902/ap_on_bi_go_ec_fi/u...

WASHINGTON – A weak economy got a little lift Thursday with new data suggesting companies aren't pursuing mass layoffs and stores are a little busier.

New applications for unemployment benefits declined for a second straight week after rising in the previous three. Retailers reported surprisingly strong sales in August. And more people signed contracts to buy homes.

Economists were mildly encouraged by the news, which followed several downbeat reports on housing and weaker economic growth last week. But few saw signs that the economy is gaining momentum.

New claims for unemployment aid fell last week by 6,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. The four-week average of claims, a less-volatile measure, fell by 2,500 to 485,500, its first decrease after four straight increases.


-------------------------------------------------------------------------------------------------------------------------------------------------------
NPR reports today that it would take double or triple the current job creation rate over a period of years to "backfill" the hole created by the loss of 8.4 million jobs in "The Great Recession," but noted this is the fastest return to positive job growth in 25 years, nearly 4 times as fast as the return from the far less severe recession of 3/2001-11/2001 and twice as fast as the return to positive job growth fron the recession of 7/1990-3/1991.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com








'

[DemocratSinceBirth]

71. Let's Just Put A Human Face On This

If this economy is as nearly great as you suggest, my fiancee with twenty years of public and private accounting experience should have no problem in finding a job soon that pays a wage commensurate with her experience. The job she currently has which required us to move two hundred miles, and took months to find, has been eliminated because the company is moving.

Also, we are living in Fort Lauderdale. And among the opulence I see are third world living conditions that would make the late Mother Teresa wince.


I don't blame Obama for this economy. It's beyond the control of any one man but intellectual honesty insists that I don't crdedit him for a good economy that doesn't existeither.

This is the worst economy I have seen in my life and I have been around for awhile.

[mikekohr]

72. Exactly as I posted in the OP

We are in the recovery from the Deepest economic downturn in 70 years. This is the fastest return to positive job growth in 25 yerars. The hole Republican Tinkle Down Economic Policies produced is 8.4 million jobs deep. President Obama is not God. It will take time to "backfill" this crater.

Republicans produce recessions. Democrats engineer recoveries. And this recovery is underway.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[DemocratSinceBirth]

73. I Am Sure All The Formerly Employed Homeless People Are Enjoying This Fastest Return To Job Growth

~

[jimmyflint]

74. Well that's good news

Although what I have been seeing hasn't really been matching up with the whole job growth, but I'm sure they know more about it than me. Hell I have been calling it a depression for a year now. I hope they are right, but I ain't gonna hold my breath. It doesn't seem to matter if the money is trickling up or down, somehow it seems to trickle right around me.

[TheKentuckian]

76. The problem is a goofy measurement. You cannot be in positive territory and not exceed population

growth.

We are losing less quickly but we are still very much effectively in the negative by quite a bit.

No doubt this is a drastic improvement from digging a much larger hole but we are not even close to breaking even yet, much less producing enough to begin filling the hole.

The main thing keeping the unemployment level below 10% is we count less people as their benefits expire or they are not eligible and don't get counted at all.

This is why they refuse to fund unemployment extensions in more than in temporary fits when the public pressure heats up and why they refuse to help the 99ers, If they do that pesky number goes up.

[hayu_lol]

78. We currently have over 25 million unemployed or underemployed...

workers in the country. Local schools here (Klamath Falls, OR)had one teaching job open. 31 unemployed(long term unemployed)teachers with Masters degrees applied for the single opening. 30 remain unemployed.

Local jobs: 0. Jobs worked by seniors and/or teens are now filled by degreed people in their late 20s and early 30s. Seniors/teens are shit out of luck.

Improved and lowered new unemployment claims are still running close to half a million weekly. Factories continue to move offshore.

Mike, instead of mythological graphs and charts...tell us exactly what sort of jobs are coming back. 25 million of us would really like to know.

You aren't by chance, a relative of Milton Friedman are you?

Huge increase in the number of recent college grads who are moving back in with mom and dad. That sound like recovery to you?

This is every bit as much a depression as the one we experienced in the 30s...if not worse. Then, the factories just closed...they didn't move offshore never to return.

You can take your data, add catsup, and eat it.

[paulk]

77. I don't think that looking at what's going on in the economy

as if this were a normal "recession" or recovery does much good in the long run. It leads to thinking that the methods used to recover in the last several downturns are going to work here. It's not just a matter of a bigger hole to get out of - the bigger hole creates a dynamic of it's own - and it's going to take some real out of the box thinking from the Obama administration to produce a real recovery.

[DemocratSinceBirth]

80. Recession Caused By Financial CrisesTake Longer To Unwind

And there has never been a true recovery that was not led by real estate.

The proposition that jobs are plentiful is insulting and laughable. It's actually a right wing argument if you think about it because it assumes the unemployed are lazy.

[paulk]

82. insulting is the word

like - "we're not in a depression because GDP is growing" from upthread.

A substantial portion of Americans are in a depression - the numbers - numbers being dragged upward by the disproportionate distribution of wealth in this country - don't mean a whole hell of a lot to those people.

I don't understand what threads like this one are supposed to accomplish.

[mikekohr]

85. They are meant to point out the fact that this is the fastest return to positive job growth in 25

years. It took G.W. Bush 22 months to get the economy to produce positive job growth after his first recession in '01. It took President Bill Clinton 12 months to return the economy to positive job growth during the recovery from G.H.W.Bush's recession of the early '90's.

Everyone on this board should be celebrating the fact that President Obama economic policies have exceeded both of his predecessors in a return to positive job growth. Not acknowledging the positive is a sure way to help push the economy down. Remember how Bush and Cheney talked down the economy for months in a effort to push tax cuts for the rich with the promise that tax cuts for the rich would produce jobs and increase government revenues. It did neither:
?

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

Bush's recession killed 8.4 million jobs. There are a myriad of structural problems that continue to exist and may take years of effort to correct. We all want job growth to occur even faster. No one is dismissing the pain of those that lost their jobs. And no one in this thread has posted links or sources that dispute President Obama's accomplishment of righting a floundering ship of state in better time than any president in 25 years.

And if anyone has sources that disprove this fact please post them here.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com/

[golfguru]

88. US Poverty at record in 2009

http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america

[DemocratSinceBirth]

91. OK

"Everyone on this board should be celebrating the fact that President Obama economic policies have exceeded both of his predecessors in a return to positive job growth."

How about we meet one day this week and you can you tell the men and women, many of whom who were formerly gainfully employed, living in a park near the corner of Broward and Brickell in Fort Lauderdale that "Everyone should be celebrating the fact that President Obama economic policies have exceeded both of his predecessors in a return to positive job growth."

Deal

[paulk]

93. my point is that "the fastest return to job growth" is

a meaningless statement in the context of this particular economic downturn, and is, in fact, insulting to those who have yet to experience the benefits of this so called "recovery".

And that includes those who have found jobs at a substantially reduced income...

This downturn represents a systemic failure of our economy and I don't believe that the Obama administration understands that. I've certainly seen nothing in their proposals that would lead me to believe they think this recession/depression is anything more than business as usual.


"Positive job growth" really isn't saying much when that number isn't even keeping up with the numbers of people entering the job market.

[DemocratSinceBirth]

90. For Job Growth You Need Consistent Three Percent GDP Growth

We don't have that.

You can have positive GDP growth and mounting unemployment if the growth is not large enough.

[hayu_lol]

92. This is a full-blown depression...

unlike FDR, Obama and the "economy is fine" boys and girls, have new money coming in to all locales in the form of SS, welfare and the like which no one had in the early 30s.

The brains on this thread have not said exactly what sort of jobs are coming back. From the laid-off, downsized, offshored workers who are in dire straits, this is not a recovery but actually a deeper depression.

Numbers on paper do not equate to people who used to have jobs.

BS on your fancy graphs and charts showing how well the "recovery" is going.

[mikekohr]

97. Numbers are numbers and facts are facts, however personally inconvienent

-"BS on your fancy graphs and charts showing how well the "recovery" is going."-
You've convinced me. We don't need charts, graphs, links, facts and sources to understand where we are at, how far we've come and where we are headed. We need more anecdotes and opinions, like Rapmaster Ronnie Reagan's cadilac driving welfare queens."
oh wait. That's what we have Fox News for. Never mind. I stand pat.

Your points in the seond sentence are dead on however, sarcasm above not-with-standing. Working people's wages have flatlined and decreased since the 1980's. Remember who lead the assualt on working people? It was the same half-wit I mentioned above.

mike kohr
Bureau County Democrats

ps here's another "fancy" chart for your amusement:
?

those jackass Republicans can't balance a checkbook either

[LittleBlue]

95. Obama chief economic adviser: Unemployment 'Going to Stay High'

http://abcnews.go.com/ThisWeek/goolsbee-unemployment-stay-high/story?id=11616090

So.... anything else to say, or can we just shut this thread down now?

[mikekohr]

96. As the original OP stated if we want to avoid the pain of recovery we have to stop electing

the people that cause the downturns, namely Republicans see: http://bureaucountydems.blogspot.com/p/history-of-recessions.html

I'll end this thread when someone posts sources and links that disprove that this is the fastest return to positive job creation in 25 years.

?

I ask you what side of this debate would Teddy be on?

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[hayu_lol]

98. Get rid of the smoke and mirrors...

tell us exactly WHAT KIND OF JOBS are available. What sort of rebound is found in your personal experience.

Do you work 10 1/2 hours a week...many are doing so today since those are the sorts of jobs that are available.

What kind of jobs Mike?

[DemocratSinceBirth]

100. Mike Said Jobs Are Plentiful

That should make you feel better.

[mikekohr]

102. I never said jobs were plentiful, I've stated that the current return to positive job growth

is the fastest return to this standard in the last 2.5 decades, nearly three times as fast as George W. Bush's return to this standard after the recession of 3-2001 to 11-2001, and twice as fast as President Clinton was able to achieve this benchmark in the recovery from George H.W. Bush's recession of the early '90's.

If you read my posts carefully I stress that full employment is always the last thing to return in a recovery from a recession. Example: it took Ronald Reagan 48 months, 4 miserable "F'ing" years AFTER his recession of 1982 ended, to have unemployment drop back to 7.2% the point where it was at the start of the his recession. As you may well remember unemployment soared to 10.8% and interest rates were an incredible 21.5% during the Reagan Recession.

This recovery has a far deeper hole, 8.4 million jobs deep, to climb up from and backfill. If we want to avoid the pain of recovery we need to take the shovels away from Republicans that dig these holes for us. Working people suffer first, suffer longest, and get relief last in EVERY recovery, repardless of president or party. Those are the cold, hard facts, as much as I regret them.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[Stoic]

103. And yet, I still can't find a job

I must be delusional.

[mikekohr]

104. Remember the 70 year record of monthly job creation, Democrats average 174,192, Republicans 78,754

Every time a Republican succeeds a Democrat in the White House, the job creation rate plummets.
Every time a Democrat succeeds a Republican in the White House, the job growth rate soars. Every time! No exceptions!
see: http://bureaucountydems.blogspot.com/p/job-growth.html


Over the last seventy years, the decrease in monthly job creation when a Republican succeeds a Democrat is 68,913

Considering the steady growth in population of the United States during this time frame the job creation rate should steadily increase each month (currently it must grow by 138,000 per month to keep up with population growth). This trend only manifests itself when examining Democratic administrations:

Listed below is the average job growth increase for all terms served:

http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?


Two things grow when Republican Tinkle Down Economic Policies are in place, unemployment and the national debt.

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[DemocratSinceBirth]

108. Maybe Mike Has A Job For You

~

[Dr.Phool]

105. Jon Stewart is NOT quitting the Daily Show.

Cut the audition.

[mikekohr]

107. You forgot the magic word.

[mikekohr]

110. More Good News

WASHINGTON (AP) — Retail sales rose in August by the largest amount in five months, adding to evidence that a late spring economic swoon was temporary and not the start of another recession.

Retail sales increased 0.4 percent last month, the Commerce Department said Tuesday. It was the second straight monthly increase and the biggest gain since March.

Excluding a decline in autos, retail sales increased 0.6 percent. That followed two relatively flat months and a sharp drop in May.


http://enews.earthlink.net/article/top?guid=20100914/1a...



mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com

[hayu_lol]

111. August increase was due to 'back to school' purchases...

increases in retail sales produce only short-lived minimum wage jobs that can be terminated in a second. Next boom will be in Halloween candy sales, then turkeys, then Xmas and all the booze for New Year.

Minimum wage jobs Mike support neither families nor singles.