It’s hard to believe that a CBS outfit like 60 Minutes dropped a bomb like this just nine days out of an election that is expected to feature Democrats taking a UFC style beating, but nonetheless, they did.
“One third of all unemployed have been out of work for over a year. That hasn’t happened since the Great Depression.”
Flashback:
I don’t want Americans to know what you have done for them, Harry. I want them to understand what you and the other liberal Democrats through the decades have done to America.
It was government intervention in the free market that caused the problems we see today. Government intervention created 17% unemployment. More of the same won’t correct it.
It’s time to correct the problem. November 2 is the first step.
Hat Tip: JammieWearingFool via Memeorandum
Don’t you think that we would employ more people if we just contine to confiscate from those who do have jobs? I for one could stand a much deeper reach into my pockets. Those of us who are producing just need to quit being so damn mean and shake loose some coin.
See, I know you, so I know you are being sarcastic. In the future, you might consider ending these little rants of yours with this:/sarcThat’s indicates your sarcasm ends there. It’s a take off HTML code, the code used on the Intertubes. :)And you’re right. This is a matter of government overreaching.
They’re just getting ready for when the repubs take the house and possibly the senate back. They’ll claim that it’s because the American people elected the repubs and that caused the unemployment to jump. They pulled the same crap in 2000 when the “2000″ recession began. Never mind that the economy was dying in 1998 and the real recession began when the dot.com bust hit. No one felt that busted bubble because the Fed loosened the monetary policy. The same loosening that was done in the early 1920s. And, just like the 1920s, our economy roared in the early 2000s because of loose monetary policy and lax credit lending standards. And, just as in the 1930s, we are now busted from the vary same thing and we’re trying the same, old, dead ideas to recover the economy that were tried in the 1930s.
Now, we’re going to have a zombie economy for the next 10-20 years while the crud in the pipes cleans out super slowly because we don’t let failed businesses die. Doesn’t it concern anyone that GM who hasn’t made a real profit since the 70s (that I am aware of) is now showing profits? What happened? Did they get in there and cut away at its dead flesh? No. Did they get super innovative and come up with products that are killing the competition? No. (In fact, Ford got innovative and did come up with products after telling the gov’t to keep the money and Ford is showing major profits and is expanding their operations). What made GM profitable was nothing more than taxpayer money transfusions. As soon as they do that IPO (if they really do it), they’ll be crying over unfair competition as they always have (at least in my life time they have). Frankly, I seriously doubt they’ll do the IPO or will under force from the repubs.
* Gets down off of soap box *