Obama will be number 1
 

1932 we had the highest recorded unemployment rate @ 23.6 %
Not sure who has president in 32 and has been at the top of that list For the last 80 years but he will be number 2 soon enough !
Yay Obama !

Hoover, was replaced by FDR in 32.

Dam

Lmao have to wake up pretty early in the morning.

The powers that be will never allow that number to happen whether it's real or not.
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How fitting that the actions taken by FDR during that time of highest unemployment now has us about to drown in debt.

The New Deal was good for that generation and the generation after it. Today, the New Deal was the snowflake that started the avalanche that will completely smother my generation and that of my children's children in crippling debt if we continue down this path.

There's also the flip side that the New Deal helped usher in the fastest economic and societal growth the planet has ever seen.

I just find it amazing that Obama hate has surpassed faith in America.

-spence

Back then, people WANTED to work for pay, not so much these days.........

Back then, people WANTED to work for pay, not so much these days.........


There is your hate Spence !
Growing up my grandfather preached to me of how back then how embarrassed people were if they needed help or a hand out.
Today a handout is EXPECTED !

Our parents, NO ONE, I'm sayin NO ONE want to go on the dole.
Today it is the expectation.

I do agree Ronnie, it should NOT be an EXPECTATION.

That was also a time in society when most adults were ashamed if they couldn't fully support their family, men wanted to work, families were willing to do what was necessary to support their country and American Patriotism/Nationalism wasn't stigmatized.

Being a Career Welfare Recipient wasn't a job description back then.

IMHO, many people today are afraid of hard work and don't know what it is.
One of the best gifts you can give your kids is a summer job working on a
farm,for a landscaper or in constuction when they're young.
Problem is there is prolly some kind of Govt regulation, in the over 80,0000
on the books, to prevent it.

do not know about a farm...my grand kids will be working part when they turn 14...they do not have to ...there college is paid for....they do not know that ...but they will work at a Mac Donalds or a Burger king...they will never ever be a professional athlete making a lot of money....they R very fortunate and they will realise what work is and could lead to

Not only has the welfare & handout system been turning this country into a #^&#^&#^&#^&hole society be got a huge % who kiss the ass of some politician when it's time to campaign just so they can get a union hack job.
My opinion, the unions had their time & purpose in this country but that time was generations ago and now it's nothing but organized crime, not so much the trades who I have compassion for as if there is no work, they don't work and don't get paid.
The public unions are a HUGE problem in this country today !

United States presidential election, 1932 - Wikipedia, the free encyclopedia

hmmm .. Oh, this happened before,, GOP mess passed on ,, Hoover to FDR .. Just like Bush to Obama ,, good point .

Revisionist history is a wonderful thing isn't it.

Remember a couple of pieces of legislation signed into law by Slick Willie that repealed legislation signed into law by FDR that helped get us out of the depression.

Mortgage reform and the GLB act! Ring a bell. Kind of the perfect storm for setting up the failure we are experiencing now in our economy. Difference was FDR did something other than hand out money he didn't have. He put people to work. Obama just prints money to pay for failed programs. Kind of tough to create jobs when you have no clue how to. Maybe next time the Dems should put some one on the ticket who has had his name on the front of a few paychecks and not just on the back of them
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Today we also pay into systems like TDI that are there if we need them. I wouldn't have any problem taking unemployment benefits if I needed them.

As is indicated in the chart posted, the increase in food stamp use under Obama is primarily a reflection of a massive recession and job market that's shifting into a different mode. Obama did expand benefits but I believe that's going to expire soon.

Interestingly though, Food Stamp use under Bush was also climbing dramatically faster than previous administrations, even as Bush was cutting taxes to record lows.

Moody's did an interesting study on Food Stamp's as economic stimulus.

Food stamps offer best stimulus - study - Jan. 29, 2008

-spence

right, government borrowing money to provide foodstamps, unemployment benefits that never end and welfare in general are great ways to stimulate a stagnent economy.....we should just borrow more and put everyone on the dole :)...wait...that appears to be what we ARE doing...:uhuh:

hey, if you follow that article to the end there are some links listed and highlighted...the first is "5 Signs of Dimensia"...I think they're all contained in that article

Typical irrational response.

-spence

irrational???

you just posted "Food stamps offer best stimulus"

too funny

Read it.

-spence

I did, it measures the most effective sugar rush if you are going to dump borrowed money into the economy....we've had massive "stimulus", a couple of recovery summers and I believe we just found out that July was a new record for new Food Stampees- long after Bush and the so-called recovery......I guess the economy should be singing base on your theory, but it's teetering and growth in anemic....

http://www.csmonitor.com/Business/Pa...amp-recipients

“For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls.”
http://www.infowars.com/food-stamp-g...-job-creation/


"This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data. One glance at the number reveals why: at 47.1 million, this was not only a new all time record, but the monthly increase of 420,947 from July was the biggest monthly increase in one year."

Huh? Nobody is stating that food stamps are a fix, rather when isolated they offer a better return...

-spence

no they don't..if that were true we'd be seeing one hell of a return....in the long run this is a permanent expansion of government spending...as was most of the "stimulus"....they offer a better sugar rush if you view the economy as static, reduction of tax burden and regulation on business matched by reductions in government spending would be a much better alternative....but...can't reduce government spending can we?...this is the RI version of economic stimulus...increase $$ to those dependant on government making them more permanently dependant on government and then expand casino gambling so that you can bus them there on payday as well as sell them cigarettes and booze and lottery tickets = "revenue"....viola!

Spence, if food stamps offer a great return, and food stamp use is at an all-time high, why aren't we seeing that great return?

How do you know you're not?

-spence

Because record numbers of folks are on the food stamps, record dollars are being spent on food stamps, and yet the economy sucks. Because Warren Buffet didn't get rich by handing out food stamps.

Seems to me that if 47 million food stamp recipients (out of 300 million Americans) were such a great investment, we'd see soem improvement.

Spence, would the economy be better off if (1) everyone needed to be on food stamps, or (2) no one needed to be on food stamps.

This is a from a guy who works in busiess of some sort? Saying that welfare (especially welfare that we have to borrow to provide) is a good investment.

Spence, you are spending waaay too much time here when your supposed to
be working to keep the market up above 13,000.
How come it's down 755 since O got re-elected. :huh:
Maybe even more issuance of foodstamps would help, oh wait that's right, they are
issuing many more. :)