georgephillip
Diamond Member
- Dec 27, 2009
- 43,776
- 5,208
Or maybe it's rich Democrats (and Republicans) who benefit from high unemployment?I'm LOLing at the butthurt Liberals in this thread who can't face the reality that Obama is a failure!
He was voted in because he's Black, he'll be voted out because he's a failure. Deal with it!
They would do well to remember that no Democrat has ever won re-election with unemployment over 8%. For some reason, Americans like jobs.... maybe Democrats don't but the rest of us, we do.
Between 2000 and 2010, with "the Decider" in the White House for eight years, only the USSR managed to lose more jobs in a single decade than we did.
Over the last two years, unemployed Americans have helped the richest 1% of their countrymen (and women) recover trillion$ in financial wealth.
"On the basis of sustaining economic growth, the United States is doing better than nearly all advanced economies. From the first quarter of 2008 to the end of 2010, US gross domestic product (GDP) growth outperformed every G-7 country except Canada.
"But when it comes to jobs, US policymakers fall short of their rosy self-evaluations.
"Despite the second-highest economic growth, Paul Wiseman of the Associated Press (AP) reports: 'the U.S. job market remains the group's weakest. U.S. employment bottomed and started growing again a year ago, but there are still 5.4 percent fewer American jobs than in December 2007.
"That's a much sharper drop than in any other G-7 country.'
"According to an important study by Andrew Sum and Joseph McLaughlin, the US boasted one of the lowest unemployment rates in the rich world before the housing crash - now, it's the highest.[1]"
Why the Rich Love High Unemployment | Truthout