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Originally Posted by Rochard
But I don't get this. The unemployment rate has little to do with Obama and everything to do with the Recession. Obama didn't cause the recession. President Bush was in office when it hit (and you can even argue Bush wasn't at fault as well).
Take politics out of it. Brett, you've been to my house and seen my hometown here. We were building and building like madmen before the recession hit. When the recession hit everything went to hell and a handbasket. Businesses went under, and our tax revenue disappeared. Tons of people lost their houses. Exactly half of the houses on my street were vacant. And now come election time they are pointing fingers at the current mayor and the current town council saying our town's problems are because of them. It isn't. They weren't in office leading up to this, and they weren't in office when the recession hit. Instead, they are doing their best to pick up the pieces and move forward - which is difficult at best if not impossible.
This isn't a four year problem. It's most likely not an eight year problem. It's a ten or twenty year problem. This is a massive world wide problem that has foreign governments on the brink of collapsing. This is massive and it happened under a Republican president.
We should be thankful un-employment is only at 8%.
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Part of the Glass?Steagall Act of 1933 was eliminated with the passage of the Gramm?Leach?Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. The legislation was signed into law by President Bill Clinton. Many believe that this act is what allowed the banks to get into the trouble that started it all.
Obama had more power than any sitting president in a long time by having both the house and the senate in democrat control. There were many things he could have done to generate (Shovel Ready Jobs ) what limited him was all the regulations that the government itself has in place. That and giving all that money to Solyndra because of campaign contributions and 1.4 billion to Bright Source which was 1.8 billion in the red, but a major share holder was Robert Kennedy Jr and one of the employee's of Robert Jr was Sanjay Wagle, he was a major contributor to Obama's campaign and was given a job with the department of energy, he ended up as the person that gave the check to Bright Source.
What does that have to do with anything about jobs? Obama asked for our trust and was let down, he said that the stimulus would keep the country going and not let the unemployment rate get to 8%, well, it went past that and stayed there till today. If Obama had handled that money better, the country would be in a better place now.
Obama took care of his hommies first I guess?
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that