The unemployment rate in March of 2008 (5years ago was 5.1%) Even using the U3 number the last was for Feb 2013 and was 7.1% but the U6 is 14.1% for Feb 2013.
Stock market is artificially high from all the cheep money the Fed has been pumping into it. You know the QE 1,2 and 3. When that stops the market will adjust and most likely drop. Also because of the artificially low intrest rates even with the market reaching these high levels it's not as strong as the first ever time it broke 14000 back in 2007.
the housing market was just starting to fall off in 2008 but was still higher than is is now. Once again itis high on the cheep money from the fed and as with the stock market once the fed stops pumping money in it will also adjust.
As far as working to better the country the republicans have passed a budget every year since Obama has taken office. Today is the first time in over 4 years that the democrats have even submitted a budget, and it calls for one trillion dollars in new taxes. Just how is that bettering the country?
Re: More truth
Member #: 5567
Registered: 1996-2001
Posted:
3797
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John
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