651,000
| By Michael Ditto - Mar 6th, 2009 at 10:09 am EST |
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Categories: Effective & Ethical Government, Consumer and Worker Protection, Action Alerts, Budget Priorities
Categories: Effective & Ethical Government, Consumer and Worker Protection, Action Alerts, Budget Priorities
That's how many jobs were lost in the United States last month.
It's over 4 million since the recession began. Here's a visual:
Yet our legislators in DC are only getting calls from constituents who are being driven by astroturf groups that are funded by right-wing ideologues.
So if you have a minute, take two seconds to place a call to our delegation and tell them you have their backs.
Senator Udall - 1-877-7-MUDALL (683255)
Senator Bennet - (202) 224-5852
Representative DeGette - (202) 225-4431
Representative Polis - (202) 225-2161
Represenative Salazar - (202) 225-4761
Representative Markey - (202) 225-4676
Representative Lamborn - (202) 225-4422
Representative Coffman - (202) 225-7882
Representative Perlmutter - (202) 225-2645
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Michael is giving us the data to fight back. Let's get to it...
What is the difference between what Obama is doing and what Chavez is doing? Obama is buying assets whereas Chavez is taking assets. The problem is that it is YOU and ME and our children and grandchildren that are paying for Obama to buy all these companies.
As I asked Ditto, who are these "wingnut" strawmen you are trying to blame?
The difference between what Bush did (and Obama is continuing with stricter oversight) and what Chavez has done and continues to do is that the law that grants the authority to buy shares in these corporations requires the shares to be sold back into the market as soon as the money is repaid. If the money is not repaid and the company goes bankrupt, the federal government is the highest priority creditor.
Chavez intends to keep the means of production and distribution state-owned forever.
GDP decreased at an annualized, seasonally-adjusted rate of 6.2% in the 4th quarter of 2008. It was not one month, and it was not 6.2% in a month.
GDP increased for the first two quarters of 2008.
Here is the actual data by the agency that compiles it: Link
We are way past finger pointing and blame. We're talking about what to do next. And as Congress considers what to do next, they are hearing only from right-wing ideologues, which gives them a false impression of where public support lies. Public polls show that 2/3 of Americans support Obama on this, but from the point of view of the people answering the phones in DC, zero percent support Obama. Calls matter. If they didn't, we wouldn't do it.
Could you name some of these right-wing ideologues? If you want to put up the strawman, back it up.
Go ahead and blame Bush and the rest of the conservatives. Luckily the rest of us know that it was Clinton and the Community Reinvestment Act that started this mess. It was pushed to the breaking point by Bawney Fwank and Chris Dodd pushing the bad mortgage rules and refusing to let congress investigate Fanny May and Freddie Mac.
I would love to blame Obama since he has been in office 45 days and lost 4 million jos in the last month, but I wont. I would like to blame the Porkulus bill, but the DJIA is already showing us what the stimulus package is doing for the economy (Down 30% since taking office and down over 50% since being elected).
At least Pelosi can claim another record... Massive spending pushing the US to bankrupcy, and now the greatest unemployment since Clinton..... A few more months and she can claim FDRs unemployment record.
The subprime market is almost entirely operated by private banks that are not regulated by CRA or the Federal Reserve, and are not backed by Fannie or Freddie. That is not to say Fannie and Freddie didn't jump on the subprime bandwagon, but to a very small extent compared to private lenders.
You, my friend, have been hoodwinked by the same right-wing astroturfers that I was talking about. The very same as those who put on the anti-stimulus rally on the capitol steps complete with swastikas, hammers, and sickles.