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Forum Post: 58 Million US Workers Lose Jobs Because of Obama/Wall Street

Posted 3 years ago on Aug. 18, 2014, 2:22 p.m. EST by sky99 (0)
This content is user submitted and not an official statement

Shortly after President Obama took office, there was a massive deletion of workers. Between 2008 and 2010, official US unemployment went from approximately 5% to 10% and the “Shadowstats” unadjusted unemployment went from less than 15% to more than 23%, where it has stayed. Government data show that there are 250 million workers, so an unemployment rate of 23.2% is approximately 58 million people out of jobs.

The workers consisted of retail, school employees, professions such as nurses and lawyers, government workers (state, local and federal), and even the military services.

If Barack Obama had known of the massive scale of the worker cutbacks, why didn't he warn the public?

There are rumors that if Wall Street fixed itself from the financial meltdown of 2008, other companies were encouraged to outsource jobs to other countries to make greater profits.



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[-] 2 points by JohnNash (15) 3 years ago

Our problems with banks aren’t over. Just because news sources in the USA aren’t reporting on it doesn’t mean our problems with the economy have been solved by the US Government. The effects of the 2008 Meltdown are still driving global economy.

Global confidence in the USA integrity has been severely damaged by 9/11 Terrorirst Attacks, Iraq War, Afghanistan War, Mortgage Crisis and the way the American people responded to them.

The US Citizens need to become more involved in the politics, city councils, state officials, and federal officials. The lobbyists have taken over our government.

Wall Street needs more exposure. Is Wall Street the power center?

Keiser Report: Destabilization, Algobots, Counterfeiting (E474)


Keiser Report: Empire of Fictional Cash (E624)


Keiser Report: Time to Fake US Manufacturing? (E625)


The Men Who Crashed the World - Meltdown Part 1


The Men Who Crashed the World - Meltdown Part 2


The Men Who Crashed the World - Meltdown Part 3


The Men Who Crashed the World - Meltdown Part 4


[-] 1 points by trashyharry (3082) from Waterville, NY 3 years ago

Obama clearly knew that the future of a large chunk of the American workforce is going to be chronic,long term unemployment,underemployment and total job insecurity.That is why Obamacare was negotiated.Obamacare is a totally crappy program,but it does provide a way for people to obtain insurance if they have low or no income due to unemployment or underemployment.It also abolished the practice of redlining people who have preexisting conditions.No way would any politician even think about muddying the waters of policy debate with such a program unless they knew that deaths of patients due to uninsurance and hospital bankruptcies were about to spike higher and higher.The sht will hit the fan again when the medicaid reimbursements expire in a few years.By then,Obama will be out of the way and the do-si-do to Republicans will have taken place.The stark reality will be the same-nobody inside the Beltway cares how we die,where we die,why we die,or how many of us die.Elite politicians of both parties,along with corporate,business and academic Elites have adequate,affordable health insurance.Not only that,no person that they care about is without it.Most of them don't even personally know a single American who has to actually break a sweat to earn a living,or who has to take a long pause before spending as small an amount as 20 usd's.Butter wouldn't melt in their mouths,but maybe someday a fkn sinkhole will do the world a favor and swallow them and their parasitic families up entirely.Hope dies last,as they say in Gaza.

[-] 1 points by DKAtoday (33496) from Coon Rapids, MN 3 years ago

Basically - TPTB ( yes including OH-Bummer ) should damn well know that they are now creating ( wholesale ) an atmosphere - RIPE - to promote all forms of Violence Death and Disease - Right here in the Good Ol US of A.

[-] 1 points by trashyharry (3082) from Waterville, NY 3 years ago

Europeans had to endure several decades of high unemployment-especially high youth unemployment.So when the usual suspects started the big push to shove the EU where the sun don't shine,Europeans were finally manipulated into it with the same old lie-"more and better jobs." What a crock of shit-such obvious mendacity could only work on people who were desperate.The EU goes through,and every single intractable problem became way,WAY worse-and new serious problems appeared to go with them.Now Europeans are suffering a bad case of Buyers Remorse.Hopefully the Europeans will revolt and remove the invisible powers that are ruining their lives.

[-] 1 points by DKAtoday (33496) from Coon Rapids, MN 3 years ago

Austerity - hmmm - lets visit it upon the greedy wealthy - Hey? I think that "that" could make a huge difference ( improvement ) in any countries economy.

[-] 2 points by trashyharry (3082) from Waterville, NY 3 years ago

O Hell Yes.

[-] 1 points by DKAtoday (33496) from Coon Rapids, MN 3 years ago

An unequivocal agreement - Refreshing - you are obviously not a politician. {:-])

[-] 1 points by JackPot (87) 3 years ago

Untouchables on Wall Street


[-] 1 points by StillModestCapitalist (343) 3 years ago

Newsflash: The economy was in free fall before Obama took office. When economies tank, jobs are lost.

There is only one place where 'quick' recoveries to severe global recessions are possible.

That place is Fantasy Land. Otherwise known as Fox Land.

[-] 1 points by Zophim99 (12) 3 years ago

That's right! he's only had 2 terms and $6 trillion dollars to fix it. These fascists are always complaining about jobs. When will they learn a job ain't nothin but work!

[-] 0 points by BradB (2693) from Washington, DC 3 years ago

that's BS ... Obama did warn everyone.... it's just that your news source Fox News ... did not report it.... that's why Obama care came about... because 17% of the economy was in healthcare management and he wasn't going to allow another 17% to become unemployed due to centralized healthcare....

Obama has done everything he can to boost the economy and create jobs.... it's the ASS Hole Republican fascist's that has tried to stop every effort ... GET IT STRAIGHT .... fascist !!!

[-] 1 points by MattHolck0 (3867) 3 years ago

San Diego is home to the largest concentration of military in the world. Total employment in the sector accounts for one of every four jobs in the San Diego region. This includes uniformed military, defense contracting and civilian employment, and related support employment. San Diego is the home port for more than 60 percent of the ships in the Pacific Fleet. Expertise in the defense-related research and development includes command and control systems, reconnaissance and surveillance systems, unmanned vehicles and cyber security.

because we don't have anything else to do with our time

[-] 1 points by BradB (2693) from Washington, DC 3 years ago

Matt... I agree... the industrial age is old history ... the military complex is the last holdout of industrial capitalism.... wall st... is example of attempts to keep economy expanding thru the simple manufacturing of money.. accomplishing very little and often resorting to theft .. The uprising support for "Social Wealth" (what I used to refer as Social Capital) ... is really the beginning of a new era ...

[-] 1 points by turbocharger (1756) 3 years ago

Oh lord here we goo.....