Biden says no 'stagnation' in employment numbers

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  • JJL Eugene, OR
    May 7, 2012 11:13 a.m.

    Mr. Biden: It is not just stagnation, but stagfaltion - low productivity cuppled with inflation. The Keynesian economic policies of the mid-late 1970s brought us stagflation, and Mr. Obama is repeating those same mistakes on a massive scale. When will we learn that the US Government cannot spend its way out of a resession/depression? It robs the private sector of capital needed to create jobs and improve productivity. It didn't work for FDR, it was a disaster for Nixon, Ford and Carter, and it isn't working now. The US needs to strangle its debt with deep spending cuts like we strangled inflation in the early 1980s with higher interest rates and lower taxes that set the nation on the longest stretch of economic prosperity in half a century.

  • procuradorfiscal Tooele, UT
    May 7, 2012 6:54 a.m.

    Re: "Obama . . . portrayed himself as a champion of a struggling middle class."

    Can't argue with that -- middle class wouldn't be struggling if it weren't for him.

  • Hemlock Salt Lake City, UT
    May 6, 2012 11:35 a.m.

    Thanks, Mr. Biden. You said it, so it probably isn't true or relevant. If Obama were as smart as he claims to be, his campaign would send you on a radio-silent, fact finding mission to Antarctica until mid-November. Every time you speak I pray for the president's good health.

  • My2Cents Taylorsville, UT
    May 6, 2012 9:12 a.m.

    Of course its not stagnated, unemployment has gone in severe recession where we now have 88 million employable americans unemployed and on federally funded Obama unemployment disabilities programs. Unemployment by the real numbers is well over 14% if you count those not getting unemployment benefits and want to work.

    And I think the Utah unemployment rate is even worse then the 14% federal unemployment rate because so many illegal aliens taking jobs off the market. Utah doesn't count those on welfare looking for jobs as unemployed. They are in the socialist state funded program which is paying unemployed workers substitute wages from welfare.

    No Romney can't make the unemployment any worse, but he will continue the Obama economic destruction plans of suppressing prosperity and providing more welfare to offset and re-designate unemployed as socialist dependents of government who don't need or want a job.

    Hide the people who want jobs with welfare to take them off the market as Obama has been doing for 3 years and beyond. The only problem with socialist programs hiding those who want jobs is that it is not sustainable and a sign of a worsening recession.