Total 10 Year Job Gains: Negative 203k

[mix]

In an economy based on speculation--principally consumer credit and mortgages pushed by the banking-investment complex--this fact would seem devastating. Without jobs there is no income to secure the most meager of credit lines. Consumption is highly constrained. The entire logic of this economic model is impossible. We need to invent something else. The economic devastation of the Bush-Cheney years is unprecedented in our history. It all began with those tax cuts.
http://www.ritholtz.com/blog/2009/09/total-10-year-job-gains-negative-203k/

[tridim]

1. And according to the Republicans, the job losses over those 10 years..

are entirely Obama's fault.

[corkhead]

7. not entirely

He shares blame with Clinton and Carter.

[mix]

8. The devastation takes root during Reagan:

After the economic liberalization of the 80s, the poverty rate in this country never dips beneath 30 million again. Shameful.

[sam sarrha]

2. link>>>

http://en.wikipedia.org/wiki/Donald_L._Luskin

[mix]

3. what's the reference?

[sam sarrha]

4. i just looked up who wrote it, checking the variables. i was there so i shared it... just info.

[mix]

5. Barry Ritholtz wrote it.

http://www.ritholtz.com/blog/barry-ritholtz-curriculum-vitae/

[sam sarrha]

6. sorry, i got on the wrong page.. i thought it was Barry's prophile.. but there isnt one.. here is

how it got to there..sorry

here's what happened..

Barry doesnt have a Wiki Prophile.
what's in the box below was listed as a refference on Wiki, i meant to click on Barry but hit Donald, i am having an eye problem and have little peripheral vission, i didnt notice it was on Donald... :shrug:
________________________________________________________________________________________________________________________
You may create the page "Barry Ritholtz", but consider checking the search results below to see whether it is already covered.

Donald Luskin
Barry Ritholtz, cited in Better Trades http://www. better-trades. com/publications/blogs/ritholtz. asp, February 2, 2009 . http://www. ...
13 KB (1,943 words) - 00:10, 12 October 2009
__________________________________________________________________________________________________________________________________



http://seekingalpha.com/author/barry-ritholtz

[mix]

9. sloppy

;)

[sam sarrha]

11. well, when you get old, get Glaucoma and double vision, i hope you are plagued by dick weeds such

as yourself... Narcissism is it's own best punishment, enjoy

[mix]

15. I apologize for our misunderstanding.

:hi:

[doc03]

10. What the hell is that graph supposed to be

depicting anyway? The numbers on the sides -5000 to plus 25000? On the bottom 50 to 110? That is supposed to be showing 10 year job gains somehow? WTF

[NutmegYankee]

12. Bottom is the year 1950-2010, the side is jobs created over a 120 month span in thousands

So, 20,000 is 20 Million jobs over 10 years. As the graph shows, our present decade sucks.

[Fire_Medic_Dave]

13. It looks to me like the drop started around September of 01. What could have caused that?

[mix]

14. Oh that's right,

On top of the largest tax cuts for the rich in history, Bush-Cheney's negligence permitted the worst terrorist attack on American soil.

Moran.

[Fire_Medic_Dave]

16. Don't be too hard on yourself you aren't a moron.