# Jeg on the Economy
**URL:** https://forums.speedlife.net/t/jeg-on-the-economy/76703
**Category:** PolitiSUCK
**Created:** [November 30, 2009, 8:34am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703 "2009-11-30T08:34:29Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@JEG](https://forums.speedlife.net/u/JEG)
#### Post date: [November 30, 2009, 8:34am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/1 "2009-11-30T08:34:29Z")
[quote=“glitch”"]
You can switch presidents with almost any political cartoon and they would still apply.
[/quote]
Yeah…but there is just one little detail…right now we are in the worst state that this country has been in since the great depression. Obama has no clue what he’s doing. Bitch about Bush all you want…but since Obama came into power, we didnt continue a steady decline…we did a total face plant.
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 8:45am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/2 "2009-11-30T08:45:42Z")
Yeah look at that faceplant!
---
### Author:  [@JEG](https://forums.speedlife.net/u/JEG)
#### Post date: [November 30, 2009, 8:55am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/3 "2009-11-30T08:55:38Z")
Ahh must be the result of the 650,000 jobs Obama created. I must be retarded. I thought that unemployment was still at a record high.
Honestly…I wouldn’t believe much of anything the government spews out at this point. But hey, what do I know. I’m just an uneducated redneck remember. Guess I should put all my faith in the government to fix everything like so many other people.
---
### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [November 30, 2009, 8:58am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/4 "2009-11-30T08:58:03Z")
> [@JEG](#):
>
> [sarcasm]i understand the economy[/sarcasm]
Jobs will be the last thing to recover. We need sustained economic growth before the job losses switch to job gains. We’re on the way, but too soon junior.
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 9:01am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/5 "2009-11-30T09:01:41Z")
Talk about a face plant!!!
(Unemployment Rate)
---
### Author:  [@JEG](https://forums.speedlife.net/u/JEG)
#### Post date: [November 30, 2009, 9:02am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/6 "2009-11-30T09:02:35Z")
> [@Some political cartoons](https://forums.speedlife.net/t/some-political-cartoons/76542/12):
>
> Wow jeg that was srsly so stupid.
>
> srsly
:bloated: Yes. Because our country is getting Sooooo much better. You’re smart and so well educated. Explain to me what is happening right now that the GDP is going up, yet more and more people are unemployed? Shouldn’t it directly reflect the amount of people NOT working? The GDP may be up, but that’s becase of the cash for clunkers program, which will hurt us in the long run. The national debt has gone up 4X what it was in the past year, Unemployment is at a 26 year high… So where is all this extra GDP coming from? because its not coming from us.
---
### Author:  [@JEG](https://forums.speedlife.net/u/JEG)
#### Post date: [November 30, 2009, 9:07am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/7 "2009-11-30T09:07:48Z")
> [@Joe](#):
>
> Jobs will be the last thing to recover. We need sustained economic growth before the job losses switch to job gains. We’re on the way, but too soon junior.
Oh my bad. To my understanding we’re trillions in debt. Guess its gettin paid off. :tup:.
/sarcasm
How do we get sustained economic growth without jobs? Obama Money?
---
### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [November 30, 2009, 9:14am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/8 "2009-11-30T09:14:08Z")
Jesus christ. How many things can you get wrong in one post?
1.) GDP drives unemployment. Not the other way around. GDP goes down, there’s a lag, then unemployment goes up. GDP goes back up, there’s a lag, then unemployment goes back down. What is happening right now is that we are in that lag, and it hasn’t gone up enough to get to previous levels yet. It does not reflect the amount of people not working any more than circumstancially. Unless you worked at Lehman, you didn’t suddenly lose your job when private investment went in the shitter overnight. It took awhile.
2.) Cash for clunkers? It’s such a small part of the GDP that we could have 10 of them and it wouldn’t make a 1% blip.
3.) Unemployment is at a 26 year high because of an inherited recession. Like I said, that stock market crash in 2008 is showing up with jobs now.
4.) You’ve been pwned on the 4x national debt issue before, someone needs to quote Fry.
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 9:14am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/9 "2009-11-30T09:14:41Z")
> [@JEG](#):
>
> The national debt has gone up 4X what it was in the past year
We’ve been over this before.
> [@Unofficial tinfoil hat thread.](https://forums.speedlife.net/t/unofficial-tinfoil-hat-thread/55939/67):
>
> I think he meant because since Obama has become our president, the national debt has quadrupled, we have the highest unemployment rate since the depression, and the government is taking control of private sector business, which it has no right at all to do.
> [@Unofficial tinfoil hat thread.](https://forums.speedlife.net/t/unofficial-tinfoil-hat-thread/55939/68):
>
> 10.6 x 4 = 11.3!!! Yay!!!
And therein lies the problem. It’s not that you should trust the government. Nobody should ever trust their government. It’s that so many people spew their favorite rhetoric despite having no idea what the facts are.
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 9:16am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/10 "2009-11-30T09:16:10Z")
> [@Joe](#):
>
> 4.) You’ve been pwned on the 4x national debt issue before, someone needs to quote Fry.
You can usually count on me for that. I am my biggest fan. :pimp:
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 9:18am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/11 "2009-11-30T09:18:30Z")
JEG would be really pissed if he knew that government spending is part of the GDP summation, so a portion of the GDP rise is coming from deficite spending AKA “Obama Money.” Shhh nobody tell him…
---
### Author:  [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)
#### Post date: [November 30, 2009, 9:59am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/12 "2009-11-30T09:59:39Z")
lmao this chart is so misleading. Unemplyment is still on the rise. All of this “growth” is caused by borrowing and inflation. You cant have a recovery with unemployment on the rise. You can fake one for a little while, but we will soon see what that does.
> [@Fry](#):
>
> Yeah look at that faceplant!
---
### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [November 30, 2009, 10:03am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/13 "2009-11-30T10:03:23Z")
You can’t turn around unemployment without a recovery. You have to prime the pump.
---
### Author:  [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)
#### Post date: [November 30, 2009, 10:08am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/14 "2009-11-30T10:08:00Z")
rly? Ok let me know when unemployment starts to turn around. Kuz i PROMISE you its not going to. That is if we keep committing to this same style of “recovery” that everyone is so convinced is going to work.
---
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [November 30, 2009, 10:09am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/15 "2009-11-30T10:09:04Z")
Raw data is misleading? :io:
---
### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [November 30, 2009, 10:09am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/16 "2009-11-30T10:09:47Z")
All I want to add is thank you for un-shitting up my awesome political cartoon thread by moving this crap to it’s own thread.
---
### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [November 30, 2009, 10:11am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/17 "2009-11-30T10:11:15Z")
> [@97\_B18b1](#):
>
> rly? Ok let me know when unemployment starts to turn around. Kuz i PROMISE you its not going to. That is if we keep committing to this same style of “recovery” that everyone is so convinced is going to work.
There’s no way to force private investment to come back in. The best thing we can do is to have the government eat the slack demand for awhile until it’s self-sustaining.
---
### Author:  [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)
#### Post date: [November 30, 2009, 10:15am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/18 "2009-11-30T10:15:16Z")
By eating slack demmand you mean paper over everything which we both know me and you have very different viewpoints on that so instead of shitting up this thread with our vast but differeing knowledge i will just say that history, austrian economics, and my gut tell me its not going to get better, only worse.
---
### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [November 30, 2009, 10:17am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/19 "2009-11-30T10:17:40Z")
haha, austrian economics theory acceptable. JEGonomics invalid.
---
### Author:  [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)
#### Post date: [November 30, 2009, 10:28am UTC](https://forums.speedlife.net/t/jeg-on-the-economy/76703/20 "2009-11-30T10:28:54Z")
i must admit i did piccard as soon as i saw the thread title. Guess its my fault for clicking on the thread in the first place.
> [@Joe](#):
>
> haha, austrian economics theory acceptable. JEGonomics invalid.
[Next page](https://forums.speedlife.net/t/jeg-on-the-economy/76703.md?page=2)