A Quote by Ben Bernanke
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
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With 1.7 million private sector jobs lost and half a million jobs shipped overseas over the past three years, we must take action to spur job creation and restore economic prosperity.
In 1970, there were approximately 330,000 prisoners in the US. Today there are 2.3 million behind bars - more than any country in the history of the world. In 2009 alone there were 1.6 million drug-related arrests in the U.S. 1.3 million of these were for possession of drugs alone. Over half were related to marijuana. The forty-year war on drugs has cost $2.5 trillion.
Nine million people - nine million people lost their jobs [in 2008]. Five million people lost their homes. And $13 trillion in family wealth was wiped out.Now, we have come back from that abyss. And it has not been easy.
You add one million citizens to the voting rolls in this state, that's a significant, significant difference. You do that nationwide, it's a significant difference.
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with.
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
'Poda Podi' was made in 2008 and should have released in 2009. The movie didn't come out on time and so it lost its charm.
So more than 8 million people lost their jobs. It's going to take a significant push on our part and time before that comes down. I don't anticipate it coming down rapidly.
Like many places across the country, Wisconsin lost more than 100,000 jobs from 2008 to 2010. Unemployment during that time topped out at over 9%.
Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.
After eight years of [Barack Obama], look what happened in this election. Did the country flip again? No. I maintain it didn't flip in 2008-2009, and we were not a 60% radical leftist population like they tried to portray it as.
Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.
Now, in an analysis of campaign finance filings by Politico we learned the [Donald] Trump campaign has paid Trump businesses more than $8 million so far in this race, that includes $1.3 million in rent for campaign offices, half a million for food and facilities for events, over $300,000 for corporate staffers, and nearly $6 million for the use of Trump`s private plane.
President Bush is now focusing on jobs. I think the one job he's focusing most on is his own. The White House is now backtracking from its prediction that 2.6 million new jobs will be created in the U.S. this year. They say they were off by roughly 2.6 million jobs.
When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
According to FBI statistics for 2008, only 22 percent of murder victims were killed by strangers. More than 30 percent were slain by family members, boyfriends, and girlfriends. Nearly half of all murders were committed by friends, neighbors, and casual acquaintances.
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