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Old 12-04-2010, 04:00 PM
 
Location: Planet Eaarth
8,955 posts, read 18,837,341 times
Reputation: 7193

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Warning! Warning! Wil Robison there is real danger ahead!!!!

"Well, our collective debt is starting to catch up with us. There is a sea of red ink on every level of American society. It is only a matter of time before it destroys our economy.

If you think that things are bad now, just wait. Things are going to get a whole lot worse. A horrific economic collapse is coming, and it is going to be very, very painful."


Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read
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Old 12-04-2010, 05:39 PM
 
14,256 posts, read 16,298,316 times
Reputation: 13759
"Gross domestic product, the broadest measure of the economy, has recovered 84% of the output that was lost during the recession, but the labor market has recouped only 11% of the jobs that were lost."

Biggest drag on jobs: Employers doing more with less workers - Dec. 3, 2010
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Old 12-05-2010, 02:24 AM
 
Location: state of procrastination
3,487 posts, read 6,730,810 times
Reputation: 2892
It's not a recovery per se if it hasn't hit bottom. Armageddon!

The reason jobs haven't recovered is this. Most of the jobs "created" during the boom years were pure fluff, and serve no purpose. This is the real state of things, the new status quo. We haven't really hit bottom yet until the underemployment/unemployment rate peaks. The GDP might be rising, but that's just losing the dead weight.
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Old 12-05-2010, 04:31 PM
 
48,508 posts, read 88,963,114 times
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Mnay oif the jobs like in tehe 70's recession will not be coming back and onhly took a recession to finally put a slow death end to them.Its alot of what has happened to things people bought they really didn't need in the past,most have cut way down;job or no job.
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Old 12-06-2010, 10:55 AM
 
Location: 3rd Rock fts
752 posts, read 1,010,018 times
Reputation: 304
Quote:
Originally Posted by miyu
It's not a recovery per se if it hasn't hit bottom. Armageddon!

The reason jobs haven't recovered is this. Most of the jobs "created" during the boom years were pure fluff, and serve no purpose. This is the real state of things, the new status quo. We haven't really hit bottom yet until the underemployment/unemployment rate peaks. The GDP might be rising, but that's just losing the dead weight.
This country needs to create productive WORK—jobs will follow! Shallow, body-filling, job creation is causing Gov’t deficits & illusionary prosperity.
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