Quote:
Originally Posted by momonkey
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It sucks? You are way to kind.
Looking...
Mircea
Quote:
Originally Posted by modeerf
Here's another interesting graph.
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Uh, okay, that is truly a concern, but more importantly is the public debt to GDP ratio. Your public debt is roughly $10 TRILLION with the non-public debt (the worthless OASI Trust Fund, OADI Trust Fund, HI-Medicare-Trust Fund etc) being about $5 TRILLION. Over the next 8 years, as you draw down those Trust Funds, that debt is converted to public debt and the ratio of public debt to GDP increases and it will cause even more problems.
Graphically...
Mircea
Quote:
Originally Posted by buzzards27
Except that nose dive Bush left Obama has been slowing, look closely the end of that chart is beginning to hook.
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Yeah, well, a person who has been shot and is bleeding to death eventually stops bleeding.
That is not necessarily good news, especially if the reason they stopped bleeding is that they died.
Medically...
Mircea
Quote:
Originally Posted by california-jewel
It is not good, and i am not lying. 9 people from one place of employment were just let go, a mananger that has been with the company for over 12 years, was also let go. She is so upset with the other eight let go. This was from one place of employment.
I know people also whose hours have been greatly reduced. And people working double loads. This is a good economy, does not look that way to me.
Some very established firms, are also letting people go, it is actually getting darn scary out there. And this is some of that Chagne brought onto us from Obama, which was suppose to bring us Hope and Good Change.
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That will continue, but not at the pace it once did here recently.
Quote:
Originally Posted by california-jewel
I want the number of all unemployed who have actually stopped looking, and cannot find a job.
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Roughly 5.85 Million.
Statistically...
Mircea
Quote:
Originally Posted by noexcuseforignorance
Ahh, you do know that the economy is growing right? Iran has always been a big problem. Why are you whining about Obama?
Perphaps you should actually look at GDP growth before you start talking about the economy not getting better.
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Your GDP growth for 2011 was a dismal 1.7%.
Yes, I know the recent claim was 2.Something% for 4th Quarter 2011, but we still have two revisions to go, and that will be revised downward.
Also, there's no relation between GDP growth and employment. Your GDP can grow and grow and grow but that is no guarantee employment will ever pick up.
As a point of fact, as your GDP slowed through the last couple of decades, your employment increased, which is counter-intuitive.
Not impressed...
Mircea
Quote:
Originally Posted by ditchlights
Add to that percentage the people in this country that are massively underemployed, and that number may well exceed 30%.
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Quote:
Originally Posted by Huckleberry3911948
read the article. it does not show it but 46% of americans work FTE.
they are carrying the rest of us. but mostly we make up the gap with lots and lots of debt.
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Yes, that is a terrible problem. Underemployment in conjunction with a lower labor force participation rate guarantees that you cannot fund your social welfare programs like Social Security and Medicare.
Agreeing...
Mircea
Quote:
Originally Posted by bobtn
the anti-business attitude of the last three years has US corps hoarding trillions of dollars on their balance sheets , which equals lost employment opportunities.
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I don't necessarily see that. Corporations have no choice but to stock-pile cash in order to fend off hostile take-overs and leveraged buyouts. In a volatile economy, the stocks could drop precipitously, leaving any corporation who isn't sitting on a mountain of cash to be completely vulnerable.
Corporate raiding...
Mircea
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