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Typical "doom and gloomer" response.
Nothing is good news until it returns us to the "good old days".
LOL
Ken
Do you dispute anything that I said? I said it's "good news." But I also said that taxpayers control our banks and our automotive industry, and our unemployment is at record highs. I don't dispute what the record shows on dipping unemployment numbers, but "Big News" may be overstating it just a tad bit. I'm a pragmatist. The proof will be in the pudding.
I DID check FOX News - I just didn't look beyond the headline page - which admittedly I should have done. Clearly FOX News doesn't think it's important enough for the front page. God forbid they don't have room for their "Pop Tarts" section and other sex-related stories such as the one about Ex-Playmate Holly Madison's top falling off.
Ken
Her top fell off? When? Where? How did that make her feel?
I God forbid they don't have room for their "Pop Tarts" section and other sex-related stories such as the one about Ex-Playmate Holly Madison's top falling off.
Ken
hold on a minute.. I have to check out a Foxnews story..
I am now on board with you. The turn has begun. how strong it will be and how far it turns is yet to be determined but it is heading in the right direction.
Welcome aboard.
Yes, the next big question is - how robust will the recovery be?
The truth is no one knows - and opinions are all over the place (even among the experts) - that's part of the reason why the stimulus money is so important at this stage. As it begins to be spent it will bolster the recovery and speed it along.
There are of course longer term concerns with all that money being spent - but at the moment "the house is on fire" and if that means we need to borrow money to buy water and fire extinquishing equipment, well then we do that - and worry about how to pay for it later. Not a happy situation or response, but necessary at the moment.
Ken
Last edited by LordBalfor; 06-04-2009 at 08:22 AM..
Do you dispute anything that I said? I said it's "good news." But I also said that taxpayers control our banks and our automotive industry, and our unemployment is at record highs. I don't dispute what the record shows on dipping unemployment numbers, but "Big News" may be overstating it just a tad bit. I'm a pragmatist. The proof will be in the pudding.
Of course it's "big news". The turning of the tide is ALWAYS big news. It doesn't mean the war is won yet, it just means a MAJOR MILESTONE has been reached. This is the first time in nearly FOUR YEARS that's happened.
BIG news will be when those that are unemployed, are once again employed, and making a living wage. Until that happens, I dont see much improvement on the horizon.
The patient is still in critical condition, and near death, but looks like, just maybe, he's stabilizing a little. Pretty much what I make of the OP. Not big news, but slightly better news...............
Of course it's "big news". The turning of the tide is ALWAYS big news. It doesn't mean the war is won yet, it just means a MAJOR MILESTONE has been reached. This is the first time in nearly FOUR YEARS that's happened.
BIG news will be when those that are unemployed, are once again employed, and making a living wage. Until that happens, I dont see much improvement on the horizon.
The patient is still in critical condition, and near death, but looks like, just maybe, he's stabilizing a little. Pretty much what I make of the OP. Not big news, but slightly better news...............
Not even slightly better, people have stopped looking for jobs. Do you think there are jobs being created? (outside of government) no. Companies are still shedding jobs.
Not even slightly better, people have stopped looking for jobs. Do you think there are jobs being created? (outside of government) no. Companies are still shedding jobs.
Actually private sector jobs ARE created every single month - even during the height of a recession - usually somewhere in the neighborhood of 5 million a month. A high unemployment rate - or even an increasing number of people filing for unemployment - does not mean that no jobs are being created, it simply means that more are being lost than are being created. Over the last few months I believe this percentage has been in 10 to 20% range (which is pretty bad).
It seems however that that is changing now. As the ratio of number of jobs lost vs number of jobs created changes the total unemployment rate will begin to drop.
Could it go up again yet?
Of course it could - so far the drop is VERY SMALL and I'm sure the gain is fragile, but it will strengthen over time and thus the job situation will improve. Once the number of new unemployment claims drops to about 300,000 or (I believe) a week then that is considered "normal" (ie an unemployment rate of about 5% - compared to close to 10% right now). That probably won't happen until next year some time, but between now and then it's likely we see the unemployment rate bounce around a bit, and then begin to drop off.
For all the Obamabashers etc out there who have endlessly complained that the good economic news that's come up over the last few months is meaningless because unemployment keeps increasing - well, here's the first indication that overall unemployment (NOT just NEW CLAIMS (as has been happening for several months now - but OVERALL unemployment)) has started to drop. This is the first time in nearly 4 years that that's happened. This is big news folks.
This is usually the LAST thing to recover in any recovery - and it seems to be starting to happen - following a whole bunch of other, earlier positive signs.
"WASHINGTON - The number of people on the unemployment insurance rolls fell slightly last week for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday. "
And no, FOX News is NOT yet reporting it. As usual, good economic news is now being report first on Left-leaning MSNBC while Right-leaning FOX news drags it feet - but even THEY will report it any time now.
Ken
My only comment is "I hope that you are right." We need some good news.
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