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However the REAL unemployment rate (if you look behind the sugar coated numbers put out by the government) is at 12.2%, the highest it has been in 15 years. This number is up 33% over the past 12 months. And it is rising. The Real Unemployment Rate | The Wall Street Examiner
Now, if you read the U-6 Report (issued by the United States Department of Labor-- Bureau of Labor Statistics) you learned the real rate of unemployment is 16.8 percent versus 10.3 percent in June 2008. Real Unemployment Jumps to 16.8 Percent - Blogcritics Politics
It may be all the unemployed, and the informed, who believe stimulus is not working.
it was not massive government spending, it was MANUFACTURING! we actually produced things that other countries wanted and our GDP benefited from that.
we have shifted to being a consumer nation and now we are just borrowing, not producing, and there is quite a difference.
Ummm... so we agree. Government spending pulled us out of the Depression.
Ummm... so we agree. Government spending pulled us out of the Depression.
Good.
as long as it is properly directed Government spending will turn around an economic downturn. Spending in pork ridden BS does not help the economy long term. Putting money back in people's pockets via tax credits and such does.
The homebuyer tax credit worked. the cash for clunkers worked...
More of this is needed. Less of stupid political "stimulus bills".
as long as it is properly directed Government spending will turn around an economic downturn. Spending in pork ridden BS does not help the economy long term. Putting money back in people's pockets via tax credits and such does.
The homebuyer tax credit worked. the cash for clunkers worked...
More of this is needed. Less of stupid political "stimulus bills".
We were talking about World War II, but I agree with your overall point. If this stimulus money would actually get out, I think there's a strong value in rebuilding infrastructure and expanding rail transportation options. Some of the stimulus was excess waste, for sure.
We were talking about World War II, but I agree with your overall point. If this stimulus money would actually get out, I think there's a strong value in rebuilding infrastructure and expanding rail transportation options. Some of the stimulus was excess waste, for sure.
I don't disagree, but your comment about expanding rail transportation triggered the thought that Amtrak has done so well, why not?
misnamed. it stopped a free fall. those 10% of the jobs gone are not coming back. permanent contraction of the economy.
welcome to burger king may i take your order, is next when UIB is gone.
we will never know if it stopped a free fall. what we do know is that we have rising unemployment (higher numbers again today), failing commercial real estate, increasing home foreclosures, and INCREASED DEBT to pay for this so-called "stimulus".
the so-called good news is that wall street is doing temporarily well, with no accountability and no mechanism in place to stop another free fall!
We could of told you that before it was passed - Oh, that's right! We did.
Funny, 0bama and Biden say it is working as intended. Apparently they intended to stimulate the economy with 5% of the money in 7 months, add to our debt and deficit, was intended to lose about 3 million jobs and create 9.5% unemployment. Wish we would have known all this before we were told we needed to rush it into law.
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Unemployment rising dramatically
