U.S. Economy: Companies Cut More Jobs Than Forecast in August
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why wouldnt they design it that way? what sense does that make
It only makes sense to those who fall for the BS.
So pathetically sad to watch the followers try and rationalize the economic and fiscal policies of American Government.
why wouldnt they design it that way? what sense does that make
They designed it that way because we let them. Politicians are not qualified to create an economic stimulus package because most of them did not study economics. They literally threw something together and rushed it out the door. Keynes wouldn't have even approved of what our leadership considers to be stimulus.
How in the hell is the economy "stabilizing" when hundreds of thousands of people are losing jobs every month!
Its certainly not. Just some smoke screen they are using to make people believe things are getting better. Or, some idiotic economist who has set up his calculations wrong.
There is NO WAY the economy is improving if more and more people lose jobs.
I gave an opinion yesterday that part of the reason the president's approval rating is dropping in the polls is because people expected to see better results from the stimulus package immediately, fact is it wasn't designed that way.
That may well be, but that's how the President sold his package. Not to mention Joe Biden's comment about the stimulus being about a three letter word: Jobs, Jobs, Jobs, Jobs, but, you know, who's counting (600K--not)?
We just went through our 3rd round of layoffs THIS year. The next round happens in October. We are already down to half the staff we had at the beginning of this year. I don't care what kind of flowery rhetoric Obama is spouting off. Facts are facts and there are real people going through real hard times right now.
How in the hell is the economy "stabilizing" when hundreds of thousands of people are losing jobs every month!
Bloomberg is unreliable (as is all US domestic media) on most subjects, but for Bloomberg, that unreliability with economic issues is a given.
Don't read them, if you want to understand the "why".
That's not to say we are in a recovery- the opposite is true.
Just as Krugman, et al, predicted: the "Stimulus" Bill was underfunded by 2/3, and contained way too many (1/3 of the total) tax breaks, which do not stimulate a depressed economy, such as ours.
Also,
Obama's failure to change our trade policies (which are our basic problem) negates any recovery, other than the phony kind we've seen since the 1980's.
So, of course, the Depression will continue, and will worsen in two years- as soon as the muffled effects of the paltry stimulus fade.
The real question is:
What kind of scam (we've seen a Defense Build-up, and a Housing Boom) will be created by the head sheds in DC and Wall Street to simulate a real economy?
This time.
Last edited by Geechie North; 09-02-2009 at 02:46 PM..
Bloomberg is unreliable (as is all US domestic media) on most subjects, but for Bloomberg, that unreliability with economic issues is a given.
Don't read them, if you want to understand the "why".
That's not to say we are in a recovery- the opposite is true.
Just as Krugman, et al, predicted: the "Stimulus" Bill was underfunded by 2/3, and contained way too many (1/3 of the total) tax breaks, which do not stimulate a depressed economy, such as ours.
Also,
Obama's failure to change our trade policies (which are our basic problem) negates any recovery, other than the phony kind we've seen since the 1980's.
So, of course, the Depression will continue, and will worsen in two years- as soon as the muffled effects of the paltry stimulus fade.
The real question is:
What kind of scam (we've seen a Defense Build-up, and a Housing Boom) will be created by the head sheds in DC and Wall Street to simulate a real economy?
This time.
Bloomberg is unreliable? I completely and utterly disagree.
Bloomberg is unreliable? I completely and utterly disagree.
Very much so.
Per an interview on PBS last June, Bloomberg's News Operations Chief admitted that they only cover stories in which they have a financial interest.
For example, Bloomberg never had an Iraq Bureau.
And since Bloomberg only covers stories where it has money riding, and since it is covered (or un-covered) by the law of Akre V Fox News, which says a newssource can lie about any story it wants for financial reasons (see a pattern here?), it is a given that Bloomberg will produce bald-faced lies about any story it covers re: economic issues.
Or anything else, really. But especially economic issues.
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