The Green Shoots NOT Thread (solutions, paycheck, rates, Austin)
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how much longer til the double dip recession happens?
I predict next fall. By then Government support will be minimal, home prices (although up on a month to month basis) will be sliding again and unemployment will have barely improved. This all leads to a lack of demand.
While there are signs of more economic/manufactoring activity it is not nearly enough to support any great job recovery.
I predict next fall. By then Government support will be minimal, home prices (although up on a month to month basis) will be sliding again and unemployment will have barely improved. This all leads to a lack of demand.
While there are signs of more economic/manufactoring activity it is not nearly enough to support any great job recovery.
There is not enough consumer activity. Jobs are scarce and what's out there is low paying. Credit is dried up as well. How do consumers go out and buy all the plastic pumpkins when they worry about their jobs ?
I know, I know..government charts say plenty of jobs got created.
But I also know my neighbor's two son-in-laws got laid off this week and there was a stealth firing at my job of a good number of people.
Sorry..I'm just not feeling those green shoots around me. I still have a job but don't feel secure in it at all and save all I can ....just in case.
If more are feeling like me then you won't get consumer spending rev'd up again very soon. Because we're all stashing our extra money away...just in case.
Budget deficits..what else can you do. It's happening all over the country.
We're gonna have to suck it up and make do. State and Local governments have mandated balanced budgets.
There's no revenue. Can't raise taxes cause too many are out of work.
So, what's your solution, Summer73? You conservatives always post (with a seeming degree of delight) everytime more people lose their jobs. Not necessarily happy they lost their jobs, but in the sense that you seem to feel validated in believing current policies are failing to solve the problem. Otherwise, why do only people from your ideology post such stories?
McCain proposed to freeze all federal spending as his solution to this mess. Would that have solved it by now? Would these transit workers have kept their jobs? I'm asking seriously, not sarcastically. I don't see how that would have solved anything by now.
From what I can tell, a stimulus has provided some cover for state and local governments to minimize stories like this. But so many can do nothing but attack anyone who supports it.
The stimulus was only a bandaid though bluefly. With an extremely weak recovery there just isn't the revenue to pick up what the stimulus covered.
The government bet on a quicker recovery. It didn't happen. Reality is setting in and government services will be cut.
Just today the Austin Texas school board had to declare a fiscal emergency so that they could legally fire people who are under contract. Again..stimulus money ran out and bills have to be paid. $7 million deficit and they have to cut about 100 jobs now.
The thing is New York didn't have a budget problem. It wasn't perfect but there's been worse. Bloomberg raised tolls, fares, city alcohol and tobacco taxes and school funding without the intent of redistributing or investing. He's a former Wall Street guy who views government like a corporation. He's essentially getting every dime he can get and minimizing the pool to distibute the wealth. With the good amount of money made by the city, he hasn't started any significant public works project. The subway stations are still disgusting, there are still massive potholes every other block, the cops are vastly underpaid, the schools are failing, and he hasn't done crap. He's a greedy pig that couldn't care less about the city and its well-being. The one significant thing he did was expand the health services branch. This past year, more peanut, pretzel and hot dog vendors were shut down more than any year in the city's history. Bravo
The MTA was in debt but the city wasn't. And the pretzel guys aren't gone, there are just less of them. But being from Philly I prefer a Philly Soft Pretzel (preferibly with cheese whiz to dip) over a NY pretzel
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Green shoots! 1,000 NYC transit workers cut
