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so its dropped to the levels of the MIDDLE of the recession...recession began late 07....
yep that's some improvement
The economy briefly climbed out of recession 3rd quarter "07" before falling back into recession. Current levels of unemployment claims are roughly at the "break even" point - no major gains in jobs but no major losses either - so YES that IS an improvement - especially from when GW left the economy last January (when the number was roughly 700,000).
Expect the new year to show JOB GAINS - if not right out of the gate, then certainly within a couple of months.
The economy briefly climbed out of recession 3rd quarter "07" before falling back into recession. Current levels of unemployment claims are roughly at the "break even" point - no major gains in jobs but no major losses either - so YES that IS an improvement - especially from when GW left the economy last January (when the number was roughly 700,000).
Expect the new year to show JOB GAINS - if not right out of the gate, then certainly within a couple of months.
All of this spin ignores that 400K+ more people are out of work this month. Yes the expectation was for more. Kind of like the doctor telling you that he only has to amputate your leg at the knee instead of the hip.
Last month the unemployment rate dropped and everyone celebrated while ignoring that the rate dropped because people had run out of UE benefits.
the ecomony is NOT improving,, it has slowed its DOWNWARD motion, but its still down
WRONG (as usual)!
The economy IS improving. Factory orders and production are UP, company profits are UP, hours worked are UP, temp hiring is UP, company valuations are UP - and full time hiring is about to begin (it might even have started ALREADY - we'll know next week).
In any event the economy IS improving - and improving RAPIDLY.
You can continue to stick your head in the sand (or anyplace else you'd like actually) but facts are facts - and more and more it's becoming very very clear that the recovery is HERE (in it's early stages admittedly, but HERE nonetheless). If you continue to deny the obvious, as time goes by you will simply look more and more foolish.
Ken
Last edited by LordBalfor; 12-31-2009 at 12:09 PM..
Ahh what an absurd lie that is. 23 million jobs were created under Clinton. Bush then torched the economy, not once but twice and left office in a complete and utter free fall losing more than 2 million jobs during his last 3 months.
sorry chief, but the lie is that 23 million jobs were created by clinton
FACT the USA has lost 50+ million jobs since 1994
FACT clinton created 15 million LOW PAYING JOBS yet lost 30 million high paying jobs
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In his signing statement, President Clinton was praised by Vice President NAFTA as an issue that was able to “transcend ideology†and gain bipartisan support. Clinton compared the signing of NAFTA to the fall of the Berlin wall, while promising that “NAFTA means jobs.
American jobs, and good-paying American jobs.†Clinton promised that “NAFTA will create 200,000 American jobs in the first two years of its effect†and “a million jobs in the first five years of its impact.†Of course, this did not happen.
For residents of Michigan, the impacts of the NAFTA have hit close to home. As corporations have moved jobs outside of the United States to maximize profits by paying lower wages and to escape regulations, the economy in Michigan has suffered. According to the Economic Policy Institute, all fifty states have experienced job loss due to NAFTA, although Michigan is among the hardest hit states. The Economic Policy Institute has determined that Michigan lost over 630,000 jobs due to NAFTA. In a 2004 video produced by Media Mouse titled “The Adventures of the NAFTA Bunny,†Media Mouse documented several thousand jobs lost in West Michigan at area companies ranging from Electrolux (2,700) to Johnson Controls (885).
While explaining that “jobs moving to Mexico†is a result of NAFTA is commonplace in Michigan and around the United States, less examined is the role of Bill Clinton in passing NAFTA. NAFTA was negotiated and signed under the Bush administration, but was ratified in Congress in 1993 following an aggressive push by Bill Clinton who made NAFTA a major legislative priority. Clinton aggressively promoted NAFTA as part of his agenda despite public opposition of 2-to-1 against the trade agreement. Clinton joined the rest of his administration and corporate lobbyists in a “full-court press†for votes on NAFTA, making it a “do or die†vote. In order to secure the votes for its passage, Clinton aggressively lobbied Republicans and offered money for pork projects in exchange for votes, while organizing a series of ineffective “side agreements†that were designed to counteract opposition from the labor and environmental movements.
I always found it funny that they base unemployment levels on the amount of people filing for benefits. So here's the kicker question: How many people are unemployed, but are either not filing for benefits or unable to?
Yep..... Fewer claims means there are fewer people left that are eligible to file. They're already unemployed!!!!!
The economy IS improving. Factory orders and production are UP, company profits are UP, hours worked are UP, temp hiring is UP, company valuations are UP - and full time hiring is about to begin (it might even have started ALREADY - we'll know next week).
In any event the economy IS improving - and improving RAPIDLY.
You can continue to stick your head in the sand (or anyplace else you'd like actually) but facts are facts - and more and it's becoming very very clear that the recovery is HERE (in it's early stages admittedly, but HERE nonetheless). If you continue to deny the obvious, as time goes by your will simply look more and more foolish.
All of this spin ignores that 400K+ more people are out of work this month. Yes the expectation was for more. Kind of like the doctor telling you that he only has to amputate your leg at the knee instead of the hip.
Last month the unemployment rate dropped and everyone celebrated while ignoring that the rate dropped because people had run out of UE benefits.
Get educated - 450,000 is the NORMAL amount of new unemployment claims for a "break even economy". Even an economy with strong growth typically has 350,000 new claims per week. Even in a BOOMING economy there are always a small percent of folks losing their jobs. This happens when poorly run companies fail, plants close because a company changes location, production of particular items end, etc, etc etc.
350,000 sounds like a lot - but the fact is, that's just a tiny fraction of the workforce - roughly 1/10th of 1 percent of the population. In a nation of 300,000,000+ SOME folks are ALWAYS loosing jobs (as other people gain jobs).
Yep..... Fewer claims means there are fewer people left that are eligible to file. They're already unemployed!!!!!
80+% of the workforce have jobs.
Ken
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