Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There will be no true economic recovery for a long time if ever. What we are seeing now is a superficial recovery very similar to the 1933-1937 recovery during the Great Depression. The stock market soared, GDP rose, banks were making profits, yet nobody was hiring and unemployment remained at staggering levels.
That's exactly right.
Quote:
Originally Posted by Nicet4
Get ready for the communist in charge to trumpet job growth.
Obama already got burned for lying about that.
ABC January 11, 2010
Quote:
The Obama administration has taken some heat and mockery for using the nebulous and non-economic term of jobs being “saved or created” by the $787 billion stimulus program.
So it’s gotten rid of it.
In a little-noticed December 18, 2009 memo from Office of Management and Budget director Peter Orszag the Obama administration is changing the way stimulus jobs are counted.In other words, if the project is being funded with stimulus dollars – even if the person worked at that company or organization before and will work the same place afterwards – that’s a stimulus job.
Remember BJ Bill in the Hummer Office? Reducing overtime by 2 hours "created" (snicker) 10 jobs.
Quote:
Originally Posted by Arjay51
Or it could mean, as I have stated elsewhere, that there are fewer jobs to lose due to the continuing high rate of unemployment.
Quote:
By Christopher S. Rugaber, AP Economics Writer
March 5, 2010
WASHINGTON – The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to occur.
The Labor Department said it wouldn’t quantify how the snowstorms that hammered the East Coast last month affected job losses. Some data in the report signaled the storms didn’t reduce payrolls as much as had been feared.
Economists had estimated that the storms could inflate job losses by 100,000 or more. That would mean the economy generated a net gain in jobs last month, excluding the impact of the snow, for only the second time since the recession began in December 2007
Is that freaking hilarious or what?
There's a "net gain" because they didn't lose as many jobs as predicted? Yeah right.
Economic indicators besides jobs have been positive for at least six months.
Perhaps you also should be aware that those economic indicators that are growing need to grow at a much quicker pace to get any job creation.
Just because economic inidicators are positive does not mean that jobs automatically follow. Obviously you only have a very simplistic range of knowledge about economics but hey - Anything to defend your Savior!
Possibly some of these libs who are making all the noise about the Dow JOnes didn't see that the drop today was about $250. I wonder what they will think if that continues a few days, say next week.
The cutest thing about them is that another 484,000 came out looking today and you have to add them onto all the othr 400,000 + from weeks gone by.
I am ready for libs to think of a good way to convince the unemployed people that recovery has really started. It should really bust the White House people to think of how to do this.
Economic indicators besides jobs have been positive for at least six months.
Perhaps you also should be aware that those economic indicators that are growing need to grow at a much quicker pace to get any job creation.
Just because economic inidicators are positive does not mean that jobs automatically follow. Obviously you only have a very simplistic range of knowledge about economics but hey - Anything to defend your Savior!
I've been around for over half a Century, and every single economic "recovery" has been a "jobless recovery." I can't tell you how sick I am of hearing that term. It's a term like "healthy terminal cancer patient," or "fiscally responsible federal government"--something that by definition cannot exist.
Economists are about as scientific as witch doctors, and about as useful in planning for your future. Look back at articles published by economists in prior years, and you realize that they have absolutely no idea what the economy is going to do. Will we have inflation or deflation, and how long before one or the other starts? Will interest rates increase or will the Fed continue to hold the line? The only thing you know for sure is that by time it hits the media, it's too late.
Modern economists think we can base a national economy on moving finances around, or building and construction for an ever-expanding population, or even government spending. Most Americans (hopefully) are smart enough to know better. When we sent our manufacturing overseas and embraced "free trade" for the benefit of a few ultra-rich robber barons, we cut our own economic throats. We watched England follow the same path to irrelevance, but refused to learn from history.
Only an economist would think that an economy could recover while the population continues to increase and jobs continued to disappear. And let's not even talk about the fact that the vast majority of jobs being created are low-paying service industry or temporary jobs, while the jobs being lost are the ones that used to provide a living wage.
What good is mandating that every company pay the full cost of elaborate health insurance for every worker, if you drive half the companies out of business? The road to hell is paved with good intentions, but we need to realize that the results are what matter.
Do you want a government handout or something? You want the government to create jobs? Go get a job yourself or start your own business. Pull yourself up by your boot straps and take some personal responsibility.
Do you want a government handout or something? You want the government to create jobs? Go get a job yourself or start your own business. Pull yourself up by your boot straps and take some personal responsibility.
But this is exactly what your leader Obama has promised, minus pulling yourself up.
He claims to save and create jobs, spread wealth so the poor don't have to work and make everyone equal in his eyes.
In other words, he is sponsoring the conversion to the nanny state and you decry it while supporting him.
I love how people try to convince others that the economy is on the up swing when people continue to lose their jobs and their homes.
It reminds me of that saying "If wishes were horses, then paupers would ride".
Too many people are becoming helpless - and what happens when it all hits the fan?
How many of the newly created jobs were just those census jobs - and I'm sure there were a whole lot of them considering how every city and town and rural area needed census workers but now what?
Manufacturing is the only way out of this - but we're so behind in that now. Imagine what it would take to bring it back. Our factories have sat empty for too long, we haven't kept up with the machinery needed. Who has that kind of money to invest - but why would they when the Chinese can make everything so cheaply and have made the technology advances while we sat idle. And since the Chinese workers don't pay our kind of taxes, they can work for much less.
It's not just China but the English speaking people of India have higher literacy and the advantages of a common language and are taking over on all that requires that.
If we make imports cost as much as it cost us to make it here, you will see unemployment numbers drop.
We have had import tariffs, until Clinton joined the WTO/GATT.
Look when jobs and manufacturing started to leave the USA!
Look at the influx of foreign workers, since the early 90's, taking Americans jobs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We'll All Bear the Costs
