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Thread: More Job Seekers Give Up

  1. #91
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    Re: More Job Seekers Give Up

    doesn't mean anything---LOL!

    . To the degree that the $1.7 trillion in short-term U.S. Treasury bills extant as of March must be converted into longer-term U.S. Treasury securities, the U.S. government will be forced to pay a higher annual interest rate on the national debt.
    link above

  2. #92
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    Re: More Job Seekers Give Up

    The American workforce is in transition. Big Business and even Big Government now employ qualified part-time workers. It is an employers market in the U.S.

    Recently IKEA opened a new manufacturing center in Virginia (if memory serves me). My initial thought was that IKEA wanted a manufacturing facility closer to the American market. Yeah, well partly. As it works out the American IKEA workers are paid LESS than their European counterparts. They work more hours and have less leave time. In addition, a significant number of the IKEA manufacturing workers are PART TIME, limited or no benefits.

    Fortunately my wife and I are fully employed, with full benefits. More and more of our friends - degreed professionals with years of experience - who are fortunate enough to re-enter the workforce are way, way underemployed and often as not are accepting part-time positions. Their employers are increasing profits by screwing employees.

    There is certainly something wrong with the picture. If the Teabaggers and Republicans or even Democrats know of a better way it would behoove the respective party affiliated to step up and make a difference for America NOW. Let's forget parties for a second (and by the way I can't stand any of the current corporate backed parties or their turdy lap puppet "politicians") and think about the People. If there is a better way then now is the time to step up and show it. Here's an effing clue giving corporations free rein to f*ck over Americans is NOT the answer. American workers have sacrificed, American workers and want to be workers ARE sacrificing now. It's passed bloody time for corporate America and their Congressional whores to get real and step up. I don't know what the solution is but I damn well know what it is not. It is not off shore bloody feckin accounts and corporate welfare and corporate tax avoidance, sending work off shore and massive corporate profits. Not now. No damned way!

    If ANY goddamned party has an answer far too many good American people cannot wait until 2012 to have an answer. Platitudes won't get it. Creditors don't understand platitudes.
    Last edited by Risky Thicket; 06-04-11 at 10:24 PM.










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  4. #94
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    Re: More Job Seekers Give Up

    Quote Originally Posted by Goldenboy219 View Post
    Do you read a persons response, and then post the first red herring that comes to mind? The stimulus did what it was intended to do given the size and trajectory of the spending. You know what's rich? People posting in topics that center on economics without the ability to keep up with the conversation.
    No it did not do waht it was intended to do. Acording to Obama it was suppose to make it to where unemployment would not go over 8%. It failed...miserably.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

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  5. #95
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    Re: More Job Seekers Give Up

    Quote Originally Posted by obvious Child View Post
    Come again? Mortgage derivatives and CDS are not products of the CRA and existed in some forms before its legislation. Furthermore, CDS are often issued entirely outside of the banking system. Furthermore, the majority of bad mortgages were made by banks not covered by the CRA. Wherever you get your information from, it's entirely wrong. Furthermore, bank ratings are not issued by the government nor does the government pay the rating agencies.



    The majority of Fannie and Freddie purchases were high quality mortgages. The issue now is that the massive recession made formerly good mortgages bad. Foreclosures on nearby homes who's mortgages were not bought by Fannie/Freddie would cause the good mortgages home value to decline. Coupled with job loss by the mortgage payer and a good loan goes bad. Note that NOTHING about the original loan was bad.



    Come again? CDS only become problems when the issuer does not have the capital should the CDS be called in. AIG issued several hundred billion in CDS potential liability then it had in assets. The problem is not the CDS. It's the capital of the issuer. I think you should at least get a cursory understanding of the topics you write about before writing about them.



    How is it not AIG's fault that it issued CDS with aggregate total liability far in excess of its capacity to meet even a fraction of its liabilities with its available capital?
    CDS is fundamentally insurance. If the insurance issuer does not have the capital to meet liabilities, that is its fault. Furthermore, the increase demand for securitized mortgages caused many NON-CRA banks to issue, chop up and sell mortgages. And you are ENTIRELY leaving out how Moody's basically committed one of the largest acts of fraud in history by rating securities it knew were total crap as investment grade.



    It helps to understand what you talk about before posting. Or you end up looking foolish. Like you do now
    Default swaps and mortgage derivatives as a percentage of trading skyrocketed and became a problem AFTER the CRA sponsored legislation and debt engineering. Saying when they started is a good talking point but knowing when they became a large enough portion of the market is whats important, not when they started. They became big business AFTER CRA.

    You are not a lender. All loans carry a risk assessment. An assessment that near disappears when backed by Fannie May and Freddie Mac because as GSAs it was always assured that the loans were government backed---directly or indirectly. A lender knows damn good and well what the default chances are on a loan when they write it, the kicker is whether it is backed by another entity or not. With FM backing they had never had the gigantic default issues they are experiencing now.

    AIG certainly is at fault, the government is also at fault not just for regulating a structure to make those types of transactions legal but through administration process making them preferrable to a certain extent if it was covering mortgage derivatives and FM backed debt. AIG never expected nominally backed mortgages to collapse in the way they did.

    LOL of course they did...a mortgage derivative is what someone says a group of bundled mortgages is supposedly worth, how in the name of god can you assume it going to be worth anything without individual risk assessment? You cannot but it didnt matter because the government had its paws all over the mortgage market with CRA guidelines ensuring that the loans were made and had to written off someway, somehow. Its easy to see now it was a terrible practice, but at that point it was all the rage to push home ownership for votes---on both sides of the aisle.

    You seem to want to push all the blame for this onto the companies. Well I dont agree with that as I know the corporate cronyism was alive and well---the influx into the housing market walked hand in hand with government legislation pushing risky loans and when you run anything by positive feedback eventually it goes out of control.

    Both the government and the companies engaged in political and economic greed and they covered each others asses. Neither side paid the amount they should have---the banks should have been allowed to fail and the government should have been routed far harder in 2008 and 2010 to try new approaches---the old ones arent working.

  6. #96
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    Re: More Job Seekers Give Up

    Quote Originally Posted by Risky Thicket View Post
    The American workforce is in transition. Big Business and even Big Government now employ qualified part-time workers. It is an employers market in the U.S.

    Recently IKEA opened a new manufacturing center in Virginia (if memory serves me). My initial thought was that IKEA wanted a manufacturing facility closer to the American market. Yeah, well partly. As it works out the American IKEA workers are paid LESS than their European counterparts. They work more hours and have less leave time. In addition, a significant number of the IKEA manufacturing workers are PART TIME, limited or no benefits.

    Fortunately my wife and I are fully employed, with full benefits. More and more of our friends - degreed professionals with years of experience - who are fortunate enough to re-enter the workforce are way, way underemployed and often as not are accepting part-time positions. Their employers are increasing profits by screwing employees.

    There is certainly something wrong with the picture. If the Teabaggers and Republicans or even Democrats know of a better way it would behoove the respective party affiliated to step up and make a difference for America NOW. Let's forget parties for a second (and by the way I can't stand any of the current corporate backed parties or their turdy lap puppet "politicians") and think about the People. If there is a better way then now is the time to step up and show it. Here's an effing clue giving corporations free rein to f*ck over Americans is NOT the answer. American workers have sacrificed, American workers and want to be workers ARE sacrificing now. It's passed bloody time for corporate America and their Congressional whores to get real and step up. I don't know what the solution is but I damn well know what it is not. It is not off shore bloody feckin accounts and corporate welfare and corporate tax avoidance, sending work off shore and massive corporate profits. Not now. No damned way!

    If ANY goddamned party has an answer far too many good American people cannot wait until 2012 to have an answer. Platitudes won't get it. Creditors don't understand platitudes.
    Here is a clue. Stop bashing the corporations you want to hire folks and find collaborative ways for them to hire here. Does it sound as stupid to anyone else that we scream and curse at corporate heads and then wonder why they want to locate elsewhere?

  7. #97
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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    1) Drilling moratorium ended
    And, still no permits being issued.

    2) There are more wells leased today than there were under the last president. Most of them aren't being tapped. I wonder why
    Because no permits are being issued.

    3) Contraction always happens after recession
    Whatever new talking point that is.
    4) Not all jobs are energy related
    True, but alot of jobs are and how much sense does it make to kill jobs, when we need every job we can get?
    5) Productivity has increased since the recession
    But, drilling hasn't. Drilling is the segment of the industry that creates most of the jobs. You know the difference between drilling, exploration and production, right?

    6) Companies have consolidated/merged since the recession, ending more jobs.
    Now, that's a crock. Nice try, though.

  8. #98
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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    Since you want to play the semantic game, Cain's solutions are talking points without substance because he doesn't out line any of the HOWs, just like Palin. The only person I know on the repub side who outlines any HOWs is Ron Paul.
    But, his policies suck ass.

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    Re: More Job Seekers Give Up

    Quote Originally Posted by obvious Child View Post
    Which implies that the conditions that caused it were caused by Democrats. Which would be extremely ignorant of history almost as a whole.
    Not really, but I know how you are. So, I'll consider the source.

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