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Thread: More Job Seekers Give Up

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    Re: More Job Seekers Give Up

    Quote Originally Posted by Redress View Post
    It's not lies, it is simply a different measure. No one measures true unemployment, and the number Councilman gave is not true unemployment. The "official" unemployment rate is simply the rate used historically and used for comparisons sake, but BLS keeps a whole tab of differently calculated rates, including that one, which is called U6 unemployment.

    Think this link will work: Table A-12. Unemployed persons by duration of unemployment

    Your actually quite right about U6 standards being a better measure. If we were to measure by U6 standards, we have Great Depression employment, according to some
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: More Job Seekers Give Up

    yesterday:

    China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

    Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.

    Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March. [but only by about 2%]

    Most of the U.S. national debt is made up of publicly marketable securities sold by the Treasury Department and I.O.U.s called “intragovernmental” bonds that the Treasury has given to so-called government trust funds—such as the Social Security trust funds—when it has spent the trust funds’ money on other government expenses.

    The publicly marketable segment of the national debt includes Treasury bills, which (as defined by the Treasury) mature in terms of one-year or less; Treasury notes, which mature in terms of 2 to 10 years; Treasury Inflation-Protected Securities (TIPS), which mature in terms of 5, 10 and 30 years; and Treasury bonds, which mature in terms of 30 years.

    At the end of August 2008, before the financial bailout and the stimulus, the publicly marketable segment of the U.S. national debt was 4.88 trillion. Of that, $1.22 trillion was in short-term Treasury bills, $2.56 trillion was in the intermediate-term Treasury notes, $521.3 billion was in TIPS, and $582.8 billion was in long-term Treasury bonds.

    At the end of March 2011, by which time the Chinese had dropped their Treasury bill holdings 97 percent from their peak, the publicly marketable segment of the U.S. national debt had almost doubled from August 2008, hitting $9.11 trillion. Of that $9.11 trillion, $1.7 trillion was in short-term Treasury bills, $5.8 trillion was in intermediate-term Treasury notes, $640.7 billion was in TIPS, and $931.5 billion was in long-term Treasury bonds.

    Before the end of March 2012, the Treasury must redeem all of the $1.7 trillion in Treasury bills that were extant as of March 2011 and find new or old buyers who will continue to invest in U.S. debt. But, for now, the Chinese at least do not appear to be bullish customers of short-term U.S. debt.
    China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com

    cns notes in conclusion that us debt at close of business thursday was 14.34T according to daily treas statement, 9.74T of which is public held, 4.61T "intragovernmental"

    fyi
    Last edited by The Prof; 06-04-11 at 12:07 PM.

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    Re: More Job Seekers Give Up

    Quote Originally Posted by Bigfoot 88 View Post
    This civil rights lawyer and community organizer we have for a president doesn't understand business. All the more reason to vote for Herman Cain.
    What are Herman Cain's policies again? Oh thats right, talking points.

    Quote Originally Posted by apdst View Post
    Care to take a stab at explaining why they're not spending those trillions? Government policies, perhaps? Two words: drilling. moratorium. What positive effect did that have on the economy?
    1) Drilling moratorium ended
    2) There are more wells leased today than there were under the last president. Most of them aren't being tapped. I wonder why
    3) Contraction always happens after recession
    4) Not all jobs are energy related
    5) Productivity has increased since the recession
    6) Companies have consolidated/merged since the recession, ending more jobs.

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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    What are Herman Cain's policies again? Oh thats right, talking points.



    1) Drilling moratorium ended
    2) There are more wells leased today than there were under the last president. Most of them aren't being tapped. I wonder why
    3) Contraction always happens after recession
    4) Not all jobs are energy related
    5) Productivity has increased since the recession
    6) Companies have consolidated/merged since the recession, ending more jobs.
    1) Moritorium is still in place if new permits arent issues and they arent.
    2) Leased wells involve costs to actually drill there.
    3) Funny I thought growth occurred after a recession, thats why they call it recovery.
    4) BUT---all jobs are affected by energy policy.
    5) US productivity actually went up and down during the recession, it going up to previous levels isnt news : Worker Productivity in U.S. Unexpectedly Fell in 2nd Quarter - Bloomberg
    6) Closing hundreds of car dealerships might have ended jobs, preventing energy expansion might have prevented job growth, health care reform is preventing new hires with prohibitive per employee costs, etc etc. We have tons of bad policy.

    FYI Cain doesnt have policy until hes in charge, its ALL talking points until they are in charge of something.

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    Re: More Job Seekers Give Up

    Quote Originally Posted by OpportunityCost View Post
    FYI Cain doesnt have policy until hes in charge, its ALL talking points until they are in charge of something.
    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.

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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    What are Herman Cain's policies again? Oh thats right, talking points.


    All policies are talking points until put into action
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    Contraction always happens after recession
    Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression.

    The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in December 2007. That is by far the worst performance of job generation following any of the dozen recessions since the 1930s.
    Job creation limps along after recession - USATODAY.com

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    Re: More Job Seekers Give Up

    Quote Originally Posted by xpiher View Post
    Cain's solutions are talking points without substance because he doesn't out line any of the HOWs, just like Palin.
    LOL!

    it's been two years since the united states senate even proposed a budget

    and kent conrad's not gonna deliver this year either

    the closest the party came was obama's 2012 blueprint published in february which actually RAISES deficit spending an obscene twenty percent

    that completely outta touch itinerary, however, was defeated on upper parliament's expensive blue carpet, NINETY SEVEN to ZERO, two weeks ago

    Dems lack budget leadership

    President's budget sinks, 97-0 - TheHill.com

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    Re: More Job Seekers Give Up

    Quote Originally Posted by Lord Tammerlain View Post
    I just wish those lazy people would get off their buts and take the jobs I am told are out their if the look for them, rather then have people blame the government for not providing them jobs
    Who should we blame for taking their jobs?

    If the Government failed to regulate banking, trading, credit default swaps, exotic derivatives... which resulted in a massive recession... Aren't we accountable for all the decisions we made? We elected a President who lowered taxes and interest rates which resulted in the real estate bubble, then took us into two unfunded wars.

    Yeah, after 8 years of the worst President in modern history, there is a big mess to clean up. The jokers on Fox News have got their viewers convinced that you can undo 8 years of bad policy in under 3 years. What a load of crap?

    The problem with this high-speed-internet-microwave-meals society is everyone wants things NOW. So they go and elect a bunch of Tea Partiers to state houses and the HoR. Next thing you know, the newbies are laying off the public sector.

    So, yes, thanks to the Tea Partiers and GOPs that were going to fix everything... Unemployment has gone up. At least we can give more tax breaks to the companies that aren't hiring.

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