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Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

  1. #201
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by rocket88 View Post
    They didn't do it last time, why would I think they'll do it now?
    because the world is radically different today, ask greece, ask anyone in the eu, ask andrew cuomo or moonbeam brown or rahm the ram in chicago...

    because half the democrat party is racing 100% of the republican party to CUT

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    here we are 2 1/2 years later and the results are worse
    yes

    usa today, may 20:

    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.

    In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009.
    wsj, tuesday:

    Two years ago, officials said, the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst since the economic disaster of the 1930s.

    Across a wide range of measures—employment growth, unemployment levels, bank lending, economic output, income growth, home prices and household expectations for financial well-being—the economy's improvement since the recession's end in June 2009 has been the worst, or one of the worst, since the government started tracking these trends after World War II.
    Job creation limps along after recession - USATODAY.com

    Debt Overhang Slows U.S. Economic Recovery - WSJ.com

    reuters sees the same, tuesday: The US Jobs Gap | Reuters.com

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    There is no reason for this economy to take so long to recover except for the Obama economic plan failing. Put a pro growth President in the office and give him a pro growth Congress and we would have been out of this over a year ago.
    Oh good grief. We are in the midst of a massive credit contraction (read - deflationary spiral). This is not anything like what weve experienced before. The only way out is to eliminate all the bad debts. "Pro Growth" is simply another way to say "pro debt" as thats the only way we are going to get any growth in this post-manufacturing, wage arbitraging America (witness the total debt to gdp ratio peaking at 350% in early 2009). We'll be lucky if were out of this by the 2020 election.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by ZIRP4EVA View Post
    Oh good grief. We are in the midst of a massive credit contraction (read - deflationary spiral). This is not anything like what weve experienced before. The only way out is to eliminate all the bad debts. "Pro Growth" is simply another way to say "pro debt" as thats the only way we are going to get any growth in this post-manufacturing, wage arbitraging America (witness the total debt to gdp ratio peaking at 350% in early 2009). We'll be lucky if were out of this by the 2020 election.
    Yes and no. While it is true that the US hasn't really faced anything like this before, getting rid of bad debts alone won't get us out of here. We need a new industry to drag our sorry butts out of this mess the way the internet bubble and housing did the last few recessions. Merely fixing the credit issues won't solve the problem when the recession accelerated the decline of so many industries that naturally were already on the downhill. But Conservative is one of the least economically literate users here. He once argued that non-cumulative BLS data was cumulative despite meaning that the US population doubled monthly by that reasoning. He really didn't like me pointing that out. Take everything he says about economics with lots of salt. I pointed out so many idiotic statements he's made he put me on ignore. And he's already been made aware that this recession is fundamentally different but he chooses to deliberately pretend as if all recessions are the same and there's a one size fits all cure. Not intelligent in any way shape or form but he's pretty much the poster child of GOP hack.

    I cited previous examples of financial crisis to which he got up and ran away from the thread.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Waiting for some new industry to come along is a fools errand. What we need is to start building our own products again. Probably as much of a fools errand given the free trade agrement mania weve seen since the 80s.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    I have a better solution. No, two better solutions:

    1) Try getting a job outside your field of expertise. Yeah, sports, you're not going to get a job as an architect if there's only 1 position available for every 20 graduated architects. Try serving tables instead. Oh, the income isn't half as good as in my previous job. Well, then next time when you go vote, make sure you don't vote for a jerk that is going to generate a huge unpayable debt for the country or just export thousands of jobs overseas.

    2) Emigrate to another country. Are you good with languages? No? Tough luck, then.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by ZIRP4EVA View Post
    Waiting for some new industry to come along is a fools errand. What we need is to start building our own products again. Probably as much of a fools errand given the free trade agrement mania weve seen since the 80s.
    Do you have a solution to the current unemployment problem? Officially there are over 14 million unemployed Americans but the real unemployment rate is 16.2 percent including the under employed. The Obama stimulus plan was supposed to cap unemployment at 8% and is by all measurement a complete and total failure. The Obama record is clear, more unemployment today than when he took office, almost 4 trillion added to the debt in 2 1/2 years, and a rising misery index.

    There are a lot of book smart street stupid liberals who continue to support Obama because they buy his rhetoric and ignore his record. What a great smile, what great rhetoric, what terrible results.! Now for your solution?

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    well. it looks like his solution for an economic period of pain matched only by the 30's is a tariff.

    ....now. it seems i recall they tried that in the 30's as well....

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by cpwill View Post
    well. it looks like his solution for an economic period of pain matched only by the 30's is a tariff.

    ....now. it seems i recall they tried that in the 30's as well....
    "Those that ignore history are doomed to repeat it" seems to be appropriate here for if you raise taxes and try to grow govt. revenue in periods of high unemployment not only is unemployment going to continue to rise but economic growth is going to be stagnant and may indeed fall. Liberals seem to have no concept on how our private sector works. Business cannot print cash like the Federal Govt, states are mandated in most cases by a requirement to balance their budgets, and the Federal Govt. today doesn't have a clue how to stimulate economic growth.

    Today there are over 24 million plus unemployed Americans(153 million Civilian labor force(bls.gov) X 16.2% total unemployment) and these people are paying very little if anything in taxes. These people have to be put back to work and Obama doesn't have a plan to do that.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    The Obama stimulus plan was supposed to cap unemployment at 8% and is by all measurement a complete and total failure
    yes, and by now it was sposed to have unemployment at about 6.5%

    Romer and Bernstein on stimulus - NYTimes.com

    What a great smile, what great rhetoric
    he looks fantastic getting off a plane (not as good as he used to, tho)

    really, he and michelle, on the platform, waving, descending the steps...

    absolutely fabulous imagery, all around the world, and that's truly worth something

    obama has outstanding posture, wears a suit of clothes magnificently, holds that chin up for all to see...

    these are still his best qualities as a leader

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