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

  1. #31
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Badmutha View Post
    Obama never ran so much as a lemonade stand.....the majority of his administration never ran so much as a candy store........
    Irrelevant fallacy that has zero economic merit.

    .........it wasnt so much "underestimated" as it was "complete and utter cluelessness".......and then the administration wrote a stimulus bill without having a clue on how to stimulate an economy.
    Undoubtedly!

    In the bill, there are and i quote:
    $288 billion in tax cuts and benefits for millions of working families and businesses
    Quote Originally Posted by Badmutha View Post
    Because there are those that believe....

    ---Without Obama/FDR it would have been worse.....and when its worse......it would have been worser------
    Same as the first comment....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Goldenboy219 View Post
    Basically, it is an employer survey vs a household survey.

    Which means that employers were far more upbeat on their labor market prospects than those who actually labor.

    From ADP:
    I guess the next question would be, why the huge discrepancy between the outlooks of employers versus laborers?
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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

    I think this is going to help remove Obama from office because he is the one who has do nothing worth a damn to create jobs that didn't cost more than they are worth.

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

    Quote Originally Posted by StillBallin75 View Post
    I guess the next question would be, why the huge discrepancy between the outlooks of employers versus laborers?
    That is the $64,000 question. More information is needed to make even an educated guess.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Councilman View Post
    I think this is going to help remove Obama from office because he is the one who has do nothing worth a damn to create jobs that didn't cost more than they are worth.
    I feel your frustration.

    Before he took office...

    President-elect Barack Obama promised Saturday to create the largest public works construction program since the inception of the interstate highway system a half century ago as he seeks to put together a plan to resuscitate the reeling economy.
    What the hell went wrong? LOL, i don't think that many people want to hear the answer.
    Last edited by Kushinator; 07-08-11 at 02:08 PM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    There's an interactive map on CNNMoney.com that illustrations the unemployment rates in various job industries. The biggest industries hit are in construction, production/manufactering, transportation and fishery/forrestry/wildlife. What are the negative forces behind these industries?

    Construction jobs = housing and infrastructor

    Production/manufactering = consumer spending/credit

    Transportation (whether public or air travel) = high fuel prices

    Fisery/forrestry/wildlife = lack of disposable income by consumers + lack of disposable income + reduction in force (layoffs of federal/public employees) + park closures

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

    Quote Originally Posted by Goldenboy219 View Post
    President-elect Barack Obama promised Saturday to create the largest public works construction program since the inception of the interstate highway system a half century ago as he seeks to put together a plan to resuscitate the reeling economy.
    What the hell went wrong? LOL, i don't think that many people want to hear the answer.
    I'd interested in knowing what you believe the answer is.

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

    You know this is getting really irritating. Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad? Where have we come to when it is a "good" thing to not compromise to get things done. Both parties are treating american citizens as monopoly board game pieces just to prove a political point.

    You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail. Republicans...everyone does not share your values. Democrats...Everyone does not share your values. We have to co-exist if we are to remain a great country. How patriotic are you if we are hoping for the president demise in order to put your candidate in the white house no matter what the cost is? Hell even Reagan compromise with the democrats.

    And by the way, both parties share responsibility for these numbers. Please name one job bill or ideal that the republicans have place on the table that would put Americans to work right now. All I seen is jobs being loss due to spending cuts . Just look at all the public job being loss. Boehner himself said that if jobs are lost due to spending cuts then so be it.

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

    Quote Originally Posted by rcart76 View Post
    Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad?
    You DO mean on both sides, right?

    Where have we come to when it is a "good" thing to not compromise to get things done.
    That depends entirely on what those "things" are and the means to achieve them.
    I have absolutely NO issue with absolutely refusing to compromise on certain things.

    You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail.
    Bad news. Unless there is dramatic, even draconan, cuts in spending, especially entitlement spenidng - this country will fail.

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

    Quote Originally Posted by Objective Voice View Post
    I'd interested in knowing what you believe the answer is.
    Search my post history during the first month of the Obama presidency, and you will see a clear resemblance to that of the bold aspect of that quote.

    What we need(ed) is:largest public works construction program since the inception of the interstate highway system
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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