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

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

    This news about the economy has made me come to a decision: I will vote for either Huntsman or Romney before voting for Obama again. I'm not going to vote for the Republican no matter who it is, but let's say at this point, I'm supporting Romney.


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

    Quote Originally Posted by rocket88 View Post
    This news about the economy has made me come to a decision: I will vote for either Huntsman or Romney before voting for Obama again. I'm not going to vote for the Republican no matter who it is, but let's say at this point, I'm supporting Romney.
    Time to jump ship eh....God Bless America......
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Badmutha View Post
    WHAT RECENT SPENDING CUTS caused these job losses?
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    ........thanks for playing......
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    Virtually all of the net job losses in the last several months have been public sector jobs at the state and local levels as state and local governments have reduced payrolls in order to balance their budgets. The private sector has been hiring, albeit at an anemic pace.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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

    Quote Originally Posted by rocket88 View Post
    This news about the economy has made me come to a decision: I will vote for either Huntsman or Romney before voting for Obama again. I'm not going to vote for the Republican no matter who it is, but let's say at this point, I'm supporting Romney.
    wait, so u gonna vote, or u not gonna vote?
    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.
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by rocket88 View Post
    This news about the economy has made me come to a decision: I will vote for either Huntsman or Romney before voting for Obama again. I'm not going to vote for the Republican no matter who it is, but let's say at this point, I'm supporting Romney.
    I said the exact same thing about McCain. And that's what I did.

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

    sincerely, i think a guy like cuomo, for example, is trying to GROW his new york

    he sure doesn't want to cut but he feels some craving need for some kinda economic credibility

    he's trying to turn his state around, he perceives it as dying

    i think vital signs are foremost on his mind, more so than the bottom line in albany

    and, personally, i think he's doing a heck of a job

    i can feel the change all the way across the country, it's very positive, it's hopeful

    i think what's going on in some of the wisconsin school districts is enlightening---turning deficits into surpluses by mere (but meaningful) strokes of pens, primarily by asking teachers to pay in more to the their pensions and health care, as well as freeing districts to shop around for coverage

    i think you're going to be hearing a great deal of talk about these STATE MIRACLES

    you know, like the NEW YORK MIRACLE

    or, if they can get their act together, something good outta minnesota

    stay up, things are turning radically and for the better, starting from below

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

    Quote Originally Posted by 1Perry View Post
    Wall Street said yesterday that the news was positive concerning hiring.
    yeah when people get laid off, it fattens their wallets. Didn't you know?
    “In politics, stupidity is not a handicap.” -Napoleon

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

    Quote Originally Posted by StillBallin75 View Post
    wait, so u gonna vote, or u not gonna vote?
    I will be voting.

    If I have to vote for Obama to save us from "President Bachmann" I will do so. I still prefer Obama over Pawlenty, Cain, and Bachmann.
    Gingrich and Ron Paul would present me with a very difficult choice, they both have a great number of substantive negatives in their column.

    I'm not Romney's biggest fan, but if he can turn the economy around, I'm all for it.


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    This issue has been plowed more times than Paris Hilton.
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    Too bad we have to observe human rights.

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

    Quote Originally Posted by Badmutha View Post
    Time to jump ship eh....God Bless America......
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    My support may not be something Romney wants. Neither party has nominated my first choice since 1996 (and I'd vote for Slick Willy again if I could given the performance of the economy under his leadership). Since then, my first choices have been McCain (in 2000. Before he started associating with Joe the Plumber), John Edwards (shudder), and Hilary Clinton.

    So I may have just doomed Mitt....


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Anymore, its as if both the hard core conservative Republicans / Tea Partiers and the hardcore liberal Dems are just all living in some alternate universe or something. Both sides totally divorced from reality.

    First off, the fact is, this is not the Bush Recession or the Obama Recession, it is the Bush / Obama recession. To hear the Republicans talk, the economy was doing just fine until January, 2009 when Obama took office.

    This is a graph of private sector job losses, the bars in Red represent job losses during the Bush Administration, the bars in Blue represent job losses during the Obama Administration:



    Notice something? Yeah, we had heavy job losses under Bush and under Obama's first year in office. When we look at quarter to quarter GDP, we see a very similar story:



    In fact, the Bush Administration is the only administration since Hoover that left office with a net loss of jobs. Even the Carter economy kicked the Bush economy's ass. The last really good economy we have enjoyed in this country was under Clinton. The revisionist Republicans just want everyone to forget that the last time they had control of the country, they ran the economy into the ground. In fact, the two worst economic downturns this country has gone through in the last 100 years both began under Republican Administrations.

    That said, the economy today is Obama's and thus far, his administration has done a pretty crappy job of stewarding it. We wasted over a year on healthcare reform (as Bachmann would say, "he blew his wad on it"), all the while the economy was stalled at best. Now it looks like we are going to piss away this year arguing over deficits, when the problem is jobs. The quickest way to reduce the deficit is to get people back to work. Its not "socialism" that is killing us right now, its 3 wars and millions drawing unemployment benefits rather than working and paying taxes.

    Unemployment Benefits Add to Deficit - Real Time Economics - WSJ

    Sure, Medicare is going to be a big problem in the decades to come, but right now, the biggest driver behind our current deficits are the wars we are in (rampant defense outlays) and the unemployed (Unemployment benefits, Medicaid, SCHIP and so on). The biggest drag on hiring is not uncertainty about government policies, its uncertainty about demand. After all, federal taxes are the lowest they have been in 60 years.

    By one measure, federal taxes lowest since 1950 - USATODAY.com

    Moreover, if your not making money, your not paying corporate income or personal income taxes. The problem is that business have a huge demand uncertainty. Consumer spending has not rebounded and consumer confidence is down. The reason for that is the huge amount of personal debt many Americans have. When your house is worth less than you owe on it, and you have a mountain of student loan and other debts, your not so apt to go out and buy that second flat screen or the new car. Thus, businesses are not so apt to hire more people when they are not sure they will be selling more sh*t. I mean come on, this is not rocket science. In many ways the best thing that could happen to the economy right now would be to have higher inflation as that would deflate those debts. Which by the way is why the federal reserve was so concerned about deflation. Had we entered into a deflationary spiral, those overbearing debts would have only become that much more overbearing.

    I don't know what the answer is at this point. I suspect we will just have to ride it out until finally the economy really starts to grow again. I will say that if things don't improve in a hurry, Obama will almost certainly be a one term president unless the Republican's seize defeat from the jaws of victory by nominating some nutter like Bachmann instead of Romney or Huntsman. I certainly won't vote for Obama in 2012 if unemployment is still over 9%.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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