"There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio
When the unemployment numbers rise - that is an important barometer of the political winds and it is BAD NEWS for President Obama and is a sign he will surely lose in 2012.
But when those numbers go down - it don't mean a damn thing.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
when it goes down because large numbers of people who were not employed previously now have real jobs, then that is indeed a good thing. when it goes down because people decide en masse that they have no more hope, that is a bad thing.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
we have been in a slump longer then the length UI can last for anyone. so many people exhausted their benefits and the UI number only counts new claims.
dont get me wrong its a move in the right direction and if the people that exhausted their ui benefits can start to find some work also it would be a big plus for the president, but as of now, its not!
Liberty can not be preserved without a general knowledge among the people.
When the actual unemployment rate drops...when people are actually working again and we dont just have a cosmetic bounce because 350k have bailed on the workforce. When states like Nevada and Michigan arent running double digit unemployment rates. When ACTUAL unemployment (you know...the figure that shows what the actual unemployment rates are including those that are no longer eligible for benefits and not just the first time claimers) figures improve, I will toast the success of the great leader. Until then...I will continue to laugh at morons who desperately cling to seasonal retail employment figures and people that are so disgusted and disenchanted that they just quit as if they are a 'good' thing.
IOW, it's moderately good news, but still the first good news we've had in a while. Pretending that it isn't is just that -- pretending.
The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say