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Thread: US unemployment rate reaches 7.6%

  1. #101
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    Capitalistic economies naturally grow anbd contract.
    That they do this in no way means that any given contraction is a failure of the system or that the collapse of the system is imminent.

    And, dont kid yourself:
    If the economy collapses, the government will go with it.
    The system that rises from the ashes will be the system best reflecting human nature -- capitalism.
    Thats a huge problem. Any future economic model should be far more stable and more planned, to avoid speculation, boom and busts and so on to achieve sustainable growth which is not based on debt.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    Yes the government will go with it. this is why they absolutely have to give the american people enough money right now so everyone can pay off enough debt to mathmatical be able to make their bills plus be able to spend money to help bring more money in circulation in the economy.
    Such a solution would surely collapse the US dollar and implode the US economy as a result.. You cant just create money out of nothing without the whole country suffering. You have to pay your debts, thats the only solution.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    Thats a huge problem. Any future economic model should be far more stable and more planned, to avoid speculation, boom and busts and so on to achieve sustainable growth which is not based on debt.
    Yes. Planned economies have proven to be stellar.

  4. #104
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goldenboy219 View Post
    To those who claim the EU is just inconvenienced.



    FT.com / Europe - German GDP contracts sharply

    Any economy that is heavily reliant on exportation to fund their wealth will begin to take massive deficits, in the form of lost revenue, and greater instances of unemployment.

    Nations that depend on current account surpluses are in for a rude awakening.

    I have not said anything to the contrary.. I actually posted breaking news about the dramatic fall of 4.4% this autumn.. If its me you have in your thoughts. The most dramatic thing for the European economy is a collapse in industrial new orders which follows a similar path of industrial production. But then again, most of our other numbers look solid and stable as a huge rock compared with the us blowing sheet.
    Europe is illegally occupied by the US

  5. #105
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post

    Giving people $x from a cut in their taxes is 'too litle too late'
    Giving people $x from a government spending program? THAT will work!!!
    It will not work when your government is already 12 trillion dollar in debt and your now annual federal budget deficits is predicted to be an average 1 trillion over each of the next 3 years. You can give tax cuts if the government cannot afford it, that will just sweep away the rest of the credibility of the US economy.
    Europe is illegally occupied by the US

  6. #106
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goldenboy219 View Post
    How do you propose civilization as a whole learns about living beyond your means? Government assistance for poor decisions?

    That wouldnt help. Governments are the ones who made the poor decisions in the first place, and have their own poor decisions to deal with parallel to people poor decisions.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    It will not work when your government is already 12 trillion dollar in debt and your now annual federal budget deficits is predicted to be an average 1 trillion over each of the next 3 years. You can give tax cuts if the government cannot afford it, that will just sweep away the rest of the credibility of the US economy.
    Then I suggest you criticize the various 'stimulus' packages being bandied about.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by PeteEU View Post
    I have stated this time and time again. You can not compare unemployment numbers between any EU nation or the US. The US numbers are not "real" numbers but a freaking poll.
    Thats not accurate. US unemployment rates are built around reports from employment firms(which represents a large proportion of workers) and unemployment filings.
    Europe is illegally occupied by the US

  9. #109
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    You, yourself, said you were just reporting the news.
    Obviously, that's not true.
    I did just report the news.. I never denied analyzing the news as well.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    Under capitalism, where the market decides what companies live and die, there are -no- bailouts.
    Under "Hyper" capitalism, this is even more the case.
    What you are talking about is free markets, not capitalism.
    Europe is illegally occupied by the US

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