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Thread: US unemployment rate reaches 7.6%

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by zimmer View Post
    7.6% is a great number for Europe. That's the zero point for the EU.
    Its not a great number.. Unemployment has fallen over the years from 10ish% to a low of 6.8%, then rose again to around 7.4% at the moment, because of our little setback...

    Quote Originally Posted by zimmer View Post
    EU. A relatively stable economy? Time will tell, and I say not likely. LOL. Germany, the EU's engine fell flat with Schroeder as he couldn't get the unemployment rate down during a good US economy... it doubled on his watch.
    Most European economies are far more solid anchored than the US economy, its less based on speculation and more on real economic advantages such as production, savings, exports, dense infrastructure and so on. Actually Schroeder did good if you ever study German unemployment numbers, which are now at 7.1%, down from well above 10% in the midterm of Schröders government. The results of reform is not seen immediately, but it being 7% now is thanks to what the last government did.
    And the US economy was not really good and stable in the same time period, remember 911 and the economic results of that? Even so, unemployment fell in Germany.


    Quote Originally Posted by zimmer View Post
    The EU is a follower. Like the CDN dollar, there may be times when it reaches some type of parity when things get tough in the US but it's not something you can look at and say it's for the long term.
    How do you explain the Euro being so high against the dollar then? If it was a "follower" it would surely be 1.10 to the dollar maximum, to stimulate European exports, but its not, because our cycles and economic fortunes are different. Both the US and Europe will cycle as results of the other one.. If the economic collapse of this crisis, starts hitting Europe more severely, it will also hit the US as a result, and then hit Europe back, and then the US. It could turn incredibly nasty for both economies in the end if that happens, but luckily its a worst case scenario, and not very likely to happen, and you should be thankful to Europe for that, since we are not declining as rapid as the US, its more a setback here.

    Quote Originally Posted by zimmer View Post
    The EU is still a poor cousin to the US.
    Not really.. Our savings rates are above 12% of GDP, while yours is just a tiny 2%, and our debts much smaller, while yours are the biggest in the world after the UK. Also we are not loaded with government debts and trade deficits at the same level that you are. So actually, Europe is the rich cousin of the US.


    Quote Originally Posted by zimmer View Post
    Don't worry, the US will bounce back.
    I certainly hope so.. And I believe slowly it can if the US does the right things instead of the wrong things like I see them doing now, by taking on more debt, wasting money into the fire to rescue a bunch of badly managed bankrupt companies.



    Quote Originally Posted by zimmer View Post
    We're three weeks closer to the end of the Obama presidency.
    Unrealistic.. Even so, you want Joe Biden?

    Quote Originally Posted by zimmer View Post
    Let's see which country recovers first (with Obama I"m guessing it'll be 6 years... it will require removing the Marxist and electing a Reagan-like figure).
    Europe hasnt seen a collapse, just a setback.. So clearly I think we will recover first. Actually we will recover as soon as the US economy stops declining so rapidly, since our setback is a result of US decline.

    Reagan figure... ........ Final nail in the coffin that would be.. One of the reasons Europe is not declining is because of socialism and more state involvement in our economies, and of course better financial management, less speculative based economy.
    The only way I think the US can save itself is to abandon its idea of 100% capitalism, because capitalism will always end up bad.
    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
    No, it was just an analyzed of the situation, because such is interesting!!! Hello!!!
    So, contrary to your previous claim, you were NOT just reporting the news.

    Perhaps you should start analyzing instead of just screaming anti-American every time reality hits you..
    If it walks like a duck...

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    Its not a great number.. Unemployment has fallen over the years from 10ish% to a low of 6.8%, then rose again to around 7.4% at the moment, because of our little setback...



    Most European economies are far more solid anchored than the US economy, its less based on speculation and more on real economic advantages such as production, savings, exports, dense infrastructure and so on. Actually Schroeder did good if you ever study German unemployment numbers, which are now at 7.1%, down from well above 10% in the midterm of Schröders government. The results of reform is not seen immediately, but it being 7% now is thanks to what the last government did.
    And the US economy was not really good and stable in the same time period, remember 911 and the economic results of that? Even so, unemployment fell in Germany.




    How do you explain the Euro being so high against the dollar then? If it was a "follower" it would surely be 1.10 to the dollar maximum, to stimulate European exports, but its not, because our cycles and economic fortunes are different. Both the US and Europe will cycle as results of the other one.. If the economic collapse of this crisis, starts hitting Europe more severely, it will also hit the US as a result, and then hit Europe back, and then the US. It could turn incredibly nasty for both economies in the end if that happens, but luckily its a worst case scenario, and not very likely to happen, and you should be thankful to Europe for that, since we are not declining as rapid as the US, its more a setback here.



    Not really.. Our savings rates are above 12% of GDP, while yours is just a tiny 2%, and our debts much smaller, while yours are the biggest in the world after the UK. Also we are not loaded with government debts and trade deficits at the same level that you are. So actually, Europe is the rich cousin of the US.




    I certainly hope so.. And I believe slowly it can if the US does the right things instead of the wrong things like I see them doing now, by taking on more debt, wasting money into the fire to rescue a bunch of badly managed bankrupt companies.





    Unrealistic.. Even so, you want Joe Biden?



    Europe hasnt seen a collapse, just a setback.. So clearly I think we will recover first. Actually we will recover as soon as the US economy stops declining so rapidly, since our setback is a result of US decline.

    Reagan figure... ........ Final nail in the coffin that would be.. One of the reasons Europe is not declining is because of socialism and more state involvement in our economies, and of course better financial management, less speculative based economy.
    The only way I think the US can save itself is to abandon its idea of 100% capitalism, because capitalism will always end up bad.
    You continue to make good sense here. The money whore of 100% capialism is why we are here in the first place. Some control over their insatiable glut is over-due. As ugly as the word "socialsm" is in this country, perhaps its time to try it on as a means to control those who are destroying the labor class and the job market in America. The poor didn`t cause this, they only got poorer...while working. The rich will NEVER be satiated. Sorry pigs, time for a diet plan. Reagan ??? Was that the money whore who invented the trickle down economics,(economic stimulus), we are trying today. I think he also partook in crushing unions who fought for better pay, and better work conditions, for the labor class. Reagan will never be forgotten, much the same as GWB.
    Last edited by Rodney; 02-10-09 at 11:18 AM.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Rodney View Post
    You continue to make good sense here. The money whore of 100% capialism is why we are here in the first place.
    There is no such thing as 100% capitalism.... and, 100% capitalism would dictate that there would be no 'bailouts'.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Rodney View Post
    You continue to make good sense here. The money whore of 100% capialism is why we are here in the first place. Some control over their insatiable glut is over-due. As ugly as the word "socialsm" is in this country, perhaps its time to try it on as a means to control those who are destroying the labor class and the job market in America. The poor didn`t cause this, they only got poorer...while working. The rich will NEVER be satiated. Sorry pigs, time for a diet plan. Reagan ??? Was that the money whore who invented the trickle down economics,(economic stimulus), we are trying today. I think he also partook in crushing unions who fought for better pay, and better work conditions, for the labor class. Reagan will never be forgotten, much the same as GWB.
    No, what we need is less socialism; especially corporate socialism. We moved away from the free market quite some time ago, opting for some horrible version of corporate capitalism. We removed much of the mobility. Poor people don't have that much chance of getting rich and the rich have virtually no way of becoming poor. What's needed is true free market capitalism with full class mobility. That way no one can stagnate. Want to remain rich? Well you're gonna have to work at it. While at the same time opening up avenues for the poor to start climbing the economic ladder. I'm not saying bottom 5% to top 1% sort of thing; but give realistic opportunity to at least make it into the middle class. The unfortunate truth is that with our corporate capitalist model and freezing of class structure; those born poor are most likely to die poor. In the meantime people like Paris Hilton will never chance being poor. Should live by the sweat of your brow.
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    There is no such thing as 100% capitalism.... and, 100% capitalism would dictate that there would be no 'bailouts'.
    The bailouts are occuring because we are reaching the collapsing point of our capitalistic economic snowball

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    The bailouts are occuring because we are reaching the collapsing point of our capitalistic economic snowball
    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.

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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.
    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.

    If there is a complete economic collapse then it would take decades to build back the infastructure
    Last edited by creativedreams; 02-10-09 at 01:39 PM.

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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.

    If there is a complete economic collapse then it would take decades to build back the infastructure
    You say that like some people discuss nuclear weapons -- they say 'but it's NUCLEAR!" and then look at you like they canlt figure out why that doesnt end the conversation.

    Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?

    And, if you REALLY think the government should "give the american people enough money right now", then why not have the 'stimulus package' consist entirely of tax cuts?

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    You say that like some people discuss nuclear weapons -- they say 'but it's NUCLEAR!" and then look at you like they canlt figure out why that doesnt end the conversation.

    Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?

    And, if you REALLY think the government should "give the american people enough money right now", then why not have the 'stimulus package' consist entirely of tax cuts?
    We've reached a point where it's too little too late for the tax cuts..People are loosing their jobs and homes NOW so something very drastic needs to be done. The tax cuts etc. should have been thought of long ago.

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