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Thread: US unemployment rate reaches 7.6%

  1. #61
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
    Predicting the future isn't hard when you don't make definitive/falsifiable claims.

    PS - Jesus is coming!
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post

    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?
    The inability for the government to control the economy is as clear it can possibly be at this moment. Tax cuts that are temporary will not be heeded by consumers as permanent solution to their troubles. Maybe a shock to the system (corporate tax holiday for 2009) could boost demand, but the jury is still out on temporary tax cuts.
    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: US unemployment rate reaches 7.6%

    Quote Originally Posted by scourge99 View Post
    Predicting the future isn't hard when you don't make definitive/falsifiable claims.

    PS - Jesus is coming!
    I bet if you were back in the day you would have little sayings like this to people that told you the world isn't flat

    Now that I think about it they were probably in your family tree

  4. #64
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    I bet if you were back in the day you would have little sayings like this to people that told you the world isn't flat
    huh?

    Now that I think about it they were probably in your family tree
    wah?

    Was that your attempt at insulting me?
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: US unemployment rate reaches 7.6%

    To those who claim the EU is just inconvenienced.

    Eurozone data on Wednesday showed industrial output tumbled across the 16-country region. Eurozone industrial production in November was 7.7 per cent lower than a year before – the biggest such drop since records began in 1990, according to Eurostat, the European Union’s statistical office. Italy reported a fall of almost 10 per cent on Wednesday over the period, with automotive production slumping 46.4 per cent.
    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.
    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: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goldenboy219 View Post
    The inability for the government to control the economy is as clear it can possibly be at this moment.
    That is -always- clear to those that -understand- the economy.
    That is -always- UNclear those those that believe government is the solution to everything.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    We've reached a point where it's too little too late for the tax cuts.

    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!!!

    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?

  8. #68
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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.
    Don't forget the perpetual Airbus bailouts.

    No worries. These are "little problems". The US however is in another great depression!
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by scourge99 View Post
    huh?

    wah?

    Was that your attempt at insulting me?
    No just my general perception on where you would fit in with the worlds critics

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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!!!

    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?
    What does this have to do with the majority commonfolk that are caught in a finacial situation where it is mathmatically impossible to make their payment?

    Most americans got caught up in a "borrow from Peter to pay Paul" situation.

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