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Thread: US unemployment hits 25-year high

  1. #11
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by UtahBill View Post
    read much? I will repeat it, please read the highlighted part, slowly...
    Originally Posted by UtahBill
    Obama could help the situation by encouraging those who are nearing retirement to do so early, IF they can afford it. That makes more jobs available to the younger generation.
    Removing the 10% penalty for early IRA withdrawals, or reducing the age to 55 might do the trick....even if the withdrawal is done without retiring, it might serve as an added stimulus to the economy.
    If their savings is in the stock market, not a good idea, but most in that age bracket should be in interest bearing accounts by now..



    I can afford to "retire" now. And I am 35.....


    Doesn't mean I would because I could, If I was planning to retire this year, I'd wait until this mess was done.


    Here sir, is one dollar you can take it now and help us out, or you can wait another 5-10 years and have a hundered....


    Which would you choose?
    Let evil swiftly befall those who have wrongly condemned us

  2. #12
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Reverend_Hellh0und View Post

    Which would you choose?
    Neither! Greek bank preferred please
    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

  3. #13
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Reverend_Hellh0und View Post
    I can afford to "retire" now. And I am 35.....


    Doesn't mean I would because I could, If I was planning to retire this year, I'd wait until this mess was done.


    Here sir, is one dollar you can take it now and help us out, or you can wait another 5-10 years and have a hundered....


    Which would you choose?
    you can convert $1 to $100 in only 10 years? Bernie, is that you?
    Oracle of Utah
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  4. #14
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by UtahBill View Post
    you can convert $1 to $100 in only 10 years? Bernie, is that you?




    Dow at 6k? I bet you I could!
    Let evil swiftly befall those who have wrongly condemned us

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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Reverend_Hellh0und View Post
    Dow at 6k? I bet you I could!
    Especially once inflation kicks in, the Dow could eclipse 25,000 in 10 years
    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 hits 25-year high

    Quote Originally Posted by Khayembii Communique View Post
    US unemployment has risen to 8.1 per cent, the highest level since 1983, according to a US government report.

    The US labour department report said on Friday that 651,000 jobs were lost from the struggling US economy in February.

    Al Jazeera's John Terrett in New York said the figures were worse than many analysts had been expecting.

    The monthly report on the labour market is seen as one of the best indicators of the state of the US economy.

    Al Jazeera
    And yet, our employment figures still beat the hell out of most of Europe's even over last four years.

    In addition, we still have another two points to give up to get to Carter's peak unemployment I believe. Give Obama more time; he'll catch up to Carter and THEN some.


  7. #17
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Red_Dave View Post
    Sure theres a precedent. Its called ww2.
    WWII... central planning for a worldwide war effort, not a free wheeling economy.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: US unemployment hits 25-year high

    Quote Originally Posted by zimmer View Post
    WWII... central planning for a worldwide war effort, not a free wheeling economy.
    A free wheeling economy were people with no money lend money to a people that also have no money? Isnt that what got us into this situation in the first place?

    Also I gather from your comments on ww2 that you belive those kind of economic policys should be reserved as a weapon of last resort for emergencys, Are we not in that situation right now? Issues like the food crisis and global warming, much like ww2, require people [and nations] to pool together their resources and overhaul their economys. Dealing with this would also create jobs.

    For example during world war two there was almost full employment in the UK due to the amount of people working in weapons factorys etc. This was replicated after the war as many were employed rebuilding the country, building schools etc.

    So put simply we have alot of people out of work and alot of things that need doing. The solution is to invest in things like renewable energy, ways to increase food production etc. and effectively kill two birds with one stone.
    Last edited by Red_Dave; 03-09-09 at 11:02 AM.

  9. #19
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Truth Detector View Post
    And yet, our employment figures still beat the hell out of most of Europe's even over last four years.

    In addition, we still have another two points to give up to get to Carter's peak unemployment I believe. Give Obama more time; he'll catch up to Carter and THEN some.
    Way to think positive here!



    Anyway, I have to admit, this makes me somewhat nervous. Our office is very overstaffed and if we don't pick up, they are going to have to start laying off. Hearing these reports makes me kinda scared if I would have to start looking for a job right now.
    I call my own shots, largely based on an accumulation of data, and everyone knows it.
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    Re: US unemployment hits 25-year high

    Quote Originally Posted by Goldenboy219 View Post
    Bad example...
    Yeah the whole death aspect was a bit of a downer

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