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Horror for US Economy as Data Falls off Cliff

Many figures dropping is actually a good thing, because if they didn't consumption would be raising the debt even more. It's cheaper to put people on government checks vs. keeping them in full time jobs or letting them fall into a criminal dilemma with no benefits. The effect is a reduction if consumption and a lowered debt. Welfare is our friend right now. If you get too stingy, and both refuse welfare and full time work, you will create a criminal which is far more expensive than either.

We must face that all these figures must drop until things get balanced. The only other alternative is to increase our international exports (not inter-state) to a level that keeps up with our debt and that is not going to happen any time soon. Things have gotten too far behind at this point and we are left with the only solution: downsizing everything while maintaining sustainability for everyone so they can get back to work once called.

I fail to see how fewer new jobs, lower home prices, higher gas prices, higher food prices and keeping more people on the government doles is a good thing.
 
today: new jobless claims top 400,000, "the level analysts normally associate with steady job growth," for 8th straight week

News Headlines

housing---double dip declared two months ago and declining steeply in may

gas---very hi, almost sure to climb in summer, driver of inflation in general, killer of consumer confidence which yesterday hit a 6 month lower than low

jobless claims up significantly 8 straight weeks, hiring down, layoffs up (especially public sector)

corporate profits down to .9%

auto sales off in may

gdp a depressing 1.8%

all in the last week and a half

barack the slasher's economic record

seeya at the polls, progressives

qe, anyone?
 
So wait Mr.V, you're claiming that the EPA, Obamacare and a progressive tax system are the reason for the economy being crap?

The EPA business and the Obamacare nonsense sounds like typical talking points without any facts to back them up, but the Tax system actually has a whole bunch to show that firstly, taxing the lower/middleclass heavily stunts consumerism which in turn kills jobs (basic supply and demand principle) whereas taxing the rich helps stunt the intensity and regularity of the boom/bust cycle (just look at one of our most prosperous and stable times economically, the 1950s, when the top of the tax bracket had to pay close to 90% income tax).

Basically, what you want is to try to speed up the Boom/Bust cycle, apparently forgetting that for every boom that occurs that quickly, it will not be able to continue to expand and then the bust will hurt.
 
LOL

Lets see...

Bush, who only got into schools because of his name, only avoided going to Vietnam because of his connections and managed to bankrupt several businesses before he turned his eye on politics... and bankrupted the US with his policies.. Yea your problem is clearly Obama.....:roll:

Well seeing how Bush's and Obama's solutions aren't terribly different....yes. The main purpose of the measures was not to drive all of us into a better economic environment. It was made to protect the banks and hedge funders and the aristocracy from their mistakes. They took our money and gave it to them for bailouts, they isolated their burden from it. Meanwhile, the rest of us are still left in a broken economy trying to get jobs and work so we can live; but the measures taken in this recession were not made for those means and it is very clear that it wasn't. Neither Bush nor Obama served the people with their recovery plans.
 
I fail to see how fewer new jobs, lower home prices, higher gas prices, higher food prices and keeping more people on the government doles is a good thing.

Ever read "Brave New World" Sit back, relax - have a soma or two, sing a hymn to the government and all will be well.

:pimpdaddy:
 
today:

The labor force — those who have a job or are looking for one — is getting smaller, even though the economy is growing and steadily adding jobs. That trend defies the rules of a normal economic recovery. Nobody is sure why it's happening. Economists think some of the missing workers have retired, have entered college or are getting by on government disability checks. Others have probably just given up looking for work.

By the government's definition, if you quit looking, you're no longer counted as unemployed. And you're no longer part of the labor force. The number of Americans counted as unemployed has shrunk by almost 1.3 million [since November]. That means the labor force has dropped by 529,000 workers.

The percentage of adults in the labor force is a figure that economists call the participation rate. It is 64.2 percent, the smallest since 1984. And that's become a mystery to economists. Normally after a recession, an improving economy lures job seekers back into the labor market. This time, many are staying on the sidelines. Their decision not to seek work means the drop in unemployment from 9.8 percent in November to 9 percent in April isn't as good as it looks.

If the 529,000 missing workers had been out scavenging for a job without success, the unemployment rate would have been 9.3 percent in April, not the reported rate of 9 percent. And if the participation rate were as high as it was when the recession began, 66 percent, in December 2007, the unemployment rate could have been as high as 11.5 percent.

The labor force grew by just 15,000 in April from March — not even enough to keep up with population growth. Economists say many would-be job seekers remain daunted by the odds against finding work: There were 4.3 unemployed people for each job opening in March, more than double the ratio before the recession. And job vacancies are running 35 percent below the pre-recession peak.

Some who have left the job market are getting by on government checks, particularly Social Security's program for the disabled. More than 8.3 million Americans were on Social Security disability last month, up 1.2 million, or 17 percent, from the end of 2007.

More job seekers give up, reducing unemployment - Yahoo! News
 
Ever read "Brave New World" Sit back, relax - have a soma or two, sing a hymn to the government and all will be well.

:pimpdaddy:

If we lived in that world, I'd be on the island.
 
We need PORKULUS VII--Return of the Pork...........

........letting liberals blow all our money and our grandchildren's grandchildren's money is the only way to save the economy..........
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Many figures dropping is actually a good thing, because if they didn't consumption would be raising the debt even more. It's cheaper to put people on government checks vs. keeping them in full time jobs or letting them fall into a criminal dilemma with no benefits.

Its like entering a different dimension when anyone with a (D) after their name is at the helm.........

.........."is actually a good thing"........God Help Us.
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It's cheaper to put people on government checks vs. keeping them in full time jobs or letting them fall into a criminal dilemma with no benefits.
LOL. This is either the most brilliant thing I have ever read...or it isn't. I am leaning toward 'isn't."
 
We need PORKULUS VII--Return of the Pork...........

........letting liberals blow all our money and our grandchildren's grandchildren's money is the only way to save the economy..........
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Porkulus VIII, Bigger and Better, This Time its Really Going to Work!
 
I think what you guys aren't really coming to terms with is that regardless of who was running the show right now the economy would be in about the same situation. My job for example is out until August (praying it isn't longer) due to the tsunami in Japan slowing down suppliers. Regardless of whom was in the Oval Office my job would have been gone for the time being. Also what most people don't realize is countries specifically hit by the 2008 recession such as Germany, Canada, United Kingdom, Germany, Australia, haven't fully recovered either. Is it Obama's fault those countries haven't fully recovered? Of course these countries have a typically slightly smaller percentage of unemployment at around 7%. I hate to say it I think quite a few economist are right though, we won't fully recover from this crap until well after Obama or any other president that may be president in 2012 is out of office.

People my age especially it is incredibly hard to find work with a college education or not. I talk to a lot of older people in their 50s+ telling me about when they were my age getting jobs making $18-30/hr lots of hours good benefits, good pension, etc and talking about that being a normal thing and thinking, goddamn that would be great. I think our politics on both sides could be blamed on the fact that this doesn't happen anymore (and people are happy when they make $12-15 an hour nowadays and can even get full medical coverage let alone a good pension) but I also greatly blame China and India. A lot. I think China and India has to be dealt with, in my mind China is a bigger threat to the American way of life than any terrorist organization could ever hope to be. Of course, it is our own U.S. government and corporations making it this way ****ing us as hard as possible. I think the only way this will end is one day when China and India actually have a real middle class that begins to demand real working wages, less hours, better benefits and when China is seen as being sort of a USSR style fraud. When all this **** happens and there is less incentive for these countries to keep ****ing us over so they can make $300 on a iPod that cost them $50 in parts and labor then our country will boom even more as the jobs come back this way, that or they will move to Africa. :(
 
I simply do not see anything that can jump start the US economy.
Perhaps you suffer from a lack of imagination.

Economies are bigger then their leaders and yours I'm afraid to say, would be in this situation with, or without Obama... for it took a long time to put you in this place.
Your lack of imagination is no reason for inaction or improper action. Recessions come and recessions go. It takes very wrong actions to sustain and deepen an economic crisis. FDR did it to us, Carter did it to us, and now the one-term president Obama is doing it to us. If we survive this there are easy, good solutions that will get us out of this. But not until after the one-term president Obama is gone.
 
So wait Mr.V, you're claiming that the EPA, Obamacare and a progressive tax system are the reason for the economy being crap?
If, by EPA, you mean the vast federal bureaucracy, that regulates every aspect of our lives right down to the kind of toilets we can crap into, then yes. Exactly. This single insight might be sufficient to turn you from your dark, liberal ways, toward the light and freedom of conservatism. Government takings are unconstitutional except under very strict rules. And yet we have seen financial institutions, car companies (I will never knowingly buy anything created by Government Motors), and 1/6th of the entire economy nationalized under the one-term president Obama. He has even dipped into crony capitalism (which is not capitalism) with his major contributor General Electric. I shall also not knowingly buy anything from GE. Add to it the enormous desire for power over everyone through taxation and the trifecta is complete.
 
So tell me, conservatives. If you were put in charge right now, what would you do to fix the economy?
 
If, by EPA, you mean the vast federal bureaucracy, that regulates every aspect of our lives right down to the kind of toilets we can crap into, then yes. Exactly. This single insight might be sufficient to turn you from your dark, liberal ways, toward the light and freedom of conservatism.

I personally like Toilets that flush down instead of up, I don't care if the up ones are cheaper.

Government takings are unconstitutional except under very strict rules. And yet we have seen financial institutions, car companies (I will never knowingly buy anything created by Government Motors), and 1/6th of the entire economy nationalized under the one-term president Obama.

By this one 6th I assume you mean the Health Care industry, which was not nationalized.

He has even dipped into crony capitalism (which is not capitalism) with his major contributor General Electric. I shall also not knowingly buy anything from GE. Add to it the enormous desire for power over everyone through taxation and the trifecta is complete.

There's no actual coherent thought in this part...

A: Whats Crony capitalism?

B: power over everyone through taxation? He did extend your beloved Bush Tax Cuts by the way...
 
What happened to the historic, decisive victory the Republicans won in 2010? Why haven't they fixed everything yet? They control half the government, so how come they get to lay all the blame at Obama's feet?
Perhaps you are unfamiliar with American government and how it is organized. There are three branches of government. Ideally each of the three contends with the other two so that the government is constrained and prevented from becoming all powerful and tyrannical. The one-term president Obama heads the Executive branch. The Judicial branch is headed by no one. It consists of all of the federal courts with the US Supreme Court as the highest court. It's job is to decide, in accordance with the US Constitution, between parties in lawsuits and some criminal proceedings. The Legislative branch is divided into two contending groups, one group, we call the Senate, was originally intended to protect the states, with senators being selected by the governors of the states. It was a good idea. The second part, we call the House of Representatives, was intended to make sure the people of the country had a voice in lawmaking.

Given that can you show me how Republicans control one-half of the federal government? From memory, without Google's assistance, I think Republicans only control the House. Your mileage may vary.
 
By this one 6th I assume you mean the Health Care industry, which was not nationalized.
If you prefer the fascist argument I could go that way for you instead. Most people do not understand fascism where the government essentially runs things through regulations while maintaining the facade of private ownership. The two are, for all practical purposes, identical in their outcomes. Just let me know which way you prefer to interact. Nationalization. Or fascism. Either way it is Obama.
 
If you prefer the fascist argument I could go that way for you instead. Most people do not understand fascism where the government essentially runs things through regulations while maintaining the facade of private ownership. The two are, for all practical purposes, identical in their outcomes. Just let me know which way you prefer to interact. Nationalization. Or fascism. Either way it is Obama.

Ah ha.

So you're one of "those" conservatives, well it's been nice chatting but since you have no idea what you're talking about I'm going to go watch the grass grow, far more productive.
 
So tell me, conservatives. If you were put in charge right now, what would you do to fix the economy?

I know!

1) cut taxes for the rich and companies (not that it can get much lower), while increasing it for everyone else via the back door.
2) stop SS, Medicaid/care. Who cares if people die to treatable diseases, that is their problem and responsibility! Old people, you should have saved up!.. time to live with your children or on the street!
3) increase military spending to cope with the social unrest and blame it on the left and Muslims.
4) make homosexuality a crime punishable by death..the test case is going on in Uganda with the help of the evangelical back bone of the conservative movement. Bonus is that the opposition will have less core voters.
5) ban abortion of any kind and making having or giving an abortion punishable by death. Sucks for the women who abort naturally.. it must be their own fault and hence they must be punished.
6) out law communism and "liberals" ideas at all levels of society.
7) lock all Muslim in camps or kick them out.. all Muslims are terrorists no?
8) lock all Hispanics up since at least some of them must be illegal no?

That close enough?
 
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So tell me, conservatives. If you were put in charge right now, what would you do to fix the economy?

Repeal every piece of Democrat legislation ever passed in US History..........

.........and the flood gates of Prosperity will once again open.
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Repeal every piece of Democrat legislation ever passed in US History..........

.........and the flood gates of Prosperity will once again open.
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so the constitution, bill of rights and all that stuff right?
 
today:

Employers hired far fewer workers than expected in May and the jobless rate rose to 9.1 percent, raising concerns the economy might be stuck in a painful slow-growth mode.

Nonfarm payrolls increased 54,000 last month, the weakest reading since September, the Labor Department said on Friday. Private employment rose just 83,000, the least since last June, while government payrolls dropped 29,000.

Economists had expected payrolls to rise 150,000 and private hiring to increase 175,000. The government revised employment figures for March and April to show 39,000 fewer jobs created than previously estimated.

The job creation slowdown confirmed the economic weakness already flagged by other data from consumer spending to manufacturing, and it stoked fears the economy could be facing a more troubling stretch of weakness than had been thought.

The economy has regained only a fraction of the more than 8 million jobs lost during the recession. Economists say payrolls growth above 300,000 a month is needed to make significant progress in shrinking the pool of 13.9 million unemployed Americans.

Employment growth slows sharply in May | Reuters
 
Repeal every piece of Democrat legislation ever passed in US History..........

.........and the flood gates of Prosperity will once again open.
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I actually can't tell if you're being serious or not. That's kind of depressing.
 
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