Originally posted by: Shelly21
According to CNNMoney, Ford is slashing 12,000 jobs worldwide, not just in the US, and Chrysler is going to do the same.
yip - Ford Europe announced yesterday to slash 3000+ jobs here in the Ford plant (Belgium).
Originally posted by: Shelly21
According to CNNMoney, Ford is slashing 12,000 jobs worldwide, not just in the US, and Chrysler is going to do the same.
Originally posted by: XZeroII
Another point: How many jobs were created in that time? It's pretty irresponsible to show information on how many jobs were lost and not point out how many new jobs were created.
Originally posted by: dirtboy
Originally posted by: LunarRay
The best economist can with some reliance on his education and experience tell you cause and effect as a general proposition. If I said to you we had a net lost of 10000 jobs last month and you thought that was no biggie... you'd pass over the essential parts.. how many did we gain and lose and in what sector and local and what is the dollar affect to the entire change.. Are there suppliers, support, service etc. yet to record their losses..
If we lost 7m jobs averaging 20$ per hr and created 6.90m averaging 10$ per hr you can easily see the impact that has in the sector and local.. the important part is to know where. If losses are centralized in Mich. and gains are through out the states.. we've a major problem in Mich.
Okay a bunch of people lost their jobs and they are all unemployed. In the short term it sucks. In the long term, those people will find new work, create new jobs by starting business, move to a location that has jobs, or retrain/educate themselves in a new line of work.
So really, it's not a problem. Times change. Technology changes. Jobs change. Outlook changes. Things come and go, and people have to be flexible to that.
The economy works on supply and demand. Sometimes some areas have high demand, sometimes others do. That's how the economy works...take that to a global scale now, because, like it or not, we are a part of a global economy.
Originally posted by: Corn
Dirtboy. As the resident forum ass, I must admit I found your insult laden last post directed at LunarRay to be totally uncalled for.
Originally posted by: dmcowen674
Originally posted by: dirtboy
Originally posted by: LunarRay
The best economist can with some reliance on his education and experience tell you cause and effect as a general proposition. If I said to you we had a net lost of 10000 jobs last month and you thought that was no biggie... you'd pass over the essential parts.. how many did we gain and lose and in what sector and local and what is the dollar affect to the entire change.. Are there suppliers, support, service etc. yet to record their losses..
If we lost 7m jobs averaging 20$ per hr and created 6.90m averaging 10$ per hr you can easily see the impact that has in the sector and local.. the important part is to know where. If losses are centralized in Mich. and gains are through out the states.. we've a major problem in Mich.
Okay a bunch of people lost their jobs and they are all unemployed. In the short term it sucks. In the long term, those people will find new work, create new jobs by starting business, move to a location that has jobs, or retrain/educate themselves in a new line of work.
So really, it's not a problem. Times change. Technology changes. Jobs change. Outlook changes. Things come and go, and people have to be flexible to that.
The economy works on supply and demand. Sometimes some areas have high demand, sometimes others do. That's how the economy works...take that to a global scale now, because, like it or not, we are a part of a global economy.
Another it's only Supply and Demand pundit. Well there's your answer, leave the United States. That is exactly what is beginning to happen. First people were moving State to State to find work now we have to leave the Country, brilliant.
Originally posted by: rchiu
Originally posted by: dirtboy
Okay a bunch of people lost their jobs and they are all unemployed. In the short term it sucks. In the long term, those people will find new work, create new jobs by starting business, move to a location that has jobs, or retrain/educate themselves in a new line of work.
So really, it's not a problem. Times change. Technology changes. Jobs change. Outlook changes. Things come and go, and people have to be flexible to that.
The economy works on supply and demand. Sometimes some areas have high demand, sometimes others do. That's how the economy works...take that to a global scale now, because, like it or not, we are a part of a global economy.
Great, let's all follow your theory and get rid of all the unemployment office, all the government agency regulating the fiscal/monetary policies. Just let supply and demand take its course and we will all be rich and happy.
Yeap, you really do know economy........
--------------------Originally posted by: billyjak
Fact: President Bush has ben the only president in history to lose jobs in each year of his term. He is averaging 68,000 jobs lost each year of his term., and the total is climbing. Even his father created 62,000 jobs a year.
President Clinton created his first 4 years 268,000 jobs a year.,his second term 218,000 a year.
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According to the "experts" in here there are more jobs being created than lost, can't find any evidence of that but the swear they are right.
President Bush wants to disabolish overtime pay which is used to fuel the economy.
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That falls in line with the Corporations that own this Administration. They are using the excuse that American workers cost too much and that is why they have to ship the jobs overseas. Getting rid of overtime pay would supposedly lower this American Labor cost. Sure, it will but will the Corporations then bring the work back to the U.S. , NOT. All it will do is further increase profits and line the pockets of the few Execs at the top even more at the expense of everyone else and lower the quality of life in the U.s evem more. In other words, Kings that live in Castles and peasants that serve them everywhere else, complete destruction of the Middle Class that made America so strong.
Posted by LunarRay "I wish there was a more rational explanation to what is happening and perhaps there is. I am stuck on the notion that what occurs is not random but directed for some purpose. It is the purpose that I can't put my finger on. It could be just bad judgement but that presupposes a lot of bad judgement has been comming from the White House and Congress over the years.. Lets put it this way.. I'd not allow it to happen if I could control it so why do they.. ? "
The apparent goal is along the lines of this Global Economy, that the U.S. would no longer be looked up to as any kind of a "Super Power", no longer on cutting edge of Technology, no longer the Leader of the Free world, etc etc. Maybe the thinking that then it wouldn't be such a "Big" target to attack??? No one would want to beat up the Bully since he is no longer a Bully?
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President Bush wants to sign the free Trade agreement which will force the US to lose they predict 8 million jobs to be outsourced overseas.
President Bush wants 78 more billion to pay for Iraq, for a war he created out of vengence for his father, he knew that Sadam was never a threat for weapons of mass destruction., he has said so in his tapes from 2001.
Without the WMD, the whole thing is a Father/Son vendetta. Every Dictator needs to go, not just Saddam but Castro and the rest of them, why was only Saddam targeted???
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Fact: Unions help the economy by raising the standard of living.
Unions helped establish "Policy". A Policy of Corporations gently being forced to spread the wealth to very workforce that feeds them other wise they Bite the hand that feeds them which is exactly what is happening now.
"There is only so much you can bite the hand that feeds you until you will eventually starve."
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You decide which way to vote as this upcoming election is one of the most important in Americas history.
Vote Republican if you want to put the Country into Bankruptcy. The republicans could care less, they like to see low paying jobs created so they can maintain the power edge, it's always been that way and will never change.
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The Republican=Rich, Democrat=Poor thing has really reared it's head this time.
Consumer confidence is at a all time low. No spending, no jobs and a recession follows.
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They were saying Recession for the last at least 2 years, more like falling to DEPRESSION now.
People have the attitude to not buy american, cars, clothing and everything else.
We need to go back to campaining, buy American. or America will soon be overtaken by the China.
--------------------
Has to back further than that, has to be built and made in America first and be of decent quality or at least back up your product. Donna had the transmission go in her 2000 Dodge at 36,800 miles where the Warranty expired at 36,000, they wanted $2,000 to put in a new one. We complained and they "Pro-rated" the transmission like a Tire and charge us $200. Then the engine went at 38,000 miles and they wanted $2,000 to rebuild it. We complained again but they would not budge.
Harley Davidson is the only company that did it right by constantly projecting the image to buy american.
HD portrays the American image and has been very sucsessful.
In a relatively few years China will become the Global leader in every product we buy and USA will just be another spec on the map.
If we keep losing manufacturing jobs at the rate were going, oh well, next time it's your ass that goes out the door , oh well.
Bush signed bills and created this fiasco and if you want more so be it, but do not cry when you go bye bye.
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: dirtboy
Originally posted by: LunarRay
The best economist can with some reliance on his education and experience tell you cause and effect as a general proposition. If I said to you we had a net lost of 10000 jobs last month and you thought that was no biggie... you'd pass over the essential parts.. how many did we gain and lose and in what sector and local and what is the dollar affect to the entire change.. Are there suppliers, support, service etc. yet to record their losses..
If we lost 7m jobs averaging 20$ per hr and created 6.90m averaging 10$ per hr you can easily see the impact that has in the sector and local.. the important part is to know where. If losses are centralized in Mich. and gains are through out the states.. we've a major problem in Mich.
Okay a bunch of people lost their jobs and they are all unemployed. In the short term it sucks. In the long term, those people will find new work, create new jobs by starting business, move to a location that has jobs, or retrain/educate themselves in a new line of work.
So really, it's not a problem. Times change. Technology changes. Jobs change. Outlook changes. Things come and go, and people have to be flexible to that.
The economy works on supply and demand. Sometimes some areas have high demand, sometimes others do. That's how the economy works...take that to a global scale now, because, like it or not, we are a part of a global economy.
Another it's only Supply and Demand pundit. Well there's your answer, leave the United States. That is exactly what is beginning to happen. First people were moving State to State to find work now we have to leave the Country, brilliant.
So you are advocating companies keep too many expensive employees rather than offer them an early retirement package.
I guess you also advocate that verisin keep 1/3 pf its employees as managers. IT seems you would be much happier if these companies did not trim the fat and go bankrupt and layoff 100% of their employees.
Originally posted by: dmcowen674
Originally posted by: XZeroII
Another point: How many jobs were created in that time? It's pretty irresponsible to show information on how many jobs were lost and not point out how many new jobs were created.
If there was News of jobs being created, the News of so many Job loses wouldn't be News. If there was News of Jobs being created I would certaintly post about it.
If Dirtboy and the others in here that like all this are either in the Administration or Fat and Happy Execs of a Corporation reaping all the rape rewards, then their butt won't go bye bye and they don't care. They'll be sipping Mai Tai's on an Miami Beach.[/quote]Originally posted by: dmcowen674
Originally posted by: LunarRay
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: dirtboy
Originally posted by: LunarRay
The best economist can with some reliance on his education and experience tell you cause and effect as a general proposition. If I said to you we had a net lost of 10000 jobs last month and you thought that was no biggie... you'd pass over the essential parts.. how many did we gain and lose and in what sector and local and what is the dollar affect to the entire change.. Are there suppliers, support, service etc. yet to record their losses..
If we lost 7m jobs averaging 20$ per hr and created 6.90m averaging 10$ per hr you can easily see the impact that has in the sector and local.. the important part is to know where. If losses are centralized in Mich. and gains are through out the states.. we've a major problem in Mich.
Okay a bunch of people lost their jobs and they are all unemployed. In the short term it sucks. In the long term, those people will find new work, create new jobs by starting business, move to a location that has jobs, or retrain/educate themselves in a new line of work.
So really, it's not a problem. Times change. Technology changes. Jobs change. Outlook changes. Things come and go, and people have to be flexible to that.
The economy works on supply and demand. Sometimes some areas have high demand, sometimes others do. That's how the economy works...take that to a global scale now, because, like it or not, we are a part of a global economy.
Another it's only Supply and Demand pundit. Well there's your answer, leave the United States. That is exactly what is beginning to happen. First people were moving State to State to find work now we have to leave the Country, brilliant.
So you are advocating companies keep too many expensive employees rather than offer them an early retirement package.
I guess you also advocate that verisin keep 1/3 pf its employees as managers. IT seems you would be much happier if these companies did not trim the fat and go bankrupt and layoff 100% of their employees.
I don't see it that way.. ya gotta put the shoe on the foot that it fits on.. The management of the various companies have a duty to the owners to increase wealth or at least preserve wealth. They should do what is in the owners best interest.. going to Egypt if that is what it takes is their job.. The fact that they are forced to do this is the fault of the Government folks whose duty, it seems to me, is to insure the American people have an economy that provides the opportunities for the standard of living we have evolved to..
Originally posted by: dmcowen674
its just not competitive to do work in america anymore.
the place my dad works might be moving a lot of work to mexico also. i mean nafta makes it very easy to do.
395,000 Jobs lost a week, Holy Sh1T, I had no idea it was that high. We're not heading into DEPRESSION, we are firmly in it.
Originally posted by: dirtboy
Originally posted by: dmcowen674
Originally posted by: XZeroII
Another point: How many jobs were created in that time? It's pretty irresponsible to show information on how many jobs were lost and not point out how many new jobs were created.
If there was News of jobs being created, the News of so many Job loses wouldn't be News. If there was News of Jobs being created I would certaintly post about it.
No you wouldn't. You're a fear monger...just look at your posts.
Originally posted by: dmcowen674
Another it's only Supply and Demand pundit. Well there's your answer, leave the United States. That is exactly what is beginning to happen. First people were moving State to State to find work now we have to leave the Country, brilliant.
Originally posted by: dmcowen674
Originally posted by: dirtboy
Originally posted by: dmcowen674
Originally posted by: XZeroII
Another point: How many jobs were created in that time? It's pretty irresponsible to show information on how many jobs were lost and not point out how many new jobs were created.
If there was News of jobs being created, the News of so many Job loses wouldn't be News. If there was News of Jobs being created I would certaintly post about it.
No you wouldn't. You're a fear monger...just look at your posts.
What fear??? I never said or used the word fear. Also if you would read you would see positive posts as well, just so happens there aren't that many to post since we are in a DEPRESSION. No fear in that, it is reality.
Originally posted by: dirtboy
Considering you're the only person in the world saying it, it's fear. Nobody agrees with you. hahaha Fool.
It's called fear, fear of something you don't understand. You don't understand the economy, so when you hear news that you also don't understand, you misinterpret it and run here in hopes that someone will listen to your stupidity, because nobody else will.
Originally posted by: rjain
Interesting that while the number of jobs on employees' payrolls are going down, the number of employed people is going up. I've already mentioned this, so you can read about the details in a thread I started a few weeks ago.
Originally posted by: LunarRay
The NBER (the folks who identify the turning points and business cycles) have a definition of recession:
"A period of significant decline in total output, income, employment, and trade, usually lasting from six months to a year and marked by widespread contractions in many sectors of the economy". Of course there is the old stand by "A decrease in the GDP that lasts for at least two quarters"
The 'great depression' is really the worst of all our recession periods.. I might use the term depression to define a recession that is world wide and an order of magnitude greater than the normal recessions that occur over time. But, it really has wide and differing definitions.
IMO we are not in a depression but, some of the indicators of the NBER would point toward recession but, not all... The stock market is not an NBER indicator as such... it,among other things is a predictor of events and NBER looks at historical data.