Jobless claims climb

[BOBDN]

Originally posted by: XZeroII
There is usually a delay between different parts of economic recovery. Many corporations are probably waiting until their profits improve before they make any major hiring decisions.

Uh huh. It's just the delay this time has been three years with no relief in sight for millions of unemployed Americans who are watching as more and more jobs are being sent overseas.

Looks like theyvre made the "major hiring decisions" already. They've just made them offshore.

 

[ElFenix]

Originally posted by: BOBDN

Originally posted by: XZeroII
There is usually a delay between different parts of economic recovery. Many corporations are probably waiting until their profits improve before they make any major hiring decisions.

Uh huh. It's just the delay this time has been three years with no relief in sight for millions of unemployed Americans who are watching as more and more jobs are being sent overseas.

Looks like theyvre made the "major hiring decisions" already. They've just made them offshore.

since the recession started 3 years ago the delay couldn't possibly be 3 years long unless the recession was 1 day. which isn't a recession.

 

[BOBDN]

Originally posted by: ElFenix

Originally posted by: BOBDN

Originally posted by: XZeroII
There is usually a delay between different parts of economic recovery. Many corporations are probably waiting until their profits improve before they make any major hiring decisions.

Uh huh. It's just the delay this time has been three years with no relief in sight for millions of unemployed Americans who are watching as more and more jobs are being sent overseas.

Looks like theyvre made the "major hiring decisions" already. They've just made them offshore.

since the recession started 3 years ago the delay couldn't possibly be 3 years long unless the recession was 1 day. which isn't a recession.

The recession began in March 2001. Next March will be three years. But let's now quibble over a few months. The jobless have been waiting for three years for work and they're still waiting while the US is sending their work overseas.

Ask the people who lost 3 million jobs under Bush how long it's been. I guarantee you they'll say it feels like a lifetime.

 

[LunarRay]

If every man woman and child spent $1000 or incurred that much in debt above their ordinary expenditures (300,000,000 X $1000 = about $300b) we'd start a stampede to jobs as the retailer and manufacturer spun up to meet the demand.. But, it must be purchased from an American company, owned by americans or owned by entities that have no foreign ownership anywhere at all and all goods sold/purchased must be made by Americans in these American companies. (not even a hint of foreign involvement at all anywhere)

 

[BOBDN]

Originally posted by: LunarRay
If every man woman and child spent $1000 or incurred that much in debt above their ordinary expenditures (300,000,000 X $1000 = about $300b) we'd start a stampede to jobs as the retailer and manufacturer spun up to meet the demand.. But, it must be purchased from an American company, owned by americans or owned by entities that have no foreign ownership anywhere at all and all goods sold/purchased must be made by Americans in these American companies. (not even a hint of foreign involvement at all anywhere)

Unfortunately LR that $300b is being spent unnecessarily in Iraq. If we're lucky it'll be $300b - could be lots more.

 

[LunarRay]

Lets get that oil pumping so we can pay us back ... plus a handling fee and charge them for all our folks killed or injured over there. Plus a fee for the economic recovery delay... say 1 t for that alone..

 

[BOBDN]

Originally posted by: LunarRay
Lets get that oil pumping so we can pay us back ... plus a handling fee and charge them for all our folks killed or injured over there. Plus a fee for the economic recovery delay... say 1 t for that alone..

I agree. That should allow Iraqis to be able to enjoy the freedom we're bringing by this time next century.

 

[LunarRay]

Originally posted by: BOBDN

Originally posted by: LunarRay
Lets get that oil pumping so we can pay us back ... plus a handling fee and charge them for all our folks killed or injured over there. Plus a fee for the economic recovery delay... say 1 t for that alone..

I agree. That should allow Iraqis to be able to enjoy the freedom we're bringing by this time next century.

Freedom to enjoy whatever they want.. or what there is.. They're free... ain't that enough?

 

[BOBDN]

Originally posted by: LunarRay

Originally posted by: BOBDN

Originally posted by: LunarRay
Lets get that oil pumping so we can pay us back ... plus a handling fee and charge them for all our folks killed or injured over there. Plus a fee for the economic recovery delay... say 1 t for that alone..

I agree. That should allow Iraqis to be able to enjoy the freedom we're bringing by this time next century.

Freedom to enjoy whatever they want.. or what there is.. They're free... ain't that enough?

Sure, freedom is enough. Freedom is free. Just ask George. He lets all his friends enjoy freedom for free.

 

[LunarRay]

I have a bias because I'm not in Iraq nor any of my family members, that I know about. In any event, in an environment of them or us, I opt for us. Now if we were a part of some global effort, given the absence of any evidence of the immanent threat to us, I'd support the visit of our troops and some minor $ to fund some activities like oil pumping and the like to get Iraq on a economically sound program. Now we see jobless claims climb and I wonder where do these military folks go to work when they are done serving? What work will await them aside for Veteran Preference entitlements? Are they 'forced' to stay in? Some day they will get out and when that day occurs will they have the training to enter the job market after serving at low pay for years (?). Some will, of course, but, not all are technical folks some just know how to shoot M16s. Some argue they can get (what ever the GI Bill is today) some education and try to enter the market... behind their peers. I believe the charter of our government is to insure there is work not only for them but all Americans by legislating sound economic policies that put the emphasis on the US first and the rest of the world after we have all Americans employed.

 

[rchiu]

Originally posted by: xxxxxJohnGaltxxxxx

Originally posted by: HeroOfPellinor

Originally posted by: rchiu
How blind can people be? If there is a recovery and working people are not better off, where does the GDP/money generated by the recovery goes?

Doesn't take a genius to figure out that this economy recovery is concentrated on the top percents of income group because of the Tax cut policy and business friendly policies in the expense of rest of income groups.

So, genius, I guess we create jobs by taxing the hell out of businesses?

Yea, you didn't get the memo? As taxes (or the cost of doing business) go up, corporations hire more workers to produce more goods and services at an increased cost to consumers which facilitates increased demand. That's Liberalonics 101, silly.

Sure, so let's let the business pollute the environment all they want. Let's let the richest people who owns huge amount of stock get their income (dividend) tax free. Let's let the company setup headquarters anywhere, like XYZ Island so they can get away with paying tax. While average Joe have no way of getting away from paying income tax, corporates are hiring army of accountants and lawyers to study how to get away with paying tax. Do you know how much our beloved corporate America contributed to total tax collected in United States in 2001? 8.3% (corporate income tax) !! While individual contributed 48% (indiviudal income tax) with other tax generated from employment taxes and estate/gift. (Source. IRS Data book 2002)

Going back to the topic. The current economic recovery is not going to help employment much. Company already know they can get away with fewer people and moving much of the essential functions oversea. There is no law to stop companies from exploiting cheap labor oversea. The current tax policy, environment policy and everything else is hugely pro-business in the expense of mid-lower income group. That's fine by me since I got enough skills and knowledge to hopefully take advantage of whatever the admin policy is and stay in the higher income group, too bad to all the people who does not know what is going on and blindly support this admin no matter what.

 

[dmcowen674]

Originally posted by: rchiu

Originally posted by: xxxxxJohnGaltxxxxx

Originally posted by: HeroOfPellinor

Originally posted by: rchiu
How blind can people be? If there is a recovery and working people are not better off, where does the GDP/money generated by the recovery goes?

Doesn't take a genius to figure out that this economy recovery is concentrated on the top percents of income group because of the Tax cut policy and business friendly policies in the expense of rest of income groups.

So, genius, I guess we create jobs by taxing the hell out of businesses?

Yea, you didn't get the memo? As taxes (or the cost of doing business) go up, corporations hire more workers to produce more goods and services at an increased cost to consumers which facilitates increased demand. That's Liberalonics 101, silly.

Sure, so let's let the business pollute the environment all they want. Let's let the richest people who owns huge amount of stock get their income (dividend) tax free. Let's let the company setup headquarters anywhere, like XYZ Island so they can get away with paying tax. While average Joe have no way of getting away from paying income tax, corporates are hiring army of accountants and lawyers to study how to get away with paying tax. Do you know how much our beloved corporate America contributed to total tax collected in United States in 2001? 8.3% (corporate income tax) !! While individual contributed 48% (indiviudal income tax) with other tax generated from employment taxes and estate/gift. (Source. IRS Data book 2002)

Going back to the topic. The current economic recovery is not going to help employment much. Company already know they can get away with fewer people and moving much of the essential functions oversea. There is no law to stop companies from exploiting cheap labor oversea. The current tax policy, environment policy and everything else is hugely pro-business in the expense of mid-lower income group. That's fine by me since I got enough skills and knowledge to hopefully take advantage of whatever the admin policy is and stay in the higher income group, too bad to all the people who does not know what is going on and blindly support this admin no matter what.

Very well summarized RChiu.

It's become an U.S. Economic divide with a complete slash and burn of the Middle Class which was the heart of America.

America has shifted to a Duonomic Society.

Those that are doing extremely well and will do anything at all costs to keep it that way at the expense of a great Nation.

 

[heartsurgeon]

huh?

NPR (National Proletriate Radio) had a show today where they stated that the jobless rate is declining?

 

[BaliBabyDoc]

Jobless rate is a function of the number of people seeking employment . . . hence the rate can rise with optimism and fall with pessimism . . . clearly we occupy a pessimistic phase. Why bother looking for a job when the prospects sux and your unemployment check is in the mail?

The net loss of jobs combined with a falling unemployment rate is a really bad sign.