Still losing 500,000 jobs PER WEEK...prepare

[Vic]

Whipper - we are in a race to the bottom. I suspected this for some time but never coalesced these thoughts until your postings. thanks.

pfft... you 2 need anti-depressants or something.

The Pax Americana has only just begun, and it will FAR outlast all our lifetimes. Some 2,000 years from now, historians then will look on America even more than the way historians today look on ancient Rome. In fact, in the future, we will finally shed our colonialism and there will be a distinctly American race and a distinctly American language. And we will rule the world for centuries. Honestly, I wish I could be there to see it.

 

[WhipperSnapper]

I am not buying a house yet. Look, we got government that is going to be ineffective in stimulating economy, if it wasn't effective before Republicans could filibuster stimulus, it sure is not going to be effective now. I predict we are in for another dip and a W shaped very painful recession.

The only economic policy changes our politicians are willing to make is to borrow money and throw it at the economy. Of course, we have real substantive problems with our nation's economic policies, but they are not willing to dare mention them because the small minority of people who benefit from them would get angry and would withhold campaign funding. Even broaching the subject might be akin to angering the volcano god.

 

[WhipperSnapper]

The Pax Americana has only just begun, and it will FAR outlast all our lifetimes. Some 2,000 years from now, historians then will look on America even more than the way historians today look on ancient Rome. In fact, in the future, we will finally shed our colonialism and there will be a distinctly American race and a distinctly American language. And we will rule the world for centuries. Honestly, I wish I could be there to see it.

I know that this was all tongue-in-cheek, but I have no idea what you were trying to communicate.

 

[Vic]

I know that this was all tongue-in-cheek, but I have no idea what you were trying to communicate.

Not one word of it was tongue-in-cheek. But no worries, I'm not against you. It takes both the reckless and the worriers to bring about what I said.

 

[wwswimming]

Whats the current unemployment rate?

10%+ official.

using statistical methods from the old days (like 30 years ago) - it's more like 20%. they keep moving the goal-posts to massage the numbers.

Current Job Losses are not 500,000 per week - they're approx.482,000 per month.

The way the numbers are stated, it's a "rolling average" (estimate for monthly job losses are updated each week, depending on weekly job losses).

 

[StageLeft]

I really, truly want to know how the unemployment figure always includes those who "stop looking" for work. What kind of a person is out of work for so long they stop looking? That's like being so hungry you just give up wanting to eat.

 

[Red Dawn]

10%+ official.

using statistical methods from the old days (like 30 years ago) - it's more like 20%.

Explain, somehow I find it hard to believe that nationally 1 in 5 are out of work

 

[wwswimming]

Explain, somehow I find it hard to believe that nationally 1 in 5 are out of work

http://www.shadowstats.com/

John Williams is an old-school economist who used to work for the government - counting the unemployed.

the best explanation I've heard from him is in one of his interviews at Financial Sense where he talks about how the US gov. has changed their unemployment measurement techniques over the years.

though perhaps the best way to understand it is to take a drive across country, visiting Indiana and Ohio and Detroit.

 

[Budmantom]

Barrrack Hussein Obaba has saved or created 2 milllllion jobs, don't let the facts get in the way.

 

[WhipperSnapper]

Barrrack Hussein Obaba has saved or created 2 milllllion jobs, don't let the facts get in the way.

Why are you laying the blame at Obama's feet and not also at Bush and Congress in general? What have the Republicans done or proposed to do that would have improved our nation's economic system?

Democrats = Republicans and Obama = Bush as far as basic economic policy goes; they might as well all be one single political party. They just like to distract Americans over side issues like abortion and gay marriage to trick Americans into thinking that we have two opposing parties while in reality, when it comes to the largest, most important issues, they do the bidding for the people they really represent--corporations and the entrenched wealthy class.

 

[LegendKiller]

10%+ official.

using statistical methods from the old days (like 30 years ago) - it's more like 20%. they keep moving the goal-posts to massage the numbers.

Current Job Losses are not 500,000 per week - they're approx.482,000 per month.

The way the numbers are stated, it's a "rolling average" (estimate for monthly job losses are updated each week, depending on weekly job losses).

Please provide a credible source for your reconciliation to the 20% number. Frankly, it's bullshit. U6 was never used in official statistics.

 

[Budmantom]

Why are you laying the blame at Obama's feet and not also at Bush and Congress in general? What have the Republicans done or proposed to do that would have improved our nation's economic system?

Democrats = Republicans and Obama = Bush as far as basic economic policy goes; they might as well all be one single political party. They just like to distract Americans over side issues like abortion and gay marriage to trick Americans into thinking that we have two opposing parties while in reality, when it comes to the largest, most important issues, they do the bidding for the people they really represent--corporations and the entrenched wealthy class.

You want me to give Bush the credit for saving or creating 2 million jobs?

 

[WhipperSnapper]

You want me to give Bush the credit for saving or creating 2 million jobs?

Give Bush credit for overseeing a good portion of the destruction of the American economy. Under Bush, global labor arbitrage really began to assert itself and he did nothing but cheer it on. Bush did nothing to address the problem of manufacturing jobs going overseas. He did nothing to address the problem of Americans being displaced by H-1B and L-1 visas. He did nothing about mass legal immigration and illegal immigration. Instead he wanted to give amnesty to illegals.

What do you think Bush did to help or improve the U.S. economy?

 

[PJABBER]

Give Bush credit for overseeing a good portion of the destruction of the American economy. Under Bush, global labor arbitrage really began to assert itself and he did nothing but cheer it on. Bush did nothing to address the problem of manufacturing jobs going overseas. He did nothing to address the problem of Americans being displaced by H-1B and L-1 visas. He did nothing about mass legal immigration and illegal immigration. Instead he wanted to give amnesty to illegals.

This guy Bush sounds like a freakin' liberal!

 

[Jiggz]

Well, much of the underpinnings of this Depression asserted themselves under Bush. If Bush and the Republicans are so wonderful, why didn't they end foreign outsourcing, the H-1B and L-1 visa programs, and mass legal and illegal immigration? Global Labor Arbitrage is the engine that ultimately destroyed this nation's economy and Bush just cheered it on and encouraged it.

And with a super-majority for a year, what's this Admin waiting for to end this so called outsourcing or GLA? I can still vividly remember NAFTA!

 

[WhipperSnapper]

And with a super-majority for a year, what's this Admin waiting for to end this so called outsourcing or GLA? I can still vividly remember NAFTA!

Oh, I wholeheartedly agree with you that the Democrats suck too.

 

[Budmantom]

Oh, I wholeheartedly agree with you that the Democrats suck too.

Suck...... they have saved or created 2 milllllion jobs and they have only spent a trillion dollers, Bush would have had a hard time doing that.

 

[WhipperSnapper]

Suck...... they have saved or created 2 milllllion jobs and they have only spent a trillion dollers, Bush would have had a hard time doing that.

What are you trying to convey by mocking the Democrats? That the Republicans are better?

 

[5150Joker]

This is what happens when Republicans endorse selling out our industry to nations like China and India. The economy contracts, Americans go hungry and the top 2% get wealthier. Oh but at least we have Iraq's oil and Afghanistan's drug crops!

P.S. Don't forget to feed the poor Haitians tonight! It's not like US citizens need help or anything.
P.P.S. Those poor Israelis also need a few billion more in aid. Heaven forbid they lack a healthy supply of missiles, tanks and helicopters!