Unemployment increases to 9.8% after poor jobs report

[dmcowen674]

Labor is too cheap abroad.

We can't accept the same rate of pay because the price of living hasn't decreased.

This is the new norm.

Cutting taxes for the rich Republicans and putting them back in power will fix it, everybody knows this.

 

[GoPackGo]

The dangerous spike you see from the 1940's is from the Great Depression. Although the debt we are experiencing today isn't as high, it has some similarities.

The debt from the 1940's was money spent for WWII towards manufacturing jobs. Although we accrued huge debt, the explosion of jobs helped pull the US out of the depression.

We are experiencing huge debt again in 2010, but its a necessary debt in order to survive the recession. How quickly we recover from this recession is dependent on how that government money is spent.

You suggest that a lot of that money results into jobs sent overseas. To me that is an argument that cannot be proven so I'm not going to get into that. What I will say is that if its unskilled labor, jobs will always go overseas no matter what. Unskilled labor is cheap labor and its cheaper overseas.

So based on your argument, how long before all food production is moved overseas?

More and more food items are coming from China everyday.

How long before Campbells, Green Giant and the like realize its cheaper to grow the items overseas, manufacture it overseas and then just ship it here?

 

[fskimospy]

So based on your argument, how long before all food production is moved overseas?

More and more food items are coming from China everyday.

How long before Campbells, Green Giant and the like realize its cheaper to grow the items overseas, manufacture it overseas and then just ship it here?

Probably never, countries almost always use tariffs to promote local food production for national security reasons.

 

[Munky]

LMAO... "Job growth unexpectedly stalled."

No, "unexpectedly" would be if jobs kept growing and unemployment kept dropping. Why would job growth NOT stall when we have done absolutely nothing to fix the problems which caused the financial crisis in the first place? Recovery? What recovery?

 

[Munky]

We are worse off today then 2-4 years ago under Bush/Republicans?

Yes, we are worse off. And not because Bush vs Obama or Dems vs Republicans, both sides are guilty of kicking the can instead of getting to the bottom of the problem.

 

[theeedude]

I suspect that had some bills been crafted better, there would have been less obstruction.

Pelosi and Reid set the tone for cooperation on Day 0 '08

I doubt it. It's was and still is in GOP's political interest to block any Democratic bills, especially ones that are crafted well and have a good chance of improving the economy. GOP is banking on bad economy in 2012 like they were in 2010. If you think that suffering of millions of unemployed takes precedence over GOP's political ambitions, I got a bridge to sell you.

 

[fskimospy]

I doubt it. It's was and still is in GOP's political interest to block any Democratic bills, especially ones that are crafted well and have a good chance of improving the economy. GOP is banking on bad economy in 2012 like they were in 2010. If you think that suffering of millions of unemployed takes precedence over GOP's political ambitions, I got a bridge to sell you.

Exactly. I would love to know what bills he is referring to and what changes to them he thinks would have led Republicans to oppose it less.

 

[werepossum]

Yup. And I'm surprised we didn't get a thread about this new bailout information...
http://money.cnn.com/2010/12/01/news/economy/fed_reserve_data_release/index.htm?hpt=T2

$9 trillion. :|

I'd say that is the Fed working as it should - no publicity, no demand that the banks accomplish some social good when they can't even keep themselves afloat, no government control, bailouts only in short-term loans that were all paid back.

That Sir James Goldsmith interview was spot-on, thanks. Damn the Constitution, I want HIM for President! Zombie Sir James Goldsmith, President for Life on the "I told you bastards this would happen!" party.

Because they have shitty filibuster rules in the Senate. Those tards should actually have to standup and speak non-stop if they believe that much in a bill not being put up for a vote.

You would think this would be something a few members of the GOP could back seeing as too many working americans are getting screwed.

I very, very seldom agree with you, but you are spot-on here. The filibuster is a very powerful tool, and under the current rules there is practically no cost to use it. At least Byrd had to remain on the floor and make an ass of himself to get his next "Robert Byrd train station where the train doesn't stop" pork. There should be no secret holds either; if a Senator believes a bill or a nominee should be stopped, he or she should damn well put his or her name and reputation on the line to do so.

 

[MrX8503]

So based on your argument, how long before all food production is moved overseas?

More and more food items are coming from China everyday.

How long before Campbells, Green Giant and the like realize its cheaper to grow the items overseas, manufacture it overseas and then just ship it here?

Uh...except it's not cheaper that way and also it doesn't work that way.

 

[jrodson69]

Cutting taxes for the rich Republicans and putting them back in power will fix it, everybody knows this.

I take it you're the resident comic relief, right?

 

[theevilsharpie]

Surprise, Surprise. What a "Recovery Summer" we had, eh?

Actually, we have had a "Recovery Summer." Over the past year, quarterly real GDP has risen to the point where it's about 0.75% away from topping the highest real GDP ever recorded, and could very well close the gap by the end of Q4 2010.

 

[jackace]

Yes, we are worse off. And not because Bush vs Obama or Dems vs Republicans, both sides are guilty of kicking the can instead of getting to the bottom of the problem.

The problem is to fix this mess it's going to hurt, and that is bad for politicians. We are not going to see things fixed until we have a major disaster on our hands. Politicians just aren't going to make the hard choices needed to fix this mess. They want to give out free money, tax cuts, etc to get votes for the next election. Our system is broke at this point, and the major reason is the American people are stupid/ignorant and short-sided.

 

[Attic]

The problem is to fix this mess it's going to hurt, and that is bad for politicians. We are not going to see things fixed until we have a major disaster on our hands. Politicians just aren't going to make the hard choices needed to fix this mess. They want to give out free money, tax cuts, etc to get votes for the next election. Our system is broke at this point, and the major reason is the American people are stupid/ignorant and short-sided.

True, we have a political system that has become more concerned with itself than the people. Additionally the system promotes this very kind of behavior (Read: No term limits, ridiculous representative spending on taxpayer dime) without any considerations to impliment necesary changes.

 

[Acanthus]

Taxes on YOU are too low too. I'm in favor of increasing your taxes as well as you are not paying your fair share. Look at all that equipment in your sig.. You should be paying WAY more in taxes if you can afford water cooling.

I agree, however, raising my taxes wont close the gap in the federal budget.

I'm also a full time student, so i don't make much and my computer is the only possession i have worth anything.

I have a net worth of about -$40000.

Increasing my taxes will dramatically effect my lifestyle.

Increasing taxes on $250k+ by 3% will mean what exactly for them?

I will be more than happy to pay my fair share after i finish grad school.

 

[ericlp]

yeah... I can't wait for you tards to elect in pailin she'll get us out of this mess! Oh yeah!!!!! Whoohooo!


What do you expect Obama to do again? If the repubs are so great, they have control now... why is it STILL getting worse? HMMMMMMMMMM!!!!!!!!

Yes your two party system has failed again. Wake up freaks.

 

[dmcowen674]

The problem is to fix this mess it's going to hurt, and that is bad for politicians. We are not going to see things fixed until we have a major disaster on our hands. Politicians just aren't going to make the hard choices needed to fix this mess. They want to give out free money, tax cuts, etc to get votes for the next election. Our system is broke at this point, and the major reason is the American people are stupid/ignorant and short-sided.

Not to worry, President Palin and all her Republican Tea Party friends will fix it all, you betcha

 

[her209]

Increasing taxes on $250k+ by 3% will mean what exactly for them?

Keep in mind that its a "tax increase" only on the money made above $250,000. The money below $250,000 is tax at the same rate as everyone else.

 

[Double Trouble]

Are Republicans in denial that they've been obstructing legislation, or trying to duck responsibility for the consequences of that obstructionism?

Sure, the republicans were the small minority, so they had no other role but to "obstruct" anyway, no denial needed. Further, "obstructing" bad legislation is a good thing, and the "consequences" of that obstruction is less damage to the country. The last election showed that people didn't mind that supposed "obstruction".

 

[gingermeggs]

This. and then the braindead liberals wants to spend more money in the "short term" to grow the economy in the long term. Hey fvcktrds, jobs are being shipped overseas like there is no tomorrow. Unless you stop that and start bringing jobs back, you will never lower unemployment coz most ppl dont know anything better to do and cant be "trained" in "high skill" jobs either thanks to the public school system.

This is competition, you sit at a bar and if the other guy can't afford a drink, you kick him out on his lazy good for nothing beggars ass! not buy him one or two!
The culture is bred on it, guess what........it doesn't work!
It's a self devouring concept.
But what are you really trying to say? the government should run the country???
are you a commie pinko?
should you only have to compete in your own country for the wealth of the whole world, inspite of the billions of other people in the world?(who don't want to buy f35)

 

[gingermeggs]

Sure, the republicans were the small minority, so they had no other role but to "obstruct" anyway, no denial needed. Further, "obstructing" bad legislation is a good thing, and the "consequences" of that obstruction is less damage to the country. The last election showed that people didn't mind that supposed "obstruction".

Try applying your name to your countries political system.....then say "hey when did I fall asleep" , like maybe in 1981 or something.

 

[Double Trouble]

If the repubs are so great, they have control now... why is it STILL getting worse? HMMMMMMMMMM!!!!!!!!

Dumbass, republicans don't "have control" of anything. After the end of this year they will have a small majority in the house, meaning they still won't have any control of anything, other than more effectively being able to derail legislation the democrats want to pass. If the parties don't work together we'll have gridlock, which is not a bad thing.

 

[gingermeggs]

So based on your argument, how long before all food production is moved overseas?

More and more food items are coming from China everyday.

How long before Campbells, Green Giant and the like realize its cheaper to grow the items overseas, manufacture it overseas and then just ship it here?

About the time you have to pull off all your agricultural subsides-in 2012 under the fta!
Maybe you should start your own vegie patch and dig yourself in, next to the turnips!

North Korea is giving you a way out now, slug it out while you can, don't worry about causalities you can bred more of them, later on.
Unemployment would be slashed if you conscripted all the poor to fight in north korea.....too easy mister!
Hey!!!! pay them less then the dole they get now!!!!!!!!

 

[Hacp]

Markets don't follow these stuff. They are controlled by computer algorithms programmed using FORTRAN running on SSDs and overclocked I7s cooled with Liquid nitrogen.

 

[dmcowen674]

Dumbass, republicans don't "have control" of anything.

Oh stop with that bullshit, just because you don't have the WH at the moment you still have full control.

Obama has been castrated.

 

[Double Trouble]

Oh stop with that bullshit, just because you don't have the WH at the moment you still have full control.

Obama has been castrated.

Sigh. Really? Are you that clueless? The repubs don't have the senate or the white house, which means they don't have the power to push ANYTHING through congress and have it signed. The most they can do is play "roadblock" effectively, or compromise with the democrats. In other words, they don't have control of anything.