Unemployment rate is the highest level in more than nine years
- Thread starter Ferocious
- Start date
It's good because it keeps wages down and insures against inflation. Plus the bankruptcies will put lots of goods on the market cheep. Without winners and losers you can't have a capitalistic society. People with good genes are born rich anyway. All is as it should be. If you had any money you'd know this is the best system. If you're good at the game you'll know too. Most people are morons and this will help to keep them from breeding.
CADsortaGUY
Lifer
Originally posted by: CADkindaGUY
This just in: The average IQ of this forum at its lowest level ever.
CkG
Should go up as soon you leave.
This just in: The average IQ of this forum at its lowest level ever.
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It wouldn't have been if you hadn't posted.
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This just in:
The average IQ at the White House at its lowest level in nine years.
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Make that since a President moved in.
Edit to fix leven and wrong date
-------------------------------------------
It wouldn't have been if you hadn't posted.
=================
This just in:
The average IQ at the White House at its lowest level in nine years.
---------------------
Make that since a President moved in.
Edit to fix leven and wrong date
I am still surprised that so many people are getting so bent out of shape. This recession is the mildest we have experienced in, well, as far back as I have studied. Take advantage of your joblessness to increase your skills and make yourself more attractive to employers, so that when the market does pick up again, you're ahead of the game.
Not to mention unemployment tends to be trailing indicator. There was also another report out today that was quite positive. There seems to be more economic good news than bad right now.
I hope it's true.
As for Bush, I believe he agreed to extend unempoyment compensation benefits by aiding the States. The unemployeed get a few extra months of benefits.
Statistics knows not feeling.
Link to report mentioned above.
Numbers above 50% indicate expanding, numbers below 50% indicate contracting of indexes.
Numbers above 50% indicate expanding, numbers below 50% indicate contracting of indexes.
You need to study the nature on man. We succeeded through cooperation. We are worthless by ourselves. We are either a social primate or an insane ape. We have chosen the latter through self hate.
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
MB,
You need to study the nature on man. We succeeded through cooperation. We are worthless by ourselves. We are either a social primate or an insane ape. We have chosen the latter through self hate.
I'm not an insane ape... more like a fluffy bunny.. Ya know that bunnies are know for their social skills...
You need to study the nature on man. We succeeded through cooperation. We are worthless by ourselves. We are either a social primate or an insane ape. We have chosen the latter through self hate.
I'm not an insane ape... more like a fluffy bunny.. Ya know that bunnies are know for their social skills...
NOO you cant post anything that would indicate that the president does not have the effect on the economy that we think he has. (im refering to all presidents) I havent seen anyone throw up a Phillip's curve, argue the short term effects of unemployment, or bring up our markets self correcting nature. This thread is for political bashing not true economic analysis to prove their point.
edit :
unemployment not employment
Shhhhhh. Don't mention A.W. Phillips and his curve. Economic theory is not discussed here. Only 'perceived' causes.
If the Economy doesn't make a miraculous recovery in 6 months this Administration is toast, the talk show hosts will not be able to save him. It won't matter what Democrat comes out of the Convention, he or she would easily beat Bush.
When the citizenry is feeling like crap and being crapped on, they will not vote for who is currently in Office.
Elaine Chao was quick to note that unemployment was higher b/c 611K people entered (college/high school grads) or re-entered (previously unemployed not seeking work) the job market . . . which according to her is a good sign. A more likely explanation is the grads couldn't get jobs (or into good schools) and the laid off are running out of unemployment benefits . . . I would call that not so good news.
Why don't you plop a Philip's curve on the masses?! Ask the people flocking from NYC, SF, Austin, and Atlanta if the effects of unemployment have been short term. The markets are indeed self correcting and they will be doing so for some time to come . . . but old people are still getting older and sicker, children still need schools to go to so they won't be educated, and Bush has nations to invade. All of these activities cost money. The Fed has made money quite abundant and the mild recession/muted recovery is more a function of easy cash (monetary policy, mortgage refi) than anything happening at 1600 PA Ave. Yet Bushies tout the tax cuts as salvation while never mentioning the mounds of red ink piling up on the Federal tab. Presidents rarely (essentially never) play a significant role in economic recoveries but bad fiscal policy can hurt for decades (ask CA).
Yes it is true that too much unemployment is a bad thing. But short term, isnt low(er) inflation better than a high unemployment? This high unemployment is completely due to the slowing of the economy in late 98. Decreased industrial output does lead to increased unemployment. I am more afraid of another round of stagflation like in the early 90's than the highest unemployment in 9 years.
BTW the Phillips Curve is simply the relationship between unemployment and inflation. There can either be a steep curve meaning that a small change in unemployment causes a large change in inflation or vice versa for a shallow curve. In addition to changing slope, the curve can also move higher and lower. Think of periods of high inflation AND high unemployment. I mentioned using the Phillips curve because this can help describe what the president should do with government spending and tax cuts.
What I disagree with you on is why tax cut is such a bad thing. It seems to me that instead of waiting for demand to catch back up, cutting taxes to increase demand is a good thing. In terms of the Phillips Curve, increased prices = increased inflation...wouldnt this combat the high unemplyment?? Also despite the reasons, the short term debt being accured by the government is simply proping up or even increasing GDP. With industry cutting back, wouldnt increased government spending combat falling GDP, in the short term at least? This is the worst time (recessionary times) IMHO for government fiscal responsibility. The one thing we can count on is increased government spending.
BTW the Phillips Curve is simply the relationship between unemployment and inflation. There can either be a steep curve meaning that a small change in unemployment causes a large change in inflation or vice versa for a shallow curve. In addition to changing slope, the curve can also move higher and lower. Think of periods of high inflation AND high unemployment. I mentioned using the Phillips curve because this can help describe what the president should do with government spending and tax cuts.
What I disagree with you on is why tax cut is such a bad thing. It seems to me that instead of waiting for demand to catch back up, cutting taxes to increase demand is a good thing. In terms of the Phillips Curve, increased prices = increased inflation...wouldnt this combat the high unemplyment?? Also despite the reasons, the short term debt being accured by the government is simply proping up or even increasing GDP. With industry cutting back, wouldnt increased government spending combat falling GDP, in the short term at least? This is the worst time (recessionary times) IMHO for government fiscal responsibility. The one thing we can count on is increased government spending.
Umm....9 years ago?, the almighty president Clinton was in office then. So its the lowest since President Clinton was in office. LOL
Yeah, i saw the stats, the first 3 years of Clintons first term had unemployment that averaged 7.5. I guess it is possible for a president to inherit a struggling economy.
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
The economy is self correcting... over time... and that is the criteria we must look at and it is what we react to with stimuli packages... tweak here and there to speed up the correction. If, however, you find yourself on the event horizon of a dis inflated economy (disinflation) you see many of the same events that are occurring today.. As you all know, unemployment is the key factor to adjust in such an environment. The question is, I think, would a 'demand side' stimuli vs a 'supply side' stimuli have a more positive result in the short term... I argue that 'Demand side' stimuli and a massive one is what is needed... I'm not a 'doom and gloomier' but do realize that the downward spiral of disinflation is like the 'China syndrome' .... stopping it is not very likely... but, it will correct... at some point in some manner... the trough is so deep in this sine wave that no one will be unaffected... if we don't pump more water ($) on this fire.. and screw the national debt... this event could double the debt all by itself (dis inflated economy) we will see more horror than we are able to deal with... I think.
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