Will our economy ever recover?

[IamDavid]

Originally posted by: SammySon
The American empire is drawing to a close.

Thats the funniest thing I've heard all night.. Thanks.


Its gonna get better, its already getting better. My 401K is looking much better then 1.5 years ago.. People just get way to excited..

 

[FoBoT]

Originally posted by: HeroOfPellinor
The jobless rate is high

i disagree

Employment Situation Summary from the DOL

The number of unemployed persons increased to 8.8 million in April, and
the unemployment rate rose from 5.8 to 6.0 percent. The unemployment rate
has ranged from 5.6 to 6.0 percent since November 2001.

how does this compare historically? and compare to other countries?

check this chart out, tracks the % monthly since 1970

1994 was higher, 1993 was higher, 1992 was higher , 1991 was higher, 1987 was higher, 1986 was higher, 1985 was higher , 1984 was higher, 1983 was higher, 1982 was higher, 1981 was higher, 1980 was higher, 1978 was higher, 1977 was higher, 1976 was higher, 1975 was higher

you want to see what is happening in Europe? check this chart, European unemployment has been higher than the US for over 15 years, it is well over 10% now

so your statement "The jobless rate is high " can only mean you are focusing only on the recent economic boom the US experienced. things could be a LOT worse :sun:

 

[Harvey]

Originally posted by: Quixfire
We did in 2000, don't you remember?

Yeah, but that change didn't do squat to help the economy. When it comes to domestic priorities, Bush-lite is a couple of frejoles short of a combination plate. :disgust:

 

[theNEOone]

Originally posted by: theNEOone
a mistake a lot of people make is that they think that the economy actually needs to recover to that state is was in the 90s. they don't realize that the period was actually an economic boom. it was such a long boom that people thought that the 2-3% economic increase of year's past was gone, and in it's place was the new 5-10% increase. we're not going into recession. we're just going back to the normal 2-3% increase that's been typical over the majority of our country's history.

edited and bold for emphasis.

FoBoT had some good links/info there.

 

[Vic]

Of course it will recover. This is mild, young'un. And far more preferable that the high-unemployment, high-inflation, high-interest rates recession of the late '70/early '80s.
You still got food on the table, right? Roof over your head? It's been worse, yaknow...

 

Like it was in the 70's eh?

You honestly think there can be any type of major change in such a small time period?
I'm sad that you forgo 5000years of human history just because of, at most, ~100 years of modern liberalism.

All of you must have failed history or something.

Your scope is so limited that you will be doomed to repeat history.

 

[Freejack2]

Tech jobs are going overseas too. 80% of Windows XP's code was written in India. Why pay a US programmer 50k a year when a programmer in India will do just as good a job for $10k a year?
Without controls the only jobs that will not leave this country are those jobs that require a physical presence to care for or service a product that can't be transported to/from another country. You can't ship your pipes to a plumber in India, but you can have a programmer in India write your program.