US Unemployement Double Digits

[Growing_Boy]

[quote]MaddyD wrote:
I have not read the thread I will right after this.
I just wanted to say something.

I was recently laid off because of lack of work,I went to unemployment and they said the most I can get is 260 a week. basically min wage.
so I went from 38 dollars an hour to min wage,however I was turned down they sent me a bill instead.which I can get unemployment when i bring my account current,which makes no sense at all to me I mean its like me asking someone to borrow 20 dollars cause im broke an dthey in turn say “no but can you give me 100” then youll get your 20

so I really think there are alot more poeple out of work than whats reported.
some wont even apply for unemployment and others are like me.

I think this is worse than we think it is,or being told it is anyways

also a family member has a neighbor that was foreclosed on.
when they left they stripped the copper out of the house and left
this homes sale price is now 9 thousand dollars
in an area where average home prices 2 years ago was 150 thousand.
this homes sat empty since end of feburary
[/quote]

Maddy is right, the shit is going much deeper than its being reported. I don’t think not even the Messiah knows this, among other things. Some are saying that the housing market has levelled finally here in California. That signs of the recession coming to a close are present, but yet I see many old timers saying, “This is why we left the homeland.” I see crews working the “one” gig with doubts on what to do tomorrow. I’ve witnessed entire large scale development operations levelled to the ground. I’ve seen powerful men, torn to pieces by the stress of possibly not being able to feed their families. While the bulls rally and fuck us in the ass by blowing up oil again. Making the lives of the commoner that much more strenuous. The union, the empire, the world power is no more. The land of opportunity no longer exists.

[hedo]

The bond market is beginning to tank which will drive up interest rates. This will limit, if not outright stop a recovery.

The “investors” are demanding a higher return for their money to a borrower who had demonstrated lack of financial responsibility and then compounded the problem by electing a weak leader who is 4 times more irresponsible. Party Commissar Geithner was laughed at when he was in China. Not a good sign from your banker.

Hiring an employee is a bet on the future of your company. You bet he will generate enough business to pay for himself and generate a profit for you. A lot of up front costs are involved with hiring someone. As an employer I don’t have an overwhelming sense that things are getting better and I’m not willing to add people. I always erred on the side of growth before and made that bet. Not today and not in this environment. I think things will get worse. I don’t know anyone in my position who thinks differently.

I look at Obama and see Carter…in 77…all over again. The difference is Carter stayed out of a lot of things because he was clueless about them. Obama is equally clueless but his ego drives him to change things that are better left alone.

[thunderbolt23]

[quote]Gambit_Lost wrote:

It’s like arguing with a child. [/quote]

Thanks for empathizing with me.

Depth and breadth. It’s deeper but may be shorter. You didn’t honestly misunderstand this, did you?

Uh no, this is precisely what I am waiting for an explanation for. You think Obama’s Recover Act has mitigated the recession - well, why is that? Why do you think it will otherwise be “shorter” in duration when the Recovery Act didn’t prevent the “deeper”?

I honestly couldn’t care less if you “agree” with the IMF or Brookings, or the OECD (or whoever else I cited). If you recall you, apparently, didn’t realize people were arguing about this… Sorry to break you out of your strange right-wing world.

This is meaningless, throwaway stuff - where did I sat there was no one “arguing about this”?

And as for my “right-wing world”, somebody tell Paul Krugman he is part of my “right-wing world”. Hilarious. Whatever keeps the fantasy going for you.

I’m glad you’ve finally come around. But what is this? Is this some sort of “internet argument” technique? Pretend like you didn’t really say what you did? You started that above quote with "Fact is, we don’t have good signs that the recession is letting up Well guess what? The “fact is” we do have those signs. …Remember that debate I asked you to wake up to? It seems you finally have. This would be where a “oops” would make you sound a lot less silly.

Your sources suggest that the recession may be letting up based on signs of slowing unemployment, some strength in retails sales, and stock market performance.

I believe that such mitigating factors might get overwhelmed by such aggravting factors as:

1. Upward interest rate pressures
2. Oil price inflation
3. Tax increases
4. High unemployment rates, thus leading to a jobless recovery

As such, the “good signs” I think are outweighed by the “bad signs”, and as such again, we don’t have good signs that the recession is letting up - not when you consider the looming fiscal problems that the economy has to “price in” even as it works off excesses.

I have contended this from the outset, but instead of providing substantive counterargument, you attempt to engage in a “gotcha” because you had a source that noted some positive news. It’s nonsense and smokescreen - I don’t believe we have good signs of the recession improving, even with the news you provided baked into my opinion.

You didn’t actually read those sources, did you? Or is it that you really don’t understand the basics to this debate? I thought you were supposed to be “the educated” right-winger around here.

I have no idea what I am supposed to be “around here”, but we can rest assured you aren’t the educated “anything” on this issue.

[quote]Fair enough, probably only this once, but here’s the basics laid out nice and easy for you from the council on foreign relations (the folks who make “Foreign Affairs” magazine). It’ll even tell you how to argue “your side” better…then maybe we can start speaking as adults, “Einstein”
http://www.cfr.org/publication/18348[/quote]

Fantastic - you provide me with a CFR link that gives me a summary of how a stimulus is supposed to work, and a number of competing opinions on whether or not it will work…as in, nothing I didn’t know before I waded into this thread.

What it didn’t do is explain why the Obama’s Recovery Act is helping “shorten” the recession - not as it aspired to do, but as it is actually happening (or not happening) right now.

I think I have figured it out - you don’t have an answer. You don’t any sense of any details that support your contention, so you cover by blowing smoke and linking to sources that don’t provide anything particularly helpful.

Next time, save me the trouble and say “I hope the Recovery Act is helping, but I frankly have no idea if it is or isn’t”.

My god, for the 100th time, I did not say that. I’m starting to honestly wonder if you’re purposefully creating that strawman or simply aren’t understanding this argument…

Wait - so you didn’t say the Recovery Act was succeeding…but you just said that it was helping “shorten” the recession (see above)?

Heh.