Another New Deal WPA Needed

[LogikAndReazon]

Tax subsidized civil servants for infrastructure, social work and more !!!

it takes a communal village...............lol

 

[Luddly Neddite]

Shaft by telling your REPUBLICAN rep to stop holding up the THREE MILLION JOBS highway bill.

If you remember, the only way they would pass it was with the idiotic anti-woman Blunt Amendment. The Ds stopped them so now, the new game is that they won't pass it Unless they get their "death panel".

They're lying, as usual ... When Blunt's amendment was attached, thebsaid we had the money. Without it, suddenly, they say there's not enough money.

Three million jobs and the pubs are playing politics.

 

[Luddly Neddite]

Looks like the rw's don't want to admit the Rs are screwing us out of three million jobs.

What have the pubs done to produce jobs?

Not a damn thing except filibuster against jobs bills.

 

[Avorysuds]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

 

[LordBrownTrout]

Shaft by telling your REPUBLICAN rep to stop holding up the THREE MILLION JOBS highway bill.

If you remember, the only way they would pass it was with the idiotic anti-woman Blunt Amendment. The Ds stopped them so now, the new game is that they won't pass it Unless they get their "death panel".

They're lying, as usual ... When Blunt's amendment was attached, thebsaid we had the money. Without it, suddenly, they say there's not enough money.

Three million jobs and the pubs are playing politics.

O lied about the stimulus, shovel ready jobs. It's time to move on.

 

[LogikAndReazon]

Not to mention hiring an army of unemployed leftwing writers, hacks, acivists, artists and socialists to document, fantasize, inflate, propagandize and swoon over its collective "triumphs".....................

 

[starcraftzzz]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

THe period from 1934-1944 saw the higher economic growth ever. 1934-1937 saw economic growth grow ten percent a year.
Soperhaops take your own advice because clearly you know nothing

 

[Avorysuds]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

THe period from 1934-1944 saw the higher economic growth ever. 1934-1937 saw economic growth grow ten percent a year.
Soperhaops take your own advice because clearly you know nothing

And yet people starved in the streets.

FDR was lucky to send 14% of the poor UE population to war, lol.

 

[Avorysuds]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

THe period from 1934-1944 saw the higher economic growth ever. 1934-1937 saw economic growth grow ten percent a year.
Soperhaops take your own advice because clearly you know nothing

And yet people starved in the streets.

FDR was lucky to send 14% of theAmerican population to war, wonder if it was the UE and poor by any chance, lol.

 

[waltky]

Granny say we on dat slippery slope into dat double-dip recession...

Weak US job figures for May hit markets
1 June 2012 - Stock markets have fallen following worse-than-expected US job figures.

The Dow Jones closed down 275 points, or 2.2%, while in Frankfurt the Dax was down 3.4%, in Paris the Cac 40 fell 2.2% and London's FTSE 100 lost 1.1%. The US economy added 69,000 jobs in May, well below forecasts. It was the smallest number created since May 2011. Earlier, EU figures showed the eurozone jobless rate at 11% in April, unchanged from March, but still the highest since records began in 1995. The drop in the Dow was the biggest one-day fall in seven months, taking the index to its lowest level since 21 December last year. Responding to the job figures, US President Barack Obama said there was "a lot of work to do to get to where we want to be... but we will come back stronger".

While pointing out that the manufacturing sector had been "consistently adding jobs for the first time since the 1990s", he called on Congress to pass more measures included in his jobs bill that would help put people back to work. "There is no excuse when so many people are looking for work. Now is not the time to play politics, not the time to sit on your hands," he said. He highlighted measures to prevent more layoffs, proposed legislation to put construction workers back in work, tax breaks for small companies to help them hire more staff and measures to help homeowners refinance their mortgages.

'Awful number'

The US jobless rate rose to 8.2% from 8.1% in April, the Labor Department said. To make matters worse, the number of jobs added in March and April was revised down by 49,000. There are five million fewer jobs in the US than there were when the recession began. Republican presidential candidate Mitt Romney said: "Today's weak jobs report is devastating news for American workers and American families." He described the report as, "a harsh indictment of the president's handling of the economy". Employment increased in the categories of healthcare, transport and storage, and wholesale trade, but declined in construction.

The number of people who had been unemployed for more than 27 weeks, who are classified as long-term unemployed, rose to 5.4 million in May from 5.1 million in April. They account for 42.8% of the unemployed. "It's an awful number," said Rick Meckler, president of Libertyview Capital Management in New Jersey. "Not only is it awful in its numerical terms, it comes at a very skittish time in the markets because of the European crisis. A number like this brings concern about a global slowdown." The participation rate, which shows the number of people employed as a proportion of the workforce, rose to 63.8% from 63.6%, reversing the decline seen in April.

Global problems

 

[waltky]

Get ready for the next round of disappointing economic figures...

Jobs Report Woes to Linger in Coming Week
6/02/12 --- It's going to take more than a weekend for Wall Street to shake off the impact of May's poor jobs report.

The major U.S. equity indices were demolished on Friday after the Bureau of Labor Statistics said nonfarm payrolls rose by 69,000, less than half of expectations. Coming against the backdrop of Europe's financial woes, stocks sold off indiscriminately with the Dow Jones Industrial Average going negative for the year, and the S&P 500 breaking below 1280 for the first time since mid-January. As of Friday's close at 1278, the index is now 10.1% below its intraday 2012 high of 1422 on April 2, dipping a toe into correction territory.

Fear ruled the day as the yield on the 10-year Treasury bond slipped below 1.5% for the first time ever and gold vaulted back above $1600 an ounce. Doug Cote, chief market strategist at ING Investment Management, expects the jobs report to be a cloud over the market until weekly initial jobless claims come out on Thursday. "If that [initial claims] all of a sudden looks good, then we'll get over it," he said. "The payroll report was a catalyst to bring this market down because there's a lot of fear out there, but the underlying uncertainty lies with Europe."

That's not to discount how poor the employment data were on Friday. It wasn't just May either. Both April and March saw downward revisions in payroll additions to 77,000 from 115,000 and to 143,000 from 154,000, respectively. Cote noted there was a "preponderance of weak U.S. economic data" this week including the ADP jobs report, personal income, second-quarter GDP and consumer confidence and noted that "on top of what's going on in Europe, taken together, [the jobs data Friday] came in at a bad time."

When the closing bell sounded, 2012's stellar start was history. The Dow is now down 0.8% year-to-date. The S&P 500 is holding with a 1.6% gain, while the Nasdaq Composite still has some cushion, up 5.5% on the year. One possible silver lining from the poor jobs report is that it could prompt the Federal Reserve to embark on another round of quantitative easing.

Source

See also:

766,000 More Women Unemployed Today Than When Obama Took Office
June 1, 2012 - The number of American women who are unemployed was 766,000 individuals greater in May 2012 than in January 2009, when President Barack Obama took office, according to data released today by the Bureau of Labor Statistics.

In January 2009, there were approximately 5,005,000 unemployed women in the United States, according to BLS. In May 2012, there were 5,771,000. The BLS derives its employment statistics from an overall number it calls the civilian non-institutional population. This includes all Americans 16 or over who are not on active duty in the military and who are not in an institution such as a prison, mental hospital or nursing home. From this civilian non-institutional population, BLS determines a subset it calls the civilian labor force, which includes all members of the civilian non-institutional population who are either employed or have made specific efforts to find work in the past four weeks. People who are not employed and who have not sought work in the past four weeks are considered by the BLS to have dropped out of the labor force.

Unemployed people are those who are in the labor force but do not have a job—despite having looked for one in the past four weeks. The unemployment rate is the percentage of the overall civilian labor force that does not have a job—that is, who have sought a job in the past four weeks and not found one. In January 2009, according to BLS, the unemployment rate for American women was 7.0 percent. In May 2012, it was 7.9 percent. When Obama took office in January 2009, the female civilian non-institutional population was 121,166,000. In May 2012, it hit 125,788,000—an increase of 4,622,000 since January 2012.

However, at the same time the female civilian non-institutional population was increasing, the percentage participating in the labor force was declining—following a long-term trend. In January 2009, 59.4 percent of women participated in the labor force, while in May 2012 it was 57.8. May’s 57.8 percent female participation rate in the labor force was up from April’s rate of 57.6 percent—but that level (57.6 percent) was the lowest it had been since March 1993.Female participation in the labor force peaked at 60.3 percent in April 2000. The last time it was above 60 percent was March 2001, when it hit 60.2 percent.

Despite the increase in the female non-institutional population over the past three years, the actual number of women employed in the United States in May 2012 was about 83,000 lower than it was in January 2009. In January 2009, there were 66,969,000 women employed in the United States and in May 2012 there were 66,886,000. The number of women employed in the United States peaked at 68,102,000 in April 2008, according to BLS. The number of women employed in the United States today is 1,216,000 less than that. BLS posts historical data on female employment going back to 1948. Since then, the female unemployment rate hit its lowest level—2.7 percent—in May 1953. At that time, however, only 34.0 percent of non-institutionalized American civilian women 16 or older participated in the labor force.

Source

 

[blackhawk]

The problem with the WPA was it created work but did not create a environment for long term job growth the thing that pulled us out of that depression was WW2 many men went to war and factories had to produce materials to fight in both Europe and the pacific massive numbers of workers were needed for that suffice it to say unemployment dropped.

 

[Peach]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

FDR did not extend the Great Depression, and the defense industry welfare must END. We have spent enough on two wars, one of choice.

 

[The Rabbi]

Yes please... extend the depression like FDR and Hoover did.

Read some history and try and not look at the R or D, just the policies and the times.

FDR did not extend the Great Depression, and the defense industry welfare must END. We have spent enough on two wars, one of choice.

Merely saying it doesn't make it true.
FDR's programs sucked. They spent the country into oblivion and unemployment was still enormous. He was the most anti-business president until that point. He had near zero interest rates but in what should have been the highest growth the economy languished for years, precisely because of his policies.
Now Obama wants to repeat that disaster. And he's making good progress in that dept. Fortunately his term will be over soon and we can get back to work.

 

[percysunshine]

"Stupid is as Stupid does."

What a great Gumpism.

 

[daveman]

I don't want a bunch of untrained, inexperienced people working on infrastructure.