Bankruptcy Is Good For The Economy

[itfitzme]

There are 2 million less jobs in today's work force than there were 3 years ago. America's workforce is 87 million. This is the lowest level since the 1980's and it is still shrinking. The only reason that the unemployment numbers are coming down is because there are less jobs available and people have given up looking for work..

Incorrect.

Employment has, at least, managed to keep up with population growth in the past year.

You are incorrect on nearly all counts.

My guess is that you are using seasonally adjusted numbers which are not actual people but a guess-timate of how may people would be if there were no seasons. You cannot use seasonally adjusted numbers in anything but the most general manner, to give a sense of the long term trend of the ratios.

Seasonally adjusted numbers are not real people so you cannot use them to say that the actual level is higher or lower.


These are the stats

Date...............4/1/2012.....4/1/2009.......Dif
CPOPNSA.........242784.......236832.......5952
CLFNSA............153905.......152957........948
EmpLevelNSA...141995.......136809.......5186
UnempNSA........11910........16147.......-4237
NILFNSA............88879........83876........5003

Given your dates, that is up for the labor force, up for employment level, down for unemployment level.

Never the less, while this demonstrates that you are incorrect, alone it doesn't mean much.

The singularly biggest reason that the labor force has not risen as quickly as we might assume is because newly graduating high school and college seniors are not entering it and there is a net flow from employment to retirement.

And the percentages are

Date.................2009-4 to 2012-4
CPOPNSA.............2.51%
CLFNSA...............0.62%
EmpLevelNSA......3.79%
UnempNSA........-26.24%
NILFNSA..............5.96%

Employment up by a larger percentage then population. Civilian labor force not up as much. Unemployment down by much. And the NILF up more then population is.

 

[Staidhup]

Ah ye olde "Creative Destruction" argument.

Moving our manufacturing, mining, technical and agriculture businesses overseas is bad for the economy.

True story.

Yep, but unions, excessive regulations and the worlds largest federal and state corporate tax rates didn't play a role or did it. Can you ever see that your agenda is flawed and escapes reason. You now have to taste the fruits of the seeds you planted, good luck with that.

 

[edthecynic]

None.
How many were created by free trade pacts?
Because actually for every job outsourced there were 3 created here.
Free trade creates jobs and brings prosperity. Trade restrictions reduce all that. This is so elementary anyone with a kindergarten education in econ would know it.

Bullshit.

Well, I did say anyone with at least a kindergarten education in econ. So I wouldn't expect you to understand that.
Outsourcing creates jobs in U.S., industry study finds - Mar. 30, 2004

That phony study is a complete fake with nothing but made up numbers because no database exists that provides a complete count of workers separated from payrolls because their company relocated their functions outside U.S. borders. Since no data exists, CON$ feel free to make up their own data.

I challenge you to link to the data base used by the phony study you linked to!!!

 

[edthecynic]

There are 2 million less jobs in today's work force than there were 3 years ago. America's workforce is 87 million. This is the lowest level since the 1980's and it is still shrinking. The only reason that the unemployment numbers are coming down is because there are less jobs available and people have given up looking for work..

You DittoNutzis should know better than to believe anything your MessiahRushie says!!!

In April 2009 there were 140,654,000 jobs and in April 2012 there are 141,865,000 jobs or an INCREASE of 1.211 MILLION jobs.

Only a America-hating CON$erviNutzi would say an increase of 1.211 million jobs is a loss of 2 million jobs.

 

[starcraftzzz]

Conversely, bail-outs are harmful to the economy. The federal bail-outs of the financial and automotive industries will only lead to less competition, higher prices, lower quality, more corruption and less innovative goods and services.

The reason the auto bailout was required was because the banking industry had done such a shitty job that it was impossible for the auto companies to go through a stable bankruptcy. So they could not go through a restructerment of anything of the sort.
Furthermore after the bailouts GM/Chrysler have seen record profits meaning, added thousands of jobs and 1.4million jobs were saved.
Also the bank bailout did not just bailout the banks; they bailed out thousands of business/new starting business who were profitable but need finance via loans/initial startup capital.
If the government bailout every business every year then your position would be accurate.

 

[EdwardBaiamonte]

You DittoNutzis should know better than to believe anything your MessiahRushie says!!!

actually Rush and Krugman agree that this is really a depression!! Sorry!!

Do you really think you can pretend a depression is a recovery so BO can get reelected??