California jobless rate swells to 12.6 percent

Discussion in 'Economy' started by Xenophon, Apr 17, 2010.

  1. Xenophon
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    Xenophon Gone and forgotten

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  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    I live in Lake County, CA.. the day Obama got elected the unemployment rate was 7.2%..

    In January, 2010 it was 19.8%...

    Yup.. a HELL.... of a job...
     
  3. Xenophon
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    Xenophon Gone and forgotten

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    But your taxes are the lowest ever!
     
  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    :lol:.... Now that's funny..... Funnier yet.. they wont be going any higher...

    Who could possibly believe they could go higher...??:cuckoo:
     
  5. LibocalypseNow
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    LibocalypseNow Senior Member

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    Socialism/Progressivism doesn't work. California is sadly a perfect example of this. A failed Third World State at this point. It's very sad.
     
  6. Wry Catcher
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    Wry Catcher Platinum Member

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    Q1 reports are out, and they're good!

    And now is the time for all 'good' fringers to come to the aid of their ideology.
    Soon the refrain will be, "but, but, but where are the jobs? "(the last two US Recessions ended well before hiring began)
    Facts suck, don't they fringers?
    "But, but, but what about the deficit?" Well Fringers, Bush II (yes, Booooooooooooosh) and the Republican controlled Congress spent your tax dollars - off budget. And now, President Obama is spending - on budget - for all to see.
    Facts suck, don't they Fringers?
    Your tax dollars spent wisely, to brink us back from the brink of a great depression, vis a vis, your tax dollars and loans from China spent on a war of choice in Iraq.
    Facts suck, don't they Fringers?
    "The Pig Book" is out, and ... WHAT?? Yes Fringers a Democratic controlled Congress has reduced the pork! (Of course the honorable Senator from Mississippi didn't help)
    Now the party of "NO!" will cater to the hue and cry for fiscal responsibility, and the Fringe will again fall for the R's usual hate and fear tactics and lies that only the R Party is fiscally responsible.
    Take your pick, Tax and spend on We the People; or Don't tax, borrow and spend on pork for the special interests (Haliburton and no bid contracts).
    Facts suck, don't they Fringers?
     
  7. Thinman
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    Thinman Active Member

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    Very soon we will all be working for the state of California. It's going to be great!! Those evil corporations will be out and all the profit will go to the government which will make sure that we all get our share. They will, of course, make sure we have schools and roads, police and firefighters.

    Isn't it wonderful!!
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.

    That's why 15M people are UNEMPLOYED.

    Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.

    Romer: ‘It’s Aggregate Demand, Stupid’ - Real Time Economics - WSJ


    The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.
     
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  9. Thinman
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    Thinman Active Member

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    Business knows what to do in tough times. It's too bad that government doesn't.
     
  10. Wry Catcher
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    Wry Catcher Platinum Member

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    Of Course. And if there are more tax cuts everything will be wonderful! Each and every American will have have more money to spend freely and that will stimulate the economy - and all of this expansion will trickle down to you and me.
    Worked for GWB and Sir Ronnie, ah, sort of...consider this:

    Even as the economy shrank last year the divide between the richest and poorest of our citizens kept growing. In 1978 CEO's at the largest U.S. Companies earned 35 times as much as the average worker. Today that figure is more than 300:1 (source, Harvard Business Review).
    Or this: "From 1979 to 2009, after adjusting for inflation, the highest earners in the U.S. saw dramatic growth in their earnings while the lowest earners make less than they did 30 years ago" (Source, Cornell U, Prof. Kevin Hallack.
    And this: A gap between society's rich and poor can have ugly consequences, "Countries with greater income inequality have higher rates of teen pregnancy, infant mortality, obesity, mental illness, drug use, imprisonment, and homicide than countries where wealth is more evenly distributed (source, Epidemiologists Richard Wilkinson and Kate Pckett).

    Now, consider this boedicca, much of the economic theory you believe is emotion based; your many posts simply parrot the propaganda of those who want your money (think big banks, insurance companies and the like). They (the evil corporations) don't really like you, or care anything about you but for the fact that you're any easy mark.
    You are now free to call me a name. Have a nice day.
     

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