For the fools who thought we were in RECOVERY.

Discussion in 'Economy' started by Neubarth, May 20, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    I could point to the ever increasing number of people who were being dropped from the work force. Of course, the people who were saying, "What a mighty fine Recovery Obama has given us!" were saying that the massive disappearance of workers was because they were lazy louts who were never looking for work in the first place. I've seen their lying posts on this forum, so I know what lies they are using to try to make Obama look good. Shame on them.

    Well, if the economy was actually in recovery, revenue to the Federal Government in the form of withholding would be improving. Unfortunately, with 30 million out of real jobs, their tax withholding is not there to support Obama's Socialist State.

    The Federal budget deficit has hit an April record

    The April deficit soared to $82.7 billion. Total revenues for April were down 7.9 percent from a year ago. In the seven months of this fiscal year individual income tax revenue has fallen 11.6% to $500.8 billion.

    Boy, are we in trouble.

    Federal budget deficit hits record in April New York News Today
     
  2. Skull Pilot
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    Skull Pilot Platinum Member

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    Waiting for the double dip.
     
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    Note that the 11.6% fall in revenue to the IRS from individuals is after a damn good fall in the same time period a year ago. Add them together and it points towards the real unemployment rate in the US after two years of falling.

    Note, I am not saying that the unemployment rate is 21, 22 or 23 %. It appears to be a lot more than that. As I have been pointing out over the past two years, ours is a Service Sector Economy. Most service sector jobs are lower paying, so for IRS revenue to have fallen 21% + in the past two years, the job loss rate for the lower Service Sector employees has to be far higher than 22%.

    You can now see what a tremendous catastrophe this Depression has been for the working poor.
     
    Last edited: May 20, 2010
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Spending lots more money, going into massive debt, and threatening everyone with tax increases is working out real well....if you are Cloward or Piven.
     
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  5. The Rabbi
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    The Rabbi Diamond Member

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    Are those species of birds that walk around with their bills up their asses?

    This is the weakest recovery on record and is about to evaporate. Give Obama all the credit here. It was predicted when he floated his "stimulus" bill that it would do nothing positive. Japan spent over 10 years with zero interest rates and massive stimulus programs and has achieved nothing.
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    We really need to put people back to work.
     
  7. Vast LWC
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    Vast LWC <-Mohammed

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  8. Vast LWC
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    Vast LWC <-Mohammed

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    We are.

    Employment Increased in 38 U.S. States in April (Update2) - BusinessWeek
     
  9. pinqy
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    pinqy Gold Member

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    Except that the Labor Force has increased every month since December and Not in the Labor Force has decreased. So no, you can't point out the "ever increasing number." Oh, and that's not just the level, but the Participation Rate (percentage of the population in the Labor Force) as well.



    Show me one person who's said that. It is true that people who aren't looking for work aren't counted as unemployed. That's not a value judgement or calling anyone lazy, there are many many reasons why someone isn't looking for work. But since they're not participating in the labor market you can't rationally consider them part of the labor force.
     
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    Pinko, again you do not have a clue what you are talking about. You are horribly uneducated on this subject and your gross ignorance and blatant dishonesty only irritate. I have been covering the lies of the US government on the employment picture most of my adult life. You do not have a single clue about what is going on. The Federal numbers on the workforce are off by MILLIONS. Each successive administration has fudged and fudged and fudged the numbers. The so called survey is either non existent or totally corrupt to produce what each administration wants.

    The actual number of unemployed is over 30 million. I have never run across one person who has ever been surveyed. Most of us who would celebrate if this corrupt government was replaced are convinced that there is no survey. One; because the numbers are so totally outlandish and Two; because nobody has ever seen this survey.

    It is well established that you worship the government lies. I don't because they are so damned stupid. I told you a year ago that we would never agree, but you in your gross stupidity want to pretend that your religion has to be accepted by everybody else on this board. I do not accept your religion. It worships a false god that needs to be killed. So, just like I tell the Magic Kingdom Club Members when they come knocking at my door with their Awake magazines, please go next door that man is about ready to seek your assistance. As for me and my house, we are all happy that we are going to be destroyed by your God, Jehovah. We don't want to try to change things. We just hope you are wrong.
     

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