Happy Days Are Not Here Again

Discussion in 'Current Events' started by Stephanie, Oct 6, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    don't tell the Dear Leader

    SNIP:


    You don't need a conspiracy to know the job market is still lousy..

    .

    The jobless rate fell in September to 7.8% from 8.1%, though the economy created only 114,000 new jobs, and some of our conservative friends smell a bureaucratic rat so close to Election Day. We doubt the Labor gnomes are manipulating the numbers, and in any case chasing conspiracies detracts from the real news, which is that the job market still stinks.

    Democrats are celebrating the decline in the jobless rate, which only shows how their standards have changed since President Obama entered the White House. In 2004, they were lambasting George W. Bush for a September jobless rate that was 5.4%. Only last month they were begging the Federal Reserve to print more money indefinitely because the job market was so weak. Now they say happy days are almost here again.

    The reality is that more than three years into this weakest of economic recoveries, 12.1 million Americans are still out of work—nearly 23 million by the broader definition that includes those who have stopped looking or can't find full time work—and the labor participation rate is still down to 1981 levels at 63.6%. Hooray!

    Of the 114,000 new jobs, 104,000 were in the private economy, and all of the 86,000 in upward revisions for July and August came in government jobs. Job growth for 2012 has averaged 146,000 a month, which is down from 153,000 in 2011.

    Manufacturing employment fell again (down 38,000 in the last two months) further dampening one of the few bright spots in this recovery. A still abysmal 40.1% of the unemployed in America have been jobless for six months or more. Such a job market is anemic by any historic measure for this stage in an expansion and reflects continuing slow GDP growth in the 1%-2% range.

    The number that has our friends suspicious is the giant 873,000 leap in employment as measured by the "household survey." That's the biggest one-month increase in nearly 30 years, which certainly does deserve an explanation.

    all of it here
    Review & Outlook: Happy Days Are Not Here Again - WSJ.com
     
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  2. Old Rocks
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    Old Rocks Diamond Member

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    Hell, they could be really happy days like the last time we had the GOP running things. 750,000 people a month losing jobs. Now that is a real bragging record for the GOP. But, you know, not to really care about them, they are the 47%.
     
  3. Meister
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    Meister Platinum Member Supporting Member

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    With the help of a democrat Congress and Senate. You forgot to mention that important piece to the problem, Rox. :eusa_whistle:
     
  4. Freemason9
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    Freemason9 Gold Member

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    I've never understood how it is that some people believe Willard Romney offers solutions. What Romney proposal will (a) increase employment and (b) increase median wages for workers?

    Because the actual economic problem is INCOME. Nothing else. And a right wing America will continue to reduce worker wages, because aristocrats see wages as a necessary nuissance. Capitalist theory describes labor as a mere economic commodity.
     
  5. Katzndogz
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    Katzndogz Diamond Member

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    For one thing, Romney's policies of less regulation and lower taxes will restore some kind of confidence among business people so that they can hire more people. The more jobs that are available, the more competition for workers and the higher the wages will get. Labor is nothing more than an economic commodity. That's all it ever was. That means it is subject to the same laws of supply and demand as any other commodity.
     
    Last edited: Oct 9, 2012
  6. blastoff
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    blastoff Undocumented Reg. User

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    Countdown to Happy Days starts on November 6 and officially begins on January 20 as Barry boards that Air Force 747 for the short flight back to Chicago.
     
  7. Freemason9
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    Freemason9 Gold Member

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    Really? "Less regulation" will mean higher incomes for workers? I seriously doubt that. What specific eliminations of regulations will stabilize the economy and increase hiring? (Other than eliminating the minimum wage, I mean.)

    Won't lower taxes increase the budget deficit?

    So, you agree with the capitalism tenet that people are merely labor commodities--and, therefore, slavelike in their functions?

    I'd like to see some supportable shit from right wingers sometime instead of trancelike repetition of rhetoric.
     
  8. uscitizen
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    uscitizen Senior Member

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    Hire more people and people cannot afford their products/services?
     
  9. Freemason9
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    Freemason9 Gold Member

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    Yeah, a nation of $7.00 per hour laborers with no health care will really be a "shot in the arm" for the economy.

    >>SRCSM<<
     
  10. Mr Clean
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    Mr Clean Gold Member

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    "Prosperity Through Lower Wages!"
     

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