No Recession in the White House

Discussion in 'Economy' started by rayboyusmc, Apr 30, 2008.

  1. rayboyusmc
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    rayboyusmc Senior Member

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  2. jillian
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    jillian Princess Supporting Member

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    You need to post links and not just say NY Times.

    Thanks. Please fix that so I don't have to delete.
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    Have you been out on a friday night lately??

    i see people spending on drinks and food like they always have

    seriously wouldn't you stop going out for 10 dollar margaritas before you pawned grandma's heirloom diamond??
     
  4. Alpha1
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    Alpha1 NAVY

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    No Recession in the White House?

    No recession anywhere according to the economists...
     
  5. Annie
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    Annie Diamond Member

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    Looks like an AP article:

    http://ap.google.com/article/ALeqM5jmVfjiFvKMMmnD72pAgqzkLBW4CwD90BO5EO0


     
  6. Angel Heart
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    Angel Heart Conservative Hippie

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    Love how they leave out the whys of the job losses. Maybe her mom lost her job because of attendance or something.

    Honestly the only ones I know are in hard times would be even in a boom economy. One was left by her husband (for another woman) and has been struggling to homeschool her children while doing child care for other people. She would hurt no matter what. Another has never held down a job for more than a few weeks when they decide they can't do it.

    There are still tons of help wanted signs around here. The only ones with out jobs are the ones not looking.
     
  7. Zoomie1980
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    Zoomie1980 Senior Member

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    At 5% that's about right. 4-4.5% is generally considered full employment. When unemployment approaches 4.5% we are generally considered to be in a significant labor shortage and at 4% in a full blown labor crisis.

    So in the "height of the recession" we are still very near FULL employment. Of course the liberals and critics will always tout "underemployment". Problem is, when you have developed no marketable skills all you deserve is stocking shelves at Walmart....
     
  8. cbi0090
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    cbi0090 Member

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    If we're in a recession with 5% unemployment where is France? Their unemployment is normally double digit. For that matter, take a look at nearly all of the European countries. U.S. unemployment has historically always been better than just about anywhere. The difference is in benefits. Health care, specifically. It's a issue that seriously needs repair here.
     
  9. Annie
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    Annie Diamond Member

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    Actually that has been the difference for many a year. Americans KNOW they must work, regardless of the job, to survive. In Europe it's become the norm that if you aren't working, for whatever reason, there is a 'safety net', permanent, to keep you at a reasonable level. Today, it's not much better than the lowest in the US, but it's not stopping their problem

    In the US it's still the norm to want to do better than exist, while even the lowest exist beyond 'existence.'
     
  10. Zoomie1980
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    Zoomie1980 Senior Member

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    Which is why we will ALWAYS be a more productive country and society than the combined collection of continental Europe (excluding the liberated former Iron Curtain countries who have adopted largely unregulated, supply-side capitalistic models).
     
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