Poor economy, Poor America

[Miller2534]

We had heard many stories of late about how the U.S. economy is bouncing back. I do not know if these stories/statistics are accurate or if they are politically motivated. Here is what I do know, millions of Americans are out of work and struggle every day to take care of themselves and their families. There are more American families today living in poverty than ever before. I have literally read thousands of post complaining about the economy and the lack of gainful employment in the US. Its time to stop complaining and start doing something to help. What has always made this nation the greatest on earth is its people. We can make a difference, join us and help make a real difference. Please go to youramericandreams.org to find out more.

 

[editec]

What idoit web designed decided they'd barrage us with music the moment we got on your site?

Also this site panders for funds but does NOT explain the way those funds will be distributed other than to say they will be distributed.

That doesn't exactly inspire confidence that this organization is on the level.

 

[EdwardBaiamonte]

I have literally read thousands of post complaining about the economy and the lack of gainful employment in the US.

1) Make unions illegal ( 10 million new jobs) Democrats oppose

2) make minimum wage illegal ( 5 million new jobs) Democrats oppose

3) end business taxation; especially tax incentives to off-shore jobs ( 5 million new jobs) Democrats oppose

4) make inflation illegal ( 2 million new jobs) Democrats oppose


5) make Federal debt illegal( 2 million new jobs) Democrats oppose

6) send illegal workers home(8 million new jobs) Democrats oppose

7) Pass Balanced Budget Amendment to Constitution( 3 million new jobs) Democrats oppose

8) cut pay of government workers in half( 4 million new jobs) Democrats oppose

9) Make health insurance competition legal( 6 million new jobs) Democrats oppose

10) end needless business regulations ( 2 million new jobs) Democrats oppose

11) restrict Federal spending to 15% of GNP( 2 million new jobs) Democrats oppose

12) support unlimited free trade( 2 million new jobs) Democrats oppose

13) reduced unemployment compensation, welfare, food stamps, medicaid.( 2 million new jobs) Democrats oppose

14) privatize education, social security ( 4 million new jobs) Democrats oppose

15) end payroll taxes ( 1 million new jobs) Democrats oppose

Since Democrats always oppose wisdom and common sense the only serious option is to make them illegal as the Constitution intended.

 

[starcraftzzz]

I have literally read thousands of post complaining about the economy and the lack of gainful employment in the US.

I am a dumbass who has no clue about anything so I'm going to copy and post some bullshit because I cant think for myself
d.

There that pretty much sums up your post

 

[EdwardBaiamonte]

There that pretty much sums up your post

if there is even one specific point with which you disagree why be so afraid to state it and the nature of your disagreement. Do you fool yourself by resorting to general insults when you have no substance

 

[starcraftzzz]

There that pretty much sums up your post

if there is even one specific point with which you disagree why be so afraid to state it and the nature of your disagreement. Do you fool yourself by resorting to general insults when you have no substance

You're whole psot was bullshit, it would be like some one stating that the earth is flat and that the sun revolves around the earth

 

[EdwardBaiamonte]

There that pretty much sums up your post

if there is even one specific point with which you disagree why be so afraid to state it and the nature of your disagreement. Do you fool yourself by resorting to general insults when you have no substance

You're whole psot was bullshit, it would be like some one stating that the earth is flat and that the sun revolves around the earth

translation: As a liberal I'm afraid to even try to confute one single thing a conservative says.

 

[waltky]

Granny says dem rich company owners need to quit outsourcin' jobs...

US adds 120,000 jobs in March, lower than predicted
6 April 2012 - Obama 'more to be done' on US jobs

The US economy added 120,000 jobs during March, lower than estimates suggested, while the unemployment rate fell slightly to 8.2%. Analysts had predicted a fourth straight month with job growth of more than 200,000. President Barack Obama's electoral prospects are widely seen as linked to the economy and the jobs market. Employment has been rising for the past six months, but the jobless rate has been stuck above 8% since early 2009. The Department of Labor's data shows the smallest growth in employment since October 2011.

'Weak and troubling'

Manufacturing, the food and beverage industry and healthcare showed gains in March, but retail was down. Analysts say the slow-down in March hiring comes as the US emerges from an unseasonably mild winter that spurred job numbers. Many experts had expected that the unemployment rate would hold at 8.3%. But joblessness dropped by one-tenth of a percent as the number of people actively looking for work went down. The participation rate, which measures the proportion of the working-age population making up the labour force, ticked down slightly to 63.8% in March from 63.9% the month before.

In response to the figures, the White House said that there was "more work to be done". But it said the report provided "further evidence that the economy is continuing to recover". Republican presidential front-runner Mitt Romney called the report "weak and very troubling", adding that it was increasingly clear that "the Obama economy is not working". The US saw two consecutive months of robust jobs growth in January and February, with increases of well over 200,000 jobs in both months. The BBC's Caroline Hepker says that while US companies have hired 850,000 new workers since December - the best run in two years - the sustainability of the recovery still remains a concern.

But Ben Bernanke, chairman of the Federal Reserve, has recently warned that the pace of growth seen in recent months would need sustained consumer spending in order to continue. Mr Bernanke has not ruled out the possibility of using monetary policy to support the economy if unemployment remains high. The employment figures come as several stock markets around the world are closed for Good Friday. But US stock futures declined after publication of the report.

BBC News - US adds 120,000 jobs in March, lower than predicted

 

[editec]

I think that those of us in the bottom tiers of the economy -- those tiers of the economy that are unlikely to recover anytime soon -- can be forgiven for continuing not to be too awfully impressed by the RECOVERY to date.

Sadly I suspect we can expect that same lopsided national economic recovery to continue for quite some time.

Unemployment will continue to be a problem. Wages will continue to decline, real estate will stay in the doldrums, but the bright side of that equasion is that the rich will continue to do better.

Lord knows that steady decline into a third world style economy and quality of life will continue make some of us happy.

 

[Douger]

Just pay murkins what they're worth. A Nicaraguan guy working on the windmill farm pushing a wheel barrow earns about 80 cents an hour. The welders/mechanics make around $2. The crane/dozer/backhoe/dump truck drivers make about $3.The bosses make around $4.
They'll a laugh and bust their ass more than any murkin.A murkin would be fired by lunch time.

 

[waltky]

Stock market hit by jobs data, Sony takes a hit...

Stocks Extend Losing Streak on Poor Jobs Data
4/09/12 - Stocks fell for the fourth day in a row Monday as disappointing news on job creation in March gave investors pause ahead of first-quarter reporting season.

The Dow Jones Industrial Average sank 131 points, or 1%, to close at 12,930, its first finish below 13,000 since March 12. The blue-chip index caught a slight bounce off its intraday low of 12,904 and is still up 5.8% in 2012. The biggest laggards within the Dow were Bank of America(BAC), Caterpillar(CAT), and Walt Disney(DIS). Only two of the Dow's 30 components -- McDonald's(MCD) and Hewlett-Packard(HPQ) -- finished in the green. The S&P 500 shed 16 points, or 1.1%, to finish at 1382. The financials, materials and transportation sectors led the declines. The index has gained 9.9% year-to-date. The Nasdaq tumbled 33 points, or 1.1%, to settle at 3047. It ran as low as 3032 on Monday and remains 18% higher on the year.

On Friday, while Wall Street was closed for the Good Friday holiday, the federal government said nonfarm payrolls increased 120,000 in March, far short of the 200,000 gain that economists surveyed by Thomson Reuters were expecting. The unemployment rate fell to 8.2% from 8.3% for the month. The market expected the rate to remain unchanged at 8.3%.

The average workweek for private-sector employees slipped by 0.1 hour to 34.5 hours in March. Average hourly earnings rose by 5 cents, or 0.2%, to $23.39. Private-sector payrolls increased by 121,000, while government employment was virtually unchanged. The VIX, known as Wall Street's fear gauge, popped nearly 12% on the renewed economic fears to settle 18.67. The VIX measures implied volatility through options pricing for the S&P 500. A reading above 20 is seen as the point where fear is on the rise.

Despite the selling pressure on stocks, Michael Gayed, chief investment strategist at Pension Partners, was impressed the decline wasn't deeper. "The jobs data is just for one month, so maybe the bears will say that they'll give it the benefit of the doubt and that this isn't the start of a trend toward weak job growth," he said. However, "if we see the 10-year yield break 2%, that could get people's attention. It could lead to a panic scenario."

Source

See also:

Sony sees record $6.4 billion loss on tax hit
10 Apr.`12 - Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant.

Sony, which plans to axe 10,000 jobs - around 6 percent of its global workforce - according to media reports this week, has been hammered by weak demand for its televisions and overtaken by more innovative gadget rivals such as Apple Inc and Samsung Electronics. Yet, in a bid to ease investor concerns over its deteriorating bottom line, Sony forecast it would bounce back in the current year to end-March 2013 with an operating profit of 180 billion yen ($2.2 billion).

In a sign that Sony's woes are industry-wide among Japan's consumer electronics firms, LCD TV maker Sharp Corp on Tuesday also raised its full-year net loss forecast - to 380 billion yen ($4.67 billion) from 290 billion yen. Kazuo Hirai, who took over as Sony's CEO this month, has said he is prepared to take "painful steps" to revive the company, insisting he would not hesitate to scale back or withdraw from businesses he deemed uncompetitive. He will lay out his revival strategy in more detail at a briefing scheduled for Thursday.

The Sony veteran, known for reviving the PlayStation gaming operations through aggressive cost-cutting, has promised to get the struggling TV business - which has lost $10 billion alone in 10 years - back on its feet within two years. "There have been several reasons for our poor results," Chief Financial Officer Masaru Kato said at a news briefing in Tokyo on Tuesday, noting a strong yen and poor demand.

Asked whether the ballooning losses would cause heads to roll among Sony executives, Kato said: "We are aiming for a rebound and for this we have made management changes." Sony securities traded in Germany slumped almost 10 on Tuesday. In Tokyo, Sony shares closed down 3.5 percent ahead of the announcement, the biggest one-day drop in three weeks in a flat market. Sony stock has almost halved in little more than a year, and has dropped 11 percent in the past 10 trading sessions.

More Sony sees record $6.4 billion loss on tax hit - Yahoo! News