The jobless recovery

Discussion in 'Politics' started by ScreamingEagle, May 23, 2011.

  1. ScreamingEagle
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    ScreamingEagle Gold Member

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    Michael Ramirez, cartoonist for Investor's Business Daily, may have summed it up best.

    In a recent offering, he shows President Barack Obama bending over to address a pathetic, bug-eyed, obviously exhausted American businessman, who struggles on one knee to hold aloft on his shoulders an entire globe labeled "Taxes / Regulations / Uncertainty."

    "Well, don't just sit there," the president instructs the capitalist with a wave of his hand, "Step up and hire workers."

    "Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression," USA Today reported Friday.

    The nation has 5 percent fewer jobs today -- a loss of 7 million -- than it did when the recession began in December 2007. Hardest hit? Housing.

    "That is by far the worst performance of job generation following any of the dozen recessions since the 1930s," the newspaper reports. "In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009."

    But they're not.

    The jobless recovery - Opinion - ReviewJournal.com
     
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  2. LibocalypseNow
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    LibocalypseNow Senior Member

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    Their numbers have all been lies. The real Unemployment numbers are much much higher than their 9% number. None of their numbers ever add up. This current Administration has cooked the books more than any other Administration in History has. Their 9% Unemployment is pure fantasy. It's much much worse.
     
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  3. AquaAthena
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    AquaAthena INTJ/ INFJ

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    NEW YORK (CNNMoney) -- American employers and workers are still not seeing eye to eye on the job market.

    The government's highly anticipated April jobs report showed somewhat of a paradox Friday. Employers claim they added 244,000 jobs in April, but workers say they lost 190,000, pushing the unemployment rate up to 9%, from 8.8%.

    914Print"We're still in this zone where we don't have these two surveys agreeing," said Heidi Shierholz, economist for the Economic Policy Institute. "Was April positive or negative? Our two major surveys don't agree on that simple fact."

    So why the disparity? Read it here and see a graph:

    Jobs report shows disconnect between workers and employers - May. 6, 2011
     
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  4. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    The unemployment number is higher because once someones unemployment runs off they take them off the books, regardless of whether they found a job or not. The numbers they have are for the people who are recieving unemployment compensation, if you are unemployed and your money has run out, you don't count in this 9% number.
     
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    Last edited: May 23, 2011
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    Obama is blaming everybody but himself for the sluggish economy....here are 3 examples of Obama's socialistic government policies that are holding back economic recovery....


     
  6. Truthmatters
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    The right crashed this economy by not inforcing the protections written into Gramm leach Bliely act.

    They held up the broker rules for years so the banks could act in any manner they wished.

    They did and crashed the economy.
     
  7. KissMy
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    KissMy Free Breast Exam

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    They don't care about the economy, jobs or our business as long as the government workers keep on getting their annual 3% raises & retire on their multi million dollar pensions after only working 20 years.
     
  8. Truthmatters
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    Why did the SEC under Bush try over and over again to not put in place the protections written into GLBA?
     
  9. KissMy
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    KissMy Free Breast Exam

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    Note which party controlled things when the JOBS were created!!!!!

    Average Stock Market gain during Democratic Congress: +9.8%
    Average Stock Market gain during Republican Congress: +30.1%

    Average Stock Market gain during Democratic President:
    with Democratic Congress support: +13.2%
    with Republican Congress opposition: +32.6%
    (+18.8% regardless of Congress)

    Average Stock Market gain during Republican President:
    With Democratic Congress opposition: +6.6%
    With Republican Congress support: +25.3%
    (+13.3% regardless of Congress)

    This is not my opinion. These are facts.

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  10. Truthmatters
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    wheres your link?
     

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