PatekPhilippe
Senior Member
Rabbi has it backward. The last things to recover, in order, are over time (I doubt that is stagnant anymore), contract work, and employment, not the first. They are market laggers, not leaders.
Rabbi, much of what you write is backwards or simply wrong. Either you are ignorant about these matters or you are deliberately lying.
He knows perfectly well that jobs follow a recovery. But he must skew the facts to fit his argument
No, dipshit. First comes overtime and contract work, as far as employment goes. There are plenty of other leading indicators prior to that. The last thing is regular employment. Employers will work their existing employees for longer hours or hire temps before they commit to permanent positions.
But we haven't even seen the beginning of overtime/contract labor expansion. That tells me unemployment will continue to get worse, not better. This is partly because of the nature of recoveries and mostly because of Obama's policies which discourage capital formation, investment, expansion, and employment.
This post is in fact correct....and I might add that we have seen, on several occasions now, stories that stated the "economy is recovering" or the "economy has recovered" from the likes of MSNBC and CNN. They are correct in that the economy/stock markets are being propped up by TARP and the Stimulus but as far as an actual recovery is concerned it just hasn't started yet. Once we see overtime increase and a slew of temp workers being hired one can look to regular employment positions to become available in about 8-16 months after that.