WTF Is A Jobless Recovery?????

Discussion in 'Economy' started by mudwhistle, Dec 13, 2009.

  1. mudwhistle
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    mudwhistle Diamond Member

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    We keep hearing all of this talk about "A Jobless Recovery".

    Somebody explain to me how losing jobs by the millions spells R.E.C.O.V.E.R.Y???:cuckoo:

    For three years the Democrats tried to convince us how bad the economy was. 4 years ago the economy was churning. Back then job growth was good, productivity was up, inflation was in check, earnings were up....yet for the last 3 years the Dems told us the economy was fucked up. Now Obama wants to tell us that the Recession is over.:disagree:

    They've been extending Unemployment benefits for almost 4 years I think in anticipation of what they planned on doing. Which was spending us into massive debt and taxing us into oblivion.

    Allen Greenspan said this morning on Meet The Press that what effects job growth more then just about anything is uncertainty.

    Employers want to stay in business but this administration gives them every indication that their profits are going to be taken away. Being successful will result in punishment from the government. So what we are left with is fear in the marketplace.

    Nobody in their right mind would expand or start a business in today's climate. :banghead:....As a result jobs are being lost in record numbers.

    Explain to me how that can be called a recovery.

    What I think is this....Democrats spend their careers throwing out crazy ideas hoping that the GOP will object to it. They use wedge-issues to divide us. When they finally get into power they spend like a sailor in a Mexican whorehouse. They screw everything up that they touch and blame it on the opposition. When they lose power they do everything in their power to prevent progress. They know the opposition will try to do the right thing so they just wait until the problems they caused are fixed then go back to screwing everything up again.

    This is the dilemma we are faced with. A political party that is not an honest broker. They have no intention of solving problems in this country because it doesn't help them when they do. Their platform is based on entitlements, stupid causes like saving Polar Bears, helping little babies once their born with health care [yet killing them in the womb with taxpayer funds]. Saving the planet even if it bankrupts all of us.

    The welfare of Americans isn't in their plans. That is why they talk about a "Jobless Recovery" like it's a good thing. If you have a good job and productive lives you won't need them anymore. You're liable to vote for the GOP to hang on to your pay rather then give it to them so they can spend it on their silly causes.
     
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    Last edited: Dec 13, 2009
  2. midcan5
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    midcan5 liberal / progressive

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    Economics is pop psychology at its finest. Explain bubbles? or Stagflation? Or why firing people in a corporation raises the stock value? Explain the negative sense many have concerning the economy today given we missed a second great depression? I'll share one bit of advice, my wife is out there today contributing to the economy, why don't the rest of you go out and do same.

    Stagflation - Definition of Stagflation

    "On the day when Saddam was caught, the bond market went up in the morning, and it went down in the afternoon. So here we had two headlines — "Bond Market Up on Saddam News," and in the afternoon, "Bond Market Down on Saddam News" — and then they had in both cases very convincing explanations of the moves. Basically if you can explain one thing and its opposite using the same data you don't have an explanation. It takes a lot of courage to keep silent." Nassim Nicholas Taleb

    Edge: LEARNING TO EXPECT THE UNEXPECTED
     
  3. Polk
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    Polk Classic

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    Pretty simple to explain the concept. The economy is considered to be in recovery at the point where GDP growth is positive, but that doesn't mean job growth has returned. Historically this wasn't the case, but for some uncertain reason, it's became common in recent decades (technological change is the most likely culprit). Look back at the 1992 election. George H.W. Bush was hammered with "it's the economy, stupid", but the recession had actually been over for a while. The economy started growing in March of 1991, but since unemployment didn't peak until mid-1992, voters were still feeling the pain and punished him for it at the polls. Same thing with the burst of the dot-com bubble. Even though it was a pretty mild recession, job growth lagged. While growth resumed in November of 2001, the unemployment peak wasn't until almost two years later (June of 2003).
     
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  4. mudwhistle
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    mudwhistle Diamond Member

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    However it's impossible to claim that we are in recovery till the jobs losses reverse and begin coming back. We haven't even reached the depths of what will soon be 18% or more.

    I think Obama is trying to claim too soon that the economy is recovering. Once his health care bill goes through it will cause another dip....and if he continues to go through the EPA imposing restrictions on companies in favor of fake science....I don't think we've hit bottom yet despite what he says.

    The biggest problem I see is a lack of credibility as far as the White House is concerned. They've lost the trust of most of the American people. That is the root of all of this.
     
  5. Polk
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    Polk Classic

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    And now this is where we dive into the dishonest. In every previous recession, the standard has been the return of GDP growth, but now you want to slide the scale and say that growth doesn't matter, only job creation does. Fair enough, but that would be an argument for all recessions, not just the current one. Ditto with your claim that unemployment is at 18 percent. That's just simply not true.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    As much as it pains me, Polk is right. Recession is measured by GDP. Of course I don't buy that the economy is recovering either. One component of GDP is government spending and that is the only component that is rising. That doesn't make for a healthy economy. And in other recoveries unemployment had leveled off. Here it appears to be rising still.
    I suspect January will see some more big bankruptcies and we will be back in the tank again.
     
  7. Liability
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    Liability Locked Account. Supporting Member

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    It is an oxymoron deliberately crafted to conceal the truth.

    It is a non-existent thing. Fantasy. Make-believe.

    It is just another liberal Democrat lie.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It works like this: when a Republican is in power saying "it's the worst economy since FDR's Great Depression!!!" is a bad thing; when a Democrat is in power it becomes a good thing because it causes government to expand
     
  9. Zander
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    Zander Platinum Member

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    It is the economic equivalent of "fake but accurate". See Dan Rather for an in depth explanation of the concept. :lol:
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    Except EVERY recovery is a "jobless" recovery since employment is the last thing to rise. Usually overtime and temp work will come first.
    I remember Dems taunting Bush in 2001/2002 over his "jobless recovery" and "McJobs" job creation. It was false then,it's false now.
     
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