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Unemployment at 7.9% - Something has to change

  • dpfenny said...

    LOL, your poly sci professor would be so proud of you. You must be his favorite student.roflmao

    He's far more informed than most on this board. It's crazy to look down on his opinion.

    ReasonableDoubt ●

  • ReasonableDoubt said...

    He's far more informed than most on this board. It's crazy to look down on his opinion.

    If by "informed" you mean copying and pasting every liberal agenda and talking point he reads then I agree. If its by personal life experience, running a small business, paying taxes, being unemployed long term with a degree, and the general wear and tear on everyday life beating you down from everyday aspects of the real world then I don't agree. It's not a huge surprise that he's liberal. Tons of college students tend to start out that way.

    Edit: of course I don't look down at his opinions. I enjoy reading them and hope once he's got some life experience that he'll see the errors in his youthful way of thinking.

    This post was edited by DrStache on 11/2/2012 at 1:30 PM

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    DrStache ●

  • ReasonableDoubt said...

    He's far more informed than most on this board. It's crazy to look down on his opinion.

    I am a political and economic news junkie. I may not be as "experienced" as dfpenny and others would like, but I'm sure as hell not unread on the subject.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Mr.Stache said...

    If by "informed" you mean copying and pasting every liberal agenda and talking point he reads then I agree. If its by personal life experience, running a small business, paying taxes, being unemployed long term with a degree, and the general wear and tear on everyday life beating you down from everyday aspects of the real world then I don't agree. It's not a huge surprise that he's liberal. Tons of college students tend to start out that way.

    Yeah. I know right? Especially one's that live in a conservative household and one that goes to a conservative school.

    This post was edited by BamaLivesFootba on 11/2/2012 at 1:31 PM

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    See that's more eloquent.

    Incorrectly using the phrases unstable and bleeding aren't.

    By the way, I agree. That's why I'm voting for Jill Stein.

    We are still bleeding. A trillion dollar deficit every year is not stable.

    But I also understand that there wasn't much obama could have done in four years rio fix it.

    Recent history shows dems are better for the economy. But neither one has a reasonable economic plan.

    ReasonableDoubt ●

  • Mr.Stache said...

    Or it could mean people are starving and desperate.

    Doubt it considering consumer confidence is at a 4 year high right now:

    Consumer confidence rises to 4-year high

    Consumer confidence rose to its highest level since February 2008, as optimism surrounding the job market gave the economic indicator a boost.

    money.cnn.com

    CliftonHokie09 ●

  • BamaLivesFootba said...

    Wait. So you are saying they weren't wrong about the economy as a whole?

    Do you think unemployment would have peaked at 9% in 2010 without the stimulus?

    Many economists disagreed with the plan. Your professor must not have told you.

    http://www.politifact.com/truth-o-meter/statements/2009/jan/30/barack-obama/some-economists-disagree-obama/

    The Cato ad has 203 signatories, including three recent Nobel Prize winners.

    We talked to one of the Nobel winners, Edward Prescott of Arizona State University, who won in 2004, about Obama's plan.

    "I agree with his wants, but just because you want something, that doesn't make it happen," Prescott said. "I guess he thinks that everything can be solved by people's goodwill and good actions coming from Washington, D.C."

    dpfenny

  • ReasonableDoubt said...

    We are still bleeding. A trillion dollar deficit every year is not stable.

    But I also understand that there wasn't much obama could have done in four years rio fix it.

    Recent history shows dems are better for the economy. But neither one has a reasonable economic plan.

    Well that's fiscal policy, which does have macroeconomic effects, but its direct relation to the discussion of the economy as its relates to unemployment doesn't seem very fruitful.

    If Congress and the a president can reach a grad bargain, I'd be confident enough to say that the debt-to-gdp problem will subside within two years. As the economy gets back to a normal growth rate, the deficit will shrink because of the bargain and by increasing revenue. The debt-to-gdp ratio will slowly start to recede and people won't worry about it anymore.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Mr.Stache said...

    If by "informed" you mean copying and pasting every liberal agenda and talking point he reads then I agree. If its by personal life experience, running a small business, paying taxes, being unemployed long term with a degree, and the general wear and tear on everyday life beating you down from everyday aspects of the real world then I don't agree. It's not a huge surprise that he's liberal. Tons of college students tend to start out that way.

    Edit: of course I don't look down at his opinions. I enjoy reading them and hope once he's got some life experience that he'll see the errors in his youthful way of thinking.

    well said

    dpfenny

  • dpfenny said...

    Many economists disagreed with the plan. Your professor must not have told you.

    http://www.politifact.com/truth-o-meter/statements/2009/jan/30/barack-obama/some-economists-disagree-obama/

    The Cato ad has 203 signatories, including three recent Nobel Prize winners.

    We talked to one of the Nobel winners, Edward Prescott of Arizona State University, who won in 2004, about Obama's plan.

    "I agree with his wants, but just because you want something, that doesn't make it happen," Prescott said. "I guess he thinks that everything can be solved by people's goodwill and good actions coming from Washington, D.C."

    A) That's irrelevant to the question. I asked do you think unemployment would have peaked at 9% in 2010 without any action whatsoever?

    B) I can link you articles to hundreds of economists who agreed with the stimulus. Economics isn't much different from politics. You have you supply-sider, Austrians and your demand-sider, Keynesians and others. It doesn't surprise me that there was disagreement. It should be expected.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • CliftonHokie09 said...

    Doubt it considering consumer confidence is at a 4 year high right now:

    After the holidays consumer confidence will drop again. I just don't understand. 500,000+ are looking for jobs. How many of those went on unemployment 6 months ago and just naturally have to go back to work now? These numbers really mean very little. The economy sucks. More people are broke and desperate than ever before. I know about 6 Mechanical Engineers personally that are working at local retail stores like Home Depot, etc. They can't find jobs but have to work. They're actually helping these "growth" numbers. That's bass ackwards.

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    DrStache ●

  • Mr.Stache said...

    After the holidays consumer confidence will drop again. I just don't understand. 500,000+ are looking for jobs. How many of those went on unemployment 6 months ago and just naturally have to go back to work now? These numbers really mean very little. The economy sucks. More people are broke and desperate than ever before. I know about 6 Mechanical Engineers personally that are working at local retail stores like Home Depot, etc. They can't find jobs but have to work. They're actually helping these "growth" numbers. That's bass ackwards.

    Yet it's at a four year high meaning that consumers are more confident than the last four holidays....so...

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    Yet it's at a four year high meaning that consumers are more confident than the last four holidays....so...

    Ok, fair point. what about the other part of my post? How many college educated people are working minimum wage jobs, manual labor jobs, or retail jobs helping those Growth numbers?

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    DrStache ●

  • Mr.Stache said...

    Ok, fair point. what about the other part of my post? How many college educated people are working minimum wage jobs, manual labor jobs, or retail jobs helping those Growth numbers?

    I don't have the numbers to that, so I can't say.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    I don't have the numbers to that, so I can't say.

    Which is my general point. These numbers mean very little. No one can ever get to a real number.

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    DrStache ●

  • Mr.Stache said...

    Which is my general point. These numbers mean very little. No one can ever get to a real number.

    Well any one number isn't worth much, but a quarter or a year or multiple years worth of data can be very useful.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    Well any one number isn't worth much, but a quarter or a year or multiple years worth of data can be very useful.

    Not if the scenario I presented is inflating those numbers. It's been this way for over a year.

    signature image signature image signature image

    DrStache ●

  • CliftonHokie09 said...

    Doubt it considering consumer confidence is at a 4 year high right now:

    I can almost guarantee you they are not polling the right people....

    signature image signature image signature image

    Go Vols

    orangeasylum ●

  • Mr.Stache said...

    Which is my general point. These numbers mean very little. No one can ever get to a real number.

    Numbers show trends. The hope is that with these new jobs numbers, there will be continually growth with more people looking for work and consumer's wanting to spend more.

    CliftonHokie09 ●

  • Mr.Stache said...

    Not if the scenario I presented is inflating those numbers. It's been this way for over a year.

    Almost every economic stat is up YOY.

    This post was edited by BamaLivesFootba on 11/2/2012 at 2:02 PM

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • CliftonHokie09 said...

    Numbers show trends. The hope is that with these new jobs numbers, there will be continually growth with more people looking for work and consumer's wanting to spend more.

    Numbers show people need to eat. I'm just playing devils advocate here. Is countinual growth good when you aren't growing where you expected to be? I have no idea if this article is correct but it says 53% of recent college grads are either unemployed or workin in other fields. That seems pretty staggering to any trend. Sure, growth is good but not if I had a 40,000 dollar education and working at Home Depot.

    53% of Recent College Grads Are Jobless or Underemployed—How? - Atlantic Mobile

    The Atlantic covers news and analysis on politics, business, culture, technology, national, international and life on the official site of The Atlantic Magazine.

    m.theatlantic.com
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    DrStache ●

  • Mr.Stache said...

    Numbers show people need to eat. I'm just playing devils advocate here. Is countinual growth good when you aren't growing where you expected to be? I have no idea if this article is correct but it says 53% of recent college grads are either unemployed or workin in other fields. That seems pretty staggering to any trend. Sure, growth is good but not if I had a 40,000 dollar education and working at Home Depot.

    That's a short-term product of a recession and an aging population. It's not a long-term prospect.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    That's a short-term product of a recession and an aging population. It's not a long-term prospect.

    Says you. In reality, this may be long term.

    signature image signature image signature image

    DrStache ●

  • Mr.Stache said...

    Says you. In reality, this may be long term.

    For college graduates, I'd be willing to bet it's short-term. For youth in general, it could very well be long-term. It all depends on whether the baby boomers feel confident enough to retire. If they retire at the proper time, we won't be dealing with a lack of jobs, but a lack of people to fill them.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Leppycole said...

    LAST LABOR DEPARTMENT JOBS REPORT before election confirms US economy stuck, with new jobless claims canceling out job growth, unemployment up to 7.9 percent — and 12.3 million still out of work.

    US Economy swirl

    Get a job grouch

    Play

    Kid's Cartoons - Dave Chappelle

    In this short stand up, Dave makes fun of Sesame Street and briefly of one other kid's show that seed to sound different now that he is'nt a kid anymore. Enjoy.

    http://www.youtube.com/v/aUmYGLIubho
    signature image signature image signature image

    Not guilty y'all got to feel me

    eastcoastghost

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