DemocratSinceBirth
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Tue Dec-07-10 12:00 AM
Original message |
Will We Ever See 5% Unemployment Again? |
Skittles
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Tue Dec-07-10 12:00 AM
Response to Original message |
1. not until we get a president who works for WE THE PEOPLE |
Write Left
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Tue Dec-07-10 12:02 AM
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2. Yeah, but first they have to get the wages down far enough to compensate. |
Wounded Bear
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Tue Dec-07-10 12:03 AM
Response to Original message |
3. Maybe if you're under 40.... |
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I'm 58. I don't expect to see it before I kick. And since the Repubs are in office, I expect to lose years of possible life expectancy, since I will have to work longer and harder for less for the rest of my life.
Cynical? Sad? Depressing?
Yep.
Reality?
It sure looks like it.
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high density
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Tue Dec-07-10 12:06 AM
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4. Now that we have extended the tax cuts for the rich I'm sure they'll pump out a shitload more jobs |
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Just like they've been doing. Right?
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laconicsax
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Tue Dec-07-10 12:10 AM
Response to Reply #4 |
6. Exactly! Just like the 4.5 million jobs created under *. |
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What? That's 4.5 million jobs lost? :banghead:
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provis99
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Tue Dec-07-10 12:10 AM
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5. sure; the government will redefine unemployment until the numbers look good. |
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Every administration does this.
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Raschel
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Tue Dec-07-10 12:30 AM
Response to Original message |
7. According to the Bernanke interview," between the peak and the end of last year we lost 8 &1/2 |
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million jobs. We've only gotten about a million of them back so far. And that doesn't even account the new people coming into the labor force. At the rate we're going, it could be four, five years before we are back to a more normal unemployment rate, somewhere in the vicinity of say five or six percent."
That sounds very ominous to me, especially since we don't have the jobs we used to have. If he says four or five, I would guess longer than that.
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Statistical
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Tue Dec-07-10 12:34 AM
Response to Original message |
8. If we do it will be a long time. |
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The federal reserve upper limit projection is for a 1.2% decline in U3 in 12 months and 2.1% decline in 24 months.
That is >7% likely 8% in 2012.
Of course that is the high projection. The low projection is about half that. :(
It could be >6% unemployment by the end of Obama term ..... his second one.
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pansypoo53219
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Tue Dec-07-10 12:54 AM
Response to Original message |
9. when we go back to clinton tax rates. |
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it might get better than 5%. that's bush territory. gee, i think it was 2% during clinton.
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mmonk
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Tue Dec-07-10 12:56 AM
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10. Our corporate gods prefer built in unemployment. It is leverage |
madrchsod
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Tue Dec-07-10 01:35 AM
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Imagevision
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Tue Dec-07-10 01:37 AM
Response to Original message |
12. I agree, possibly in 8-10 years... |
Hannah Bell
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Tue Dec-07-10 01:40 AM
Response to Original message |
13. In 20 years, at this pace of job creation. |
bemildred
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Tue Dec-07-10 01:40 AM
Response to Original message |
14. Not unless the government makes it happen. |
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Don't believe any fairy stories.
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kenny blankenship
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Tue Dec-07-10 01:47 AM
Response to Original message |
15. The Imperial Govt of the United States doesn't do bodycounts, keep figures on collateral damage |
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or care if the unemployment rate is really 17%.
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Selatius
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Tue Dec-07-10 01:50 AM
Response to Original message |
16. Here's your answer: Nobody on Wall Street gives a shit. They own Congress. nt |
Imagevision
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Tue Dec-07-10 01:51 AM
Response to Original message |
17. welkl don't forget this "New World Order" thing is already in play... |
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Wed May 01st 2024, 03:41 AM
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