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(USA Today)   "The data indicate the country may be experiencing the jobless recovery economists warned of during the recession" Curse those recovery mongers   (usatoday.com) divider line 90
    More: Misc, jobless recovery, metropolitan areas by population, economic recovery, metro areas, traffic flow, reversals  
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4086 clicks; posted to Main » on 22 May 2012 at 10:49 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-22 08:36:09 AM
This calls for a tax cut.
 
2012-05-22 09:03:17 AM
Mentat: This calls for a tax cut.

And deregulation, don't forget deregulation.
 
2012-05-22 09:08:15 AM
nekom: Mentat: This calls for a tax cut.

And deregulation, don't forget deregulation.


And war with Iran. War always stimulates the economy.
 
2012-05-22 09:12:56 AM
People only now are figuring out that if you can get more from people for the same amount of money, you'll keep on doing it?
 
2012-05-22 09:39:43 AM
i.imgur.com

i.imgur.com

No shiat, motherfarkers. This is at least the second "jobless" recovery in a farking row. If you unlucky enough to live in Michigan, its at least the third. Turns out both public and private employers choose to make existing workers do more with less rather than hire more people. Its the new goddamn 'default.' Who the fark knew?
 
2012-05-22 09:57:25 AM
gee, i wonder why.

d'you think it might have something to do with the fact that we've slashed local, state, and federal government spending to the bone (which means slashing jobs) while the "loyal opposition" has been doing everything in its considerable power to try to derail any economic advances for the past four years?

as i said in another post on this subject:

Q: what's the quickest way to derail a recovery?
A: reduce government spending

1: the GOP, whose policy until january 20, 2009, was "deficits don't matter," suddenly starts freaking out about government spending and the deficit.
2: the media, eager to not appear "liberal," pushes the GOP's anti-deficit agenda, using the sudden magical appearance of the tea party as its "story"
3: the democrats, who are terrified of their own shadows, cut spending, reduce the size of the stimulus, cave in to the insurance lobby on healthcare reform, etc.
4: the GOP, not satisfied with the drag on the economy, pushes the US to the brink of default, resulting in a downgrade and a stock market decline in 2011
5: the GOP, seeing #4 worked so well, have announced that they'll not only renege on the debt limit deal, but they'll also take the US to the brink in 2012 as well.

voila: jobless recovery!
 
2012-05-22 10:51:56 AM
But the rich are doing fantastic. Why no trickle down?
 
2012-05-22 10:52:58 AM
and the CONgress looking the other way while Corporate America sends American jobs to inexpensive labor in Communist China over the last 25 years certainly didn't help anything.

and Communist Chinese don't pay American taxes to boot!

ain't Freedom great!
 
2012-05-22 10:53:57 AM
Mentat: nekom: Mentat: This calls for a tax cut.

And deregulation, don't forget deregulation.

And war with Iran. War always stimulates the economy.


So, more military spending! $$$
 
2012-05-22 10:55:59 AM
Employment is always a couple of years behind the economy.

The news is jumping the gun as usual. We won't know if this recovery is 'jobless' for at least another year.
 
2012-05-22 10:56:48 AM
FlashHarry has it covered. We're done here.
 
2012-05-22 10:56:59 AM
Mentat: This calls for a tax cutincrease on the rich.
 
2012-05-22 10:57:14 AM
TyrantII: So, more military spending! $$$

And when the Generals say they don't want or need the money they must be lying!

ROBERTS: Why did the committee choose to go against the advice of the generals?

RYAN: We don't think the generals are giving us their true advice. We don't think the generals believe that their budget is really the right budget.
 
2012-05-22 10:57:34 AM
You can thank George Bush for extending those tax cuts in his third term.
 
2012-05-22 10:59:56 AM
Somacandra:

No shiat, motherfarkers. This is at least the second "jobless" recovery in a farking row. If you unlucky enough to live in Michigan, its at least the third. Turns out both public and private employers choose to make existing workers do more with less rather than hire more people. Its the new goddamn 'default.' Who the fark knew?


Yup, and it's the plan. Low tax rates slow investment and job creation. When it's both easier and more valuable to take your cash and sit on it (or run to Singapore like FB co-founder douche), you do just that. When high taxes means keeping the money invested in businesses and markets makes more sense, then you do that to grow your investment instead of pulling it out.

Really is that simple. When someone can take out 100K from a business tax free they do so. When high taxes on income means that they get more bang for their buck leaving it in a company and spending it to grow the company, you get a much larger economic multiplier.

The Walmart way of business (low taxes, cut cost to nil) is just capitalism eating itself. At some point you run up against a wall once the 99% can't afford anything and the 1% have all the income. Capitalism works best when there's a very broad middle class with purchasing power. Low taxes and bottom of the barrel prices don't support that model, and work against it.
 
2012-05-22 11:00:17 AM
Philip J. Fry: TyrantII: So, more military spending! $$$

And when the Generals say they don't want or need the money they must be lying!

ROBERTS: Why did the committee choose to go against the advice of the generals?

RYAN: We don't think the generals are giving us their true advice. We don't think the generals believe that their budget is really the right budget.


There's nothing generals like more than being publicly called a liar.
 
2012-05-22 11:04:52 AM
Yeah. As high as the unemployment rate in this area was, it was only about 6.75% at its worst.

As of March, it was down to 4.5% which pretty much means that anyone who actually wants to work is working.
 
vpb [TotalFark]
2012-05-22 11:05:38 AM
Yes, when you compare Japan to Greece and Spain, I would rather be in Japan's position than Greece's.

Austerity doesn't work in a recession. The time for austerity is during periods of growth, when the economy can do without government spending. Unfortunately, we get "deficits don't matter".
 
2012-05-22 11:08:38 AM
Mentat: This calls for a tax cut.

this calls for a tax hike and more deficit spending!
 
2012-05-22 11:09:29 AM
jaybeezey: more deficit spending!

As opposed to the last decade of non-deficit spending, right?
 
2012-05-22 11:10:01 AM
As long as the rich are doing well. They are doing well, right? Because they're the job creators.
 
2012-05-22 11:17:37 AM
drhansenej: As long as the rich are doing well. They are doing well, right? Because they're the job creators.

Pretty much the way it works in this area.
 
2012-05-22 11:20:03 AM
WTFDYW: drhansenej: As long as the rich are doing well. They are doing well, right? Because they're the job creators.

Pretty much the way it works in this area.


That's nice. I supposedly live in one of the wealthiest counties in the nation, but I'll be damned if I can't find work.
 
2012-05-22 11:24:55 AM
Somacandra: Its the new goddamn 'default.' Who the fark knew?

The last time we had a major explosion in jobs and the economy (IIRC) was when the Internet was starting to come into its own. Lots of tech companies starting up and trying to get a slice of the pie. Of course, we all know that ended in a bit of a disaster. The only thing that can shake this funk that our economy has developed is to break into a whole new industry that has some form of sustainable growth.

Enter, green energy. It's one of many potential possibilities, but I'd think we'd need more than to just create jobs by building windmills.

FlashHarry: voila: jobless recovery!

That, too.
 
2012-05-22 11:27:54 AM
Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.
 
2012-05-22 11:30:47 AM
FlashHarry: voila: jobless recovery!

This also kind of goes hand-in-hand with what I had mentioned in another thread: the GOP is pretty good at spreading its propaganda. They all but sabotage the recovery effort, then blame Obama for it. It explains his mediocre polling numbers. If Americans were more savvy, Romney wouldn't be within just a couple percentage points of Obama (depending on which polls you're looking at). They'd look at the brinksmanship of the Republican-led House last year and say, "Holy fark, those Republicans are INSANE! Do we *really* want one in the White House, too??"

But, no. Obama is holding on with a very small margin. Therefore, the GOP has been doing pretty well spreading its message (but, thankfully, not well enough....yet). Either that, or America is just not f*cking paying attention.
 
2012-05-22 11:30:51 AM
FlashHarry: gee, i wonder why.

d'you think it might have something to do with the fact that we've slashed local, state, and federal government spending to the bone (which means slashing jobs) while the "loyal opposition" has been doing everything in its considerable power to try to derail any economic advances for the past four years?

as i said in another post on this subject:

Q: what's the quickest way to derail a recovery?
A: reduce government spending

1: the GOP, whose policy until january 20, 2009, was "deficits don't matter," suddenly starts freaking out about government spending and the deficit.
2: the media, eager to not appear "liberal," pushes the GOP's anti-deficit agenda, using the sudden magical appearance of the tea party as its "story"
3: the democrats, who are terrified of their own shadows, cut spending, reduce the size of the stimulus, cave in to the insurance lobby on healthcare reform, etc.
4: the GOP, not satisfied with the drag on the economy, pushes the US to the brink of default, resulting in a downgrade and a stock market decline in 2011
5: the GOP, seeing #4 worked so well, have announced that they'll not only renege on the debt limit deal, but they'll also take the US to the brink in 2012 as well.

voila: jobless recovery!


Most local spending is funded via property taxes.

Having the real estate bubble pop put a damper in tax collections.

Municipalities were stupid to assume tax revenue would not revert back to the average.

/have seen many city taj-mahal halls and police station out of Robo-Cop built in the past couple of years.
 
2012-05-22 11:33:41 AM
FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending


Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.
 
2012-05-22 11:34:16 AM
We can always borrow and spend more. It worked for Greece.
 
2012-05-22 11:36:38 AM
Why Would I Read the Article: FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending

Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.


We could increase government deficit spending like in Japan. Their recession has only been going on for 20 years now.
 
2012-05-22 11:41:22 AM
Why Would I Read the Article: FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending

Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.


The stupid is strong in this one.
 
2012-05-22 11:42:06 AM
HempHead: Why Would I Read the Article: FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending

Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.

We could increase government deficit spending like in Japan. Their recession has only been going on for 20 years now.


Therefore 0 spending means infinite jobs!
 
2012-05-22 11:44:46 AM
WTFDYW: Yeah. As high as the unemployment rate in this area was, it was only about 6.75% at its worst.

As of March, it was down to 4.5% which pretty much means that anyone who actually wants to work is working.


Where the heck were you at? It's still at 7.1% here, and it peaked at 10.2% (Though, I did get my current job that month). Ten years ago, the number was 1.9%.
 
2012-05-22 11:46:19 AM
kbotc: WTFDYW: Yeah. As high as the unemployment rate in this area was, it was only about 6.75% at its worst.

As of March, it was down to 4.5% which pretty much means that anyone who actually wants to work is working.

Where the heck were you at? It's still at 7.1% here, and it peaked at 10.2% (Though, I did get my current job that month). Ten years ago, the number was 1.9%.


In Teh County, we've been hovering around 10% long before the recession. We're used to joblessness. Can only hire just so many to pick potatoes...
 
2012-05-22 11:47:43 AM
Tommy Moo: Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.

I think you're right. The only problem is that the people who can't find work can still vote.
 
2012-05-22 11:48:46 AM
Lost Thought 00: HempHead: Why Would I Read the Article: FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending

Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.

We could increase government deficit spending like in Japan. Their recession has only been going on for 20 years now.

Therefore 0 spending means infinite jobs!


Before Reagan made a change in unemployment stats, most government workers were included in the unemployment stats since their jobs contributed nothing to the economy.
 
2012-05-22 11:49:50 AM
paygun: Tommy Moo: Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.

I think you're right. The only problem is that the people who can't find work can still vote.


So, basically we need a war or a plague?
 
2012-05-22 11:54:18 AM
kbotc: WTFDYW: Yeah. As high as the unemployment rate in this area was, it was only about 6.75% at its worst.

As of March, it was down to 4.5% which pretty much means that anyone who actually wants to work is working.

Where the heck were you at? It's still at 7.1% here, and it peaked at 10.2% (Though, I did get my current job that month). Ten years ago, the number was 1.9%.


1.9%.?!?!

The only time I've seen lower was many ,many years ago for Mackinaw County, Michigan, right as the summer tourist season was ramping up. Now, most if not all of that was crappy minimum wage jobs supporting the summer tourism industry, and every winter unemployment spiked a bit higher than the state average.

They had an unemployment rate of around 1% at that time. That's bad news for businesses. It translates to overtime pay, lost productivity, and higher turnover and attrition rates.
 
2012-05-22 11:58:20 AM
Tommy Moo: Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.

I have a modest proposal to deal with that...
 
2012-05-22 11:59:18 AM
Lost Thought 00: Therefore 0 spending means infinite jobs!

They teach this in business schools as the "Laffer Curve of Unemployment."

/True story
 
2012-05-22 12:02:45 PM
HempHead: Before Reagan made a change in unemployment stats, most government workers were included in the unemployment stats since their jobs contributed nothing to the economy.

The business man should that to the cops who are in charge of investigating the robbery that occurred overnight. I'm sure they'll see the truth behind that statement.
 
2012-05-22 12:10:25 PM
Tommy Moo: Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.

So vote Thanos.
 
2012-05-22 12:13:31 PM
kbotc: paygun: Tommy Moo: Everyone is thinking about this backwards. Unemployment is just a surplus of labor. It's what happens when there are more workers than jobs. This doesn't mean too few jobs; it means too many people. We want jobs to be eliminated to automation. It means more productivity, which, when coupled with a lower population, means higher per capita income and a better lifestyle for everyone, with a bonus side effect of being good for the environment.

I think you're right. The only problem is that the people who can't find work can still vote.

So, basically we need a war or a plague?


Or to accomplish it more humanely, get rid of all of the subsidies we provide people with to raise children. Make people pay tuition for public schools. Eliminate the dependent child tax credit. Give parents on welfare static benefits regardless of number of children. Make it so it is in no one's financial interest to have babies. When they have to confront the full cost of it, everyone will have zero to two children. If we one day reach a point where we are underpopulated, we can always revert those policies.
 
2012-05-22 12:27:16 PM
What jobs i know people getting laid off but no one i know has been hired in a year or more im working at 9 dollars an hour 10 times less then i was 4your years ago more dem bullshiat
 
2012-05-22 12:32:25 PM
Tommy Moo: Or to accomplish it more humanely, get rid of all of the subsidies we provide people with to raise children.

Right again. But the problem with "let's just stop subsidizing children you can't afford" is that what it works out to politically is "let's just commit political suicide."
 
2012-05-22 12:35:04 PM
HempHead:

Before Reagan made a change in unemployment stats, most government workers were included in the unemployment stats since their jobs contributed nothing to the economy.


UMass has been adding 10 billion to the MA economy every 5 years. Umass workers are state employees. Care to explain how they're adding nothing to the economy?

/GOP talking point lie needs to die
//Work is work
 
2012-05-22 12:35:12 PM
Why Would I Read the Article: FlashHarry: Q: what's the quickest way to derail a recovery?
A: reduce government spending

Bzzzt, wrong! Strike one, try again. This time you might want to incorporate some basic fundamentals of economics in your response. Parroting idiotic Daily Kos talking points is the quickest way to Incorrect-Ville.


You mind explain the 'economics' then. His assertion is correct.
 
2012-05-22 12:36:27 PM
Lost Thought 00: HempHead: Before Reagan made a change in unemployment stats, most government workers were included in the unemployment stats since their jobs contributed nothing to the economy.

The business man should that to the cops who are in charge of investigating the robbery that occurred overnight. I'm sure they'll see the truth behind that statement.


Stamping papers and filling out reports in triplicate does not contribute to the economy no matter how many forms and regulations we create.

To build a house in California now requires $80k in fees. No matter how high the raise that number, $150k, $250k, $500k, and noatter how many paper stampers Calufornia hires, it will not help the economy.
 
2012-05-22 12:40:05 PM
HempHead: To build a house in California now requires $80k in fees. No matter how high the raise that number, $150k, $250k, $500k, and noatter how many paper stampers Calufornia hires, it will not help the economy.



Yep, no impact whatsoever
 
2012-05-22 12:50:37 PM
TyrantII: HempHead:

Before Reagan made a change in unemployment stats, most government workers were included in the unemployment stats since their jobs contributed nothing to the economy.

UMass has been adding 10 billion to the MA economy every 5 years. Umass workers are state employees. Care to explain how they're adding nothing to the economy?

/GOP talking point lie needs to die
//Work is work


Well, I admit I am wrong there.

Tuition is raising much faster than inflation and in some places like Mass, colleges will soon consume all money and become the entire economy.

Mass was smart to lock into this fabulous new method of economic wealth.

anticap.files.wordpress.com
 
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