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(The New York Times)   Full economic recovery might never happen in the US. Thanks Obama   (nytimes.com) divider line 22
    More: Fail, economic recovery, full employment, H.L. Mencken, prosperity, psychological testing, Economic Policy Institute  
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1464 clicks; posted to Politics » on 08 Jul 2013 at 12:33 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



22 Comments   (+0 »)
   
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2013-07-08 12:36:19 PM
Who wants to hear about my dog's anal glands?
 
2013-07-08 12:39:17 PM
The clear solution is to end abortions.

Then we'll have millions more in the workforce without jobs

Or something
 
2013-07-08 12:48:32 PM
I don't care how smart Paul Krugman is, every time he's on television, he looks like a shifty-eyed weasel.
 
2013-07-08 12:54:10 PM
The truth is that 80% of the workers who currently have jobs aren't required anymore due to automation.   Today, 650k defense workers were sent home on sequester without impact.  I spend the whole day on FARK and don't do anything at work but surf.  I spend 100% of my time reporting to management on the nothing I'm doing just like the idiots in Congress.

www.costar.com
 
2013-07-08 12:57:04 PM
fta:  Ask yourself the hard question: What, exactly, will bring us back to full employment?

stop demonizing and punishing the job creators would be a start.

they had 4.5 years with that strategy and even Krugman is throwing in the towel.
 
2013-07-08 12:57:10 PM
we need some good old fashioned WPA projects. Not only for jobs, job training, etc. but our damn country is falling apart and falling behind.
Rebuild the bridges, Gigabit fiber in every town over 40,000 people, etc.
 
2013-07-08 01:03:31 PM

tenpoundsofcheese: stop demonizing and punishing the job creators would be a start.


itscol.es
 
2013-07-08 01:08:23 PM

tenpoundsofcheese: fta:  Ask yourself the hard question: What, exactly, will bring us back to full employment?

stop demonizing and punishing the job creators would be a start.

they had 4.5 years with that strategy and even Krugman is throwing in the towel.


I'm not endeavoring to make more money by hiring more people to fulfill demand because I may be demonized by people who don't like me. That sounds legit.
 
2013-07-08 01:10:43 PM

tenpoundsofcheese: fta:  Ask yourself the hard question: What, exactly, will bring us back to full employment?

stop demonizing and punishing the job creators would be a start.

they had 4.5 years with that strategy and even Krugman is throwing in the towel.


Over the past decade the "job creators" had the lowest taxes they've had in decades.  The result?  Unemployment DOUBLED and has yet to recover.  Those so-called job creators are sitting on trillions of dollars of corporate earnings and sending jobs to China and India.

But, yes, we need to give them even more tax breaks.
 
2013-07-08 01:10:45 PM

SamWaters: The truth is that 80% of the workers who currently have jobs aren't required anymore due to automation.   Today, 650k defense workers were sent home on sequester without impact.  I spend the whole day on FARK and don't do anything at work but surf.  I spend 100% of my time reporting to management on the nothing I'm doing just like the idiots in Congress.


Um, we need to talk about your PTS reports, mmmkay?
 
2013-07-08 01:15:42 PM

Dog Welder: tenpoundsofcheese: fta:  Ask yourself the hard question: What, exactly, will bring us back to full employment?

stop demonizing and punishing the job creators would be a start.

they had 4.5 years with that strategy and even Krugman is throwing in the towel.

Over the past decade the "job creators" had the lowest taxes they've had in decades.  The result?  Unemployment DOUBLED and has yet to recover.  Those so-called job creators are sitting on trillions of dollars of corporate earnings and sending jobs to China and India.

But, yes, we need to give them even more tax breaks.


I remember the 80's. I was young but "cut taxes for the wealthiest Americans and it will eventually tickle down" seemed like a reasonable plan. I could see being for it if you were rich and being "meh" if you weren't because it sounded plausible. It amazes me that after thirty years of data showing that it clearly does not work that way people, who aren't wealthy, still think this sounds plausible. Even when confronted with the facts they still hold on to this idea. I can only assume it is because they have no ability or desire to think for themselves.
 
2013-07-08 02:05:23 PM

SamWaters: The truth is that 80% of the workers who currently have jobs aren't required anymore due to automation.   Today, 650k defense workers were sent home on sequester without impact.  I spend the whole day on FARK and don't do anything at work but surf.  I spend 100% of my time reporting to management on the nothing I'm doing just like the idiots in Congress.


How do i get that job, it requires a college degree doesn't it?
 
2013-07-08 03:06:11 PM

SuperT: we need some good old fashioned WPA projects. Not only for jobs, job training, etc. but our damn country is falling apart and falling behind.
Rebuild the bridges, Gigabit fiber in every town over 40,000 people, etc.


WPA, CCC, a second round of infrastructural projects (bridges, etc.)  But of course, the conservative echo chamber starts screaming and Congresscritters fear for their jobs because they might lose in a primary.
 
2013-07-08 03:08:11 PM

jst3p: Dog Welder: tenpoundsofcheese: fta:  Ask yourself the hard question: What, exactly, will bring us back to full employment?

stop demonizing and punishing the job creators would be a start.

they had 4.5 years with that strategy and even Krugman is throwing in the towel.

Over the past decade the "job creators" had the lowest taxes they've had in decades.  The result?  Unemployment DOUBLED and has yet to recover.  Those so-called job creators are sitting on trillions of dollars of corporate earnings and sending jobs to China and India.

But, yes, we need to give them even more tax breaks.

I remember the 80's. I was young but "cut taxes for the wealthiest Americans and it will eventually tickle down" seemed like a reasonable plan. I could see being for it if you were rich and being "meh" if you weren't because it sounded plausible. It amazes me that after thirty years of data showing that it clearly does not work that way people, who aren't wealthy, still think this sounds plausible. Even when confronted with the facts they still hold on to this idea. I can only assume it is because they have no ability or desire to think for themselves.


Fox News and Rush Limbaugh tells them it still works.
 
2013-07-08 03:26:58 PM
The government would have done better giving the citizens the trillions it wasted in the name of stimulus.
 
2013-07-08 04:18:39 PM

SamWaters: The truth is that 80% of the workers who currently have jobs aren't required anymore due to automation.   Today, 650k defense workers were sent home on sequester without impact.  I spend the whole day on FARK and don't do anything at work but surf.  I spend 100% of my time reporting to management on the nothing I'm doing just like the idiots in Congress.

[www.costar.com image 306x306]


We need a new major innovation that requires a bunch of workers.  Sort of like computers in the 80's through today.  However, we need one that does cause all of our existing jobs to become obsolete :)

So someone invent/innovate this new major market.  Make yourself rich and the US prosperous.  Seriously... get to it.
 
2013-07-08 04:19:27 PM
Doh, sugar crash got me.  "Does not cause".
 
2013-07-08 04:52:51 PM

SamWaters: The truth is that 80% of the workers who currently have jobs aren't required anymore due to automation.   Today, 650k defense workers were sent home on sequester without impact.  I spend the whole day on FARK and don't do anything at work but surf.  I spend 100% of my time reporting to management on the nothing I'm doing just like the idiots in Congress.

[www.costar.com image 306x306]


When I was a child in the 1960s, they already knew that automation would lead to a decrease in work hours needed. I remember reading stories about fifteen hour weeks. The odd part was that no one was predicting (at least out loud) a decrease in the standard of living for the people working 15 hours. No, it was assumed that, not unlike what happened with the 40 hour work week, the standard of living would continue to improve across the board. Odd how things work out.
 
2013-07-08 05:39:52 PM
WE HAVE ALL THE WEALTH WE NEED.

We use to to make yachts and realdolls instead of houses and food. because we're farking stupid!

when you get lied to as much as mass media (not msm, but MM) allows, well, damn, reality has nothing to do with it. People  love being poor in america because (like the lottery proves!) it's better to be poorer with a one in 100,000,000 million chance of being rich than to help everyone get by.

idiots.
 
2013-07-08 06:34:55 PM

SuperT: we need some good old fashioned WPA projects. Not only for jobs, job training, etc. but our damn country is falling apart and falling behind.
Rebuild the bridges, Gigabit fiber in every town over 40,000 people, etc.


YAY welfare for the private companies who get those contracts!!
And yah, it would still put people to work. Or some of them.
 
2013-07-08 06:36:51 PM

DeaH: When I was a child in the 1960s, they already knew that automation would lead to a decrease in work hours needed. I remember reading stories about fifteen hour weeks. The odd part was that no one was predicting (at least out loud) a decrease in the standard of living for the people working 15 hours. No, it was assumed that, not unlike what happened with the 40 hour work week, the standard of living would continue to improve across the board. Odd how things work out.


sure
all that left over money trickled up !!
why would anyone assume that the bottom would get anything?

Strangely enough, it might be time to push for the 4 day work week.
Companies could afford it by just cutting the top 1% salaries !
 
2013-07-09 04:46:48 PM
www.ritholtz.com
 
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