how long will the recession last?

[acorn54]

i spoke to my neighbor the other day talking about the recession and getting a job and he said to me employers are still laying off and all we can look to is the recession ending in out working years which i put for me at 10 more years.
i thought this was odd that someone would think the recession would last mayber 10 years. but what if he is right, what are the unemployed going to do for money? the government can't keep extending for 10 years ,can it?

[fast4522]

Fact is that every time major shifts towards socialism occur you can add 10 to 15 years of high unemployment to a recession. To tax the man who creates jobs for the average Joe is just counterproductive and filthy, and while doing so sending aid to other country's is treasonous to all who have worked hard.

[JustRalph]

If this idiot Congress and Obammy don't get tossed out this fall.........

It is going to get really bad. And I mean really bad. All bets are off.......

If Bush and Paulson hadn't handed off the "Stimulus" idea to the current dweebs we would be through all this shit by now. Bush and Paulson just encouraged them to continue. Keynesian's were laying in wait and Bush enabled it.

GM would be a gazillion times less rich, the banks would be cut in half and we might be starting our way out by now. All they have done is prolong the pain and spend 15 Trillion dollars of money that came out of thin air.

Btw, as bad as it is..........at least 20 million bucks in very nice boats floated past my house in the last 3 days partying up a storm.......but remember, a ton of these people work in Washington D.C. ..........you know.....where they have been adding jobs for the last 3 yrs............ :bang:

[GameTheory]

Exactly. It should have been over already. It will last as long as they care to drag it out with interventions that make it worse.

[boxcar]

If this idiot Congress and Obammy don't get tossed out this fall.........

It is going to get really bad. And I mean really bad. All bets are off.......

If Bush and Paulson hadn't handed off the "Stimulus" idea to the current dweebs we would be through all this shit by now. Bush and Paulson just encouraged them to continue. Keynesian's were laying in wait and Bush enabled it.

GM would be a gazillion times less rich, the banks would be cut in half and we might be starting our way out by now. All they have done is prolong the pain and spend 15 Trillion dollars of money that came out of thin air.

Btw, as bad as it is..........at least 20 million bucks in very nice boats floated past my house in the last 3 days partying up a storm.......but remember, a ton of these people work in Washington D.C. ..........you know.....where they have been adding jobs for the last 3 yrs............ :bang:

Unfortunately, BO will not get tossed out this coming election. But the 64 Trillion Dollar question is will the Repugs be smart enough to win a slew of seats? And maybe even the better question is will the voters vote out the establishment? But even if the voters do, I have little confidence in the Party of Stupid. Case in point: I betcha the Repugs will rubber stamp the Kagan Obamanot right into the SC. This would tell me: THEY STILL DON'T GET IT! :bang: :bang: They do not and ,indeed, will not to put their hands on the pulse of their supporters. Now, how stupid is that!? :rolleyes:

Boxcar

[Tom]

We had better start sucking up to Greece.

[mostpost]

Fact is that every time major shifts towards socialism occur you can add 10 to 15 years of high unemployment to a recession. To tax the man who creates jobs for the average Joe is just counterproductive and filthy, and while doing so sending aid to other country's is treasonous to all who have worked hard.
Fact is your "fact" is not a fact at all. Two programs which you would consider "Socialism" are Social Security and Medicare. I know that you consider everything from public education to OSHA as socialism, but I'm using a realistic definition.
So let us start by looking at Social Security. SS passed and was signed in August 1935. Here are the unemployment rates before and after.
http://www.infoplease.com/ipa/A0104719.html
1932 23.6
1934 21.7
1936 16.9
1938 19.0
1940 14.6
1942 4.7%

Unemployment was at its highest during the do nothing policies of the Republicans. When Roosevelt initiated the so-called "Socialist" policies of the New Deal the began to come down, dropping nearly 25% between 1934 and 1936. Unemployment went up in 1938 because Roosevelt listened to the Republicans, (Never, ever listen to Republicans) and tried to balance the budget instead of continuing the stimulus spending. My opinion is had he continued the stimulus spending the numbers in 1938 and 1940 would have been much lower.

Second, we have Medicare, passed in 1965. Here is a link to the unemployment rates from before and after.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1960 5.2 4.8 5.4 5.2 5.1 5.4 5.5 5.6 5.5 6.1 6.1 6.6
1961 6.6 6.9 6.9 7.0 7.1 6.9 7.0 6.6 6.7 6.5 6.1 6.0
1962 5.8 5.5 5.6 5.6 5.5 5.5 5.4 5.7 5.6 5.4 5.7 5.5
1963 5.7 5.9 5.7 5.7 5.9 5.6 5.6 5.4 5.5 5.5 5.7 5.5
1964 5.6 5.4 5.4 5.3 5.1 5.2 4.9 5.0 5.1 5.1 4.8 5.0
1965 4.9 5.1 4.7 4.8 4.6 4.6 4.4 4.4 4.3 4.2 4.1 4.0
1966 4.0 3.8 3.8 3.8 3.9 3.8 3.8 3.8 3.7 3.7 3.6 3.8
1967 3.9 3.8 3.8 3.8 3.8 3.9 3.8 3.8 3.8 4.0 3.9 3.8
1968 3.7 3.8 3.7 3.5 3.5 3.7 3.7 3.5 3.4 3.4 3.4 3.4
1969 3.4 3.4 3.4 3.4 3.4 3.5 3.5 3.5 3.7 3.7 3.5 3.5
1970 3.9 4.2 4.4 4.6 4.8 4.9 5.0 5.1 5.4 5.5 5.9 6.1
1971 5.9 5.9 6.0 5.9 5.9 5.9 6.0 6.1 6.0 5.8 6.0 6.0
1972 5.8 5.7 5.8 5.7 5.7 5.7 5.6 5.6 5.5 5.6 5.3 5.2
1973 4.9 5.0 4.9 5.0 4.9 4.9 4.8 4.8 4.8 4.6 4.8 4.9
1974 5.1 5.2 5.1 5.1 5.1 5.4 5.5 5.5 5.9 6.0 6.6 7.2
1975 8.1 8.1 8.6 8.8 9.0 8.8 8.6 8.4 8.4 8.4 8.3 8.2
1976 7.9 7.7 7.6 7.7 7.4 7.6 7.8 7.8 7.6 7.7 7.8 7.8
1977 7.5 7.6 7.4 7.2 7.0 7.2 6.9 7.0 6.8 6.8 6.8 6.4
1978 6.4 6.3 6.3 6.1 6.0 5.9 6.2 5.9 6.0 5.8 5.9 6.0
1979 5.9 5.9 5.8 5.8 5.6 5.7 5.7 6.0 5.9 6.0 5.9 6.0
1980 6.3 6.3 6.3 6.9 7.5 7.6 7.8 7.7 7.5 7.5 7.5 7.2
1981 7.5 7.4 7.4 7.2 7.5 7.5 7.2 7.4 7.6 7.9 8.3 8.5
As anyone can see, unemployment rates were considerably lower during the five years following passage of Medicare than they were in the five years preceeding passage. It was only after five or six years, under a republican administration, that rates began to rise.

Your statement is totally false.

[fast4522]

No I do not, I equate every single red penny spent on those who did not pay into the system as a waste. To take away from the seniors and give to those folks who just landed here is filthy plain and simple. Most your filth is plain and simple, your math does not add for squat, it says divide up the pie until there is no pie left for those who contributed to it. I view you folks as the devil incarnate and who's disease is worse than aids or the bubonic plague that will undermine everything good about the American Dream.

[Native Texan III]

Our debt is now over 50% owned by overseas countries. That is a huge burden in interest repayments alone and a stop on inflating the currency or the foreign debt pulls out as well as robbing our own savers. The Europeans are talking of 10-20 years of stagnation and most of them have less debt than us. With an 80% consumer based economy the consumers have to have some confidence in a better future to spend today - things won't feel better until they are better. Most of the past spend has been borrowed from abroad so that we can import cheap Chinese goods that put our own factories out of work.

Foreign aid does come with strings and the receiver country buys US products with it that keeps at least some US factories going.

With even the high tech companies like Apple, Dell, HP getting everything designed and built in China for slave wages we need to get some new industries going and fast.

[RaceBookJoe]

To start out, i am not an economist, i never try to predict the future but just react to whats happening, and i dont have a big university degree unless you give me credit for my Masters from UHK..the University of Hard Knocks, but i did sleep at a Holiday Inn Express once :) Here is how i see ( not predict ) things playing out.

The white house is telling me the economy is strengthening, but I'm not buying it. The job numbers are horrible and most likely not going to get better for years. Consumers arent happy by the numbers. Debt is jumping higher and stimulus money is running out ( about to ask for more ). To me though here is what worries me. Usually a recession could be helped/fixed by lowering interest rates...unfortunately that bottle is empty. Maybe the money printing machine will have to get fired up again. Hopefully we can hang on before we get downgraded from AAA status, or as already happening...China stops buying our debt.

With consumer confidence low, no jobs/income, household debt very high...people done have much money to fuel the economy. The last run up was because people borrowed their way through...cant do that anymore. With unemployment benefits ending soon things will get tight for a lot of folks. We have 40M Americans on food stamps which is up 21% from last year and 46% of the currently unemployed hav been out of work over 6 months.

Once the tax credits ended for both autos and homes...sales took a dump. Bush tax cuts end 1/1/11 making already money-crunched wallets hurt a bit more..and hit the economy hard. The highest dividend tax rate jumps from 15% to 39.6%, capital gains from 15% to 20% , and estate taxs shoot from nothing to 55% !!!! We may hate the rich from time to time, but they do pump a lot of money into the economy but that may or may not slow, we will see.

One more biggie : I dont wee how the housing market can avoid a double dip with the Option ARM resets. With billions in ARM's getting ready to be reset soon..it wont be as bad as the subprime...it will be worse. Lenders created these ARMs with teaser features for borrowers, which included making lower minimum payments for the first few years before the loan reset to a higher payment schedule. If that wasnt bad enough, there was another feature called " negative ammortization " which means you werent paying back any principal. Actually your loan balance increased. Every time you made a payment, you owed the bank more. THESE are the loans that allowed people to buy houses they couldnt otherwise afford.

BOA, JPM and WF are in for a rough ride, especially with somewhere around $750B in ARMs getting ready to reset. Foreclosures are expected to reach 4.5M this year, up from 2.8 in 2009. There are 11M homes underwater, 2.3M with less than 5% equity, 2M vacant homes ready to be sold , and 7M which are deliquent on the loans. Not trying to be pessimistic, but what is out there is looking scary. keep your eyes open. rbj

[mostpost]

No I do not, I equate every single red penny spent on those who did not pay into the system as a waste. To take away from the seniors and give to those folks who just landed here is filthy plain and simple. Most your filth is plain and simple, your math does not add for squat, it says divide up the pie until there is no pie left for those who contributed to it. I view you folks as the devil incarnate and who's disease is worse than aids or the bubonic plague that will undermine everything good about the American Dream.
You seem to have a great fascination with the word "filth". Are we talking politics or pornography?
You are the typical conservative poster. You make a statement that is clearly incorrect. i.e. shifts toward socialism are always followed by ten to fifteen years of high unemployment. When I point out (with proof), the fallacy of your statement, you come back with the statement that you are opposed to taking money from seniors and giving it to immigrants. What?!?!?

That has nothing to do with the subject. And the fact that you view those who disagree with you as the devil incarnate is just filthy.

[JustRalph]

Mosty,,,,,what you fail to realize about the unemployment rate going down when Roosevelt pulled his shenanigans is that all those "jobs" were created by the Government........ WPA and more. They weren't real jobs? They were made up out of thin air. The same crap Obama is trying to pull with his "stimulus"

It just prolongs the pain. And adds debt. Eventually we all have to pay the piper......and the piper might be holding a A rifle and a Chinese Army Uniform, and asking for their money back. Did you ever consider that?

FDR did nothing but prolong the pain, delay a "real" recovery and we are making the same mistakes again.......... :bang:

[mostpost]

Mosty,,,,,what you fail to realize about the unemployment rate going down when Roosevelt pulled his shenanigans is that all those "jobs" were created by the Government........ WPA and more. They weren't real jobs? They were made up out of thin air. The same crap Obama is trying to pull with his "stimulus"

It just prolongs the pain. And adds debt. Eventually we all have to pay the piper......and the piper might be holding a A rifle and a Chinese Army Uniform, and asking for their money back. Did you ever consider that?

FDR did nothing but prolong the pain, delay a "real" recovery and we are making the same mistakes again.......... :bang:
Ralphie,,,,, we've had this argument before....a thousand times. A job is a job. Private sector or public sector, it's a way for people to earn money. During Roosevelt's time the WPA built roads, built public buildings, built libraries, repaired schools and in general upgraded our country's infrastructure. In doing so, WPA provided a salary for people who would not have had one otherwise.

You say it prolongs the pain, but I see where unemployment dropped from 23.6% in 1932 to 14.6% in 1940 a difference of 38%. Here is a link to the economy of the 1930s:
http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=1930&LastYear=1940&3Place=N&Update=Update&JavaBox=no
In every case the economy is better during the New Deal than during the Hoover Administration....Much Better
Take particular note of line 7 Gross Private Domestic Investment) and compare it to line 21 (Government Consumption Expenditures and Gross investment). In 1934 private investment increased by 80.6% while government investment and expeditures increased by 12.6%. In 1935 private investment increased 85.2% whereas Government expenditures and investment increased by only 2.7%. Government primed the pump; it provided jobs to people so those people could have money to spend. When they began spending that money, the private sector began investing in their businesses. It's really quite simple but somehow impoosible for you to understand.

Perhaps you can provide example of how cutting taxes and leaving business alone has stopped a recession. Maybe something from the Hoover Administration when unemployment went from 8% to 23%. Or from Reagan's presidency where we frequently had double digit unemployment.

We won't even talk about Bush II. Wouldn't want to upset PA.

[newtothegame]

Ralphie,,,,, we've had this argument before....a thousand times. A job is a job. Private sector or public sector, it's a way for people to earn money. During Roosevelt's time the WPA built roads, built public buildings, built libraries, repaired schools and in general upgraded our country's infrastructure. In doing so, WPA provided a salary for people who would not have had one otherwise.

You say it prolongs the pain, but I see where unemployment dropped from 23.6% in 1932 to 14.6% in 1940 a difference of 38%. Here is a link to the economy of the 1930s:
http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=1930&LastYear=1940&3Place=N&Update=Update&JavaBox=no
In every case the economy is better during the New Deal than during the Hoover Administration....Much Better
Take particular note of line 7 Gross Private Domestic Investment) and compare it to line 21 (Government Consumption Expenditures and Gross investment). In 1934 private investment increased by 80.6% while government investment and expeditures increased by 12.6%. In 1935 private investment increased 85.2% whereas Government expenditures and investment increased by only 2.7%. Government primed the pump; it provided jobs to people so those people could have money to spend. When they began spending that money, the private sector began investing in their businesses. It's really quite simple but somehow impoosible for you to understand.

Perhaps you can provide example of how cutting taxes and leaving business alone has stopped a recession. Maybe something from the Hoover Administration when unemployment went from 8% to 23%. Or from Reagan's presidency where we frequently had double digit unemployment.

We won't even talk about Bush II. Wouldn't want to upset PA.

No, mosty, a job is not a job in the sense of who pays for that job. Thats the part you fail or just do NOT want to talk about. In the private sector, jobs are paid for by money that the private sector earns through sales of goods or services. In the Public sector, jobs are paid for by those in the PRivate sector in the form of taxes. The more public jobs you create, the more taxes needed to pay for said jobs. Its not a difficult arguement mosty....

And if you think not, just answer one question......
Where does the money ultimately come from to pay for public sector jobs versus private sector?????

[Robert Goren]

Those jobs that were created by FDR may or may not been real, but the stuff they created was real. I went to a grade school in a building built by the WPA. The landscape was full of things built by the WPA when I was a kid. There was hardly anything around built during the 1920s although there were things built in 1910s. Most of all of it is gone now. The thing that gripes me the most about a street that being rebuilt with stimulus funds is how few workers are being used. It need resurfaced 10 years ago, so doing it is not the problem. I drive by it twice a week and have never seen more than 5 people working on it. It has been torn up since April. If they had 20 people working on it would have been done by now and they could be working on another a street. There is no shortage of streets in this town that need work.

[lamboguy]

the recession will probably last about another 36 years the way i see it

[Robert Goren]

No, mosty, a job is not a job in the sense of who pays for that job. Thats the part you fail or just do NOT want to talk about. In the private sector, jobs are paid for by money that the private sector earns through sales of goods or services. In the Public sector, jobs are paid for by those in the PRivate sector in the form of taxes. The more public jobs you create, the more taxes needed to pay for said jobs. Its not a difficult arguement mosty....

And if you think not, just answer one question......
Where does the money ultimately come from to pay for public sector jobs versus private sector????? Actually most "private" sector jobs these days are getting some of their funding from the government directly or indirectly or are providing services to people who do. It is pretty hard to find a job that is not connected to some level of government in someway.

[JustRalph]

It is pretty hard to find a job that is not connected to some level of government in someway.

Where do you come off with some of this stuff ?

Government Employees make up less than 8 percent of Jobs in this country.

Now, how you define "connected" I don't know. But your statement is way off base. How in the world you came up with that, I don't know.

Unless Government connected means, overtaxed......then we agree

[mostpost]

No, mosty, a job is not a job in the sense of who pays for that job. Thats the part you fail or just do NOT want to talk about. In the private sector, jobs are paid for by money that the private sector earns through sales of goods or services. In the Public sector, jobs are paid for by those in the PRivate sector in the form of taxes. The more public jobs you create, the more taxes needed to pay for said jobs. Its not a difficult arguement mosty....

And if you think not, just answer one question......
Where does the money ultimately come from to pay for public sector jobs versus private sector?????
In both cases the money comes from me................................................ ............... and maybe a little from you. :lol:

[PaceAdvantage]

We won't even talk about Bush II. Wouldn't want to upset PA.WTF would you even go there? Have I even been a part of this thread?

[mostpost]

Where do you come off with some of this stuff ?

Government Employees make up less than 8 percent of Jobs in this country.

Now, how you define "connected" I don't know. But your statement is way off base. How in the world you came up with that, I don't know.

Unless Government connected means, overtaxed......then we agree

I'm confused.You say government is out of control. Then you say Government employees make up less than 8% of jobs in this country. I was on a cruise once (Antarctica) there was about one crew member for every two passengers.

[mostpost]

WTF would you even go there? Have I even been a part of this thread?
Because I can remenber approximately 4,565,281 times that you have complained about people picking on Bush over the eight years of his presidency. Approximately.

You are so easy. ;) ;) ;)

[newtothegame]

In both cases the money comes from me................................................ ............... and maybe a little from you. :lol:

Difference is in the private sector, you have a CHOICE to buy or not...you have NO choice in taxes!!!

[JustRalph]

I'm confused.You say government is out of control. Then you say Government employees make up less than 8% of jobs in this country.

yep, government is out of control. But that has nothing to do with someone stating that It is pretty hard to find a job that is not connected to some level of government in someway.

That 8 percent rules with the force of law over the other 92 percent.

Sometimes I enjoy these little debates........but some people are so hard headed.

[Lefty]

mosty, if a job is a job, then by your theory, we could ALL work for the Govt
and have 100% employment.
I don't think so mosty.

[fast4522]

I say if you want to talk of Bush II do so, it will not change the fact that it is vial and disgusting to take from the middle class people who have paid into a system and give it out like party cake. Socialism is not worth defending, Kennedy, Byrd and others soon that espouse such wealth redistribution will be in the minority or no longer living. The pain will be left to pay for, by a bunch of fools with their faulty disgusting plan to collapse the The United States Constitution and Capitalism and turn it upside down. I find you and your like rotten to the core and thus my use of the word filth because it is the word in the English dictionary that fits the best.

[Robert Goren]

Where do you come off with some of this stuff ?

Government Employees make up less than 8 percent of Jobs in this country.

Now, how you define "connected" I don't know. But your statement is way off base. How in the world you came up with that, I don't know.

Unless Government connected means, overtaxed......then we agree You forget all the the "private sector" jobs provided by government contractors. Companies like Boeing who do some private sector, but a huge part of their business comes from the government. Then there are businesses like one own by a friend of mine who runs a coffee shop near the city offices. 90% of his business comes from government employees. A former boss runs a company that installs and fixes parking equipment. Almost all of his business comes from the government or government contractors. His company company has 10 full time employees and maybe a couple of hundred people that he has on call across the midwest. It is really hard to find a business that nevers sells to the government or its employees. For good or bad, the government is part of the customer base for the "private sector".

[jballscalls]

You forget all the the "private sector" jobs provided by government contractors. Companies like Boeing who do some private sector, but a huge part of their business comes from the government. Then there are businesses like one own by a friend of mine who runs a coffee shop near the city offices. 90% of his business comes from government employees. A former boss runs a company that installs and fixes parking equipment. Almost all of his business comes from the government or government contractors. His company company has 10 full time employees and maybe a couple of hundred people that he has on call across the midwest. It is really hard to find a business that nevers sells to the government or its employees. For good or bad, the government is part of the customer base for the "private sector".

agree with this. I have a friend who's entire business is based on Government contracts and making bids on them. He was thrilled when the stimulus came out, even as a conservative, just because he knew for the time being he was going to be in fat city, but as expected, things will slow sooner than later.

I'm shocked at how much the gov't is involved in everything. For instance, just for us to do a promotion and give away some free betting vouchers to our players on July 4th, i had to get approval from not just the HBPA, but also the friggin racing commission. We have to get state approval to give away our own money (which is actually the players money to start with)

[boxcar]

mosty, if a job is a job, then by your theory, we could ALL work for the Govt
and have 100% employment.
I don't think so mosty.

According to Pelosi, we could. She said recently that everyone's unemployment checks stimulate the economy. If this is true, why shouldn't we all become gainfully unemployed? :rolleyes: :rolleyes:

Boxcar

[boxcar]

How do you like your ice cream cones? Single Dip or Double Dip portions? Recessions, too, come in these two styles.

There are 8 ways we could enter into a Double Dip one. Read all about them.

http://finance.yahoo.com/news/8-Problems-That-Could-Trigger-usnews-2034065513.html?x=0

Boxcar

[acorn54]

as far as the economy and government, back in 1992 when i was taking macroeconomics, the textbooks and professors said that the government is one -third of the economy, maybe things have changed, but that is a good chunk of the economy.

[Native Texan III]

CIA USA World Factbook

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $46,400. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace.

80% are in services so do not actually produce anything.
Labor force - by occupation (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2048):
farming, forestry, and fishing: 0.7%
manufacturing, extraction, transportation, and crafts: 20.3%
managerial, professional, and technical: 37.3%
sales and office: 24.2%
other services: 17.6%
note: figures exclude the unemployed (2009)
Unemployment rate (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2129):
9.3% (2009 est.)
country comparison to the world: 111 (http://../rankorder/2129rank.html?countryName=United States&countryCode=us&regionCode=na&rank=111#us)5.8% (2008 est.)
Population below poverty line (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2046):
12% (2004 est.)

[JustRalph]

Ralphie,,,,, we've had this argument before....a thousand times. A job is a job. Private sector or public sector, it's a way for people to earn money. During Roosevelt's time the WPA built roads, built public buildings, built libraries, repaired schools and in general upgraded our country's infrastructure. In doing so, WPA provided a salary for people who would not have had one otherwise.

Now what is Obama going to do when his short term jobs expire this year ? Spend another 255k per job a year, again? Remember a Job is a job, even if the money is printed out of thin air....and can't last!!!

See the link below for info:

Expect lots of government layoffs at state, local level
http://i.usatoday.net/_common/_images/usat_logo2.gif
Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody's Economy.com.

http://www.usatoday.com/money/economy/employment/2010-07-06-jobs06_ST_N.htm

[fast4522]

McGovernics never had a clue ever of what makes this country tick. The European model that they have chased has never worked on this earth ever. To copy a failed system is insatiably forever. Some will suggest why I gave myself Fast4522 when I just do not get something, when in fact I do. I just do not dance to anyone else who says the have the beat. Fact is when Teddy went for the long dirt nap I did a jig and I am not even Irish. What will return our company's to stability and in turn jobs for the average Joe six pack is to forget this global crapola and let the taxes be less than 80% of all industrial country's. Thats right, cheat with less taxes in exchange for real jobs here. No deals with the new world order or the Bilderburgers. Real simple "You want it come get it"

[kingfin66]

agree with this. I have a friend who's entire business is based on Government contracts and making bids on them. He was thrilled when the stimulus came out, even as a conservative, just because he knew for the time being he was going to be in fat city, but as expected, things will slow sooner than later.

I'm shocked at how much the gov't is involved in everything. For instance, just for us to do a promotion and give away some free betting vouchers to our players on July 4th, i had to get approval from not just the HBPA, but also the friggin racing commission. We have to get state approval to give away our own money (which is actually the players money to start with)

So, if the friggin racing commission did not preside over the horse racing industry in Washington would you feel comfortable that all the industry types and horsemen who you know would play by the rules and act in an ethical manner?

[Hanover1]

So, if the friggin racing commission did not preside over the horse racing industry in Washington would you feel comfortable that all the industry types and horsemen who you know would play by the rules and act in an ethical manner?

I see zero corelation between current administration and horsemens groups as a whole.....a cheap shot at our sport imo.

[lamboguy]

Now what is Obama going to do when his short term jobs expire this year ? Spend another 255k per job a year, again? Remember a Job is a job, even if the money is printed out of thin air....and can't last!!!

See the link below for info:

Expect lots of government layoffs at state, local level
http://i.usatoday.net/_common/_images/usat_logo2.gif
Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody's Economy.com.

http://www.usatoday.com/money/economy/employment/2010-07-06-jobs06_ST_N.htm
expect alot of municipal bond defaults as well

[Robert Goren]

I see zero corelation between current administration and horsemens groups as a whole.....a cheap shot at our sport imo.What have you been smoking?

[JustRalph]

expect alot of municipal bond defaults as well

I didn't even think of that one........... makes sense though

[kingfin66]

I see zero corelation between current administration and horsemens groups as a whole.....a cheap shot at our sport imo.

I suppose you could ask the industry insider who complained about the commission is. It was he who used the example.

[boxcar]

I'm confused.You say government is out of control. Then you say Government employees make up less than 8% of jobs in this country. I was on a cruise once (Antarctica) there was about one crew member for every two passengers.

And your point is? :rolleyes: :rolleyes: :rolleyes: :rolleyes:

Boxcar

[boxcar]

Now what is Obama going to do when his short term jobs expire this year ? Spend another 255k per job a year, again? Remember a Job is a job, even if the money is printed out of thin air....and can't last!!!

See the link below for info:

Expect lots of government layoffs at state, local level
http://i.usatoday.net/_common/_images/usat_logo2.gif
Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody's Economy.com.

http://www.usatoday.com/money/economy/employment/2010-07-06-jobs06_ST_N.htm

Pelosi must be licking her chops (or choppers) in eager anticipation of this -- just so she can brag how how Dems have stimulated the economy with a gazillion unemployment checks. :rolleyes:

Boxcar

[Bettowin]

The recession will be over when Obama says it is over. The announcement will be coming soon:)

[lamboguy]

CIA USA World Factbook

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $46,400. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace.

80% are in services so do not actually produce anything.
Labor force - by occupation (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2048):
farming, forestry, and fishing: 0.7%
manufacturing, extraction, transportation, and crafts: 20.3%
managerial, professional, and technical: 37.3%
sales and office: 24.2%
other services: 17.6%
note: figures exclude the unemployed (2009)
Unemployment rate (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2129):
9.3% (2009 est.)
country comparison to the world: 111 (http://../rankorder/2129rank.html?countryName=United States&countryCode=us&regionCode=na&rank=111#us)5.8% (2008 est.)
Population below poverty line (http://../docs/notesanddefs.html?countryName=United States&countryCode=us&regionCode=na#2046):
12% (2004 est.)
there is a good reason for this. kids now go to unniversity's more than they ever did. so when they get out of school they want to have what they call "a meaningfull job". no one wants to do production or factory work, but the people over in the orient, india and south america and soon to be africa don't mind the work, so the work went there. there is no stimulous package or bailout that are going to get lazy people to work.

with all this college you wound up with to many lawyers that need to create work and doctor's looking for business that don't have a clue how to help a single patient

when idle minds begin to wander you get problems, that is where we are today.