primitives find labor market news unstimulating

[franksolich]

http://demopedia.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5971056

A new bonfire; no primitives have shown up yet to give excuses for Pa Kettle:

cal04  (1000+ posts)        Thu Jul-02-09 08:39 AM
Original message
 
U.S. payrolls down 467,000 in June, rate at 9.5% 

http://www.marketwatch.com/story/us-payrolls-down-46700...

Workers lost jobs at a faster pace in June than in the prior month, the Labor Department said Thursday. Nonfarm payrolls shrank by 467,000 in June higher than the 325,000 decline expected by economists surveyed by MarketWatch and the 322,000 jobs lost in May. The unemployment rate ticked higher to 9.5% in June from 9.4% in the previous month. Economists had expected the unemployment rate to rise to 9.6%. Average hourly earnings were flat at $18.53. Economists had been expecting a 0.2% gain. Earnings are up 2.7% in the past year. The average workweek fell six minutes to 33.0 hours. Hours worked fell 0.8%

BREAKING NEWS: Economy loses 467,000 jobs in June, worse than expected; jobless rate at 9.5%

Jobless rate rises to 9.5 percent

Employers slashed a larger-than-expected 467,000 jobs in June

http://www.msnbc.msn.com/id/31704515/ns/business-stocks... /

SammyWinstonJack  (1000+ posts)        Thu Jul-02-09 08:42 AM
Response to Original message
 
1. Well that should help the economy. FREEFALL!

snappyturtle  (1000+ posts)      Thu Jul-02-09 08:46 AM
Response to Original message
 
2. Did the stimulus packages and Tarps do ANY good or only delay the bad news of a shrinking economy and historic job losses? If the over-all situation isn't better by September, I worry what will happen to our country. I'm not a doom and gloomer by nature. I've always had hope; something in my back pocket that will help. That isn't true anymore.

But I thought having Ma and Pa Kettle in the White House would make it all good.

The primitives promised us.

Statistical  (1000+ posts)      Thu Jul-02-09 08:53 AM
Response to Reply #2
 
3. Bad news is most of the stimulus wasn't stimulus

It simply was what ever Congress wanted to spend and they called it stimulus.

Real stimulus was like got us out of the Depression. TVA, Hoover Dam, building interstate network.

For all the money wasted on "stimulus" we could have done real works.

How about put money aside to wire 10 million homes for solar. Homeowners pay it back over 20 years. Creates a lot of jobs and reduces power demand.

How about building 20-30 major windfarms all across the country?

How about building a new refinery (we are at max capacity and now importing refined gasoline)?

How about real money to repair roads.

How about looking for new interstate links. Take a look at VA out interstate goes up diagonally and the down diagonally. What about a link link along southern VA directly east-west?

I think you get the idea. The stimulus was a bunch of small projects that the budget office even said wouldn't substantially increase employment and most wouldn't even be spent for 2-3 years.

Stimulus has to be VERY BIG or it is worthless. China stimulus was 5x what ours was on a GDP % basis. Now that is stimulus.

As mentioned, this bonfire's just been lit.

I'm sure sooner or later a whole horde of 0bamapologists are going to show up, making excuses.

[The Village Idiot]

What got us out of the depression was reversing most of the New Deal near the end of WW2. DUmmies never get anything right.

[Vagabond]

Just when I thought the Statistical might be a rare sentient DUmmie, he lumps the interstate system in with the TVA and Hoover dam.

[Karin]

Yes, and he had to go all green on us.  Still, I give him credit for his first two sentences. 

Windfarms.  WTF?  In northern NY, they send us all the crazies and criminals to house, then build all these godforsaken windfarms, that look like a SciFi nightmare.  Marching machines intent on destruction.  Why won't Teddy the Swimmer build them in his back yard/ocean view? 

[crockspot]

Yes, and he had to go all green on us.  Still, I give him credit for his first two sentences. 

Windfarms.  WTF?  In northern NY, they send us all the crazies and criminals to house, then build all these godforsaken windfarms, that look like a SciFi nightmare.  Marching machines intent on destruction.  Why won't Teddy the Swimmer build them in his back yard/ocean view? 

I can see some of those windmills from certain points in the Champlain Islands. They look real purty waaaaaay off in the distance.

[franksolich]

What got us out of the depression was reversing most of the New Deal near the end of WW2. DUmmies never get anything right.

I read something interesting the other day.

I already knew this a long time ago, but was reminded.

The British and French economies were humming along by 1935, out of depression.

The American economy was still crippled by 1939--1937 actually being one of the worst years of the depression--and never got out of its funk until the second world war; the unemployment rate during the 1930s being in excess of 10%.

What made the difference?

Other than adding a sixpence or a few centimes to unemployment benefits, such as they were at the time, the British and French governments did nothing, letting things evolve naturally.

In America, the Democrats, liberals, and pre-primitives tried to "fix" things, thus prolonging the economic distress.

"Doing nothing" should always always always be an option to consider, when dealing with a problem.  It's not always the right solution, but it sometimes is.

[Carl]

Statistical  (1000+ posts)      Thu Jul-02-09 08:53 AM
Response to Reply #2
 
3. Bad news is most of the stimulus wasn't stimulus

It simply was what ever Congress wanted to spend and they called it stimulus.

So close to the truth yet still so far away from truly grasping it.

[GOBUCKS]

Yes, and he had to go all green on us.  Still, I give him credit for his first two sentences. 

Windfarms.  WTF?  In northern NY, they send us all the crazies and criminals to house, then build all these godforsaken windfarms, that look like a SciFi nightmare.  Marching machines intent on destruction.  Why won't Teddy the Swimmer build them in his back yard/ocean view? 

But as a result of those "windfarms" electricity in upstate New York is virtually free.
If they added solar, your air conditioner would probably drip dimes.


When used as an adjective for energy, the word "green" means "imaginary".

[BlueStateSaint]

Yes, and he had to go all green on us.  Still, I give him credit for his first two sentences. 

Windfarms.  WTF?  In northern NY, they send us all the crazies and criminals to house, then build all these godforsaken windfarms, that look like a SciFi nightmare.  Marching machines intent on destruction.  Why won't Teddy the Swimmer build them in his back yard/ocean view? 

Aaaah, spoken like a resident of Tug Hill.

[jukin]

When used as an adjective for energy, the word "green" means "imaginary".

YES!

Other translations are: "ten times more expensive", "never be competitive without massive government subsidizes", "will have to have a growth rate of 20,000% to get where greenys mandated them to be>"

No, imaginary works the best.