09 Aug 09
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
09 Aug 09
Originally posted by KazetNagorraIt will be interesting to see how the familiar fumbling fulminating furious far right fuddy duddies, whose feisty fickleness and fatuousness are so fuelled by this free for all, fool empowering Forum, will fare in the face of this felicitous news. Encouraged? Unconvinced? Deflated? Defiant?
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
09 Aug 09
1 edit
Originally posted by FMFThat was awesome! I am sure glad you didn't have me in mind when you wrote that!🙂
It will be interesting to see how the familiar fumbling fulminating furious far right fuddy duddies, whose feisty fickleness and fatuousness are so fuelled by this free for all, fool empowering Forum, will fare in the face of this felicitous news. Encouraged? Unconvinced? Deflated? Defiant?
09 Aug 09
Originally posted by FMFIs this a line from the new movie "F for FMF"?
It will be interesting to see how the familiar fumbling fulminating furious far right fuddy duddies, whose feisty fickleness and fatuousness are so fuelled by this free for all, fool empowering Forum, will fare in the face of this felicitous news. Encouraged? Unconvinced? Deflated? Defiant?
09 Aug 09
Originally posted by sh76Someone wrote a novel a few years back called "e" that didn't have the letter e in it. How such a jape ever got further than a tipsy and wistful chat in a bar with a publisher, I will never know. It happened during the Clinton administration.
Is this a line from the new movie "F for FMF"?
09 Aug 09
Originally posted by KazetNagorraI think it's a bit of both. Stimulus money has had some effect on the economy. Declining home prices, and low interest rates have helped also.😏
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
09 Aug 09
Originally posted by KazetNagorrasome of the (other) news articles on this topic are honest enough to point out that "the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008", even though 250K net jobs were lost ...
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
BECAUSE: 400K people gave up looking for work.
10 Aug 09
3 edits
Originally posted by KazetNagorraWhat is interesting is that people judge Bush by the last year of his Presidency after being in office for 8 long years. Then at the end the economy collapsed and they blamed Bush for it. Is that a fair assessment?
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
As I have said earlier, very little stimulus money has even been circulated so the question becomes, was this Obama's doing or would it have occured on its own?
Of course, it matters little as to whether Obama had something to do with it or not, what will matter is what will the economy look like come election time!! That is all that will matter. What I am most interested in is seeing how the new cap and trade and/or health care changes effect the economy as well as when the facet of endless free money dries up. Then with inflation worries and higher tax burdens hit and run away deficits the fun will commence!!
10 Aug 09
Originally posted by KazetNagorraSome basic economics explained basically for those that only have a basic understanding:
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
"If you want to understand why “stimulus” programs do not work in the sense of generating economic growth, try the following experiment at home or at your place of business.
Go up to someone and hand them $20 and tell them that by giving them this money, you intend to “stimulate” the local economy. Observe what happens. The recipient now has $20 to spend or do whatever. However, note that you have $20 less to spend. Therefore, there will be no net affect on the local economy. All that has happened is that the recipient has twenty of your dollars to spend on something he wants, and you have $20 less to spend on something you want.
What if you were to borrow the money to give to the person? Would that make a difference? Try it. Borrow $20 from someone you know, and then give it to the recipient again....continued "
http://dougreich.blogspot.com/2009/07/obama-please-try-this-at-home.html
10 Aug 09
Originally posted by WajomaI like that analogy. By borrowing money for handouts it just causes future generations to have less if it is to be paid back at all.
Some basic economics explained basically for those that only have a basic understanding:
"If you want to understand why “stimulus” programs do not work in the sense of generating economic growth, try the following experiment at home or at your place of business.
Go up to someone and hand them $20 and tell them that by giving them this money, you intend ...[text shortened]... continued "
http://dougreich.blogspot.com/2009/07/obama-please-try-this-at-home.html
10 Aug 09
Originally posted by KazetNagorraHow many of those jobs will be there 5 years from now?
US loses fewer jobs than expected
The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show.
With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.
Full article: http://news.bbc.co.uk/2/hi/business/8189506.stm
A sign of recovery? Is the stimulus package working or would this have happened anyway? Discuss.
10 Aug 09
1 edit
Originally posted by voltaireWell according to Obama his stimulus plan will create over half a million jobs. I assume that this is measurable at least in a four year span. Of course, if over half a million jobs are created, can they trace it back to the stimulus plan? That is a whole other thread altogether.
How many of those jobs will be there 5 years from now?