~90% of new jobs created are Part-Time Jobs.

[Tsing Tao]

Quote from achilles28:

............back on topic.

America added 270K net new full-time jobs over the course of nearly 5 years.

270K is a mediocre print for ONE MONTH. We're talking ~5 years here!!!

This is after the Treasury borrowed and spent nearly 6 TRILLION dollars to boost the economy.

This is how weak the economy is folks.

Throw up straight for 6 months, or be nauseous for 20 years.

 

[achilles28]

Quote from Tsing Tao:

Throw up straight for 6 months, or be nauseous for 20 years.

Sure. The numbers belie the gigantic hole in this economy the Government unsuccessfully tried to fill with debt.

The jobs are gone. Mostly via offshoring. When America can borrow no longer, we're in for something much much worse than 2008.

 

[Tsing Tao]

Quote from achilles28:

Sure. The numbers belie the gigantic hole in this economy the Government unsuccessfully tried to fill with debt.

The jobs are gone. Mostly via offshoring. When America can borrow no longer, we're in for something much much worse than 2008.

I wasn't trying to be cryptic. I've been saying that for a long time now, how the economy should have been left to crash, and then clean itself of the cancer once and for all. If debt was wiped out, we could have begun anew. Sure, it would have been real painful, but instead, we'll just kick the can trying to draw it out as we limp along for decades until it finally hits the end of the road.

 

[achilles28]

Quote from Tsing Tao:

I wasn't trying to be cryptic. I've been saying that for a long time now, how the economy should have been left to crash, and then clean itself of the cancer once and for all. If debt was wiped out, we could have begun anew. Sure, it would have been real painful, but instead, we'll just kick the can trying to draw it out as we limp along for decades until it finally hits the end of the road.

I'm in full agreement. Separating cause and effect, and postponing consequences is a real bad move. But that's the road our politicians and voters have opted. I think Americans are gunna be real shocked to discover the new normal is a 30% pay cut.

 

[Ricter]

Quote from achilles28:

............back on topic.

America added 270K net new full-time jobs over the course of nearly 5 years.

270K is a mediocre print for ONE MONTH. We're talking ~5 years here!!!

This is after the Treasury borrowed and spent nearly 6 TRILLION dollars to boost the economy.

This is how weak the economy is folks.

70% of GDP is the populace buying and selling to each other, so I guess they're broke. But if the banks had been allowed to fail then consumers wouldn't be broke.

 

[achilles28]

Quote from Ricter:

70% of GDP is the populace buying and selling to each other, so I guess they're broke. But if the banks had been allowed to fail then consumers wouldn't be broke.

They'd be broke(r), regardless. Not much can change that now

 

[achilles28]

Quote from Lucrum:

It's all part of Obama's plan.

Thats fucked up

 

[Ricter]

Quote from achilles28:

Thats fucked up

If it's real, it's called studying.


The Post-American World (Paperback)
by Fareed Zakaria (Author)

“Zakaria . . . may have more intellectual range and insights than any other public thinker in the West.” —Boston Sunday Globe

“This is not a book about the decline of America, but rather about the rise of everyone else.” So begins Fareed Zakaria’s blockbusting bestseller on the United States in the twenty-first century. How can Americans understand this rapidly changing international climate, and how might the nation continue to thrive in a truly global era? Zakaria answers these questions with his customary lucidity, insight, and imagination.

http://www.amazon.com/The-Post-American-World-Fareed-Zakaria/dp/0393334805

 

[Lucrum]

Quote from Ricter:

If it's real, it's called studying.


The Post-American World (Paperback)
by Fareed Zakaria (Author)

“Zakaria . . . may have more intellectual range and insights than any other public thinker in the West.” —Boston Sunday Globe

“This is not a book about the decline of America, but rather about the rise of everyone else.” So begins Fareed Zakaria’s blockbusting bestseller on the United States in the twenty-first century. How can Americans understand this rapidly changing international climate, and how might the nation continue to thrive in a truly global era? Zakaria answers these questions with his customary lucidity, insight, and imagination.

http://www.amazon.com/The-Post-American-World-Fareed-Zakaria/dp/0393334805

"That is really important work, I'm glad you're spending your days on it."

 

[Grandluxe]

Obama's dream= A nation of burger flippers!