July 2009 Jobs Report
- Thread starter Roman Candle
- Start date
Historically... the Bottom Line.. is that almost nobody can, in the long run.
At the price of enslaving my smallsmallchildren ? Because this money come from the skies ?
If today a baby is born do you know how much debt he is born with ? And I promise you that's not a teacher who will tell him how to make great money... Neither a doctor who will just be able to keep him alive so the doc don't lose his income stream...
The only think that the government should reinforce is the trust ! Honnesty, Incorruptibility, and over everything that it's the citizen who is the ultimate king ! The right to vote on every issue! Don't forget they are still kings in Europe...
And too, the money has to be well spend. Remember we are in a market economy. Every action of your every day life as an impact on it. You ! yes. Everything is more and more marginalised. A little pressure, and boom... So the people who get "free" money ( not only them ) need to spend it well too, but don't know how to... The only one who knows how to spend your money is you !
Losing $1000 instead of $1100 is not a sign of improvement, it is simply less loss. The problem is not improving, not even levelling out.
A so-called "jobless recovery" is a fallacy, a lie. An economy out of recession would be a genuine domestic recovery or replacement of ALL jobs lost, exported, whatever, equal-wage. Nothing less. All other observations of recovery are speculation before the fact. Catching a falling knife remains very painful.
You are wrong. Losing $1000 instead of $1100 is as sign of improvement. Think of the trend. Yes, losing any amount of jobs is not a good thing. But we are not going to get into job growth overnight. This is the process that has to happen. We lose a shitload of jobs (think January) and then the economy recovers so that fewer and fewer jobs are lost. Eventually we get to the point where no jobs are created or lost, and after that comes job growth. The trend in unemployment is bullish.
Some-what bullish Kassz. The laidoff has slowed, but there are also ~400k of folks dropped out of the labor force this month. Another ~600k+ more people into "not working" category. And up ~2 mil of people not working nor looking for job relative to last July. + consumers continue to delever and save. To reach positive GDP, Daddy Obama has to continue to spend.
www.bls.gov