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Forums - General - U.S. Jobless Rate Climbs to 8.9 Percent

Well the news isn't as bad as it might have been, which is a good thing. Along with this Australia got it's newest unemployment figures yesterday which have been predicted to get steadily worse over the next year or so. The unemployment rate dropped from 5.7%-5.4%, the government was so genuinely surprised that they didn't even bother to talk it up and the opposition didn't put any negative spin on the story.



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Bitmap Frogs said:
@montana

Your analogy isn't valid, because the recession will end. As all recessions, this one has phases. You can mock it but if may jobless claims follow april's trend, it'll mean we are moving onto the next step. We won't have a definite confirmation until July tho, once this quarter's GDP get published.

Well, duh. Perhaps I shouldn't have emphasized "terminal" cancer, but even if we recover from the recession, we will have been permanently harmed by it. And for all we know, next quarter the job losses could enter another violent tailspin and a lot of people could look pretty stupid. I'll wait for significant results before passing judgment.

 



 

 

MontanaHatchet said:
Bitmap Frogs said:
@montana

Your analogy isn't valid, because the recession will end. As all recessions, this one has phases. You can mock it but if may jobless claims follow april's trend, it'll mean we are moving onto the next step. We won't have a definite confirmation until July tho, once this quarter's GDP get published.

Well, duh. Perhaps I shouldn't have emphasized "terminal" cancer, but even if we recover from the recession, we will have been permanently harmed by it. And for all we know, next quarter the job losses could enter another violent tailspin and a lot of people could look pretty stupid. I'll wait for significant results before passing judgment.

 

 

What? Do you really think this is the recession to end all recessions and bring down the system? Of course we'll recover - that's the way things work. 

Anyways, still three months to go until the GDP gets reported.

 





Current-gen game collection uploaded on the profile, full of win and good games; also most of my PC games. Lucasfilm Games/LucasArts 1982-2008 (Requiescat In Pace).

Bitmap Frogs said:
MontanaHatchet said:
Bitmap Frogs said:
@montana

Your analogy isn't valid, because the recession will end. As all recessions, this one has phases. You can mock it but if may jobless claims follow april's trend, it'll mean we are moving onto the next step. We won't have a definite confirmation until July tho, once this quarter's GDP get published.

Well, duh. Perhaps I shouldn't have emphasized "terminal" cancer, but even if we recover from the recession, we will have been permanently harmed by it. And for all we know, next quarter the job losses could enter another violent tailspin and a lot of people could look pretty stupid. I'll wait for significant results before passing judgment.

 

 

What? Do you really think this is the recession to end all recessions and bring down the system? Of course we'll recover - that's the way things work. 

Anyways, still three months to go until the GDP gets reported.

 

Three cheers for interpreting statements in the wrong way! Cheer one, cheer two, cheer...three! Even when the recession is over, a lot of countries will have more debt and a higher deficit.

 



 

 

MontanaHatchet said:
Bitmap Frogs said:

What? Do you really think this is the recession to end all recessions and bring down the system? Of course we'll recover - that's the way things work. 

Anyways, still three months to go until the GDP gets reported.

 

Three cheers for interpreting statements in the wrong way! Cheer one, cheer two, cheer...three! Even when the recession is over, a lot of countries will have more debt and a higher deficit.

 

 

You are frisky today...

So, the debt. Increasing deficit and debt has been the standard procedure used by governments... what makes it different this time?





Current-gen game collection uploaded on the profile, full of win and good games; also most of my PC games. Lucasfilm Games/LucasArts 1982-2008 (Requiescat In Pace).

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MontanaHatchet said:

"You have terminal cancer, but you're now dying slightly less slowly."

"This calls for a celebration!!!!"

That's roughly what we're looking at. I suck at analogies (I've been told this many times), but I thought I'd have fun with that one.

 

The problem with that analogy is the same problem with how this news is presented. That analogy means that on one day, you thought you had.. say 100 days to live. The next time you went to the doctor, he told you that you had 150 days to live.

That's actually good news. You gained 50 days. This would be the same here as unemployment going down, but not being back to the level it should be.

 

The real analogy here would be you go to the doctor the first time, and he tells you that you have 300 days to live. You come back the next day, and he says 200, then you come back the next day, and he says 150.

Then try and tell yourself 150 days is good, because the trend had you expecting him to say 100 days. No, it's not good. You lost 50 days from the day before. Your still dying faster, just the days you loose each visit is slowing down.



No surprise, years of unwise immigration policy has produced this problem.
Expel illiegal immigrants, curb legal immigration, and unemployment will go down.



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire

Tyrannical said:
No surprise, years of unwise immigration policy has produced this problem.
Expel illiegal immigrants, curb legal immigration, and unemployment will go down.

 

Let's see.

The government of the USA (including washingtong, states, town halls, etc) can't find and catch all criminals. You want it to find and catch all immigrants? It's beyond the realm of possibilities.





Current-gen game collection uploaded on the profile, full of win and good games; also most of my PC games. Lucasfilm Games/LucasArts 1982-2008 (Requiescat In Pace).

Bitmap Frogs said:
Tyrannical said:
No surprise, years of unwise immigration policy has produced this problem.
Expel illiegal immigrants, curb legal immigration, and unemployment will go down.

 

Let's see.

The government of the USA (including washingtong, states, town halls, etc) can't find and catch all criminals. You want it to find and catch all immigrants? It's beyond the realm of possibilities.

 

 It's simple really. Give people jail time for hiring illegal aliens. Not a monetary fine for a company that claims a mistake, but arrest and drag to jail the HR person resonsible. You are required by US law to prove your eligigability to work, usualy by a social security card for a citizen. It's really no different then what can happen to a store clerk that sells alcohol to a minor.



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire

Tyrannical said:
Bitmap Frogs said:
Tyrannical said:
No surprise, years of unwise immigration policy has produced this problem.
Expel illiegal immigrants, curb legal immigration, and unemployment will go down.

 

Let's see.

The government of the USA (including washingtong, states, town halls, etc) can't find and catch all criminals. You want it to find and catch all immigrants? It's beyond the realm of possibilities.

 

 It's simple really. Give people jail time for hiring illegal aliens. Not a monetary fine for a company that claims a mistake, but arrest and drag to jail the HR person resonsible. You are required by US law to prove your eligigability to work, usualy by a social security card for a citizen. It's really no different then what can happen to a store clerk that sells alcohol to a minor.

 

Oh gawd.

Since when has jail time stopped people from doing some things? Heck, not even death penalty dissuades people from commiting murder. If you think jail time will persuade people to experience a huge hit on their numbers as they have to hire citizens instead of inmigrants you are delluded.

By the way, minors can get all the alcohol they want. Despite the fines and jail penalties.





Current-gen game collection uploaded on the profile, full of win and good games; also most of my PC games. Lucasfilm Games/LucasArts 1982-2008 (Requiescat In Pace).