Unenployment continues to rise.....

• Mr. 300

  

  Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.
• Manhattan Buckeye

  I don't think it is that suprising and don't think the market will move too much as a result. Companies that are on a calendar year tend to clean house around this time, those that may trail a month or two will do likewise when the time comes. The first calendar quarter is typically bad for employment opportunities.
  
  What the administration can do about it is a good question, if I or anyone else has the answer I'm sure it would be welcomed. Yet it might not be fair, the Obama administration made promises and claimed to own this economy...what they've done has not worked.
• BCSbunk

  Mr. 300 wrote: Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.

  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.
• Skyhook79

  

  BCSbunk wrote:

  Mr. 300 wrote: Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.

  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  
  Yes, the fix is easy. Cut taxes for the working people. Get rid of Capital Gains
  and cut Business taxes so that they feel more inclined to hire and expand their business's.
  
  BTW- How much longer are you and The Dems going to blame the "previous Administration" for the shortcomings of This Administration?
• queencitybuckeye

  BCSbunk wrote: The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  As the fix would clearly be based more on the carrot than the stick (clear at least to anyone paying attention), why would the wealty be opposed?
• Mr. 300

  

  BCSbunk wrote:

  Mr. 300 wrote:
  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  The fix is easy???? The wealthy don't want to consider what???? To pay for every entitlement program known to man???
  
  Please tell us the fix. I'd love to hear this.

• wkfan

  Skyhook79 wrote: [BTW- How much longer are you and The Dems going to blame the "previous Administration" for the shortcomings of This Administration?

  at least 3 more years......until January 20, 2012.
• fish82

  

  BCSbunk wrote:

  Mr. 300 wrote: Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.

  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  You people really need to stop whining. It's getting just sad.
  
  Or don't and continue to let the Pubs march up and down the field on you until 2010/12.
• BCSbunk

  Skyhook79 wrote:

  BCSbunk wrote:

  Mr. 300 wrote: Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.

  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  
  Yes, the fix is easy. Cut taxes for the working people. Get rid of Capital Gains
  and cut Business taxes so that they feel more inclined to hire and expand their business's.
  
  BTW- How much longer are you and The Dems going to blame the "previous Administration" for the shortcomings of This Administration?

  Your easy will not work.
  
  Cut taxes for the working people will not create jobs.
  
  Getting rid of capital gains will not create jobs.
  
  Lowering taxes on businesses will not create jobs.
  
  While lowering taxes would be beneficial it would not create jobs.
  
  

  BTW- How much longer are you and The Dems going to blame the "previous Administration" for the shortcomings of This Administration?

  I do not blame the shortcomings of this administration on the previous administration. They are seperate entities.
  
  The previous adminstration was a dismal and complete failure spiraling our economy to such a condition that they thought it reasonable to bailout the banks and other corporations. That was a fail.
  
  President Obama is trying to fix those errors I never stated whether it was working or not I said

  Turns out it is harder than expected to fix the ills of the last administration.

  I never stated that what the current administration is doing is succeeding.
• BCSbunk

  fish82 wrote:

  BCSbunk wrote:

  Mr. 300 wrote: Last week's numbers unexpectedly rose by 38,000.
  
  http://www.foxnews.com/politics/2010/01/21/new-jobless-claims-rise-expected/?test=latestnews
  
  "Unexpectedly".............why would anyone not expect this???? One year now under Obama and we still don't have "jobs created" as promised.

  Turns out it is harder than expected to fix the ills of the last administration.
  
  The fix is easy. However the wealthy do not want to even consider it therefore it probably will not happen.

  You people really need to stop whining. It's getting just sad.
  
  Or don't and continue to let the Pubs march up and down the field on you until 2010/12.

  Who is you and you guys?
• Cleveland Buck

  

  Cut taxes for the working people will not create jobs.
  
  Getting rid of capital gains will not create jobs.
  
  Lowering taxes on businesses will not create jobs.

  Actually, they would, if they were permanent cuts to the tax rate. Unfortunately, we can't afford to try it right now. Government spending is absolutely not the answer. Keynesian stimulus did what it does. We had one quarter of positive GDP growth which was a result of the government putting borrowed money right into the GDP. It didn't create any jobs. If there is any "multiplier effect", it is more than offset by the inefficiency of the federal government trying to put money into the economy.
• fan_from_texas

  BCSBunk, what is the easy fix that the rich oppose?
• BCSbunk

  Cleveland Buck wrote:

  Cut taxes for the working people will not create jobs.
  
  Getting rid of capital gains will not create jobs.
  
  Lowering taxes on businesses will not create jobs.

  Actually, they would, if they were permanent cuts to the tax rate. Unfortunately, we can't afford to try it right now. Government spending is absolutely not the answer. Keynesian stimulus did what it does. We had one quarter of positive GDP growth which was a result of the government putting borrowed money right into the GDP. It didn't create any jobs. If there is any "multiplier effect", it is more than offset by the inefficiency of the federal government trying to put money into the economy.

  It will increase profit margins but it simply does not necessarily create new jobs. Just because a business has its taxes lowered does not mean it will hire more people. That is just flat wrong.
  
  You must first look at what point have jobs been disappearing and why.
• Manhattan Buckeye

  " Government spending is absolutely not the answer. Keynesian stimulus did what it does. "
  
  Well, we may be seeing that. Cleveland Buck not sure what you are seeing in your neighborhood but we've been in our house for nearly 4 years....in the last several months we've seen more road work, sidewalk work, sewer work, general public untilities work, etc. than we did in our first couple of years combined. I'm fairly certain this is just Keynesian stimulus money flowing through, and to the point it is helpful I am appreciative. But it isn't helping employment at all, it is just make up work.
• Cleveland Buck

  

  Manhattan Buckeye wrote: " Government spending is absolutely not the answer. Keynesian stimulus did what it does. "
  
  Well, we may be seeing that. Cleveland Buck not sure what you are seeing in your neighborhood but we've been in our house for nearly 4 years....in the last several months we've seen more road work, sidewalk work, sewer work, general public untilities work, etc. than we did in our first couple of years combined. I'm fairly certain this is just Keynesian stimulus money flowing through, and to the point it is helpful I am appreciative. But it isn't helping employment at all, it is just make up work.

  It is great for fixing roads, but not stimulating the economy.
• BCSbunk

  fan_from_texas wrote: BCSBunk, what is the easy fix that the rich oppose?

  Reverse NAFTA and all free trade. Tell the businesses that have moved and taken their jobs away from the US that they will no longer have the protection of the US.
  
  In other words you are perfectly free to leave this country to set up your business but you get no protection. It is at your own risk.
  
  Also begin tariffs on all out of country products.
  
  This will create jobs. The businesses that moved to have next to free labor will want to come back here because with no protection and tariffs their profit margins will drop or they could lose the business in volatile places.
  
  I am all for lowering taxes especially on the general population but it simply does not create jobs.
  
  People have motivations to make profit. However when the laws benefit our businesses leaving the country they will do so.
  
  Ross Perot was absolutely correct when he said that you would hear a large sucking sound if NAFTA was passed. I still hear that sound as businesses can move and get next to free labor and then ship the product back here at the same prices as when they paid higher labor costs.
• Manhattan Buckeye

  "Reverse NAFTA and all free trade. Tell the businesses that have moved and taken their jobs away from the US that they will no longer have the protection of the US. "
  
  And what do you say to the folks that work for businesses in the U.S. that are from overseas? UBS? Deutsche Bank? Credit Suisse? BMW? Honda? Novartis? HSBC? Roche?
• Cleveland Buck

  

  BCSbunk wrote:

  Cleveland Buck wrote:

  Cut taxes for the working people will not create jobs.
  
  Getting rid of capital gains will not create jobs.
  
  Lowering taxes on businesses will not create jobs.

  Actually, they would, if they were permanent cuts to the tax rate. Unfortunately, we can't afford to try it right now. Government spending is absolutely not the answer. Keynesian stimulus did what it does. We had one quarter of positive GDP growth which was a result of the government putting borrowed money right into the GDP. It didn't create any jobs. If there is any "multiplier effect", it is more than offset by the inefficiency of the federal government trying to put money into the economy.

  It will increase profit margins but it simply does not necessarily create new jobs. Just because a business has its taxes lowered does not mean it will hire more people. That is just flat wrong.
  
  You must first look at what point have jobs been disappearing and why.

  What are you talking about then? Outsourced jobs? There is nothing you can do about it unless you want to put tariffs on imports and cripple the consumer and finish off the fragile economy. Cutting taxes on business would encourage businesses to make more money and expand, and therefore hire some workers. It always has and always will.
• BCSbunk

  Manhattan Buckeye wrote: "Reverse NAFTA and all free trade. Tell the businesses that have moved and taken their jobs away from the US that they will no longer have the protection of the US. "
  
  And what do you say to the folks that work for businesses in the U.S. that are from overseas? UBS? Deutsche Bank? Credit Suisse? BMW? Honda? Novartis? HSBC? Roche?

  Keep up the good work? How is that remotely relevant to US companies leaving the US?
  
  I have no problem with foreign companies wanting to open a business here as long as they follow the tax laws and employee laws. It also would be of benefit to them to avoid tariffs.
  
  Now we get the foreign companies and the US companies that equals many more jobs.
• IggyPride00

  

  Cutting taxes on business would encourage businesses to make more money and expand

  To play devil's advocate, the last decade, at least in terms of tax burden, is the lowest on record because of the 2001, 2003 tax cuts.
  
  For the decade, we saw a net job loss of 1.5 private sector jobs.
  
  The 90's had higher rates across the board and was a jobs bonanza.
  
  If tax rates were really the major driver, those 2 things would not have occurred.
  
  Tax rates may influence behavior to some degree, but I think we have kidded ourselves (at least some people) into thinking that an across the board tax cut is the answer to all our ills and the first decade this century proved it is not.
  
  In certain circumstances it may be appropriate, but we are doomed if we don't get beyond the mentality that that alone will save the day.
• Manhattan Buckeye

  "Keep up the good work? How is that remotely relevant to US companies leaving the US?"
  
  Gee I don't know, maybe if the U.S. becomes extraordinarily protectionist, foreign companies will do likewise?
• Footwedge

  What are you talking about then? Outsourced jobs? There is nothing you can do about it unless you want to put tariffs on imports and cripple the consumer and finish off the fragile economy. Cutting taxes on business would encourage businesses to make more money and expand, and therefore hire some workers. It always has and always will.

  Buck...that is not true...not at all.
  
  There is a lot of merit in what BCSBunk states. The argument that there "is nothing you can do" is old and tiresome.
  
  There are things that absolutely can be done. And protectionist policies are a relative thing. We have had protectionist policies to some degree forever.
  
  It's time for America to disdain the corporate mantra that there "is nothing we can do".
  
  Corporate America claims they cannot compete here. The question remains why? And leveling the playing field across the globe is the right thing to do. But corporate America can evade the social net overhead by complicitly operate with foreign governments that are cool with artificially deflating wages and benefits.
  
  Unfail global labor laws==America headed fpr the shitter. Fair global rules, American private industries thrive.
  
  This is the only way that America can survive economically.
  
  Those that believe that, by default, are quite content with America becoming a feudalist country. Because that is where we are headed.
  
  It's time for Americans to educate themselves on the realities of globalization.
  
  Globalization at the present rate==the top 5% raking it in. The bottom 95% losing jobs, and purchasing power.
  
  As I linked in another thread. Today's Americans true purchasing power has gone down 9% since 1973. (Inflation adjusted numbers)
• Footwedge

  Manhattan Buckeye wrote: "Keep up the good work? How is that remotely relevant to US companies leaving the US?"
  
  Gee I don't know, maybe if the U.S. becomes extraordinarily protectionist, foreign companies will do likewise?

  We have had protectionist policies in place since the turn of the 19th Century.
  
  Does agriculture ring a bell?
  
  And moreover, protectionist policies are only one avenue that can be looked at in stopping the inevitable from happening.
• BCSbunk

  Cleveland Buck wrote:

  BCSbunk wrote:

  Cleveland Buck wrote:

  Cut taxes for the working people will not create jobs.
  
  Getting rid of capital gains will not create jobs.
  
  Lowering taxes on businesses will not create jobs.

  Actually, they would, if they were permanent cuts to the tax rate. Unfortunately, we can't afford to try it right now. Government spending is absolutely not the answer. Keynesian stimulus did what it does. We had one quarter of positive GDP growth which was a result of the government putting borrowed money right into the GDP. It didn't create any jobs. If there is any "multiplier effect", it is more than offset by the inefficiency of the federal government trying to put money into the economy.

  It will increase profit margins but it simply does not necessarily create new jobs. Just because a business has its taxes lowered does not mean it will hire more people. That is just flat wrong.
  
  You must first look at what point have jobs been disappearing and why.

  What are you talking about then? Outsourced jobs? There is nothing you can do about it unless you want to put tariffs on imports and cripple the consumer and finish off the fragile economy. Cutting taxes on business would encourage businesses to make more money and expand, and therefore hire some workers. It always has and always will.

  In the 1950's a boom time for the US worker the tax rate was over 90% for anyone making a profit of over 450k.
  
  The taxes have been lowered significantly since the 91% mark and no extra jobs.
  
  It is false that lower taxes have made companies expand and hire more people. In fact the opposite is true.
  
  In the 50's when taxes were 91% on anyone making 450k in profit were in effect businesses did not want to pay them.(can't blame them) so they used loopholes to avoid having over 450k in profit. Those loopholes were expanding and improving the business and paying workers more money.
  
  Taxes can be used as an incentive for businesses to avoid paying them by paying workers better wages and expanding and reinvesting in their business.
• Footwedge

  Manhattan Buckeye wrote: "Keep up the good work? How is that remotely relevant to US companies leaving the US?"
  
  Gee I don't know, maybe if the U.S. becomes extraordinarily protectionist, foreign companies will do likewise?

  Businesses that moved to Mexico are now shutting down and moving to China. NAFTA was a huge clusterfuck for both the American people and the Mexican people.
  
  Since NAFTA, the illegal innigration problem has grown exponentially. Gee, I wonder why?