Unemployment still at 17.3%

abachler · 01-20-2010, 04:42 PM

Ill bet Obama barely pays lip service to the failing economy in his state of the union address.

Table A-12. Alternative measures of labor underutilization

Mario F. · 01-20-2010, 04:52 PM

One interesting footnote of history is that when confronted with a crisis no government has a solution. Things just kinda solve themselves out, or through a revolt of sorts.

It's just that our social structures and economy are perhaps so complex and intricate, even since medieval times, that no government on the planet short of an authoritarian rule has the tools at their disposal to solve anything but minor domestic issues. Heck, in this day and age even a reform of the public service can take decades to fully implement.

Daved · 01-20-2010, 05:30 PM

I'm glad to see you've adjusted your stance. This current thread title makes more sense than the previous one.

Still, I'd take the bet on Obama and the State of the Union. I'd say jobs and the economy will be the most talked about subject.

C_ntua · 01-20-2010, 06:02 PM

Quote:

Originally Posted by Mario F.

One interesting footnote of history is that when confronted with a crisis no government has a solution. Things just kinda solve themselves out, or through a revolt of sorts.

It's just that our social structures and economy are perhaps so complex and intricate, even since medieval times, that no government on the planet short of an authoritarian rule has the tools at their disposal to solve anything but minor domestic issues. Heck, in this day and age even a reform of the public service can take decades to fully implement.

Exactly.
The main reason is that our system is not that great. It is actually bad. Thinking about it it wasn't really carefully planned. Actually not planned at all. Don't get me wrong, our economical system is amazing considered they way it was formed and it is a feat for the field of economic that it still functions. But seriously, for something that affects as so much, as humans we could have done better. Something carefully planned for starters?

EDIT: And as before, I doubt that underutilization means uneployment. Those are numbers for underutilazation...

SlyMaelstrom · 01-20-2010, 08:04 PM

I wouldn't say it's the top subject of the address, but when has the economy ever been avoided in the State of the Union? He's going to say the same thing he has been since he got into office... he came into a sinking economy and all of his "great" changes are just taking a little longer than he anticipated.

Daved · 01-24-2010, 01:09 PM

Quote:

President Barack Obama's chief political adviser says the president will focus on job-creating plans in his State of the Union address Wednesday night.

...

Axelrod: Obama's State of Union to focus on jobs - Yahoo! News

Daved · 02-06-2010, 10:28 PM

A mixed bag on the latest U.S. unemployment news, although the U-6 rate is down to 16.5% for the moment.

American jobs figures: Falling flat | The Economist

**Bubba** · 02-07-2010, 02:30 PM

I've heard rumors of an asset bubble forming yet jobs have not recovered as well as Wall Street has. This means a possible double-dip recession. The second dip would be caused by the job market not being ready for a bear market just yet. If we want to avoid this then companies need to start hiring ASAP and get the economy back up to steam. If we dip a second time it is no one's fault except our own businesses.

The factory I used to work at laid off almost 1100 last year. Since then they have recalled nearly 600 of them and more are being called back each day. Manufacturing is starting to boom again and so hopefully we can recover before we dip again. GM cannot be looked at as a measure of the economy anymore since they have other issues not exactly related to the recession to deal with. They would have faltered anyways and the recession just sped up the process - possibly saved them from a total collapse later by pushing them into early bankruptcy so they could get things 'fixed'. I would rather fail in a poor economy than fail in a booming one. The latter type of failure is usually a complete collapse of the business.

Dae · 02-07-2010, 03:04 PM

Quote:

Originally Posted by abachler

Ill bet Obama barely pays lip service to the failing economy in his state of the union address.

Really disagreed, even before seeing Daved's post.

MK27 · 02-07-2010, 05:08 PM

The sickest part is that right now, from a Republican realpolitick perspective, the best thing that could happen would be for the economy to fail further and the unemployment rate to rise. Then at the next election they can say it's all the Democrats fault.

And they will do anything to make the current gov. and economy fail. 2009 is apparently going down as the "Year of the Filibuster", and presumably this is only going to get much, much worse from now on.

MK27 · 02-08-2010, 09:24 PM

Quote:

Originally Posted by MK27

The sickest part is that right now, from a Republican realpolitick perspective, the best thing that could happen would be for the economy to fail further and the unemployment rate to rise. Then at the next election they can say it's all the Democrats fault.

And they will do anything to make the current gov. and economy fail. 2009 is apparently going down as the "Year of the Filibuster", and presumably this is only going to get much, much worse from now on.

[SIGH] I'll never find a real job then...unless I learn to filibuster! ;[

**Bubba** · 02-08-2010, 11:01 PM

Quote:

The sickest part is that right now, from a Republican realpolitick perspective, the best thing that could happen would be for the economy to fail further and the unemployment rate to rise. Then at the next election they can say it's all the Democrats fault.

I felt much the same about the Democratic party during Bush's presidency. It seemed they wanted the economy to falter and the portray the war in Iraq as if it was worse or similar to Vietnam.

Both sides are guilty of wanting this or that even though it is not in the best interest of the country so don't act as if the Dems haven't wanted bad things to happen when a repub. Pres. is in office.
It's amazing to me how one side accuses the other of whatever it is they can muster and then the same thing happens only in reverse about 4 to 8 years later. Ridiculous.

01-20-2010, 04:42 PM	#1
abachler Malum in se Join Date: Apr 2007 Posts: 3,188	Unemployment still at 17.3% Ill bet Obama barely pays lip service to the failing economy in his state of the union address. Table A-12. Alternative measures of labor underutilization __________________ Until you can build a working general purpose reprogrammable computer out of basic components from radio shack, you are not fit to call yourself a programmer in my presence. This is cwhizard, signing off.
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01-20-2010, 04:52 PM	#2
Mario F. (?<!re)tired Join Date: May 2006 Location: Portugal Posts: 5,662	One interesting footnote of history is that when confronted with a crisis no government has a solution. Things just kinda solve themselves out, or through a revolt of sorts. It's just that our social structures and economy are perhaps so complex and intricate, even since medieval times, that no government on the planet short of an authoritarian rule has the tools at their disposal to solve anything but minor domestic issues. Heck, in this day and age even a reform of the public service can take decades to fully implement. __________________ Originally Posted by brewbuck: Reimplementing a large system in another language to get a 25% performance boost is nonsense. It would be cheaper to just get a computer which is 25% faster.
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01-20-2010, 05:30 PM	#3
Daved Registered User Join Date: Jan 2005 Posts: 7,252	I'm glad to see you've adjusted your stance. This current thread title makes more sense than the previous one. Still, I'd take the bet on Obama and the State of the Union. I'd say jobs and the economy will be the most talked about subject.
Daved is offline

01-20-2010, 08:04 PM	#5
SlyMaelstrom Devil's Advocate Join Date: May 2004 Location: Out of scope Posts: 3,778	I wouldn't say it's the top subject of the address, but when has the economy ever been avoided in the State of the Union? He's going to say the same thing he has been since he got into office... he came into a sinking economy and all of his "great" changes are just taking a little longer than he anticipated. __________________ Terms of Service By quoting or replying directly to this post, you consent to the fact that all of the information in the post above is completely accurate and highly intelligent and no comments will be made towards its validity, thoughtlessness, and/or grammatical structure. Violators will be prosecuted to the fullest extent of the law.
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02-06-2010, 10:28 PM	#7
Daved Registered User Join Date: Jan 2005 Posts: 7,252	A mixed bag on the latest U.S. unemployment news, although the U-6 rate is down to 16.5% for the moment. American jobs figures: Falling flat \| The Economist
Daved is offline

02-07-2010, 02:30 PM	#8
Bubba Super Moderator Join Date: Aug 2001 Posts: 7,819	I've heard rumors of an asset bubble forming yet jobs have not recovered as well as Wall Street has. This means a possible double-dip recession. The second dip would be caused by the job market not being ready for a bear market just yet. If we want to avoid this then companies need to start hiring ASAP and get the economy back up to steam. If we dip a second time it is no one's fault except our own businesses. The factory I used to work at laid off almost 1100 last year. Since then they have recalled nearly 600 of them and more are being called back each day. Manufacturing is starting to boom again and so hopefully we can recover before we dip again. GM cannot be looked at as a measure of the economy anymore since they have other issues not exactly related to the recession to deal with. They would have faltered anyways and the recession just sped up the process - possibly saved them from a total collapse later by pushing them into early bankruptcy so they could get things 'fixed'. I would rather fail in a poor economy than fail in a booming one. The latter type of failure is usually a complete collapse of the business. __________________ If you aim at everything you will hit something but you won't know what it is. Last edited by Bubba; 02-07-2010 at 02:35 PM.
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02-07-2010, 05:08 PM	#10
MK27 critical genius Join Date: Jul 2008 Location: SE Queens Posts: 5,234	The sickest part is that right now, from a Republican realpolitick perspective, the best thing that could happen would be for the economy to fail further and the unemployment rate to rise. Then at the next election they can say it's all the Democrats fault. And they will do anything to make the current gov. and economy fail. 2009 is apparently going down as the "Year of the Filibuster", and presumably this is only going to get much, much worse from now on. __________________ "A man can't just sit around." -- Larry Walters
MK27 is online now

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