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2009-12-14 Economy

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Posted by Fred 2009-12-14 00:00|| || Front Page|| [11126 views ] Top

#1 4 million fast food employees, what a recovery. Everyone could have a job plying Farmville or Cafe World on Facebook. Just a suggestion

Posted by chris 2009-12-14 00:10|| 2009-12-14 00:10|| Front Page Top

#2 "Our agent, code name Lightning, is well on his way of destroying Capitalism, Comrade Secretary." "You idiot, we're capitalists now!"

Posted by g(r)omgoru 2009-12-14 02:24|| 2009-12-14 02:24|| Front Page Top

#3 The US jobless rate has experienced many ups and downs since Obama took office in January, standing at 10 percent earlier this month.

But mostly ups.

Posted by Besoeker 2009-12-14 04:18|| 2009-12-14 04:18|| Front Page Top

#4 "I'm not going to say the recession is over until the unemployment rate is down to normal levels."

but others in the administration will

Posted by lord garth 2009-12-14 06:47|| 2009-12-14 06:47|| Front Page Top

#5 Yes, but in correlation with those jobs lost even more jobs will be simultaneously "saved or created" by the Obama administration at precipitous cost, so it's win-win, baby!

Posted by Dar 2009-12-14 13:33|| 2009-12-14 13:33|| Front Page Top

#6 My industrious Grandson took a job at a fast food place as Cook, whatever happens, he'll always be able to find work, but he says "It's NOT a career, just a temporary job. (He's since quit and gone back to college)

Owns his own pickup outright and has no debts, I predict He'll be successful whatever he choses as a lifetime career.

PS, if anyone has NOT seen PBS Frontline program, "The card Game" it's free online and I highly recommend seeing it.

Posted by Redneck Jim 2009-12-14 14:17|| 2009-12-14 14:17|| Front Page Top

#7 May be I am wrong, but there are some very simple rules of national economy. We have to produce and sell more than we bye from other countries. Now, when Obama admistration is going to help us consumers in US, guess, where the money will go to help whom? Certainly China because we buy almost every thing made in China. Folks! Free market does not mean that you and I do not insist on buying made in USA, not the Chinese goods in cardboard boxes made here. Help yourself Do not blame others.

Posted by Annon 2009-12-14 14:33|| 2009-12-14 14:33|| Front Page Top

#8 The logical extension of that is to end imports. That'll rebuild the economy. [/sarc off] Didn't we try that before. Why should anyone buy our exports, if we don't buy theirs. The problem has been in the Beltway. They've refused to actively apply existing tools to such acts by other countries, allowing State et al for decades to overrule our own economic self interest for questionable and obvious self defeating economics.

Posted by Procopius2k 2009-12-14 15:41|| 2009-12-14 15:41|| Front Page Top

#9 Isn't Ms Romer the same genius who told us that if the Porkulus didn't pass we'd have more than 8% unemployment?

Posted by Cornsilk Blondie 2009-12-14 15:46|| 2009-12-14 15:46|| Front Page Top

#10 May be I am wrong, but there are some very simple rules of national economy. We have to produce and sell more than we bye from other countries.

That may seem to be true from the point of view of one country. But can it be true for all countries?

And if you are selling more to other countries than they are selling to you, what are you getting from them? IOUs. Which would you rather have, another countries goods or its IOUs? And what happens to the value of the IOUs if there's inflation?

Right now we're getting lots of pretty good stuff from China at dirt cheap prices. They';re getting Obama dollars.

I'm not saying it's not a problem, but I'm not sure how bad a problem it is. But it may be a symptom of other very serious problems.

Posted by Whatever 2009-12-14 16:09|| 2009-12-14 16:09|| Front Page Top

#11 USPresident Barack Obama, with his hefty stimulus plan of $787 billion, has pledged to create four ~~million~~ jobs.

Fixed it for ya. Closer to the truth.

Posted by CrazyFool 2009-12-14 16:12|| 2009-12-14 16:12|| Front Page Top

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