Posted on 01/09/2009 5:42:54 AM PST by Red in Blue PA
Highest unemployment in 16 whole years. Time for bed wetters to faint.
85 percent of youth say they are not interested in a future engineering career, yet we’ll be short 70,000 engineers by 2010, based on an estimate by the National Science Foundation.
http://www.manufacturing.net/News-Survey-Kids-Saying-No-To-Engineering.aspx?menuid=36
Hold it right there. You are identifying a free market principle. Those principles do not apply in the future market controlled by the central planning committees of the incoming administration....
“Worst economy since the Great Depression”, and it shows signs of being on the move to exceed even that calamitous era.”
While it MAY be the worst economy since the Depression, it is completely laughable to suggest that is anywhere near that, OR, that it will get there, not to mention ‘be worse’.
It’s ridiculous. It is a recession. That’s it. It’s not a ‘catastrophe’. We haven’t had a good one (recession) in about 10 years. Recessions are needed, healthy parts of the business cycle, whereas the economy will eliminate the deadweight and come back much healthier and stronger.
Whatever Obamie does it will be hailed as brilliant by the media!
Actually no it doesn’t.
Funny how the numbers can change when certain groups are added or removed. Come Jan 20 people may be out of work but the numbers may start to improve.
Daniel Gross: Why All Those Great Depression Analogies Are Wrong
The actual unemployment rate now (if we used the same criteria as in, say, 1940) is probably between 13 and 16%.
Ba..ba..but Clinton told me the "NEW" jobs of the 21st Century, those 22 million $7(service sector)jobs he created out of outsourcing $21hr.(manufacturing sector)jobs would keep me until retirement....whaaaa!
Just imagine the fun if FDR had added a carbon tax to his other goodies. Now you have what the Obamanation will become.
There will be short-term successes in a long-term slide, as our government continues to borrow on the future.
Thanks for the post.
Historically though, 7.2% unemployment is not that bad.
We went from ‘very good’ employment picture 2 years ago to ‘mediocre’ today.
Give it time though, Obama and the Demos are working hard to make employment picture even more awful.
Good list, to that I would also add Bank Holidays.
“It’s ridiculous. It is a recession. That’s it. It’s not a ‘catastrophe’. We haven’t had a good one (recession) in about 10 years. Recessions are needed, healthy parts of the business cycle, whereas the economy will eliminate the deadweight and come back much healthier and stronger.”
All true. we shouldnt panic, we should have govt tighten its belt a bit, hunker down, cut tax rates to help the economy and get rid of waste in the economy to prepare for the recovery.
It is also true though that the media and Obama have to ‘talk down’ the economy and make it sound worse than it is so that they can fearmonger the people into supporting Obama’s dreadful, wasteful, expensive, non-workable socialize-the-economy big-govt-spending ‘stimulus’.
THEY NEED THE PANIC TO MAKE US ALLOW DRASTIC MEASURES.
Rush calls it The “Raw Deal”.
It’s a good time to think about graduate school.
“We need to form organizations to accurately let us know who to spend what little money we intend to part with. No bucks for the idiots who bought the hope and change crap. “
Good idea.
Stop your newspaper liberal MSM subscription. Get a convservative magazine instead.
No to CNN. Dont go to movies.
Dont buy from companies that support - global warming or other ‘feelgood’ stuff. Any store that has green or organic labels - complain loudly that you wont buy from companies that peddle that PR.
etc.
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