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Job market expected to recover in 2014 (Say WHAT???)
blogginstocks.com ^ | Sept 5, 2009 | Tom Johansmeyer

Posted on 09/05/2009 4:15:00 PM PDT by WeatherGuy

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1 posted on 09/05/2009 4:15:00 PM PDT by WeatherGuy
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To: WeatherGuy

So by Piper Palin’s administration, everything should be back to normal?


2 posted on 09/05/2009 4:18:57 PM PDT by 2ndDivisionVet (I will raise $1 million for Sarah Palin if she runs; What will you do?)
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To: WeatherGuy

Wow, that can’t be good news for Obama...


3 posted on 09/05/2009 4:23:21 PM PDT by lexington minuteman 1775
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To: 2ndDivisionVet

LOL

Does this mean we all starve to death until 2014?


4 posted on 09/05/2009 4:25:39 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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LOL..just in time!


5 posted on 09/05/2009 4:30:08 PM PDT by evad (Spending money that we don't have on something that won't work for a problem that doesn't exist)
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To: WeatherGuy

Hate to say this, but the 2014 forecast seems pretty optimistic. I just have a hard time believing that we can have any success in the job market moving forward, as long as the government(federal, state, and local) continue to tax and regulate jobs into oblivion.


6 posted on 09/05/2009 4:32:40 PM PDT by NotSoModerate (Report dissenters to snitch@whitehouse.gov for a $4,500 tax credit)
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To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
7 posted on 09/05/2009 4:34:09 PM PDT by rabscuttle385 (May God save the American Republic.)
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To: WeatherGuy

Cutting taxes attracts global investment in local jobs.


8 posted on 09/05/2009 4:36:06 PM PDT by ROTB (Love your enemies, in the name and faith of Christ.)
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To: freekitty

So many people will be dead by then that everyone left will be able to pick their jobs.


9 posted on 09/05/2009 4:37:13 PM PDT by philetus (Keep doing what you always do and you'll keep getting what you always get.)
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To: ROTB
The "double W" recovery...

WW

W*2

So blame it on Bush

10 posted on 09/05/2009 4:38:26 PM PDT by spokeshave (Obama can't unjump the shark)
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To: lexington minuteman 1775

Who wants to put a number on when the media congratulate Obama for turning the tide on unemployment. My bet is by 8.5% he will be getting endless stories about the resounding hiring boom.


11 posted on 09/05/2009 4:40:48 PM PDT by USNBandit (sarcasm engaged at all times)
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To: NotSoModerate
Exactly right, and certain states will implode before then, with California being the gorilla in the room.

If you take the employment scenario in the posted article, then compare it to the pie in the sky employment scenarios used by almost every sycophantic state legislature to draft their yearly budgets for the next 5 years, it becomes immediately obvious that there are states that will collapse.

I don't know what I mean by ‘collapse’, but the budget holes for some states, like California, Michigan, Illinois, Rhode Island, will grow so substantial there won't be anything left to tax by 2012.

12 posted on 09/05/2009 4:41:56 PM PDT by JerseyHighlander
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To: All

Its a brave new world boys and girls...


13 posted on 09/05/2009 4:42:17 PM PDT by The Magical Mischief Tour
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To: WeatherGuy

If he does an FDR and really cripples the economy he could ride this puppy for four terms. The XXII doesn’t apply to the One anointed by the LSM.


14 posted on 09/05/2009 4:44:57 PM PDT by Lonesome in Massachussets (Don't anthropomorphize the robots. They hate that.)
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To: WeatherGuy
Does that mean all current unemployment benefits recipients get an extension til then?
15 posted on 09/05/2009 4:50:37 PM PDT by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: lexington minuteman 1775
"Wow, that can’t be good news for Obama.."

Maybe I think it keeps democrats in power in 2012. The GOP ain't coming back until the jobs do.

16 posted on 09/05/2009 4:50:49 PM PDT by ex-snook ("Above all things, truth beareth away the victory.")
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To: lexington minuteman 1775

No, Obama was always doomed be a one-termer. The economy will still be bad come election time, and that is enough to doom him and the Dems. The incumbent president’s party always takes the hit for a down economy. The Republicans could have run Ronald Reagan again and they still would have lost the election.

Fortunately for us, Obama is doing everything he can to be thrown out of office by over-reaching to rush us toward socialism in the brazen manner he is. They are going for all the chips and the backlash will be stout in 2012. 2010 will be bad enough. The bad economy will see to that. It is just a matter of how many seats the Republicans pick up.

All of this was baked into the cake when the economy began to collapse on the back of deleveraging debt and the liquidity crisis. The players don’t really matter.


17 posted on 09/05/2009 4:54:09 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 55... 54... 53...)
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To: USNBandit

You must not listen to the cBS radio news. They will run this on Monday as “MORE GOOD NEWS ON THE JOB MARKET”. Light at the end of the tunnel, more news at the top of the hour...


18 posted on 09/05/2009 5:02:03 PM PDT by tubebender (I don't need no stikin Okra...)
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To: WeatherGuy
Problem is that many of these jobs were in manufacturing, retail, real estate, finance, and many others. It was an across the board massacre hitting both high and low wage earners.

There was a massive glut built up in many of these sectors, not just US, but worldwide, on the back of easy credit, over leveraging, fake growth, and ponzi schemes.

But what really caused the credit crisis was the trillions in losses on credit derivatives (credit default swaps, etc...) by dealers like JPMorgan Chase, BofA, Goldman Sachs, and Citi. The economic fallout from these weapons of financial destruction is still occuring. The smoking crater left in the worldwide economy by these will take decades to repair. The US government under both the Bush and Obama administrations are doing everything possible to cover up the losses which is going to drag this out even longer.

I agree that it could take 5+ years for some of these sectors to repair themselves and have any type of positive job growth. In the meantime, many of the unemployed are going to face complete career changes and a 1/4 or more loss of yearly income going forward.

Not to mention how much retirement and investment savings were wiped out last year which was a real crusing blow to the US economy and confidence. I know a few people who have been unemployed for more than 6 months, their savings and unemployment benefits are tapped out, and they are now pulling money out of their already crushed 401Ks to survive.

19 posted on 09/05/2009 5:25:45 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: ExTexasRedhead

In other words, we need to keep supporting Obama no matter what until 2014?


20 posted on 09/05/2009 5:38:34 PM PDT by Clintonfatigued (Liberal sacred cows make great hamburger)
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