Posted on 07/26/2010 11:27:21 PM PDT by Libloather
Alarming New Report: Pre-Recession Unemployment Rates May Not be Reached for a Decade
Mon Jul 19, 3:40 pm ET
WASHINGTON, July 19
**SNIP**
Why: As recent calls for additional stimulus and the extension of unemployment benefits meet with stiff opposition, Congress appears to have underestimated the profound effect of the current recession on the labor market. A new report from the Center for Economic and Policy Research (CEPR), being released by the Jobs for America Now coalition, shows that with a job growth path comparable to the last recovery, the economy will not recover all of the jobs lost in the recession until March 2014. Assuming the trend rate of growth in the labor force, the unemployment rate will not fall back to the pre-recession level until April 2021.
Sen. Al Franken and Rep. Ellison, both co-sponsors of the Senate and House versions of the Local Jobs for America Act, which would preserve or create one million jobs in communities, will talk about the need to adopt this critical piece of legislation. The study, "The Urgent Need for Job Creation," underscores the need for the Local Jobs for America Act and compares various job growth scenarios, of which the most optimistic scenario is not until Sept. 2014.
Jobs for America Now is a campaign of more than 60 groups organizing to put America back to work. For a list of participating organizations visit www.jobs4americanow.org.
(Excerpt) Read more at news.yahoo.com ...
Can't have a workers' paradise without work. Eventually the snake that eats its own tail runs out.
Thank you Democrats.
Workers, middle class, small business are the shock absorbers of the economy. We are to suck it up during down times, and provide taxes during good times.
Jobs are tools of production and commerce. By promoting the latter you create the former. Repeal this year’s two major reforms and the that employment level returns in less than five years. Pass Franken-Ellison and it’s gone for decades.
We can grow our domestic work forces needed skills without import human trafficing, when leaning those skill is econimically viable. It's called supply and demand.
econimically=economically
“...shut off immigration except for needed skills...”
-
Why are these skills “built offshore” and then imported here?
Why can’t we build those skills here in the USA?
Why do we support people who can’t find work with the one hand
and bring in foreign labor to fill jobs with the other hand?
Possible answers:
(a) A failed system of education
(b) A failed system of economics
(c) A successful system of dependency
(d) All of the above
as soon as the socialist is removed from office the economy will start to recover.
so our Oligarchy thinks We the People will leave them alone for another decade?!!!These “rulers” are silly...and endanger us all by their sheer incompetance.
Bush's fault.
If you want to attempt to figure it out you may start here for a little background.
Secret "closed door" meeting with Congress (3/14/08)
Not only did members discuss new surveillance provisions as was the publicly stated reason for the closed door session, they also discussed:
1. the imminent collapse of the U.S. economy to occur by September 2008,
2. the imminent collapse of US federal government finances by February 2009,
3. the possibility of Civil War inside the USA as a result of the collapse
Congressional Democrats Bankrupted the Nation
Canada Free Press ^ | Wednesday, January 28, 2009 | JB Williams
MUST READ THREAD!!! (especially #6, 16, 24, 41, 68, 80, 86)
9/11/2008 CATASTROPHIC FINANCIAL TERRORIST ATTACK CAUSED ECONOMIC MELTDOWN
Atlas Shrugs ^ | 2/12/09 | Pamela Gellar
http://www.freerepublic.com/focus/f-bloggers/2184661/posts
http://atlasshrugs2000.typepad.com/atlas_shrugs/2009/02/9112008-catastrophic-financial-terrorist-attack-caused-economic-meltdown.html
Who Attacked Our Economy? Why Does No One Care?
Townhall ^ | February 12, 2009 | Diana West
http://www.freerepublic.com/focus/f-news/2184786/posts
Bush’s $350 Billion TARP is About to Break Even
by Gregory Hilton, March 27, 2010.
[So what happened to the $29 Billion earned from the TARP pay back?]
Was the Bush TARP Program a Mistake?
by Gregory Hilton, March 28, 2010
You are going to have to sweeten the deal for U.S. students studying advanced technology (Engineering and Science) to compete with the foreign serf research assistants or teaching assistants - otherwise their lack will dramatically degrade the effectiveness of our top research institutions.
As a side note, when I tried to get an assistantship back in the early 90s for my M.S. in Engineering, I had little luck - no money was to be had for a U.S. citizen and ten year taxpayer (seven in state in which I wanted to study). Of course no problem with finding lots of cash (full tuition and stipend) for loads of Chinese and Indians. Now I like studying with these folks, but I think U.S. citizens should come first (especially when you are talking tax dollars).
I paid my own way and finished my M.S., but this situation still burns me to this day.
Longer than that if 0 keeps hiking taxes.
“Congress appears to have underestimated the profound effect of the current recession on the labor market.”
We didn’t realize how big of a mess Bush left us!!
If only we spend some more!!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.