DISQUS

AMERICAblog: Jobless rate hits four year high

  • paulbot5 · 1 year ago
    americans and business are way overtaxed, lower taxes and save the dollar so we can make manufacturing here profitable once again. Just remove the income tax and eveything you buy will go down about 30%
  • lynchie · 1 year ago
    Paul: corporations aren't taxed at 30%. They are taxed on whatever they claim their profit is. Unlike you, they write off cars, trucks, buildings, houses, salaries, etc., etc., etc.
    Removing the taxes just means the companies won't pay a thing. They won't move jobs back to the U.S. when they can pay an Asian 25 cents an hour.
    How about cutting the waste in government, stop the war ($1 Trillion spent so far). That would be a start.
  • gumbygirl · 1 year ago
    Woo hoo, we don't suck as much as we thought we did! I feel so much better.
  • paulbot5 · 1 year ago
    heres an educational video to show what im talking about(ignore the first 10 seconds lol)
    http://video.google.com/videoplay?docid=-523303...
  • KerrynowCampau · 1 year ago
    If we remove the income tax how can we afford to keep bombing brown people?
  • Webster · 1 year ago
    5.7%.

    Ha!

    I haven't been counted in those figures for the past three years I've been out of work. Anyone want to guess how many of us there are out here who have given up and haven't been counted--and how long it's been since we haven't been counted? Anyone want to guess how many people don't care?

    5.7 %. Ha.
  • anarchy · 1 year ago
    ditto here, since 2006 for me.

    collection agencies don't give a crap about my problems.
    of course they also can't get what I don't have!

    I just hope they don't bring back debtor's prison or the workhouse.
  • Happy_Housewife · 1 year ago
    Cue the Republican response "This is what happens when you increase the minimum wage!"

    After all, it's best to be prepared when an attack of the stupids is imminent.
  • lynchie · 1 year ago
    Who the hell are the analysts and what the hell do they know about living and trying to find work in this country. The "analysts" have been wrong at every turn. Now Bush figured out to over estimate the job losses, get less than predicted and turn it into a win, see we are turning around the economy.
    Why can't someone also report this is just a made up number. Does every company report somewhere job cut backs, lay offs, one person doing two jobs. It is a fictional number than means nothing. It is put together by Bush fundies. Let's get a true estimate of unemployed which is probably 11% to 12%.
  • Andrew · 1 year ago
    It is a very rare event when one of Wall Streets own actually tells it like it is, and in this case it isn't pretty. Now on a Friday after the close of the markets for the weekend, there is a rumor going around that another bank has failed. Figures, they try as best as they can to hold off the information until the closing bell which really didn't help as the DOW fell over 50 points anyway.
    But getting back to how bleak the economic picture is, you might want to read this outstanding artice by Meridith Whitney. She has been nailing this crisis on the head and according to her recent observation we're only half way through this financial train wreck.

    http://mrmortgage.ml-implode.com/2008/07/30/mer...
    nancials-gives-her-outlook/
  • OlderAndWiser · 1 year ago
    That doesn't include the Ford and GM cuts yet, either, I don't believe. Additionally, Toyota is offering severance packages to get 6,000 to retire early; of course those offered those pkgs don't get unemployment either (it's counted against you as it's considered "voluntary" termination--gotcha!). Makes you wonder how many of those laid off permanently in jobs cuts haven't been counted because of this technicality?

    Oh hell, we all know the unemployment figure is closer to 10% anyway.
  • Dianne_in_DC · 1 year ago
    I was laid off in February. I'm sure y'all will appreciate the irony - I have a job interview at Freddie Mac next week.
  • OlderAndWiser · 1 year ago
    Oy. Are you sure you want to get your hands that dirty, Dianne? Might as well go for it. To be employed these days seems to be not quite the norm, though.
  • jr · 1 year ago
    "goldilocks economy! 2001 and 2003 tax cuts are working!"-Larry Kudlow reading his crayon inscribed talking points