Job report August: ZERO JOBS created

[WTF]

Originally Posted by CuteOldGuy

Where is the data stating that government jobs are decreasing while private sector jobs are increasing? That would be a terrific trend if it were true, but I don't think it is.

http://standardspeaker.com/news/gov-...#axzz1WqWln7CT


Amid budget cuts, employment in the government sector in the federal, state and local levels nationwide has declined by about 2.9 percent, or about 659,000 workers, from June 2010 to June 2011.

As the government has been shedding jobs, there has been an increase in jobs in the private sector, which has been slowly recovering from the recession, Burtless said. Payrolls at U.S. companies increased by 114,000 in July, suggesting modest job growth in the fragile economy, according to the ADP employment report released Wednesday.
While the private sector has seen slight growth, the displaced government employees who will spend less money will hurt the private sector and slow improvement to the economy, Burtless said.

[WTF]

Originally Posted by OliviaHoward

It doesn’t matter. The sum is what counts. There is no job growth. Agreed, I don’t know why anyone is surprised. Just because the talking heads tell you the recession is over doesn’t mean it is. It’s the economy stupid; it’s the economy – that’s what’s important to me not whether Obama or any politician gets reelected.

The sum may count but if you are a Tea Party folk you can't have it both ways.

You can't say cut government spending and then be suprised when there is no job growth due to cut back in ....drum roll please, government jobs.

[Guest040616]

Originally Posted by Whirlaway

..elect a true Conservative and the economy (and private sector jobs) will re-emerge as strong as before.

Whirly, we finally have found something we can agree upon! Since Bill Clinton was the President during the last "strong" economy. It stands to reason that must be the "before" that you are referring to.

However we still disagree on your description of Clinton. I certainly would not call WJC a "true conservative."

I will give credit, where credit is due. You were at the very least, half-right! And you very seldom get anything right!

[CuteOldGuy]

WTF your source is only relevant to the Wilkes-Barre Pennsylvania area. No wonder you get things so screwed up. Nationwide, NO new private sector jobs were recorded. Good grief, get a grip, man!

[CuteOldGuy]

http://finance.yahoo.com/news/Employ...&asset=&ccode=

[WTF]

Originally Posted by CuteOldGuy

WTF your source is only relevant to the Wilkes-Barre Pennsylvania area. No wonder you get things so screwed up. Nationwide, NO new private sector jobs were recorded. Good grief, get a grip, man!

WTF you talking about? I cut out the local shit and only included the national numbers.

Originally Posted by WTF

http://standardspeaker.com/news/gov-t-jobs-on-decline-and-more-to-come-1.1184116#axzz1WqWln7CT


Amid budget cuts, employment in the government sector in the federal, state and local levels nationwide has declined by about 2.9 percent, or about 659,000 workers, from June 2010 to June 2011.

As the government has been shedding jobs, there has been an increase in jobs in the private sector, which has been slowly recovering from the recession, Burtless said. Payrolls at U.S. companies increased by 114,000 in July, suggesting modest job growth in the fragile economy, according to the ADP employment report released Wednesday.
While the private sector has seen slight growth, the displaced government employees who will spend less money will hurt the private sector and slow improvement to the economy, Burtless said.

[waverunner234]

So funny hearing Perry claim he creates half of all the US jobs lately.
So half of zero = ehhhh shit --- I think I need a new calculator ---

[CuteOldGuy]

WTF, Then it is like I have always said, you can find anything to support any position on the internet. My source, along with the ABC radio says no private sector jobs. The fact remains, the economy is in the toilet, and President Obama and Speaker Boehner are seeing who can flush the fastest.

[gnadfly]

Originally Posted by wellendowed1911

So what is just a miracle when Job growth grew during the Clinton years????

Yes. The Personal Computer/Internet/Telcom miracle. Clinton's contribution is he didn't fuck it up although the bubble did burst on his watch.

[waverunner234]

Originally Posted by gnadfly

Yes. The Personal Computer/Internet/Telcom miracle. Clinton's contribution is he didn't fuck it up although the bubble did burst on his watch.

Every bubble will always burst at some point in the future, is that so hard to understand? Just watch the gold price in the next year of so and you will see another bubble burst.

[Laz]

Originally Posted by bigtex

Whirly, we finally have found something we can agree upon! Since Bill Clinton was the President during the last "strong" economy. It stands to reason that must be the "before" that you are referring to.

However we still disagree on your description of Clinton. I certainly would not call WJC a "true conservative."

I will give credit, where credit is due. You were at the very least, half-right! And you very seldom get anything right!

WCJ was not a conservative. He had to work with the last conservative congress we had which in his last year balanced the budget. Thay had the benefit of the tech boom to help them.

[surcher]

Originally Posted by CuteOldGuy

The fact remains, the economy is in the toilet, and President Obama and Speaker Boehner are seeing who can flush the fastest.

You're right to a point. With the republicans holding the house and the Tea Party holding the repubs balls, Boehner currently has his hand on the flusher.

[TexTushHog]

Originally Posted by txswing99

Ah, the folly of the conservative economic thinking...or lack thereof.

History shows us that government spending has been the only effective way to get out any recession...and at lest one rather big depression. Japan attempted to recover from a huge recession in the 90's using tax and spending cuts and they managed only to gain what economist's called, "A Lost Decade", or 2% or less yearly growth; that is why in the 80's everyone thought Japan would own America and today no one does. In the last 100 years, we see any country that follows the Conservative "recipe book" for fixing economy comes out of the other end weaker than ever.

Following the Conservative "recipe book" for fixing the economy ensures the same for the U.S., but more likely something worse....given that all that deficit spending in the last 10 years financed a set of wars that are guaranteed to blow back on us...with more enemies than friends out there.

For the last 10 years, we've had plenty of tax cuts and more...and we still barreled right into a recession. We will never be able to "slow" grow ourselves out of this recession...which is the only result of using the Conservative "recipe book"...and which only serves to protect existing investors and companies while ensuring that many jobs continue to be lost. "Fast" and "strong" growth strategies...those involving government spending and investments in new sectors...help new investors and competitive companies, as well as, the folks that need salaries, jobs, and services.

Fixing this economy is actually rather simple, at least in concept:
1. Have all banks split their bank operations from their finance operations...banks loan money and finance departments use money to bet on "things"...it's too easy to see why that is a problem. This is not socialist...its just how banks have always operated until 2001....when they took less than 10 yrs to tank the whole economy.

2. Reduce healthcare cost...its the reason why spending has increased in all sectors, public and private...and not we are not getting more value for the dollars spent...you pay wether you are sick or healthy during the year, and the cost still goes up the next year. By all accounts, healthcare is not ruled by the rules of a free market...in the middle of this recession...every hospital and insurance company has grown...you only had to count the number of large cranes lining the Houston skyline.

3. Spend, baby, government spend...preferably on those things areas that ensure a strong economic future for the U.S...and ensures a better position for our economy...yes, that is infrastructure, education, and others. We definitely need to be careful that we spend properly, but spend we should.

4. Refinance all mortgages...all the junk assets in every company around the world would have have AAA rating. In short, everyone's balance sheets -- personal, corporate, or governmental -- would instantly balance out properly. The loss would be like a quick bandaid being ripped off...everyone takes a loss, no one gains, so no one losses.

5. Stop the free tax ride...close the crazy loopholes for certain companies and sectors, as well as, rich folks that have been getting a free ride. Economy will not tank...it just means that they'll have to compete fairly in a "real" economy....where they have no competitive edge over others. Competition...it make scare them, but it does work to our benefit in the end.

6. Reduce spending...at least were possible. Hmm, defense.

So vote the guys that are brave enough to talk about these approaches. Everyone else is either lying to you or simply don't have the necessary "cojones" to lead in times of trouble. Or, worse, they simply don't get.

At this point, watching this debate unfold is like having a baby playing with a loaded gun, and having watched it already shoot three or four times. Handing any more "government jobs" to the Tea Party folks guarantees that she'll shoot you and herself...probably at the same time.

'nuff said?

-T

Bingo. Somebody gets it.

Brad DeLong and other insightful economists are now calling the current economic mess the Lesser Depression. And cutting government spending only further depresses aggregate demand. We need more government stimulus, not less. Drastically cutting government spending simultaneously with increasing public debt -- the Republican prescription -- will only turn the Lesser Depression into the Second Great Depression.

[waverunner234]

+1

[CPT Savajo]

Originally Posted by waverunner234

Every bubble will always burst at some point in the future, is that so hard to understand? Just watch the gold price in the next year of so and you will see another bubble burst.

Your right, every bubble will burst in due time. So you think the bubble will burst within the year in precious metals? How so, please explain yourself? If, and thats a BIG "IF" the precious metals market does collapse which sector do you think will be in bull market mode within the next year?

I'll tell you a bubble that should burst and is getting horrific as time goes on, it's the student loan debt! I'm sure there's enough hot air in that balloon that would rival the mortgage meltdown. The only thing that is propping up the cracked education system in this country is the fact that people aren't allowed to get that debt erased in a bankruptcy. Thats been a bubble in the making for a LONG time. It really doesn't make sense for many of these kids going to college for 4-8 years in an inflationary environment where universities are increasing tuition rates year in and year out. What jobs are they going to get carrying an average debt load of $25000-$100,000 with interest, better yet where are the jobs going to come from? The whole ideology of it takes a college degree to make it in this world is a huge crock of shit and the system pumps it in every kids head from day one. Many parents are even guilty of this.

Women definitely have the upperhand when it comes to paying off those debts. Some may call it a survival tactic in tough times. Either way a person has to do the necessary things inorder to make ends meet. When people get desperate they will go to extreme measures to ensure survival. http://www.huffingtonpost.com/2011/0..._n_913373.html

Explain your location?