US Unemployment is 5.5%

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  • MK Ultra
    Confirmed User
    • Jun 2007
    • 879
    #76
    Originally posted by RummyBoy
    This MK Ultra dude said something so relevant, even if his username does sound like new Colgate toothpaste


    Project MKUltra - Wikipedia, the free encyclopedia

    I'm no conspiracy theorist that shit really happened and went on for 20 years.

    Government cannot be trusted, ever. I am baffled by people who can't grasp that simple fact.

    Government is run by people and people can be counted on to invariably move in the direction that promotes their own self-interest over that of all others.
    Our Founders understood this and tried to limit the size and scope of the federal government but I'm afraid they just didn't put in enough safeguards.

    Altruism is a fine word, but in Washington DC all other seats of government that's all it is, just a word.

    The word that's much more relevant is power.

    Originally posted by aka123
    We had source critical reading lessons in school. But it included every source. Including "The federalist", or whatever is the source for your graph (we were also taught to put trackable source; link or where it was published, when, page, etc.).

    Just saying.
    Sorry I must have slept through that class

      Comment

      • Rochard
        Jägermeister Test Pilot
        • Dec 2001
        • 75733
        #77
        Originally posted by bronco67
        How does someone "drop out of the workforce" and just give up totally looking for a job?
        Simple - they weren't really looking for a job in the first place.

        My older brother lost his job and went on unemployment. His (common law) wife has a full time job and makes enough to support the two of them if they cut back a little. Although my brother is pushing age fifty, the truth is he really has only had one job his entire life and only recently; He isn't qualified to do anything more than entry level work. At that point, why bother with working if you don't have to?
        Herschel Savage
        Brooklyn, NY

          Comment

          • GregE
            Confirmed User
            • Jul 2004
            • 2704
            #78
            Originally posted by crockett
            If there are no jobs where you live then you move.. If "YOU" choose to live in an area which has no jobs, then it is "YOU" whom are to blame not the govt or anyone else.
            Three words: Upside down mortgage

            What made this last recession especially bad was that the ability to simply pickup and move is no longer a viable option for all too many.

            50/50 lifetime payout - EXCLUSIVE CONTENT - CCBill
            CLiCK here for your Bun Beating Dollars.

              Comment

              • RummyBoy
                Confirmed User
                • Dec 2009
                • 2157
                #79
                Originally posted by MK Ultra
                Government is run by people and people can be counted on to invariably move in the direction that promotes their own self-interest over that of all others.
                It's good you're awake enough to understand that...... 99% of people blindly believe their governments and trust them implicitly.

                  Comment

                  • RummyBoy
                    Confirmed User
                    • Dec 2009
                    • 2157
                    #80
                    Originally posted by Buff
                    Credit where it's due. Rochard's right about how strong the US economy is: the economy is so robust that 92,898,000 of the 249,899,000 Americans in the potential labor force (16 or older who were not in the military or an institution) are so well off that they don't have to work anymore!
                    Are you talking about this 93 million? You're right they've decided they don't actually need a job to survive comfortably..... better to sit at home, browse facebook, watch tv and get paid for it.

                      Comment

                      • Rochard
                        Jägermeister Test Pilot
                        • Dec 2001
                        • 75733
                        #81
                        Originally posted by RummyBoy
                        Are you talking about this 93 million? You're right they've decided they don't actually need a job to survive comfortably..... better to sit at home, browse facebook, watch tv and get paid for it.
                        But there is always a large number of Americans who do not work and are not looking for work. It blows me away that people do not understand this.

                        There is a difference between being unemployed and not needing to work.
                        Herschel Savage
                        Brooklyn, NY

                          Comment

                          • OY
                            Industry Pioneer
                            • Oct 2002
                            • 5401
                            #82
                            Originally posted by baddog
                            You do realize that people automatically drop off the unemployed list as soon as their benefits run out, right? They don't have to be employed to not be counted as unemployed.
                            Was that not the case during previous periods?
                            Around since 1997, and the company that introduced "Cascading Billing" in MPA3® Affiliate Management and Tracking Software

                            Outsourcing With A Norwegian Twist - NordBits - Inquire within!

                              Comment

                              • crockett
                                in a van by the river
                                • May 2003
                                • 76818
                                #83
                                Originally posted by GregE
                                Three words: Upside down mortgage

                                What made this last recession especially bad was that the ability to simply pickup and move is no longer a viable option for all too many.
                                That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

                                You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.
                                In November, you can vote for America's next president or its first dictator.

                                  Comment

                                  • GregE
                                    Confirmed User
                                    • Jul 2004
                                    • 2704
                                    #84
                                    Originally posted by crockett
                                    That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

                                    You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.
                                    Many (probably most) of them could afford the house when they were working and who's to say they didn't have enough money set aside to go a good many months sans paycheck. At some point that money runs out though and if the nearest decent job is hundreds of miles away they can't sell a place that's worth less than owe on it.

                                    Some guys get around that by doing the weekly motel room rate thing where the job is while leaving the family in the house and others find someone to rent their house and make the mortgage payments that way. A friend of mine has had a tenet in his upside down house for the last four years. These things are not always doable however.

                                    50/50 lifetime payout - EXCLUSIVE CONTENT - CCBill
                                    CLiCK here for your Bun Beating Dollars.

                                      Comment

                                      • 2MuchMark
                                        Mark of 2Much.net
                                        • Aug 2004
                                        • 50968
                                        #85
                                        No matter how much better things are getting, Obama haters will still hate Obama, even if they don't understand why.

                                          Comment

                                          • RummyBoy
                                            Confirmed User
                                            • Dec 2009
                                            • 2157
                                            #86
                                            Basically, in GFY you guys need to look at:

                                            (1) Who believes the figures.

                                            (2) Who doesn't believe figures.

                                            Then compare the two sets of people in each category. One set is likely to be more intelligent, more well informed, higher net worth and overall higher class than the other set.

                                            Simply put, there is a reason why we still have zero % (crisis level) interest rates over six years since the crisis. That reason is that the financial crisis is not over, it has just been patched over with QE and is bobbing along nicely. However, there is not enough global growth so you have countries trying to steal each others growth through competitive devaluations. In this environment, the US is still probably in the best position in terms of the western economies but it's not a "great" economy right now.

                                              Comment

                                              • Rochard
                                                Jägermeister Test Pilot
                                                • Dec 2001
                                                • 75733
                                                #87
                                                Originally posted by crockett
                                                That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

                                                You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.
                                                When I bought my house I qualified for a much larger loan. I bought a five bedroom house for the three of us, and that was plenty. It was one of five model homes here. I surely wasn't living paycheck to paycheck; I was tucking away money into savings every month - and not small amounts either. When I was unemployed and the recession hit, I was fucked. My saving grace was the money we had put into savings.

                                                On the other hand, I did have friends here in town who continued to re-fiance their house through the boom. Every time their house went up in value, they took more money out. they didn't make much money, maybe $75k combined. Yet he had a really nice brand new truck, a boat, a motorcycle, a jeep, jet skis, and ATVs. When the recession his he lost his job. They tried to sell everything, but during the recession no one was interested in paying a decent price for someone's used toys. They eventually lost their house.
                                                Herschel Savage
                                                Brooklyn, NY

                                                  Comment

                                                  • Rochard
                                                    Jägermeister Test Pilot
                                                    • Dec 2001
                                                    • 75733
                                                    #88
                                                    Originally posted by RummyBoy
                                                    Basically, in GFY you guys need to look at:

                                                    (1) Who believes the figures.

                                                    (2) Who doesn't believe figures.

                                                    Then compare the two sets of people in each category. One set is likely to be more intelligent, more well informed, higher net worth and overall higher class than the other set.

                                                    Simply put, there is a reason why we still have zero % (crisis level) interest rates over six years since the crisis. That reason is that the financial crisis is not over, it has just been patched over with QE and is bobbing along nicely. However, there is not enough global growth so you have countries trying to steal each others growth through competitive devaluations. In this environment, the US is still probably in the best position in terms of the western economies but it's not a "great" economy right now.
                                                    I do not believe the crisis is over.

                                                    I've said this before - This is not a four or eight year problem. It's a ten to fifteen year problem. I am forty-six years old and I've never seen us brought to our knees like this. Everything just stopped.

                                                    Is it a "great economy"? For right now - yes, it is. Maybe not compared that what we considered a great economy ten years ago, but for right now it is the best we can do.
                                                    Herschel Savage
                                                    Brooklyn, NY

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