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THE Unemployment Thread pt 2 (merged)

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby Ludi » Sun 15 Feb 2009, 18:36:16

$this->bbcode_second_pass_quote('ReverseEngineer', '
')This might work fine on your nice subsistence permaculture farm, I am not certain however how you make it work for the millions of people living in big cities right now. What would you have them do, or is it just all leisure time?

Eventually perhaps we work our way back to localism, but how do you manage the transition here? Without the Zombies of course. ;-)




Oh, ok, I thought you were asking us what we would actually do, not what we would do if we were Queens of the World. :) Fortunately I'm not Queen of the World, just queen of my little corner of it, so I only work on very local solutions. People living in big cities will have to work out their own solutions, which may be very different from ours here.

For some ideas, I suggest the book "Beyond Civilization" by Daniel Quinn, which among other things describes a non-hierarchical approach to jobs/work.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby lawnchair » Sun 15 Feb 2009, 18:38:20

$this->bbcode_second_pass_quote('ReverseEngineer', '
')A Make Work Project is the most obvious solution, and so far not on the Horizon in the Obamanation. The theory they seem to have is that if you throw enough toilet paper at the Banksters, the Market will respond and magically produce jobs to start employing people again.


Historians, whether they feel the New Deal was necessary and the US was slowly improving in the late 1930s, or the new "FDR was satan" faction (note that these guys have only come out now that the people who lived in the Depression are mostly too old to kick their asses), generally agree that WWII shook us out of the Depression fully.

What was WWII, if not the biggest government-spending make-work project of all time?

Want to talk about paying people to dig holes and fill them up again? We did a whole lot of that really.

Not that war was, even then, a sane or lasting solution to economic overproduction, but we also are restricted from going down that road by the spectre of thermonuclear weapons.

I guess my first direction as command economist would be toward health care. If everyone is going toward 30-hour-weeks, doctors definitely should (they'll do better care less overwork). Break the AMA, and implement major, major openings in Physician Assistant and Nurse Practitioner mid-level primary-care training programs.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby Ludi » Sun 15 Feb 2009, 18:45:21

$this->bbcode_second_pass_quote('lawnchair', '
')Not that war was, even then, a sane or lasting solution to economic overproduction, but we also are restricted from going down that road by the spectre of thermonuclear weapons.



The US already spends an enormous percentage of the federal budget on "defense" (more than all other countries combined), and no limit in sight. Already huge numbers of jobs in "defense" and plenty more available.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby ReverseEngineer » Sun 15 Feb 2009, 18:49:44

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('ReverseEngineer', '
')
Sounds suspiciously like the same kind of Ponzi Scheme that got us here in the first place.



Yep, it sure is. It's entirely dependent on other countries offering us credit.

Did you read the section about allocation of the "recovery zone" bonds to the states? It looks like it will be up to the states to then allocate the funds to the projects.

I have to admit I have not read much of the bill. Firstly, because I don't really expect it to do much good, and secondly because the final version isn't even available to read yet, that I can find. Apparently, the final version wasn't even available to read until right before the vote. :-x


I haven't read it, just gleaning what I can from the newz stories. However, I don't really need to read it to know its not going to work. It doesn't address the fundamental problem of a failing monetary system. You can't keep issuing Bonds and still more Irredeemable Debt because there really isn't anyone who will buy these Bonds anymore.

Obama isn't doing anything new, he's just amplifying the same ideas of operating on debt that the banksters have been selling since time immemorial. I don't know where the "real change" is here with the Obamanation, it looks like the same old dumb ideas being recycled again to me. Its plain stupid to think the states ad municipalities will take any money they get to build new infrastructure when they can't pay their police and fire depts NOW. The money will be used up just keeping the cops on the street for another 6 months. Then what? ANOTHER Obailout? What?

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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby gt1370a » Sun 15 Feb 2009, 18:54:31

$this->bbcode_second_pass_quote('ReverseEngineer', 'H')owever, given that Capitalism has proven itself to be a complete and magnificent FAILURE here, you really have to scrap this monetary system and set up a command economy where you define the value of everything and set production goals and so forth.


Fannie, Freddie, and the Federal Reserve are NOT products of capitalism. Under capitalism, money will always try to seek out the highest rate of return. Because the Fed cut interest rates and reduced lending standards, and because Fannie and Freddie were buying any and all mortgages, the risk-adjusted return for mortgage-related assets was artificially high, which resulted directly in the mess we're in. This is a failure of government intervention, not capitalism.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby Ludi » Sun 15 Feb 2009, 19:09:04

$this->bbcode_second_pass_quote('ReverseEngineer', ' ')I don't know where the "real change" is here with the Obamanation



Nope, not a whole lot different in many ways. But real change isn't likely in this system, which rewards the status quo.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby ReverseEngineer » Sun 15 Feb 2009, 19:16:21

$this->bbcode_second_pass_quote('gt1370a', '')$this->bbcode_second_pass_quote('ReverseEngineer', 'H')owever, given that Capitalism has proven itself to be a complete and magnificent FAILURE here, you really have to scrap this monetary system and set up a command economy where you define the value of everything and set production goals and so forth.


Fannie, Freddie, and the Federal Reserve are NOT products of capitalism. Under capitalism, money will always try to seek out the highest rate of return. Because the Fed cut interest rates and reduced lending standards, and because Fannie and Freddie were buying any and all mortgages, the risk-adjusted return for mortgage-related assets was artificially high, which resulted directly in the mess we're in. This is a failure of government intervention, not capitalism.


Who's talking about Fannie and Freddie? I'm talking about every Auto company in the WORLD from GM to Honda, from Chrysler to BMW ALL bleeding red ink like a stuck pig. I'm talking about 67,000 factories in China with their doors shut and millions of Chinese out of work. I'm talking about the Baltic Dry Index as close to Zero as you can get and still move a ship off the dock. I'm talking so many containers piling up in Hong Kong they are shipping them over to the airport for storage. I'm talking about Lehman Bros and Merrill Lynch going Belly Up, followed by about 3-5 new banks every Friday. I'm talking about Calpers Pension Fund going Insolvent. I'm talking about every municipality in the US laying off Police and Firemen because there aren't enough Capitalist businesses still running to pay enough taxes to keep your streets safe.

You know, when Communism went out it didn't even do it in such spectacular fashion as Capitalism crashing is doing now. It is a STUPENDOUS failure by any measure. This most certainly is a failure of Capitalism at its very core, the monetary system upon which it all is based. To think otherwise is simply ignoring the facts before your very eyes.

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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby gt1370a » Sun 15 Feb 2009, 20:17:26

$this->bbcode_second_pass_quote('ReverseEngineer', 'W')ho's talking about Fannie and Freddie? I'm talking about every Auto company in the WORLD from GM to Honda, from Chrysler to BMW ALL bleeding red ink like a stuck pig. I'm talking about 67,000 factories in China with their doors shut and millions of Chinese out of


Right, but why did all of those industries scale up the way they did in the first place? Because people could refinance their homes, cash out, and buy crap. And why could they do that? Government intervention (fannie, freddie, fed). All of those industries built up excess capacity because of distortions that the government introduced to the market. Now the market is trying to destroy that excess capacity by default, deleveraging, and bankruptcy, but the government has decided that is unacceptable to and is intervening to stop it. This creates more uncertainty and drags problems out longer, and the result will end up being worse.

I stick to my point, these problems were caused by, and are being exacerbated by, government intervention. It is a failure of government, not capitalism.

Not to even mention the massive expansion of government and increases in government spending over the last 8 years which were a contributing factor as well.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby Kristen » Sun 15 Feb 2009, 20:22:44

Yeah it's really a tragedy. You lose you're job and you have 13 months before you shoot yourself.
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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby ReverseEngineer » Sun 15 Feb 2009, 20:27:40

$this->bbcode_second_pass_quote('gt1370a', ' ') It is a failure of government, not capitalism.


Government is OWNED by Capitalism. The Bankers own the Government. They are one in the same thing in a capitalist system. Why was the mortgage market deregulated? So the Banksters could create another bubble and sieve out still more wealth from the system. The failure is that of Capitalism, because Capitalism IS the Government in such a system. They own the politicians who run the government.

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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby IgnoranceIsBliss » Sun 15 Feb 2009, 20:49:43

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('ReverseEngineer', '
')
Sounds suspiciously like the same kind of Ponzi Scheme that got us here in the first place.



Yep, it sure is. It's entirely dependent on other countries offering us credit.

Did you read the section about allocation of the "recovery zone" bonds to the states? It looks like it will be up to the states to then allocate the funds to the projects.

I have to admit I have not read much of the bill. Firstly, because I don't really expect it to do much good, and secondly because the final version isn't even available to read yet, that I can find. Apparently, the final version wasn't even available to read until right before the vote. :-x


I haven't read it, just gleaning what I can from the newz stories. However, I don't really need to read it to know its not going to work. It doesn't address the fundamental problem of a failing monetary system. You can't keep issuing Bonds and still more Irredeemable Debt because there really isn't anyone who will buy these Bonds anymore.

Obama isn't doing anything new, he's just amplifying the same ideas of operating on debt that the banksters have been selling since time immemorial. I don't know where the "real change" is here with the Obamanation, it looks like the same old dumb ideas being recycled again to me. Its plain stupid to think the states ad municipalities will take any money they get to build new infrastructure when they can't pay their police and fire depts NOW. The money will be used up just keeping the cops on the street for another 6 months. Then what? ANOTHER Obailout? What?

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Re: Rise In Jobless Poses Threat To Stability Worldwide

Unread postby IgnoranceIsBliss » Sun 15 Feb 2009, 20:51:46

Sorry, I had technical problems. Will post later.
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Jobless rate bolts to 8.1 percent, 651K jobs lost

Unread postby Ache » Fri 06 Mar 2009, 17:13:59

Friday's employment report showed that the U.S. economy lost 651,000 jobs in February, with the unemployment rate rising to 8.1%

$this->bbcode_second_pass_quote('', 'T')he nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.

Both figures were worse than analysts expected and the Labor Department's report shows America's workers being clobbered by a wave of layoffs unlikely to ease in the coming months.

"There is no light at the end of the tunnel with these numbers," said Nigel Gault, economist at IHS Global Insight. "Job losses were everywhere and there's no hope for a turnaround any time soon."


Sliding economy raises questions about credit scores
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Re: Jobless rate bolts to 8.1 percent, 651K jobs lost

Unread postby Dreamtwister » Fri 06 Mar 2009, 18:33:58

8.1%? That's a fantasy. Try 19%.
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Re: Jobless rate bolts to 8.1 percent, 651K jobs lost

Unread postby vision-master » Fri 06 Mar 2009, 18:35:00

$this->bbcode_second_pass_quote('', 'A') record 31.8 million Americans were receiving food stamps at the latest count, an increase of 700,000 people in a month and equal to around 10% of the entire US population.

Food stamps, which help poor people buy groceries, are the major US anti-hunger program, forecast to cost at least $US51 billion in the American financial year ending September 30. That will be five times the 2008 cost of $US10 billion, according to figures out overnight.

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Re: Jobless rate bolts to 8.1 percent, 651K jobs lost

Unread postby jasonraymondson » Fri 06 Mar 2009, 23:25:10

How many people are under-employed?
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Re: Jobless rate bolts to 8.1 percent, 651K jobs lost

Unread postby Daniel_Plainview » Fri 06 Mar 2009, 23:49:51

$this->bbcode_second_pass_quote('jasonraymondson', 'H')ow many people are under-employed?


How many people have been forced take a cut in pay below their standard of living?
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7 States See Jobless Numbers Over 10%

Unread postby deMolay » Sun 29 Mar 2009, 10:55:19

In this report, since the last jobless report the number of states with over 10% unemployment has doubled. And 49 more states have seen increased unemployment. Those who think the crisis has passed and a short uptick in the DOW indicates a turnaround are fooling themselves.http://www.washingtonpost.com/wp-dyn/content/article/2009/03/27/AR2009032700979.html
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Re: 7 States See Jobless Numbers Over 10%

Unread postby shortonsense » Sun 29 Mar 2009, 11:55:25

$this->bbcode_second_pass_quote('deMolay', 'I')n this report, since the last jobless report the number of states with over 10% unemployment has doubled. And 49 more states have seen increased unemployment. Those who think the crisis has passed and a short uptick in the DOW indicates a turnaround are fooling themselves.


Its called a recession. Unemployment goes up. Apparently for 49 states. The number of states above 10% doubling consists of going from 4, to 7. While "doubling" makes it sound all scary, we are talking about 3.

The DOW hasn't risen in a "short uptick", technically it crossed into bull market territory last week.

Language is important, and is often used within the peak oil debate to slant the connotation of whats actually happening into one persons favorite scenario of Doom or another.

Look how easy it is to go from "the crisis has passed" and "a short uptick" to "Dow screams into Bull Market territory!".

Peak oil is similar, much has been made about only the supply volume of a particular commodity and what happens when it decreases....and then it decreases, and we get happy motoring again versus lack of food for tractors and mass starvation.

The article you reference certainly seems like it wants to fall on the "scary" side of reporting, versus anything remotely objective.
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Re: 7 States See Jobless Numbers Over 10%

Unread postby Schmuto » Sun 29 Mar 2009, 12:08:13

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('deMolay', 'I')n this report, since the last jobless report the number of states with over 10% unemployment has doubled. And 49 more states have seen increased unemployment. Those who think the crisis has passed and a short uptick in the DOW indicates a turnaround are fooling themselves.


Its called a recession. . . . versus anything remotely objective.


What? Not clear.
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