Letters to the Editor
-
Not impressed
For $186 billion, the U.S. could have hired 3.72 million people for a year and paid them each $50,000.
OK, so I'm only counting the actual pay to the employees and neglecting the employer's overhead costs, but I'm also ignoring the taxes the government would be able to collect from the employed people.
-
What kind of jobs must be created?
There are much more fundamental changes for long-term job creation to happen in the United States than any stimulus checks cut by borrowing from China and Japan will provide.
This nation must start producing real products that can be sold to the rest of the world and not just shuffle money and credit around in the service sector. Our trade deficit approaching $1 trillion per year speaks to this ongoing challenge. Until this is resolved alongside reductions in massive government budget deficits from war and entitlement spending, we can expect the US dollar to continue to weaken in value. All the while, foreign entities (including sovereign wealth funds) will buy up US assets in exchange for all the dollars we have shipped to them for flat screen televisions, designer clothing, plastic toys, and interest on trillions in debt.
Success will come when jobs in the primary (agriculture, mining, etc) and secondary (manufacturing) sectors begin to replace those in the service sector. Financial and insurance service jobs, retail jobs that facilitate more consumer debt creation, real estate agents, etc are not a measure of progress. Yet, these are the same jobs likely to be supported by the short-term interventionist policies like the stimulus checks, artificially low interest rates, government housing bailouts, and banking bailouts. These government policies may create a short-term illusion of action for the upcoming elections, but are in fact further mortgaging our future and rapidly eroding the purchasing power of savings that individuals have set aside for their future.
-
The Jobs report is just more lies
The birth death model, and hedonics, makes the jobs report a fabrication only a stats freak could love. For I don't know how many months the monthly report was positive, but was subsequently revised lower. They could say a million and nobody would believe it. Add it to the long list of lies this administration keeps pushing, the biggest of which is inflation, in reality about 8%. Wait until Bush is out of office and Congressional Republicans put the bit in their teeth.
-
My opinion
The payments will create "at least 500,000 additional jobs," he said.
BWAHAHAHAHAHA!!!!
I think that should sum it up nicely.
-
outsource
Outsourcing has so many benefits:
1) Cost Savings
2) Time Zone Benefits
3) Quick Turn Around Time
4) Standardizing Business Processes
and many more....
http://www.outsourcewebsite.com
-
Dr. strangelove........bombs away
It’s been several years now since the Real Estate Leadership Folks started testing their obligatory “Cautious Optimism marketing campaigns.”“I think we’re starting to see a bottoming out process taking place………”; “We’re either at the bottom, or pretty darn close……” “We’re starting to get the feeling that some early bird bargain hunters are beginning to nibble at houses whose prices have been substantously reduced.”
I really would like to ask anyone here what they think is really taking place in our economy? I mean, we all know it sucks, and is more than likely going to get a whole lot worse before it gets better. But it’s always a question of degrees. Like unemployment is bad, and 25% unemployment is a whole lot badder.
Here’s my point: Once a rotten economy is factored into people’s daily psyche, a coat of dreadful complacency sets in as a buffer to greater fear. They’re able to slog through the rough times a little easier being sort of in a trance, than having to battle the daily emotional trauma of disaster being just around the corner.
Well what if this time, the trap doors really open big time, and our asses fall all the way to China, literally as well as figuratively? I also would really appreciate it, if you’re a dipshit dimwit, regarding t our economy and how it works (said with a smile on my face,) and you know who you are, you may ask questions, but please, no bullshit.
This is serious stuff.
I’ll go first:
We’re going down; really down, and really big. The only saving grace to what I believe we’re on the precip of is…….we won’t be crashing alone; big and small……..rich and poor; they all make the same sound at the end, “Splat!!”
I look around, and there isn’t a single life rope of the many traditional ones we’ve held onto in the past to pull us out of recessions. Show me. Educated workforce? Savings? Innovation? Unique national assets? Infrastructure? Solid and well funded financial institutions? Show me one of anything where we outshine our global completion. Twelve year old kids are sitting in their huts in Bangladesh, doing math on their computers, figuring out ways to make a little money to buy a nice new uniform for school. You believe that? It’s true. These “sewer rats, a few years ago, were the poverty poster children of the world. Well, they still live pretty much in poverty, but kicking the shit out of their American student counterparts in math and science, helps take the sting out of it. Did I say “kicks the shit out of……?” Sorry, I meant, “Rips their fucking colons out of their abdominal sacs and make sneakers out of them.
I’m sorry for the poor dramatization, and I don’t mean to pick on the students, but they’re just a perfect metaphor for every other weapon we used to have.
Help me out guys…….bad? worse? or overdoing the worry?
-
politicized economics is all BS
Any time a politician spouts one of these economic predictions, he's feeding us BS. He should be smacked down immediately, yet so much of the news media just passes along the message as though it had some meaning and as though the American people had no brains.
Economists have no consensus on how these sorts of "stimulus" or "growth" packages work...their estimates vary all over the place. This allows each politician to choose whichever estimate makes his preferred policy seem like it was ordained by god. In reality, the politicians are doing what they do for purely political reasons (i.e. to benefit favored factions of the population)--these job creation predictions are just a smoke screen that they put up so that their thievery isn't so blatant.