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Letters
Friday, November 6, 2009 12:00 AM

Unemployment's black October

The new labor numbers inspire dismay and despair. Come on, people -- it's not like we didn't have ample warning

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Friday, November 6, 2009 01:22 PM

So Krugman based part of his cautiously hopeful, tenuous relief on...

...the stock market going up?

Friday, November 6, 2009 01:24 PM

You want what's coming down distilled?

http://www.michaellutin.com/futureofamericavf.htm

Friday, November 6, 2009 01:39 PM

Civil Unrest is coming

The social fabric of jobs, the economy and civil calm is being stretched. If things don't improve by the spring, look for civil unrest.

Given this is likely a once in several generations re-boot, a WPA-like jobs program is probably needed. Why wait. If you're paying out all that unemployment, why not at least get something out of it.

The one thing I am thankful is that Obama is in there. If we had McCain, we'd be in full depression right now.

Friday, November 6, 2009 01:45 PM

Many people told you street dancing, hipster interns...

...BO had no intention of doing anything aligned with your interests. Before the election we told you.

McCain is irrelevant to this other than, you'll never know how McCain would be doing right now as President.

Friday, November 6, 2009 01:54 PM

FYI: "Alternative measures of labor underutilization" (BLS)

www.bls.gov/news.release/empsit.t12.htm

It appears that the true un(der)employment rate is approaching 20 percent!

Friday, November 6, 2009 01:55 PM

Nurse! Good news - the patient's rate of blood loss is slowing!

"But doctor - is that because the wound is closing, or is the patient running out of blood?"

"Check the pressure, nurse! Aaahh, ah see... dropping, is it? Prep for a transfusion!"

$700 billion takes a while to inject - and then the patient gets up, totters out the door, whiskey glass in hand, ready for another round at the bar.

"Oh my," says the nurse, "we'll be seeing him again soon, won't we?"

"We can plug holes with cash, my dear," said the doctor, "but we've yet to find a cure for irrational exuberance and short-sighted greed - at least not one that the patient will accept."

"Can't we simply hold him here?"

"My dear child, that man owns this entire hospital! He'll have his whiskey if it kills him."

Friday, November 6, 2009 02:08 PM

McCain? A principle architect of the Savings & Loan bailout and the Glass-Steagall repeal...

It's pretty obvious what he'd be doing. This is the guy who hired Gramm as his economic advisor, as well. Of course, we might very well have a President Palin by now if McCain had made it into office. Think about that... President Sarah Palin... doesn't it make your neck tingle?

McCain's top five donor employers were fairly similar to Obama's:

Merrill Lynch $373,595

Citigroup Inc $322,051

Morgan Stanley $273,452

Goldman Sachs $230,095

JPMorgan Chase & Co $228,107

Here, for comparison, are Obama's top five donor employers:

University of California $1,591,395

Goldman Sachs $994,795

Harvard University $854,747

Microsoft Corp $833,617

Google Inc $803,436

Pay to play, money plays, place your chips before the buzzer!

Keep in mind, those numbers are out of total expendiures of $730 million and $333 million - a billion dollar campaign.

Friday, November 6, 2009 02:09 PM

Dear Andrew Leonard,

The only one surprised by the unemployment numbers is YOU -- and the others who float around in insulated cliques.

Everyone in the real world knows the economy is shit. It's not getting better. It won't get better anytime soon. People are fed up and there's going to be civil unrest in the new year, unless fair trade is enacted and real solutios are put into play.

The Dems and Repubs are bought and paid for. The corps run this country. So don't expect a miracle, folks. Just get your passport in order for when you have to flee the country during the military takeover!

Friday, November 6, 2009 02:21 PM

18% Unemployment in Construction

over 60,000 jobs lost in October.

No, it's not getting better.

Projects are going cheaper than they have in 5 years or more. Firms are paying to work, digging in deeper. Stimulus projects are either very specialized (roads, clean rooms, etc.) or too big for mid-sized or smaller companies. (Who can bond 5% (CASH) on $80M? Not many.)

No, it's not getting better.

Friday, November 6, 2009 02:39 PM

Republican takeover would be good

Obviously, the ignorant masses didn't learn anything from the last conservatism-inspired economic collapse. Let's give them some real pain so they don't forget it.

Seriously, if McCain would have won and republicans still had Congress we would be hunting republicans with DOGS by now.

Friday, November 6, 2009 03:07 PM

@jerryo

>...if McCain would have won and republicans still had Congress we would be hunting republicans with DOGS by now.

I always get diss'ed when I point out that it has to get worse before it gets better. I'm glad to hear someone else say it.

Not that I like the idea. I'm no great admirer of Obama, but even with the current situation he's better than McCain. Thing is, Obama (or whomever besides the nuts from Rightwingistan) came too early. People didn't have enough crap dumped on them. He got elected in '1929', not '1932'. As I've mentioned in earlier posts, I have a nearly centenarian neighbor who remembers the GD pretty well. Nobody was really freaking out that much until 1931-2. It wasn't until the fecal matter started hitting the blades with the force & regularity of an overdose of Metamucil than things changed.

If FDR had run a handful of years earlier, he'd never have gotten into office. By slowing - not preventing - the current problems Obama et al may postponed the pain, but I'm not convinced we're going to avoid it. At least, not as things are now...

Friday, November 6, 2009 03:20 PM

FYI: "China brands US 'protectionist'"

www.ft.com/cms/s/0/6b6956e6-cb01-11de-97e0-00144feabdc0.html?ftcamp=rss

Friday, November 6, 2009 03:33 PM

We must have different definitions of "similar"

McCain's top five donor employers were fairly similar to Obama's:

I like how having one donor employer in common qualifies as "fairly similar."

Friday, November 6, 2009 03:45 PM

Yea limiting way to go

By your logic, your top 5's would show that Obama was for education and high tech. McCain's shows: wall st. bailout

Friday, November 6, 2009 03:50 PM

Etrigone

I think we had/have two ways to go on this. The collapse could have spurred the emergence of a liberal populist who would harshly scapegoat conservatives and the rich while turning us more socialist overnight. Or it could have caused a fascist uprising like the teabaggers where people blame the poor (plus the usual suspects).

The former would require a liberal party with testicles which we know the democratic party is not.

We've got the latter right now.

Best to sit back and enjoy watching the teabaggers squirm as their lot in life shrinks. If they manage to put republicans back in power we can watch them lose everything as the capitalist predators are unleashed yet again to take what little the middle class has left.

We saw what happened to the "reagan democrats", those middle America union guys who thought that voting in republicans would result in cutting off the poor they blamed for their tax bill and then they'd have more take-home pay to buy a bigger bass boat and better beer. Those "reagan democrats" and their sons are now making $5.45 an hour folding clothes next to their wives at WalMart. That's why, while I love Michael Moore's work, I think he ignores the part his manufacturing base victims played in their own demise.

Maybe when the stupid middle class is living in tents they'll get a clue. Until then, I don't have much hope.

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