May Non-farm payroll

ssd

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Take away the Birth/Death adjustment of 206,000 and the NFP is: -150,000.
Only the largest monthly B/D adjustment in over a year. Take away the McDonalds addition of 62,000 janitorial, part-time jobs and the economy really lost over 200,000 in May.

Looks like the Fed's Quantitative II package as well as the extension of the tax cuts has been an utter failure....well, a failure for the common man but not for the elite, who those programs were really designed to enrich.
 

Trench

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Obama thought JOB 1 was Obama Care, what an IDIOT.

:facepalm:
Youre-fired.jpg

"You're fired Skulnik!"

+1
 

Trench

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Take away the Birth/Death adjustment of 206,000 and the NFP is: -150,000.
Only the largest monthly B/D adjustment in over a year. Take away the McDonalds addition of 62,000 janitorial, part-time jobs and the economy really lost over 200,000 in May.
We can go back to Jan./2009 when Obama took office and we were losing 850,000 jobs a month. :shrug:
 

The Sponge

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We can go back to Jan./2009 when Obama took office and we were losing 850,000 jobs a month. :shrug:

That would be like blaming Bush for this god awful mess Trench but we are not allowed to do that. :nono: I said this when Obama was elected and i will say it again. You had to be super human to get us out of this mess. He wasn't gonna do it and when the Dems got voted out of office by people with no common sense, it made it impossible. The same assholes that brought this mess now filibuster everything to keep us in this mess. They are worried about the debt but want more tax breaks for the wealthy. They are worried about the debt but want more tax breaks for corporations. They are worried about the debt but won't cut one penny from the elite but will cut the throat of the middle class and the poor. the enemy isn't Al qaeda. The enemy are these spineless Republicans who can't stand on their own and vote for what is best for the country and instead they all will take their marching orders from a bunch of neo-con scumbags. Just watch the debate's. The same old tired ideas that got us into this mess will be at the forefront. Lower taxes and less regulations. Anyone with an ounce of common sense knows that when u don't regulate a greedy prick he will cut ur throat to make that next dollar. Lower taxes don't create one shit of a job. People with cash in their pockets do.
 

ssd

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I'm not knocking Obama or Bush here. I do not believe the statistics that are reported and I do not like the WAY they are reported.

Regardless of WHO got us into this mess, what they (whomever THEY are) are trying to do to get us out of it is NOT working.

Take a good hard look at Gov Gary Johnson please.

I had dinner with the man when he was in Cleveland.

I like him alot.
 

Chadman

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In my opinion, the unemployment rate will never - if ever - return to 4-5%, unless we have some kind of major change in our country that starts a new wave of jobs (whatever that could be). For lack of anything specific, let's just say renewable energy or some such thing. Or some new form of energy or housing or new business that creates something unknown to us now.

I think the business environment has forever changed in the end of the Bush era and start of Obama's. Companies have learned how to work leaner with fewer employees to get the job done and won't look to beef up employees like they would have before. Let alone all the big companies that have turned to outsourcing for a large part of their employee roles.

I'm not saying republicans or democrats are to blame necessarily, I just think things have changed forever, unless something really different comes around - which hopefully it will.
 

Chadman

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ssd, I admire that you mention both the easing AND extending tax cuts as being at issue. That's a fair way to look at the issue - and not just blame one side or the other. :toast:
 

Trench

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In my opinion, the unemployment rate will never - if ever - return to 4-5%, unless we have some kind of major change in our country that starts a new wave of jobs (whatever that could be).
A growing population with an ever shrinking manufacturing base = low paying service sector jobs and higher unemployment rates. In the last 10 years, we've closed 50,000 factories in this country. Those jobs, for the most part, are in China now.

Can we reverse that trend? I don't know but the 2% tariff on products imported from China makes it too easy for U.S. corporations to outsource jobs to China. As much as I hate to agree with The Donald, we have to address this problem.
 

The Sponge

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ssd, I admire that you mention both the easing AND extending tax cuts as being at issue. That's a fair way to look at the issue - and not just blame one side or the other. :toast:

Chad tell me how Obama was supposed to end those tax breaks of Bush without destroying a whole lot of families who were on unemployment? He was blackmailed into letting those tax breaks continue. All of them should have stopped. Not just the riches. If u want to blame Obama for something i would blame him for wanting to continue the middle class break. Hell i ain't a guy who likes to pay taxes but in times like this u need revenue to replaces all the money that is gone. The easy thing to do is get the money from the people who got it but u can't do that because one certain side continues to go down the same path and won't let ya get that money. Of course we also have that handful of democrats who will vote with these shitbags and their programs, just in case a few of them jump ship like Snow.
 

rusty

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Chad tell me how Obama was supposed to end those tax breaks of Bush without destroying a whole lot of families who were on unemployment? He was blackmailed into letting those tax breaks continue. All of them should have stopped. Not just the riches. If u want to blame Obama for something i would blame him for wanting to continue the middle class break. Hell i ain't a guy who likes to pay taxes but in times like this u need revenue to replaces all the money that is gone. The easy thing to do is get the money from the people who got it but u can't do that because one certain side continues to go down the same path and won't let ya get that money. Of course we also have that handful of democrats who will vote with these shitbags and their programs, just in case a few of them jump ship like Snow.

Sponge,this is actually a intelligent well thought out post.I didn't think you had it in you.It was also mostly clean,you just couldn't go without at least one swear:facepalm: Impressive none the less.
You should respond like this more often,but for some reason I doubt it.
 

Chadman

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Chad tell me how Obama was supposed to end those tax breaks of Bush without destroying a whole lot of families who were on unemployment? He was blackmailed into letting those tax breaks continue. All of them should have stopped. Not just the riches.

I guess I don't understand what you mean, Sponge. How were families that were on unemployment in the same tax bracket as when they were employed? I certainly know that when my hours were cut dramatically and then I subsequently stopped working (and drawing partial unemployment of my own decision) that our tax bracket changed quite a bit last year. I have long maintained that as long as our country is at war or in multiple wars that there should be no tax cuts for any Americans - and I had no problem with tax cuts going back to historically low rates (before the cuts).

I do understand keeping tax cuts alive for people when things are so tough - for those people. It helps them get by. Not for the upper 1% - they don't do anything with that money that helps anyone but themselves (the economy and job numbers have shown that). I do think the tax cuts hurt the overall deficit, but you can't just blame tax cuts for that. You have to blame spending and democrats for that, too - otherwise, you're not being realistic.
 

The Sponge

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Sponge,this is actually a intelligent well thought out post.I didn't think you had it in you.It was also mostly clean,you just couldn't go without at least one swear:facepalm: Impressive none the less.
You should respond like this more often,but for some reason I doubt it.

Rusty is ur spacebar broke for goodness sakes? By the way this is how a guy who is fed up post. Trying to reason with a con man gets u no where my brother so i let them know what i think about them.
 

rusty

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Rusty is ur spacebar broke for goodness sakes? By the way this is how a guy who is fed up post. Trying to reason with a con man gets u no where my brother so i let them know what i think about them.

Is your spacebar broke?????:mj07:
 

DOGS THAT BARK

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Agree with Chad we will never see 5% unemployment again--nor will we ever see the 80/20 ratio of tax payor to non payor again.

--on the unemployment issue

We have basically 3 choices per our overwhelming debt--higher taxes cut spending or default.

Default would be suicide on economy
Cut spending is suicide on voting block considering we now have 50/50 ratio on tax payors.

--and here is article that points out what is going down now on job situation and will continue unless something changes.

http://www.nypost.com/p/news/opinion/opedcolumnists/jobs_export_economy_68cw8tK1iwVYYEd2dJUxmL

The problem for the average American worker: Businesses have learned to make money by cutting costs (i.e., jobs) or relocating to China and India. And it's not merely that it's cheaper to operate overseas; a huge part of the problem is the fear that it's going to keep getting more expensive to hire here.
Both small-business owners, and analysts who cover these companies tell me that many American businesses would like to stay here, but they see no letup in sight in the endless stream of taxes and regulations coming from an administration most of them consider anti-business.
 

ssd

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Oh, it can come back.

America can rebuild it's manufacturing base. Wages will not stay low in China or Pakistan or wherever, forever.

There are many scenarios one can unfold that will bring back manufacturing jobs to America. Not are all plausible or even feasible.


Americans pay too much in tax already and the majority of that money is wasted, IMHO.

Change the habits in Washington, so that the average American has some disposable income left to spend - not maintain their current standard of living on a credit.
 

Skulnik

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http://www.philly.com/philly/opinion/inquirer/123174693.html


Protecting workers ... or costing jobs?




Posted on Sun, Jun. 5, 2011



Labor board rewards unions while targeting right-to-work states.



Tom Leppert
served as mayor of Dallas from 2007 to 2011 and is a Republican candidate for U.S. Senate

The Obama administration has launched a battle in South Carolina that is both a strike at Texas and an attack upon America's free-enterprise system.

The airplane manufacturer Boeing would like to expand its operations and create jobs with a new facility in North Charleston, but the National Labor Relations Board has taken legal action against the company because South Carolina, like Texas, is a right-to-work state.

The NLRB says Boeing can't expand into South Carolina. It must instead keep all its workers in Washington, where it already has facilities and faces a toxic business climate. Washington is a state with forced unionization, and Boeing has regularly confronted work stoppages by the unions.

If the Obama administration succeeds in this attempt to tell businesses where they're allowed to set up shop and decide where workers can be employed, then it is not just South Carolina jobs that are in danger. Texas jobs are at stake as well, and the NLRB could soon be issuing rulings that companies cannot create jobs in Texas. And, even further, this will have the unintended consequence of encouraging companies to locate facilities overseas just to be competitive in today's global economy.

Right-to-work empowers workers and has fueled the nation's economic growth. Rather than forcing anyone to join a union to obtain a job, it gives a person the liberty to decide if that's the choice for them. Texas and 21 other states guarantee this right, and studies show these states have all seen stronger job growth, income growth, and population growth than states that force workers to join unions as a prerequisite for employment.

One economist found that 4.8 million people left their forced-unionization states in favor of right-to-work between 2000 and 2008. Right-to-work states also have better-educated workforces, and even as health-care coverage in other states dropped by 5.7 percent between 1999 and 2009, coverage in right-to-work states increased.

With all the advantages right-to-work has over forced unionization, it's not surprising that Big Labor and its surrogates on the NLRB are doing whatever they can to stop Boeing from creating jobs in South Carolina.

Since becoming president, Barack Obama has stacked the NLRB with pro-union political appointees. The Senate rejected the appointment of Craig Becker to the NLRB, but Obama made a recess appointment, circumventing the Senate's constitutional authority to approve nominations. And while the NLRB's acting general counsel, Lafe Solomon, has yet to even face a vote in the Senate, he is the chief proponent of this dubious legal action against Boeing.

These unelected Obama appointees of the NLRB are telling a private company that it is not allowed to relocate and create jobs. This affront goes to the very heart of what we believe in America. If we're going to turn this country around and revive the American Dream, we must remember where our strength lies.

Our free-enterprise system is what built this country and led us to prosperity. We are in decline because our own government has taken a turn against the values that made us the greatest nation the world has known.

I spent my career in the private sector, growing businesses and creating thousands of jobs. Witnessing this overreach by the NLRB, as well as other attacks on business, such as Obamacare and Washington's vast regulatory expansion, I can tell you businesses are confronted with a difficult decision about whether to maintain their operations in the United States. If we don't roll back these government encroachments, American jobs will soon be shipped to China and India at an even faster pace.

Action must be taken to save jobs around the country. Barack Obama should withdraw his nominations to the NLRB. If he refuses, the Senate can reject their confirmation. This, however, is only a temporary fix. It is Congress' fault that the NLRB has gone unchecked. The board should face broad congressional oversight, and funding should be stripped before it puts American jobs at even greater peril.



--------------------------------------------------------------------------------
This article originally appeared in the Houston Chronicle.
 

Duff Miver

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Oh, it can come back.

America can rebuild it's manufacturing base. Wages will not stay low in China or Pakistan or wherever, forever.

What a short memory you have. Starting after WWII, America began leaking jobs to Japan, and that became a flood of cameras, cars, electronics, motorbikes and toys.

As wages rose in Japan, Taiwan and Singapore and Hong Kong took more American jobs.

A bit later Bangladesh, India and Central America decimated the shoe and clothing industries.

Now China is into everything from chemicals to clothing.

Before long, as China's costs increase, those former American manufactured products will move to the next near-slave labor countries. In fact China is already building infrastructure in Africa to support/exploit cheap labor.

But maybe you will correct in the very long term, when the US working class is eating out of dumpsters. Maybe some of those soon-to-be-rich third-worlders will start manufacturing in the USA where wages will consist of a daily bowl of rice and a fish head.
 

ssd

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exactly, Muff.

It will swing back at some point. Like you say, maybe when everyone is dumpster diving for food or maybe when economic policies enacted by an administration make it worthwhile to manufacture in the US.

Please take a look at Governor Gary Johnson.
 

The Sponge

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exactly, Muff.

It will swing back at some point. Like you say, maybe when everyone is dumpster diving for food or maybe when economic policies enacted by an administration make it worthwhile to manufacture in the US.

Please take a look at Governor Gary Johnson.

It won't swing back in our lifetime if ever. The only way this economy will get better is if guys like the Walmarts of the world see their bottom lines getting smaller and smaller cause the middle class and poor have no more money to spend. That is when greed hits a standstill. People like the Walmarts of the world (big money) are the only voice that gets heard. I don't know if this has any facts behind it but i heard someone from Walmart recently complain about earnings and they blamed it on the oil prices. Sure enuf the oil prices have been going down. You get sports billionaires looking at empty stadiums, casino's looking at empty rooms, these are the people who can get an economy back on track. Their complaining will be heard. Our complaining just gives politicians a nice little chuckle.
 
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