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Debates Forum

  1. Standard member sh76
    Civis Americanus Sum
    04 Apr '10 15:21
    http://www.fivethirtyeight.com/2010/04/best-jobs-report-in-long-time.html

    [I]t's pretty obvious the recession is over.

    Congratulations to both the Bush and Obama administrations for what contributing steps they took to avoid a worse recession than the one we got. Considering the enormous credit and bad debt problems that existed, it could have been must worse.

    Congratulations also to the underlying capitalist framework that continues to endure and will continue to endure so long as the politicians don't screw it up too badly.

    Now, about that federal budget deficit...
  2. Subscriber no1marauder
    It's Nice to Be Nice
    04 Apr '10 17:24
    Originally posted by sh76
    http://www.fivethirtyeight.com/2010/04/best-jobs-report-in-long-time.html

    [b] [I]t's pretty obvious the recession is over.


    Congratulations to both the Bush and Obama administrations for what contributing steps they took to avoid a worse recession than the one we got. Considering the enormous credit and bad debt problems that existed, it could ...[text shortened]... g as the politicians don't screw it up too badly.

    Now, about that federal budget deficit...[/b]
    The way I read this report is that over 2 million construction and manufacturing jobs were lost in this recession and they are not coming back the way our economy is presently structured (thank you, "free trade". I think the need for a big public works program to rebuild our crumbling infrastructure is obvious.
  3. Standard member sh76
    Civis Americanus Sum
    04 Apr '10 17:30 / 1 edit
    Originally posted by no1marauder
    The way I read this report is that over 2 million construction and manufacturing jobs were lost in this recession and they are not coming back the way our economy is presently structured (thank you, "free trade" ). I think the need for a big public works program to rebuild our crumbling infrastructure is obvious.
    Let's put aside construction for a moment and look at manufacturing.

    Yes, free trade costs manufacturing jobs. But, what can you do about it? Other people in other parts of the World are willing to do more work for less. Is the solution to shut down the borders to trade and reverse globalization? If not, what is the solution?
  4. Subscriber no1marauder
    It's Nice to Be Nice
    04 Apr '10 17:37
    Originally posted by sh76
    Let's put aside construction for a moment and look at manufacturing.

    Yes, free trade costs manufacturing jobs. But, what can you do about it? Other people in other parts of the World are willing to do more work for less. Is the solution to shut down the borders to trade and reverse globalization? If not, what is the solution?
    US economic policy should be based on what's best for the people in the US. If that means "protectionism", so be it. "Free trade" as currently practiced greatly exacerbates the problem of income inequality both in the US and the world. This leads to economic and political instability.

    "Other people are willing do do more work for less" because their countries have long histories of repression of workers continuing to the present. Why these policies should be rewarded is a mystery to me.
  5. Subscriber Wajoma
    Die Cheeseburger
    04 Apr '10 18:19
    Originally posted by no1marauder
    US economic policy should be based on what's best for the people in the US. If that means "protectionism", so be it. "Free trade" as currently practiced greatly exacerbates the problem of income inequality both in the US and the world. This leads to economic and political instability.

    "Other people are willing do do more work for less" beca ...[text shortened]... kers continuing to the present. Why these policies should be rewarded is a mystery to me.
    Yeah, let em starve, or refuse to trade with them but bump up the aid package.
  6. 04 Apr '10 18:19
    lets all work for less, and hope the price for a loaf of bread goes down to a quarter, and energy follows right behind it.
    Or start dumping untreated waste in to the rivers again.
    It's obvious the playing field is not level, but how do we fight that?
  7. Subscriber no1marauder
    It's Nice to Be Nice
    04 Apr '10 18:20
    Originally posted by Wajoma
    Yeah, let em starve, or refuse to trade with them but bump up the aid package.
    The idea that the present world trading system works to the advantage of workers in ANY country is absurd.
  8. 04 Apr '10 19:20
    http://news.google.com/news/more?pz=1&cf=all&ncl=dTkYj8SzhZswnGMk-jqcgJk5SOeXM&topic=b

    Job Market Picks Up, but Slowly
    Wall Street Journal - Sudeep Reddy, Joe Light - ‎Apr 2, 2010‎
    The job market is showing signs of life, though its slow recovery suggests unemployment will remain high for years to come. Employers added 162000 jobs in March, the biggest monthly gain in three years, with one-third of ...

    Jobs data has plenty of bad news to mar the good
    MarketWatch - ‎Apr 2, 2010‎
    The US economy saw the biggest job gains in three years in March, the Labor Department reported Friday. Is that cause for celebration? Maybe. Certainly, it's not hard to find bad news within the report. For one thing, 162000 new jobs is not even a drop ...

    Census project adds to the job picture when it counts
    Los Angeles Times - Nathan Olivarez-Giles, Alana Semuels - ‎Apr 2, 2010‎
    When March employment figures are released Friday by the Department of Labor, analysts are expecting to see the biggest US job gains in more than two years. But perhaps half the 200000 or so positions expected ...
    CMA

    "It confirms that the economy has turned an important corner," says JP Morgan Chase & Co.
    more by JP Morgan - Apr 2, 2010 - Wall Street Journal (5 occurrences)

    More Census Jobs Will Be Reported Next Month
    FOXBusiness - Peter Barnes - ‎Apr 2, 2010‎
    While some forecasters had expected the Census Bureau to hire 100000 temporary workers in March to work on the 2010 population survey, the Bureau of Labor Statistics reported just 48000 were hired, which helped depress the latest ...
    Finally, an end to job losses

    CNNMoney.com - Chris Isidore - ‎Apr 1, 2010‎
    NEW YORK (CNNMoney.com) -- The long nightmare of job losses appears to be just about over. When the Labor Department reports its monthly employment readings for March on Friday, economists are ...
    All 1,293 related articles »

    Blogs

    Number Of Long-Term Unemployed Continues To Rise, Sets Another All-Time High
    Huffington Post (blog) - ‎Apr 2, 2010‎
    While the increase in jobs over the past month provides hope that the economy's nascent recovery will continue to blossom, one troubling trend in Friday's ...

    The Good, the Bad and the Opportunity: Workers Need -- and Want -- a New Deal
    Huffington Post (blog) - ‎Apr 2, 2010‎
    162000 new jobs in March, according to Friday's report from the Department of Labor. That's good news, there is no question about that, given the 8.4 ...

    Financial Dispatch: Job growth returns
    CNN (blog) - ‎Apr 2, 2010‎
    At long last, we received a solid indication today that we've turned a corner. The economy had its biggest jump in jobs in three years last month. ...
    All 42 related blogs »

    United States

    Despite strong jobs growth, unemployment rate stays the same
    Seattle Times - Don Lee - ‎Apr 2, 2010‎
    The US economy got its best jobs report in three years Friday as employers added 162000 nonfarm jobs in March. By Don Lee WASHINGTON — The US economy got ...

    Jobless rate holds at 9.7% despite payroll gains
    San Francisco Chronicle - Tom Abate - ‎Apr 2, 2010‎
    Eric Risberg / AP Job seekers have their resumes critiqued at a San Jose career fair Tuesday. The nation added 162000 payroll jobs in March. ...

    Nation sees best jobs report in three years
    San Jose Mercury News - Don Lee, Steve Johnson - ‎Apr 2, 2010‎
    WASHINGTON — The US economy got its best jobs report in three years Friday as employers added 162000 jobs in March — a substantial boost itself ...
    All 164 related articles from United States »
    Washington, DC

    Why the Unemployment Rate Refuses to Budge
    U.S. News & World Report - Rob Silverblatt - ‎Apr 2, 2010‎
    In a sign that the labor market is inching toward a recovery, employers tacked a net total of 162000 workers onto their payrolls in March ...

    March unemployment rate unchanged at 9.7%
    Washington Post - ‎Apr 2, 2010‎
    The official US unemployment rate in March remained unchanged at 9.7 percent, the Labor Department's Bureau of Labor Statistics said Friday. ...

    Heritage Employment Report: March Jobs Report Springs Forward
    Heritage.org - Rea Hederman, Jr, James Sherk - ‎Apr 2, 2010‎
    In March, employers added 162000 jobs while the unemployment rate remained constant at 9.7 percent. The report contains some good news for the labor market, ...
  9. 04 Apr '10 19:25
    people trying to say the economy has recovered keep looking at the jobs report and picking out the most positive bits from it. next month we'll have different positive bits tossed to us.

    the Pollyana-ish, minimal-pain jobs rate commonly touted treats the people who have stopped looking for work as off the slate. disappeared. zero. nada

    so it's holding steady

    those people become net drags on the economy once they've burned through their savings.
  10. 04 Apr '10 19:25
    i.e.,

    http://online.wsj.com/article/SB10001424052702304871704575159532892137828.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop

    A broader measure of unemployment, which includes people who stopped looking for work and those settling for part-time jobs, rose to 16.9% in March.
  11. Standard member spruce112358
    Democracy Advocate
    04 Apr '10 19:46
    Originally posted by sh76
    Let's put aside construction for a moment and look at manufacturing.

    Yes, free trade costs manufacturing jobs. But, what can you do about it? Other people in other parts of the World are willing to do more work for less. Is the solution to shut down the borders to trade and reverse globalization? If not, what is the solution?
    The problem is, China refuses to float its currency. If they would, the Chinese people would suddenly become rich (and the Chinese banks/government a whole lot poorer!)

    Imports from China would become more expensive, US-produced goods and services would become competitive, and the Chinese consumers would start buying more stuff from us. That's what free trade is supposed to do -- everybody wins IF the governments (and here I mean mainly the Chinese government) stay OUT OF THE WAY. But, naturally, governments don't see things like that -- so the Chinese government keeps screwing it's own workers which screws American workers at the same time.

    The US should slap a 300% tariff on all Chinese goods until they float the currency.
  12. Standard member sh76
    Civis Americanus Sum
    04 Apr '10 20:31 / 1 edit
    Originally posted by spruce112358
    The problem is, China refuses to float its currency. If they would, the Chinese people would suddenly become rich (and the Chinese banks/government a whole lot poorer!)

    Imports from China would become more expensive, US-produced goods and services would become competitive, and the Chinese consumers would start buying more stuff from us. That's what f time.

    The US should slap a 300% tariff on all Chinese goods until they float the currency.
    I'd support that. Well, maybe not 300%; but some kind of retaliatory tariff makes sense.
  13. 04 Apr '10 20:45
    Originally posted by spruce112358
    The problem is, China refuses to float its currency. If they would, the Chinese people would suddenly become rich (and the Chinese banks/government a whole lot poorer!)

    Imports from China would become more expensive, US-produced goods and services would become competitive, and the Chinese consumers would start buying more stuff from us. That's what f ...[text shortened]... time.

    The US should slap a 300% tariff on all Chinese goods until they float the currency.
    Well basicallty, the Chinese are selling you their stuff for less than it's worth. I don't mind at all being able to buy clothing for a couple of bucks.
  14. Subscriber AThousandYoung
    Poor Filipov :,(
    04 Apr '10 20:45
    8% unemployment by 2012. I called it!
  15. Standard member sh76
    Civis Americanus Sum
    04 Apr '10 20:53
    Originally posted by AThousandYoung
    8% unemployment by 2012. I called it!
    I'll see your 8% and raise you to 6%