September unemployment is 9.8 percent
 

What's even scarier in this article is the talk of how many people have stopped looking for jobs.

[url=http://news.yahoo.com/s/ap/20091002/ap_on_bi_go_ec_fi/us_economy]Jobless rate reaches 9.8 percent in September - Yahoo! News[/url]

[QUOTE]If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.

More than a half-million unemployed people gave up looking for work last month. Had they continued searching, the official jobless rate would have been higher.

All told, 15.1 million Americans are now out of work, the department said. And more than 7.2 million jobs have been eliminated since the recession began in December 2007.[/QUOTE]

Not a bashing thread. More a thankful that I have a job thread. My employer has always been a cash first business, and we have a stable client base. I am very thankful that I have my job!

Re: September unemployment is 9.8 percent
 

So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?

Re: September unemployment is 9.8 percent
 

[quote=firstdown;600731]So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?[/quote]

Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.

Re: September unemployment is 9.8 percent
 

Well said Schneed

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;600737]Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.[/quote]

The stimulas is one of those things that the left will at some point will say it worked and the right will point to stuff and say it failed and we will never know. You and your wife are like us and made the decision for her to stay at home with the little one which is great for the child. My wife actually has an at home business which does bring in 4 to 5 grand a year.

Re: September unemployment is 9.8 percent
 

[quote]Job losses moderated in August, but the unemployment rate ticked up 0.1 percentage point to 9.8%, the highest level since June 1983.[/quote]

There is no real way of slicing that to make it better, the current administration is failing plain and simple.

Re: September unemployment is 9.8 percent
 

I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;600794]There is no real way of slicing that to make it better, the current administration is failing plain and simple.[/quote]
If I'm correct that number does not even enclude the self employed that have had to close the doors.

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;600737]Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.[/quote]

-You also have to factor in how many anti-aircraft carrier missiles the CHICOMS can buy with the interest off the money we've borrowed from them.

Re: September unemployment is 9.8 percent
 

[quote=CRedskinsRule;600727]What's even scarier in this article is the talk of how many people have stopped looking for jobs.

[url=http://news.yahoo.com/s/ap/20091002/ap_on_bi_go_ec_fi/us_economy]Jobless rate reaches 9.8 percent in September - Yahoo! News[/url]



[B]Not a bashing thread. More a thankful that I have a job thread.[/B] My employer has always been a cash first business, and we have a stable client base. I am very thankful that I have my job![/quote]

damn, one day i'll learn, you can't have a politics thread without bashing. I am thankful I have a job that affords me the opportunity to pay bills, provide for my kids as best I can, and at a company that will be viable for the short and hopefully long term.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;600798]I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.[/quote]
Well its not like unemployment just jumped 2% its been getting higher all summer.

Re: September unemployment is 9.8 percent
 

[quote=CRedskinsRule;600813]damn, one day i'll learn, you can't have a politics thread without bashing. I am thankful I have a job that affords me the opportunity to pay bills, provide for my kids as best I can, and at a company that will be viable for the short and hopefully long term.[/quote]

I'm glad you've a good job and your family is doing well.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;600798]I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.[/quote]

As first down pointed out, it's been getting higher all summer, but your logic is not spot on either. When kids go back to school, they vacate positions that employers usually try to fill, also, no kid files at the unemployment office. To add to this, A LOT of companies are already gearing up for black friday and the holidays and starting to train employees to know how to service customers for the holidays...sure more will occur at the end of this month, but I am already prepared for my holidays as are several other companies and replaced our student employees.

About landscaping work and contract work, that is a valid argument if all summer wasn't declining in unemployment rate. So what is the current administration doing to fix this issue? Worst rate since 83 and predicted to hit 10% by end of the year! Instead, he's off in Denmark pitching for Chicago to get the olypics, which was an epic fail since we were predicted to rival Rio, and we were first one dismissed.
I think your best argument would have been backing it up with historical data at this time of year, not blindly supporting who you voted for. We ALL know if this was Bush, this would be a public uproar and cry for impeachment...but it's Obama, therefore he's untouchable.

Re: September unemployment is 9.8 percent
 

im really thankful i have a good job. nice try for a thread C

Re: September unemployment is 9.8 percent
 

Since I get paid with taxpayers money, I may sweat when next year's budget is finalized. Luckily, Virginia's unemployment isn't "terrible".

Re: September unemployment is 9.8 percent
 

I'm also thankful. I certainly am not taking it for granted. I spent a significant amount of time on the finance side of the mortgage industry, so when the bubble burst my job situation was tenuous at best. I was really stressed for a while, but I'm fortunate to have landed on my feet working for a phenomenal small company.

Working and living in Bethesda/Chevy Chase, it's easy to forget the economic climate around the rest of the country. It's so affluent, you just don't see the ill effects on a daily basis. When I was in Gainesville, Fl a few weeks ago it was really sad. So much dead real estate, and I saw a lot more homeless people than when I left that town two years ago. I also saw dozens of businesses that seemed to be doing fine a few years back that have shut their doors.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;600822]As first down pointed out, it's been getting higher all summer, but your logic is not spot on either. When kids go back to school, they vacate positions that employers usually try to fill, also, no kid files at the unemployment office. To add to this, A LOT of companies are already gearing up for black friday and the holidays and starting to train employees to know how to service customers for the holidays...sure more will occur at the end of this month, but I am already prepared for my holidays as are several other companies and replaced our student employees.

About landscaping work and contract work, that is a valid argument if all summer wasn't declining in unemployment rate. So what is the current administration doing to fix this issue? Worst rate since 83 and predicted to hit 10% by end of the year! Instead, he's off in Denmark pitching for Chicago to get the olypics, which was an epic fail since we were predicted to rival Rio, and we were first one dismissed.
[B]I think your best argument would have been backing it up with historical data at this time of year, not blindly supporting who you voted for. We ALL know if this was Bush, this would be a public uproar and cry for impeachment...but it's Obama, therefore he's untouchable[/B].[/quote]

Whoa calm down cowboy, I'm not making this a Bush/Obama deal at all. Just talking about the unemployment rate and I tossed out a thought off the top of my head.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;600883]Whoa calm down cowboy, I'm not making this a Bush/Obama deal at all. Just talking about the unemployment rate and I tossed out a thought off the top of my head.[/quote]

Is it an insult for a redskin fan to call another redskin fan a cowboy?

Re: September unemployment is 9.8 percent
 

The recession is apparently over for everyone except California who will continue to suffer for another two years. For everyone else it's the equivalent of getting over a long illness. Your body has finally rid itself of the virus but in the process you find yourself beaten up from being sick for so long, even though you're technically healthy again.

This is going to be a great time though for young people to get hired. The economy will complete it's turnaround and the baby boomers will soon be retiring. I can't wait.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;600883]Whoa calm down cowboy, I'm not making this a Bush/Obama deal at all. Just talking about the unemployment rate and I tossed out a thought off the top of my head.[/quote]

COWBOY? LOL...think that's the first time I have ever been called that.

I understand you weren't making a direct connection to Bush / Obama, but if Bush was miraculously in office (obviously couldn't happen) then how would you respond to this?

Re: September unemployment is 9.8 percent
 

My thought was not politically based in the least bit. Does it always have to be a Bush/Obama thing with some people?

But if you want to make it a Bush thing, let's be honest a big part of the reason we're in this situation is due to his administration.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;601061]COWBOY? LOL...think that's the first time I have ever been called that.

I understand you weren't making a direct connection to Bush / Obama, but if Bush was miraculously in office (obviously couldn't happen) then how would you respond to this?[/quote]

This isn't a political thread, it's an economic one. As was Matty's response.

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;601083]This isn't a political thread, it's an economic one. As was Matty's response.[/quote]

I agree but the damn liberals keep screwing it up :D

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;601067]My thought was not politically based in the least bit. Does it always have to be a Bush/Obama thing with some people?

But if you want to make it a Bush thing, let's be honest a big part of the reason we're in this situation is due to his administration.[/quote]

Sorry, Obama will always have ties to Bush, just like Clinton had to Bush...and you were pretty darn harsh on Bush, but awfully leinant on Obama...so yes, when you complained harshly about Bush's economic state, and his then "high unemployment rate", why would anyone think not to compare. If you were silent on that subject in the past, there would be no comparison now. You can't just say whatever you want and not be called on it when the guy you voted in is doing next to nothing. (which is no surprise given his lack of experience) The fact that you defend such a horrible unemployment rate and kind of pass it off, well we both know that would not be happening if this was even McCain.

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;601083]This isn't a political thread, it's an economic one. As was Matty's response.[/quote]

How is it not? It's an unemployment rate, and it's directly related to Obama. That's like saying a Jason Campbell issue is not a football thread.

Again, I see what Matty was trying to say, but we all don't all of sudden forget the plethera of attacks on Bush by Matty. Do you guys think you get a pass on any attacks on Obama and what you said about the previous administration just goes away? I am still astounded at the fact that even you attacked Bush about his national debt, yet Obama over quadruples it and you are miraculously silent??? You don't find that odd?

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;601083]This isn't a political thread, it's an economic one. As was Matty's response.[/quote]

There's no difference to some people. :doh:

Re: September unemployment is 9.8 percent
 

[quote=jsarno;601163]Sorry, Obama will always have ties to Bush, just like Clinton had to Bush...and you were pretty darn harsh on Bush, but awfully leinant on Obama...so yes, when you complained harshly about Bush's economic state, and his then "high unemployment rate", why would anyone think not to compare. If you were silent on that subject in the past, there would be no comparison now. [b]You can't just say whatever you want and not be called on it when the guy you voted in is doing next to nothing. [/b](which is no surprise given his lack of experience) The fact that you defend such a horrible unemployment rate and kind of pass it off, well we both know that would not be happening if this was even McCain.[/quote]

I need to correct myself...he's not doing next to nothing, he's digging America in an even BIGGER hole, and making horrible decisions over and over. He's a joke of a president and well on his way to the worst we have seen in recent memory. At this pace, he will go down as the worst ever unless he suddenly grows some advisors and turns this around.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;601165]How is it not? It's an unemployment rate, and it's directly related to Obama. That's like saying a Jason Campbell issue is not a football thread.

Again, I see what Matty was trying to say, but we all don't all of sudden forget the plethera of attacks on Bush by Matty. Do you guys think you get a pass on any attacks on Obama and what you said about the previous administration just goes away? I am still astounded at the fact that even you attacked Bush about his national debt, yet Obama over quadruples it and you are miraculously silent??? You don't find that odd?[/quote]

You don't even want to talk about the issue, you just want to point fingers.

Just never mind, seriously.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;601166]There's no difference to some people. :doh:[/quote]

HAHAHA...then what would you catagorize it as? :doh:

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;601169]You don't even want to talk about the issue, you just want to point fingers.

Just never mind, seriously.[/quote]

Check and mate.

Thank you sir...of course you can't defend the issue, there is no defense. So you will continue to blindly support who you voted for, and the ones that see Obama for who he is will continue to notice.

I guess the unemployment rate will just continue to spike, and you will continue to care less as to why.

Maybe you should continue to stay in the football sections, at least there you have valid arguments behind your comments. Been enjoying most of your comments there even though some oppose my views, but I like that you at least defend what you believe. But again, how do you defend the undefendable?

I will cease to comment on here, cause I'd rather the warpath know about his horrible unemployment rate, then the thread be closed because it is calling Obama out.

Re: September unemployment is 9.8 percent
 

Great job ruining the thread.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;601170]HAHAHA...then what would you catagorize it as? :doh:

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.[/quote]

Economics and politics are not one in the same. Ever take an economics course?

Re: September unemployment is 9.8 percent
 

How is Bush " mostly " responsible for the " mess " we are in ? Clinton Admin. pass the Subprime / CRA's and eliminated the Glass Steagal Act . The Clinton admin . ran our banks and Financial Intstitutions as well as Fannie Mae [URL="http://www.usnews.com/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle.html"]Barney Frank's Fannie and Freddie Muddle - Sam Dealey (usnews.com)[/URL] ...[URL="http://hennessysview.com/2008/09/15/franklin-raines-criminal-enterprise-and-barack-obama-his-accomplice/....http://en.wikipedia.org/wiki/Robert_Rubin"]Robert Rubin’s Days Are Numbered | Hennessy's View[/URL] ....[URL]http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/....http://seattletimes.nwsource.com/html/businesstechnology/2004358433_webraines18.html[/URL] ...[URL="http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal/"]Countrywide's Many 'Friends' - News Markets - Portfolio.com[/URL]. Bush , Republicans could have done better on spending , but lets not ignore the fact that our banks , Fannie -Freddie , Senate and House Finance Commities were run by Frank-Dodd . See video of Fannie Mae CEO D. Mudd w/ Obama on YouTube . Much of the blame goes to Washington , on both sides of the isle , but the Dems need to stop this garabage of " giving " things away as if people are entitled to what they will not work for and earn .

Re: September unemployment is 9.8 percent
 

[quote=firstdown;600731]So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?[/quote]
Do you think an 89,000 car , not built in the USA will help " stimulate " our economy ? Looks like it will help Mr. Al Gore [url=http://www.freerepublic.com/focus/f-news/2347678/posts]Gore-Backed Car Firm Gets Large U.S. Loan [Finland that will sell for about $89,000....][/url]

Re: September unemployment is 9.8 percent
 

[quote=jsarno;601170]HAHAHA...then what would you catagorize it as? :doh:

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.[/quote]

For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.

Re: September unemployment is 9.8 percent
 

[quote=Mattyk72;601219]Economics and politics are not one in the same. Ever take an economics course?[/quote]

Agreed. Someone tell our elected officials.

Re: September unemployment is 9.8 percent
 

[quote=jsarno;600794]There is no real way of slicing that to make it better, the current administration is failing plain and simple.[/quote]


The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.

Re: September unemployment is 9.8 percent
 

[quote=Hijinx;602746]The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.[/quote]
Who refused to deregulate the banks ? [ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related]YouTube - Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis[/ame] ... your banks were run by , R. Rubin , F. Raines of the clinton admin . Frank<D> and Dodd < D> were the chairmen of the Senate & Congressional finance/banking commities . Countrywide Financial / Fannie Mae were putting money into the Dems in return got subprime and CRA's ... [url=http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html]OpenSecrets | Update: Fannie Mae and Freddie Mac Invest in Lawmakers - Capital Eye[/url] hard to lay blame on GWB for what happen in the 1990's ..[url]http://seattletimes.nwsource.com/html/businesstechnology/2004358433_webraines18.html...http://en.wikipedia.org/wiki/Barney_Frank[/url]

Re: September unemployment is 9.8 percent
 

[quote=Schneed10;602707]For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.[/quote]
So $800 billion for [I]at most[/I] a half % unemployment rate drop? That was a good way to spend that money. :doh:

Re: September unemployment is 9.8 percent
 

[quote=steveo395;602870]So $800 billion for [I]at most[/I] a half % unemployment rate drop? That was a good way to spend that money. :doh:[/quote]
It looks more like the 800 billion is being used to pay off suporters more then anything else.