Thread: Another sign of the double dip

This doesn't bode well.

It's going to be a rough 18 months until Jan 2013, and even then, I'm not all that certain that if a double dip hasn't occurred by then, that it'd be avoided by the next administration.

We may very well have been trying to avoid a second great depression, but in the end, find it unavoidable.

I love all this "double-dip" talk as of late...it never stopped dipping. The speculation economy is propped up with bullshit from firms that improve their stock portfolio by slashing man-power and capacity. Eventually reality catches up with the penny-shuffling shenanigans when the folks look around and realize there is no company left, but of course that's not a surprise to some parasites that aren't in business to build up businesses but to suck them dry.

Well then you'll love this:

"Companies in the U.S. added 91,000 jobs in September, according to data from ADP Employer Services."

http://www.bloomberg.com/news/2011-1...-adp-says.html

I just wait for the spin. Economy good? Economy bad?

Then again, not utter crap passes for good news these days.

91,000 added in September ... wow that's great. Somehow 417,000 people a week (the averaged figure) still filled first time claims for unemployment during September. 18 people were laid off for every job added. Let's celebrate.

Originally Posted by Amielle

Well then you'll love this:

"Companies in the U.S. added 91,000 jobs in September, according to data from ADP Employer Services."

http://www.bloomberg.com/news/2011-1...-adp-says.html

I just wait for the spin. Economy good? Economy bad?

Then again, not utter crap passes for good news these days.

I read or heard, perhaps on the nightly news cast, that it takes the US economy 240K jobs just to stay even. If that's the case, we are still getting worse, rather than better.

The economy is weak, it's a lot better than it was in 2009, but it's still weak.
The nature of this downturn is unlike any other downturn since 1930, those downturns were caused by excessive inventories, or drastic commodity price fluctuations, this downturn, like the 1930 downturn was caused by a financial collapse, and this type of downturn lasts a long time, and requires a massive boost to get it going at desirable levels.
Unfortunately, the currently fashionable political dogma proscribes the actions that would boost the economy to the levels people would like to see it at.

Originally Posted by eohrnberger

I read or heard, perhaps on the nightly news cast, that it takes the US economy 240K jobs just to stay even. If that's the case, we are still getting worse, rather than better.

We haven't seen that kind of job growth since Bill Clinton left office

Originally Posted by eohrnberger

I read or heard, perhaps on the nightly news cast, that it takes the US economy 240K jobs just to stay even. If that's the case, we are still getting worse, rather than better.

We've been losing 400K jobs a week. To get to 5% unemployment in a year the economy would have to add 640K jobs a month, that's not happening.

Originally Posted by goober

The economy is weak, it's a lot better than it was in 2009, but it's still weak.
The nature of this downturn is unlike any other downturn since 1930, those downturns were caused by excessive inventories, or drastic commodity price fluctuations, this downturn, like the 1930 downturn was caused by a financial collapse, and this type of downturn lasts a long time, and requires a massive boost to get it going at desirable levels.
Unfortunately, the currently fashionable political dogma proscribes the actions that would boost the economy to the levels people would like to see it at.

Total bullshit and you (should) know it.

Obama has spent three years as President punishing those who take risks and taking from those whose risk leads to reward. He has done this with fees, outright bans on new business, and a mountain of new regulations on existing businesses.

I kinda like this recession because people voted for it, so that's their problem. I mean, next time they'll most likely throw out Obama, but everyone's like "uh ...but let's not get a conservative in there, we need a moderate who will reach across the aisle." In other words, same old same old. Good. Keep electing moderates and liberals until you're naked and hungry, then maybe you'll get the message. SUCKAS!

Originally Posted by tsquare

Total bullshit and you (should) know it.

Obama has spent three years as President punishing those who take risks and taking from those whose risk leads to reward. He has done this with fees, outright bans on new business, and a mountain of new regulations on existing businesses.

Seriously? your divorce from reality has gone through I see....

You don't see anything in the record, pre-2009, that contributed to the current state of affairs?

Originally Posted by C-B-M

I kinda like this recession because people voted for it, so that's their problem. I mean, next time they'll most likely throw out Obama, but everyone's like "uh ...but let's not get a conservative in there, we need a moderate who will reach across the aisle." In other words, same old same old. Good. Keep electing moderates and liberals until you're naked and hungry, then maybe you'll get the message. SUCKAS!

What planet do you live on?
This recession began before Obama was elected, people voted for this abortion in 2000, and they got it, in spades........

Originally Posted by goober

What planet do you live on?
This recession began before Obama was elected, people voted for this abortion in 2000, and they got it, in spades........

Oh, that's interesting because this abortion didn't start in 2000. Other than everything being wrong with your post, it's not that bad, though.