Taichiliberal
Shaken, not stirred!
Did anyone actually expect for these numbers to be anything but dismal? I mean, at the end of 2008 you have a monumental economic fuck up, and people expect miracles before the new year is out?
UNEMPLOYMENT HITS 10.2%
- Thread starter TuTu Monroe
- Start date
Lowaicue
英語在香港
If you include part time and under employed it is over 17%.
What happened to all the infrastructure investment? Was all the money wasted on the car and banking industries?
FUCK THE POLICE
911 EVERY DAY
If you have that fancy figure of unemployment it's always much higher than normal unemployment.
The car bailout cost about 20 billion in loans out of 700 billion. The banking industry bailout was a completely and totally different bill entirely. About 10% of the stimulus money has been rolled out by now.
DamnYankee
Loyal to the end
When does it finally become Obama's responsibility?
Mott the Hoople
Sweet Jane
Patience, that takes time. You just don't pass the bill into law and say "Here's the money boys! Go spend it!"
The infrastructure investments take planning and mobilization before it can be implemented. The work being done now was presently planned and paid for prior to the stimulus package. You won't see the actual impact for the stimulus spending on infrastructure until early next year at the beginning of the construction season. That will help but it's not the solution. Economic growth that really provides jobs occurs mostly as the mid to small sized company level and the banks are still not loaning money at this level. Until capital begins freeing up for entrapreneurs to do their thing economic growth will be slow and unemployment will be hight.
Lowaicue
英語在香港
You are right. However any government (and I guess this applies to state and national in America), works to a medium and a long term plan as far as infrastructure is concerned. They have population growth forecasts and they should have a shed load of schemes in the final stages of planning. Tender lists are in existence, civ eng companies are watching for every opportunity. Tenders can be finalised sent out and returned in just a couple of months. Indeed contracts can be fast tracked when necessary. Now, I grant that even when a tender is let there are often several weeks or montha before employment reaches its peak, site prep, materials delivery, design changes, publication of detailed drawings etc but we are now well into November. The car companies have had theirs, the finance houses have had theirs and are beginning to payback. So America should know by now which bridges are going to be built, which highways are going ahead, which drainage schemes, sewers, railways etc etc are due to start.
Do you know? Perhaps this info is available but not widely known. I certainly hope so.
BTW construction season??? surely in a country the size of the US there isn't a construction season. If you cant start contracts til the spring in the north you certainly can in the south...... can't you?
cawacko
Well-known member
What was this talk of 'shovel ready projects'? I'm not in the industry but that implys to me projects that have gotten all the necessary approvals and are awaiting capital to begin work. And I've dealt with construction from a real estate development standpoint and have never heard of a projects timing based on a 'construction season'. What or when is that?
Didn't you even read the first post before you hopped on??? First line,
post #1, not my thread.
I don't feel the need to aid me in what I want to say with those little things off to the side,
but in your case it may be all you understand, so........
It's frightening when I find myself agreeing with you, but I do when you take this tack, however, I would call them low wage workers. It's called "harmonization", code for bringing US wages down closer to those of emerging nations resulting in greater profit and thus higher CEO/executive takeaway. It is also the reason the US minimum wage is lower than almost any other industrial nation.
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christiefan915
Catalyst
christiefan915
Catalyst
cawacko
Well-known member
Brings back some sweet memories.
yeah it does! I sent this around to some friends yesterday via e-mail and almost everyone who replied had the same response.
When Obama's policies create a recession/near depression. When did the, in lockstep, RW GOP start claiming it was the responsibility of the bush administration? Maybe it was a tad too late, if ever.
Taichiliberal
Shaken, not stirred!
Excellent point!
TuTu Monroe
A Realist
Obama is prolonging it by meddling. It's his baby.
Taichiliberal
Shaken, not stirred!
She never will....but note how she says Obama is "prolonging it" without admitting the Shrub & company totally fucked up.
sharinpalin
Verified User
I don't understand this unemployment issue, why don't people just write a book or run for public office? It seems like a person of mediocre intelligence can do both in this great country we call America.
sharinpalin
Verified User
It just does my heart good to see the voters come forward and let Obama have the old one, two. It is a victory for common sense and fecal responsibility.
Cancel 2018. 3
<-- sched 2, MJ sched 1
yeah....because he has been in office nearly a year, the dems in charge since 06'....yeah....it only bush and the republican's fault
