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Originally posted by Zosynspiracy
But the town I live in we would manage just fine handling our own economy and governing ourselves.
posted on 6-7-2009 @ 02:17 AM
Most certainly the current trend will pass the December 1982 record of 10.8%. With little business investment, a sharp reduction in commerce (Imports/Exports), and the closure of our major manufacturing plants (Auto and parts suppliers), employment is headed south.
Think 9.5%, 10.8%, 16.5%, or 25% unemployment figures are high?
Consider this, 140 Million are employed:
- Out of a population of 304 Million, 53% are not employed
- Out of an able to work population of 235 Million, 40% are not employed
- In one year, able population increased by 2 Million (233 to 235), and (official) employed dropped by 5.6 Million (145.7 to 140.1), that would be 7.6 Million more unemployed in one year
U.S. Population: Google www.google.com...
U.S. Employment: BLS.gov www.bls.gov...
Originally posted by traderjack
reply to post by fleabit
Really? You don't think "Joe (and Jane) Public" are capable of fixing a damned mess created by dishonest politicians trained in 'business'. Now, I don't have a business degree, but I can think creatively.
So, here is a scenario. Instead of bailing out the 'hedge funds' (they aren't banks by the way), we create low interest loans for businesses. Small businesses with viable models, that produce something! Not webspace, not celebrity aggrandizement, but a real product.
Like a tracked robot that could be used to fight forest fires, a single pane solar cell that could run all the non essential electric appliances in your home (ie computers, cell phone chargers, tvs.), or a low cost electric trike for running around town (like an electric rickshaw). Or other 'grandiose' ideas of these pesky "J & J Publik" entrepreneurial types. You know, these massive failures like the PC, the light bulb, the internal combustion motor. Yeah, lets keep our eye on the prize, proppin' up bankers.
Originally posted by itguysrule
I read this article earlier today and was happy to see that it was posted on ATS. Here in Colorado we are only at 7.6% unemployment right now but I have noticed a lot of changes of late:
- I have several friends who work for large corporations who have had to take pay cuts of 10% or more. One of them is now working only three days per week so that is almost a 50% cut in pay.
- I have noticed a striking decrease in traffic around the area. I drove to a store about 8:00 PM the other night and the streets were almost empty. I drive to a Park-n-ride and take the bus from there to work. A year ago I often had to park out in the dirt because the lot was totally full. Now days it is usually only half full.
- There are a lot of stores that have closed in the area. Big chains like Linens-n-Things, CompUSA, Circuit City as well as mom and pop stores. In one local shopping mall more than half of the stores have closed. It is so empty there it is creepy and my wife won't shop there alone even in the day. A few days ago my son drove to the local Checker Auto Parts to get a headlight for his car - it was closed.
- On Saturday my wife and I went to a shopping center that had a BestBuy and an Office Depot. We counted about 15 cars in the parking lot for both stores - ON A SATURDAY!
- I also have a daughter home from college for the summer. Her plan was to get a job and earn money so she could go back to school in the fall. After at least 75 applications and 10 or so interviews she hasn't found anything. Not only that, none of her friends in the same situation have found jobs either.
It is always interesting to read the facts and figures about the economy, but I also just trust what I see. I see a very weak economy getting weaker and I am sure people in other areas are suffering even more. I don't have much hope that our politicians can fix this mess. They are too busy blaming each other to come up with any real solutions. I expect that we are in for much tougher times that will eventually (hopefully) lead to our current crop of political fools being thrown out of office. I sincerely hope that we, collectively, can find a political solution to this problem because if we don't the alternative will be violent conflict.
As you have stated in your post, look for yourself, at the conditions around you. You don't really need any government stats to tell you what's happening. Folks, other than a few isolated areas such as Texas and maybe Oklahoma, things are as bad as you think they are. it's for real guys. I have a son-n-law, who is a manage for Sam's. They had over 330 people apply for a cashiers job. That's staggering. Another proof of how bad things are. In our local school system, substitute teachers are used all the time. The pay is about $7.50 per hour or so. Not exactly executive pay. These jobs used to be taken by people studying to be teachers, and other non professional people. Recently, the newspapers did a story on the subs that are the county is using now. They have business execs, PHD's, and numerous other professionals clammering to get a $7.50 per hour job.
Believe the crisis we are in, it's going to get worse. This isn't hype, it's the truth. Look around your own town, it's not a prety sight is it?? This whole scenerio we are in has been planned for a long time by the PTB. We are destinned to fail, and the time is now. Do what you will to get ready, prepare your family fro changes in their lives. Our way of life is about to change, and will never be the same again. believe it.
"We need to stop importing and increase local production"
"The bankers and govt. are controlling everything, we should localise power"
"We should have a resource-based economy rather than a fiat currency based upon speculation by rich people with no grasp of the fate of the planet. If we don't work together, we will all die"
Oh, yes, that's right, STALINIST RUSSIA, NAZI GERMANY, MAOIST CHINA, and the soon-to-come GORIST AMERIKA.
Anybody who complains about the state of the economy really needs to spend some time looking at the CIA world factbook... unemployment and poverty are still a much bigger issue in other countries.
One other thing, it's VERY easy to place the blame on government or our elected officials, but it's really the overspending of the entire population that created this mess
Yes, creating jobs in manufacturing needs to be done, but who wants to buy overpriced American ****? The focus of this country needs to be on the military and in the health care and technology sectors. These are the only places where the American spirit and it's ingenuity shine.
Every client is negotiating price. Everyone is letting people go, with the exception of those with government contracts. I know things are going to get worse; Much worse.
And as I watch the decisions our politicians make I wonder, Do they have the best interests of American's at heart?
One projects the unofficial unemployment rate to go up to around 33%
Why do your banks not lend as they have been told to?
Originally posted by johnny2127
Seems like most here seem to agree things are getting worse and will continue to get worse. Facts back this view point up. My question is this, do any of you that think things will be getting better soon have any data to back up your claims?
There seems to be a constant theme here: Economists and individuals that predict economic improvement soon seem to have let their hopes cloud their judgement. I can understand that hope, but when you have a mountain of data showing things getting worse and not slowing down for a long time, and then a trickle of conjecture saying maybe it'll get better soon, and some people choose the trickle of conjecture, it is mind boggling.....
Originally posted by CookieMonster09
Consider yourself extremely lucky and unique. I can assure you that the rest of the country is hurting severely - homelessness, foreclosures, lost jobs, etc.
If you really want to know what's coming your way, go take a plane trip to the city of Detroit next weekend. This is what the rest of America will look like soon. The rest of the country is just getting a tiny taste of what Michigan has been fighting for the last decade.
The malaise is spreading, and fast. This, I can assure you.
It's not the end of the world if you're one of the lucky few to be employed, well off, in a unique "recession-proof" business, but most Americans are definitely feeling the heat right now, with layoffs, reduced hours and wages, downsizing, restructuring, foreclosures, fierce competition for jobs, etc.
The economy is in shambles by any metric that you choose - unemployment, job creation, growth, etc. It's a disaster by any metric - quantitative or qualitative. This, too, from the leading economists in the country, as well as the news pundits.
If you want qualitative proof, again, take a trip to Michigan because the malaise is coming to a city near you.
I don't deny that there are very, very powerful political and business interests that were heavily involved in the disastrous decisions that led to this economic mess. However, the economy being in shambles is most definitely not fear-mongering nor a "con job" - The malaise and economic recession - nay Depression - is very, very real for a large portion of the American population.
Even in Michigan, the food pantries that normally serve the poor in the city, have now been expanded to the suburbs - and they can't keep up with the demand. Michigan is a microcosm of what the rest of the country will look like shortly in due time.
Just wait a few months when unemployment runs out and states can no longer afford to pay unemployment benefits. You haven't seen anything yet - This is just getting started, believe me.