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Originally posted by buddhasystem
Originally posted by centurion1211
trillions spent, and they can't even figure out (or won't say) where it all went.
Only a fraction of the stimulus money has been spent. So you seem misinformed.
I was told by an acquaintance (who is construction manager) of a few construction projects that happen because of that money (equals job creation/retention), a few major research initiatives (job creation/retention, good for the country) etc.
Originally posted by joscarfas
Check these figures:
According to Bloomberg on this article published today, 7.2 MILLION jobs have been lost in less than two years.
September’s losses bring total jobs lost since the recession began in December 2007 to 7.2 million, the biggest decline since the Great Depression.
Even if the economy somehow manages to restore these 7.2 million lost jobs back in place at a rate of let's say 100,000 jobs per month (that's being modest) it will take approximately 6+ years to do so.
And I thought the economy was 'back from the brink' Silly me,
[edit on 2-10-2009 by joscarfas]
[edit on 2-10-2009 by joscarfas]
Originally posted by SpookHunter
I agree that jobs are the key to a full recovery.
They will never come back because we have outsourced everything that can be outsourced.
The only way the United states can generate jobs that compete with third world wages is if we innovate and invent technology that replaces third world workers. In other words, creating robotic technology that will work for a few pennies a day instead of a dollar a day (such as Chinese workers and Indian Programmers).
The only way Americans can be employed once again is by making sure the rest of the world stays unemployed. Like it or not, standard of living is a zero-sum game.
[edit on 2-10-2009 by SpookHunter]
The official number is arrived at by combining a rotating monthly survey of 60,000 U.S. households performed by the Labor Department's Bureau of Labor Statistics with jobs data sent in by employers. According to this measure, you are marked as "unemployed" if you're jobless and you meet certain criteria, including whether you looked for work in the previous four weeks.
The unofficial number starts with the official rate and then adds in everyone else who should be working full time but is not, including those whose hours have been reduced from full time to part time, those who have become so discouraged they have given up looking for work and others who are "marginally attached to the labor force." Many economists believe this rate is a truer measure of the health of the economy.
DETROIT General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.
The breakdown of a deal that had been widely expected to close this week will force some 350 Saturn dealerships to close and could cut thousands of auto retail jobs that would have been preserved under a plan by auto magnate Roger Penske.
* Saturn's Outlook receives Parents Magazine/Edmunds.com 'Best Family Car 2008' , 'Best Crossover Utility' by MotorWeek Drivers, 'Best New Family Vehicle'from kbb.com.
Production has officially ceased at the Wilmington, Delaware, assembly plant that built the Saturn Sky and Pontiac Solstice roadsters, as well as their Daewoo and Opel counterparts. The last roadster to roll off the line, a silver Solstice, marks the end of production for the short-lived, Bob Lutz-inspired rear-wheel-drive Kappa platform.
Though not quite the financial success GM had hoped for, demand was generally strong for the roadsters and even for the unexpectedly ultra-limited Solstice Coupe just arriving in dealerships now.
Originally posted by space cadet
reply to post by HunkaHunka
Unexpectedly? Really? I have been 'expecting' my job to fold anytime, like many other hotels a decrease in travel has been stressing the hotel I work in the the limits! We have all taken cuts in hours, pay, and now our paid vacations. 2 other hotels have already closed, and we are one of the lucky ones, location and repeat customers are the only thing keeping this boat from sinking!
Looking around town, every single plant has closed. Smaller new ones have opened that are all owned by Japanese business men (who stay in the hotels) a plant that employed 1500 or more closes and one opens that employs 150 or less.
Budweiser is closing it's plant here this month. I figured beer was safe, but apparently it isn't .
What we are experiencing is a full-scale robbery on epic proportions and yet the American people are still in the dark. The facts are still watered down or conveniently absent from any reports by the MSM or the government.