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Was a good thread until you turned it into a Democrat vs. Republican thread.
Can we please get more AMERICAN threads?
This seems more like a media bias thread to me. I don't know if he said either party in particular is at fault, but that media bias makes sure to take very partisan issues and exacerbate them.
Policicians love when we spew party rhetoric, neither party has any plan to fix Main Street.
Not stimulus, payroll tax extensions or minor tax increases for the "rich" nor will trickle down.
Banks WS and the stock market have recovered, mission accomplished. There is no replacement for housing and consumer spending as a driver of the economy. We have lost 7 TRILLION in home equity, Main Street is finished for the next decade. Obama is a puppet, although his interview on 60 minutes was his most candid words I have ever heard out of his mouth.
The next 4 years will have little effect.
I know statistically insignificant, but every one of my friends from early 40's to mid 50's is in a panic. Layoffs are the rule. someone looking for a job in their 50's is toast.
Companies are not hiring at least not in the Northeast. Corporations are learning to make due with less spending, including salary cuts and layoffs.
Record high everything except unemployment which is decreasing with the decreasing labor force.
Even Bernanke questioned this.
Jobless rate could fall below 8% by year's end
In January, the labor force participation rate was 63.7%, the lowest in 30 years. It was more than 66% in early 2008, near the start of the recession.
..
Bernanke reflected the views of the Fed's expert staff. Economists at the Federal Reserve Bank of New York wrote in December that the decline in labor force participation during the recession was faster than the aging work force alone could explain, raising a chance that the percentage of potential workers actually seeking employment would rise by about a percentage point to 65% by next year.
Policicians love when we spew party rhetoric, neither party has any plan to fix Main Street.
Not stimulus, payroll tax extensions or minor tax increases for the "rich" nor will trickle down.
Banks WS and the stock market have recovered, mission accomplished. There is no replacement for housing and consumer spending as a driver of the economy. We have lost 7 TRILLION in home equity, Main Street is finished for the next decade. Obama is a puppet, although his interview on 60 minutes was his most candid words I have ever heard out of his mouth.
The next 4 years will have little effect.
I know statistically insignificant, but every one of my friends from early 40's to mid 50's is in a panic. Layoffs are the rule. someone looking for a job in their 50's is toast.
Companies are not hiring at least not in the Northeast. Corporations are learning to make due with less spending, including salary cuts and layoffs.
The economy has also been very rough for new graduates entering the workforce. Senior Americans are holding to their jobs and working longer which means less mobility and less entry level opportunities for those just starting out.
We're going to need big changes if we want to climb out of this hole we dug ourselves.
The economy has also been very rough for new graduates entering the workforce. Senior Americans are holding to their jobs and working longer which means less mobility and less entry level opportunities for those just starting out.
We're going to need big changes if we want to climb out of this hole we dug ourselves.
Employers know, that when times are tight, you keep your experienced and skilled workers.
There are no resources to train someone they can take advantage of, to replace the person training them, at a much lower wage.
When the Republican House killed the 4 trillion dollar deal they lost credibility on this issue. We are in trouble no matter what happens in November. I see neither party taking action. Where's Ross?
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