The Real Recovery | November 06, 2009 | 33 comments

Unemployment rate tops 10 percent

source: http://www.wcbs880.com/Unemployment-Rate-Tops-10-Percent/5615524

Image
ebindelglass
The unemployment rate has surpassed 10 percent for the first time since 1983 - and is likely to go higher. http://www.wcbs880.com/Unemployment-Rate-Tops-10-Percent/5615524
  1. groups:
    Community,   Current Tonight,   US Politics,   Picked for Current Tonight,   4 more
  2. tags:
    News,  Economy,  Business,  Recession,  3 more
  3.     
    |

33 comments // Unemployment rate tops 10 percent

  • Ihatethemall
  • kreddig
  • Toughth
    • 0
      Toughth  

    • As long as we look to the asians to save our behinds then we are going to lose jobs, The only way to get and keep jobs is by being the best in every catagory, Education, New Ideas, Alternitive energy, and making sure that when a company gets a tax break in this nation it is not to send our jobs and ideas overseas, But to keep our people employed.

    • 2 years ago
  • MRprez
  • kivol
    • 0
      kivol  

    • This should be about how high unemployment is for our young just out of college generation. I've heard there unemployment or underemployment is close to 45%. The underemployment is lower but still higher than we would like.

      Obama can only do so much with crap shoot cabinet members who created this mess. Tim Geithner and Larry Summers to name a few, need to be kicked out of the administration. Elizabeth Warren and Joseph Stiglitz and a few others need to be added to the administration. The stimulus has saved or created a half million jobs. Many in the productive economy unlike the wall street bull shit under the republicans good man dubya. Don't act like obama has any relation to the current crisis we in. He has helped. Not as much as we would like. Though I would rather have his help than the shitty private markets.

    • 2 years ago
  • clayjj05
  • neocongo
  • NotFooled
  • Ihatethemall
  • Ares
  • JohnA
  • neocongo
    • 0
      neocongo  

    • We absolutely need the types of back to work programs implemented during the Great Depression. If our government doesn't spend money now to do that, this deep recession is going to last a long time, if not worsen. A deficit is far preferable to a stagnant economy due to unemployment.

    • 2 years ago
  • JohnA
  • neocongo
  • Ares
  • kivol
    • 0
      kivol  
    • neocongo:

      The reason why the stimulus hasn't had complete success is because most of the bill was tax cuts(thank you corporate democrats and fucking-stupid republicans for the middle class. I think anyone making under 250,000 saw a decrease. It was small maybe like a couple hundred but it helps. I wish it was lower than(the 250,000) that because i don't believe your in the middle class when you make that much. I would say anything under 150,000 per household. Once you get households who make that much (150) your in the 10% of the population. The other 90% make far less.

    • 2 years ago
  • kivol
    • 0
      kivol  
    • neocongo:

      many big name economists said the stimulus should have focused on job creation and be three times larger. so the stimulus should have been about 1.5 trillion, but hey fuck our infrastructure who needs it any way, or hey give it to the private market to zap the profits and leave the public holding the bill. Thats CAPITALISM! gotta love the bullshit free market hahaha more like corporate leisure redcoat free market.

    • 2 years ago
  • Ihatethemall
    • 0
      Ihatethemall  
    • neocongo:

      your president is a fucking moron. The sooner you face it the sooner the healing can begin for your broken heart.

      "if we dont pass this porkinus bill NOW the unemployment is going to rise above 8%"
      What a fuckin joke he is.

    • 2 years ago
  • bbar
    • 0
      bbar  
    • neocongo:

      Typical Keynesian argument...

      ..."So what happens if this stimulus doesn't work?" They'll just say we didn't spend enough. Can any of you actually give me a number? Or even some kind of reasonable approximation? I'm just curious, what is enough money to print?

      I've posted it before, and I'll post it again.

      http://www.youtube.com/watch?v=czcUmnsprQI

      Why don't some of you who think the free market is worthless stop reading John Keynes, listening to our current administration, our congress, the same mainstream economists who got us into this mess in the first place, etc... for a second and take a lesson from history. Then try to fit that into your stupid economic model.

      Also, here's a short 2 minute video you might appreciate. His name is Milton Friedman. Maybe you've heard of him.

      http://www.youtube.com/watch?v=RWsx1X8PV_A

      [And no, I don't agree with everything Friedman has said (I know how you guys argue on here), but we've learned a lot from him.]

      Oh hey, and neo, good idea -- let's do the same thing we did to combat the depression of 1929 so we're sure to have a speedy recovery. That lasted, what, close to 15 years? You win the trophy.

      @Ihatethemall. amen.

    • 2 years ago
  • fun_size
    • 0
      fun_size  

    • The economy is an extremely complex system. It takes a long time to fix the problems that have currently left us in a deep recession. The recession is largely the fault of Bush and his cronies and their irresponsible fiscal policies. Were going to be feeling the effects of Bush's stupidity and greed for years.

    • 2 years ago
  • kivol
    • 0
      kivol  
    • fun_size:

      nope, this started with carter. Then regean tripled the defense budget, started the idiotic supply side economics, deregulation. Then we can skip to clinton in his last term and repealing glass stegall. Then bush two came along and really fucked our country. Obama i hope he isn't like any of these so called great gentlemen.

    • 2 years ago
  • mojojuju
    • 0
      mojojuju  
    • fun_size:

      Nope, it goes back farther than that.

      Started with Nixon..

      Nope, wait a minute, it was Dwight D. Eisenhower.

      Hang on, that's not right, It was most certainly Calvin Coolidge, or maybe it was Woodrow Wilson. I'm not sure, but it was one of the two. I know this because I am a guy on the internet and I read a lot... Oh, and I went to college where I majored in presidentology, so you can trust me over the next guy who says otherwise.

      Hold on, I just read something else, looks like it goes all the way back to Lincoln. Yep, it was certainly Lincoln that messed up this whole situ--

      I got another feeling, it's correct this time. It was JAMES MONROE who was the original spark that started this whole mess. So we can just blame EVERYTHING on HIM.

    • 2 years ago
  • panichead
    • 0
      panichead  

    • Does anyone realize that the unemployment rate was 7.9% when war criminal bush left office. When the dumbass got in office it was 4.7%. I report ,you do the math.

    • 2 years ago
  • fun_size
  • mojojuju
  • afitzgerald
  • My_America
  • Varex_Sythe
  • My_America
    • 0
      My_America  
    • My_America:

      There is also a possibility if the stimulus wasn't passed it would be better today. OR if the administration to put strings on the $$$ (I don't agree it should of been given in the first place).

    • 2 years ago
  • MRprez
    • 0
      MRprez  
    • My_America:

      I also think the choice to give the money was the right one although it most likely saved each of those industries from being crippled. too bad we didn't have the forsight to invest money into keeping track of the spending of that money... and i dont think it would be possible that the economy would be better if we didn't spend money on those stimulus packages

    • 2 years ago
  • My_America
    • 0
      My_America  
    • My_America:

      Of course we will never know if it would have worked without the intrusion of Government. Although for 220+ years it has worked. Bush went against his beliefs and signed the first bailout them Obama was able to easily pass his bailouts and the increase of government (alligning with true beliefs).

      We are in a true mess.

    • 2 years ago
  • current89
  • jane44095
  • money214
  • s0uthc0ast
    • 0
      s0uthc0ast  

    • WooHoo, billions and billions in porkulus.
      Good job 0bama.
      You turd!
      Hey everybody, how's that hope and change working out for ya!?

    • 2 years ago
  • fun_size
  • captain_insano
more from The Real Recovery:
from the community

top videos