Historical Economic Grace Period?

saden1 · 02-06-2009, 01:14 PM

Quote:

Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months. It is worse than the forecast of a loss of 540,000 jobs from economists surveyed by Briefing.com

The rise in the unemployment rate was worse than the 7.5% rate economists expected. The unemployment rate is now at its highest level since September, 1992.

firstdown · 02-06-2009, 01:19 PM

Quote:

Originally Posted by saden1

No Rush:

Yea but a poor bill thats just rushed through so congress can say they did something will not stop that trend. Thats why I say they should not try to rush this through.

Trample the Elderly · 02-06-2009, 01:38 PM

Quote:

Originally Posted by saden1

No Rush:

I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.

saden1 · 02-06-2009, 01:59 PM

I'll let the president speak for himself.

firstdown · 02-06-2009, 02:44 PM

Quote:

Originally Posted by Trample the Elderly

I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

CRedskinsRule · 02-06-2009, 03:04 PM

Quote:

Originally Posted by firstdown

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

At least the grass will be greener!!!

firstdown · 02-06-2009, 03:10 PM

Quote:

Originally Posted by CRedskinsRule

At least the grass will be greener!!!

For 21 million it should never need water and cuts itself.

saden1 · 02-06-2009, 03:47 PM

Quote:

Originally Posted by firstdown

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

In a time of recession the government buying fuel efficient cars which save the government money in the long run from ailing car companies receiving bailout funds is a good thing. Two birds with one stone! Big revelation, are you ready for it? 66% of the stimulus bill is pork!

Is it just me or is economics really counter intuitive?

firstdown · 02-06-2009, 04:10 PM

Quote:

Originally Posted by saden1

In a time of recession the government buying fuel efficient cars which save the government money in the long run from ailing car companies receiving bailout funds is a good thing. Two birds with one stone! Big revelation, are you ready for it? 66% of the stimulus bill is pork!

Is it just me or is economics really counter intuitive?

That I might buy if its done on like replace the older cars first and do it as needed instead of all at once. Hey, Saden have a good weekend.

Schneed10 · 02-06-2009, 04:11 PM

Quote:

Originally Posted by firstdown

For 21 million it should never need water and cuts itself.

And I better not hear ONE police officer EVER yell at me for letting my kids play on the grass!

saden1 · 02-06-2009, 05:22 PM

Quote:

Originally Posted by firstdown

That I might buy if its done on like replace the older cars first and do it as needed instead of all at once. Hey, Saden have a good weekend.

I hope they're spending the money wisely and efficiently. Like my old man says though, never gleefully perform self-amputation before consulting a doctor.

Thanks man, have a good weekend too.

dmek25 · 02-06-2009, 07:28 PM

Tentative deal reached on stimulus
i guess this is where it starts?

firstdown · 02-09-2009, 05:18 PM

Quote:

Originally Posted by dmek25

Tentative deal reached on stimulus
i guess this is where it starts?

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

saden1 · 02-09-2009, 07:58 PM

Quote:

Originally Posted by firstdown

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

firstdown · 02-09-2009, 10:43 PM

Quote:

Originally Posted by saden1

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

Well if it fails then it is failing to the tune of around 850 billion so it can do bad. I'm not saying do nothing I just don't think you sit down and decide to spend that kind of money with a bill they are rushing through. Obama even said tonight this is just the first step so how much money is this going to cost and what are the other steps.

02-06-2009, 01:59 PM	#19
saden1 Eternally Legendary Join Date: Feb 2004 Location: Seattle Age: 33 Posts: 9,738	Re: Historical Economic Grace Period? I'll let the president speak for himself. __________________ RG3, RGIII, RG三, RG३, RGγʹ, RGג, RG٣, RG๓, RG..., RG셋, RGԳ!

02-06-2009, 07:28 PM	#27
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 51 Posts: 10,442	Re: Historical Economic Grace Period? Tentative deal reached on stimulus i guess this is where it starts? __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

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Historical Economic Grace Period?

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