Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Parking Lot


September unemployment is 9.8 percent

Parking Lot


Reply
 
LinkBack Thread Tools Display Modes
Old 10-04-2009, 12:26 PM   #31
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 41
Posts: 80,416
Re: September unemployment is 9.8 percent

Great job ruining the thread.
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote

Advertisements
Old 10-04-2009, 01:12 PM   #32
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 41
Posts: 80,416
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by jsarno View Post
HAHAHA...then what would you catagorize it as?

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.
Economics and politics are not one in the same. Ever take an economics course?
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote
Old 10-05-2009, 07:37 AM   #33
The Starter
 
budw38's Avatar
 
Join Date: Mar 2006
Location: Northern,Va.
Posts: 2,380
Re: September unemployment is 9.8 percent

How is Bush " mostly " responsible for the " mess " we are in ? Clinton Admin. pass the Subprime / CRA's and eliminated the Glass Steagal Act . The Clinton admin . ran our banks and Financial Intstitutions as well as Fannie Mae Barney Frank's Fannie and Freddie Muddle - Sam Dealey (usnews.com) ...Robert Rubinís Days Are Numbered | Hennessy's View ....http://iusbvision.wordpress.com/2008...braines18.html ...Countrywide's Many 'Friends' - News Markets - Portfolio.com. Bush , Republicans could have done better on spending , but lets not ignore the fact that our banks , Fannie -Freddie , Senate and House Finance Commities were run by Frank-Dodd . See video of Fannie Mae CEO D. Mudd w/ Obama on YouTube . Much of the blame goes to Washington , on both sides of the isle , but the Dems need to stop this garabage of " giving " things away as if people are entitled to what they will not work for and earn .
budw38 is online now   Reply With Quote
Old 10-05-2009, 08:10 AM   #34
The Starter
 
budw38's Avatar
 
Join Date: Mar 2006
Location: Northern,Va.
Posts: 2,380
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by firstdown View Post
So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?
Do you think an 89,000 car , not built in the USA will help " stimulate " our economy ? Looks like it will help Mr. Al Gore Gore-Backed Car Firm Gets Large U.S. Loan [Finland that will sell for about $89,000....]
budw38 is online now   Reply With Quote
Old 10-05-2009, 09:38 AM   #35
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by jsarno View Post
HAHAHA...then what would you catagorize it as?

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.
For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.
Schneed10 is offline   Reply With Quote
Old 10-05-2009, 09:41 AM   #36
Franchise Player
 
FRPLG's Avatar
 
Join Date: May 2004
Age: 35
Posts: 9,914
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by Mattyk72 View Post
Economics and politics are not one in the same. Ever take an economics course?
Agreed. Someone tell our elected officials.
FRPLG is offline   Reply With Quote
Old 10-05-2009, 10:36 AM   #37
Impact Rookie
 
Hijinx's Avatar
 
Join Date: Apr 2005
Location: Memphis
Age: 39
Posts: 922
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by jsarno View Post
There is no real way of slicing that to make it better, the current administration is failing plain and simple.

The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.
Hijinx is offline   Reply With Quote
Old 10-05-2009, 12:13 PM   #38
The Starter
 
budw38's Avatar
 
Join Date: Mar 2006
Location: Northern,Va.
Posts: 2,380
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by Hijinx View Post
The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.
Who refused to deregulate the banks ? ... your banks were run by , R. Rubin , F. Raines of the clinton admin . Frank<D> and Dodd < D> were the chairmen of the Senate & Congressional finance/banking commities . Countrywide Financial / Fannie Mae were putting money into the Dems in return got subprime and CRA's ... OpenSecrets | Update: Fannie Mae and Freddie Mac Invest in Lawmakers - Capital Eye hard to lay blame on GWB for what happen in the 1990's ..http://seattletimes.nwsource.com/htm...i/Barney_Frank
budw38 is online now   Reply With Quote
Old 10-05-2009, 01:44 PM   #39
The Starter
 
steveo395's Avatar
 
Join Date: Mar 2005
Location: New Jersey
Posts: 1,674
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by Schneed10 View Post
For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.
So $800 billion for at most a half % unemployment rate drop? That was a good way to spend that money.
__________________

steveo395 is offline   Reply With Quote
Old 10-05-2009, 02:34 PM   #40
Registered User
 
firstdown's Avatar
 
Join Date: Oct 2004
Location: chesapeake, va
Age: 50
Posts: 15,818
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by steveo395 View Post
So $800 billion for at most a half % unemployment rate drop? That was a good way to spend that money.
It looks more like the 800 billion is being used to pay off suporters more then anything else.
firstdown is offline   Reply With Quote
Old 10-05-2009, 07:27 PM   #41
Playmaker
 
70Chip's Avatar
 
Join Date: Jan 2006
Location: Manassas
Age: 43
Posts: 3,048
Re: September unemployment is 9.8 percent

In the end I think Obama will laregly be judged by where this number is in September/October of 2012. Everyone assumes it will come down quite a bit but there is nothing that says it has to. Look at Europe.
__________________
This Monkey's Gone to Heaven
70Chip is offline   Reply With Quote
Old 10-05-2009, 07:44 PM   #42
Eternally Legendary
 
saden1's Avatar
 
Join Date: Feb 2004
Location: Seattle
Age: 34
Posts: 9,858
Re: September unemployment is 9.8 percent

What is the purpose of an economic stimulus?

A. Pay off supporters.
B. Build confidence in consumer and corporate spending.
C. Increase the national debt.
D. Reduce unemployment.
E. All of the above.

Please choose best answer.
__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."

-Jenkins
saden1 is offline   Reply With Quote
Old 10-05-2009, 08:06 PM   #43
Eternally Legendary
 
saden1's Avatar
 
Join Date: Feb 2004
Location: Seattle
Age: 34
Posts: 9,858
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by FRPLG View Post
Agreed. Someone tell our elected officials.
I'm not convinced politics and economics don't go hand-in-hand to some extent. Of course certain folks take the relationship too far in order to advantage of our economically ignorant public.

You can't have capitalism without statism.
__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."

-Jenkins
saden1 is offline   Reply With Quote
Old 10-05-2009, 08:21 PM   #44
Swearinger
 
GMScud's Avatar
 
Join Date: Sep 2006
Location: Washington, DC
Age: 35
Posts: 12,623
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by Schneed10 View Post
For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.
I'm not disagreeing with you here. I'm just curious though- Obama said the #1 goal of the stimulus is to create 3 million new jobs in two years. I don't have any figures in front of me as to how many adult Americans are unemployed currently, but I would think that if fully successful, 3 million new jobs would swing the rate by more than .5%.

Although I guess it doesn't really matter considering we're around 8 months into those 2 years and unemployment is still rising.
__________________
Insert witty signature here
GMScud is offline   Reply With Quote
Old 10-05-2009, 09:48 PM   #45
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by GMScud View Post
I'm not disagreeing with you here. I'm just curious though- Obama said the #1 goal of the stimulus is to create 3 million new jobs in two years. I don't have any figures in front of me as to how many adult Americans are unemployed currently, but I would think that if fully successful, 3 million new jobs would swing the rate by more than .5%.

Although I guess it doesn't really matter considering we're around 8 months into those 2 years and unemployment is still rising.
Well let's do some rough math. 300 million american citizens, assume 60 million or so are seniors, another 60 million or so are 18 or under, that leaves 180 million. Then some won't be in the workforce for a number of reasons. So figure there are 150 million in the workforce.

Create 3 million jobs, that represents 2% of the workforce.

But then a lot of those jobs Obama is creating are not permanent ones. So while they create a total of 3 million, it doesn't count the ones that go away once a project is finished (infrastructure projects).

So figure a 1-2% improvement in unemployment, based on this very rough math. So now reflecting on it, if fully successful, it's a little better than I first thought.

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.
Schneed10 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 06:16 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.31860 seconds with 10 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25