Deepening crisis traps America's have-nots

catherine at 03:51 2011-01-12 said:

depression, huh???? :lol: really........... The actual number of jobs contracted by 260,000 to 153,690,000. The “labour participation rate” for working-age men over 20 dropped to 73.6pc, the lowest the since the data series began in 1948. My guess is that this figure exceeds the average for the Great Depression (minus the cruellest year of 1932).

this is why foreclosures aren't going to stop for anytime in the near future.............jobs, jobs, jobs, 409,000 just got invited to the party last week...........

finally we are getting the real truth...........you can't fix something IF YOU ARE TOO SCARED TO ACKNOWLEDGE IT

I mean the DAMAGE WAS IN OUR FACES AND WE TRIED TO PRETEND IT WAS EVERY OTHER REASON BUT THE ONE STARING US IN THE FACE............

EVERYONE WANTS A VILLAIN...........and the longer the courts and governments stall dumping them and getting them resold the longer the horror lasts.......the paying public will soon get ugly about people living for free.......... Permalink

achtung at 07:49 2011-01-12 said:

catherine at 08:35 2011-01-12 said:

you see the damage, YOU KNOW with 409,000 losing their jobs last week THAT THE NUMBER SHOULDN'T HAVE GONE DOWN :roll:

and still you believe everything they spew............

in 1983 all unemployed were counted

this ADMINISTRATION said if you are unemployment more than 24 months YOU DONT COUNT :shock:

if you quit looking (one million dumped a year ago) YOU DONT COUNT :shock:

:lol: :lol: now how do you figure they know people QUIT LOOKING?????...........

:lol: :lol: shortly you are going to see the realllllllllllllll number

and even you boyswill see that they have been lying..............and then you can move to another bash....... :roll:

I was in the industry in 1983 AND IT WAS NOTHING LIKE THIS...........remember REAGAN WON 49 STATES, 49 STATES in 1984 (not much media mention that)

and IT WAS NOTHING LIKE THIS for him to win 49 states...........Mondale only won one..............and the best thing Mondale EVER did was to call Oilybama's teleprompter problem an IDIOT BOARD problem............

kool-aid, sweet and tasty....... Permalink

achtung at 08:50 2011-01-12 said:

:lol: :lol: the government LOVES GUYS LIKE YOU

you see the damage, YOU KNOW with 409,000 losing their jobs last week THAT THE NUMBER SHOULDN'T HAVE GONE DOWN :roll:

and still you believe everything they spew............

in 1983 all unemployed were counted

this ADMINISTRATION said if you are unemployment more than 24 months YOU DONT COUNT :shock:

if you quit looking (one million dumped a year ago) YOU DONT COUNT :shock:

:lol: :lol: now how do you figure they know people QUIT LOOKING?????...........

:lol: :lol: shortly you are going to see the realllllllllllllll number

and even you boyswill see that they have been lying..............and then you can move to another bash....... :roll:

I was in the industry in 1983 AND IT WAS NOTHING LIKE THIS...........remember REAGAN WON 49 STATES, 49 STATES in 1984 (not much media mention that)

and IT WAS NOTHING LIKE THIS for him to win 49 states...........Mondale only won one..............and the best thing Mondale EVER did was to call Obama's teleprompter problem an IDIOT BOARD problem............

kool-aid, sweet and tasty.......

What my numbers say, is that we are at the same inflection point that the Reagan presidency was, 4 years into his term (statistically speaking)

Unemployment was over 10% for Reagan, so yes, it WAS like this. I was here too!!!

Whatever take you want to have on the actual numbers, the percentage is the relevant number. You can argue that maybe there were more in prison, military, or stay at home moms at the time, but they would not figure in the workforce percentage. The workforce percentage is an aggregate of those who actually want to work, therefore, when I state the 64% figure, it relates to the same calculation we would come to today. Permalink

buyerbeware at 11:17 2011-01-12 said:

you see the damage, YOU KNOW with 409,000 losing their jobs last week THAT THE NUMBER SHOULDN'T HAVE GONE DOWN :roll:

and still you believe everything they spew............

in 1983 all unemployed were counted

I don't know why you continue to claim that 409,000 lost their jobs last week. You either don't understand the method, don't care, or you're too far into the lie to back out now.

And you're wrong about all unemployed being counted in the published unemployment numbers from 1983. In fact, U-6 from the peak of the 1983 recession was nearly 20%. All you have to do is look it up. The government reports U-3 and has for a long time. It's the lower number; no mystery to why they do it - republican and democrat administrations alike. Permalink

catherine at 21:20 2011-01-12 said:

But the latest downturn is already eclipsing that one. Unemployment has stood above 9% for 20 straight months—longer than the early 1980s stretch—and is likely to remain above that level for most of 2011, putting downward pressure on wages.

Robin I will use YOUR articles, okay..............they will do the job (this is the second time in a week that they have disputed YOUR articles)

http://ml-implode.com/staticnews/2011-01-11_DownturnsUglyTrademarkSteepLastingDropinWages.html Permalink

buyerbeware at 22:12 2011-01-12 said:

The only other downturn since the Depression to see similarly large wage cuts was the 1981-82 recession.

But the latest downturn is already eclipsing that one. Unemployment has stood above 9% for 20 straight months—longer than the early 1980s stretch—and is likely to remain above that level for most of 2011, putting downward pressure on wages.

Robin I will use YOUR articles, okay..............they will do the job (this is the second time in a week that they have disputed YOUR articles)

http://ml-implode.com/staticnews/2011-01-11_DownturnsUglyTrademarkSteepLastingDropinWages.html

Since you've moved the goalposts (again), I'll remind you of what I am "disputing":

Your claim that initial unemployment claims is the same as the number of people who lose their jobs each week, is wrong. I know it won't stop you from repeating the lie, but it's wrong nonetheless.

And your claim that all unemployed were counted in the government's published number back in the 1980's.......well, that's wrong too. Permalink