Where are the jobs?

SteamWake · 10-30-09, 10:55 AM

There is positive news on the financial front some are saying 'recovery' and 'back on track'.

A few quick stunts such as bank bail outs, cash for clunkers, and such surley led to the apparent recovery.

But I have to ask.... Where are the jobs?

http://apnews.myway.com/article/20091029/D9BKMVMG0.html

FIREWALL · 10-30-09, 11:37 AM

Good question. I don't see anything happening until next Spring at the earliest.

nikimcbee · 10-30-09, 01:02 PM

I'm under the impression that they are creating more Gov't jobs. That's what they're advertising around here anyway. Gov't is growing very rapidly here in ore-gone. We do have second highest unemployment though.

nikimcbee · 10-30-09, 01:41 PM

http://www.bloomberg.com/apps/news?p...d=aUuHhaDx8Hr8

He inherited the problem.

oh, okay. Everyone, it's not obama's fault. He was just present.

Platapus · 10-30-09, 07:55 PM

The jobs may never come back.

I don't think consumers will be spending like they did prior to the crisis. I think it scared a lot of people into pulling their head out of their butts and start really thinking of what they are spending their money on.

I know it is true in my family. We are cutting way back on our discretionary spending -- really looking at what we are buying and why we are buying it. For example, Christmas. There was a time when our total bill for Christmas shopping for the entire families was about $5,000. This year our budget for everyone is $1,000 and that includes for all the families. I am not going into debt any more for Christmas shopping. If I don't have the money in the bank, the money does not exist.

I am almost finished with moving my family to a cash only operation. If we want something we are saving our money and not just reaching for the credit cards like we used to. And we are closely examining why we are buying the stuff we need and frankly, often deciding that we really don't need to spend the money.

If a large number of families are of like minds with me, the businesses that cater to "discretionary" spending may be facing an uncertian future.

I am simply not buying the same stuff that I was buying a year ago, and when the economy gets better, I have no intention of changing back to my old wasteful ways. I was spending way too much way too fast. I could afford to do so, but did I really need to spend that much? Absolutely not!

I doubt I am the only one of this mind set.

So there may be some businesses that will never recover.

10-30-09, 09:43 PM

Interesting post.

Quote:

We are cutting way back on our discretionary spending -

How does that affect previous trends for a point of measure?

Quote:

If I don't have the money in the bank, the money does not exist.

Wow, people thought that credit was money?
I thought Charles Dickens had thoroughly ridiculed that notion in All the year round years ago and Wilde had finished it off entirely long before Pinter or Bleasdale felt the need to rip the notion to pieces again

Stealth Hunter · 10-30-09, 09:52 PM

Quote:

Originally Posted by nikimcbee

http://www.bloomberg.com/apps/news?p...d=aUuHhaDx8Hr8

He inherited the problem.

oh, okay. Everyone, it's not obama's fault. He was just present.

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

nikimcbee · 10-30-09, 09:59 PM

Quote:

Originally Posted by Stealth Hunter

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

You mean Barney Frank.

Aramike · 10-31-09, 08:28 PM

Quote:

Originally Posted by Stealth Hunter

Well yeah- he did inherit the problem. You forget that the economy went sour when Bush was in office in 2008, after the housing market and subprime mortgage crisis in addition to the dollar's decline in value; which led to record unemployment levels and a huge decline in the country's GDP. For that matter, NBER announced that the recession had officially began in December 2007.

You're absolutely right. Bush was president. And the DEMOCRATS had control of congress. AND Obama was a Senator.

I'm trying to figure which legislation the Democrats passed that would have helped prevent any of this from happening, that Bush vetoed.

Frankly, I think the problem goes beyond politics. Government only has SOME influence regarding our economic system.

My problem is that the Democrats are quick to lay the blame squarely at Bush while completely ignoring their own contributions to the problems

10-30-09, 10:55 AM	#1
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Where are the jobs? There is positive news on the financial front some are saying 'recovery' and 'back on track'. A few quick stunts such as bank bail outs, cash for clunkers, and such surley led to the apparent recovery. But I have to ask.... Where are the jobs? http://apnews.myway.com/article/20091029/D9BKMVMG0.html __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

10-30-09, 11:37 AM	#2
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	Good question. I don't see anything happening until next Spring at the earliest. __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???

10-30-09, 01:02 PM	#3
nikimcbee Fleet Admiral Join Date: Jul 2003 Location: Patroling the Slot. Posts: 17,952 Downloads: 90 Uploads: 0	I'm under the impression that they are creating more Gov't jobs. That's what they're advertising around here anyway. Gov't is growing very rapidly here in ore-gone. We do have second highest unemployment though. __________________

10-30-09, 01:41 PM	#4
nikimcbee Fleet Admiral Join Date: Jul 2003 Location: Patroling the Slot. Posts: 17,952 Downloads: 90 Uploads: 0	http://www.bloomberg.com/apps/news?p...d=aUuHhaDx8Hr8 He inherited the problem. oh, okay. Everyone, it's not obama's fault. He was just present. __________________

10-30-09, 07:55 PM	#5
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,380 Downloads: 63 Uploads: 0	The jobs may never come back. I don't think consumers will be spending like they did prior to the crisis. I think it scared a lot of people into pulling their head out of their butts and start really thinking of what they are spending their money on. I know it is true in my family. We are cutting way back on our discretionary spending -- really looking at what we are buying and why we are buying it. For example, Christmas. There was a time when our total bill for Christmas shopping for the entire families was about $5,000. This year our budget for everyone is $1,000 and that includes for all the families. I am not going into debt any more for Christmas shopping. If I don't have the money in the bank, the money does not exist. I am almost finished with moving my family to a cash only operation. If we want something we are saving our money and not just reaching for the credit cards like we used to. And we are closely examining why we are buying the stuff we need and frankly, often deciding that we really don't need to spend the money. If a large number of families are of like minds with me, the businesses that cater to "discretionary" spending may be facing an uncertian future. I am simply not buying the same stuff that I was buying a year ago, and when the economy gets better, I have no intention of changing back to my old wasteful ways. I was spending way too much way too fast. I could afford to do so, but did I really need to spend that much? Absolutely not! I doubt I am the only one of this mind set. So there may be some businesses that will never recover. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.