Unemployement is up, shocking!!!!

[LETSFIGHTBACK]

It was just announced that unemployment has increased from 9.5% to 9.6%, with 53.000 jobs lost in August. Now Obama said that he created over 3 million jobs, but I'll play along. What no one is asking is what are the quality of those jobs. Can you sustain yourself or a family on the wages of this job?, no, you can't. They were part time jobs, temp jobs, contract jobs, low wage, 7.50 hr jobs. So when you add the 9.6% government statistic to the amount of underemployed, part time, temp, contract workers,you are looking at over 24 million unemployed, not the 14.9 million quoted by the bought and paid for whores in washington.

[zimmerwald1915]

I suspect the talk of "creating jobs" is actually doublespeak for "we have three million more jobs now than we would have now if Policies X, Y, and Z hadn't been implemented." Of course, nobody can really know that as such an argument is based solely off projections, and the real situation, as you point out, is one where unemployment is rising (despite the disappearence of "discouraged workers" from the rolls) and the quality of employment is falling.

[Luisrah]

Heh, in Portugal, the unemployment of people between 15 and 24 years is 22,4% and the ''normal'' is 10,5%.
That's 600 thousand in a roughly 10 million population. And estimates are it will continue to rise and by the end of 2011, it'll have reached 11%.

[Delenda Carthago]

Heh, in Portugal, the unemployment of people between 15 and 24 years is 22,4% and the ''normal'' is 10,5%.
That's 600 thousand in a roughly 10 million population. And estimates are it will continue to rise and by the end of 2011, it'll have reached 11%.
thats why your revleft is like 20% and in US 0.000000001%

[Rusty Shackleford]

while unemployment is up, have you notices the stock market gaining 150, 50, and then 100 points over the last 3 days?

its ridiculous.

[LETSFIGHTBACK]

while unemployment is up, have you notices the stock market gaining 150, 50, and then 100 points over the last 3 days?

its ridiculous.


Yeah, that's because the welfare recipient stockholders, the people who don't work, but live off of the labor of those that do, love it when business lowers their overhead, i.e layoffs, mergers, buyouts, outsourcing, lower wages etc, which will temporarily produce big profits, until a total crash. It sounds bad to say it, but, CRASH BABY CRASH.

[Rusty Shackleford]

i secretly hope for a total economic collapse, but like in the thread "pray for a third dip?" i expressed a certain degree of fear if that were to happen.

im regurgitating what i said before. dont worry about the crash, build the left.

at the same time, theres talk of a food crisis and russia is withholding all grain exports until next years harvest. apparently they have 21 to 26 million tons of grain sitting around.

im sure the government it just working with the oligarchs and will start to sell again when wheat prices skyrocket creating more profits for russian agriculture at the expense of many peoples bellies.

[Magón]

i secretly hope for a total economic collapse, but like in the thread "pray for a third dip?" i expressed a certain degree of fear if that were to happen.

im regurgitating what i said before. dont worry about the crash, build the left.

at the same time, theres talk of a food crisis and russia is withholding all grain exports until next years harvest. apparently they have 21 to 26 million tons of grain sitting around.

im sure the government it just working with the oligarchs and will start to sell again when wheat prices skyrocket creating more profits for russian agriculture at the expense of many peoples bellies.

No doubt, but there were also those big fires that put a serious damper on Russia's Wheat Exporting market, so it's no surprise they're holding that much grain against the market. Plus, if they did sell it, to them it'd only cost them problems because 21-26 million tons of grain isn't a lot to feed the whole Western World, or at least the majority groups who buy Russian Wheat.

As for the unemployment part, my room mate actually got warned the other day that she might get laid off because of money. It's a damn shame, because if she gets laid off, then that really restricts her schooling, and ability to pay her share of the rent on the house we're at. Same could go for me once I return home, so I don't really want a economic collapse just yet. (Well, maybe a couple weeks from now, but not today, tomorrow, or the coming week. :lol: )

[Peter The Painter]

Capitalism is very good at sustaining itself, It will never allow itself to just crash and go completely under.

Its like greece is in turmoil right now, but they will sell their Islands and keep the austerity measures, and Germany and the US, will give them a bailout.

China will tie with japan as second strongest economy soon, and we will have the same old shit, but with different superpowers.

China and Russia will become the strongest, followed by japan and the USA.

Proxy wars will most likely start, like a new cold war, but between state capitalist and corporation ran plutocracies like the USA.

As for being unemployed, I am, and now whenever i get into an arguement at home, my family pull the

"you do not have a job, so your opinion on working class issues is irellavent, you fucking dole scum"

Even though I never have claimed the dole.

Job centres are shit, you print the vacancies off, ring up, and the vacancy has been filled.

Some places will not take you unless you already have a fucking job.

[Red Commissar]

Yet how much of this will be framed by certain groups in the media as a sign of Obama's "socialist" policies failing? I know plenty of people who will be quick to see this as a failure of "socialism" and why we need to adhere to real free-market principles.

[Obzervi]

When this burning ship sinks, I will be cheering on the sidelines.

[Nolan]

Yet how much of this will be framed by certain groups in the media as a sign of Obama's "socialist" policies failing? I know plenty of people who will be quick to see this as a failure of "socialism" and why we need to adhere to real free-market principles.

They've got to figure out some way to cover their ass. Blaming it on someone else makes sense.

[leninfan]

Heh, in Portugal, the unemployment of people between 15 and 24 years is 22,4% and the ''normal'' is 10,5%.
That's 600 thousand in a roughly 10 million population. And estimates are it will continue to rise and by the end of 2011, it'll have reached 11%.

Why is there so much unemployment in Portugal?
I met a neurosurgeon and his father, and energy guy, and they told me how much alternative energy is being used over there... I guess those facilities don't always add up to a lot of jobs.