The private sector is creating jobs ......

[CitadelGrad]

outside of the USA, where sane monetary and fiscal policy exists.

http://www.bloomberg.com/news/2010-11-1 ... -u-s-.html

[Skjellyfetti]

870,000 net private sector jobs added this year.

[CitadelGrad]

Oh, no wonder the unemployment rate is falling precipitously.

[Skjellyfetti]

Oh, no wonder the unemployment rate is falling precipitously.

Not falling precipitously. But, 1% so far this year is pretty good.

http://www.google.com/publicdata?ds=usu ... ment+chart" onclick="window.open(this.href);return false;

(And I really hope you don't spot a head and shoulders pattern in the unemployment charts. That would mean disaster for sure. )

[CitadelGrad]

I know you've had this explained to you before, but:

1. The chart you linked to is not seasonally adjusted.
2. It only shows the percent of labor force that is unemployed. It does not include those who have given up looking for work.
3. The seasonally adjusted rate high for 2010 was 10%. The current seasonally adjusted rate is 9.6%. That is a decline of .4%, not 1.0%.
4. There has not been a month-to-month decline since May-June, when it dropped from 9.7% to 9.5%. From July-August, the rate rose back to 9.6%, where it has remained for three consecutive months.

[kalm]

Our monetary policy, tax policy, and trade policy all do a good job of creating jobs overseas.

Good article Cid.

[Chizzang]

Perhaps it's just me...
but was I the only one laughing when I read this article

When do we dump the federal reserve system we're burdened with..?
Oh that's right NEVER




we certainly get what we deserve

[CitadelGrad]

Perhaps it's just me...
but was I the only one laughing when I read this article

When do we dump the federal reserve system we're burdened with..?
Oh that's right NEVER




we certainly get what we deserve

That's right, never. Can you recall the last time a federal act of any significance was repealed, even the unconstitutional acts like the Federal Reserve Act? The last one I can think of is the repeal of Prohibition and that was only because Roosevelt wanted the votes of the working class. I guess he figured if they could drown their Depression sorrows in booze, they would be more likely to vote for in gratitude.

[Chizzang]

Perhaps it's just me...
but was I the only one laughing when I read this article

When do we dump the federal reserve system we're burdened with..?
Oh that's right NEVER




we certainly get what we deserve

That's right, never. Can you recall the last time a federal act of any significance was repealed, even the unconstitutional acts like the Federal Reserve Act? The last one I can think of is the repeal of Prohibition and that was only because Roosevelt wanted the votes of the working class. I guess he figured if they could drown their Depression sorrows in booze, they would be more likely to vote for in gratitude.

That combined with the sad fact that our last few presidents have been completely beholden to the FED

[travelinman67]

Oh, no wonder the unemployment rate is falling precipitously.

Not falling precipitously. But, 1% so far this year is pretty good.

http://www.google.com/publicdata?ds=usu ... ment+chart" onclick="window.open(this.href);return false;

(And I really hope you don't spot a head and shoulders pattern in the unemployment charts. That would mean disaster for sure. )

The manufacturing index is STILL falling, Jelly. Until that is fixed, the UI is just smoke-and-mirrors seasonal adjustments and govt. hiring.

And, so long as I'm on the topic...

...hiring 1.5 million unskilled laborers through "job program" training to retrofit American structures and residences with "green" technology, is NOT a solution. Playing this out to the "nth" degree...

...in 20 years, when every structure has become "high efficiency", R-90, etc...

...where do those 1.5M jobs go? Maintenance? Perpetual efficiency upgrades?

And HOW does this GROW our GDP????????????????????????????

Energy independence is part of the equation, NOT the function of GDP, Jelly.

This isn't political rhetoric...it's plain common sense.

[89Hen]

870,000 net private sector jobs added this year.

Strange chart. It almost looks like somebody made it red to represent a republican president and blue to represent a democratic president, but I don't think that could be the case... Bush was in office since 2000, so it would be very misleading to show info like this. You wouldn't do that, would you jelly?

[dbackjon]

Not falling precipitously. But, 1% so far this year is pretty good.

http://www.google.com/publicdata?ds=usu ... ment+chart" onclick="window.open(this.href);return false;

(And I really hope you don't spot a head and shoulders pattern in the unemployment charts. That would mean disaster for sure. )

The manufacturing index is STILL falling, Jelly. Until that is fixed, the UI is just smoke-and-mirrors seasonal adjustments and govt. hiring.

And, so long as I'm on the topic...

...hiring 1.5 million unskilled laborers through "job program" training to retrofit American structures and residences with "green" technology, is NOT a solution. Playing this out to the "nth" degree...

...in 20 years, when every structure has become "high efficiency", R-90, etc...

...where do those 1.5M jobs go? Maintenance? Perpetual efficiency upgrades?

And HOW does this GROW our GDP????????????????????????????

Energy independence is part of the equation, NOT the function of GDP, Jelly.

This isn't political rhetoric...it's plain common sense.

So how do we get manufacturing jobs BACK in the US, when UnFreeTrade, Wall Street have been driving jobs out of the country for decades?

[Chizzang]

So how do we get manufacturing jobs BACK in the US, when UnFreeTrade, Wall Street have been driving jobs out of the country for decades?

For starters we need to do something (and I don't know what) about that fact that we are the stupidest and the fattest 18 to 30 year olds in the industrialized world...

If I was building or adding to a global company I wouldn't build or add to it here in America - and what - fill it with under achieving lazy obese mildly retarded self aggrandizing American youths... no chance


Give me a company filled with Bombay Chinese Mexicans and I'll kick any American companies ass..!!!




Lets face it" Not only are our children FAT and LAZY... they're STUPID...
That my friend is the Trifecta

[youtube][/youtube]

[CID1990]

I think the FED's days are actually numbered. COnsider that:

1. More and more people are aware of the FED and its purpose.

2. Knowing its purpose, more and more people can see how it has failed miserably in its mission of protecting the value of the US dollar.

3. The calls for its abolishment are coming from more legitimate sources now than in the past.

4. The dollar is going to see a large devaluing ove the next 2 years, and this devaluing will not correct itself. It will become the 'new normal'.

5. The actions of the FED alone are going to be responsible for the next inflationary cycle, and the prognosticators have already pointed this out and exactly why this is the case. I think Americans are not going to accept a Barney Frank explanation for this.

6. The yuan (renmembi) is going to begin to replace the dollar on world markets.

There will be at the very least a major restructuring of the FED within the next 10 or so years.

[CitadelGrad]

The Fed isn't going anywhere and isn't going to change in any significant way. It's serves the interests of many powerful entities. Those entities will protect their golden goose.

[blueballs]

Perhaps it's just me...
but was I the only one laughing when I read this article

When do we dump the federal reserve system we're burdened with..? Oh that's right NEVER




we certainly get what we deserve

You mean the one that is making rules for my industry without debate, review, in favor of the big banks and purely by fiat that's ruining what's left of my industry??? That one???


ITA!!!!!!!

[CitadelGrad]

Perhaps it's just me...
but was I the only one laughing when I read this article

When do we dump the federal reserve system we're burdened with..? Oh that's right NEVER




we certainly get what we deserve

You mean the one that is making rules for my industry without debate, review, in favor of the big banks and purely by fiat that's ruining what's left of my industry??? That one???


ITA!!!!!!!

Why not ruin the industry by fiat? We already have a ruined fiat currency.

[Pwns]

The only way to revive manufacturing in this country is if we can make the pharmaceutical, tech, auto, and aerospace companies more competitive. We'd be much better off with the government helping these companies with R&D that they are having a hard time affording than we would with just more protectionism. And part of doing this is going to be removing the cap on H1B visas. It's absurd that we don't care about millions of Latin Americans with no real education or job skills pouring in but we can't bring in some of the best and brightest from up-and-coming economies like India and China to make ourselves more competitive in the industries that we can be competitive in.

We're not going to be a world leader in producing pots, pans, and blue jeans. Get over it.

[CID1990]

The only way to revive manufacturing in this country is if we can make the pharmaceutical, tech, auto, and aerospace companies more competitive. We'd be much better off with the government helping these companies with R&D that they are having a hard time affording than we would with just more protectionism. And part of doing this is going to be removing the cap on H1B visas. It's absurd that we don't care about millions of Latin Americans with no real education or job skills pouring in but we can't bring in some of the best and brightest from up-and-coming economies like India and China to make ourselves more competitive in the industries that we can be competitive in.

We're not going to be a world leader in producing pots, pans, and blue jeans. Get over it.

Whew. Don't get me started on the H1Bs.

True, they are a part of the puzzle, but with the fraud and abuse I'd say we utilize them enough for now. (granted with the fraud we still get better than what is coming across the southern borders)