Over the last 12 months, we have added an average of 148,000 jobs per month.
Problem is, we have to add 125,000-150,000 jobs per month just to keep up with the increasing population.
So basically, we haven't improved at all over the last year. How much longer do we want to be at 8%(12%) unemployment?
So...we are two thousand down from the top projection of 150,000...and you are complaining? The economy is slowly picking up. Relax.
Well it depends on market confidence increasing and that is slowly happening unemployment has fallen slowly since Obama became president (overall anyway) the problem as ever in America is that we rely on the wealthy to create jobs and they are about as skittish as that groundhog, if they see a shadow we are in for three months more economic hardship and unemployment. The thing is there are plenty of jobs to be created that would turn a profit, enough to get rid of unemployment but capital holders are making more money by letting their money collect interest, as a result people go hungry and unemployed, the governemnt keeps them afloat so they don't go under and the capital holders continue to make money.
Sum result: More debt for the country and a larger wealth gap.
Unemployment has fallen mostly from people falling off unemployment. If you count those people, we're at ~11%.
I love this. "capital holders are making more money by letting their money collect interest". Interest? Yeah, I'm sure they are real happy about getting 0.85% while inflation is 1.5-3%.
If you want the wealthy to create jobs, have the government ease up on regulations and taxes.
The fact is, we aren't really creating jobs, and we haven't been for the last year. Over the last 3 months we have effectively lost over some 150,000 jobs. Yay. Go us.
I got a job...I have two jobs...my wife got a job. Keep in mind that 125,000 is the bottom number, and that barely treading water is better than sinking like a rock, which is where we were at when OBLAMA took POTUS.
So, you think the recovery that we have enjoyed(what little it is) is because of Obama's policies?
Are you aware that markets naturally experience growths and recessions all the time across every timeframe, and naturally fix themselves?
Obama made everyone think that his plans would keep unemployment from ever getting this high. His plans aren't even reducing unemployment.
Obama 2012 - Treading water is good enough for us!
Their money is not collecting interest in the US banks with low interest but rather in foreign banks with high percentile returns.
Don't forget the fact that a country with high interest rates will also increase in valuation in regards to your currency, so once you exchange your 'savings' back to USD you lose most, all, or more of what you made.
You should take a look at what businesses are actually saying, instead of just making things up. Businesses are worried about the current economic condition, because things haven't gotten much better, contrary to what Obama likes to say. They are worried about the threat of increasing regulations. We don't have a stable environment, things change too much. Our tax rates are higher than nearly everywhere else.
Hell of a lot better than his predecessor who if i remember correctly slashed taxes without budgeting for it.
Forget about Bush. Obama's record has nothing to do with Bush. We have 0% growth in employment with Obama. Are you happy with that, or can you just say 'better than Bush'?
Besides, if you actually look at tax rates, they haven't changed much over the last 10-20 years. Everyone talks about tax cuts and increases, but effective rates don't actually change much.
Did Obama budget for his ridiculous spending?
my point was that we cut taxes pretty hard for a two trillion dollar deficit and unemployment rose...
Also you should know what a pattern turnaround is if unemployment is rising astronomically and then it stops and starts slowly lowering then that is a positive change in pattern.
Coaxing jobs out of the wealthy is the most bizarre ritual it's like with a dog, just wave a bone in front of him and go cmmon cmmon except the bone is tax cuts we can't afford and it may still not work, more people are realizing this a pointless process that needs to be eliminated.
Haha, you don't have to coax wealthy to create jobs. You just have to let them do it.
You talk about tax cuts, but our tax rates are still higher than almost every other country in the world. Do you know how competition works? Having the highest tax rate isn't a good thing.
Average tax on new investments in the OECD is about 23%. Average tax on new investments in USA is about 30%. Where do you think people want to invest their money?
Of GDP in the US 27.3 goes to taxation the OECD average is 36.2
Irrelevant. Tax as a percentage of GDP doesn't show what tax rates are.
If two countries both taxed all companies and individuals at 100% with no deductions or loopholes, they would have different GDP/Tax ratios.
Company A will be taxed 30% in USA and 23% on average in the OECD. The only figure that matters is what percentage of an entity's income is taxed, not what percentage that tax amount is compared to GDP.
I guess all those public service people who have been let go by various states add to the unemployment...
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