Posted on 02/21/2010 8:25:51 AM PST by TigerLikesRooster
Here's Why It's Different This Time
Henry Blodget | Feb. 21, 2010, 9:01 AM
Many economists still argue that the Great Recession was just like all the others, except a bit bigger.
Here's why they're wrong.
(Excerpt) Read more at businessinsider.com ...
P!
The Kenyan Islamo-Marxist. The public is so stupid - as long as they have their college ball games, unemployment check and some crack/meth.
Eventually natural selection will get them. They can't buck it for long.
November 4, 2008 used as the test date.
If “population” in that denominator is indeed the overall population, then that 2.5% “of the population” is easily six percent of the subset of the population (30-40%?) who could actually be holding jobs.
When you import 1.2 million legal immigrants annually, most of whom are poor and uneducated, there has to be an impact on taxes, employment, and the size of government. We being in 125,000 LEGAL FOREIGN WORKERS A MONTH RIGHT NOW.
bill klinton brought in 50,000 pack and indian “engineers” in the ‘90’s. same thing happened. You’d not hear English anywhere...
Until we get rid of the EPA and the Endangered Species Act, we will not have a significant improvement in manufacturing jobs in this country.
There are many more agencies to blame, but those two serve as an example of the problem.
To be sure some of the service and gov’t sectors are actually needed to facilitate private sector wealth generation. But how many are literally or figuratively just sitting in cubicles generating reports about the number of reports being generated?
So in terms of productivity - what percentage of the potential workforce is actually doing anything? Who thought this was going to end well?
My sister works with an engineer who used to process patents in PTO. She could get her two-week work quota done in one week. So she did and totally goofed off during week #2.
In the private sector, there is always more work than you can possibly get done.
"Well, I did as much as I did last week, so I guess that's all I have to do."
>>Until we get rid of the EPA and the Endangered
>>Species Act,
Not gonna happen.
Far too useful for the Fabian Socialist “world changers” who are busy chasing their delusion of Utopia by exporting American jobs to the third world.
Read Carry_Okie’s excellent post regarding who finances Enviro-wackism:
http://www.freerepublic.com/focus/f-news/999451/posts?page=67#67
“In the private sector, there is always more work than you can possibly get done”
Agree until self-serving bureaucracies set in as the organization becomes too large and enters the ‘diminishing returns’ or ‘negative economies of scale’ phases. At that point, they tend to stick around by regulating the competition out of business through political contributions or directly feeding at the gov’t trough.
Corporations, in particular, are susceptible to being overleveraged and effectively looted of working capital or having it all shipped overseas, with customers, everyday shareholders, employees, and the overall economy being left holding the bag.
True private free enterprise companies are WAY less susceptible to bureaucracy - but they are becoming rarer as influence peddling has simply grown out of control.
So we just say “not gonna happen” and let it go on the way it is?
Actually the EPA should exist, but with only a few well defined powers and goals.
Like no dumping poison in the rivers and lakes...with the definition of poison to be determined by someone other than the EPA.
Same for the other agencies that were started with good intentions but have now run a muck.
This debacle didn't start on this president's watch. It has been building since Nixon abandoned the Gold Standard in the wake the hyperinflation needed to monetize the Vietnam War debt. I don't mind all the crooks in this going to jail, but it is a lot of them and stretched back a long long time.
So you think most people who are unemployed actually LIKE it?
Great post, and timely, as I’ve been needing an update on this.
I will say it for the 100th time here. The signifying characteristic of this downturn that really most distinguishes it as a depression and not a recession, is the duration of unemployment. People fired and dumped are just not getting re-hired. They are living off savings, selling assets or others.
We are in a depression folks. I don’t think there is any getting around it.
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