Higher business energy expenses need to be offset somewhere. Along with energy impact on consumer consumption.
McCain/Palin should hammer the point that cheap and plentiful energy fuels our economy and that Obama is happy about the high energy costs and the resultant brakes that puts on the US economy.
The Press loves getting in teh word ‘Recession’ into any story on the economy. Only Doom, Gloom and the Death of Hope at the hands of rich white men will do for their stories.
If any political entity effects the economy, it’s the Legislature. People understand this. That’s why the approval rating of Congress is in the single digits.
Students are returning to school. Wouldn’t that play a roll in this? I’m dumb when it comes to this stuff, so please excuse if it’s a stupid question. Somebody told me a long time ago, that the only stupid question, was the one you didn’t ask.
The US Auto industry is in the tank. That alone has to count for a lot of job loss. Ford’s market cap has almost dipped lower than Harley.
There is an unwinding happening here. Housing and other asset declines, deflated dollars and reduced purchasing power, lack of affordable energy and yes, there will be pain while we work this out. Bubbles create a huge mess when they pop and we saw it in 2000-2003 and we are seeing it now.
Last time they adjust growth up and lost jobs down. Why? Will it happen again?
Can someone tell me why kids, still in school and supported by their parents need to "make a living"?
Want to turn the economy around and create the good, long-term, high paying jobs of the future?
One word. Just one word:
“Hemp.”
Gee, didn’t President Bush on 30 June just sign another extension of unemployment benefits? Might this not have inspired more people to sign up as unemployed.
D’oh.
It’s all the layoffs of the dinosaur drive-by media.....
Time for more raids on plants that are loaded with identity stealing illegal immigrants. The ‘now hiring’ billboards go up right after those raids.
In other news today employment is at 94%...
Don’t forget the MSM is having to shed jobs! They chose the wrong side to put their money on — liberal Democrats and now Obama.
Our unemployment rate in Oklahoma is low, very low compared to a lot of places. Our rate in July was 4.5% lower then any state surrounding Oklahoma. Why? Oil and gas and aviation make Oklahoma pretty recession proof.
We have become the location of a host of military aerospace companies. You want a job in aerospace, come to Oklahoma — they are looking for aerospace, electrical, and mechanical engineers. Have a list of all aerospace companies doing business in Oklahoma and it is page after page.
The rate in my County, Cleveland, is 3.4% and in Oklahoma County north of us 4.3%. There are help wanted signs everywhere I drive in this area. This year OU students can pick and choose where they want to work.
I am sure the end of summer job season doesn’t help with the numbers.
Lets see now. Record high oil prices have killed car sales leading to fewer jobs. Record high oil prices have made transportation costs higher, causing price inflation. Record oil prices have made food cost more. Record oil prices have made packaging and transporting food higher.
Record oil prices have taken away a higher personal disposabal income, resulting in less consumer spending, including new construction.
So why is unemployment going higher? Because of record oil and energy prices reducing jobs because of less disposable income. The blame of economic downturn is related directly to fewer domestic energy sources, limited by the Democrats, and a record dependence on foreign oil.
Drill Here. Drill Now. Pay Less!
All we have to do to even things out is boot a mere 1% of the illegal aliens here and get Americans to do those jobs.
Howard Dean, Nancy Pelosi, and Harry Reid rejoice...