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Employment Situation...(MORE JOBS LOST Since Hussein's Election than in previous 11 months)
Bureau of Labor Statistics ^ | 3/6/09 | Gov't Bureaucrats

Posted on 03/07/2009 9:23:58 AM PST by Recovering_Democrat

Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.

(Excerpt) Read more at link.gs ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 111th; bho2009; bho44; bhoeconomy; economy; hopeychangey; jobslost; layoffs; obama; obamanomics; recession; stupidity; unemployment; zeronomics
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To: CRBDeuce

Outsourcing is a direct result of government intervention and over taxation. Those who could move to avoid the punitive taxes and regulations imposed by Democratic congresses did just that.

But, what the drones in this country hear is PBO saying he will eliminate tax breaks for companies that move offshore. The reality is that he can’t tax a company that is headquartered elsewhere, he will have to place a tariff on imports, causing the price for goods to rise.

They just don’t get it.


81 posted on 03/08/2009 10:18:43 AM PDT by Jvette
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To: Jvette
The CARD CHECK vote that will soon come.

I've been looking into relocating my business to a right to work state and this is a key consideration. If it goes through rather than relocate I'll probably look to invest elsewhere.

82 posted on 03/08/2009 10:50:30 AM PDT by wmfights (If you want change support SenateConservatives.com)
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To: CRBDeuce
If the country eventually comes to the conclusion that 'class envy' and cult following is the problem, not capitalism, that would be heartwarming, wouldn't it!

You bet!

I can't tell you how many times I've tried to explain to these "hate the rich" types that the current problem was not created by free mkts. It was govt interfering and pushing political considerations into a free mkt.

Govt triggered this mess by pushing sub prime lending through the CRA and then initially creating a secondary mkt for these loans through Fannie & Freddie. Wall street followed and has to bear responsibility for it, but they were not the principal cause.

Class envy will destroy this country. Persecute the wealthy for being job creators and making vast sums of money in the process and in no time at all you will not have jobs created.

83 posted on 03/08/2009 11:01:08 AM PDT by wmfights (If you want change support SenateConservatives.com)
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To: Recovering_Democrat

Obama is an economic illiterate.


84 posted on 03/08/2009 11:01:30 AM PDT by TheThinker (Shame and guilt mongering is the Left's favorite tool of control.)
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To: Jvette; CRBDeuce
Outsourcing is a direct result of government intervention and over taxation.

Capital moves to where it can find a reasonable return. I thought the irony was too much when the head of Ford sat at the table with GM & Chrysler as they pleaded for money. As that was going on Ford was announcing in Brazil a huge expansion of their new facility there.

85 posted on 03/08/2009 11:08:21 AM PDT by wmfights (If you want change support SenateConservatives.com)
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To: Recovering_Democrat

Companies are freaking out over Obama’s confiscation plans.


86 posted on 03/08/2009 11:55:57 AM PDT by Niuhuru (Fine, here's my gun, but let me give you the bullets first. I'll send them to you through the barrel)
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To: mefistofelerevised
He’s done nothing since taking office......

LOL!!

What rock have you been under?

87 posted on 03/08/2009 11:58:15 AM PDT by Osage Orange (Our constitution protects aliens, drunks and U.S. Senators. -Will Rogers)
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To: Osage Orange

read #73. I’m so sorry person with the name of a tree with useless fruit.


88 posted on 03/08/2009 1:25:12 PM PDT by mefistofelerevised
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To: mefistofelerevised
Not usless....

Squirrels love them........

89 posted on 03/08/2009 1:45:46 PM PDT by Osage Orange (Our constitution protects aliens, drunks and U.S. Senators. -Will Rogers)
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To: avacado
As long as there are 3 million people still employed then Obama can still claim to have saved 3 million jobs. Lots of wiggle room he gave himself!

LOL. Never thought of that. Those 3,000,000 will be federal employees, probably.

90 posted on 03/08/2009 3:32:54 PM PDT by Recovering_Democrat
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To: CRBDeuce
That would be #3...business was required to 'scale back' when the 2006 Congress passed the Pension Relief Act. The Act requires business to fund 90% of all pensions beginning January 1, 2009.

How many companies do you think still offer pensions? I think the only current pension programs are unions and government, but I have no statistics to back that up.

91 posted on 03/08/2009 11:58:41 PM PDT by Go Gordon
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To: Osage Orange

You’re right. I had a bad attitude yesterday. Osage orange is a very interesting tree and one of the hardest woods in the US with fruit that looks like a brain.


92 posted on 03/09/2009 7:00:48 AM PDT by mefistofelerevised
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To: mefistofelerevised

No worries....FRiend.


93 posted on 03/09/2009 7:57:09 AM PDT by Osage Orange (Our constitution protects aliens, drunks and U.S. Senators. -Will Rogers)
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To: JavaJumpy
It ends up being that I am heartless for wanting a poor father to try to feed his five kids on $6.50/hour because he CAN’T find any other job and he’s too TIRED to go to school or doesn’t have enough money and can’t get full backing to go to school and no one should have to take out loans to go to school. With them, there’s always an excuse.

Codswallop! I, myself, not 20 years ago, did exactly that. Worked two jobs, at $5.00 an hour, and went to school full-time. A family of 5... I also sold blood plasma from my own body, in order to make ends meet. I'm not a genius, an Einstein, or the like, but an average man. I f I could do it, then so can just about anybody else, provided they chose to better themselves ! For those who choose not to, then they would, and more importantly, should, get scant sympathy from me...

the infowarrior

94 posted on 03/10/2009 3:18:03 PM PDT by infowarrior
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To: Recovering_Democrat
LOL. Never thought of that. Those 3,000,000 will be federal employees (who swear an oath of fealty to Obama, personally), probably (definitely).

Edited to reflect the more likely reality...

the infowarrior

95 posted on 03/10/2009 3:28:49 PM PDT by infowarrior
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To: wmfights
...change the long term perspective of business. It's not hard to see higher taxes, more regulation, less control in hiring and firing all of which adds up to capital sitting on the sidelines.

You're view of a 'change' worthy of repair hits the nail on the head. Jack Welch gave a great presentation about 20 years ago, on the "long term perspective of business", that CEOs were responsible for the strategies of an organization while tactics were the job of management. He clarified that concept this week, pointing out that the perceived 'quarterly' perspective of CEOs is responsible for many of the convoluted problems we now are witnessing! It's my 'hope' the repair comes sooner than later. Some key Obama phrases yesterday helped prop the market: 'magic', 'help small business', etc. And Larry Summer clearly came out as 'pro-growth', not anti-capitalist! Our one 'hope' remains that the federal gov't rein in its wishes to something more affordable, not the current strategy killers, in the long run.

96 posted on 03/14/2009 6:09:08 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: mefistofelerevised
Hope he doesn't get us killed

Hope is sometimes a good thing!

97 posted on 03/14/2009 6:11:10 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Go Gordon
How many companies do you think still offer pensions?

Not many 'still offer' defined benefit plans. However, many if not most people retiring today worked for years under 'defined benefit' pension plans and are still reaping those sums either in lump-sums or monthly checks or both.

98 posted on 03/14/2009 6:17:07 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: CRBDeuce
He clarified that concept this week, pointing out that the perceived 'quarterly' perspective of CEOs is responsible for many of the convoluted problems we now are witnessing!

You make a good point. The only way this change happens is if compensation is not based on quarterly earnings. Probably the best solution is to develop mgmt from inside the co. and stay away from ivy league MBA's.

BTW, we were actually making different points. I think any long view of business now is negative because all they see is bigger govt, more regulation, and higher taxes.

Some key Obama phrases yesterday helped prop the market: 'magic', 'help small business', etc. And Larry Summer clearly came out as 'pro-growth', not anti-capitalist!

Also retail sales not declining as much as was anticipated. I don't believe the admn for a second. If they wanted a thriving free mkt why promote forced unionization, higher taxes, and more regulation?

99 posted on 03/14/2009 9:32:36 AM PDT by wmfights (If you want change support SenateConservatives.com)
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