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Here's Why It's Different This Time(long-term unemployment skyrocketing)
Business Insider ^ | 02/21/10 | Henry Blodget

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 ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: doommonger; unemployment
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1 posted on 02/21/2010 8:25:51 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 02/21/2010 8:26:11 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

The Kenyan Islamo-Marxist. The public is so stupid - as long as they have their college ball games, unemployment check and some crack/meth.


3 posted on 02/21/2010 8:29:16 AM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: Frantzie
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.

4 posted on 02/21/2010 8:35:18 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: Frantzie
The public is so stupid -

November 4, 2008 used as the test date.

5 posted on 02/21/2010 8:41:34 AM PST by EGPWS (Trust in God, question everyone else)
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To: TigerLikesRooster

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.


6 posted on 02/21/2010 8:50:49 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: TigerLikesRooster

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.


7 posted on 02/21/2010 8:54:10 AM PST by kabar
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To: kabar

bill klinton brought in 50,000 pack and indian “engineers” in the ‘90’s. same thing happened. You’d not hear English anywhere...


8 posted on 02/21/2010 8:59:44 AM PST by Huebolt (Democrat = (national socialist) = NAZI)
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To: TigerLikesRooster
"Here's Why It's Different This Time(long-term unemployment skyrocketing) "

OK...if we're going to suffer "long-term unemployment, then I think the pResident and all those who joined him in causing this debacle should also enjoy long-term unemployment, and long term jail sentences.

Why should we lose our homes and standard of living so a wile-eyed, lying socialist can play out his fantasy agenda?

If we starve, then there is enough of us to make sure they starve right along with us...I mean, they are all about the redistribution of misery, so let's help them with it.
9 posted on 02/21/2010 9:24:28 AM PST by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: FrankR

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.


10 posted on 02/21/2010 10:20:47 AM PST by old curmudgeon
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To: TigerLikesRooster

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?


11 posted on 02/21/2010 10:26:47 AM PST by CowboyJay
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To: CowboyJay

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.


12 posted on 02/21/2010 10:51:21 AM PST by ProtectOurFreedom
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To: ProtectOurFreedom
In both the private sector and the parasite sector, you have the additional problem that most workers set their own quotas.

"Well, I did as much as I did last week, so I guess that's all I have to do."

13 posted on 02/21/2010 11:30:53 AM PST by HIDEK6
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To: old curmudgeon; Carry_Okie

>>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


14 posted on 02/21/2010 12:00:09 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: ProtectOurFreedom

“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.


15 posted on 02/21/2010 12:25:01 PM PST by CowboyJay
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To: LomanBill

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.


16 posted on 02/21/2010 1:30:15 PM PST by old curmudgeon
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To: old curmudgeon
[Actually the EPA should exist, but with only a few well defined powers and goals.]

There ya go. ALL governance should be constrained within the specified scope for American Governance: "TO SECURE THESE RIGHTS, governments are instituted among men".

Certainly the availability of clean air and water are requisite for the pursuit of happiness.

Preservation of all existing species? Not so much. Extinction happens and it's perfectly natural.

Gotta have priorities...


17 posted on 02/21/2010 3:17:33 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: FrankR
all those who joined him in causing this debacle should also enjoy long-term unemployment, and long term jail sentences.

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.

18 posted on 02/22/2010 6:04:48 AM PST by AndyJackson
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To: Frantzie

So you think most people who are unemployed actually LIKE it?


19 posted on 02/22/2010 9:05:39 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: TigerLikesRooster

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.


20 posted on 02/22/2010 3:27:45 PM PST by Freedom_Is_Not_Free (Depression Countdown: 43... 42... 41...)
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