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Reich: Crumbling Labor Market Pulling US Back Into Recession(rips census worker gimmick)
Money News ^ | 06/04/10 | Frank McGuire

Posted on 06/04/2010 11:07:14 PM PDT by TigerLikesRooster

Reich: Crumbling Labor Market Pulling US Back Into Recession

Friday, 04 Jun 2010 04:10 PM

By: Frank McGuire

Economist Robert Reich said the United States is sliding into a double-dip recession because the labor market continues to deteriorate.

“The private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth,” he wrote on his website.

The average length of unemployment continues to increase, rising to 34.4 weeks, up from 33 weeks in April.

/snip

“The only reason the economy isn't in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can't continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and appliances, and businesses had to replace worn-down inventories),” he wrote.

“Oh, and, yes, all those Census workers (who will be out on their ears in a month or so).”

(Excerpt) Read more at moneynews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: doubedip; robertreich; unemployment
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To: TigerLikesRooster

When did this midget get a clue. The sicophants are starting to eat their own.


41 posted on 06/05/2010 4:21:08 AM PDT by VTenigma
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To: TigerLikesRooster

It doesn’t take a Pint-Sized PhD to recognize that this country is being led down the path to ruin, and your liberalism, Dr. Reich, helped make it so. So get with BOZ and STOP IT!


42 posted on 06/05/2010 4:24:11 AM PDT by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: TigerLikesRooster

Reich is a true loony-toony, but I like listening to him. He is a dye-in-the-wool democrat.


43 posted on 06/05/2010 4:38:41 AM PDT by rawhide
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To: TigerLikesRooster

reich voted for obozo.


44 posted on 06/05/2010 6:12:46 AM PDT by ken21 (i am not voting for a rino-progressive.)
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To: ken21
It was a forced choice because the Beast was knocked out in the primary. As some in this thread said, he wants to vote for the candidate he wants next time: good’ole Hildebeast.
45 posted on 06/05/2010 6:27:39 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Maybe...just maybe...someday we’ll have a 21st century Congress that understands its priority to create and foster an environment where job creation and business growth is seen as an asset to the country...instead of a liability to the accumulation and aggregation of Federal Power.


46 posted on 06/05/2010 6:31:24 AM PDT by mo
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To: TigerLikesRooster

Patient: But Dr. Reich, that medicine you gave me is making me worse.

Dr. Reich: Well, in that case you better double the dose.


47 posted on 06/05/2010 8:22:32 AM PDT by catnipman (Cat Nipman: Made from the Right Stuff!)
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To: torchthemummy
It seems clear to me that the Clinton machine is starting to make their move.

Don't forget James Carvell's screaming tirade against Obama last week.

48 posted on 06/05/2010 8:36:36 AM PDT by catnipman (Cat Nipman: Made from the Right Stuff!)
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To: Natural Born 54
I can’t think of more than a couple of people who would even listen to any “survival” ideas.

Corny but true: "Denial is not just a river in Africa."

49 posted on 06/05/2010 8:58:22 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Oatka

Yep. It actually wouldn’t surprise me too much if the unwilling recipients of my pearls of financial wisdom were to break out in a chorus of “La, la, la, la ...” just to make sure no inkling of reality reached them.


50 posted on 06/05/2010 1:36:58 PM PDT by Natural Born 54 (FUBO x 10)
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To: EBH

I love that magazine. For years we have periodically purchased their anthologies - paperbacks plus CDs. They are quite a resource for good times and bad. You reminded me that it is time to catch up and buy the last 4 years worth. Thanks.


51 posted on 06/05/2010 1:40:48 PM PDT by Natural Born 54 (FUBO x 10)
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To: Lancey Howard; EBH

Thank you both very much for your comments and suggestions; I really appreciate them!

God bless!!


52 posted on 06/05/2010 4:49:52 PM PDT by diamond6 (Pray the Rosary to defeat communism and Obamacare!!)
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