Posted on 08/02/2013 6:07:04 AM PDT by Mad Dawgg
The U.S. economy added just 162,000 jobs in July, well below expectations and not nearly enough to alter the Federal Reserves plan to maintain its easy money policies for the foreseeable future.
The headline unemployment rate fell slightly to 7.4%, according to figures released Friday by the Labor Department, down from 7.6% in June. Economist had predicted an increase of 180,000 jobs and a 7.5% unemployment rate.
(Excerpt) Read more at foxbusiness.com ...
Actually, The decision was made by companies that decided to stay in business by ceasing to use US labor to manufacture products that were no longer profitable to make her.
While there is talk of jobs, labor is a commodity and within a given specification must be purchased at the lowest available rate
If it wasn't profitable products here, it's because we chose to make it profitable to ship jobs out of the country by buying the products made overseas.
Now what do we have? Sending money to China when we buy their products, and again when we pay back the money we borrowed to buy their products. Technology transfers to China. Unemployment benefits that must be paid and fewer tax paying citizens to pay for them. Our money funding foreign militaries while our military is being cut back. Money that could be helping our veterans that is instead helping the veterans of countries they protected us from.
And what did we get in return? $.25 off the price of a comb set.
Ugh, “If it wasn’t profitable products here” should be “If it wasn’t profitable to make products here”
How about January, 2007, when Americans voted for change and gave the Democrats control of Congress.
You overlook the fact that there are other people in the world that make stuff to sell as well and they are aggressive competitors.
Isolation breeds stagnation and ultimately death. ey rcovered
The reason we were so successful was that much of the world was literally destroyed. We did not lose our economy in WW II. Once they recovered they wanted to be us. They work hard to get stuff.
To exist we must compete. Our companies great and small know that and thrive on the competition all over the world.
I don’t believe a damned thing coming out of this government anymore.
First the GDP growth creative accounting, now this garbage.
I haven't over looked anything. I'm looking at the big picture. When you factor lost jobs, higher unemployment benefits, fewer tax payers, military cutbacks, deficits, ad nauseum, saving $.25 on a notebook doesn't sound like such a great deal.
Isolation breeds stagnation and ultimately death.
Judging from the evidence, it's so-called free trade that has caused it.
The reason we were so successful was that much of the world was literally destroyed. We did not lose our economy in WW II. Once they recovered they wanted to be us. They work hard to get stuff.
They wanted to be us, in that they wanted to produce. They do, so must we.
To exist we must compete. Our companies great and small know that and thrive on the competition all over the world.
To compete means to offer a better deal to your customers. Losing jobs, higher unemployment benefits, fewer tax payers, military cutbacks, deficits, ad nauseum, to save $1.00 on a pen and pencil set is not my idea of a better deal.
Red sweater equals inner party member. Zoom in on her soup bowl and you will see she has two extra cubes of tofu.
The bass-turd is doing what he said he would. No one except us is listening. Wonder of the 162k are private sector.
REAL unemployment is 14% (U6 unemployment)
Ah, hadn’t thought of that. In our new world order that will be the Presidency-for-Life Obama Administration, the red sweater would designate his apparatchik, with extra helpings of food.
The on ein the red is about to start doing the Harlem Shake
Not unless the bread and circuses cease.
The People get upset when their ATM fees goes up (and they can readily switch banks), but nary a peep is heard when the Fed. gov’t monopoly increases their taxes = less in pocket every paycheck.
Wrong. Not until we solve our bloated GOV’T problem: highest corp. tax rate in the world, reams of regulations/forms, hoards of gov’t departments (enforcers) [OSHA, EEOC, etc.], etc.
The money gets redeployed elsewhere. The money saved on the price difference between a $12 American serving spoon and a $2 Chinese serving spoon ends up going into an excessively large home mortgage payment on a house bigger than the buyer can properly afford - even with all the money he saved on the spoon.
American banksters get the money instead of American manufacturers. And you know what careful stewards they are of extra funds that come into their hands. /s
And there’s that old “cast your bread upon the water principle”. If you are ensuring your neighbor keeps a job, then his buying power ensures another neighbor does, and another by that one, etc.,etc., until eventually it loops back to your job.
When they came for my seamstress neighbor’s job I said nothing, because I was not a seamstress.
You know the quote. Eventually it gets to your job and no one left to join your protesting voice.
>>The problem belongs to both parties.
>>What geniuses sent millions of manufacturing jobs to Asia without any replacement opportunities?
You speak the real truth! Creating a “record high” stock market every week by shipping jobs out of America is not the answer. Than they tell us to get service jobs to make up for it...and then they bring in foreigners to do those.
It’s coming... festering boils of infection are becoming painful and debilitating and at some point ebt cards will no longer be accepted. A collapse will happen if the course is not changed.
I will check that out.
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