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60 Minutes Just Blew The Lid Off The Unemployment Situation in the USA

Posted on 10/24/2010 4:41:44 PM PDT by My Favorite Headache

Airing right now...said the real unemployment is at 17.5%...showing tons of people with masters, bachelors, phd's, you name it...unemployed for 2 years...can't even get jobs at Target.


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Front Page News; Government; Miscellaneous; News/Current Events; Politics/Elections; US: California; US: Delaware; Your Opinion/Questions
KEYWORDS: cbs; christineodonnell; elections; fiorina; jobs; megwhitman; novemberelections; obama; palin; realunemployment; teaparty; unemployment; unexpected; vanity
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To: My Favorite Headache

bump for later


241 posted on 10/24/2010 6:45:01 PM PDT by goldfinch
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To: anniegetyourgun

Yes it will... we built it... we can fix it... it will take time but it will be done.

LLS


242 posted on 10/24/2010 6:45:17 PM PDT by LibLieSlayer (WOLVERINES!)
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To: CaliforniaCon
Wow! When I was in CA 2 years ago, I was amazed at how high the price of gas was. Then I found out that there was a ~10% tax on everything you buy.

Almost makes Massholechusetts look cheaper by comparison.

243 posted on 10/24/2010 6:46:08 PM PDT by GOPsterinMA (Support and vote for Sean Bielat (MA-4)! MA-4 is Barney Frank's district.)
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To: My Favorite Headache

Heck...I was only going to watch tonight’s 60 Minutes for their segment on “Top Gear”.


244 posted on 10/24/2010 6:46:46 PM PDT by hoagy62 (.)
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To: reasonisfaith
Also, what percentage of liberal voters would flee the democratic party if they were to realize Marxist revolution is the agenda.

85% of liberals are too stupid and/or self-absorbed to differentiate Marxism from the Marx Brothers.

245 posted on 10/24/2010 6:47:15 PM PDT by buccaneer81 (ECOMCON)
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To: yldstrk

To paraphrase your apparently tipsy reply: “woopty-do about your not needing a job, don’t act so proud of yourself because you haven’t found God.” How’s that cheap shot feel right back at you, big shot? You’re a lawyer according to your FR homepage. That makes you a piece of work. Sort of like a job, I suppose, just not quite as honest.

I am in no position to hire anyone at the present. That will change in the near future, barring anything unforseen. It is no longer my decision to make. I do as my employer requires, which is a circumstance I never envisioned myself being in ever again. Despite that, I am grateful.

And, lastly, if you saw anything but humble gratitude in my giving the credit to God for finding a job when there literally weren’t even burger-flipping jobs at the time, it says more about you than about me.

Are you done making a fool of yourself?


246 posted on 10/24/2010 6:47:44 PM PDT by RegulatorCountry
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To: My Favorite Headache

This is for Hillary.


247 posted on 10/24/2010 6:47:56 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: My Favorite Headache

They are turning their backs on Obama.


248 posted on 10/24/2010 6:50:19 PM PDT by Anti-Bubba182
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To: Cyber Liberty
You do realize there are a lot of us on the left coast that haven’t seen your precious 60 Minutes program?

So...now you will watch it, or now you don't have to watch it?

249 posted on 10/24/2010 6:51:35 PM PDT by norton (also from the left coast)
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To: Diana in Wisconsin

Thanks........

The wooly worms this year are decked out and I mean all puffed up. There are acorns everywhere you step. Many people are commenting on it.

And it’s not yet even winter.

Meanwhile, the 0bamas are going to go whole hog in India. Maybe they’ll even have cow.

Oh, for the end of “Richard III”: “......my kingdom for a horse!”


250 posted on 10/24/2010 6:53:34 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: PugetSoundSoldier

1. Who bailed out Wall Street in the first place?

Bush. TARP was all Bush’s baby. Well, and that idiot Paulson’s too... Bush was ignorant enough to allow clowns like Paulson and Cox to wreck the markets to save the banks.

As for going after the banks now? The GOP leadership still doesn’t get it. They’re already talking behind the scenes about how to let the banks find a way out of being hoist on their own petards in this foreclosure charlie-foxtrot.

2. Yes, I have run my own business. Employed people too. Will be starting another one in a couple of years. Tax cuts won’t help unless there are customers. And customers for many businesses are in short supply. That’s why many small businesses aren’t taking on debt to expand, or spending on expansion: no customers. Or customers who don’t commit to long term spending.

Yes, the regulatory uncertainty (especially about Obamacare) as well as the tax regs is putting a huge amount of burden on small business. As I like to ‘splain to the pointy-head types: in a small business, they don’t have dedicated lawyers and CPA’s on the payroll to figure this stuff out. There’s the head of the business who does most all this stuff, and the more regulatory change forced down on them, the more they have to take time away from actual profit-pursuit to deal with the regulatory compliance.

But relieving regulations now won’t bring customers back to 2006 levels. Consumers need discretionary income and they don’t have that. We need a plan to increase household incomes in the US, and that has been missing over the last 10 years. That’s why the banks created more and more stupid loan products to allow people to buy things they could not afford: disposable income was stagnant since 2001 or so. The only way that the “Bush economy” happened was a radical increase in the private sector debt.

3. Ignored it? Ah, no. The GOP was a cheerleader for WTO admission for the PRC.

We don’t need to worry about tearing down China’s economy. Just respond to their currency manipulation (ie, their peg). The Congress could implement standards for food and consumable product safety that are quite obviously needed, and they could also grow a pair on the issue of Chinese product dumping.

I’d also recommend that all computers used in sensitive government offices and industries be required to be produced in the US. That’s another topic for another time, but I sense that the PRC is playing a very long game on the computer & consumer electronics issue that may result in some very ugly surprises down the road.

And as for your rose-colored glasses of “I know we can win.” No, you can’t. Not when there is a currency arb peg in place. Double the value of the yuan and then we might be able to win, but with a peg in place, there is no chance. Currency arb coupled with labor available below minimum wage will always beat whatever we can do.

4. Sure they can. No excuses. They can’t get a “all at once” repeal rammed through, but as Robert Byrd used to demonstrate, there’s more than one way to skin a cat. The Republicans don’t like doing any hard legislative work, but Obamacare could be taken apart piece by piece, in one piece of essential legislation after another. They can start by exempting some industries from OC’s requirements, or by pushing the start date into the future, etc.

5. The GOP wanted to implement “private savings accounts.” That wasn’t going to work then, and it won’t work now. Let’s face facts: Most people are friggin’ morons when it comes to the financial markets. Many of them are Harvard MBA’s, too. Or worse, Harvard economics majors. Look at what happened to Harvard’s endowment at the hands of Larry Summers.

This level of stupidity is what allowed the housing bubble to happen, and the dot-bomb bubble, and so on. Now especially, there is no way that the GOP’s ideas of running your own retirement are going to fly.

So what the GOP should do is radically increase the annual contribution limits to 401(k)’s and IRAs, and just talk about ONE thing for SS and Mediscare: means testing. Just say “There’s no need for the government to give Bill Gates and Warren Buffett a Social Security check.” Just that ONE thing - means testing - breaks the “entitlement” legal roadblock.... and after that, just like the income tax, they can start playing with the means testing limits.

The Democrats will howl like ruptured ducks even at this one little change.... but if they GOP persisted, they could play the DNC’s own game against them. Quit talking about revolutions in the system. Just try to implement one small change that puts the camel’s nose into the tent and make the one little change be the goal.

But the GOP won’t. They want to talk about huge, radical change. That won’t ever happen.


251 posted on 10/24/2010 6:53:58 PM PDT by NVDave
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To: Domandred
Retail and fast food that typically hire for minimum wage are not interested in hiring college degree holders with years of experience. Even if you tell them you’ll happily take the minimum wage.

Written by a B-school prof who wanted to observe first hand an industry in which he was interested. Needless to say, he forgot to show the hiring managers his resume.

252 posted on 10/24/2010 6:54:52 PM PDT by cynwoody
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To: GOPsterinMA

I just paid $5.50 for a pound of butter...local grocer.
Single oranges at Walmart: .89 each! Did not buy!


253 posted on 10/24/2010 6:54:57 PM PDT by WestwardHo (Whom the god would destroy, they first drive mad.)
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To: Diana in Wisconsin

I’ve been feeling like King Lear ever since the day Obama was sworn in as President.


254 posted on 10/24/2010 6:55:00 PM PDT by Palladin ("Congress--YOU'RE FIRED!!!")
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To: norton

I’ll watch that one segment, with popcorn...


255 posted on 10/24/2010 6:56:51 PM PDT by null and void (We are now in day 641 of our national holiday from reality. - 0bama really isn't one of US.)
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To: My Favorite Headache

Who produced this segment?


256 posted on 10/24/2010 6:57:14 PM PDT by Chunga (The Democratic Party Is A Criminal Enterprise)
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To: WestwardHo

What? Go to Aldi’s— Butter is $2 a pound there.


257 posted on 10/24/2010 6:58:05 PM PDT by Palladin ("Congress--YOU'RE FIRED!!!")
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To: My Favorite Headache

Anyone that believes the figures that Zero & his gubment are putting out there, is really naive!


258 posted on 10/24/2010 6:59:01 PM PDT by blondee123 (Illinois ELECT Adam Kinzinger - http://www.electadam.com/( rid US of marxism!))
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To: Gator113

I was put out with 4 other people of various ages. As I am pretty well set, I’m helping a couple of them find computer programming work that I can do.


259 posted on 10/24/2010 6:59:51 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15.)
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To: RegulatorCountry

Yes, but my house is paid for and I’d prefer to stay here.


260 posted on 10/24/2010 7:01:20 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15.)
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