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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: Frantzie

Except that you cannot buy your way into farming now and make it pencil out. Hedge fund clowns like Rogers have bid up the price of farmland to unsustainable levels, even for the prices of commodities farmers are enjoying now.

The only way to get into farming now and make it pencil without subsidies is to marry it or inherit it.

And I’m saying this as a guy who did buy a farm for cash in 1998 and made it pencil in 2005, 6 and 7.

When we moved to Wyoming, I could not believe what people were asking for ag land in most of the state. You could not make a farming or ranching operation pencil out unless you were growing dope or you had magic cattle that crapped gold nuggets. I saw such absolutely nonsensical prices like $4+ mil for a “ranch” that would run about 100 cows, $2 mil for a farm that had about 400 acres in dryland grains.

Utterly absurd prices, completely at variance with the economics of farming.


441 posted on 10/24/2010 11:09:38 PM PDT by NVDave
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To: esoxmagnum
My folks used to tell me about Olieole or something like that

It's Oleo. My mom used to call margarine Oleo when I was a kid. We had seven kids in the family, so I never had real butter until I was in my early twenties. One taste, and I never went back.

My wife will cook with margarine, but she knows better than to serve it to me. No can eat that crap.

442 posted on 10/24/2010 11:09:42 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: My Favorite Headache

I know of a seasoned citizen, age 75, who still worries about the next pay check....there are many of us out there who will be working til death us do part.


443 posted on 10/24/2010 11:09:54 PM PDT by itssme
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To: My Favorite Headache

Yeah, 44% still like...sad.

Thanks for the compliment!


444 posted on 10/24/2010 11:10:54 PM PDT by GOPsterinMA (Support and vote for Sean Bielat (MA-4)! MA-4 is Barney Frank's district.)
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To: chilltherats

The average age of a 60 Minutes viewer is deceased.


445 posted on 10/24/2010 11:12:03 PM PDT by Hillarys Gate Cult
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To: driftdiver

Bubba didn’t say it. That little scumbag who was on Bubba’s staff or campaign or whatever and hung out with Carville and then was on a political talk show said it.....can’t think of his name at the moment.


446 posted on 10/24/2010 11:12:57 PM PDT by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: GGpaX4DumpedTea
“...people living on couches who worked in Silicon Valley...”

Their jobs were moved to India by the Elitist Leftists who run the Silicon Valley companies.

And yet, those over-educated morons all voted for The One, and even now, they still defend him.

447 posted on 10/24/2010 11:14:05 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Mr. K
WHEN did the democrap congress take over?

2006-

2007.

when did unemployment start going up? 2006

when did it skyrocket up? 2008. When did Obammy take office? 2008...

2009.

448 posted on 10/24/2010 11:16:39 PM PDT by wideminded
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To: OneWingedShark

Yep.

I’ve seen this throughout the 90’s as well. We “gun nuts” were responsible for giving the GOP control of Congress after the 1994 AW “ban” and Brady legislation, but the GOP didn’t do anything to undo those bills, and some in the GOP (eg, the supposed Republican Bloomberg) still have a fixation on “gun show loopholes” and other such twaddle.

The base of the GOP are seen by the leadership as “useful idiots.”

They have never sought to truly shrink the size of government. All they ever managed to do is talk about reducing the increase in the federal budget.


449 posted on 10/24/2010 11:16:44 PM PDT by NVDave
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To: SamAdams76

I understood exactly what you meant and agree with you.

People who are overly educated for a job or are under educated for a job are always looking for a fight, have a grievance or just don’t want to do the job. They’re like a pair of ill-fitting shoes - one too tight, one too loose. There’s always an ‘attitude.’


450 posted on 10/24/2010 11:17:47 PM PDT by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: Rutles4Ever

You do know that the market has been going higher and higher while every month there are significant withdrawals from equity mutual funds, right?

If the government wanted to, they could engineer a market that goes higher at the same time they’re pulling retirement funds out of the market. I say this because it is happening right now - so clearly it is possible.

Confiscation of 401k’s and IRA’s should be the point at which the people decide that enough is enough and decide to take direct action instead of waiting for elections.


451 posted on 10/24/2010 11:19:33 PM PDT by NVDave
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To: Frantzie
Americans brought this on themselves by watching TV that is controlled by Dems/Libs/elites/Islamics. ALL of TV and ALL of Hollywood is s**t.

Frantzie, you have become little more than a troll on Free Republic with your incessant rants against television.

Freepers are some of the most well-informed people on the planet. We KNOW what a wasteland of liberal trash television has become. We DON'T need you haranguing us with that fact on every stinking thread.

If you want that message to do some good, then you need to put up your own website and start building an audience of people who NEED their awareness raised on that subject.

All you're doing here, is pissing off the community with your obsession.

452 posted on 10/24/2010 11:20:45 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: OrangeHoof

Sometines Sarah gets her words discomfabulated. ;)

It’s “repudiation” or else “refutation.” The mean somewhat the same thing.


453 posted on 10/24/2010 11:22:25 PM PDT by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: Frantzie
I tell people here every day that if we yank the plug and kill TV - we might get our country back.

Yes, and most of us are sick to death of your trollish obsession with TV. Enough already.

454 posted on 10/24/2010 11:25:45 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

For real.


455 posted on 10/24/2010 11:31:59 PM PDT by Jacktown
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To: married21

I doubt if the level of viewership will be much different than usual, seeing as how it’s Sunday.


456 posted on 10/24/2010 11:32:13 PM PDT by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: RegulatorCountry
Grossly overqualified employees have a well-earned reputation as trouble waiting to happen. After the initial gratitude wears off, they tend to become bored easily, are hypercritical of areas completely outside their current station and do not fit in with their peers, above and beyond the virtual certainty that they’ll bail at the first opportunity to return to their former careers and rate of compensation.

Perhaps. During a period of underemployment I worked in a warehouse. I hired as a temporary employee. My week as a temp ended three months later when I started my own business, but in the time there with approval of management, I made some minor changes in materials handling procedure for shipments received, integrating that unloading with backorder fulfillment, and a few other minor changes which facillitated stocking, resulting in the elimination of handling products multiple times from receiving to shipping. The changes helped eliminate a backlog in uncrating shipments, cleared a number of backorders, and generally improved morale as well.

Not every underemployed person is a problem, some are assets. I guess it depends on the individual.

For me, the low stress job which paid just enough to take care of my bills was a nice change of pace which bought me time, and my week as a temp ended up being a three month job, only ended by finally getting my own company off the ground in an unrelated field. I'm on good terms with the owners and the hired help as well to this day.

I think if you look for people who are humble yet bright, who strive to be good at whatever they are doing, you might find that the overqualified can be a bargain, not a liability.

457 posted on 10/24/2010 11:32:46 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: meyer

I agree. If they start touching 401k, things are going to get downright.....I’m not going to say it, but people will go over the edge.


458 posted on 10/24/2010 11:35:31 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: My Favorite Headache

60 minutes reporting something important that’s actually TRUE? Take me now, Lord!


459 posted on 10/24/2010 11:35:32 PM PDT by Just Lori
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To: Tolsti2

Employers will not hire college grads for lower paying jobs because they know they won’t stay if another opportunity comes along. Happened to me. So deny, deny, deny and leave the airs at home.


460 posted on 10/24/2010 11:40:01 PM PDT by Wu (Excuse me while I kiss the sky......)
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