Experts see rebounding economy shedding jobs

[tonysam]

Forget a jobless recovery. The economy may be entering a recovery with job losses.

Third-quarter estimates this week are expected to show that the economy grew for the first time since the quarter ending in June 2008. Despite the estimated 3 percent expansion and a stock market that has been on a tear since March, hundreds of thousands of people are still being laid off each month.

Eight million jobs have been lost nationwide since the recession began two years ago, and by some measures workers face the worst job market since the Depression. The average laid-off worker has been without a job for 61/2 months, a post-World War II record. Many of those workers will never recover financially.


More



Orwellians run our news organizations and our economic teams. There can't be any "rebounding" or "recovery" if few jobs are to be had.

Nobody in our federal government seems to have a clue what to do about it. Or, if they do, have the political will to do something about it.

[AllentownJake]

1. Ha ha ha ha

These fucking assholes will try to sell anything. A jobless recovery :rofl:

[tonysam]

3. I wish I could have a sense of humor about it,

but like millions of people, I am jobless and have absolutely no hope of ever working again.

Seven years before the job market is like it was? By that time, I will be collecting Social Security, if it still exists.

[AllentownJake]

7. Oh I'm out of work too

I'm flaming irate. I'm 30 with a small amount of debt to pay off and no income besides my unemployment which will eventually expire. I stopped paying the one bank because they won't negotiate terms.

My government and my leaders have betrayed me. The only solace I get is laughing at their orewellian press releases and calling them names.

[Better Today]

28. I was going to really ream you, till I read this. I'm 49 and facing the same with even less hope

of ever having income again.

It's been really hitting me this week as I make plans to default on my mortgage, trying to decide how much of the credit card loan I should keep for future living and how much to spend on mortgage and property taxes, it's so distressing I just want to put a bullet into my head. It's not like me being anywhere on the planet is sucha good thing as to work toward it anymore. Nearly 50 years of following rules, doing my best, honoring my commitments, to what end????

ARG!

[dixiegrrrrl]

30. your mortgage may be foreclosure proof

Before you default on your mortgage, please read these 2 articles.

and below that is a link to a site that has attorneys willing to help if the information fits your mortgage.

Pls. read.

The Mortgage Machine Backfires

http://www.nytimes.com/2009/09/27/business/27gret.html?adxnnl=1&adxnnlx=1256500924-Z9x6Ka62u4XGlazlmer8pw

If Lenders Say ‘The Dog Ate Your Mortgage’
http://www.nytimes.com/2009/10/25/business/economy/25gret.html

http://foreclosuredefensenationwide.com/

It is time to fight illegal foreclosures.

I hope this works for you.:hi:

[endless october]

22. there is no "jobless recovery." n/t

[CoffeeCat]

29. No kidding...the lies are laughable...

I could understand a "jobless recovery"...when growth starts and then jobs
are added later. The problem with this theory is that we are LOSING jobs,
which means that businesses are still not doing well.

The economy continues to hemorrhage hundreds of thousands of jobs
each month.

So *something* is off with the reporting. If this truly was a jobless
recovery, with employment being a lagging indicator--why are we STILL
losing jobs?

If this was a recovery--wouldn't job losses/creation be flat-lined
by now?

[marmar]

2. Which just proves "recovery" is a chimera......

GDP needs to be destroyed as a measure of economic health.

[madokie]

4. Experts see, experts say

some say, unidentified sources in the white house says, all of it is bullshit

[AllentownJake]

8. HOPE, HOPE, HOPE

:rofl:

[madokie]

11. Yup, yup, yup

:-)

[SammyWinstonJack]

16. Change Change Change. Chump Change, that is.

:silly:

[lonestarnot]

15. Are we going to make a bonfire outta that bullshit?

:evilgrin: :hug: :hi:

[Nikki Stone1]

5. K & R

This isn't a recovery. It's a restocking of the Wall Street casino.

[varelse]

24. Precisely

with our money.

[riverdeep]

6. Because the entire world view is from those at the top.

For them, it IS a recovery, their portfolios will recover, and that's what matters. The news isn't told from the point of view of someone barely hanging on, those people are 'unfortunate casualties', but progress must go on and all that.

[MadHound]

9. And despite the "experts" pontifications,

There will be no recovery without jobs. We are a consumer based economy. If there are no jobs, there is no consumption, and ultimately no recovery. Sure the numbers might rise, temporarily, but they will ultimately sink again without the consumption that is needed to make our economy go.

The question now is whether the powers that be are whistling past the graveyard, hoping to talk the economy up, or whether they are engaged in a deliberate ploy, trying to get more suckers into the markets, be they financial, real estate, commodities, etc.

Frankly I think that this is the great fall, because there are fewer and fewer decently paid jobs, and that lack, which has been building for decades now, is now starting to show and the entire house of cards is starting to fall. We were told for years and decades that you can have a successful economy, a successful society based on the service industry. It simply can't work, and now I think that we're paying the price, one which is going to get steeper the further down the road we get.

Ultimately what we have to do is start bringing back well paying manufacturing jobs back to this country. Unless that happens, we will fail both as an economic force and as a country.

[tonysam]

10. We do, but how is our government

going to help make that happen when so many of our elected officials are in the tank for those interests who like the current situation?

[MadHound]

13. Full and complete public financing of our elections

Take corporate money out of the government equation. Do that and all the sudden government will be forced to listen to the people.

Of course the deck is drastically stacked against that ever happening. While twenty three states allow such issues to be brought up via initiative petition, twenty seven don't. On a national level it would probably take a Constitutional amendment, and do you think that will actually pass?

We are in quite a conundrum in this regards, and frankly I think that there only two ways out. I revolution where the people get fed up enough to take back the government, or a complete collapse and we rebuild from the ashes. Either way it is going to be ugly.

[tyne]

14. Our economy over

the past decade has been fake.

A strong and stable economy....a real economy, will take time to build.

It's the peoples responsiblity to erect a strong and stable economy. Sitting there saying "I'm done" will not get it done.

[MadHound]

17. How do you propose that we the people rebuild this economy?

Especially when the game is so very much stacked in favor of the "masters of the universe"? Start a bunch of small businesses? With credit this tight? How do we the people get a manufacturing base back in this country while corporations continue to outsource it?

We are facing an implacable foe, corporate America. They own the means, they own the economy, they own the government. The only way that we the people can get this all back is, at this point, a revolution. Are you in?

[HughBeaumont]

23. Especially in an economic environment that discourages entrepreneurship and buoys Big Business.

We need a hostile worker takeover. Invade boardrooms and gated communities. Tell these people WE MEAN BUSINESS. Tell these people they'd be nothing without us.

The PTB better not be steering this economy towards 30-40% unemployment. They're idiots, but I would hope they aren't nuts. How does the old lyric go? "There's nothing more dangerous than a man with nothing to lose". Multiply that by millions.

[lunatica]

12. Maybe the Little Dutch Boys in Congress are propping the Dikes up just long enough

to get re-elected. You know, job security. Good health plans. Great pay, and greater lobbying perks.

[roamer65]

18. There is no recovery. This will be a double-dip depression known as the Second Great Depression.

People thought the same in 1930, when there was a slight uptick then whammo.

At least in the GD, we had a manufacturing base to spark an eventual recovery. Now we have none.

[tonysam]

19. Time to kick this latest outrage n/t

[Fumesucker]

20. Not a "jobless" recovery but a "jobloss" recovery..

I for one welcome our new orwellian overlords.



I CAN HAZ DOUGHNUT NAOW?

[jwirr]

21. The only fear we have is fear itself. FDR They may think that by

telling us that things are better they can eliminate the fear that keeps us from spending. What they do not understand is that we do not have the money to spend. And the more jobs they cut the more that is true.

Wall Street is full of people who do not have an inkling of how the rest of us are doing. Until they begin to understand main street they will not be able to fix their own problems even if they can hide them under false stats.

[tonysam]

25. I believe this. They feel they HAVE to talk recovery

in order for it to be a "self-fulfilling prophecy." It's much harder to do what is necessary to fix the structural problems with our economy, some thirty years' worth.

[Odin2005]

26. It's a defnition thing.

Economic growth is technically defined as GDP growth, and so "jobless recovery", which although it makes sense in the world of academia where you need strict definitions of terms, is an obvious oxymoron, and can be downright manipulative, for most people who don't use such strict definitions in their daily lives.

[tonysam]

27. Kick n/t

[starroute]

31. We haven't *ever* had a viable economy since the Great Depression

The New Deal helped some, but nothing really ended the Depression until World War II. Then after the war, the nation started sliding back into recession -- which scared the hell out of them. ("Them" being whoever it is that makes these decisions.)

They responded with two solutions. One was the Cold War/National Security State, which kept the level of defense spending high. The other was a consumer economy based on planned obsolescence and an endless supply of shiny toys to keep demand unnaturally inflated.

If we cut out all the unneeded crap, the environment would be a lot better off, but we'd have to face what some people were already recognizing in the 1930's -- that a technological society no longer needs everybody to work in order to supply its basic needs.

Once you acknowledge that, the problem shifts from how to provide jobs for everyone to how to provide the essentials of life for everyone. And that is a very different question.

Unfortunately, the people running things are terrified by the idea of a society which is no longer based on jobs, because it would deprive them of one of their fundamental methods of social control. As a result, we've been fed a steady stream of propaganda, most of which amounts to a claim that only lazy people don't want jobs, so they should be punished by being kept poor and deprived until they give in and find gainful employment. Or, as a subvariant, that most people are naturally lazy, so if we let anyone get away without working everyone else will want to join them and society will collapse.

Rather than worrying how to get the jobs back -- which ain't gonna happen and would wreck the planet if it did -- we should be thinking about how best to provide the basics of food, shelter, medical care, and education to everyone, without exception. And beyond that, what to do with ourselves now that most of us no longer need to toil day in and day out just to survive.

[Taitertots]

32. The definition of insanity

We are having a recovery that causes more job losses. We gave a several trillion dollars to bankers and our recovery from the depression they caused is going to more people to lose their jobs.

But, but, but the stock market is up 3%.