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RE: 10.4% Unemployment - 12/5/2009 9:09:22 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

Now the talk is turning to the FR increasing interests rates because the economy is "trending upwards."


Unlikely in the short run. It WILL have to happen, but not at the expense of a still lackluster recovery (and a jobless one still).

(in reply to tazzygirl)
Profile   Post #: 161
RE: 10.4% Unemployment - 12/5/2009 12:05:12 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		I was watching the business channel the other night with Maria Bartiromo and they were having a discussion with many business people at some business college and people were *finally* starting to acknowledge that we need to start manufacturing things in this country!!!
These are supposed to be educated people and they're just now getting around to this conclusion?
The *best thing* that President Obama can do *right now* to give this economy a boot in the ass is to get us O-U-T of NAFTA!

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to Musicmystery)
Profile   Post #: 162
RE: 10.4% Unemployment - 12/11/2009 12:18:11 PM   
Mercnbeth


Posts: 11766
Status: offline 		BOOM TIMES!

If you work for the government at least.

Average pay $30,000 over private sector. The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data. Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months and that's before overtime pay and bonuses are counted.

Federal workers are enjoying an extraordinary boom time - in pay and hiring - during a recession that has cost 7.3 million jobs in the private sector.

Blame? Both parties, Congress & and Executive Branches. I think the list of all the Obama accomplishments missed the fact that his authorized pay raise 2%, was the lowest since 1975. YEAH! Congrats to the President for holding back.

More troubling, were it a business, the Federal Government would be in worse shape than Goldman Sachs; yet I don't hear one peep about paying out Federal Government employee bonuses. The money being spent here, as with the bailed-out failures, also comes from tax money.

The cornerstone of keeping the incumbents in office is exhibited for display.



(in reply to popeye1250)
Profile   Post #: 163
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