No jobs at any price...........

[Ponce]

Tap, tap, tap..........ok class? attention please, attention........one more time.......

"No Export = No Recovery"...Ponce.................................GET IT?

We can create here in the states only so many "Office jobs" and so many jobs for internal consumtion because the American people can only buy so much, and more now with our present financial situation.
================================================== ===========


http://www.nydailynews.com/opinions/...uis/index.html

Many readers have been contacting me with reminders that the most important story in America right now - the shockingly high level of long-term unemployment - is about far more than the latest statistics.

It's about people's lives.

"I was laid off in August of 2008. I am worried about the future. I am the mother of three children," writes Simone Perry, an audio/visual producer. "I have no problem working or seeking employment. Many times I have not even received a response to the resume I submit. I have gone on interviews, only to get disappointed."

She is not alone.

"My husband and I are fortunate to be able to move in with my 81-year-old mother-in-law. But how sad is that? I apply for jobs and nothing happens," writes Gayle Hanson. "Who wants to hire a 59-year-old woman? My answer is nobody. [i] have years of experience, excellent references. And nothing to show for it."

I get letters like that almost every day, and I assume a great many elected officials nationwide can say the same. The mystery is why so many lawmakers remain convinced that the government should do absolutely nothing to help fix the problem.

So-called fiscal hawks in Washington recently voted down a proposal to extend unemployment benefits for these folks and millions more like them - people seeking work and in need of a little help until they find it.

That's not just heartless, it's foolish. The current recession is not like any we've seen since World War II. An ocean of data refutes the myth that America's millions of jobless are maybe a touch lazy, and need the added incentive of losing their unemployment check - around $300 a week, on average - to persuade them to get back to work.

A comment by Sharron Angle, the Republican candidate trying to unseat Sen. Harry Reid in Nevada, is typical.

"They keep extending these unemployment benefits to the point where people are afraid to go out and get a job because the job doesn't pay as much as the unemployment benefit does," Angle said in a televised interview.

She's wrong on two counts. First, there's no clear evidence that what Angle says is true: economists are, at best, divided over whether receiving unemployment benefits causes people to delay their jobseeking.

Second, this downturn is a different animal than the ones we've seen before. "How the Great Recession Has Changed Life in America," a recent report by the Pew Research Center, notes that since World War II, the highest average level of unemployment was 12.3 weeks, a mark hit in 1982-83 during the Reagan administration.

But today's average unemployed worker has been jobless more than 23 weeks - twice the previous high, and by far the longest duration in the postwar period. Today, there are five people - and that's only counting the officially unemployed - for every one job opening.

And as Rich Morin, one of the study's co-authors told me, nobody knows whether we are living through a normal but unusually bad recession - or whether the economy is going through a fundamental restructuring that will prevent millions of jobs from ever reappearing at any pay level.


That chilling possibility is, for many, a daily reality.

"I am soon to be 57 and considered too old, too expensive, etc. I can't get an employer to hire me at any salary," writes Mike Stiller. "I am BOILING MAD."

James Glenn of Buffalo offers this: "What they don't seem to get is that the unemployed vote - and in November, a lot of career politicians will be out of a job as well."

Until recovery takes hold, the sane and sensible move by lawmakers in Washington would be to extend jobless benefits - right now - for millions of our neighbors who, through no fault of their own, are fast running out of money, hope and patience.

[EE_]

Those heartless uncaring miserable fu(ks
They are squeasing all the people that built and made this country great while supporting the blood sucking, on the government dole, non-producing of anything pieces of sh!t.
This is all planned to make the final power grab and throw the rest into permanant slavery.
Stay prepped, keep buying gold and be ready to die for something!

[Johnny Ringo]

You're right, Ponce. We don't make anything, and we have to buy almost everything from overseas. What do we offer in return, besides our lousy fiat and worthless Treasury bonds?

This topic could be expounded upon for weeks. There are just too many factors that came together to make this perfect storm to cover them all, so I'll offer a few.

First, the source is NY Daily News. There's lots of good people in NY, but it's infested with politicians and voters with a welfare-state mentality. So it's no surprise they don't see a problem with keeping the welfare faucets running. Where's the money for all these extended unemployment benefits going to come from? Well, they don't know, nor do they care. Just give it!

Also, the article asserts that people would rather work than collect UE benefits. Well, I remember seeing articles about small business owners having a hard time finding workers because the salary they'd pay is only slightly more than what people make from sitting on their ass collecting UE. They look at it as, "I'll be working for $2/hr - No thanks, I'll just sit home and watch Oprah instead." I also know some people personally that are looking for jobs because it's a condition for collecting UE, but hope to God that nobody ever offers them one.

Next, we Americans as a society have been conditioned to believe that we're too good to sweat and bleed while producing goods from raw materials. I remember hearing it from the time I was in high school, that the USA was achieveing its "goal" of becoming a service, "white collar" economy rather than a manufacturing economy. People were conditioned to tell their kids that they needed to be more than a "ditch-digger" or assembly-line robot. Jobs like that weren't "good enough" anymore.

So we got uppity and lazy (as a nation) over the years through cheap credit, while we convinced the rest of the world to make our shoes and soccer balls using child labor at a cost of about a nickel per hour. And we convinced ourselves that we could sustain an economy that consisted of you cutting my grass, while my wife does the neighbor's nails, and that neighbor sells the lawn guy some life insurance, etc, etc. And then the insurance company would invest that money in a rigged stock market on "derivatives" (whatever they are) and everybody gets rich.

Meanwhile, back to Ponce's point. Pick your villian on who chased all the manufacturing overseas, as that's a whole new week-long debate if you want it to be. But the bottom line is, we don't make anything anymore. I think we've even become an net importer of food.

Finally, and I feel I can say this because I'm over 50, but these people in the article lamenting about not being hireable really puzzle me. What, did they expect to work until they were 80? They didn't see a need to put anything away for their retirement? It's not like these people in the article were day laborers or something - they appear to be white-collar professionals that should have been able to sock a few bucks away every payday. What did they spend their money on during all those years that left them having to move in with parents or inlaws at nearly 60 years old?

But on the other hand, the bankers, politicians, and the media can be blamed for instilling the mindset that all these pension plans were viable, your 401(k) and IRAs would make you millionaires, that the economy was bulletproof, and that everybody had a "right-to-work." And the big-wigs got rich while they sold us all down the river.

Fortunately, some of us were smart enough to buy gold, silver, and land (and maybe some guns and ammo, too) along the way just in case the bastards were lying to us (which they were). But after they're through making serfs out of those folks in that news article, you can bet they'll be looking at us next....

[Phoenix]

Where's the money for all these extended unemployment benefits going to come from? Well, they don't know, nor do they care. Just give it!


How about from the Department of "Defense"? Or the banksters?

[Skirnir]

In 2009, the Federal deficit was about $1,4T. That is $1,4T that was diverted primarily toward wasteful, inefficient activity, and worse, crowded out the private sector from the capital markets. Additionally, there are myriads upon myriads of regulations which prevent much of anything, manufacturing included, from being viable in the United States.

Both of these foul any potential recovery according to the Austrian business cycle theory. In summary, in order for the economy to recover, prices must be able to fall and assets must be able to change hands in order to be used more efficiently to create wealth. Current monetary and fiscal policy are diametrically opposed to these, thus why the economy stays kaput. It does not help either that every industrial complex in the country has entrenched itself to the point of being a third rail.

As for what appears to be chest thumping about manufacturing, there is nothing sacred about it. Bastiat debunked these arguments a long time ago; I defer to him on this matter. That, and 'zero sum logic' is fallacious; the markets do not exist in a vacuum.

P.S. It is not that being a ditch-digger or something along those lines is 'not good enough', it plain sucks. Of course any parent would tell their kids to find something less menial.

[EE_]

Where's the money for all these extended unemployment benefits going to come from?

First of all, everyone pays into UI and very little of this had to be paid out through the good times. So the government spent the money, like SS monies, on their own interests. Now when it is needed, like SS, it's not there.
How does the government manage to find tax credits for for a select group of under water home owners where there was no fund set up for this. Same goes for bankers, auto manufacturers, Wall Street, etc.
How is the banking industry able to roll over commercial real estate and do without payments for 5 years or longer, as opposed to letting them fail? Their again, it is not to help anyone in trouble but to serve their own interests.
There is always enough money to serve their own interests.
Saying people should have put money away for a rainy day is easy, until you are the other end of things. Many with families are of limited resources or the capacity to earn enough to do so.

[jaybone]

We export death and dollars, doesn't that count?

I remember being laid off for two months in the late 90's.
I had a job to go back to, I just needed unemployment for the 8 weeks that I had no income.
They made me jump through so many hoops:
I had to prove that I had applied for at least 3 jobs every week, and they followed up on one out of the three to make sure.
I had to go to orientation seminars where they 'taught' job seeking strategies, they were useless, humiliating and time consuming.
I had to see a job counselor monthly; SHE gave me job leads that I was required to apply for.
I told them that I had a job to go back to in 2 months, so even if I got another job I would turn it down, but procedure is procedure.

Does any of this still go on?
From what I hear, you call the phone # and they send you a check.
One cannot be on the dole forever, at some point you have to do something to make it; people in Argentina used to sell off their belongings, or make nick knacks to sell at the mercado.

I wonder how much of the typical UI check goes to pay usury to those that created the problem via mortgages.
Instead of paying out infinite UI, how about suspending mortgage interest for a year or two.
Those of us not on the dole should then be able to pay principal and get out from under the boot a little sooner.

[Ponce]

And that's why I planned my future and followed all the way till I was retired twelve years ago at the age of 58..........have everything that I need for now and for the future.....one thing that helped me a lot was what I saw in Cuba and that was when I decided that only I could help myself.

[Twisted Titan]

My husband and I are fortunate to be able to move in with my 81-year-old mother-in-law. But how sad is that? I apply for jobs and nothing happens," writes Gayle Hanson. "Who wants to hire a 59-year-old woman? My answer is nobody. have years of experience, excellent references. And nothing to show for it."

That is what happens when Gubbermint interfers with the free market .........at talented person would have no problem selling their skill set but because of bueracratic red tape .....talented people are rebuffed because they may be a future liability

I get letters like that almost every day, and I assume a great many elected officials nationwide can say the same. The mystery is why so many lawmakers remain convinced that the government should do absolutely nothing to help fix the problem.

Because Gubbermint creates the problem in the first place............ see comment above.

[Twisted Titan]

The added incentive of losing their unemployment check - around $300 a week, on average - to persuade them to get back to work.

"They keep extending these unemployment benefits to the point where people are afraid to go out and get a job because the job doesn't pay as much as the unemployment benefit does"


Thank God there are no businesses sucking down sweetheart deals like that where payout wouldnt be 300 bucks but over 300 million a pop.......

T

[Twisted Titan]

James Glenn of Buffalo offers this: "What they don't seem to get is that the unemployed vote - and in November, a lot of career politicians will be out of a job as well."


Vote as much as you like .........As Long as Im counting the votes


Boss Tweed

[Phoenix]

Both of these foul any potential recovery according to the Austrian [sic] business cycle theory.


Jewish economics isn't going to save us. It's what got us into this mess.

[dysgenic]

AIG gambled and (predictably) lost billions on high risk, ill conceived numerical abstractions and we bailed them out so that the big money got paid off. But FORCED unemployment insurance from the insurance company of the USA is different. Americans that paid into the system their whole lives are lazy for filing piss ass change 300/wk UI claims that will be lucky to feed and clothe them. Damn lazy, fat ass Americans.

dys