Comments on: Unemployment to stay above 10 percent in 2010

By: Edore

Edore — Wed, 09 Dec 2009 11:21:42 +0000

Since hundreds of thousands of jobs are lost in the US as well as jobs that have gone oversees, I would hope that we would concentrate on creating less humans. Less people equals more jobs. The decrease in population in the US will benefit all of us. I’m one of those long term unemployed, and I’m feeling really frustrated. In addition to the advantage of more jobs, lowering population also has the plus side of being a lot more sustainable for the environment.

By: sideefx

sideefx — Tue, 08 Dec 2009 15:08:31 +0000

10% is the U3 figure. Government cooks up publicly released unemployment numbers to make it seem like there is nothing to worry about. When we look at the U6 figures, they paint a much uglier picture….those numbers are more like 22% unemployment.

Don’t believe me, check for yourself.

By: Gotthardbahn

Gotthardbahn — Fri, 04 Dec 2009 17:22:17 +0000

Your points about Mr. Clinton are well-taken. After the failure of Hilarycare and the success of the GOP in the 1994 mid-terms, Mr. Clinton understood the message from the voters and tacked away from the hard-left (where most of his advisors were) to the centre-right. The result in the late 90′s speaks for itself. I’m not an admirer of Bill Clinton but he deserves credit for the late-decade boom under his watch. Will Mr. Obama do the same? Frankly, unless he is willing to tell the ivory-tower academics and union bosses – all of whom have his attention these days – to shove off, I would doubt it. The voters may have to rebuke Mr. Obama next November.

By: Anubis

Anubis — Thu, 03 Dec 2009 21:43:45 +0000

WW I bankrupted the economies of the world. Unemployment, inflation, poor working conditions and starvation lead to protests and revolt in the streets of the United States and Europe. The terrible living conditions endured by the people of Europe led to the rise of Mussolini, Franco and Hitler. The Czar was deposed and his family subsequently murdered. Banks collapsed.Then as now leaders around the world were not concerned about the costs of war. I am sure some one has already coined the term “Oil Wars” to describe this age we live in. We do not have to repeat the same mistakes.

By: Gastone Ciucci Neri

Gastone Ciucci Neri — Thu, 03 Dec 2009 21:26:24 +0000

Following a Keynesian approach the US administration during 2009 has focused on restoring consumer spending. They tried to achieve this with a massive injection of liquidity in the banks financial system , with a FED financing of mortgages through the quantitative easing policy , a near-zero interest rates and with various consumption incentives such cash for clunkers and a massive investment in infrastructuresThis has lead to a budget deficit of nearly than 10 per cent of the GDP.In the future a deficit of this size will impede the US to preserve his AAA S&P debts rating. Losing his AAA rating will jeopardize the capability of the US to finance his budget through the sale of US Treasury debts.To avoid this happening the Obama administration can not only rely upon the devaluation of the dollar to promote greater exports.Eventually it will be forced to increase the taxation of the middle class. This will help to rein the budget but at the same time it will put a lid on the US growth for the foreseeable future.