Stimulus jobs overstated by thousands

WASHINGTON (AP) -- The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher.

Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended.

Pez wrote:Are you talking about the large growth in worker productivity?

Pez wrote:Or the 9.4% increase in existing home sales?

Pez wrote:Or are you being sarcastic?

LTRT wrote:

Pez wrote:Are you talking about the large growth in worker productivity?

Due to the workers having to put out more due to less workers on the job and fearing if they don't they'll be next out the door.

Pez wrote:Or the 9.4% increase in existing home sales?

Due to the gov't's $8000 (1st time) & $6500 (current owner) credits.

Pez wrote:Or are you being sarcastic?

Serious as a heart attack, this administration's actions are nothing but a power grab and a sham on the taxpayers.

Pez wrote:Of course it's due to the gvts $8000 and $6500 credits, paid for by the stimulus dollars... you are faulting the stimulus for stimulating home sales? I thought that was what it was supposed to do.

floridafun wrote:if our morman friend had been elected and things were as they are now..same action on economy, banks, auto industry taken in past 9 months..we would be witnessing lrtr bragging about what a great job his man mitt was doing...its all about face and party designation.

LTRT wrote:
Come on now, we're not kids here.

They just extended the credits even longer to continue the sales, but they will eventually end soon. Then we'll see the real numbers, they're going to fall off the cliff, just like car sales.

Pez wrote:I'm just trying to figure out your poistion... if he hadnt issued and extended the home buyers credit, it would be fault for home sales tanking, then he spends the money to stimulate home sales, and it, frankly, works (9%+) and this is wrong how? I guess what should have Obama done?

LTRT wrote:

Pez wrote:I'm just trying to figure out your poistion... if he hadnt issued and extended the home buyers credit, it would be fault for home sales tanking, then he spends the money to stimulate home sales, and it, frankly, works (9%+) and this is wrong how? I guess what should have Obama done?

A reference to Barney Frank? Now there's one I'd start with.

Pez wrote:oh... and in your sig: '7 Months After Stimulus 49 of 50 States Have Lost Jobs'... are you checking puerto rico and guam... they have prolly lost jobs also... and Obama seems it as 49 out of 57 states, which is a much better percentage.

Pez wrote:The kinds of increases in productivity are an indicator of future job growth... I'm not making this up... the levels of worker productity reported today are not sustainable, and will eeventually result in job growth...

floridafun wrote:it seems every talk i have heard from obama he is very clear on it took time to get this way and it will take time to improve. many will hurt financially, we need to work together and understand there is no overnite cure, it will take time. guess it was the koolaid.

WASHINGTON (AP) -- Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.

"With such a slow rebound, unemployment could well stay high for several years to come," Yellen said. "In other words, our recovery is likely to feel like something well short of good times."

Yellen envisions the shape of the recovery kind of like an "L" with a gradual upward tilt of the base.

Lockhart said "very slow net job gains" may occur "sometime next year."

Cincy Fan 44 wrote:I wonder if Michael Moore will do a movie called "Fahrenheit: Stimulus Package"???