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Economic Nightmare In Obamerica
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Nomen Nescio
Feb 6, 2012, 1:15:40 PM2/6/12
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Economic Nightmare In Obamerica
How's that hopey-changey thing working out for you?
Going forward unemployment is not likely to fall much further and could rise again.
Job growth in the range of 130,000 should be expected to barely accommodate labor force growth but not much lower the unemployment rate. That is hardly a pace that will restore economic health, or validate Obozo’s heavy intervention in the economy and industrial policies in the upcoming Presidential campaign.
The unemployment rate would be higher but for the fact that many adults have quit looking for work altogether, and the adult labor force participation rate remains depressed. In January, working age adults not participating in the labor force—those neither employed nor looking for work—increased by 88,000.
Falling home prices translate into lower assessments and property values with considerable lag in most communities. In 2012, the housing recession will significantly reduce local tax receipts and employment. Coupled with federal budget cutbacks, government employment should fall by about 20,000 a month through the end of 2012.
Factoring in those discouraged adults and others working part time for lack of full time opportunities, the unemployment rate is about 15.1 percent. Adding college graduates in low skill positions, like counterwork at Starbucks, and the unemployment rate is closer to 20 percent.
http://www.cnbc.com/id/46251937
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Bad News For America Is Bad News For Obozo
How's that hopey-changey thing working out for you?
Going forward unemployment is not likely to fall much further and could rise again.
Job growth in the range of 130,000 should be expected to barely accommodate labor force growth but not much lower the unemployment rate. That is hardly a pace that will restore economic health, or validate Obozo’s heavy intervention in the economy and industrial policies in the upcoming Presidential campaign.
The unemployment rate would be higher but for the fact that many adults have quit looking for work altogether, and the adult labor force participation rate remains depressed. In January, working age adults not participating in the labor force—those neither employed nor looking for work—increased by 88,000.
Falling home prices translate into lower assessments and property values with considerable lag in most communities. In 2012, the housing recession will significantly reduce local tax receipts and employment. Coupled with federal budget cutbacks, government employment should fall by about 20,000 a month through the end of 2012.
Factoring in those discouraged adults and others working part time for lack of full time opportunities, the unemployment rate is about 15.1 percent. Adding college graduates in low skill positions, like counterwork at Starbucks, and the unemployment rate is closer to 20 percent.
http://www.cnbc.com/id/46251937
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Bad News For America Is Bad News For Obozo
Kulin Remailer
Feb 6, 2012, 1:19:53 PM2/6/12
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Ray Fischer
Feb 6, 2012, 1:54:32 PM2/6/12
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Kulin Remailer <rema...@reece.net.au> wrote:
>Economic Nightmare In Obamerica
>
>How's that hopey-changey thing working out for you?
>
>Going forward unemployment is not likely to fall much further and could rise again.
Rightards hate America and are outraged when anything good happens.
>Economic Nightmare In Obamerica
>
>How's that hopey-changey thing working out for you?
>
>Going forward unemployment is not likely to fall much further and could rise again.
That's why they refuse to accept good news and fabricate bad news.
--
Ray Fischer | None are more hopelessly enslaved than those who falsely believe they are free.
rfis...@sonic.net | Goethe
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