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Tarquin
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That author is an idiot!!! “For example, we have totally altered the meaning of “unemployed.” Get this: You are not “officially” unemployed if you have stopped looking for work despite not finding any work. Meaning, if you are totally discouraged by this so-called “great economy,” then experts stop counting you. They ignore your existence when calculating the unemployment rate.” This a bold face lie told over and over again to sway the uneducated. The US has been calculating 6 different UE rates for over 30 years, and those who are totally discouraged ARE included, you just have to understand unemployment rates, and what they mean. https://www.macrotrends.net/1377/u6-unemployment-rate
Last edited by jetjockey; 02/01/24.
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Joined: Nov 2013
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Joined: Nov 2013
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For rich hassoles (and I count Cabinet-level apparatchiks as rich), every economy is good. Hell, I’m barely middle class and aside from the price of rum and ammo, everything is pretty rosy for us. Someone with kids, someone that has to keep medical insurance, buy gas to get to work, etc etc, is doubtless struggling and juggling money to stay warm and fed.
No able-bodied person should receive benefits when unemployed unless they’re actively looking for work. Giving up shouldn’t be an option. People used to pull up stakes and move to find work; even illegal aliens do that now. Bring back the CCC. Lots of schitt needs doing; trade those bennies for some shovel work.
Hope that’s not rashist…..
What fresh Hell is this?
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Sorry. No more big government programs please. Let's eliminate and reduce taxes instead.
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Joined: Jan 2012
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Campfire Ranger
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Joined: Jan 2012
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That author is an idiot!!! “For example, we have totally altered the meaning of “unemployed.” Get this: You are not “officially” unemployed if you have stopped looking for work despite not finding any work. Meaning, if you are totally discouraged by this so-called “great economy,” then experts stop counting you. They ignore your existence when calculating the unemployment rate.” This a bold face lie told over and over again to sway the uneducated. The US has been calculating 6 different UE rates for over 30 years, and those who are totally discouraged ARE included, you just have to understand unemployment rates, and what they mean. https://www.macrotrends.net/1377/u6-unemployment-rateYou paid by the post?
FJB & FJT
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Joined: Apr 2010
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No able-bodied person should receive benefits when unemployed unless they’re actively looking for work. Giving up shouldn’t be an option. People used to pull up stakes and move to find work; even illegal aliens do that now. Bring back the CCC. Lots of schitt needs doing; trade those bennies for some shovel work.
Hope that’s not rashist….. Couldn't agree more, And it may be another topic, but making prisons self sustaining would help in more ways than one.
Your life is made up of two dates and a dash, Make the most of the dash.
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Joined: Nov 2006
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That author is an idiot!!! “For example, we have totally altered the meaning of “unemployed.” Get this: You are not “officially” unemployed if you have stopped looking for work despite not finding any work. Meaning, if you are totally discouraged by this so-called “great economy,” then experts stop counting you. They ignore your existence when calculating the unemployment rate.” This a bold face lie told over and over again to sway the uneducated. The US has been calculating 6 different UE rates for over 30 years, and those who are totally discouraged ARE included, you just have to understand unemployment rates, and what they mean. https://www.macrotrends.net/1377/u6-unemployment-rateYou paid by the post? Nope. But In fully aware until I just made that post, you had no idea the US actually has 6 unemployment rates, with U3 being the standard. The author obviously doesn’t know that. Hell, most Americans done even know what a marginal or effective tax rate is.
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Joined: Jan 2014
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Good economy my azz! 79, worked hard since Jr high, saved, invested, own a house in town, a small farm,three older vehicles all free and clear. Fixed income. Semi invalid wife, though improving.
A trip to the store that cost $100 two years ago is now $200. A 13 pack of soda that was $3.99 or $.4.99 is now $8.99.
Burger now $8 or more. Packages are the same size but hold less.
Gas way higher than two-three years ago.
Property taxes are more than any mortgage I ever had.
We get by but sure aren't living as well as four years ago.
Without good insurance, we'd be bankrupt. Not Obozocare, either.
How the neck the demented one can claim anything good has come from his reign is beyond me.
What emergency will Ziden and my bloated governor, the billionaire Prickster, pull off next?
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Joined: Feb 2001
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[quote=jetjockey]That author is an idiot!!! Speaking of idiots.... You ignore the entire gist of the article to focus on this one thing?
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Sorry Raeford...referring to Jetkockey
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From my experience working for 20 years in unemployment in Washington state, if you stopped looking for work, you were not counted as unemployed in the unemployment rate. The rate only takes into consideration those who are actively seeking work. This is how the bureaucrats can get low unemployment rates. Kind of like Brandon counting people coming back to the jobs that he threw them out of during the shutdown as "newly created jobs."
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From my experience working for 20 years in unemployment in Washington state, if you stopped looking for work, you were not counted as unemployed in the unemployment rate. The rate only takes into consideration those who are actively seeking work. This is how the bureaucrats can get low unemployment rates. Kind of like Brandon counting people coming back to the jobs that he threw them out of during the shutdown as "newly created jobs." You are no longer included in U3, you are still included in U6 if you want to work, but quit looking. U6 is always higher for that type of reason. UE has been calculated like that for 30 years.
Last edited by jetjockey; 02/01/24.
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[quote=jetjockey]That author is an idiot!!! Speaking of idiots.... You ignore the entire gist of the article to focus on this one thing? JJ is a total tool[of the Leftist's most likely]. They feel all superior spouting this report or that, when those reports as a rule do not tell the full story[see Deltakid's report above]. Then, on top of everything else comes the revisions that are hidden way down 1-2 months later. Leftists like JJ have ZERO real world experience along with ZERO clue. They're all like "well life is great in my world so it must be the same across the board" Screw the working class family that's paying 2-3 times for groceries over the prices from as recently as 3-4 years back, add in double for gas[current] and 30-40% higher rent. But hey the statistics say.......... Total F'kn TOOL is all that he is.
FJB & FJT
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From my experience working for 20 years in unemployment in Washington state, if you stopped looking for work, you were not counted as unemployed in the unemployment rate. The rate only takes into consideration those who are actively seeking work. This is how the bureaucrats can get low unemployment rates. Kind of like Brandon counting people coming back to the jobs that he threw them out of during the shutdown as "newly created jobs." You are no longer included in U3, you are still included in U6 if you want to work, but quit looking. U6 is always higher for that type of reason. UE has been calculated like that for 30 years. How about the rest of the article?
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[quote=jetjockey]That author is an idiot!!! Speaking of idiots.... You ignore the entire gist of the article to focus on this one thing? He has a few valid points, but notice he doesn’t mention a single policy, he just says “Biden’s policies.” Notice how he doesn’t say which Biden policies have affected inflation and why that occurred? The reason is he doesn’t know, he’s just regurgitating what he’s heard someone else say. Inflation didn’t occur because of a Biden, it occurred because of COVID. If Trump would have been President, we would have seen the exact same thing. How do I know, because no matter who the President/Prime Minister/etc has been, every Western country, and most countries world wide, have experienced skyrocketing inflation. The US has actually fared better than most countries. The reason why the Fed raised rates, which affected mortgages, CC, and all sorts of other things, is because Americans were still spending money, because they had it. It’s simply supply and demand. When we came out of Covid, demand skyrocketed and supply didn’t. Higher demand with low supply equals higher prices. Now that factories are back online, China is producing, and supply has returns, inflation is quickly returning to normal levels. Same thing with oil production. The US is currently producing more oil than any time in history, and look what’s happening at the pump, gas prices are coming down. He’s also totally wrong about the employee participation rate (in the 1950’s it was in the 50’s). Now, he is correct about the debt, the boarders, and billionaires and lobbyists, but it’s a lot more complex than just throwing out the words, and those are long term issues, not short term issues which he is ranting about.
Last edited by jetjockey; 02/01/24.
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Joined: Jan 2012
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Joined: Jan 2012
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[quote=jetjockey]That author is an idiot!!! Speaking of idiots.... You ignore the entire gist of the article to focus on this one thing? He has a few valid points, So he's not a idiot after all. but notice he doesn’t mention a single policy, he just says “Biden’s policies.” Notice how he doesn’t say which Biden policies have affected inflation and why that occurred? The reason is he doesn’t know, he’s just regurgitating what he’s heard someone else say. Inflation didn’t occur because of a Biden, it occurred because of COVID. If Trump would have been President, we would have seen the exact same thing. Wrong! J. Robinette was told not to continue with stimulus payments[he went ahead anyway] How do I know, because no matter who the President/Prime Minister/etc has been, every Western country, and most countries world wide, have experienced skyrocketing inflation. The US has actually fared better than most countries. Why? Simply due to the fact that the U.S. can print $$'s at will. The reason why the Fed raised rates, which affected mortgages, CC, and all sorts of other things, is because Americans were still spending money, because they had it. See above[this ain't rocket science] It’s simply supply and demand. When we came out of Covid, demand skyrocketed and supply didn’t. Higher demand with low supply equals higher prices. Now that factories are back online, China is producing, and supply has returns, inflation is quickly returning to normal levels. Normal means very little after the hyper-inflation J. Robinette created. That cat isn't going back in the bag Same thing with oil production. The US is currently producing more oil than any time in history, and look what’s happening at the pump, gas prices are coming down. Gas prices were steady[and lower] even when Trumps economy was booming.He’s also totally wrong about the employee participation rate (in the 1950’s it was in the 50’s). Now, he is correct about the debt, the boarders, and billionaires and lobbyists, but it’s a lot more complex than just throwing out the words, and those are long term issues, not short term issues which he is ranting about. Borders Borders Borders Borders Borders Borders Borders Borders Borders
FJB & FJT
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[quote=jetjockey]That author is an idiot!!! Speaking of idiots.... You ignore the entire gist of the article to focus on this one thing? He has a few valid points, So he's not a idiot after all. but notice he doesn’t mention a single policy, he just says “Biden’s policies.” Notice how he doesn’t say which Biden policies have affected inflation and why that occurred? The reason is he doesn’t know, he’s just regurgitating what he’s heard someone else say. Inflation didn’t occur because of a Biden, it occurred because of COVID. If Trump would have been President, we would have seen the exact same thing. Wrong! J. Robinette was told not to continue with stimulus payments[he went ahead anyway] How do I know, because no matter who the President/Prime Minister/etc has been, every Western country, and most countries world wide, have experienced skyrocketing inflation. The US has actually fared better than most countries. Why? Simply due to the fact that the U.S. can print $$'s at will. The reason why the Fed raised rates, which affected mortgages, CC, and all sorts of other things, is because Americans were still spending money, because they had it. See above[this ain't rocket science] It’s simply supply and demand. When we came out of Covid, demand skyrocketed and supply didn’t. Higher demand with low supply equals higher prices. Now that factories are back online, China is producing, and supply has returns, inflation is quickly returning to normal levels. Normal means very little after the hyper-inflation J. Robinette created. That cat isn't going back in the bag Same thing with oil production. The US is currently producing more oil than any time in history, and look what’s happening at the pump, gas prices are coming down. Gas prices were steady[and lower] even when Trumps economy was booming.He’s also totally wrong about the employee participation rate (in the 1950’s it was in the 50’s). Now, he is correct about the debt, the boarders, and billionaires and lobbyists, but it’s a lot more complex than just throwing out the words, and those are long term issues, not short term issues which he is ranting about. Borders Borders Borders Borders Borders Borders Borders Borders Borders Again, regurgitating what you heard, instead of doing the research yourself, truly understanding economics, and coming up with a conclusion of your own. Here’s a great article to read if you want to educate yourself. https://hbr.org/2022/12/what-causes-inflation
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Joined: Jan 2012
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Assumptions made by you as to what I may or may not know regarding the U.S. economy are.....simply priceless.
I'm in the real world, working & breathing it every day, to include but not limited to:
Hiring, firing, managing employees, paying bills, making purchases, capitol investment decisions, handling the bookkeeping/accounting, paying the myriad taxes, signing payroll checks.
You?
FJB & FJT
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