U.S. job loss - Dec. 2007 to Jan, 2010

Discussion in 'Politics & Religion' started by walter4, Feb 17, 2010.

  1. maxpi

    maxpi

    The stimulus slowed the recovery that was due to happen...
     
  2. The 2006 United States midterm elections were held on Tuesday, November 7, 2006. The victory of the Democratic Party in the 2006 Congressional elections was a major historic milestone for an additional reason: So Obama could create or save all the jobs his democratic congress pissed away.
     
  3. Arnie

    Arnie

  4. Ricter

    Ricter

    Yeah, sure it did. Give us a cause and effect chain for that.
     
  5. Judging Stimulus by Job Data Reveals Success
    In the early months of last year, spending by state and local governments was falling rapidly, as was tax revenue. In the spring, tax revenue continued to drop, yet spending jumped — during the very time when state and local officials were finding out roughly how much stimulus money they would be receiving. This is the money that has kept teachers, police officers, health care workers and firefighters employed.

    Then there is corporate spending. It surged in the final months of last year. Mark Zandi of Economy.com (who has advised the McCain campaign and Congressional Democrats) says that the Dec. 31 expiration of a tax credit for corporate investment, which was part of the stimulus, is a big reason.

    http://www.nytimes.com/2010/02/17/business/economy/17leonhardt.html
     
  6. Wallet

    Wallet

    That graph shows the loss of jobs have slowed and found a state of equilibrium, there's no more jobs to lose at the present as the work force was cut to bare bones levels needed for continued survival. It does not show job creation.

    If that graph starts to take a nose dive again, kiss it all goodbye as the cause will be business failures.
     
  7. Ricter

    Ricter

    I must have responded too vaguely, as you are "preaching to the choir".