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January 24, 2013 at 5:04 am #780400
BikeRiderMembersomeone willing to work the hard temporary job applying for a position for a job is certainly going to look better to the employer than someone that didn’t. it shows initiative.
“The fastest workers can earn about $1,000 per week”.
January 24, 2013 at 6:33 am #780401
JoBParticipantBikeRider
“someone willing to work the hard temporary job applying for a position for a job is certainly going to look better to the employer than someone that didn’t. it shows initiative.”
i agree. unfortunately temp work isn’t permanent.. and doesn’t come with benefits like health care..
you don’t typically make enough to save enough to pay the rent in those periods when the temp agency doesn’t have work for you..
and if you get ill, you are out of luck…
“”The fastest workers can earn about $1,000 per week”.”
in the first place you do have to be pretty fast to earn $1000/wk
and that $1000/wk isn’t after taxes or after expenses..
those temp farm accommodations aren’t free you know..
January 25, 2013 at 6:16 am #780402
kgdlgParticipantJanuary 25, 2013 at 5:51 pm #780403
wakefloodParticipantAnother wonderfully supportive, data-driven story for all you belt-tightening fanatics. Fresh off the presses!
Looking forward to some well-reasoned responses from you guys on this. Bring it please, you champions of austerity, you knowers of fixing economies. We wait with baited breath! :-)
http://www.huffingtonpost.com/2013/01/25/britain-triple-dip-recession_n_2550520.html
January 28, 2013 at 12:53 am #780404
WSAdmiralMemberif money needs to be borrowed; constructing long lasting infrastructure assets is the best formula that i am aware of. it gets people working and provides on-going benefits to the kids (the ones that have to pay the money back). at least they will have something to show for the borrowed money.
January 28, 2013 at 12:58 am #780405
dobroParticipantThis is one of the most advantageous times in history for gov’t to be borrowing money. Interest rates are near zero! Now is a perfect time to invest in infrastructure, transportation, and education, all of which will add tremendous value to GDP in the future.
January 28, 2013 at 4:40 am #780406
WSAdmiralMemberdobro if only the government could focus the borrowed resources to investment items like infrastructure (transmission lines, water, sewer and transportation)and education. these items benefit future generations who will have to pay back the borrowed money.
January 28, 2013 at 6:43 am #780407
HMC RichParticipantWakeflood. I will wait for the revisions once all of the data is in. It is apparent that their monkeying around hasn’t produced a sudden change. The additional factors of the EU and their Oil industry certainly explains some of it.
It is fairly difficult for a conservative like David Cameron and Liberal Democrat Nick Clegg to work with each other in their coalition. Labour should be salivating over this, but since Brown and Blair basically put Britain in this position, I do not see Cameron working miracles. Britain is different than us.
January 28, 2013 at 6:46 am #780408
HMC RichParticipantWell Dobro. I am all for investing in infrastructure. What areas do we need to cut in the budget that would stop the deficit spending?
January 28, 2013 at 7:28 am #780409
dobroParticipantMilitary spending for starters. We outspend our nearest competitor, China, by a 6 to 1 ratio. We spend more than the next 10 countries combined. I’d still feel pretty safe with a 3 to 1 ratio, wouldn’t you? That would free up over 300 billion dollars in one year.
January 28, 2013 at 7:37 am #780410
HMC RichParticipantPossibly. I have to think that nothing in the budget is untouchable. And I would get rid of the TSA too. Congress just needs to pass the laws that the airlines have to follow. The Port and other entities did what was asked of them pre-911. Like always, the Feds over react. But, would you cut NPR funding?
January 28, 2013 at 7:41 am #780411
dobroParticipantWhy? The amount that takes is miniscule. Just because right wingers ideologically hate funding for the arts? I guess you’ve already forgotten the reaction when Rmoney wanted to fire Big Bird!
January 28, 2013 at 5:32 pm #780412
wakefloodParticipantLet me see if I’m hearing you right, HMC. You suggest that Britain responds to the worst recession since the great depression with stimulus, they show signs of recovery, the world wide consortium of financial entities (whose deregulation and mismanagement created said crisis anywhere deregulation was IMPOSED) forces austerity on virtually ALL of Europe just as that initial recovery starts to gain traction and BOOM the recovery falters and it was all magically because of Brown and Blair?? Wow. Man. Really? I guess I shouldn’t be surprised…
January 28, 2013 at 6:44 pm #780413
wakefloodParticipantOh, and much like the lessons of Afghanistan that we’re trying to re-re-relearn on the heals of both Britain and Russia’s attempt to “learn them folks how to run a civilization”, we have ignored economic lessons from just a couple of generations ago.
Roosevelt knuckled under to the monied’s interest and imposed austerity just as the initial stimulus efforts were bearing fruit in the 1930’s and…et voila! double dip recession.
January 29, 2013 at 7:32 pm #780414
WorldCitizenParticipantI’m no economist, but it does seem the countries who have implemented austerity measures seem to be doing worse as far as recovery goes. I can’t say for sure why this is so, but it does seem pretty intuitive that cutting is generally a growth killer. I do see the other side, however, that spending should be kept in check as much as possible. I’m not sure the best way to do this either, but trimming the fat on the big ticket items (defense, medicare, medicaid) seems like a good start, just so long as ACTUAL defense isn’t lacking and services don’t fall by the way side.
What I find troubling in this conversation, however, is the comparisons to other countries as an apples to apples type thing. It seems problematic to compare too closely the economies of Great Britain, Greece, Italy, Spain and the US. These things are not equals in ANY respect.
January 29, 2013 at 8:01 pm #780415
wakefloodParticipantHey WC, no one’s denying that gov’t spending should be well thought out, supportive of the greater societal goals, and fiscally responsible. (At least I THINK no one’s denying that but I haven’t consulted Rush Limbaugh lately.)
And I for one am certainly not suggesting that we can use all those economies as analogs in general. What I AM suggesting is that on a macroeconomic scale (and realistically, that’s the only level that matters in discussion of what to do during severe economic swings in either direction) several economies DO function as reasonable analogs.
And most market-based, non-centrally-controlled economies have the same basic set of working parts. All cars got motors but some have hemis, some diesels, some hybrids, some electric motors and they all need an energy source to get you moving. :-)
January 29, 2013 at 11:41 pm #780416
wakefloodParticipantAnd not to mention that those same financial entities have been working very hard over the last 20yrs. to try and coalesce mature economies around similar functions. Stability means predictability and predictability means PROFITS! (Not as much as say, eliminating regulation so they can legally steal but I digress…)
I am of course referring to: WTO, Davos, the Big 7 Summits, and all the major financial institutions.
Or maybe the LIBOR scandal was a figment of a liberal conspiracy nut’s imagination…?
January 29, 2013 at 11:44 pm #780417
WorldCitizenParticipantMaybe…I just get the feeling it’s *slightly* more complicated than what is being put forth here.
January 30, 2013 at 12:31 am #780418
wakefloodParticipantWell, there’s always details to be wrangled through to be sure.
But in this particular instance, I feel pretty confident that the big picture is as described. Why? Oh, maybe cuz the folks on the side of the argument I support predicted how this was playing out AND the guys on the other side are the same ones who got us into this mess. Fool me twice and all that.
It’s not like the whole collapse was unpredictable. Numerous folks were watching the house of cards get built and start to teeter and were talking about it.
The same with the recovery. Smart people said the stimulus was at least 2 or 3x too small (1/3 paltry tax cuts to folks who either didn’t need it or too small to spur any lasting demand). Those opposing it were the same schmucks who rigged the game and brought it down.
I guess I’m just tired of watching the foxes guarding the henhouses up and down our modern society.
January 30, 2013 at 2:11 am #780419
Alki-WSParticipantthe stimulus should have put more emphasis on creating/constructing capital assets
January 30, 2013 at 2:35 am #780420
kgdlgParticipantLooks like hoop is on his third user name…
January 30, 2013 at 4:03 am #780421
megMemberWWII ended the Depression, not the 1st or 2nd New Deals.
Government stimulus is just an artificial tit – sucking from it “feels” like progress, feels like the economy is improving. But its just an artificial breathing machine for a comatose patient. Once the tit’s withdrawn, once the breathing machine is removed, there is public outcry cuz of the realization that Nothing has changed. The economy still sucks, it was only a fake pause on our pain. Of course the accusations then become: “Not enough breathing machines! Moar breathing machines!”.
We’ve had 5 years of government trying to jump-start the economy. I don’t like Bernanke, but am sure he would chew off his arm if it would get the private sector of the economy running again. The conundrum is: once started, how does government withdraw its liquidity, how does it roll back stimulus? How does the Fed ever exit? How do you unplug a comatose patient? This question is perpetually danced around.
WorldCitizen is right, it’s very complex. Sadly, collapse is inevitable.
January 30, 2013 at 4:15 am #780422
kgdlgParticipantWell Meg, glad you will never be treasury secretary. To say that we have been “sucking on the tit” of stimulus over the last 5 years is an outright falsehood, especially since the limited stimulus we did have (TARP) was widely regarded as too small and is now viewed as a huge success. The one thing I agree with Hoop on, may that screen name apparently rest in peace, is that we need way MORE stimulus for infrastructure, education and roads and bridges. If spent right, these things give back tenfold (ESP when money is so cheap) because they spur greater investment and growth in our people and hence our businesses and society.
If collapse is inevitable we should all be preparing for WW3 because that is what will happen with a de stabilized American system and economy.
January 30, 2013 at 4:36 am #780423
wakefloodParticipantI still have no idea what system Meg thinks is an improvement nor how this “best of all possible governments” gets implemented? Share with us some details, won’t you?
January 30, 2013 at 4:44 am #780424
megMemberWell kgdlg, the New Dealz were huge sums, spent in all areas you recommend, and they ran up the deficit enormously. Yet, with all that spending (in all the right places, you might add) it was the war that ended the depression. Removing ND1 in 1937 – after a 4 yr run – collapsed the economy and they rushed ND2 into the emergency room, to take over and make the economy feel better again. 3 years later, WW2 came along and took its place.
Well before 2008, some folks saw the financial collapse coming. They watched the 2000-2008 ‘stimulus’, which was an artificially created easy-credit-easy-money bubble, stimulating away at the economy and making it feel prosperous and expansive. They saw it had no roots, it had no health, it would need a breathing machine once the bubble popped.
I agree with you, sadly, about WW3.
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