Unemployment Rate For July

[DefenseisDesire]

9.1%

 

[golfballs]

Obama should be toast

 

[tigervol9802]

New normal baby.

 

[MG1968]

wait, it fell by .1%?

clearly we are on the road to recovery...

 

[addage522FED7]

My Gosh, how did it happen when business establishments are all booming?

 

[NEO]

wait, it fell by .1%?

clearly we are on the road to recovery...

I read somewhere it actually went up. They cooked the numbers.

They didn't go by the amount of jobs there use to be but by the new number. They then took the unemployed now and compared them to the new number of available jobs which made the unemployment number look better.

 

[gsvol]

 

[BeecherVol]

The Summer of Recovery is starting to take shape.

 

[Rasputin_Vol]

New normal baby.

Probably closer to the truth than you realize.

 

[gsvol]

Something that might work.

Canada’s Deficit Cutting Vs. South of the Border - Real Time Economics - WSJ

Gross Canadian government debt amounts to about 84% of GDP, according to the International Monetary Fund, just behind Washington’s 91.6%.

But unlike in the U.S., Canadian policymakers at the federal and provincial levels have embarked on slow-but-steady deficit-cutting programs that have largely appeased analysts and foreign investors.

“Granted, Canadian federal and provincial governments are early on in their plans to eliminate their deficits,” said Derek Burleton, deputy chief economist at Toronto-Dominion Bank. “But they do have long-term plans in place, which is a good start.”

The IMF has called Canada’s deficit-fighting plan “sound and credible.”

Canadian corp taxes cut from 42% to 15% - it WORKED.


Warren Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.” By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.

First Principles - Warren Harding and the Forgotten Depression of 1920

BTW..ole Warren ALSO fixed immigration...

Mr. Harding signed into law the Emergency Quota Act which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Harding’s death.

A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy.

In other words if this administration would start doing just the opposite of everything it is now doing, we would be out of a recession and have a booming economy in a very short while.

OTOH, if this administration keeps on it's present course, then we can only expect things to get worse and with the possibility of violent civil unrest of which we are already seeing signs of in various places in this country now.