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Title: Chronic unemployment worse than Great Depression (O more depressing than FDR)
Source:
CBS News
URL Source: http://www.cbsnews.com/stories/2011 ... eveningnews/main20069136.shtml
Published: Jun 6, 2011
Author: Ben Tracy
Post Date: 2011-06-06 13:22:21 by Hondo68
Keywords: not ever expected, to come back, the Great(est) Depression
Views: 13967
Comments: 24
There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one.
CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them.
Tinong Nwachan, for example, has far too much time on his hands. When CBS News met the former truck driver he had been out of work for two years.
"I don't really tell too many people this but I'm not ashamed or nothing, I'm homeless," Nwachan said.
Summer job bummer: Teen unemployment 24 percent
Nearly 14 million Americans are looking for work
His day job is looking for work at a jobs center in Hollywood. He has plenty of company, including Fabian Lambrecht, who wonders when the economy's improvement will affect them.
"They're saying there are more jobs. I'm just wondering where those jobs are," Lambrecht said.
About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.
The bigger the gap on someone's resume, the more questions employers have.
"(Employers) think: 'Oh, well, there must be something really wrong with them because they haven't gotten a job in 6 months, a year, 2 years.' But that's not necessarily the case," said Marjorie Gardner-Cruse with the Hollywood Worksource Center.
The problem of course is the economy, but some industries, especially certain manufacturing jobs, are not ever expected to come back. Experts say unemployed workers need to be prepared to change careers.
"That person has to realize that, discover what field they want to work in, become trained and find a job in that field," said Jerry Nickelsburg, Sr., an economist at UCLA.
Here's another problem: more than 1 million of the long-term unemployed have run out of unemployment benefits, leaving them without the money to get new training, buy new clothes, or even get to job interviews.
"If you have been unemployed for 6 months or more, it takes a much deeper toll - not just on your personal finances and your career prospects - but on your emotional well-being," said Paul Taylor, an executive vice president with the Pew Research Center.
Tinong Nwachan said no matter how hard it's been, he isn't giving up on his search.
"I'm taking everything one day at a time. Eventually I know I'm gonna find something," Nwachan said.
All he says he's hoping for is a job that will take more of his time, and take him off the streets.
Poster Comment:
There are a lot of folks who aren't queer or communist enough, to get a job in the hObama administration.
The community organizer has turned the Bush recession into the greatest depression ever. That's change, but where's the hope?
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America's Reaganomics based economy does not work. Germany's Socialism works.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#2. To: Godwinson (#1)
America's Reaganomics based economy does not work. Germany's Socialism works.
Rule of Disinformation #6.
Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism reasoning - simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent’s viewpoint.
List of those unable to think:
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, mininggold, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list, you're too fucking stupid to hold a real conversation.
Bumper sticker on DwarF's car:
#3. To: Capitalist Eric (#2)
No hit and run. I am right here, bitch. Reagonomics is a failure just like you are.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#4. To: Godwinson (#3)
Reagonomics is a failure just like you are.
Godwincing...do YOU ever have an orginal thought?
Seriously, all you post is the blabberings of the Rachel Maddow wing of the DNC.
Proxy IP's are amusing.....lmao
#5. To: hondo68 (#0)
nearly half a million government jobs have been lost in the last 3 years, taxes are at historic lows, and you guys are still complaining?
"Thats because your basically and idiot."
Badeye posted on 2011-04-29 10:30:22 ET
#6. To: Godwinson (#3)
....America's Reaganomics based economy does not work. Germany's Socialism works.
.....No hit and run. I am right here, bitch. Reagonomics is a failure just like you are.
The title of the article is "Chronic unemployment worse than Great Depression (O more depressing than FDR)"
Nothing like making a bullshit statement, and then running off...
Now you come back, make the same bullshit statement again.
Considering facts are NOT on your side, you're really desperate to divert attention from the utter FAILURE of the ob@m@ administration, aren't you?
You voted for ob@m@, didn't you?
List of those unable to think:
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, mininggold, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list, you're too fucking stupid to hold a real conversation.
Bumper sticker on DwarF's car:
#7. To: Badeye (#4)
Godwincing...do YOU ever have an orginal thought?Seriously, all you post is the blabberings of the Rachel Maddow wing of the DNC.
I can't decide if he's REALLY that stupid, or if it's all a caricature of the worst mentalities of the socialist/commie crowd....
Tough to know...
LOL.
List of those unable to think:
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, mininggold, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list, you're too fucking stupid to hold a real conversation.
Bumper sticker on DwarF's car:
#8. To: go65 (#5)
nearly half a million government jobs have been lost in the last 3 years, taxes are at historic lows, and you guys are still complaining?
I say raise taxes on the wealthy. They whine anyway so why not give them something to whine about.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#9. To: Capitalist Eric (#6)
Considering facts are NOT on your side, you're really desperate to divert attention from the utter FAILURE of the ob@m@ administration, aren't you?
Before it was Obama's failure, it was neocon-Bush and the GOP's failure.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#10. To: lucysmom (#8)
I say raise taxes on the wealthy.
We did goofy...how's that working out?
Sheesh....
Proxy IP's are amusing.....lmao
#11. To: Badeye (#10)
We did goofy...how's that working out?
Wha...huh?
When Clinton did it - the last one who did - revenues came in stronger than when we cut them...
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#12. To: war, Badeye (#11)
We did goofy...how's that working out?Sheesh....
LOL, and he thinks I'm goofy.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#13. To: lucysmom (#12)
The irony that is Boofer is overwhelming...
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#14. To: war (#13)
The irony that is Boofer is overwhelming...
Do you think he's engaging in attention seeking behavior or really believes what he posts?
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#15. To: war (#11)
The effects of increasing taxes on Treasury receipts can be seen in the Clinton and Democrat-controlled congressional tax increase of 1993, one of the largest in history. Despite a more robust job market following a recession, the 1993 tax increase didn't accomplish what Democrats expected. The tax increases added very little to treasury receipts despite their magnitude. Reports from the Congressional Budget Office, the Office of Management and Budget, and the Internal Revenue Service all agree.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€. Can I get an ‘amen’??
#16. To: no gnu taxes (#15)
Whether they brought in expected revenue or not, those tax increases are history, Badeye is speaking in the present tense.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#17. To: no gnu taxes (#15)
Well...we know this is horsehit. Look at both OMB and CBO projections for revenues in 1993 and 1994 and then look at where revenues came in.
And don't quote Moonbat articles to me without sourcing them...
Thanks...
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#18. To: lucysmom (#16)
Whether they brought in expected revenue or not...
They didn't...
They brought in MORE than was expected...
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#19. To: war (#18)
President Clinton recently repudiated his 1993 tax increases in meetings with top business executives -- and then recanted the remarks, confessing that he was fatigued when he made them. But according to research by economists such as Harvard professor Martin Feldstein, who served as chairman of the President's Council of Economic Advisors in the Reagan administration, that explanation has grown tired.
Feldstein and Daniel Feenberg of the National Bureau of Economic Research examined 100,000 anonymous tax returns from 1993 and 1994 for a report presented to a group of business economists on Nov. 7 It is the first hard assessment of the Clinton tax increase to date. (Sen. Connie Mack, a Florida Republican, issued a press release this summer saying that the taxes were slowing down the economy, but it did not carry the weight that Feldstein and Feenberg's report did.
Clinton was initially correct in his mea culpas, say Feldstein, Feenberg and others. The marginal tax-rate increases have brought in 33 percent less revenue than projected -- and have curtailed economic activity by as much as $25 billion, slowed the economic recovery underway since 1991 and failed significantly to reduce the federal deficit.
http://findarticles.com/p/articles/mi_m1571/is_n48_v11/ai_17828388/
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€. Can I get an ‘amen’??
#20. To: war, no gnu taxes (#18)
They brought in MORE than was expected...
If experience doesn't support the theory, experience must be wrong.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
#21. To: no gnu taxes (#19)
Look at both OMB and CBO projections for revenues in 1993 and 1994 and then look at where revenues came in.
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#22. To: lucysmom (#12)
LOL, and he thinks I'm goofy.
No, I'm quite sure of it, goofy. As this and so many other threads demonstrate conclusively.
Proxy IP's are amusing.....lmao
#23. To: no gnu taxes (#15)
The effects of increasing taxes on Treasury receipts can be seen in the Clinton and Democrat-controlled congressional tax increase of 1993, one of the largest in history. Despite a more robust job market following a recession, the 1993 tax increase didn't accomplish what Democrats expected. The tax increases added very little to treasury receipts despite their magnitude. Reports from the Congressional Budget Office, the Office of Management and Budget, and the Internal Revenue Service all agree.
There you go again, inserting facts where they clearly are not desired by our leftwingnuts.....(laughing)
Proxy IP's are amusing.....lmao
#24. To: lucysmom (#14)
Do you think he's engaging in attention seeking behavior or really believes what he posts?
Oh, the irony of this one....lmao
Proxy IP's are amusing.....lmao
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