Unemployed Comments on the WSJFollow

No doubt when the foreclosure rates skyrocket even further, spending drops even further, unemployment rises even further and people are eating rats in the streets, people like Gbaji would be saying "Don't blame the Democrats... this is for the best."

Edited, Jul 1st 2010 6:24pm by Jophiel

What does this even mean???

What BD said should have said.

How democratic.

I can see you love freedom.

You're a patriot and no mistake.

Yeah, um. You probably should have studied up yourself, since your basketball career went nowhere...or are you really implying that he is a head of socialist lettuce?

Are you saying that you disagree with stimulus packages? How about corporate bailouts?

Boy, it's a good thing Bush didn't use taxpayer money to help recover the economy.

Debo,

Way to avoid the question. Should I ask it again?

/giggle




So the mega-corporations don't work and just sit on their ***?



I thought you were ******** about the unemployment rate? But that's only when it suits your arguments, right? Otherwise, there are plenty of jobs for everyone, and if someone is unemployed it's because they want to be, right?

I was going to write this very point, but you have done it for me. That's why eternally extending unemployment is a bad thing. In a downturn economy, not everyone can expect to obtain the same job or even one earning more than the unemployment benefits based on their previous salary will pay out. However, it is important for economic recovery that people do take those jobs. If they do, they'll "suffer" with lower income for a while, but the businesses will start to see recover and loosen their pocketbooks somewhat and higher paying jobs will then come back.

If everyone sits there collecting unemployment waiting for the jobs to come back, it'll take a hell of a lot longer for them to do so. A friend of mine's wife recently started working again after almost 15 years off work (raising their daughter as a stay at home mom). She can't drive due to medical issues and let's just say that the public transportation sucks where they live, so she literally has one strip mall within walking distance as the only option of places to find a job. She managed to get a job at a Starbucks in that mall. It doesn't pay a ton, but they do provide benefits and it'll help them out financially (they're in risk of losing their home right now as well). In just the month or so she's been there, three people have left the shop she works for, and they're having a hell of a time finding people to fill the jobs. They've got a manager who's doing double duty at another shop, and are having to try to get employees from two other shops to do shifts to fill the gap.

I can't help but wonder how many people could work those jobs but aren't because they're going to wait until their unemployment checks run out before looking for something "beneath them". Meanwhile small businesses can't find people to work for them (yes, I'm aware that Starbucks isn't a small business, but the shops each follow a similar model). This is what I meant by feeling a little pain. You work a job, any job until something better opens up. The idea that we should all just sit around waiting for other people to make the economy recover and just collect checks for sitting around is stupid and counterproductive IMO.


Those are the sorts of attitudes which will make our current economic problems worse over time, not better. If you want to recover, you have to move forwards. Sometimes, it's not pleasant, but that's the way life works. And for the record, if I were to lose my job tomorrow, I have saved enough money that I could certainly sit on unemployment for the standard time period without problem (which I've more than paid into btw), and assuming I couldn't find a comparable salaried job in that time, I would take whatever I could find and do just fine. I live frugally now and save as much money as possible for a rainy day. Because of that, I'm not afraid if that rainy day comes. If more people thought of their financial future as their responsibility rather than assuming that the government will take care of them, more people would be prepared for such things and could weather them. Sadly, we live in a society in which the entitlement mentality has taken hold and many people don't think in terms of personal responsibility.

Every time Gbaji opens his mouth a dictionary falls out, I wouldn't bother trying to keep up. :P

There are far fewer jobs on the market than people at the moment, so simply expecting folks to look for a low paying menial job outside their field isn't going to be much use. We had a job fair here a couple months ago and there were thousands that showed up for what was about 250 jobs. It seems to me, though I could be wrong, that a low paying job isn't likely to spur on the economy much anyway, given that that individual would have a more limited spending power, and would thus be contributing less to the economy anyway. Which is not to say that people shouldn't be going for such positions, just that that hardly seems like a more permanent cure than continuing unemployment benefits.

Hope things work out for you Ag.

It's the first Friday of the month, that means it's empsit day!

Loss of 225k government jobs but a gain of 83k private sector jobs, and unemployment went down to 9.5%. On your marks... get set... polish that ****!



Edited, Jul 2nd 2010 5:33pm by bsphil