Stimulus is working...unemployement rate jumps to 9.7%, a 26 year high

What exactly is "this political correctness thing" of which you speak?
 
Most be all those big wheels cutting the workforce and taking their inflated salaries and perks. Gotta wonder what they will do next, to keep the CEO with a huge wage and benefits increase year after year, while paring his workforce and farming the jobs to China. Good old China, land of no EPA, no OSHA, no minimum wage! Amazing that the shipping costs from China are not a deterent to increased profits.
BTW, since I got so familiar with the word over the last few years, it is spelled unemployment.
 
Kokonut, you're missing one thing....lot of students return back to school....it's normal for unemployment to rise a bit before it goes down once new people replace them. It usually happens every year on average.
 
Sally speaks the truth really...

Everything is being outsourced to China or India. Now, Canadians have been lucky we have a resource-economy to fall back on, but the United States?

However at this point, isolationism, as preached by kokonut, would be a really asinine idea to pull. What need to be done is find a new source of employment other than manufacturing military hardware.
 
souggy said:
What need to be done is find a new source of employment other than manufacturing military hardware.
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Hey, we need that stuff. We gotta be ready for the coming of the Palin administration. :giggle:
 
sequoias said:
Kokonut, you're missing one thing....lot of students return back to school....it's normal for unemployment to rise a bit before it goes down once new people replace them. It usually happens every year on average.
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They don't count part-time jobs in that figure. It'd be 16.8%, all time high amoung unemployed and those whose hours been reduced to part-time.
The Ticker - Actual Unemployment Rate Hits All-Time High of 16.8% - Economy Watch

Besides unemployment rate among teens is 25.5%...a record high.
http://www.nytimes.com/2009/09/05/business/economy/05teen.html
 
souggy said:
Sally speaks the truth really...

Everything is being outsourced to China or India. Now, Canadians have been lucky we have a resource-economy to fall back on, but the United States?

However at this point, isolationism, as preached by kokonut, would be a really asinine idea to pull. What need to be done is find a new source of employment other than manufacturing military hardware.
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No, it's not asinine if we're talking about oil. We have enough oil to even export them. Just as Saudi Arabia and other countries export their oil. And Canada is the biggest oil exporter to the United States, more than Saudi Arabia. And Canada is the U.S.' #1 import oil.

Oil and gas production accounts for about 25 per cent of Alberta's GDP, 70 per cent of provincial exports and more than a third of provincial government revenues. So, Canada, or Alberta in this case, is pretty darned lucky to have a source of revenue. Five facts about Canada's oil country

Compare that to the United States' state by state GDP doesn't come close when grouped. But look at North Dakota and Wyoming. Now, here's a quiz, tell me why, especially, N.Dakota at 7.3%(!), the high GDP numbers for those states?
News Release: (GDP by State)
 
souggy said:
Sally speaks the truth really...

Everything is being outsourced to China or India. Now, Canadians have been lucky we have a resource-economy to fall back on, but the United States?

However at this point, isolationism, as preached by kokonut, would be a really asinine idea to pull. What need to be done is find a new source of employment other than manufacturing military hardware.
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Again, the oil thing. It is NOT asinine.It's a matter of national security. Some 30 years ago imported oil accounted about 30% of the U.S. oil consumption while 70% came from our own domestic oil. Today, that percentages reversed with 70% of our oil is imported while domestic oil account 30% of our oil. It'd be better to switch those numbers around as a way to buffer ourselves from uncertainty. Not doing do we lose a LOT of leverages. Saudi Arabia knows this, hence the article I linked about how we will be forever dependent on imported oil outside of North America.
 
Regarding oil, the price of oil is rising and we need to reduce our dependence on oil all together. See:

End of Cheap Oil @ National Geographic Magazine

Even the oil companies are trying to get into the new technologies like biodiesel. The oil execs know what's coming.

The Chinese are poisoning their children. Every week there's a new story about a town where all the children have lead poisoning. Very tragic. Companies would never get away with that in the US (for which I'm grateful).
 
sallylou said:
Regarding oil, the price of oil is rising and we need to reduce our dependence on oil all together. See:

End of Cheap Oil @ National Geographic Magazine

Even the oil companies are trying to get into the new technologies like biodiesel. The oil execs know what's coming.

The Chinese are poisoning their children. Every week there's a new story about a town where all the children have lead poisoning. Very tragic. Companies would never get away with that in the US (for which I'm grateful).
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And that is why many companies have been shipping jobs overseas so they don't have to deal with minimal wages or environmental laws. :evil: I think that once the Chinese have had enough, the Chinese government may impose restrictions.
 
sallylou said:
Regarding oil, the price of oil is rising and we need to reduce our dependence on oil all together. See:

End of Cheap Oil @ National Geographic Magazine

Even the oil companies are trying to get into the new technologies like biodiesel. The oil execs know what's coming.

The Chinese are poisoning their children. Every week there's a new story about a town where all the children have lead poisoning. Very tragic. Companies would never get away with that in the US (for which I'm grateful).
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No, it's because they're not allowed or severely limited in getting oil here in the U.S. We have plenty of oil here. Use it. Create the jobs. We have environmental laws in place that help reduce the impact of oil recovered. You don't see that in Venezuela, Saudi Arabia, and so on and yet we buy the majority of our imported oil from them!! Wanna talk about hypocrisy?

Again, tell me why it is ok for Obama to lend billions of dollars to Petrobras oil in Brazil to fund their biggest oil find off the coast of Brazil?
 
It's a little more complicated than that. The Import Export Bank has preliminarily approved is a loan to Petrobras Oil to finance purchasing American goods. The idea is to give credit to entities that will buy American goods and services. See Ex-Im Bank :: Facts About the Proposed Ex-Im Bank Loans for Petrobras' Brazilian Offshore Oil Exploration and Development


The latest word is that this Brazilian company will be nationalized to a greater precentage. See Petrobras Expects Brazil Government to Increase Stake (Update2) - Bloomberg.com

Nationalization is common in Latin America.

Is that what you meant?
 
sallylou said:
It's a little more complicated than that. The Import Export Bank has preliminarily approved is a loan to Petrobras Oil to finance purchasing American goods. The idea is to give credit to entities that will buy American goods and services. See Ex-Im Bank :: Facts About the Proposed Ex-Im Bank Loans for Petrobras' Brazilian Offshore Oil Exploration and Development


The latest word is that this Brazilian company will be nationalized to a greater precentage. See Petrobras Expects Brazil Government to Increase Stake (Update2) - Bloomberg.com

Nationalization is common in Latin America.

Is that what you meant?
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No.

This.

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. …

But it still doesn’t allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won’t allow at home.
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President Obama Finances Offshore Drilling in Brazil - WSJ.com

And, ya want more hypocrisy with the Dems Soros funded money wheel?

His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.

Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …

Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc.

“Given that there will most likely never be a change in control in the company, I see no reason to pay a higher price for the common shares.” Brazil’s government controls Petrobras and has a majority stake of voting shares.
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George Soros Cut Petrobras Stake in Second Quarter (Update2) - Bloomberg.com

Guess who helped fund the Obama campaign?

Yep, George Soros.

Soros-Funded Democratic Idea Factory Becomes Obama Policy Font - Bloomberg.com

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmm..... Nice way of paying back Soros for all his help is what this looks like. The old Chicago thuggery machination at work.


I think this'd be worthy of a federal investigation.


Again, why is ok for Obama to offer loans of $2 billion dollars (with more possibly in the future) to help underwrite Petrobras for offshore oil exploration when Obama ignores our own?
Hypocrisy, again, anyone?

Waiting for an intellectually honest answer here, which probably will not happen.
 
sequoias said:
Kokonut, you're missing one thing....lot of students return back to school....it's normal for unemployment to rise a bit before it goes down once new people replace them. It usually happens every year on average.
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Exactly, you made great point. :D
 
sallylou said:
Oil is not the answer. Oil is a depleting resource. Technology is the answer. Producing products of value is the answer. Growing and raising real food is the answer (not the crappy industrial food and processed food that we have now). I'm old enough to remember when the US wasn't like this. We had manufacturing operations. Not everything was made of plastic or in China. I'm not saying that we should go back to the old way but we need something to move forward. The thinking needs to be long term and sustainable, not short quarterly profits.
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Well said. Unfortunately, short sightedness seems to be the call of the day. Do it now! Immediate results! Fix it now! Immediate gratification!
 
Well, we are Americans. Gimme now! :lol:

Kokonut, you fail to understand the role of the US Import Export Bank. It exists to provide financing for the purchase of American sales and service. It also operates at a profit at no cost to taxpayers.
 
Yes, I know. No taxes involved though they're loan guarantees and are doing business with Brazil and her big oil find. However, again, you are failing to see the bigger picture here.

1). Obama allowed this to go through.
2.) The Obama administration is directly involved in this big oil stake
3). Soros hedge fund invests $811m to buy Petrobras stake (while sabotaging US drilling).
3). As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. - Gulfnews: Soros hedge fund invests $811m to buy Petrobras stake
4) It is a fact well known that the Soros help fund and provide support to the Obama campaign in a variety of ways through the use of the media and financial support.

Lastly, I think there's a huge, huge conflict of interest going on and this needs to be investigated. We have the Obama administration doing business with Brazil/Petrobras. We have Soros who is very well connected with Obama. We have Soros' hands in this Petrobras thing.

Now, again I ask you this question once more. Why is the Obama administration doing business with Brazil and her oil but ignores any semblance of support to drill and mine our own oil??. This is the third time I have asked this question. And I get this runaround which is a sign of intellectual dishonesty.
 
Got your tin foil hat on today, eh? I'll leave you to come up with your theories. :wave:
 
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