6-1/2% Unemployment - There fixed it for ya'

[DJW]

Weird, according to Bernanke, if the Fed continues to monetize the debt until we get to a 6-1/2% unemployment rate...then the economy is considered fixed and we can all get back to normal. (meaning start to raise interest rates to within a fraction of what they should be).

When Bush was President the UR was mostly in the mid-4% range and that was considered "unacceptable." Other than after the 08 crash of housing market the UR was never higher than 6.1%.

So how is it that 6.5% is now considered the "new" okee-dookee? A
"normal" UR used to mean more than 3% and less that 5%. But not in the transformed Obamamerica I guess.

http://money.cnn.com/2012/12/14/news...?iid=H_BN_News

[compressor#v]

Anyone with an ounce of sense knows, no matter who is in office, the UR's are way off, and knows why. Those who love a global economy, and cheap overseas labor shouldn't give a f%#k what the UR is.

[DJW]

Originally Posted by compressor#v

Anyone with an ounce of sense knows, no matter who is in office, the UR's are way off, and knows why. Those who love a global economy, and cheap overseas labor shouldn't give a f%#k what the UR is.

I agree, the UR is a joke. But it's a relative joke, relative to any other period in time (for example the depression), and relative to where you're standing (Spain for example).

[claytp1]

Go here: http://data.bls.gov/timeseries/LNS11300000

It tells a more accurate story.

[Tequila SG]

Oh yeah 6.5% is the new OK, but they keep leaving out the other 7 to 8% of the ones that no longer look for work because they are living of the fat of the land.
Lets see If I remember my math correctly that would be 14.5% hummmm

[compressor#v]

Or the 7-8% that can't find a job, cause the work is in a different country.

[DJW]

Originally Posted by compressor#v

Or the 7-8% that can't find a job, cause the work is in a different country.

Actually, I'd say the overwhelming majority of the work is in another Country. We're barely 4-1/2% of the world's population, but still manage to be have a GDP twice the size of China's. Not bad for a nation built by founder who:

“owned slaves, oppressed women and were short on tolerance.” - Ed Shultz December 14, 2012

The problem is taxing income, when we should be using tariffs the way the founder haters intended it.

[compressor#v]

OK I'll re-phrase...OUR work is NOW in another country.

[DJW]

Originally Posted by compressor#v

OK I'll re-phrase...OUR work is NOW in another country.

"Our work," is the product we manage to produce that remains competitive against "their" work.n That can be in price, in quality, or in uniqueness.

Either that or: Tarriff.

[compressor#v]

How would you like Americans to compete with wages thar are below poverty level?

[claytp1]

Originally Posted by compressor#v

How would you like Americans to compete with wages thar are below poverty level?

We already are and until you accept this you are part of the problem whether you know it or not. I'm not suggesting American workers should be willing to be paid these wages but in order for those jobs to come back the increased cost will have to either be justified or offset in other cost reductions.

[James]

Originally Posted by claytp1

We already are and until you accept this you are part of the problem whether you know it or not.

I don't want to accept it. I want our government to impose tariffs to level the playing field.

[claytp1]

Originally Posted by James

I don't want to accept it. I want our government to impose tariffs to level the playing field.

I didn't say be happy about it and take it like a man. You do accept that we're in competition on the labor side, you just don't like it and want tarrifs as a response. A reasonable tool to reach a solution.

As would be:

1. Sell here, build here laws. Foreign countries do this to American companies regularly. You can easily tie that in with tarrifs.

2. Tax policy - Liberals hate this one because it means possibly making those high earning companies even richer but ignoring the fact that having more people working can make up for that loss with additional income tax

3. Incentives of anykind that makes employing Americans a positive for businesses (foreign or American owned).

[compressor#v]

" until you accept this "
You first, show us all the way. You raise a family, save for retirement and your kids college education on $10 bucks an hour let alone a dollar or two a day, and send pictures of house, car, bike and how much is in your savings account. I've put this challenge out before, no takers.

[RGRider]

Originally Posted by compressor#v

" until you accept this "
You first, show us all the way. You raise a family, save for retirement and your kids college education on $10 bucks an hour let alone a dollar or two a day, and send pictures of house, car, bike and how much is in your savings account. I've put this challenge out before, no takers.

If an adult is only making $10 an hour they have bigger issues than their wage and shouldn't even have a family to try and raise.