28 Replies to “It’s Probably Nothing”

  2. You gotta love it. The government numbers do NOT include those who are no longer on unemployment benefits, that’s why the US rate appears to be going down. They don’t count those out of work for 53 weeks, or more.
    This 30% is much more reflective of the BIG BIG trouble Obambiland is in.
    Yet, all the MSM can preach is about is how the economy is getting better….the cheerleading has begun

  3. Such a all telling chart for those that can interpret it. That would eliminate the Obama and Democrat voters. It only goes up to 35% which will be inadequate if he gets 4 more years. Save your change as there will be no hope.

  6. Despite all attempts to kill the Alberta economy you can still go to any Alberta oil town and get almost any job you apply for. They just gotta get Obama out of there and tear down some barriers to business. I sure hope the US isn’t permanently crippled economically.

  7. SCAR ?
    ARE WE THE FIRST SDA LOVE RELATIONSHIP???I MEAN WE COULD DO THE DRINKS THEN THE MOVIE AND DINNER THNG BUT WHY NOT SKIPTO THE CHASE AND GET DIRTY ON SDA ?????LOL ….you must live in Alberta .

  9. Fifty Years of Socialism’s bill’s have come due. A NYT’s article, 50% unemployment amongst the young, a great migration etc. Looks like some are doing as people have always done. Return to the farm, grow their own food, and hide their money. Canada’s Total Sovereign Debt including Provincial and Municipal Debt is around 4T, Canada’s GDP is 1.2T. Don’t need to be an economist to figure out what is coming. http://www.nytimes.com/2012/02/19/magazine/the-way-greeks-live-now.html?_r=1&smid=tw-nytimesbusiness&seid=auto

  10. As well wages are adjusting down. For workers over 50 who become re-employed over 50% are taking less money and double digit percentages. Less of a percentage and less severe for those between 40 and 50.
    At the end of the day, this wont play well politically. Obama and his crew will seek to take advantage of it by blaming others, when doesnt he do that. But reality is not pretty, and you can gin up all the fake stats you want, I suspect that this is going to bite Obama in Novemeber, why do I think this will come as a surprise to him personally.

  11. Obama’s slogan: looking to replace Hope and Change.
    http://www.reuters.com/article/2012/02/18/usa-campaign-obama-slogan-idUSL2E8DEDRP20120218
    Winning The Future. Greater Together. We Don’t Quit.
    They may not be official but those are all phrases that could in one form or another be candidates to become President Barack Obama’s re-election slogan.
    Advisers say a fresh slogan to replace the winning “Change we can believe in” mantra of 2008.
    His campaign posters now say simply, “Obama 2012.”
    –
    How about-
    Hope we would change.
    How you enjoying the change?
    Change in you pocket,
    maybe a job in your future.
    Add any changes here!________________________________________________

  14. Read the piece, including the last one “who are these people who can’t find jobs”. One common denominator appears. Most of them never consider relocation into a different Industry altogether. North Dakota is booming, with the Bakken oil fields. Then there is seasonal work, working for the farms. Nobody wants those jobs, so the busloads of Mexican migrant workers keep coming from Mexico. This is what happens when entitlements are too generous. It discourages citizens to be productive. Playing devil’s advocate, the economy crash started under Bush with a Democrat Congress. The contributing factors that lead to the crash, have been long in coming, under multiple administrations. Obama has exasperated the situation for sure with his Marxist policies, but lets put blame where it is due. I don’t hear calls for the heads of the Banking Industry who with there greed mucked the whole thing up. Then get bailed out with taxpayers money when things go wrong. Lets just keep things in perspective.

  15. Before hopping on a bus to North Dakota, check out the housing there. It is apparently very difficult to find anywhere to lay your head if you want to work there, given the numbers of people coming in.

  16. northermont
    All the blame in the world isn’t going to make the Occupy crowd grow a pair and take a job that they didn’t plan on. Yes, you are playing DA, but that fact of the matter is as you said, the entitlements are too rich, leaving the un/underemployed in their self-imposed stasis.
    Been there done that in the mid-80s. Should have kept working and left the UI behind, but it was good, easy money ($900/month, easy for a young guy to survive/party on), and I didn’t have to leave my safe confines instead of migrating to the booming areas of Alberta.
    The more things change, the more they stay the same.

  18. And when do you really expect to see the Unemployed rate go down in the US?
    After they pay off the 30 trillion debt?
    Maybe after all the productivity they sent off shore repatriates?
    Maybe when the Fed stabilizes the dollar’s value by killing quantitative easing (official counterfeiting) and contracts the bloated inflated money supply?
    Maybe when congress down-sizes government and passes the savings on to mid size business as tax relief – just before the flocks of unicorns fly back to DC.
    Or maybe after the Saviour Obama jets off to his palatial off shore digs the wall street robber baron class bought him for a job well done.

  21. The graph explains why the US is reporting lower unemployment. The USA does not include those who have been off work more than 52 weeks in the unempoyment stats. I don’t expect ABC, CBS, MSNBC, CNN etc to show this graph, they will report the lower unemployment and include a picture of O’Bummer.

  22. Mcdonalds and Walmart can always open a few thousand more stores and give Americans more jobs.
    If we up the immigration levels maybe we could bring in a few million more Chinese engineers to design some new store fronts and a few million more Mexicans to build them.
    It would give the unemployed and over qualified Americans some nice emotional feelings deep in their hearts because they are not only saving the third world one job at a time, but giving people jobs “that Americans won’t do”.

  23. I’m about 90% through a re-reading of the bible of “austrian” (von Mises uses the quotation marks himself) economics, Human Action.
    I was a bit worried that a comment I’ve repeated here many times may have been a figment of my excitable imagination.
    NOPE. “In the unhampered economy, all unemployment is voluntary”.
    Most of them never consider relocation into a different Industry altogether. North Dakota is booming, with the Bakken oil fields.
    Posted by: northernont at February 19, 2012 10:04 AM
    Ludwig von Mises would agree northernont and supply dozens of additional points to demonstrate that involutary employment is caused by institutional barriers/restrictions/regulations.

  24. … and, he explains that “pro-labour” legislation is anything but. That at BEST, it’s neutral (the improvements occurred due to capital-inducing increases in labour productivity in the free market economy, not due to “pro labour” legislation).
    It’s an entirely avoidable human tragedy.

  27. The scary thing about this chart is that after each recession since 1970, the number of people unemployed for more than a year plateaus at a higher figure than the previous recession. Extrapolating – always a mug’s game, I know – the chart leads one to believe that even after the next recovery (we are going to get one, right?), somewhere between 15-20% of the unemployed will have been without work for over a year.
    When that many people are sitting at home, stressed out about how to pay their bills, faced with losing everything, desperate for any kind of work, we’re going to see a storm of anger that makes the OWS crowd look like the wimps they were. Crank up The Who’s “Don’t get fooled again” and give it a real listen. It’s coming.

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