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Thread: Harry Reid: Only 36,000 Lost Their Jobs Today

  1. #1

    Harry Reid: Only 36,000 Lost Their Jobs Today



    please note the results of the stimulus program
    On a national level there have been 29,585,530,744.00 USD spent on 26285 contracts creating 32,694.89 jobs which comes down to 1,125,567.08 U.S.D. per job.

    2,648,434.00 USD Stimulus Created 1.14 Jobs | My Loans Consolidated

    It has created less jobs than have been lost on that particular day
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  2. #2
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    The $800 billion stimilus bill isn't working. You really need to ask yourself how do we spend $800 billion on a stimilus bill and 6 months later Congress passes a $147 billion jobs bill.

    What Obama, Reid and Pelosi don't understand is that stimulus isn't spending. They just don't get it.

    Stimulus isn't to create jobs. In order to stimulate the economy you need to build the infrastructure so that private jobs are created.

    During the Great Depression, the George Washington Bridge, Lincoln Tunnel, Hoover Dam etc were constructed and 80 years later the infrastructure is still in use. The current stimulus spending is digging us into a deaper hole with no way to pay the money back.

  3. #3
    Quote Originally Posted by bogart View Post
    The $800 billion stimilus bill isn't working. You really need to ask yourself how do we spend $800 billion on a stimilus bill and 6 months later Congress passes a $147 billion jobs bill.

    What Obama, Reid and Pelosi don't understand is that stimulus isn't spending. They just don't get it.

    Stimulus isn't to create jobs. In order to stimulate the economy you need to build the infrastructure so that private jobs are created.

    During the Great Depression, the George Washington Bridge, Lincoln Tunnel, Hoover Dam etc were constructed and 80 years later the infrastructure is still in use. The current stimulus spending is digging us into a deaper hole with no way to pay the money back.
    Well, Americans will now switch gears from hope to "what else do we have to have hope in"? Sad to watch. I knew it would happen and many others did. But now we are facing the worst and it appears that people are less likely to learn their lesson and more likely looking for a new leader. After this mess, any leader will do ... and that scares me the most.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

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    Quote Originally Posted by firetown View Post
    Well, Americans will now switch gears from hope to "what else do we have to have hope in"? Sad to watch. I knew it would happen and many others did. But now we are facing the worst and it appears that people are less likely to learn their lesson and more likely looking for a new leader. After this mess, any leader will do ... and that scares me the most.
    Things aren't as bad as the the double dip recessions of 1980 and 1981-82. It not so much as what has happened but what may happen senario.

    A new leader isn't going to solve the problem that the US spends more than it consumes. Barry Obama spoke on the problem in the State of the Union address saying that he plans to double exports during the next five years. My question is how Obama plans to double exports?

    Harry Reid is both partisian and is considered unreliable politically and Nancy Pelosi is a Californian ultra-liberal. So don't expect any solutions coming out of Congress.

    People are going to have to start taking more responsibility for their lives. They will need to either work more and harder or cut back on consumption.

    Back in the 1950s the average middle class person was able to buy a 3 bedroom home in the suburds. But they didn't own 5 tvs, cell phones, cable tv, credit cards and 3 cars etc

  5. #5
    I think you're right that the consumption part needs to be taken seriously by all individuals. Until recently there was the spirit of expansion with no end. Buy, lease, work hard, play hard, it will be ok.
    Now it's time for responsibility. faith in tomorrow is not granted. Also I do not recommend putting faith in our currency and stocks or anything that has to do with speculation unless of course you really know what you're doing.

    defeat credit, build life.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

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    Quote Originally Posted by firetown View Post
    I think you're right that the consumption part needs to be taken seriously by all individuals. Until recently there was the spirit of expansion with no end. Buy, lease, work hard, play hard, it will be ok.
    Now it's time for responsibility. faith in tomorrow is not granted. Also I do not recommend putting faith in our currency and stocks or anything that has to do with speculation unless of course you really know what you're doing.

    defeat credit, build life.
    Credit used to be for buying a house or major purchases. It's getting to the point of craziness when people are taking out payday loans to get their pay a few days early. Basically, the people borrowing for their living expenses are living in front of their paychecks.

    I've noticed that in rural areas that have high unemployment, there's a lot of land idle. Even the people have their houses on big lots where they could grow a sizeable garden. Yet the people depend on food banks to eat.

    During WW2 the government encouraged "Victory Gardens". You would be suprised with the amount of food that could be produced in a small garden. During the days of communism, the Soviets gave each peasant family a small plot of land to grow a garden. The gardens got to the point where they were producing 90% of the fresh vegtables in the former Soviet Union.

    Even in the suburbs, people could plant sizeable gardens and at least have some self reliance.

    South of the border apart from the big cities every family has some chickens and at least some platanos and yucca growing in their backyard. If there is no money coming in they can eat the chickens and harvest what they have growing.

    Without an unemployment check many families won't eat. But we are now facing a jobless situation where some people have been collecting unemployment for almost three years. Going forward how does the government continue funding the unemployment when the big states unemployment funds are broke?

  7. #7
    Quote Originally Posted by bogart View Post

    I've noticed that in rural areas that have high unemployment, there's a lot of land idle. Even the people have their houses on big lots where they could grow a sizeable garden. Yet the people depend on food banks to eat.
    I call it "trained helplessness". We are being up sold into a standard of living not justifiable by our real means, present and future.

    The same mentality and the system of borrowing and investing has benefited us greatly in becoming a business driven society leading the world in innovation.

    But with that we have become so detached from our very own reality and our very own limits that we cannot understand the difference between economical slavery and optimism.

    First step IMO for every American would be to assess the real value of their household before making any sort of financial decision. It's easier to be optimistic and go full speed ahead, but at this point and time we need to be realistic and stop the banks from profiting at our expense.

    And again: The Federal Reserve IMO is the scam of the century and with it the smaller banks are being bought and a nation controlled by a privately owned and centralized banking system will be unavoidable if we continue down this road.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

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    Quote Originally Posted by firetown View Post
    I call it "trained helplessness". We are being up sold into a standard of living not justifiable by our real means, present and future.

    The same mentality and the system of borrowing and investing has benefited us greatly in becoming a business driven society leading the world in innovation.
    People have financed their lifestyles and retirement over the last 30 years. Not with work but the profits from a stock and housing bubble.

    The system can be sustained. Social Security is in the red. $2 trillion a year deficits. The States are broke. Government spending is growing. Pension funds are underfunded. The list goes on and on.

    People feel entitled. There just isn't the money to pay for the $50 trillion in unfunded entitlements.

    Quote Originally Posted by firetown View Post
    First step IMO for every American would be to assess the real value of their household before making any sort of financial decision. It's easier to be optimistic and go full speed ahead, but at this point and time we need to be realistic and stop the banks from profiting at our expense.
    Most of household wealth are homes and stocks. A stock market crash and further declines in home values could wipe out a lot of people.

    Quote Originally Posted by firetown View Post
    And again: The Federal Reserve IMO is the scam of the century and with it the smaller banks are being bought and a nation controlled by a privately owned and centralized banking system will be unavoidable if we continue down this road.
    Idaho has a bill that proposes to accept silver to pay taxes and to be used a currency.

    Idaho bill permits state taxes be paid with silver - Forbes.com

  9. #9
    Basically what we are talking about is government interference with which otherwise would be a truly free market. But then again, I am starting to ask myself whether or not a truly free market would ever be able to function as intended. There will always be an elite rising and infiltration the governing forces. Socialism of course is just the same way as people are so eager to follow someone they believe in who in return can easily be controlled by money from those who act from behind the scenes benefiting from every monetary transaction made in the nation.

    In other words: The stock market, the man made currencies and the determination of their value leaves so many doors open for manipulation and eventually it leads to despair on the parts of those who gave up control to the ones who won their trust through intelligent campaigning.

    Silver and gold no matter what anybody says are what is going to be stable. When has there ever been a real inflation on those?

    It has really opened my eyes to spend years in Costa Rica, the world's happiest place when it comes to what makes people happy.

    It's not the riches or the power. It's the lack of worries.

    Costa Rica may live on a small budget compared to America, but people are virtually debt free. You have what you can pay for. It's life back to the more basics.

    American lives may be elevated, but in part artificially. Many are hanging way up high but on a thin thread.

    Psychologically speaking it's enslavement. Economical terror so to speak.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  10. #10
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    Quote Originally Posted by firetown View Post
    It has really opened my eyes to spend years in Costa Rica, the world's happiest place when it comes to what makes people happy.
    It's not the riches or the power. It's the lack of worries.
    Costa Rica may live on a small budget compared to America, but people are virtually debt free. You have what you can pay for. It's life back to the more basics.
    One thing that I noticed South of the Border is the underground banking system. People pawn their houses and land for high interest loans. Many times they end up losing everything.

    Quote Originally Posted by firetown View Post
    American lives may be elevated, but in part artificially. Many are hanging way up high but on a thin thread.
    The US standard of living can not be sustained. The Federal Government is collecting $0.50 for every $1 spent.

    Quote Originally Posted by firetown View Post
    Psychologically speaking it's enslavement. Economical terror so to speak..
    The American is a slave to their own overconsumption. The average European pays much more taxes but has a lot more money saved.

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