Question About U.S. Unemployment

[moneymike59]

Outside of the stimulus package and extending unemployment benefits, what is the government doing to get us out of this recession? Like what other solutions have they come up with?

 

[the fame]

Recession?

 

[OLD SCHOOL]

It's not the government's job to get us out of a recession.

 

[nawth21]

Tax cuts to local businesses to try and create new/more jobs.

 

[rsdplaya]

TIME...actions take TIME!

 

[mr delorean]

the obama administration has just been throwing taxpayer money at the problem to keep the bubble artificially afloat. when arms reset and foreclosures top out, the second crash will likely be as bad, if not worse, than the first.

 

[cruthik3]

Raise taxes to pay the debt. They're running out of options. Save that for after November elections though.

 

[dwyanewadeog]

the obama administration has just been throwing taxpayer money atthe problem to keep the bubble artificially afloat. when arms reset andforeclosures top out, the second crash will likely be as bad, if notworse, than the first.

this

 

[jc08]

Originally Posted by mr delorean

the obama administration has just been throwing taxpayer money at the problem to keep the bubble artificially afloat. when arms reset and foreclosures top out, the second crash will likely be as bad, if not worse, than the first.

This and when the US's interest payments as proportion of government revenue(essentially the government's interest coverage ratio) is greater than 10%, it's at roughly 4.5-5% now. Also when the majority of government notes, bonds and t-bills expire within 5 years, I predict that the yields will shoot up dramatically because investors will want to see higher returns associated with greater risk that the US government may default or partially default through inflating away its debt problems ala Greece today. In return the interest rates for all types of consumer and business loans will increase and cause massive capital structure de-leveraging in industry cutting into profit margins, again. This and the US will eventually need to raise taxes or decrease government spending. The former is more likely.

The aging demographic of the US coupled with problems funding public/private pensions, social security and healthcare will be a big drag on economic growth in the US for years to come. The government cannot keep propping up economy when there is no real economic growth via private consumption, investments, exports and increased productivity.

 

[swizzc]

Originally Posted by JC08

Originally Posted by mr delorean

the obama administration has just been throwing taxpayer money at the problem to keep the bubble artificially afloat. when arms reset and foreclosures top out, the second crash will likely be as bad, if not worse, than the first.

This and when the US's interest payments as proportion of government revenue(essentially the government's interest coverage ratio) is greater than 10%, it's at roughly 4.5-5% now. Also when the majority of government notes, bonds and t-bills expire within 5 years, I predict that the yields will shoot up dramatically because investors will want to see higher returns associated with greater risk that the US government may default or partially default through inflating away its debt problems ala Greece today. In return the interest rates for all types of consumer and business loans will increase and cause massive capital structure de-leveraging in industry cutting into profit margins, again. This and the US will eventually need to raise taxes or decrease government spending. The former is more likely.

The aging demographic of the US coupled with problems funding public/private pensions, social security and healthcare will be a big drag on economic growth in the US for years to come. The government cannot keep propping up economy when there is no real economic growth via private consumption, investments, exports and increased productivity.

Some smart posters here.  Wish the rest of NT was the same way.

 

[justscoreda100]

Originally Posted by OLD SCHOOL

It's not the government's job to get us out of a recession.

It's sad that more people don't think like this.

 

[essential1]

Economy with Stimulus Package > Economy without stimulus...


I could go through 100's of things they have done..


But the biggest problem they have had with the economy is financial side.. REFORM REFORM REFORM.... They are ignoring reform and key regulation of the financial sector..

 

[balloonoboy]

Damn, maybe I should be happy I have a job.

Still hate it though.