Mike Lester by Mike Lester

Mike Lester

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  1. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    Unfortunately there is some credibility to the implication of this cartoon. We have a hard line group of structurally unemployed that have been out of work for over a year and many have given up looking. There are increasing numbers trying to collect S.S. disability, welfare and whatever kind of “aid” they can. Blame whoever you want but the congressional and executive branches of our government are presiding over the longest, slowest and weakest recovery from a recession since W.W. 2.


    I was studying Bloombergs business website comparing charts for industrial production, manufacturing, and business inventory changes. It is sideways for the last year. Consumer credit numbers, consumer sentiment and retail sales show the same sideways trend with a slight upward bend, very slight. The Federal Reserve is pumping billions of dollars into the economy buying our own treasury bonds, inflating the currency markets in hopes of stimulating borrowing and growth. Wall St. has profited greatly from all the cheap money but very few others.


    Business leaders say until ObamaCare is implemented and financial regulations are better defined they aren’t spending money to buy capital equipment or expand unless it is out of necessity. Uncertainty is still the order of the day.

  2. ConserveGov

    ConserveGov said, over 1 year ago

    Even Barry’s Jobs Czar is out of work.

  3. mikefive

    mikefive said, over 1 year ago

    @mickey1339

    Another chart you might want to look at is a chart of the depression. It’s somewhat similar to what you describe at Bloombergs. That chart also shows that in 1937 when they instituted tax hikes and spending cuts that we had a recession in the midst of the slow recovery of the depression. Whether history will repeat itself because of current government action is yet to be seen, but the January report showing unemployment up and the GDP down is certainly not encouraging. Hopefully it’s just a blip on the recovery.

  4. jonesb

    jonesb said, over 1 year ago

    Dream on.

  5. Rockngolfer

    Rockngolfer said, over 1 year ago

    I am “involuntarily retired” and just collected my first SS money 3 weeks ago. Thanks, W.

  6. MortyForTyrant

    MortyForTyrant said, over 1 year ago

    @mikefive

    It is widely agreed that FDR prolonged the depression by putting the foot off the gas in terms of stimulus (but then was able to correct that problem with the help of one Adolf Hitler and some dude in Japan).

    -

    Concerning today: who is constantly calling for austerity, who is running on the platform of “The debt is too darn high!”, who is warning that hyper-inflation is just around the corner? The Right. Why are they doing it? To put one over the President! These guys don’t give a eff if the U.S. economy collapses as long as they can blame it on the black guy…

  7. Chillbilly

    Chillbilly said, over 1 year ago

    A stunningly ignorant take on employment.
    .
    Automation, lower tax rates on unearned income and a lack of demand in the economy are the reasons we’re suffering from high unemployment.
    .
    This is precisely the time when GOVERNMENT SHOULD BE CREATING GOVERNMENT JOBS.
    .
    But in America, we’ll get around to that after we settle the whole gun rights thing. Must keep priorities straight.

  8. mikefive

    mikefive said, over 1 year ago

    @MortyForTyrant

    You forgot to include the second half of the equation in your post, that being tax increases. Perhaps, back then, that recession within the depression wouldn’t have occurred if they hadn’t done both tax increases AND budget cuts. We either haven’t learned from history or are hoping that doing the same thing now will work. Or, rather than go through the trouble of explaining history to their respective constituencies, they pander to the preconceptions of the unknowing. The Republicans gave the Democrats their tax increase and the Democrats are to reciprocate by giving the Republicans their budget cuts. Both parties can now return to their body politic and say to that body that they fought for their respective beliefs even though those parties knew they were possibly doing the wrong thing. Politics before problem solving.

  9. mikefive

    mikefive said, over 1 year ago

    @Chillbilly

    Government jobs are predicated on a tax base that can afford to pay for those jobs. When you raise taxes continually, some of that base can no longer afford to function and closes its doors. No more payroll tax paid. No more sales tax collected. No more property tax collected. No more excise tax collected. So the government hires more people and raises taxes to pay for the new hires. Loop to the start of this post until the whole thing collapses of its own weight and the government can no longer make payroll because payroll is now exceeding revenue.

  10. Harleyquinn

    Harleyquinn GoComics PRO Member said, over 1 year ago

    but but if we spend all this money right now we should not see unemployment go above 8% right? that is what we where promised. And Where are the magic green job? Obama promised magic green jobs!

  11. lonecat

    lonecat said, over 1 year ago

    @Chillbilly

    This is one of the few interesting and intelligent posts I’ve seen on the topic. We need to have a real discussion of what kinds of jobs make sense in the new context of highly developed technology and threats to the environment. We’re in the middle — or perhaps in the early stages — of a major economic transformation, and the economic downturn happened to hit at the same time. So it’s all a complicated question without simple and obvious answers.

  12. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    @Chillbilly

    “lower tax rates on unearned income”
    *
    I can see your other two reasons clearly but tax rates? Please explain that if you would.
    Thanks,
    M

  13. Kylie2112

    Kylie2112 said, over 1 year ago

    @Chillbilly

    But the Republicans don’t want to improve our D-rated infrastructure!

  14. indieme

    indieme GoComics PRO Member said, over 1 year ago

    Better than loosing 750,000 jobs a month under that criminal nincompoop Bush.

  15. dtroutma

    dtroutma GoComics PRO Member said, over 1 year ago

    I’m just wondering why folks don’t realize this is actually the Fox News room writers.

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