Its not stupidity, just greed. With the Commodities and Futures Modernazation Act passed by the War Shrub and Republican Congress Wall Street can make money off of anyone’s debt. As the Daily Reckoning puts it, “They’re not aiding the process of capital formation nor allocating capital in ways that will result in new jobs and new industries. Instead, they are refinancing old debts…and speculating on zombie assets. This will not increase the real wealth of the planet.”
I question your source and the claim as you pasted “until they run out of unemployment benefits…and then the statisticians in Washington drop them off the unemployment rolls”. That nuts – and can not possibly be true.“Some people think that to get these figures on unemployment, the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.”
http://www.bls.gov/cps/cps_htgm.htm
Point is – We need to stop playing the Blame Game and come up with a real solution Together before it is too late. As master said – The future is now!
200,000 miles is a “near miss”, but notable the “Republican candidates” want to eliminate the spending that pays for such tracking and early warning. Hmmmm.
I don’t really care to debate you (surprised I am even bothering to respond) because we all agree that JOBs in this country are disappearing and we all probably agree on most of the real WHYs. It’s just too bad loyalist are too blind to see that. I also agree that historical data should be researched and documented (by historians and economists) – not ignored – to truly identify the core sources (that’s plural) of the issues to apply lessons learned for future generations (like my personal favorite… Gee – get the freaking power money out of politics) – But closing your mind to one sided opinions and playing the childish blame game on a cartoon blog (Bush, Obama, Bush, Obama and etc…) is not going to resolve a dang thing. Because the way the system works – by design – the “solution” will HAVE to be together in the middle with consideration of all sides weighed and anyalized – hopefully sooner versus later as some would prefer. The future is now. But with all that said – It’s still absurd to think that common sense and science are not applied to the official Unemployment Rate calculations – not discussing unemployment insurance claims. According to the U. S. Department of Labor there is an exact formula. Strict rules are applied – for consistency. That’s how mathematical rates are measured – otherwise they’re useless.
d_legendary1 over 12 years ago
Its not stupidity, just greed. With the Commodities and Futures Modernazation Act passed by the War Shrub and Republican Congress Wall Street can make money off of anyone’s debt. As the Daily Reckoning puts it, “They’re not aiding the process of capital formation nor allocating capital in ways that will result in new jobs and new industries. Instead, they are refinancing old debts…and speculating on zombie assets. This will not increase the real wealth of the planet.”
monkeybuttons over 12 years ago
Sorry, off the topic of the comments, but…
clapping for Tom Toles As a scientist I find this comic really funny. And spot on.
monkeybuttons over 12 years ago
Oops! Didn’t realize the asterisks made something bold. Sorry everyone.
MaeRiot over 12 years ago
I question your source and the claim as you pasted “until they run out of unemployment benefits…and then the statisticians in Washington drop them off the unemployment rolls”. That nuts – and can not possibly be true.“Some people think that to get these figures on unemployment, the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.”
http://www.bls.gov/cps/cps_htgm.htm
Point is – We need to stop playing the Blame Game and come up with a real solution Together before it is too late. As master said – The future is now!
Dtroutma over 12 years ago
200,000 miles is a “near miss”, but notable the “Republican candidates” want to eliminate the spending that pays for such tracking and early warning. Hmmmm.
Fuzzy Thinker Premium Member over 12 years ago
“and the 1% can keep all the profits” and half of them pay ZERO Income Taxes.
Fuzzy Thinker Premium Member over 12 years ago
“someone else could take care of it in the future” WELL SAID!!
alex Coke Premium Member over 12 years ago
Funny comic
MaeRiot over 12 years ago
I don’t really care to debate you (surprised I am even bothering to respond) because we all agree that JOBs in this country are disappearing and we all probably agree on most of the real WHYs. It’s just too bad loyalist are too blind to see that. I also agree that historical data should be researched and documented (by historians and economists) – not ignored – to truly identify the core sources (that’s plural) of the issues to apply lessons learned for future generations (like my personal favorite… Gee – get the freaking power money out of politics) – But closing your mind to one sided opinions and playing the childish blame game on a cartoon blog (Bush, Obama, Bush, Obama and etc…) is not going to resolve a dang thing. Because the way the system works – by design – the “solution” will HAVE to be together in the middle with consideration of all sides weighed and anyalized – hopefully sooner versus later as some would prefer. The future is now. But with all that said – It’s still absurd to think that common sense and science are not applied to the official Unemployment Rate calculations – not discussing unemployment insurance claims. According to the U. S. Department of Labor there is an exact formula. Strict rules are applied – for consistency. That’s how mathematical rates are measured – otherwise they’re useless.