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USA slowly turns into unemployed nation
english.pravda.ru — The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.Weighed down by energy prices and the housing crisis, employers laid off workers in stores, factories and forsaken building sites.
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- victoryv, on 07/06/2008, -24/+34Hope usa recovers soon. :-). if usa is effected then many countries in world are effected.so, i wish it recovers soon.
http://webfathom.blogspot.com/2008/07/tech-compani ...- norman619, on 07/06/2008, -23/+8Funny. You are being dugg down imply becasue you are not blindly slamming the US as so many diggers here seem to love to do.
- prophetpimp, on 07/06/2008, -0/+6He was getting dugg down because of the stupid blogspot link.
- Rikkochet, on 07/06/2008, -0/+7He's a spammer. They do this to every front page story and most of the upcoming. They post some random comment that's vaguely positive and then a spam link.
"Haha, that pic was hilarious!" or
"Youch! Glad that wasn't me! :-D"
- dildoolielly, on 07/06/2008, -7/+21During the elections, I talked with one of my elderly neighbors and tried to persuade her not to vote for Bush. She said, "I don't care, I am just so disgusted at the thought of those gays getting married, there's nothing that would make me not vote for Bush."
A couple of days ago, she was complaining about the rise of her insurance costs, prescription costs, gas pricess and that her son's job was outsourced and he was in foreclosure and now bankruptcy because he couldn't sell his home. I looked at her and said, "Well, I'm sure the fact that gays can't marry makes it all worth it."
She just looked at me, went into the house and slammed the door!
I'm glad the old bitch got what was coming to her as will a lot of other fvckers that thought stopping queers from getting married was more important than getting that stupid prick out of the White House!
Never forget who supported this complete failure in the Whitehouse, don't let them distance themselves from him. Whining about Libs and Dems, Clinton and Obama's pastor and gay sex, while offering nothing of substance - and most notably - no defense for the lying little sack of ***** from Texas they shackled us with!
America's enemy is the idiot who IGNORED that Bush lied to us about Iraq, IGNORED that Bush defends treason, IGNORED that Bush was asleep at the wheel on 9/11, IGNORED that Bush had already blundered our war effort in Iraq, IGNORED that Bush still tries to link Iraq and 911, IGNORED that Bush was going to run amok with our Constitution, IGNORED his continued policy that fuels extremist groups and floods intelligence agencies with "false positives" from illegal wiretapping operations—among other things and still voted to re-elect this miserable failure.
The enemy from within has perpetuated this death and devastation. Don't forget it.
It is because of a bush voter that the country is in the atrocious position it is in today.- unreg, on 07/06/2008, -8/+3
While Bush bears some responsibility for the state of our nation, the bigger culprits are our representatives in Congress.
I'm sure once you move out from Moms house you'll gain a better perspective. - lensman00, on 07/06/2008, -0/+8That's weird, your neighbor did that back in May, too:
http://digg.com/politics/Breaking_California_Court ...
Whoa! Way back in December '07 as well:
http://digg.com/politics/More_gay_men_describe_sex ...
You must have some sort of "Groundhog Day" type neighborhood. - BlackBob, on 07/06/2008, -0/+3She probably has Alzheimer's.
- unreg, on 07/06/2008, -8/+3
- BedPost, on 07/06/2008, -1/+7affected*
- oxymoron69, on 07/06/2008, -0/+1It's not just the USA, the situation here in Canada is starting to get ***** by the day :-(
- norman619, on 07/06/2008, -23/+8Funny. You are being dugg down imply becasue you are not blindly slamming the US as so many diggers here seem to love to do.
- paperhat, on 07/06/2008, -11/+77Russia's unemployment rate is 12% higher than America's, but Pravda isn't worried about what is happening in their own country. They are more concerned about America. How selfless of them.
- norman619, on 07/06/2008, -2/+23I've spent some time in Russia and find it funny how Pravda means "the Truth" yet the truth is mysteriously absent from their pages. It is called propaganda.
- flogistan, on 07/06/2008, -7/+8Pravda is almost EXACTLY like fox news if you read it.
- norman619, on 07/06/2008, -11/+3A more ignorant reply I have yet to see. If you bothered to get your ignroant butt out of the US and visit places like Russia you'd understand why your comment is so stupid.
- flogistan, on 07/06/2008, -7/+3How urbane of you. Don't you have a thought in your dick head that makes a little more sense than that nothing of a meaningless line about how well traveled and knowledgeable you are, but with no argument after that? You could go to the moon, and you'd still be a numb nuts jerk off *****.
- janielou, on 07/06/2008, -2/+4propaganda for sure, they learned it from American MSM.
- jcm267, on 07/06/2008, -15/+31It's anti-American, so of course digg users dugg this to the front page. These are the same people who whine about "faux news".
I'm burying this as spam. ***** Pravda.- norman619, on 07/06/2008, -8/+19It's hip to hate on the US.
- flogistan, on 07/06/2008, -7/+5These comments assume... somehow, that it's "hip" as if we've done nothing wrong... it's just hip. How very straussian of you to see that it's hip to hate the US. What else could it be?
- kaelyiesta, on 07/06/2008, -1/+2Is it spam? Doesn't seem to fit the criteria to me. Lame would be acceptable, seeing as its ones own opinion, but spam?
- devophl, on 07/06/2008, -2/+5Of course, if you take out all the adjustments that have been made to the US unemployment rate over the last 25, the US unemployment rate would be over 10% today. Since Reagan and Greenspan started tweaking the numbers of unemployment and inflation back in 1982 to make the US economy look rosier and further tweak during the Clinton administration, you can't take the US unemployment number seriously any more. If you use the formula prior to Reagan, I heard our unemployment rate would be about 10.5% today.
- prahareturns, on 07/06/2008, -0/+0Yes, the current measurements are flawed but so is the logic used to reach the "10.5%". Most of these very high unemployment fiigures include the US prison population of approximately 2.2million. They also include part-time works based on assumptions that they desire full-time work.
The one area of high contention with current unemployment calculations are "discouraged workers" who are not working and are not actively seeking work. These are people who can work but chose not to work. If US businesses are fighting illegal immigration laws due to resoruce constraints then we have jobs which could be filled by "discouraged workers" if they truely wanted to work.
- prahareturns, on 07/06/2008, -0/+0Yes, the current measurements are flawed but so is the logic used to reach the "10.5%". Most of these very high unemployment fiigures include the US prison population of approximately 2.2million. They also include part-time works based on assumptions that they desire full-time work.
- grozny, on 07/06/2008, -4/+4>Russia's unemployment rate is 12%
that's BS - where did you get it - in that 'free media' garbage cans of yours?
It's more like 6%. - homercles337, on 07/06/2008, -5/+3Wow, the only two guys here that are showing the truth are being dug down. I dont understand the bots of this place at all. Nonetheless, i will say it again: Russia's unemployment rate is 6.2%. This according to the CIA. https://www.cia.gov/library/publications/the-world ... God, i hate you stupid, intentionally ignorant, right wing assholes.
- paperhat, on 07/06/2008, -1/+3That's right. Russia's unemployment rate is 6.2%; America's is 5.5% according to this article. 6.2% is approximately 12% higher than 5.5%. Now that you've called me on it, I plugged it into a calculator and discovered 12.7% is more precise. This should help you with the math. http://tinyurl.com/5oeave
- norman619, on 07/06/2008, -2/+23I've spent some time in Russia and find it funny how Pravda means "the Truth" yet the truth is mysteriously absent from their pages. It is called propaganda.
- myviny, on 07/06/2008, -14/+0People becoming unemplyed in USA is something strange for readers. I was surprised when I read the article. THis increasing unemployment may be because cheap workers are available in China ad India. And I hv read at many places that In USA most of the talent is outsourced. So, may be USA never recovers from the crisis. I also acknowledge Paperhat's sentiments. He must be American.
Read a post here which deals with the same matter(US Economy falling). This post also analyses the chances of USA recovering from the present crisis. url is http://myvinyots.blogspot.com/2008/07/sun-is-setti ...- sgiffy, on 07/06/2008, -2/+9Unemployment has gone up before, we have recessions before, there is no reason to suppose that this is somehow catastrophic.
- AchaIemoipas, on 07/06/2008, -4/+4You've never had most of your industries in other countries before.
You've never had so much money leaving the economy and never coming back: the only thing american about the entire american manufacturing industry is the consumer.
You've never really had to compete with three quarters of the planet before.
You've never suffered a recession while occupying two countries before, going on a third.
America has never been in this situation because it's entirely caused by new policies. And it's everybody's fault. The government (both reps and dems), capitalist economic theory (part-time everything, no need to raise salaries, unions, basically every accepted theory since the 70's), consumers who choose to buy crap made in the third world, corporations outsourcing everything, even the fact that other countries are developping.
It's all new. It will come to a point where you'll go back to an isolationist economy. But that will require a regime change. Because the current one (again, both dems and reps) are aiming for a single word economy with a single currency. - sgiffy, on 07/06/2008, -4/+6The low rates on bonds somewhat belies the idea that money is not coming back. The US is also still one of the largest manufactures in the world, and we produce a fair bit of information goods such as software. We are also a top destination for outsource for things like IT management. The dollar while weak, is still the worlds reserve currency. We spend more per capital on R&D then almost every other country and more outright then any. We are among the most educated people on the planet and our universities educate the world.
And while we not have had a recession during two wars, we did have one at the tail end of Vietnam, which involved many more troops then Iraq and Afghanistan combined. Hell in there was years of zero growth and high, at least for us, inflation. If bonds break 6 or 7% inflation tops 10 and growth shrinks for a couple years then we can start talking about a serious problem.
I am not going to deny that there are problems. Your right on the problems with a shrinking middle class and outsources. But both are not nearly as extreme enough to bring down the economy. These things are cyclical. In the 80's the fear was mergers leading to only one company on the planet. That trend reversed in many industries in the 90's.
Going to an isolationist economy would be the worst thing we could do. The economy of the world is linked and has been for about a 100 years. The last time we responded to an economic downturn with protectionism, a rather severe depression followed. And no one is seriously pushing for one world currency. Internet tin-foil hatting not withstanding. - AchaIemoipas, on 07/06/2008, -3/+2Oh I'm not saying you'll switch to isolationism by choice, but by necessity.
There seems to be a neverending and unlimited exodus of the economy from America towards the world and to a clear detriment of the american economy, such has the dollar losing 40% of its value in only 5 years.
Like you said, it's all cyclical. America has always been like that, 10 years of religious conversationism led to the sexual revolution, which led to a return of religious conservatism. It's the same for the economy. It'll have to go in the other direction for you guys to reach a middle ground. Like the way you seem to be returning to a more capitalist economy than before. Corporations do everything to bypass unions, they try to separate hours between a great number of people to prevent raising salaries, etc. The pendulum will eventually swing back again. People will eventually start to choose and promote "made in america" again, just like they all choose "made cheap" today.
"And no one is seriously pushing for one world currency."
Aside for the Federal Reserve, the WTO, the G8 and the Single Global Currency Association.
http://www.singleglobalcurrency.org/
http://www.iht.com/articles/2000/01/31/edpaul.2.t_ ...
http://www.onecountry.org/e104/e10402as.htm
http://www.ecommercetimes.com/story/58347.html?wel ...
http://www.wto.org/english/news_e/sprr_e/ital_e.ht ...
http://www.wto.org/english/news_e/sprr_e/110199_e. ...
http://www.wto.org/english/news_e/pres98_e/pr113_e ...
http://findarticles.com/p/articles/mi_qa5423/is_20 ... - norman619, on 07/06/2008, -0/+5AchaIemoipas:
"You've never had most of your industries in other countries before.
You've never had so much money leaving the economy and never coming back: the only thing american about the entire american manufacturing industry is the consumer.
You've never really had to compete with three quarters of the planet before.
You've never suffered a recession while occupying two countries before, going on a third.
America has never been in this situation because it's entirely caused by new policies. And it's everybody's fault."
LOL!!! Looks like someone hasn't been paying much attention. The US hasn't been a manufacturing nation for a LONG time. It is not a recent thing. We have been a consumer nation for a long long time. We are a service-based economy. - sgiffy, on 07/06/2008, -1/+1AchaIemoipas: I read a few of those and while they talk about a more interconnected world, and the need for new ways of conceiving of trade and economics, they do not even mention currency. But ok, there are some people suggesting it, but there is no strong move toward it, nor any real desire to do so. At this point is just a hypothetical option suggested by some. No one in power is pushing for it, and its going to take a lot more then a couple editorials to get something that dramatic accomplished.
The Euro was first seriously suggested in the 1920's and it took until the early 90's to get agreement to implement it, and then another decade for it to become a reality. And that's between countries who are probably the most interdependent in the world. - unreg, on 07/06/2008, -0/+15% unemployment is hardly something to get in a twist over. I recall back in the late 70's / early 80's, that level of UE was the expected norm, the churn of the system.
- AchaIemoipas, on 07/06/2008, -4/+4You've never had most of your industries in other countries before.
- sgiffy, on 07/06/2008, -2/+9Unemployment has gone up before, we have recessions before, there is no reason to suppose that this is somehow catastrophic.
- sgiffy, on 07/06/2008, -8/+48Our employment rate is still reasonably low. Now Russia's on the other hand.
- mrg14x, on 07/06/2008, -16/+3will only get worse with this angry uninformed man running things.
http://www.ydito.com/showchannelimages/?PicNumber= ...
Anyone that thinks energy and oil is the root of everything bad essentially is a caveman - flavioribeiro, on 07/06/2008, -25/+19Don't worry, guys. Soon enough you'll all have jobs in the armed forces.
- scoottie, on 07/06/2008, -14/+1thats cool i have a degree so i wont be on the front lines
- crapmatic, on 07/06/2008, -1/+8Tell that to the lieutenants leading their troops into the bush in Nam.
- blanketfury, on 07/06/2008, -3/+3Yale Degree + Skull and Bones membership = rear with the gear VIP pass
- scoottie, on 07/06/2008, -14/+1thats cool i have a degree so i wont be on the front lines
- kineticworm, on 07/06/2008, -10/+2http://digg.com/political_opinion/The_Revolution_b ...
- whiterice0, on 07/06/2008, -8/+43Can you say "HYPE"? Economic downturns happen every decade, sometimes more. And, it seems, everytime, you've got chickens crying that the sky is falling.
- BotchaMcCoola, on 07/06/2008, -3/+6The sky seems ok but my mutual funds are falling fast in dollar
value even before the devaluation. My real estate values are surging
down along with savings and interest incomes. Don’t you think the
squandering of trillions on less than useless militarism is largely to
blame?Best estimates are around $1-3 trillion in outlays and
future obligations.The chicken Hawks like Bush are to blame – confusing
a diabolical terrorist crime as a military attack. Weak-kneed
and weak-brained incompetent leaders have brought us to this.- twomeyw23334, on 07/06/2008, -1/+7So you bought overpriced real-estate and have money in poorly performing mutual funds.... DAMN BUSH!!!!!
- twomeyw23334, on 07/06/2008, -2/+0oops
- kd7tck, on 07/06/2008, -2/+2The last time this kind of a downturn happened was during 02' please keep in mind this was not a good thing. Downturns like that can create mass financial losses and a great financial gain to those few who positioned themselves before hand to prosper in bad markets. In a world market there should be more stability, however with oil prices being controlled by our enemies that can kind of f&*# things up. Do you know how we got out of every economic depression in the history of the U.S. WAR!!!
If we solve financial problems with murder, what does that say about us a society?
- BotchaMcCoola, on 07/06/2008, -3/+6The sky seems ok but my mutual funds are falling fast in dollar
- FeargusMcDuff, on 07/06/2008, -8/+2They took their jobs!
- diggmeup, on 07/06/2008, -7/+27this is from pravda.ru.... very opinionated story
- stinger666, on 07/06/2008, -4/+4It's déja-vu day on digg
- mrzack, on 07/06/2008, -11/+4the govt's CPI and unemployment figures are false. MUCH much higher. higher inflation, higher cost, higher unemployment is the troof for america.
- jaythewise, on 07/06/2008, -13/+2Russia's is "offically" 6.2%:
https://www.cia.gov/library/publications/the-world ...
I have been to Moscow and I bet its around 10%. Lots of poverty in that country.
However, the USA SHOULD have and needs higher unemployement. You know the whole lack of a real welfare system....
You yanks can always move to Alberta and Western Canada if you need jobs.- andy314159pi, on 07/06/2008, -0/+3No you can't just head off to Canada to get a job. It is *very* difficult for an American to find work in Canada as I have some friends who have tried to do this and only one of them made it. He had to some unreal stuff to gain permission to work.
- oxymoron69, on 07/06/2008, -1/+1As it should be... We need to prevent a mass influx of USAians, lest they dilute our gene pool with their mouth breathing, american idol watching, ignorant filth...
- andy314159pi, on 07/06/2008, -0/+3No you can't just head off to Canada to get a job. It is *very* difficult for an American to find work in Canada as I have some friends who have tried to do this and only one of them made it. He had to some unreal stuff to gain permission to work.
- countersoldat, on 07/06/2008, -4/+31wow, all sorts of spasms when Fox news is quoted here, but a sensationalist pravda story about our 5.6% unemployment rate gets diggs? This site was a lot better a year ago
- onetimer, on 07/06/2008, -4/+4I blame the influx of supporters of a certain former presidential candidate, that I better not mention by name lest I be told "i hate freedom"!
- goerg, on 07/06/2008, -15/+4unemployment?
"clinton created 500.000 jobs. i got 3 of 'em"
(thank god im european...)- blanketfury, on 07/06/2008, -3/+3Thank god I'm not.
AMERICA ROCKS YAY !!!!!!!!!!!!!!!!!!!!!!!!
- blanketfury, on 07/06/2008, -3/+3Thank god I'm not.
- SEN5241, on 07/06/2008, -3/+5Somebody think of the pink paper!
- insurgente, on 07/06/2008, -8/+9Unemployment is necessary for battling inflation. Ask a market economist what he believes is most important, battling unemployment or inflation.
- bigsteve3OOO, on 07/06/2008, -12/+27This is a stupid title. France currently has a higher unemployment rate yet they are not the subject. When Germany 2 years ago was more than double what ours is today a title like this was not submitted. Spew your venom and lies elsewhere submitter.
- TheInformer, on 07/06/2008, -0/+2But showing facts like those wouldn't hurt Bush, which is obviously the underlying intent of the OP.
- notoneofus, on 07/06/2008, -0/+1It hardly requires anyone's intervention to hurt Bush; he manages fine on his own.
- TheInformer, on 07/06/2008, -0/+2But showing facts like those wouldn't hurt Bush, which is obviously the underlying intent of the OP.
- scoottie, on 07/06/2008, -11/+6umm no. thank you Mr. Russian Blogger but you sir are a moron. Your whole article shows how the unemployment rate is holding steady and also the difference between someone that is called a full time employee and someone that is called a part time employee can be as small as the full time employee working 45 hours a week and a part time employee working 44 hours a week. Most part time employees can ask there employer to simply change how the are categorized.
- SEN5241, on 07/06/2008, -1/+5Buried for gross inaccuracy.
- scoottie, on 07/06/2008, -1/+1you,re just as bad as the blogger ..... so i accidently pressed a 4 rather than a 3
"Each month the Bureau of Labor Statistics publishes data on the number of hours worked by persons during the survey reference week and considerable detail about persons who work less than 35 hours a week—the official boundary between full- and part-time employment"
oh and heres the link if you want to actually educate yourself
http://www.bls.gov/opub/mlr/1986/02/art2exc.htm
- scoottie, on 07/06/2008, -1/+1you,re just as bad as the blogger ..... so i accidently pressed a 4 rather than a 3
- SEN5241, on 07/06/2008, -1/+5Buried for gross inaccuracy.
- londubh, on 07/06/2008, -13/+3It's a good thing we have our guns and our religion so we can cling to them. Let's all sing a round of Hollis Brown http://www.bobdylan.com/songs/hollis.html
You looked for work and money
And you walked a rugged mile
You looked for work and money
And you walked a rugged mile
Your children are so hungry
That they don't know how to smile
http://en.wikipedia.org/wiki/Ballad_of_Hollis_Brow ...- ScottMitchell, on 07/06/2008, -2/+3Another great and timely Dylan song is With God On Our Side:
http://www.bobdylan.com/songs/withgod.html - cheeseron, on 07/06/2008, -0/+2this song is better
http://www.bobdylan.com/songs/moonshiner.html
I BEEN A
MOONSHINER
FOR SEVENTEEN LONG YEARS
I SPENT ALL
MY MONEY
ON WHISKEY AND BEER
- ScottMitchell, on 07/06/2008, -2/+3Another great and timely Dylan song is With God On Our Side:
- alpine75, on 07/06/2008, -6/+31Pravda?
Really?? - Kirly, on 07/06/2008, -14/+9What a load of propaganda!
I don't know about the rest of you, but I'm doing better now that I have EVER done in my life. Just had a pool built on my property last year - that's right russians, my own private in-ground pool AND a spa! Don't have to share it, or the bathroom, with anyone else. I'm doing well enough to help someone ELSE pay their monthy bills going on two years now. So well in fact, that I'm thinking about buying a new truch or suv.
take THAT "pravda". truth my @$$.- dizilbdog, on 07/06/2008, -3/+7Well you need to realize society isn't built around you and what you own or buy. Learn that and then you will be a Rich man.
- Kirly, on 07/06/2008, -2/+3oh brother. haven't you heard? already well off.
and no thanks, not interested in sex change.
- Kirly, on 07/06/2008, -2/+3oh brother. haven't you heard? already well off.
- crapmatic, on 07/06/2008, -0/+6what line of work are you in?
- DigitusAnonymus, on 07/06/2008, -3/+4Porn. He's my associate, so I know. Nowadays porn is a saturated market so I don't really recommend it unless you go and satisfy some niche. A fetish if you will. That's where the big bucks are, cause if you just do a me too website with vanilla sex and all the usual stuff then you'll fail.
Lemme know if you ever need someone managing your porn empire my number is 265-555-2423.
- DigitusAnonymus, on 07/06/2008, -3/+4Porn. He's my associate, so I know. Nowadays porn is a saturated market so I don't really recommend it unless you go and satisfy some niche. A fetish if you will. That's where the big bucks are, cause if you just do a me too website with vanilla sex and all the usual stuff then you'll fail.
- stonebear, on 07/06/2008, -1/+3If you ever got off that damned computer your mom banished to the basement, you could have all that.
- gryphon50, on 07/06/2008, -1/+2that one single example negates all statistics, clearly.
- ekSD, on 07/06/2008, -1/+2You don't share bathrooms?
What the hell is wrong with you?
- dizilbdog, on 07/06/2008, -3/+7Well you need to realize society isn't built around you and what you own or buy. Learn that and then you will be a Rich man.
- Hetman, on 07/06/2008, -11/+5I do not work I let the government take care of me. You guys should try it, it is awesome. Just impregnate a girl and live off of her welfare and food card, You can also get low income housing once you have a child and are unemployed. And since it is a percentage of your income it is really cheap because the only income you have is coming from the government.
- JimmySpaza, on 07/06/2008, -8/+6Don't forget to keep your cash separate from your food stamps to make sure that buying necessities with food stamps doesn't interfere with using cash for cigarettes and beer. Yes, I've seen that done in grocery stores. A woman loaded up her grocery cart with a LOT of nice food including steaks. She paid for them with food stamps (OUR TAX MONEY) and then bought cigarettes and beer with a wad of cash she had in her other pocket.
Way to go, liberals. Wonderful communist society you're creating. - oxymoron69, on 07/06/2008, -2/+1Sad but true, these days it's either that or bust your ass for $10/hour and get further behind than the family with 3 kids, a car, and a home provided for them by the state, where both parents do NOT work.
That's the situation here in my part of the world. You can make more money by being a baby factory than you can working IN a factory :-(
- JimmySpaza, on 07/06/2008, -8/+6Don't forget to keep your cash separate from your food stamps to make sure that buying necessities with food stamps doesn't interfere with using cash for cigarettes and beer. Yes, I've seen that done in grocery stores. A woman loaded up her grocery cart with a LOT of nice food including steaks. She paid for them with food stamps (OUR TAX MONEY) and then bought cigarettes and beer with a wad of cash she had in her other pocket.
- franlee, on 07/06/2008, -15/+2America's Imperialism is finally catching up to it. That's alright, maybe Chinese companies might hire you as sanitation workers to clean up after rich and prosperous Chinese.
- BBKC, on 07/06/2008, -1/+3I'm guessing you haven't been following the squeeze of the Chinese middle-class. Then again, there is a pre-req of you not being a total retard to have active thought.
Better yet, just hate America more -- YEAH!~!!!!!!1111ONEONEONEONE go digg@!!!!!!!! Retards.- janielou, on 07/06/2008, -1/+0Is it the responsibility of the American Middleclass to sacrafice their wealth to produce consumer markets for Multinational Corperations to sell their products? China never had a middleclass untill the Globalist in Washington decided to outsource manufacturing to the Third World. franlee's statements are not anti american they are anti-Imperialism.
- BBKC, on 07/06/2008, -1/+3I'm guessing you haven't been following the squeeze of the Chinese middle-class. Then again, there is a pre-req of you not being a total retard to have active thought.
- bonlebon, on 07/06/2008, -2/+3The unemployed of this era will turn to sites like Digg instead of watching David Letterman.
Ka-ching!!!!- herriojr, on 07/06/2008, -0/+0I doubt that. Network TV is free, and the internet isn't.
- SatoriSeeker, on 07/06/2008, -9/+8The broader U6 measure of unemployment in the US rose to 9.9% in June
Here is one of the keys to the ongoing discussion about why the Public is so much gloomier than the Pundits on the job market. The pontificators and talking heads are looking at the official U3 unemployment scale, while the public in the real world feels the U6 unemployment scale.
http://digg.com/world_news/The_broader_U6_measure_ ... - kookbutt, on 07/06/2008, -11/+9Thanks Baby Boomers. For destroying the Earth with your pollution but for destroying America's economy and corrupting the U.S. government so lobbyists have complete control over elected officials.
- whorunbartertwn, on 07/06/2008, -3/+0You have an interesting interpretation of the word "destroy" I think.
- stonebear, on 07/06/2008, -0/+2A generation of vipers. But to be fair, I don't know a genXer who gives a ***** beyond their own immediate interests either. Yes, they were very idealistic in their youth, but so were the boomers. As its predecessors did, genY, flush with idealism, now presumes to sit in judgment; devoting plenty of lip service to the wrongs of the world despite of its own rather disturbing apathy. The more things change, the more they stay the same.
- ImperialRome, on 07/06/2008, -6/+19Of course unemployment goes up in the summer months. Thats when the kids are out of school. Thats when a new batch of progressives graduates from college with their art history degrees or womyn's studies degrees and then has to find a job.
Considering that the unemployment rate of 5.6 percent , when it was 5.5 percent three months ago, and 5 percent two years ago, this is hardly basis for alarm or panic.- BBKC, on 07/06/2008, -3/+8Trying to introduce logic on digg is like trying to charm a girl with your intelligence. Just regress to being cool by doing keg-stands. (or in diggs case, posting alarm-type material)
- dildoolielly, on 07/06/2008, -1/+2---------"Of course unemployment goes up in the summer months."---------
Buddy, I'm glad, really glad that you are not yet affected by the realities of the New economy. It's good to know that someone is doing alright, though a little discouraging how smug so many of them are. But the truth, the verifiable with your senses truth, the truth you just don't want to hear, is that there are lots and lots of people struggling, not because they're lazy, not because they're uneducated, but simply there are just not enough high paying jobs goig around for families to face the brave new world of million dollor homes and, overpriced educations, skyrocketing medical expenses and goods and services in a state of long term inflationary creep.
My story is the story of nearly everyone I know who's lost their job in recent years. I can only find a new job if I settle downward on my salary; it's getting genuinely hard to imagine how we're going to get our kid through school, and hard to imagine that whatever education she get's will be worth the job market of deflated expectations that will await her since she won't go to a top of the line school.
We live in a plutocracy. Merit and experience are useless. The public's dreams are popcorn fed with idolatry; athletes with ridiculous salaries lure kids into believing impossible live can be gotten easily,singers and musicians have no work and can only hope to get picked in a stupid tv roman circus lottery, writers had better be gorgeous and wealthy and ready to crank out crapola to get published and hard working, inventive scientists increasingly find the only work out there involves cranking out worthless trash for corporate propaganda,
Buddy, you can sit there thinking all is well; doesn't affect you. I know the steamroller just hasn't found you yet. Give it time, The system has no place for any but the profoundly corrupt and the self serving wealthy. If you haven't noticed reality, you are might be one of these, but since I encounter you on these boards you are more likely one of the brainwashed zombies who still believe the superwealthy are going to pee some pennies your way. So I suppose you should keep a cup handy for the trickle down.
Me, I'm going to keep trying. But I will not be told by any smug Republican that I cannot point out the nastiness, and call like a plainly see it. If hearing the real story bugs you, there's always total sensory derivation. Nothing will touch you there. Wallow in your lack of feelings.
And then we won't have to listen to you whining about how we're "winning" when all we're doing is speaking aloud that which your political gods would rather remain unsaid. - santaliqueur, on 07/06/2008, -1/+1Shhh. Your facts are unwelcome here.
- dilpil1, on 07/06/2008, -2/+20By the articles own admission, "The nation's unemployment rate held steady at 5.5 percent".
Doesn't really justify the title of the article. You'd think the rate was 50-90% with a headline like that.- santaliqueur, on 07/06/2008, -0/+1Panicky Diggers always multiply or divide by 10, whichever seems worse, to exaggerate the alarming statistic.
- mikephimikephi, on 07/06/2008, -1/+6Everybody panic!
- SkinnerBox, on 07/06/2008, -3/+3Its not so bad. I had a job lined up the day before graduation. Don't worry about whats in the news, worry about whats in your life.
- DaveClarkOne, on 07/06/2008, -3/+11Buried for alarmist hyperbole
- workfaster, on 07/06/2008, -5/+1No need to worry... Watch the administration's response to this news and you won't worry, you'll PANIC... (seriously, watch this press briefing and you won't be able to sleep tonight):
http://digg.com/business_finance/Ever_had_to_lie_f ... - BotchaMcCoola, on 07/06/2008, -5/+3Yes, be very afraid of the Russians. They were too smart to waste
money, time, and people playing bullet tag with the Taliban. So you can
see they are much smarter than our leaders.- Goldbricker, on 07/06/2008, -0/+6Time to go back to the History books Junior.
- Erythroxylum, on 07/06/2008, -1/+8You're so right. They only spent 11 years, 15,000 lives and a proportional amount of money on that little episode before they realised that they weren't going to beat an enemy which was supported by pretty much every Muslim nation in the region and the US for a cause which was essentially just Soviet expansionism.
Someday I hope to be as smart as the Russians. - whorunbartertwn, on 07/06/2008, -0/+5Ironic ain't it? Russians are in fact the people who wasted the most money, time, and people playing bullet tag with the Taliban.
- flavioribeiro, on 07/06/2008, -2/+1Holy *****, dude. The fact that the United States funded the Taliban against the Soviets is one of the fundamental examples of foreign policy blowback.
Go hit the books, man.
- obbytoo, on 07/06/2008, -6/+1Time to pack bags and move to another country.
- whorunbartertwn, on 07/06/2008, -1/+1Typical internet warrior response. You're not going anywhere it's too fat easy and cozy right here, and you know it.
- asw0210, on 07/06/2008, -0/+1Have fun! We don't want you here anyway so don't come back. pansy
- whorunbartertwn, on 07/06/2008, -1/+1Typical internet warrior response. You're not going anywhere it's too fat easy and cozy right here, and you know it.
- rmxz, on 07/06/2008, -0/+1With modern technology making manufacturing more efficient; tractors & sprinklers making farms require less labor; computers & ATMs meaning banks need less people; I'd think increasing joblessness is an OK think if only our society had a way to handle it well.
I'm surprised that with all the increases in efficiency people are expected to work 40+ hours a week for 50 or so years of their lives.
Why can't all we get happily by only working every few years? - yaosio, on 07/06/2008, -0/+4Shh, nobody tell them what unemployment percentage a country should have.
- Titan615, on 07/06/2008, -1/+2I know a lot of people are saying that the unemployment rate in other countries is high, but don't forget we're talking about hundreds of millions of people in the U.S. and in the tens of millions in European countries. Unemployment regardless is bad no matter where you are, but time ahead are looking kinda rough for the U.S. Hopefully things will take a turn for the better everywhere.
- santaliqueur, on 07/06/2008, -0/+2That's why we measure as a PERCENTAGE. Do you really not understand this?
- Erythroxylum, on 07/06/2008, -0/+7The US, in terms of unemployment, has got nothing on Britain, France, Germany, Russian, India and China. In fact, the only large economy which has a lower employment rate than the US is Japan - by a whopping 0.7%.
- Erythroxylum, on 07/06/2008, -0/+3*Russia, unemployment.
- flavioribeiro, on 07/06/2008, -1/+2Inflation and unemployment are grossly underestimated by the government.
- santaliqueur, on 07/06/2008, -0/+1With people like you, we can't win. If we have a high unemployment rating, we're *****. if it's low, the government grossly underestimates it.
Can this country seriously do NOTHING right? - flavioribeiro, on 07/06/2008, -0/+1"Can this country seriously do NOTHING right?"
I don't think so. Americans seem determined to do the wrong thing.
- santaliqueur, on 07/06/2008, -0/+1With people like you, we can't win. If we have a high unemployment rating, we're *****. if it's low, the government grossly underestimates it.
- baconz, on 07/06/2008, -2/+3way to go bush.
- insanebrain, on 07/06/2008, -1/+2. . and unfortunately, the worst has yet to come.
- insanebrain, on 07/06/2008, -0/+1They have a digg tracker to another post about this article. . .funny.
- Nubli, on 07/06/2008, -3/+7Oh dear god, unemployment of 5.5% ALERT THE MEDIA.
- TheInformer, on 07/06/2008, -3/+7First it was Huffingtonpost.com. Now it's Pravda.ru. Nice sources of unbiased material!
- DynamicSurge, on 07/06/2008, -2/+2Really? Interesting, because I just got a job.
- janielou, on 07/06/2008, -0/+1Manufacturing Outsourced, uncontrolled illegal immigration, H1 visas handed out like candy, is the plan globalist in Washington has for us. The problem has been produced by Republicans and Democrats. I encourage everyone to vote third party.
- stonebear, on 07/06/2008, -0/+1Nader is the only candidate representing the interests of the bottom 95% of the American people.
- SlamShut, on 07/06/2008, -0/+8One day the President of the United States and the Prime Minister of Russia were walking through the park. Their discussion covered the current state of their countries.
"So," asked the Prime Minister, "how are things in America?"
"Well," replied the President. "Unemployment is rising, but we're used to fluctuations like this. Things are down now, but will be up again soon. We are optimistic. How are things in Russia?"
"Very good," says the Prime Minister. "The famine which plagued my people has ended, and this year the potato crops are plentiful. If you were to pile all of the potatoes up that mother Russia has produced this year, they would touch the foot of God himself!"
The President thought on this for a minute, then spoke. "Hold on a minute, friend-- the foot of God himself? You were raised a Communist-- there is no God!"
"That is true," shrugged the Prime Minister. "But there are no potatoes either."- scoottie, on 07/06/2008, -0/+1lol
- Treoinmypocket, on 07/06/2008, -1/+7"USA slowly turns into unemployed nation"
What a load of crap. Take a look at the Bureaus of Labor Statistics report where you can go back all the way to 1942.
This is media fear mongering people. Unemploment goes up and down but generally hovers between 4% and 7%.
In the last 57 years we've had
- 20 years of sub 5% (four X from 2000 to 2007, 3 X from 1990 to 1999, 0 X from 1980 to 1989, 2 X from 1970 to 1979, 5 X from 1960 to 1969 and 6 X from 1950 to 1959.
-19 years of 5.0 to 5.9
-7 years of 6.0 to 6.9%
-7 years of 7.0 to 7.9%
-1 year of 8.0+
-2 years of 9.0+
Bill Clinton took the rate from 6.9 to 4.2, Bush from 4.0 up to 6.0 and back to 4.6 and now its up to 5.5.
Political parties and the media will spin these numbers all kinds of ways to promote their agenda (politicians for elections and the media to sell advertising) but the truth is the US economy is so dominant in the world that even our downturns are better than most other 1st world countries. 4.5% to 6.5% seems ot be just fine.- atxranchhand, on 07/06/2008, -0/+0unemployment during the worst part of the great depression was around 25%
all this talk about a "depression" happening makes me laugh. A recession... most likely yes. A depression is a stretch.- santaliqueur, on 07/06/2008, -0/+1Not even a recession yet.
- atxranchhand, on 07/06/2008, -0/+0I know. thats why I said "most likely"
also they tend to only call it a recession AFTER its done. Hindsight and all that.
- atxranchhand, on 07/06/2008, -0/+0unemployment during the worst part of the great depression was around 25%
- bcronos, on 07/06/2008, -0/+1Pravda = Propaganda - always has and always will. What intelligent person gives a crap what they have to say about anything?
- mrdoughboy69, on 07/06/2008, -0/+1There is a reason the economic term "full employment" ranges from 4-7% unemployment.
Over the past 30 years, the US has averaged 6.1% unemployment, which means this is a normal downtrend. What a worthless story. -
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