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Nov 3, 2009 10:35 PM
by: NHJoan
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Jobs will return -- in 2012...
Posted:
Oct 30, 2009 12:31 PM
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The consensus forecast is that job losses will continue through the end of this year, with many economists not expecting unemployment to peak until next summer. That will add to the 7.2 million jobs already lost in this downturn. Yum. The real question is what percentage of the jobs lost will actually return... The entire article is here. Enjoy  ...
'Free' Trade & Work Visas Are Korporate Amerika's Means of Profit. Your Jobs Are At Stake. Contact Your Senator & Revolt!!!
Ok, drop that chute boys, got another fresh load of H-1B's here! Get'um while they're hot. Let's hustle up folk's, got a lot of American jobs to replace....Mov'um Out RawHide!...
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Re: Jobs will return -- in 2012...
Posted:
Oct 30, 2009 12:54 PM
in response to: Sundog
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And, do they pay well???? 
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Re: Jobs will return -- in 2012...
Posted:
Oct 30, 2009 1:06 PM
in response to: Sundog
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Jobs will return -- in 2012 -- IN INDIA
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10/18/08
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Re: Jobs will return -- in 2012...
Posted:
Oct 31, 2009 1:51 PM
in response to: Sundog
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Jobs won't return until at least 2014, IF Obama hasn't completely destroyed the US economy first!
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Re: Jobs will return -- in 2012...
Posted:
Nov 1, 2009 12:29 PM
in response to: Sundog
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Well I read today about a bunch of engineers working in a brand spanking new research facility in the Beijing burbs, working on green tech or something like that, and I got to thinking what they got paid. I checked and as far as I can tell they might be getting 120,000 renminbi a year which at the official exchange rate (suppressed to keep the renminbi pegged to the US$ so they can keep foisting their crap on us) is just under 8 to the buck, or about $15,000. But I bet those guys live pretty well on that money as things cost a lot less.
So our trick has got to be to devalue our currency and screw our international creditors so we don't have the crushing debt load, to screw the boomers out of Social Security and Medicare. That part is relatively easy. But then to equal Chinese costs they'd have to dismantle a lot of the other "entitlements", cut way back on regulations, and take out in general all the overhead we have built up with generations of lawmakers currying favor by giving us back our own money.
Something like that. I don't think anyone has the answer.
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Re: Jobs will return -- in 2012...
Posted:
Nov 1, 2009 7:33 PM
in response to: NHJoan
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Something like that. I don't think anyone has the answer. I do . All we need is a Balanced Trade amendment. No more trade deficits, jobs forced back into the US. It wouldn't hurt to eliminate Work Visas also
'Free' Trade & Work Visas Are Korporate Amerika's Means of Profit. Your Jobs Are At Stake. Contact Your Senator & Revolt!!!
Ok, drop that chute boys, got another fresh load of H-1B's here! Get'um while they're hot. Let's hustle up folk's, got a lot of American jobs to replace....Mov'um Out RawHide!...
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5,375
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Re: Jobs will return -- in 2012...
Posted:
Nov 1, 2009 9:01 PM
in response to: NHJoan
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****
I don't think anyone has the answer.
*****
Obama has the answer ............ Communism on a worldwide basis! And guess who would be "First Secretary" ........... Obama, in the footsteps of Vladimir Lenin! Obama and his henchmen get the riches, everyone else shares nothing ................
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Re: Jobs will return -- in 2012...
Posted:
Nov 3, 2009 4:13 PM
in response to: Sundog
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Right on commentary:-
JT: I don't believe we're out of the recession at all. Not if you use numbers that I think are more valid—and those would be numbers from the likes of the independent economist, John Williams, who's been on my radio show. According to his ShadowStats, inflation is grossly understated and hence our GDP is overstated, that, in fact, we've never come out of recession. If you just look around and see what's going on in the U.S. economy—except for Wall Street, which is really more of a gaming industry than anything else—it's hard to make the case that we're back on a growth track.
We've been in trouble for a long time. I would argue that we've been in trouble since 2000 or even before. Greenspan kept the illusion of prosperity going by digging us into debt and creating the housing bubble. Before that we had the dot-com bubble, the telecom bubble. Every time there was a crisis of one kind or another—the Asian crisis, the Mexican crisis, the Russian crisis the perceived Y2K crisis—huge amounts of money were pumped into the system. That all fueled a stock market bubble and malinvestment in companies that had no commercial viability.
If the banks were not borrowing money through the Fed, their reserves would be hugely negative. Their net worth would be negative; they would be broke. They stopped reporting on a mark-to-market basis, so we're not seeing all of the junk in these banks' portfolios now. That doesn't mean it's gone away. So sooner or later, Pinocchio's nose gets longer and longer and you can't hide it anymore. I don't see how you can make a strong case for growth and a continuation of an equity market boom.
There's just no rational reason to be optimistic about the U.S. economy and I think that holds true to a certain extent with the European economy too. I just came back from Singapore and I can tell you, there's a different attitude in Hong Kong and Singapore, where there's lots of action, lots of economic growth and activity
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Re: Jobs will return -- in 2012...
Posted:
Nov 3, 2009 6:28 PM
in response to: NHJoan
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JT: I don't believe we're out of the recession at all. Not if you use numbers that I think are more valid—and those would be numbers from the likes of the independent economist, John Williams, who's been on my radio show.
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There's just no rational reason to be optimistic about the U.S. economy and I think that holds true to a certain extent with the European economy too. How refreshing! A dose of reality. Instead of the Korporate sponsored propaganda that we are being fed. Nice post Joanie ...
'Free' Trade & Work Visas Are Korporate Amerika's Means of Profit. Your Jobs Are At Stake. Contact Your Senator & Revolt!!!
Ok, drop that chute boys, got another fresh load of H-1B's here! Get'um while they're hot. Let's hustle up folk's, got a lot of American jobs to replace....Mov'um Out RawHide!...
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2,569
Registered:
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Re: Jobs will return -- in 2012...
Posted:
Nov 3, 2009 10:35 PM
in response to: Sundog
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Thanks although it belongs to people who travel and see where the wealth and the energy is going, and it isn't here.
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Legend
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Helpful Answer
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Correct Answer
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