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alstry (35.76)

Bend Over Rover....Private Sector DEAD!!!!!

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June 05, 2009 – Comments (5)

Job Losses LESS than expected but Unemployment Rate HIGHER than expected????

Please.....we were expecting a 9% unemployment rate but got a 9.4% rate but somehow we are supposed to believe that FEWER people lost jobs than expected??

Let's get the facts straight....the ONLY reason we don't have 30% unemployment right now is that we have 30% of the labor force on government entitlements where we had almost NONE in The Great Depression.

And to keep those people on the government payroll and OFF the unemployment figures.....the government is going to need to borrow MORE and MORE.....until the governments borrowing needs will be so great that there will be NO MONEY left for the private sector.  NONE.

We see it everywhere....Airlines, Autos, Building, Cessna, Developers, Engineers, Factories.....how far down the alphabet do you want to go?????

If you are in the private sector right now.....at the current rate of Deficits and the likely rise in interest rates.....the government will be the ONLY qualified borrower in America and it is very likely your company will go out of business.......

Prepare.....it is now here.....JUST WATCH INTEREST RATES for confirmation.

This is a positive post if you are a government worker!!!!!!!!!!!!!!!!!!!!!!!!

5 Comments – Post Your Own

#1) On June 05, 2009 at 9:25 AM, MikeBobulinski (< 20) wrote:

Using your own logic, why is it surprising that fewer people have lost jobs but the unemployment rate increased?

You have said on numerous occasions that companies are releasing people left and right.  At some point the number of folks that get released has to drop.  Why?  Because the companies doing the cutting have already cut to the bone or darn close and don't have massive amount of folks left to cut.  So at some point the numbers for job losses are going to have to become less.

Why does the unemployment continue to rise?  New hires drop off.  So you are right that things are sucking and continue to suck.  You are right that being in the private sector trying to keep a job or trying to find a job is a rough place to be.  But it shouldn't be a surprise that one number drops off and the other increases.  The numbers are supporting what you have been saying for some time.

What is surprising to me is the fact that no one else seems to see that the job losses being less coupled with increasing unemployment is a bad thing.  Market futures are up on the jobs report.  I would think that folks would get smarter and realize that once you get to the bottom of the well, you can't take out as much as you did when the well was full.

Should be an interesting day on the market when folks finally analize why the numbers are doing what they are doing.  Fool on...

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#2) On June 05, 2009 at 9:42 AM, alstry (35.76) wrote:

Mike,

It is not surprising to me....it is what I expected and what I have been projecting for over a year.

The joke is how Foolish some can be.....we are simply destroying the private sector and few seem to care.....

To save the private sector, what we need to do is restructure in a responsible way.....NOW....go through the pain and start up again....but by government now crowding out $2 Trillion of borrowing needs per year.....that is 20X MORE than a couple years ago......few are going to be willing to loan to government unless the government comes in and takes over everything we own.....and this is happening unless we reverse the trend.

 

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#3) On June 05, 2009 at 10:10 AM, MikeBobulinski (< 20) wrote:

Sounds to me like socialism...guess we'll all be living in a commune some day if this keeps going.  I don't think we'll get to that point, because I believe in the fact that smart people are looking for a solution.  I just hope they find and execute said solution before it is too late.  And as you have pointed out, we are getting darn close to that point...the too late point...

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#4) On June 05, 2009 at 10:30 AM, alstry (35.76) wrote:

Mike:

Wouldn't you think if we are going to turn around....there would be someone other than Alstry and a few others sounding the Alarm Bells????

Plus....with 90% of our tax receipts coming from the top 10 or 15% of income earners.....now that their incomes are evaporating....there is no one left in America to pay taxes.... so who will lend trillions to a nation that is not bringing in much revenues??????

This is the kind of stuff that seems so basic that so many CAPS members simply prefer to stick their heads in the sand!!!!

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#5) On June 05, 2009 at 10:43 AM, alstry (35.76) wrote:

 AMERICA BECOMING A NATION OF UNEMPLOYED, TEMP WORKERS, WALMART WORKERS, AND WELFARE RECIPIENTS!!!!!!

GOODBYE HIGHER PAYING JOBS AND GOVERNMENT REVENUES!!!!!!

 Temp work helps mask joblessness among Americans

The 9.4 percent May unemployment rate is based on 14.5 million Americans out of work. But that number doesn't include discouraged workers, people who gave up looking for work after four weeks. Add those 792,000 people, and the unemployment rate is 9.8 percent.

_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health or lack of transportation. Add those 1.4 million people, and the unemployment rate would be 10.6 percent.

_The official rate also doesn't include "involuntary part-time workers," or the 2.2 million people like Noel who took a part-time job because that's all they could get, plus those whose work hours dropped below the full-time level. Once those 9.1 million workers are added to the unemployment mix, the rate would be 16.4 percent.

All told, nearly 25 million Americans were either unemployed, underemployed or had given up looking for a job in May.

http://news.yahoo.com/s/ap/us_becoming_a_statistic

Plus another countless tens of millions on the government dole that never existed in the Great Depression.....and you tell me what the compareable unemployrate is today vs. TGD.

And also please provide the names of individuals and/or countries that have the wherewithall to fund the TRILLIONS now need to keep this Ponzi Scheme going?????

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