Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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No kidding. If the stock market goes down a bit it's breaking news while the lowest unemployment in 50 years is insignificant.Traditionally, full employment us considered 4%. Today it is at 3.5%. This is unseen for 50 years, so anyone who wants to find a job, even a Democrat, can.
Thanks Mr President.
158,269,000: Record Number of Employed in September; 3.5% Unemployment Rate Best Since 1969
That's what they were afraid of.
If we have the lowest unemployment in 50 years, why are my five companies receiving 500+ resumes per month?
Then of course we have a record level credit card debt which makes me believe that most employed are under-employed.
We may have record level of credit card debt because thanks to Democrats, we are creating more irresponsible people. But more than that is people are confident of our economy. When people are self-assured they have income in the future, they spend it now.
Nah, it's because the poor with credit are finding it increasing hard to pay their bills and see another crash coming.
Don't create bills you can't pay.
I don't know many people today that don't have a smart phone, and most of them are newer. I don't know many people today without cable, satellite or the internet. I don't know (or see) many people today with a car more than seven years old.
A few years back an old friend of mine was looking to move out of her mothers home. They don't get along very well. She moved in with her mother after she lost her home due to losing her job and going on disability. I happen to had an open apartment, and offered it to her for less money than I planned on renting it out for.
She came over, looked at the place and said she'd get back to me after she made a decision. A few days later she contacted me and declined my offer; said even though I was charging much less than it would normally go for, she still couldn't afford it.
So we BS'd for about a half hour, mostly about her situation. Then she told me about the bills she had, and I was stunned at what she said. Among the non-essential things she listed, she told me she had a car payment of $625 a month.
I asked her if she was nuts or something? I suggested she get rid of the Fn car, and buy something older where she did't have a car payment, and get herself a nice apartment instead. She didn't even consider it. Thinking back, that stupid car payment is probably why she fell behind on her mortgage and lost her house in the first place.
She's not alone. Many Americans have Fd up priorities. Between a car and a home, I'm choosing a home.