No Recession in the White House

[rayboyusmc]

[NEW YORK - The for-sale listings on the online hub Craigslist come with plaintive notices, like the one from the teenager in Georgia who said her mother lost her job and pleaded, "Please buy anything you can to help out."




Or the seller in Milwaukee who wrote in one post of needing to pay bills — and put a diamond engagement ring up for bids to do it.

Struggling with mounting debt and rising prices, faced with the toughest economic times since the early 1990s, Americans are selling prized possessions online and at flea markets at alarming rates.

To meet higher gas, food and prescription drug bills, they are selling off grandmother's dishes and their own belongings. Some of the household purging has been extremely painful — families forced to part with heirlooms.
/QUOTE]
NYT

 

[jillian]

You need to post links and not just say NY Times.

Thanks. Please fix that so I don't have to delete.

 

[Skull Pilot]

Have you been out on a friday night lately??

i see people spending on drinks and food like they always have

seriously wouldn't you stop going out for 10 dollar margaritas before you pawned grandma's heirloom diamond??

 

[Alpha1]

No Recession in the White House?

No recession anywhere according to the economists...

 

[Annie]

You need to post links and not just say NY Times.

Thanks. Please fix that so I don't have to delete.

Looks like an AP article:

http://ap.google.com/article/ALeqM5jmVfjiFvKMMmnD72pAgqzkLBW4CwD90BO5EO0

Americans unload prized belongings to make ends meet

By ANNE D'INNOCENZIO – 2 days ago

NEW YORK (AP) — The for-sale listings on the online hub Craigslist come with plaintive notices, like the one from the teenager in Georgia who said her mother lost her job and pleaded, "Please buy anything you can to help out."

Or the seller in Milwaukee who wrote in one post of needing to pay bills — and put a diamond engagement ring up for bids to do it.

Struggling with mounting debt and rising prices, faced with the toughest economic times since the early 1990s, Americans are selling prized possessions online and at flea markets at alarming rates.

To meet higher gas, food and prescription drug bills, they are selling off grandmother's dishes and their own belongings. Some of the household purging has been extremely painful — families forced to part with heirlooms....

 

[Angel Heart]

Love how they leave out the whys of the job losses. Maybe her mom lost her job because of attendance or something.

Honestly the only ones I know are in hard times would be even in a boom economy. One was left by her husband (for another woman) and has been struggling to homeschool her children while doing child care for other people. She would hurt no matter what. Another has never held down a job for more than a few weeks when they decide they can't do it.

There are still tons of help wanted signs around here. The only ones with out jobs are the ones not looking.

 

[Zoomie1980]

Love how they leave out the whys of the job losses. Maybe her mom lost her job because of attendance or something.

Honestly the only ones I know are in hard times would be even in a boom economy. One was left by her husband (for another woman) and has been struggling to homeschool her children while doing child care for other people. She would hurt no matter what. Another has never held down a job for more than a few weeks when they decide they can't do it.

There are still tons of help wanted signs around here. The only ones with out jobs are the ones not looking.

At 5% that's about right. 4-4.5% is generally considered full employment. When unemployment approaches 4.5% we are generally considered to be in a significant labor shortage and at 4% in a full blown labor crisis.

So in the "height of the recession" we are still very near FULL employment. Of course the liberals and critics will always tout "underemployment". Problem is, when you have developed no marketable skills all you deserve is stocking shelves at Walmart....

 

[cbi0090]

If we're in a recession with 5% unemployment where is France? Their unemployment is normally double digit. For that matter, take a look at nearly all of the European countries. U.S. unemployment has historically always been better than just about anywhere. The difference is in benefits. Health care, specifically. It's a issue that seriously needs repair here.

 

[Annie]

If we're in a recession with 5% unemployment where is France? Their unemployment is normally double digit. For that matter, take a look at nearly all of the European countries. U.S. unemployment has historically always been better than just about anywhere. The difference is in benefits. Health care, specifically. It's a issue that seriously needs repair here.

Actually that has been the difference for many a year. Americans KNOW they must work, regardless of the job, to survive. In Europe it's become the norm that if you aren't working, for whatever reason, there is a 'safety net', permanent, to keep you at a reasonable level. Today, it's not much better than the lowest in the US, but it's not stopping their problem

In the US it's still the norm to want to do better than exist, while even the lowest exist beyond 'existence.'

 

[Zoomie1980]

Actually that has been the difference for many a year. Americans KNOW they must work, regardless of the job, to survive. In Europe it's become the norm that if you aren't working, for whatever reason, there is a 'safety net', permanent, to keep you at a reasonable level. Today, it's not much better than the lowest in the US, but it's not stopping their problem

In the US it's still the norm to want to do better than exist, while even the lowest exist beyond 'existence.'

Which is why we will ALWAYS be a more productive country and society than the combined collection of continental Europe (excluding the liberated former Iron Curtain countries who have adopted largely unregulated, supply-side capitalistic models).

 

[Zoomie1980]

If we're in a recession with 5% unemployment where is France? Their unemployment is normally double digit. For that matter, take a look at nearly all of the European countries. U.S. unemployment has historically always been better than just about anywhere. The difference is in benefits. Health care, specifically. It's a issue that seriously needs repair here.

Health care of western Europe as a model for the US is a total joke. It is rife with chronic shortages of specialist care, and generally of poor quality. As broken as America's health care system is, it is still the envy of the world in terms of quality and accessibility. What really kills it is one thing...prescription drugs. America essentially subsidizes all the world's R&D on drugs because we pay more for drugs than the rest of the world COMBINED! If you want to fix Americas cost problem fix that and you have it solved. Force France to pay their share of Merk's R&D.....

 

[Gunny]

No Recession in the White House?

No recession anywhere according to the economists...

Some people aren't happy unless their threat title is a complete fabrication that has nothing to do with article but DOES lamely attempt to throw shit on the opposing political party.