Donald Trump says the unemployment rate may be 42 percent

Discussion in 'Economics & Trade' started by ARDY, Feb 2, 2019.

  1. ARDY

    ARDY Well-Known Member Past Donor

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    Margot2 likes this.
  2. Reiver

    Reiver Well-Known Member

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    Its not difficult to create an unemployment measure based on hours. You'd need to use data on hours preferences (where folk will inform you that they are underemployed and want to work more hours). Ironically these 'unemployment' underestimates tend to be more problematic in right wing countries (given they allow phenomena such as zero hour contracts to run amok where workers have no rights).
     
  3. ARDY

    ARDY Well-Known Member Past Donor

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    Fine, as far as i can tell not much in that respect has changed.. there have been no trump initiatives to chage these situations. So if 42% was the true unemployment rate, it limely is still close to that figure
     
  4. Quadhole

    Quadhole Well-Known Member

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    I dont know that it is 40%, but maybe something like 22%. The Govt, on both sides have changed the rules to "MAKE THINGS LOOK LIKE" they are good. Even Obama knew it was a farce, he agreed to the bailout that Bush pushed through with the FED, Treasury, Berneke, Paulson, etc. Things are actually horrible and the truth has to come out sooner or later.
    The 2008 debacle has been transferred from the Banks to the People and the Govt. In other words the rich people at the FED, hate to say it 95% Jewish have transfered the debt the BIG investment banks had to the People. Those Banks are also ran and Controlled by the Jewish Community. Many of which have ties to Israel and can leave here anytime. The Central Banks of the WORLD, also the same base, control the worlds economy. Once we were pulled off of the GOLD standard it hurt, but once they cut the tax on thos BIG BANKERS and VERY rich from 80% to 30% we were doomed.
    That lasted from 1984 - 2008 and we should have went into a recession that included bankruptcies by the banks and businesses, in place of that we gave them TAX dollars. We then wanted to pump up the economy, make it grow faster so we had QE 1,2,3 and all that money went to the rich.

    Npow, all that money which the rich have is owed by the tax payers who are already broke. It cant work itself out with more money, sooner or later it has to be fixed. No one wants it on their watch, Why Obama got out quick. Trump is an Anomaly and I have no idea why anyone would want to be POTUS when things are going to be a disaster. Obviously they dont study economics, listen to the economists or they would understand the truth.

    If we dont transfer wealth back to the people, we are in for a depression, uprising, and who knows what. I think this is why they have ARMED the POLICE so well now. No one ever wants to admit the truth.
     
  5. kazenatsu

    kazenatsu Well-Known Member Donor

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    Just so everyone realizes (and this should be obvious, hopefully I don't have to say it) a President cannot magically make the economy turn around good or bad. It's a little more complex than that. You can just automatically put the blame (or the credit) on a President for the economy without identifying specific ways in which he is responsible for that.

    Plus I have no doubt that if 90% of the people here were made President, the economy wouldn't get any better.
    These can really be complex matters and it takes a very wise person to be able to know the proper thing to do, and which advisors to believe (they don't all believe the same thing). Usually pragmatists end up having better results than ideologues.
     
    Last edited: Feb 4, 2019

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