Jobless claims drop to five year low

myp · Jan 17, 2013

Let's hope this is a sign of things to come. If only we can remove silly uncertainties in the market like the debt ceiling nonsense.

http://www.reuters.com/article/2013/01/17/us-usa-economy-idUSBRE90E0KL20130117

a777pilot · Jan 17, 2013

This "drop" just means that there is an ever shirking pool of those that are even bothering to look for work. They, the un- and under-employed are just giving up and living on the underground economy.

myp · Jan 17, 2013

a777pilot said:
This "drop" just means that there is an ever shirking pool of those that are even bothering to look for work. They, the un- and under-employed are just giving up and living on the underground economy.

Well these are unemployment aid claims, not unemployment so even if they were working in the "underground economy", I don't think a lot of people would turn down extra money. That coupled with other factors like the unemployment rate, and housing start numbers give some hope especially with the Fed's current policy. If only we can get the fiscal house in order and pass the debt ceiling increase (or just abolish the debt ceiling)...

a777pilot · Jan 18, 2013

Yup, it has been proven so many times over the years that once a nation gets into economic trouble the best thing that nation can do is spend, using borrowed money, themselves into prosperity.

tecoyah · Jan 18, 2013

a777pilot said:
This "drop" just means that there is an ever shirking pool of those that are even bothering to look for work. They, the un- and under-employed are just giving up and living on the underground economy.

It seems you have information unavailable to the rest of us. I would enjoy seeing it, that I might become educated on this subject beyond that which is easily explored.

Thanx in advance.

tecoyah · Jan 18, 2013

a777pilot said:
Yup, it has been proven so many times over the years that once a nation gets into economic trouble the best thing that nation can do is spend, using borrowed money, themselves into prosperity.

Though I do note the sarcasm...many economists recommend we take advantage of current lending rates to address the issues in our system, as the long term benefit would likely outweigh the additional debt.

Kind like spending a dollar for seeds, in the hopes of eating tomatoes all season.

a777pilot · Jan 18, 2013

Financing our older, higher rate, debt is a good thing. Spending trillions more that we have is not so good. This nation has a spending problem. It is not going to go away by spending more and more.

tecoyah · Jan 18, 2013

a777pilot said:
Financing our older, higher rate, debt is a good thing. Spending trillions more that we have is not so good. This nation has a spending problem. It is not going to go away by spending more and more.

Agreed. My point being we may need to do so if we wish to repair the damage done...in hopes of creating the pieces required to allow for aggressive growth.

a777pilot · Jan 18, 2013

tecoyah said:
Agreed. My point being we may need to do so if we wish to repair the damage done...in hopes of creating the pieces required to allow for aggressive growth.

And I agree with you. What will not happen under this President, unless forced on him, will be an atmosphere in which, as you state, "aggressive growth" can take place. His ideas on taxation, regulations and re-distribution of wealth preclude economic growth that is needed.

tecoyah · Jan 18, 2013

In this, I must bow to those who know far more than I ever will. Though it is clear our recovery is far from aggressive, I am not privy to the details involved in the "WHY". and must therefore trust in the people who do. I have witnessed a small miracle already, in that the nightmare scenario was avoided, and we seem to be heading away from the worst...as the OP stated, Let's hope this is a sign of things to come.

a777pilot · Jan 18, 2013

Going backward at a slower pace is not a recovery. Increasing taxes, piling on more and more regulations, continuing to degrade those that are or want to work and be successful, just is not going to bring about a robust economy.

misterveritis · Jan 18, 2013

Another Tyrant Identified

myp said:
Let's hope this is a sign of things to come. If only we can remove silly uncertainties in the market like the debt ceiling nonsense.

http://www.reuters.com/article/2013/01/17/us-usa-economy-idUSBRE90E0KL20130117

Is there no level of theft you do not support?

misterveritis · Jan 18, 2013

The "Why" is very Simple

tecoyah said:
In this, I must bow to those who know far more than I ever will. Though it is clear our recovery is far from aggressive, I am not privy to the details involved in the "WHY". and must therefore trust in the people who do. I have witnessed a small miracle already, in that the nightmare scenario was avoided, and we seem to be heading away from the worst...as the OP stated, Let's hope this is a sign of things to come.

The "Why" is very simple. We have a massive regulatory state with nearly 90,000 federal regulations that cover every facet of our lives. Compliance takes about a trillion dollars out of the economy unnecessarily.
We have an exceptionally complicated tax law with extraordinarily high taxes for the productive with props, the New Slavery, for the unproductive.

If you want growth roll back the administrative, regulatory state and simplify the tax code.

tecoyah · Jan 18, 2013

misterveritis said:
The "Why" is very simple. We have a massive regulatory state with nearly 90,000 federal regulations that cover every facet of our lives. Compliance takes about a trillion dollars out of the economy unnecessarily.
We have an exceptionally complicated tax law with extraordinarily high taxes for the productive with props, the New Slavery, for the unproductive.

If you want growth roll back the administrative, regulatory state and simplify the tax code.

While I am sure you have reason to believe as you do, the "WHY" is likely far more complicated than such talking points reveal. Considering the individuals I have come to respect as studied and proficient in these matters disagree with your assessment...I too must find it rather poor.

Finding opinions with little useful data is a very simple thing to do...I would hope for something better here.

misterveritis · Jan 18, 2013

Some are Useful Idiots

tecoyah said:
While I am sure you have reason to believe as you do, the "WHY" is likely far more complicated than such talking points reveal. Considering the individuals I have come to respect as studied and proficient in these matters disagree with your assessment...I too must find it rather poor.

Finding opinions with little useful data is a very simple thing to do...I would hope for something better here.

Understood. You prefer to remain in your low-information state.

You find my assessment poor because of your collectivist beliefs. If you were an individual it would be clear for you.

tecoyah · Jan 18, 2013

misterveritis said:
Understood. You prefer to remain in your low-information state.

You find my assessment poor because of your collectivist beliefs. If you were an individual it would be clear for you.

......Thanx.....

David · Jan 18, 2013

misterveritis said:
Understood. You prefer to remain in your low-information state.

You find my assessment poor because of your collectivist beliefs. If you were an individual it would be clear for you.

Says the guy using the internet, the closest thing Humans have ever come to a hive mind...

a777pilot · Jan 18, 2013

We are the Borg. Resistance is futile.

tecoyah · Jan 18, 2013

I am Lecisius

a777pilot · Jan 19, 2013

tecoyah said:
I am Lecisius

You wish.

At least I have the proper hair cut.

Jobless claims drop to five year low

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