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  1. #1
    Senior Member AirborneSapper7's Avatar
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    Con Cantor R-VA puts unemployment situation in perspective

    Congressman Eric Cantor (R-VA) puts the unemployment situation in perspective: http://republicanwhip.house.gov/newsroo ... ort-3.html

    Even if the economy added 250,000 jobs every month, it would take nearly five years to get back to full employment. Five years is too long. It doesn't help matters that job creators have already indicated that the new health care law will substantially increase their costs causing workers to lose their jobs.

    Now ~ Put that into context of a Goof Ball Gooney Goo Goo Democratic Party / RINO perspective of adding another 20 - 38 million Illegal Alien Work Force

    ALIPAC has been keeping you in the fight ~ It's your turn America

    GET OFF THE DAMN COUCH; PUT THE BEER DOWN AND PUT THESE OUT OF CONTROL MEGALOMANIAC / NARCISSISTIC GOOF BALL POLITICIANS IN THEIR PLACE

    NO AMNESTY ~ NOT NOW; NOT TOMORROW; NOT EVER

    THE FEDERAL GOVERNMENT CANT FOLLOW OUR LAWS ~ DAMN THEY DON'T EVEN READ THEM

    The also Allow Illegal Aliens to BREAK our Laws; but if you the TAX PAYER raise your voice you are a Disloyal Citizen and should be monitored by DHS ... I don't think so Chief

    You are expected to follow the law to a T ~ We all have heard the ignorance of the Law is No Excuse: I'll tell ya right now they can kiss my back side

    If the Federal Government can't Follow the Laws and allow Illegal Aliens / Mexico to TRAMPLE on them: It's time to PUT'em ALL ON THE C A R P E T and Lay down the Law to Lottie, Dotty and EVERY DAMN BODY

    If you cant do you job ~ YOUR FIRED; you wasnt given an option; If you REFUSE to do your job ~ GET THE HELL OUT OF THE WAY and Oh ~ YOUR STILL FIRED

    FOR EVERYONE ELSE ~ WHO IN THE HELL INVITED YOU (That Includes that 3rd World Country (FAILED STATE) MEXICO)
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member AirborneSapper7's Avatar
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    FOR IMMEDIATE RELEASE CONTACT: Megan Whittemore
    May 7, 2010 (202) 225-7440
    Cantor Statement on Unemployment Report

    WASHINGTON, D.C. – Congressman Eric Cantor (VA-07) today issued the following statement after the Bureau of Labor Statistics issued its unemployment report:

    “An employment report that shows job growth is always a good thing, period. What concerns me, however, is whether we are creating long-term, sustainable jobs that will help America reclaim its place as the world’s sole economic superpower. The agenda being pursued by Democrats in Washington—fueled by a spend-now, pay-later governing philosophy—is a barrier to the kind of job growth that America so desperately needs.

    “Out-of-control spending in Washington has produced a Mount Everest of debt that we are asking future generations to climb. Even if the economy added 250,000 jobs every month, it would take nearly five years to get back to full employment. Five years is too long. It doesn’t help matters that job creators have already indicated that the new health care law will substantially increase their costs causing workers to lose their jobs.

    “I look at the horrible images coming out of Greece and I am struck by the reality of what can happen when a country goes on a shopping spree without paying its bills. Thank goodness America is not at that point. We have time to right the ship and get serious about tackling our own debt crisis. But we have to start now. Until we do, sustainable job growth may not be possible.

    "Beginning this month, college seniors will receive their hard-earned diplomas and go out in search of jobs that will be hard to find. We owe it to them—our future innovators and job creators—to start acting responsibly in Congress."

    ###

    http://republicanwhip.house.gov/newsroo ... ort-3.html
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  3. #3
    Senior Member AirborneSapper7's Avatar
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    Sluggish Economic Recovery Keeps Unemployment High

    Thursday, 27 May 2010 01:55 PM

    High unemployment isn't going away.

    The slow-motion pace of economic growth shows the recovery isn't vigorous enough to generate enough jobs for 15.3 million unemployed people. And a still-elevated number of new filings for jobless benefits suggests layoffs continue to complicate the problem.

    Two government reports Thursday offered new evidence on all of those fronts.

    For many Americans, it doesn't feel much like a recovery.

    The unemployed face fierce competition for job openings. Those with jobs are watching their paychecks shrink. A growing number of people are at risk of falling into foreclosure. And people with only the most stellar credit are likely to get a new loan.

    "We're out of recession, but the recovery is not going to bring a whole lot of smiles," said Joel Naroff, of Naroff Economic Advisors.

    The economy grew at a 3 percent annual rate from January to March, according to a new estimate released by the Commerce Department Thursday. The new reading, based on more complete information, was slightly weaker than an initial estimate of 3.2 percent a month ago.

    Consumers spent less than first estimated. Same goes for business spending on equipment and software. And, the nation's trade deficit was a bigger drag on economic activity. Those factors led to slower growth last quarter than first estimated.

    In a separate report, the Labor Department said the number of newly laid off workers filings claims for unemployment benefits fell to 460,000 last week. But the latest level of claims is actually higher than it was at the start of the year.

    By this point in the recovery, economists had hoped claims would be in the 400,000 to 425,000 range. That would signal more robust job growth was on the way.

    The economy did add a net 290,000 jobs in April, the most in four years. However, much stronger job growth is needed to drive down the 9.9 percent unemployment rate.

    Wall Street looked past the disappointing U.S. economic reports and focused on China. Stocks surged after China reassured investors it doesn't plan to sell any of the European debt it holds. The Dow Jones industrial average was up nearly 200 points in afternoon trading.

    During normal times, expansion in the 3 percent range would be considered healthy for the U.S. economy. But the country is coming out the worst recession since the Great Depression. So growth needs to be stronger — two or three times the current pace— to make a dent in the jobless rate.

    Economists say it takes about 3 percent growth to create enough jobs just to keep up with the population increase. It would have to be about 5 percent for a full year just to drive the unemployment rate down 1 percentage point.

    After the last severe recession in the early 1980s, GDP grew at rates of 7 to 9 percent for five straight quarters and the unemployment rate dropped from 10.8 to 7.2 percent in 18 months.

    Economists don't see that happening this year. In fact, expansion in the first quarter was slower than the 5.6 percent rate in the final quarter of 2009. But economists had predicted that growth spurt would fade.

    GDP measures the values of all goods and services — from machines to manicures — produced within the United States. It is the best measure of the country's economic health.

    The National Association for Business Economics predicts moderate economic quarterly growth in the 3 percent range through the rest of this year.

    The outlook means employers won't feel comfortable about bulking up their work forces.

    Employers would need more confidence that sales will rise enough for them to ramp up hiring and raise workers' pay, analysts say. Shoppers need to be able and willing to borrow more. And Americans need to rebuild more of their household wealth, especially equity lost from home values that tanked during the recession.

    Businesses are now faced with new worries about how Europe's debt crisis will affect their sales. Exporters, for example, are expecting to see slower sales from Europe, which could constrain hiring. Wall Street turmoil in response to Europe's woes could make those who have retirement savings invested in the stock market spend less.

    Housing and commercial real-estate are major weak spots for the economy. Builders cut spending in each by double digits in the first quarter.

    Christina Romer, head of the White House Council of Economic Advisers, said in Paris Thursday that it would be a mistake for the U.S. to rapidly wind down stimulus measures.

    Her comments come as federal lawmakers are at odds over a long-term extension of unemployment benefits. Democrats would like to pass the emergency spending measure before they go on vacation next week. But Republicans and conservative Democrats are pushing back over the price tag.

    House leaders hope to vote Thursday on the bill. The Senate would follow.

    If Congress doesn't act, thousands of people would begin to lose jobless benefits when an extension of unemployment insurance expires next week. A 65 percent subsidy for health insurance benefits for the unemployed under the COBRA program also expires.

    Even with the federal relief, economists don't expect the economy to snap back.

    "Recovery will be a long, drawn-out slog," said Nigel Gault, chief U.S. economist at IHS Global Insight.

    http://www.moneynews.com/Economy/US-Eco ... /id/360339
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  4. #4

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    Yes, unemployment is not going away UNLESS illegal aliens go away, offshoring is penalized, and NAFTA and other UNFree and UNfair trade agreements are "fixed." For trade to be truly free it must be truly fair. That is why trade within these United States made us prosperous, and why neo-con and liberal "FREE" trade is not free at all -- it is putting us all in the poor house. China pays its workers $100 a month for working 16 hours a day 7 days a week! That is as close to slavery as you can get. End that BS now by TARIFFS on such unfair trade nations.

    Right now there are about 23 MILLION illegal aliens in the United States and there are about as many unemployed. Get rid of the illegals and wages will go UP (good) and jobs will become available. But BIG business and the Chamber of Commerce and the FED and the big Bankers and Tycoons of Wall Street will not like that -- they are unpatriotic and belong to the MULTI national, tycoon club. Jobs for Americans...America for Americans!

    Right now if we JUST control the borders, catch and fine employer cheats who hire illegals and believe me they KNOW when illegals are working for them -- $2 to $5 an hour under the table, and check immigration status during routine police work.... won't even need to deport illegals they will self deport and BAM millions of jobs.

    Oh but folks say nobody wants to pick tomatoes or do my laundry. Well not for 50 cents an hour no. Believe in FREE enterprise -- wages will adjust within a fair market to a fair wage -- the Bible does say a servant is worthy of his hire... Allow wages to be FREE market -- offshoring and illegal aliens and FREE TRADE are ways to keep wages down and unemployment high so tycoons can make that extra million for their new yacht this spring.
    Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself.

  5. #5

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    MarkB,

    You are right on the money, and I would add one other thing:

    All foreign workers must be stopped. There are 23 foreign worker visa programs that bring in 75,000 foreign workers each month!

    If you connect the dots of this economic crisis America now faces, you can link it directly to the policies of employing foreigners over Americans, i.e. NAFTA, foreign worker visas, and the advent of outsourcing.

    Immigrants who came to this country in the early 1900's, and who came through Ellis Island were put through a rigorous testing were asked a series of questions, one of which was "Do you have a job waiting for you here"? If the answer was yes they were immediately put in the line for prompt deportation. The reasoning was that if the immigrant already had a job waiting for him, he was taking it away from an American citizen.

    Please don't interpret my thoughts on this as anti-immigrant. I come from immigrants, and as an American I value their sacrifice and contribution to this nation as only an American born of immigrants can.

    We've got to circle the wagons. We must send all foreign workers on visa programs out, we must end all legislation allowing outsourcing, and each and every illegal alien criminal invader must be deported at once.

    The recovery only begins when all Americans are gainfully employed. That can't happen when foreigners are holding our jobs.
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  6. #6

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    Absolutely Malena29 -- all immigration and guest worker permits should be frozen when the national unemployment rate is above 4.1% in my opinion. Good call!
    Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself.

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