Originally posted by Holden McGroin
Total non farm employment:
Dec 2003, 146.9 million Jobs
Dec 2004, 148.2 million Jobs
Dec 2005, 150.2 million Jobs
Just how does "US governmental deficit, trade deficit and personal debt based on housing speculation" make 150.2<146.9 ?
It doesn't, but NUKE didn't just state the figures. He said that they ment that the US economy was doing well.
You have a town of 100 people. 10 are unemployed. The municiple government taxes the other 90, and hires 6 of the unemployed. 3 to dig holes, and 3 to fill them in.
This is bad for economy because the other 90 people have less money to buy the things they demand or to invest. If the other 90 had that money to spend on stuff or invest, then jobs would be created in order to meet that demand. What's more because labour has now become more scarce it has become more costly for companies to employ labour. This hurts the companies and increases unemployment.
It's worse if the government goes into debt and hires labour because they now have to pay interest on thier ****ing with the economy.
Job hires based personal debt to invest in speculation suck as well. The resultant product is surplus to the actual economic demand. Heck it's not even "need" economically. Demand is need with money to purchase it.
Job growth based on wise investment into sectors of the economy were their is demand that is not being met is good. Job growth based on socialist fallacies and people making poor financial decisions isn't.
PS: "Its Buffalo. Everything is bad.
Except the Sabres."
Said the same about the Sens...earlier in the season.
