Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Krusher on September 15, 2005, 02:04:25 PM

Title: US jobless claims at 10-year high
Post by: Krusher on September 15, 2005, 02:04:25 PM
Katrina has whacked the US economy and this is the first big numbered indicator.

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US jobless claims at 10-year high -
The US Labor Department said 71,000 people signed up for benefits last week - with 68,000 of those claims directly attributable to the effect of Katrina.

The increase is more than was seen after the 11 September terror attacks.


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I wonder how long it will take before the usual suspects start calling it the "Bush Economy" or the worst economy in 50 years or some other nonsense.
Title: US jobless claims at 10-year high
Post by: AKS\/\/ulfe on September 15, 2005, 02:54:13 PM
Why didn't Bush create jobs? Imagine, he could have put all those claiming benefits to work cleaning up. How to pay for them? Why with oil of course!
-SW
Title: gasp!!!
Post by: Shane on September 15, 2005, 04:14:00 PM
(http://www.onpoi.net/ah/pics/users/170_1126818802_bush.jpg)
Title: US jobless claims at 10-year high
Post by: Maverick on September 15, 2005, 05:10:23 PM
Uing this as an indicator for the overall economy is bogus. The jobs issue is a short term situation for the ones related to Katrina. :rolleyes:

(You're right this rolly eye is definately not as good as the original!)
Title: Re: gasp!!!
Post by: Staga on September 15, 2005, 06:13:14 PM
Quote
Originally posted by Shane
(http://www.onpoi.net/ah/pics/users/170_1126818802_bush.jpg)


ROTFLMAO :rofl
Title: US jobless claims at 10-year high
Post by: Meatwad on September 15, 2005, 06:46:58 PM
Fix some of the joblessness and build some refineries. If tree huggers or activists get in their way, squish em. Dont think they can stop a 'dozer with their squishy bodies.
Title: Re: US jobless claims at 10-year high
Post by: SOB on September 15, 2005, 08:05:27 PM
Quote
Originally posted by Krusher
I wonder how long it will take before the usual suspects start calling it the "Bush Economy" or the worst economy in 50 years or some other nonsense.

Fortunately, we don't need to wonder how long it will be before the usual suspects create their own little scenario to rage against.  The real question is; how long will it take Gunslinger to get here?
Title: Re: Re: US jobless claims at 10-year high
Post by: Gunslinger on September 15, 2005, 10:08:58 PM
Quote
Originally posted by SOB
Fortunately, we don't need to wonder how long it will be before the usual suspects create their own little scenario to rage against.  The real question is; how long will it take Gunslinger to get here?


not too long I guess  :cool:

Personally.....I dont care.  I have really given up on Bush and could really care less what he does anymore.

The economy is going to take a hit for sure.  I'm just hoping the housing market doesn't go bust before March (I'm buying a house in San Antonio in march)

Heck he should just cut a trillion in taxes then spend a couple hundred billion here and a couple hundred billion there a few more times and all will be good right?
Title: Re: Re: Re: US jobless claims at 10-year high
Post by: DREDIOCK on September 16, 2005, 12:02:01 AM
Quote
Originally posted by Gunslinger
not too long I guess  :cool:



The economy is going to take a hit for sure.  I'm just hoping the housing market doesn't go bust before March (I'm buying a house in San Antonio in march)

Heck he should just cut a trillion in taxes then spend a couple hundred billion here and a couple hundred billion there a few more times and all will be good right?


Actually while it may be a hit on the economy I think it will be a short term hit that in the end will result  in a positive for the economy.

All that rebuilding will have to mean job creation. Increased sales in building supplies in everything that goes with it
And what investor in his right mind wouldnt want to develop in N.O.?
Its only one of the most famous cities in the world

Mark my words. In the end this will turn out to be a boom and like it or not. "Boosh" is going to come out of it smelling like roses
Title: Re: Re: Re: Re: US jobless claims at 10-year high
Post by: Gunslinger on September 16, 2005, 12:26:44 AM
Quote
Originally posted by DREDIOCK
Actually while it may be a hit on the economy I think it will be a short term hit that in the end will result  in a positive for the economy.

All that rebuilding will have to mean job creation. Increased sales in building supplies in everything that goes with it
And what investor in his right mind wouldnt want to develop in N.O.?
Its only one of the most famous cities in the world

Mark my words. In the end this will turn out to be a boom and like it or not. "Boosh" is going to come out of it smelling like roses


That could happen.  I heard a talking head make some good sense today in that one positive effect of these "evacuees" is that they have been dispersed out so much that this impact might be short lived and they may be better off for the most part.
Title: US jobless claims at 10-year high
Post by: Charon on September 16, 2005, 08:19:14 AM
Quote
build some refineries. If tree huggers or activists get in their way, squish em.


What if the industry doesn't want to build new refinieries? How many did it shout down after 1980 deregulation? 150 or so of the 300 or so we had? No tree huggers involved in that.

They may want to build one or two in today's market, but overcapacity doesn't make much business sense.

Charon
Title: US jobless claims at 10-year high
Post by: ASTAC on September 16, 2005, 08:28:35 AM
Joblessness is an illusion, mainly because thos ethat lose their jobs working for a certain amount of money, refuse to take jobs considered "beneath" them for less pay.

There is work for anyone who truly wants to work...If there wasn't then how do they explain the immigration problem?
Title: US jobless claims at 10-year high
Post by: Sandman on September 17, 2005, 01:30:23 AM
Quote
Originally posted by ASTAC

There is work for anyone who truly wants to work...If there wasn't then how do they explain the immigration problem?


According to a few people on this BBS, our welfare system explains the immigration problem quite nicely.
Title: US jobless claims at 10-year high
Post by: Sixpence on September 17, 2005, 01:51:09 AM
Quote
Originally posted by Sandman
According to a few people on this BBS, our welfare system explains the immigration problem quite nicely.


That was good, even for a raiders fan