The economic recovery turns 2 — feel better?

by Guest Mon Jul 04, 2011 11:07 pm

But if the Great Recession is long gone from Wall Street and corporate boardrooms, it lingers on Main Street:
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— Unemployment has never been so high — 9.1 percent — this long after any recession since World War II. At the same point after the previous three recessions, unemployment averaged just 6.8 percent.

— The average worker's hourly wages, after accounting for inflation, were 1.6 percent lower in May than a year earlier. Rising gasoline and food prices have devoured any pay raises for most Americans.

— The jobs that are being created pay less than the ones that vanished in the recession. Higher-paying jobs in the private sector, the ones that pay roughly $19 to $31 an hour, made up 40 percent of the jobs lost from January 2008 to February 2010 but only 27 percent of the jobs created since then.

http://www.msnbc.msn.com/id/43611768/ns/business-stocks_and_economy/t/economic-recovery-turns-feel-better/

by jmainframe Tue Jul 05, 2011 4:45 am

Yup, now they figured out how to manipulate an economic depression, simply by cooking the books. Where's the checks and balances? Who's responsible for overseeing the economic data being reported by businesses and the government?

Obviously, somebody's watching, otherwise stories of an uneven, jobless recovery or corporate greed wouldn't be surfacing. Still, despite this, no one's being held accountable for this fraud being committed at the highest levels of government and/or the largest former American corporations.

Maybe the truth is, things are so bad that they feel that WE CAN'T HANDLE THE TRUTH!!

by Guest Tue Jul 05, 2011 7:31 am

jmainframe wrote:Yup, now they figured out how to manipulate an economic depression, simply by cooking the books. Where's the checks and balances? Who's responsible for overseeing the economic data being reported by businesses and the government?

Obviously, somebody's watching, otherwise stories of an uneven, jobless recovery or corporate greed wouldn't be surfacing. Still, despite this, no one's being held accountable for this fraud being committed at the highest levels of government and/or the largest former American corporations.

Maybe the truth is, things are so bad that they feel that WE CAN'T HANDLE THE TRUTH!!

Of course we can handle it - we are living this hell! They are the ones who can't handle it because they have no clue how to stop this crisis without taxing their rich buddies!

by Guest Tue Jul 05, 2011 8:52 am

I believe partially they can't handle the truth because they will be accountable for causing this "truth". I also really believe that the diversions to every extension of unemployment were dragged on and on because "they" not only can't handle the truth, they really have no idea how to fix this. They have given in and given in to corporate heads and won a biggie with the Supreme Court decision to allow corp. to contribute, now they are financed by them. They can't fix what they have allowed themselves to do, they are now so to speak, owned.

If the real unemployment numbers are published, the markets take a hit, foreign investment takes a hit, the Fed takes a hit and then these very companies sitting on cash take a hit and they won't hire then. We won't have to worry about the debt ceiling, it will be the crash around the world and they do know that. So in the meantime, the 99ers and the unemployed and the underemployed and the employed who haven't seen their incomes rise through all of this, will continue to suffer. If we want it fixed, we have to keep screaming, keep writing, attend the town halls and continue to expose them for who and what they stand for. Remember, follow the money.

by **Jobless_in_Ma** Tue Jul 05, 2011 9:47 am

I really dont think we can do a thing about whats happening until election time. Those who voted for this last November, SHAME ON YOU!
I wish the average American would wake up and take note of what is happening and who is responsible for it. Until that happens I expect more of the same. there is no incentive for companies to start hiring again and the politicians think they are safe with their "Cush" job.

by exhaustedandtired/1208 Tue Jul 05, 2011 10:56 am

they absolutely do not care, but we are used as election pawns! They talk about the poor unemployed and yet do nothing and ignore! Obama cures unemployment by announcing 2015 innovations to fix 2011 problems. I'am sure everyone cheered. And the repubs. are playing politics to assure a bad economy and no jobs to gain leverage in 2012... Every bum should be voted out!!!

by Guest Tue Jul 05, 2011 11:27 am

I don't think anyone feels better 1208. I agree, we are all exhausted with the political theater we are treated to on a daily basis. But remember which side is fighting for our benefits and which side isn't. The stalemate continues.

We all have an opportunity to get our voice heard tomorrow afternoon. Start lining up your questions, if you don't tweet, use the thread set up for us to ask the question for you.

Please all members, this is our chance, don't just relive the last three years here, ask your questions, let the President see what we are living with. The economic recovery turns 2 — feel better? 34243