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Viper
Former repub, still repenting
10:21 PM on 01/29/2011
Note in EU they use equivalent fulltime workers to get unemployment... That means where as 2 people working 15 hour weeks there count only as one person being employed and not like 2 here being employed... Thats the way employment s/b counted. For eample a construction worker who use to work 50 hour weeks and is now only working 25 hour weeks here is considered fully employed. The EU will always have higher unemployment numbers.

And they dont have people retired from the job market labor force as we do when a person is selling stuff on Ebay, or goes to school to take a course so he can get a job and is thus nolonger considered in the U.S. labor force..or after 90 weeks it is assumed he is nolonger looking..

How do you think that unemployment numbers did not jump under Bush when construction came to a complete stop, no private sector jobs created in 8 years compared to 22.5 million under Clinton (Bush actually lost close to one million in private sector jobs) and even though our population grew 30 million under Bush, the workforce number used to figure unemployment was 95% of the Clinton number. Note also the jump of .5% even as we added jobs under obama in 2009 , was do to correcting some of the BUSH accounting numbers.

In reality... we may have the highest number. And the EU bailout is LT our 160billion AIG bailout.
10:56 PM on 01/29/2011
Agreed. Even the u6 is 17% and that's just an incomplete starting point to what the actual unemployment rate is.
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11:01 PM on 01/29/2011
Interesting. What malagarky. What crooks.
09:51 PM on 01/29/2011
So much about super expensive speed railways as a way to advance the economy.Obama, any other ideas?
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Viper
Former repub, still repenting
10:29 PM on 01/29/2011
They are made in Germany and they are doing quite well! What is your problem ... is being 30 years behind the rest of the world not far enough or would you rather spend 350 Billion on a fighter that CANT fly in the rain... or 50% of the time is under repairs? Or buy the largest airforce contract from AEROBUS, a100% government owned company in the EU!!!

Germany with a population of just 82 nillion exports more than us, has 7 week paid vacations.. not one week as here on average, shorter work weeks, national helathcare, paid for clleg, export rebates and anti outsourcing,100% unionized and they are not exporting 3rd world products like us.. WE owe the EU money.. not the pother way around...

China is moving that way as is the rest of the world and we have nothing to sell into those markets.... because we make nothing! Its a much biiger payback than spending 20 billion to send 3 men to MARs...maybe..

I guess computers,ships, TV, stereo, IPODs, Iphones, cells, appliances and etc are not a big deal either since we make none of them either.. or high end medical equipment.

And of course until Obama we made no batteries ( now 11 plants are up). no windmills turbines or solar p[anels whih he the stimulus started up and of course he did save the last of our major industry.. the auto industry!

Regards
11:42 PM on 01/29/2011
High speed trains... another way to take away people's individuality, freedom to go and drive whenever, where ever one wishes. Liberal control freaks.

What does one do at the end of your EXPENSIVE, over budget by BILLIONS train ride? Rent a car? LOL Dummies.
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11:02 PM on 01/29/2011
He can't stick with his most popular ideas is one of his biggest problems...

It's like he wants to be despised.
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mountainweb
Conservative Commonsense
11:18 PM on 01/29/2011
He does seem to be working hard to be despised but you have to realize that Nancy and Harry are working against him in the sense they are shifting all the blame for the failures of the Democratic party, ruled by them, onto Obama.
09:41 PM on 01/29/2011
Another fine example of flawed European style socialism.
09:44 PM on 01/29/2011
Oh, please are unemployment rates are equal if not higher then Spain. I'll bet you are one of those willfully ignorance propaganda viewer's of Fox.
09:50 PM on 01/29/2011
And "progressives" here, Democrats in control of the congress (control of committees, laws, budgets an, spending) Nov 2006 -Nov 2010 left their mark. I'll debate you any day of the week.
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marknez21
10:48 PM on 01/29/2011
Are unemployment is more than 9.7%, in the unemployment statistics our government do not include all unemployed and underemployed people in the statistics.
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Viper
Former repub, still repenting
11:18 PM on 01/29/2011
Yes , 60% of the people in the EU are happy with their jobs and have highe rproductivity than us.. while 60% of Americans are not happy with their jobs..

Y that along with ebvery other stat woul tend to indicate that their socaiaism spent on the welfare of the people and thier infrastructure versus our socialism spent on the top one ppercent and 20 times more on defense seems to work better... and 60 years ago they were completely bombed out and half of germany was a communist country and little germany has higher wages and exports more than the U.S.

Regards!
09:38 PM on 01/29/2011
Spain is just another country where this will probably happen again because none of the criminal bankers who made billions out of every day people have been charged.
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Viper
Former repub, still repenting
10:45 PM on 01/29/2011
Spain, Ireland and Greece were the darlings of the repug party as they like our south raced to the bottom lowering taxes, killing regulations and in the end just like our southern states that raced to the bottom for 50 years.. they are still the poorest states even after merely stealing other couuntries or states jobs.. I guess if you race to the bottom you dont get richer,. spome one else just gets a bit poorer. And our red Sates like the Irelands are being p bailed out by the blue states with their tax dollars... where much more go tot welfare red states.

The EU has trade surpluses unlike us, better education and heathcare and exports 50% mre than us and its not 3rd world raw material ,, scrap and corn! Thye dont have a 3.5 trillion infrastructure probplem and they are on their way to being Green, have cap and trade and now produce electric 3 times more efficently than us.. have shorter workweeks and earlier retirement... And the rich repugs buy their 100% union built Mercedes and Porches and BMWs and thye hate their socialism and as the south builds them and the Japanese socialist with there national healthcare, national industrialization plans. plants for them to assemble their products here ( note assembly represents about 3% of the sales price).

Regards

Pls note that the EU bailouts hower are less than pour bailout of just AIG.. a private company.

Regards
kmichal2000
just netflix Burzynski
11:03 PM on 01/29/2011
Socialist Spain was a "darling" of the GOP?
What are you smoking?
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mountainweb
Conservative Commonsense
11:21 PM on 01/29/2011
Insert rich Democrats instead of Republicans and you have the real truth...
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10:58 PM on 01/29/2011
Just like the U.S. that only fines bankers for laundering drug money...

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=asU.b_fCjHTE
Wachovia's Drug Habit - Bloomberg.com
12:21 AM on 01/30/2011
Trillions go stolen by the government... Hello Leftist... Hello!!!
outnow
Ban the bomb
09:14 PM on 01/29/2011
They are the actual numbers in Spain but the US unemployment numbers are intentionally less than actual unemployment. In the US, according to Shadow Statistics by John Williams, the unemployment figures are as high as Spain's unemployment.
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naschkatze
A free man creates himself.
09:27 PM on 01/29/2011
I believe it. I live in the eastern half of Oregon and it is depression, not recession, here. Someone was offering a free list of foreclosed homes under $30,000.
09:02 PM on 01/29/2011
Paul Krugman had an analysis of the economic conditions in Greece, Spain, and Portugal which makes sense (unlike most economists...). He said that they needed to devalue their currency in order to make their exports more attractive and create jobs at home. This would also have the effect of reducing their debt (relative to other currencies) to other countries and making it easier to pay back.

Unfortunately, these three pauper countries who have gotten themselves into too much debt can't fix their economices by devaluing their currencies because they are all now on the Euro. Prosperous countries in the European Union, like Germany, are opposed to devaluing the Euro because their economies are healthy and they don't owe too much money. They are the lender countries and don't want their loans devalued.

What a painful mess.

We are in a similar situation in the US with our dollar - the "global" currency, over which we now have limited control. We also cannot devalue our currency because we owe too much money to other countries like China holding our debt, even though we print dollars and "stand behind" them. Unfortunatelyu, we don't elect leaders with the courage to suggest devaluing the US dollar, or raise voters with the knowledge that devaluing the dollar would be a painful short term but great long term - for getting out of debt and regaining almost full employment simultaneously.

So we continue stuck with 9.5% visible unemployment and 20% actual unemployment.
Gasparilla
newspapers, your local watchdog
09:12 PM on 01/29/2011
The problem is that after we paid off our debt with that devalued currency we would go right back to spending what we don't have.
09:47 PM on 01/29/2011
Paul Krugman...? Devalue the dollar even more as it slides? Pleaseee...
09:01 PM on 01/29/2011
ours is likely almost as high
Europe calculates their unemployment rates differently then we do.
Our 13% is their 16 or 17%
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08:42 PM on 01/29/2011
And it's going to deteriorate even further as more and more austerity measures are put in place.
08:04 PM on 01/29/2011
Spain will descend into chaos soon enough.
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07:54 PM on 01/29/2011
It's not the green initiatives that are the detriment. Sweden is the leader of green, renewable and clean energy, and it's recovered nicely form the recession. http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=SEK
I would look instead at the recent deregulation in Spain that is spurring on high unemployment.
08:30 PM on 01/29/2011
Dear babushka,

It is their debt that is causing it has they produce to little and consume to much, they just stopped manufacturing goods.

Any country that wants to be a service nation, should travel to Haiti, they are a service nation.
07:44 PM on 01/29/2011
In the spirit of competetiveness, obama is trying to surpass Spain.
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07:41 PM on 01/29/2011
Meanwhile, in the US:
Austerity Policies Worsen Racial Economic Inequalities
Whites are three times more likely than Blacks and 4.6 times more likely than Latinos to have incomes of $250,000 or more, and thus receive a disproportionate benefit from the extension of the Bush tax cuts for top-tier earners.
http://www.faireconomy.org/press_room/2011/new_report_explains_that_austerity_policies_worsen_racial_economc_inequalities

Way to go, Obama!
07:46 PM on 01/29/2011
whereas a disapportionate percentage of african americans and latinos don't pay federal taxes at all, and so couldn't benefit from any non-existent tax breaks..
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08:38 PM on 01/29/2011
Well, when a disproportional amount of all the riches in this country go to one racial group that's what happens. Will you stand with us in support of a living wage?
07:38 PM on 01/29/2011
If we could not solve the worlds problems of poverty, hunger and despair
when the world had 5 billion people and adequate resources how will we
support a planet of 9 billion people and limited resources.

The world adds a billion people every 12 years.

Limited resources meets an ever expanding population. Something or someone
will be left out. It's like musical chairs. you don't want to be the one left standing.
07:47 PM on 01/29/2011
so you believe in the malthusian verdict?
Gasparilla
newspapers, your local watchdog
07:56 PM on 01/29/2011
No matter what "verdict" one believes in, we are straining the natural resources of the planet to the max. That's why a lot of fisheries have become almost totally fished out. Cod used to be so plentiful there were no limits at all on catching it, and now the population has crashed to next to nothing.
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Hansy Peguero
10:10 PM on 01/29/2011
I believe in birth control and responsible parenting. Not bringing too many kids in to the world is a good beginning.
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Paperless Tiger
07:48 PM on 01/29/2011
You must apply number, weight, and measure, and then everyone will have enough. Even Pharaoh knew that.
07:23 PM on 01/29/2011
Sounds like Obama is following Spains strategy of "Investing". This is what happens when you let the lefties run the show......
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colah
Sometimes I sit & think. Sometimes I just sit.
07:38 PM on 01/29/2011
You cant use that as an excuse anymore.
Whatever "happens" now is a joint venture.
Sorry.
07:47 PM on 01/29/2011
why? because the progressives say so?
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greeneyes51654m
Retired, finally...
08:02 PM on 01/29/2011
Absolutely true.
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jerzygurl
07:21 PM on 01/29/2011
Conditions in Spain rapidly coming to a State or City near you. I guess that "Green Economy" didn't work out too well over there either.
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colah
Sometimes I sit & think. Sometimes I just sit.
07:40 PM on 01/29/2011
You "guess" huh?
Maybe check out China before you head back to Bedrock.
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jerzygurl
07:43 PM on 01/29/2011
Obama was lauding Spain for its "Green Economy" & job creation. Spain confirms that the country's "green economy" policies — the model for the Obama administra­tion's "green jobs" efforts — have been a disaster: expensive, ineffectiv­e, and unworkable.
07:48 PM on 01/29/2011
you can't possibly be pretending china is a green nation?
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07:55 PM on 01/29/2011
It's not the green initiative­s that are the detriment. Sweden is the leader of green, renewable and clean energy, and it's recovered nicely form the recession. http://www­.tradingec­onomics.co­m/Economic­s/GDP-Grow­th.aspx?Sy­mbol=SEK
I would look instead at the recent deregulati­on in Spain that is spurring on high unemployme­nt.
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jerzygurl
08:13 PM on 01/29/2011
Quit with a desperate try at spin. Obama lauded Spain for its effort & said it was a model for the US to duplicate.  Sweden's GDP is 1/3 of Spain's.