PSX5Central
Non Gaming Discussions => Off-Topic => Topic started by: clips on November 20, 2008, 05:25:01 AM
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I know some probably don\'t care about this, but if you\'re unemployed this can impact you immensely.
http://www.yahoo.com/s/990394
"The bill before the Senate would provide seven additional weeks of coverage for those who have exhausted their unemployment benefits."
"The measure also would provide 13 more weeks of unemployment benefits, beyond the 26 weeks of regular coverage, for workers in states with at least 6 percent unemployment rates."
"Bush has threatened to veto the bill, calling it fiscally irresponsible."
^^^Whelp so much for bowing out of the presidency gracefully,....seems like bush still wants to be an ass. In today\'s unhealthy job market, folks are going to be out of work longer than usual and yet bush still feels that folks will be able to find work within 6 months......citigroup banking announced earlier this week that they are laying off over 53,000 employess worldwide....that s**t is unreal and bush thinks that this time of unemployment for americans is just business as usual? But you better support his unjust war or he\'ll veto everything under the sun....pathetic.
What a f**king idiot.... anything for the american people and we have to jump thru hoops and so much red tape just for policies that actually makes sense....damn just help people out until they\'re able to get back on their feet....it\'s a no-brainer.
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No.
Republicans want to damage the country beyond repair now so they have a shot in 2012.
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Where will the money come from?
We can\'t just print it out of thin air... actually I guess we could, we do it all the time, and that\'s why our dollar keeps dropping in value.
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Where will the money come from?
We can\'t just print it out of thin air... actually I guess we could, we do it all the time, and that\'s why our dollar keeps dropping in value.
From the same place they recieved that 750 billion or actually 850 billion....again the gov\'t wasted no time in helping out the banks...the argument was "bail them out or face untold catastrophies all over the globe"....bite the bullet and help out those tax payers from which you received a portion of your bailout money from. In todays economy nobody should have to think twice about a decision like that.
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I say leave unemployment the way it is. It\'s generous enough as is. If you have to find work as something undesirable while you wait for something else, so be it.
I actually agree with Bush. We\'ve spent way too much lately.
I mean, we jokingly said how we\'d each like a bail out personally, and that\'s essentially what this is, heh...
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From the same place they recieved that 750 billion or actually 850 billion....again the gov\'t wasted no time in helping out the banks...the argument was "bail them out or face untold catastrophies all over the globe"....bite the bullet and help out those tax payers from which you received a portion of your bailout money from. In todays economy nobody should have to think twice about a decision like that.
I was against that bill too. I am against all bailouts period. These companies won\'t learn anything if they get bailed out.
It\'s not my fault these companies made bad decisions, deal with it.
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Thats how I feel.
Let them go under, there will be new companies to emerge and maybe others can get wealthy instead of the same handful.
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Agree.... There are a lot of small companies that go out of business that account for probably more of the nations economy than these couple of big businesses. Let\'s reward people for doing their jobs shittily.
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Well this thread was actually about bush not extending unemployment benefits..not a bailout of the banks or auto industry....but to piggyback offa the bailout comment, as far as the big three is concerned,...you can\'t throw money at a situation like car manufacturing and expect it will bounce back...if they\'re making cars that people are not buying, they will only continue to build more cars that people don\'t buy, unless they do something drastic.
But part of the reason for the falloff in sales is because of people bein\' layed off...nobody is buying anything right now...but if you don\'t give them a loan, my only concern is for all of those people that would be layed off and i think that would be devastating. It really could go either way.
The unemployment bill? In a nutshell,..the economy is in shambles and it\'s going to take people longer to find work, even college grads with their masters in a specific field are going to have a hard time...so just adjust the unemployment benefits to reflect what is happening with the economy....when things become a bit better, then it can go back to the usual six month referendum.
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"Economy is in shambles"....no it isn\'t. Somalia is in shambles. Let\'s not sensationalize this. Sure the economy right now is shakey at worst but it\'s not in shambles. Jesus Christ.
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WORD...
the sooner you stop the bleeding, the sooner you start healing....jesus, stop handing out money....
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Well, Bush signed it today.
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"Economy is in shambles"....no it isn\'t. Somalia is in shambles. Let\'s not sensationalize this. Sure the economy right now is shakey at worst but it\'s not in shambles. Jesus Christ.
I noticed the headline on the front page of the LA Times this morning was "MARKET IN PANIC."
I do think the news media is contributing to the fear. On the other hand, I wonder how much worse it needs to get before "shambles" is an accurate assessment?
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"Economy is in shambles"....no it isn\'t. Somalia is in shambles. Let\'s not sensationalize this. Sure the economy right now is shakey at worst but it\'s not in shambles. Jesus Christ.
That\'s real easy to say when you still have your home and your job....when you lose both your home and job, then hit me back with your reaction.
WORD...
the sooner you stop the bleeding, the sooner you start healing....jesus, stop handing out money....
I also agree with this....but i\'m kinda on the fence when it comes to the big 3...on the one hand i say let \'em fold, but i\'m kinda worried about the outcome and fallout afterwards, but at the same time, i don\'t feel that giving them money will rectify their dilema.
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The unemployment bill? In a nutshell,..the economy is in shambles and it\'s going to take people longer to find work, even college grads with their masters in a specific field are going to have a hard time...so just adjust the unemployment benefits to reflect what is happening with the economy....when things become a bit better, then it can go back to the usual six month referendum.
Our economy is not in shambles, our standard of living is second to none!
This is a world crisis, not just a US crisis, all economies are down. We still have the number 1 economy in the world. People need to start observing news beyond our borders.
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That\'s real easy to say when you still have your home and your job....when you lose both your home and job, then hit me back with your reaction.
You don\'t know "poor" like I do. Remember, I\'m from a third world country. I had friends who lived in shanties. In America, being poor still means you can have electricity and a fridge and TV. Poor in other countries like where I\'m from is NO electricity and NO running water. You need to look beyond the American borders.
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Our economy is not in shambles, our standard of living is second to none!
This is a world crisis, not just a US crisis, all economies are down. We still have the number 1 economy in the world. People need to start observing news beyond our borders.
You don\'t know "poor" like I do. Remember, I\'m from a third world country. I had friends who lived in shanties. In America, being poor still means you can have electricity and a fridge and TV. Poor in other countries like where I\'m from is NO electricity and NO running water. You need to look beyond the American borders.
I realize that we are still the no 1 economy in the world,..why is it that when we\'re not doing so well, the rest of the world falls in line?...it\'s like a domino effect and i understand that, BUT i don\'t care about what is going on in other countries as far as their economy is concerned..i\'m concerned with the u.s. economy and going by OUR standards and not comparing it to other countries, our economy is in deep s**t.
if other countries dictate how successful we are then maybe your points are valid, but countries look to our success so they can thrive,.....these massive layoffs by various companies that we hear of everyday is indeed a cause for concern...losing your job or home in the u.s. is the equivilent of not having electricity or no water in that 3rd world country....yes it\'s possible that we may recover a bit better than some, but the effects of losing your job and home and in the cold fall and winter months and right before the holidays is devasting and depressing on any level.
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I realize what the real problem is....clips doesn\'t know what "shambles" means.
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So then what does it mean?
What is a shambles for the United States is different from what is a shambles for the Philippines.
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I realize what the real problem is....clips doesn\'t know what "shambles" means.
Hardly...:p...regardless of what term i used to describe this economy, it\'s definitely in bad shape.
"U.S. job losses have been mounting for months. This month, the Department of Labor reported that the economy lost 240,000 jobs in October, bringing the total number of jobs shed in 2008 to nearly 1.2 million. The unemployment rate rose to 6.5 percent, a 14-year high, last month."
"Companies reporting layoffs in the past week include Citigroup, which slashed 20 percent of its work force, or 50,000 jobs, the biggest cut by a corporation in 15 years. Financial services firm Fidelity Investments announced that it will cut 1,700 jobs, and Sun Microsystems reported that it would lay off 6,000 people, or 18 percent of its work force"
^^^These type of scenarios are going to continue to weaken the economy and it is also going to further deepen the foreclosure crisis. With so many folks out of work, it\'s that much less people that are not going to be buying any products to keep the economy going....just because you or your neighbor currently may not be directly impacted by this, it really does affect us all.
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Just so you know, citigroup cut jobs world wide. Not just US.
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^^^Yeah i knew that, but still the overall outlook so far of jobs lost in 2008 is disheartning.... over 240,000 jobs lost in Oct alone.
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^^^Yeah i knew that, but still the overall outlook so far of jobs lost in 2008 is disheartning.... over 240,000 jobs lost in Oct alone.
Jobs are being lost around the world clips, not just the US.
I\'d like to believe that we are the sole reason other countries economies are failing, but I find that hard to believe. Countries that have nothing to do with us are having economic downturns.
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Hardly...:p...regardless of what term i used to describe this economy, it\'s definitely in bad shape.
"U.S. job losses have been mounting for months. This month, the Department of Labor reported that the economy lost 240,000 jobs in October, bringing the total number of jobs shed in 2008 to nearly 1.2 million. The unemployment rate rose to 6.5 percent, a 14-year high, last month."
"Companies reporting layoffs in the past week include Citigroup, which slashed 20 percent of its work force, or 50,000 jobs, the biggest cut by a corporation in 15 years. Financial services firm Fidelity Investments announced that it will cut 1,700 jobs, and Sun Microsystems reported that it would lay off 6,000 people, or 18 percent of its work force"
^^^These type of scenarios are going to continue to weaken the economy and it is also going to further deepen the foreclosure crisis. With so many folks out of work, it\'s that much less people that are not going to be buying any products to keep the economy going....just because you or your neighbor currently may not be directly impacted by this, it really does af offect us all.
And they never talk about how many of them get jobs after. One would think that after 10 years, EVERYONE would be unemployed by now. News only talk about bad news.
Sure the economy is in a downturn. But it is not in SHAMBLES. Get a dictionary.
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And they never talk about how many of them get jobs after. One would think that after 10 years, EVERYONE would be unemployed by now. News only talk about bad news.
While the news do tend to exaggerate situations, there is no denying that people are losing their jobs at an unhealthy rate...and while some may find jobs elsewhere, it is taking people longer to find work...and let\'s be honest here,..people will say that they\'ll take a job a Mcdonalds, but in reality people are lookin\' jobs that are going to pay close to the salary bracket that they were just laid off from....why take a job at mcdonalds when your unemployment check will most likely be bigger than what mickey-dees will give you?... and you honestly won\'t be able to maintain your household with a salary that mcdonalds will provide. Not to mention that a franchise like mcdonalds actually had to close down some their restaurants and are not even hiring in some places...my nephew tried to get a job there not too long ago and they told him that they weren\'t hiring...you know it\'s rough anytime mcdonalds isn\'t employing people.
Sure the economy is in a downturn. But it is not in SHAMBLES. Get a dictionary.
You\'re absolutely fixated on "shambles" aren\'t you? I already explained that if the term was too harsh, you should\'ve been able to see the overall point i was getting at....learn to comprehend a little....i didn\'t know i had to break it down further than what was already stated. In any case if you\'re not worried about the economy so be it....
I just feel the situation is a bit more grim than what is being said here....it\'s not on the level of a depression by any means, maybe a recession....but to me the overall outlook of the situation is a cause for concern, that\'s all i\'m saying.