Jobless Recovery?

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

What is a Jobless Recovery???  It is where we claim that he recession is over and that everything is back to normal.  Manufacturing, housing and retail sectors are back to business and we are fine. 

Are you kidding!!!

If I am out of work there is no recovery, being jobless is a very serious situation.  Jobs give us the money to spend to purchase the things that are made.  Houses, cars, groceries, goods, stocks, anything that makes this economy work.  How else could we have a recovery?  I guess if we were exporting goods to other countries and they had the jobs to purchase our stuff.  That is not happening.

What about government paying us (unemployment or welfare) but government does not have money unless it taxes us and takes it from those that have it and give it to those who don't.  Or government could keep printing money until the dollar is worthless.  Either way that does not work, therefore, without jobs we only have a false recovery.  Do not tell me we have a jobless recovery

The economists tell us that the unemployment rate is now over 10 percent and climbing.  More people are losing jobs and getting poorer.  Therefore, spending less on everything including taxes.  So we have less taxes and fewer people working and the projections are that next year there will be more out of work than this year or jobless rate is climbing.  NO RECOVERY

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Rainmaker
690,645
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

I'm with you on this one I keep hearing the same thing we are in a recovery-how can this be when the jobless rate keeps getting bigger and bigger. We may be better but not in a recovery.

Nov 08, 2009 06:57 AM #1
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Tim - The politicians want us to believe their programs have been successful, and that's why they keep looking for any signs of recovery.  Middle America knows there's no recovery. While the GDP numbers pick up a bit, they were at the bottom--it's easy for them to show some improvement. 

We now have about 20% of the working population either out of work or underemployed and are adding more than 125,000 each month to the workforce.  Until we show positive jobs growth, there is no recovery.

Nov 08, 2009 07:24 AM #2
Rainmaker
1,018,216
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

John it is true that we are in more trouble than the politicians want us to believe.  Why is the news media not reporting the news, are they all positive thinkers?  By that I mean do they believe if they give the truth recovery won't happen.  Don't answer I know news only travels on negative information.  So again I ask, "Why are they not looking into this."

Nov 08, 2009 07:34 AM #3
Rainer
100,265
Florida Real Estate Expert
Jensen Beach, FL

The Banksters are just finishing up raping and raiding the pension funds.  Once that process is complete, we will see another huge drop in the financial markets.  It is going to get much worse before it gets better.

Nov 08, 2009 09:14 AM #4
Rainmaker
353,890
Aaron Vaughn | Builder | Investor
Conifer Homes - Fischer, TX
If the deal makes sense, the cash will follow.

Recovery means different things to different people in different situations. I know the past 3 years have been rough but today is much better. I feel very fortunate nowadays.

Nov 08, 2009 04:43 PM #5
Rainmaker
1,018,216
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Be careful because what we are being told is there is a recovery and today FHA is low on reserves and that helped fuel were we are currently in mortgage lending.

Nov 12, 2009 04:39 AM #6
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Rainmaker
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