Employers cut 533K jobs in Nov - most in 34 years

[Terri]

By JEANNINE AVERSA
Associated Press
December 5, 2008

WASHINGTON (AP) -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.

The new figures, released by the Labor Department Friday, showed the crucial employment market deteriorating at an alarmingly rapid clip, and handed Americans some more grim news right before the holidays.

As companies throttled back hiring, the unemployment rate bolted from 6.5 percent in October to 6.7 percent last month, a 15-year high.

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[javajoy]

Then please tell me why if I call for tech support for my HP products I talk to someone in India.

Please tell me why that I called for tech support my scanner I got someone in the Phillipines.

Please tell me why when I call for tech support for my AT & T phone I get someone in Canada.

Please tell me why many hospitals and Doctors are sending our x-rays and MRI's to India to be read.

Please tell me why our Congresscritters get upset when ICE raids a meat company packing plant and Illegals are rounded up. (after all it's ICE's job). (PC gone amuk)

Why dont they just bring those jobs back here where they belong? Why don't they do something about verifying legal workers and not allowing illegal workers to take jobs away from those who are entitled to them? Wouldn't that give us some of our jobs back?

[fred w hensel]

Here are the causes as I see them

1 - Government mandates and over zealous controls such as employment rules, expensive unemployment taxes, high property taxes, high income taxes, ridiculous environmental rules (like "wetland" rules), that all burden American business but are not imposed as well as foreign goods.

2 - A hostile media that loves all foreign companies but hates American companies, again pushing consumers away from American cars through emotional marketing and brainwashing. (One of the greatest myths is front wheel drive. As an older driver, I have survived many more close calls with rear wheel drive cars that turned into crashes in front wheel drive vehicles.)

3 - An economically incompetent media that blames everything on the free market, and loves government controls. This constant blather creates brainwashed citizens that think they can vote themselves into prosperity.

4 - A government run education monopoly that teaches our kids to: kiss frogs and hate American traditions, love abortion and hate the American military, love criminals and hate the police and authority, approve of witchcraft but dislike Christianity, etc.

In the past I crashed my business that had 30+ employees at its peak, lost a real nice commercial building and property, and finally lost my house. I was a pretty good engineer but had to get my advanced economic education the hard way. Now it looks like the country is doing the same.

The solutions that WILL work are as follows:

1 - Reduce the size of government dramatically, and cut taxes dramatically.

2 - Repeal the 16th Ammendment and eliminate ALL current taxation methods and replace them with a new ammendment stating that the ONLY tax permitted is a One Time Universal Retail Sales Tax, sort of like www.fairtax.org, only include taxes for state and local governments all wrapped up in it. Then ANY new programs require the vote of the people to increase this sales tax!!!

3 - Quit providing any and ALL subsidies to any media source. These stupid government commercials like for the Pennsylvania Turnpike, anti smoking ads, etc., should not be paid for by money taken from citizens at gunpoint!!!

4 - Quit providing any and ALL subsidies to any businesses and schools! If we are going to pay for education for our children, that's fine, but let's decide how much and for how long. Do we pay $20,000 per year per kid until they're 50 years old??? Or do we pay $6,000 to $8,000 per year per kid from age 6 to age 18??? After that is decided, this is given to a voucher to the parents or guardians who can then choose between ANY accredited institution since THE PARENT KNOWS WHAT'S BETTER FOR HIS KIDS THAN THE GOVERNMENT!!!

5 - Remove all other needless controls on the people, (which are most of them), and allow us to pursue our dreams with less shackles. To steal a phrase, we can fix this, YES WE CAN!!!

If we do these items, and stick to the Constitutional framework our forefathers gave us, we will survive and prosper. It will take time, but Freedom does work!!! Just like the 1980s and 1990s, the 2010s and 2020s will be fantastic if we can take these steps immediately!

Otherwise, they might make the 1400s look wistfully better!

[qrayjack]

The same Democrats who created and exulted over the southbound economy that helped Obama's election numbers may not be so gleeful now. Sure they can claim they inherited the recession, but it's the party in power who pays the political price for negative news, especially economic. The GOP needs to jump all over this. 'Hey, it's your baby, fix it! All the while fighting tooth and nail to prevent the bailouts which will fix nothing.

Barry wanted the presidency bad enough to buy it. The Dems wanted a fillibuster-proof majority bad enough to cheat for it and didn't get it. But both are running the show, so let's see what they do with it.

[oldjules]

WASHINGTON (AP) -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.

My son quit his job where he had worked for the same Co. for 14 years to take a job with another Co. with much better salary and benefits. The new company is aggressive and growing and works all over the country.

The place I retired from is seeking new employees.
I am 71 and work part time and am choosing from three different jobs. I do not want full time.

JJ you are absolutely correct about doing business over the phone. I just spent $2000 for hearing aids and I can not find anyone that speaks English. It is frustrating.

The times are not even close to being like back in the 20's and 30's or even the early part of the 40's. I believe the war helped the economy much more than Roosevelt's new deal. The poor now have it better than the average back in the 40's.

I think we are seeing some of the same things we had before Roosevelt and his early years.
Obama will come in and start many programs to simulate the economy and we may never get rid of him or the programs. The cure will be worse than the disease.

The Gov. will try to manipulate the whole economy and as a result we will see tougher times longer than if they would get out of the way and let our free enterprise system work.

[bcorp]

One element missing from discussing this situation is us. We The People, out of complacency, I suspect, have allowed government to take to much control over everything. Our country was build strong by hard working people, not government. Turning around the economy will be the challenge of the people, not government. Is there anything that government has not messed up? Don't think so. It certainly has its place and function, but it has gone way over the boundaries of reasonable intrusion. I believe Sarah Palin made the statement that government needs to get out of the way of businesses and let them prosper. Yea, and create more jobs in the process. What we need now is faith in each other, not in Washington.

[enzo]

"Trickle Up Poverty" is well underway, folks.

Barrack Hussein Obama is champing at the bit, anxious to show us all how much worse it can be.

[ONTIME]

This amount of unemployment will seem mild compared to what is just ahead. The reason for this is simply the agenda for new environmental taxes, fees and penalties that are going to be proposed and implemented by this lunatic fringe we have for a Congress. The Constitution means little of nothing to this gang of thieves.

With all the new regulation,stangulat ion of growth will get far worse and the economic quality of life for millions will become far worse. If the market is over regulated it will not produce, no production means no new jobs, no new growth and a loss of many everyday commodities we take for granted, in other words prepare for back to the future, 1932 and another devastating, massive world war.

[lester peoples]

What more can I say? These very intelligent people ahead of me have said it all! Lets read what they have said over again and share it with others we know! thank you'

[Mr. D.]

The same Democrats who created and exulted over the southbound economy that helped Obama's election numbers may not be so gleeful now. Sure they can claim they inherited the recession, but it's the party in power who pays the political price for negative news, especially economic. The GOP needs to jump all over this. 'Hey, it's your baby, fix it! All the while fighting tooth and nail to prevent the bailouts which will fix nothing.

I wish I could be so sanguine. It seems to me the template has already been written and it fixes the blame for the Melt Down and all that will follow, on George Bush, neo-cons, Reagonomics, conservatives, de-regulation, etc., etc., etc., meaning Republicans.

Astonishingly, Republicans / Conservatives buy into this as well.

Only two days ago, you and I participated in the thread, "Don't Blame Bush For Subprime Mess" and there was no complaint by others against, Chris Dodd or Chuck Schumer and only one mention of Barney Frank. Instead, commentators blamed Bush, Bush, Bush. Bush is "the worst Republican President in 50 years", "Bush is a globalist and and elitist", "Bush deserves a lot of the blame."

Pelosi and other Democrats managed to work in the phrase, "...caused by 8 years of failed Republican policies." into every appearance before a microphone during the debate on the $700 billion bail out bill. I have no recollection of a siingle Republican mentioning that the bail out was being considered because of Democrat debasement of mortgage underwiting standards (or some catchier phrase).

According to comments in the Subprime thread, Bush is at fault for the Democrats mugging the economy because he picked the wrong Police Chief and didn't complain loudly enough about muggings. Meanwhile, the Democrats cheefully move on to mug the next victim.

This comes, of course, after nearly a decade of attacks against Bush from Democrats and Republicans that marginalized him and rendered him pretty much politically powerless in every area except conduct of the Wars.

I have no brief for Bush. I don't care about Bush. I'm so tired of hearing about Bush that I wish his brother wouldn't run for Governor of Florida only because I don't want to hear the word "Bush". There is a national psychosis about Bush and it obscures every issue and apparently prevents Republicans / Conservatives from uniting against the Democrats.

At the risk of boorish repetition, after 75 years, it is Hoover and Republicans that are commonly believed to be at fault for the Great Depression. Unless Republicans "pin the tail on the Donkey" as you suggest, our great grand-chlldren will telling their children that George Bush and conservative Republican policies caused the Great Melt Down and that's why their standard of living is only somewhat better than Somolia.