California tops other states in job growth

[Mr. Big Dog 10,747]

With regard to the issues of oil and layoffs that lucky mentioned, I do think it would be good if the US government drastically increased the size of the Strategic oil reserve to help US drillers. They could turn around and sell it at 80 dollars down the road making the taxpayers a nice profit too.

Would make a world of long term economic and fiscal sense. But it would require spending money now - borrowed money, of course. Good luck getting that through this House of Representatives.

[JohnR! 5,495]

Forget it. Boehner is on Bibi's payroll now. Expect even less from the Squealer of the House...

Would make a world of long term economic and fiscal sense. But it would require spending money now - borrowed money, of course. Good luck getting that through this House of Representatives.

Edited March 25, 2015 by JohnR!

[luckytxn 2,264]

Those countries are not the U.S. and have no resources like us. Now there are economists on either side of this but I never said to spend no money whatsoever. I personally thought it was a great idea to spend money on much needed infrastructure that was a long time coming and during crisis like we had to spend money on unemployment and extensions to it. The problems I noted were not about these thinsg but in rescuing distressed companies of whcih there were many. GM and many financial and investment among a few examples should have been allowed to go under and let the stronger and better ran businesses pick up the viable pieces of them. It would hurt many rich people that give money to politicians and even throw a lot of employees out of work but it would shorten the economic pain and also get rid of inefficiencies and so on.

Of course many think that it is OK to keep up the business welfare and allow the rich a do over.

Take a look at all the crisis economies that have taken the austerity path - not a single one of them is better off than we are nor is any one of them better off today than they were when they embarked on that path. And there's not much light yet to be seen at the end of the austerity tunnel that they try to walk through. In fact, they can't seem to see the end.

[luckytxn 2,264]

Personally I think we should allow the shake up and let consolidation happen. The weak go under and the strong survive. In the long run it is a better all around. Many of these companies had models that had them riding the high oil prices for many years and took a gamble it would last. They lost their bet. Oil has always been a boom and bust.

With regard to the issues of oil and layoffs that lucky mentioned, I do think it would be good if the US government drastically increased the size of the Strategic oil reserve to help US drillers. They could turn around and sell it at 80 dollars down the road making the taxpayers a nice profit too.

[Mr. Big Dog 10,747]

Those countries are not the U.S. and have no resources like us. Now there are economists on either side of this but I never said to spend no money whatsoever. I personally thought it was a great idea to spend money on much needed infrastructure that was a long time coming and during crisis like we had to spend money on unemployment and extensions to it. The problems I noted were not about these thinsg but in rescuing distressed companies of whcih there were many. GM and many financial and investment among a few examples should have been allowed to go under and let the stronger and better ran businesses pick up the viable pieces of them. It would hurt many rich people that give money to politicians and even throw a lot of employees out of work but it would shorten the economic pain and also get rid of inefficiencies and so on.

Of course many think that it is OK to keep up the business welfare and allow the rich a do over.

Not so much about a do-over for the rich as it was a way to keep the entire world from collapsing economically. Had the distressed financial institutions been allowed to collapse, the world economy - all of it - would have come to a screeching halt. To pretend otherwise is just silly. Now, should there have been provisions and regulations that ensured that these too big to fail institutions don't get bigger in the process? Yes, absolutely. These institutions should have been taken apart into many separate businesses in an orderly fashion. Instead, we saw mergers - see BofA and ML. Should we have reinstated Glass–Steagall that has served this country so well for many decades after the Great Depression? Yes, absolutely. Many mistakes were made and opportunities were missed and the next collapse is already in the making as a result of that. But this recovery was a heck of a lot better and stronger than the previous one earlier this century.

[luckytxn 2,264]

Sounds like we disagree on the degree of the bailouts. Nothing to do but wait for it to happen again as it will anbd watch the same futile efforts.

Not so much about a do-over for the rich as it was a way to keep the entire world from collapsing economically. Had the distressed financial institutions been allowed to collapse, the world economy - all of it - would have come to a screeching halt. To pretend otherwise is just silly. Now, should there have been provisions and regulations that ensured that these too big to fail institutions don't get bigger in the process? Yes, absolutely. These institutions should have been taken apart into many separate businesses in an orderly fashion. Instead, we saw mergers - see BofA and ML. Should we have reinstated Glass–Steagall that has served this country so well for many decades after the Great Depression? Yes, absolutely. Many mistakes were made and opportunities were missed and the next collapse is already in the making as a result of that. But this recovery was a heck of a lot better and stronger than the previous one earlier this century.

[OriZ 3,157]

Ahhhh...back to economy talk. The opinions expressed here by some are, to me, a classic example of exuberance at or near a top. Baseless, nontheless.

Here's a few eye openers:

And I did not even start to talk about hourly wages yet, which are actually declining. This thing is toast, and within a couple of years it will be evident to all. But by then it will be too late for those that are buying into Obama's "saved economy" fantasy.

[GandD 5,966]

Wow, look at all the old people getting laid off in 2008

[elmcitymaven 9,712]

I love when the Sage of VJ speaks. It's as if no other VJer ever worked on Wall Street, or its European or Asian analogue.

[JohnR! 5,495]

Even a broken clock is right once or twice every day... :rofl:

I love when the Sage of VJ speaks. It's as if no other VJer ever worked on Wall Street, or its European or Asian analogue.

[Teddy B 17,252]

I love when the Sage of VJ speaks. It's as if no other VJer ever worked on Wall Street, or its European or Asian analogue.

I am able to predict the future right after it happens!

[JohnR! 5,495]

Perhaps we have a celebrity amongst us...

https://www.youtube.com/watch?v=0MJOUUQzWyA

I am able to predict the future right after it happens!

[OriZ 3,157]

Even a broken clock is right once or twice every day... :rofl:

Only this clock is a Rolex...

Edited March 31, 2015 by OriZ

[Póg mo 1,749]

Only this clock is a Rolex...

Chinese Rolex?

[JohnR! 5,495]

That would be the only possible explanation. Rolex doesn't make clocks.

Chinese Rolex?