13 cities post unemployment above 15%

[LeannaM]

http://money.cnn.com/2009/06/03/news...ion=2009060316

Nine are in California.

[rajdet]

When are we going to start using the word depression to describe our economy?

[East Detroit]

What would that accomplish?

[exdetroiter]

This is horrific. For most it is the second Great Depression and for the minority its a recession.

[Flanders]

When are we going to start using the word depression to describe our economy?

When the 11/04/10 elections are about 6 months away, or about a year from now.

[lilpup]

Here's the entire list, low to high - note that it's for metro areas and isn't seasonally adjusted. A seasonal adjustment might affect California's numbers quite a bit since they have so much agriculture.

http://www.bls.gov/web/laummtrk.htm

[Danny]

You can all thank Bush for his rediculous foriegn trade policies.Manfacturing jobs have went oversees and to Mexico in a flash.

[ccbatson]

Bush? Obama's proposed tax penality for off shore profits has prompted the CEO of Microsoft to inform the press that when that happens, more outsourcing [[maybe the whole ball of wax) will be going on at Microsoft. Say bye bye to 55000 jobs from one [[of many) companies that behave based on logic. Thanks Obama.

[Bigb23]

Yeah, Thanks Cc, for the legacy that was left. G.W. was and is clueless. At least we have a president that can mop up the mess left from the previous administration. Or we can have Dick Cheney again. Take your pick.

[biggus]

The best thing that we can do to return jobs to the US is to eliminate the domestic business tax, It would be replaced with a national sales tax that would be revenue neutral. Of course the global corporations would howl, but they have a choice not to sell their imported products in the US.

[ccbatson]

You are not paying attention BigB...This is a new Obama proposal [[along with quadrupling the debt, expanding government by 50%, socializing industries at break neck speed, and stealing individual liberty) that will do grave harm to all US citizens. GWB had nothing whatever to do with it.

[ccbatson]

Biggus...welcome, as always, we need members with at least a modicum of common sense and not thoroughly brainwashed as they march themselves [[and the rest of us) to the gallows.

[Detroit Stylin]

You are not paying attention BigB...This is a new Obama proposal [[along with quadrupling the debt, expanding government by 50%, socializing industries at break neck speed, and stealing individual liberty) that will do grave harm to all US citizens. GWB had nothing whatever to do with it.

Karl? You still exist?

[Bigb23]

Wow - one thought and one thought only Cc, don't you ponder anything at all ?

[gibran]

You are not paying attention BigB...This is a new Obama proposal [[along with quadrupling the debt, expanding government by 50%, socializing industries at break neck speed, and stealing individual liberty) that will do grave harm to all US citizens. GWB had nothing whatever to do with it.

what part of temporary oversight didn't you hear...how would you guys of handled GM etal..oh yes free market adjustments that how..

[Bigb23]

The free market has run rampant for the past 20 years. So what do we have left ? 15 % unemployment, and CEO's that laugh all the way to the Swiss bank. Way to go.

[Detroitej72]

Screw free trade. Go back to the system of tariffs, and manufacturing will come back to our shores. That is one thing I agree with Pat Buchanan on, the U.S. need to get back to a protectionist mentality.

[Kevgoblu]

The best thing that we can do to return jobs to the US is to eliminate the domestic business tax, It would be replaced with a national sales tax that would be revenue neutral. Of course the global corporations would howl, but they have a choice not to sell their imported products in the US.

In an attempt to remain open minded, can you explain to me how this would work?

So we effectively eliminate business taxes. This would result in an immediate increase in business "profits", thus increasing CEO bonues across the board. [[Good for the few) I'm sure government isn't willing to reduce itself by a corresponding amount, so in order to remain revenue nuetral, this tax liability is placed upon the indivual consumer. [[Bad for the many)
Based upon what we've seen with the financial bailout how will this help our economy? We pumped billions into financial institutions, who in turn continued to restrict credit to the indivual.

If the indivual's ability to spend is hampered, how will the economy rebound?
And Cc, why are you supportive of such a plan, which would serve to further reduce individual liberties?

[ccbatson]

You hit the nail on the head there [[but don't know it). Tax cuts and DECREASING GOVERNMENT SIZE must occur together....and we, the individualist, the voters that put people in office, must demand it.

[Kevgoblu]

I didn't miss anything. Biggus mentioned neither decreasing government size nor tax cuts. The plan was merely shifting the existing tax burden from corportations to individuals.

[Sstashmoo]

quote: "This would result in an immediate increase in business "profits", thus increasing CEO bonues across the board. "

Totally defeatist attitude.

[oladub]

In post # 6, lilput has a link to over three hundred metropolitan districts listed according to their respective percentages of unemployment. Compare a sample of the top ten or twenty metropolitan districts with the bottom ten or twenty metropolitan districts. Those with the least unemployment tend to be located in more conservative interior farming states with a less diverse population. During the Great Depression, the Prarie states were some of the hardest hit. This time around, they are faring above average.

[ghettopalmetto]

In post # 6, lilput has a link to over three hundred metropolitan districts listed according to their respective percentages of unemployment. Compare a sample of the top ten or twenty metropolitan districts with the bottom ten or twenty metropolitan districts. Those with the least unemployment tend to be located in more conservative interior farming states with a less diverse population. During the Great Depression, the Prarie states were some of the hardest hit. This time around, they are faring above average.

Maybe that's because those states rely on farming [[i.e. production of a REAL product) vis-a-vis manufacturing, banking, and real-estate speculation for their economic growth?

No, of course not. It has to do entirely with homogeneity and so-called "conservative" politics. Because you said so.

[oladub]

ghettopal;mettos says, "It has to do entirely with homogeneity and so-called conservative" politics ". Because you said so. "

Where did I say that it " has to do entirely with homogeneity and so-called conservative" politics ""? What I wrote was "Those with the least unemployment tend to be located in more conservative interior farming states with a less diverse population. During the Great Depression, the Prarie states were some of the hardest hit. This time around, they are fa[[i)ring above average." Maybe the only important factor, as you mentioned, is producing REAL products like food but California is already the number one agricultural production state - not even including its marijuana crop. However, there is also a correlation between state spending and debt per capita and unemployment. The metropolitan districts with the lowest unemployment rates were in states with lesser abounts of spending and debt prior to the recession. States going into a depression already burdened by extra cost and debt are at a disadvantage. California takes this a step further by harboring 6-8 million illegal aliens who often have little education and are the first to be laid off.

[lilpup]

I think it's because those aren't "fashionable" places to move to or live in - that whole "young professionals" & lifestyle thinking. Half of New York City's children probably haven't even seen a cow outside of a petting zoo or off a Broadway stage.