1.5 million new unemployment claims last week alone

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Lemons
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MC08 wrote: Thu Jun 18, 2020 9:40 pm
Lemons wrote: Thu Jun 18, 2020 8:28 pm
MC08 wrote: Thu Jun 18, 2020 7:30 pm For the record, I really don’t like Trump for a ton of reasons, but acting like net new unemployment claims are up by 1.5 million is factually incorrect.
It’s not all about Trump. It’s also about what Congress plans to propose, what Biden plants, etc. This is the beginning of a recession and they need to get start to work together.

I think you misread. I stated there were 1.5 million new claims filed last week. That is factually correct. I’m not sure why you wrote “up by”. Unemployment went down when states started opening up but that the rates are not going to go back down to the previous low rates. And while people are being re-hired, others are still being laid off.

On top of unemployment rates that are predicated to stay around 10%, we also have the highest rate of medically uninsured people in ten years. I hope people who are running for office start to talk about these crises and what they plan on doing about them.
Your children will never recover from another trillion dollar bail out....
Ignoring it doesn’t make it go away. It’s like having a family and making $500 per month less every month than your bills. You might charge things for awhile, get family money, borrow from a bank, but eventually you have to do something.

I worry most about the rising costs of healthcare and people just dropping it because it’s no longer affordable. That’s a shitty way to have to live.
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Lemons wrote: Thu Jun 18, 2020 3:08 pm
mater-three wrote: Thu Jun 18, 2020 2:41 pm https://www.google.com/amp/s/www.wsj.co ... 1592431795

Yes, unemployment claims are historically high but the rate has lowered since states have reopened.

By the way, I’m not going to subscribe to the Washington post just to read your link
You can read about unemployment on any news site. This past week there were 1.5 million new claims. The government hasn't yet spoke of the need for a stimulus plan. A lot of jobs are not coming back and unemployment is expected to stay around 10%. Not as high as a month ago but higher than the 2009 recession.
Stop your lying. Unemployment under Obama hit 10% in Nov. 2009.
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Lemons wrote: Thu Jun 18, 2020 4:11 pm
mater-three wrote: Thu Jun 18, 2020 3:48 pm
Lemons wrote: Thu Jun 18, 2020 3:08 pm

You can read about unemployment on any news site. This past week there were 1.5 million new claims. The government hasn't yet spoke of the need for a stimulus plan. A lot of jobs are not coming back and unemployment is expected to stay around 10%. Not as high as a month ago but higher than the 2009 recession.
I don’t know why you’re quoting me to say what I already said but that’s cool.
Oh, sorry, I thought we could continue discussing it. I wasn't too clear but I wanted to response that yes, I agree that the rates are not as high as two months ago but they are still scary high. And they are going to remain as high as they have been in past recessions, they aren't going back to "normal" when everyone opens up. When the unemployment has been this high before, the government moved on it. I don't see any movement in the White House or congress. It's a little worrisome.
More lies from you.

https://www.forbes.com/sites/peterferra ... president/



"The recession ended four years ago, according to the National Bureau of Economic Research. So Obamanomics has had plenty of time to produce a solid recovery. In fact, since the American historical record is the worse the recession, the stronger the recovery, Obama should have had an easy time producing a booming recovery by now.

Obama likes to tout that we are doing better now than at the worst of the recession. But every recovery is better than the recession, by definition. So that doesn’t mean much.

The right measure and comparison for Obama’s record is not to compare the recovery to the recession, but to compare Obama’s recovery with other recoveries from other recessions since the Great Depression. By that measure, what is clear is that Obamanomics has produced the worst recovery from a recession since the Great Depression, worse than what every other President who has faced a recession has achieved since the Great Depression."
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Lemons wrote: Thu Jun 18, 2020 9:45 pm
MC08 wrote: Thu Jun 18, 2020 9:40 pm
Lemons wrote: Thu Jun 18, 2020 8:28 pm

It’s not all about Trump. It’s also about what Congress plans to propose, what Biden plants, etc. This is the beginning of a recession and they need to get start to work together.

I think you misread. I stated there were 1.5 million new claims filed last week. That is factually correct. I’m not sure why you wrote “up by”. Unemployment went down when states started opening up but that the rates are not going to go back down to the previous low rates. And while people are being re-hired, others are still being laid off.

On top of unemployment rates that are predicated to stay around 10%, we also have the highest rate of medically uninsured people in ten years. I hope people who are running for office start to talk about these crises and what they plan on doing about them.
Your children will never recover from another trillion dollar bail out....
Ignoring it doesn’t make it go away. It’s like having a family and making $500 per month less every month than your bills. You might charge things for awhile, get family money, borrow from a bank, but eventually you have to do something.

I worry most about the rising costs of healthcare and people just dropping it because it’s no longer affordable. That’s a shitty way to have to live.
But but but ... Obamacare! Wasn't that his legacy? Healthcare for all! "Affordable" Care Act I believe it's called?

We're you and your ilk all twitterpated that Trump was trying to undo it? Then when he left it be, as the left wanted it and was all up in arms over keeping it, you were then all carping about him NOT repealing it? You were screeching about him not keeping a campaign promise or something? Sound familiar?
Let's Go Brandon!
#FJB

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Mommamia wrote: Thu Jun 18, 2020 11:09 pm
Lemons wrote: Thu Jun 18, 2020 3:08 pm
mater-three wrote: Thu Jun 18, 2020 2:41 pm https://www.google.com/amp/s/www.wsj.co ... 1592431795

Yes, unemployment claims are historically high but the rate has lowered since states have reopened.

By the way, I’m not going to subscribe to the Washington post just to read your link
You can read about unemployment on any news site. This past week there were 1.5 million new claims. The government hasn't yet spoke of the need for a stimulus plan. A lot of jobs are not coming back and unemployment is expected to stay around 10%. Not as high as a month ago but higher than the 2009 recession.
Stop your lying. Unemployment under Obama hit 10% in Nov. 2009.
That was the last recession, 2009 . The current unemployment rate as of last month was 13.3%. It is predicted to go down to 10% and stay there through the remainder of the year. .

What the f**k is wrong with you anyway? Can’t you just put up your information without the constant insults? Between your LMAO like a hyena and calling people sick when you don’t agree with them, you need to calm down.
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Valentina327 wrote: Thu Jun 18, 2020 11:29 pm
Lemons wrote: Thu Jun 18, 2020 9:45 pm
MC08 wrote: Thu Jun 18, 2020 9:40 pm

Your children will never recover from another trillion dollar bail out....
Ignoring it doesn’t make it go away. It’s like having a family and making $500 per month less every month than your bills. You might charge things for awhile, get family money, borrow from a bank, but eventually you have to do something.

I worry most about the rising costs of healthcare and people just dropping it because it’s no longer affordable. That’s a shitty way to have to live.
But but but ... Obamacare! Wasn't that his legacy? Healthcare for all! "Affordable" Care Act I believe it's called?

We're you and your ilk all twitterpated that Trump was trying to undo it? Then when he left it be, as the left wanted it and was all up in arms over keeping it, you were then all carping about him NOT repealing it? You were screeching about him not keeping a campaign promise or something? Sound familiar?
Obamacare was a start, a great start, people who signed up for it were relatively happy with it. Like any new program it needed to see what worked, what didn’t and what to do about it.

And then Trump conned a whole bunch of people claiming he was going to repeal Obamacare and replace it with something new. Once elected all Trump could accomplish was removing the requirement for all people to buy health insurance. A program like that couldn’t work without the mandate. Young healthy people dropped their insurance and prices have gone up rapidly over the last three years.

Add to that the current high Unemployment rate with people losing their health care benefits along with their jobs.

You might want to stop blaming Obama and start looking at what the current administration is doing, or not doing in this case.
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Mommamia wrote: Thu Jun 18, 2020 11:22 pm
Lemons wrote: Thu Jun 18, 2020 4:11 pm
mater-three wrote: Thu Jun 18, 2020 3:48 pm

I don’t know why you’re quoting me to say what I already said but that’s cool.
Oh, sorry, I thought we could continue discussing it. I wasn't too clear but I wanted to response that yes, I agree that the rates are not as high as two months ago but they are still scary high. And they are going to remain as high as they have been in past recessions, they aren't going back to "normal" when everyone opens up. When the unemployment has been this high before, the government moved on it. I don't see any movement in the White House or congress. It's a little worrisome.
More lies from you.

https://www.forbes.com/sites/peterferra ... president/



"The recession ended four years ago, according to the National Bureau of Economic Research. So Obamanomics has had plenty of time to produce a solid recovery. In fact, since the American historical record is the worse the recession, the stronger the recovery, Obama should have had an easy time producing a booming recovery by now.

Obama likes to tout that we are doing better now than at the worst of the recession. But every recovery is better than the recession, by definition. So that doesn’t mean much.

The right measure and comparison for Obama’s record is not to compare the recovery to the recession, but to compare Obama’s recovery with other recoveries from other recessions since the Great Depression. By that measure, what is clear is that Obamanomics has produced the worst recovery from a recession since the Great Depression, worse than what every other President who has faced a recession has achieved since the Great Depression."
Why are pulling up an opinion article from 7 years ago about a former president?

We are currently in a recession with the largest federal deficit in history. Healthcare costs have risen faster than wages over the last three and people are losing their benefits. And the people who will be hurt the most are middle class workers.

They need to start talking about the failing economy and what they will do to fix it, not which one of them is the most decrepit, 74 year old Trump or 77 year old Biden.
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Many new claims are from people who actually are back to work. In Michigan for example, the UIA system failed and thousands are just now getting claims filed. They are back to work, but owed back pay.
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Wonder what it will look like once those states have to shut back down because their COVID cases are spiking
mater-three wrote: Thu Jun 18, 2020 2:41 pm https://www.google.com/amp/s/www.wsj.co ... 1592431795

Yes, unemployment claims are historically high but the rate has lowered since states have reopened.

By the way, I’m not going to subscribe to the Washington post just to read your link
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moviestar wrote: Fri Jun 19, 2020 7:40 am Wonder what it will look like once those states have to shut back down because their COVID cases are spiking
mater-three wrote: Thu Jun 18, 2020 2:41 pm https://www.google.com/amp/s/www.wsj.co ... 1592431795

Yes, unemployment claims are historically high but the rate has lowered since states have reopened.

By the way, I’m not going to subscribe to the Washington post just to read your link
No one knows if that will happen.
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