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America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet

 
Anonymous Coward
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09/17/2020 07:20 AM
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America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet

[link to www.inquirer.com (secure)]
Anonymous Coward
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09/17/2020 07:22 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
What do you do with 10s of millions of useless consumers?
Anonymous Coward
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09/17/2020 07:24 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
10s of Millions Woth No money left to pay bills with or for food and Rent....Soon. zombies
Anonymous Coward
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09/17/2020 07:25 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
The very same Americans who scream that regulations make countries rich are
surprised to hear that the Soviet Union was poor.
Anonymous Coward
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09/17/2020 07:26 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
10s of Millions Woth No money left to pay bills with or for food and Rent....Soon. zombies
 Quoting: Anonymous Coward 78251708

Can we turn the flag upside down yet?
The Main Reason why Everyone is buying up AMMO!
Moses Born Again in L.A.

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09/17/2020 07:30 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
SFANBRICKSDEAD3MADRIVERTITANIC
Moses Born Again
Anonymous Coward
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09/17/2020 07:35 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
The US is headed for a total collapse. There is no chance the globalists will arrest the bankers, end the wars, reduce the debt, or restore the Bill of Rights and Americans don't care.

All that is unknown is the timeframe for the US collapse.

Will the elites manage to kick the debt can down the road for another 2, 5, 30, or 100 years?

The US collapse will happen in stages.

The USA is now at the point where the US is a total police state and the government is not legitimate. The US is no longer a free country, everything is illegal, but the government and illegal aliens don't obey the law.

Americans should stop paying taxes, practice civil disobedience, protest, and stop getting driver licenses, fishing licenses, gun permits, and business licenses.

You wouldn't listen to a stranger who told you not to chew gum so why should you listen to someone who is wearing a costume, badge, and a gun?

Americans should encourage the Gestapo, soldiers, and government workers to quit and stop being puppets for the 1%.

Americans should constantly be educating others about freedom.

Americans should be stocking up with guns, gold, and food, and making exit plans to prepare for the collapse.

A full-scale civil war is not likely when Americans are well-fed, the A/C, electricity, and water work, government checks are good, there are bread and circuses, and Americans have beer and weed.

When the stock market collapses, the elites will react by printing money and giving out bailouts and using the media to say that the economy has recovered.

If the stock market crash is severe, ATM cards don't work, government checks bounce, inflation is 1 million percent, taxes are 100%, and people are starving in the streets, Americans might grow some balls and start firing on checkpoints, seizing army bases, and flying planes into government buildings. Americans might also have a racial civil war or a civil war between Communists and Nazis.

The government might react by shutting down the Internet, nationalizing property, closing churches, shutting down newspapers, banning guns, and herding Americans into concentration camps or cities to be starved. The ruling class might also start WWIII with North Korea, Russia, China, and Iran as a distraction or as a way to boost the economy.

If Americans refuse to
resist, the US will turn into North Korea.

If Americans successfully revolt, the USA might break up into two or more countries.

Americans should understand that people can tolerate a great deal of government abuse. The USSR, Cuba, North Korea, and Cambodia never rebelled against tyranny. Vietnam and China are even grateful their governments dialed back tyranny enough that they can start businesses.

Americans who refuse to resist are no better than the elites who have destroyed the USA with wars, debt, and tyranny.
Agent 99

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09/17/2020 07:47 AM

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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
When driving to the farmers market on Tuesday, I noticed 8 homeless people where there is usually 1. Unemployment and homelessness goes hand in hand. Also house maintenance will start to go down too.

it's going to get worse for sure.
Anonymous Coward (OP)
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09/17/2020 07:51 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Almost every problem in the US is caused by the government.

Rents and medical care are expensive because of regulations.

The economy is collapsing because everyone is under house arrest.

Tuition is expensive because of student loans.

The debt is increasing because of wars and welfare.

Airline tickets are expensive because foreign airlines cannot fly domestic routes.

Puerto Rico couldn't recover from a hurricane faster because of the Jones Act.

People build houses in flood zones because of federal flood insurance.

There are wildfires because
controlled burns are banned by the Clean Air Act.

Prisons are crowded because everything is illegal.

Families fall apart because females marry the state instead of a man.
Agent 99

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09/17/2020 07:52 AM

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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Almost every problem in the US is caused by the government.
 Quoting: Anonymous Coward 76587552


Not necessarily.

People are responsible for their own actions.
The government is only there to make and uphold law so there is no lawlessness.

The government isn't responsible for personal happiness.
Anonymous Coward
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09/17/2020 08:09 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Does anyone get the
feeling that anyone supporting the police state now is a paid NSA shill?

[link to www.theguardian.com (secure)]
dodger007

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09/17/2020 08:17 AM

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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
What unemployment historically occurs when an economy is shut down by hundreds of millions of healthy people being confined to their homes and left with nothing but shuttered businesses?

Oh wait...history shows that never before happened
You want to know what is historic?
Look at the rate of economic recovery from May to August
The experts predicted we’d be at 20% or more

Last Edited by Dodger007 on 09/17/2020 08:18 AM
You can count on America to do the right thing after exhausting every other alternative."
Winston Churchill
Anonymous Coward
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09/17/2020 08:33 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Almost every problem in the US is caused by the government.
 Quoting: Anonymous Coward 76587552


Not necessarily.

People are responsible for their own actions.
The government is only there to make and uphold law so there is no lawlessness.

The government isn't responsible for personal happiness.
 Quoting: Agent 99




Keep telling yourself that.

The government is responsible for one thing only... secure the bill of rights and safety of the American citizens. Anything else is over the line. Everything else is subject to the law of unintended consequences and they are way past that.

You are wrong. Very wrong.
Anonymous Coward
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09/17/2020 08:35 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Almost every problem in the US is caused by the government.
 Quoting: Anonymous Coward 76587552


Not necessarily.

People are responsible for their own actions.
The government is only there to make and uphold law so there is no lawlessness.

The government isn't responsible for personal happiness.
 Quoting: Agent 99


And noone said this was about happiness. Nobody gets that guarantee and it's not in the BoR.
Anonymous Coward
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09/17/2020 08:36 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
After that

No one had a job


otrike
Anonymous Coward
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09/17/2020 08:41 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
My wife was furloughed in Apr.....they told her it'll be over and she'll be back in a couple of weeks.....in June, they told her he is now laid off, but first to be rehired when business returns.....last week they told her it looks like spring before business returns......LOL....


Luckily I'm working and we'll be OK financially....
Anonymous Coward
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09/17/2020 08:44 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Week after week I check the local paper for going out of business sales, nothing. As a matter of fact we have more jobs available than job seekers.
Anonymous Coward (OP)
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09/17/2020 09:02 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
The government destroys
lives and then Americans scream that the
government is not responsible for your happiness.
Epic Beard Guy

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09/17/2020 09:07 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
You are quoting the Inquirer?

lolatu

Unemployment is on the way down, even with the blue states trying to destroy the economy until after the election.

1star
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Anonymous Coward
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09/17/2020 09:08 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
The unemployment rate actually fell to 8.4% but some places and sectors still have problems.
Anonymous Coward
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09/17/2020 09:12 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
BS. Jobs Are Plentiful !

Lololol, folks that believe this nonsense: Good luck with your biden/karamela vote!
GSB/LTD

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09/17/2020 09:13 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
What do you do with 10s of millions of useless consumers?
 Quoting: Anonymous Coward 78251708


Ban them from posting on GLP.
Anonymous Coward
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09/17/2020 09:13 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet

[link to www.inquirer.com (secure)]
 Quoting: Anonymous Coward 76587552


experts or problem creators?

which is it?
Anonymous Coward
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09/17/2020 09:18 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
is this expert a former Davos attendee by chance?
Anonymous Coward
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09/17/2020 09:24 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Americans are so
batshit insane now that Americans scream printing money will solve every problem because debt made
Zimbabwe rich.
Anonymous Coward
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09/17/2020 09:25 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
10s of Millions Woth No money left to pay bills with or for food and Rent....Soon. zombies
 Quoting: Anonymous Coward 78251708


The rise of minimalism.
Anonymous Coward
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09/17/2020 09:26 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
I have no issue with Mexicans, but maybe we should stop allowing foreign people to fill low skilled labor jobs. Time to pull in the reigns. Al the Fortnight playing Antifa types are perfectly capable of filling those jobs.
Anonymous Coward
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09/17/2020 09:28 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
Thanks OP for posting this article from last May. Shows how wrong the media can be.
Anonymous Coward
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09/17/2020 09:29 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
TO WORK IS TO PAY THE PEOPLE TO BE...

TO NOT WORK IS PATRIOTIC; TO SAY "FUCK YOU" AND WE ARE DRAINING THE SWAMP BECAUSE WE ARE BROKE AND LOST OUR "GIVE A FUCKS"...

UNIVERSAL BASIC INCOME...

"WE" QUIT WORKING TO SUPPORT "THEM"...

SO WHATS THE ISSUE!!!
Fall2020

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09/17/2020 09:32 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
You get attacked with a bioweapon from a foreign entity, what do you expect, economic genius that you are.
Reader
Anonymous Coward
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09/17/2020 09:32 AM
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Re: America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet
from OP's post and link above, the expert is quoted below;

Joel Naroff, president and founder of Naroff Economic Advisors in Bucks County, said in a note to clients. He and other economists expect the unemployment rate to exceed 20%.

I wonder who owns that newspaper as well?





GLP