Why s the unemployment rate still climbing?

Obama lied Millions of Jobs died.

___________________________

The recession is just now winding down, and this time there's no cheap and easy credit machine (which was the private sector equivalent of expanding the money supply).

The party that started in 1999, kicked into high gear in 2003, and then had its wheels start falling off in 2007 is definitely over, and it's not coming back any time soon.

Who would loan investment banks 10s of billions for every billion they put up to buy risky sub-prime loans, and who is going to offer a huge supply of risky loans, and so on?

Like BigD said, it is a lagging indicator. Consider the ripple effect. If you throw a stone in the water, it will take awhile for the toy boat 20' away to bounce up and down from the ripples.

It has only been quite recently that the economy showed signs of being on the upswing. Once employer confidence is established, they'll start hiring again.

I say give it six months. My prediction is that employment will start rising steadily in the first quarter of next year.

You ain't seen nothing yet it will be in the double digits by the end of the year.In reality when you count in the people that have given up looking and no longer receiving benefits the national unemployment rate is well into the double digits.Lagging indicator my azz,companies will continue to lay off for months to come.

Instead of sending rebate checks to everyone which would have immediately stimulated the economy, Obama chose to spend the money on pork barrel projects that will take years to develop.

The only real stimulus going on right now is the people who are able to refinance and purchase homes.

For capital, crisis is the only way out from crisis. It has to destroy the gigantic accumulated sums of capital to restore the rate of profit and re-start the accumulation process. The catastrophic process has already started: in its latest Global Financial Stability Report, the IMF estimates that capital of 4.1 trillion US dollars has been lost so far in the financial sector and losses are mounting. This sum, although huge, represents an infinitesimal part of fictitious (and productive) capital that has to be destroyed according to the laws of capital accumulation.

The catastrophe in progress means the massive destruction of surplus capital, of the world productive forces, and first of all of the most important social force of production, the working class itself.

Because morons whose only experience is organizing communities think running up debt will stimulate an economy.

Those claiming it's a lagging indicator will be saying that up until we throw 0bozo out in 2012.

becuase obamas stimuless package went to the wrong places,,inner city jobs dont work and never have(ted kennedy}at the least it should have helped the workers and owners ,it has not.it has fkd my fabricating job ,i employ 5 people i havent been nor would i accecpt 1 once from him

Becasue overseas containers are too heavy to throw in the harbor.

It's the end of summer. Teenagers and college students are leaving their summer jobs and are being counted in the number of "unemployed" in the country. Recession or not, the unemployment rate almost ALWAYS jumps at the end of summer. Look it up.

Jobs are still moving to China

now that there are more prostitutes in Thailand... a lot of jobs are moving to Thailand too