The "Beveridge Curve" predicts unemployment to recover by 2014.

[Direckshun]

I've never heard of the Beveridge Curve before, but here:



You can read about it more here, by Timothy Taylor.

Taylor writes that the Curve offers several insights to the current scenario:

• Job openings are increasing, but the unemployment rate is not.
• There are threey key reasons for this: "a mismatch between the skills of unemployed workers and the available jobs; incentives from extended unemployment insurance that have slowed the incentive to take available jobs; and heightened uncertainty over the future course of the economy and economic policy"
• These three factors have a historical tendency of correcting themselves over time.
• By early 2014, the curve will have righted itself, and unemployment will drop like a rock.

Well, here's hoping.

[Direckshun]

Originally Posted by Bewbies

So that's what you call Obama either doing what he wants or not knowing what he's doing?

I guess I left out the part where Republicans, especially while powerless, have impeded his every desire...

You left out a million options.

You embraced the two ridiculous extremes and claimed those are the only two options that could possibly exist.

That's a false dichotomy.

Logic 101.

[Bewbies]

Originally Posted by Direckshun

You left out a million options.

You embraced the two ridiculous extremes and claimed those are the only two options that could possibly exist.

That's a false dichotomy.

Logic 101.

I did leave out the part where it's Bush's fault.

[Direckshun]

Originally Posted by Bewbies

I did leave out the part where it's Bush's fault.

Keep digging. You've already shown your ass.

[Bewbies]

Originally Posted by Direckshun

Keep digging. You've already shown your ass.

I also forgot where the earth forgot to heal and the oceans didn't stop rising in Nov 08. Dammit mother earth!

[Direckshun]

You're doing great.

[KC native]

Originally Posted by Iowanian

I'll try to spell this slowly.

Prices started moving up dramatically based on WHAT US event?
"What is the election of Obama in November 2008 Alex"

You're a ****ing dipshit. Oil prices move with economic activity not the president.

[J Diddy]

Originally Posted by Bewbies

So that's what you call Obama either doing what he wants or not knowing what he's doing?

I guess I left out the part where Republicans, especially while powerless, have impeded his every desire...

Powerless?

[J Diddy]

Originally Posted by KC native

You're a ****ing dipshit. Oil prices move with economic activity not the president.

This. It's traded on the Global market and to be honest they consumption in China has more to do with prices at this point than us.

[mlyonsd]

Originally Posted by Direckshun

Just to be certain, you are arguing that the economy is worse now than it was during the recession in 2009, right?

That's what you're arguing?

I'd say the economy is about the same but the added trillions in debt make the reality of the situation a lot worse.

[KC native]

Originally Posted by mlyonsd

I'd say the economy is about the same but the added trillions in debt make the reality of the situation a lot worse.

About the same as when?

Our debt is not a problem yet.

[mlyonsd]

Originally Posted by KC native

About the same as when?

Our debt is not a problem yet.

I'd say our economy is about the same as 2009.

The added debt since then is the scary part.

[KC native]

Originally Posted by mlyonsd

I'd say our economy is about the same as 2009.

The added debt since then is the scary part.

And you would be wrong. Don't let the facts get in your way though.

Do you have any idea of what our GDP is on an annual basis?

[J Diddy]

Originally Posted by mlyonsd

I'd say the economy is about the same but the added trillions in debt make the reality of the situation a lot worse.

You do realize that it was a negative 6.7 gdp and the latest was 1.5 positive. 8.2% isn't a small difference.

[mlyonsd]

Originally Posted by KC native

And you would be wrong. Don't let the facts get in your way though.

Do you have any idea of what our GDP is on an annual basis?

The difference in GDP between 2009-2012 and our added debt in those years doesn't make the economy 'better'.

If things were so much better you'd think Obama would be touting his record instead of claiming Romney doesn't pay taxes and enjoys people dying of cancer.

[KC native]

Originally Posted by mlyonsd

The difference in GDP between 2009-2012 and our added debt in those years doesn't make the economy 'better'.

If things were so much better you'd think Obama would be touting his record instead of claiming Romney doesn't pay taxes and enjoys people dying of cancer.

Debt can be repaid or inflated away. Deflation hurts everything.

Do you have any idea of what our GDP is currently?