NewsOK - Latest Comments in Unemployment figures in the Oklahoma City area increased in May

Re: Unemployment figures in the Oklahoma City area increased in May

ken, norman — Fri, 02 Jul 2010 01:46:34 -0000

My brother-in-law was laid off from a cabinet shop because of a burst housing bubble.

Re: Unemployment figures in the Oklahoma City area increased in May

ken, norman — Fri, 02 Jul 2010 01:45:03 -0000

You're speaking of W?

Re: Unemployment figures in the Oklahoma City area increased in May

F, asdf — Thu, 01 Jul 2010 20:37:56 -0000

And now that the big-money Republicans on Wall Street have been stabilized, it's time to screw the "small" Americans.

Re: Unemployment figures in the Oklahoma City area increased in May

paul, oklahoma city — Thu, 01 Jul 2010 12:31:58 -0000

It makes no sense that we will foot the bill for every natural disaster in the world but when it comes to extending unemployment benefits we suddenly don't have the money!

Re: Unemployment figures in the Oklahoma City area increased in May

joe, oklahoma city — Thu, 01 Jul 2010 11:21:13 -0000

It is the end result of pure greed starting back to the late 70's, companies buying each other, loans made to buy things that could not be paid for. The endless consumption, which finally got to a breaking point. At that point it did not matter which party was in control when the cycle broke, it just broke.

Re: Unemployment figures in the Oklahoma City area increased in May

F, asdf — Thu, 01 Jul 2010 10:25:19 -0000

Nice, try, Just the Facts, but no cigar. The Democrats did not cause Wall Street and the financial sector to use "financial innovation" to create the Great Recession. Neither did Republicans, but their bias against enforcing the law (which is what regulation is) sure didn't help.

And to all conservatives, please disabuse yourself of your party's propaganda that poor people, minorities and Democrats caused the meltdown. McClatchy newspapers took the facts (link below), which showed that the private sector made more than 80 percent of the risky sub-prime loans. Only 20 percent of these high-profit, high-risk loans were held by Fannie and others.

It's pretty much this simple: I loan Joe $100,000 for a house without making him prove his income. I make him put $5,000 down, so that's cash for me. As he pays me 12 percent interest a month, I earn 3 times what the stock market could. When he defaults, I get the house back and sell it again for $100,000 or more. That worked beautifully for years.

The failure was due to the fact that the private sector (including big players like the now-defunct Washington Mutual) put too many of these bad loans on the market. They did it because they made short-term huge green on these high-profit bad loans. When the defaults piled up to the tipping point, the housing mkt flooded and prices plunged.

P.S. Fannie and Freddie don't make loans to poor people. They buy the loans that the private sector makes to them. Prosecutions are ongoing against the private firms who lied to F and F about the quality of the loans. By prosecuting, the American public will get its money back from the private-sector crooks.

http://www.mcclatchydc.com/200...

Re: Unemployment figures in the Oklahoma City area increased in May

Ma, Oklahoma City — Thu, 01 Jul 2010 10:02:49 -0000

Of course the unemployment rate is going up. We have the most corrupt and incompetent administration in our nation's history in charge of the economy.

Re: Unemployment figures in the Oklahoma City area increased in May

jake, okc — Thu, 01 Jul 2010 09:41:25 -0000

No one in my family is unemployed... Of course we all stayed in school and will actually work...

Re: Unemployment figures in the Oklahoma City area increased in May

Just the Facts — Thu, 01 Jul 2010 09:21:20 -0000

Last time I checked, 6.5 percent is a heck of a lot better than then national average of 9.7 percent. Remember here that Democrats are in control in Washington - completely in control.

But, let me guess - it is all Bush's fault, right? Well, he certainly deserves some of the blame, but looking at these charts from the Bureau of Labor Statistics, I would say the Democrats own this baby (notice recession begins after Democrats take control of House and Senate):

http://data.bls.gov/PDQ/servle...

They are also in control of California which is bankrupt and has an average unemployment of 12.4 percent and an unemployment of around 18 percent in more liberal cities like LA.

Considering what the Oklahoma Republicans are fighting against with the Democrats I would say they are doing a pretty darn good job.

Re: Unemployment figures in the Oklahoma City area increased in May

C, Here — Thu, 01 Jul 2010 09:01:35 -0000

Yeah, cause nobody was getting laid off until Obama was sworn into office.

This is not a party issue, quit trying to make it one.

Re: Unemployment figures in the Oklahoma City area increased in May

Jeff, Norman — Thu, 01 Jul 2010 08:35:00 -0000

CHANGE you can believe in. Higher unemployment, higher taxes. Yup, that is change.

Re: Unemployment figures in the Oklahoma City area increased in May

Jeff, Norman — Thu, 01 Jul 2010 08:34:16 -0000

Well, we will have the NBA to ease our minds. Too bad Seattle doesn't have that.

Re: Unemployment figures in the Oklahoma City area increased in May

C, Here — Thu, 01 Jul 2010 08:31:23 -0000

I once lived in a city I didn't like. I moved. I'm much happier now. You have that same option as well Paul. Unless you just like being a miserable SOB.

Hey Oklahoman, please bring back the ignore feature. Thanks.

Re: Unemployment figures in the Oklahoma City area increased in May

Tony, Tulsa — Thu, 01 Jul 2010 08:10:37 -0000

Oklahoma's republican controlled govt, has let the people down. Instead of job bills, you got abortion control, gun deregulation, and NO enforcement of HB1804

Re: Unemployment figures in the Oklahoma City area increased in May

Tony, Tulsa — Thu, 01 Jul 2010 08:07:19 -0000

In the 80's, that was still true, and I did quite a few double shifts scrubbing off dirty plates back then.
Now--illegal labor has taken many of those positions.

Re: Unemployment figures in the Oklahoma City area increased in May

Guest — Thu, 01 Jul 2010 07:58:12 -0000

AS I SEE IT, by Mainer Mike Brown

No matter how bad the jobless rate gets, there's always the crummy jobs out there, such as dishwashing or janitorial positions, to help you get by until better occupations return when the economy springs back.

Re: Unemployment figures in the Oklahoma City area increased in May

paul, yukon — Thu, 01 Jul 2010 06:34:21 -0000

Not to fear, okies.

The worst of this recession hasn't hit you yet, but it will.

We'll see how "all y'alls" are talking up how wonderful you've been baffled into believing this stinkhole is a bit down the line....