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Plans not working

April 6, 2013

During the past year the national unemployment rate dropped six-tenths of a percent to 7.7 percent. Pennsylvania’s rate rose five-tenths of a percent to 8.1 percent and Williamsport's rate rose 1....

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(25)

USABorn

Apr-06-13 4:08 AM

Looks like Weiss is preparing to run for office. This is how they begin.....

Maybe if we had a few THOUSAND less lawyers in offices from the president down through the U.S. House/Senate, and into state offices, we would be a lot better off.

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sideliner

Apr-06-13 5:53 AM

So much for the NG drilling boom reducing unemployment rates in this area.

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Premier

Apr-06-13 6:29 AM

What would it be without it?????

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CarlHiller

Apr-06-13 6:37 AM

USABorn - You're right, if we had less lawyers in elected and non-elected positions of the government we would have commonsense reign again, instead of lawyers utilizing legalese and semantics when writing law that's hundreds or thousands of pages in length.

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MrShaman

Apr-06-13 6:42 AM

"Clearly, The Corbett economic plan and the Campana economic plan, if either of them exist, is not working." - Elliott B. Weiss

*

Not to worry.

MOST companies are doing more...with fewer-people...and, those people surely aren't COMPLAINING!!!

That's some o' the "magic" of cut-throat Capitalism. The Intimidation Factor costs companies ZERO!!!!

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CarlHiller

Apr-06-13 6:46 AM

The problem with the local and national unemployment cannot and will not be corrected under the current Democrat/Republican paradigm. They have sold America's soul for a few shekels of gold. There exists only one way to become a prosperous nation again, to be self-sufficient, and that is to create tangible wealth by making and manufacturing. It's amazing that way too many yet do not see that globalism is creating a wealthy few and the rest poor. You cannot have an economy based on debt and service, eventually the real wealth gets trapped at the top. No nation in history has ever prospered when they did not produce tangible items. Neither has any nation ever lasted long when it's currency was based on increasing debt. What we are witnessing is the death of the current worldwide debt-based economy. It can be fixed, it will hurt, but it can be done.

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ToTEXASfromPA

Apr-06-13 8:15 AM

Let's not forget the impacts of ACA on unemployment.

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Bufftrev1

Apr-06-13 8:19 AM

Hi Texas.. then let us also not forget the impact of cutting spending on unemployment.

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CMReeder

Apr-06-13 8:20 AM

Lets not forget how much government cuts affect employment, negatively.

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gavinf56

Apr-06-13 8:28 AM

I say we model our states economic plans after those of South Dakota. Their unemployment rate is under 5%.

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eriklatranyi

Apr-06-13 8:28 AM

Ah, yes, let's blame the sequester.

But when you look at March's unemployment numbers, over 600,000 people stopped looking for work.

Those are not people recently hit by the sequester, but citizens who have run out their unemployment of 100 weeks.

But, again, the Obama Administration takes no responsibility for the economy that has been under their watch for 5 years.

Our labor participation rate is at its lowest since 1979....the depths of President Carter's economy.

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gavinf56

Apr-06-13 8:31 AM

...or North Dakota, or Wyoming, or Texas.

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sideliner

Apr-06-13 8:46 AM

"...eventually the real wealth gets trapped at the top."

Be careful, Carl. People will start accusing you of engaging in class warfare.

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CarlHiller

Apr-06-13 9:10 AM

sideliner - I really don't care if anyone sights me as creating class-warfare, cause it's already been going on. There are just too many who are blind to it. There is a direct correlation with globalism and free trade agreements with the decline of American prosperity and freedoms. If you want to get rid of a weed you have to take it out by the roots, not pinch off the stems. In this case the weed is free trade, there is no such thing what free trade creates is just what has happened, wages are forced down, wealth is transferred to other countries not to bring the workers wages up, but to bring ours down.

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gavinf56

Apr-06-13 9:18 AM

From an economic standpoint, free trade has done more to lift the worlds masses out of poverty and into the middle class than any other policy or event in modern history. The problem becomes when you are at the top, as the US was following WWII for various reasons, there is only one direction for you to go.

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philunderwood

Apr-06-13 10:09 AM

Cheap import prices control inflation here.

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enigma

Apr-06-13 10:18 AM

Any economic plan that does not include a reduction in corporate taxes will not work and we have not heard a word about that from Harrisburg. It's simple, if you want businesses to come here, you can't chase them away.

Phil, Inflation is caused solely by the money supply. That is the definition of inflation. We are printing $85 billion a month and have increased the money supply by 8 times in the last 4 years. That is why we have inflation. That is also why the economy will never recover. As soon as any recovery is begun, that money will begin to circulate and trigger the inflation which will stop the recovery. Thank You FED.

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eriklatranyi

Apr-06-13 10:23 AM

Free trade puts fruit into the grocery stores during the winter.

Free trade ensures Whole Foods can stay in business with "free trade" coffee and grains.

Eliminating free trade will only provide a temporary protection to our industries, which will become weaker without the competition.

Japan protected its industries while kicking our butts for years. Now, Japan is in a generation-long depression because they are not competitive with the rest of the world.

China is on the same path, just in an earlier stage.

Protectionism fails every time.

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philunderwood

Apr-06-13 1:35 PM

Eric, increasing the supply of money, which reduces its value, causes inflation but price competition with cheap imports is keeping it somewhat in check.

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eriklatranyi

Apr-06-13 2:18 PM

Phil:

The primary reason we do not see massive inflation right now is that the extra money supply is mostly being held out of circulation and our economy is so weak that it is not generating the demand that results in higher prices.

Free trade does mitigate that as well, but to a far lesser degree than domestic economic activity.

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philunderwood

Apr-06-13 2:49 PM

Eric, it looks like we agree.

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DavidBross

Apr-06-13 5:25 PM

Given that unemployment numbers don't include those who have stopped looking, I think the author should find some other metric on which to base his evaluation of national, state, and local economies.

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philunderwood

Apr-06-13 5:36 PM

The best metric is the amount of people actually employed and that one is dismal.

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eriklatranyi

Apr-07-13 7:36 AM

This is a great thread.

The conservatives discuss economic data, alternatives and ideas.

The liberals blame the rich, free trade and the oil industry.

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CarlHiller

Apr-07-13 9:12 AM

eriklatranyi - Protectionism was the real way that America prospered. Abraham Lincoln, Teddy Roosevelt, Alexander Hamilton, John Adams, Benjamin Franklin, Alexander Hamilton, Thomas Jefferson, James Madison, George Mason, and George Washington and many of the other great names from American history were all protectionists. During the protectionist era which lasted till into the 50's America's economic performance surpassed the rest of the world by the greatest margin ever witnessed. We only turned away during the Cold War to gain an advantage in position propping up economies abroad and tieing them to the globalist/corporatist agenda which had as its goal the changing of America's domestic economy from producer to debtor. It's the old Marxists philosophy, "From each according to his ability, to each according to his need" on a much grander scale. This is what free trade accomplishes. It does not create wealth it redistributes wealth.

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