U.S. unemployment rate hits highest l...

U.S. unemployment rate hits highest level since 1983

There are 7 comments on the South Florida Sun-Sentinel story from Apr 3, 2009, titled U.S. unemployment rate hits highest level since 1983. In it, South Florida Sun-Sentinel reports that:

The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs.

Join the discussion below, or Read more at South Florida Sun-Sentinel.

Energy MBA

Stuart, FL

#1 Apr 3, 2009
GDP Expenditures Model = C + G + I + N,
Weak C, thus an increase in G (Gov't) expenditures,
As a fiscal conservative, but trained in Keynesian economic principles, I can understand the need for a large fiscal stimulus. The effects of higher employment rates and consumer consumption will begin to manifest it-self a few months.
GFK

Fort Lauderdale, FL

#3 Apr 3, 2009
Can You Say wrote:
Zimbabwe.
Just keep printing money and you will get to know it well.
Obama just don't get it....
He does not have a clue to the severity of this.......he thinks we can borrow and spend our way out of this....well that is the reason we are in this mess in the first place!!!!!
Time to vote this government out of office.
BenHalameLaVerga

Pompano Beach, FL

#4 Apr 3, 2009
Of course, blame Obama, the illegals ( as long as they are hispanic) global warming, the native Indians, and every thing elese you can think off. but do not even attempt to blame Bush, the Iraq war cost, Wall Street, the banking industry and 8 years of republican fiscal mismanagement and the so called "family values".

Obama caused all this mess in less than a 100 days as president.

Aha.........
Zfosforito

Pompano Beach, FL

#5 Apr 3, 2009
Energy MBA wrote:
GDP Expenditures Model = C + G + I + N,
Weak C, thus an increase in G (Gov't) expenditures,
As a fiscal conservative, but trained in Keynesian economic principles, I can understand the need for a large fiscal stimulus. The effects of higher employment rates and consumer consumption will begin to manifest it-self a few months.
Where did you get you MBA from? Same graduate school as limbaugh and Bush?
Bob

United States

#6 Apr 3, 2009
Energy MBA wrote:
GDP Expenditures Model = C + G + I + N,
Weak C, thus an increase in G (Gov't) expenditures,
As a fiscal conservative, but trained in Keynesian economic principles, I can understand the need for a large fiscal stimulus. The effects of higher employment rates and consumer consumption will begin to manifest it-self a few months.
Keynesian economic principles are over 70 years old. I have one question. When has it ever worked?
Energy MBA

Stuart, FL

#7 Apr 6, 2009
Bob wrote:
<quoted text>
Keynesian economic principles are over 70 years old. I have one question. When has it ever worked?
A great example is after the great depression, The New Deal AND the Spending that accompaned WWII are classic Keynesian economic principles. People like to say Keynesian priciples did not work b/c of the New Deal, but the Massive spending that accompaned WWII is a classic exmample to Keynesian priciples. See the historical GDP figures for further support.
Energy MBA

Stuart, FL

#8 Apr 6, 2009
Zfosforito wrote:
<quoted text>
Where did you get you MBA from? Same graduate school as limbaugh and Bush?
Good Sir,
Your question or comment makes no sense,(or I don't understand it) these individuals are not Keynesians (I am), they are more of the Supply-side economics school of thought.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Ben Bernanke Discussions

Title Updated Last By Comments
News Q&A with John C. Williams, president and CEO of... (Oct '14) May 25 youness 12
News Paulson insists bailout restoring stability (Nov '08) May 17 Morgan Stanley em... 20
News Us Stocks-Futures imply flat open in wake of GD... (Feb '13) Apr '16 Jennifer 22
News Bush Taps Paulson for Treasury Secretary (May '06) Feb '16 Reagan Amnesty 11
News Paulson Distances Himself From A.I.G. Payments (Jan '10) Feb '16 Bailouts 14
News Federal Reserve chair announces interest rate hike Dec '15 Synque 24
News Budget crisis averted -- for 3 days Dec '15 Ritual Habitual 1
More from around the web