CNN's Erin Burnett talks to her economic strike team about their reaction to the jobs report and what they're doing to help America avoid the fiscal cliff.
Economic Strike Team Results
June 1, 2012
Q: Are you hiring? (Yes/No)
Q. Is the job market "Improving" or "Stalling"?
No Comment: 1
Q. Does the U.S. need more stimulus? (Yes/No)
Q. Has your view on economic growth gotten more positive or more negative over the last month?
Q. And just for fun, would you buy Facebook now? (Facebook Closed Friday at $27.72 after its IPO Price was $38 two weeks ago) .
No Comment: 4
employing people sometimes does not meet the metrics of a normal business... If you hire a person to perform mundane tasks it is not clear as to the "profit" ... however if you provide a person means to provide shelter for themselves then the profit is more of a "social" profit... also seems that people believe that the "solution" such as cutting costs by cutting jobs will "solve" the problems??? I do not understand... how can "SHRINKING" help??? I thought GROW was the operative word???? might be true in a small small part of the economy as in a business.. but when you are working with the entire economy... shrinking seems to lead you down the path... not up the path?? I am confused again
We don't need a stimulus, WE NEED PEOPLE TO STOP BUYING PRODUCTS FROM COMMUNIST CHINA. Tell the Walton family to move to Communist China since they have such a facination for Chinese products. No matter how unsafe the product is and will continue to be. Shoppers cry when they found the chinese used lead based paint on toys but they continue to buy. Even McDonald glasses were painted with Cadium laced paint. And where did the replacement glasses come from....Communist China. People moan and groan but their actions indicate they really don't care.
As long as it is cheaper to import than produce locally, it will never inprove. Corporation can make just as much profit, with out the problems associated with employees, ny importing they will import. NAFTA, Onr-sided FREE TRADE and Chinese imports, and WAL-MART are the reason for the downfall of manufacturing. The other problems, housing and financial are all associated with de-regulation. You can play the video of Republicans proudly proclaiming, "It is time for government to get out of the business of telling corporatrions how to run their businesses." Gas prices are high because of manipulation made possible when Phil Gramm, Texas, de-regulated the electronic trading of energy. He did it for ENRON and his wife, who was of the board of ENRON. Google search for ENRON LOOPHOLE. And of course all those WAL-MART shoppers who will do anything to save a few pennies. They have no thought of the long range consequence of their actions just as those people who drink water freom plastic bottles or use plastic bags. They only see today. Until people start thinking of their grandchildren with their actions nothing will get better.
-If Paul Krugman means, that stimulus should come out in no larger increments than 300 billion at a time, then he is right...If you do this in the background to cover weak growth over time you will assist _the employees_ the avenue of seeing the economy slowly increase over time. Yet, if the idea is simply to buoy an under-employed economy, until the entire corporate world -in terms of re-employing Americans to blue collar jobs primarily happens- then the idea is failed before it starts. Why? Because, the idea of waiting on growth -like instant oatmeal- will never happen..."It is the economy, stupid.", so you need a side-issue of government in small amounts to off-set the meagre growth, until the value of these small inputs are reduced by the financial gains of individuals over a longer term of both fiscal and psychological terms.... Krugman's point seems only at the present to be shielded by the idea of 'pouring more money out after QE 1 & 2," but in fact I believe he is talking incrementally herein, which makes short term fiscal sense and long term economic sense on America's books.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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