Posted by Bill(Wis) on March 16, 2009 at 17:40:29 from (71.249.198.250):
In Reply to: O/T Recession posted by Ben Grimes on March 16, 2009 at 07:13:35:
Ben Beranke announced yesterday that we could recover in 2010, IF..... I look at it this way. We always have about 4% of the workforce unemployed even when times are the best. National unemployment rate is now almost 9%. Sooo...that means that 91% of the available workfoce is employed. BUT, 4% is always unemployed. Sooo.... that means that we're only seeing an effective reduction in employment of about 5%. So far, anyway. The way some people talk, you'd think we were in the depths of the greatest depression ever. I don't personally know anyone who is "out of a job" because of this economic downturn. I don't see very many help wanted signs but I do see some. I know some foundry empoyees who were so used to the overtime they were getting for years and years that they find it pretty hard to get by on a normal 40 hr paycheck. I know that the RV industry is flat on its back and unemployment in those towns is very high. "When your neighbor is out of a job, it's a recession. When you're out of a job, it's a depression."
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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