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Editorial roundup

Stockton Record: "What's the difference between 5.9 percent and 9.3 percent?"

Twelve months and 78,200 jobs.

That's how long it took California's unemployment rate to rise 3.4 percentage points. And that's the number of jobs this state lost between December 2007 and December 2008.

In San Joaquin County, the news is even worse: a 13 percent unemployment rate in December, ranking the county 44th among the state's 58 counties. We've gone from a 9.4 percent jobless rate in December 2007 to 13 percent now.

And the cruelest of the cruel numbers: In this county, we've gone from 28,200 people who want work but can't find it to 40,000.

Jobs in real estate are down more than 14 percent. Jobs in construction are off nearly 8 percent. And jobs in finance are off 8.4 percent. All of those categories can be tied right back to the collapse of the housing market.

We've been through downturns before, but this one is especially vicious, because it is so broadly based. Virtually every segment of the economy -- save perhaps those auctioning foreclosure houses -- is suffering.

There are moves afoot to extend unemployment benefits. That should be a given.

The massive federal stimulus package being discussed in Washington is being targeted, we're told, to tax cuts and to spending in ways that will create the most jobs the most quickly. And to projects that are sorely needed. Bridges. Roads. Schools. Infrastructure projects that are shovel-ready, provide decent jobs and are really needed by communities across the land.

This will provide some relief. Maybe.

A stimulus plan last spring under which Washington sent $600 checks to individuals and $1,200 checks to couples did nothing to spark the economy.

The $350 billion already pumped into the banking industry has done little to cure our banking ills and nothing to cure our rapidly worsening employment ills. There's a growing suspicion the money has just been frittered away. Another $350 billion is about to be disbursed, with more oversight this time, we should hope.

And the $825 billion Obama plan -- or whatever the number ends up being -- is supposed to be on the president's desk by Presidents Day in mid-February.

All this talk about what's coming is small comfort for those out of work now, those about to run out of unemployment benefits and those who've simply run out of the optimism it takes to find a job.

The figures will not get better soon. Some economists predict the U.S. jobless rate could soon top 9 percent, up 2 percentage points from its December level and probably an additional 2 million Americans out of work.

What does need to happen, what will have a positive impact on California's economy, is if lawmakers in Sacramento do their job and settle on a budget that closes the $42 billion deficit we're facing before even more Californians are thrown out of work.

(Feb. 1, 2009)

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The following are comments from the readers. In no way do they represent the views of the Hanford Sentinel

aufever wrote on Feb 1, 2009 11:27 AM:

" And it's going t get worse thanks to not having the Periphal Canal. One of the few exports that Califrornia has left is our Ag products which help offset our (U.S.) Balance of payments. All of the Democrat Solutions do nothing to improve the manufacturing sector., including Agriculture. We are on a Service Economy now and can not continue to Trade Dollars amonst ourselves and buy foreign goods with nothing to use in trade. The Dems are Responsible for shutting down Agriculture and need to take responsibility for this mess., Lowering Corporation Tax Rates would help emensely. "

Alihandero wrote on Feb 1, 2009 3:00 PM:

" Accuracy in the media is important.

The Stockton Record above said this:

"A stimulus plan last spring under which Washington sent $600 checks to individuals and $1,200 checks to couples did nothing to spark the economy."

Sorry to say that the checks were 300/600 dollars.

If those reported figures were true, I personally was shortchanged $300 last year.

So were the other IRS filing members of my family.

Truth be told... "

Uncle Buck wrote on Feb 2, 2009 10:55 AM:

" To Alihandero...Qualifying single filers (AGI less than $75,000) got rebates of up to $600. Qualifying couples (AGI less than $150,000) got rebates of up to $1,200, plus $300 per dependent child, with no maximum on the number of eligible children.

Persons who owed no income taxes, but earned at least $3,000 in income from Social Security and veterans disability got rebate checks of $300 for individuals and $600 for couples.

In other words you didn't pay taxes and evidently nobody else in your family did either. You were in NO WAY shortchanged. Truth be told... "

Alihandero wrote on Feb 4, 2009 6:43 PM:

" Wow, "Uncle Buck,"

Are you an H & R Block seasonal worker?

You said I didn't pay the IRS last year? Wanna bet, Bucko?

I'll bet you $1000 that says I did pay, and could show you my return and canceled check, if you had the nerve to meet me in person with cash in hand. Doubtful.

And this:

"Persons who owed no income taxes, but earned at least $3,000 in income from Social Security and veterans disability..."

Some of us are indeed on permanent disability and on a fixed income; some are veterans also.

Sorry but you apparently lack knowledge about either. "

Alihandero wrote on Feb 4, 2009 6:47 PM:

" Oh, and, "Uncle Buck," thanks for educating me.

I did pay taxes, so I guess that disqualifies me from applying for a position on Obama's cabinet.

Nice try, though. "

Watchdog Fred wrote on Feb 4, 2009 8:37 PM:

" We truly feed the world on a yearly basis and we have been doing so at such a ridculously low price for too long now. If these third world countries want subsistance they will deal to get it, they have in years passed and it is time we took down the free lunch wagon signs at the United Nations. We need to begin capatializing and recruiting on our talent, keeping it here at home and start exporting our natural resources and renewable products instead. There isn't a single job that we should lose to another country over seas, we've always had the most intelligent and viable working force down through history. We just need a government to promote it and work with it to grow and build it's strength. "

Paul wrote on Feb 9, 2009 1:08 PM:

" WDF... your outlook on many of the pressing problems we have as a nation today are ok, but when you have the steel that is being used for the border fence coming from China and the cement being poured into the post is coming from Mexico and clothes made in Vietnam, where do you think we can start looking for volunteers to bring back American jobs. The first argument from corpotate CEO's will be why pay an American worker 20 bucks and hour with benifits when we can pay a Chinese worker 5 bucks a day without benifits.

its a nice thought that the gov't SHOULD but it hasn't been that for a number of years and it will NEVER go back to that. Bottom lines matter more than let's hold hands. "

Big Picture wrote on Feb 9, 2009 1:27 PM:

" Free trade is buy no means free. Yes we are part of a global economy but we should not be victims of it. I think we are in a lot more trouble than people realize. The delocalization of manufacturing will be are downfall.
We need fair trade. "

Watchdog Fred wrote on Feb 12, 2009 10:49 AM:

" To: Paul wrote on Feb 9, 2009 3:08 PM:

Very simply put if we held the other countries feet to the fire on food products as they have ours on oil products, it would be a done deal. As for the various locations these products come from their national qorkforce resides within our borders why can't we make and produce these items at home for an even cheaper savings.
It's not a matter of can we, in most cases it is a matter of when we will? We have a stonghold on the food available and the mediciinal drugs needed in these foreign countries to prevent mass exodus and even death in some cases. We need to stat charging for those services just like all the trade countries charge us. When everyone is put badk on a more level playing field this econcomy will take care of itself. "

Bobb wrote on Feb 14, 2009 4:05 PM:

" Since the Federal Budget is in such a crisis, we need to start charging other Countries for our services, especially PROTECTION SERVICES from the ones who can most afford it. I am talking about our Military protecting the oil fields of the Middle Eastern countries. We have airbases and military there and they charge us what the market will bear for their oil. Make then pay for the protection. They may have their own Military but they could not protect themselves from most other countries who would want the resources. Bill them for ARMED SERVICES RENDERED and if they won't pay, pull out the protection. I bet they would pay. Why should US taxpayers pay to protect their economy and pay for their high priced oil too? I would be a small part in balancing the Federal Budget but it would be a beginning. "




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