February 12, 2010
— Purple Avenger The public apparently has a much better grasp of our situation than the media.
U.S. consumer sentiment slipped in early February, with high unemployment expected to continue and with most looking for no gain in income or home values in the year ahead, a survey released Friday showed.Of course this "unexpected" result would have nothing to do with Obama walking back his tax promises, the reviled ObamaCare remaining un-dead rather than staying dead-dead, or the looming prospects of a "Jobs Bill" that apparently creates no jobs, but will cost a shitload of money. None of those things could possibly have any effect on consumer confidence, so this truly is a real fracking puzzler.
Posted by: Purple Avenger at
08:30 AM
| Comments (114)
Post contains 125 words, total size 1 kb.
Posted by: A Balrog of Morgoth at February 12, 2010 08:33 AM (wgLRl)
You know it's bad when they start lying about the numbers.
Posted by: Neo at February 12, 2010 08:34 AM (tE8FB)
Posted by: B. Obama at February 12, 2010 08:34 AM (Q41Zh)
I'm at the point of believing this is all by design. please talk me away from the damn'd cliff.
Posted by: willow at February 12, 2010 08:36 AM (7FgWm)
Posted by: The Public at February 12, 2010 08:36 AM (qf/U+)
Posted by: shibumi at February 12, 2010 08:36 AM (OKZrE)
Posted by: steveegg at February 12, 2010 08:37 AM (UGOcx)
Posted by: The Public at February 12, 2010 08:37 AM (qf/U+)
Posted by: B. Obama at February 12, 2010 08:38 AM (Q41Zh)
Posted by: willow at February 12, 2010 08:38 AM (7FgWm)
Posted by: timajin at February 12, 2010 08:38 AM (j/F2S)
Posted by: Bugler at February 12, 2010 08:38 AM (YCVBL)
Plan 9 From Outer Space
Sure... yeah, their the one who's doing this...
Posted by: Cloward and Piven at February 12, 2010 08:38 AM (OKZrE)
Posted by: Jim in San Diego at February 12, 2010 08:39 AM (F09Uo)
Posted by: Shtetl G at February 12, 2010 08:40 AM (s2Bbk)
Posted by: shibumi at February 12, 2010 12:36 PM (OKZrE)
NRO lets some guy who is an economist with First Trust Something-or-Other post in The Corner. He seems to go out of his way to always point out the sunny side of life, if you catch my meaning.
It's sort of odd to see that at NRO, but they have a few real mutts over there.
Posted by: A Balrog of Morgoth at February 12, 2010 08:40 AM (wgLRl)
Posted by: paleRider at February 12, 2010 08:40 AM (WTE2S)
Posted by: Bugler at February 12, 2010 08:41 AM (YCVBL)
Posted by: Rube Goldberg at February 12, 2010 08:42 AM (AZGON)
Posted by: Shtetl G at February 12, 2010 12:40 PM (s2Bbk)
Prosperity Bill? Patriotism Bill? Oh Shit! We're In A Lot Of Trouble Bill?
Posted by: WalrusRex at February 12, 2010 08:42 AM (xxgag)
Posted by: Bugler at February 12, 2010 12:38 PM (YCVBL)
If by fringe, you mean 30%, I agree. That 30% is hard core. They are not going anywhere, IMO.
Posted by: A Balrog of Morgoth at February 12, 2010 08:42 AM (wgLRl)
Posted by: ParisParamus at February 12, 2010 08:42 AM (0YPx8)
Seriously, we'd settle for garden variety incompetence, and call it a win.
Posted by: The Public at February 12, 2010 08:43 AM (qf/U+)
But, you know, that chicken...keep on doing what you're doing
Posted by: GW McLintock at February 12, 2010 08:43 AM (zFh1t)
Posted by: John Maynard Keynes at February 12, 2010 08:44 AM (SPSOE)
Posted by: Barack Hussein Obama at February 12, 2010 08:45 AM (AZGON)
Posted by: Neo at February 12, 2010 08:45 AM (tE8FB)
I disagree. I think they are genuinely surprised that their Underpants Gnome theory of economic management just refuses to work.
Posted by: A Balrog of Morgoth at February 12, 2010 08:45 AM (wgLRl)
Posted by: B. Obama at February 12, 2010 08:46 AM (Q41Zh)
Posted by: Jim in San Diego at February 12, 2010 08:46 AM (F09Uo)
Posted by: Barry Obama at February 12, 2010 08:46 AM (xMHQI)
Is there any other job you can be wrong all the time, and still have a sucessful career? Maybe win a peace prize?
Posted by: Rodent Freikorps at February 12, 2010 08:46 AM (dQdrY)
Posted by: Speller at February 12, 2010 08:47 AM (o0R2E)
I need to talk MORE.
AHA! That's why Barry runs his cocksucker so much. It's because in law school, they teach you that the remedy for bad speech is MORE speech.
Posted by: FUBAR at February 12, 2010 08:48 AM (1fanL)
The Chicken in Every Pot Bill, the Success for All Bill, the Everyone Loves Babies and Puppies Bill, the If You Don't Support This Bill You're A Racist White Hater Bill.. I could go on.
Posted by: shibumi at February 12, 2010 08:48 AM (OKZrE)
Posted by: Jean at February 12, 2010 08:48 AM (6Njk9)
Posted by: Cautiously Pessimistic at February 12, 2010 08:49 AM (pZEar)
Posted by: Inigo Montoya in San Diego at February 12, 2010 08:50 AM (F09Uo)
Posted by: The Keynesian Kenyan at February 12, 2010 08:50 AM (xxgag)
Is there any other job you can be wrong all the time, and still have a sucessful career? Maybe win a peace prize?
Local weather man.
Posted by: shibumi at February 12, 2010 08:50 AM (OKZrE)
Posted by: Rodent Freikorps at February 12, 2010 08:51 AM (dQdrY)
Posted by: Nurse Ratchet at February 12, 2010 08:52 AM (OlN4e)
I just want to know when to take down the sign that says "THE END IS COMING" and replace it with the one that says "THE END IS HERE".
I imagine I'll know it when it happens.
Posted by: SGT Dan at February 12, 2010 08:53 AM (KLFGv)
Posted by: bigpinkfluffybunny at February 12, 2010 08:53 AM (KWhJd)
Nope. Between whites who are afraid to seem "racist", and blacks who - in the interest of "solidarity" - would never bad mouth another black - no matter how big a knucklehead they actually consider him to be - in front of whites; he may never even reach the low forties.
Posted by: Mike Giles at February 12, 2010 08:54 AM (OeVPO)
Posted by: Shtetl G at February 12, 2010 12:40 PM (s2Bbk)
Civil Rights Bill
Posted by: The Mega Independent at February 12, 2010 08:55 AM (5I0Yr)
I was once arrested unexpectedly for chasing a hobo through a library with a running chainsaw.
Now I know not to start it up until he's cornered.
Posted by: Hollowpoint at February 12, 2010 08:55 AM (rf03a)
Hey, I just drank a gallon of Ex-lax laced Leftard kool-aid and unexpectedly spray painted my walls with shit. What gives?
/Zero's economic advisor and part time nose miner.
Posted by: maddogg at February 12, 2010 08:56 AM (OlN4e)
Somebody should compare how the media reported unemployment numbers under Bush when it was at 5% vs. how they report it now when it is at 10%.
Side by side videos would no nicely.
In other news, next time the pudding goes in the microwave for 20 seconds as the coldness was unexpected.
Posted by: PugBoo at February 12, 2010 08:57 AM (q/kmn)
Posted by: Guy Fawkes at February 12, 2010 08:57 AM (cpuvG)
Is it possible at this point in our history there are people who believe tax and spend is a/the way to a prosperous union?
You don't think they really want to torpedo the economy?
That's why you are an optimist, and me, well, a terribly erratic pessimist.
Cheers.
Posted by: GW McLintock at February 12, 2010 08:57 AM (zFh1t)
Posted by: Barry Hussein Dunham Soetero Obama at February 12, 2010 08:57 AM (DrWcr)
I experienced some unexpected white emissions when I watched a Shannon Tweed 90's Skinemax flick for the umpteenth time.
Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 12, 2010 08:58 AM (9hSKh)
Posted by: Penguins from Madagascar at February 12, 2010 09:03 AM (tWf3S)
Posted by: Rodent Freikorps at February 12, 2010 09:04 AM (dQdrY)
Well, it's about time they started paying their fair share. Now that the Speaker's gavel is in the hands of America's children, those children are gonna get some payback.
Posted by: Blinky Pelosi at February 12, 2010 09:05 AM (1fanL)
So long as there is a perception amongst the faithful that there is still hope, the Democrat elected won't have to face the political fallout of dropping the ball on this with Congressional Democrat supermajorities. So they're still "working on it" even though there remains no politically viable way to reconcile the passed Senate and House bills. Better for them to maintain the (false) impression that they're doing "something" rather than create the (true) impression that there really isn't anything left they can do other than start again from square one.
The President has so much of his personal prestige invested in Obamacare (how many times did he appear on TV hawking this piece of sh#t?) that he doesn't want to admit its dead either.
Posted by: looking closely at February 12, 2010 09:05 AM (PwGfd)
Posted by: Rabbi Michael J. Fox at February 12, 2010 09:05 AM (0HdbA)
I'm at the point of believing this is all by design.
Well, maybe there's hope for you to come to the understanding that it is by design.
please talk me away from the damn'd cliff.
Sorry, as long as "the machine" stays in power in both partys and the media you're going to be pushed steadily closer and closer until they get their wish. Wait, but the republicans are the good guys, right?
Posted by: teej at February 12, 2010 09:05 AM (QdUKm)
Posted by: B. Obama at February 12, 2010 09:09 AM (Q41Zh)
Posted by: duncan at February 12, 2010 09:09 AM (gjUaP)
Posted by: Iskandar at February 12, 2010 09:10 AM (/o58C)
Posted by: looking closely at February 12, 2010 09:11 AM (PwGfd)
The President has so much of his personal prestige invested in Obamacare (how many times did he appear on TV hawking this piece of sh#t?) that he doesn't want to admit its dead either.
He is confused. It's hard to tell when something is really dead when it stinks to high heaven at birth...
Posted by: maddogg at February 12, 2010 09:11 AM (OlN4e)
Posted by: B. Obama at February 12, 2010 09:11 AM (Q41Zh)
I am the optimist? At least your guys have a freakin plan. Mine are retarded. You can fix evil, you can't fix stupid.
Posted by: A Balrog of Morgoth at February 12, 2010 09:13 AM (wgLRl)
Posted by: The Public at February 12, 2010 09:15 AM (qf/U+)
U.S. consumer sentiment unexpectedly slipped in early February, with high unemployment unexpectedly expected to continue and with most unexpectedly looking for no gain in income or home values in the year ahead, an unexpexted survey released Friday showed.
Posted by: Kevin at February 12, 2010 09:15 AM (FDaFm)
@79 Posted by: A Balrog of Morgoth at February 12, 2010 01:13 PM (wgLRl) -
Just steer clear of wizened looking, white haired and bearded old men who walk around with a staff in hand and a sword on their hip and you should be okay.
Posted by: teej at February 12, 2010 09:19 AM (QdUKm)
Posted by: Rodent Freikorps at February 12, 2010 09:19 AM (dQdrY)
Has anyone else noticed that Gallup regularly has Obama 5 to 8 points higher than pretty much everyone else, including CBS News? Also, that Gallup refuses to release the party affiliation sampling in their polls?
No wonder these jokers came in 17th out of 20 pollsters in 2008.
Posted by: Bill MItchell at February 12, 2010 09:22 AM (kEBiX)
IMO, we'll see the heat death of the universe before that happens.
Posted by: The Public at February 12, 2010 09:22 AM (qf/U+)
That would be more appealing if we all didn't know what they did to tat chicken first.
Posted by: Methos at February 12, 2010 09:23 AM (Xsi7M)
#42
The Chicken in Every Pot Bill
Is that chicken already plucked?
Posted by: VELVET AMBITION at February 12, 2010 01:19 PM (xLMtq)
It rhymes with plucked. Does that count?
Posted by: Jim in San Diego at February 12, 2010 09:23 AM (F09Uo)
The President has so much of his personal
prestige invested in Obamacare (how many times did he appear on TV
hawking this piece of sh#t?) that he doesn't want to admit its dead
either.
He is confused. It's hard to tell when something is really dead when it stinks to high heaven at birth...
Posted by: maddogg at February 12, 2010 01:11 PM (OlN4e)
Some smart guy once said that a fanatic is someone who redoubles his efforts as he loses track of his goals.
Posted by: WalrusRex at February 12, 2010 09:26 AM (xxgag)
Is there any other job you can be wrong all the time, and still have a sucessful career? Maybe win a peace prize?
You could be a climate change scientist.
Posted by: marmo at February 12, 2010 09:33 AM (wpuKF)
'Splain this to me: Who are 'my guys' and who's are you's 'guys'?
I'm having a hard time what with all this snow around me.
Posted by: GW McLintock at February 12, 2010 09:35 AM (zFh1t)
The proper phraseology for the signs is now:
Repent! For the end is EXTREMELY F***ING NIGH!
Posted by: Taqiyyotomist at February 12, 2010 09:36 AM (ltfED)
Posted by: marmo at February 12, 2010 09:39 AM (wpuKF)
For Greece, with on and off balance sheet liabilities at over 800%, it's game over. For the Eurozone, with the same ratio at about 500%, it is also game over. For the US, at 500%+, it is, you guessed it (sorry Joseph Stiglitz), game over, but since we have the printers, it will simply take a little longer.
WASF
Posted by: Methos at February 12, 2010 09:39 AM (Xsi7M)
Posted by: Zimriel at February 12, 2010 09:42 AM (9Sbz+)
Hey media! Y'all need new experts! They're always wrong! You wouldn't have to print that damn word so frequently if you hired people who didn't always expect the wrong outcomes!
Wow, it amazes me how the obvious escapes the MSM. They must constantly be surprised, all day long! How they don't get into more car wrecks is a good question. ("He had his left turn signal on, but UNEXPECTEDLY he turned left!" "His brake lights were on, but unexpectedly he SLOWED DOWN! WTF!?")
Posted by: Taqiyyotomist at February 12, 2010 09:44 AM (ltfED)
The Mega Independent 54 : Civil Rights Bill I think you're right. That's the last card the Progressive Caucus has left in the deck.
Posted by: Zimriel at February 12, 2010 09:46 AM (9Sbz+)
Posted by: Jack at February 12, 2010 09:53 AM (bvDV5)
Giles 52: Nope. Between whites who are afraid to seem "racist", and blacks who - in the interest of "solidarity" - would never bad mouth another black - no matter how big a knucklehead they actually consider him to be - in front of whites; he may never even reach the low forties.
I agree that's what's keeping Obama's poll ratings where they are. This dovetails with my prediction that Obama's going to grab onto the "civil rights" liferaft.
Given that, and given the economy, the government has no choice but to scare those still employed with a loss of their status. I foresee a rise in "diversity" seminars, and in their shrillness, across the too-big-to-fail businesses and government employment.
In other words, I see a sharp rise in racial resentment across all races; but it won't be expressed in public. And Obama's ratings will find a temporary shelf at 45%.
I don't expect this to last, however. It just means the collapse will be that much more ugly.
Posted by: Zimriel at February 12, 2010 09:59 AM (9Sbz+)
Posted by: Zimriel at February 12, 2010 10:00 AM (9Sbz+)
I don't understand how much more evidence the American people need to determine that these people in the government and on the left are straight up Commies.
Oh yeah, I forgot, 52% of the population still believe in UniCorns.
We're so screwed!
Posted by: Jimi at February 12, 2010 10:14 AM (fqxV7)
Posted by: toby928 at February 12, 2010 10:18 AM (PD1tk)
Posted by: Lawrence "Il Douchebag" O'Donnell at February 12, 2010 10:22 AM (IHbof)
Posted by: Lawrence "il Douchebag" O'Donnell at February 12, 2010 10:23 AM (wWwJR)
The Equalization of Opportunity Bill.
Posted by: toby928 at February 12, 2010 10:26 AM (PD1tk)
Posted by: can't let go of old memes at February 12, 2010 11:16 AM (PD1tk)
the polls are truely underreporting Obama's problems ... Does anyone not on some sort of drug actually believe that in the privacy of a voting booth today 45% of America would still vote for this clown ?
And yet he's "Full Steam Ahead" ...
If the day comes that we actually get to see Obama's grades at Occidental and Harvard I'm willing to bet that he was a B student at best and his course selection was a joke.
Obama's always been a "player" and his substance is window pane thin ... he is simply not a hard worker and frankly not very bright ... he floats like a butterfly and apparently stings like one too ...
Posted by: Jeff at February 12, 2010 11:41 AM (FDdKZ)
Of course this "unexpected" result would have nothing to do with Obama walking back his tax promises, the reviled ObamaCare remaining un-dead rather than staying dead-dead, or the looming prospects of a "Jobs Bill" that apparently creates no jobs, but will cost a shitload of money. None of those things could possibly have any effect on consumer confidence, so this truly is a real fracking puzzler.
Not that these things wouldn't certainly play a role (Obama's poll numbers are evidence enough of this), but I think the continued high unemployment, coupled with the bills coming due from Christmas are the driving factors of what's dragging these numbers down.
I'm actually keeping my fingers crossed that people are starting to get off the denial train that the party is over and are beginning to realize that the normal "business cycle" isn't going to fix this economy. Confronting the reality of the situation is something most Americans don't want to do right now, but a consistently high U3/U6 isn't letting them nurture whatever delusions of "recovery" they might be holding.
Only a massive deleveraging across all sectors is going to help stabilize the economy, but because that would result in massive deflation as well, Helicopter Ben is doing everything he can to prevent it from happening. Hence, the DJIA hovering around 10K when it shouldn't have gone above 7500 for the last ten months.
Posted by: David Axelrod's Combover at February 12, 2010 11:45 AM (/Pw+r)
“Unexpectedly”.
As in “The unemployment rate was unexpectedly worse this month, said economists. Just like last month. And the month before. And the month before that. And…”
When something does the same thing every month for a year, why is that “unexpected”? Sure, you hope it will get better–unless you’re a Cloward-Pivenist–but why the surprise if it doesn’t?
Hit it, Nat:“Unexpectedly
ThatÂ’s what you are
Unexpectedly
CanÂ’t count that far
“Saved or Created” is so risible
Your job growth, it is invisible
I think youÂ’ll be unemployed
Unexpectedly too-ooo!”
Posted by: Noel at February 12, 2010 04:33 PM (Hh13R)
The meme at ZeroHedge is "GOLD, bitches!" It's become a joke over there too by now.
Posted by: Zimriel at February 12, 2010 06:24 PM (sVzRC)
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Posted by: A Balrog of Morgoth at February 12, 2010 08:31 AM (wgLRl)