1 Tiiiiimmy!!

2 Yeah, i already said this in the other threads comments, but I wanted to say it again.

I wonder if the media realizes how much of a joke they are.  The headline at Drudge goes to a WP article about jobs, where once again an increase in unemployment is classified as "unexpected".

Go fuck yourselves WP.  You know what would be a truly unexpected you cock-juggling troglodytes? 

A decrease in unemployment.

3
Here's something important y'all need to know...

ready?

4 This graph needs to be on ads everywhere in 2012.  I'd also like to slap a number of elected officials with a print out of this graph... taped to the sweet spot of a two by four. 

5

Now you can add "Bus Undercarriage Inspection" to your resumé.

LOL- that is fucking funny shit right there.

6 This is good, right?

7 Funny how those numbers are staying just under 10% when people keep getting laid off and nobody gets hired.

8 Tim Geithner is a glass-headed wollaby who will never again find such a sweet and blame-free ride on the gravy train in his life.

9
The next time someone says were better off with Obama instead of Bush you tell them this:

This Is The NINETEENTH CONSECUTIVE MONTH with Unemployment Above 9%.

10

I guess seasonal hiring wasn't as big as expected?

On the upside, if the congress doesn't prolong the UC checks you will see an uptick on employment. You will have a lot of people taking jobs they otherwise would not have taken as long as the UC checks were coming in, but without them they will need the income.

11

Throw in the new seven-year moratorium on oil drilling, three years less than I predicted when they claimed it would be "six months," and you have a recipe for some truly depressing economic numbers to come.  Nothing can kill our economy like increasing the mostly fixed cost of _everything_.

Is there any private sector job Obama can't kill?   

12

Thanks for your continued work on "The Chart".

 

13
There has not been 19 Consecutive Months with > 9% since 1948.

14 Not to mention that those who still have jobs are enduring massive pay cuts and reduced benefits. (Many businesses simply cannot afford insurance...premiums have skyrocketed even though we were told they would not) So I say lets throw in a tax hike just to make it a job/insurance/tax trifecta!

15
Meanwhile...back at the GOP HQ...

they're scratching their heads trying figure out ways to attack Obama.

16 You F'ers are so fickle. You wanted an economy more like Europe's and I delivered. Where's my bonus?

17
I'd also like to slap a number of elected officials with a print out of this graph... taped to the sweet spot of a two by four.

Don't forget that you can proudly flaunt an older version of this graph on your very own person, and help out S. Weasel at the same time. Just head over to Zazzle and make your choice among a fine array of products: postcards, greeting cards, mugs, and, of course, t-shirts.

18

Also, can I point out as someone who works at a small business. This tax issue is kill us and me.  The congress needs to either extend the cuts or let them go. I need some certainty and tax tables for payroll would be nice too.

Also, the GOP needs to kill the 1099K thing immediately. It's going to add an extra hundred or so hours of my work in january which is already filled with my normal duties, plus 1099s, 1096s, W2's, W3's and all the other quarterly and end of year tax reporting. My january is going to suck, I don't need the 1099K thing on top of it.

Congress is so fucking stupid it kills me.

19 The case needs to be made repeatedly that Obama's policies have made the recession worse. I call BS on the idea pushed by the Dems that it was worse than they thought.

20 They keep low-balling the unemployment figures and the MSM reports it with no great concern.  Wait until we get a Republican President.  It will be the Plight of the Unemployed every fucking day and The Homeless every night.

21 That limp ain't gonna get better, Tim.

22
Also:

Robert cocksucking Gibbs says we should not be afraid of wikileaks.



"We are stronger than one guy with one website. We should never be afraid of one guy that plopped down $35 and bought a Web address.... We're not scared of one guy with one keyboard and a laptop.”

23 For any of you who want to watch Obama lie live on TV, here's the link:

From Afghanistan, Obama delivers remarks on U.S. economy. Watch live: http://on.msnbc.com/gjwEyp

/Obama the man is unworthy of being there amongst all those servicemen and women.  Only because 53% of the voting public were dumb enough to vote him into Presidency does he have the right to be there. 

24 Can someone recommend a basic economics book that isn't filled with liberal hogwash?

I've been trying to explain concepts like "Raising taxes is bad" to some folks I know, and I think they might better grasp concepts if they read them.

25
That's like saying we shouldn't be afraid to fly with muslims because a few guys plopped down $5 for a utility knife.

26 I'll not rest until this problem is solved or until I go on vacation. Whichever comes first.

27 Tim Geithner is a glass-headed wollaby who will never again find such a sweet and blame-free ride on the gravy train in his life.
Posted by: Truman North at December 03, 2010 11:59 AM

He'll get a cush job in academe/consulting/media and his replacement -- if there is one -- will be even worse.

28 "We're not scared of one guy with one keyboard and a laptop."...


Guess what, Gibbsy? A pickle-puffing Gomer Pyle just PWNED the entire intelligence/defense community. You better be afraid, asshole.

29

And folks, this doesn't even include the commercial banking crisis.  A crisis that has never gone away and will be cresting in the near term. One of the most trusted analysts is a gentleman by the name of Chris Whalen. He wrote a new book called, 'Inflated.'  Whalen analyzes institutional risk and tells it like it is.  He can be technical but he is accurate and to the point.

 

30 #23  "We are stronger than one guy with one website. We should never be afraid of one guy that plopped down $35 and bought a Web address.... We're not scared of one guy with one keyboard and a laptop.”

Are you surprised?  Remember one of the arguments liberal use/d to say that Iraq/Iran weren't (aren't) threats was that they are smaller countries.  They never look at the bigger picture, only at the superficial things. 

31
April 23, 2010

"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict. Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month. We caught a lot of bad breaks on the way down, we're going to catch a few good breaks because of good planning on the way up."

Joe Shitforbrains Biden, foreign policy and economic expert

32 Can someone recommend a basic economics book that isn't filled with liberal hogwash?

Funny, but a first-grade math book should do. One plus one equals two and all. But srsly, I'd also like to locate such a book because I admit I'm not really up on financial institutions and such. I also watch helplessly these threads on QE and auditing the Fed.

33

Also, the GOP needs to kill the 1099K thing immediately. It's going to add an extra hundred or so hours of my work in january which is already filled with my normal duties, plus 1099s, 1096s, W2's, W3's and all the other quarterly and end of year tax reporting. My january is going to suck, I don't need the 1099K thing on top of it.

Congress is so fucking stupid it kills me.

Your mistake, Ben, is to suppose that Congress works for you and not the other way around.

34 Look at the actuals and extrapolate: the curve goes horizontal, not a steep downward slope like the projected curve shows. Also, I find it both unprecedented and unexpected that the 'actuals' keep coming in at just under 10%. I wonder that the actual actuals won't be adjusted upward in an Onexpected and Onprecedented way. Meanwhile $100B of your tax dollars will be going to the IMF, to transfer to the socialist loser economies of Europe. 2 more years of this shit sandwich is going to get old in a hurry.

35 Timmy's fallen down a well...

36 It's malaise, I say. Malaise. What this country needs is more socialism. 10% unemployment ain't bad. Hell, its the norm for our more enlightened socialist euroweenie friends.

37
These, ladies & gentlemen, are the fruits of Obama's swift & bold decisions.

Obama is facing the challenges of our generation.

Don't stop thinking about tomorrow.

Together we can.

38 What I'd really like to see in a book form is an easy to read, clearly presented explanation of how key components of the economy are impacted by things like tax rates, government spending, etc.  I can make the case rather easily to those who have at least taken economics 101 because I'm very familiar with the terms, theories, etc.

My problem is in talking to folks that never even made it to economics 101 and that have bought the liberal emotional arguments (teh childREN!?!?!?!!!!!  FOR TEH CHILDREN!!!!!) hook line and sinker.

39 Turbo Tim needs a night in the box.

40 Basic Economics by Thomas Sowell will get the point across without making your eyes glaze over.

41

Hooley, anything by Peter Schiff and Hayek's Road to Serfdom.

But also beyond getting your arms around theory, this is a time of practicality.  Folks, buy some silver and hold on to it.

Economics always has an x factor in addition to events being compounded by confidence.  Confidence has always come from a deep held view the United States is solvent with a sound banking system.

It ain't and I can tell you with certainty that those in the know are losing major sleep, it is that bad.

42 "Economics in One Lesson" Its an older book, but is a classic and without equal as a introduction.

43 I agree on the Thomas Sowell comment he is a good writer and right to the point. 

44 Funny how this bad economic news comes out and Obama's out of the country (again).  This time to "surprise visit" the troops.  Remember whenever GWB did that he was accused of using them as political props?  I wonder why no one's saying the same about Obummer. 

45 It's a good thing we had that Summer of Recovery to balance out these horrible numbers. 

46 Yeah timmy, you couldn't pay your taxes and you know nothing about creating jobs either.
LEAVE NOW!

PS.......... Take O-bummer with you.

47 Is this unexpected unprecedented, unprecedentedly unexpected, unprecedentedly unprecedented, or unexpectedly unexpected?

I yam confused.

48 It's a good thing we had that Summer of Recovery
+++++++++++++++++++++++++++++++++++++++

We did?   Dang I blinked again and missed it.   )-:

49 Newb, Definitely "Economics in One Lesson". Its about 120 pages.

50 Assuming everyone sees the same ads here, does anyone else think that "shrink your belly" ad looks like someone massaging into shape a future Cleveland Steamer?

51

November's unemployment numbers were released today, with the latest stats showing a rise to 9.8%

There's some growth for you.  9.6 to 9.8 is clear and unequivocal growth.  Now stop bitching about the lack of growth, already.

52 SE Cupp sure licked her lips a lot on last night's Red Eye Halftime Report. Wonder what that's all about.

53

The unemployment rate was forecast to hold at 9.6 percent, according to the median prediction of 83 economists surveyed by Bloomberg. Estimates ranged from 9.4 percent to 9.7 percent.

Manufacturers cut jobs for a fourth straight month, payrolls dropped at construction companies and government employment declined.

The expert got it wrong again. How unexpected.

 

The so-called underemployment rate -- which includes part- time workers whoÂ’d prefer a full-time position and people who want work but have given up looking -- held at 17 percent.

The report also showed an increase in the number of long- term unemployed Americans. The number of people unemployed for 27 weeks or more increased as a percentage of all jobless, to 41.9 percent, the highest since August.

 

Yes we can! Have a depression

54

it's amazing how this putz of a prez can get away with the summer of recovery crap and shovel ready jobs and then fast forward to the summer, fall and winter . . . it's all a dud and then team obama says, well um ah, shovel ready jobs is really a figure of speech and a misnomer.

this administration is inept beyond its deceit.

Vic, can I get an amen out there?

55 "Economics in One Lesson" and the Sowell book are great for your understanding. Won't help in 'splaining things to liberals: they lack the critical thinking skills and basic sense of logic needed to get the point across. My (Godammned commie hippie loser) in-laws, when blow-torched by me and my logical arguments, always end up curled up on the floor saying 'well, it just seems like the right thing to do!' over and over until I walk away and let them have a good cry. Doesn't matter if it's guns, schools, the (alleged) Stimulus, result is alway the same. Worthless and weak, timid and stupid, yet they still know enough to vote and reproduce. Amazing.

56 SE Cupp sure licked her lips a lot on last night's Red Eye Halftime Report. Wonder what that's all about.

Posted by: Waterhouse

 

Not sure, but I'm quite sure as to the cause of my licking my chops.

57

Joe Shitforbrains Biden, foreign policy and economic expert

Posted by: Soothsayer for RNC Chair at December 03, 2010 12:10 PM (uFokq)

What Joe Biden knows about economics, I could juggle.

58 Seems to me its time for a new trendline on that there chart.  Covering the last 6 months or so.  Looks like a pretty solid linear trend to me.

59 My (Godammned commie hippie loser) in-laws, when blow-torched by me and my logical arguments, always end up curled up on the floor saying 'well, it just seems like the right thing to do!' over and over until I walk away and let them have a good cry. Doesn't matter if it's guns, schools, the (alleged) Stimulus, result is alway the same.

Worthless and weak, timid and stupid, yet they still know enough to vote and reproduce. Amazing.

Posted by: cali grump

 

my favorite: "well, we had to do something." I then respond with, "really, why"? The blank stares are astounding.

60

Have no fear when Generalfeldmarschall von Obama returns from Afghanistan he's going to put that laser like focus back on the economy. Or maybe he'll wait till after his vacation in Hawaii

61 amen

62

those wanting to dig a little deeper into the economic maelstrom we're in may consider reading John Williams web site, shadow stats.  He's a consulting economist and has been tracking the government figures of money supply, inflation and unemployment and has a whole other set of  numbers, the "second set of books" numbers if you will.  John has a lot of free information and "primers" on his site and has prepared a very hard hitting white paper on inflation and hyper inflationary risks.

John has determined that current broad term unemployment is around 22%.

And no matter what the geniuses in the administration and fed call it, quantitative easing is creating money without corresponding deposits.

63 Hey permanent 10% unemployment is change isn't it?

Oh and its really 20% anyway.

You'd think you people would be thanking me.

64 As long as Obama is paying my mortage and Americal Idol is on, everything is just fine with me.

65 It's also a good thing we got those 400,000 immediate jobs after passing Obamacare, according to Granny McBotox Peolsi. 

66 What, you mean someone who can't successfully use TurboTax might not give the best economic advice?  The Devil, you say!

67 25 Can someone recommend a basic economics book that isn't filled with liberal hogwash?

I've been trying to explain concepts like "Raising taxes is bad" to some folks I know, and I think they might better grasp concepts if they read them.

Posted by: Newb at December 03, 2010 12:06 PM (wMXoq)

Newb, I would recommend Thomas Sowell's

2004. Basic Economics: A CitizenÂ’s Guide to the Economy, revised and expanded ed. Basic Books, ISBN 0-465-08145-2 (1st ed. 2000)2003. Applied Economics: Thinking Beyond Stage One, ISBN 0-465-08143-6

68 If we could just get most people in the U.S. to understand the 2 simple economic concepts of the Laffer Curve and Hauser's Law, we would be light years ahead.

An a third slightly more complicated, the Federal Reserve causes recessions (not Jim DeMint).

69 Well the formating on that came out like shit.  Can Ace or someone print a instruction/command help section for the comments for non web people like myself?

70 Posted by: Newb at December 03, 2010 12:06 PM (wMXoq)

You mean one like "Basic Economics" By Thomas Sowell? That kind of Basic Economics book that isn't filled with Liberal Drivel?

71 23, Gibbs is right. They are afraid of a WOMAN with a laptop! ha ha ha

72 Of COURSE bad news is "unexpected".  What else would you expect from the "reality emotion based community" ?

You see they just know their boyfriend Barry is going to fix this mess.  They can FEEL it in their bones.  They BELIEVE it will happen. 

Science, analysis, statistics ?  These words are foreign to the liberal. 

73 timmeh...it's timeh teh goeh

74 Sam, it works fine. As to looks, AOSHQ only demands proper spacing when posting Tampa Bay and or SEC chearleder pics.

75

I'm still amazed by all the shiteaters who said that Timmeh was the only guy who could take the job. 

300mil people in this country - many of whom are able to pay their taxes fully and on time - and we only had one fucking dude who was capable? 

76 Unemployment could be 20% and the current administration and MSM would say it is still 9.8%, they wouldn't know the truth if it bit them in the ass.

77 Boned.

78 Posted by: cali grump at December 03, 2010 12:27 PM (hL0k

See, I look forward to that part of the debate, 'cause then I can clobber them with that, too:

"Really?  It seems like the 'right thing to do' to institutionalize poverty and prevent any from of upward mobility, Financially speaking?  Wow, that's weird.  See, I thought 'the right thing to do' would be ensure economic freedom so that anyone who applied himself could provide better for himself, his family, and his community.  Sill me, I suppose."

Once you've gotten to the "Well, it seems like the right thing to do" stage, you've pretty well got them if you'll press the point.  And then, you get one of three outcomes: they get a clue and come around, they refuse to get a clue but learn not to argue with you anymore, or they refuse to get a clue and refuse to learn from it- so you get renewable entertainment.  Those are all good outcomes from where I'm sitting.

79 The MFM doesn't see their job as reporting the facts, they see their job as keeping Obama's approval rating above 40% and ultimately getting him re-elected.

80 The only thing standing between us and a Zimbabwe economy right now is the ignorance of the general populace. Hyperinflation is a lack of confidence event. Be careful what you wish for. Buy food. Buy silver.

81 #78 300mil people in this country - many of whom are able to pay their taxes fully and on time - and we only had one fucking dude who was capable?

*raises hand*.  I'm available!.  I have more time to devote to this endeavor, since I'm no longer "tied down" by the House Ways and Means Committee! 

82
You want to learn basic economics?

Go down to your local Home Depot for a few hours and observe what goes on there.

You'll see how the private sector creates jobs and expands the economy in the retail, manufacturing, real estate, and construction industries.

Stand at the register watch as customers spend $100 for their stuff. And then think about four things:  1) where that $200 came from, 2) where that $100 in the cash register is going, 3) where the goods purchased came from, and 4) where the goods purchased are going to be used.

The purchased goods might be lumber, nails, tools, or a dish washer.

83 Posted by: AllenG (Dedicated Tenther) at December 03, 2010 12:43 PM (8y9MW) There's also a fourth possible outcome- they call you a racist / sexist / (islam/hom)ophobe and stomp out of the room :-)

84 83 The only thing standing between us and a Zimbabwe economy right now is the ignorance of the general populace. Hyperinflation is a lack of confidence event. Be careful what you wish for. Buy food. Buy silver.

Posted by: texette at December 03, 2010 12:44 PM (+61wI)

< Absolutely correct! 

85
And then when you go home you can play with the variable of taxes in your head.

How would higher/lower taxes affect the activity you observed at Home Depot?

86 77 Sam, it works fine. As to looks, AOSHQ only demands proper spacing when posting Tampa Bay and or SEC chearleder pics.

Posted by: journolist at December 03, 2010 12:40 PM (LwLqV)

Oh I know it works fine.  I'm just not smart enough to figure it out.

87 Unemployment could be 20% and the current administration and MSM would say it is still 9.8%, they wouldn't know the truth if it bit them in the ass.

Posted by: Penfold

 

Who says that they don't know the truth? But what are they going to say? The truth? That they are not only unable to remedy things, but that they're making it worse? Why else do you think they're letting Biden talk, spewing nonsensical numbers? And then later Obama comes out ad refutes the notion of 'shovel-ready', as if he was bringing the tablets down from Mt. Sinai.

 

Finally, they and theirs are employed. Do you really think that they care? Do you think they care when they threaten to dump anyone in the military who dares question adding Gays as yet another protected group? During two wars AND bad employment. That last one may actually explian the point about the military.

88 Posted by: Nighthawk at December 03, 2010 12:46 PM (02uN6)

That's true.  Though I just add that to my point total (don't tell me you don't keep score), the more off topic the slander, the more bonus points I give myself.  So, calling me a racist during an economics discussion is worth a few bonus points (about 10 on my personal scale) while calling me an islamophobe in the same discussion gets lots of points (about 100 or so on my scale).

So far, none of the liberals I'm willing to argue with (who are also willing to argue with me) has done anything quite that crazy, but I do get the "racist/sexist" thing sometimes, say, when I'm explaining that the Black Community would actually be much better off with less regulation and without Affirmative Action.

89

Soothsayer, right on!  And one of the biggest economic drivers is of course housing.  Currently housing supply exceeds demand by a huge margin and new starts and buys are down.

So this genius putz of a prez what does he do?  Allows the dems in congress to grand stand over taxes. 

That right there shows the ignorance of this administration.

Business right now is disconnected due to a lack of confidence in both the economy and tax policy.

Tax policy is a low hanging fruit that could be used to bring the country together and calm businesses.

But that ain't happening.  No, we just passed a 4B after school nutrition program.

90 lost fucking decade. Fuck you Obama.

91
yes, I forgot Housing, which is yet another sector you can get a feel for by visiting your local Home Depot.

92

Unemployment could be 20% and the current administration and MSM would say it is still 9.8%, they wouldn't know the truth if it bit them in the ass chewed its way through their abdomens, put on a hat and sang "Hello My Ragtime Girl."

FIFY.

93 Yes, this is bad news, but we really need to put it into historical perspective.

When you consider that right now we have our very first black president, it seems a small price to pay.

Complaining is just unseemly. I daresay unpatriotic, even.

94 I've been trying to explain concepts like "Raising taxes is bad" to some folks I know, and I think they might better grasp concepts if they read them.

Posted by: Newb at December 03, 2010 12:06 PM (wMXoq)

Just put it to them this way:

What do you think growth is going to be for the next 5 years?  What do you think the growth rate will be for the next five years if we raise taxes?  What about if we lower them?  That should be good enough to let them see the light.  If not, they're hopeless, anyway.

95 "Do Nothing" is always a good option.

96 @97 - That's really not a completely fair statement.  I know that my HS Economics teacher (a pretty solid lefty) tried to indoctrinate us that higher taxes were better AND that a "progressive" income tax is more just than a flat tax.

For some people, that takes.  So, asking your question, they might not realize what the correct answer is.

97 The only thing standing between us and a Zimbabwe economy right now is the ignorance of the general populace.

No worries.

Top 10 internet searches of 2010:

1. BP oil spill
2. World Cup soccer
3. Miley Cirus
4. Kim Kardashian
5. Lady Gaga
6. Apple iPhone
7. Megan Fox
8. Justin Bieber
9. American Idol
10. Britanny Spears

98 SE Cupp sure licked her lips a lot on last night's Red Eye Halftime Report. Wonder what that's all about.
Posted by: Waterhouse at December 03, 2010 12:24 PM

I just got invisible braces and my tongue and mouth have gone all Anita Dunn on me.

99 That's really not a completely fair statement.  I know that my HS Economics teacher (a pretty solid lefty) tried to indoctrinate us that higher taxes were better AND that a "progressive" income tax is more just than a flat tax.

For some people, that takes.  So, asking your question, they might not realize what the correct answer is.

Posted by: AllenG (Dedicated Tenther) at December 03, 2010 01:05 PM (8y9MW)

That's true.  But at least, with my qeustions, you find out very quickly whether it's even worth trying to go into any deeper explanation or if it would just be wasted time.

Frankly, I'm amazed that no one ever bothers talking about simple growth projections when they are trying to explain why not raising tax rates will not "cost" the US money.  Even the conservatives don't bring up this very simple point.  Libtards claim it will "cost" $700 billion to have tax rates stay the same for the high income earners, but no one challenges them on growth projections and explaining their silly point.

100 Now you can add "Bus Undercarriage Inspection" to your resumé.

Nothing would make me happier than for his face to come into contact with the tire surfaces...

101 More than 6 months, huh? Really? Could this possibly have anything to do with providing 99 fucking weeks of unemployment compensation which prevents the labor market from establishing a clearing price?

The maximum payouts are greater than 40 hours of minimum wage. If you decide to lose money by taking a low-paying seasonal retail job anyway, your weekly checks get smaller when it ends.

I'm guessing a fair percentage of white-collar college graduates can do this math (or are married to someone who can, heh).

102 I took a low paying temp job and reaped the reward of having my UE benefit slashed.  Having said that, the temp job was an opportunity to learn a new skill and now I can go into the next "temp" job at more than double the scale.  I was fortunate to say the least that the opportunity presented itself and I was able to take advantage of it.

103 41 Basic Economics by Thomas Sowell will get the point across without making your eyes glaze over.
+1. Sowell is a master of simplifying the complex.

104 Why all of the excitement over the new #'s? They have been make believe for a very long time now. When Obama needs them to go down, they go down. When he needs them to go up they go up. Right now he's pushing for extensions to unemployment insurance so from his point of view higher #'s benefit his position. Pure manipulation. Nothing more, nothing less.

105 I made more dollars in 1973 at the age of 16 than this year. When adjusted for inflation...., damn I suck at 53.

106

U.S Gypsum, a sheetrock plant in the wilds of Nevada is closing after 83 years of continuous operation.

Those cunts who re-elected Whorehouse Harry Reid sure dodged a bullet with that crazy Sharon Angle gal! Whew!

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