September 23, 2010

Today is the Official End of Summer...
— Geoff

...and so today, Ladies and Gentlemen, I present you your recovery:*

Initial-Unemployment-Filings-Sep2310Small.gif

Enjoy.

*Yes, I know the Recovery Summer was supposed to focus on the 6 weeks starting 6/17, so it already failed.

Posted by: Geoff at 06:30 AM | Comments (96)
Post contains 46 words, total size 1 kb.

1 What is it that we're trying to recover again? 1932?

Posted by: t-bird at September 23, 2010 06:36 AM (FcR7P)

2 Another summer I missed

Posted by: nevergiveup at September 23, 2010 06:37 AM (0GFWk)

3 We had a fevah! We're hot! We can't find jobs!

Recovery Summer Fevah: catch it!
  -- Sheriff Joe Biden

Posted by: ya2daup at September 23, 2010 06:38 AM (FcKXR)

4 Yesterday was the last day of the Summer of Recovery.  Today begins the Fall of the Statists.

Posted by: Countrysquire at September 23, 2010 06:38 AM (e910j)

5 The plot to the movie Critters was more believable than the recovery summer.

Posted by: Mr Pink at September 23, 2010 06:39 AM (riXWU)

6 Federal employees filing initial claims: 3918

Posted by: t-bird at September 23, 2010 06:39 AM (FcR7P)

7 So, like shouldn't those dots be moving in a downward fashion?

Posted by: EC at September 23, 2010 06:39 AM (mAhn3)

8 Technical question: How long does a deep recession have to last before it is designated a depression?

Posted by: maddogg at September 23, 2010 06:39 AM (OlN4e)

9 Theyah ruinin' may SUMMAH

Posted by: Red Sox Fan at September 23, 2010 06:40 AM (HLGCA)

10
At this rate, how many jobs per year is the economy still shedding?

We supposedly picked up 600K non-farm jobs since January. But we would normally need to have added 800K to 1200K to stay even with population growth.

Posted by: geoff at September 23, 2010 06:41 AM (QrzlF)

11

The autumnal equinox occurred at 10:09 PM yeterday.

Does anyone know what Christine O'Donnell was doing??..do we need to check her house for any sacrificial blood?

Posted by: beedubya at September 23, 2010 06:41 AM (AnTyA)

12

9 Technical question: How long does a deep recession have to last before it is designated a depression?

Depends.  Republican or Democrat president?

Posted by: MFM at September 23, 2010 06:41 AM (HLGCA)

13 Coming soon.... HyperStagFlation!!

Posted by: shibumi at September 23, 2010 06:43 AM (OKZrE)

14 Looks like a depression to me.

Posted by: EZB at September 23, 2010 06:43 AM (fa9yq)

15 Repost from last thread-

That health insurance and retirement plan company you bought last year that makes cars as a sideline has resumed "political giving":

http://tinyurl.com/2w9unxu

Posted by: Herr Morgenholz at September 23, 2010 06:45 AM (5aa4z)

16
"non-partisan" =  pro-democrat.

Posted by: Lemon Kitten at September 23, 2010 06:45 AM (0fzsA)

17

Don't vote for those wingnut Tea Partiers, or it'll be way, way, way worse, you f***ers!

Posted by: The Democrats at September 23, 2010 06:45 AM (lPxkl)

18 Navy IDs 4 killed in Afghanistan helo crash By Mark D. Faram - Staff writer Posted : Thursday Sep 23, 2010 10:00:54 EDT Navy officials have released the names of the four Navy personnel killed when their helicopter crashed Tuesday in Zabul province, southern Afghanistan. Three Navy SEALs and one naval special warfare support sailor are among those confirmed dead. Five U.S. Army air crew members also died in the crash. Three others, including another Navy SEAL, were injured in the crash and remain in critical condition at a U.S. medical facility in Afghanistan. Killed were: • Lt. Brendan John Looney, 29, a native of Owings, Md., who was a 2004 Naval Academy graduate, where he played on the lacrosse team. He was initially commissioned as a naval intelligence officer, serving first with Naval Forces Korea, Detachment Chinhae. In May 2006, he was assigned as an intel officer with an East Coast NSW unit before being accepted for SEAL training in March 2007. He remained at Coronado and was assigned to a SEAL team there. His awards are listed as the Navy and Marine Corps Achievement Medal and the National Defense Service Medal. • Senior Chief Cryptologic Technician (Collection) (SW/FMF) David Blake McLendon, 30, of Thomasville, Ga. McLendon, who joined the Navy in July 1998, was assigned to Naval Special Warfare Group 2 Support Activity in Norfolk, Va. He was selected by the 2010 senior chief board and officially put on his latest rank June 16. His awards include the Joint Service Commendation Medal; Navy and Marine Corps Commendation Medal; Navy and Marine Corps Achievement Medal; Navy Battle “E” Ribbon — two awards; Navy Good Conduct Medal — three awards; and the Sea Service Deployment Ribbon. • Special Warfare Operator 2nd Class (SEAL) Adam Olin Smith, 26, of Hurdland, Mo. Smith enlisted Oct. 27, 2004, and was formally advanced to second class July 16. After recruit training, he attended school at the Naval Air Technical Training Command in Pensacola, Fla., before reporting to NSW in March 2005. His awards include the Joint Service Achievement Medal; Navy and Marine Corps Achievement Medal; the National Defense Service Medal; Iraq Campaign Medal; and the Sea Service Deployment Ribbon. • Special Warfare Operator 3rd Class (SEAL) Denis Miranda, 24, of Toms River, N.J. Miranda enlisted Sept. 10, 2003, and was advanced to E-4 on July 16. Before becoming a SEAL in 2007, he served at Patrol Squadron 8 in Jacksonville, Fla. He also attended hospital corpsman “A” school before entering Naval Special Warfare. His personnel files contained no record of awards or medals. Among the injured is Lt. j.g. Andrew Watson Dow, 26, of Hauppauge, N.Y. Dow was commissioned in May 2007 upon graduation from the Naval Academy and went directly to SEAL training. He is assigned to a SEAL team in Virginia Beach, Va. Did they die so Obama would not lose the democratic party? Shame! Shame!

Posted by: nevergiveup at September 23, 2010 06:47 AM (0GFWk)

19 I'd like to see one of Geoff's little handy-dandy charts that shows the total of jobless over, say, the past two years.

The "new weekly claims" thing is shocking enough, but the totals have to be even worse.

Meanwhile, the Repub goons are standing up in front of a group of "business owners" (and reporters, of course) talking the same tired talk. Plans and results, idiots, not platitudes!

Boner and the rest of the clueless Repub tools talk real big when they're campaigning, but they don't do shit when in D.C.

Yeah, I know, "minority party," yadda yadda yadda. I would feel better about this bunch of styled, scripted numbnutses if they had at least tried to do something, which they didn't.

I expect meaningless shit from Dems, but would sure as hell like to see the Repubs do something, instead of bullshitting us with high-minded words about what they're gonna (maybe, if we force them) do.

And, as someone else pointed out already, a "pledge" is not binding. It's just words.

Posted by: MrScribbler at September 23, 2010 06:48 AM (Ulu3i)

20 How...unexpected

Posted by: Kratos (Ghost of Sparta) at September 23, 2010 06:50 AM (9hSKh)

21 Did they die so Obama would not lose the democratic party? Shame! Shame!

Posted by: nevergiveup at September 23, 2010 10:47 AM (0GFWk)

Like I (and many) have been saying, Zero never did give a fuck about the war in Afghanistan. The day he took office the WOT was over. Over except for the dying.

Posted by: maddogg at September 23, 2010 06:50 AM (OlN4e)

22

Recovery and a tough new stand against Iran:

Obama reinforces severity of empty promise to promise that there will be more empty promises to come.  And this is no empty promise... for the most part... sort of.

Iran, "We fart on your empty promises because they are kind of... empty."

http://tinyurl.com/29fs3ar


 

Posted by: Hussein the Plumber at September 23, 2010 06:52 AM (RkRxq)

23

Like I (and many) have been saying, Zero never did give a fuck about the war in Afghanistan. The day he took office the WOT was over. Over except for the dying.

Posted by: maddogg at September 23, 2010 10:50 AM

The day the Mohammedan Mouthpiece established his regime was the day the WOT was won. By the terrorists.

All that's left is for the Muzzies to complete their occupation and kill the American soldiers fighting against them.

Posted by: MrScribbler at September 23, 2010 06:53 AM (Ulu3i)

24 End of summer? So that's why it's only gonna be in the low 90s in upstate SC this week. I may have to break out a sweater! sarc/off

Posted by: Joseph Brown at September 23, 2010 06:53 AM (T12a2)

25 Comrades, the recession is over. The dawn of the workers' paradise is upon us. All hail Comrade Chairman Obama and his wonderful 5 year plan. We're sure you can absorb it.

Posted by: TheQuietMan at September 23, 2010 06:53 AM (1Jaio)

26 23 How...unexpected

Posted by: Kratos (Ghost of Sparta) at September 23, 2010 10:50 AM (9hSKh)


How...decadent.

Posted by: EC at September 23, 2010 06:54 AM (mAhn3)

27 Like I (and many) have been saying, Zero never did give a fuck about the war in Afghanistan. The day he took office the WOT was over. Over except for the dying. Posted by: maddogg at September 23, 2010 10:50 AM (OlN4e) Yes I know we all said that. But for him to be so blatant and cavalier about the lives of the men and women in our Military is revolting, beneath the Office he holds, and damn near treason

Posted by: nevergiveup at September 23, 2010 06:54 AM (0GFWk)

28

Does anyone know what Christine O'Donnell was doing??..do we need to check her house for any sacrificial blood?

Posted by: beedubya at September 23, 2010 10:41 AM

 

I sacrificed millions of potential future children all over my monitor last night as I was checking out her website.

Posted by: Chris Coons at September 23, 2010 06:55 AM (DYJjQ)

29 Posted by: Herr Morgenholz at September 23, 2010 10:45 AM (5aa4z)

They reported that yesterday on CNBS and could barely believe what they were reading.

Mark Haynes is on air saying "the republican plan was to let the tax cuts expire, the president is trying to save the 98%"   I think he has this purposefully wrong.  Didn't the republicans have to agree to the expiration at this time so that they could even get the tax rate cuts through? 

If the MSM lies then people will begin to believe that the prez is the savior and the republicans are the ball busters.  I guess this is the response to the poll numbers from the dems.

Posted by: curious at September 23, 2010 06:57 AM (p302b)

30 Anyone catch Chris Christie stepping off the stage in CA at a Whitman townhall and getting in that libtard's face?  First rule of fight club:  do not fuck with the big man from Jersey.

"You wanna yell?  Yell at me."

Turns out, the libtard was a dem running for a local office.

Posted by: EC at September 23, 2010 06:58 AM (mAhn3)

31 As somebody was saying the other day, if O'Donnell was a wiccan NOW she would be totally unassailable on the issue.

Posted by: Nighhawk at September 23, 2010 06:58 AM (OtQXp)

32 Batchelor has an article saying that the "new breadline" is the line at walmart on the last day of the month when they stay open passed midnight to allow people to buy their stuff for the month the minute the government loads their freebee cards. 

I honestly began to think "why do this, the money is there all month, so why not buy on a weekly basis?"  But I'm thinking they immediately spend the money for the month so they are sure they got the money.  Which then leads to a whole bunch of other questions.

Posted by: curious at September 23, 2010 07:01 AM (p302b)

33 The senior class usually is about half of the freshman class.

Posted by: CUS at September 23, 2010 07:02 AM (wOGfT)

34 Are we missing anybody that you can think of?

From the Dayton Daily Worker:
A 40-year-old Lorain man pleaded guilty to importuning after he had planned to meet whom he thought was a 15-year-old for sex and which was to include the use of rope, clothes pins and nail polish.


Posted by: Herr Morgenholz at September 23, 2010 07:04 AM (5aa4z)

35
So if I take total enrollment, divide it by four, to extract just the senior class, the economy would need to generate 4,550,000 jobs per year to accommodate them?

Some get married and don't work, some go to graduate school, some go live in communes - I think it's a much smaller number than that. But then there's all those high school kids...

Posted by: geoff at September 23, 2010 07:05 AM (QrzlF)

36 I honestly began to think "why do this, the money is there all month, so why not buy on a weekly basis?"

They use up any remaining in the account.  Then at midnight, the account gets filled again.  "Use it or Lose it".

Posted by: Herr Morgenholz at September 23, 2010 07:05 AM (5aa4z)

37 We can easily absorb a few more years of this. It will make our government stronger.

Posted by: Politburo Chief Obama at September 23, 2010 07:05 AM (FcR7P)

38

One thing I find encouraging is what seems to be the interest in politics/running for office being shown by vets.  Look how many have been highlighted here at AoSHQ.

If anybody in the whole country has a right to be angry about the way Obama has conducted the WoT, it's vets.  I hope this trend picks up steam and continues beyond the 2010 midterms, right into the 2012 big one.  Local vets getting involved and running for office at all levels of govt would be the best possible outcome from the shameful way Obama is treating our military. 

The country could use an army of George Washingtons right about now.

Posted by: Boots at September 23, 2010 07:05 AM (06JTY)

39
A 40-year-old Lorain man pleaded guilty to importuning after he had planned to meet whom he thought was a 15-year-old for sex and which was to include the use of rope, clothes pins and nail polish.

If it's come to a time when a man can't importune, then the terrorists have won.

Posted by: geoff at September 23, 2010 07:06 AM (QrzlF)

40 Comrades, the recession is over. The dawn of the workers' paradise is upon us. All hail Comrade Chairman Obama and his wonderful 5 year plan. We're sure you can absorb it.

Posted by: TheQuietMan at September 23, 2010 10:53 AM (1Jaio) 

These are the unicorns and rainbows I promised you.


Posted by: Barack Obama at September 23, 2010 07:07 AM (xxgag)

41

Completely off-topic, but I just have to share this headdesk-inducing article from the Daily MailOne more reason never to move to Britain.

The world is officially ass-backwards.

Posted by: MWR at September 23, 2010 07:07 AM (4df7R)

42 If it's come to a time when a man can't importune with ropes, nail polish, clothes pins, steel wool, door knobs, and three extra pairs of socks, then the terrorists have won.


Posted by: Herr Morgenholz at September 23, 2010 07:08 AM (5aa4z)

43
Gotta go earn a living. I see signs of life from the rest of the cobs, so I'm thinking many exciting posts are forthcoming.

Posted by: geoff at September 23, 2010 07:10 AM (QrzlF)

44

A 40-year-old Lorain man pleaded guilty to importuning after he had planned to meet whom he thought was a 15-year-old for sex and which was to include the use of rope, clothes pins and nail polish.

I call that a typical Thursday afternoon

Posted by: Andrew Sullivan at September 23, 2010 07:11 AM (AnTyA)

45 I believe in the mid to late 1980's the number of births per year in the USA was around four million.  Those four million babies (each year) are the ones graduating college and looking for jobs right now.  Not everybody goes to college, not sure on the stat for that, but every year a new crop of four million turns eighteen and either 1) looks for a job; 2) goes to college; 3) becomes a democrat and looks for a handout.

Posted by: Boots at September 23, 2010 07:12 AM (06JTY)

46

 world is officially ass-backwards.

WTF??  Thats just crazy shit right there.

 

Posted by: jewells at September 23, 2010 07:12 AM (l/N7H)

47 Libertarian Jim, here's the link

I listen to Batchelor all the time.  He always uncovers stuff before anyone else even thinks about it.  He has sources everywhere.

When the book came out he was on air saying "oh the Washington post reported that so I guess I can say it now, I've known it for weeks."  Essentially he knows a lot of stuff for weeks and he can't say it but if you listen to him carefully you begin to realize that he asks his questions differently than anyone else.

In the third or fourth hour last night he was talking to the amabassador of some middle estern coutry and wow his co interviewer for the segment was speechless and he kept saying "did you hear that? did you hear that"...you were half waiting for the OMG  which never came as he is way too professional but it was an implied OMG....when the podcasts come out you might want to listen to the third and fourth hour.

He has an Iranian source who is amazing....but batchelor has to electronically play with the guys voice so no one can figure out who he is or where he is hiding.  He's on a lot lately and very knowledgeable.

Posted by: curious at September 23, 2010 07:13 AM (p302b)

48

Comrades, the recession is over. The dawn of the workers' paradise is upon us. All hail Comrade Chairman Obama and his wonderful 5 year plan. We're sure you can absorb it.

That said, tell me how my ass tastes.

Posted by: Nuticus Maximus Facialis at September 23, 2010 07:15 AM (o7EOv)

49

I honestly began to think "why do this, the money is there all month, so why not buy on a weekly basis?"

Oh, I'd guess it was because they were out of money and groceries and wanted to get them as soon as possible.

I read that yesterday but I don't remember where.

Posted by: Mama AJ at September 23, 2010 07:16 AM (XdlcF)

50

batchelor has to electronically play with the guys voice so no one can figure out who he is

That's pretty cool.  Does he have a machine to electronically play with my balls yet?

Posted by: Truman North at September 23, 2010 07:17 AM (HLGCA)

51 my lib/dem friends are saying "well he did go out there early on and warn that it could be a "jobless recovery""  as though it's ok to just say that and it will somehow fix everything.

Posted by: curious at September 23, 2010 07:17 AM (p302b)

52 Posted by: Truman North at September 23, 2010 11:17 AM (HLGCA)

Hahhaha he has one very knowledgeable female guest who my friend says has a voice that sounds like phone sex....I laughed so hard when I saw your comment and thought of my friends comment.  Oh and did we have fun with that one.

Posted by: curious at September 23, 2010 07:19 AM (p302b)

53 Was it "rope" rope?

Posted by: The View Scrunt #3 at September 23, 2010 07:19 AM (EHI/u)

54

From the Dayton Daily Worker

Heh! I see what you did there

Posted by: beedubya at September 23, 2010 07:20 AM (AnTyA)

55 my lib/dem friends are saying "well he did go out there early on and warn that it could be a "jobless recovery""

He promised that we HAD to pass the Porkulus to keep unemployment under 8%.  This was AFTER the recession ended, of course.

Posted by: CUS at September 23, 2010 07:21 AM (wOGfT)

56 beneath the Office he holds, and damn near treason Posted by: nevergiveup at September 23, 2010 10:54 AM

Fixed it for ya.

Oh, and "curious?" I'm so grateful to you for listening to John Bitchelor, so I don't have to.

Posted by: MrScribbler at September 23, 2010 07:21 AM (Ulu3i)

57 "my lib/dem friends are saying"well he did go out there early on and warn that it could be a "jobless recovery" ... Well I suppose they have to say something. Doesn't make it true (or at all helpful). The Administration invented the concept of the "jobless recovery" after it was clear that the stimulus was a massive flop.

Posted by: The View Scrunt #3 at September 23, 2010 07:22 AM (EHI/u)

58 I don't care who you are, that's funny right there

Posted by: beedubya at September 23, 2010 07:22 AM (AnTyA)

59 Sock off.

Posted by: Lincolntf at September 23, 2010 07:22 AM (EHI/u)

60 There's a difference between a jobless recovery and a "less jobs" recovery.

Posted by: t-bird at September 23, 2010 07:24 AM (FcR7P)

61 58 my lib/dem friends are saying "well he did go out there early on and warn that it could be a "jobless recovery""  as though it's ok to just say that and it will somehow fix everything.

Nonsense, Suckulous was pushed through with the promise that with it, unemployment would drop down to 8% and below.  Your lib/dem friends have short memories. 

Posted by: Kratos (Ghost of Sparta) at September 23, 2010 07:25 AM (9hSKh)

62

The world is officially ass-backwards.

Posted by: MWR at September 23, 2010 11:07 AM (4df7R)

Screw the Brits. They reap what they sow. There go we unless we keep the pressure on the GOP. Irresistible pressure. Accept no incrementalism. Do not be lulled by the walk to socialism as an improvement over the headlong dash to socialism.

Posted by: maddogg at September 23, 2010 07:32 AM (OlN4e)

63

The country could use an army of George Washingtons right about now.

Posted by: Boots at September 23, 2010 11:05 AM (06JTY)

 

At this point I'd take George Jefferson over Barry. At least George ran his own business

Posted by: TheQuietMan at September 23, 2010 07:33 AM (1Jaio)

64 58 my lib/dem friends are saying "well he did go out there early on and warn that it could be a "jobless recovery""  as though it's ok to just say that and it will somehow fix everything.

Posted by: curious at September 23, 2010 11:17 AM (p302b)

Classic "Battered Wife" syndrome...

Posted by: Nighhawk at September 23, 2010 07:33 AM (OtQXp)

65 That is funny. They're probably moving the sofa over the incorrectly attributed  quotation.

Posted by: Public Service Message at September 23, 2010 11:27 AM (IhHdM)

..or they could be looking for the keys to the car that's sitting in the ditch

Posted by: beedubya at September 23, 2010 07:38 AM (AnTyA)

66 Nonsense, Suckulous was pushed through with the promise that with it, unemployment would drop down to 8% and below.  Your lib/dem friends have short memories. 

Posted by: Kratos (Ghost of Sparta) at September 23, 2010 11:25 AM (9hSKh)


yes, yes I've said that, I've sent them all kinds of proof about lowering unemployment but then that leads to the "well when he took office he found out how really bad things were and that is why he had to warn us to expect a jobless recovery" at which point I point out that his office as the incoming president was open for more than 6 months and GWB let him see everything there was to see so he could have warned everyone earlier.  It goes on and on and they then when I've made them look ridiculous in front of everyone else at the bar say "well, you are an independent and you are reading that stupid conservative website and it is obviously messing with your head and your common sense, those people are just plain evil" and then they all laugh that haughty we are better than you in every way shape and form lib laugh and I just shut up.   It's playing out a lot lately.  Eventually someone has to start to think about everything I've said.  Cause the abuse is horrible.

Posted by: curious at September 23, 2010 07:39 AM (p302b)

67 It failed from the minute they announced it? The cause? Democrats.

Posted by: Kaitian at September 23, 2010 07:39 AM (bkOJN)

68

Classic "Battered Wife" syndrome...

Word

Posted by: Tina Turner at September 23, 2010 07:39 AM (AnTyA)

69 The best part is their spinning this as "the new normal".....

like Americans can't compete or expect to get any of the trades back ever.

We are faced with the benefits and consequences of the "global market" and what we are experiencing is the price of labor intersecting with what had up until now been the uninterrupted boon of cheap goods as opponent economies found their footing.    The price of labor MUST come down, so long as prices do not rise we will likely be able to enjoy circa 19080s purchasing power regardless.  The main problem is that by extending benefits and enacting pro-union policy America chose rather poorly in '08 because we are simply delaying the inevitable.

If we cease being a free market we would pay a conesquence but we could go back to wildly overvaluating and overcharging for our automotive labor force....and that and the teachers are the only things that matter*......


*as seen by current Federal policy.

Posted by: sven10077 at September 23, 2010 07:39 AM (kq1lG)

70 My plan to redistribute America's wealth for world equality is working well so far. Vote Democrat in November and let's keep  our eyes on the ball for the dream of one world, one economy.

Posted by: Barry Obammy at September 23, 2010 07:41 AM (gbCNS)

71 I don't understand why the 'initial unemployment" number so important. Why not just tally all those laid off ever and who remain unemployed? Won't initial unemployment numbers eventually flatten out, even without a 'recovery,' just because everyone who could be laid off, had been laid off?

Posted by: lasue at September 23, 2010 07:44 AM (S25IC)

72

70 I don't care who you are, that's funny right there

 I can just imagine it...

"Hey, Jim, glad you could stop by.  Hey, before we get into the whole stimulus discussion, want to help me move the couch?"

"Err..."

"Remember, lift with the knees." 

Posted by: MWR at September 23, 2010 07:44 AM (4df7R)

73 Posted by: nevergiveup at September 23, 2010 10:47 AM (0GFWk)

That's not all of them, where would I find the rest of the names?

Posted by: curious at September 23, 2010 07:45 AM (p302b)

74 my lib/dem friends are saying "well he did go out there early on and warn that it could be a "jobless recovery""  as though it's ok to just say that and it will somehow fix everything.

Posted by: curious at September 23, 2010 11:17 AM (p302b)

Remember my campaign slogan  "Vote For Obama And Tickle Ten Per Cent Unemployment Forever?"  Or my stimulus slogan, "Ten Per Cent Unemployment And An Extra Trillion In Debt?"

Posted by: Barack Obama at September 23, 2010 07:45 AM (xxgag)

75 81 Laue,

correct that is why I highlighted the spin of "the new normal"....it is a double bind weasel word measure just like "saved or created"......

heads bammy wins tail we lose.

Posted by: sven10077 at September 23, 2010 07:45 AM (kq1lG)

76

Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 465,000, the Labor Department said, breaking two straight weeks of declines.

Analysts polled by Reuters had forecast claims unchanged at 450,000. The government revised the prior weekÂ’s figure up to 453,000.

Those upward revisions just keep on happening, its almost if its on purpose.

Posted by: Guy Fawkes at September 23, 2010 07:48 AM (L8kaT)

77 There is no such thing as a jobless recovery.  Smoke, mirrors, etc.

Posted by: Guy Fawkes at September 23, 2010 07:49 AM (L8kaT)

78 Well there is last year's college graduating class and this years and the ones coming in June.  There are at least 4 classes of attorneys that I know of that aren't able to find jobs.  The big law firms hired the 2008 class this year.  They are keeping up the illusion that everything is fine but the classes are much smaller.  And there will be another class out in June.

even the engineers I know, with a plethora of engineering jobs, are having trouble finding "a good engineering job" cause they are competing with the people from foreign countries who were allegedly supposed to go home but decided to stay.

Posted by: curious at September 23, 2010 07:49 AM (p302b)

79 Posted by: sven10077 at September 23, 2010 11:39 AM

I'm a bit confused. Are you saying we should pay American workers third-world rates for their labor? That would drive our purchasing power into the toilet, even worse than it is now.

Even that cranky old fart Henry Ford understood that it was good for his business to pay workers enough to let them save and consume the goods his company built.

I know the "conservative" way is to embrace the "free market" (per Kudlow and greedy fools like him), but the "free market" as practiced today is a pathetic joke that stands only because it makes money for paper-shufflers and heirs who throw their family fortunes into the stock market.

Call me a heathen commie if you wish, but the people who should reap the rewards of productivity are the producers, not the leeches in the banking, investing and stock-market world who siphon off the lion's share of it and then whine about "overpaid" workers.

Posted by: MrScribbler at September 23, 2010 07:51 AM (Ulu3i)

80 74 That is funny. They're probably moving the sofa over the incorrectly attributed  quotation.

Posted by: Public Service Message at September 23, 2010 11:27 AM (IhHdM)

... the picture was taken just before they turned the sofa upside down and shook it looking for change.

Posted by: NM Hick at September 23, 2010 07:51 AM (IzuWw)

81 So begins the "Fall of Recovery"

Posted by: mydemonsdriveon at September 23, 2010 07:55 AM (06FTS)

82 89 Scribbler,

not at all but we must compete with their productivity and that will require recapitalization and an acceptance that our wages will have to at a minimum stagnate as the 3d worlds' grow a bit.

The genie is out of the bottle Festung Amerika can't happen.  Really the die was cast when we didn't try to destroy the European Community way back when before it morphed into the even more daunting EU.  America was in a really sweet spot for about 15 years of maintaining our wage base for the most part while eating a lot of the dessert tray of cheap goods.

The bill is near due.  The banking class did make a lot of money off this but recall it was by leveraging artificially cheap debt to our consumers.  The fact is US base purchasing power has been in decline for at least 16 years.

The way forward is to either take the legacy pain cutting ourselves off from the world would entail for 25-45 years and along with those steps trading in our diplomatic power, or trying to control the downward spiral.  A third alternative which is more like a necessary step in the second choice would be to reign in the judicial branch and hyper activists misusing enviro regulation and labor laws to destroy US business' competitiveness.

The American worker is actually a model of productivity compared even to the young tiger economies that are rising but people need to accept that minimum wage is a joke and that being an assembly line worker does not mean you should make more than a nurse.

Posted by: sven10077 at September 23, 2010 07:57 AM (kq1lG)

83 Geoff, I had someone call me up today and tell me that I should buy gold now cause "what happens if they suddenly decide to cut the value of the dollar in half, you will have lost half your net worth and everything you have worked so hard for".   Could that really ever happen.   I mean I know the guy is a salesman and I know he is trying to sell me something but his parting shot of "better invest in wheelbarrows to carry your cash and lots of booze and cigarettes to barter" was sort of unsettling.    Ostensibly, if I'm not going to buy gold I'm going to be left destitute and wheeling my cash around and bartering goods.  I thought to myself is it even legal for him to have said that stuff to me.  And, "he'll be sending his card to me"...when I checked the caller ID there's no number and I'm not sure he even gave his name.  And how the hell does he even know where to send his card?

Posted by: curious at September 23, 2010 07:58 AM (p302b)

84 Are you saying we should pay American workers third-world rates for their labor? That would drive our purchasing power into the toilet, even worse than it is now.

If he's not saying it, I am. World equality should be America's altruism.

Posted by: Barry Obammy at September 23, 2010 07:58 AM (gbCNS)

85 What Christine O'Donnell has been doing...

Posted by: richard mcenroe at September 23, 2010 07:59 AM (PTZ7x)

86 94 Bammy,

I'd rather it be gradual and with a rising tide eventually lifting all boats...

you're only concerned with controlling the faucet my friend and "shaving the whales".

Posted by: sven10077 at September 23, 2010 07:59 AM (kq1lG)

87 93 Curious,

actually he is in fact selling the only thing specie is really good for and that is an inflationary hedge....

assuming the feds don't outlaw private ownership of metals.

Hyper-inflation will probably be the end result of Ogabenomics as we've seen this TV show before.

Posted by: sven10077 at September 23, 2010 08:01 AM (kq1lG)

88

 

Barry: If you like your recession, you can keep it. If you don't....fuck you

Posted by: TheQuietMan at September 23, 2010 08:01 AM (1Jaio)

89 98 TQM,

heh +eleventy

what is most likely to happen is he will destroy big government as a viable answer to governing....of course we'll go through thirty years of shit to get there.

Posted by: sven10077 at September 23, 2010 08:02 AM (kq1lG)

90 Let's recover, again, like we did last summer!

Posted by: chubby checker at September 23, 2010 08:06 AM (oLT/p)

91 It was supposed to be the Summer of George!  The Summer of George...

Posted by: MostlyRight at September 23, 2010 08:12 AM (9axha)

92
Geoff, I had someone call me up today and tell me that I should buy gold now

I'm not an investment guy, so I can only offer vague advice. Gold has been a decent investment, and may serve as a hedge against inflation, though it's price is very high right now. Will it crash, stay steady, or keep rising? I dunno. How's that for useful advice?

But I will say that the gold salesman that called you up sounds completely disreputable. I wouldn't ever enter into any kind of business relationship with somebody like that.

Personally I'm investing my "spare" money in my long term physical well-being, which is mostly house repairs & improvements. Fixing up everything so it's turnkey. Planted some fruit trees. Thinking about adding solar panels, though I hate to support an industry that can't support itself.

The notion is that the value I create there will serve me regardless of the economy's direction, and those improvements are about as cheap now as they'll ever be.

Posted by: geoff at September 23, 2010 09:48 AM (QrzlF)

93

Let us not forget, this stupendous saving of the jobs of Americans, ...with its STUPENDOUS results was only at the cost of your childrens and grand childrens Treasury.

Thank you -zzed 'messiah'.

 

Now when the enviros finish the job of  'saving us', we all just need to have our grave sites paid for and dug.

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