1 Don't worry, it will be revised again to be worse.

2 "...sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at the same rate as in November. Once people stop looking for jobs, they are no longer counted among the unemployed." Is that when they join the ranks of the Funemployed?

3

Uh you know thank uh God, um Allah, or Himdu uh um floaty thingy that the media refuses to report this issue with the um, bug-chasing zeal they uh ah uh uh tried to hound Bush with um back when unemployment was er 5% or so and MSNBC in uh particular was saying "but the uh real number is like 7.5%"

The buck stops with ME, and I'll uh give you chagne.

4

1) Vic no quite the contrary when next month the numbers go up or "stay stable" we'll be treated to another round of "unexpectedly mild improvement news" by the newsies....

 

they WILL NOT report on this issue with emotion until they smell blood in the ater and Ogabe is facing a donk challenge.

5 Does this in any way affect Barry's solid B+?

6 Thanks for the update--I can't go to Drudge as long as he has the rather suggestive silhouette alongside Tank Napolitano.   

7 I've got news for you ... It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us. I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots.

8 I heard a story on the radio news this morning. They gave the unemployment number and then went on to talk about a shipping company that is currently hiring. No bias I can see.

/sarc

9

5,

That was last year's grade...Barry is on his way to an A-....he has had his fill of "false" humility

10

7,

I've got news for you numbnuts the stealth taxhike that Chicago Je$u$ and Slo Joe are going to let happen this year is at least as much to blame for the anxiety in corporate America as "the warmonger party" by the way since your brown-eyed boy just admitted we are at war with Radical Islam you may want to update your talking points Axelload.

11 @7  Hunan Resources? Is that Chinese spam?   

12 HUMAN Resources ... like there's never been a typo on the internet

13 11, just the cream of some young guy

14

12,

speaking of typos...how's President Je$u$' polling doing?

I'd wager him finally feeling the need to try to pretend he gives a flying fuck that radical muslims want to kill Americans is tearing him up inside.

15
Q1 2010 is going to be hell for Barack Hussein Obama, mmmmm mmmmm mmmmm.

16 Don't Panic!  PORKULUS II will soon be here.  Barry's gonna do a "hard pivot" and rescue us.  Just ask Nancy and Harry.

We're fucked!

17 "Hunan" resources? That's what the Clintons used for their slush fund, isn't it?

18 @12 - Like the typos one finds on visa applications...are you the guy processing my VA claim?

19
So how fucking long WILL IT take to fix the mess left by get back to where we were from Bush & Cheney?

20 Yes, that dastardly BOOOOSH, what with his pushing banks to make bad loans under the CRA, or the Mac entities operating massive money-holes...oh wait.

That was you guys.  My bad.

21

This is seriously bad news, particularly when the European economic news this week is factored in.  The EU broached 10% unemployment this week.  The news from Greece ain't good, either.

Green shoots?  GDP is meaningless, since the Fed continues to pour money into the economy and a lot of the "growth" we're seeing is inflation that hasn't yet been accounted for.  The NYSE is a complete bubble, for example, and any profits made there are the children of inflation...

We have not yet hit bottom.  With Wrongway Peachfuzz in the White House it's hard to say if/when we ever will...

22

14,

over at hot air they wrote that the panty bomber was "strike two" and they get it....

The idiots in this country thought just hiring President Wonderful was going to have AQ lay down with the libs like jackals with the lambs...well it won't because at the end of the day Jihadi Jim is simply the deniable asset that Islam uses as a tool against the west....

the whole "they are just poor" narrative Jug Ears the clown and friends try passing off is rich.....

neither Hasan nor the panty bomber were poor this is a multi-tiered highly adaptable foe we refuse to fight and Jug Ears will have to be dragged kicking and screaming to prevent a WMD event from happening if/when AQ gets a candle.

23
The Future just called me and said, "Hey, next January 2011 when things are even worse, the Democrats will say, 'Well, it's gonna take longer than 2 years to fix the mess left by Bush & Cheney.'"

24
Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009. Obama and all the economic expert rump-swabs said the recession ended in June 2009.

25 It must be so hard to govern for the Democrats when nothing they do can possibly have any effect.  I mean, Darth Cheney must have force-choked the economy really good.

Why, it'll take them 50 years to fix everything, so do you dare vote them out of office, you un-educated teabaggers sans pants creases.

/sarc

26 I've got news for you ... It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us. I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots.

Posted by: Obama/Biden 2012 at January 08, 2010 09:27 AM (GaTkJ)

This is so over the top it's hard to tell if it's a parody of the typical lefty response to everything. And for the record Barry has been in office for a year now. That's 12 months not 10.

27

22, we have not yet hit bottom....

 

guy I am fairly certain we are just now starting on the first drop of the roller coaster....

think about it the only way to end a recession is to grow out of it, but Team JackA$$ won't let us export coal, fights EVERY new factory tooth and nail under the auspices of the Sierra Club, and is insisting that we hamstring our adaptability to make a new economy by sacrificing fuel exploration on the altar of the Gore cult....

this is gonna make Japan's lost decade look like the blink of an eye unless we get the filibuster back and take our case to the American people for a conscientuous stewardship of an environment exploited to make America work.

28

Actually, I think Hunan Resources may end up being quite apt before to long.

Also:

BOOOOOOOOOSH!!!! <Shakes fist>

29
btw, I predicted last week that the UE data would remain +/- a tenth of a perecent.  I predict the GDP will show modest growth too, say, 2%.

The big increase is coming in UE and big decrease in GDP is coming in this quarter.

30 Wait, I thought the BOOOSH recession was over, like way back in August or Sept.

So, this one we can pin on Obama now, right?  Why'd he break the economy again right after fixing the recession?  This is a recovery, isn't it?

31 I've got news for you ... It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us. I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots.

That was good.  Which one of you guys did this?  It almost had me going.

32
The Democrats will criticize the Republicans for making the unemployment data political in 3...2...1....

33 I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots.

I'm going to leave the Hunan Resources alone mainly because now I want wontons. 

Let's go through the rest of this.  You know stuff about hiring and unemployment?  Good for you!  Here's a cookie.  Believe it or not, so do many of those who oppose Pres. Obama's plans.  Also, not to be a stickler for facts or anything, but one of stated reasons for slamming through the stimulus package was to keep unemployment below 10%.  How's that working out for you? 

Yourselfs =/= yourselves. 

Also, you must be new here since the vast majority of those who comment at this site slammed Bush repeatedly for the drunken sailor spending.  Naturally, we're going to even more diligently opposes super sized drunken sailor spending.  There's nothing inconsistent about that. 

Also, we prefer Morons, thank you very much.

34

Work?

Never heard of it

35

Normal job creation in a good economy is ~50k jobs per month.  If any jobs are ever created under Barry and normal job creation is maintained, it will be 2025 before all lost jobs are recouped. 

I hope you were counting on your children staying in college for a decade or two because there won't be any jobs for them if they get out sooner.

But look at it this way, all those years of tuition will be a stimulus to the economy, right?

36 alex, don't dare debate him.  He knows "the stuff about hiring".

This is a MENSA member we're dealing with here.

37
This is what's gonna happen today.

1)  The Republicans will come out and say a few words about how the Democrats and Obama are failing our economy.
2) The Democrats will fire back saying a) stop talking down the economy, b) stop being the party of No, c) it's wrong to make the jobless a political football, d) it was the Republicans who created this mess, and e) it's racist.
3) The Republicans will put their heads down in shame and shut their mouths.

38 What of the possibility of an alternate economy opening up, i.e., a substantial underground economy that exists outside the purview of creeping government?  As a corrollary, I think part of the reason the stock market has surged so much from its doldrums is the fact that Obama's economic policies are so ineffective that there's disbelief that they'll be fully implemented and/or enforceable.  Quite frankly, I think a large portion of the populace is ready to flout the ongoing stupidity.   

39 I've got to try now.  Here goes.

Of course unemployment is high.  What do you expect when we fight two illegal wars because we inflamed the Muslim world by occupying their territory and raping their goats, meanwhile Shrub is making payoffs to big business cronies and spending all of his time cutting brush instead of fixing helath care so that the little babies aren't dying in the streets.  You should point the finger at yourselfs for not voting for Obama, the Messiah and curer of jock itch.

40

40 HtP,

You know that is something else that bothers the unholy hell out of me....

part of why we are having Frau Botox and Dingy Harry get away with ramming their Joe-Bidens up our Hillary Clintons is that we are regaled with tales of woe about how the cost of medical work has far outstripped inflation and growth....

 

yeah and "Big Education" has grown even faster and much further....hell the degree my mom got for 14,000 over four years now costs about 112,000....

"change"

41

Hunan Resources,

Since you're an expert on hiring and stuff how long will it take to turn things around? Please share some of your vast wisdom on hiring and stuff with us.

42

43,

I don't think so or rather not much longer....

there is a fight brewing in the GOP effete elites about a lack of Steele in our resolve...or rather Steele's lack of resolve.

43 7 I've got news for you ... It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us. I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots. Posted by: Obama/Biden 2012 at January 08, 2010 09:27 AM (GaTkJ) Care for some Cream of Sum Yong Gai? Why would it take you more than a year to "clean up" after Bush? It only took President Spock 4 months to quadruple his deficits, make America a laughingstock around the world, and almost get 300 Americans killed. Just sayin'.

44
At this point, even if we had 5% growth, total jobs can not reach Bush numbers during obambi's first (and only term).

That's not taking into account lowering the massive debt added by Obama, which will take generations.

45

48,

well he/she needs 8 new hires this month to deal with all the returns being shipped back to the warehouse at K-mart ergo "she knows lots"....

 

OddLots that is

46 #28 It B+arry 2 months to learn where the door back in to the White House was after he first went outside (shhh its a secret). So really....10 months.

47

52,

We could pay down the deficits we owe if we simply strangled the growth of entitlements in the crib with the Baby Boomers and told the 40 somethings and younger, "good luck you're on your own"....

that's gonna happen one way or the other anyway.

48

@7

We're not too worried. Palin is gonna fix it up ASAP when she's POTUS. And retards like you can stand in line to sniff our asses.

49 43
This is what's gonna happen today.

1)  The Republicans will come out and say a few words about how the Democrats and Obama are failing our economy.

Here ya go:

_{After Attacking Bush During Periods Of Job Growth, And Pledging Their Stimulus Would Create Millions Of Jobs, WhereÂ’s The DemsÂ’ Outrage}?

It's from the GOP, got to it on Drudge.

Waiting for apology/ head hanging from Steele in 3...2...1..

50 And here I thought "Hunan Resources" was a restaurant reference...

51 I've got to try now.  Here goes.

I'll give you a 9.2.  Not enough typos and ChimpyMcBushitlerburton is preferred to Shrub.  You stuck the landing though. 

52
Cut entitlements?

I don't think that will accomplish anything!

53

Hunan Resources--Keep the Chang!   Bwhaaha!!

54

61 the Germinator,

Ja zat ees right, it is simply un-ameri-keen for us to not send all of us into starvation when we can print as much money as we want or dam eet borrow from ze UN to keep us going!

ow my brain hurts....

 

thinking like a Cali-tard is painful

55 I've recently gotten a small inheritance.  F this socialist bastard for making me terrified to leave it in the stock market. 

56
Remember a few weeks ago when all those stories came out about the phony-baloney cooked created/saved jobs with the Stimulus money? I thought for sure that story would seriously damage Obama and the Democrats. But it didn't.

The Republicans said a few words about it and then shut their mouths as soon as the Democrats told them to.

If the Republicans are only gonna make noise about our worsening economy for one per quarter, then they will never win. The economy is the number one issue and the Republicans need to stay on it every day.

57

64 Twinks,

I'd leave it with blue-chips like Coke....

 

not that I am a broker or anything but the "gains" we've seen the street making are the printing press economics in action....

 

the DJIA may be your best hedge against inflation sans gold...your real purchasing power when you cash out may not be much bigger than now but if you yank it and put in in the sheets so to speak it will be worth less when the inflation train from the pork cannon hits

58

In an unprecedented gesture of my magnanimity, I have singlehandedly reduced Bush's unemployment figures down to 10%.   ±10%.

59 64  My investments in "ammunition" have done much better than my investments in "stock market".  just saying.

60 Hunan Resources, is that like Chinese funemployment ?

Sarah Palin/Liz Cheney 2012

61 I trade financial markets. We were expecting a better number due to the recession stemming-plus seasonal YOY adjustments should have made this December number a lot better than last December's. Bright spot-the government added jobs as did health care. Of course, if Obama's health care plan is enacted, health care and health research will shed jobs. But your taxes are adding government jobs. We also got a huge tax increase this year already. AMT now reaches down to people making 75K a year. Not exactly the type of policy that stimulates economic growth. The stock market didn't sell off(yet). Why? First, lots of cash early in the year has to be put to work, so there are natural buyers. Second, The data for the first part of this year are assumed to be skewed a little. With the melt down from Oct 2008 until April of 2009, you just can't trust that data and need to look at other things. Plus, with governments around the world spending, and money still cheap-the market won't break. This is not a jobless recovery-it's a Keynesian trap.

62

65,

I'd like to think they are saving their powder in this rainy Bunker Jill for next quarter and then we will hear a thunder....

 

of course I also thought that even the GOP couldn't fuck up the wild enthusiasm Sarah engendered with the base....

63

It's actually worse than you might think.  For one thing, Calculated Risk reported the employment to population ratio has dropped back down to early 1980s levels.  And keep in mind there are a lot more people living in this country than there were in 1983.

http://tinyurl.com/yzng2dt

Also, Zerohedge pointed out a few days earlier that the Emergency Unemployment Number has literally skyrocketed---as of Dec 19th, the number of EUCs being filed is over 5.1 million; as recently as Nov 7, it was a little over 3.5 million.  The 5.1 million number is a record, by the way.

http://tinyurl.com/yzqlxme

Bottom line: Don't believe ANY of the happytalk coming from the press or anyone else who are touting "green shoots," a high stock market, cooked-up GDP numbers, and other BS factors; we are still DEEP in the shit and we aren't climbing out of it anytime soon.  At this rate, we will need a jobs gain of about 250,000 a month just to get back to even.  Who would possibly be delusional enough to think that's going to happen short of an economic miracle engine that the proliferation of the internet produced in the mid to late 90s? 

Our entire productive economy is dependant on Americans spending themselves into massive debt, and until THAT particular metric drops even more (the government is the only entity right now that is NOT deleveraging), our economy is NOT going to recover.  End of story.

64 Why are all these economic figures "worse than expected" every single month??? The only time I want to see that particular phrase being used in this context is for an analyst to report something along these lines"

The New York Times' readership dropped another 17% in 2009, resulting in a corresponding 23.5% drop in annual revenues - both figures worse than expected.

65 65 Because the GOP establishment in DC are a bunch of pussies who want to be friends with the "cool kids" on the Dem side.  A flaw that will prove fatal to our freedoms if they are allowed to continue...

66

68 Hatchet,

My investment in "reloading" will pay good future dividends but if it is a windfall I'd say that there are worse places than the dow....

 

since it seems to be Barry's potemkin village vis a vis the massive TARP outlay

67 "underemployment" rate in December rose to 17.3 percent, from 17.2 percent in October. That's just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.

REVISED the word of the decade.

68 #32 The Greatest Generation got a Carter X 4. It took until 1951 about for the stock market to break its 1929 high. Plus that idiot FDR pursued policy that got us into a war that killed a half million of them...many who actually voted for the prick.

This time our enemies have nukes.

B+rry and the Dems are all about protecting their re-election and advancing statism. This country is sliding downward just like it did under Carter and FDR and LBJ. We never seem to learn that liberalism is a mental disease.

69

 that recovery will be much stronger and faster if Congress makes clear that it will block any further assaults on the economy in the form of cap and trade, massive tax increases, and so on.

Which enforces the notion the precedent bed wetter and co. do not want the economy to improve, they prefer a state of perpetual chaos and doom. They are attempting to convince john q. public that he needs big gov. to take care of him, hold his hands, wipe his nose, WE knew this, WE saw this coming. I pitty those who didn't.  This gang of thugs is making Cloward- Piven & Alinsky look like absolute sages and Stalin a piker.

       

70

Via Instapundit:

Either Mass. Dems are imbeciles, or...

ok, forget that...

Given Mass. Dems are imbeciles, but if they elect Coakley, do they get some kind of award?

http://tinyurl.com/yfdgoo9

 

71 75   I stocked up on 7.62x51 back when it was cheap; it has done much better than the stock market as far as resale value goes.  Same for the rest of my ammo pile.  Just saying.

72 At this rate, we will need a jobs gain of about 250,000 a month just to get back to even. Who would possibly be delusional enough to think that's going to happen short of an economic miracle engine that the proliferation of the internet produced in the mid to late 90s? 

Posted by: David Axelrod's Combover at January 08, 2010 10:06 AM (/Pw+r)

Hunan Resources and others like him/her.

73

#64 If you can hold out until interest rates start their climb, consider the I-Series US Savings Bond as part of your portfolio, if you are looking to hold this stuff long term.  Right now it offers a zero % return, but that should kick up again once China knees a couple of Treasury auctions in the testicles.

The important thing: the I's are indexed for inflation...

Something to consider.

74

Din Choo always wonder who made those lap

top

batteries?

75 64 I quit stocks in december '08 out of that fear. I don't trust the upswing since then to sustain itself with Captain Takeover & Tax in charge.

76
President Revised

77 personally i don't even trust us bonds anymore....

78

It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us. I work in Hunan Resources and I know the stuff about hiring and unemployment. Point your stinking fingers at yourselfs for supporting the warmonger party. Idiots.

Hey clown, Obama's administration said the stimulus would prevent the U3 from going over 8% (and as a bonus, predicted that the U3 would go back down to 5% within five years regardless of whether the stimulus was passed or not).  Oops.  So don't try passing this off on Bush or anyone else.  Either Obama puts on the Big Boy Pants, or he needs to GTFO.

You are pathetic, to be quite frank.  You are so deep in the Kool-Aid pool that you can't even contemplate the notion that Dear Leader is nothing more than a shit-talker whose mouth is writing checks the nation can't cash.

The math, and the metrics, say you are full of crap.

79 You stuck the landing though. 

Posted by: alexthechick at January 08, 2010 09:57 AM (8WZWv)

Kerri Strug is nothing.  That hurt.

80 personally i don't even trust us bonds anymore....

Posted by: phoenixgirl at January 08, 2010 10:12 AM (ucxC/)

Neither do we.

81 #65 Now there are reports of stimulus money going to ZIP codes that don't exist.

Remember how upset DemocRATS were about how money that went to Iraq seemed to disappear (remember the bank robbery over there that netted a 1/4 billion$$$$)? Well they certainly are quite now. And Republicans are awful quiescent too.

82

Eggs ellent, Morgenholtz. The morning isn't wasted: a new star is born, for our future amusement. All hail HUNAN the contrarian!

Reckon it'll be back? Watch that hash...

83

personally i don't even trust us bonds anymore....

Gold, silver, copper, lead, and lead delivery systems are the only truly trustworthy investments, IMO....

Want to know why the Democrats f'ed me when they killed SS privatization?  They prevented me from taking the $150 that gets taken out of my paycheck every two weeks and putting it in physical gold and silver, and CDs at my credit union.  Instead, I'm sinking liquidity into a Ponzi scheme that I'll never get to use.

84
The loss of life and sacrifice not forgotten, but the trillion dollars spent in Iraq & Trashcanistan actually helped our economy, somewhat. A lot of those dollars went to the private sector, whereas the trillions being spent by Obama is producing SHIT and TAKING AWAY from the private sector.

The Left knows nothing about economics. Nothing. All they know how to do is spend working people's money.

85

What we are seeing, in other words, is Barack Obama's economy--the foreseeable consequence of the terrible economic policies that he, Nancy Pelosi and Harry Reid have imposed or threatened to impose on the nation.

No it's not. It's all evil BUSH's fault. Just ask Hunan Resource the expert on hiring and stuff.

86

93,

and that is what we at the grass roots need to start stressing in our message to the sub 50 crowd....

"these jackals steal from you and YOUR company for a ponzi scheme that they privately acknowledge does not work and cannot continue"....

 

 

87 Pethokoukis: If another 600k+ workers had not dropped out of workforce, unemployment rate would have been 10.4 percent.

When you're invisible, you just don't count anymore in ObamaWorld.  Bullshit govt numbers aside, the genuine, out in the street, unemployment rate has been steadily marching upwards at a healthy clip.

These people may be "invisible" on the unemployment figures due to definitional sleight of hand, but they most certainly NOT invisible on the SNAP (i.e. food stamp) data coming out of the Dept of Agriculture and in the spending bills congress passes to fund SNAP.

88 #37 They think unemployment went over 10% (instead of is because they didn't spend ENOUGH stimulus $$$$. After all that was a bipartisan bill and all that malarky....

89
When you're invisible, you just don't count anymore in ObamaWorld. 

That's true. Obama doesn't give a shit and he'll put a positive spin on the numbers.
But that won't change the fact that is close 20% unemployed out there and they're fucking angry.

So Obama can spin all he wants -- it won't change the facts on the ground.

90

Hahahahaha.  Just wait until the morons in Congress pass Barney Frank's Financial System Destruction Act.  There won't be a dime of credit for anyone and bankruptcies are going to go through the roof. 

Democrats are trying to drive small business out of business in this country.  They want everyone working for big businesses that they can control and unionize, or for the government. 

91 This is not a jobless recovery-it's a Keynesian trap.

Told you.

92

101

"Votes don't count, counters count"

Barack Stalin

 

See were we still going to be a functioning non-fraud based representative Republic his blindness would give me hope but Chuckles Schumer wanting to force enroll all welfare recipients tells me those folks will be "voting*" even if they are dead or don't vote....

 

93 And for the record Barry has been in office for a year now. That's 12 months not 10.

The two months for the party doesn't count, raaaaaacist.

94

I've got news for you ... It will take a lot longer than 10 months to fix the mess that EIGHT YEARS of Bush/Cheney left us.

Do tell.

I mean tell us how the enlightened 52% plan to pull us out of this ditch since you work in Human Resources and everything (Quoting the great Inspector Harry Callahan:  "Personnel is for assholes."). 

Because what I see in your statement is a lot of finger pointing and a big fat zero on policy.  Kind of like your fearless leader.

95

I assume the HR person (who here has met more than one HR worker who wasn't a dirt bag?) is a sock.  But lest any leftard trolls scanning this forget, the dominos of this crisis were erected during the Clinton years.  The Dems had 8 years of easy prosperity to set up good energy policy.  Instead they diddled around and raised taxes, thereby putting a brake on the economy right there, which was only felt later.  The "oil shortage" is what kicked off the recession and really got the sub-prime situation into a state of collapse.  The Dems did nothing to kill Osama, even given 3 chances, thereby allowing the eventual attack on 9-11, which was a dire hit to the economy.  Had the US been governed responsibly in the Clinton era we'd be in great shape.  Bush 2 did do some damage with his wasteful spending, but a big portion of that was on some long overdue and fully justified war fighting that has, until recently, been going quite well - and is still going well in Iraq.  Also, excessive government spending, while bad and inevitably carrying a heavy cost, does not necessarily harm the real economy that much, so long as it doesn't suck up the credit needed to maintain that economy.  We didn't have TRILLION dollar deficits in the Bush years, just so a bunch of campaign contributors and friends from Chicago could line their pockets with public funds.  The Bush tax cuts and his refusal to implement a bunch of nutty Leftist BS regulation was vital to keeping the private sector going, such as it was.

Now the Dems are holding back the recovery with their insane threats of rampant socialism.  They need to be pushed aside, as soon as possible.

 

96

101

Interesting article here:

http://tinyurl.com/y9pt6so

97 Wait for the revision on this number.

Right now, the Ds can appear to be keeping things from getting worse (when in fact, we're still losing jobs).  But the revision will likely be higher-- and announced quietly.

Remember the 3.5% growth we had that got revised twice, lower each time?  Now it's a barely existant ~2%?

98

Hunan Resources

I'll have one from column one & 2 from column b

thank you...sum dum fuk

99
yeah, Laura Ingraham was just talking about that

Again, the Republicans will never ever utter the words 'voter fraud' even if their own colleagues are losing their seats to election thieves.

100
Yet CNBC maintains the Obama lie that we're in recovery.

101 #95 B+rry's google eyed dingbat Mom dumped her Marxist Kenyan BF not long after he was born. B+rry knows this. He has abandonment issues. He has a nuclear trigger finger too.

102
If this is an Obama Recovery I'd hate to live through an Obama Recession.

103 All this talk of a double-dip recession makes me think of those lyrics:

"I dip, you dip, we dip..."

I always used to love two scoops - but not up my ass.

104
All these 'experts' and not a single one will say:

Gee, maybe this young law professor who never turned a nickel in the private sector doesn't know anything about economics.

105 Months ago I clearly remember some talking head host on CNBC interviewing an economist.  During the discussion one of the guests had the realization, on air, that the possibility of a jobless recovery was very real.  Never forget the look on his face when he allowed the thoughts in his head to come out of his mouth.  Never forget the reaction of the talking head which was to get him off as quickly as she could.  Wish I could find the video on you tube or the CNBC site but I doubt it would be there.  The guy and his on air realization appears to have been correct.  It was fascinating watching Christina Romer trying to justify the number and the actions being done to fix the number on CNBC.  Love the way Erin Burnett insists on calling her "MISS ROMER".   Says it all. 

What did you guys think of the analysts and small business reps coming out on CNBC today saying there is no demand for loans.  No demand?  No demand?  How could that be.   Then on the other side of their mouth they say the banksters are trying to come up with "something on margin" to fix the siutaiton.  So, what is it?  Is it no demand or is it "we have no chance of getting them to lend to us, so why try?  And what will "something on margin" be?  Usury rates?

Interesting day.

106

Civilian participation rate plunging badly. 589K more people gave up looking for work in December. There is no recovery.

Sales tax receipts by governments are also plunging showing no recovery.

When will the lies end?

107 Remember: 10% is 2%.

In binary.

108

Yet CNBC maintains the Obama lie that we're in recovery.

CNBC is to financial advice and reporting as Tiger Woods is to marriage counseling.

109 And the stock market? Oddly, when companies lay off, they frequently return to profitability.

110
Yes, because if we know anything, we know that unemployed people are great for the economy.

The phrase Jobless Recovery is the biggest fraud perpetrated on the American people since Global Warming. You need people working to have a robust economy. When people work they produce shit and buy shit. When they're unemployed they produce nothing and buy nothing and are a burden on the taxpayers, which in turn weakens the economy further.

This is economics 101.

111 Erin was the first one on CNBC to have the guts to say the jobs number was terrible.  Everyone is dancing around, she came out and said it.  Often wonder how she keeps her job and doesn't follow dylan ratigan into the ranks of the unemployed.  She was also the first to point out to her guest commenters "what if this is the new norm?  then what?".....Amazing how these people when they get on CNBC suddenly lose their reasoning ability and their ability to talk.  Essentially they lose their brains.

112 Shit.  My Nobel Prize is really good for some ball dipping attack juice against Obama's economy.

http://is.gd/5UOou

113 What's eleventy!!! in binary?

114 Erin was the first one on CNBC to have the guts to say the jobs number was terrible.  Everyone is dancing around, she came out and said it.  Often wonder how she keeps her job and doesn't follow dylan ratigan into the ranks of the unemployed

Ratigan works for the super truth network at MSNBC.  I can't be certain that he actually is paid.  It is possible he just shows up to read teleprompters for two hours.

115 from James Pethokoukis:
Here is what I have tweeting on the subject this AM:


Sorry, I ain't readin that shit. If I wanted to read tweets I would become a twit and start twittering. I don't think it's too much to ask to have someone add some conjunctions and punctuation for a post on their blog.

116 "128
Yes, because if we know anything, we know that unemployed people are great for the economy.

The phrase Jobless Recovery is the biggest fraud perpetrated on the American people since Global Warming. You need people working to have a robust economy. When people work they produce shit and buy shit. When they're unemployed they produce nothing and buy nothing and are a burden on the taxpayers, which in turn weakens the economy further.

This is economics 101.

Posted by: Posted by: Huge, Quickly at January 08, 2010 10:49 AM (z37MR)"

Well said.  so how come everyone is afraid to say stuff like this, particularly on CNBC?  (and other cable outlets)

117 saying there is no demand for loans.  No demand?  No demand?  How could that be.

Closed and padlocked bankrupt businesses don't seek loans.  Neither do the homeless, and those who still own a house that might still have significant equity are suspicious of dealing with banks anymore now that they had cards canceled, limits chopped, etc. 

Banks have suddenly become "the enemy" to a generation or two.  That does not portend well for them in the future.

118 What's eleventy!!! in binary?

Posted by: torabora at January 08, 2010 10:51 AM (1ao2R)

1011X1010!!!!!!!!

119
Here's a thought-experiment: Why would a goods-producer, say General Electric, employ people and manufacture and increased amount of goods, thus increasing the GDP, if there are less people out there buying their goods? They wouldn't.

If sales are down, say, 10%, GE is not going to produce more goods, and retailers are not gonna want to add more inventory if their stock is not moving out of their stores.

GE and retailers would reduce CONTINUE to reduce their workforce and match their respective outputs and inventory to current demand.

120 When they're unemployed they produce nothing and buy nothing and are a burden on the taxpayers, which in turn weakens the economy further.

And the bulk of Barry's recovery plan has been to extend unemployment benefits, thereby taxing those working to pay those not working to not work.  Not stimulate growth, not to lower the costs of economic activity, but to feed the beast of unemployment.  That's just nuts, and we're seeing the results.

My radical plan would have been to just suspend all Federal taxation for three to six months.  We'd have less debt from it than the stimulus, plus we'd dump a massive amount into the hands of every person to get their heads above water or move themselves ahead.  I can't see anybody making the case that that would have worked any worse than what they're doing now.

121

Jan. 8 (Bloomberg) -- U.S. stocks dropped, sending the Standard and Poor's 500 Index down from a 15-month high, after an unexpected decrease in jobs spurred concern the economic recovery will falter.

I'd hate to think that this recovery will falter. It's going so well now.

122 O/T:  Did anyone just hear Beck's program.  The host told a story of some HS kids in, I think Detroit.  they made T shirts for their school and they showed the number 11 but they put windows on the ones so that it would look like the twin towers and apparently they had the school's mascot a falcon flying towards the towers and they apparently said something to the effect on the shirt as "we will never be brought down".   They then played an interview with the Principal saying "they are just kids, they didn't think".  Beck's guest host was slighly outraged saying "of course they thought, that is what they believe".  Scary story.

123

#134 Well said.  so how come everyone is afraid to say stuff like this, particularly on CNBC?  (and other cable outlets).

Because they live in a fantasy world where economics can be fine-tuned by the government despite all logic, reason, and past experience showing that it doesn't work in the real world.

At least in the end, there will be only chaos.

124 Remember the 3.5% growth we had that got revised twice, lower each time?  Now it's a barely existant ~2%?

Don't forget to factor Cash 4 Clunkers and the 787 billion dollar stimulus.

125

The phrase Jobless Recovery is the biggest fraud perpetrated on the American people since Global Warming. You need people working to have a robust economy. When people work they produce shit and buy shit. When they're unemployed they produce nothing and buy nothing and are a burden on the taxpayers, which in turn weakens the economy further.

It's just like everything else the stupid libs do.  Say it often enough and it becomes the truth.  Unbelievable how fucking stupid some people in this country still are.

Good God, even my son has come around.  Being unemployed for 13 months will do that to you.

 

126 Love the way Erin Burnett insists on calling her "MISS ROMER".   Says it all.

The fuck does that mean? 

127

Banks have suddenly become "the enemy" to a generation or two.  That does not portend well for them in the future.

I dunno, it worked out okay in the 30's, didn't it?

128 There's 11 kinds of people in the world. Those who understand binary, and those that don't.

Posted by: I Am Nobody Jack at January 08, 2010 10:49 AM (IhHdM)

Then you'd have to say those who understand binary, those that don't, and those that don't give a rat's keister.

129
nickless mentions yet another 'stimulus' offered by the brilliant Democrats: extending unemployment benefits.

Yes, that'll do the trick. Keep taking money out of the hands of the producers and give it to the non-producers. Always works in the Universe of Lies.

130 And the bulk of Barry's recovery plan has been to extend unemployment benefits, thereby taxing those working to pay those not working to not work.

Oh, no, this is where that jerk comes in and tells us all we're stupid for believing that government collecting money from businesses hurts businesses.

131

At least in the end, there will be only chaos.

I'm here! Been here for a year, now.

132 i'm really concerned about the fdic insurance.....i know they can just print money to reimburse us but i think the gov't will pay pennies on the dollar instead.......except some people/countries will get more pennies on the dollar than hard working US citizens......because some people/countries are more equal than others.........

133 The economy around Washington DC seems to be going great.

134 RAWMUSE! happy new year!

135
So, who wants to bet Ace mentions his Cash-Register Montage thingy, again, today?

I hope he does because it's always fun to read. And I'll bet they'll show the register-drawers opening and closing on TV today, too.

136
...government collecting money...

ahhh, yes, back in the olden days, we called it 'taxes.'

137
Since Obama is the messiah, taxes are now called...

tithe.

138 and Ogabe is facing a donk challenge

Hadn't thought of that happening. It's almost a given that obambi is a one termer, but they might just decide to pull the rug out from under him to keep the White House. Get some charismatic Hollywood type with great hair, chiseled chest, an actual birth certificate;
----------------------

Hillary's ears are burning.

139 Thanks, phoenix! made it thru another.

140 Since Obama is the messiah, taxes are now called...

tithe.

Posted by: Posted by: Huge, Quickly at January 08, 2010 11:07 AM (z37MR)

That's bullshit.  I'd give my left nut to only be paying 10%.

141 come vist table9chat.com sometime raw......some old friends there in the evenings.......i'm sure they'd love to see you......

142 DemThought: lucky healthcare will just be a forced purchase instead of a mandated tax.

143 How many people know someone out of work? I know at least 3 people who have been looking for jobs for over a year.

It will either collapse or people will wake up.

144
the new ICS:
Involuntary Contribution Service

145 160 st agnostica it's even more brilliant than that.......let's mandate health insurance AND tax it........

146 OK, phoenix. But I don't often do chat anymore. I have been busy, pretty much on a consultant basis. In other words, the way I have been living for 30+ years. I have never had a "job" in the classical sense. Just gigs.

147

Somethings fishy here. I mean 600K people all just decide to stop looking for work. How does the BLS even know this? Just because they stop "reporting" to a state employment service? Telephone survey? What?

I see it as more likely that 600K people have lost their unemployment benefits.

148
let's mandate health insurance AND tax it........and hold off on implementing actual health care services for 3 years.

fixed

149 How many people know someone out of work? I know at least 3 people who have been looking for jobs for over a year.

I have no friends, so I don't.

150 156 and Ogabe is facing a donk challenge

Hadn't thought of that happening. It's almost a given that obambi is a one termer, but they might just decide to pull the rug out from under him to keep the White House. Get some charismatic Hollywood type with great hair, chiseled chest, an actual birth certificate;
----------------------

Hillary's ears are burning.

Posted by: arhooley at January 08, 2010 11:07 AM (GKXA7)

For some time now I've thought that the election of 2012 is going to be a replay of the election of 1968- with Barry playing the part of LBJ.  Due to her skill at "triangulation" Hillary should be able to play the parts of both Eugene McCarthy (by bobbing left to energize the crazy base into unseating Barry) and Hubert Humphrey (by weaving to the center to secure the nomination).

It's less clear who will play the roles of Richard Nixon and George Wallace, but the stars do seem to be aligning themselves into the same pattern.

151 How do unemployed people get by? How do they feed their families? Does anyone know? This is awful.

152 How do unemployed people get by? How do they feed their families? Does anyone know? This is awful.

Posted by: . at January 08, 2010 11:20 AM (hyP1j)

Well, there's the day old donuts in the dumpster at Krogers.  And you can usually cadge a meal on Sundays after church services, depending on the denomination.

But mostly, it's the three magic words "Grandma's Basement".

153 Often unemployed get by by selling assets they accrued while employed. OR they have a spouse that works. Or some just go in to a life of crime. Some commit suicide. It is tragic.

154

How many people know someone out of work? I know at least 3 people who have been looking for jobs for over a year.

I personally know 5 people unemployed right now.  Two of them for over a year.  My niece and her husband both got layed off, lost their home etc.  Been a horrible year for them.  And they have twin girls a little over a year old.

155 I see that Obamavilles are dotting the California landscape which is not a bad place to be escaping the arctic blast covering the rest of the country.  So, the west coast does have some advantages, after all!

156 It would be nice if Geoff included the actual U-6 numbers in his graph instead of just the U-3.  I don't think anyone in their right mind would have created projected U-6 numbers.

Then again, knowing this Administration, the projected U-6 numbers would have been less than the projected U-3 numbers due to all us of receiving our awesome Skittle shitting unicorns (taste the rainbow).

From a hotel in Lathrop, CA...

157 How do unemployed people get by? How do they feed their families? Does anyone know? This is awful.

Posted by: . at January 08, 2010 11:20 AM (hyP1j

they move in with their mothers

158 I'm still hiring -- if you have a hard science degree (physics preferred), can code, can travel, and are a clearable US citizen.

159

can travel, and are a clearable US citizen

two out of 4?

160 Remember a few weeks ago when all those stories came out about the phony-baloney cooked created/saved jobs with the Stimulus money? I thought for sure that story would seriously damage Obama and the Democrats. But it didn't.

I have a theory about that.  I think all they wanted to do was set up a cheapo website where people would self-report all of the "saved or created" jobs and they could tout it.  But it was so cheapo that the phantom congressional districts shot it all to hell.  Honestly, I think that stimulus is a national joke.

But don't look to Obama's personal numbers.  He will not get blame.  He's always Obama The Good Boy-King.  His advisers are the nefarious ones.  Yesterday's speech should mark the beginning of the end.  It will be nothing but infighting (chaos) from here on out.

The very strange leak about Rahm wanting to return to Chicago (at the same time as the Democrats announcing they wouldn't seek re-election) suggests to me that the wheels are coming off the bus. 

161 @172

How many people know someone out of work? I know at least 3 people who have been looking for jobs for over a year.

I personally know 5 people unemployed right now.  Two of them for over a year.  My niece and her husband both got layed off, lost their home etc.  Been a horrible year for them.  And they have twin girls a little over a year old.

...this is what makes me angry, that those fools (Rs and Ds) look at public policy as a game. Whose side can win, they don't see the true cost to individual people. It really sickens me...

Praying that your niece and husband find work...

162 I guess Obama really believes in socialism. I thought he was just using it to get power, but if he repealed the Porkulus and health care, the market would take off, businesses would rejoice, and he would be a god!

Well, I guess the leeches already think he is a god, but his pro-business/freedom program would work. I think  he just doesn't believe it.

163
Really?

They're not getting any heat from anyone -- not the Republicans, not the media. If the Obama admin were in trouble, they be purging personnel. The first one to go would be Geithner. Then the National Security Adviser. Then maybe Napolitano.

Then, they'd shitcan Gibbs for being a tool. As log as these utter failures and embarrassments are still in the admin, they are feeling pretty confident in the White House.

164

#143 - spot on.  If it's jobless, it ain't a recovery.

This news is horrific. 

I'm sure glad we'll be adding Universal Health Care to the shit pile.  The 19 employed people who survive this Administration should enjoy paying for the other 300 million of us...

165 Ken@165 -- that is why the unemployment number is weak sauce, the real number is 941 payroll receipts (or the current forwarded rate collected by the payroll companies). The only hard number is the one that you go to jail for screwing up.

166

Posted by: curious at January 08, 2010 10:56 AM (p302b)

Curious, that story is on the sidebar on the main page here. See "Dearborn, MI story.

167
btw, did any lefty moonbat blogs blast Cafferty for getting on Obama's tits about breaking his promise to televise negotiations on CSPAN?

168 i'm looking forward to eating grass, and boiling shoe leather for soup.

169 i know some out of work people and this is what i hear from them...uh it doesn't pay enough...i collect more on unemployment.....that's beneath me..... thank God i haven't been in their position but for goodness sake...work is work....go to temp agencies....as many as there are in your area sign up and take what ever job they give you! show up, work hard, be respectful, have a good attitude... i get that the job might not pay enough for you to continue the lifestyle that you've grown accustomed to but sometimes you need to take whatever work is available....

170

Thank you Mike, I hope they do too, but my real worry is my son.  How he stays so optimistic is beyond me.  It's been 13 months for him.  And to answer another post, well they either move back in with mom and dad or mom and dad help them buy giving them money to live on. We chose door #2.  We already have my daughter living with us and my son would NEVER move back home.  He'd rather die first.  He feels bad taking money from us.  We also help support my husbands elderly mother and my mother will also be needing help soon.  Yeah lifes a freaking bowl of cherries.

 

 

171 sorry Mother Willow, what I really want are physics majors who are disillusioned with graduate school and want to do some real stuff. I like'em young before somebody else teaches them lots of bad habits. I would prefer they learn my bad habits.

172

Jean,

smiling,.. i understand. i was trying to have a light moment, I hope you find a great worker than benifits your company.

173 benefits*

174 I hate to risk striking an optimistic note in the midst of excellent Bambi-bashing, but one thing that could work in our favor - I just read that the Chinese are thinking about allowing their currency to appreciate 10% vs. the dollar.  That would help slow the outflow of manufacturing work.  Couple that with the decline in domestic wages and it'll be getting a lot cheaper than it used to be to do work here.  Not everyone wants to set up shop in Viet Nam or Africa...   Perhaps the race to the bottom in global wages will slow a little.

175 Soon One of B+rry's minions will utter the phrase "we're right sizing the economy".

That's code for You lose Your job....not me.

176 Jack, with the distinct possibility of the NFL circus shutting down for 2011 things will get pretty grim.

177 #73
"Worse than Expected"

The press, even the financial press, is LIBERAL.  Because of this, when there is a Democrat president and congress, their every expectation is high, and, when there is a Democrat president and congress, the economic facts are ALWAYS worse than the liberal financial press' predictions - thus, they are always surprised.

I noticed this during the last few administrations, as well.   When a Republican is in the White House, and when Dems do not control congress, the same exact liberals who make wild happy positive (and dead wrong)  prognostications during Lib administrations tend to make dire, dismal predictions about the economy.  The economy under conservatives invariably does better than the predictions of the Karl Marxes in the press, and AGAIN they are always surprised, and the headlines, EVERY SINGLE MONTH during the Bush administration, said....

"...Better than Expected."

It is like physics, like death and taxes, like the sun rising and setting.  It is an unchanging, innate feature of the liberal financial press.

178 uh it doesn't pay enough...i collect more on unemployment.....that's beneath me.....

Unemployment probably does pay more than a lot of service-sector jobs.  The max is over $500/wk in Minnesota, for something ridiculous like 72 weeks.  When I was living in my sister's basement (due to bad choices, the economy was pretty good at the time) I was making $6.50 /hr at an outlet mall.  A woman who started after I did quit after a week because she was spending an hour's labor on the gas to get there for a four-hour shift.

179 Who broke the blog?

180 uh it doesn't pay enough...i collect more on unemployment.....that's beneath me.....

Unemployment probably does pay more than a lot of service-sector jobs.  The max is over $500/wk in Minnesota, for something ridiculous like 72 weeks.  When I was living in my sister's basement (due to bad choices, the economy was pretty good at the time) I was making $6.50 /hr at an outlet mall.  A woman who started after I did quit after a week because she was spending an hour's labor on the gas to get there for a four-hour shift.  I was clearing about $125/wk--just enough to keep my car insurance and cell phone (for the job hunt) and food/incidentals (pantyhose for job interviews, puke).

OTOH, the guy who finally hired me to work in my field was only hiring people with "not-what-I-want-but-gotta-do-something" jobs, 'cause that meant they weren't sitting around bemoaning fate or playing WoW all day.

181 Who is paying for allah underpants's defense?

He comes from wealthy family.  The USA better not be paying for his defense....Same with Ft.Hood Hassan......He has money too.

please Mr. Tapper ask Obama this question.

182 Whoops.  Sorry for the double.

183 I used to drive a truck and our company went out of business a few years ago and I got unemployment for a couple of weeks.  Trust me, I would have rather been driving a truck for 14-16 hours a day and making good money and not getting the "free" $285 a week after taxes.

184 Hey, I got a minor in Physics and a minor tied up in my basement. Do I qualify?

185 I personally know 5 people unemployed right now.  Two of them for over a year.  My niece and her husband both got layed off, lost their home etc.  Been a horrible year for them.  And they have twin girls a little over a year old.

I've been funemployed since last May. The job market around here is almost completely barren. Very much worse than when I was laid off in 2002 (and again in 2004). There's just nothing out there to even apply for, much less get hired. I've never seen it this bad.

186 chicocano - the felony thing might be a problem, but what was your major if you minored in physics, education?

187 And so begins the "tick .. tick .. tick" to January's numbers when the Labor Dept adjusts the "birth/death" model by using hard numbers to set the "death" level, which wipes out the estimated (fudged) job "birth" numbers for small business employment.

You have to wonder what the real numbers are showing if they decided to report an decrease in employment for December.  If it were good, they would have reported something good today and then claimed the January drop was due to a larger than normal seasonal adjustment.

188 You know, if you look at that graph and add the amount that obama claimed the unemployment would  be at with the spendulus to the number without the spendulus, you get pretty close to the actual unemployment.

It's almost as if everything obama has done is doing the exact opposite of what he claimed would happen.

Fancy that.

/sarcasam

The libs will never learn from their own past actions.

189  Jean,208. I majored in analytical chem. Sorry,i'm employed in the Canuck oil patch system. Hey, oil ( west Texas crude) is trading at 82 bucks a barrel, today.

190 chicocano - oil might be a good thing to be in now.

191 "144 Love the way Erin Burnett insists on calling her "MISS ROMER".   Says it all.

The fuck does that mean? 

Posted by: Miss HeatherRadish at January 08, 2010 10:57 AM (mR7mk)"

It means that everyone else who interviews her allows her to dance around the question, change the subject and nestle back into her civil servant cocoon.  Erin burnett, to her credit, is the only one who reels her back with "MISS ROMER..."  and she keeps asking the question in different way until finally when 'MISS ROMER" doesn't answer Erin Burnett answers for her and 'MISS ROMER"  has her own version of an on air visual cow.

BTW, does anyone else think that the growth rate in Education and Government isn't that good of a thing in a democratic republic?   If so many people already work for the government or for education (government practically since they have powerful unions) then less people work in the private sector.  These government clones and education parrots don't care about the democratic repulbic, they car about themselves only.

It seems he takes care of those who have never held real jobs.

192

The U-2 rate is 10.0 percent. When does Bono throw us a benefit concert?

193 Winpromote solutions creates and produces custom printed logo promotion items and <a href=http://www.winpromote.com/category/ >promotional products</a>, imprinted corporate gifts, tradeshow giveaways, promotion merchandise, advertising specialties, corporate gifts, and a wide variety of <a href=http://www.winpromote.com/hot-products/1.html >promotional novelty</a>.

194 Yesterday, my friend bought a <a href="http://www.chiflatironss.com/">chi flat iron</a> which is so beautiful, i am surprised by the design and style. Do you have <a href="http://www.chiflatironss.com/">chi flat iron</a> now? if not, go to online store and have one, it is so amazing!!!   There are many online stores having <a href="http://www.chiflatironss.com/">chi flat iron</a>, i believe you gonna like it!

195 Good point. Thank you for sharing

196 http://www.shoes-hats-store.com/