1
Hmmm, these numbers taste like shit-flavored fudge.  I'm sure they're entirely reliable, though.

2

This is climate science data applied to unemployment.  It's bullshit pure and simple.

No way we can continue to lose jobs and the unemployment rate declines - unless people quit looking, in which case they are ignored.

Get that?  I G N O R E D.  Hey unemployed people - F--k you!

3 They are lying and you know it Ace.

4 So is that 9.7% rate before or after the revision of the extra 800+k jobs lost?

I really think we need a change in definition of what the unemployment rate is.

5 Heard a bit on Brian and the Judge this morning: Judge Napolitano cited a transfer of unemployed to the "discouraged" category as the reason for the decline. Accuracy? How much do you trust Judge Napolitano?

6 I really, honest-to-God, wish it was bottoming out but I don't think anyone looking out their window, enjoying the wonders of funemployment, believes it for a second.

7 It's easy to get the number to take a down-tick when you add 500,000 to the potential workforce.....  All you need is a calculator.  Really - try it.

8 Yeah, they used the hockey stick program to make this number. Hell, by 2012 unemployment will reach zero.

9 PEGGED!!

10  bad  news  - not enough unicorns to go around
good news - they kept one to produce jobs numbers

11 Read the tables. The U-3 number went down because a large number of discouraged unemployed were removed from the rolls. If you look at U-6, the number of unemployed or underemployed is at a record 18 percent.

12 Fuzzy Math. CRU now doing Economic forecasting?

13 Yeah, they used the hockey stick program to make this number. Hell, by 2012 unemployment will reach zero.

There's that VIC-20 again

14

 think we need a change in definition of what the unemployment rate is.

we already have, one set of numberws for Republican unemplyment numbers. one for democrats

i believe in democrat numbers they don't count those that have moved to extended unemplyment benifits after first 26 weeks are up.?

at least that was said yesterday by washington AP

15 Who's playing with the friggin' elevator?

16 Hacky cheerleader for more job pain? More like pointing out that things are getting worse because more people have stopped looking for jobs (which is why the % went down). This is essential because people everywhere need to realize how much Democrats keeping control of government is going to screw us. This isn't cheerleading - just sober facts.

17 benefits* and other assorted errors.

18 The problem is that they keep revising past numbers so there's no reason to think this number will stay this low. I hope it does, but... If Obama can find some way to defy all economic logic and manage to find job growth with his policies, more power to him, but since he isn't doing anything that a freshman economics major knows is bad for growth, I just don't see anything other than continued recession. Maybe, maybe, we will have a slow (very slow), painful recovery despite Obama, but it will take a long time for American ingenuity to overcome the obstacles he has put in its way.

19 i stand with my fellow morons.... this is horse shit of the first odor.

the Dow dropped because new filings were up, and we're supposed to believe that unemployment is actually down?  yeah, whatever, and i believe somebody broke into Charlie Sheen's garage, just to push his SUV off the side of the road too.

if Barney Fife want's everyone else to believe this crap he needs to share the drugs they're using in the White House, 'cause what we can get ain't strong enough to do it...... they're fing crackheads, one and all.

20 willow is your keyboard broken?

21 There are two reasons that unemployment is going down:

1)  The Democrats stranglehold on the Senate has been broken.  There is now hope for small businesses and middle class families.

2)  Obama is being forced to abandon the open ended and unstoppable ultraliberalism he hoped for.  Now there are talks of spending freezes (TALKS, we still need to get the word out that he's not actually doing anything yet), abandoning the deathcare government takeover uberalles, and reversals on security/terrorism. 

These bode well for us all.  Unemployment will go down, the more Americans see that Obama is failing... failing to destroy America.  Rush's lightning-rod statement about hoping Obama fails might gain a different reaction now...

22 Mike, no but i might be.

23 Haven't we "added" about 150,000 temperary census taker jobs?

24 How many new jobs are GOVERNMENT jobs verses non-GOV?    Government seems to be the only growth area.

25 During the election campaign, our Idiot Governor in Michigan all but licked Obamas feet in submission, begging him for help. And he promised, promised that he would do something for this state, and the idiots here believed him. Yes, Michigan went for Obama in a big way, and drank the Kool Aid.

And what has he done here, outside of nationalizing two car companies?

Nada
Zilch
Nothing

Oh, sorry, he's encouraged imaginary "green" jobs, which the Idiot Governor has touted till she's blue in the face. Jobs that don't really exist at all except on paper.

Want to see what a Depression is like? Come to SE Michigan.

26 you are all smart enough to ask the questions that we'll ask

Nothing to add to that, just want to make sure none of the morons missed it.

What I'd be interested in seeing is a primer on where all the economic numbers come from.  It's mentioned that the unemployment number is from a household survey, which sounds like a poll with all the inadequacies that go along with that.  I'd add a similar 'what's that mean' for the employer survey, since the numbers seem to indicate that a bunch more people have jobs than employers employed.  And as Hot Air points out, income tax receipts seem to be down again-which seems to be a better indicator to me that things are still headed in the wrong direction (or were last month) since that should count most everyone.

27

There's that VIC-20 again

Its been a long time since I was 20.

28 This morning on CBS news radio out of NYC they said the "unemployment had dropped to 9.7%, supposedly."

I was amazed.

Later they said that "the Anti-Business President was inviting CEOs to watch the Super Bowl with him."

I almost lost control and ran into a Prius.

29

I guess I didn't sound sufficiently skeptical.

 

My bad.

I'm just saying I'm willing to wait and see while this data gets carved up. 

30

The answer as to why people continue to lose jobs, but the U3 unemployment number goes down is the fact that hundreds of thousands of unemployed have run out of unemployment benefits, and are no longer counted in the number.

31 If you look at U-6, the number of unemployed or underemployed is at a record 18 percent.

Posted by: Fresh Air at February 05, 2010 11:27 AM (1yI4

In case anyone missed it the first time.

32 Was mad channel flipping this morning so forgive me for not identifying my source, however someone said that they have changed the way of configuring this stuff, again, so now it will be more difficult to make historical comparisons.  Perhaps this is why lindbaugh said yesterday that he hired (he created a job) a math specialist, expert to have someone decipher all the numbers coming out.

33 hundreds of thousands of unemployed have run out of unemployment benefits, and are no longer counted in the number.

At this rate we'll have 3% "unemployment" in a jiffy.  Good times, good time.

34 What I'd be interested in seeing is a primer on where all the economic numbers come from.

( )o( ).

Any questions?

35

I'll just add, cause I'm a businessman, most companies have the same damned self-preservation instinct human beings have.  We started planning for this pain back in June of 08. Cutting capital expenses, writing off the bad receivables, working the balance sheet and adjusting our planning and growth for 2009, 10 and 11 based on "this is going to suck".

My budget as a percent of sales was cut 11% last year, by me.

Now, oddly enough, we're weathering this thing ok. But we're not going to start spending until we know there's a return for it. Period.

36 This unemployment number is about as legit as the 5.7% GDP number is.

37 Hey! Now we don't need no steeenkin' jobs bill!  Everything is coming up roses!

38 Unemployment's not a problem, it's a symptom. Of malaise.

39 Great news, 36 percent of Americans have a positive view of Socialism... Are we fucked?

40

What James @21 said.

And, imagine the NYT headline if this were during the Bush administration: "Thousands more lose jobs", since non-farm payroll did decrease slightly. It was their only employment barometer, when it was going down.

41 18 and 24 peg it.  #1, the numbers are shit.  #2, the only way we could possibly see a decrease in unemployment unrelated to unemployed folks dropping off the unemployment registry is if they take government jobs.  And nearly all government jobs produce nothing beyond additional regulation and bureaucracy.  Which retards further economic growth.  Hell of an economy you got there, Barry.

42 Where's the hiring going on? Government at the federal level. That's just about all you need to know.

So, the tumor grows while the body weakens. Dr. Kevorkian Obama is at the bedside.

This type of policy -- one that Team Obama embraces because an expanding central government remains its objective -- will ensure our economy remains stagnant or worse for the foreseeable future. We might see a positive outlook from the domestic business community as 2012 approaches (and the prospect of progressivism/Obama getting the boot becomes inevitable) though the incredible debt will still remain a huge drain.

We have years of suckitude ahead even as we might feel better about rotating out the statists.

43 I'm sure the numbers will be adjusted again at some point anyway.

2004- Hooverville!

2010- Everything is getting better!  Return to your homes!

44

The way the numbers are arrived at is a muddle.  That is, no doubt, intentional.  But if it is true that the unemployment is being reduced a little, we can rest assured that it has little to do with anything the administration has done. 

The American economy is still powerful and full of smart people - it will chug along as best it can.  People will continue to look out for their own best interest, and flushing your business down the toilet rarely qualifies.  The bones of those business will be kept going as long as possible, and if things start picking up they'll start adding bodies.  People who are still employed are, in many cases, starting to feel less paranoid and that will eventually lead to some more spending.  Things like this will eventually have some positive impact on employment.  I think that, like the stock market, we had an over correction in people's behavior when the nasty stuff started to hit - some companies went too lean or only needed to stay that lean for a short time.  Some people have secure jobs and plenty of disposable cash, but tightened the belt out of nervousness. 

Let's just hope no new taxes actually get passed.  Let's hope they keep the Bush tax cuts.  The government can do little good with the current batch of dummies in charge, but they can do a lot of harm.  Hopefully Voter 41 will help to keep them in check.

45 BLS added 1.4M lost jobs into the past two years....900k in 2009.

Why are we to believe these numbers are accurate with that track record?

Obviously unemployment should have been higher if 1.4m jobs just disappeared in "adjustments" - do you see those revisions? no.

Look at the BLS website data.   One in Five Americans are RIGHT NOW Unemployed.  Period.  Yet the MSM is celebrating a "fall" in unemployment by 0.3%.  Why am i not celebrating? Well - this in the BLS report today:

"Alternative Measures of Labor Underutilization" (Orwellian anyone?)

18% is Jan 2010 unadjusted unemployment rate when including all discouraged workers.  

Take a look at the U6 figure on the BLS tab noted above, unadjusted.   That same adjusted U6 for Jan 10 is 16.5%, supposedly a 0.8% fall from Dec 2009's adjusted U6 of 17.3%.....

Yet, unadjusted, the Jan 2010 U6 is 18%, a 0.9% RISE from unadjusted Dec 09 U6 of 17.1%.  I can't find the Dec 08 U6/Jan 09 U6 adjusted/unadjusted for comparison purposes, but this looks very suspicious.

Another example of statistical fraud by Obama - look at the unadjusted - adjusted rate difference for Jan 2010 v. Jan 2009 for U3, the official unemployment number.   Jan 2010 U3 unadjusted unemployment is 10.6% - adjusted is the big number for the media and Obama - 9.7%.  That's 0.9% hacked off in "adjustment" for January 2010.   For Jan 2009, unadjusted U3 is 8.5% - adjusted is 7.7% - that's 0.7% hacked of in "adjustment for January 2010.  And the big news is the rate fell 0.3%.  Pure Fraud.  

Also, Dec 2010 job losses rose via "revisions" to 150K (extra 70K) - I see this as shifting losses to allow a only -20k figure for Jan 2010

the evidence of statistical manipulation is here for all to see

46 This says it all

47 Maybe they need a category for "jobs not saved".

48 Complete bullshit, put out and circulated by a fawning crowd of jock-sniffers in the media.

People that have run out of benefits, given up and done without, or are forced to work for cash are falling off the rolls. These unemployed folks are still hurting, but Obama will make hay off of the clerical errors. Despicable.

The real unemployment rate is hovering between 16% and 19% and these bastards know it. You can bet your ass they would be shouting from the mountain top if a Republican was President.

If the gawddamn commie professors and bleeding hearts were losing their jobs it would be more important to them.

49 "hacky cheerleader"

Well, if no one else will ask, I will.

Cheerleader pic?

50 11 Read the tables. The U-3 number went down because a large number of discouraged unemployed were removed from the rolls. If you look at U-6, the number of unemployed or underemployed is at a record 18 percent.

Posted by: Fresh Air

That's the answer.  I wish you'd made it funny so I could thread winner it.

51

At this rate we'll be back down to 7.5% by 2011.  Of course another 2,000,000 people will "no longer be looking for work".

Non Farm payroll jobs

Jan 2009 -   133,549,000

Mar 2009 -  132,070,000 (Stimulus I is born)

Jan 2010 -   129,527,000 (without Stimulus I it would be 128,027,000 according to O-6bama)

 

52 "...I ain't gonna be a hacky cheerleader for more job pain..."

See, everybody, Dave just saved or created one job, and if all of us do it, we all count as employed.  That's how Obama math works.

53 And, imagine the NYT headline if this were during the Bush administration: "Thousands more lose jobs", since non-farm payroll did decrease slightly. Back when we had catastrophic unemployment of under 5%, you could never hear that without the reflexive 'that does not count those who have given up looking'. I always took it as some kind of MSM spin. There were probably talking about the 0.01% added by the U-6 index. Funny how they don't bring it up now.

54 39 Great news, 36 percent of Americans have a positive view of Socialism... Are we fucked?

Posted by: Holger at February 05, 2010 11:36 AM (8NGHm)

That is the hard core portion of the 52% that voted for Obama.  Those fuckers will never see the light. They are perpetually brainwashed.

55

Gee, this is good news.  Let me just check and see if I've become employed. 

Nope, still unemployed and another month closer to the end of unemployment benefits.

56
Hey! Now we don't need no steeenkin' jobs bill! 

It would be freaking GREAT if the repubs actually used this (imaginary) number to bash the dems over the head with and kill Porculus II.  Not holding my breath, though.

57

That is the hard core portion of the 52% that voted for Obama.  Those fuckers will never see the light. They are perpetually brainwashed.

Posted by: conscious, but incoherent at February 05, 2010 11:45 AM (Vu6sl)

The Republic needs a cleansing.

58 I said this last week:

30 And the market is off by 70 now.  May be back below 10,000 next week.  Heckuva job there, Barry.

Posted by: CUS at January 28, 2010 10:29 AM (wOGfT)

Dow now at 9,940 and change.  Fear me.

59

Whee! A .3% drop in unemployment! I'm sure there were high fives all around the Oafal Orifice when those numbers were released.

Never mind that the stock market suffered a big loss yesterday. Some folk can read between the lines.

Meanwhile, many of my friends are on food stamps for the first time. A couple have lost their houses, and I'm into my third year of funemployment. And my unicorn is still on back-order.

60 I think that, like the stock market, we had an over correction in people's behavior when the nasty stuff started to hit - some companies went too lean or only needed to stay that lean for a short time.  Some people have secure jobs and plenty of disposable cash, but tightened the belt out of nervousness.

You obviously don't know anyone who grew up during the depression.  Times like these change people; they change people for the rest of their lives. 

61 things are getting worse because more people have stopped looking for jobs

Well shit, with 70-100 weeks of "unemployment compensation" available depending on your state, unless you're a one-adult household (i.e., parent or spouse not keeping a roof over your head), why bother?

62 What are the Schedule VI numbers -- yanno, those who have given up or are 'underemployed?' Engineers working as fry cooks or folks working part time, because it's *something*? That number somehow never makes the nooz....

63

The RNC doesn't need to dispute the number--it will just make them look like the Party of No Obstructionists the media has portrayed them to be.

What they should do--is go out and find five indie/dem voters that voted for the Corpose-man that are unemployed. Have them tell their story of how they voted for someone based on his claims on how he would handle the economy--not squander a year on worthless health care debates.

64

Creamy crock of crap!  Steaming stock of stool!  Putrid pile of Poo!  I just want to give a shout out to Precedent Obama--"YOU LIE BOY!"

Last night when we were running, I was telling the guys I run with how much I hate this douchetard because he is purposefully destroying our country.  One of the guys said that he is currently working on a jobsite with a bunch of 20 something year olds.  They told him that they never even thought of politics before, didn't care about politics, didn't pay attention.  All of a sudden, they are acutely aware because their livelihoods have been directly affected because working construction has become a lot more sporadic and difficult.  They are really pissed off about what is going on.  It's ironic, but unintentionally, Obama is becoming a uniter; people are uniting against him and his policies.  The only exception of course, are the Koolaid chugging Obamabots.  I think that our country is slowly waking up, and people don't like what is going on.  I pray to God we can survive the next 3 years and that our Boy President doesn't win another term.

65 I remember going to college in the Seventies in NYC (same time as the Illustrious One). There was a shell game con where they would hide the ball and con you out of your money.

This is the Obama administration playing with their balls.

66 32% of Americans approve of socialism.

That's a load off my mind. Can't have a civil war without at least two sides.

67
The Republic needs a cleansing an enema.

ftfy

68 So far today, the stock market isn't impressed by the 9.7% unemployment rate.

69 Posted by: laceyunderallssonn at February 05, 2010 11:49 AM (TwXU6)

The RNC is addicted to shooting itself in the foot, so it won't happen. More and more I am beginning to believe a popular electoral uprising to create or take over a political party is the only chance.

70

Meanwhile, many of my friends are on food stamps for the first time. A couple have lost their houses, and I'm into my third year of funemployment. And my unicorn is still on back-order.

 

Oh my goodness, third year of unemployment!  What did you do?  What kind of job are you looking for?  I think you live in Florida, right?

71 #60

You're right that they change people, and deeply, but not always in an illumined way.  The rise of socialism and fascism followed the heels of the great depression.  Idiots.

72 Traders and investors have come to realize Obama numbers are worthless and invariably much worse than being claimed.

73

This is the Obama administration playing with their balls.

Just how in the hell is that possible? They don't have any.

74 This is the Obama administration playing with their balls while on drugs Any questions?

75 OT But maybe one of you smart morons can fill me with some knowledge. What is flash.quantserve.com and why is it taking so long to load, slowing the page load time to about 5 minutes?

76 This is the Obama administration playing with their balls.

That's why I keep mine encased with pudding.  No one else will touch them because of the yuck factor.

77 47 Maybe they need a category for "jobs not saved".

 

How about "unpaid jobs" created?

78 @74

This is the Obama administration playing with their balls.

Just how in the hell is that possible? They don't have any.

After they paid off Hillary's campaign debt, she gave them the testicle lock box.

79 This figure is taken the same way they do political polls. They call households and as whoever anwers the phone if they have a job or not. While it can show trends it is in no way accurate enough to come within 3/10ths of what is going on in the economy. That's why the stockmarket is getting hammered again today.

80

Pelosi: Where are the jobs, Mr. President??!

81

Just how in the hell is that possible? They don't have any.

 

Well, the only way possible is if Michelle lifts up her skirt or if Michelle removes Barry's from the mayonaise jar on the fire place mantel.  Either way, it depends on the largesse (pronounced "Large Ass" in negro dialect) of Michelle.

82 O/T:

Bwaahahahah!

Hackers steal millions of carbon credits

83

OT But maybe one of you smart morons can fill me with some knowledge. What is flash.quantserve.com and why is it taking so long to load, slowing the page load time to about 5 minutes?

Ace has RAMmed you with dipping sauce.

84

From CNBC:

While a sharp increase in the number of people giving up looking for work helped to depress the jobless rate, some details of the employment report were encouraging. The number of "discouraged job seekers" rose to 1.1 million in January from 734,000 a year ago.

WTF is encouraging about the number of people who have given up looking for work rising by over a quarter-million?

85 81 Zing! Great find.

86

It's time to face the likelihood that there will not be a "decade-long jobs recovery" at all, and the US economy will never again support most people through employment. At that point, the country inherits a permanent unemployable underclass of Biblical proportions, across all ethnic backgrounds, and education will not save you. And equality will have been achieved.

There will be a brain drain period, for those who can stomach it; after that, look for various Luddite schemes to increase employment by mandating inefficiency in the few classes of jobs that cannot be shipped away. Not that we weren't already doing that anyway.

 

87 This morning on CBS news radio out of NYC they said the "unemployment had dropped to 9.7%, supposedly."

I was amazed.

Later they said that "the Anti-Business President was inviting CEOs to watch the Super Bowl with him."

I almost lost control and ran into a Prius.

Posted by: trainer at February 05, 2010 11:31 AM (K5X44)

Yes: I was shocked to read the AP version of the story and find this:

Still, Friday's unemployment report showed just how deep the job crisis remains. The government now estimates 8.4 million jobs vanished in the Great Recession, and economists think the nation would be lucky to get back 1.5 million of them this year. And they say it will take at least three to four years for the job market to return to anything like normal....

But Paul Ashworth, an economist at Capital Economics, noted that the economy has been growing for six months yet company payrolls are still shrinking.

"Based on what we've seen so far, we think it is fair to characterize this as another jobless recovery," Ashworth said.

The employment figure for November was revised higher to show a gain of 64,000 jobs, up from 4,000. But the December figure was revised lower, canceling out the gain.

Sure looks like the MSM is losing its appetite for cheering on Obama and covering up his incompetence.

88 "Conspiracy of Fools" was an expose of what happens to an organization that lies to itself and the market.   Obama and company think it is a How-to book.

89 Posted by: Iskandar at February 05, 2010 11:57 AM (/o58C)

Beautiful. I am so tempted to start supporting myself through activities like that.

90

Good point. We don't want to be like the Left and cheer for recessions and military defeats.

It's just a fact: If the economy improves, we won't have the wind at our sails, politically, like we have so far. Criticizing won't be enough. The Right will have to have concrete, alternative plans.

91 What is flash.quantserve.com
Posted by: SaTx

Flash ads. Because they suck. Or your ISP does.

92

Pelosi, thanks for the link.

“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.

 

Hmm, I wonder what those numbers are today.  Oh, and if I were an African American, I'd be pissed that my peeps had an higher unemployment rate than the Hispanics (a lot of whom are illegal!)  Unbelievable how the media and Democrats kept railing on Bush and his horrible economy and continue to blame him even though now all of this falls on the Dems and Obama. 

93

Since there is a very large resevoir of "discouraged workers", doesn't that mean the U3 number should stabilize for quite some time at 10% because these workers will eventually become undiscouraged and start looking again? I bet these discouraged workers will eventually disappear from the statistics all together.

What's especially galling about these unemployment percentages is that there needs to be about a million jobs a year increase just to maintain a particular unemployment rate. Yet the country is still shedding jobs but the unemployment goes down.

94

How about "unpaid jobs" created?

Posted by: runningrn at February 05, 2010 11:54 AM (CfmlF)

Sabbaticals created.

Opportunities for career reflection and redirection created.

Vacations created.

Daytime television viewers created.

95

What's not contained in the employment figures is the number of people still employed only because they agreed to take pay cuts. My wife, for instance. 50% pay cut in order to stay employed. I have a friend who is employed by a huge telecommunications company and gets paid salary/commissions. In '08, he made over 165,000. In '09, he made 82,000, on 4% more business. They cut his commission structure in half. But he still has a job, right? Yeah, I know lots of folks have a hard time feeling sorry for someone who makes 82,000, but that is not the point.

People who still have jobs are de-leveraging like mad-men. If the government thinks people are going to buy us out of this recession, they are nuts.

And to the unemployment report: Three of the folks I know have been looking for work over 18 months. Not a hint of a job. They have exhausted their benefits, and are no longer counted as unemployed by the gov. Gee, I bet that makes them feel better. And thats. just. the. fucking. way. it. is.

96

OT But maybe one of you smart morons can fill me with some knowledge. What is flash.quantserve.com and why is it taking so long to load, slowing the page load time to about 5 minutes?

 

 

Ha! Ha! Ha!  He said "smart morons"!  Ha! 

97 What is flash.quantserve.com

Ad serving nonsense.  You can opt-out with a link at the top of this page:

http://www. quantcast.com/ info/privacy

98 "the Anti-Business President was inviting CEOs to watch the Super Bowl with him."

How much is Barry's Super Bowl party setting us back?  Even if the NFL comps the suite/food/booze, there's still travel and security...

99 That's why I keep mine encased with pudding.  No one else will touch them because of the yuck factor.

Posted by: CUS at February 05, 2010 11:54 AM (wOGfT)

Gee, the tapioca pearls in this pudding are awfully big.

100

I have a question and I do not/not mean to sound insensitive--what are the folks doing who have exhausted their benefits?

 

101 http://tinyurl.com/ybbwezz

102

I have a question and I do not/not mean to sound insensitive--what are the folks doing who have exhausted their benefits?

 Posted by: Circa (Insert Year Here) at February 05, 2010 12:06 PM (B+qrE)

Living with family or going on government handouts.

103 101 "the Anti-Business President was inviting CEOs to watch the Super Bowl with him."

How much is Barry's Super Bowl party setting us back?  Even if the NFL comps the suite/food/booze, there's still travel and security...     Plus the $2.5 million ad for the freaking census.  (Ruh Roh, can't shut off the Italics!)

104 Ha.  I'm just now getting into a EMail debate about a Paul Krugman column.  I called him an incompetent ass, and they are upset about foreign companies 'swaying' elections because of the SC decision last week.  I asked how much money the Chinese gave to the Clintons.

105

Hmm, I wonder what those numbers are today. 

I believe it's at or near 20%, right?

106 Hmm, I wonder what those numbers are today.

Posted by: runningrn at February 05, 2010 12:01 PM (CfmlF)


In January, unemployment rates for most major worker groups--adult men (10.0 percent), teenagers (26.4 percent), blacks (16.5 percent), and Hispanics (12.6 percent)--showed little change. The jobless rate for adult women fell to 7.9 percent, and the rate for whites declined to 8.7 percent. The jobless rate for Asians was 8.4 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

107

Total bullshit.  Utter nonsense.  The unemployment rate would be 99.5% if Opie didn't save all of those hundreds of millions of jobs.

If the Obama admin. says it's 9.7%, it's likely to be around 12%.

108 Yeah, I know lots of folks have a hard time feeling sorry for someone who makes 82,000, but that is not the point.

50% drop in income = a lot less federal income taxes.  You would think this would matter to Democrats, but they're innumerate.

109

I'll just add, cause I'm a businessman, most companies have the same damned self-preservation instinct human beings have.  We started planning for this pain back in June of 08. Cutting capital expenses, writing off the bad receivables, working the balance sheet and adjusting our planning and growth for 2009, 10 and 11 based on "this is going to suck".

Posted by: Dave in Texas at February 05, 2010 11:35 AM (Wh0W+)

A related phenomenon: the MSM are businesses, too, and it seems that their sense of self-preservation is finally kicking in to the point where they are acknowledging reality.  I predict this is the year they will turn on Obama in a desperate attempt to woo back the readers and viewers who've left them in disgust at their past bias.

110

I have a question and I do not/not mean to sound insensitive--what are the folks doing who have exhausted their benefits?

Dropping out, working off the books, drawing welfare...

111 Just here to reiterate what fresh air and vashta said. The only reason this number declined slightly is when you run out of unemployment benefits and are still out of a job you get dropped from the conventional U3 number. We're still shedding jobs. This is exactly analogous to a case where someone claims "A smaller percentage of businesses are underwater and in debt than ever before!" and then you discover the reason that number declined was that once the businesses folded, they are no longer counted.

112

Hackers steal millions of carbon credits

hahahahaha, look at all those cooling towers. All the smart news people know that cooling towers are only found on nukes so the photo was obviously shopped.

Also, look at the stuff coming out of those smoke stacks. They would be fined big time in the U.S. for pollution.

113 Unemployment is the only thing keeping inflation down, what with the tremendous debt we're looking at financing.  If real growth starts and people start getting re-hired, wage pressure's gonna shoot it through the roof.

114 50% drop in income = a lot less federal income taxes.  You would think this would matter to Democrats, but they're innumerate.

Posted by: HeatherRadish at February 05, 2010 12:08 PM (mR7mk)

They laugh at the Laffer Curve.

115 Scott Brown: Stimulus Didn't Create One New Job

116 But of course unemployment drops when you lose 800,000 more jobs!

And 2 + 2 = 5!

117 104 http://tinyurl.com/ybbwezz

 

 

they must have used like 15 "skinny" lenses for that shot!

118

If the Obama admin. says it's 9.7%, it's likely to be around 12%.

Actually, it's over 17%.  That bodes well for Cloward-Piven; starving folks start demanding socialism at ~ 25%.

Who says that BHO is stupid?

119 blacks (16.5 percent)

What's the rate for black men with an HS diploma?  Before Obama, there was much shrieking about how bad it was compared to white men with HS diploma.

120

they must have used like 15 "skinny" lenses for that shot!

She was at a Big & Tall toilet. Scale.

121 Thank you for the help, all!

122 That market-ticker (.denninger.net) guy has a graph that says it all, you may want to snag, Dave.  "Labor Participation Rate" is pretty much falling off a cliff.

123 I have a question and I do not/not mean to sound insensitive--what are the folks doing who have exhausted their benefits?

Scrambling for odd cash jobs, liquidating 401K's, terminating life insurance policies and taking a cash payout, selling any collections of semi-valuable shit they may have had, selling wedding rings and jewelry, guns, etc.  

The ones with mortgages are fucked; that's a tough nut to crack every month.  If you have a paid off crib someplace where the taxes aren't too bad and go into "hunker down mode" minimzing everything, its amazing how little it takes to just get by. 

124 In January, unemployment rates for most major worker groups--adult men (10.0 percent), teenagers (26.4 percent), blacks (16.5 percent), and Hispanics (12.6 percent)--showed little change. The jobless rate for adult women fell to 7.9 percent, and the rate for whites declined to 8.7 percent. The jobless rate for Asians was 8.4 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)     Thanks, Tami!  Heh!  I wonder if I should have yellow female guilt since my demographic has the lowest rate of unemployment.

125 Begin Rant

Goddamn it to hell. We are in the midst of a depression and Obama is wacking off at every chance rather than doing his goddamned job.

We got people out of work,  legions of them, lots of them are skilled labor like myself. We should be out there building dams, pipelines, nuclear power plants, drilling for oil and natural gas, building green and efficient alternative energy, repairing crumbling bridges and all sorts of actual good stuff.

Instead this fuck face is fucking around with the Republic. I want a fucking job Obama, I want my life back on track. But instead you are dicking around throwing swank parties and turning the White House into your own personal fucking shrine. Fucking meglomaniac twunt! Socialist fuckface!

That goddamned ignorant motherfucking bastard!

End Rant.

126 starving folks start demanding socialism at ~ 25%.

Fortunately, the only people starving in America are the ones who won't sign up for food stamps (out of principle or laziness, and I doubt the former clamor for a Soviet-style state) or who don't qualify because someone in their household works but don't hit the private food banks (same parenthetical notation).

127

@5  How much do you trust Judge Napolitano?

About as much as I trust Janet Napolitano....   Even on legal issues where he is supposedly "expert" half his opinions are utter nonsense.

128 Holger, I sense your holding back.

129

Carly FiorinaÂ’s attack video on California Senate primary opponent Tom Campbell is simply the greatest political advertisement ever made.

Definitely makes me want to vote for her, because anyone willing to get this weird deserves my unstinting support.

130 We need an Employment Blimp.

131 Posted by: Purple Avenger at February 05, 2010 12:18 PM (gIWiY)

If I was to go all out in a rant, I'd probably have Secret Service knocking at my door.

132 Reality, anyone who works toward Cloward-piven is very very stupid.

133 Holger, he knows all of that.  It's by design.

134
If I was to go all out in a rant, I'd probably have Secret Service knocking at my door.

Or running you down in an intersection.

135

Reality, anyone who works toward Cloward-piven is: very very stupid.

Socialist

Progressive

8th generation Welfare

52%ers

136 I think everybody here has it figured out. We don't want to cheer against dropping unemployment. The U-3 number is a fraud, always has been, U-6 is the number to watch.  The media will play this good for a dem prez and bad for a repub prez.  Job losses of 20k, causes unemployment to go down, not credible.  The potential manipulation by the O team is that the labor dept was originally going to correct the birth/death model to prevent this but decided not to do it this year "for some reason".  Almost 1 million jobs will be made for the census soon although those will go away in June, so we are likely to see the U-3 number between 9% and 9.5%, with private sector employment decreasing.  The August report is likely to be brutal.

I hope things do get better soon, no matter who gets credit.  But the repubs should use this to stop any sort of keynsian stimulus disguised as a jobs bill.  There is a reason that the administration isn't trumping this report, and its because they want a new spending bill.

137 Holger, it's fine... See the unicorn? Look at the shiny, the shiny!

138

Another pesky math note:

The FY 2011 budget assumes an 18.5% growth in federal revenues from allowing the Bush tax cuts to expire for the >250K crowd and closing "coporate loopholes."

...

...

...

Anyone for a two trillion dollar deficit?

139 End Rant.

Posted by: Holger at February 05, 2010 12:16 PM (8NGHm)

Even though it was bullshit, at least Bill Clinton could make it look real when he said, "I feel your pain."  Obama doesn't even make a credible show of empathy.  It's astounding that he indulges in the high life and that the First Lady goes on an organic vegetable kick when an increasing number of long-term unemployed are running out of resources to put food on their families' tables and having to turn to food banks.

140

 Even on legal issues where he is supposedly "expert" half his opinions are utter nonsense.

I'm glad someone else recognizes that besides me.

141

Or running you down in an intersection.

Conspiracy kooks like you also believe that the IRS and ATF are buying up heavy weapons to use against the citizenry.

Wait a sec...

 

142
Chi-Town Jerry is right, the R's should accept this number at face-value and use it to kill the impending 'Stimulus 2: Commie Boogaloo' the dems want to pass.

143

Anyone for a two trillion dollar deficit?

Posted by: Circa (Insert Year Here) at February 05, 2010 12:24 PM (B+qrE)

Like I said: they laugh at the Laffer Curve.  But Laffer will have the last laugh.

144

Anyone for aNOTHER two trillion dollar deficit?

...that only covers us through February

145

Even on legal issues where he is supposedly "expert" half his opinions are utter nonsense.

They make perfect sense from the paradigm of Cloward-Piven, Ayers, Alinsky...

146

it's no like ppl got new jobs, they just stopped counting ppl they consider have "stopped" looking for jobs.

the real unemployment rate is about 17% or 18%

147 142 End Rant.

Posted by: Holger at February 05, 2010 12:16 PM (8NGHm)

Even though it was bullshit, at least Bill Clinton could make it look real when he said, "I feel your pain."  Obama doesn't even make a credible show of empathy.  It's astounding that he indulges in the high life and that the First Lady goes on an organic vegetable kick when an increasing number of long-term unemployed are running out of resources to put food on their families' tables and having to turn to food banks.

Posted by: stuiec at February 05, 2010 12:24 PM (GU29T)

Have you noticed lately how Odumbass has started to do the lip biting thing and also that stupid tongue action?

148

I think Limbaugh read my earlier post.

149 UPDATE: This post saved or created thirty seven jobs. Thanks KeithA for the reminder! C'mon, now, Dave. 37? Why not take credit for 37,000? Every person who uses this site has a computer, and think of how many people computer companies employ. Hell, I think your post created or saved 370,000, maybe 400,000. Solid.

150 Hell, Ace has saved or created thousands of jobs at Jello Pudding.

151

Have you noticed lately how Odumbass has started to do the lip biting thing and also that stupid tongue action?

Posted by: conscious, but incoherent at February 05, 2010 12:30 PM (Vu6sl)

I hadn't, but only because I dislike looking at him.  Has he stopped scratching his face with his middle finger when talking about people he dislikes?

Oh, and by the way: how do they put the stage directions in his Tele-Prom-Ter without risking him reading them out loud?  "I want those who are unemployed bite lip to know that I understand your frustration poke tongue."

152

In the grand scheme of things - Government jobs are an expense on the economy.  Private sector jobs are revenue.

More government jobs than private sector = bankruptcy.  Period.

153 just remember, if you have stopped receiving unemployment benefits because you can't find any jobs to apply for you are offically no longer unemployed, in fact for all political intents and purposes you don't matter at all.

154

Hell, Ace has saved or created thousands of jobs at Jello Pudding.

Technically--IN Jello Pudding.

155 OT: "Obama has been in power for a year, and he has already lost three special elections. Me, I have won two legislative elections and the EU election. What can one say I've lost?" Sarkozy is quoted as asking."

156

O/T: Conyers keeping it real, yo.

157

Rahm creamed in his tights over these numbers.

Lies, all lies.

158 159

O/T: Conyers keeping it real, yo.

Posted by: laceyunderallssonn at February 05, 2010 12:37 PM (TwXU6)

Wow! We're really underestimating the depth of their stupidity.

159 Mission Accomplished!

160 What happens by some chance, that we don't gain or lose seats in 2010?

161 Ther is a new structure being built near the Jail in Vegas. It has a sign posted that it is the product of the TARP funds........it is a small building .....real small by Vegas standards. Pales in comparison to the 8000 jobs that ended after City Center construction was over. But then, teh funding on THAT will result in further job loss because the 9 million dollar condos are NOT selling and the entire place will be a bust. Thanks REID for forcing the funding for City Center!

162 Conyers can take a flying fuck at the moon. Shit, his wife is going to jail, and he's got "no comment" cause he didn't know she was doing illegal things, yet he's counting black faces during a meeting? Priorities.

163 163 What happens by some chance, that we don't gain or lose seats in 2010?

Posted by: Holger at February 05, 2010 12:41 PM (8NGHm)

Civil War.

164 158 OT: "Obama has been in power for a year, and he has already lost three special elections. Me, I have won two legislative elections and the EU election. What can one say I've lost?" Sarkozy is quoted as asking."

Posted by: conscious, but incoherent at February 05, 2010 12:36 PM (Vu6sl)

 

Well, he is French...that is a big loss of its own.....

165

What this Friday needs is a sympathy haiku thread for "Joggin Jaywalkin' Jim" Treacher.

I can't even estimate how many jobs that would create.

166 Mikeyslaw-- Yes, the salary issue is nearly as important to economic growth. That's why Charles Biderman at TrimTabs looks at daily, real-time tax withholding deposits at the Treasury. When you see the deposits going down year over year, you know the economy hasn't turned. Everyone else who's interested-- Go to shadowstats.com if you want the straight skinny on these numbers. U-3 is nearly devoid of meaning at this point.

167 just crossing the street black SUV clips my ass fucking busted knee

168 I just made a visit to the bathroom.  While I was in there, I didn't save any jobs, but I did create a statue of Barack Obama.

169

O/T: Conyers keeping it real, yo.

LOL, I have been saving that post for the headline thread that looks like we are not going to get, so here goes:

From Fox’s “Speakers Lobby”

 

Conyers calls on Clinton to demote USAID Director

 

In the letter, Conyers says that he was “alarmed and chagrined” to learn that Shah did not bring any African American staff to a meeting of the Congressional Black Caucus on Wednesday to discuss Haiti.

 

That statement epitomizes the overt racism by the CBC and Conyers.

 

170 Can't watch Obama anymore? Me neither. I mean, what's the point? There's no correlation in what he says to what he does. "Just words" so to speak. Who knew the projection of his rhetoric would fly so far?

But, if you have to listen to Obama, I just picked up a tip from a threads at JustOneMinute:

While he's ping-ponging from left to right TOTUS, say "Ding" at the end of his sentence. Think typewriter. For example, "[*ping left*] My fellow Americans, (DING!) [*pong right*] I'm glad you're all here to day so that we can address blah blah blah. (DING!) [*ping left*] My administration has worked tirelessly to repair the damage we inherited blah blah blah (DING!)...

171 How the hell does the unemployment rate go down when the number of unemployed increases?

 

172

I notice one of the lefty talking points in the comments section at Politico (I know, I know): businesses aren't hiring because health insurance for workers costs too much!  These are the types of lamebrains we have to deal with. I employ union painters, who have an excellent health insurance plan (medical, dental, vision; I'm on it myself, best I've ever had); health care costs are part of the check the union gets every month. Our firm has half the usual amount of guys n' gals working because NOBODY'S SPENDING MONEY ON PAINTING AND WALLCOVERING! If somebody calls me to start 20 guys tomorrow on OT I guarantee you the cost of their health insurance is the farthest thing from my mind. Martinis for everyone, that's what would be on MY mind.

173 We keep losing jobs, but the unemployment rate keeps dropping. Just like Red China.

174 Kansas, you need to have a Harvard degree to understand such things.

175 Pelosi: Where Are the Jobs, Mr. President? February 5, 2010 Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that hundreds of thousands of people abandoned their job searches in January and that about 8 million private sector jobs have been lost since President Obama took office: “The fact is that President Obama's misguided economic policies have failed to create jobs. Since President Obama took office, the country has lost 8 million jobs, the worst record since President Hoover. And today we learned that in January nearly half a million people gave up looking for a job. -- “It is time for President Obama and the Democrats to get to work for all Americans, not just the elite few.” My God. Pelosi has a brain! Just kidding. That is almost word for word what she said about Bush back in mid 2003, except that the numbers are much, much, much worse thanks to the Skittle-Shitting Unicorn. See here, and tinyurl can go mount a demonsheep: http://www.house.gov/pelosi/press/releases/Aug03/prWherearetheJobs080103.html

176 174 How the hell does the unemployment rate go down when the number of unemployed increases?

Magic...

177 Hit by man in black
I jaywalk four blocks away
Top that, Obama

178 UPDATE2: 136 MM jobs available down to 129 MM? Let's see the revisions.

If you do the math, that'd be 10.9% funemployment if the jobs available number had been held steady.

179 As a small business owner (well, my husband ...) - we aren't hiring because we hanging on my our fricken teeth. We took half a paycheck this month (while our employees got a full one) ... Someone remind me how capitalists are horrible folk who get rich off the backs of their workers? 'Cause I think my husband is doing it wrong.

180

just crossing the street
black SUV clips my ass
fucking busted knee

VARIATIONS ON A THEME:

I just crossed the street

Ass torn off by SUV

Broken knee, I'm fucked

181

More O/T news:

 

Re sidebar story about the woman convicted of animal cruelty for selling pierced kittehs on intertubes:

 

Defense attorneys argued that parents allow children to get pierced ears at young ages, and it would be wrong to hold cat owners to a higher standard.

 

That says it all.  Some juries are just teh stupid and that doesnÂ’t count the DA who should be prosecuted as well.

 

The top 100 AOS Moron cities

 

Hey Ace, here is a list for the cities to hold the nationwide get-together in.

 

But not to worry, it is just another hit piece by the asshole who want to bring back prohibition.  From the article:

 

We looked at annual death rates due to alcoholic liver disease, as well as who's headed there by regularly downing five or more drinks in a sitting (CDC). Next, we factored in drunk-driving arrests (FBI) and the percentage of fatal accidents involving intoxicated motorists (U.S. Department of Transportation). Then, after tallying the MADD report card of state efforts to cut down on excessive drinking, we had our ranking and, for the state of Colorado, an invitation to AA.

 

In other words, it is manufactured BS.

182 When are the Republicans going to challenge Obama on the methodology of how they came up with these false numbers, and ask to see all notes...Ha ha. Zero chance of that happening. Obama and gang will quickly have selective hearing when that is said,

183 Fresh Air @169 Thank you for scaring the crap out of me. WASF.

184 kansas: "How the hell does the unemployment rate go down when the number of unemployed increases?"

Shut up. That's why.

185 Can't watch Obama anymore? Me neither. I mean, what's the point? There's no correlation in what he says to what he does.

Posted by: AnonymousDrivel at February 05, 2010 12:48 PM (swuwV)

Worse than that, its like listening to someone totally detached from reality, someone quiet literally psychotic. He says the Economy is improving, it isn't. He says it isn't that bad, fucking hell its almost the '30s! He blames Bush for spending bills he signed as a Senator and expands that spending to megalithic proportions as POTUS. He doesn't lie, in order to lie you must know what the truth is. He doesn't know what the objective truth is because he is fucking delusional!

Hitler in the Bunker is an apt description.

186 We keep losing jobs
unemployment rate keeps dropping.
Just like Red China.

With a little more effort, you could've haiku'd that, CC.  You're welcome.

187

Stroll for bread and milk

Bam! State Department FUBAR

Victim blame game

188 Treacher hit by car, Police acted stupidly Beer with OBAMA!

189

Not jogging at all.

Not jaywalking, not our Jim.

Gov. pandas will lie.

190

Unemployment drops.

The stock market drops.

WTF?

(I know, it was a sorry-ass attempt at haiku)

191 Worse than that, its like listening to someone totally detached from reality, someone quiet literally psychotic. Read the ten or so symptoms of Narcissistic Personality Disorder from the DSM, easily found on the web. It reads like a sharp character sketch of Barry Soetero.

192 Lying on gurney
I attacked that SUV
Please don't taze me, bro.

193

174 How the hell does the unemployment rate go down when the number of unemployed increases?

Well, if you were to decrease the supply of people outstripped the number of jobs lost, you could have an overall loss of jobs with a rise in employment.  Given that's what suggested by these numbers, I guess I'll beat Andi to the scoop now:  OMFG, THE OBAMA ADMINISTRATION IS MURDERING MILLIONS OF THE UNEMPLOYED TO KEEP UNEMPLOYMENT LOW!!1!!eleventy!!

194 195 Lying on gurney
I attacked that SUV
Please don't taze me, bro.

Posted by: Peaches at February 05, 2010 12:58 PM (9Wv2j)

+100

195 Recovering Trech, truth, hope in tatters awaits Spring Awakening

196

Using the same parameters as these phony numbers, Mexico has a lower unemployment rate than we do, since their 50% of unemployed workers have also given up and are presently scavenging garbage dumps.

197 191 Treacher hit by car,
Police acted stupidly
Beer with OBAMA!

Posted by: carin at February 05, 2010 12:56 PM (UsRyD)

DING! DING! DING! DING! DING!

THAT HAIKU IS THE BEST ONE

COMPETITION CRUSHED!

198 The ticket says
"Jaywalking four blocks away" -
Magic SUV.

199 Read the ten or so symptoms of Narcissistic Personality Disorder from the DSM, easily found on the web. It reads like a sharp character sketch of Barry Soetero.

Posted by: George Orwell at February 05, 2010 12:57 PM (AZGON)

Fits him to a T. His history of being abandoned by both parents should disqualify him IMO.

200 I don't think this story is complete, I don't think there's anything this administration is doing that's positive (hell they only started talking about job recovery a couple of weeks ago), if this is just some indication that the problem is bottoming I'll be happy that's the case.

I don't think anything this administration says is honest whatsoever, so there's precious little the boy who cried wolf and his administration can say that will make me believe anything they have to say.

/Yeah, I know - "boy" is raaaaacist.  Consider me duly chastised.

201 THAT HAIKU IS THE BEST ONE COMPETITION CRUSHED! Well dang. I peaked too early. Now what am I going to do with the rest of the afternoon?

202 I gave them my tree ring data and also a shitstain from my teenage boyfriend's pink underpants.

203

This post saved or created thirty seven jobs

I have to call BS on that claim.  This post did not destroy hundreds, if not thousands of jobs. 

Get with the program DiT.

 

204

Hopefully, Treacher

Gets Buttercrotch Puddin' Cups

To assuage his pain.

205 Premature haiku
peaking a problem for you?
Take medication.

206

Hope Treacher's doctor

Prescribes hot nurse dip his balls

At least Thrice a day.

 

207 With Obamacare:
State SUV broke your knee?
Dip it in pudding!

208

Cameras show this:

WWF sign on bumper.

Don't mess with pandas.

209

Treacher got hit hard

By The Bamster's hope and change

Now he's much in pain.

210

Evil SUV

Killing Gaia, Hurting Treach.

SUV's must die!

211 Even though it was bullshit, at least Bill Clinton could make it look real when he said, "I feel your pain."

"I feel your pain" becomes "Have you seen the price of arugala?"

212 Heh!  Rush just said "Camelot is crumbling, and there is only one surviving Kennedy brother, and that's Barak Obama"!

213 And 2 + 2 = 5!

Posted by: O'Brien at February 05, 2010 12:11 PM (kheDT)

Only for very large values of 4.

 

SS hits Treach

No noise, didn't get skittles

What, no unicorn?

214 George O-- The only question is whether Zero has NPD, i.e. a sociopath, or if he is more of a seriously disturbed psychopath. I'm leaning towards the former, but am open to the latter. I just think he's a person of roughly average intelligence who was brainwashed at an early age by his parents, grandparents and Frank Marshall Davis. His idiot wife and idiot pastor reinforced the hatred and Weapons-Grade Ignorance.

215 Can't watch Obama anymore? Me neither.

He's losing it.  During that "Corpse-Man" speech, he's slurring and his once very good timing is way off.

216 84

From CNBC:

While a sharp increase in the number of people giving up looking for work helped to depress the jobless rate, some details of the employment report were encouraging. The number of "discouraged job seekers" rose to 1.1 million in January from 734,000 a year ago.

WTF is encouraging about the number of people who have given up looking for work rising by over a quarter-million?

Posted by: Tinian at February 05, 2010 11:58 AM (7+pP9)

If the dumb lying twats on CNBC could still be pushing pets.com to their idiot viewers, believe me - they would.

217

Coming in at the tail end of this, but just to elaborate:

Yeah, the U3 number is bullcrap.  Total Employed and Labor Participation rates all dropped, and as Denninger points out, the latter ultimately determines if the government will even be able to pay its bills.

http://tinyurl.com/yfg693n

Others have mentioned the 18% U6 and 10.6% "actual" U3, which zerohedge explains is the result when the fuzzy Seasonally Adjusted rates are removed from the equation:

http://tinyurl.com/yhy52mp

Bottom line is we are still hosed, especially after the debt limit was raised to 100% of GDP.  We have to add roughly 250K jobs a month for the next five years just to get back to where we were in 2007.  That's never happened in the country's entire history, and there is NO industry right now that can support such growth the way the dot.com and housing bubbles did the last 15 years.  Even the so-called "green jobs" are outsourcing their manufacturing to China.

This is not going to end well at all.  The only reason there haven't been riots is because welfare's allowing out leaders to extend and pretend--but even the Romans couldn't provide bread and circuses forever. 

218 These ObamaClowns need to learn to think big like their boss.  Unemployment is probably closer to oooohhhh how about 6.66%.   

219

>>171 I just made a visit to the bathroom.  While I was in there, I didn't save any jobs, but I did create a statue of Barack Obama.>>

Me too. My statue made more sense than Bumma's recent economic speech. It said nothing. Which says something.

220 discount watches bikini swimwear

221

Thanx you very much very good post.

I don't think this story is complete, I don't think there's anything this administration is doing that's positive (hell they only started talking about job recovery a couple of weeks ago), if this is just some indication that the problem is bottoming I'll be happy that's the case