January 21, 2010

Unemployment spikes
— Purple Avenger

More good news for democrats.

Stock futures fell after a new report showed jobless claims rose unexpectedly last week, reminding investors a recovery is going to be slow and bumpy.

The Labor Department said workers filing for unemployment benefits for the first time rose by 36,000 to 482,000. Economists were expecting a small decline.

With the administration claiming full responsibility for the "recovery", and Slow Joe claiming the Spendulus exceeded all expectations, they own this now. In total. Lock, stock, and barrel. Full up. All in.

Posted by: Purple Avenger at 05:20 AM | Comments (173)
Post contains 89 words, total size 1 kb.

1 Rose unexpectedly? They say that EVERY FRICKING TIME.

Posted by: TC at January 21, 2010 05:22 AM (DYJjQ)

2

hahahahaha

How long have they been saying we are in recovery?

Posted by: Vic at January 21, 2010 05:23 AM (QrA9E)

3 Look! It "unexpectedly" rose again! Funny how that always surprises them.

Posted by: Alex at January 21, 2010 05:23 AM (wFWt7)

4 Well, 52%, howdat change workin' for ya?

Posted by: maddogg at January 21, 2010 05:24 AM (OlN4e)

5 look ah uh I am working on the other people getting unemployed as fast as I ah can, as I have always said you don't know what you got until you lose it....and ah I uh plan on helping people ah learn that lesson by taking it all.

Posted by: Barack T. Ogabe esq. at January 21, 2010 05:24 AM (Mhn4l)

6 A good solid B+.

Posted by: theadmiral at January 21, 2010 05:24 AM (KnnJT)

7 More unexpected unemployment. Does that count as real unemployment? Oh well, it's still all Bush's fault. Isn't it?

Posted by: TheQuietman at January 21, 2010 05:24 AM (1Jaio)

8 Rose unexpectedly? They say that EVERY FRICKING TIME.

They're the only ones who aren't expecting it.

Posted by: Farmer Joe at January 21, 2010 05:24 AM (z4es9)

9 And people's bill's unexpectedly keep arriving each month.

Posted by: eman at January 21, 2010 05:25 AM (sqNBZ)

10 Funny how every month unemployment goes up and every month it's a surprise to the half wit economists.

Posted by: maddogg at January 21, 2010 05:25 AM (OlN4e)

11 A bright yellow object appeared unexpectedly in the sky Thursday morning, confounding experts who postulated that the strange object would not return after it disappeared into the darkness on Wednesday evening.

Posted by: The Associated Press at January 21, 2010 05:26 AM (TpXEI)

12 Didn't they change the way they figure this out?   I forget what they said but I think the people who run out of benefits and just give up looking for a job aren't in the equation somehow.

Posted by: curious at January 21, 2010 05:26 AM (p302b)

13
Some 'experts' are 'expecting' 4-5% GPD in 4thQ.

first estimates come out, I think, on the 29th, two days after SOTUBSF

*state of the union bullshit fest

Posted by: This is boner at January 21, 2010 05:27 AM (ouySy)

14 THIS IS FUCKING BUSHES FAULT!!!!!!!!@#!@#!@#!

Posted by: Libtard at January 21, 2010 05:27 AM (ngD76)

15 Didn't the Christmas season turn out to be a bust? If so, a lot of companies are short some cash.

Posted by: eman at January 21, 2010 05:27 AM (sqNBZ)

16

Jan. 21 (Bloomberg) -- President Barack Obama will offer proposals to limit financial institutionsÂ’ size and trading activities as a way to reduce risk-taking, an administration official said.

I thought he didn't want to run Wall Street?

Obama is renewing his focus on economic issues, tapping into voter anger about the struggling economy, taxpayer bailouts and growing bank profits at a time of 10 percent unemployment and a federal deficit that rose to $1.4 trillion last year.

Looks like Barry is breaking out the pitchforks again

Posted by: TheQuietman at January 21, 2010 05:27 AM (1Jaio)

17 Sad to hear this, but they got what they wanted in terms of the stimulus, so you're right, it's theirs.

Posted by: RM at January 21, 2010 05:28 AM (1kwr2)

18 Lloyd Blankfein, you magnificent bastard!!

Posted by: Satan at January 21, 2010 05:28 AM (C39a6)

19 Unexpectedly again? This Obama guy is just full of surprises.
They are correct to use unexpected so much though.
With Obama & the Dems in office you really don't have many expectations.

Posted by: Rocks at January 21, 2010 05:28 AM (OOgDc)

20 eman, I think it 'wasn't up to expectation".   some companies did very well though.   You can tell how the christmas season went by looking at all the suddenly empty store fronts and places in the mall that are "available".

Posted by: curious at January 21, 2010 05:28 AM (p302b)

21 Welcome to the proletariat paradise envisioned by Comrade Zero and his merry band of egg head academics.

Posted by: maddogg at January 21, 2010 05:29 AM (OlN4e)

22
The 4thQ will be positive, and that will cause Obama to come out and tell us again how he saved the economy from the brink.

And it will also silence the Republicans on talking about this awful recession we're in. But it will all come crashing down in April. The 1Q GDP and unemployment data are going to be killers.

Posted by: This is boner at January 21, 2010 05:29 AM (ouySy)

23 The whole ball of wax

Posted by: jcjimi at January 21, 2010 05:30 AM (XSikc)

24 Unexpected, and Unprecedented!!!111eleventy!

Posted by: billhedrick at January 21, 2010 05:30 AM (gTZyc)

25 The voters are angry cause they are spending all this money with no results.  the voters aren't angry at WS per se.   They just want them to stop spending money with no results.

Posted by: curious at January 21, 2010 05:30 AM (p302b)

26 Let's all sell bacon to each other and get rich!

Posted by: eman at January 21, 2010 05:30 AM (sqNBZ)

27

Yep, unemployment up again even as we try to hide it.

So what do we need to do???

let's go after the banks some more. That's always good for a few votes from the Ghetto and the uninformed.

Posted by: Vic at January 21, 2010 05:30 AM (QrA9E)

28

Oh, and while were on the subject of the wonderfulness of all of the wonderful things that make people feel all wonderful about the wonderful competence of the current administration, I thought a walk down memory lane would be appropriate.  Fortunately, the ObamaBiden YouTube channel is still stocked to the brim with campaign ad fodder that really should be exploited.  I defy anyone to find a single promise in this garden of plenty, that Barry has kept.  Or, or a play on words;

There are lies, damned lies and Â… 

 

Â… well there are just pretty much damned lies.

 

Posted by: Hussein the Plumber at January 21, 2010 05:30 AM (RkRxq)

29 In Soviet USA, President dips his balls in you!!!!!

Posted by: Soviet Obama at January 21, 2010 05:31 AM (C39a6)

30 Solid B+.

Posted by: Skier at January 21, 2010 05:31 AM (oCzsG)

31 I have bred a new rose hybrid in honor of Obama.
It's half black and bows (more like a decline), it's called the Unexpectedly.

Posted by: James Underwood Crockett at January 21, 2010 05:32 AM (OOgDc)

32 Donks will NEVER learn that when they take ALL the capital for Big Brother to redistribute that there is NO capital left to run businesses, both small & large.

But then we all know the disposition of a Donk - stubborn and not about to change; despite the protestations of ''That One''®

Posted by: TennDon at January 21, 2010 05:32 AM (o6Yv2)

33 And, while you were looking over there Barney was saying how they need to change the senate rules.  Pay no attention that his assertion comes on the heels of them losing their super majority.

Posted by: curious at January 21, 2010 05:33 AM (p302b)

34 You people are such party poopers.  Remember, this is actually good news.

More FUNemployment!

Posted by: Phil at January 21, 2010 05:33 AM (tOzKE)

35 some companies did very well though

Thrift stores, Big Lots, Dollar Tree.

I think we're heading into the second dip right now.  There's no way to hide all the alt-A resets and foreclosures flooding into the system anymore.  Even the Federal Reserve buying up a $1T+ of toxic shit wasn't enough to hold back those rising flood waters.

Posted by: Purple Avenger at January 21, 2010 05:34 AM (y+Brm)

36 I'd like to see unemployment rise at the GM plants, and also in the Frank, Pelosi, Reid, and Boxer households.

Posted by: maddogg at January 21, 2010 05:35 AM (OlN4e)

37 No wonder the voters are grouchy.  when you hear that the new grads can't get jobs at starbucks cause laid off attorneys have them, you know things are tough.

Posted by: curious at January 21, 2010 05:35 AM (p302b)

38

Campaigns on worst economy since the depression - gets elected, then claims "the economy was much worse than we anticipated."

If was pass the stimulus, we keep unemployment under 8 - goes to 10.

-------------------------------------

...claims we're in recovery in June 2009, says there's light at the end of the tunnel

...when good economic comes out, Obama brags how he pulled the economy from the brink.

...when bad economic news comes out, Obama trots out the line: It will take more than a few months to fix the mess that took eight years to create.

Posted by: This is boner at January 21, 2010 05:35 AM (ouySy)

39

Jan. 21 (Bloomberg) -- Expansion in EuropeÂ’s service and manufacturing industries unexpectedly slowed in January, adding to signs the pace of the economyÂ’s recovery may weaken.

It's unprecedented how much unexpected economic news there is.

Posted by: TheQuietman at January 21, 2010 05:35 AM (1Jaio)

40 They think economic recovery is just alchemy, that they can keep sending us down the big government road with no consequences.

Posted by: the real joe at January 21, 2010 05:35 AM (WjerO)

41 Seriously, is there any economic news that is expected?  Like, ever?

Posted by: alexthechick at January 21, 2010 05:35 AM (8WZWv)

42 Posted by: Purple Avenger at January 21, 2010 09:34 AM (y+Brm)

Speaking to that, Batchelor was talking to John Fundt of WSJ about the "new guy at the FHA" and what he is facing.  John kept asking if the FHA is where all the new alt A and subprime loans are now.

Posted by: curious at January 21, 2010 05:36 AM (p302b)

43 In USA you don't get recovery, recovery gets you!

Posted by: Purple Avenger at January 21, 2010 05:36 AM (y+Brm)

44 Racism.

Posted by: Good Lt. at January 21, 2010 05:37 AM (jH17H)

45 We are so lucky to have him.

Posted by: Painful Stool at January 21, 2010 05:37 AM (MMC8r)

46

I watched a show about a week ago where a chamber of commerce guy was talking about small and medium size buisinesses.

His opinion was that the real killer right now was the pure uncertainty that was flooding the streets.

Every day Obama and his commie minions are talking about some new project to redistribuite the wealth and/or nationilze some other part of the buisiness cycle with healthcare being the one big one then.

His point was nobody wanted to invest or to hire people when that kind of threat is hanging over their heads.

Based on that I predict that there will be no meaningful recovery, and certainly no rehiring, until after the 2010 elections.  And then it is only contingent on the Repubs taking back the House.

If that does not occur we will be in for a long and painful decline even further.

Posted by: Vic at January 21, 2010 05:38 AM (QrA9E)

47

43 It's unprecedented how much unexpected economic news there is.

That's the nice thing about that word - unprecedented - you can just use it over and over.

Posted by: Hussein the Plumber at January 21, 2010 05:38 AM (RkRxq)

48 Heads up Sarah Palin Fans
Beck says she will be his guest today on his radio show on now at this link.

Posted by: curious at January 21, 2010 05:39 AM (p302b)

49
I wonder if the SOTU timing has anything to do with the release of GDP estimates?


Posted by: This is boner at January 21, 2010 05:39 AM (ouySy)

50 US Steel down $.80 in premarket trading...sweet! (I'm short X right now)

Posted by: Purple Avenger at January 21, 2010 05:40 AM (y+Brm)

51
oh, and why isn't the lefty moonbat sinestrosphere celebrating the closing of Gitmo, yesterday?

Posted by: This is boner at January 21, 2010 05:40 AM (ouySy)

52

Not only has John Edwards admtted (Surprise!  Surprise!) that's he's Rielle Hunter's baby daddy, but that baby has the same boutique ambiguous name (Quinn) as the cheerleader from Glee. **BARF**

Posted by: logprof at January 21, 2010 05:41 AM (gJL6J)

53 I certainly expect you to stay for awhile.

Posted by: Hell in a handbasket at January 21, 2010 05:41 AM (C39a6)

54 Beck said it was 1am when he read that SP was stumping for John McCain and he sent her an email saying "what the heck are you doing?"

Posted by: curious at January 21, 2010 05:41 AM (p302b)

55
Palin is guest hosting a radio show?

See? I told you she wasn't running for president; she's looking to make some big $$ in radio and/or television.

Posted by: This is boner at January 21, 2010 05:42 AM (ouySy)

56 Stop whining. Wall Street sez this is the greatest economy in the history of ever.

Posted by: Gordon Gekko at January 21, 2010 05:43 AM (Pq3ay)

57 55 US Steel down $.80 in premarket trading...sweet! (I'm short X right now)

Posted by: Purple Avenger at January 21, 2010 09:40 AM (y+Brm)

My wife bought Berkshire-Hathaway day before yesterday. It's gonna split 50-1.

Posted by: maddogg at January 21, 2010 05:43 AM (OlN4e)

58 Goldman Sachs posts a 13.4 billion dollar profit for FY2009Q4.  The media reports this is due to GS restraining compensation.  They leave out that little tiny magnificent option of borrowing unlimited amounts from the overnight Fed window at the NY Fed.

Change™

Posted by: WTFCI at January 21, 2010 05:43 AM (GtYrq)

59

You know?  With all of this unexpected shit, you would think I would be surprised.

I'm not. 

Curious.

Posted by: Hussein the Plumber at January 21, 2010 05:43 AM (RkRxq)

60

Mallamutt

I saw over at HA the other day, where Painful Stool was blaming the morons here for "driving him to liberalism", crying in his milk that he was some kind of independant before he came here and got kicked out.

Posted by: mrfixit at January 21, 2010 05:44 AM (Bsm1s)

61 Well beck is having her on his show at 11.

He is very funny though discussing what "they" are still saying about his Palin interview.   He said "they" said he practically french kissed her in the interview and then the next week they said she was trying to take his fox time spot.  He also alluded to the fact that several people have said that he wants to take o'really's spot and that is why they are on tour together and business partners since you keep your friends close but your enemies closer.  That whole segment was very very funny.

Posted by: curious at January 21, 2010 05:45 AM (p302b)

62
In a couple of months we'll learn from the 'experts' that Iran 'unexpectedly' built its first nuke.

Posted by: This is boner at January 21, 2010 05:45 AM (ouySy)

63 Meanwhile, California is still fixated on making laws respecting the institution of sticking cocks where shit flows. Having fun Gabe????? (TROLLBUSTER ADDENDUM: You don't have to respect Gabe's lifestyle choices, but you need to respect the man, OK? I'm not going to delete this because you just said it once, but I hope you don't force me to go to the next level. - Russ from Winterset)

Posted by: Hell in a handbasket at January 21, 2010 05:45 AM (C39a6)

64
Obama and all democrats are saying Scott Brown's "change" is the same as their "change".

yeah - keep lying, Democrats..

The Democrats brand needs to fall off the rials and over the cliff.
Democrat "change" IS  CORRUPTION.

Posted by: pre paid sex monster at January 21, 2010 05:46 AM (0fzsA)

65
taxes will 'unexpectedly' hit us soon

and then inflation will 'unexpectedly' be hindering our 'recovery.'

Posted by: This is boner at January 21, 2010 05:46 AM (ouySy)

66

I watched a show about a week ago where a chamber of commerce guy was talking about small and medium size buisinesses.

His opinion was that the real killer right now was the pure uncertainty that was flooding the streets.

Every day Obama and his commie minions are talking about some new project to redistribuite the wealth and/or nationilze some other part of the buisiness cycle with healthcare being the one big one then.

His point was nobody wanted to invest or to hire people when that kind of threat is hanging over their heads.

Based on that I predict that there will be no meaningful recovery, and certainly no rehiring, until after the 2010 elections.  And then it is only contingent on the Repubs taking back the House.

If that does not occur we will be in for a long and painful decline even further.

Posted by: Vic at January 21, 2010 09:38 AM (QrA9E)

Yep, this administration is an uncertainty machine.  I don't think they even know what the fuck they're gonna do tomorrow. 

100 billion dollar tax on banks?  Nuke the moon?  They'll figure it out later.

Posted by: Phil at January 21, 2010 05:46 AM (tOzKE)

67 My wife bought Berkshire-Hathaway day before yesterday. It's gonna split 50-1.

Yea, I read about that.  That's the "B" shares though.  I suspect this will introduce a lot more volatility in that stock as smaller players and day traders start whipsawing it.

Posted by: Purple Avenger at January 21, 2010 05:46 AM (y+Brm)

68 So you're telling me there is no money left in Obama's stash to pay for my mortgage and my gas bill? The hell you say!

Posted by: Peggy Joseph at January 21, 2010 05:47 AM (SqAkN)

69

I saw over at HA the other day, where Painful Stool was blaming the morons here for "driving him to liberalism", crying in his milk that he was some kind of independant before he came here and got kicked out.

He wasn't kicked out, we ran his silly lightweight ass out on a rough hewn rail.

Posted by: maddogg at January 21, 2010 05:47 AM (OlN4e)

70

74

I know, I was here, lurking as usual. it was awesome

Posted by: mrfixit at January 21, 2010 05:48 AM (Bsm1s)

71 James Pethokoukis is tweeting that top Dem money men are demanding Obama fire his economic team.

http://is.gd/6JVdh

This must be Romer, Summers, and Geithner, no?

Posted by: WTFCI at January 21, 2010 05:48 AM (GtYrq)

72 ames Pethokoukis is so so hawt.  (that is all)

Posted by: curious at January 21, 2010 05:50 AM (p302b)

73 OK, so small business accounts for 80% of all new job growth.
70% of small businesses have no plans to add employees in 2010 (mine included)
Even liberal economists are starting to admit that unemployment is likely to remain over 9% in 2012. The only people surprised by the bad economic numbers are on tv.

Posted by: bigDon at January 21, 2010 05:50 AM (o0tC+)

74 Idiots don't realize you can't tax a bank, all you can do it raise costs for its customers.

Posted by: Purple Avenger at January 21, 2010 05:50 AM (y+Brm)

75 This must be Romer, Summers, and Geithner, no?

Larry, Moe, Curly.

Posted by: Purple Avenger at January 21, 2010 05:51 AM (y+Brm)

76 that is thier true goal, PA

Posted by: mrfixit at January 21, 2010 05:51 AM (Bsm1s)

77 The amount of people being thrown under that bus lately has grown exponentially.  If only they could reduce our debt with such fervor.

Posted by: curious at January 21, 2010 05:52 AM (p302b)

78 Great EXPECTATIONS.  The media thinks we are stupid.  We are not stupid, at worst, we are busy trying to pay bills.

Rick Lazio, in NY.  Does he have a Gov. chance?  I've written to his Web site twice, wanting to work for his campaign.  No response.  I am going to tweet this, as a complaint, and see if he responds...I've heard it works for ATT and Delta.

Posted by: ParisParamus at January 21, 2010 05:53 AM (s2TC6)

79

79 Idiots don't realize you can't tax a bank, all you can do it raise costs for its customers.

Yeah, but only those making $250,000+ right? Right?

Posted by: maddogg at January 21, 2010 05:54 AM (OlN4e)

80 In USA you don't reduce debt, debt reduces you.

Posted by: Purple Avenger at January 21, 2010 05:54 AM (y+Brm)

81 Dude the thread where p-stoole mentioned Captain America was hilarious. I just remember sockpuppetting every superhero I knew for the entire rest of the day and laughing at him.

Posted by: Mr. Pink at January 21, 2010 05:54 AM (SqAkN)

82
don't forget that ancient relic, Volker

Posted by: This is boner at January 21, 2010 05:55 AM (ouySy)

83 84 In USA you don't reduce debt, debt reduces you.

Posted by: Purple Avenger at January 21, 2010 09:54 AM (y+Brm)

It traps you into having no upward mobility.

Posted by: curious at January 21, 2010 05:56 AM (p302b)

84 "a recovery is going to be slow and was just a small bumpy"

Fixed it.

Posted by: CM at January 21, 2010 05:57 AM (70pqs)

85 Like I've been saying...the GOP campaign writes itself.

Posted by: frode at January 21, 2010 05:58 AM (TdgA9)

86 I thought palin steele was banned for using the n-word.

Posted by: 52% at January 21, 2010 05:58 AM (gJL6J)

87 Idiots don't realize you can't tax a bank, all you can do it raise costs for its customers.

Okay, I know I'm a lowly Moron, but I can't get a straight answer on this question- is this tax going to end up hitting the banks that didn't partake in TARP or cause this mess?  I ask because I use a small local bank specifically because said bank doesn't get involved in all the exotic leveraged stuff (stuff being a term of art).  In fact, when all this went down, my bank was rated in the top 5% of safest banks in the country.  From what I can see, the response to my bank being rational and cautious is no lube no reach around.  After all, my bank still has money and we can't be having that. 

Why, yes, I'm a wee bit peeved about this potential, can you tell?

Posted by: alexthechick at January 21, 2010 05:58 AM (8WZWv)

88 There don't seem to be any Republicans stepping up to the plate in NY, despite that November may be a colossal rout for the Democrats nationwide.

Posted by: the real joe at January 21, 2010 05:59 AM (WjerO)

89

91 I thought palin steele was banned for using the n-word.

Stool didn't hate black people. It was Jews and Indians (dot) he had a hard on for.

Posted by: maddogg at January 21, 2010 06:00 AM (OlN4e)

90

Rose unexpectedly.

 

I expected them to say that.

Posted by: Unemloyed peon at January 21, 2010 06:00 AM (DYJjQ)

91 "93 There don't seem to be any Republicans stepping up to the plate in NY, despite that November may be a colossal rout for the Democrats nationwide.

Posted by: the real joe at January 21, 2010 09:59 AM (WjerO)"

What about Peter King?

Posted by: curious at January 21, 2010 06:00 AM (p302b)

92 Maybe my stupid is on parade here, but what time period does workers filing for unemployment benefits for the first time rose by 36,000 to 482,000 cover? All I know is that my son has been out of work for over a year.

Posted by: St. Agnostica at January 21, 2010 06:02 AM (gbCNS)

93 "Idiots don't realize you can't tax a bank, all you can do it raise costs for its customers. It's not a tax according to the class warriors. It's a fee. I fail to see the difference.

Posted by: The Outlaw in the Heavenly Hall at January 21, 2010 06:02 AM (IJo6J)

94 I don't know anything about that cocaine....uh, economy...officer!  It was there when I got here!  Well, yes, I did cut it up and put it in lines and then snort a few lines, but it's not mine!

Posted by: Barack Obama at January 21, 2010 06:03 AM (VmtE9)

95 right, the senate passed a healthscare with who knows how much mandatory coverage or fines in it for small employers on Dec 24th and they are Shocked at the number of jobs being shed as the holiday and after holiday sales season winds up. But hey keep that marxist peddle to the meddle boys, it would so Historical if the country shifts enough congressional seats from D to R to impeach Barry O.

Posted by: paleRider at January 21, 2010 06:03 AM (/yC9R)

96

Okay, I know I'm a lowly Moron, but I can't get a straight answer on this question- is this tax going to end up hitting the banks that didn't partake in TARP or cause this mess? 

In his initial comments on the "fees" yes it would. His latest though is a whole new swatch of regulations.

All that being said, the way congress is crafting these bills you will never know until just before they vote on it, if then.

Posted by: Vic at January 21, 2010 06:03 AM (QrA9E)

97 they own this now. In total. Lock, stock, and barrel. Full up. All in. Balls deep.

Posted by: Johnny I at January 21, 2010 06:04 AM (JQNiP)

98 Goldman Sachs posts a 13.4 billion dollar profit for FY2009Q4.  The media reports this is due to GS restraining compensation.  They leave out that little tiny magnificent option of borrowing unlimited amounts from the overnight Fed window at the NY Fed.

Change™

Posted by: WTFCI at January 21, 2010 09:43 AM (GtYrq)

But now Barry has to go after the big evil banks for making money and ruining the economy along with George Bush

Posted by: TheQuietman at January 21, 2010 06:06 AM (1Jaio)

99 There don't seem to be any Republicans stepping up to the plate in NY

There's rumors Pataki might take a shot at the Gillibrand seat.  Recent polling by Sienna shows he would have a good chance.  Pataki is pretty squishy as R's go, but he'd still be an upgrade.

Posted by: Purple Avenger at January 21, 2010 06:07 AM (y+Brm)

100 Misery index up 5.09 in one year. Carter has got nothing on this guy

Posted by: Son of Liberty at January 21, 2010 06:07 AM (gtZwa)

101 If they wanted to reduce unemployment would not a lower Federal Minimum Wage be the fastest way?

Posted by: Jean at January 21, 2010 06:10 AM (5ddCw)

102

In his initial comments on the "fees" yes it would. His latest though is a whole new swatch of regulations.

All that being said, the way congress is crafting these bills you will never know until just before they vote on it, if then.

That's what I thought - I'm assuming that even if the first set of laws/regs doesn't have it, it'll eventually get extended to the entire banking industry.  

stompystompystompy


Posted by: alexthechick at January 21, 2010 06:10 AM (8WZWv)

103 Unexpected.  You keep using that word.  I do not think it means what you think it means.

Posted by: Scott at January 21, 2010 06:11 AM (s0Yl6)

104 Nix my question, since I figured out the super smart thing was to follow the link.

Posted by: St. Agnostica at January 21, 2010 06:11 AM (gbCNS)

105 vic, rumor has it that no matter what the regulation they will get around it.

Posted by: curious at January 21, 2010 06:12 AM (p302b)

106 If George Bush died, whose fault would it be?

Posted by: Corona at January 21, 2010 06:14 AM (woZIc)

107 The callers to Beck this morning want to talk about the economy and banking.  Beck is asking "where did the money go?"

Posted by: curious at January 21, 2010 06:14 AM (p302b)

108 These numbers are being artificially manipulated by Dick Cheney and Karl Rove
from a secret Shadow Government crypt. Republicans are evil.
Once the Democratic Party turns fully to the left, you bastards are toast!

Posted by: Howard Dean at January 21, 2010 06:14 AM (lD4DZ)

109 All of this is a feature of our plans, not a bug.  But we have to spin it as "unexpected" to keep pulling the wool over the eyes of our complete idiots voters.

Posted by: George Soros at January 21, 2010 06:14 AM (CoKwa)

110 How is Obama ever going to schedule his SOTU address if he doesn't have anything good to talk about?

Posted by: carin at January 21, 2010 06:15 AM (vOZi9)

111 Soros = Palpatine
Obama = Vader

Posted by: Dude what sees everything in Star Wars light at January 21, 2010 06:17 AM (lD4DZ)

112 Taxing a Bank is like taxing an oil company - they make a profit off of the process so the tax is directly passed to the customer. I just hope the banks delineate the tax in their pricing/statements like the energy and phone companies do. Give the people something to hate.

Posted by: Jean at January 21, 2010 06:17 AM (5ddCw)

113 Someone on MSNBC said yesterday that he is adding some criticism to the state of the union, criticism of Bush and Cheney.

Posted by: curious at January 21, 2010 06:18 AM (p302b)

114 Well, 52%, howdat change workin' for ya?

Posted by: maddogg at January 21, 2010 09:24 AM (OlN4e)

Bush + Rep Congress Unemployment: 4.5%

Obama + Dem Congress Unemployment: 22% or so

You can't say that isn't change.

Posted by: 18-1 at January 21, 2010 06:18 AM (7BU4a)

115 some guy on one of the programs said yesterday that he believes the tax rate is way above 70% with all the hidden little taxes that no one notices.

Posted by: curious at January 21, 2010 06:19 AM (p302b)

116

How is Obama ever going to schedule his SOTU address if he doesn't have anything good to talk about?

Surely you know the answer to that!

He'll just lie like he always does.

Posted by: Vic at January 21, 2010 06:19 AM (QrA9E)

117

I watched a show about a week ago where a chamber of commerce guy was talking about small and medium size buisinesses.

His opinion was that the real killer right now was the pure uncertainty that was flooding the streets.

Every day Obama and his commie minions are talking about some new project to redistribuite the wealth and/or nationilze some other part of the buisiness cycle with healthcare being the one big one then.

His point was nobody wanted to invest or to hire people when that kind of threat is hanging over their heads.

This is absolutely true.  I work for a small business, and our customers are small businesses.  Our customer base is national.  Our customers are practically paralyzed right now.  It's not due to lack of cash or sales, most are actually doing OK financially.  They just refuse to commit resources to growth when they have no idea what the government might hit them with next.

Posted by: FB at January 21, 2010 06:19 AM (sjnzG)

118 Here is teh one's new bus!!!!! http://tinyurl.com/yhqmuzc

Posted by: Tipsy McStagger, somewhere down in Texas at January 21, 2010 06:20 AM (9oNaP)

119 NY governorship is sort of a poison chalice.  Shelly Silver pretty much decides the budget, the state has crazy-ass entitlement problems, and all the non-WS business is successfully being driven off.

Basically, it would take a Giuliani to fix any of this shit.  Pataki did some things in his first term, but by the end he was *helping* things metastasize (buying SEIU's endorsement with Medicaid freebees, etc.).  For all his "tough" image, Spitzer was the same old Democratic shit -- even Patterson is more realistic on the budget.

NY Senate is another story, of course.  Too bad Rudy passed on running, but it seems to be Pataki's if he wants it.

Lazio still has the loser stench on him from blowing the Hillary contest.  He's not going to win anything statewide.

Posted by: someone at January 21, 2010 06:21 AM (njJQD)

120 Shouldn't that be the STFU address?

Posted by: Tipsy McStagger, somewhere down in Texas at January 21, 2010 06:24 AM (9oNaP)

121

It traps you into having no upward mobility.

Posted by: curious at January 21, 2010 09:56 AM (p302b)

And what is so wrong with that? Can I tell you how sick I am of noveau riche jerks moving into my neighborhood with their SUVs, McMansions, and business?

Posted by: Some wealthy egalitarian at January 21, 2010 06:24 AM (7BU4a)

122

Remember the good old days of the "Ohio Savings & Loan Crisis"?

The government "fix" for that is what gave us the financial giantism we're having to "fix" now. Conservatives squawked like hell at the time, yet it seems forgotten in current analysis.

Isn't there Somebody's Law that states that every government solution will soon require another government solution? A corollary to Unintended Consequences, unless you subscribe to conspiracy theories -- which I do. You can't blame the Joos for this one. Yeah, well, not my Joos, anyway.

Posted by: comatus at January 21, 2010 06:24 AM (/VEEI)

123 I know they want to demonize the banks.  But most americans are pretty fair minded and a lot of them are starting to say stuff like "well if they paid back the TARP and that is how the people on WS are paid, then maybe they should get their bonuses because I would not want them coming into my job and telling my boss what they should pay me."

Wonder if this will become more and more of a problem for the congress and the administration in the future?

Posted by: curious at January 21, 2010 06:24 AM (p302b)

124 Ok, so we contiune to lose jobs at an "unexpected" rate, and the idiot in the White House and the Dems in congress want to contiue to push their health care reform instead of focusing on jobs and economy.  If they keep this up I'm beginning to think that the Republicans can win back the House and Senate. 

Posted by: Opus at January 21, 2010 06:26 AM (IebeI)

125 Wonder how many more banks B+rrys crew take down this Friday?

Posted by: torabora at January 21, 2010 06:26 AM (fkNZG)

126 "127

It traps you into having no upward mobility.

Posted by: curious at January 21, 2010 09:56 AM (p302b)

And what is so wrong with that? Can I tell you how sick I am of noveau riche jerks moving into my neighborhood with their SUVs, McMansions, and business?

Posted by: Some wealthy egalitarian at January 21, 2010 10:24 AM (7BU4a)"

Upward mobility is very important.  It is the American way.  You should be able to pull yourself from one economic group to the next by education and sheer will to succeed.  When that is gone, what will have become of America?

Posted by: curious at January 21, 2010 06:27 AM (p302b)

127

Hey barry...

Who's fault is it today, it certainly isn't yours. this is unprecendented.

Posted by: booter at January 21, 2010 06:28 AM (eimUK)

128 Been watching Rick Santelli (CNBC) do his reports all morning.  He is trying very hard not to implode on camera.   He looks like he is ready to burst at the seams.   Wonder if we will have another Santelli classic you tube video by the end of the day?

Posted by: curious at January 21, 2010 06:29 AM (p302b)

129

All I know is that my son has been out of work for over a year.

Mine too.  It's been 14 months now. 

Posted by: Jewells at January 21, 2010 06:30 AM (l/N7H)

130 Oh, look at that - the Dow just jumped off a cliff, and lost 50 points in about 5 minutes.

Posted by: Dr Mabuse at January 21, 2010 06:31 AM (AVYqB)

131 In NY I think Peter King recently said he wasn't going to run for either Senator or Governor.

Posted by: the real joe at January 21, 2010 06:32 AM (WjerO)

132 #76 I'm figuring Goldman Sachs is running that show. The minions will be replaced in due time...and well taken care of when they go.

Posted by: torabora at January 21, 2010 06:33 AM (fkNZG)

133 SCOTUS takes a chunk out of McCain-Feingold; corporations can spend! Is that good?

Posted by: Jean at January 21, 2010 06:34 AM (7K04W)

134 #79 Shhhh...WE both know that but the 52% don't. Just roll with this, OK?

Posted by: B+rry Ob+mao at January 21, 2010 06:35 AM (fkNZG)

135 Bill Murray from Groundhog Day reports on Another "Unexpected" Rise in Unemployment: www.optoons.blogspot.com

Posted by: Justin Camp at January 21, 2010 06:39 AM (nF4Jh)

136 65

Mallamutt

I saw over at HA the other day, where Painful Stool was blaming the morons here for "driving him to liberalism", crying in his milk that he was some kind of independant before he came here and got kicked out.

Posted by: mrfixit at January 21, 2010 09:44 AM (Bsm1s)

What does he call himself over there? 

Posted by: A Balrog of Morgoth (now with 100% more smugness!) at January 21, 2010 06:42 AM (wgLRl)

137

Jan. 21 (Bloomberg) -- Measures to spur green-energy jobs may end up in a new economic-stimulus bill after Republican Scott Brown's Senate victory in Massachusetts dimmed prospects for legislation to curb carbon-dioxide emissions.

Putting energy provisions into a bill to stimulate job creation instead “makes sense” because that’s the Senate’s next priority after health-care legislation, Senator Sherrod Brown, a Democrat from Ohio, said before Brown’s win.

By hook or by crook eh comrades.

Posted by: TheQuietman at January 21, 2010 06:42 AM (1Jaio)

138

ah,  mr avenger you may be purple and somewhat darker than the obamafurher but i still call you racist... i can do that because i am a card carrying member of the educated and progressive cabals...

 when not monitoring the weather by going outside and then making shit up , i like to monitor these counter-revolutionary sites... and you my purple adversary are a racist...

i can state this with a unhypocritical mind because i once talked to a black man in the street... yes he frightened me and i had to pepper spray him and have him arrested but in the end i feel i accomplished racial dialogue...

later i had to move because i saw another black man and i got a little scared... but nevertheless i have had contact with the OTHER  and it went well now that i live in a secure bldg and black people have to leave before dark...

and i dont know anything about this unemployment stuff... just get a obama grant or something...do we sooper progressives have to do everything for you trig-lovers...

 AND FREE ROMAN POLANSKI- RAPE,RAPE IS NOT A CRIME FOR US BUT FOR THOU....

 

 

Posted by: professor von poopyants at January 21, 2010 06:43 AM (91IME)

139 What "economists" were those?  Krugman? Geithner?

Posted by: Hucklebuck at January 21, 2010 06:45 AM (oQLnX)

140 On a different, but, somewhat related note, the clusterfuck that was the Corzine administration in NJ left the Christie administration a little surprise.

http://tinyurl.com/yjynlk9

The new Governor says he found out at 2pm Tuesday afternoon why the Corzine Administration wouldn't give the information. He explains, "Revenue is projected to be $1.2 billion down year-to-date, to June 30. We're talking now about an additional billion dollar net gap that we have to close for Fiscal Year 2010."

The shortfall is the result of lower than expected tax collections and added spending. Christie says he has no question now why the former Treasurer didn't want to disclose taxation information. He says, "It would not have fit the scenario of the Corzine Administration leaving officeÂ…Â….They didn't tell you about this, but don't feel badly, they didn't tell us either."

"It was only when we took control of government that we found out that in their possession they refused to give us the projections for what June 30 was going to look like," explains Christie. "We're talking about now an additional billion dollar hole that we are going to have to fix."



Posted by: jas at January 21, 2010 06:46 AM (ZM2Bn)

141 Deutsche Bank "upgraded" US Steel to a buy a few days ago and the sheep flooded in for their shearing.

Today its blown off close to 3 points.

Market manipulations anyone?

Posted by: Purple Avenger at January 21, 2010 06:48 AM (y+Brm)

142 The characters that I type unexpectedly appear in a text box above my name.

Posted by: Jayne Cobb at January 21, 2010 06:50 AM (FkLiP)

143

I unexpectedly cooked dinner last.  Then I unexpectedly went to bed and unexpectedly slept.  Then I unexpectedly woke up this morning and unexpectedly got ready for work and unexpectedly arrived at work and then I unexpectedly went to Ace of Spades for my mornning fix.

 

Those guys need a new word.

Posted by: Jewells at January 21, 2010 06:54 AM (l/N7H)

144 Wait.. So they were expecting a number LOWER than 36K but instead got 450K?

Who the fuck is doing these estimates?

This sounds an awful lot like the that Boston Globe poll (wow I can't say that without laughing) of Coakley UP by 15 and then losing by 5.

Accountability.  Liberals do not haz

Posted by: MelodicMetal in MA at January 21, 2010 06:54 AM (x4S2a)

145 Who the fuck is doing these estimates?

Chickens pecking at numbers scattered around the floor.

Posted by: Purple Avenger at January 21, 2010 06:58 AM (y+Brm)

146 152 Who the fuck is doing these estimates?

Obviously my weather guy and Al Gore.

Posted by: kansas at January 21, 2010 07:03 AM (Wwi5M)

147 The only jobs saved by this piece of crap has been Public Sector jobs - those jobs that cost real, productive jobs through excessive taxation and huge benefit packages.

Posted by: TexasJew at January 21, 2010 07:08 AM (dcKUM)

148 You know how to fix this, don't you?

Shake down the banks... You know.. The one's who capitalize businesses, who employ people.

That's how.


Posted by: Professor of Economics at January 21, 2010 07:08 AM (GKyIE)

149

Idiots don't realize you can't tax a bank, all you can do it raise costs for its customers.

Yes, they do.  But they think you can't figure it out.  Malkin had this story about the new bank fees last week.

Valerie JarrettÂ’s comment (at about 0:43), “…what I would say to them from a PR perspective is: How does it look to pass on those fees to your customersÂ….”

What I would say to Jarrett is, businesses always pass their costs along to their customers.  That is how they stay in business, you muppet looking twit.

Posted by: Barry O at January 21, 2010 07:13 AM (kJLH9)

150 I have detected a gigantic meteor composed of trillions and trillions of dollars of deficit spending on a collision course with Washington D.C.  It will destroy millions and millions of jobs upon impact.  Who the hell was summoning meteors around here?

Posted by: Zombie Carl Sagan at January 21, 2010 07:13 AM (6BgmB)

151 117 Soros = Palpatine
Obama = Vader

Posted by: Dude what sees everything in Star Wars light at January 21, 2010 10:17 AM (lD4DZ)

Can't agree with you on that one - Star Wars has no characters who are both evil enough AND stupid enough to be similar to the current admin.  Now - if you took the incompetence of Jar Jar and combined it with the slimy evil of Jabba, then maybe you'd have something.

Frankly, I'd rather have Palpatine and Vader running the show.  I get the impression they'd be better on national defense, and probably far more fiscally conservative.  And we'd lose nothing on the social issues front - that would be more of a wash.

Posted by: Reactionary at January 21, 2010 07:13 AM (xUM1Q)

152

Those guys need a new word.

Unprecedented?

Posted by: huerfano at January 21, 2010 07:15 AM (kJLH9)

153 #125, I haven't heard Lazio speak in years.  Basically, the problem in NY is a massive ignorant underclass that will never not vote Democrat.  EVER.  Yes, I said massive and ignorant.  At least the "university" ignorant overclass isn't so large as to counterbalance the suburban vote.  But the underclass is.  Not even MA has that.

I favor bankruptcy for New York State, and the firing of most state workers.

Posted by: ParisParamus at January 21, 2010 07:18 AM (bN5ZU)

154 @ Malllamutt

I saw PS on HotAir right before the Massachusetts bloodbath.

Posted by: Tattoo De Plane at January 21, 2010 07:18 AM (mHQ7T)

155 Another "UNEXPECTED" result.

Can we fire the incompetent bastards?  How many times is this administration going to accept "UNEXPECTED" results?

Posted by: GarandFan at January 21, 2010 07:19 AM (ZQBnQ)

156 I sure hope the Reps get a plan/platform together to run on that covers all the necessaries for economic recovery.  They'd better - or else we're goig to have trouble.  In my opinion, spending cuts have to top the list, so that the deficits can be stabilized and reduced without new taxation (which would be unlikely to generate significant new revenues anyway).  They have to offer the promise of policy stability - no cap and trade, no new barriers to production of goods or of energy, that kind of thing.  Promise to remove regulations that make no sense, and hopefully have a laundry list of specific ones to cite.  I believe that the Contract with America worked because of its content and because it was clearly spelled out in easily understood propositions free of weasle words.  We need Contact 2, and we need it to make sense.

Posted by: Reactionary at January 21, 2010 07:21 AM (xUM1Q)

157 Oh, and he goes by the same name.

Posted by: Tattoo De Plane at January 21, 2010 07:28 AM (mHQ7T)

158 PS is saying he was banned because he disagreed with Ace, on this big ole echochamber that we have here.

I also noticed some HA commenters remember his presence here, with fondness.  In fact, he was being referred to as Dum Dum.

Posted by: Jay in Ames at January 21, 2010 07:32 AM (UEEex)

159 Hmmm is it going to be unexpected that the shuttering of the big GM divisions is going to happen this year? How about shutting down those Buick and Hummer plants and losing those jobs. How about the scheduling of closing all those hundreds of dealerships? Is the impact of that going to be unexpected too? They set those dates so as not to hurt their immediate numbers, but that shit is coming home to roost soon. funemployment mmmmmmm mmmmmm mmmmmm. Thanks Obama!!!

Posted by: Mephitis at January 21, 2010 07:33 AM (ehXLT)

160 I live in the Metro Detroit area. You cannot beg, borrow or steal a job here. Yet all of our local papers (even the non-Communist ones) keep insisting that "things are getting better and the economy is improving."

Sigh. Talk about magical thinking. At this point, I feel more confident that a Skittle shitting unicorn will be delivered to my door than that the economy will improve in the short term.

Posted by: shibumi at January 21, 2010 07:45 AM (OKZrE)

161

With the administration claiming full responsibility for the "recovery", and Slow Joe claiming the Spendulus exceeded all expectations, they own this now. In total. Lock, stock, and barrel. Full up. All in.

You can say that. And I can say that. And all the rest of moron nation can say that. But the deciders are not gonna say that. History being rewritten in newsrooms across the country starts in..........shit, it already started.

Posted by: pendejo grande at January 21, 2010 07:51 AM (t1aMc)

162

That word, "unexpected."

You keep using that word. I do not think it means what you think it means.

Posted by: Inigo Montoya at January 21, 2010 08:03 AM (WDySP)

163

Okay, I know I'm a lowly Moron, but I can't get a straight answer on this question- is this tax going to end up hitting the banks that didn't partake in TARP or cause this mess?

Yes--the proposal is that the tax would target the 50 biggest banks, irrespective of whether they took TARP funds or not.

Posted by: David Axelrod's Combover at January 21, 2010 08:09 AM (/Pw+r)

164 Jail is too good for these fuckers

Posted by: Hugh Jardonn at January 21, 2010 08:10 AM (lD4DZ)

165 Look folks, Obama's greatest weapon (still) at this point is that people cannot fathom that someone they (52%!) put in the WH would intentionally and systematically enact policies that would (and will) harm America and it's citizens. And until someone with some credibility (other than Rush) starts connecting the dots and informing the citizenry that what Obama is really doing is to create such chaos that the everyone will look to the Feds to feed them, then he'll get away with it. The bottom line is this: Obama has no intention of enacting true stimulative policies that will actually stimulate economic activity, if he were he would have done it already. Never before has higher taxation/increased regulation spurred economic growth, never. No, he want's us to wallow in what he sees as the great Satan, capitalism and the quest for profit at the expense of the "downtrodden and oppressed" only to be later saved by the Federal government's "benevolence". Some in congress are, I believe, waking up to the fact that Obama is indeed a radical who will do anything (and I mean anything) to enact his policies in furtherance of his vision of what America should be. And that he won't do them much good come election time. And it may not matter because I don't think he cares how many seats he loses in Congress or Senate, so long as his signature issues get enacted beforehand. People need to realize that this is about much more that just periodic UE numbers, this is about how quickly (and quietly) he can take over as much of America as possible so that in the end HE controls everything, literally. That's his ultimate goal, to be revered and worshipped in the decades to come for being the one that "transformed" America.

Posted by: volfan at January 21, 2010 08:14 AM (Lq6p6)

166

Don't worry, Government spending will get the US out of recession if Obama is smart enough to follow the example of our British Prime Miniter Gordon Brown.

On traditional measures, industrial output, deficit to GDP ratio and such the UK economy is in a worse state than the US economy. But we are all being too pessimistic, Gordon has discovered money does grow on trees. Last week he announced a plan to give free laptop computers to "the needy."

If you run out you just go into the orchard and pick some more.

I'm sure Sarah Brown will give Michelle O some money trees to plant in The White Houe garden.

Posted by: Ed Butt at January 21, 2010 08:19 AM (KVYaq)

167

I live in the Metro Detroit area. You cannot beg, borrow or steal a job here. Yet all of our local papers (even the non-Communist ones) keep insisting that "things are getting better and the economy is improving."

That's because in Detroit, "getting better" really is a relative term now.  It means a gutted house sells for $20,000 instead of $10,000, for example.

I still expect some eccentric millionaire to realize that a lot of land could be had in Detroit for cut-rate prices, and subsequently buy up dozens of lots, tear down the homes, and turn it into a private country estate with a hunting preserve.  Christ, the Pontiac Silverdome, and the land, was sold for less than what it cost to build the damn thing in late 1970s dollars; comparatively speaking, inflation probably added another 30% to the sale.

Posted by: David Axelrod's Combover at January 21, 2010 08:19 AM (/Pw+r)

168

"Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when JimmyCarter Barak Obama loses his."

Ronald Reagan 

Posted by: Speller at January 21, 2010 08:35 AM (o0R2E)

169 Dipping my junk in a bowl full of broken glass unexpectedly caused my erection to subside.

Posted by: Warden at January 21, 2010 09:57 AM (TIGTh)

170

Only a Democrat could quadruple our national debt without creating even one job.

Thanks, Barky Obunghole.

 

Posted by: Sam Adams at January 21, 2010 10:20 AM (1kwr2)

171 When you consider that 50% of government employees are functionally unemployed (they do nothing that matters), what is the true rate of unemployment?

Posted by: snookered at January 21, 2010 07:38 PM (7Vg6Y)

172 With the administration claiming full responsibility for the "recovery", and Slow Joe claiming the Spendulus exceeded all expectations, [the Democrats] own this now. In total. Lock, stock, and barrel. Full up. All in.

Well you'd sure think so.  But the socialist bastards of the Lamestream Media will keep on shoveling out propaganda for the Dems and Obambi by claiming "It's all Bush's fault!"  and "Given the disaster Presentent Wonderful inherited from the last 8 years of horrible GOP control of the White House, no human being--or even a super-human like The One--could possibly have fixed the economy this quickly."

Bunch of lying rat bastards.

Posted by: sf at January 22, 2010 09:17 AM (xz5dP)

173 11 A bright yellow object appeared unexpectedly in the sky Thursday morning, confounding government experts who postulated had repeatedly predicted, with 100 percent confidence, that the strange object would not return after it disappeared into the darkness on Wednesday evening.
Posted by: The Associated Press

FTFY

Posted by: sf at January 22, 2010 09:21 AM (xz5dP)

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