1 fucking triangles.

2 Welcome, Geoff.  Nice charts!

3 Geoff i believe we were promised at least 1 pie chart

4 Turbo-Tax Timmy explained this, though, Geoff. So, since the number hasn't really gone UP, it actually is a good thing, because that means folks are getting jobs AND others are started to look. Thus. Stasis in the chart. Your spin can't fight the realities of the Summer of Recovery.

5 9.5% again. It must be some wonderful number manipulation to keep it at 9.5%. Or they just say screw it, let's just say it's 9.5% again and not worry about the real number.

6 You have the best charts, Geoff.  I'm not just saying that to get in your pants, either.

7 Well, maybe I am, but it's only because I need a newer pair of pants.

8 yeah...what he said

9 Needs more cowbe...I mean charts.

10 What? No histograms???

11

It's like a Ross Perot special.

 

Now see here, on this next chart....

12 Is this showing that the passage of ObamaCare^(tm) but the brakes on job recovery?

13 Faster please.

14 Who is this Geoff and why should I pay attention to his charts?

15 I'm not sure I really understand the second chart.  Why do the initial jobless claims plateau after the passage of health care? 

16 Brain and brain, what is brain?

17 Geoff's charts convinced Pat Caddell he did not have to destroy the village to save it.

18  The Chart Fu is strong with this cob logger.  Well done!

19

17 I'm not sure I really understand the second chart.  Why do the initial jobless claims plateau after the passage of health care?

Passage was in March '10; that was introduction of the bill.  Maybe he'll explain, because even for me it seems like a stretch to blame it on introduction of the bill rather than enactment.

20 >>Why do the initial jobless claims plateau after the passage of health care?

Because businesses were scared shitless about the impending high cost of hiring new workers.

21 I'm not sure I really understand the second chart.  Why do the initial jobless claims plateau after the passage of health care? 

Posted by: EC

The question answers itself, methinks.

22 I'm sure this is all due to bad policies enacted in good faith by well-meaning Democrats.

It's definitely not "fucking shit up on purpose in order to make things as bad as they can reasonably make them be without starting a revolution."

That would be crazy talk.

23 Geoff i believe we were promised at least 1 pie chart

Posted by: Ben

 

And it had better be cherry. I love hitting eating that.

24 What an embezzle! What an ultramaroon Obama is!

25 Because businesses were scared shitless about the impending high cost of hiring new workers.

Wouldn't that mean more people remain jobless?  There shouldn't be a plateau or levelling off in the graph.  In other words, the jobless claims would be steadily increasing. 

I think.

26 As calculated from the total employment chart, we've lost approximately 6 million jobs from Jan 08' to now (or about 4.1% of total employment).

And the Administration is going around saying that Suckulus "saved or created" 6 million jobs?!  Guess they'll say that it would have been worse without it...

27 welcome...

I think the plateau came with health care bill passage.

Been trying to find the statistics for those who are no longer eligible for unemployment but remain unemployed...I've been told no one is counting them..

28 But first you will blow...

my mind with your wide variety of  interesting charts.

29

>> because even for me it seems like a stretch to blame it on introduction of the bill rather than enactment.

 

Most companies are negotiating new benefit plans in the fall.  Having participated in the last round for my own company, I can't tell you just how painful it was for lack of information about pending legislation we believed would pass (and we were right).

We made a strategic decision to sit tight unless new business warranted additional hiring.

30 Welcome to AOS

Creating anything with unemployment requires the use of government numbers. Personally I don't believe a single number they release anymore. 

31 Posted by: Attila (Pillage Idiot) at August 06, 2010 10:26 AM (B2LxR)

well, the stock market is at least 6 months ahead....so with even a hint of the health care bill, business would begin planning as though it were a done deal..

32 Needs more cowbe...I mean charts. Romer resigns the economy...well its not dead-dead yet.

33 I've never really trusted Geoffs with a G. 

34 We're boned.

35 Been trying to find the statistics for those who are no longer eligible for unemployment but remain unemployed...I've been told no one is counting them..

That's bullshit.  The statistics I mean.  I've always hated how they ignore people who have "left the workforce" and are not counted in the unemployment figures.  Unemployed is unemployed!  Those people should be counted. 

To put it another way, how does the government know when these same people re-enter the workforce?  How the fuck do they know when a person decides after waking up one morning to say to themselves, "gee, I think I'll start looking for work again!"

36 Better then our "Jeffs" with a "J."  Effin whiny squishes, the lot of them.

37 The government and education have always been growing.  It's private business that is taking all the hits.  They are the ones taking away 401k's or just telling their employees that the company will no longer contribute and they are the ones scrambling for new health care plans that are less expensive or making employees pay more of their health care costs. 

I've heard that there are a lot of temporary employees...and off the books employees now....more than ever before

and, since  I heard a mention that you have to pay interns now, they've probably lost that help in private business too  (not sure if this is law or what but the pres definitely said it)

38

A "Recovery Summer" indeed.

There's a joke in there somewhere about the "Recovery Fall/Falling Recovery" starting early. Or something.

I blame global warming. And Bush, of course.

39 I posted my re-employment saga on the Good Morning! thread.  BLUF:  Obama fucked me out of a chance to get an interview this morning.  If I'd been posting here last night, I'd be in custardy right now. 

40 LauraW, that attention whore,had to upstage Geoff on his first post!Biatch.

41 Welcome Geoff.  A fine debut, but the lack of triangles is troubling.

Most companies are negotiating new benefit plans in the fall.  Having participated in the last round for my own company, I can't tell you just how painful it was for lack of information about pending legislation we believed would pass (and we were right). Nothing like walking into a negotiation with nothing but a pencil and good intentions. 

Every business decision being made now is completely blind because this fucker and his bunch of simpletons are so unpredictable.  Which is why there are no decisions being made except to hunker the hell down and try to make it to tomorrow.

42
Does Geoff take requests?

How about a chart showing all the spending done by the Pelosi/Reid Congress?

43
Better then our "Jeffs" with a "J."  Effin whiny squishes, the lot of them.

You notice that, too?

44

Another byline to look forward to! I hope to see it more frequently than the first Friday of every month.

45 So, TurboTax's optimistic projection is that we'll add about 1.5 million jobs in the next 30 months?  Or is that just how many people will become discouraged?

46 As there is an inordinate amount of math associated with these so-called "charts"--allow me to be the first to say:

RAAAAAAAACCCCCIIIIISSSSSST.

47 How do you count a non-person, anyway?

Posted by: Wodeshed at August 06, 2010

We can help.

48 48 Is there a difference?

49 your charts fulfill my needs...

...my needs for charts.

50

Good news about the Washington Post. The rag has been on life support from its Kapan University subsidiary and now Kaplan was busted bigtime in a GAO investigation and the Dept of Edu is adopting rules that will "materially affect" the bottom line of Kaplan Education.

The WPO stock was down $27.00 per share  on news of this.

51 I remember Ace worrying that the economy would recover just enough that people wouldn't be panicking over Obama. That is, it wouldn't be good, but it wouldn't be bad either. I remember having that concern for a moment too. But then I realized, this guy isn't doing anything that would remotely improve the economy and every economic principle we knows says he'll be disastrous. So I figured, if he can defy every economic principle and somehow improve the economy with what he's doing then, hot damn, good for him! I'll start reconsidering what I think I know when he pulls that off. Sure enough though, those economic principles seem to be economic principles for a reason. No reasonable person should have expected to see a recovery with his policies and we didn't. I'm sure they'll say that the economy was just "worst than we thought" but since he sold it as near armageddon that's going to be a tough argument to make. The reality is either 1) they don't know what the hell they're doing, or worse 2) they know exactly what they're doing and they have a plan for this crisis. I choose 1, but I do have a growing worry about 2.

52 Stimulus 2 Bitches .

53 Still waiting for Geoff to explain his thoughts on why the jobless claims level off after the health care bill passed.

54 Your boy Masturbatin' Pete got laid off during Recovery Summer (thanks for your kind words yesterday, guys), so Barack Obama can eat a gigantic bag of dicks.

55 Geoff once tried to chart Pat Caddell, but he failed because it is impossible to chart infinity times infinity plus one.

56 mmm...pie charts...
wait, no pie charts?  WTF?
you could at least have given a bar graph... lovely, lovely bar graphs...

57 Effing socks .

58 These latest figures are not 'unexpected' at least by me. I also have no doubt whatsoever that they can and will get even worse in the future. There is NO recovery. Just reckless desperate 'stimulus' spending that mistakenly tried to 'bridge' the gap between expansion cycles. Arguable as spending money you neither have in hand nor can foresee-ably obtain in the future, might be, in 'normal' times, it is a VERY problematic exercise when times are far from 'normal'. Just one question for which I have never received an answer ------ Where are all the new jobs going to come from ? And as a corollary to that --- How many 'service jobs' does it take to equal one 'make something' job ? It best not be too many because the 'make something' jobs in the US are and have been for decades, going, going, GONE.

59 #54,

Is that thing with Kaplan University thing just a one-off or is it part of the ongoing effort to squash for-profit universities in general?  If the latter, I refrain from cheering.

60 I'm not all that familiar with these chart things, are the lines supposed to always go down like that?

61

Stolen from somewhere:

The U.S. jobless rate dropped held steady at 9.5% in July, while the governmentÂ’s broader measure of unemployment was also unchanged at 16.5%.

The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who canÂ’t find full-time jobs.

Both rates held steady despite a drop in the number of people who are employed. The number of unemployed people in the work force dropped, but that was more than offset by a decline in the overall size of the work force. Though more people were no longer in the labor force, fewer of those dropouts said they currently want a job. This helped keep the broader rate steady.

Helped Keep? As if they are cheering a manipulation.

And the revised previous numbers in May and June down. Surprise.

62 Geoff Chartoff. Nice ones. Can I have a couple o' more bar graphs next time?

63 More secret history of the Atomic bomb dropped on Hiroshima 65 years ago today.

After much debate, President Truman decided to drop the atomic bomb on Hiroshima rather than the alternative of sending Pat Caddell. It was more "humane".

64 Where's The Chicken? The markers for these charts should be The Chicken.

65
Still waiting for Geoff to explain his thoughts on why the jobless claims level off after the health care bill passed.

Pretty simple, really. But first - the health care bill was not passed at that time, it was introduced in the House. I think it was the moment where businesses realized that they were really going to have to fight this battle, and that they were faced with a finite likelihood of the bill's passage. Unless your business shares circumstances with Walmart, that wan't good news.

66 The U.S. jobless rate dropped held steady at 9.5% in July, while the governmentÂ’s broader measure of unemployment was also unchanged at 16.5%.

I believe the technical term is "effing rut."

67 The U.S. jobless rate dropped held steady at 9.5% in July, while the governmentÂ’s broader measure of unemployment was also unchanged at 16.5%.

What the hell does 'dropped held steady' mean? 

Was this prepared in advance hoping for a 'drop' and then edited it incorrectly after the figures were released?

68 It's FIAF    -138.50  (-1.30%)

69
The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who canÂ’t find full-time jobs.

Unfortunately, the U-6 number doesn't capture the people who have dropped out entirely. We've lost millions to that category. That's why I prefer to graph total employment.

70 Oh dear God, Kudlow just opened the show with "do we need a new stimulus and do we need it now?"

Geez i like trish and melissa.....i'm not so crazy about mattie the australian interloper....

71 Unfortunately, the U-6 number doesn't capture the people who have dropped out entirely.

So U-6 is the addition to the "normal" bullshit rate of PhDs working at McDonald's and landscapers with law degrees, correct?

72 Posted by: geoff at August 06, 2010 10:58 AM (bbq9W)

even if you are a small business with a walmart contract they can put the screws to you at any time and you could lose the contract...

this really hurts small businesses, the large one are already figuring out ways around this stuff...

73 I would put the actual unemployment rate in this country at somewhere between 17% and 20%. That is the number who don't have a job and would like one.

However, if you threw in all the welfare queens like the one we were posting about a few days ago who was collecting over 140K a year on 8 illegitimate babies, and all the other parasitic assholes who collect government largess without working that number would probably skyrocket to up in 25% to 30% category.

Now why throw that number in there? Because during the "great depression" none of those government programs existed so if you had some group of people without they job, THEY WOULD HAVE BEEN LOOKING FOR ONE.

74 "Watch The Hilarious Way White House Labor Secretary Hilda Solis Tries To Spin The Jobs Report As Positive"
I'm telling you guys, in order to get a job with this administration you need skilz, acting skilz...

75

What I really love about that chart (as the junta originally put it out) is that unemployment hits the same number in 2014, with or without the Porkulus.  That's kind of weird, isn't it, for theoretical models (though I doubt any were used to draw those curves - they were probably just penciled in by hand) to both arrive at the identical unemployment figure in 2014?

Normal people would say that that is an admission, in projections, that non-defense government stimulus spending has no real lasting effect on anything - i.e. can never really be a "jobs" program in any sense. 

76 You small brains bring much amusement to me. Let me explain it to you. You take U2 - Bono = rock music without the pretentious preening. Once that is run through a sine wave function inverting the losses as seen thru Bruce Springsteen's "My Hometown", then you apply the Streisand function.

Thus we are in a "Recovery Summer"!

77 "Canadian Economy Suddenly Much Worse As Unemployment Soars Back To 8%"Wait, what did I miss?  Weren't they making fun of the rest of the world last week saying they were doing just fine?

And they are touting Chile as the next emerging market "you have to get in on"....so will we be hearing the same story in a week from Chile?

78 this really hurts small businesses, the large one are already figuring out ways around this stuff...

The very large ones sit in on all these meetings and get "outs" written into the legislation. The medium size businesses get hurt just like the small businesses, its just with their cash flow and inventory they can survive for a while by laying off people and struggling before they ultimately go under.

The small businesses can do neither, so they either go under or cheat. The ones that cheat or then opening themselves up for graft and corruption through blackmail by unscrupulous government employees that oversee them or political exploitation by DAs looking for advancement.  

Ultimately as I have been saying for years, all government regulation does it make it harder for the honest businesses and more expensive to the consumer. The crooked businesses will appear to me the laws on paper and will largely get away with it for a long time until some event happens that exposes their cheating.

The government auditors rarely find the real crooks.

79 Hey, let's freeze military pay and make them pay for their health care.

80 I think the total employment number is the way to go too. It shows a decrease of about 7.5 million jobs since Jan. 2008. However, as you stated, it takes about 150K jobs just to keep up with population growth. In reality we are more like 12 million jobs in the hole.

81 Seriously where's my pie? And this is the 21st century and the Internet. Where's the shading and 3d effects? Did you make these using Harvard Graphics 2.10 or something?
Sheesh!

Just kidding Geoff! Welcome and good job! Drink up!

82 It is mind boggling to hear Howard Dean say this morning that they might,might lose 1 Senate seat.  They are way way overconfient....if you put these charts and numbers with the polls, where is the over confidence coming from.  In the same situation the republicans would be terrified and it would show.  They are a bunch of kewl cookies...

83 86 They are just blowing smoke in public.They know they are fucked.

84 Geoff, I offer my own chart for your review. I have no mad charting skeelz, nor do I have any readers but I thought that here: http://addednoise.blogspot.com/2010/02/what-happened-on-august-28-2008.html I stumbled onto an acorn. (Or was it an ACORN?) Anyway, charting rules!

85 Using a little math, if the labor market is considered to have grown at its normal pace (not actually contracting) we should be at a labor market of 151 million with 5% unemployed. Given today's numbers that puts us at an actual unemployment rate (U3) of about 12/151 +0.05=0.13 about 13%.

86 Using a little math

Banned.

87 39 Better then our "Jeffs" with a "J."  Effin whiny squishes, the lot of them.

hey!  i'm not that overweight!

88 By blowing smoke steevy means republicans have no chance the party of fuck you I won has 5 acorn/dead/illegal voters for each one of you.

89

#63

From Yahoo:

"The Education Department proposed much-anticipated regulations Friday that would cut off federal aid to for-profit college programs if too many of their students default on loans or don't earn enough after graduation to repay them.

"Some proprietary schools have profited and prospered but their students haven't, and this is a disservice to students and to taxpayers," Education Secretary Arne Duncan said in a briefing with reporters. "And it undermines the valuable work, the extraordinarily important work, being done by the for-profit industry as a whole."

Clearly, taxpayers were subsidizing dubious education operations that were not producing job-ready graduates. The leftist, statist Washington Post is profiting, through Kaplan, at taxpayer expense and using shady practices to do it. As Kaplan goes, so goes the Post and the moonbats within like Milbank, Dionne, Robinson, Weigel, Klein, Capeheart, Quinn, Shales, King, etc. etc.

 

90 Wait for the Bush Tax Cuts^tm to expire.  Unless that's already factored in, small business will cut back on jobs even more at that time.

91 Well, gold is surging.  So there is that.

92 Posted by: DeepThroat at August 06, 2010 11:28 AM (RN3Bh)

When i saw that I thought, "wow, so first private industry takes a hit and now private education will be taking a hit"

93 One of the hottest men alive, JImmy P is on Kudlow...

94 o so they are saying that "Christina was the only one who really saw the power of tax cuts"  so what does that tell us boys and girls?

95 Jimmy is saying the American public would be more than happy to accept cuts in entitlement programs and the guy speaking for BO is saying, without even listening to Jimmy, that Americans are spoiled and they want everything and don't want to give anything up".....this is the problem in a nutshell, right there, the administration does not listen to the American people.

96 #93,

So, it is what I thought.  More progressive bullshit.

97 Krugman trashes Paul Ryan in today's NYTimes, , privately I think Keynes disciples are like this http://pointsandfigures.com/2010/08/06/quick-post-on-market-psychology/

98

9.5% and holding steady?  We should be thanking them!

99 DeepThroat: "Good news about the Washington Post. The rag has been on life support from its Kapan University subsidiary and now Kaplan was busted bigtime in a GAO investigation and the Dept of Edu is adopting rules that will 'materially affect' the bottom line of Kaplan Education..."

Just a friendly reminder. The following Washington Post employees were subscribers/activists on the JournoList (J) and may still be active on another one so far undiscovered:

Alec McGillis (J)
Greg Sargent (J)
Dave Weigel (J)
Ezra Klein (J)

And some on its sister network, Politico:

Avi Zenilman (J)
Ben Smith (J)
Lisa Lerer (J)
Mike Allen (J)
Laura Rozen (J)

There are probably more yet to be discovered. Wouldn't want that little nugget of information to escape any would-be financiers or investors. Or consumers.

100 no matter what he does, short of force them, he's not going to be able to get private business to give up the cash they are stock piling.  and he's not going to be able to get the middle class to spend on frivolous stuff anymore.  Sure, are people taking vacations like crazy...yep priceline is doing great and the airlines too.....yellowstone is seeing record numbers of visitors and nYC is overcrowded with people who are looking up and not watching where they are going.

101 Geoff, how does it feel to have single-handedly forced Romer's retirement?   Cuz I think that's kinda what you did...

102 Geoff - can you do a chart that includes the primary BLS track with the quarterly IRS payroll tax receipts?

103

Geoff. Nice work. 

While I can't issue a papal bull (journolist doesn't have such issuing authority) I can grant imprimatur status to your work here. And as William F. Buckley often intoned as a salve to those entering the arena, "don't let the bastards wear you down."

Good luck . . . "stay on the road, keep clear of the moors."

That's all I got now get to it.

p.s. It may be interesting at some point in the future to introduce the morons to the economist John Williams and his work over at Shadow Stats.  His analysis over 20 years in pulling out the government's BLS b.s. outliers and sleight of hand, puts real unemployment at 22%.    

 

104 Tommy V: "...or worse 2) they know exactly what they're doing and they have a plan for this crisis.

I choose 1, but I do have a growing worry about 2."

Just come on over to the Dark Side and quit overthinking it. It's 2.

105 Posted by: Bizarro MostlyRight at August 06, 2010 12:07 PM (KvVRZ)

If he did, she should thank him for maybe saving her academic career.  Her government career is over.  She was/is the laughing stock of everyone, even regular folks who aren't well versed in economics, the market and money in general, laughed at her.  She will be lucky if she can go back to her old life, write a book, and not have students refuse to take her class cause they have no respect for her, even at Berkley.

106 "It's Official: Social Security System Now in the Red"
Could someone clarify for me.  Someone on here said government employees do not pay into Social Security.  I thought everyone working pays into Social Security no matter what. 

107 While I can't issue a papal bull (journolist doesn't have such issuing authority)

Perhaps a grant of Jus primae noctis is in order.

108 mmm ... pie chart ....

109 At one time government employees were not on SS. They are now. 

110 What did you think about what BO said?  I didn't get to hear it....commotion always occurs when he comes on the tv........but the market seems to be resounding...

111 Well, just a heads up, that's all wrong and the unemployment graphs are mostly crap. There are six different buckets in which people fall in. U-3, is those who've been unemployed for 5-27 weeks. That's what's used for the unemployment records. After 27 weeks they fall into the U-6 which are those that are unemployed, so it's not that they quit looking for a job or dropped out, it's an artificial way of making the situation look better. So, at this point, we're closer to 20% unemployment, worse than Spain, better than Germany and when you hear politicians say "It could always be worse," that's code for "Because you don't know what it really is, jackasses."

112

108 Tommy V: "...or worse 2) they know exactly what they're doing and they have a plan for this crisis.

The plan.  Can you handle the truth?  Can you really handle the truth?  OK, the plan is quite simple and is based on an economic reality centered on one word.  And the word is, "unsustainable."  The economy with the debt structure and law of compounds doesn't merely "suggest" a potentiality of unsustainablity, it factualy displays a fact of unsustainability.

So then, to the plan.  The plan is to prevent a deflationary depression by whatever means possible.  The means the fed have chosen, is to print money and have the government simply through outside proxies purchase our debt.  And eventually we will simply monetize i.e. completely without pretense buy our own debt. 

The inflationary forces are building while we are experiencing immediate micro-economic DEflationary occurrences. 

Now back to the plan.  The printing of money and eventual inflationary climate will be used to cancel our debt.

The coup de gracie is a new international currency controlled by the IMF and backed through special drawing rights (SDR's) based in part on Gold.

Folks . . . this is the inside baseball and the end-game.  Everything else is pure chatter.

Trust journolist.

113 Captain Obvious, here, but... +100K farm jobs: SURPRISE! don't plants *like* GROW in the Summer??  [Just sayin']

114 Posted by: SnowSoul at August 06, 2010 12:35 PM (AW8nH)

What is frightening to me is that I am hearing the little flaks on the media talking about things not coming back until 2014, if at all.  That makes me think that they are ok with the unemployment as it is now and like saying "ok, this is the new normal, so folks you have to learn to live with it"

115 When did FORD go bankrupt?

Rush is playing BO talking and he just said "all there of US auto makers emerged from bankruptcy"

116

So then, to the plan.  The plan is to prevent a deflationary depression by whatever means possible.  The means the fed have chosen, is to print money and have the government simply through outside proxies purchase our debt.  And eventually we will simply monetize i.e. completely without pretense buy our own debt. 

Posted by: journolist at August 06, 2010 12:36 PM (8EEyy)

Yep.  And they try to sell this crap with a straight face.  Price deflation is fought by destroying the value of the currency, making prices look as if they've stabilized.  I like the idea.  From now on, everyone under 5 feet tall is allowed to measure themselves with special rulers that mark 5 ft as "6 ft.".  No more short people!  Voila!

Geniuses these people are, I tell you.  Genii.

117

 -->When did FORD go bankrupt?

Never.

-->Rush is playing BO talking and he just said "all there of US auto makers emerged from bankruptcy"
Posted by: curious at August 06, 2010 12:54 PM (p302b)

Yeah ... he claimed that he saved Ford, before.  The Precedent just tells all sorts of transparent lies with total impunity.  Hey, he promised transparency, and lies don't get more transparent.

118 The urban survival guy is tackling the fact that we are training IT workers, but they aren't Americans.

119
I had no idea - the oh-so-liberal Washington Post was paying its bills by running a diploma mill? Man, the hypocrisy meter has just run off the scale.

120 Posted by: progressoverpeace at August 06, 2010 12:55 PM (5TNVe)

The price of everything is going up.   Even broadway shows.  And if the price isn't going up, the packaging is getting smaller. 

A sale brings you back to the real price two years ago.

121 Posted by: Brown Line at August 06, 2010 01:05 PM (VrNoa)

Education is a billion dollar business.....and the operative word here is business.

122 119 Posted by: SnowSoul at August 06, 2010 12:35 PM (AW8nH) What is frightening to me is that I am hearing the little flaks on the media talking about things not coming back until 2014, if at all. That makes me think that they are ok with the unemployment as it is now and like saying "ok, this is the new normal, so folks you have to learn to live with it" Posted by: curious at August 06, 2010 12:53 PM (p302b) ---------------------------------------------------------- As far as I can tell, that's the point. They hid the data on Spain that says for every green job they earn they lose 2.?; Sheriff Dumbass, aka Joe Biden, said the 8 million jobs we've lost aren't coming back; and their philosophy on taxes is whether the American people can withstand them, not what will help the economy. Also, I wouldn't be surprised if it's far beyond 2014 when the economy gets back on track. A study conducted by UCLA a few years back said that FDR's policies caused the Great Depression to be prolonged for 10 years. On top of that, we don't have the infrastructure that we had back then that would help afterwards, such as the manufacturing sector. And, on top of that, there's the debt that's only accelerating and we're spending so much that Social Security, Medicare, and debt alone are taking up all the money the US collects, everything else is funded by people loaning us money. If we ever recover, the changes need to be made immediately. That's at least what most economists who aren't complete morons(Paul Krugman) seem to be saying.

123

125  We live in an economic vortex of both inflationary and deflationary forces inside a worsening economic depression.

Many of the so called economic experts do not understand inflation and usually assign it to the velocity of money and other text book definitions.

Gold has increased over 300% in the past 5 years relative to the dollar.  This is inflation and the metrics of looking at all the indexes like the dollar index and the stock market is pure manipulated b.s.

What we have right now is an economic monster that we have never before, ever dealt with. 

Check out John Williams over at Shadow Stats and take a look at his white paper on inflation.  Check it out, you won't be disappointed.

 

124

Posted by: curious at August 06, 2010 01:07 PM (p302b)

Housing and energy are the biggest components to figure into the "inflation" rate.  Technology is strongly deflationary, at its core, since you can always get more The real cost of technology is figured into how much new stuff people start assuming is part of their "core existence", though each piece gets cheaper with every passing day..  But, it's all academic, anyway.  They're going to inflate the monetary supply until we get actual price inflation all around - which means that it's too late, frankly.  And they are happy to announce to everyone that this is their plan.

I'm stunned that people take this crap, but they do.  Then again, I'm just one of those nasty doom and gloomers who should be talking about nothing but voting ...

125 "Been trying to find the statistics for those who are no longer eligible for unemployment but remain unemployed...I've been told no one is counting them.."


Oh you mean like my wife?   Yeah  bammy doesn't give a FUCK about us.  She's been unemployed for almost 2 years.  She was laid off 1 or 2 months after "I won" got elected.  I have a special place in my mind for that fuck wad and his piece of shit wife lecturing me on my soul needing to be saved after she and baracka went to a "Lets all fuckin hate whitey" church.

I hate them.   I do.

126 In my small corner of the world I'm starting to see patterns.  The recently graduated college people and some, emphasis on some, who received higher degrees are getting jobs.  However, usually not their dream job and usually way below what they were promised when they walked into those ivy covered halls, by almost half.  Now, people with experience who are out of work seem to be having such a difficult time.  I know of one place where there are the owners and people hired in the last 4 years.  Everyone else was "laid off".  Then I hear from my friend "the head hunter" that companies don't really want anyone who was "laid off"...if they have a job.  Instead they want someone who is working and will jump ship and go to them.  I find this most concerning and I have checked it out and yes, he was telling the truth.  So, why don't they want the people who were laid off, why do they want to steal an already working employee of another firm?

127

131  I would have to say it's just human nature.  Employer's have always been very suspicious of candidates with "gaps" in their job history.  And the reality of the situation, that we are in a depression, hasn't quite caught up with the standard H.R. metrics of  the employment gaps, "bad" mentality.

One thing, and I know I sound like a broken record but we are in a worsening economic depression that is going to get ugly.  Have a plan baby, have a plan.

128

Posted by: progressoverpeace at August 06, 2010 11:09 AM (5TNVe)

Good catch.

But normal people (defined as having average intelligence, and not a product of the late edumucation system) would know that already.

You just don't take money from Peter to 'temporarily' pay for Paul and Mary, (and Juanita, and Osama.....), and have reasonable expectation that "all will be well". 

129 Democrats..

Always trying to get around the laws of economics.



I'll repeat my earlier idea of Amending the Constitution to requiring any Presidential candidate must prove they have worked for at least ten years.  No more of these shit bags who sail through Ivy league Schools and then sit back and do NOTHING but "Write papers" on this or that.  Sorry.  Real world experience or GTFO

130 Welcome, Geoff!

131 No more of these shit bags who sail through Ivy league Schools and then sit back and do NOTHING but "Write papers" on this or that.

I agree with your general sentiment about real world experience, but hasten to point out that The Bestest Precedent Evah didn't even cut it as an academic.  He wrote published zero scholarly papers.  _{perhaps he wrote some but they didn't get through peer-review}

132 What I find confusing is that they keep saying salaries are rising.  Where?  Everyone I talk to is doing way more work (three people were fired and they were given their responsibilities) for the same pay.  No one dares ask for a raise..no one..you are just happy to have your job.  And, peopel are not taking full vacations, they are taking fridays and mondays, or the Hamptons crowd, thursdays.  One friend said he has lost money.  They are no longer contributing to his 401K and they have gotten more expensive health insurance and he is paying in more than he did before. So, what he is bringing home, at the same salary, with new taxes and such (local and state mostly) is less.

133

“The President has proposed to terminate or reduce government programs we do not need and cannot afford. He has proposed to freeze non-security, discretionary spending, which will by 2014 bring such spending to its lowest share of the economy since the 1960s…. “

Â…he could  have mentioned that cutting government spending by outsourcing was in the plan somewhere."

134

"Some proprietary schools have profited and prospered but their students haven't, and this is a disservice to students and to taxpayers," Education Secretary Arne Duncan said

 

Does this even make sense? 

So schools are now responsible for their students' (future) welfare, too? 

135

So schools are now responsible for their students' (future) welfare, too? 

Posted by: always right at August 06, 2010 01:41 PM (0AClR)

I'm more interested in holding schools accountable for certifying retarded nutcases and unleashing them on society, like all the scum that pours out of th eIvy Leagues every year.  If you look at the damage Ivy Leaguers have done to t he US, the Ivies should be ponying up a few trillion for damages and should be begging forgiveness from every American.

Hah-vahd.  Matches.  And then to Yale, Princeton (who has given us an adjective denying empathizer on the SCOTUS), ...  We can do Penn last, since it's the dregs of the Ivies.

136 Posted by: always right at August 06, 2010 01:41 PM (0AClR)

there was just a flak on FBN who was saying that we need to finance retraining and college for those who have been laid off with more free gifts.  The conservative opposite her nearly burst a blood vessel.

It seems to me that they are setting up the private colleges to lose their federal funding.  This way they can make sure all the state and city systems are viable so that they can funnel the untrained and laid off into those systems to give them degrees and hopefully get them jobs.   Hopefully is the operative word here.

137 FBN is proving that there are two million jobs available right now in America.  They are doing it very effectively so, what are they up to?

138 Kudos, Geoff.  Welcome to Ace's Place.  Don't forget us little folk over at Innocent Bystanders.  Love ya.

139 Often overlooked is that the market really tanked when it was looking more like Obama would be elected.  Smart investors knew that would be bad for capitalism. 

Of course there was a Freddie/Fannie bubble, which mostly was formed by Democrats, but blamed on Bush.  A democrat congress has been in control of too much spending, yet Democrats and their media henchmen dutifully call it the "Bush recession".

We might also remember Bush was left with an internet bubble and a plan to bomb the towers was already in motion.  We also tend to forget that Enron flourished under Clinton, but they were prosecuted under Bush.

http://fwd4.me/ZIA

140 Rush is talking about the mortgage bailouts.  Now, if he does it for everyone everyone with a mortgage, I'm down with that.  But if he does it only for the poor who still managed to hang onto their homes, and I can't qualify, I'm not down with that.  It has to be across the board or nothing.  But I think he wants to do this for the poor since he knows when the bush tax cuts expire they will have to pay taxes for the first time in 8 years and they might get grouchy.  So now he can say "hey I gave you your house, can't you pay a little tax, for me?, please"

141 Posted by: bill at August 06, 2010 02:08 PM (0C9Hn)

oh yeah but that enron thing is "being fixed now"

142

So, why don't they want the people who were laid off, why do they want to steal an already working employee of another firm?

They figure that the people who got laid off were the losers.

And the people who kept their jobs were the winners.

It's widely acknowledged that everyone loves a winner, but the dirty little secret is that, in addition, everyone also hates a loser.

 

143 "Consumers Still Chopping Up The Credit Cards, As June Revolving Credit Falls Again"

144 "The Backstory On How Christina Romer Wanted To Fix The Economy"

145 "And since the Senate took no action on the other two applicants, Yellen and some other female uberdove, it seems that with Kohn's departure on September 1st, the Fed will have just 4 governors until September 13, at the earliest, which is the minimum quorum for a decision. In other words, if anyone wants to really destabilize the country, the two weeks in early September should prove to be quite a good opportunity to strike. "

146 They fired a "rain maker" at HP.....where's the rest of he story?

147 I wanna know why the fuck that has to keep having his numbers revised down EVERY FUCKING MONTH still has a job. Jebus he only missed June by 100%!

148 But...but.. the presiden said on The View (when confronted by that tough Conservative Elizabeth Hasselbeck or whatever) that unemployment would have been MUCH WORSE if not for his stimulus! John McCain's economic advisors even said so! So... see. It WORKED!

149 My favorite books when I was a kid?

Charty Boys.

150 2011 fashionable vigor hat launched, hot brands are you waiting for baseball hats Reduce weight a product list, select the most effective, evaluate the best products reducing weight, products for main reference according to on sales, it is our products slimming capsule

151 the  passage  read  so  nice!