What happened to all of the doom and gloom economic threads?

This cartoon says what the NIGGRZ.....CURRY, POOP, UD, KUZ etc always say

IGNORE EVERYTHING

WHOSANE OBAMA IS GREAT

Yikes! Economy shrank in fourth quarter for the first time since ’09

Posted by Neil Irwin on January 30, 2013 at 9:14 am

The U.S. economy contracted slightly in the final months of 2012, as defense spending plummeted and businesses depleted their inventories, in a surprising development that could give hints of the economic challenges to come.

Oh teh noes! The economy slowed a tiny bit! Everypony panic!

Sean Renaud said:

Oh teh noes! The economy slowed a tiny bit! Everypony panic!

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Bushco's 5% unemployment and 5% GDP was the worst economy since H Hoover

so STFU, NIGGER

BUSYBODY-II said:

Bushco's 5% unemployment and 5% GDP was the worst economy since H Hoover

so STFU, NIGGER

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Don't worry we are trying prove we can do it better then the Japanese

vetteman said:

Zimbabwe is down to it's last $217...

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No there going to print a hundred million dollar bill

31 Senate Republicans Opposed Sandy Relief After Supporting Disaster Aid For Home States

When the Senate passed the long-delayed $50.5 billion Hurricane Sandy relief package Monday, 36 Republicans voted against the bill. But of the 32 no-votes from Senators who are not brand-new members, at least 31 came from Republicans who had previously supported emergency aid efforts following disasters in their own states.

While opponents complained that the bill contained too much unrelated “pork,” each of the 30 of them who had been present earlier this month when the Senate passed the much-smaller $9 billion Sandy relief bill also voted no. All five top members of the Senate Republican leadership voted no on both.

Most incredible among the no voters were Senators Kelly Ayotte (R-NH) and Pat Toomey (R-PA). Those two had not just backed disaster aid in the past — they actually sought disaster aid for their own states for relief from Hurricane Sandy. And Sen. John Boozman (R-AR) endorsed disaster relief for snow storms damages in Arkansas just four days before casting his “nay” vote.

The “hypocritical” list includes:

1. Kelly Ayotte (R-NH): Requested disaster aid after Hurricane Sandy.
2. John Barrasso (R-WY), Republican Policy Committee Chair: Requested disaster aid after flooding.
3. Roy Blunt (R-MO), Republican Conference Vice Chair: Demanded the Senate be called back from recess to pass disaster aid during a drought and boasts: “When a disaster surpasses the ability of states and communities to rebuild, Senator Blunt believes the federal government should prioritize spending to help the people whose lives and livelihoods are impacted. During his time in the Senate, he has fought tirelessly to ensure that Missouri gets its fair share of those federal resources specifically dedicated to disaster recovery.”
4. John Boozman (R-AR): Requested disaster aid after snow storms in January 2013.
5. Richard Burr (R-NC): Requested disaster aid after severe storms.
6. Saxby Chambliss (R-GA): Requested disaster aid after flooding.
7. Dan Coats (R-IN): Requested disaster aid after tornadoes.
8. Tom Coburn (R-OK): Requested disaster aid after winter storms and for extreme drought.
9. Bob Corker (R-TN): Requested disaster aid after flooding and asked for supplemental emergency flood relief.
10. John Cornyn (R-TX), Republican Minority Whip: Demanded drought relief aid and requested disaster aid for wildfires.
11. Mike Crapo (R-ID): Boasted of obtaining a FEMA fire safety grant and pushed for a bill providing emergency drought relief.
12. Mike Enzi (R-WY): Requested disaster relief after flooding.
13. Lindsey Graham (R-SC): Requested disaster relief after freezing and boasted of obtaining emergency drought relief.
14. Chuck Grassley (R-IA): Requested disaster relief after severe hail storms.
15. Orrin Hatch (R-UT): Requested disaster relief after flooding.
16. James Inhofe (R-OK): Boasted of obtaining disaster relief after severe storms and drought.
17. Johnny Isakson (R-GA): Requested disaster aid after flooding.
18. Mike Johanns (R-NE): Requested disaster relief after flooding and blasted Democrats for “inaction on disaster relief” for drought and wildfires.
19. Ron Johnson (R-WI): Requested disaster relief after a blizzard.
20. Mark Kirk (R-IL): Appealed after FEMA denied assistance following severe storms and tornadoes.
21. Mike Lee (R-UT): After calling federal disaster relief unconstitutional, endorsed relief aid after flooding in Utah.
22. John McCain (R-AZ): Endorsed disaster relief after flooding.
23. Mitch McConnell (R-KY), Republican Minority Leader: Requested disaster relief during a drought and after tornadoes.
24. Jerry Moran (R-KS): Requested disaster relief after tornadoes.
25. Rand Paul (R-KY): Requested disaster relief during a drought and after tornadoes.
26. Rob Portman (R-OH): Endorsed disaster relief during a drought and after storms.
27. Pat Roberts (R-KS): Boasted of obtaining disaster relief after drought and wildfires and criticized the Bush administration for inadequate emergency relief after a blizzard.
28. Marco Rubio (R-FL): Requested disaster relief after severe freezing.
29. Jeff Sessions (R-AL): Requested disaster relief after tornadoes and during a drought.
30. John Thune (R-SD), Republican Conference Chair: Requested disaster relief after flooding and snow storms.
31. Pat Toomey (R-PA): Requested disaster relief for Hurricane Sandy before it even hit landfall.

Not one of the opponents has co-sponsored Sen. Harry Reid’s (D-NV) “Extreme Weather Prevention and Resilience Act” which would encourage Congress to “prepare and protect communities from extreme weather, sea-level rise, drought, flooding, wildfire, and other changing conditions exacerbated by carbon pollution” and “reducing pollution, promoting the use of clean energy sources, and improving energy efficiency.”

ThinkProgress previously reported that at least 37 House Republicans who opposed Sandy relief had also supported disaster aid for their home states.


http://thinkprogress.org/economy/2013/01/29/1510041/sandy-aid-republican-hypocrites/

vetteman said:

The last bill they printed was a hundred trillion dollar bill.

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Hey they could do like the fed just keep buy 85 billion dollars a month of there own bonds

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STFU, you PUTRID, NIGGER

Hey, maybe they can go to YALE and study CUNT ISSUES


A Quarter Of Jobs In America Pay Below The Federal Poverty Line


Over two years ago (and reiterated last year) Zero Hedge first wrote on what was and is an undisputed transition within the US labor force: a shift from full-time to temp, or part-time labor, with virtually no contractual or welfare benefits, and where workers are lucky to get minimum wage. This is because in the "New Normal" where copious amounts of structural slack are pervasive due precisely to the Fed's constant flawed micromanagement of the economy, the US has now become an "employers' market."

Furthermore, we were the first to make the critical distinction that it is absolutely not all about the quantity of jobs, but much more importantly, the quality of the new jobs being created. However, just like 99% of the general public, and all of the mainstream media, has an inborn genetic disorder preventing it from grasping the distinction between nominal and real, so these two critical aspects of the US jobs market languished unperturbed. Until now, two years later, when we are happy to see that the mainstream media has finally caught up with what our readers knew in December 2010.

From the NYT, and long overdue:






Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created. Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families.


A quarter of jobs in America pay below the federal poverty line for a family of four ($23,050). Not only are many jobs low-wage, they are also temporary and insecure. Over the last three years, the temp industry added more jobs in the United States than any other, according to the American Staffing Association, the trade group representing temp recruitment agencies, outsourcing specialists and the like.


Low-wage, temporary jobs have become so widespread that they threaten to become the norm. But for some reason this isn’t causing a scandal. At least in the business press, we are more likely to hear plaudits for “lean and mean” companies than angst about the changing nature of work for ordinary Americans.

The "some reason" is that absent from the occasional mention here and there, few if any are aware of what is truly going on beneath the surface of America's (part-time) jobs (non) recovery.

Sadly, while the NYT is accurate up to this point, from here on out they too lose the narrative:






How did we arrive at this state of affairs? Many argue that it was the inevitable result of macroeconomic forces — globalization, deindustrialization and technological change — beyond our political control. Yet employers had (and have) choices. Rather than squeezing workers, they could have invested in workers and boosted product quality, taking what economists call the high road toward more advanced manufacturing and skilled service work. But this hasn’t happened. Instead, American employers have generally taken the low road: lowering wages and cutting benefits, converting permanent employees into part-time and contingent workers, busting unions and subcontracting and outsourcing jobs. They have done so, in part, because of the extraordinary evangelizing of the temp industry, which rose from humble origins to become a global behemoth.

Actually, the primary reason for the surge in part-time jobs over the past 4 years has everything to do with the ongoing Depression, which few are willing to call it for what it is, and, you guessed it, the Fedeal Reserve. Why? We once again refer readers to an article posted nearly a year ago "How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement" in which we explained that since the advent of ZIRP culture, companies have proceed to i) hoard cash as corporate management is well aware the current artificial economy is a temporary blip on an otherwise inevitable decline back into global economy purgatory and ii) spend what little cash can be disposed off to generate immediate shareholder returns, in the form of stock buybacks, dividends, and when these are impossible, M&A. Alas, the last thing corporations spend capital on is actual organic growth, so desperately needed if they are to be able to afford a viable employee base. Alas, as we showed two days ago, core capital spending has now been declining virtually non stop since posting a modest Y/Y rebound after the Lehman failure.



It is the chart above that shows in no uncertain terms what the corporate vote of confidence in the US economy is. With the consolidated CapEx trendline decidedly lower and to the right, one thing is certain: the part-time normal is here to stay, as more and more people make the minimum part-time wage their daily routine, all the while the BLS, and the administration both lie in broad daylight that the US economy is currently in a recovery.

And while the rest of the NYT piece is mostly fluff, the conclusion is relatively accurate:






The temp industry’s continued growth even in a boom economy was a testament to its success in helping to forge a new cultural consensus about work and workers. Its model of expendable labor became so entrenched, in fact, that it became “common sense,” leaching into nearly every sector of the economy and allowing the newly renamed “staffing industry” to become sought-after experts on employment and work force development. Outsourcing, insourcing, offshoring and many other hallmarks of the global economy (including the use of “adjuncts” in academia, my own corner of the world) owe no small debt to the ideas developed by the temp industry in the last half-century.


A growing number of people call for bringing outsourced jobs back to America. But if they return as shoddy, poverty-wage jobs — jobs designed for “Never-Never Girls” rather than valued employees — we won’t be better off for having them. If we want good jobs rather than just any jobs, we need to figure out how to preserve what is useful and innovative about temporary employment while jettisoning the anti-worker ideology that has come to accompany it.

And that means differentiating the US work force and making it highly specialized, and attuned to a new world in which increasingly more unskilled labor is being outsourced or outright replaced by conveyer automation and robotics. Alas, that means providing incentives for people to get off the couch, learn a skill, and specialize. And that, courtesy of that other central planning tenet, namely providing each and everyone with just the barely sustainable minimum of welfare entitlement to keep people satisfied and voting for the same person over and over, guarantees that more will fall into the trap of having no marketable skills, and be without even part-time opportunities.

At least, until the welfare funding runs out. Then things get really ugly.

So now that we've established that cutting government spending can cause major GDP shrinkage, which conservative will demonstrate that cutting spending a whole lot more will not cause a recession?

BUSYBODY-II said:

Hey, maybe they can go to YALE and study CUNT ISSUES


A Quarter Of Jobs In America Pay Below The Federal Poverty Line

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So let's get rid of that pesky minimum wage!

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STFU, NIGGER KUZ, err CURRY!

Stop your BULLSHIT!

How cute

WhoSane Obama tanks gas prices for the election

Calls in a SUPERSTORM to steal election

Now its FUCK YOU, AMERICA!

What difference does it make?


Gov’t Doles Out $10.3 Billion in Improper Unemployment Payments – In 1Year


(CNSNews.com) – The Federal-State Unemployment Insurance program paid out $10.3 billion in benefits in 2012 to people who should not have received the money, according to the Department of Labor (DOL).

The data provided on the government website, paymentaccuracy.gov, shows those payments amount to 11.42 percent of all the unemployment insurance checks handed out – an increase from 11.36 percent in 2011 and in excess of the government’s “target” for overpayments of 9.66 percent.

The DOL states that most of the data reported on its paymentaccuracywebsite was for the federal government’s fiscal year, which runs from Sept. 30 to Oct. 1, but that some data may have come from calendar year tabulations, which is why the department “used the term fiscal reporting year to best describe the time period in which the most current information was reported.”

The data also show that improper unemployment insurance payments increased steadily between 2009 and 2012, from 10.3 percent to 12 percent, respectively.

That percentage dropped 0.6 percent between 2011 (12 percent) and 2012 (11.4 percent), according to the DOL, which consequently forecasts that improper payments will fall below 10 percent in 2013 and 2014.

Gaylord Catfish said:

Rick Santelli Responds to Negative GDP Report: 'We Are Now Europe'

By Noel Sheppard | January 30, 2013

Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year.

"We are now Europe," he declared on CNBC's Squawk Box.

"Hey Joe," Santelli said, "when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we're in Europe. They have the same discussions constantly."

"They’re always doing the right thing," he continued. "They’re always thinking they know better. And this is the kind of growth. We have become Europe. We are now Europe."

Steve Liesman pushed back, “We reduced federal spending, government spending by 15 percent. Which part of that’s not Europe don’t you get?”

“And why do we need to reduce government spending?” asked Santelli. “Because we run trillion dollar deficits for crying out loud.”

Video here:

Read more: http://newsbusters.org/blogs/noel-s...ve-gdp-report-we-are-now-europe#ixzz2JV6YiStC

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Do YOU think America is "just like Europe" now?

vetteman said:

Just don't understand how come all of Rob's neighbors are hating on the President


67 Percent of Texas Republicans Want Obama Impeached
By Noel Sheppard |

January 30, 2013

If Democrats are serious about trying to turn Texas blue, they should get a gander at a just-released poll of Lone Star State voters that found 67 percent of Republican respondents support the impeachment of President Obama.

Of greater concern for liberals: the poll was conducted by the left-leaning Public Policy Polling. As a whole, Texans opposed impeachment 50 percent to 39 percent.

But in the crosstabs, PPP broke this down by party affiliation with Democrats opposed 83 percent to 12 percent, Republicans in favor 67 percent to 18 percent, and Independents opposed 54 percent to 32 percent.

Amazing that even 12 percent of Democrats support impeachment.

Also interesting was the racial breakdown concerning this issue with Whites supporting impeachment 48 percent to 41 percent, Blacks opposed 80 percent to 15 percent, and Hispanics opposed 58 percent to 30 percent.

Again, it's amazing that even 15 percent of Blacks would support his impeachment.

It was also fascinating to see the breakdown by age as people older than 65 supported impeachment 46 percent to 38 percent, folks 46 to 65 opposed 46 percent to 42 percent, and people 18 to 45 opposed 66 percent to 27 percent.

So in Texas, the older you are, the more likely you want Obama impeached.

Something else to consider is that 56 percent of respondents were women with 44 percent men.

As women were far more likely to oppose impeachment (53 percent to 36 percent) than men (46 percent to 41 percent), a more equal sampling of the sexes would have found a greater percentage of Texans supporting impeachment.

Read more: http://newsbusters.org/blogs/noel-s...epublicans-want-obama-impeached#ixzz2JW20j0dz

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I find that strange given that that same org just published a report that said around 75% of all Texans don't want Perry running again for governor. Maybe it was the same report but your source was concerned only about numbers for Obama. The Republicans can only dream of Obama's impeachment, which is kind of pitiful.

Going up in smoke right before our very eyes...

US pension insurer warns of rising deficit

The finances of the US’s multi-employer pension schemes have deteriorated so quickly over the past year that the body that insures them will almost certainly run out of cash in 20 years, according to a new report.

The chances of the Pension Benefit Guarantee Corporation – the publicly created but privately funded body that insures the nation’s occupational pension schemes – going bust went from 1 in 3 at the end of 2011 to more than 9 in 10 by the end of 2012, a report prepared for the PBGC and released on Tuesday said.

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http://www.ft.com/cms/s/0/20429caa-...inks/rss/world_us/feed//product#axzz2JW99iZ5T

vetteman said:

67 Percent of Texas Republicans are butthurt whining crybabies who hate democratic outcomes.
By Noel Sheppard |

January 30, 2013

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Texas Republicans don't think they should have to follow the results of a democratic election. This is not news.

PPP likes to drop these questions in their polls to make conservatives look like idiots. This is the same pollster that came out with the bit about 46% of Mississippi Republicans approve of making interracial marriage illegal. Vette doesn't know when he's being mocked.