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

[koalabear]

Stocks waver on euro worries

Updated: 09/28/2011 12:35 ET
DOW 11,213.32 +22.63

 

[koalabear]

Updated: 09/28/2011 01:32 ET
DOW 11,150.54 -40.15

 

[koalabear]

Stocks falter as early rally fades

Updated: 09/28/2011 02:09 ET

DOW 11,098.96 -91.73

NASDAQ 2,512.70 -34.13

S&P 1,160.66 -14.72

 

[busybody..]

More

NIGGER

MAFF

More

NIGGER OM ICKS!

Obama’s DOE Mulls $6.5 Billion In “Green Energy” Loans To Create 283 Jobs…




Which comes out to almost $23 million per job.


(IBD) — The Department of Energy is set on Thursday to announce whether nine federal loan guarantees amounting to $6.5 billion for green energy projects will get final approval.

The number of full-time, permanent jobs they would create? According to the DOE’s own figures, a grand total of 283. That is nearly $23 million per job.

It’s also a drop in the bucket toward the five million green jobs President Obama promised as a candidate in 2008.

It’s not clear how many of the loans will get approved. The DOE refused comment prior to the Thursday announcements.

In the last week, the DOE has approved three loans totaling $624 million and creating 110 permanent jobs. But two other big loan projects totaling nearly $2 billion reportedly fell through.

 

[busybody..]

Read and WEEP

Obama rips U.S. Constitution

Faults Supreme Court for not mandating 'redistribution of wealth'

--------------------------------------------------------------------------------
Posted: October 27, 2008
1:46 pm Eastern

© 2011 WND








Seven years before Barack Obama's "spread the wealth" comment to Joe the Plumber became a GOP campaign theme, the Democratic presidential candidate said in a radio interview the U.S. has suffered from a fundamentally flawed Constitution that does not mandate or allow for redistribution of wealth.

In a newly unearthed tape, Obama is heard telling Chicago's public station WBEZ-FM in 2001 that "redistributive change" is needed, pointing to what he regarded as a failure of the U.S. Supreme Court under Chief Justice Earl Warren in its rulings on civil rights issues in the 1960s.

The Warren court, he said, failed to "break free from the essential constraints" in the U.S. Constitution and launch a major redistribution of wealth. But Obama, then an Illinois state lawmaker, said the legislative branch of government, rather than the courts, probably was the ideal avenue for accomplishing that goal.







In the 2001 interview, Obama said:

If you look at the victories and failures of the civil rights movement and its litigation strategy in the court, I think where it succeeded was to invest formal rights in previously dispossessed people, so that now I would have the right to vote. I would now be able to sit at the lunch counter and order and as long as I could pay for it I’d be OK

But, the Supreme Court never ventured into the issues of redistribution of wealth, and of more basic issues such as political and economic justice in society. To that extent, as radical as I think people try to characterize the Warren Court, it wasn't that radical. It didn't break free from the essential constraints that were placed by the Founding Fathers in the Constitution, at least as it's been interpreted, and the Warren Court interpreted in the same way, that generally the Constitution is a charter of negative liberties. Says what the states can't do to you. Says what the federal government can't do to you, but doesn't say what the federal government or state government must do on your behalf.

And that hasn't shifted and one of the, I think, tragedies of the civil rights movement was because the civil rights movement became so court-focused I think there was a tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalition of powers through which you bring about redistributive change. In some ways we still suffer from that.


Read more: Obama rips U.S. Constitution http://www.wnd.com/?pageId=79225#ixzz1ZH92KeqB

 

[busybody..]

Obama’s Jobs Plan: $1.6 Million Per Job

September 28, 2011 2:52 P.M.



So the White House is touting a Bloomberg piece with the favorable headline: “Obama’s Jobs Plan Prevents Election Year Recession in Survey of Economists.” You can certainly expect to hear this line repeated as the president continues to campaign for reelection tout his jobs package in swing-states across the country, urging Congress to “pass this bill.”

But while the White House team evidently stands by this Bloomberg survey, they are probably hoping you won’t read past the headline. In fact, according to the median estimate of the 34 economists surveyed, the president’s jobs bill would “add or keep” 275,000 jobs in 2012, and just 13,000 in 2013.

That comes out to a total of 288,000 jobs ‘kept or added’ over the next two years. That figure is far more sobering (and credible) than the Democrats’ economist du jour Mark Zandi’s extravagant prediction that the president’s bill would add 1.9 million in 2012 alone. Obama’s bill, meanwhile, carries a $447 billion price tag, which works out to a little more than $1.6 million for every job ‘kept or added.’

On the plus side, that is significantly better than the $23 million-per-job the Department of Energy has “invested” as part of the loans program that helped finance Solyndra. But it’s still hard to see how spending $447 billion to create 288,000 jobs over two years is an efficient way to foster economic growth. Either way, at this point, almost three years into the Obama presidency, when even Democrats admit they own the economy, isn’t ‘avoiding a return to recession’ a pretty low bar?

House Speaker John Boehner (R., Ohio) has said the House is willing to consider elements of the president’s jobs bill. But as he also pointed out in a recent speech at the Economic Club in Washington, D.C., the majority of the president’s proposals “are a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America.”

 

[koalabear]

Stocks slide after early rally fades

Updated: 09/28/2011 04:08 ET

DOW 11,010.90 -179.79

NASDAQ 2,491.58 -55.25

S&P 1,151.06 -24.32

 

[4est_4est_Gump]

HEY! We might cross that psychologically important 11K metric today!




SEPTEMBER 29, 2011 4:00 A.M.
Euro-Collapse
Conrad Black, NRO
It was predictable.

The admirable Seth Lipsky of the New York Sun, formerly of the Wall Street Journal and the (English-language) Jewish Forward, seems to be the first American commentator since Walter Lippmann to recognize the prescience, in post–World War II matters, of Charles de Gaulle. He was referring especially to de Gaulle’s recommendation of a restored gold standard as de Gaulle and his chief economic adviser, Jacques Rueff, feared what would happen to the world’s currencies if they were valued only in relation to one another.

Their fear was not misplaced; the U.S. dollar, euro, and yen are all engaged in wholesale inflation, thinly disguised by phony calculations of domestic inflation and by relatively stable relationships between one another, because they are in almost free fall together, like three mountain climbers all sliding down the face of the peak and toward a hard landing.

As Ron Paul pointed out to Federal Reserve chairman Ben Bernanke a few weeks ago, in eight years the U.S. dollar has lost 85 percent of its value opposite an ounce of gold, and this is not the roseate picture revealed by official inflation figures.

I am not convinced that a return to the gold standard is the answer, as gold is an impractical metal and this would confer undue economic influence on speculators, prospectors, and mining engineers. My suggestion is for a composite standard: one-third gold, one-third oil, and one-third a basic consumer-price, essential-spending, basket. Any such yardstick will reveal the distressing crash of the value of units of currency and anything producing a fixed yield: It is a tale not only of scandalous official profligacy and failed stewardship of the value of savings and many categories of investment, but also of official dissembling, misinformation, and pusillanimity.

 

[Wat_Tyler]

Is 11K the New Line of Death?

 

[4est_4est_Gump]

Is 11K the New Line of Death?

No, I am assuming it will be 9K...

 

[Wat_Tyler]

No, I am assuming it will be 9K...

Do I hear seventy-five hundred???

 

[4est_4est_Gump]

We'll get a bump as Capital flees Europe, but it will just be the bump of the iceberg coming...

HOME!​

To ROOST!​

 

[koalabear]

Stocks spike on strong economic data
Jobless claims fall more than expected. A revised GDP reading shows improvement. Traders cheer Germany's approval of a measure to expand the eurozone rescue fund. Gold and oil rise

Updated: 09/29/2011 11:08 ET
DOW 11,161.47 +150.57
NASDAQ 2,488.60 -2.98
S&P 1,160.26 +9.20

 

[Beco]

By Associated Press,
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a “national crisis” and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

Bernanke noted that about 45 percent of the unemployed have been out of work for at least six months.

 While total employment is expected to increase by 15.3 million, or 10 percent, from 2008 to 2018, the number of jobs in certain industries will decrease significantly, according to the Bureau of Labor Statistics.

“This is unheard of,” he said in a question-and-answer session after a speech in Cleveland. “This has never happened in the post-war period in the United States. They are losing the skills they had, they are losing their connections, their attachment to the labor force.”

He added: “The unemployment situation we have, the job situation, is really a national crisis.”

Bernanke said the government needs to provide support to help the long-term unemployed retrain for jobs and find work. And he suggested that Congress should take more responsibility.

Responding to a question, Bernanke said long-term unemployment, budgetary discipline and housing policy were the three most important areas where Congress could contribute to an economic recovery.

“There are certainly some areas where other policymakers could contribute,” he said

 

[Sean Renaud]

To be fair we need to get together and figure out what we're going to do in a few years when we simply have less jobs. Are we going to starve the population into check or are we going to set up a "welfare" state for those who aren't awesome cus we're rapidly getting to the point where less people are needed to keep this bitch moving.

 

[mercury14]

HEY! We might cross that psychologically important 11K metric today!

We crossed it yesterday. Not much of an investor I take it?

 

[koalabear]

We crossed it yesterday. Not much of an investor I take it?

You aren't MORON, the magic line is 1200.

 

[mercury14]

By Associated Press,
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a “national crisis” and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

Bernanke noted that about 45 percent of the unemployed have been out of work for at least six months.

 While total employment is expected to increase by 15.3 million, or 10 percent, from 2008 to 2018, the number of jobs in certain industries will decrease significantly, according to the Bureau of Labor Statistics.


“This is unheard of,” he said in a question-and-answer session after a speech in Cleveland. “This has never happened in the post-war period in the United States. They are losing the skills they had, they are losing their connections, their attachment to the labor force.”

He added: “The unemployment situation we have, the job situation, is really a national crisis.”

Bernanke said the government needs to provide support to help the long-term unemployed retrain for jobs and find work. And he suggested that Congress should take more responsibility.

Responding to a question, Bernanke said long-term unemployment, budgetary discipline and housing policy were the three most important areas where Congress could contribute to an economic recovery.

“There are certainly some areas where other policymakers could contribute,” he said

Labor retraining programs have been effective in Europe. We might have to go that route. Legions of unemployed people are sitting around waiting for their jobs to come back and they're not going to.

This ties into the housing crash as well. Heaps of people are living in homes that are worth much less than they paid for them. They can't easily move to another town for work without financially ruining themselves.

 

[RobDownSouth]

We crossed it yesterday. Not much of an investor I take it?

AJ is the most successful investor in Literotica history, he has mastered the art of timing the market. He's a paper billionaire.

 

[unregistered]

 

[mercury14]

Any word on why AJ made another Alt?

 

[unregistered]

 

[Beco]

Labor retraining programs have been effective in Europe. We might have to go that route. Legions of unemployed people are sitting around waiting for their jobs to come back and they're not going to.

This ties into the housing crash as well. Heaps of people are living in homes that are worth much less than they paid for them. They can't easily move to another town for work without financially ruining themselves.

What towns have work?

 

[koalabear]

What towns have work?

MercMORON is an expert in everything. He gets his info straight from Soros. He is especially good at unplugging toilets.

 

[Beco]

MercMORON is an expert in everything. He gets his info straight from Soros. He is especially good at unplugging toilets.

Reality says differently....the rise of life coaches and food trucks should tell you something....