Why Isn't Obama Fixing the Economy??

[Sonny Limatina]

Oh, wait. He is:

Leading Indicators Point To Continued Recovery
December 17, 2009
npr.org

A forecast of U.S. economic activity rose for the eighth straight month in November, a private research group said, signaling the economic rebound will continue next year.

The Conference Board said its index of leading economic indicators rose 0.9 percent last month, up from 0.3 percent in October.

The latest reading beat the 0.7 percent rise that economists surveyed by Thomson Reuters had expected.

Separately Thursday, the Philadelphia Federal Reserve Bank said its index of factories in the Mid-Atlantic region rose to 20.4 — a 4 1/2 year high — from 16.7 in November, Reuters reported. The closely watched index is one of the first indicators of the health of the U.S. manufacturing sector.

The Conference Board said six of the 10 indicators it uses for the LEI index increased last month.

Improvements in financial conditions, housing permits and the labor market boosted the index last month, said Conference Board economist Ataman Ozyildirim.

A separate measurement of the growth rate forecast over the past six months has slowed, however. In the half-year through November, the index grew at a 4.7 percent pace, down from the 5.9 percent pace in the half-year through September and the 5.2 percent pace through October.

Economists are worried about whether economic growth in 2010 will match that of the second half of this year with unemployment high, credit still tight and the effects of government stimulus programs ending.

The economy grew at a 2.8 percent pace in the third quarter. Many economists say gross domestic product will grow between 3 and 4 percent for the current quarter.

The Conference Board forecasts economic activity by measuring claims for unemployment aid, stock prices, consumer expectations, building permits for private homes, the money supply and other data.

 

[koalabear]

90% per cent of what we buy is made in China. The US economy is based on spending. Go spend.

 

[unregistered]

 

[Worm]

I might as well take a $30,000 advance on one of my credit cards and claim I made $30,000 this week.

 

[unregistered]

 

[Killswitch]

Tell it to these folks:

New jobless claims rise unexpectedly



By MARTIN CRUTSINGER

WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation's battered labor market proceeds in fits and starts.

The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week, up 7,000 from the previous week. That was a worse performance than the decline to 465,000 that economists had expected.

http://apnews.myway.com/article/20091217/D9CL3AOG1.html

How would you put 5 million people to work, Mr Helpy Helperton?

And making 50 cents a day posting on a porn board doesn't count.

 

[IrezumiKiss]

90% per cent of what we buy is made in China. The US economy is based on spending. Go spend.

Hoo-RAY! We can start living like it's 2002-2008 all over again, when we were spending and life was "good!"

 

[koalabear]

Hoo-RAY! We can start living like it's 2002-2008 all over again, when we were spending and life was "good!"

Exactly, except with Obama money.

 

[paganangel]

fixing this economy is a mistake. it needs to be rebuilt. keep it together in the meantime, but we need a lot more than a few spare parts. this is a systemic problem.

 

[rosco rathbone]

90% per cent of what we buy is made in China. The US economy is based on spending. Go spend.

Can't. No money. No job.

Where are the jobs?

 

[koalabear]

Can't. No money. No job.

Where are the jobs?

China.

 

[JustSkye]

China.

and India

the Philippines

Mexico...

 

[off2bed]

Lots of web opportunities in Russia, apparently.

 

[Luk]

Tell it to these folks:

New jobless claims rise unexpectedly



By MARTIN CRUTSINGER

WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation's battered labor market proceeds in fits and starts.

The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week, up 7,000 from the previous week. That was a worse performance than the decline to 465,000 that economists had expected.

http://apnews.myway.com/article/20091217/D9CL3AOG1.html

Damn, I guess I should tell the 3 guys I hired a couple weeks ago and the one I'm hiring tomorrow to go back on unemployment as to not fuck up the curve.

 

[IrezumiKiss]

China.

and India

the Philippines

Mexico...

Hmmm...*scratches scalp*

why IS that, I wonder? Why couldn't we have kept the jobs here? Why did we outsource our jobs to other countries that have cheaper, more exploitable labor by minorities to give greater dividends to the upper class shareholders of companies and corporations residing stateside? Why did we...we...we...

 

[unregistered]

 

[off2bed]

You mean 15,000,000 don't you?

Rescind the last Minimum Wage increase, cancel capital gains and corporate taxes for two years, cut income taxes for two years.

Institute the Fair Tax.

 

[koalabear]

Hmmm...*scratches scalp*

why IS that, I wonder? Why couldn't we have kept the jobs here? Why did we outsource our jobs to other countries that have cheaper, more exploitable labor by minorities to give greater dividends to the upper class shareholders of companies and corporations residing stateside? Why did we...we...we...

Ask Government Motors, the Union was so helpful to them.

 

[rosco rathbone]

You mean 15,000,000 don't you?

Rescind the last Minimum Wage increase, cancel capital gains and corporate taxes for two years, cut income taxes for two years.

What do you think of the VAT?

 

[Killswitch]

You mean 15,000,000 don't you?

Rescind the last Minimum Wage increase, cancel capital gains and corporate taxes for two years, cut income taxes for two years.

lol......oh so it's the poor people making less than 15 grand a year and 7 dollars an hour that are messing up the economy.


Cut taxes for the rich, and cut wages for the poor.


Got it.

 

[koalabear]

What do you think of the VAT?

Just increases the prices.

 

[rosco rathbone]

Just increases the prices.

I was reading something that made a good case for cutting corporate and income tax and going to a VAT system but I don't have my head all the way around it.

 

[koalabear]

I was reading something that made a good case for cutting corporate and income tax and going to a VAT system but I don't have my head all the way around it.

VAT is just added to the price and the consumer is screwed again.

 

[Sonny Limatina]

Tell it to these folks:

New jobless claims rise unexpectedly



By MARTIN CRUTSINGER

WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation's battered labor market proceeds in fits and starts...

http://apnews.myway.com/article/20091217/D9CL3AOG1.html

From WSJ's article about the same subject:

While the results were worse than expected--economists surveyed by Dow Jones Newswires had expected claims would fall by 9,000--analysts weren't concerned by the figures.

"We have seen lately that initial claims have generally been on a downtrend for the past few months," said Wall Street Strategies analyst David Urani. "I'm not particularly worried they went up this week because they'll do that on a week-to-week basis."

He added that claims are still below 500,000, which is better than most of the year.

"In general, we're seeing that sort of less-bad scenario in employment," Urani said.

 

[tinylittlegnat]

Can't. No money. No job.

Where are the jobs?

http://i.somethingawful.com/u/petey/comedygoldmine/2009a/march/deephurting/editorial_20090228157.gif