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

[IrezumiKiss]

What happened AJ? The market took a turn for the better and you suddenly went away, then started waxing poetic about Spain and Mexicans.

All in all a pretty down in the dumps day for you yesterday huh Cap'n Fail?

He still has his Ayn Rand blowup doll to cuddle next to, though...



ilaughed

(((iPad)))

 

[jeninflorida]

Unemployment entitlements is the new obama plan for being employed

In other welcome news, it looks like Congress is going to keep extending benefits...




Let's hope China still has loan money...





Change we can beg for.

 

[IrezumiKiss]

Unemployment entitlements is the new obama plan for being employed

http://farm4.static.flickr.com/3590/3447473218_16ec086ac3.jpg

 

[unregistered]

 

[Ulaven_Demorte]

But don't worry, government workers are fat, sassy, and safe.


April mass layoffs rise led by manufacturing


(Reuters) - The number of mass layoffs by U.S. employers rose in April led by manufacturers who shed workers even as the economy began to recover.

The Labor Department said the number of mass layoff events -- defined as job cuts involving at least 50 people from a single employer -- increased by 228 to 1,856 as employers shed 200,870 jobs on a seasonally adjusted basis.

The number of mass layoffs in the manufacturing sector totaled 448 resulting in 63,616 initial jobless benefit claims, the department said. That was more than 24,000 higher than the previous month, but well below the 125,000 initial jobless claims in the manufacturing sector a year ago.

http://www.reuters.com/article/idUSTRE63F2NT20100521

Even your linked article mentions that job creation is a lagging indicator of the already underway economic recovery.
It also mentioned that jobless claims in the manufacturing sector were about half what they were a year ago.

We're DOOMED! DOOMED!

 

[unregistered]

 

[Ulaven_Demorte]

Government ranks are swelling and they are safe, while their employers are left to whither.

*yawn*
Another myth of the right..

The vast majority of the jobs being created and saved are private sector, not government.

 

[unregistered]

 

[firespin]

*yawn*
Another myth of the right..

The vast majority of the jobs being created and saved are private sector, not government.

So your thought is private sector employment job losses in the past two years are not as bad as public sector job losses, as measured on a percentage basis?

Tell me you're not that stupid.

 

[IrezumiKiss]

So your thought is private sector employment job losses in the past two years are not as bad as public sector job losses, as measured on a percentage basis?

Tell me you're not that stupid.

I agree, talk is pretty cheap.

Prove him wrong with one or two of your irrefutable stats or charts or graphs or diagrams like you usually do. He'll never recover from that killing blow.

 

[Ulaven_Demorte]

So your thought is private sector employment job losses in the past two years are not as bad as public sector job losses, as measured on a percentage basis?

Tell me you're not that stupid.

No little Firespun. I was addressing the myth Vetteman was perpetuating that the jobs that were lost are being replaced somehow with "gubmint jobs". In typical fashion, you would much rather decide that I said something completely different then proceed to beat your lovingly constructed straw man to smithereens.

I'll try to restrain myself to using only one or two syllable words when I know you're going to try to interpret my meaning. It may save us both some time.

 

[Frisco_Slug_Esq]

What happened AJ? The market took a turn for the better and you suddenly went away, then started waxing poetic about Spain and Mexicans.

All in all a pretty down in the dumps day for you yesterday huh Cap'n Fail?

You mean the market that used to be at 11,000 and had gone into the black for the year with great fanfare and celebration from the MSM's White House stenography pool?

The one that managed once again to climb over 10,000 and still languishes in the red for the year?

That's *good* news? That's the kind of day that SHOULD depress anyone but a partisan searching for the cloud's silver lining as the funnel drops and rips up the town...

Hey, have you seen the commercial loan default rate?

When Obama was dumping all that money into staving off foreclosures and rescuing the housing market, we told you manufacturing would pick up after six months, by design, just to get through this election cycle with as little loss as possible. Now that the money has run out and foreclosures are up, towards the fall, big ticket orders are going to fall too. Why build when you can buy firesale?

Unemployment "unexpectedly" went back up, ostensibly because people are "hopeful" (probably on the low-end, you know, the Democratic voters, the mouth-breathers and illegals, hell the latter group is REALLY stoked...) and this month a whole new group of Obama voters are going to take sheepskin in hand and go looking for all the transformative green jobs that Spain convinced Obama was the way of the future...
__________________

"Why are you here?"

"To get some money."

"What kind of money?"

"Obama money."

"Where's it coming from?

"Obama."

"And where did Obama get it?"

"I don't know... his stash, I don't know. I don't know where he got it from, but he's givin' it t'us to help us. We love him. That's why we voted for him... Obama! Obama!"

 

[Frisco_Slug_Esq]

*yawn*
Another myth of the right..

The vast majority of the jobs being created and saved are private sector, not government.

Define, again for us, the Obama myth of the "created or saved" job...

 

[RobDownSouth]

There you go again AJ....Acc-cent-chew-ate the negative!

You can find a black lining in any silver cloud!

How did you like the Libertarian Coming Out party this week?

"I just won a nomination...whar's my honeymoon period?"

 

[Frisco_Slug_Esq]

I'm sorry, what's the good news?




You have Obama's oil slick from his award winning and heavily waivered oil drilling platform, as the press is hyperventilating, about to DESTROY the domestic fishing industry of the Gulf, not to mention tourism to the beaches coupled with his once again accelerated CAFE standards, as well as the failure of California's green economy and the Democrat-controlled Congress needing to pass even MORE jobs spending with borrowed money, an admission that their past spending splurge, which should now make it inherently embarrassing to dare to call George Bush and the Republicans big spenders (especially with Afghanistan now proving to be more expensive than Iraq with even less result), was a complete and utter failure, and now it's what? my duty as a patriot to ignore that and join in with you on stage for the High School reunion tour of "Annie?"

OHHHhhh...,

The sun'll come up tomorrow,
Betcher bottom dollar that tomorrow,
There'll be wealth,
Tomorrow! Tomorrow!
We're all saved tomorrow,
It's only a pray away!

__________________
If you still have a job, it was "saved." If you don't have a job, it's being "created."
A_J, the Incredulous

 

[RobDownSouth]

AJ is such a fearful little man

Keep pilin' it on AJ!

America is a scary place now that we don't have Dubya to lead us to the promised land!

Best you hide under the bed until 2016...at least.

 

[Frisco_Slug_Esq]

From zero to Dubya in 6 seconds...




A new partisan record.

 

[jlss35]

You mean the market that used to be at 11,000 and had gone into the black for the year with great fanfare and celebration from the MSM's White House stenography pool?

The one that managed once again to climb over 10,000 and still languishes in the red for the year?

That's *good* news? That's the kind of day that SHOULD depress anyone but a partisan searching for the cloud's silver lining as the funnel drops and rips up the town...

Hey, have you seen the commercial loan default rate?

When Obama was dumping all that money into staving off foreclosures and rescuing the housing market, we told you manufacturing would pick up after six months, by design, just to get through this election cycle with as little loss as possible. Now that the money has run out and foreclosures are up, towards the fall, big ticket orders are going to fall too. Why build when you can buy firesale?

Unemployment "unexpectedly" went back up, ostensibly because people are "hopeful" (probably on the low-end, you know, the Democratic voters, the mouth-breathers and illegals, hell the latter group is REALLY stoked...) and this month a whole new group of Obama voters are going to take sheepskin in hand and go looking for all the transformative green jobs that Spain convinced Obama was the way of the future...
__________________

Where to begin. Oh I know, brevity.

1. You recall that TARP ($800b off-budget emergency legislation, not factored into FY09 deficit which concluded 9.30.09) was Paulson creation, right?;

2. "The market." Given the way we know Wall Street operates, having served as a top-3 contributor to the fiscal and household disaster we were in when Obama was sworn in, it's probably unwise for anyone to look at the DJIA on a daily basis for reassurance (or the reverse) as to the state of the economy as a whole. Wall Street is wholly detached from the way we live our lives. Nonetheless, since you brought it up.. even with the DJIA off 4% last week it is flat for the year, and up about 30% from the 3/2009 lows. Interestingly, if you look at a 10-year chart of the DJIA, you'll see it is essentially dead flat over that period. Who was steering the ship during most of that time, again? Can we agree that Bush's plan to shift a portion of SSI from the trust into individual "savings" accounts is, in hindsight, one of the most poorly thought out exercises we may have ever seen?;

3. The increase in the April 2010 U3 survey number actually was not expected. Since last summer predictions from the Street to the WH have been that we'll see 10% again without much trouble. Yes, nearly 1mm people started looking for work again in April 2010, accounting for the 20 basis point uptick in U3. Is that a bad thing, in your opinion? Reading your posts you seem to demonize those living "off of the government", while, conversely, when those "living off of the government" are counted as unemployed you criticize the easy-to-forecast uptick in U3; and finally

4. On unemployment I'll assume you're aware that the economy grew jobs at a rate of 290k in April 2010, right? And you also know that of the 290k, 231k were private sector, right? Further, you're aware that we have now had 3 consecutive months of job growth, for the first time since 2006, right?

Remind me again what part of getting people back to work is a bad thing? Unless you are so filled with misplaced hatred/anger/<insert adj. here> about the President, and want to see him fail regardless of the costs to our fellow citizens, I struggle with the logic behind your posts.

 

[jlss35]

From zero to Dubya in 6 seconds...




A new partisan record.

Can't ignore the past. It's like asking Jews to forget the Holocaust ever happened... "just move along, nothing to see here."

We know that Bush turned a $5T debt into one closer to $11T. How? $1.6T in unfunded, non-off-set tax cuts (01/03 through reconciliation); $500Bn in unfunded, non-off-set medicare part d (through reconciliation); $800bn in TARP (nice last hurrah); at least $1T (likely we'll never know), in "emergency" war supplementals (off-budget, not offset). That's almost $4T, which leads me to believe that either: a) the additional $1.2-1.5T rolled through in his FY09 $3.1T budget that ended on 9.30.09; b) CBO was wrong on the tax cut estimates; or c) I'm wrong in my war funding estimate.

I'm not here to blame Bush. I don't play that game. But again, we didn't run into fiscal problems magically on 1/20/09. This was a long time coming and to ignore the actions of prior administrations (Carter, Reagan, Bush Sr, Clinton and Bush Jr.) is just an intellectually dishonest exercise. Keep in mind, too, that each of the aforementioned Presidents went out of their way to lay certain blame at the feet of their predecessor.

 

[Frisco_Slug_Esq]

Can't ignore the past. It's like asking Jews to forget the Holocaust ever happened... "just move along, nothing to see here."

We know that Bush turned a $5T debt into one closer to $11T. How? $1.6T in unfunded, non-off-set tax cuts (01/03 through reconciliation); $500Bn in unfunded, non-off-set medicare part d (through reconciliation); $800bn in TARP (nice last hurrah); at least $1T (likely we'll never know), in "emergency" war supplementals (off-budget, not offset). That's almost $4T, which leads me to believe that either: a) the additional $1.2-1.5T rolled through in his FY09 $3.1T budget that ended on 9.30.09; b) CBO was wrong on the tax cut estimates; or c) I'm wrong in my war funding estimate.

I'm not here to blame Bush. I don't play that game. But again, we didn't run into fiscal problems magically on 1/20/09. This was a long time coming and to ignore the actions of prior administrations (Carter, Reagan, Bush Sr, Clinton and Bush Jr.) is just an intellectually dishonest exercise. Keep in mind, too, that each of the aforementioned Presidents went out of their way to lay certain blame at the feet of their predecessor.

Then you need to understand the past.

In the first years of the Bush administration, ol' Throb here DEMANDED we ignore the past, ignore Clinton, "suck it up" and hold Bush accountable for EVERYTHING that happened on his watch, because that's what REAL men do instead of pointing fingers at their predecessor...

Bill Clinton's administration ended in a recession?

Blame George Bush and the Republicans.

Now that Obama's turned an garden variety recession into a potential lost decade, we get, blame George Bush and the Republicans.

Seems that Throb and others are having a REAL hard time living up to their own definition of how REAL men behave when they have the reins of power...
__________________
"I tell you my biggest fear for Barack Obama, he has been sainted. He is Saint Barack. The same mainstream media that tried so desperately to get him elected has engaged in hyperbole, engaged in exaggeration. They have deified this man. ... They have set up such unrealistic expectations that no politician could meet those expectations."
Joe Scarborough

 

[RobDownSouth]

Shame on you senseless sensei!

Let's try not to put words in my mouth, AJ. M'kay?

 

[Frisco_Slug_Esq]

Where to begin. Oh I know, brevity.

1. You recall that TARP ($800b off-budget emergency legislation, not factored into FY09 deficit which concluded 9.30.09) was Paulson creation, right?;

2. "The market." Given the way we know Wall Street operates, having served as a top-3 contributor to the fiscal and household disaster we were in when Obama was sworn in, it's probably unwise for anyone to look at the DJIA on a daily basis for reassurance (or the reverse) as to the state of the economy as a whole. Wall Street is wholly detached from the way we live our lives. Nonetheless, since you brought it up.. even with the DJIA off 4% last week it is flat for the year, and up about 30% from the 3/2009 lows. Interestingly, if you look at a 10-year chart of the DJIA, you'll see it is essentially dead flat over that period. Who was steering the ship during most of that time, again? Can we agree that Bush's plan to shift a portion of SSI from the trust into individual "savings" accounts is, in hindsight, one of the most poorly thought out exercises we may have ever seen?;

3. The increase in the April 2010 U3 survey number actually was not expected. Since last summer predictions from the Street to the WH have been that we'll see 10% again without much trouble. Yes, nearly 1mm people started looking for work again in April 2010, accounting for the 20 basis point uptick in U3. Is that a bad thing, in your opinion? Reading your posts you seem to demonize those living "off of the government", while, conversely, when those "living off of the government" are counted as unemployed you criticize the easy-to-forecast uptick in U3; and finally

4. On unemployment I'll assume you're aware that the economy grew jobs at a rate of 290k in April 2010, right? And you also know that of the 290k, 231k were private sector, right? Further, you're aware that we have now had 3 consecutive months of job growth, for the first time since 2006, right?

Remind me again what part of getting people back to work is a bad thing? Unless you are so filled with misplaced hatred/anger/<insert adj. here> about the President, and want to see him fail regardless of the costs to our fellow citizens, I struggle with the logic behind your posts.

Paulson, the ultimate insider Democrat money man. The man who created the stampede (all on his own). And everything that was enacted to save our economy was something Senator Obama voted for, so it would be disingenuous if we were to say, "It's a Republican problem." No? Because that's exactly how ol' Throb thinks...

And getting back to history, any time jobs went up under Bush, it was simply dismissed as burger-flipping jobs.

So, just tell me how great these jobs are that are being added...

 

[Frisco_Slug_Esq]

Let's try not to put words in my mouth, AJ. M'kay?

We are all shocked into humble admiration at the depth and breadth of your quick wit...

 

[jlss35]

Paulson, the ultimate insider Democrat money man. The man who created the stampede (all on his own). And everything that was enacted to save our economy was something Senator Obama voted for, so it would be disingenuous if we were to say, "It's a Republican problem." No? Because that's exactly how ol' Throb thinks...

And getting back to history, any time jobs went up under Bush, it was simply dismissed as burger-flipping jobs.

So, just tell me how great these jobs are that are being added...

Read the BLS report and judge for yourself.

I think you're confusing Henry (Hank) Paulson (Bush's TreasSec) with John Paulson (hedge fund manager.) Bit of a difference.

 

[RobDownSouth]

Read the BLS report and judge for yourself.

I think you're confusing Henry (Hank) Paulson (Bush's TreasSec) with John Paulson (hedge fund manager.) Bit of a difference.

*laughing* he DID get confused!

Oh well, we're talking about a man who routinely uses the words "fascism" "socialism" "communism" and "Nazism" interchangeably....