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Obama would sell naming rights to Michelle's sneakers for an 8.3% unemployment rate right about now.
What happened to all of the doom and gloom economic threads?
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Keep reading.
Obama would sell naming rights to Michelle's sneakers for an 8.3% unemployment rate right about now.
jeninflorida
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so tell me, how is it that you accept bad leadership? why is it acceptable when obama uses as an excuse "this is bush's fault" or "it could be worse"
do you ever look into the future?
i mean more than just, "hey, maybe its time that I move out of mom's basement"
...but to having a leader in the white house?
I'm just asking
richard_daily
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So, it wasn't the democratic congress that brought those numbers down?
It's interesting how the baseline changes whenever you want to make a point.
richard_daily
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jeninflorida
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Who was in charge of congress those years? Sure it wasn't split between the House and Senate?
Or is your thinking that Reagan is in charge of deficits, and Congress is in charge of unemployment rate?
jeninflorida
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richard doesn't like to talk about the truth, or reality. he lives in 5150 land and only watches MSNBC and is very upset that he didn't record more of Keith....
this has been a very sad week for Richard..... sad
richard_daily
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My point is; people are crying that the sky is falling because of 8.6% unemployment, Reagan had worse. You then deflected, backpedaled, and ducked.
If the sky wasn't falling then, it isn't now.
Your choice, but be consistent.
richard_daily
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if only you were a man
I'm just saying, you are not a man
You can go look at my pictures if you want dude. It's ok, ishmale and vetteman did, you're in "good" company.
jeninflorida
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you are the master, of not being consistent (other than your 5150 rant)...
you stand for nothing other than "love of the dem" and hate for "Rep" but what ever. reality sucks, keep on living at home and stay out of the real world
jeninflorida
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I'm sure you got the picture from a gay web site...its okay, come out of your mothers closet
I wasn't crying about anything. And it's 9.6 but who's counting.
I do think Obama's policies keep unemployment needlessly high while simultaneously increasing the deficit, so that's sort of sucky.
It's not unrealistic to expect that employment should be improving at a rate like what happened under Reagan following the peak month, but that's not at all what's happening.
Here's the 1982 recession graphic; notice how it goes down almost as fast as it went up? (And all other recessions in this really big chart are similar, actually.)
http://www.thefundamentalanalyst.com/wp-content/uploads/2009/11/US-unemployment-rate-Oct091.gif
Here's the current recession graphic. Notice the long flat top?
http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=bar&graph_id=0&category_id=&&width=525&height=315&bgcolor=%23cccc99&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ge&assad=1&id=UNRATE&transformation=lin&scale=Left&range=Custom&cosd=2007-12-01&coed=2010-10-01&line_color=%23660000&link_values=&mark_type=&mw=&line_style=&lw=&vintage_date=2010-11-05&revision_date=2010-11-05&mma=0&nd=&ost=&oet=&fml=a&fq=Monthly&fam=avg
That's the problem.
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IrezumiKiss
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Oh NOW 8.3% unemployment is a good thing.
http://cache.gawker.com/assets/images/comment/39/2010/10/83e9bb74636bdead808483ec508fd63d/original.gif
Uhh...you are?
ooops...my bad...that was a rhetorical question, right?
Because I'm expecting 2010 = 1982.
Lucky me I was around in 1982 to know the difference instead of the '90s-born hipsters of today just aping the fashion styles and looking at how it used to be through YouTube! I love this nostalgia math!
koalabear
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Different Market, Different Reaction
As of this moment, the markets continue to be schizophrenic now that QE2 is official. Some markets dread the inflationary potential of this policy, which is why gold is up, the dollar is down, and the US Treasury bond market is selling off. Some US stock markets set new highs for the year yesterday, on the belief that only a fool would stand in the way of free money being poured into stocks by the Fed. “Don’t fight the Fed” has been a hallmark of stock traders for decades now, so why not follow what has always worked in the past, especially now that the Fed has explicitly stated that its goal is to get stock prices higher.
U.S. stocks have shot higher and higher since September 1 when QE2 was first announced, and there has been no significant correction to this advance. More unusual still is the fact that corporate CEOs have been relentlessly selling their stock for months now; the ratio of insider stock sales to purchases each week has been running as high as 1,000:1, which has never been experienced before. Insider selling is always a reliable sign of a stock market at its peak. At the same time, retail Mom and Pop investors have been deserting this market every week since Spring, which is again a highly unusual circumstance and one the stock market would never have ignored in the past. There are so many other unusual circumstances to this stock market that it is hard to pick out the most alarming, but one that everyone has noticed is that we have gone the longest period on record where the stock market is rising but the bond market is falling. Always in the past, the stock market could not advance if the bond market was expressing fear about inflation or the economy, which it has been for months now.
These type of discrepancies always get rectified, and the longer they go on the worse the reaction for the stock market. We are very overdue for that reaction by almost every technical and sentiment indicator that is published, and we have gone so long now without even a modest correction that the sell-off is going to be brutal. It is going to look as if the market is rejecting QE2, or at least it will look that way temporarily if the sell-off is a short term correction rather than a new leg down in a bear market.
http://www.economicpopulist.org/content/qe2-binge-inflation-horizon
As of this moment, the markets continue to be schizophrenic now that QE2 is official. Some markets dread the inflationary potential of this policy, which is why gold is up, the dollar is down, and the US Treasury bond market is selling off. Some US stock markets set new highs for the year yesterday, on the belief that only a fool would stand in the way of free money being poured into stocks by the Fed. “Don’t fight the Fed” has been a hallmark of stock traders for decades now, so why not follow what has always worked in the past, especially now that the Fed has explicitly stated that its goal is to get stock prices higher.
U.S. stocks have shot higher and higher since September 1 when QE2 was first announced, and there has been no significant correction to this advance. More unusual still is the fact that corporate CEOs have been relentlessly selling their stock for months now; the ratio of insider stock sales to purchases each week has been running as high as 1,000:1, which has never been experienced before. Insider selling is always a reliable sign of a stock market at its peak. At the same time, retail Mom and Pop investors have been deserting this market every week since Spring, which is again a highly unusual circumstance and one the stock market would never have ignored in the past. There are so many other unusual circumstances to this stock market that it is hard to pick out the most alarming, but one that everyone has noticed is that we have gone the longest period on record where the stock market is rising but the bond market is falling. Always in the past, the stock market could not advance if the bond market was expressing fear about inflation or the economy, which it has been for months now.
These type of discrepancies always get rectified, and the longer they go on the worse the reaction for the stock market. We are very overdue for that reaction by almost every technical and sentiment indicator that is published, and we have gone so long now without even a modest correction that the sell-off is going to be brutal. It is going to look as if the market is rejecting QE2, or at least it will look that way temporarily if the sell-off is a short term correction rather than a new leg down in a bear market.
http://www.economicpopulist.org/content/qe2-binge-inflation-horizon
richard_daily
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And yet, unemployment is STILL unemployment, a recession is STILL a recession.
Let's see Reagan presided over not one, but two... Can we blame the 1987 recession on Carter too? Can we please?
jeninflorida
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ah no, but I'm sure you will find a way to blame Bush!!
you jackwagon
why do you hate Bush, is it cuz you never see one (outside of internet porn)?
im just asking....
cebalrai
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Most conservatives I know dislike Bush because he didn't give a crap about paying down the federal debt and he had the chance to do it. He just kept borrowing and spending, even when we weren't in a recession.
jeninflorida
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...and one can't forget about Iraq
cebalrai
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If we can't pay down the debt during good economic times, when do you Republicans think we can do it?
cebalrai
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IrezumiKiss
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Yeah. Because the people who actually suffered under that 5.X% unemployment were oh-so happy they weren't suffering under a 9.X% rate. I'm sure that extra 4% they weren't thinking about at the time meant something special.
"Hey, cheer up, guys! We're at rock bottom, but at least it's not a 9% unemployment rate!"
"Yeah, you know...when you put it that way, you're right! Things could be worse, yey?"
"Yeah! So cheer up! Let's log onto the internet and look for cheap titty bars to hit up!"
"Now you're talki-uhhh...wait...what's an 'internet?'"
trysail
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1987 recession? Eh? Huh? Whaaa? Have we stooped to inventing recessions? You might want to run that by the National Bureau of Economic Research.
http://www.nber.org/
http://www.nber.org/cycles/cyclesmain.html
Code:
Last Four Recessions and their Durations
12/07 - 6/09 18 months
3/01 - 11/01 8 months
7/90 - 3/91 8 months
7/81 - 11/82 16 monthsjeninflorida
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and now we can't forget about obama's war
but obama's got it....we just don't know what it, is....
Yeah. Because the people who actually suffered under that 5.X% unemployment were oh-so happy they weren't suffering under a 9.X% rate. I'm sure that extra 4% they weren't thinking about at the time meant something special.
"Hey, cheer up, guys! We're at rock bottom, but at least it's not a 9% unemployment rate!"
"Yeah, you know...when you put it that way, you're right! Things could be worse, yey?"
"Yeah! So cheer up! Let's log onto the internet and look for cheap titty bars to hit up!"
"Now you're talki-uhhh...wait...what's an 'internet?'"
I realize you're not really into economics and stuff.
But you do understand that there was no 1987 recession, right?
Just checking.
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