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

[Adre]

This will all get better as soon as Romney is inaugurated. Smooth sailing from there

 

[Busybody]

Is the sky still falling?

If you have a D and a NIGGER, the answer in HELL, NO!

If there is an R

Hell YES!

Where Are The Jobs, Mr. President?

--------------------------------------------------------------------------------

Where Are The Jobs, Mr. President?

By Peter Kirsanow

When Nancy Pelosi asked that question in 2003, the unemployment rate was 6.1 percent. The unemployment rate for blacks was 11 percent. GDP, however, was growing at a 7.2 percent clip, and barely more than a year later the unemployment rate had fallen to 4.9 percent. That didn’t stop Pelosi and her allies, including many in the news media, from repeatedly asking the above question and proclaiming the jobs picture to be the worst since Herbert Hoover.

Today’s jobs report for December marks 48 consecutive months with unemployment at 7.8 percent or higher. Black unemployment is at 14 percent, up from 13.2 percent in November. And the labor-force-participation rate remains at historic lows as waves of people continue to drop out of the job market.

But Nancy Pelosi has lost her curiosity about the location of the nation’s jobs.

Welcome to Obama Normal.

 

[mercury14]

This will all get better as soon as Romney is inaugurated. Smooth sailing from there

Funny how all the anti-Keynsians now admit that government spending has a massively positive effect on the economy after that GDP report though.

 

[Busybody]

Gee whiz

looks like Menendez has a problem

BUT WAIT!

Curry and Reid said


LOOK AT THE SOURCE!

 

[sigh]

Where Are The Jobs, Mr. President?

--------------------------------------------------------------------------------

Where Are The Jobs, Mr. President?

By Peter Kirsanow

When Nancy Pelosi asked that question in 2003, the unemployment rate was 6.1 percent. The unemployment rate for blacks was 11 percent. GDP, however, was growing at a 7.2 percent clip, and barely more than a year later the unemployment rate had fallen to 4.9 percent. That didn’t stop Pelosi and her allies, including many in the news media, from repeatedly asking the above question and proclaiming the jobs picture to be the worst since Herbert Hoover.

Today’s jobs report for December marks 48 consecutive months with unemployment at 7.8 percent or higher. Black unemployment is at 14 percent, up from 13.2 percent in November. And the labor-force-participation rate remains at historic lows as waves of people continue to drop out of the job market.

But Nancy Pelosi has lost her curiosity about the location of the nation’s jobs.

Welcome to Obama Normal.

Good question. Wall Street is nearing an all-time high. Obviously, the rich are getting richer so where's the trickle down? I'm waiting for Reaganomics to kick in any day.

 

[Busybody]

Good question. Wall Street is nearing an all-time high. Obviously, the rich are getting richer so where's the trickle down? I'm waiting for Reaganomics to kick in any day.

The FED is pumping like crazy!


Trickle down didn't mean

Stock up, everyone is OK

Study it

 

[Busybody]

Is the sky still falling?

When you have WhoSane Kardashian as Pres......NO!


With Everything Going So Well, Time for Another Photo-Op!


By Jim Geraghty

So, looking at the headlines this morning . . .

Jobless Claims Bounce Higher


U.S. economy contracts for first time since recession

Chinese Cyber Hackers a Growing Threat

U.S. faces new Al Qaeda threat as terror group’s ‘strike map’ is revealed

Report: Iran, Hezbollah terror threat rising

Iran Is Said to Be Set to Accelerate Uranium Enrichment

Syria, Iran threaten retaliation against Israel

And what’s going on at the White House?

Mark Knoller: “Today at the White House: No public events on the president’s schedule today, though Vogue is bringing camera gear into the White House this morning.”

Beautiful day for a photo-op, isn’t it?

 

[Busybody]

Good question. Wall Street is nearing an all-time high. Obviously, the rich are getting richer so where's the trickle down? I'm waiting for Reaganomics to kick in any day.

You may be interested


How The Stock Market Became The "Food Stamps" for the 1%



Via Michael Krieger of Liberty Blitzkrieg blog,

The price of anything is the amount of life you exchange for it.
- Henry David Thoreau

Society is like a stew. If you don’t stir it up every once in a while then a layer of scum floats to the top.
- Edward Abbey

When the rich wage war, it’s the poor who die.
- Jean-Paul Sartre

The Stock Market: Food Stamps for the 1%

For most of the past four or five years, I have spent the majority of my time studying the dominant forces that fuel the power structure that exists in these Unites States today, and indeed throughout the world. My education began quite suddenly and unexpectedly in the middle of the last decade when I started understanding fiat money, Central Banking and the global monetary system. Since then, I have expanded my understanding to mainstream media brainwashing, the military-industrial complex, the role of the political oligarchs in Washington D.C., the corruption of the food industry under the complicity of the FDA itself and much more. The more I peered under the curtain, no matter what the industry, the clearer it became that the system had no chance of survival under its current form. What’s worse, it became obvious that the very small 0.01% of the population that I call oligarchs (financial and political), who are actively gaming the system for their own pleasure, are well aware of the system’s terminal nature. That’s why they are rapidly putting in place the police state grid.

That said, this article is not about the implementation of the surveillance state. I cover that pretty much daily these days. This post is more of a philosophical stream of consciousness; a guilty pleasure that I have not engaged in as of late.

I have mentioned many times in the past that food stamps are just a payoff to the poor. While I think a permanent and expanding welfare state is completely and utterly destructive to an economy and culture, I do not demonize these folks. The vast majority of them would like to work and be productive. They are victims and this is being done to them quite intentionally. It creates dependency. It keeps them off the streets. It’s an unspoken bribe plain and simple. The oligarchs do not want angry, roving, hungry masses on the streets while they strip mine what’s left of the economy. Food stamps, disability and all sorts of other freebies take care of this segment of the population as the oligarchs continue on with their crimes and prepare for the day of reckoning (hence the surveillance grid).

However, the oligarchs have another problem to deal with. This problem is the huge group of people that resides in between them and the poor. Ideally, they would like to shove all of them into the poverty category and keep them barely alive and on dole of the government. That way, the politically connected large corporations that do not pay taxes and receive bailouts can continue to pay them peasant wages while the government takes care of the rest. It’s a win-win. The situation I just described is exactly what is happening as we speak and has been occurring at an ever frequent pace since the coup of 2008. This is exactly why people are buying guns, gold and are extremely negative on the economy and the future of the United States. I recently discussed this in my post Gallup Poll: Americans Most Negative on the Nation and Economy in 30 Years. If you read the Gallup data in detail you will see that this level of negative readings only occur during very bad economic times. The average person can feel themselves getting poorer despite the nonsense spewed by the mainstream media. Their standards of living don’t lie and no amount of false statistics can change that. As John Adams famously said: Facts are stubborn things.

Stubborn indeed; and this is where the stock market comes into play. Banana Ben Bernanke has not made it a secret that he is directly targeting a higher stock market with his purchasing power destroying money printing. He has made that clear from pretty much the beginning. The idea is that a higher market will improve the balance sheets of pensions, individual retirement accounts and also create a psychological impact that will make people feel confident and thus boost the economy. It is the last point that is of course most important. If the latter does not happen then the boost in stock prices is merely an unsustainable bubble that will burst and all the “good” that was done to balance sheets will be undone with a vengeance at some point in the future. The latter did not happen.

As much as people like to talk about the 1% versus the 99%, the real winners since 2008 have been the oligarchs. The 0.01% have benefited much more than any other class in terms of both money and power. It’s the 0.01% versus everyone else and the quicker we recognize that, stop fighting amongst ourselves, and push them aside the better it will be for our species.



As I have repeatedly stated, the oligarchs are using the current period in between financial panics to put in place the surveillance grid they plan to use on the population once the SHTF. It is of extreme importance that the masses stay apathetic and obedient in the process. Hence food stamps for the poor and the stock market for the 1%.

I grew up around the 1%. It’s my socioeconomic class. I know the 1% intimately. There’s nothing special about the 1%. Most of them are very average and very lucky. Of course there are many, many exceptions but there are exception in all classes. Sure they are slightly more educated than the rest of the population, but on average are not any more intellectually curious than the 99% and are just as easily manipulated by propaganda and more importantly money.

More than any other group, the 1% has been convinced that the stock market represents some sort of leading indicator of wealth and prosperity. Nothing could be further from the truth. Sure, the stock market can function as such an indicator. It is such an indicator when the rising stock market reflects a dynamic, capitalist economy where new industries and companies are rising to the top and improving standards of living for the populace. It represents the opposite indicator when it merely reflects the ownership interests of the oligarchs in a crony-capitalist, fascist economy that is picking away at the dying carcass of what little economic freedom still remains. This is what a rising stock market actually represents today. When people look at it they should understand it is merely a measure of the oligarchs getting wealthier and more powerful and you becoming more of a debt slave. It represents their interests in multinational corporations with record profit margins because they refuse to pay their employees a living wage. A rising stock market today is actually a leading indicator of the destruction of the middle class, cultural destitution and a society in collapse.

The stock market is like slop in a pigpen. It is a key instrument used to keep the 1% from getting antsy. Unlike the middle class (a group that isn’t falling for any of the tricks), many of the 1% work on Wall Street or related industries and own stocks. Many of the people in the 1% are at least wealthy and connected enough to still cause serious problems for the oligarchs. They must be kept quiet as the coup that started in 2008 is brought to fruition. Then they will be left high and dry like everyone else. This is the role that the stock market is playing at the moment.

So as the 1% sits around analyzing a casino, the poor collect food stamps and the middle class dies. Many in the 1% look upon the poor on food stamps with disdain, yet little do they realize they are on food stamps as well. It’s called the stock market.

 

[cjh]

When you have WhoSane Kardashian as Pres......NO!


With Everything Going So Well, Time for Another Photo-Op!


By Jim Geraghty

So, looking at the headlines this morning . . .

Jobless Claims Bounce Higher


U.S. economy contracts for first time since recession

Chinese Cyber Hackers a Growing Threat

U.S. faces new Al Qaeda threat as terror group’s ‘strike map’ is revealed

Report: Iran, Hezbollah terror threat rising

Iran Is Said to Be Set to Accelerate Uranium Enrichment

Syria, Iran threaten retaliation against Israel

And what’s going on at the White House?

Mark Knoller: “Today at the White House: No public events on the president’s schedule today, though Vogue is bringing camera gear into the White House this morning.”

Beautiful day for a photo-op, isn’t it?

Excellent point.

Those are all to-do list items, any one of which could be knocked out in an hour or two with the office door closed and calls placed on hold.

 

[koalabear]

Excellent point.

Those are all to-do list items, any one of which could be knocked out in an hour or two with the office door closed and calls placed on hold.

*views post*

Shaddup pereg!!!!

 

[Busybody]

Excellent point.

Those are all to-do list items, any one of which could be knocked out in an hour or two with the office door closed and calls placed on hold.

you

mock

yourself

 

[Busybody]

CURRY will say

The IRS? You call THAT a source? They are a RW BLOG!


This is a disaster.....and we all wont see it until its too late

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family





”

AFFORDABLE CARE ACT NOT SO AFFORDABLE:


CURRY says BS!!!!!!!!!!!

 

[unregistered]

 

[mercury14]

As predicted, the revision is always upwards:

Not that that's true but so what if it is?

 

[unregistered]

 

[Busybody]

http://cnsnews.com/news/article/1690...ployment-ticks

I question the source

 

[unregistered]

 

[mercury14]

Poof!
169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

Wait, what?

Civilian labor force in December: 155,511
Civilian labor force in January: 155,654

Here's the report right here, second line down from the top.

There's a link in the article, for Merc.

Broken link.

 

[islandman]

Wait, what?

Civilian labor force in December: 155,511
Civilian labor force in January: 155,654

Here's the report right here, second line down from the top.

It's 143,000, so he's not that far off.

 

[mercury14]

Ah wait, I see. The raw number of civilians not in the labor force (in thousands) went from 88,839 to 89,008. Of course the number of civilians in the labor force also increased, 155,511 to 155,654. You're just doing that thing where you pluck data out of context and ignore everything that you don't want to hear.

 

[mercury14]

http://cnsnews.com/news/article/1690...ployment-ticks

I question the source

The right wing source is saying we shouldn't look at the labor force participation rate which shows people coming back into the work force in sufficient numbers to cancel out the baby boomers exiting it (that beloved narrative is no longer supported by the data so conservatives pretend it was never important). It's also saying we shouldn't look at the fact that the total labor force grew as new workers entered it.

It's saying we need to only look at the raw number of people not in the labor force - a number which almost always increases just due to population growth and then falsely generalize that figure to the entire jobs report. This is some really shameful spin right here.

 

[unregistered]

 

[unregistered]

 

[Beco]

Can't wait to hear Mercury14's spin on this!!

 

[jeninflorida]

in other news....the IRS isn't ready to process tax returns.....


uncle obama has raised taxes on EVERYONE

is there anything positive about the obama? other then taking spending to new highs? obama debt = massive cluster fuck

granted, most obama supporters do not care if we are a capitalist society or socialist. the only thing obama supporters care about is the welfare check