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

[busybody..]

WH spin cycle: millions of folks leaving the workforce is an “economic positive.” Why is that positive? According to the Carny barker, they’re young people leaving to get “more education” (maybe PhDs in post-modern transgender puppetry.) Oh, and Carney and his boss are not full of sh1t, they’re full of bio-degradable non-edible chocolate substitute. Yum.

 

[unregistered]

 

[4est_4est_Gump]

lest anyone forget

The EVIL DUMZ and LIBZ all told us

2001-2008

While the economy was GROWING 3% plus and 200K-400K jobs per month were created

and

Unemployent was 5% or so

It was ALL LIES

ALL JOBS were HAMBURGER FLIPPING JOBS

It was teh WORST economy since H Hoover

HAVE YOU ALL FORGOTTEN?

Nope.

 

[4est_4est_Gump]

Those of us who wish that the euro be brought to an end before too many people get hurt are likely to be disappointed, because European politicians refuse to admit defeat.

Greece now stands on the brink of a sovereign default. Over the last few months, the slump in the Greek economy has been much deeper than anticipated, and, as a result, the Greek government is now in urgent need of roughly $20 billion to cover its immediate financing needs, on top of the rescue package of approximately $170 billion conferred in October of last year.

The government of Lucas Papademos is busy negotiating an orderly default with Greece’s main “troika” of lenders — the IMF, the European Commission, and the European Central Bank — as well as its private creditors. The October agreement counted on the writing off of some $130 billion worth of Greek debt held by foreign lenders, an amount equal to approximately 70 percent of the country’s total debt burden.

http://www.nationalreview.com/blogs/print/290304


I wonder how much US money is in the IMF...

 

[busybody..]

WTF does Berni know? After all, he is ONLY A JEW

and NIGGERPOONZANDI and NIGGERSOUTHand NIGGERUD know better


Bernanke Admits 8.3% Unemployment Rate Obama Has Been Crowing About Is BS…




Obviously.


(Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor market.

“It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work,” Bernanke said today in response to questions at a hearing before the Senate Budget Committee in Washington. “There are also a lot of people who are either out of the labor force because they don’t think they can find work” or in part-time jobs.

The jobless rate unexpectedly fell to 8.3 percent in January, a government report showed on Feb. 3. Bernanke’s remarks indicate that his view that the labor market is a “long way” from returning to normal hasn’t changed since he used the same phrase when he testified to the House Budget Committee on Feb. 2.

“The 8.3 percent no doubt understates the weakness of the labor market in some broad sense,” Bernanke said today, while noting that some job indicators are improving.

 

[unregistered]

 

[koalabear]

WTF does Berni know? After all, he is ONLY A JEW

and NIGGERPOONZANDI and NIGGERSOUTHand NIGGERUD know better


Bernanke Admits 8.3% Unemployment Rate Obama Has Been Crowing About Is BS…




Obviously.


(Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor market.

“It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work,” Bernanke said today in response to questions at a hearing before the Senate Budget Committee in Washington. “There are also a lot of people who are either out of the labor force because they don’t think they can find work” or in part-time jobs.

The jobless rate unexpectedly fell to 8.3 percent in January, a government report showed on Feb. 3. Bernanke’s remarks indicate that his view that the labor market is a “long way” from returning to normal hasn’t changed since he used the same phrase when he testified to the House Budget Committee on Feb. 2.

“The 8.3 percent no doubt understates the weakness of the labor market in some broad sense,” Bernanke said today, while noting that some job indicators are improving.

Well Oblamer did invent Christmas jobs, hiring had never been thought of at Christmas before.

 

[busybody..]

Quoted for the benefit of our starry eyed libs who always identify a shit lining in the clouds of their confusion as being silver.

do you have a SOURCE for that JEW who allegedly said that?

FOX "NEWS"??????????????

HAHAHA..................*POINTS AND LAUGHS*


Doesnt matter

NIGGER WILL BE RE-ELECTED, the BLS will manipulate it so

 

[mercury14]

I see Romney is pissing off conservatives by saying he wants minimum wage attached to the inflation rate. So much for common-sense ideas...


http://news.yahoo.com/blogs/ticket/...ks-conservative-backlash-steve-143038744.html

 

[NeverEndingMe]

http://i125.photobucket.com/albums/p73/valerieinspain/IMG_3281-anchor.jpg

Two Lit babes getting a close look at monument to Obama's economic achievements.

isn't that the truth

what we need is more federal government to take control of our lives...wtf

 

[mercury14]

Quoted for the benefit of our starry eyed libs who always identify a shit lining in the clouds of their confusion as being silver.

You bumped a Bernanke quote saying things are improving but not yet great? M'kay...

 

[NeverEndingMe]

You bumped a Bernanke quote saying things are improving but not yet great? M'kay...

there we go, Merc off building Dell Computers. or was he off fighting a war with UD? I'm so confused, its a full time job keeping up with the alt trolls

 

[mercury14]

Does anyone not have you on iggy? Time to make another alt perhaps?

NeverEndingMe
This message is hidden because NeverEndingMe is on your ignore list.

 

[NeverEndingMe]

Does anyone not have you on iggy? Time to make another alt perhaps?

NeverEndingMe
This message is hidden because NeverEndingMe is on your ignore list.

please, you know you look. you're too obsessed not to

 

[4est_4est_Gump]

Yeah, Bernake is a splash of cold water on what was proving to be a fruitful wet dream.



Mitt got hit by a similar splash last night...

 

[4est_4est_Gump]

About a century ago and more, the educated elite decided that America needed to be governed by people like them: clever, educated, creative, and expert. Progressives, they called themselves. The rest of America wasn't so smart, so it needed to be supervised by this educated elite. The result, a century later, is that life is great for the educated top 20 percent, liberal and conservative -- living ordered, fulfilling lives in SuperZip enclaves -- while life for the bottom 30 percent is falling apart.

Why? Well, it couldn't possibly be that when people don't have to work, don't get married, don't engage in civic groups, and don't attend church, they end up miserable, could it? Of course not -- not when liberals are running things in accordance with the strict principles of progressive politics. What could go wrong?

Everything. There are four things wrong in the lower-class enclaves of America, according to Charles Murray. No work, as men hang around sleeping and watching TV. No marriage, as women give up on the arduous task of civilizing lower-class men and take easy money from the state instead. There's no civic engagement, as people bowl alone. And there's a collapse of religion.

The core of Murray's book is that if you want to be happy, in the full sense of "eudaimonia" in Aristotle's Nichomachean Ethics -- that is, full human flourishing over a lifetime doing the right things in the right way at the right time -- you need to check in on four basic qualities. You need satisfying work, you need to be married, you need to engage in civil society, and you need to attend church once a week. Look at a community without the Big Four, and you will likely find only 10 percent of people "very happy." Look at folks with all four, and you will find almost 80 percent of people reporting themselves "very happy." Call it the American project: family, vocation, faith, and community.

...

Upper-class Americans live that way. They work, they get married, they are involved in their communities. They just don't seem to think it matters if other people don't, so they have legislated this monster welfare state that pays people not to work and not to marry, and that harasses them if they join a club or run a church. Our elitists insist on lives with meaning for themselves, but for everyone else, they think life begins and ends with a check: a welfare check, an unemployment check, a severance check, or a Social Security check. And they call that compassion.

...

Fall in love with America? In your dreams. The reason why the educated elite has moved apart from the rest of America is because it thinks it is too good to rub elbows with the bitter clingers. It makes a point of disliking the ordinary habits of the middle class: McDonalds, Walmart, trucks, guns, cars, and suburbia. That's why NPR's This American Life is curiously detached from real American life, and A Prairie Home Companion actually sneers at it.

Read more: http://www.americanthinker.com/2012/02/lets_stop_obama-ing_apart.html#ixzz1lnH0wIet

 

[NeverEndingMe]

Yeah, Bernake is a splash of cold water on what was proving to be a fruitful wet dream.



Mitt got hit by a similar splash last night...

the only thing that will save america is more government spending, and a bigger federal government. clearly, obama must hire 500,000 new federal employees with a starting base pay of $250,000 plus massive gold handcuffs

 

[4est_4est_Gump]

Multipliers...

 

[4est_4est_Gump]

http://www.bizzyblog.com/wp-images/NSAandSAjobsOver2002thruJan2012.png

For as long as BLS has been tracking employment data monthly, January has had a huge number of job losses, mostly because every year employers release most of those who were hired temporarily during the previous two months’ Christmas shopping and shipping rushes. As seen above, during the relatively strong years from 2003-2007, the economy lost an average of 2.7 million jobs in January. This year’s seasonally adjusted conversion to 243,000 job additions is pretty much in line with the seasonally adjusted results from 2006 and 2007, the two years during which recession-plagued data wasn’t factored into the five year-based seasonal calculations. That it turned out this way is largely due to luck, because the monthly raw data from the last four years has been more affected by the stinky economy than typical seasonal job-market fluctuations.

There are other interesting items which surfaced this month in the data used to determine the unemployment rate. The most important is the fact that BLS upwardly revised the number of people who aren’t in the workforce by 1.2 million as a result of fresher information from the Census Bureau. Although this doesn’t mean, as some believe, that all 1.2 million dropped out of the workforce in just one month, it does signify that the administration’s policies during the past three years have continued to generate a combination of rampant demoralization and “going Galt” which has handicapped the economy and seriously harmed the lives of millions of individuals and families.

But let’s get back to those raw jobs numbers, because the acid test for Team Obama’s claim that the economy is finally legitimately recovering will come during the next five months. As seen above, during the four relatively good years of 2004 through 2007, the economy added an average of 4.11 million jobs from February through June. But that was during a time when the unemployment rate was never higher than 5.8%, and in 2007 averaged only 4.5%. An authentically recovering economy making a real dent in a horribly underutilized workforce should generate six million jobs on the ground during the next five months. If it doesn’t, it won’t be genuinely recovering, no matter what the seasonally adjusted numbers say, and no matter what Team Obama and their media lapdogs want us to believe they say.
http://pjmedia.com/blog/one-decent-jobs-report-doesnt-fix-things/?singlepage=true

 

[RobDownSouth]

It's a lotta fun watching the usual suspects desperately trying to spin the improving economy as a "negative".

 

[richard_daily]

It's a lotta fun watching the usual suspects desperately trying to spin the improving economy as a "negative".

The right wing media machine will come out with a "the only reason the economy is doing better is because of the republican-controlled house" line soon, which all the wingnuts on here will then parrot.

 

[koalabear]

The right wing media machine will come out with a "the only reason the economy is doing better is because of the republican-controlled house" line soon, which all the wingnuts on here will then parrot.

You just said it.

 

[richard_daily]

Who farted?

 

[koalabear]

Who farted?

Every dog smells it's own hole, good lil chihuahua.

 

[koalabear]

Futures rise on Greek debt deal

not the American economy.

Officials are reportedly close to an agreement on austerity measures necessary to secure a bailout. Global markets advance. Gold wavers as oil gains.