The U.S. Economy is being Marched to the Gallows

[brucefan]

Predictions of hyperinflation, dollar decline and civil unrest

<TABLE id=ViewArticleTable cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD align=left colSpan=2>The upcoming Financial Stimulus package courtesy of the new Economic dream team has left numerous economists and analysts quaking in their boots.

We are seeing predictions of hyperinflation, the destruction of the dollar, the flight of U.S. creditors, the prospect of widespread civil unrest and a descent in to a Greater Depression.

Small business owners have stood up and discredited the tax incentives that were meant to convince them to ignore market reality and open the door to new employees. The measures that supposedly address the enormous foreclosure problem seem to change from day to day and only work to the advantage of the banks. Obama and Bush have just signed off on an additional $20 Billion in cash and $118 Billion in asset guarantees for Bank of America which already received $25 Billion last year and is now choking on Merrill Lynch's losses. The President Elect and his new Stimulus Czars are not paying attention and are proceeding to continue the same destructive formula adopted by Paulson.

The media bombardment is in overdrive to convince the public that herein lies the path to salvation. First we had the guarantee that three million jobs would be created out of thin air only to be bumped up to four million. These are nice round media friendly numbers which have no basis in reality. With each passing day the sands are shifting on exactly how the money will be spent.

Ben Bernancke' s speech at the London School of Economics on January 13, confirmed that the emphasis has now shifted to bailing out the banks one more time by buying more toxic assets to clean up their collapsing balance sheets. After seeing $8.2 Trillion vanish in to Insurance, Banking and a moribund auto industry with absolutely no concrete result except for the tightening of credit, the increasing losses of Big Banking and the GM chairman having to queue for his airline ticket, the Fed, backed by Obama, continues to beat the dead horse.

The scariest aspect of this is the speed at which this 18 wheeler disaster is being driven toward the rabbits in the headlights. We haven't yet seen any senators or reps being threatened with the imposition of martial law, but we have seen Obama treathen to veto his own fellow democrats if they do not rubber stamp the proposals he has been instructed to deliver. Nobody has even taken a vote yet and already the gloves are off. Bailout Bill One and the Patriot Act were pushed just as hard. The only legislation that gets the hard sell seems to involve either stealing the taxpayer's money or their rights.

Judging by his actions so far, Obama has done absolutely nothing but continue the transfer of wealth from the American taxpayer to his Wall St. campaign contributors.

There has been absolutely zero positive impact on the real economy as the increasingly horrific indicators continue to mount and the prospect of an unprecedented Depression continues to rise over the horizon. Economic reality was left on the back burner and the capital that could have paid for Obama's fantastical "stimulus" plan 5 times over has been wasted on the imploding financial sector, who no doubt will be back for more
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Andrew Hughes is a frequent contributor to Global Research. Global Research Articles by Andrew Hughes
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JOIN THE FIGHT

http://www.campaignforliberty.com/index.php

 

[Doc Mercer]

Re: The U.S. Economy is being Marched to the Gallows

Hmmm ....

I wonder how that happened with the WONDERFUL LEADERSHIP shown
by STILL PRESIDENT GEORGE BUSH?

 

[KTBKRUSHER]

Re: The U.S. Economy is being Marched to the Gallows

Obama's stimulus package is HORRIBLE.
I hope Congress can make changes to it that will help.
I totally disagree with any form of bailout no matter who proposed it and I wonder who Doc is going to accuse of stuff when Obama's package sends the national debt higher than ever before.

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

I was never more proud to support the Libertarian party, as I saw John McCain support the bailout.

Pandoras box has been opened, and now the Obama vampires are going to suck all the blood out of all us.


Let me get this straight, we bail out Bank of America, they take the money and buy Merril Lynch, and now they realize they overpaid and the GOVT is going to give them more money??

Like the pilot said yesterday, prepare yourself for a crash landing

 

[stucco43]

Re: The U.S. Economy is being Marched to the Gallows

Looks to me like a spaghetti western...send in the Black sheriff....
and we always know how that ends.....
i bet in one years time...G.W. will be long forgotten....

 

[Doc Mercer]

Re: The U.S. Economy is being Marched to the Gallows

Bruce:

how did 8 yrs of Bush work out?

BUSH IS STILL THE CURRENT PRESIDENT TO UPDATE THAT HAS THIS COUNTRY NEARLY 11 TRILLION IN DEBT PARTNER

 

[Doc Mercer]

Re: The U.S. Economy is being Marched to the Gallows

Love it ...

now KTB is getting worried?

That is like Palin getting worried now because "my kids screwing? Gosh ...
that is not suppose to happen since we are Republicans ..."


The CHEERLEADERS sat back and cheered Bush fucking everything in sight with no protection ... enjoy the end results !!!

 

[stucco43]

Re: The U.S. Economy is being Marched to the Gallows

Its time to understand WHO owns the Federal Reserve...
Bank of America is a shareholder in the Fed..
N.M. Rothschild , London - Bank of England
______________________________________
| |
| J. Henry Schroder
| Banking | Corp.
| |
Brown, Shipley - Morgan Grenfell - Lazard - |
& Company & Company Brothers |
| | | |
--------------------| -------| | |
| | | | | |
Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---|
& Son | Harriman Norman | Paris Bros |
| | / | N.Y. |
| | | | | |
| Governor, Bank | J.P. Morgan Co -- Lazard ---|
| of England / N.Y. Morgan Freres |
| 1924-1938 / Guaranty Co. Paris |
| / Morgan Stanley Co. | /
| / | \Schroder Bank
| / | Hamburg/Berlin
| / Drexel & Company /
| / Philadelphia /
| / /
| / Lord Airlie
| / /
| / M. M. Warburg Chmn J. Henry Schroder
| | Hamburg --------- marr. Virginia F. Ryan
| | | grand-daughter of Otto
| | | Kahn of Kuhn Loeb Co.
| | |
| | |
Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y.
| | --------------------------
| | | |
| | | |
Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn
| | __|______________________|_________
Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg
- ------------------------- | | |
| | Mortimer Schiff James Paul Warburg
_____________|_______________/ |
| | | | |
Mayer Lehman | Emmanuel Lehman \
| | | \
Herbert Lehman Irving Lehman \
| | | \
Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker
/ | Present Chairman Lehman Bros
/ Robert Owen Lehman Kuhn Loeb - Granddaughter of
/ | George F. Baker
| / |
| / |
| / Lehman Bros Kuhn Loeb (1980)
| / |
| / Thomas Fortune Ryan
| | |
| | |
Federal Reserve Bank Of New York |
|||||||| |
______National City Bank N. Y. |
| | |
| National Bank of Commerce N.Y ---|
| | \
| Hanover National Bank N.Y. \
| | \
| Chase National Bank N.Y. \
| |
| |
Shareholders - National City Bank - N.Y. |
- ----------------------------------------- |
| /
James Stillman /
Elsie m. William Rockefeller /
Isabel m. Percy Rockefeller /
William Rockefeller Shareholders - National Bank of Commerce N. Y.
J. P. Morgan -----------------------------------------------
M.T. Pyne Equitable Life - J.P. Morgan
Percy Pyne Mutual Life - J.P. Morgan
J.W. Sterling H.P. Davison - J. P. Morgan
NY Trust/NY Edison Mary W. Harriman
Shearman & Sterling A.D. Jiullard - North British Merc. Insurance
| Jacob Schiff
| Thomas F. Ryan
| Paul Warburg
| Levi P. Morton - Guaranty Trust - J. P. Morgan
|
|
Shareholders - First National Bank of N.Y.
- -------------------------------------------
J.P. Morgan
George F. Baker
George F. Baker Jr.
Edith Brevoort Baker
US Congress - 1946-64
|
|
|
|
|
Shareholders - Hanover National Bank N.Y.
- ------------------------------------------
James Stillman
William Rockefeller
|
|
|
|
|
Shareholders - Chase National Bank N.Y.
- ---------------------------------------
George F. Baker

 

[Doc Mercer]

Re: The U.S. Economy is being Marched to the Gallows

Bush took his Marching Orders from the Bilderbergers ....

Hello ... why do ya think he signed with Fox in March of 05 in Waco the NAU pact and why do ya think Scarface has 25 mill of his money tied up in the EURO bond market?

The SHEEP are being led to a bloodbath and none of em have a clue

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Bruce:

how did 8 yrs of Bush work out?

BUSH IS STILL THE CURRENT PRESIDENT TO UPDATE THAT HAS THIS COUNTRY NEARLY 11 TRILLION IN DEBT PARTNER

What little respect I had left for Bush was lost when he scammed the Country into this bailout bullshit, and rammed it down our Country's throat using fear of the world coming to an end

Can wait to see him gone, however there is no fiscal conservativism coming with Obama.
He is going to make things much, much worse.

 

[Doc Mercer]

Re: The U.S. Economy is being Marched to the Gallows

Don't worry

EOG is going public and as your broker I recommend to "load up" !!!

 

[Road Dawg]

Re: The U.S. Economy is being Marched to the Gallows

Has a Stimulus Ever Been Necessary?
by Scott M. Rosen

One cannot watch the news these days without being reminded of two things: The economy is in recession and Barack Obama will soon be President. One cannot listen to the latter without hearing that he will do everything he can to save us from the former.

Can he, however, actually do this?

Commentators and various politicians believe he can. At least they believe the government, which he will soon lead, has the power to do so. The Federal Reserve has preempted the president-elect with an expansionary monetary policy via artificially low interest rates and the purchasing of private assets. Obama and his supporters contend that they can do more to spur economic growth. They claim that spending as much money as possible will return the economy to prosperity.

Not surprisingly, Congressional leaders, the media, and even a large swath of the American public are encouraging this course of action. Congressional Democrats hope to have a "stimulus package" prepared for Obama to sign as soon as he is inaugurated. Supporters of this fiscal stimulus contend that it will create jobs and encourage consumers to start spending money.

At first blush, it seems that both the government’s fiscal and monetary remedies are counterproductive. Pumping more money into the economy will just reduce the value of money and lead to price inflation. Spending money on government projects is just shifting money from one type of spending to another. Government economists and most media commentators, however, would respond that these objections are na?ve.

Prior to the Great Depression and the publication of John Maynard Keynes’ General Theory, most economically knowledgeable people would have agreed that government intervention is unhelpful if not detrimental. Today, we ostensibly know better: Government intervention is imperative to prevent economic downturns from turning into economic calamities. Therefore, the Federal Reserve must inject liquidity into the economy, and the government must actively combat unemployment and prop up spending.

The theory that underlies this policy approach holds that economic downturns are the result of too little spending where overall (or aggregate) demand for goods and services sharply declines. The government can restore aggregate demand by running budget deficits (via increased spending and/or lower taxes) and printing more money. This understanding of economic downturns is too simplistic for and not universally accepted by most (if not all) economists, but it has generally been adopted by mainline politicians and the media.

Aside from noting their general understanding of this already oversimplified theory, the proponents of economic stimulus have failed to justify exactly why it is so dire for the government to intervene in this particular crisis. Even if the above theory is correct, why won’t the economy correct itself? The commentators, et al. are apparently proposing that a stimulus package is a proven method for curing a recession. History proves them wrong.

America, like any capitalist nation, has gone through a number of boom and bust periods. The number of economic downturns the nation has actually experienced is not entirely clear. Different economists (and approaches to economics) have different criteria for evaluating the business cycle. (The National Bureau of Economic Research [NBER] keeps "official" count.) Regardless of the number of actual recessions, there is little evidence that any have been brought to an end by an economic stimulus package.

As mentioned, prior to the Great Depression, there was little support for the government to pursue counter-cyclical economic policy. The laissez-faire approach allowed the economy to return to prosperity by liquidating mal-investments, shifting employment to more productive sectors, and allowing the price level to drop. In the early 1920’s, the nation experienced a severe contraction after the end of World War I. There is evidence that some in the government wanted to adopt a more interventionist approach to the downturn, but the economy recovered (as it had in the past) without any form of economic stimulus.

At the close of the decade, the economy faced another economic contraction, but this time, the government did intervene. Both Presidents Hoover and Roosevelt pursued greater government control of the economy. Most notably, President Roosevelt ran deficits to fund a number of public works projects as part of his "New Deal." Neither FDR’s domestic spending nor the later war brought America out of economic stagnation.

Proponents of the New Deal disagree. They point to the economic expansion that took place from 1933 to 1937, but this "expansion" was illusory. While unemployment declined and government statistics indicate that an expansion did take place, they hardly demonstrate that a genuine recovery took place. For one thing, unemployment remained in the double digits throughout the "expansion." Moreover true economic recovery and growth is associated with an increase in private business activity – people return back to (mostly) private sector jobs, businesses start growing again, consumers return to their usual spending habits, etc. This was not the case in the 1930’s.

The "expansion" was illusory because it was not a return to normal business activity. It merely reflected a growth in government spending. GDP takes into account government spending, and the increase in employment was primarily the result of government-created jobs. The New Deal did not stimulate actual economic growth.

Even this pseudo-recovery did not last for long as the economy fell back into a depression in 1937. New Deal advocates insist that this was the fault of reduced government spending. In part, they are correct because so much of the "expansion" was merely a reflection of government expenditures. The decline in government spending, however, did not retard private commercial growth which, had never really recovered in the first place. Even if this was a true recovery, Keynesian theory calls for budget reductions during a period of expansion. Moreover, if five years of government spending truly resulted in economic recovery (as the New Dealers claim), it seems far-fetched to believe that a slight retreat in the growth of the government would plunge the economy back into a severe depression.

On the eve of the Second World War, the economic situation was as gloomy as it had been when FDR took office. Many historians and academics, who may doubt the effectiveness of the New Deal, hold that it was actually the War that lifted the nation out of the Depression. This is also incorrect.

Like the New Deal, US wartime production also created the illusion of prosperity. Movie reels from the period depict shipyards and munitions factories teeming with workers eager to produce weapons of war for the Cause while young men donned uniforms and headed overseas to fight the Axis threat. These images may appear to illustrate an economy on the mend, but what they fail to display are the rationing, shortages, and general dearth of consumer products during this period. The increased employment was merely being directed towards serving the needs of the state. Once again, this was not the true economic recovery of the private sector that follows most recessions.

As the war came to an end, the need for government spending declined. As economist Robert Higgs observed, government spending fell from $98.4 billion in 1945 to $33 billion in 1948. The government also abandoned a number of New Deal policies in the post-War years. Despite this "anti-stimulus," the economy did not fall back into a severe depression and instead finally returned to genuine prosperity.

The middle part of the century also provides little evidence that economic stimulus is necessary to pull the nation out of a recession. Despite two recessions in the 1950’s, the government did not propose the active fiscal policy that had been pursued in the 1930’s or that is being proposed today. The government, in fact, even reduced expenditures during the 1957 recession. In both cases, the economy recovered.

The 1960’s was a period of fairly consistent growth. Keynesians may attribute this to the significant tax cuts and increased spending during the decade. Tax rate reductions, however, not only have the effect of encouraging spending, they also remove disincentives to production and investment. Regardless, the policies of the 1960’s were not employed as countercyclical measure to lift the economy out of recession.

By the 1970’s, the nation was again facing serious economic challenges. Inflation had become a serious concern. Despite the loose monetary policy and significant government spending throughout the decade, the economy faced a recession in the middle of the 70’s and general economic weakness throughout the rest of the decade – particularly with high interest rates and inflation.

In the early 1980’s, the Federal Reserve sought to combat inflation with a more restrictive monetary policy. This plunged the economy into the most severe recession since the Great Depression. The economy, however, recovered without a stimulus package.

Advocates of economic stimulus may argue that despite its professed pro-market orientation, the Reagan administration actually did pursue an active countercyclical economic policy. The administration did, in fact, push through significant tax cuts while doing little to restrain spending, which led to larger budget deficits.

This analysis, however, ignores a number of points. For one thing, the Reagan administration’ s fiscal policy coincided with a restrictive monetary policy. Keynesian economists at the time likened this to stepping on the gas and the breaks at the same time. Furthermore, Keynesians were also fairly critical of the tax cuts because upper income people (who benefit the most from income tax reductions) are less likely to spend their tax savings than lower income individuals. Moreover, many politicians and others (much like today) urged President Reagan to pursue a stimulus package of public works and public "investment" to combat the recession. The President rejected these pleas.

If Reagan was an accidental Keynesian, his successors were incidental anti-Keynesians. In the early 1990’s, the economy fell into a minor recession. It is true that the recession coincided with a tighter monetary policy, a tax hike, and even a slight retreat in military spending as the Cold War came to an end.

The Clinton administration, however, did not respond with an expansionary economic policy. The new administration raised taxes, further curtailed military spending, and sought to remedy the large deficits it had inherited. It is true that President Clinton pursued an economic stimulus package and a proposal for government-managed health care, but both initiatives were defeated by the Congress. Clearly, this tightfisted (at least by today’s pessimistic standards) approach to fiscal policy did not impede recovery.

Soon after the (now outgoing) Bush administration took office, the nation faced yet another recession. The current administration did take a more active role during the downturn than some of its predecessors. It cut tax rates, issued rebate checks, and extended unemployment benefits. Nonetheless, none of these measures resembled the type of spending advocated by the incoming administration for dealing with the current recession.

Today, of course, we hear little but cries for economic stimulus in order to prevent the next Great Depression. Not only is the President-Elect ignoring the economic history of the United States, he’s also ignoring the reigning policy of the past few years. The government has essentially run consistent deficits ever since President Bush took office. The current administration has executed two wars, created a homeland security cartel, and has been responsible for a slew of new domestic spending initiatives. It has done all this while the central bank has continued to ease its monetary policy. It is difficult to contend that the government has not done enough to prop up artificial demand.

The fallacy behind the call for economic stimulus is that declining aggregate demand is the mother and not the daughter of economic contraction. When left to its own devices, the market will return back to prosperity (consumer demand and all). Government intervention oftentimes has the effect of actually prolonging the crisis. The new administration would be wise to let the market adjust on its own and spare us the additional debt and debased currency that an active fiscal and monetary policy will yield.


http://www.lewrockw ell.com/orig5/ rosen-scott9. html

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

:shoot:

Thursday, June 11, 2009

Total Collapse of Retail Sales


The Redbook is a weekly measure of sales at chain stores, discounters, and department stores. For the last week, the Redbook same store sales collapsed 4.4% on a year over year basis. This contrasts to the week prior that saw a rise of 0.1%.

"The 4.4 percent plunge is not comparable to anything Redbook has been posting this cycle. And the magnitude of the week-to-week change in the year-on-year rate, to -4.4 percent vs. +0.1 percent in the May 30 week, is also unprecedented."

The ICSC also made a large move in the downward direction with a -.8% showing. The ICSC measures same store sales at the large department stores. Let?s see, could the fact that several of the major credit card companies are raising interest rates and capping lines of credit have anything to do with it? And what about a bond market collapse, could that have anything to do with that chain of events?


A Comprehensive Compilation of Plunging Sales Charts:

We?ll start with the big picture Total Retail Sales presented in Year-Over-Year (yoy) percent change:



And for confirmation of the big picture sales trend, let?s examine yoy % change in Final Sales:



Light-weight truck and car sales:


More at the link:
Link

Chinese exports plunge 26.4 percent in May

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Spend and print, spend and print

Good news is Government motors had a good month and we destroyed lots of perfectly good cars :doh1



<EMBED src=http://www.youtube.com/v/IPsfu4o1p1w&hl=en&fs=1& width=560 height=340 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
</SCRIPT>

 

[scrimmage]

Re: The U.S. Economy is being Marched to the Gallows

Even dogs have begun to notice.

Something is Going On...
By Barry Ritholtz - August 19th, 2009​

http://www.ritholtz.com/blog/2009/08/something-is-going-on/

Clem Stone Says:
<SMALL class=commentmetadata>August 19th, 2009 at 7:02 pm</SMALL>
More freeloaders with complaints! I bet those dogs have never worked a day in their lives.
By the way, super premium dog kibble is not a bad option for human consumption when times get rough. Read the ingredients?it?s healthier and cheaper than the diets of most people.

Clem's comment brings this to mind:
​

<SMALL class=commentmetadata>Onlooker from Troy Says:</SMALL>
<SMALL class=commentmetadata>August 19th, 2009 at 7:10 pm</SMALL>
You know there?s real truth in this cartoon. Many people were spending extravagantly on food and all kinds of other things for their pets (grooming, pet sitting, day care, etc.). I am a huge dog lover. I?ve got two right now and they?re my best buddies and companions. But I treat them like dogs; well cared for, loved, happy, but dogs.
There was clearly a signal being sent with the outsized amount of money that was being spent on pets. It?s one of the things I marveled at, in addition to the housing ridiculousness and the car debt treadmill.
​

<SMALL class=commentmetadata>CTB Says:</SMALL>
<SMALL class=commentmetadata>August 19th, 2009 at 8:42 pm</SMALL>
Funnily enough, studies have shown that premium dog food is not the first expense people tend to cut.​

​

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

If the postal service was a public company, I would say the stock would be a strong sell.

The bleeding continues


The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year
LINK HERE

 

[4625]

Re: The U.S. Economy is being Marched to the Gallows

Hold the presses!!!! Now that a black guy is President, the fact that the U.S. Postal Service is losing money is now news!!!!

(At least actual klansmen have the balls to appear in public in their pillowcases. Our brave wanabees here in the poli-forum merely cry and snivel about current matters which were identical in form to what occurred under the buffoon's administration).

Credibility = 0.

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

Hold the presses!!!! Now that a black guy is President, the fact that the U.S. Postal Service is losing money is now news!!!!

(At least actual klansmen have the balls to appear in public in their pillowcases. Our brave wanabees here in the poli-forum merely cry and snivel about current matters which were identical in form to what occurred under the buffoon's administration).

Credibility = 0.

Throw Amtrak in there too.Now it matters when they have lost money for how many years straight??

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Hold the presses!!!! Now that a black guy is President, the fact that the U.S. Postal Service is losing money is now news!!!!

(At least actual klansmen have the balls to appear in public in their pillowcases. Our brave wanabees here in the poli-forum merely cry and snivel about current matters which were identical in form to what occurred under the buffoon's administration).

Credibility = 0.

I am convinced you are the biggest putz on this board


Were you beat up as a little boy by some black guy or something?

Yes, all of this has been going on for a long time, so what do ya say we stop expanding government.

Not real crazy about their track record of success.

Thats the only point being made here.

Take your racist comments and stick em in your ear

I couldnt give a crap if the guys skin is purple, as long as he isnt a purple marxist

 

[4625]

Re: The U.S. Economy is being Marched to the Gallows

A collection of my various posts on the matter; you see, I at least have a record of complaining about the federal government without attempting to pin it all on the President; who, to educate just a little bit, is only responsible for the Executive branch of the government. And, to reinforce my complaint about you timid klan-lite wannabees, there was nary a peep about any of this crap when the buffoon's administration was creating the massive clusterfuck. You didn't cry then, your crying now has zero credibility. 2016 will be here before you know it.
___________________________________

June 15, 2009:
Okay, arguably everything remotely connected to the Fucking New Deal, Square Deal, and Fair Deal are unconstitutional. However, that train has left the station, and your fellow Americans (sorry, not for you, Joey) don't seem to give a tinker's damn about reversing that train. The "Necessary and Proper" clause has been so mutated that Congress could probably order me up a fucking tugjob and call it "Necessary and Proper" now. . .I'm afraid that argument has been decided against us. . .Was there a point? Next. . .
http://forums.eog.com/politics-and-...s-obama-s-czars-229614.html?highlight=station

July 9, 2009:

Very suspect that when the buffoon took identical actions it was just fine, thank you. However, when His Royal Highness Comrade Crown Prince Hussein (a black man very near the white women, I might add) does it, all the sudden it's all about free markets, small government, Marxist, Communist, Socialist, teleprompter, birth certificate. The people crying now were nowhere to be found when the buffoon began dismantling our protections from the government taking over everything. Get ready for Sweden; you've earned it. . .

Oh, and the "free market capitalism" train left the station a long time ago, and it doesn't seem to have a reverse; nor would a majority of our fellow citizens vote turn it around if it did. . .
http://forums.eog.com/politics-and-...-comrade-update-202050.html?highlight=station

June 1, 2009:

Theory is all well and good--I'm sure Rush has issued everyone here some plausible-sounding talking points. Unfortunately, theory often runs headfirst into reality and shatters into an irreparable mess. We (and by that I mean the United States--sorry Joey, are the new passport rules reciprocal?) have long gone past the station where we have limited government, and this train isn't going back. The only true remaining small government conservatives--my Libertarians--can't win a national election, and due to changing demographics, probably won't ever. Both ends of the spectrum want to use the power of the government to divvy up the spoils, they just favor different constituents.
Those truths being recognized, the reality of the situation is that poor people aren't going away. They are not going to peacefully let themselves and their families starve to death in order to please some pointy-headed political theorist who uses big words to legitimate social darwinism--it just isn't going to go down that way--no matter how much the haves wish "those people would just go away." Nor are poor people going to let themselves or their children die from sickness and disease just because they don't have money for treatment like the haves do. Along that point, as a society, we don't have the stomach to step over the bodies of dead children on the steps of our hospitals, so I don't foresee any type of push to legislate the refusal of treatment based on inability to pay. These are the realities of the situation. Additionally, poor people get to vote, and the ancient Romans showed us that the "mob will always vote itself more bread and circuses." Again, I am merely stating fact. While I think Atlas Shrugged is one of the finest pieces of literature ever penned, this country will not absorb its lesson in the forseeable future--and probably not ever. Once the framework of reality as set forth above is recognized, solutions which fit into that framework can then be constructed. Of course, I'm assuming a desire for solutions, rather than just an futile opportunity to demonstrate how much hatred for the next person the poster has. . .
I don't like what our government has become, but pissing into the wind about shoulda, woulda, coulda, or maybes and mights, is nothing more than a glorified circle-jerk. Taxes aren't "going away" and tax rates will remain progressive. Society--and again I'm speaking of American society--is not a zero-sum game where every piece of pie the next man gets means one less for me. A rudimentary understanding of economics can tell us that.
I have described reality for the forum; which "solutions" proposed in this thread would be workable in the real world?
Okay, back to entertaining stick-poking. . .

http://forums.eog.com/politics-and-government/a-radical-thought-227237.html?highlight=station

March 11, 2009:

Quote:
<table border="0" cellpadding="3" cellspacing="0" width="100%"> <tbody><tr> <td class="alt2" style="border: 1px inset ;"> Originally Posted by Road Dawg
Doc,

Running mates for public office can't be seen openly bickering.

Now if 4625 or ZZ would join my ticket, I might consider it.
</td> </tr> </tbody></table>
We'd swear in on Tuesday and face impeachment by Friday. For starters, once we tried to explain to Congress that the federal government wasn't meant to be the grand answer for everything; or told people that it wasn't right to vote their way into seizing another's labor or property, the machine would immediately try to spit us out at projectile velocities.

http://forums.eog.com/politics-and-...mbi-answering-210232-2.html?highlight=station

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Democrats propose $1.9T increase in debt limit

:shoot::shoot::shoot::shoot::shoot::shoot::shoot::shoot:

By ANDREW TAYLOR, Associated Press Writer
Wednesday, January 20, 2010


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<!-- end types/article/articletools.tmpl -->(01-20) 15:39 PST WASHINGTON, (AP) --
Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.




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<!--/articlebox -->The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.
It's hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown's victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government's financial straits can be shared by both political parties.
The measure came to the floor under rules requiring 60 votes to pass. That's an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority.
Democratic leaders are also worried that Sen. Evan Bayh, D-Ind., who opposed the debt limit increase approved last month, will vote against the measure.
The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year's deficit hit a phenomenal $1.4 trillion, and the current year's deficit promises to be as high or higher.
Congress has never failed to increase the borrowing limit.
"We have gone to the restaurant. We have eaten the meal. Now the only question is whether we will pay the check," said Finance Committee Chairman Max Baucus, D-Mont. "We simply must do so."
A White House policy statement said the increase "is critically important to make sure that financing of federal government operations can continue without interruption and that the creditworthiness of the United States is not called into question."
Less than a decade ago, $1.9 trillion would have been enough to finance the operations and programs of the federal government for an entire year. Now, it's only enough to make sure Democrats can avoid another vote before Election Day.
Republican Sen. John Thune of South Dakota immediately offered an amendment to end the bank and Wall Street bailout, officially known as the Troubled Asset Relief Program, or TARP. Thune would prohibit further expenditure of TARP funds and would require that all funds paid back be used to retire debt.
The latest increase comes on top of a stopgap $290 billion measure that cleared the Senate on Christmas Eve. Given the country's finances, that measure would last only about six weeks, lawmakers said, requiring the far larger measure that's pending.





Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/01/19/national/w131715S99.DTL#ixzz0dCSU9NTr

 

[4625]

Re: The U.S. Economy is being Marched to the Gallows

Ah! A very nice "bump" which reveals some of my more inspired efforts! I approve of this tomfoolery. . .Carry on. . .

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

<TABLE><TBODY><TR><TD class=headline_symbol>GLD
SLV


</TD><TD class=headline_title>Gold Decouples on International Debt Crisis Concerns - Gold Forecast to Reach $3,000<CITE>at Seeking Alpha</CITE></TD></TR></TBODY></TABLE>



<!-- Copyright 2009 Drudge Report, All Rights Reserved. Redistribution Prohibited --><TT><!-- Main headlines links BEGIN --><! MAIN HEADLINE><CENTER>[FONT=ARIAL,VERDANA,HELVETICA][SIZE=+7] [/SIZE][/FONT]


[SIZE=+7][FONT=ARIAL,VERDANA,HELVETICA]UNEMPLOYMENT RISES TO 9.9% [/FONT][/SIZE]</CENTER><CENTER></CENTER></TT>

 

[roscoe]

Re: The U.S. Economy is being Marched to the Gallows

:thumbsup:thumbsupApril Jobs report: Best gain in four years:thumbsup:thumbsup

<!-- KEEP -->

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

:thumbsup:thumbsupApril Jobs report: Best gain in four years:thumbsup:thumbsup

<!-- KEEP -->

I am sure Bruce just forgot to add that good news.

 

[BCTTWR]

Re: The U.S. Economy is being Marched to the Gallows

The two Obama Zombies, roscoe & tank. Mindless sheep to the snake oil salesman.

Unemployment up in April. And those jobs are from the expansion of government. Temporary Census workers who will be in the unemployment line in the fall. In the meantime, the Federal debt continues to spiral out of control.

 

[roscoe]

Re: The U.S. Economy is being Marched to the Gallows

The two Obama Zombies, roscoe & tank. Mindless sheep to the snake oil salesman.

Unemployment up in April. And those jobs are from the expansion of government. Temporary Census workers who will be in the unemployment line in the fall. In the meantime, the Federal debt continues to spiral out of control.

incorrect. manufactoring had the biggest gain! they didn't tell you that at fox news?

 

[roscoe]

Re: The U.S. Economy is being Marched to the Gallows

The two Obama Zombies, roscoe & tank. Mindless sheep to the snake oil salesman.

Unemployment up in April. And those jobs are from the expansion of government. Temporary Census workers who will be in the unemployment line in the fall. In the meantime, the Federal debt continues to spiral out of control.

Broad-based gains: The job picture got a lift from the addition of 66,000 jobs by the U.S. Census Bureau, which is in the process of completing the once-in-a-decade headcount of the U.S. population.

But the gains went far beyond that one-time Census boost, as private sector employers added 231,000 jobs. And the gains were broad based, as nearly two-thirds of industries across the private sector added jobs rather than cutting staff.

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

The two Obama Zombies, roscoe & tank. Mindless sheep to the snake oil salesman.

Unemployment up in April. And those jobs are from the expansion of government. Temporary Census workers who will be in the unemployment line in the fall. In the meantime, the Federal debt continues to spiral out of control.

Good to see the mindless sheep has added another stupid comment.The biggest gain in over 4 years and you snot nosed dipshits want to try and say it is because of the census workers???:LMAOKeep watching Fox and getting a good education there Gomer.

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Keep drinking the Kool Aide guys

Its all Govt propaganda, wake up

188,000 jobs cant be confirmed, pure bullshit


Broader Rate Increases to 17.1%...

Morning Bell: A Recovery Only Washington Could Love
Posted By Conn Carroll On May 7, 2010 @ 9:27 am In Enterprise and Free Markets | 25 Comments
<IFRAME src="http://api.tweetmeme.com/button.js?url=http%3A%2F%2Fblog.heritage.org%2F2010%2F05%2F07%2Fmorning-bell-a-recovery-only-washington-could-love%2F&source=Heritage&style=normal" frameBorder=0 width=50 scrolling=no height=61></IFRAME>
Today the Labor Department?s Bureau of Labor and Statistics released its monthly jobs report <SUP>[1]</SUP> showing that the nation?s unemployment rose to 9.9% in April despite the addition of 290,000 jobs, 66,000 of which were temporary Census 2010 jobs. The rise in unemployment was driven by the entrance of 195,000 previously discouraged Americans reentering the workforce. In total, the U.S. economy has now lost a net of 2.6 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 7.6 million jobs short of the 137.8 million he promised the American economy would support by 2010.
It is encouraging to see the American economy beginning to recover, but these numbers again indicate that the Obama administration?s heavy government hand has retarded and deformed what otherwise would have been a more robust recovery. The White House may tout Congressional Budget Office (CBO) reports showing their $862 billion stimulus created jobs, but the CBO has also admitted <SUP>[2]</SUP> their computer simulation didn?t take any actual new real world data into account. To the contrary, an independent study of real world stimulus facts found <SUP>[3]</SUP>: 1) no statistical correlation between unemployment and how the $862 billion was spent; 2) that Democratic districts received one-and-a-half times as many awards as Republican ones; and 3) an average cost of $286,000 was awarded per job created. $286,000 per job created.
And what kind of jobs were created? According to Gallup <SUP>[4]</SUP> the federal government is hiring at a significantly faster pace than the private sector. And data from BLS confirms that governments are increasing public sector pay at far faster rates than the private sector <SUP>[5]</SUP>. None of this should be a surprise. President Obama specifically designed his stimulus <SUP>[6]</SUP> to preserve government union jobs.
Not that President Obama?s agenda has failed to produce any private sector jobs. The Washington economy is booming <SUP>[7]</SUP> as private firms have been forced to hire legions of lawyers and lobbyists to both protect their firms from Obama?s new agenda and find ways they can turn it into profit. This is why energy companies are spending millions on lobbyists to shape legislation <SUP>[8]</SUP> instead of on scientists to find energy. It is why software companies are spending millions on lawyers <SUP>[9]</SUP> to get federal government business instead of on engineers to develop new technologies. Back in 1994, columnist Jonathan Rauch explains what happens when Washington becomes a center of profit for the private sector:

Economic thinkers have recognized for generations that every person has two ways to become wealthier. One is to produce more, the other is to capture more of what others produce. ? Washington looks increasingly like a public-works jobs program for lawyers and lobbyists, a profit center for professionals who are in business for themselves.
​

What happens when big government, and the big businesses best capitalized to influence it, are the main drivers of economic recovery? The recovery is slower and smaller than it otherwise would have been. A recent study by the Kaufman Foundation <SUP>[10]</SUP> found that small businesses have led America out of its last seven recessions, generating about two of every three new jobs during a recovery <SUP>[11]</SUP>. But under this Obama recovery, not only are government jobs growing faster than private sector jobs <SUP>[4]</SUP>, but jobs are rebounding faster at large employers than small businesses <SUP>[12]</SUP>.
And the Obama agenda is only set to make the environment for small businesses worse. The Obama budget plans to raise taxes on the small businesses that earn 72% of all small business income <SUP>[13]</SUP>. Taxes on capital gains are set to increase to 20% while taxes on dividends are set to rise to 39.6% <SUP>[13]</SUP>. Obamacare not only inflicts $503 billion in new taxes by 2019, $87 billion of which come from employer mandate penalties <SUP>[14]</SUP>, but also burdens small businesses with new 1099 IRS paperwork every time they do more than $600 in business with another entity <SUP>[13]</SUP>. Oh, and Obama is proposing more IRS funding and a change in law that will make it harder for small businesses to hire independent contractors <SUP>[15]</SUP>.
There are far more types of small businesses engaged in more kinds of economic activity than Congress can devise special policy to help. This sort of one-off, micro-managing, tinkering policy may gain a headline and support, but it will not help small businesses broadly <SUP>[13]</SUP>. The more Washington taxes and regulates, the harder it is for small businesses to innovate, force big businesses to be more productive and create new jobs. The more the Obama agenda is implemented, the slower our recovery will be.

 

[Joe Contrarian]

Re: The U.S. Economy is being Marched to the Gallows

Keep drinking the Kool Aide guys

Its all Govt propaganda, wake up

188,000 jobs cant be confirmed, pure bullshit

Broader Rate Increases to 17.1%...

Wow!

How many tanks do you think are throwing bottle rockets in Greece, brucefan? :+textinb3

 

[Joe Contrarian]

Re: The U.S. Economy is being Marched to the Gallows

So the number "magically" stays below double-digits.

Uh huh.

"Added 231K" :LMAO...

So if unemployment keeps rising, how many were lost? Where are those numbers, geniuses? :blink:

Like most people don't see through this Pravda BS...well, except our Kool Aid-drinkin' sheep.

Damn, Marxism is so much fun!

 

[brucefan]

Re: The U.S. Economy is being Marched to the Gallows

Who are the sheep? You tell me? You thinks it "Fox News " viewers huh

Well read this pure propaganda spin machine , US NEWS headline and realize, maybe I am the sheep? :doh1

May 7

<!-- end of the calendar div -->US News: ?A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back?

Author: Mac Slavo
<!-- end author div -->- May 7th, <INS style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 468px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 60px; BORDER-BOTTOM-STYLE: none"><INS style="PADDING-RIGHT: 0px; DISPLAY: block; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 468px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 60px; BORDER-BOTTOM-STYLE: none"><IFRAME id=google_ads_frame1 style="LEFT: 0px; POSITION: absolute; TOP: 0px" name=google_ads_frame marginWidth=0 marginHeight=0 src="http://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-8704497261580929&output=html&h=60&slotname=3290394761&w=468&lmt=1273323296&flash=10.0.45.2&url=http%3A%2F%2Fwww.shtfplan.com%2Fheadline-news%2Fus-news-a-rising-unemployment-rate-is-actually-one-of-the-best-signs-yet-that-the-economy-is-bouncing-back_05072010&dt=1273323296181&shv=r20100422&correlator=1273323296197&frm=0&ga_vid=1133191598.1270234040&ga_sid=1273323275&ga_hid=199362069&ga_fc=1&u_tz=-240&u_his=9&u_java=1&u_h=800&u_w=1280&u_ah=770&u_aw=1280&u_cd=32&u_nplug=0&u_nmime=0&biw=1259&bih=654&ref=http%3A%2F%2Fwww.shtfplan.com%2Fheadline-news%2Fus-news-a-rising-unemployment-rate-is-actually-one-of-the-best-signs-yet-that-the-economy-is-bouncing-back_05072010&fu=0&ifi=1&dtd=47&xpc=tfyxHxdBNa&p=http%3A//www.shtfplan.com" frameBorder=0 width=468 scrolling=no height=60 allowTransparency></IFRAME></INS></INS>
<!-- END Ads -->The Labor department reports that our official unemployment rate has risen to 9.9% and the official ?underemployment? rate is now at 17.1%.
Not to worry though, because according to some, this is a very positive sign of recovery.
US News says that ?a rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.? Yes, you read that right.
Here?s their reasoning:

It sounds dreadful. After drifting down consistently since last fall, the unemployment rate has suddenly shot up again, from 9.7 percent in March to 9.9 percent in April. But don?t despair: A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.
The unemployment rate rose for the right reason. Instead of shedding jobs, employers added 290,000 jobs in April, the strongest showing since 2007. The reason the unemployment rate went up is that a lot more people are suddenly looking for work. The government said that the labor force swelled by 805,000 people in April. That?s more than three times the number of new jobs, so the proportion of people looking for a job but unable to find one went up. Still, that big increase in the labor force marks an important shift in sentiment among people on the fringes of the economy.
One of the most worrisome trends throughout the recession and early stages of the recovery has been the declining size of the U.S. labor force itself. By late last year, so many unemployed people had given up looking for a job that the labor force participation rate?the percent of adults who either have a job or are looking for one?had fallen to a 25-year low. Others who might have entered the labor force?recent graduates, stay-at-home spouses?decided not to.
..
About 195,000 formerly discouraged workers have now reentered the labor force, presumably because they think the chances of finding a job are getting better. That?s a tiny fraction of the 6.7 million Americans who count as the long-term unemployed, but it?s still a break in the gloom.
​

Call us crazy, but we think that formerly ?discouraged? workers were discouraged because there are no jobs to be had.


In fact, 80% of those who lost their jobs last summer still can?t find work today!


And the reason for them reentering the workforce is not because they think the chances of finding a job are getting better, but because they are broke - they?ve used up their savings, taken out what they can from their retirement accounts, maxed out their credit cards, and their unemployment benefits have run out. We can?t think of a better motivator to start looking for a job than this.

The fact that these formerly ?discouraged? workers are now being counted is an indicator of the severity of the problem. This is not positive news.
Nice try, though, US News.

A quick note on the 290,000 jobs added by ?employers? last month: According to this report, 66,000 of those jobs were census workers, which means in about 6 months those jobs will be gone, and another 188,000 jobs we related to the birth/death statistic. Thus, we added only 36,000 jobs, significantly less than the government reports and not as bright a number as US News, et. al. make it out to be.
<SCRIPT type=text/javascript>AKPC_IDS += "5608,";</SCRIPT><!-- AUTHOR BIO INFO -->Author: Mac Slavo
Date: May 7th, 2010
Visit the Author's Website: http://www.SHTFplan.com/

<!-- END AUTHOR BIO INFO --><!-- ADDTHIS BUTTON BEGIN --><SCRIPT type=text/javascript>addthis_pub = 'shtfplan'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png';addthis_logo_background = 'EFEFFF';addthis_logo_color = '666699';addthis_brand = 'Your Site';addthis_options = 'favorites, email, digg, delicious, myspace, facebook, google, live, stumbleupon, more';</SCRIPT>

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

So the number "magically" stays below double-digits.

Uh huh.

"Added 231K" :LMAO...

So if unemployment keeps rising, how many were lost? Where are those numbers, geniuses? :blink:

Like most people don't see through this Pravda BS...well, except our Kool Aid-drinkin' sheep.

Damn, Marxism is so much fun!

Read a paper would ya!!It is because all the people that gave up looking for a job have seen that companies are hiring now so they have started looking again!
Quote from "
The rise in the unemployment rate is actually a sign of improving perception of labor market conditions. The increase was due to an uptick in job seekers who had previously been discouraged and dropped out of the job market. There was a jump of 805,000 workers returning to the labor force in April alone.91023i2ndw;l

Leave it to the manic depressant sheep to try and find something to cry about.What a sad group of idiots. So for the record when over 200k jobs are added to the private sector it is a bad thing.Okay gotcha!!

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

188,000 jobs we related to the birth/death statistic. Thus, we added only 36,000 jobs, significantly less than the government reports and not as bright a number as US News, et. al. make it out to be.
<script type="text/javascript">AKPC_IDS += "5608,";</script><!-- AUTHOR BIO INFO -->Author: Mac Slavo
Date: May 7th, 2010
Visit the Author's Website: http://www.SHTFplan.com/

<!-- END AUTHOR BIO INFO --><!-- ADDTHIS BUTTON BEGIN --><script type="text/javascript">addthis_pub = 'shtfplan'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png';addthis_logo_background = 'EFEFFF';addthis_logo_color = '666699';addthis_brand = 'Your Site';addthis_options = 'favorites, email, digg, delicious, myspace, facebook, google, live, stumbleupon, more';</script>

Birth /death statistic.:LMAO:LMAOGood God is this guy another one of the people that Fox and Glenn Beck promote??You know when Glenn promotes Gold and other sites on air for the sheep to go and be depressed??:+excited- Yes Bruce it is bad.When we was losing 200k jobs a month it was bad but now that over 200k jobs have been added it is still bad.I understand your logic just fine.2348ji23e

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

Keep drinking the Kool Aide guys

Its all Govt propaganda, wake up

188,000 jobs cant be confirmed, pure bullshit

.

188k jobs cannot be confirmed :LMAO:LMAOGood God you manic depressant sheep will fall for any idiots bad news and run with it.Yes Bruce it is getting worse out there alright.:LMAO

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

Oh and yes Bruce it is a government conspiracy just like the birth certificate.:blink::blink:

 

[Joe Contrarian]

Re: The U.S. Economy is being Marched to the Gallows

Read a paper would ya!!It is because all the people that gave up looking for a job have seen that companies are hiring now so they have started looking again!
Quote from "
The rise in the unemployment rate is actually a sign of improving perception of labor market conditions. The increase was due to an uptick in job seekers who had previously been discouraged and dropped out of the job market. There was a jump of 805,000 workers returning to the labor force in April alone.91023i2ndw;l

Leave it to the manic depressant sheep to try and find something to cry about.What a sad group of idiots. So for the record when over 200k jobs are added to the private sector it is a bad thing.Okay gotcha!!

As the GM thread clearly proved, the union hack never made it through grade 4 math. :doh1

The unemployment rate ticked up 0.2%" -- in spite of "creating" 200,000 jobs. How does that work?

Answer: it doesn't.

It means more jobs were LOST than 'created'.

So why even report 'created' jobs? This is like going 2-6 on your football picks and bragging about your 2 wins. Like that would go over well with the EOG faithful. 2348ji23e

So the headline should read:

Economy Loses 700,000 Jobs, Employment Rate Now Near 10%

But we don't live in reality anymore. We live in the creepy dreamy world of Marxism where chickens not only fly, but land on your dinner plate cooked and prepared ready for you to eat.

Mmmmm...mmmmm...mmmmmm...

As for this empty nonsense that more people looking for work is a sign the "economy is looking up", it's real simple:

• People with jobs are employed

• People who are jobless, looking for jobs, and available for work are unemployed.

The rest is spin.

And since tank's Fuhrer declared 10% unemployment the "new normal"...well...9.9% is great news cuz it's under par! Just like the commies did with Obamacare -- massage the numbers until it fits their bullshit "projections"...

Hooray for the Kenyan messiah! Yay! The Economy is on the rebound! :doh1

Joe C, brucefan and Fox News...they're just haters and racists! 2938u4ji23

 

[tank]

Re: The U.S. Economy is being Marched to the Gallows

As the GM thread clearly proved, the union hack never made it through grade 4 math. :doh1

The unemployment rate ticked up 0.2%" -- in spite of "creating" 200,000 jobs. How does that work?

Answer: it doesn't.

It means more jobs were LOST than 'created'.

So why even report 'created' jobs? This is like going 2-6 on your football picks and bragging about your 2 wins. 2348ji23e

So the headline should read:

Economy Loses 700,000 Jobs, Employment Rate Now Near 10%

But we don't live in reality anymore. We live in the creepy dreamy world of Marxism where chickens not only fly, but land on your dinner plate cooked and prepared ready for you to eat.

Mmmmm...mmmmm...mmmmmm...

As for this empty nonsense that more people looking for work is a sign the "economy is looking up", it's real simple:

• People with jobs are employed

• People who are jobless, looking for jobs, and available for work are unemployed.

The rest is spin.

And since tank's Fuhrer declared 10% unemployment the "new normal"...well...9.9% is great news cuz it's under par! Just like the commies did with Obamacare -- massage the numbers until it fits under their "projections"...

Hooray for the Kenyan messiah! Yay! The Economy is on the rebound! :doh1

Joe and brucefan and Fox News...they're just haters and racists! 2938u4ji23

You are really dense.
We're now adding enough jobs that previously discouraged workers are returning to the labor force to vie for them. But until they actually get one of those jobs, they go from being invisible in the unemployment data to one of the unemployed.

Jobs May Be Growing Faster Than Thought, Households Say


http://preview.bloomberg.com/news/2...as-household-survey-suggests-bigger-jump.html

Small companies may be behind the recent increase in household jobs. Bookings at Monster Worldwide Inc.?s e-commerce site which is used predominantly by small businesses, were up 25 percent in the first quarter compared with a year earlier, Chief Executive Officer Sal Iannuzzi said last week.

?Dramatic Pickup?

?We have seen a dramatic pickup in the small business segment, where the recession first showed itself,? Iannuzzi said on a conference call April 29. ?Traditionally small business growth is a precursor to recovery in medium and large businesses. Therefore we believe we?ll see more pickup in these areas as the year progresses.?

Yes Joe it is baddddddd!!It is getting much worse out there alright!!!Take a blue pill and maybe you will realize that things can and do get better.

 

[Joe Contrarian]

Re: The U.S. Economy is being Marched to the Gallows

Hilarious watching the Obama zombies celebrate 'created' jobs while conveniently ignoring that the unemployment rate went UP 2 tenths of a percent from 9.7% to 9.9%. In their blind cult, this is "good news"? :LMAO

Folks, we're dealing with a bunch of lying delusional moronic idiots with degrees in Sesame Street math. :blink:

tank: I'm 2-0 on my late game picks!!! Woohoo!! 91023i2ndw;l

forum: Err, umm, what about your 0-6 run earlier in the afternoon? :+clueless

tank: shut up haters! I'm on a roll! Things are looking up!! Waaaahhhhh! Waaaahhhhh!! You haters just want me fail! Waaaaahhhh! Stop picking on me!! Wahhhhhh!!! Call the mods!! Wahhhhhhhh!!

You roscoe and the rest of the sheep worshiping the Kenyan are delusional :3dgros13:

THAT'S RIGHT! I SAID IT!

Mr. Reality to tank: go pound sand, dumbass.