patrick.net

RayAmerica says

Vicente says

By the time Bush left office, unemployment was worse than when he came in.

I’m not a defender of Bush, but facts are facts. Notice on your graph when unemployment began to straight line up. And what event took place within months of Bush taking office in 2001? Do you think maybe, just maybe, 9/11 had something to do with confidence, without which the economy sputters like a car with water in the gas tank?

Most people would assume it had something to do with things like.... DotBomb or.... globalization & outsourcing.. things like that.

I know that MAGICAL THINKERS like to think EVERYTHING revolves around CONFIDENCE.

But it doesn't. It's a factor to be sure, but if your underlying real economy is a mess you're hosed.

I'm sure Greenspan, Bush etc. all really believe if you give the guy with gangrene a pep talk and some painkillers he'll be right as rain. And he may feel fine and jump out of bed and start doing calisthenics. However eventually the smell and the real illness catches up with you.

U-6 is now at 17.1%, just a hair from its worst level ever during the height of the financial collapse.

September 2010 saw a rapid increase in U-6 unemployment.

California has a U-6 of nearly 23%!

There has been no recovery.

RayAmerica says

tatupu70 says

RayAmerica says
Unemployment figures (U-6) remain extremely weak and show no signs of lessening.
tatupu70 says
wrong. Latest reports show companies are planning on hiring over the next 6-12 months.
RayAmerica says
Housing inventory is at record highs
tatupu70 says
That’s not what I’ve seen. Do you have any links to back that?

Tatupu …. your post was made back in April. I’ll let it speak for itself instead of taking advantage of the situation by pointing out how wrong you were. LOL

Unbelievable. First off, companies are hiring. Private sector employment is growing--it's just getting masked a little bit because public sector employment is falling. Second--12 months is April 2011. Not sure how I can be wrong in October 2010 when what I posted talked about April 2011.

And I still don't think housing inventory was at record highs in April 2010. You were flat out wrong. Again.

Nice try though.

tatupu70 says

Unbelievable. First off, companies are hiring. Private sector employment is growing–it’s just getting masked a little bit because public sector employment is falling. Second–12 months is April 2011. Not sure how I can be wrong in October 2010 when what I posted talked about April 2011.

I'll let another poster answer. Maybe "kris" will have more success:

schmitz_kris says

U-6 is now at 17.1%, just a hair from its worst level ever during the height of the financial collapse.
September 2010 saw a rapid increase in U-6 unemployment.
California has a U-6 of nearly 23%!
There has been no recovery.

RayAmerica says

I’ll let another poster answer. Maybe “kris” will have more success:

Maybe. You're obviously not doing too well so a call to the bullpen might be in order.

Ray-

From today's headlines:

http://finance.yahoo.com/news/Unemployment-claims-drop-apf-3630307780.html?x=0

"The Labor Department said Thursday that initial claims for jobless benefits dropped by 21,000 to a seasonally adjusted 434,000 in the week that ended Oct. 23."

"Applications for unemployment aid fell steadily last year after the recession ended in June 2009, dropping from 600,000 to about 450,000 by January of this year."

"Pharmaceuticals company Novartis AG said Wednesday that it will add 300 new jobs and invest $600 million over the next five years in its research headquarters in Cambridge, Mass. And engine maker Cummins, Inc. said Tuesday that it will expand its headquarters in Columbus, Ind. and add at least 350 jobs by 2012."

Seems like some companies are hiring to me...

tatupu70 says

Seems like some companies are hiring to me…

I like your attitude. Very positive. "Some companies are hiring" has a nice ring to it. Unfortunately, I wish I could believe that a drop of 21,000 new jobless claims was a big deal, particularly when 434,000 new claims were registered for the week ending Oct. 23. After 18+ months of Obamanomics, job stimulus programs that have cost billions, TARP, loan modifications, etc. the economy remains in the stupor. The Chosen One claimed he would create 4 million jobs, he hasn't. He hasn't done one single thing to bring manufacturing back to this country. He hasn't fulfilled his campaign promise ("top priority") to renegotiate NAFTA & GATT. The American people have not been fooled. November 2nd. is the day they will go to the polls to register their disdain for this charlatan and his fellow travelers.

I thought the Teabaggers were going to bring us all new jobs.

LIED AGAIN!

Vicente says

I thought the Teabaggers were going to bring us all new jobs.
LIED AGAIN!

You have the "Teabaggers" mixed up with your Dear Leader. It was Dear Leader that promised "4 million new jobs" during the campaign. Too bad he didn't tell us those jobs were in China & India. Dear Leader also said "renegotiating NAFTA & GATT would be "top priority" as soon as he took office. Too bad for us that with Dear Leader, "top priority" means "two years and counting."

Vicente says

I thought the Teabaggers were going to bring us all new jobs.
LIED AGAIN!

Wait! Give them a chance...

Bwa-ha ha ha! nah I-I just playin' you shoulda seen your face though...

Democrats do have the PARTY OF NO to contend with after all. A bunch of crybabies who want to sabotage government. Astoundingly they manage to criticize the Wisconsin lawmakers for obstruction, while lying about the fact that they do it themselves.

Vicente says

Democrats do have the PARTY OF NO to contend with after all. A bunch of crybabies who want to sabotage government.

If only the GOP really were the "Party of No" to this pretender we have in the White House.

Are the Democrats of Wisconsin the "Party of No Show?"

RayAmerica says

Vicente says
Are the Democrats of Wisconsin the “Party of No Show?”

If it's good for the goose, it's good for the gander. To pretend otherwise is .... hypocrisy.

Is the "Party of No" preventing Dear Leader from renegotiating NAFTA & GATT as he repeatedly promised during the campaign?

NAFTA and GATT are good for America, the GOP is very clear on this. He's doubtless trying to compromise and prioritize. All fiscal and social conservatives are quite clear the best thing Democrats can do for this country is compromise. So you should be very happy.

JOBS?

Massachusettes job fair canceled due to lack of jobs. More evidence that the job market is improving, at least according to Dear Leader:

http://www.boston.com/business/ticker/2011/03/mass_job_fair_c.html?p1=Local_Links

RayAmerica,

Thanks for that link.

This just out: unemployment figures dip to below 9%. Unfortunately, under employment has increased to over 20%. The spin machine is working over time. I wonder if it is protected by a union?

http://www.gallup.com/poll/127091/underemployment-rises-march.aspx