Author Topic: The O'Bama Depression Thread  (Read 73670 times)

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Online Pandora

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Re: The O'Bama Depression Thread
« Reply #360 on: October 05, 2012, 04:51:49 PM »
Yep.  But we'll need a new one for "Continued fallout from Obama's depression".
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

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Offline Glock32

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Re: The O'Bama Depression Thread
« Reply #361 on: October 05, 2012, 04:58:54 PM »
This was as predictable as the sun rising in the east tomorrow morning.  I just wonder how much effect it will have.  The narrative to go along with it will certainly be "surely you don't want to change leadership right when things are finally starting to click into place, do you?"

Romney will need to bypass the media and speak to the American people directly. This is in essence like boasting that casualty rates declined after the Battle of the Somme. Yeah, that's because there were over 30,000 of them in about the first 40 minutes of that battle. The shrinking size of the work force, that was yesterday's casualties.
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Online Pandora

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Re: The O'Bama Depression Thread
« Reply #362 on: October 05, 2012, 05:13:38 PM »
More on the jobs numbers ....

Fact Check: Labor Secretary Solis Misleads on Jobs Revisions

Quote
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.

... Note that Solis describes the 86,000 upward revision as if it were an increase in private sector jobs, though in fact the increase came entirely from revisions to public sector payrolls by cash-strapped federal and state governments. Instead of shedding jobs, as previously claimed, governments have been adding jobs.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

Offline John Florida

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Re: The O'Bama Depression Thread
« Reply #363 on: October 05, 2012, 08:12:59 PM »
More on the jobs numbers ....

Fact Check: Labor Secretary Solis Misleads on Jobs Revisions

Quote
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.

... Note that Solis describes the 86,000 upward revision as if it were an increase in private sector jobs, though in fact the increase came entirely from revisions to public sector payrolls by cash-strapped federal and state governments. Instead of shedding jobs, as previously claimed, governments have been adding jobs.



 Those numbers are BULL!
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Offline LadyVirginia

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Re: The O'Bama Depression Thread
« Reply #364 on: October 05, 2012, 10:11:08 PM »
Yahoo news is doing their best to help Obama.  Their headline read:  Unemployment plunges...

with a word like plunges I'd expect something HUGE.

That's like saying I plunged down to the next step on the staircase
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Offline Glock32

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Re: The O'Bama Depression Thread
« Reply #365 on: October 05, 2012, 10:16:28 PM »
Yeah I believe "tumbles" was the word Reuters used.
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Re: The O'Bama Depression Thread
« Reply #366 on: October 05, 2012, 10:22:13 PM »
And the news-readers used by local reader narrated it the same way.

Truth.  They are not acquainted with it.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

Offline Glock32

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Re: The O'Bama Depression Thread
« Reply #367 on: October 05, 2012, 10:59:49 PM »
Frankly I'm ready for them to become acquainted with something else. They are, as Pat Caddell said, enemies of the American people. The destruction they have wrought is very real, and done entirely on purpose.
"The Fourth Estate is less honorable than the First Profession."

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charlesoakwood

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Re: The O'Bama Depression Thread
« Reply #368 on: October 05, 2012, 11:07:29 PM »

Decorations.

Offline Predator Don

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Re: The O'Bama Depression Thread
« Reply #369 on: October 06, 2012, 10:11:18 AM »
Shovel ready gov't jobs....
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Online Libertas

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Re: The O'Bama Depression Thread
« Reply #370 on: October 07, 2012, 07:28:18 PM »
Lot of part time jobs, something like 75% of the new adds, no doubt canvassers for Duh Wun that will be gassed next month and probably paid with illegal overseas money...
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Offline Weisshaupt

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Re: The O'Bama Depression Thread
« Reply #371 on: October 08, 2012, 08:20:25 AM »

Online Libertas

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Re: The O'Bama Depression Thread
« Reply #372 on: October 08, 2012, 11:28:22 AM »
Gimmie my $1m!
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Offline John Florida

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Re: The O'Bama Depression Thread
« Reply #373 on: October 08, 2012, 12:35:35 PM »
Gimmie my $1m!

  Nope sorry you don't qualify because yours wasn't saved or created,it's a real job and they don't qualify.
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Online Pandora

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Re: The O'Bama Depression Thread
« Reply #374 on: October 08, 2012, 01:38:20 PM »
Lot of part time jobs, something like 75% of the new adds, no doubt canvassers for Duh Wun that will be gassed next month and probably paid with illegal overseas money...

Never mentioned is the issue of work permits for foreigners. I wonder if they're still at 125,000 per month as they were in '09.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

Online Libertas

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Re: The O'Bama Depression Thread
« Reply #375 on: October 08, 2012, 08:34:31 PM »
I haven't seen anything recent on that but it is safe to assume it hasn't dropped.
We are now where The Founders were when they faced despotism.

Online Libertas

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Re: The O'Bama Depression Thread
« Reply #376 on: October 26, 2012, 08:00:43 AM »
How do you game GDP before an election? If you guessed "more government spending" you're a winner!

http://www.zerohedge.com/news/2012-10-26/q3-gdp-estimate-beats-expectations-government-consumption-soars

Unfortunately, this also makes you, and all of us, the loser!

 ::cussing::   ::gaah::   ::rockets::
We are now where The Founders were when they faced despotism.

Online Libertas

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Re: The O'Bama Depression Thread
« Reply #377 on: October 26, 2012, 10:22:17 AM »
More winning Obama-style:  US Debt:GDP 102.4%!

http://www.zerohedge.com/news/2012-10-26/september-30-2012-us-debt-gdp-1024

 ::speechless::   ::cussing::   ::angry::   ::gaah::   machinegun
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Online Libertas

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Re: The O'Bama Depression Thread
« Reply #378 on: November 01, 2012, 07:48:10 AM »
Numbers gaming, it never gets old -

http://www.zerohedge.com/news/2012-11-01/adp-jobs-number-unsurprisingly-beats-post-revision-expectation

Just remember 365K lost, pass on the Kool Aid...

Claims - The pattern of changing a hit to a miss a week later still holding true -

http://www.zerohedge.com/news/2012-11-01/initial-claims-beat-expectations-last-weeks-beat-revised-miss

Kabuki Economics, it's all the rage!

 ::mooning::
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Online Libertas

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Re: The O'Bama Depression Thread
« Reply #379 on: November 02, 2012, 07:55:56 AM »
Seasonally adjusted   ::)  U3 at 7.9%.

http://www.zerohedge.com/news/2012-11-02/putting-todays-job-number-seasonally-adjusted-context

Birth of a fraud, death of an economy...

 ::facepalm::
We are now where The Founders were when they faced despotism.