It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: Weisshaupt on January 05, 2012, 09:49:25 AM
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Typical bizzare spin for Reuters this morning (http://www.cnbc.com/id/45883035)
The news is all good for the jobs market so far in 2012: Separate reports Thursday showed a surge in private-sector job creation, a sharp drop in weekly unemployment claims and planned layoffs at their lowest level in six months.
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15000 is a "sharp drop"? A surge in Job Creation? As Hot Air (http://hotair.com/archives/2012/01/05/adp-report-shows-325k-jobs-added-in-december)points out:
In the week ending December 31, the advance figure for seasonally adjusted initial claims was 372,000, a decrease of 15,000 from the previous week’s revised figure of 387,000. The 4-week moving average was 373,250, a decrease of 3,250 from the previous week’s revised average of 376,500.The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending December 24, a decrease of 0.1 percentage point from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending December 24, was 3,595,000, a decrease of 22,000 from the preceding week’s revised level of 3,617,000. The 4-week moving average was 3,601,750, a decrease of 1,000 from the preceding week’s revised average of 3,602,750.
These of course are seasonally adjusted, and they can only do that by looking at past seasons. I suspect this season there were more temporary possions than normal, but any tiny boost to the numbers and the liberals are touting it- where I remeber the similar news under Bush was reported as evidence of a worsening economy. But show that to a liberal and they still can't see the media bias.
Meanwhile.. Europe is imploding as expected, driving more people into the dollar as a "Safe (for now) Haven" Hungarian yields soar (http://www.zerohedge.com/news/hungarian-yields-soar-cds-hits-record-bill-auction-fails), Spain is toast (http://www.theatlantic.com/business/archive/2012/01/every-single-economic-indicator-in-spain-looks-diastrous-6-graphs/250896/), and and the French bond auction essentially failed (http://www.bloomberg.com/news/2012-01-04/france-takes-market-pulse-with-bond-offering-as-aaa-rating-decision-looms.html) - meanwhile Obama is declaring a right to dictatorial control, appointing new memebrs to the NLRB and (co-incidentally I am sure) Boeing is laying off 2100 (http://seattle.cbslocal.com/2012/01/04/boeing-will-layoff-more-than-2100-workers-at-wichita-plant/) and Obama himself is laying off 10s of thousands from the Military in the middle of a war. (http://www.reuters.com/article/2012/01/04/us-usa-military-obama-idUSTRE8031Z020120104)
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Reuters, AP, NYT...who cares? They all trumpet Emperor Obama's greatness no matter how crappy things really are...
And it would never occur to these idiots that less people filing and collecting usually means more people giving up...and that NO hiring strength of actual JOB CREATION can be found!
It's all BS!
::)
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When I no longer worry about whether or not there will be enough revenue in my business to keep going...then I might believe.
When I see the "HOT DEALS ON FORECLOSURES" sign come down from in front of most real estate brokerages...then I might believe.
When I see fewer instead of more "THIS SPACE FOR LEASE" signs hanging in front of commercial properties...then I might believe.
When I can afford to pay unemployment insurance fees (and can therefore begin hiring again)...then I might believe.
I have no reason to believe the economy is turning around. They can spin this crap any way they like.
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When I no longer worry about whether or not there will be enough revenue in my business to keep going...then I might believe.
When I see the "HOT DEALS ON FORECLOSURES" sign come down from in front of most real estate brokerages...then I might believe.
When I see fewer instead of more "THIS SPACE FOR LEASE" signs hanging in front of commercial properties...then I might believe.
When I can afford to pay unemployment insurance fees (and can therefore begin hiring again)...then I might believe.
I have no reason to believe the economy is turning around. They can spin this crap any way they like.
::clapping::
Real hope and change.