Unemployment spin Options

[freakintjwheeler]

I'm not going to get into the political fray about the unemployment numbers, other than to say the way the unemployment numbers in this country are calculated is a joke. Just like inflation, our politicians have twisted and warped the unemployment numbers to the point where they don't have bearing on reality any more.

We have a winner.

Women's studies isn't exactly a field in demand either.

[autolykos]

We have a winner.

Women's studies isn't exactly a field in demand either.

Ok, I said I wouldn't pipe in, but I wanted to point out the attached.

http://michaelscomments.files.wordpress.co...tember-dots.gif

Really scary stuff.

[f1.4]

It's amazing what you can do with numbers when you don't want that big "10%" to show up.



Oh, and Obama says he rescued us from catastrophe but he's not arrogant.

Sucks when you inherit a terrible recession as President and are being measured on a lagging indicator.

[f1.4]

Nah, just shows you how much BO is reaching. Again, how is the foreclosure assistance plan working? Noticed that BO has not been mentioning that situation lately.

Too busy holding Beer Summits!!!!

At least beer summits are less costly and less damaging than invading countries that have nothing to do with Al-Qaeda nor 9-11. Wish we had some of that cash now. Bush is by FAR the biggest controbutor to the current deficit. I hope the fundies on board realize that.

[illinimtk]

At least beer summits are less costly and less damaging than invading countries that have nothing to do with Al-Qaeda nor 9-11. Wish we had some of that cash now. Bush is by FAR the biggest controbutor to the current deficit. I hope the fundies on board realize that.

[freakintjwheeler]

Ok, I said I wouldn't pipe in, but I wanted to point out the attached.

http://michaelscomments.files.wordpress.co...tember-dots.gif

Really scary stuff.

And, it'll unfortunately get worse with a double dip likely.

[freakintjwheeler]

Sucks when you inherit a terrible recession as President and are being measured on a lagging indicator.

When Obama gets diarrhea, it'll also be Bush's fault.

Obama's won the election almost a year ago. His porkulus non-stimulus was a colossal waste of money and it was SO effective that the WH is not talking about another one.

[freakintjwheeler]

At least beer summits are less costly and less damaging than invading countries that have nothing to do with Al-Qaeda nor 9-11. Wish we had some of that cash now. Bush is by FAR the biggest controbutor to the current deficit. I hope the fundies on board realize that.

My guess was 3 posts until you start railing on the Iraq War.

I underestimated you.

[AugustIllini]

Ok, I said I wouldn't pipe in, but I wanted to point out the attached.

http://michaelscomments.files.wordpress.co...tember-dots.gif

Really scary stuff.

Anyone got an updated one of these graphs?

EPIC.FAIL.

[freakintjwheeler]

Anyone got an updated one of these graphs?

EPIC.FAIL.

[Oklegend]

I wonder if Rahm Emanuel is doubling down on his "a crisis is a terrible thing to waste" thinking?

He and a bunch of other Dems are about to be part of that unemployment number.

[freakintjwheeler]

I wonder if Rahm Emanuel is doubling down on his "a crisis is a terrible thing to waste" thinking?

He and a bunch of other Dems are about to be part of that unemployment number.

He's tripling down.

Have you seen the craptastic House Health Care Plan? Add that to the $1 trillion porkulus and it's clear that Rahmmy is all about using the situation to put forward a liberal wet dream.

[Oklegend]

He's tripling down.

Have you seen the craptastic House Health Care Plan? Add that to the $1 trillion porkulus and it's clear that Rahmmy is all about using the situation to put forward a liberal wet dream.

Oh, I'm aware. Any guesses on what happens with that today/tonight/tomorrow? I'm thinking it gets the 218 and Bill Owens (who shouldn't even rent a place in DC--more like live in his car--because he won't be there long) casts the decisive vote.

It seems like only the MSM is clueless to the fact that the Obama presidency has gone off the rails. A true train-wreck.

[Manhattan]

Obama has surprised me with his pomposity and complete cluelessness on the direction of this country. (Of course, the caveat is that perhaps he knows EXACTLY what he is doing to this country and the economy--which I would find even more offensive.) He promises change but rather than reform the financial community which has hijacked our country as well as our economy, he has merely continued the Bush policies of protectionism of those incompetents whose foolish lending policies created the incredible asset bubble that has led to the misery of so many Americans.

The only way to correct our economy is to restrict the government supported lenders who are throwing money at people who are borrowing more than they can afford. Unfortunately this restriction is not going to be voluntary--it's only going to happen when foreign countries stop lending our government the money they need to piss away on bailouts and FHA loans. I hope it's sooner rather than later.

[autolykos]

Obama has surprised me with his pomposity and complete cluelessness on the direction of this country. (Of course, the caveat is that perhaps he knows EXACTLY what he is doing to this country and the economy--which I would find even more offensive.) He promises change but rather than reform the financial community which has hijacked our country as well as our economy, he has merely continued the Bush policies of protectionism of those incompetents whose foolish lending policies created the incredible asset bubble that has led to the misery of so many Americans.

The only way to correct our economy is to restrict the government supported lenders who are throwing money at people who are borrowing more than they can afford. Unfortunately this restriction is not going to be voluntary--it's only going to happen when foreign countries stop lending our government the money they need to piss away on bailouts and FHA loans. I hope it's sooner rather than later.

Actually, lending will tighten when the Fed actually increases the Fed Funds rate to a reasonable level. Don't hold your breath though. Not only does the POTUS need the Fed Funds at ridiculously low levels to try and dig out of this massive unemployment, but any increase in rates of more than a couple hundreds BPs would absolutely crash the still bubbly housing market.