Anyone Who Believe the Economy is Getting Better is a FUCKING MORON!

[GHook93]

The "unofficial" unemployment is at 22%! That 10.2% is a disingenious mirage! See the chart and see below! They say the 10.2% because they don't want to call a spade a spade! We are in a DEPRESSION! The stock market went above 10,000 ! It was an artificial unsustainable increase that is bound to run out and rapidly go the other direction! Expect another bust within the next 6 months!

America is in a bad bad place! The political hacks point the finger at the other party! The fact is BOTH parties are equally at fault!

Shocking numbers: Real unemployment tops 22% true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi's Red Alert reports.

Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 recession.

Economist John Williams, publisher of ShadowStats.com, estimates that the peak of unemployment in nonfarm unemployment in the Great Depression of the 1930s would, by his methodology, have registered at 34 to 35 percent in 1933.

So, how does the Obama administration get away with reporting the lower unemployment percentage?

Corsi explained that the Clinton administration changed the way BLS calculates unemployment statistics by excluding "discouraged workers," those who had given up looking for a job because there were no jobs to be found.

Since the Clinton years, discouraged workers looking for a job for more than one year are not counted as "unemployed" because they are considered to have dropped out of the labor force.

The BLS still includes in "U6 Unemployment" calculations short-term discouraged workers, as long as they have been looking for a job less than one year.

This definition permits the Obama administration to under-report "U3 unemployment" at 10.2 percent when real unemployment as calculated before the Clinton administration redefinition is twice that amount, Red Alert contends, and U6 unemployment lies somewhere in between.

These differences are illustrated in the following chart that Williams produces in the "Alternative Data" section of his website named "Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting."

"The convenience is that by reporting unemployment at 10.2 percent instead of at 22.1 percent, the Obama administration can clearly continue advancing the argument the U.S. economy is in recovery and the recession is over, even if the truth belies those claims," Corsi wrote.

Williams concludes that the economy is not recovering, but has been stimulated by excess liquidity placed into the financial system by the Federal Reserve keeping federal-funds rates at the historically low rate of zero, or near zero.

"Understanding that the real level of unemployment in October 2009 was closer to 22 percent than to the officially reported 10 percent is an important corrective," Corsi wrote, "especially if we are to appreciate the extent to which a Dow at or above the 10,000 benchmark is nothing more than another Fed-created bubble."

With millions of jobs outsourced to China and India under free-trade globalism, the dollar weakness that accompanies most recessions is not stimulative, he explained, largely because the U.S. has lost so many manufacturing jobs that are never returning to its shores.

 

[Paulie]

There's too much liquidity right now sitting in bank reserves to just say the market is bound to come back down.

Right now, the future looks like stagflation at best. But equities, gold, etc, will still remain inflated because where ELSE would you put your cash?

 

[GHook93]

There's too much liquidity right now sitting in bank reserves to just say the market is bound to come back down.

Right now, the future looks like stagflation at best. But equities, gold, etc, will still remain inflated because where ELSE would you put your cash?

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

 

[Paulie]

There's too much liquidity right now sitting in bank reserves to just say the market is bound to come back down.

Right now, the future looks like stagflation at best. But equities, gold, etc, will still remain inflated because where ELSE would you put your cash?

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

Does the world's existence depend on CIT and AIG?

Someone else will come along and take their market share. That's capitalism.

AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

My fears are inflation leading to stagflation.

 

[GHook93]

There's too much liquidity right now sitting in bank reserves to just say the market is bound to come back down.

Right now, the future looks like stagflation at best. But equities, gold, etc, will still remain inflated because where ELSE would you put your cash?

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

Does the world's existence depend on CIT and AIG?

Someone else will come along and take their market share. That's capitalism.

AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

My fears are inflation leading to stagflation.

I am not a big fan of that answer, because Capitalism doesn't always take care of everything! Just because a company goes down doesn't mean a void will be filled! Jobs are going overseas with little hope of coming back, construction jobs are not being funded by the previous reckless handing out of credit and many like actions. New regulations, such as cap and trade (kill and bury business law), new business regulations etc are not making things better!

Smart Capitialism is what I am for!

 

[Toro]

So John Chambers, the CEO of Cisco, the biggest and most important networking company in the world, who said that business orders are picking up and the economy is getting better is a fucking moron?

 

[johnrocks]

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

Does the world's existence depend on CIT and AIG?

Someone else will come along and take their market share. That's capitalism.

AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

My fears are inflation leading to stagflation.

I am not a big fan of that answer, because Capitalism doesn't always take care of everything! Just because a company goes down doesn't mean a void will be filled! Jobs are going overseas with little hope of coming back, construction jobs are not being funded by the previous reckless handing out of credit and many like actions. New regulations, such as cap and trade (kill and bury business law), new business regulations etc are not making things better!

Smart Capitialism is what I am for!

What is Smart Capitalism and who defines it?

 

[KittenKoder]

So John Chambers, the CEO of Cisco, the biggest and most important networking company in the world, who said that business orders are picking up and the economy is getting better is a fucking moron?

Cisco is world wide.

 

[edthecynic]

The "unofficial" unemployment is at 22%! That 10.2% is a disingenious mirage! See the chart and see below! They say the 10.2% because they don't want to call a spade a spade! We are in a DEPRESSION! The stock market went above 10,000 ! It was an artificial unsustainable increase that is bound to run out and rapidly go the other direction! Expect another bust within the next 6 months!

America is in a bad bad place! The political hacks point the finger at the other party! The fact is BOTH parties are equally at fault!

Shocking numbers: Real unemployment tops 22% true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi's Red Alert reports.

Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 recession.

Corsi, WingNutsDaily, accurate, .... NEVER!!!!!!

But going along with the "Corsi Rationalization," U3 peaked at 9% for May 1975 and never hit double figures during the period 1973 to 1975, but during the Reagan Recession of 1982-1983, U3 peaked at 10.8% Nov and Dec of 1982 and was in double figures 10 consecutive months, so St Ronnie's real UE would be around 25% to 26% at the very least and maybe as high as 30%.

But CON$ have a selective memory that blocks out the Reagan Recession of 1982 and 1983 and only remembers the Nixon/Ford recession of 1973 to 1975.

 

[eagleseven]

U6 unemployment is slightly above 17%.

 

[Kevin_Kennedy]

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

Does the world's existence depend on CIT and AIG?

Someone else will come along and take their market share. That's capitalism.

AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

My fears are inflation leading to stagflation.

I am not a big fan of that answer, because Capitalism doesn't always take care of everything! Just because a company goes down doesn't mean a void will be filled! Jobs are going overseas with little hope of coming back, construction jobs are not being funded by the previous reckless handing out of credit and many like actions. New regulations, such as cap and trade (kill and bury business law), new business regulations etc are not making things better!

Smart Capitialism is what I am for!

If a void isn't filled then that's important information. It means that the market doesn't want that void filled.

 

[Annie]

The "unofficial" unemployment is at 22%! That 10.2% is a disingenious mirage! See the chart and see below! They say the 10.2% because they don't want to call a spade a spade! We are in a DEPRESSION! The stock market went above 10,000 ! It was an artificial unsustainable increase that is bound to run out and rapidly go the other direction! Expect another bust within the next 6 months!

America is in a bad bad place! The political hacks point the finger at the other party! The fact is BOTH parties are equally at fault!

Shocking numbers: Real unemployment tops 22% true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi's Red Alert reports.

Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 recession.

Economist John Williams, publisher of ShadowStats.com, estimates that the peak of unemployment in nonfarm unemployment in the Great Depression of the 1930s would, by his methodology, have registered at 34 to 35 percent in 1933.

So, how does the Obama administration get away with reporting the lower unemployment percentage?

Corsi explained that the Clinton administration changed the way BLS calculates unemployment statistics by excluding "discouraged workers," those who had given up looking for a job because there were no jobs to be found.

Since the Clinton years, discouraged workers looking for a job for more than one year are not counted as "unemployed" because they are considered to have dropped out of the labor force.

The BLS still includes in "U6 Unemployment" calculations short-term discouraged workers, as long as they have been looking for a job less than one year.

This definition permits the Obama administration to under-report "U3 unemployment" at 10.2 percent when real unemployment as calculated before the Clinton administration redefinition is twice that amount, Red Alert contends, and U6 unemployment lies somewhere in between.

These differences are illustrated in the following chart that Williams produces in the "Alternative Data" section of his website named "Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting."

"The convenience is that by reporting unemployment at 10.2 percent instead of at 22.1 percent, the Obama administration can clearly continue advancing the argument the U.S. economy is in recovery and the recession is over, even if the truth belies those claims," Corsi wrote.

Williams concludes that the economy is not recovering, but has been stimulated by excess liquidity placed into the financial system by the Federal Reserve keeping federal-funds rates at the historically low rate of zero, or near zero.

"Understanding that the real level of unemployment in October 2009 was closer to 22 percent than to the officially reported 10 percent is an important corrective," Corsi wrote, "especially if we are to appreciate the extent to which a Dow at or above the 10,000 benchmark is nothing more than another Fed-created bubble."

With millions of jobs outsourced to China and India under free-trade globalism, the dollar weakness that accompanies most recessions is not stimulative, he explained, largely because the U.S. has lost so many manufacturing jobs that are never returning to its shores.

Well Chris is happy! There's no where to put money, if one has any, but the markets. The big bubble is about to burst.

 

[sealybobo]

What needs to be done to fix the economy? Lets analyze that and see which of you actually wants the economy to get better, and which of you don't.

Wages need to go up.

Nafta needs to be fixed. Bring jobs home.

People need to be able to organize. LABOR

Illegal employers need to stop hiring illegals. Not amnesty.

On another note, it wouldn't hurt if:

The rich need to start paying the taxes they paid pre GW.

We need to get out of Iraq/Afganistan.

All government contracts need to be examined for waste and fraud.

The government needs to put/keep healthcare providers and oil and all other "necessity" providers in check.

Lobbyists control of our government needs to end.

 

[Annie]

What needs to be done to fix the economy? Lets analyze that and see which of you actually wants the economy to get better, and which of you don't.

Wages need to go up.

Nafta needs to be fixed.

People need to be able to organize. LABOR

Illegals need to leave.

The rich need to start paying the taxes they paid pre GW.

We need to get out of Iraq/Afganistan.

All government contracts need to be examined for waste and fraud.

The government needs to put/keep healthcare providers and oil and all other "necessity" providers in check.

Lobbyists control of our government needs to end.

Dream on ijit. Any chance of the above were gone with socialism.

 

[Kevin_Kennedy]

What needs to be done to fix the economy? Lets analyze that and see which of you actually wants the economy to get better, and which of you don't.

Wages need to go up.

Nafta needs to be fixed. Bring jobs home.

People need to be able to organize. LABOR

Illegal employers need to stop hiring illegals. Not amnesty.

On another note, it wouldn't hurt if:

The rich need to start paying the taxes they paid pre GW.

We need to get out of Iraq/Afganistan.

All government contracts need to be examined for waste and fraud.

The government needs to put/keep healthcare providers and oil and all other "necessity" providers in check.

Lobbyists control of our government needs to end.

The market needs to set wages, however. Mandating a rise in wages leads to higher unemployment.

 

[Paulie]

CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?

Does the world's existence depend on CIT and AIG?

Someone else will come along and take their market share. That's capitalism.

AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

My fears are inflation leading to stagflation.

I am not a big fan of that answer, because Capitalism doesn't always take care of everything! Just because a company goes down doesn't mean a void will be filled! Jobs are going overseas with little hope of coming back, construction jobs are not being funded by the previous reckless handing out of credit and many like actions. New regulations, such as cap and trade (kill and bury business law), new business regulations etc are not making things better!

Smart Capitialism is what I am for!

If you don't think someone else is going to take CIT's market share you need to study business more.

 

[Soggy in NOLA]

Most of the people who believe this are the asshats who don't work much anyway.. so for them its same old same old.

Another day, another 2 hours at the Starbucks.

 

[Maple]

What needs to be done to fix the economy? Lets analyze that and see which of you actually wants the economy to get better, and which of you don't.

Wages need to go up.

Answer, who is going to pay for wages going up? Business can't afford it, they are laying off.

Nafta needs to be fixed. Bring jobs home.

Answer, The U.S has the 2nd highest tax rate on corporations, it's way too expensive to do business here. If they reduce their rates to Austrailia 10% it would probably happen but they are coming back at a 35% tax rate.

People need to be able to organize. LABOR

Answer-oh there is plenty of that and it is also one of the major reasons the U>S car companies are toast. The car company can not afford to pay a high school graduate the equivalent of $65 per hour when Toyota pays $18.00 per hour. The cost of the car has to make up for the costs of those unions or go under. Toyota's are lookin good because of their price. Unions have a tendency to push the plate and they push that plate sooo hard that they end up bankrupting the companies that they work for.

Illegal employers need to stop hiring illegals. Not amnesty.

The democrats voted down e-verify a quick and easy system to determine who is an illegal, why don't you write your party about that.

On another note, it wouldn't hurt if:

The rich need to start paying the taxes they paid pre GW.

Answer-The rich already pay the extreme majority of taxes in this country, they are also the ones who invest in business so that others can have a job. Small business owners make over $250,000 and if you tax them more, they lay off more and more people.

We need to get out of Iraq/Afganistan.

Answer-Not until we win, we have in Iraq, but Afganistan would just fuel Al-qeuida again and then we get another 9-11 or worse.

All government contracts need to be examined for waste and fraud.

Answer-It's high time that was done, but good luck doing it, when the congress has their fingers in the pot. It's like letting the fox into the hen house.

The government needs to put/keep healthcare providers and oil and all other "necessity" providers in check.

Answer- the government needs to stay out of the way of business, they are the cause for most of the problems we have today. Freddie and Fannie mortgage backed securities, giving sweet deals to Chris Dodd from Country Wide- corruption. Government is no good at doing business, they need to get the hell out of the way and let the smart people do what they do best and that's create growth, opportunity and long term jobs.

Lobbyists control of our government needs to end.

Answer- Dead on right.

 

[manu1959]

What needs to be done to fix the economy? Lets analyze that and see which of you actually wants the economy to get better, and which of you don't.

Wages need to go up.

Nafta needs to be fixed. Bring jobs home.

People need to be able to organize. LABOR

Illegal employers need to stop hiring illegals. Not amnesty.

On another note, it wouldn't hurt if:

The rich need to start paying the taxes they paid pre GW.

We need to get out of Iraq/Afganistan.

All government contracts need to be examined for waste and fraud.

The government needs to put/keep healthcare providers and oil and all other "necessity" providers in check.

Lobbyists control of our government needs to end.

ok...........who are you and what have you done with sealy...........

 

[Neubarth]

So John Chambers, the CEO of Cisco, the biggest and most important networking company in the world, who said that business orders are picking up and the economy is getting better is a fucking moron?

Even during the last Great Depression, some companies made money and did it quite well. Just because the IT industry is starting to show some improvement does not mean that the present Great Delusional Depression is not happening.

I have been telling you guys that we are in a Depression. Some people are finally starting to believe what they have been seeing.

Remember I asked people to post their data showing that the economy is improving. Nobody could.