Jobless Rate Climbs to 9.8 Percent in September

[Zander]

Barack Obama is the new Jimmy Carter. No clue on domestic policy and no clue on foreign policy. He cares about "mother earth" though.....

 

[The T]

The only corporation in America today with a profit is WalMart but the unions won't rest until they have ruined that too.

According to Mark Levin just awhile ago? the ONLY industry that has showed growth? [GET THIS]?

**IRONY ALERT**

The HealthCare Industry?

 

[JakeStarkey]

Unemployment is 9.8%, and the number of unemployed is about the same as Reagan's administration in 1983 when the population was about 24 million fewer. Reagan's popularity was lower than Obama's at that time, so I am not too worried about the wingnuts of the far right with their yelling: they have no credibility.

Hey, cons, go to the almanacs and infoplease and plug in some numbers and questions. See if you can flip my interpretation.

 

[garyd]

Yep this really isn't Obama's fault. It belongs lock stock and barrel to a Democratic congress who took control of the country with wall street at 14k and brought it to a crashing halt in just two years.

 

[Oddball]

Wait a minute...I thought we just hadda pass the economic succubus bill, or the unemployment rate could exceed 8%!

How'z that hopey changey thingy workin' out for y'all?

 

[garyd]

They can't here you dude. It's that mantra thingy as several million idiots continue to chant hope, change, hope, change, O-ba-ma O-ba-ma like starving primitives in front of some obscene stone idol praying that there pathetic god will feed them.

 

[Oddball]

Yes, he has.

The economy is in far better shape than it was last December during the final gasps of the rightotid administration. Jobs are always a market lagger, but most of the other indicators that are market leaders are showing progress.

Sorry, confools, you have been conned and fooled again.

I like the one about the three bears way better.

 

[Ame®icano]

Unemployment is 9.8%, and the number of unemployed is about the same as Reagan's administration in 1983 when the population was about 24 million fewer. Reagan's popularity was lower than Obama's at that time, so I am not too worried about the wingnuts of the far right with their yelling: they have no credibility.

Hey, cons, go to the almanacs and infoplease and plug in some numbers and questions. See if you can flip my interpretation.

What are you talking about?

Just like Carter and his $20B ($98B in todays $) stimulus that didn't do a squat, Obama stimulus isn't producing any results, in fact, both stimuluses are giant ripoffs. Where are all those jobs it was suppose to create? If they are there, they are for invisible people. No wonder they rushed it through and didn't want anyone to actually read it. All that can be fixed in Nov 2010.

Put it this way... If we do some math we see at this time $787,000,000,000 divided by 1,000,000 we see each job "saved or created" cost the taxpayers $787,000 a piece. Obama goal is to "save or create" 3.5 million jobs, in that case the cost per job drops to approx $225,000 each.

Worse is yet to come, inflation is knocking to our door.

The Federal Reserve may need to begin to pull back its extensive support for the weak U.S. economy before it has healed enough to substantially lower the jobless rate and get factories working again, Fed Vice Chairman Donald Kohn said on Wednesday.

"Tightening (monetary policy) while there's still slack in the economy is something that we have to do every time," he told a monetary policy conference at the Cato Institute.

Kohn said the Fed -- the U.S. central bank -- would base its actions on its forecast for the path of the economy, and would not wait for clear evidence the recovery has taken hold:

"It's incumbent upon us to ... be forward-looking in our story. Yes, there's slack, but it's going away. Yes, people are still unemployed, but people are being put back to work. And the alternative of not tightening and not beginning this process is to create a destabilizing round of inflation. ... If we can't tell that story we shouldn't be tightening."

Fed may boost rates while economy still weak

It's about to explode. Just as it happened under Carter.

 

[Intense]

Dig in People, this Roller Coaster is not even past the first turn yet. Obama Man is still on the first lap.

 

[Toro]

The Fed isn't going to raise rates anytime soon.

It isn't realistic to believe that the economy can go from losing 500k-600k jobs a month to gaining jobs in a quarter. If you look at all recoveries, job losses take many months to turn around. This is no different, especially since this is perhaps the worst recession since the Great Depression.

 

[Intense]

The Fed isn't going to raise rates anytime soon.

It isn't realistic to believe that the economy can go from losing 500k-600k jobs a month to gaining jobs in a quarter. If you look at all recoveries, job losses take many months to turn around. This is no different, especially since this is perhaps the worst recession since the Great Depression.

Just keep imposing those Taxes and Mandates.

 

[The T]

Since those in the 'Know' keep telling us that they expect it to 'RISE' in coming months...but too tell us that it is stabilizing?

HOW can they say this?

 

[Intense]

The thing they do best is Lie? How can You ask such a question?

 

[The T]

The thing they do best is Lie? How can You ask such a question?

Ooooh! Ooooh! Mr. Kotter! Because Logic would dictate such a question?

 

[JakeStarkey]

The Fed isn't going to raise rates anytime soon.

It isn't realistic to believe that the economy can go from losing 500k-600k jobs a month to gaining jobs in a quarter. If you look at all recoveries, job losses take many months to turn around. This is no different, especially since this is perhaps the worst recession since the Great Depression.

Just keep imposing those Taxes and Mandates.

What taxes, bub?

 

[Ame®icano]

Dig in People, this Roller Coaster is not even past the first turn yet. Obama Man is still on the first lap.

Exactly. There will be at least two more waves of forclosures. Whoever is looking to buy a house, wait another year or so, "you ain't seen nothing yet". Most subprime mortgages were signed in 2006/2007, rate reset will be in 2011/2012.

Unemployment is still on the rise. Government estimates are worthless wishful thinking, based on nothing, just as they estimated that with stimulus, unemployment wont go above 8%.

Vice President Joe Biden says Friday's news that unemployment jumped to 9.8 percent in September doesn't shake his confidence that "we are going to recover" from the slump.

The government reported a one-tenth of a percentage point jump in the unemployment rate, from 9.7 percent in August to 9.8 percent last month. Biden noted the 263,000 jobs lost in September was significantly down from the average 700,000 jobs the economy was shedding monthly when President Barack Obama took office. But the vice president also said that "less bad is not our measure of success." He said the administration is working hard "on every front" to turn around the economy. Biden said it will happen, but not without setbacks.

"Less bad is not our measure of success"

OK, mister vice president, what is your measure of success, jobs saved or created? How many jobs you saved or created, exactly? What happened to the stimulus bill there Joe? What are we getting for our near trillion dollars?

We're getting turtle tunnel in Florida, we're getting airports that nobody use, bridges that nobody use, renovation of the train station that is not used for 30 years...

Here is the good one...

Arkansas has said it will mainly use its $80.8 million discretionary portion for the modernization and repair of schools and colleges -- with a couple of exceptions. Democratic Gov. Mike Beebe decided to spend about $3.5 million on renovations to Arkansas's medical-rehabilitation facilities and $2.5 million to revamp the Rock Island Railroad Bridge, which spans the Arkansas River between North Little Rock and the William J. Clinton Presidential Center in Little Rock.

Clinton Site Gets a Taste of the Stimulus Pie

 

[Intense]

The Fed isn't going to raise rates anytime soon.

It isn't realistic to believe that the economy can go from losing 500k-600k jobs a month to gaining jobs in a quarter. If you look at all recoveries, job losses take many months to turn around. This is no different, especially since this is perhaps the worst recession since the Great Depression.

Just keep imposing those Taxes and Mandates.

What taxes, bub?

Fiscal Year gonna be starting soon enough. NYC just passed a tax on income, due in November, for Self Employed. Retro. Separate filing to boot.

 

[Intense]

The Fed isn't going to raise rates anytime soon.

It isn't realistic to believe that the economy can go from losing 500k-600k jobs a month to gaining jobs in a quarter. If you look at all recoveries, job losses take many months to turn around. This is no different, especially since this is perhaps the worst recession since the Great Depression.

Just keep imposing those Taxes and Mandates.

What taxes, bub?

Break down your phone bill, cable bill, gas bill? What tax? Really.

 

[Toro]

What taxes have been increased on cable?

 

[The T]

Just keep imposing those Taxes and Mandates.

What taxes, bub?

Break down your phone bill, cable bill, gas bill? What tax? Really.

And RIGHT under his nose, eh?

GOOD FORM! [Astounding, actually]...But then probably doesn't understand "CAP AND TRADE(TAX)" Either...

LOL!

I applaud YOU.