Jobless rate hits 9.7%

[Polk]

The REAL number is a lot WORSE than 9.7%. First of all they do not count Americans who have frankly given up on finding a job & no longer receive unemployment benefits. Michigan--with the highest at 14% unemployment, California is well over 10%--& all states that have been primarily democrat run over the decades are in total disaster.

Can you believe Joe Biden's B.S. The economy is impoving because of the stimulus bill. First of all these morons were trying to do an FDR recovery. Back in the 1930's road & bridge work consisted of thousands of men with pics & shovels. Today--one single heavy equipment operator - can do the work of 400 men. That's how STUPID this administration is.

Our economy is so completely diverse from the 1930's--we don't even resemble the 1930's today. Yet they signed off on all this pork--political pay-backs--executive bonuses & road in bridge work before any of them even read it, much less discussed it.

57% of the American population feel they could pick a name out of a phone book--elect them for their congressmen & senators & that they would do a better job. I agree 100%.

Funny how you guys didn't give two shits about underemployment when Bush was president...

 

[eagleseven]

Do 7.8% of those 9.7% get to blame Bush for their predicament? That was the rate when he left.

Do the people who lost their jobs while Bush was at the helm get to blame Obama? Or is that only the right wing spin meisters who get to do that

The downtrodden will aim their frustrations at those in power, whoever they may be. This is only rational, as Bush no longer has the power to affect their lives.

Obama, on the other hand, can make or break us. It would appear he is breaking us.

 

[eagleseven]

The REAL number is a lot WORSE than 9.7%. First of all they do not count Americans who have frankly given up on finding a job & no longer receive unemployment benefits. Michigan--with the highest at 14% unemployment, California is well over 10%--& all states that have been primarily democrat run over the decades are in total disaster.

Can you believe Joe Biden's B.S. The economy is impoving because of the stimulus bill. First of all these morons were trying to do an FDR recovery. Back in the 1930's road & bridge work consisted of thousands of men with pics & shovels. Today--one single heavy equipment operator - can do the work of 400 men. That's how STUPID this administration is.

Our economy is so completely diverse from the 1930's--we don't even resemble the 1930's today. Yet they signed off on all this pork--political pay-backs--executive bonuses & road in bridge work before any of them even read it, much less discussed it.

57% of the American population feel they could pick a name out of a phone book--elect them for their congressmen & senators & that they would do a better job. I agree 100%.

Funny how you guys didn't give two shits about underemployment when Bush was president...

Americans cared enough to vote the Democrats into office...and now that Obama is failing to perform, he is the target of our collective frustration.

 

[PubliusInfinitum]

The stimulus is working.......U.S. Payroll Losses Slow, Unemployment Rises to 9.7% (Update2) - Bloomberg.com How you like your CHANGE

Oh 9.7 is just the number that can't be discredited through various rationalizations... actuall US unemployment is closer to 20%.

9.7% discludes tens of millions of people who 'have stopped trying to find work...' and other such nonsense.

 

[PubliusInfinitum]

The REAL number is a lot WORSE than 9.7%. First of all they do not count Americans who have frankly given up on finding a job & no longer receive unemployment benefits. Michigan--with the highest at 14% unemployment, California is well over 10%--& all states that have been primarily democrat run over the decades are in total disaster.

Can you believe Joe Biden's B.S. The economy is impoving because of the stimulus bill. First of all these morons were trying to do an FDR recovery. Back in the 1930's road & bridge work consisted of thousands of men with pics & shovels. Today--one single heavy equipment operator - can do the work of 400 men. That's how STUPID this administration is.

Our economy is so completely diverse from the 1930's--we don't even resemble the 1930's today. Yet they signed off on all this pork--political pay-backs--executive bonuses & road in bridge work before any of them even read it, much less discussed it.

57% of the American population feel they could pick a name out of a phone book--elect them for their congressmen & senators & that they would do a better job. I agree 100%.

Funny how you guys didn't give two shits about underemployment when Bush was president...

Using the same calculations that were in play during the Bush administration, US unemployment would be 14-16% at present.

 

[Polk]

The REAL number is a lot WORSE than 9.7%. First of all they do not count Americans who have frankly given up on finding a job & no longer receive unemployment benefits. Michigan--with the highest at 14% unemployment, California is well over 10%--& all states that have been primarily democrat run over the decades are in total disaster.



Our economy is so completely diverse from the 1930's--we don't even resemble the 1930's today. Yet they signed off on all this pork--political pay-backs--executive bonuses & road in bridge work before any of them even read it, much less discussed it.

57% of the American population feel they could pick a name out of a phone book--elect them for their congressmen & senators & that they would do a better job. I agree 100%.

Funny how you guys didn't give two shits about underemployment when Bush was president...

Using the same calculations that were in play during the Bush administration, US unemployment would be 14-16% at present.

What the hell are you talking about? The reporting now is using the exact same measure that was used during the Bush administration.

 

[rdean]

and it was around 4 - 5 % when democrats won in 2006. You dopey libs sure fucked everything up in a hurry.

Please state SPECIFICALLY what the "libs" did to cause unemployment rise after they took control of Congress.

Yeah I have heard that line before. Nice spin.


Democrats controlled congress and the money since 2006. They blew off the fannie/freddie meltdown even after being warned by republicans.


Are you trying to deflect from that fact? Why, yes of course you are.


And before you even bother, the republican's hands aren't clean in this either. But you clowns were in charge.

You did the wrong thing and/or you did nothing.

You can't live off talking points. Freddie/Fannie required that you had a job and could pay back any loan. Because of an accounting scandal unrelated to the home loans, Freddie/Fannie pulled back on granting further loans. The Republican congress removed regulations from Wall Street that limited their involvement in Savings and Loans (housing market). Regulations that went all the way back to when John McCain was one of the Keating Five, for obvious reasons. Wall Street took over more than 70% of the home loan market, giving a loan to just about anyone who asked for one. They took the chancy loans, bundled them together and sold them to foreign investors. THAT IS THE ENTIRE REASON BEHIND THE FINALCIAL MELTDOWN FROM THE MORGUAGE SCANDAL.

If you guys would do any research instead of dutifully repeating Republican talking points, you would know that.

 

[PubliusInfinitum]

The unemployment rate rose because the household survey showed more unemployed than the payroll survey, and because more people re-entered the workforce.

Now understand what the Canadian economist just said folks... 'The unemployment rate rose, because more people re-entered the work force.'

Anyone need anything else?

 

[LibocalypseNow]

I still think the real number is much higher. Unemployment has to be well into double digits at this point. Just take a good look around you. These are clearly Al Gore Fuzzy Math calculations. 9.7% Unemployment is certainly a low-ball number. These numbers are likely as bogus as this administration is. I'm sure by next year they will be telling us that the economy has fully recovered and everything is just rosy. I said a long time ago that they were going to say that whether it is true or not and with no credible MSM out there to question them,they will just go on lying. They raped the American Tax Payer to bail their corrupt corporate cretins out so they know they have to be incredibly aggressive with their justification spin. I'm just not believing much coming from Hopey Changey at this point.

 

[Polk]

This just shows how full of crap you guys are. When your guy is in the White House, U3 is a perfectly valid measure. When he's not, U3 is considered a cooked number.

 

[namvet]

Do 7.8% of those 9.7% get to blame Bush for their predicament? That was the rate when he left.

Do the people who lost their jobs while Bush was at the helm get to blame Obama? Or is that only the right wing spin meisters who get to do that

i see your still on crutch's

 

[Xenophon]

Where are those idiots who were screaming a few weeks ago about the 'stimulous is working?'

As I said at the time, and will say again, business didn't agree with the rosey spin from the White House and now once again we see more people out of work, and Obama's promise that unemployment would not pass 8 if the 'stimulous' was passed was the massive lie a lot of us said it was.

BTW, for the bunch of you screaming 'Bush' the chimp isn't potus anymore, and you can't keep defending the boiking by comparisons to that moron, Barry was supposed to be BETTER NOT WORSE.

 

[Oddball]

This just shows how full of crap you guys are. When your guy is in the White House, U3 is a perfectly valid measure. When he's not, U3 is considered a cooked number.

Watch that "you guys" crap, Buck-o!

They all use whatever numbers they can grasp at to "prove" whatever it is they're trying to peddle.

 

[LibocalypseNow]

They're still trying to spin that the Unemployment numbers are below double digits and that's just ludicrous. Just take a closer look around you. 9.7% is a fairy tale number. It keeps the number below double digits and they like it that way. Like i said,by next year i'm sure they're going to be telling us that the economy has fully recovered and everything is just rosy. They planned all along to tell us that whether it is actually true or not. We don't have a credible MSM anymore,they have all fallen in line to bow and lick Hopey Changey's boots at this point. So don't expect to get any truth from them anymore. It's all just one big scam in the end. Ben Bernanke completely annihilates our economy and gets a raise from Hopey Changey. Is it just me or does anyone else see this corrupt madness?

 

[rightwinger]

Where are those idiots who were screaming a few weeks ago about the 'stimulous is working?'

As I said at the time, and will say again, business didn't agree with the rosey spin from the White House and now once again we see more people out of work, and Obama's promise that unemployment would not pass 8 if the 'stimulous' was passed was the massive lie a lot of us said it was.

BTW, for the bunch of you screaming 'Bush' the chimp isn't potus anymore, and you can't keep defending the boiking by comparisons to that moron, Barry was supposed to be BETTER NOT WORSE.

Those "idiots" from the Wall Street Journal- Yesterday

U.S. Economy Gets Lift From Stimulus - WSJ.com


Quote:
WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.

The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010. The government has funneled about $60 billion of the $288 billion in promised tax cuts to U.S. households, while about $84 billion of the $499 billion in spending has been paid. About $200 billion has been promised to certain projects, such as infrastructure and energy projects.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

 

[Oddball]

Where are those idiots who were screaming a few weeks ago about the 'stimulous is working?'

As I said at the time, and will say again, business didn't agree with the rosey spin from the White House and now once again we see more people out of work, and Obama's promise that unemployment would not pass 8 if the 'stimulous' was passed was the massive lie a lot of us said it was.

BTW, for the bunch of you screaming 'Bush' the chimp isn't potus anymore, and you can't keep defending the boiking by comparisons to that moron, Barry was supposed to be BETTER NOT WORSE.

iiLOOK....A PUPPY!!

 

[Polk]

This just shows how full of crap you guys are. When your guy is in the White House, U3 is a perfectly valid measure. When he's not, U3 is considered a cooked number.

Watch that "you guys" crap, Buck-o!

They all use whatever numbers they can grasp at to "prove" whatever it is they're trying to peddle.

If it doesn't apply to you, don't take it as applying to you.

 

[Xenophon]

Those "idiots" from the Wall Street Journal- Yesterday

Since you aern't paying attention cupcake, unemployment went up TODAY.

 

[Oddball]

This just shows how full of crap you guys are. When your guy is in the White House, U3 is a perfectly valid measure. When he's not, U3 is considered a cooked number.

Watch that "you guys" crap, Buck-o!

They all use whatever numbers they can grasp at to "prove" whatever it is they're trying to peddle.

If it doesn't apply to you, don't take it as applying to you.

Well, then knock it of with the pedantic "you guys" crap.

Nonetheless, the point stands.

 

[RetiredGySgt]

Do 7.8% of those 9.7% get to blame Bush for their predicament? That was the rate when he left.

Do the people who lost their jobs while Bush was at the helm get to blame Obama? Or is that only the right wing spin meisters who get to do that

Rather than toy around with cute little emoticons, why don't you simply answer the question posed, ozzmdj? Oh that's right....the answer wouldn't support your agenda....too bad.

Did Bush promise that if we passed a MONSTER stimulus bill without ever reading it that unemployment would not go above 8 percent?