Papa Obama Seen as Anti-Business by 77% of Investors -Where would they get that idea?

[mudwhistle]

Did the US economic system nearly collapse?

Yes.

Did it fully collapse?

No.

Why not?

Because it was a sham.

Hedgefunders started calling in their investments to the tune of billions of dollars and ACORN started telling their members, friends, and anyone they could to stop paying their mortgages. Thanks to the help of Barney Frank and Chris Dodd thousands of loans were given to folks that shouldn't have gotten them and never could pay them back.

All of the sudden the Fed Chairman and his own economic adviser starts telling Bush that banks are about to collapse. So the media takes it and runs with it. The funny thing about it is it was all a trick to takeover banks and companies by Obama and his financial supporters. Notice the timing. September 08'. Just in time to push him over the top and win the White House.

The Recession was caused by fear in the markets and by a lack of confidence by consumers. Businesses refuse to take any chances in this poisonous anti-business environment thanks to the destructive rhetoric of Obama. Jobs are being lost because everyone is worried that the economy is gonna collapse in the next year or so. Banks refuse to go through the same BS that happened in 08' so it's tougher to get a loan. Businesses aren't able to get loans and expand so jobs are being lost instead of created.

It's all pretty straight forward if you have an open mind.

Wow so it is an intentional breaking of our country's economic system?

Progressives believe they have to crash the system and rebuild it from scratch rather then try to go through the process of changing it a little at a time. Problem is they also believe that the poor will always support them and their entitlement programs...so they figure if they take our money we'll worry about being taken care. They want two classes.....the wealthy and then they want the rest of us. No middle-class.

 

[Annie]

Obama is anti-business and therefore anti-jobs.

Monthly job losses peaked last January and have steadily improved ever since.

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

Employment Situation Summary

Table B. Seasonally adjusted unemployment rates and changes due to
revision, January-November 2009



Year and month As first published As revised Change
2009

January ............... 7.6 7.7 0.1
February .............. 8.1 8.2 .1
March ................. 8.5 8.6 .1
April ................. 8.9 8.9 .0
May ................... 9.4 9.4 .0
June .................. 9.5 9.5 .0
July .................. 9.4 9.4 .0
August ................ 9.7 9.7 .0
September ............. 9.8 9.8 .0
October ............... 10.2 10.1 -.1
November .............. 10.0 10.0 .0

 

[mudwhistle]

Obama is anti-business and therefore anti-jobs.

Monthly job losses peaked last January and have steadily improved ever since.

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

Employment Situation Summary

Table B. Seasonally adjusted unemployment rates and changes due to
revision, January-November 2009



Year and month As first published As revised Change
2009

January ............... 7.6 7.7 0.1
February .............. 8.1 8.2 .1
March ................. 8.5 8.6 .1
April ................. 8.9 8.9 .0
May ................... 9.4 9.4 .0
June .................. 9.5 9.5 .0
July .................. 9.4 9.4 .0
August ................ 9.7 9.7 .0
September ............. 9.8 9.8 .0
October ............... 10.2 10.1 -.1
November .............. 10.0 10.0 .0

Obama supporters high-five each other when the weekly unemployment filings goes below half a million.

Oh and double that unemployment rate. That's the reall unemployment figure. The way they monkey with the books is by dumping those who run out of benefits off the roles. That's the only way they can claim it went from 10.2 to 10.0 even though more jobs were lost then created.

 

[NYcarbineer]

Obama is anti-business and therefore anti-jobs.

Monthly job losses peaked last January and have steadily improved ever since.

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

I come to that conclusion by looking at the relevant facts:

Monthly Job Losses:

Now compare the facts in the chart to what I said. Once you acknowledge I was right, I'll explain where you went wrong.

 

[Annie]

Monthly job losses peaked last January and have steadily improved ever since.

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

I come to that conclusion by looking at the relevant facts:

Monthly Job Losses:

Now compare the facts in the chart to what I said. Once you acknowledge I was right, I'll explain where you went wrong.

How about sourcing that graph?

 

[mudwhistle]

Monthly job losses peaked last January and have steadily improved ever since.

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

I come to that conclusion by looking at the relevant facts:

Monthly Job Losses:

Now compare the facts in the chart to what I said. Once you acknowledge I was right, I'll explain where you went wrong.

Wow....that's impressive.

Wonder if it's even close to being accurate....or did they just change the way they are reporting unemployment.

 

[NYcarbineer]

[Oh and double that unemployment rate. That's the reall unemployment figure. The way they monkey with the books is by dumping those who run out of benefits off the roles. That's the only way they can claim it went from 10.2 to 10.0 even though more jobs were lost then created.

Of course the unemployment rate goes up if you change the way you calculate it. During any president's term.

 

[RetiredGySgt]

Do not look at the unemployment rate just watch as we play with the amount of people that LOSE jobs every month. Cause well instead of 800 thousand there were only 400 thousand or 200 thousand.

Get a clue retard that is not flat or negative.

 

[NYcarbineer]

How do you come to that conclusion? All flat or negative since then. Lots more at the following site:

I come to that conclusion by looking at the relevant facts:

Monthly Job Losses:

Now compare the facts in the chart to what I said. Once you acknowledge I was right, I'll explain where you went wrong.

Wow....that's impressive.

Wonder if it's even close to being accurate....or did they just change the way they are reporting unemployment.

Conservatives are so funny.

 

[Annie]

I come to that conclusion by looking at the relevant facts:

Monthly Job Losses:

Now compare the facts in the chart to what I said. Once you acknowledge I was right, I'll explain where you went wrong.

Wow....that's impressive.

Wonder if it's even close to being accurate....or did they just change the way they are reporting unemployment.

Conservatives are so funny.

Still waiting for the source of graph.

 

[Revere]

Those are new jobless claims. Unemployment is still double what it was at its lowest from 2001-2007. And that chart doesn't deal with people who have merely stopped looking for work.

And new jobless claims are going back up again.

 

[NYcarbineer]

Wow....that's impressive.

Wonder if it's even close to being accurate....or did they just change the way they are reporting unemployment.

Conservatives are so funny.

Still waiting for the source of graph.

Here:

The Washington Monthly

Which links to here:

http://www.nytimes.com/2009/12/05/business/economy/05jobs.html?hp

Comparable graph from Bloomberg on the left.

 

[jillian]

Conservatives are so funny.

conservatives aren't the problem. it's rightwingnut extremists who *call* themselves conservative who are the problem.

 

[Annie]

Conservatives are so funny.

Still waiting for the source of graph.

Here:

The Washington Monthly

Which links to here:

http://www.nytimes.com/2009/12/05/business/economy/05jobs.html?hp

Comparable graph from Bloomberg on the left.

Now explain how the government figures say unemployment has been steady and declining since 1/09. In fact it's been flat or negative each month, including November and December. I guess you are referring to the fact that there are fewer loses than in months preceding? Not counting those that still are unable to find work? That is your definition of 'improving?'

Establishment Survey Data

Total nonfarm payroll employment edged down in December (-85,000). Job losses
continued in construction, manufacturing, and wholesale trade, while temporary
help services and health care continued to add jobs. During 2009, monthly job
losses moderated substantially. Employment losses in the first quarter of 2009
averaged 691,000 per month, compared with an average loss of 69,000 per month
in the fourth quarter. (See table B-1.)

Construction employment declined by 53,000 in December, with job losses
throughout the industry. Employment in construction has fallen by 1.6 mil-
lion since the recession began.

In December, employment in manufacturing decreased by 27,000. The average
monthly decline for the last 6 months of 2009 (-41,000) was much lower than
the average monthly decline for the first half of the year (-171,000). Since
the recession began, manufacturing employment has fallen by 2.1 million; three-
fourths of this drop occurred in the durable goods component (-1.6 million).

Wholesale trade employment declined by 18,000 in December, with the majority of
the decline occurring among durable goods wholesalers. Employment in retail
trade was little changed over the month, although general merchandise stores
lost 15,000 jobs.

Temporary help services added 47,000 jobs in December. Since reaching a low
point in July, temporary help services employment has risen by 166,000.

Health care employment continued to increase in December (22,000), with notable
gains in offices of physicians (9,000) and home health care services (8,000).
The health care industry has added 631,000 jobs since the recession began.

In December, the average workweek for production and nonsupervisory workers on
private nonfarm payrolls was unchanged at 33.2 hours. The manufacturing work-
week, at 40.4 hours, and factory overtime, at 3.4 hours, were unchanged over
the month. Since May, the manufacturing workweek has increased by 1.0 hour.
(See table B-2.)

In December, average hourly earnings of production and nonsupervisory workers
on private nonfarm payrolls rose by 3 cents, or 0.2 percent, to $18.80. Over
the past 12 months, average hourly earnings have risen by 2.2 percent, while
average weekly earnings have risen by 1.9 percent. (See table B-3.)

The change in total nonfarm payroll employment for October was revised from
-111,000 to -127,000, and the change for November was revised from -11,000 to
+4,000.
_____________
The Employment Situation for January is scheduled to be released on Friday,
February 5, 2010, at 8:30 a.m. (EST).


----------------------------------------------------------------------
| |
| Upcoming Changes to The Employment Situation News Release |
| |
|Effective with the release of January 2010 data on February 5, 2010, |
|the U.S. Bureau of Labor Statistics will introduce several changes to |
|The Employment Situation news release text and tables. Two new sum- |
|mary tables--one for the household survey and one for the establish- |
|ment survey--will replace the current table A. In addition, three new |
|household data tables will provide information on the employment sta- |
|tus of veterans, persons with a disability, and the foreign born. Al- |
|so, the establishment data tables have been largely redesigned to in- |
|clude information on all employee hours and earnings, women employees,|
|and production and nonsupervisory employees. The ordering and format |
|of some tables also will change. Additional information is available |
|at Changes to the Employment Situation News Release on February 5, 2010. |
|

 

[kyzr]

Oh yes, the economy is losing jobs at a slower rate. Not to "bust your Obama bubble" but real improvement would be enough positive job growth where unemployment fell steadily

You know like what Bush had when they stimulated the economy with tax cuts.

Tax cutting is NOT the answer. Under the GOP they passed the American Jobs Creation Act, which basically gave tax breaks to relocate US factories overseas. Want PROOF? How about 10% unemployment and a horrible trade deficit. When the US manufactured instead of the "service economy hoax" the US and world economies would have been stronger. On top of those job losses, pile on the Fannie & Freddie mess whereby the dems' cash cows were protected from regulation, and top that with Clinton's giving mortgages to the unqualified
Bill Clinton's drive to increase homeownership went way too far - BusinessWeek
which led to the financial meltdown when they defaulted.

It was a "perfect storm" of GOP/Dem fuck-ups that cost US citizens about $14-trillion in real wealth. I don't see how anyone could trust either political party.

 

[NYcarbineer]

Still waiting for the source of graph.

Here:

The Washington Monthly

Which links to here:

http://www.nytimes.com/2009/12/05/business/economy/05jobs.html?hp

Comparable graph from Bloomberg on the left.

Now explain how the government figures say unemployment has been steady and declining since 1/09. In fact it's been flat or negative each month, including November and December. I guess you are referring to the fact that there are fewer loses than in months preceding? Not counting those that still are unable to find work? That is your definition of 'improving?'

Establishment Survey Data

Total nonfarm payroll employment edged down in December (-85,000). Job losses
continued in construction, manufacturing, and wholesale trade, while temporary
help services and health care continued to add jobs. During 2009, monthly job
losses moderated substantially. Employment losses in the first quarter of 2009
averaged 691,000 per month, compared with an average loss of 69,000 per month
in the fourth quarter. (See table B-1.)

Construction employment declined by 53,000 in December, with job losses
throughout the industry. Employment in construction has fallen by 1.6 mil-
lion since the recession began.

In December, employment in manufacturing decreased by 27,000. The average
monthly decline for the last 6 months of 2009 (-41,000) was much lower than
the average monthly decline for the first half of the year (-171,000). Since
the recession began, manufacturing employment has fallen by 2.1 million; three-
fourths of this drop occurred in the durable goods component (-1.6 million).

Wholesale trade employment declined by 18,000 in December, with the majority of
the decline occurring among durable goods wholesalers. Employment in retail
trade was little changed over the month, although general merchandise stores
lost 15,000 jobs.

Temporary help services added 47,000 jobs in December. Since reaching a low
point in July, temporary help services employment has risen by 166,000.

Health care employment continued to increase in December (22,000), with notable
gains in offices of physicians (9,000) and home health care services (8,000).
The health care industry has added 631,000 jobs since the recession began.

In December, the average workweek for production and nonsupervisory workers on
private nonfarm payrolls was unchanged at 33.2 hours. The manufacturing work-
week, at 40.4 hours, and factory overtime, at 3.4 hours, were unchanged over
the month. Since May, the manufacturing workweek has increased by 1.0 hour.
(See table B-2.)

In December, average hourly earnings of production and nonsupervisory workers
on private nonfarm payrolls rose by 3 cents, or 0.2 percent, to $18.80. Over
the past 12 months, average hourly earnings have risen by 2.2 percent, while
average weekly earnings have risen by 1.9 percent. (See table B-3.)

The change in total nonfarm payroll employment for October was revised from
-111,000 to -127,000, and the change for November was revised from -11,000 to
+4,000.
_____________
The Employment Situation for January is scheduled to be released on Friday,
February 5, 2010, at 8:30 a.m. (EST).


----------------------------------------------------------------------
| |
| Upcoming Changes to The Employment Situation News Release |
| |
|Effective with the release of January 2010 data on February 5, 2010, |
|the U.S. Bureau of Labor Statistics will introduce several changes to |
|The Employment Situation news release text and tables. Two new sum- |
|mary tables--one for the household survey and one for the establish- |
|ment survey--will replace the current table A. In addition, three new |
|household data tables will provide information on the employment sta- |
|tus of veterans, persons with a disability, and the foreign born. Al- |
|so, the establishment data tables have been largely redesigned to in- |
|clude information on all employee hours and earnings, women employees,|
|and production and nonsupervisory employees. The ordering and format |
|of some tables also will change. Additional information is available |
|at Changes to the Employment Situation News Release on February 5, 2010. |
|

You have to admit I was right first.

 

[Annie]

Here:

The Washington Monthly

Which links to here:

http://www.nytimes.com/2009/12/05/business/economy/05jobs.html?hp

Comparable graph from Bloomberg on the left.

Now explain how the government figures say unemployment has been steady and declining since 1/09. In fact it's been flat or negative each month, including November and December. I guess you are referring to the fact that there are fewer loses than in months preceding? Not counting those that still are unable to find work? That is your definition of 'improving?'

Establishment Survey Data

Total nonfarm payroll employment edged down in December (-85,000). Job losses
continued in construction, manufacturing, and wholesale trade, while temporary
help services and health care continued to add jobs. During 2009, monthly job
losses moderated substantially. Employment losses in the first quarter of 2009
averaged 691,000 per month, compared with an average loss of 69,000 per month
in the fourth quarter. (See table B-1.)

Construction employment declined by 53,000 in December, with job losses
throughout the industry. Employment in construction has fallen by 1.6 mil-
lion since the recession began.

In December, employment in manufacturing decreased by 27,000. The average
monthly decline for the last 6 months of 2009 (-41,000) was much lower than
the average monthly decline for the first half of the year (-171,000). Since
the recession began, manufacturing employment has fallen by 2.1 million; three-
fourths of this drop occurred in the durable goods component (-1.6 million).

Wholesale trade employment declined by 18,000 in December, with the majority of
the decline occurring among durable goods wholesalers. Employment in retail
trade was little changed over the month, although general merchandise stores
lost 15,000 jobs.

Temporary help services added 47,000 jobs in December. Since reaching a low
point in July, temporary help services employment has risen by 166,000.

Health care employment continued to increase in December (22,000), with notable
gains in offices of physicians (9,000) and home health care services (8,000).
The health care industry has added 631,000 jobs since the recession began.

In December, the average workweek for production and nonsupervisory workers on
private nonfarm payrolls was unchanged at 33.2 hours. The manufacturing work-
week, at 40.4 hours, and factory overtime, at 3.4 hours, were unchanged over
the month. Since May, the manufacturing workweek has increased by 1.0 hour.
(See table B-2.)

In December, average hourly earnings of production and nonsupervisory workers
on private nonfarm payrolls rose by 3 cents, or 0.2 percent, to $18.80. Over
the past 12 months, average hourly earnings have risen by 2.2 percent, while
average weekly earnings have risen by 1.9 percent. (See table B-3.)

The change in total nonfarm payroll employment for October was revised from
-111,000 to -127,000, and the change for November was revised from -11,000 to
+4,000.
_____________
The Employment Situation for January is scheduled to be released on Friday,
February 5, 2010, at 8:30 a.m. (EST).


----------------------------------------------------------------------
| |
| Upcoming Changes to The Employment Situation News Release |
| |
|Effective with the release of January 2010 data on February 5, 2010, |
|the U.S. Bureau of Labor Statistics will introduce several changes to |
|The Employment Situation news release text and tables. Two new sum- |
|mary tables--one for the household survey and one for the establish- |
|ment survey--will replace the current table A. In addition, three new |
|household data tables will provide information on the employment sta- |
|tus of veterans, persons with a disability, and the foreign born. Al- |
|so, the establishment data tables have been largely redesigned to in- |
|clude information on all employee hours and earnings, women employees,|
|and production and nonsupervisory employees. The ordering and format |
|of some tables also will change. Additional information is available |
|at Changes to the Employment Situation News Release on February 5, 2010. |
|

You have to admit I was right first.

No, I don't. All evidence points to the contrary.

 

[Vast LWC]

Those are new jobless claims. Unemployment is still double what it was at its lowest from 2001-2007. And that chart doesn't deal with people who have merely stopped looking for work.

And new jobless claims are going back up again.

• The Market had fallen by 7000 points from the fourth quarter of 2007 to the first quarter of 2009. It has recovered 3000+ points since then
  
  http://data.moneycentral.msn.com/sc...D2=0&D4=1&DD=1&width=612&height=258&CE=0&CF=0
  
  
• The Unemployment rate as of February 2009 was at 8.2%. It has only risen 1.8% since then, and seems to have stabilized.
  Hopefully the long-term trend will continue and it will start going down in the next quarter.
  
  http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_id=LNS14000000
  
  
• The housing market was in an endless downhill spiral in the first quarter of 2009, it has stabilized and started to recover.
  
  
• GDP has stopped falling and has increased significantly.

There are many more economic indicators I could mention, I think the above is enough for now.

If Obama is bad for business, then the country sure has a strange way of showing it.

 

[NYcarbineer]

Now explain how the government figures say unemployment has been steady and declining since 1/09. In fact it's been flat or negative each month, including November and December. I guess you are referring to the fact that there are fewer loses than in months preceding? Not counting those that still are unable to find work? That is your definition of 'improving?'

You have to admit I was right first.

No, I don't. All evidence points to the contrary.

I said monthly job losses peaked in January 2009 and have improved steadily ever since. That is a fact. You are ignorant to deny it.

 

[Annie]

You have to admit I was right first.

No, I don't. All evidence points to the contrary.

I said monthly job losses peaked in January 2009 and have improved steadily ever since. That is a fact. You are ignorant to deny it.

To say that 'unemployment is improving' while more and more are joining the rolls less quickly, is something only the administration and NYT could love. The rest of us recognize it for hooey.