Recovery Summer Continues!!!!

[KMAN]

Thank God for the stimulus!

Elevated jobless claims point to weak labor market - Yahoo! News

 

[Avatar4321]

I don't think this is something we should be happy about.

 

[Douger]

Idiots.
You are going down.

 

[Mr. Shaman]

I don't think this is something we should be happy about.

.....And, Corporate America is a great-example of that!!

How DARE Obama upset their perpetual-RIP-OFF-gig???????​

The high jobless rate provokes a fight between corporate America and the White House over regulations, taxes, and trade.​

"This confrontation had inevitability written all over it. The only question was: When would the White House and Big Business really start to rumble?

Both sides are certainly clashing now over a crush of new rules to overhaul industries ranging from health care to financial services to offshore drilling. Verizon Communications (VZ) CEO Ivan Seidenberg says business leaders must make sure the Obama Administration's regulatory cures aren't "worse than the disease," adding that the Administration hasn't done enough to pry open foreign markets and keeps trying to raise corporate taxes. Mort Zuckerman, chairman of commercial real estate firm Boston Properties (BXP), calls the coming regulatory explosion "an economic Katrina."

President Barack Obama isn't being subtle, either. On July 7, he said new regulations are needed to control "unscrupulous and underhanded businesses who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system."

Are there THAT MANY crooked-businesses, out there, worrying about Regulations??!!!!

Obviously NOT!!!!!!​

"Caterpillar Inc., the world’s largest maker of construction equipment, raised its full-year earnings forecast and posted second-quarter profit that topped analysts’ estimates as demand rose in developing countries."

 

[DiamondDave]

The crooked business that should be focused on is the government itself... the ever growing, ever expanding nanny state government

 

[Jarhead]

There was a day where corrked business was regulated by the people.
You screw over a customer, word gets out and no one buys from you.
That system worked.
Now, it is all about being a victim and restitution...and, of course, daddy fgovernment protecting you from making bad decisions.

 

[Mr. Shaman]

"Chrysler Group LLC will add a second shift to the Sterling Heights Assembly Plant near Detroit in early 2011 and keep that plant open beyond 2012, when it had been planned to shut, the company said on Friday.

Chrysler Chief Executive Sergio Marchionne will make the announcement about the Sterling Heights, Michigan, plant when he speaks to auto workers at a plant in Detroit where President Barack Obama will appear Friday.

Chrysler, which is under management control of Italy's Fiat (FIA.MI), expects its European and South American sales to double between 2010 and 2011 to nearly 200,000 vehicles, the company said.

Chrysler estimated that about 500 supplier jobs will be added to support the additional production at the Sterling Heights plant.

Obama and Marchionne on Friday are to address workers at Chrysler's Jefferson North plant in Detroit, where the newly introduced Jeep Grand Cherokee is assembled. The launch of the Cherokee is the first significant new vehicle from Chrysler since Fiat took management control and partial ownership after last year's bankruptcy.

In remarks Marchionne is to give on Friday, he will thank Obama.

"It was because of the courageousness of his decision that Chrysler has been able to survive, and in fact thrive, a little more than a year after bankruptcy," Marchionne will say, according to prepared remarks released beforehand.

The Jefferson North plant also added a second shift of production and almost 1,100 jobs to build the Cherokee, which was launched in May.

Chrysler in the past two months has also invested $179 million at an engine plant in Dundee, Michigan, and more than $343 million at a transmission plant in Kokomo, Indiana."

 

[Mr. Shaman]

"Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.

In a complaint issued late Thursday, the Securities and Exchange Commission said Sam and Charles Wyly Jr. attempted to hide their ownership and trading of stock in these firms by creating an elaborate system of off-shore trusts and subsidiary companies.

The SEC said the Wylys served as corporate directors at four different firms that were publicly traded at the time: Michaels Stores, Sterling Software, Sterling Commerce, and Scottish Annuity & Life Holdings, now known as Scottish Re Group Limited.

Over a period of 13 years, the brothers went to great lengths to hide their scheme, including making misleading statements to brokerage firm intermediaries, according to the SEC.

"The cloak of secrecy has been lifted from the complex web of foreign structures used by the Wylys to evade the securities laws," Lorin Reisner, deputy director of the SEC's Division of Enforcement said in a statement."

​

 

[Mr. Shaman]

"Stocks extended gains on Monday, with the S&P 500 trading above its 200-day moving average, after data showed the manufacturing sector grew at a faster rate than anticipated in July."

​

 

[Mr. Shaman]

U.S. Stocks Advance as Corporate Earnings Surpass Estimates​

"There are parts of the report that are consistent with the view that the manufacturing sector of the economy continues to expand,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Johnson Illington. "It’s good news for the manufacturing sector of the economy and for the manufacturing employment sector of the economy. This is a week where economic numbers will be important. This is a good start."

​

 

[Mr. Shaman]

"In the 21 years since the Securities & Exchange Commission introduced reward$ for insider-trading tipsters, the agency has disbursed just $1.16 million to six claimants, including a $1 million payout earlier this month to a woman who blew the whistle on the founder of the hedge fund Pequot Capital Management. With the financial-regulation overhaul signed into law by President Barack Obama on July 21, that stately pace is expected to accelerate dramatically.

Stung by accusations that it ignored reports of Bernard Madoff's misdeeds, the commission asked Congress to increase bounties and expand the SEC's authority to reward tipsters for leads on other types of misconduct, including Ponzi schemes and accounting frauds. Those wishes were answered: The financial overhaul says the agency can make whistleblower awards in any case that triggers a sanction exceeding $1 million. And tipsters are now entitled to as much as 30 percent of all the money the SEC collects, including fines and ill-gotten profits. In the past, claimants were eligible for only a 10 percent share of any fine. "The whistleblower provision will substantially benefit our enforcement program by encouraging those with evidence of fraud to come forward," says SEC spokesman John Nester."

​

 

[KMAN]

Looks like you are in the minority when it comes to this great recovery we have going on... LOL

Consumer confidence continues to fall - Jul. 27, 2010

 

[KMAN]

By the way, you can continue to put all of those colors in your post but when you do I don't read them and I doubt many other people do either...

 

[Claudette]

Give it a couple of days.

The stock market will be in the toilet again. LOL

 

[boedicca]

We are in a Recovery Summer - just not the version promoted by the Obamanoids.

Most of the country is recovering it's common sense. Those who were dazzled into voting for Obama are now seeing him for the radical leftist he is.

The first step in Recovery is admitting that one has a problem. The Admission Phase is now complete.

 

[Jarhead]

There is a show on HGTV that discusses renovations where people spent more than they should have for the returns the renovations resulted in.

It is a no brainer that a half a trillion dollars will stimulate an economy.

The question is, are all of those 10 million unemployed happy that the stimulation was for small selected public interest groups and some major corporations with failed business strategies, but did nothing for real job creation and long term growth?

Afterall, hoistory shows us that without a stimulus, a recession rebound ususlly starts after about 18 months.....

Yet here we are, well beyond that point, and a half a trillion more in debt, and nothing to show for it of any value.

 

[Mr. Shaman]

Private sector employment rose slightly more than expected in July, easing some concerns about labor market weakness ahead of a key government jobs report later this week.​

"Private employers added 42,000 jobs in July, compared with a revised gain of 19,000 in June, the report by a payrolls processor ADP Employer Services showed on Wednesday.

The rise in hiring was slightly higher than an estimate from economists surveyed by Reuters for a gain of 40,000 private-sector jobs. The June ADP figure originally was reported as a gain of 13,000 jobs."

​

 

[Jarhead]

Good news.
Keep it up America.

 

[KMAN]

A little reminder....

PolitiFact | Will: Obama said stimulus would cap unemployment at 8 percent

 

[Jarhead]

A little reminder....

PolitiFact | Will: Obama said stimulus would cap unemployment at 8 percent

Yeah well....

1) Gheitner is the best...we need himn despite his tax issues
2) Obama claimed he got the advice of 100 of the worlds top economists

and yet....

When unemployment went to 10% all of those "top and Best" did not know how bad the economy was.

And the media simply went with it and said...."
ah, no wonder he made that mistake. Bush screwed the economy even more than anyone realized"

Maybe he simply did not have the top and the best working for him?