More economic good news, unemployment rate drops to 8.6%

[CrusaderFrank]

Here's how Libs would report the Lincoln assassination:

Abe Lincoln liked "Our American Cousin" and would probably see it again if he wasn't critically injured

 

[MeBelle]

Oh lookie.. more sourceless and unsubstantiated graphs by chrissypoo again

Some are not sourceless (had to zoom in order to see where they came from)
BUTTT (and y'all knew there would be one) the graphs are outdated.

 

[MeBelle]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

All information coming from the Gov't is totally true!

 

[MeBelle]

President Bush Addresses Nation on Economic Crisis - YouTube

your guy created the mess

1...2...3... Cue!!

Dat's write, its alll aboat bbooooooooooooossssssssshhhhhhhhh

/spelling sarcasm off

 

[Mr.Nick]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

 

[Mr.Nick]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

All information coming from the Gov't is totally true!

I knew I forgot something in my previous post....

I forgot to add that only an idiot would believe anything our government has to say... CBO is a perfect example....

You know shit is bad when our own government cant be trusted to tell us the truth...

 

[LoneLaugher]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

 

[MeBelle]

100 mph, what the ****'s the point?

Wrong.

I think the answer is how FAR will it travel...

Who cares how far it will travel?

Just as long as it gets my venison on the dinner table in time for Christmas!

 

[Mr.Nick]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

If you were so goddamn smart you would know presidents don't matter because they don't legislate...

Quite frankly I doubt you even know the process in which a bill is passed... I doubt you even know we have 535 members of congress up until now...

 

[The T]

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

If you were so goddamn smart you would know presidents don't matter because they don't legislate...

Quite frankly I doubt you even know the process in which a bill is passed... I doubt you even know we have 535 members of congress up until now...

Only BYPASS the Congress and beat thier chest about it..."we can't wait..." Barack Obama

 

[MeBelle]

Sure it's good. Too bad though that the Christmas season won't last much past January..

It happens every year. You would think the libs would get it by now.

Did it happen in 2007 and 2008?

It didn't happen last year either.

You really are lame.

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

Pot meet Kettle...
and a ladle with holes in it, maybe a track back machine instead?

Name calling is still name calling, no matter the 'justification' for it.

 

[MeBelle]

Whats happening is a recovery is building steam.
<snip>

So is my iron.

 

[Mr.Nick]

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

If you were so goddamn smart you would know presidents don't matter because they don't legislate...

Quite frankly I doubt you even know the process in which a bill is passed... I doubt you even know we have 535 members of congress up until now...

Only BYPASS the Congress and beat thier chest about it..."we can't wait..." Barack Obama

They certainly can veto or pass executive orders but both theoretically can be vetoed by congress..

If its a spending it really doesn't matter because only the House can fund programs even if they're legislated into law..

 

[Mr.Nick]

It happens every year. You would think the libs would get it by now.

Did it happen in 2007 and 2008?

It didn't happen last year either.

You really are lame.

I had this very same discussion a year ago dummy...

Progressives were championing how great the economy was and the stimulus was finally working...

There you go again.....calling a person who is smarter than you a dummy.

The economy is better now than it was when Obama took office. Facts are facts.

BTW......I was responding to the folks who keep saying that we get a bump in employment at X-mas every year. That is clearly not the case. Why don't you know that?

Pot meet Kettle...
and a ladle with holes in it, maybe a track back machine instead?

Name calling is still name calling, no matter the 'justification' for it.

I don't mind being called names....

I think it's amusing....

 

[MeBelle]

Hey! My husband had that mindset. I was a bill collector, so I wasn't actually "working."

I wonder how you'd do, carrying a full course load.

Bill collecting is actually booming these days!

 

[Trajan]

This is great news. Congrats ,Barack Obama. If he can get us the rest of the way out of the middle east and this can keep improving...It will be very hard to unseat Obama in 2012.

why yes of course, vaporize 315,000 people off the roles and you can play the stats anyway you like. let me ask you , and the genius's that rode your silly ill informed coattails, if we create just 120k jobs a month, what happens to the other new participants?

we need to create approx. 125-150k jobs a month to keep up with pop. growth, you know, new entrants into the job market?

and aside from that what about the folks who are on the sidelines and are not counted in this number?

so by your thinking, if another oh 3 million drop off the roles, the unemployment rate you advertise will drop to oh, 5%? and its morning in America eh?

Jesus Christ, stop being a

 

[The T]

If you were so goddamn smart you would know presidents don't matter because they don't legislate...

Quite frankly I doubt you even know the process in which a bill is passed... I doubt you even know we have 535 members of congress up until now...

Only BYPASS the Congress and beat thier chest about it..."we can't wait..." Barack Obama

They certainly can veto or pass executive orders but both theoretically can be vetoed by congress..

If its a spending it really doesn't matter because only the House can fund programs even if they're legislated into law..

True...but having a Senate that doesn't want to play ball...and lets legislation from the House back up like a clogged sewer drain...has but one purpose...Partisan politics over Country.

Someone has to pay the price. I prefer it be the whole LOT of them with a giant enema to be administered by the people next year.

 

[Chris]

Oh lookie.. more sourceless and unsubstantiated graphs by chrissypoo again

Some are not sourceless (had to zoom in order to see where they came from)
BUTTT (and y'all knew there would be one) the graphs are outdated.

GDP has been growing since 2009.

The stock market has doubled since 2009.

Americans net worth is up $9 trillion dollars since 2009.

Americans paid off $1 trillion dollars of personal debt in the last few years.

We are leaving Iraq, which will save us billions.

We are leaving Afghanistan in 2014, which will save us billions.

Auto sales are up 13.9%,

Pending home sales are up 10%,

Retail sales are up 16%

Unemployment is down to 8.6%

The deficit problem has been solved with the expiration of the Bush tax cuts and the automatic spending cuts in 2013.

Bin Laden and Gaddafi are dead.

And it's all Obama's fault!

 

[Trajan]

Bureau of Labor Statistics Data

Funny......the same thing does not happen every year.

Post your retractions here.

All information coming from the Gov't is totally true!

well 2 can play that game too




The 315,000 seasonal drop in the civilian labor force is almost unprecedented for a November. Since 1982, there have been only 7 times the labor force has dropped between an October and a November, and only 3 times has the drop been even close to this steep. In 2002, 273,000 departed the labor force, in 2008, 332,000 departed the labor force, and in 2009, 227,000 departed the labor force.


Employment Situation Summary

 

[Trajan]

Oh lookie.. more sourceless and unsubstantiated graphs by chrissypoo again

Some are not sourceless (had to zoom in order to see where they came from)
BUTTT (and y'all knew there would be one) the graphs are outdated.

GDP has been growing since 2009.

The stock market has doubled since 2009.

Americans net worth is up $9 trillion dollars since 2009.

Americans paid off $1 trillion dollars of personal debt in the last few years.

We are leaving Iraq, which will save us billions.

We are leaving Afghanistan in 2014, which will save us billions.

Auto sales are up 13.9%,

Pending home sales are up 10%,

Retail sales are up 16%

Unemployment is down to 8.6%

The deficit problem has been solved with the expiration of the Bush tax cuts and the automatic spending cuts in 2013.

Bin Laden and Gaddafi are dead.

And it's all Obama's fault!

8.6%, if you had a brqain you'd be dangerous,. and cars sales? careful how you parse that...aside from the volts catching fire;

In the past two months, everyone has been scratching their heads just how it is possible that the US manufacturing base continues to chug along at pre-recession levels even as the world all around America burns? Today, GM may have given the answer, courtesy of its monthly disclosure of car sales which at the top line is completely irrelevant as the funding for these purchases comes almost entirely from subprime loans handed out by the government to NINJAs. What is interesting is the little blurb in every monthly report discussing the amount of dealer inventory, a topic well-known to frequent readers of Zero Hedge which has discussed GM's pervasive channel stuffing in the past, and which subsequently went quite mainstream. So how does November channel stuffing stack up? As the chart below shows, at 623,666 cars, it is an all time absolute record, and represents about 3.5 times the total GM vehicles sold in November! It is also a 31k increase in the past month, and 85k cars more in inventory than in July. Because when economic growth at all costs is needed to demonstrate just how viable America is, and a semi-nationalized car marker is one of the only conduits to "generate" economic growth, it does not matter if the end product is actually demanded or will simply corrode and rust in some dealer showroom in perpetuity. After all it is the act of building the car that matters for various monthly PMI, CMI, regional Fed and GDP purposes. Pretty much exactly like in China's goal seeked "economy." So the next time someone asks just how is it that the miraculous US decoupling continues, please point them to this chart.

GM Channel Stuffing Surges To All Time Record | ZeroHedge