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176 Comments
This Modern World –
http://www.salon.com/comics/tomo/2009/07/07/tomo/
No, it’s Acorn, Freddie, Fannie, not the mortgage industry!
“SAN FRANCISCO (Reuters) – U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
Suspicious activity reports rose to 63,713 in fiscal year 2008, which ended last September, from 46,717 the year before. California and Florida, centers of the housing bust, had the highest numbers of suspicious reports as foreclosures jumped, the stock market dropped and credit dried up.
“These combined factors uncovered and fueled a rampant mortgage fraud climate fraught with opportunistic participants desperate to maintain or increase their current standard of living,” the Federal Bureau of Investigation said in its report.
“Industry employees sought to maintain the high standard of living they enjoyed during the boom years of the real estate market and overextended mortgage holders were often desperate to reduce or eliminate their bloated mortgage payments,” it said.
Reports filed through March put fraud reports on track to top 70,000 in the current fiscal year, the agency said.”
“Obama Joins World Leaders for G-8 in Italy”
Decisions, Decisions, Decisions.
What to give away today.
So many apologies, so little time.
And our prez just keeps setting new records!
—–
“Borrowing Surge
The Treasury is increasing debt sales to pay for the spending. After more than doubling note and bond offerings to $963 billion in the first half, another $1.1 trillion may be sold by year-end, according to Barclays Plc. The second-half sales would be more than the total amount of debt sold in all of 2008.”
” Record budget deficits that make additional spending much tougher to pass and a 26-year-high unemployment rate of 9.5 percent that is expected to rise to double digits. ”
This is definitely change I can believe in. It’s like a bad dream. Even awake it’s still there.
bush is a tough act to follow, too many apologies in order.
Things aren’t looking good for ‘cold cash Jefferson’. It seems that one more prominent democrat is caught with his hand in the till.
————
Jury sees videos of La. congressman accepting cash
By MATTHEW BARAKAT – 19 hours ago
ALEXANDRIA, Va. (AP) — A federal jury has seen video of a former Louisiana congressman accepting a suitcase filled with $100,000 in cash outside a northern Virginia hotel.
The videos played Tuesday are a key piece of evidence in the bribery trial of William Jefferson, a Democrat who represented parts of New Orleans. He’s accused of accepting more than $400,000 in bribes to broker business deals in Africa.
The FBI recorded the pickup from four different angles, all of which were shown to the jury.
On the video, Jefferson seemed wary of accepting the money in public. When asked by an FBI informant if he wanted to peek inside the suitcase at the contents, he tersely replied, “No, I would not.”
Jefferson’s lawyers have said Jefferson’s business deals weren’t illegal.
———–
A new episode of Mr. Deity is out.
http://scienceblogs.com/pharyngula/2009/07/a_new_mr_deity.php
Not surprising, a lot of ignorant people can be fooled into thinking a magic act is actual magic.
On this date, Jul 8th, record setting temperatures for Wichita Kansas
High: 108 °F (1980)
Low: 55 °F (1952)
High: 108 °F (1980)
I worked outdoors that summer. Dirt poor.
And Republican.
Not surprising, a lot of ignorant people can be fooled into thinking a
magic act is actual magicyoutube video has relevance.What’s that smell??
_____________________________________________
The former chief executive of a defense contractor tied to Rep. John Murtha has agreed to plead guilty to charges of taking bribes from a subcontractor, according to The Washington Post.
fooled into thinking a magic act is actual magic youtube video has relevance.
___________________________________
It does have relevance. I looked it up on Wiki.
Buffins…
I think you have to listen to everything that is said and not depend on just what is thought to be said.
I am getting a understanding of in part what Biden meant by they misunderstand just how bad the economy was.
The stim money that has been passed out so far is being sucked up by the states to make up the down turn in their budgets. It was kind of like if you gave food to be passed out to a starving family. They are going to feed themselves before passing out the food.
Rats! Late again.
Happy 7/8/9 10:11:12
Here’s a few questions for all the Blog dogs,
When will the unemployment figures exceed 10%?
(they will, you know)
When will President Obama’s approval ratings go below 50%?
(they will, you know)
With the way the economy is going, I predict unemployment figures will exceed 12% by the end of the year and exceed 10% by mid August.
President Obama’s approval ratings will be below 50% by August and not recover before the 2010 elections.
minutelady
Posted July 8, 2009 at 10:24 am | Permalink
Here’s a few questions for all the Blog dogs,
When will the unemployment figures exceed 10%?
(they will, you know)
========================
Bad news and layoffs like to appear during the holiday period of Thanksgiving through Christmas. I expect O’Bama to get several tons of coal in his Xmas stocking then.
I expect O’Bama to get several tons of coal in his Xmas stocking then.
Only if “clean coal” is available by then.
http://www.youtube.com/watch?v=bfcS1STL6WE
This didn’t seem to be a part of the ‘cap and trade’ BS.
Even these Virginia minors will figure out President Obama is a liar before the end of the year.
The Cap and trade bill the house passed without reading will soon be debated in the Senate. . .
Is it “minute” as in very, very small?
‘Cause that would make sense.
Minute (pronounced my newt) claims that President Obama’s approval ratings will be below 50% by August and not recover before the 2010 elections.
REALLY? BY AUGUST?
What did you do when your boy Bush fell below 30 percent approval rating for practically his entire second term?
The Mafia nods approvingly.
____________________________________
WASHINGTON – Vice President Joe Biden has announced a White House deal with the hospitals to help pay for President Barack Obama’s overhaul of health care.
Biden said the hospitals are ready to give up about $155 billion over 10 years in government payments. The money could then be used to help pay for covering millions of uninsured.
REALLY? BY AUGUST?
What did you do when your boy Bush fell below 30 percent approval rating for practically his entire second term?
__________________________________
Please note, capn does not deny it.
Back to the “awaiting moderation” ‘bot. Let’s break this down, shall we?
More scintillating diplomacy from The One:
MOSCOW (Reuters) – Visiting U.S. President Barack Obama made a pointed quip Tuesday about Russia’s sale of Alaska to the United States in the 19th century.
Referring to the long history of Russia-U.S. trade stretching back more than two centuries, Obama told an audience of business people in Moscow:
“Along the way, you gave us a pretty good deal on Alaska. Thank you.”
Czar Alexander II’s sale of Alaska to the United States in 1867 for $7.2 million in gold, around 1.9 cents per acre, was regarded by Russians as a national disgrace — particularly once it became clear that the province was rich in oil.
Moscow was short of cash at the time.
http://www.reuters.com/article/politicsNews/idUSTRE5663SB20090707?feedType=RSS&feedName=politicsNews&rpc=22&sp=true
—–
minutelady
Posted July 8, 2009 at 10:24 am | Permalink
Here’s a few questions for all the Blog dogs,
When will the unemployment figures exceed 10%?
(they will, you know)
When will President Obama’s approval ratings go below 50%?
(they will, you know)
With the way the economy is going, I predict unemployment figures will exceed 12% by the end of the year and exceed 10% by mid August.
President Obama’s approval ratings will be below 50% by August and not recover before the 2010 elections.
==================================================
Unemployment at 10% by beginning of fourth quarter (October).
Obama below 50% by Thanksgiving.
However with BHO it’s difficult. Approval of his policies and his job are going down and will continue to do so. Look for a major drop when this 3rd stimulus garbage gets legs. But because of the way the media covers him the minions all still think he’s “cool” and his general likability stays strong.
Ah – dreaded tag returns. How ’bout this?
—
This from a “student of history.” Riiiight.
This is what happens when we elect an untested, untempered rookie to be president. It seems that The One is determined to give his VP a run for his money as the White House gaff-o-matic.
OK – a bit more . . .
—
Oh, and BTW, this was two days ago. Heard about it on CNN? NBC? ABC? CBS? No? Hmmmmm – Do you think if Bus*itler had said the same kind of thing, a starry-eyed compliant media would have buried it?
I don’t think so either, Scooter.
Yup. Bus*itler is the offending word. Who’d a thunk. Well; here’s the whole thing. Enjoy.
—
More scintillating diplomacy from The One:
MOSCOW (Reuters) – Visiting U.S. President Barack Obama made a pointed quip Tuesday about Russia’s sale of Alaska to the United States in the 19th century.
Referring to the long history of Russia-U.S. trade stretching back more than two centuries, Obama told an audience of business people in Moscow:
“Along the way, you gave us a pretty good deal on Alaska. Thank you.”
Czar Alexander II’s sale of Alaska to the United States in 1867 for $7.2 million in gold, around 1.9 cents per acre, was regarded by Russians as a national disgrace — particularly once it became clear that the province was rich in oil.
Moscow was short of cash at the time.
http://www.reuters.com/article/politicsNews/idUSTRE5663SB20090707?feedType=RSS&feedName=politicsNews&rpc=22&sp=true
—–
This from a “student of history.” Riiiight.
This is what happens when we elect an untested, untempered rookie to be president. It seems that The One is determined to give his VP a run for his money as the White House gaff-o-matic.
Oh, and BTW, this was two days ago. Heard about it on CNN? NBC? ABC? CBS? No? Hmmmmm – Do you think if Bus*itler had said the same kind of thing, a starry-eyed compliant media would have buried it?
I don’t think so either, Scooter.
GMC–
Excuse me?
Where’s the gaffe?
You’re claiming that Russians in 1867 are still angry?
Of course, Bush would have never referred to the sale of Alaska by Russia.
He’s under the impression that Columbus discovered it on his second voyage, if he ever thought about it at all, which I doubt.
http://www.washingtonpost.com/wp-dyn/articles/A17347-2004Apr16.html
Asked by Woodward how history would judge the war, Bush replied: “History. We don’t know. We’ll all be dead.”
Capn,
So how about those 57 states?
http://en.wikipedia.org/wiki/Organisation_of_the_Islamic_Conference
Capn do you realize how stupid a person sounds when they can’t argue logic but feel the need to defend the indefensible.
Obama is a gaffe a minute the media just isn’t pointing it out – yet.
When they start there is no end to the material they will have. It will start. Wait for it.
Anyone ever notice that “capn’s” response to anything less than praise about bho is to scream “bush bush bush bush bush”??
Yet….during the Bush administration, if anyone, anytime EVER dared mention Clinton, “capn” would ridicule, insult, attack and become quite bellicose.
hypocrite, thy name is ‘capn’
Oko–
The gaffe was that Obama reminded Russians of a poor decision they made in 1867.
Gee, the French are going to be livid once they find out about the Louisiana Purchase.
BTW, the CONservatives of the day ridiculed the purchase of Alaska at the time. Seward’s Folly! (BTW, Russia sold it to the US so that the British who still controlled parts of Canada wouldn’t get it.)
Now Sarah Palin types own it. How times change . . .
“History. We don’t know. We’ll all be dead.”
____________________________________________
That’s not a bad answer.
WASHINGTON (Reuters) – U.S. President Barack Obama’s administration is not discussing a second stimulus plan, a White House budget official told the U.S. Congress on Wednesday.
“No one in the administration is talking about a second stimulus at this point,” Robert Nabors, who is tracking the effects of the economic recovery plan passed in February for the Office of Management and Budget, told a House of Representatives hearing on oversight of the $787 billion stimulus plan.
“No one in the administration is talking about a second stimulus AT THIS POINT,”
That has got to be a hot button, uber sensitive area for the ruskies, the sale of Alaska, especially since palin’s revealed she’d been tracking the goingons in russia!
Just for you chass,
Greenland: Ship carrying much needed provisions forced to turn back ‘due to large amounts of sea ice’
http://sermitsiaq.gl/indland/article89500.ece?lang=EN
What do you expect if you are not allowed to fire them!
______________________________________________
The GAO also released a photograph of a guard asleep at his post, and detailed an instance in which a woman placed an infant in a carrier on an X-ray machine while retrieving identification. Because the guard was not paying attention and the machine’s safety features had been disabled, the infant was sent through the X-ray machine, according to the report.
The FPS dismissed the guard, who, as a result, sued the agency for failing to provide X-ray training. FPS lost the suit because it could not prove that the guard had been trained, the report says.
It will soon be 12:34:56 on 7/8/9
Was s/he UNION fleet?
Andrew Sullivan provides a compendium of the Moose-Dresser’s lies –
http://andrewsullivan.theatlantic.com/the_daily_dish/2009/07/the-odd-lies-of-sarah-palin-a-roundup.html
Kind of a long piece because, y’know, he had a lot of material to cover.
Had it have been bush the statement in Russia would’ve been a smugly delivered “By the way, thanks for selling us Louisianna, we always like a good deal!”
Public support for the climate bill. Why did so many reps disregard their constituents?
___________________________________________________________
On public reaction to the Waxman-Markey climate swindle bill, an interesting statistic from New York Democrat Congressman Eric Massa
Press Release from the office of Rep. Eric Massa | PBS
4) My final reason for opposing this bill was you, the constituents of New York’s 29th Congressional District. In the week leading up to the vote, our offices received hundreds of phone calls urging a ‘no’ vote. In fact, after we tallied the responses, the “vote no” calls outnumbered the “vote yes” calls by a ratio of 19 to 1. My job is to represent you, and that’s exactly what I did in casting my vote. While voting based only on polling data is not in concert with my vision – representing this District is my job and I take your concerns very seriously.
G-8 Leaders Agree to Long-Term Temperature Limit
President Obama agrees to language supporting a goal of keeping the world’s average temperature from rising more than 3.6 degrees Fahrenheit.
__________________________________________________________
L’AQUILA, Italy — President Obama joined other leaders of the industrialized world Wednesday in backing new targets for battling global warming. But the wealthy nations were unable to persuade leaders of developing countries to commit to reductions of their own, and their cooperation is critical to avoiding the worst effects of climate change.
White House officials confirmed that Obama agreed to language supporting a goal of keeping the world’s average temperature from rising more than 3.6 degrees Fahrenheit.
_____________________________________________________________
Better break out that freon farting unicorn and magic wand !!!
And what are they using for a base point for the 3.6 degrees? Have they noticed we have been cooling over the last 8 years?
Sol–
Where’s that link to cooling again?
And did you see this article in today’s Eagle?
NASA data shows ‘dramatically thinned’ Arctic ice
22 hours ago
WASHINGTON (AFP) — Arctic sea ice thinned dramatically between the winters of 2004 and 2008, with thick older ice shrinking by the equivalent of Alaska’s land area, a study using data from a NASA satellite showed.
Using information from NASA’s Ice, Cloud and Land Satellite (ICESat), scientists from the US space agency and the University of Washington in Seattle estimated both the thickness and volume of the Arctic Ocean’s ice cover.
ICESat allows scientists to measure changes in the thickness and volume of Arctic ice, whereas previously scientists relied only on measurements of area to determine how much of the Arctic Ocean is covered in ice.
Scientists found that Arctic sea ice thinned some seven inches (17.8 centimeters) a year, or 2.2 feet (67 centimeters) over four winters, according to the study by NASA and the University of Washington, published in the Journal of Geophysical Research-Oceans.
They also found that thicker, older ice, which has survived one or more summers, shrank by 42 percent.
http://www.google.com/hostednews/afp/article/ALeqM5g2ZI0pyk92g4X2sLh9PGv2jVIbCQ
We’re conducting an unplanned, unsupervised experiment with the only atmosphere we’ve got.
Hey, great idea.
Posted July 8, 2009 at 3:26 pm
Have they noticed we have been cooling over the last 8 years?
———————-
They don’t waste time reading what some confused anonymous person named “soldevvb” falsely claims on the WE blog.
I’d like to see how the data get tortured to come up with “global cooling.”
It amuses me.
Wow, Arctic Ice gone in 30 years according to the Capn’s link!
I’m gonna save this ‘Henny Penny’ statement and rub some noses in it, cause it will never happen. :)
‘FACTBOX: G8 summit to set 2 degrees Celsius global warming goal‘
http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE56746M20090708
I guess the Capn and cosmos expect the North and South poles to change relative position to the sun and slide on down to the equator so they can melt. :D
Hey cosmos,
How much will the sea level rise if the floating ice sheets melt?
13th Street Lane Closures for Two Weeks
Date: July 8, 2009
Contact: Communications Team
Lanes scheduled to reopen in less than two weeks
Beginning at 7 a.m. on Tuesday, July 14, 13th Street will be reduced to one lane in each direction between Santa Fe Street and Barwise. The lanes are scheduled to reopen by 6 p.m. on Saturday, July 25. The lanes are being closed so that Dondlinger & Sons Construction Company, Inc. can clean and paint the new railroad bridge that carries Central Rail Corridor train traffic over 13th Street.
This work is part of the $105 million Central Railroad Corridor Project, which includes new railroad bridges at First, Second, Central, Murdock, and Thirteenth Streets, plus improvements at Douglas Avenue Bridge. Work on the Central Corridor began on April 18, 2005, and has noticeably improved downtown traffic flow. The fourth and final phase of work is well underway and is scheduled to be completed in the fall of 2009.
Just heard on NBC some of the details of the abomination called nationalized health care. It will require doctors to participate and will require them to accept lower payments for their services.
I can see it now…gubmint set salaries for everyone–just like the collective farms of the former Soviet Union. How did that work out?
joe biden’s sound bite:
health care for everyone, paid for by everyone.
riiiight. Is he going to tax the welfare families and illegals? Nope..but sure is going to GIVE health care to them.
So, if I am paying for EVERYONE, that gives me the right to demand government mandated blood pressure checks, government ordered exercise programs, and government monitored weight limits. After all, poor life choices are the cause of most health problems…so, if I am paying for it, I demand that these lazy fatties be forced to shape up.
CapnAmerica posted July 8, 2009 at 4:30 pm
I’d like to see how the data get tortured to come up with “global cooling.”
It amuses me.
——————–
They usually “cherry-pick” the endpoints, and then just draw a straight line, ignoring the other data.
#
Regular
Posted July 8, 2009 at 4:31 pm | Permalink
Wow, Arctic Ice gone in 30 years according to the Capn’s link!
I’m gonna save this ‘Henny Penny’ statement and rub some noses in it, cause it will never happen. :)
____________
They also omitted last winter’s record breaking cold and ice buildup.
Hansen never lies he just manipulates the truth.
“They usually “cherry-pick” the endpoints, and then just draw a straight line, ignoring the other data.”
Just like Mann’s bogus “hockey stick graph”. lol
Hey, Libs!!
You need to start singing Kumbaya a little louder!
______________________________________
WASHINGTON (Reuters) – The top U.S. military officer warned on Tuesday that time is running out for dialogue with Tehran to avoid either a nuclear-armed Iran or a possible military strike against the Islamic Republic.
raptor: Blue Cross is actively suggesting that folks go overseas for care, what with deals they have made with S.E Asian hospitals and travel people, they can bring in procedures that costs $45,000.00 in the US for $15,000.00 including travel and hotel. But I betcha their rates won’t drop. hmmmmm, outsourcing in a global market, sound familiar? They are running a “special” on this in South Carolina currently and apparently 500,000 Americans do this now. Another point, fraud was discoverd by Ontario with their healthcare cards, which baffled them for if it was free, why would anyone forge the cards? Guess who passes for Canucks better than anyone else? Now the card has been upgraded to include and RF chip and photo ID from the piece of plastic with an embossed number, but their biggest hope for reducing service to those not authorized, is the fact that now we have to have a passport to re-enter from Canada and few will bother…they hope.
Interesting that Canada will monitor those receiving “free” health care..but this country can’t stop the influx of millions of illegals, so what is to stop them from demanding ‘free’ healthcare as well?
Nothing.
I think our health care is being put aside by our Socialist Congress. Universal health care and so called reform means big dollars will leave our pockets and go into a health system that will be abused big time.
http://www.msnbc.msn.com/id/31782553/ns/politics-capitol_hill/
Washington (CNSNews.com) – House Majority Leader Steny Hoyer (D-Md.)said Tuesday that the health-care reform bill now pending in Congress
would garner very few votes if lawmakers actually had to read the entire bill before voting on it.
“If every member pledged to not vote for it if they hadn’t read it in its entirety, I think we would have very few votes,” Hoyer told
CNSNews.com at his regular weekly news conference.
http://www.cnsnews.com/public/content/article.aspx?RsrcID=50677
No surprise here.
Federal Government Was Culprit in Housing and Economic Crisis, Says Congressional Report
Wednesday, July 08, 2009
Washington (CNSNews.com) – Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday.
The claims in the report have long been advanced by conservatives, who argue that the Community Reinvestment Act and other federal programs fed
the housing bubble that burst in 2007 and led to the economic downfall in 2008.
But the report explains in detail how Fannie and Freddie — government sponsored enterprises (GSE) that were not subject to the same oversight
as other publicly traded firms
— “privatized their profits but socialized their risks.”
http://www.cnsnews.com/public/content/article.aspx?RsrcID=50680
(and we know democrats were bribed with campaign contributions from Freddy and Fanny)
What I’ll tell you what is now.
I CAN’T go to the doctor. I can’t afford it.
Funny, when I USED to go to the doctor, my wait was never more than a few minutes.
And I’m to understand that if me and one sixth of the population are given access to health care, we will SO burden the system that the rest of you all will have to stand on line for MONTHS?
What unmitigated crap. If you cons were honest, you would just out and admit that you want the poor to suffer and die.
” if me and one sixth of the population are given ”
Key word being “given”.
Polls show that the majority of those without healthcare insurance – are content. They also report being satisified with the healthcare they are already getting.
You must be 1/32nd of the population.
“Polls show that the majority of those without healthcare insurance – are content.”
Those without? I’ll oblige you to prove that.
you are so wrong, bj (nothing new there). My honest opposition to this poorly researched, rushed and probitively expensive government health care has nothing to do with denying health care to anyone.
It is because the bill is poorly researched, rushed, and prohibitively expesnive.
Unlike your hatred blinders, bj, I am being honest. I see a need for health care reform, but NOT this poorly prepared, unread and dangerous program that is being rushed thru Congress without anyone having a chance to even READ it.
‘Republicans Cribbing from Big Coal?‘
http://www.desmogblog.com/republicans-cribbing-big-coal
It really isn’t fair to consider unemployment under Bush to Obama. Now benefits are extended, so people don’t just fall off in six months.
I think the unemployment stats are those actively seeking work. They have to in order to receive benefits?
The stats are done through a survey of households.
Two-thirds of the nation’s attorneys general have filed an amicus brief asking the U.S. Supreme Court to grant certiorari in the case of NRA v. Chicago and hold that the Second Amendment applies to state and local governments through the Due Process Clause of the Fourteenth Amendment. This bi-partisan group of 33 attorneys general, along with the Attorney General of California in a separate filing, agrees with the NRA’s position that the Second Amendment protects a fundamental individual right to keep and bear arms, disagreeing with the decision recently issued by a three-judge panel of the U.S. Court of Appeals for the Seventh Circuit.
I don’t think “benefits” and “unemployment” numbers are directly related. Apples and oranges?
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today.
Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business
services, and construction.
Unemployment (Household Survey Data)
The number of unemployed persons (14.7 million) and the unemployment rate (9.5 percent) were little changed in June. Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.2 million, and the unemployment rate has risen by 4.6 percentage points.
In June, unemployment rates for the major worker groups–adult men (10.0 percent), adult women (7.6 percent), teenagers (24.0 percent),
whites (8.7 percent), blacks (14.7 percent), and Hispanics (12.2 percent)–showed little change. The unemployment rate for Asians was 8.2 percent, not seasonally adjusted.
Among the unemployed, the number of job losers and persons who completed temporary jobs (9.6 million) was little changed in June after
increasing by an average of 615,000 per month during the first 5 months of this year.
The number of long-term unemployed (those jobless for 27 weeks or more) increased by 433,000 over the month to 4.4 million. In June, 3
in 10 unemployed persons were jobless for 27 weeks or more.
Bureau of Labor and Statistics
Is the count of unemployed persons limited to just those people receiving unemployment insurance benefits?
No; the estimate of unemployment is based on a monthly sample survey of households. All persons who are without jobs and are actively seeking and
available to work are included among the unemployed. (People on temporary layoff are included even if they do not actively seek work.) There is no requirement or question relating to unemployment insurance benefits in the
monthly survey.
Frequent Q&A’s Bur Labor and Stats
Why are there two monthly measures of employment?
The household survey and establishment survey both produce sample-based estimates of employment and both have strengths and limitations. The establishment survey employment series has a smaller margin of error on the measurement of month-to-month change than the household survey because of its much larger sample size. An over-the-month employment change of 107,000 is statistically significant in the establishment survey, while the threshold for a statistically significant change in the household survey is about 400,000.
However, the household survey has a more expansive scope than the establish-
ment survey because it includes the self-employed, unpaid family workers,
agricultural workers, and private household workers, who are excluded by the
establishment survey. The household survey also provides estimates of employment for demographic groups.
Phantom?
Daily Presidential Tracking Poll
Wednesday, July 08, 2009
“The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 32% of the nation’s voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-seven percent (37%) Strongly Disapprove giving Obama a Presidential Approval Index rating of –5.
The number who strongly disapprove inched up another point to the highest level measured to date and the overall Approval Index is at the lowest level yet for Obama.”
And you ‘ain’t’ seen nothin’ yet !!!
Worst president ever….and notice I didn’t even bother to capitalize the word president.
How the ‘stimulus’ hurts the economy
Last February, Congress passed the largest spending bill in history, an $800 billion “stimulus” package that they claimed would kick-start the economy, “create or save 3.5 million jobs” and keep unemployment at or below eight percent.
Shortly before its passage, Heritage Foundation President Ed Feulner joined millions of Americans in asking “what will this spending accomplish?” His answer: “Not much.”
It’s now July, and it is increasingly evident that Feulner was right. Not much has come from the government’s spending plan. Not much, that is, aside from skyrocketing unemployment rates and astronomical increases in government debt.
The unemployment rate for the month of June came in at 9.5 percent, following sharp increases each month since the “stimulus” passed. “The stimulus must be judged a failure,” writes Heritage economist James Sherk. “Unemployment has risen not only above what the President’s advisors predicted would happen if the stimulus passed, but above what they estimated would occur without the stimulus.”
In an interview on Sunday with ABC’s George Stephanopoulos, Vice President Joe Biden acknowledged that the “stimulus” hasn’t had the predicted effect on the economy: “The truth is, we and everyone else misread the economy. The figures we worked off in January were the consensus figures and most of the blue chip indexes out there.”
Many stimulus proponents attempt to qualify these admissions by arguing that the “stimulus” package is too slow or too small. But the truth remains that massive government spending does not jolt the economy, it stifles it. As one FoxNews reporter explains, “the stimulus made things worse.”
The many economic benefits the administration promised with this $800 billion spending plan “remain invisible,” writes Sherk.
The “recovery” plan is nothing more than what Feulner in February called a “sham ’stimulus.’”
- Amanda Reinecker
You got that right Boxlock!
Worst Prez ever.
Just 17% of Americans say the government is more likely to spend its money wisely and carefully than a private business, according to a new Rasmussen Reports national telephone survey.
(And libs want to trust the gubermint with healthcare.)
Keep up the wrong work Obama! You are helping repubicans better than republicans are helping republicans!
Oh I disagree!
President Obama has the very WORST among us terribly upset! THESE are the greedy and stupid people who caused all of our problems and I am just GIDDY with their upset!
Even gubermint workers agree!!!!
Sixty-eight percent (68%) of investors say a private business is more likely to spend its money wisely and carefully. Sixty-two percent (62%) of government employees agree, compared with 71% of those who work in the private sector.
I’m not upset BlowJ, not at all, I’m tickled. I am seeing the DimLib fascist candidate starting to go down in flames.
This could be the greatest thing to happen for the benefit of this country….to return to a work ethic morality. Dumping parasitic scum that rely on others to provide for them to experience (suffer) the consequences of their own choices, and demonstrating the failure of big government run societies, that have always failed.
#
#
BlueJay
Posted July 8, 2009 at 7:45 pm | Permalink
Oh I disagree!
President Obama has the very WORST among us terribly upset! THESE are the greedy and stupid people who caused all of our problems and I am just GIDDY with their upset!
===========================
Well BlueJay, nobody gives a schitt.
Monday, July 06, 2009
Sixty percent (60%) of U.S. voters now oppose the passage of a second economic stimulus plan this year, a five-point increase in opposition since the issue was first raised in March.
A new Rasmussen Reports national telephone survey shows that just 27% of voters favor a new stimulus plan……..
(watch democrats continue to not listen to the people and rush through another wasteful stimulus. Get your popcorn conservatives – libs are their own worst enemy.)
Boxlock isn’t a shame dims had to go so low, before the sheep opened their eyes?
Funny or sad – they ain’t done yet!
heh!
http://www.huffingtonpost.com/2009/07/08/top-ten-messages-on-sarah_n_227583.html
I think I’ll go nuke me some of that theatre butter popcorn and watch Obama implode:
*While a sizable majority (77%) of populist or Mainstream America says a private business is more likely to be a careful spender, the Political Class is closely divided over the question.
Despite President Obama’s pledge of unprecedented oversight of all government spending, 59% of Americans are not confident that taxpayer money will be wisely and carefully spent. Fifty-one percent (51%) don’t believe the government will be doing any better four years from now.
A majority of voters (53%) believe more government spending hurts the economy anyway.
Thirty percent (30%) of voters now say the stimulus plan passed by Congress in February is hurting the economy, while 31% believe it has helped. Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the plan now should be canceled.
Fifty-five percent (55%) of Americans believe decisions made by U.S. business leaders will do more to help the economy grow than decisions made by the government.
Seventy-four percent (74%) of Americans trust their own judgment more than that of the average member of Congress when it comes to economic issues facing the nation.
Sixty percent (60%) of voters trust their own economic judgment more than Obama’s.
Americans also view two of the government’s top financial planners, Treasury Secretary Timothy Geithner and Federal Reserve Board Chairman Ben Bernanke, more negatively than positively. Investors are even more skeptical of them.
Forty-seven percent (47%) of Americans oppose more government regulation of the U.S. financial system.
*And it’s that populist independent mainstream voters who will make a difference in 2010!~
Like I said before, dem LIBs can’t get them enuff Sarah!
(Que the Banjo)
“. Dumping parasitic scum that rely on others to provide for them…”
I couldn’t agree more!
It is long past time that we get rid of the idea, institutionalized in this country, that it is perfectly ok for one human being to make his living off of the work and talents of others via exploitation.
Obama is clearly in over his head.
Pass some of that nuclear POPcorn, American Way!
I ran into an Obama bashing Republican at the store the other day.
Overheard her carping about cap and trade.
By the time I was finished with her? I think she’ll keep her mouth shut going forward. She was made to feel and look rather stupid.
Your sent probably made her mouth shut and her legs instinctively divert away from your presence, BlueJay.
I have yet to hear a good argument for Cap & Trade, except from Wall St. Traders that were drooling at the mouth.
or scent, either way.
BJ I heard about that on the police scanner and I believe there is a warrant out for you. Harrassment and verbal assault. The poor women was scared to death. Said you looked demented and your eyes were glazed over.
I think I’ll call and give them your address. You can straighten them out.
i am sure you are proud of yourself there bj… insulting, demeaning and ridiculing someone is your style.
Whatever happened to a mature, rational and ADULT exchange of ideas? Not possible with bj around…
“Whatever happened to a mature, rational and ADULT exchange of ideas? ”
Did I say otherwise?
All she had was talk radio talking points.
She was eventually reduced to calling me names and virtually covering her hears and going “lalalala”
#
BlueJay
Posted July 8, 2009 at 8:07 pm | Permalink
I ran into an Obama bashing Republican at the store the other day.
Overheard her carping about cap and trade.
By the time I was finished with her? I think she’ll keep her mouth shut going forward. She was made to feel and look rather stupid.
——————————
Please, oh please come up to me in a store and step into one of my conversations uninvited.
:)
did you say otherwise? uh…yeah..to quote the above…
“She was made to feel and look rather stupid”
Doesn’t sound rational, adult or mature now, does it? Or, is that just your normal ‘conversational’ ability?
After all…how DARE anyone express an opinion that differs from the GREAT bj???
“Doesn’t sound rational, adult or mature now, does it?”
No, she really wasn’t. And I could tell that the store employee she was distracting was happy to have HER distracted. As little as she seemed to know, her victim seemed to care even less.
BJ says “It is long past time that we get rid of the idea, institutionalized in this country, that it is perfectly ok for one human being to make his living off of the work and talents of others via exploitation.”
You are absolutely Jr. Get off your whiney behind and take care of your own and quit living off the rest of us who work for our money. I am tired of being exploited by you and other deadbeats with their hands out.
What parasites.
Why are we tolerating North Korean cyberattacks upon the U.S.?
http://www.nytimes.com/2009/07/09/technology/09cyber.html?_r=1&hpw
I wonder how many times Junior flying spittle cover the area before the woman realized she was in danger from all the biological drool?
“I am tired of being exploited by you and other deadbeats with their hands out.”
And how was it, you got through college, granny? Some people have no shame. Pathetic.
#
StevenEDavis
Posted July 8, 2009 at 8:42 pm | Permalink
Why are we tolerating North Korean cyberattacks upon the U.S.?
http://www.nytimes.com/2009/07/09/technology/09cyber.html?_r=1&hpw
———————————–
Who said we are tolerating it?
Who knows, N. Korea might have some unexplained power outages in the near future. :)
why don’t you ask bho why this country is tolerating cyberattacks? course, he will likely sing kum bah yah, hold hands and hope for change….
like that is going to stop north korea or anyone else? nope…but it sures ‘feel good’, doesn’t it?
“and quit living off the rest of us who work for our money.”
I don’t take the compensation for anyone’s labor beyond my own okie. We know you can’t say the same.
well, bj, you must be doing a p## poor job of “taking compensation…”
“BlueJay
Posted July 8, 2009 at 6:53 pm | Permalink
What I’ll tell you what is now.
I CAN’T go to the doctor. I can’t afford it”
Must be tough to work so nobly and not have any health insurance. let me guess…part time day labor?
Steven I have worked since I was 16. The state paid for 13 of my credit hours. I think they have gotten their moneys worth out of me. I have never drawn welfare. Paid for my own childrens care and health insurance. For you to even attempt to compare my circumstances with Jr is the height of ridiculousness even for a lib.
Must feel bad to have such a lame argument.
Just heard on Greta that we are spending $100,000,000 a day just for the interest on the first stimulus bill. It is unbelievable that anyone no matter how dim can think this is a smart move.
Yes that is one hundred million dollars a day!
BlueJay
Posted July 8, 2009 at 8:07 pm | Permalink
I ran into an Obama bashing Republican at the store the other day.
Overheard her carping about cap and trade.
By the time I was finished with her? I think she’ll keep her mouth shut going forward. She was made to feel and look rather stupid.
————-
That was pretty brave of you BlueJay. Felt safe that she was little and/or old enough she couldn’t kick your azz?
okie…the “gimmee more FREE stuff’ mentality cannot comprehend the work and sacrifice it took many of us to get thru college so we could become self supporting. your comments are lost on them, they feel ‘entitled’ to FREE stuff because they never bothered to earn it on their own.
I know Raptor you are right. It just bothers me more about a professional person like StevenD to echo BJs stupidity because I know he is in a position to influence others.
Jr as brave as he acts with his words is neutered by his own shortcomings and no danger to anyone thank goodness.
E. Wichita, if it hadn’t hit you yet, get ready for some hail
I think we are right in its path. Who had the baseball size hail?
Nothing here yet but rain and some lightning…
“The many economic benefits the administration promised with this $800 billion spending plan “remain invisible,” writes Sherk.
The “recovery” plan is nothing more than what Feulner in February called a “sham ’stimulus.’””
SO, just how much of the stimulus funda have even been spent yet, hmmmm??? I thik I heard a figure last week of something like 10%???
Chas if the stimulus was so important it had to be rushed through the house in the dark of night and if as Obama said – there were shovel ready jobs waiting for the funding – why are they holding the money. Waiting for the unemployment numbers to top 10%?
This isn’t something for the administration or you to brag about.
All I am saying is this: It seems pretty bogus of all the naysayers to keep bit*hing about money that has yet to be used…
Shovel ready?? Take a look at Ohio… They are building new highways already… Kansas?? Look at the street construction all over Wichita… Oklahoma working like crazy on I-35…. at least as far down as Ponca City…. And much work west of OK City on I-40…. Shovel ready??
It’s out there, if people would bother to LOOK for it… And again… just 10% of this stimulus package has even been allocated as of yet…. WAIT… LOOK… it will be happening… unless all you all want to do is just keep up the never-ending B*tch Fest on Obama…
Why should anybody be surprised??
How many new employees have you hired since February, Okie?? How many more do you plan to hire the rest of this year???
How much NEW work have you been out generating since February??
Or do you think you are doing your fair share by bit*hing constantly against Obama and the Stimulus???
Chas how many of these jobs are using stimulus money. People are bit*hing because we have the highest unemployment in 26 years and it is climbing. Why hold the money if it was the cure all for the economy. It seems to many that it was doled out to pay back campaign promises.
Do you get the idea you are quickly becoming a lone voice in the forest?
Chas the business climate isn’t one which encourages businesses to hire. It isn’t a climate that encourages banks to loan money. It isn’t a climate that gives confidence to consumers that they can spend money and feel good about it.
In short we are in a hunker down economy. What is this administration doing to dispel these feelings.
What encouragement are they giving to those afraid to spend money because their job might be the next one to go.
I’m not the problem Chas. I am a vocal part of the outcry for this administration to do what it said it would do when elected. So far the only change I have seen is rising unemployment, more foreclosures, defaults on credit card payments and a consumer base that is scared to death and looking at this administration for some answers.
Who had the baseball size hail?
====================================
F.U., Friends University area.
In answer to your question Chas. We won’t be hiring this year I fear. We are working hard to keep the employees we have busy.
What have you done to help the economy?
As you know, I work in the non-pofit sector… I work for myself… I get no handouts, nor do I ask for any… I pay my bills, so that others can keep working… I buy my groceries, and keep gas in my car… In otherwords, I spend money, in order to keep others employed, so they can spend money… just the way a good Capitalistic Society is supposed to work….
BTW, I didnt say you are a problem… Sorry to hear business is down… Maybe others arent doing any spending….
Maybe people are living in fear, because they buy into all of the faulty information that the nay sayers keep spitting out every day…. Maybe they are afraid to spend their money, because they have been scared…. not by Obama, but by the daily accusations made against Obama, and the government…. MAYBE if more people would get behind the efforts being made to turn things around, lots less people would live in an environment of fear….
Change we can believe in only happens when Americans work together, to make that change happen…. Sure, we have a long way to go…. but that was all part of this plan… In short, it wont work as long as people bit*h and moan day after day after day, that it wont work, and its all Obama’s fault….
People working TOGETHER…. That’s the heritage of this nation…. As long as there are those running off at the mouth about bringing government down, and serving up such huge LIES about government leaders… No, then, we dont have much of a chance to make this work….
And if it doesnt work??? Well, I suppose all of the nay sayers will feel REAL PROUD of themselves…. And if it doesnt work, lthe nay sayers better damn well have ideas to MAKE it work…. Which so far, I havent seen any indications that the nay sayers have any plans… just griping and moaning, and playing chicken little to the hilt….
With that, it’s time for bed… I plan on sleeping good….
Lots of dime to quarter size hail coming down.
Nothing but pea size hail here – typical T-Storm, must have been in the cusp of it as no major influence here.
Some more words about the Health Reform boon doogle.
The Socialist Obama and the Socialist Congress want to dictate our medical care. If we allow them to do this, then toss all other rights we have into the trash can. Control over medical care is control over your life. Government interference in the free market (think Medicare and Medicaid) is the reason most of us pay huge premiums for medical insurance and care. The Socialists want to expand government control until we have no choice about our own bodies. Government is not the solution, as the more “advanced” socialist countries have discovered, Government is the problem
Chas always easy to play the blame game and I for one want this administration to succeed. The plan they adopted however has been tried over and over and it just doesn’t work. The money in the hands of government wont encourage people to part with the few dollars they have. Money in the form of lowered tax that puts money in the hands of the consumers has been shown to end recessions.
Have a good one.
We know Chas, we had to listen to naysayers for 8 years. :)
Just rain and a bit of wind here — pretty calm her now…
Nite all!!
BlowJ is so full of crap that the minute he opened his mouth the stench flowing out overwhelmed the poor lady and of course she would retreat.
Only a sick’o would consider that winning an argument.
But what’s new.
“Chas always easy to play the blame game and I for one want this administration to succeed.” [Okie]
Ya know, your line about wanting this administration to succeed is getting totally worn out… since you dont believe a word of it… This plan has never been tried in this country in my lifetime… Thats 58+ years… This is NEW… And IF you want it to succeed, as you say between negative rants, then WORK TO MAKE IT SUCCEED!!! Instead of your steady stream of negativity!! WORK WITH IT… instead of working AGAINST it every chance you get!
Up to pingpong size hail. Probably have roof damage from this.
And if you arent going to work with the program, and for the program… Then stop your blasted CRAP of how much you want Obama to succeed… cause the bulk of your posts here indicate the opposite… that you want, indeed, for Obama’s plans, AND this country, to FAIL….
In the history of nations, when a nation fails, it is always the HAVES who suffer more than the HAVE NOTS… Please keep that in mind….
Good night — sleep well…
Chas if you lived through the Carter years you lived through this plan which failed.
Charles please don’t judge others motive because you are so wrong with your conclusions. Who in his right mind would want Obama to fail. Don’t say Rush because that one has no legs.
People are suffering, out of work, families are breaking under the stress, bills aren’t being paid – what is Obama doing about it?
Oh, brother. Hypocrisy is seeing the CONs condemn Obama because his “approval ratings are going down.”
What was it when Bush was down around 20 percent approval? Polls don’t mean anything. A leader doesn’t pay attention to polls. The only poll that matters is the one on election day.
Hehehehe . . . well, they got the last one right anyway.
*****
The stimulus was exactly the right thing to do. Banks in America cannot be allowed to fail. He’s pumping money into the economy just like FDR did to get the economy going after the RepubliCONs (Coolidge-Hoover) cut taxes and regulations on the rich and caused the last depression.
Wow, we got hammered here by rain and hail. Hail was bouncing in through the dog door . . .
People are suffering, out of work, families are breaking under the stress, bills aren’t being paid – what is Obama doing about it?
Not all of this is purely Obama, some of it is the Democratic Congress, but
1. Unemployment benefits have been extended twice.
2. Obama instituted an instant middle-class tax cut when he became president, 800 dollars for married filing jointly.
3. Obama took control of failing banks so they couldn’t topple the financial system, unlike Hoover in 1929.
4. First time homebuyers get a tax credit of 10 percent of purchase price up to 8,000 dollars.
5. The gov’t will subsidize 65 percent of COBRA health benefits for those who are fired for 9 months.
6. Pell Grants for needy college students have been raised by 500 dollars to 5350 dollars. Also the tax credit for college tuition was raised.
The complete list from the NY Times follows in the next post.
Capn I’ll ask you the same thing I asked Chas. Obama ‘had’ to have the stimulus. It was passed without even reading it. He said it would keep the unemployment under 8%. Chas says they haven’t spent 10% of the money.
What are we waiting for? Where are jobs?
This downfall has to end or the recovery will be years in the future and as a nation we can’t afford that.
Where are the answers?
Chas
Posted July 8, 2009 at 10:31 pm | Permalink
Change we can believe in only happens when Americans work together, to make that change happen…. Sure, we have a long way to go…. but that was all part of this plan… In short, it wont work as long as people bit*h and moan day after day after day, that it wont work, and its all Obama’s fault….
———————————-
“that change happen”
What change? You just parrot whatever THE Big O says or have some specific changes been planned?
What if I don’t agree with “that change”?
Do you stifle opposing views and not allow Freedom on speech?
You sound so afraid Chas, of reading any opposing views.
Do you have inadequate knowledge as to the details of “that change” and/or no confidence in “that change” that makes you so afraid to have “that change” questioned at all?
If “that change” is so sound and the details carefully worked out, you should not be so afraid to expose “that change” through a transparent Government for all to see.
And you should not be so afraid of criticism, IF you can defend “that change”.
Whatever the he11 “that change” is.
Tax cuts Individuals New tax credit for workers
Provide a tax credit at a rate of 6.2 percent of earned income (after federal taxes are taken out), up to $400 for individuals and up to $800 for couples, in 2009 and 2010.
Health; Aid to States Help states with Medicaid costs
Increase the federal government’s contribution for Medicaid costs to help states close their budget gaps. The Senate favored a formula to distribute the money that is more beneficial to less-populous states, whereas the House voted for extra help for those that have experienced large increases in unemployment. The compromise bill splits the difference on formula changes between the House and Senate.
Tax Cuts for Individuals Extend patch for the alternative minimum tax
Exempt up to $46,700 of an individual’s income and $70,950 of a couple’s income from the A.M.T. in 2009 and allow the use of nonrefundable personal credits to avoid the A.M.T. The tax was originally aimed at the very rich but has begun to engulf middle-income families because it has not been adjusted for inflation. Each year, Congress creates a temporary fix to keep millions of people from paying the alternative minimum tax.
Education and Job Training; Aid to States Help states prevent cuts to essential services like education
Includes nearly $40 billion for local school districts and public colleges and universities.
Unemployment Extend and increase unemployment compensation
Continue an extended unemployment benefits program, set to expire at the end of March, through the end of 2009; extend the average weekly payment, about $300, by $25. The program would provide jobless workers an additional seven weeks of compensation, on top of the 13 weeks they would regularly get. Workers in states with high unemployment rates would get an additional 13 weeks, to a total of 33 weeks. Unemployment compensation for railroad workers, who are not included in the federal or state unemployment system, would be extended to 13 weeks.
Transportation Provide money for highways and bridges
Provide money to states to repair or construct highways or bridges, reallocating money that is not spent quickly.
Health; Unemployment Health coverage under Cobra
Subsidize 65 percent of the cost of premiums for jobless workers to keep group health coverage for nine months. Such workers would otherwise have to pay 102 percent of premiums, including the employer’s share. To be eligible, workers need to have been forced out of their jobs between Sept. 1, 2008, and Dec. 31, 2009.
Aid to Individuals Increase food assistance
Provides $20 billion to increase benefits for the Supplemental Nutrition Assistance Program (formerly the Food Stamp Program) by 13 percent. Also includes $500 million for a special nutrition program for women, infants and children (WIC), $100 million for senior nutrition programs, $100 million for school lunch program and $150 million for food banks.
Health Incentives to Medicaid and Medicare providers to adopt health information technology
Education and Job Training; Aid to Individuals Increase the maximum Pell Grant by $500, from $4,850 to $5,350
Tax Cuts for Individuals Expand eligibility for Child Tax Credit
Allow households making at least $3,000 to subtract $1,000 from their tax bill for each child in 2009 and 2010. Under current law, the tax credit is of no use to families with incomes below $12,550.
Aid to Individuals Provide cash payment to seniors, disabled veterans and other needy individuals
Give a one-time payment of $250 to recipients of Social Security, Supplemental Security Income, railroad retirement benefits and veterans disability compensation or pension benefits.
Tax Cuts for Businesses; Energy Expand tax incentives for renewable energy facilities
Extend production tax credit for wind energy facilities through 2012 and other renewable energy facilities through 2013. Allow renewable facilities to claim investment tax credit instead of production tax credit. Remove cap on investment tax credit for small wind property. Allow renewable energy producers to claim a 30 percent cash grant from the Treasury Department in lieu of the 30 percent investment tax credit.
Education and Job Training; Tax Cuts for Individuals Expand higher education tax credits
Expand the federal Hope scholarship for 2009 and 2010 to provide a tax credit of up to $2,500 a year for all four years of college tuition, instead of $1,800 a year for the first two years.
Education and Job Training Provide additional money to schools serving low-income children
Provide additional money to Title I schools, which serve poor children; the money ($13 billion over two years) would increase annual spending by more than 40 percent.
Education and Job Training Provide additional money for special education
Increase the federal government’s share of the cost of teaching children with special needs.
Energy Modernize the electric grid
Make the electric grid “smarter,” by improving communication so electricity can be distributed and used more efficiently.
Aid to States; Education and Job Training Create new bonds for improvements in public education
Create $22 billion of new tax credit bonds for the construction and repair of public school facilities or to acquire land for construction of new public schools. Authorize states and local governments to issue another $1.4 billion in bonds to finance improvements in low-income school districts.
More at link:
http://projects.nytimes.com/44th_president/stimulus
I don’t recall the Dems working with Bush to make his plans succeed.
I don’t recall any of the Dems saying they hoped Bush plans would succeed.
What’s this big need the Democrats have for Republican affirmation and acceptance?
Are the Dems so inadequate and so lacking in confidence that they can’t do anything without Republicans even though they have fillibuster proof Majority in the Senate, they control the House, and the White House?
Do the Dems need 100% Control of Congress to succeed?
I just don’t understand why the Democrats are so lacking in confidence in themselves.
Do they not have a workable plan that they are proud to reveal to all in detail?
Oko asks “when will it end? what are the answers?”
To answer that question, one has to look at when it began. The National Bureau of Economic Research declared that the US economy went into recession in December of 2007 according to Wiki.
That means that the US was already in recession for about 14 months before Obama took office.
It’s unrealistic to expect Obama to turn that around in barely four months.
Great plan Capn.
When will unemployment stop getting worse?
When will unemployment get back to 5%?
When will the Deficit drop below $1 Trillion?
Just wondering.
JimmyMax whines, ‘What if I don’t agree with “that change”?’
That’s okay, JimMax. We’ll give you your tax break too even though you don’t know what’s good for you.
It’s not unrealistic at all to expect a quick turnaround.
Obama said the Stimulus would keep unemployment from exceeding 8.5%.
He alreday blew that prognostication.
What’s his best scientific wild @ssed guess now?
$timulus Two will be passed when?
“When will unemployment stop getting worse?”
I hope it doesn’t take as long as it did under Reagan when it took two years . . .
I saw a 20 something kid walking down the street today wearing a “Reagan” t-shirt.
Holy Mackeral, what a tool.
Ya gotta think the Reagan t-shirt was irony.
The t-shirt rack is great fun at vintage clothes and Salvation Army stores.
“okobserver” –
You still on-line?
I’d discuss your silly questions if you are.
Obama said the Stimulus would keep unemployment from exceeding 8.5%.
Not exactly. His economic advisors predicted that unemployment would not exceed 8 percent BEFORE Obama was president and before they got fourth quarter 2008 stats.
This is what he said as Pres:
Will unemployment reach 10%? asks Hunt.
“Yes,” says the president.
Before the end of this year? asks Hunt.
“Yes,” says the president.
“I think that what you’ve seen is that the pace of job loss has slowed,” Mr. Obama says, “and I think that the economy is going to turn around. But as you know, jobs are a lagging indicator. And we’ve got to produce 150,000 jobs every month just to keep pace.”
But, he said, “we will end up seeing recovery shortly.”
http://blogs.abcnews.com/politicalpunch/2009/06/president-obama-predicts-unemployment-will-hit-10-this-year.html
Do any of you CONs have anything you’re actually, y’know, for?
Who’s talking about Reagan?
Obama said the Stimulus would hold unemployment below 8.5%.
What’s his next best guess?
okobserver
Posted July 8, 2009 at 10:44 pm | Permalink
Up to pingpong size hail. Probably have roof damage from this.
*****
Oko–
Be sure to have it inspected. I had an old roof of cedar shakes (not good even though they’re expensive and look good), and we had a hail storm two or three years ago.
I didn’t think much about it until the neighbors had theirs inspected and it was a total loss.
So, then I followed up and sure enough, I got a totally new roof for the price of my deductible, and this one was actually installed properly as opposed to the old one . . .
Sorry, “JimJohnson” –
As Yogi Berra said, “Predictions are tough, especially about the future.”
JimMax can read a stimulus package that has 1000 moving parts and say, “the Dems aren’t doing anything . . . ”
Maybe he can’t read.
That would explain a few things.
“Up to pingpong size hail. Probably have roof damage from this.”
Good!
Of course, you will get your prison labor right on it.
You despicable, exploitive, expletive deleted.
One of the things most people don’t know about homeowners’ insurance claims is the adjuster is your friend. Most are free-lance contract workers and they get paid commission for the more company payouts they allow.
It seems to defy logic, but that’s capitalism gone made these days. “Storm Troopers” travel all through the midwest during tornado season.
If you’ve had hail in your neighborhood request an adjuster to survey any potential damage. Even if the roof didn’t get a knick, an adjuster is likely to award you full replacement.
It’s just one example of low-level white-collar crime and America is swimming in these kinds of mini-frauds.
MH–
No kidding . . . you know, I got the feeling that the adjuster was more eager than I would have been to pronounce the roof a total loss.
I mean it had some dents, but it didn’t seem that serious to me, but new roof it was!
Thank goodness for free market idiocy.
“The plan they adopted however has been tried over and over and it just doesn’t work.” [Okie]
What more proof do we need to show, once again, that Okie wants Obama… AND our great nation… to FAIL!!
I dont have the time now to bone dig… But, Okie, you got other posts just as negative as this one….
Either get WITH the Nation, and these programs… or Get out of the way, so the rest of the nation can help make it succeed… Cause you arent doing anybody any favors with you silly “chicken little” approach….
BTW, NONE of what we are seeing now happened during the Carter Administration… Somewhere upthread, YOU yourself said we havent seen a recession like this in 26 years…. That would be 1983… during the REAGAN administration!!
Not to think for a moment any of you WE Blog CONs are capable of reading a real book, but –
You really should read Upton Sinclair’s 1935 masterpiece, It Can’t Happen Here.
It was written during the early FDR years. And Sinclair was keenly aware of what was going on in Germany at the same time.
Huey Long wasn’t dead yet and J. Edgar Hoover was turning Bonnie & Clyda & Dillinger & Baby Face Nelson (he hated that) & Pretty Boy Floyd (he hated that into the FBI while posing for newsreels touting him as “the most eligible bachelor in Washington!”
I last read “It Can’t Happen Here” during the Bush administration.
The irony is: Given some of the regular CON rants that clutter WE Blog, I suspect if any of you CONs actually read books, you’ll share some of my feelings.
Who’s the real “Buzz” Windrip?
Shrub? Or President Obama?
Since you like the NY Times:
Doubts About Obama’s Economic Recovery Plan Rise Along With Unemployment
By EDMUND L. ANDREWS
Published: July 8, 2009
With unemployment already at 9.5 percent and likely to exceed 10 percent, much higher than White House officials predicted back in February, Mr. Obama has been facing attacks that his $787 billion stimulus program was either too timid or wrong-headed or both.
(Here Comes $timulus TWO!)
…Now, just five months after Congress agreed on the plan, with only a fraction of the money actually out the door, Washington is debating the need for a second round of stimulus amid economic and political crosscurrents.
…Administration officials acknowledge that their initial forecasts, which anticipated that unemployment would peak at 8.5 percent, were too optimistic, although they were in line with Federal Reserve and most private forecasters.
http://www.nytimes.com/2009/07/09/us/politics/09stimulus.html?ref=us
But Mr. Obama and Democratic lawmakers face difficult political and economic constraints if they try any kind of midcourse correction.
The budget deficit for 2009 will hit $1.7 trillion, according to the Congressional Budget Office. That equals 12 percent of the nation’s gross domestic product and is far higher than any deficit under any president since World War II.
Regardless of whether a second round of stimulus came from higher spending or lower taxes, the added kick to the economy would take months to arrive and would push the deficit even higher.
One risk facing policy makers is that bond investors around the world, already jittery about the flood of new Treasury debt being issued, would become even more nervous about future inflation and demand higher interest rates. Higher rates would probably push up the cost of mortgages as well as business borrowing, offsetting any lift that came from an additional stimulus program.
Baracks Blunder – Graph Shows Obama Error
Obama economists’ jobless predictions off by 2.9 million
http://www.econinternational.com/blog/2009/05/12/obama-economists-jobless-predictions-off-by-almost-3-million/
In January, Administration economists Romer & Bernstein predicted that stimulus spending would mean that unemployment at the end of this year would be 7.6 percent.
Now, Christina Romer, chairwoman of the White House Council of Economic Advisers, says that even with the stimulus spending, end-of-year unemployment will be 9.5 percent.
In other words, Romer implies that another 925,000 workers will lose their jobs by the end of the year.
If Romer’s most recent prediction is correct, that means that in “selling” the stimulus package Romer & Bernstein were off by almost 3 million jobs. That is a margin of error of 20 percent.
Steve Allen used to have a bit on the (almost original) Tonight Show where he’d read actual Letters to the Editor of the New York Herald or Daily News; some right-wing paper in NYC in the 50s.
He’d read ‘em verbatim, but in a shouting angry old man voice.
I imagine most CON posts to WE Blog in that irate gonna-bust-a-blood-vessel voice. “JimJohnson” is the latest, “MaxGrobnik” was one; “Regular,” of course is regular as a bowel movement.
Anyway.
I know, “Chas,” why you and “BlueJay” and others get worked up over the utter black hole of ignorance and arrogance we observe from CONs in this forum.
Don’t take these idiots too seriously. But keep an eye on ‘em.
After all, one of the most “respected” CONs in this forum believes the universe is 6,000 years old and Baby Jesus had a pet dinosaur and Wilma Flintsone was the Virgin Mary. (Something like that.)
You gonna discuss anything scientific with someone with those prejudices?
Sorry. It might be distracting to discuss something but it’s nothing to get upset over. Not in WE Blog, anyway.
When “okobserver” revealed she needed 7 different junior colleges to get her
associates“degree,” I wondered if her nym might be a type; it was supposed to be “akobserver.” She’s the damned Moose-Dresser!In the flesh! (Or in the waders. Whatever.)
Typical personal attack by the Monkeyman.
Is THAT (12:39) your response to Obama’s unemployment projection being off by 2.9 Million Unemployed, so far?
Try another personal slam, since you ain’t got nuthing else.
Not surprisingly, “JimJohnson” –
Most of the states suffering the most from Bushonomics are led by Repubic Party governors.
Rick Perry tried to turn down — but merely delayed — stimulus money to Texas.
Mark Sanford was tried and eventually failed — failed so bad he had to “hike the Appalachian Trail” with his Argentinian soul-mate.
The Moose-Dresser kept saying and non-saying “Thank but no thanks” her state needed ’til she finally treated public office the way Jerry Lee Lewis treats concert dates.
So if you dick around with political posturing, transfer stimulus money into the debts your tax-cut rhetorical mantra into programs to cover your ass for prior fiscal incompetence… maybe the impact of the February stimulus package might be delayed.
Even the term “shovel ready” acknowledges you first have to, y’know, buy some shovels, hire some shovelers, get someone who can read the blueprints to tell the shovelers where to shovel.
That takes some lead time.
Chas had a similar, emotional, brainless response and personal attack at 12:04.
With posts like this and Monkey’s, one should really question ANYTHING they post about global or national economic policy.
Right Monkey, shovels are needed – to clean your posts-up.
So Obama’s unemployment forecast is off so far, by 2.9 Million unemployed because:
-Bush’s fault
-Republican Governors fault
-And you claim the Republican States are suffering more – you should be able to find a few objective stats to support that, but of course you can’t, because it’s simply not true.
Try again Monkey.
“JimJohnson” whines about an alleged –
“Typical personal attack by the Monkeyman.”
I’m not sure what you consider “personal.”
Perhaps you can clarify.
“Is THAT (12:39) your response to Obama’s unemployment projection being off by 2.9 Million Unemployed, so far?”
Actually, no.
It was kinda personal comment to fellow “libs,” about how kookie some of you CONs get in this forum and I think they sometimes get more worked up over it.
“Try another personal slam, since you ain’t got nuthing else.”
Again.
Just what are you taking “personally?”