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  • Jobless claims and inflation are rising

    Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

    Jobless Claims, Inflation Jump as Economy Wobbles
    Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

    The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

    Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

    Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

    "When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

    http://www.cnbc.com/id/35457298

  • #2
    Under Bush:

    1) First net job loss since Hoover.

    2) First modern admin with zero job growth.

    Where was barryr with the "concern" about joblessness then?

    And does barryr really think all those good jobs that were shipped overseas under his hero GeeDubya are coming back?

    Comment


    • #3
      I predict that excuse that will never end.

      Comment


      • #4
        I predict that the denial re: the effects of eight years of republi-con misrule will never end...



        http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

        Comment


        • #5
          Originally posted by L.A. BRONCOS FAN View Post
          Under Bush:

          1) First net job loss since Hoover.

          2) First modern admin with zero job growth.

          Where was barryr with the "concern" about joblessness then?

          And does barryr really think all those good jobs that were shipped overseas under his hero GeeDubya are coming back?
          ****, man not just GW. Jobs were starting to get shipped overseas after NAFTA & GATT went through. I bet the ink hadn't even dried when the fatcat corporations started getting to work on that. Clinton helped sell us out too, man don't forget that!

          Comment


          • #6
            Originally posted by Dudeskey View Post
            ****, man not just GW. Jobs were starting to get shipped overseas after NAFTA & GATT went through. I bet the ink hadn't even dried when the fatcat corporations started getting to work on that. Clinton helped sell us out too, man don't forget that!
            Yep, NAFTA was a bad idea, to say the least.

            However, Clinton still managed 20% job growth on his watch.

            Comment


            • #7
              Originally posted by barryr View Post
              Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

              Jobless Claims, Inflation Jump as Economy Wobbles
              Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

              The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

              Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

              Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

              "When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

              http://www.cnbc.com/id/35457298
              This is certainly not a good sign for any of us. However, you know full well there will be down months and there will be up months. You also know full well that this time last year, the US was losing 750,000 jobs a month. The sad truth of it all is you really don't care about job loss and what a dire situation this country has been in since early 2007. All you care about is trying to save face for the absolute disaster of a President we had over the previous 8 years because it fits into your political agenda.

              Really, don't lecture us about Economics 101. Bush had plenty of advisers and people in his party telling him that tax cuts during war and a time of increased spending was a bad idea and he did it anyway. Now here we are several years later and no real sign of recovery or economic growth resulting from the cuts.

              Go ahead, keep focusing on trashing the current administration who has had realistically a little less than a year of policy to try and turn around a country and economy in a free fall. Or, are you so ignorant that you think the first few months of the Obama administration was his fault too?

              Seriously, when are you going to ask why the frivolous tax cuts are going to do some good in this country? When are the tax cuts that favored the rich going to trickle down to the rest of us? It's been several years now and nothing but increased deficit and debt. Yet, all you can do is focus on a President and administration that has only been in office for a year.

              Pitiful.
              Last edited by Popcorn Sutton; 02-18-2010, 06:21 PM.

              Comment


              • #8
                Rightards like barryr do seem to be cheerleading every time something bad gets posted. Yet as usual don't have the balls to admit that this mess was dubyas or the smarts to realize that it will take more than one year to fix.

                Comment


                • #9
                  Originally posted by barryr View Post
                  Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

                  Jobless Claims, Inflation Jump as Economy Wobbles
                  Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

                  The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

                  Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

                  Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

                  "When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

                  http://www.cnbc.com/id/35457298
                  Dude you are standing knee deep in a barrel of shiit and you are arguing who filled it up. Isn't that missing the point?

                  Comment


                  • #10
                    Right wingers have put the United States in its worst finanal shape since the great depression . Massive spending on two wars plus the deregulation of our finnancial system have cripple our economy. Obama pretty much save the United States from going into a depression . Right wingers have blocked all effects in improve the economy and have even said they would rather the United States go unto a depression rather then helping Obama.

                    Comment


                    • #11
                      The question I have is hypothetical but one that I'd be real curious to hear about from barryr and others.

                      Say McCain won the Presidency with the fact that the Congressional Budget Office predicted 1.3 trillion dollar deficits prior to any President coming into office in 2009. As well as, job losses in the 750K per month range, imminent bank failures including but not limited to some of the largest banks in the world not to mention one of the largest insurance companies in the world (AIG). GM facing bankruptcy, the need for a surge in spending in Afghanistan, the still looming mortgage crisis and so on.

                      Given these factors: Where do you suppose the country would be with McCain as President? Please, I just want to know how you really feel on this topic. No need to take jabs on either side here. Just state your opinion on what would have been different and how that would have made things better or worse. Do you believe that another round of tax cuts (which we hear about every day from Republican politicians) would have done a better job getting us out of the very large recession that started in early 2007?

                      A follow up question: The Bush Administration cut taxes 3 times favoring the rich by percentage. I'm assuming that Reaganomics is in play when they cuts taxes like they did. So the follow is, do you believe that we have seen any sort of trickle down in the private sector from the 1.7 trillion dollars in tax cuts during the Bush Administration?

                      I hope to gain some insight. I guess we'll see how this goes...

                      Comment


                      • #12
                        Originally posted by Bronx33 View Post
                        I predict that excuse that will never end.
                        Hey Dumbass, the job market went to **** while your hero was the dictator. So you can whine all you want about others pointing out that he was the worst thing to happen to the US since Pearl Harbor.
                        He was a walking/ talking disaster.
                        Last edited by TailgateNut; 02-19-2010, 07:31 AM.

                        Comment


                        • #13
                          Originally posted by baja View Post
                          Dude you are standing knee deep in a barrel of shiit and you are arguing who filled it up. Isn't that missing the point?
                          Just wanted to quote this in hopes that some people might read it again!

                          Comment


                          • #14
                            BUMP!

                            Rand Paul tried to warn us. Milk would be $12 a gallon after Obama's stimulus. Gold would be $10,000 an ounce. ZIMBABWE-STYLE INFLATION YOU GUYS!!!

                            INFLATION!

                            INFLAAAATIOOON

                            Last edited by Blart; 04-29-2013, 03:08 PM.

                            Comment


                            • #15
                              Three years in from OP, why face reality when delusion can be bliss. I love this old bumps from the conservative doomsayers, proving them wrong is so delicious

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