Drudge Retort: Red Meat for Yellow Dogs

Unemployment is likely to top 10% for the first time in over 25 years opening the Obama administration up to charges that the $787 Billion stimulus was a failure.

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This happens on the Messiah's watch

Just like 9/11 happened on Bush's watch

Living by the rules the Lefties wrote for 8 years

I wonder how the Danish pastries are tasting this morning.

Can't wait to see what indicator libs here will use to curb these rising numbers. When other factors are thrown in, isn't it around 17%?

Of course they still have the Bush card, but has that trump been used up?

BTW...

Vern if I remember right, you live in the region of those big earthquakes. What is the word from where you are?

Good thing the stimulus is working real good.

Bu....bu....bu.....bu....bu...
...bu........bu......we "saved" millions and oh I might as well lie some more and say we also created millions of jobs in September before we lost them.

8% with Stimulus and no sky fall. Yeah, that's the ticket.


-Professor Lobamaty

What is the word from where you are?

#6 | Posted by crispee_oc at 2009-10-02 09:51 AM | Reply | Flag:

Here in Taiwan we get an earthquake at least once a week that we can feel. The big issue this time of year is the typhoons. A devastating one hit Taiwan in September, and the storm that's now pounding Luzon will be here by Tuesday.

I hate the six flight climb to the fourth floor, but more than once we've had to bed down our neighbors on the first floor

Where is that idiot Woke and his 2003 formula he pasted on another thread? Figured he would have made some comment on the Unemployment numbers.

www.pacificviews.org

"Unemployment is likely to top 10% for the first time in over 25 years opening the Obama administration up to charges that the $787 Billion stimulus was a failure.
Posted by taxman at 08:48 AM"

Actually, it hit 9.8%:

www.bls.gov

Question: How much (and for how long) of the $787 Billion stimulus has been spent?

"Here in Taiwan we get an earthquake at least once a week that we can feel. The big issue this time of year is the typhoons. A devastating one hit Taiwan in September, and the storm that's now pounding Luzon will be here by Tuesday.
#9 | Posted by vernon at 2009-10-02 10:38 AM"

That may be true for all of Taiwan, but most of Taiwan (both in area and population) does not experience that degree (size and frequency) of earthquakes. Of course, if you live in Hualien...

Typhoons (especially THIS year) are much more of a concern.

Now let me be clear. This is only 1 in 100 people. -Joe Biden

Yowza!

That stimulus can start working any time now.

Question: How much (and for how long) of the $787 Billion stimulus has been spent?


Just wait for the $3 trillion Chimpy borrowed from China to turn Iraq into an Iranian province kicks in.

Question: How much (and for how long) of the $787 Billion stimulus has been spent?

Just wait for the $3 trillion Chimpy borrowed from China to turn Iraq into an Iranian province kicks in.

#15 | Posted by reinheitsgebot at 2009-10-02 01:28 PM

LOL, I love it. Responds to the question with a Bush deflection that isn't even related to the same issue. What a tard.

LOL, I love it. Responds to the question with a Bush deflection that isn't even related to the same issue. What a tard.

#16 | Posted by LIVE_OR_DIE


You're right dipshit, Bush's cratering of the economy has no correlation to the unemployment numbers.LOL

Health care should fix this broken economy.

"Question: How much (and for how long) of the $787 Billion stimulus has been spent?

#11 | Posted by TrueBlue at 2009-10-02 12:23 PM"

Curiously, it looks like no one has been willing to pick up on this question so far. As of July, only $60 Billion (less than 8%!) had been spent. The plan was for only about $185 Billion to be spent by the end of 2009 (less than 24% of the total). Bottom line: feel free to throw around the $787 Billion figure all you want, but very little of that has actually been spent and even that only recently. To evaluate the effectiveness (or lack) of the stimulus package probably should at least wait until it has been implemented.

useconomy.about.com

To evaluate the effectiveness (or lack) of the stimulus package probably should at least wait until it has been implemented.
* * * *

Maybe. But that hasn't stopped Obama and Biden from doing exactly that. Maybe you should write the White House.


Yowza!


That stimulus can start working any time now.

#14 | Posted by LIVE_OR_DIE

Where would we be today without it?

It is about time we be critical of the democratic party and this obama administration.

What have they done to stop this downing tide????

Nothing, not one damn thing. They are more interested in feeding the rich corporate mongers than helping the people of the nation.

Where would we be today without it?

Same place we are now.

"However, the unemployment rate is a lagging indicator. This means it measures the effect of a recession and so occurs after one has already started.

Employers are reluctant to lay people off when the economy turns bad, and even more reluctant to hire them when the economy improves. For that reason, the unemployment rate can only confirm what the other indicators are showing.

For example, if the other indicators show a quickening economy, and the unemployment rate is declining, then you know for sure businesses are confident enough to start hiring again. Since it is a lagging indicator, unemployment can worsen even after the economy starts to improve. For example, unemployment went from 5.6% in 2002 to 6% in 2003, even though the recession ended in 2002."

ust wait for the $3 trillion Chimpy borrowed from China to turn Iraq into an Iranian province kicks in.

#15 | Posted by reinheitsgebot at 2009-10-02 01:28 PM

The fool reinheitsgebot deflects to Bush.

Moneywar, your ignorance is showing.

Just saying.....

That stimulus can start working any time now.

#14 | Posted by LIVE_OR_DIE

Where would we be today without it?

Dow 1400!

-Ray

The current unemployment rate is a measurement of the recession that began in 2007-2008.

That recession has begun to ease under this new administration.

That isn't a deflection. It is simply a fact.

Where would we be today without it?

#21 | Posted by Manypaths at 2009-10-02 05:05 PM

Since most of it hasn't been spent, pretty much the same place. It might work great, it just hasn't been spent yet, so I guess we'll find out.

You're right dipshit, Bush's cratering of the economy has no correlation to the unemployment numbers.LOL

#17 | Posted by reinheitsgebot at 2009-10-02 02:19 PM

Except you weren't talking about Bush cratering the economy, you were talking about his wars. Nice try at moving the goal posts.

Since most of it hasn't been spent, pretty much the same place. It might work great, it just hasn't been spent yet, so I guess we'll find out.

#29 | Posted by LIVE_OR_DIE

You don't have any new road construction going on around you? People working. Infrastructure improving?

What made the stock market go back up?

Many,

Your foolishness is showing....unemployment isn't lagging, they are still laying off and it is increasing.

You can put a spin on this as much as you want but after all the numbers being truely reported in about 2 weeks we will be around 10% and 500,000 more lost their jobs.

Our economy on main street is not getting better, it is getting worse. In fact airlines are holding off for the holidays but as the decline in actual bookings begins to show they will start their layoffs.

We have a long long way to go and it will continue until this democratic party and this obama administration pull their heads out of the corporate ass and begin thinking about the citizens of this nation.

Until then, layoffs will continue, and just wait for the holiday shopping....boy are those numbers going to be a fun political mix.

What made the stock market go back up?

LOL!!! What made the stock market go down?????

You don't have any new road construction going on around you? People working. Infrastructure improving?

What made the stock market go back up?

#31 | Posted by Manypaths at 2009-10-02 05:16 PM

The road construction around here never really stopped, so I don't know how much of that is stimulus.

And I don't know all of what made the stock market go back up, but I doubt very much of it was stimulus if it hasn't largely been spent yet.

I'm not arguing against the stimulus or saying it's ineffective, I just want to see it spent and start working, if it's going to work.

To evaluate the effectiveness (or lack) of the stimulus package probably should at least wait until it has been implemented.
* * * *

Maybe. But that hasn't stopped Obama and Biden from doing exactly that. Maybe you should write the White House.

#20 | Posted by rightisright at 2009-10-02 04:58 PM

Funny how that works. Something negative said about the stimulus, we are told to wait on evaluating it. Something positive? Praise Obama!

Your foolishness is showing....unemployment isn't lagging, they are still laying off and it is increasing.

Maybe you don't understand. It is a lagging INDICATOR.

For example, unemployment went from 5.6% in 2002 to 6% in 2003, even though the recession ended in 2002."

Do you understand what Lagging Indicators are?

See, the economy can improve while the unemployment rate continues to climb.

Indicator
1. A measurable economic factor that changes after the economy has already begun to follow a particular pattern or trend

And I don't know all of what made the stock market go back up, but I doubt very much of it was stimulus if it hasn't largely been spent yet.

It was the confindence that it instilled in Wall Street that helped.

LOL!!! What made the stock market go down?????


#33 | Posted by moneywar

Lack of confidence.

"Funny how that works. Something negative said about the stimulus, we are told to wait on evaluating it. Something positive? Praise Obama!
#35 | Posted by LIVE_OR_DIE at 2009-10-02 05:24 PM"

Curious.

I was thinking just the opposite, from following YOUR lead...

It was the confindence that it instilled in Wall Street that helped.

#37 | Posted by Manypaths at 2009-10-02 05:26 PM

I can buy that.

I think it also was destined to go up anyway. After a certain point, stocks get so low that people would have to be crazy not to pick them up.

But as far as jobs are concerned, if the stimulus hasn't largely been spent, it isn't creating the jobs it was intended to create. It's almost making me think confidence was the real, unspoken goal of it.

Curious.

I was thinking just the opposite, from following YOUR lead...

#39 | Posted by TrueBlue at 2009-10-02 05:35 PM

Are you retarded? I've never been outright opposed to the stimulus. I questioned the hasty nature in which it was passed, especially in light of the lack of haste in spending it, but haven't been against it. Sounds like you're butt-hurt, because you know that you have no problem with hasty evaluations that favor your political party, but take issue and ask people to wait when negative evaluations come out.

"Are you retarded? I've never been outright opposed to the stimulus. I questioned the hasty nature in which it was passed, especially in light of the lack of haste in spending it, but haven't been against it. Sounds like you're butt-hurt, because you know that you have no problem with hasty evaluations that favor your political party, but take issue and ask people to wait when negative evaluations come out.
#41 | Posted by LIVE_OR_DIE at 2009-10-02 05:39 PM"


Nice.

In case you missed the point of my post #39: I was highlighting the irony that folks from another point of view (you, for example) were likely to deride/praise President Obama but in an OPPOSITE sense (such as you have in previous comments). Clear enough now?

At no time did I make any comment pro/con regarding the stimulus, except for a previous post (NOT directed specifically to you, BTW) suggesting a wait-and-see attitude since the stimulus only has JUST begun being implemented. OTOH, it would appear that you are more inclined to make the hasty evaluations.

Meanwhile, my butt is just fine (not that it's any of your business), thank you. Similarly, thank you for asking, but I'm going to pass on your question regarding my retardedness.

Try looking at how the stimulus is being spent in your state.

I wonder how flying to Denmark helped our economy.

"Try looking at how the stimulus is being spent in your state.
#43 | Posted by mysterytoy at 2009-10-02 06:49 PM"

Actually, my state appears to be (fortunately) not as hard hit by the Recession and is likely to be one of the first to come out of the Recession. There is a 'stimulus project' (infrastructure construction) going on within 10 miles of my home (kudos to a governor who is investing in the future!). At this point, I'd be hesitant to definitively say whether the two issues (stimulus vs. recovery) have any verifiable connection. They might (or might not), I just think it is too soon to tell.

"I wonder how flying to Denmark helped our economy.
#44 | Posted by mysterytoy at 2009-10-02 06:52 PM"

Probably more than clearing brush.

See how easy it is to deflect off topic?

Similarly, thank you for asking, but I'm going to pass on your question regarding my retardedness.

#42 | Posted by TrueBlue at 2009-10-02 06:45 PM

Probably for the best.

"Similarly, thank you for asking, but I'm going to pass on your question regarding my retardedness.
#42 | Posted by TrueBlue at 2009-10-02 06:45 PM

Probably for the best.
#47 | Posted by LIVE_OR_DIE at 2009-10-02 07:46 PM"


Agreed.

After your comments and my rebuttals, it'll be obvious which one is retarded.

Q.E.D.

After your comments and my rebuttals, it'll be obvious which one is retarded.

#48 | Posted by TrueBlue at 2009-10-02 09:16 PM

LOL, your rebuttals?

Like when I said I guess we'll find out in regards to the stimulus, and you said it would appear that you are more inclined to make the hasty evaluations?

Yeah, nice rebuttal, retard. hahaha

As of July, only $60 Billion (less than 8%!) had been spent.

#19 | Posted by TrueBlue at 2009-10-02 03:39 PM | Reply | Flag:

So much for 'shovel ready' projects.

The only remedy for failed socialism is....MORE SOCIALISM!
This is what made my party lose the White House for 12 years after Carter. Refusing to see the sagging numbers and insisting what does not work will work is suicidal.
You investors should ask republicrats who their major new contributors are, because they are next in line for the gravy train.

Our economy on main street is not getting better, it is getting worse. . .

We have a long long way to go and it will continue until this democratic party and this obama administration pull their heads out of the corporate ass and begin thinking about the citizens of this nation.

Until then, layoffs will continue, and just wait for the holiday shopping....boy are those numbers going to be a fun political mix.

#32 | Posted by moneywar

you are, of course correct . . .
and the severity of this recession was mostly an intentional effort to cram down consumerism - that done, it's spiraled out of control and they're desperately trying not to show it


recessions naturally bounce back - they ALWAYS do, unless stifled by government

during this attempted recovery, BUSINESS has been WARNED by fed gvt

a) profits are evil

b) energy is evil and your energy costs WILL "skyrocket" to unknown levels

c) you need MORE gvt regulation

d) taxes WILL rise


there is NO WAY for business to forecast future demand OR even future cost of doing business . . they are doing the ONLY thing they can do to survive . . .
CUT BACK & hope they survive

you're also correct that holiday retail will be non existent

Lack of confidence.

If you are buying and selling you stock by what economists and presidents say in the media than you shouldn't be there in the first place.

Do you understand what Lagging Indicators are?

I understand perfectly, and you go ahead and just keep thinking it is lagging.

We will have at least another year of continued layoffs and after Thanksgiving the retailers are going to start letting go from lack of sales.

No one can fricken buy anything, but it is lagging.

MarkH,

you out in left field, not worthy of addressing your post.

Come back to earth without the horrible hacking rhetoric and maybe someone will straighten you out.

MarkH, you out in left field, not worthy of addressing your post.

Come back to earth without the horrible hacking rhetoric and maybe someone will straighten you out.

#55 | Posted by moneywar

you are correct again - - I agreed with YOU right down the line . .
I must be wacky (well one of us is)

"LOL, your rebuttals?
Like when I said I guess we'll find out in regards to the stimulus, and you said it would appear that you are more inclined to make the hasty evaluations?

Yeah, nice rebuttal, retard. hahaha
#49 | Posted by LIVE_OR_DIE at 2009-10-03 12:22 AM"


*sigh* Wrong again.

My post #39 was a rebuttal to your post #35. FYI: you can tell that because it quotes and references your post #35: "Funny how that works. Something negative said about the stimulus, we are told to wait on evaluating it. Something positive? Praise Obama!
#35 | Posted by LIVE_OR_DIE at 2009-10-02 05:24 PM"

Curious.
I was thinking just the opposite, from following YOUR lead...
#39 | Posted by TrueBlue at 2009-10-02 05:35 PM"


The "opposite" would be:
'Funny how that works. Something POSITIVE said about the stimulus, wait on evaluating it. Something NEGATIVE? Praise Obama!'

Apparently that seemed to confuse you since you then launched into a juvenile response which tauted that you were not opposed to the stimulus, you were just opposed to the manner in which it was passed and the rate it was being implemented. HOWEVER, your comments had NOTHING to do with my rebuttal and to clarify I stated that in my reply.

You also wandered even further off into sweeping generalizations that I have "no problem with hasty evaluations" (IRONY!). From that it was obvious that you are the one making hasty evaluations. A side note: we likely have much to agree on regarding the stimulus and how it's being implemented, but (again) that had nothing to do what I posted to you.

Meanwhile, your repeated name calling and added fascination with the condition of my butt just illustrated the depth of your arguments and understanding of the issue.

Nice chatting with you.




when unemployment figures hit this during REagan..
the media research thingy said this morning that media reaction to that ran at NINETY PER CENT negative

and now with obama it runs SEVEN per cent negative.


go figure

ALSO REMEMBER LAST MONTH when it wasnt as bad as they thought it was going to be

"THE STIMULUS Is working"
"OBAMA IS THE ONE"

mmmm mmmmm mmm


and THIS MONTH

I have already heard it on cnn

ITS BUSH"S FAULT..

what a bunch of bullshit artistS?

and arent you all so HAPPY that IM here to bring this news to you...

also this AM saw clips of the media savaging reagan over numbers close to this..
cant wait to hear cnn do the same to obama..
but wont hold my breath

I here the bill to continue another unemployment extension of 13 weeks for the highest unemployment states is stalled in the senate as the senators from those states who arent going to get it are going to vote against it. It should be for everybody. If this bill succeeds it will drive another 3,000,000 people out into the streets another 1,500,000 bankruptcies and forcloseures.
Our society is changing rapidly to that of haves and havenots and the middle class is disappearing and will be gone by 2020.

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