Drudge Retort: Red Meat for Yellow Dogs

The United States economy shed 20,000 jobs in January, the government said Friday, but the unemployment rate fell to 9.7 percent from 10 percent in December. "You don't have a boom, but you have an economic recovery," said said John E. Silvia, chief economist at Wells Fargo. "It's a positive sign.”

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Of course, the economy was hemorrhaging 700,000 jobs per month, thanks to GNOP policies, when Obama took office.

While everyone would have preferred no jobs lost, well, except Republicans, 20K is nowhere near the 150K a month it has been.

More fuzzy math from the Labor Department. Three days ago they announced that there were 800,000 fewer jobs in the economy than they originally thought; now the unemployment rate drosp 30 basis points even though 20,000 jobs were lost.

Heck, if a few million more people lose their jobs, we could have the unemployment rate back down to 5% in no time flat.

When you run out of unemployment benefits, unemploymment rates fall too. What a fucking joke.

"The department also revised its past employment estimates to show that job losses from the Great Recession have been much worse than previously stated. The economy has shed 8.4 million jobs since the downturn began in December 2007, up from a previous figure of 7.2 million.

That's the most jobs lost in any recession, as a percent of total employment, since World War II.

The figure for November was revised higher, however, to show a gain of 64,000 jobs. That was initially reported as a gain of 4,000.

Much of January's report offers hope that employers are starting to reverse course and may start adding jobs soon. Aside from November's gain, January's job losses were the smallest since the recession began and are down from the huge loss of 779,000 jobs in January 2009.

The manufacturing sector added jobs for the first time since January 2007. Its gain of 11,000 jobs was the most since April 2006.

Retailers added 42,100 jobs, the most since November 2007, before the recession began. Temporary help services gained 52,000 jobs, its fourth month of gains. That could signal future hiring, as employers usually hire temp workers before permanent ones.


The average work week increased to 33.3 hours, from 33.2. That indicates employers are increasing hours for their current workers, a step that usually precedes new hiring.

The number of part-time workers who want full-time work, but can't find it, fell by almost 1 million"

www.huffingtonpost.com


Like I said, any glimmer of a trend in a positive direction brings out the GNOP whiners and naysayers.

LMAO. Not me. I remember when libbies used to be so certain that Bush was lying about the numbers. But now jobs layoffs picks up by 20,000, on top of an 800,000 downward revision, and the unemployment rate miraculously DROP 0.3%, and Corky gets on the pompoms and kneepads.

Like I said, any glimmer of a trend in a positive direction brings out the GNOP whiners and naysayers.


#5 | Posted by Corky

Let us know when the glimmer is real, cheerleader.

-a glimmer of a trend in a positive direction

= pompoms and kneepads ???

Seriously, it's amazing how normally fairly rational people can become flaming morons when their ideology is challenged.

Bwhahaha. FF for #8!

Haiti Earthquake Revised Down to 8.6 Mag. Wounded, Homeless Feel Much Better About New Number

My ideology isn't challenged. If this job number were real, the yield curve would be flattening--that is, short-term yields would be selling off, and long-term would be rallying, pricing in higher rates.

But it's not. Seriously Corky: how can you lose 20,000 jobs, and have the unemployment rate drop by 0.3%? Can you explain that? Because I can. It means that hundreds of thousands of people have run out of unemployment benefits, and have dropped off the rolls. In your ideology, that's good news.

Exactly right. And Corky would have us celebrate the number and ignore those Americans totally fucked.

#11 | You can pettifog the numbers all you want, but this is a trend in a positive direction, in particular, all the items in post #4.


#10 | Posted by cookfish- Leaves record of never having posted a cogent, considered political thought in this forum in tact.

The Obama administration has already said that they expect the unemployment rate to hover around 10% for the better part of this year. They realize that when jobs start opening up, people who had given up on finding a job will start searching again which will in turn keep the rate up. These numbers are not anything to rejoice about just yet.


-a glimmer of a trend in a positive direction =
-Corky would have us celebrate the number ???


Seriously, it's amazing how normally fairly rational people can become flaming morons when their ideology is challenged.

Feels like deja vu all over again.


Oh, I forgot, posting the story and saying it is a "glimmer of a trend in a positive direction" is "celebrating the numbers".

Mo-rons. I'm surrounded by Mo-rons.

I'll bet the mortality rates would drop, too, if we stopped counting all the people who went to the morgues.

We should put the Labor Department in charge of all kinds of things. If they counted obese Americans, for example, but excluded everyone who hadn't lost weight in the last nine months, we'll have a skinny country again.


Yes, the way this Labor Dept treats numbers is SO different than the way the last admin did..... oh, wait....

There are differences, in the way downside revisions have been handled.

But fear not. Starting next month, Obama will be hiring 1,200,000 to count two households a week, as census workers. They'll be the most unproductive workers in history of government: Clinton managed to do the job with a fourth that number. But you'll see a big drop in the unemployment rate in for March and April, but Americans too smart to believe that you can lay off millions of people, hire them back at $12 an hour to go door-to-door with clipboards, and have the rate drop just in time for the November elections.

And if the job market is improving, why are states' unemployment funds running out? Why are sales taxes collapsing, causing more states to go broke?

Use your head for a change Corky, instead of your heart. Your slavish devotion to Obama is fascinating, but ask your friends. Ask your family. Ask the business owners you know, assuming you do. What do they think?

"Jobless Rate Down"


OBAMA'S FAULT!
Can you hear me?
~Twenty-Six Percent Loser League

Like I said, any glimmer of a trend in a positive direction brings out the GNOP whiners and naysayers.

The Obama administration has already said that they expect the unemployment rate to hover around 10% for the better part of this year. They realize that when jobs start opening up, people who had given up on finding a job will start searching again which will in turn keep the rate up. These numbers are not anything to rejoice about just yet.

#14 | Posted by taxman at 2010-02-05 09:47 AM

How does one know when to start rejoicing?

If people searching again artificially makes the number go higher like you say, and if people falling off of unemployment makes it artificially lower like others have pointed out, how do you know?

#20

Try reading #4 and tell me specifically how all those things are bad for the economy, RightisWhiner.

Does that include the 800,000 they misplaced?

#23

The positive notes in #4 are not "artificial".

It's a simple question: how can the economy lose 20,000 jobs in a month, on top of an 800,000 revision downward in the number of employed, and the unemployment rate go down?

Do you realize that the only way that's possible, is if you have hundreds of thousands of people running out of benefits? What explanation do you have? Add up all those good things in your HuffPo link, and you're still minus 20,000. 58,000 temporary workers hired, but with soaring productivity, means that they're not being added to permanent payrolls.

Hope I'm not going too fast for you.

The positive notes in #4 are not "artificial".

#26 | Posted by Corky at 2010-02-05 10:06 AM

I didn't say they were. I was responding to Taxman's post about the unemployment rate.

Dow Falls below 10,000

"I take it all back. The numbers don't lie, and Obama is a douche."

--Corc Sarvis

Hope I'm not going too fast for you. - says the turtle from the Comcast commercials.

We all understand that if Obama walked on water, you would, due to your fanatic ideology, say that it was because he couldn't swim.

The caveats you feature are in the article itself, which you would know had you taken the time to read it.

But, crackpot GNOP ideology and whining about the same numbers and methods that all economists use aside, the trend is a comparatively positive one.

#29

www.drudge.com

One of these days that 'GNOP' thing is going to get you a laugh, Cork. But not today. Again.

how can you lose 20,000 jobs, and have the unemployment rate drop by 0.3%?

I'm not saying this happened, but what if you added, say, 35,000 new jobs during the same period that 20,000 were cut?

#32 | Posted by cookfish- Only you would think that is an attempt at humor, Trouser Trout.

"what if you added, say, 35,000 new jobs during the same period that 20,000 were cut?"

In that case, the report would be that 15,000 were added.

Corky has a poll from a "couple of months ago" showing that 57% of America is happy with this unemployment figure. LOL.


Cookfish reverts to another old argument he lost since he has run out of inadvertently comedic arguments on this thread.

I'm still waiting for your current stock tips, Corky, based on your "updated" October information. LOL.

17.9% in Wisconsin and rising. I don't think you're bullshit is going to pass the smell test here, Cork.

I don't think you're bullshit is going to pass the smell test here, Cork.


Who could stand the horrible combined stench of failure, fear and ass?

"17.9% in Wisconsin and rising."

The state's seasonally adjusted unemployment rate stands at 8.7 percent compared with 5.9 percent a year ago.
www.wqow.com

(By the way, have you written George Bush yet to thank him presiding over the trainwreck Obama's trying to clean up? You can call it a "deflection" -- and you will; if not today, then another time -- but them's the facts.)

Who could stand the horrible combined stench of failure, fear and ass?
#40 | Posted by cookfish | Flag: Lonely And Looking For A Playmate

Sarvis, like Corky, won't acknowledge that those no longer collecting unemployment are unemployed. 17.9% includes those poor folks along with anyone 18 years and older. In other words dimbulb, a Colledge Graduate who hasn't found a job isn't counted either.

Obama's trying to clean up?

#41 | Posted by Doc_Sarvis at 2010-02-05 10:37 AM

He's doing a real bang up job so far.

Obama's trying to clean up?

#41 | Posted by Doc_Sarvis at 2010-02-05 10:37 AM

If he's cleaning up, he's got the hose on the vacumm hooked up wrong.

#39 Get a job.

#38 Deflecting to past lost arguments is bad form, Trouser Trout.

But I'll humor you a little. THE poll I quoted was the most recent national poll. Here is a very recent state poll, in independent Colorado, which shows the same 58 percent.

Hope you can go away happy now... or just go away.

First question:

Would you favor or oppose the national government offering everyone the choice of buying into a government administered health insurance plan something like the Medicare coverage that people 65 and older get that would compete with private health insurance plans?

The results: All-58 percent

coloradoindependent.com

It's a simple question: how can the economy lose 20,000 jobs in a month, on top of an 800,000 revision downward in the number of employed, and the unemployment rate go down? - RiR

Anyone? The number has become meaningless, and arbitrary. When people were not falling off the end of benefits the number had more meaning. I am not blaming anyone, just pointing out a fact. This number gives sheep a warm fuzzy. I noticed too that the U3 and U6 numbers have peaked too, well the seasonally adjusted numbers that is.
www.shadowstats.com

Yet, "the Non-Seasonally Adjusted number, hit a new recent record: instead of 9.7%, this number was 10.6%, a 0.9% increase from December!"
www.zerohedge.com

With the way the number is calculated, is it possible to have no one employed, and yet be at full employment? Only my future healthcare provider work solve that arithmetic.

With the way the number is calculated, is it possible to have no one employed, and yet be at full employment?
* * * *

Theoretically, yes. After nine months of collecting unemployment, you fall off the labor rolls entirely. If you give up looking for work and head back to school, you drop off also. And in the case of college graduates who can't find work, they're not considered part of the unemployed because of the duration that's passed since they were last employed.

So you could have millions of high school and college grads actively looking for work, millions more who are actively looking for work but whose retirement benefits have run out, and millions more who are discouraged and headed back to school and since they're looking for PT work, aren't counted as unemployed.

That's why the official rate is (now) 9.7%, but the U-3 number is north of 17%. And it's the 17 percenters who are giving incumbent politicians the headaches.

I imagine Corky is sitting in a bucket of ice right now.

Deflecting to past lost arguments is bad form,

good point. Perhaps idiots should stop reminding us with poll results that indicate that Americans supporte a public option and Obama and dems refused to give it to them, after making promises to deliver just that when campaigning.

deflecting to past lost arguments is something you have a doctorate in Corky.

But don't let me stand in your way.....carry on.

Corky an Doc, why don't you simply answer post number 27 by right is right with a meaningful and usefull post rather than partisan speak about how positive this is.

Answer the questions to the best of your knowledge, not
"well hey guys, there are less numbers there than there was before.. good stuff right... Yay Obama!!! Booo Bush!!"


I imagine Corky is sitting in a bucket of ice right now.

#49 | Posted by wisgod

Your concerns about my ass are touching, as always, but unnecessary.


These numbers have been calculated the same way since RisR was merely a gleam in G. Gordon Liddy's eyes.

[By the way, have you written George Bush yet to thank him presiding over the trainwreck] Obama's trying to clean up?
#41 | Posted by Doc_Sarvis
He's doing a real bang up job so far.
#44 | Posted by LIVE_OR_DIE

[By the way, have you written George Bush yet to thank him presiding over the trainwreck] Obama's trying to clean up?
#41 | Posted by Doc_Sarvis
If he's cleaning up, he's got the hose on the vacumm hooked up wrong.
#45 | Posted by wisgod

That one gets clueless GOPiggie Clown Car passengers every time it's wheeled out.

Yeah, bozos, he's trying to clean up the mess you Bush era trough muncher enablers really didn't complain about much until...Oops! T-t-trainwreck!

You folks are a hoot.

"won't acknowledge that those no longer collecting unemployment are unemployed"

Were you bitching about the way the figures are collected, calculated, and released during the Bush years? I'm just asking, because I seem to remember nothing but silence from you on this score.

In any event, where are you getting the 17.9% figure. I'm asking, because googling doesn't seem to turn it up.

#53
lmao... people who voted for GW, twice, whining about how long it takes to clean up his mess....

people who voted for GW, twice,

#55 | Posted by Corky at 2010-02-05 11:44 AM

I voted for W once. No need to start lying and assigning positions, now, is there?

#56 | My comment was to Doc at #53, at was noted.

Reading comprehension being a lost art, I suppose. Or is it just that you feel guilty?

#56 | My comment was to Doc at #53, at was noted.
#57 | Posted by Corky at 2010-02-05 12:03 PM
Yes, a comment directed at WisGod and myself, to which you replied "people who voted for GW, twice." Don't know about WisGod, but it's not true of myself.
Reading comprehension being a lost art, I suppose.
#57 | Posted by Corky at 2010-02-05 12:03 PM
How ironic.
Or is it just that you feel guilty?
#57 | Posted by Corky at 2010-02-05 12:03 PM
Actually yes, I'll always regret it, but you made the distinction.

-a comment directed at WisGod and myself,

A comment directed to Wissy and RisW.... sorry I didn't notice you... but prolly you are used to that by now.

Maybe if we lose a million jobs this month the rate will drop all the way down to 8%? Only in Liberal Economics can job losses continue but the rate decline. Of course we all know it's because there are so many simply quitting looking for work and taking extended government benefits. But by parsing the statistics, like Dorky loves to do, and taking the one tiny fraction that can look good when standing on it's own, they can make some sort of claim that Obama's plan is working. Dorky, please let us know, especially those additional 20,000 who lost their jobs, how good your boy is doing.

" Only in Liberal Economics can job losses continue but the rate decline. "

What bullshit. The same formulae are used by different administrations.

A comment directed to Wissy and RisW....

#59 | Posted by Corky at 2010-02-05 12:24 PM

Actually the comment you replied to, #53, was directed to Wis and myself, followed by your "people who voted for GW, twice." Reading comprehension being a lost art, I suppose.

Corky is getting his Vultures confused, who are picking apart the carcass he calls facts

-how good your boy is doing

He's 680,000 down from the 700,000 jobs lost a month your boy left us, Jimbo.

#53, was directed to Wis and myself

Well, I know you like to be included..... my previous long conversation with Wis and RisW and nada with you aside, you are welcome to be a Bush Mess Denier if you like.

Maybe Obama should hire 8 million people to conduct the census, and after the first week or so, they can just sit in a big room and count each other.

This was a lousy jobs number, not a good one. Economists were expecting a gain of 50 to 100,000. Then the private numbers came out yesterday, and everyone scrambled to revise them down. Even the factories number was much worse than expected--if manufacturing output was able to grow by nearly 9% in the last quarter in rebuilding lost inventories, without having to add payrolls, it means there's a lot more manufacturing slack in the existing workforce.

Two slight measures have been changed in the methodology since Obama took over, and I think--but I'm not sure--they were scheduled to, irrespective of who was president. But if you're in the markets you ignore the rate, and look at the jobs created/lost number. The rest just gets too fuzzy. The economy needs to be creating 150,000 just to stay at breakeven on the UE rate--clearly, we're not doing that, and that's why everyone knows the rate is bogus.

www.youtube.com
www.youtube.com

8% is looking pretty good now, doesn't it? Glad Dorky is happy about the current state of affair.

and nada with you
#65 | Posted by Corky at 2010-02-05 12:41 PM
Would've stayed that way had you not assigned a false position to me.
you are welcome to be a Bush Mess Denier if you like.
#65 | Posted by Corky at 2010-02-05 12:41 PM
No thanks, but I won't be surprised if you assign it to me anyway.

-"a glimmer of a trend in a positive direction" =
Dorky is happy about the current state of affair ???

Lying liars and their Bush Alzheimer's.

-assigned a false position to me.

Since I, like many others one supposes, hadn't noticed you on the thread and was commenting to Doc, I'll take that as you being overly sensitive, possibly unable to find the Midol this morning.

"Bush Alzheimer's"

sounds like a good name for a beer.

"sounds like a good name for a beer."

Drink a case.
Forget your name.

Is it just me, or has Corky completely shifted his arguement in the last hour and once again settled on it's Bush's fault? Considering the numbers just came out, it's amuzing to watch Cork run that far backwards when challenged.


Yeah, it's just you.

www.drudge.com

We are going to have a huge homeless problem if people keep losing their jobs.

it's amuzing to watch Cork run that far backwards when challenged.

#73 | Posted by wisgod at 2010-02-05 12:54 PM

Kind of like pretending to not notice who the comments he responds to are directed at when called on his bull shit.

Hell Corky, I apologize. I see you came right out of the chute blaming Bush after posting this fantastic news of the day. A toofer. Well done.

We are going to have a huge homeless problem if people keep losing their jobs.
#75 | Posted by jackass at 2010-02-05 12:59 PM

Less food in the dumpsters for you.

Corky, who do you think would have been a better president? Hillary or Obama?


Well, as most of you rwingutters have Bush Alzheimer's when it comes to the last 8 years and since Oily Taintz has proof that #43 never existed, I guess you could be right.

Well, as most of you rwingutters have Bush Alzheimer's when it comes to the last 8 years..
Posted by Corky

On this site? That's all you lefties have while ignoring the complete failure you folks elected alittle over a year ago.

-Corky, who do you think would have been a better president? Hillary or Obama?

Now there's someone who is really bored.

We have no way of knowing for sure, and never will.

US economic policy would have been little different whether MCCain or Obama or Hillary had won, Keynesian economics being the most accepted course these days.

Hil might not have been as patient and mild to the GNOP as Obama was with health care, but bailing us out of the Great Recession would have been little different, imnsho.

"The American unemployment rate dipped from 10 percent to 9.7 percent in January, the Labor Department reported Friday"

Really? Then explain this:

"The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%."
www.nasdaq.com

9.7% using a household survey? What happened to using REAL numbers?

Then there is the "White House Approved" revisions:

Original article:

"Job losses from Great Recession about to get worse"
"Job losses during the Great Recession have been huge and they're about to get bigger.
By CHRISTOPHER S. RUGABER
February 5, 2010"

And the revised article:

"January unemployment rate drops to 9.7 percent
By CHRISTOPHER S. RUGABER
February 5, 2010"

Does anyone believe the the state run media anymore?

"Why, yes we do"
--- The Left ---

And that is not even covering the other shit about jobs coming out from the Obama Administration.


Sorry, should have been, "The Great Bush Recession".

Not even Hillary could have been worse. Imagine that.


Not even Hillary could have been worse. Imagine that.

#85 | Posted by rightisright


You do laughable partisan spin really well, RisW. Is Glen Beck your guru?

Corky, you know damned well Hillary would be better. She knows how to balance a checkbook.


Hillary would have had about the same economic policy for recovery as Obama or McCain..... though she would likely have left heel prints on GNOP foreheads along the way.

Government has proven itself totally incapable of managing a market economy. The more the political class spends, taxes and regulates, the more jobs they destroy. They are facts that should be obvious by now to anybody but the most dense. It won't be much longer before we see sovereign defaults and public employee layoffs.

Ray when do you predict a complete breakdown in society? I look forward to when anarchy rules the land.

9.7% using a household survey? What happened to using REAL numbers?

Oh my, now this is interesting. During the Bush years, the household survey was the standard the right wing used. How things have changed.

Anyway, the press release from the BLS with tables, etc. is here.

Jackass

I have no idea as to when or how bad it will be, only that it will be considerably worse than the 30s. I don't foresee a total breakdown at this time. Government will have to shrink, but it will not disappear.

"Breaking: Unemployment at 9.7% New Counting Method Saved or Created 541,000 Jobs"

"It's an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment rate."

gatewaypundit.firstthings.com

Beirut Bonzo's record of 10.8% still stands as the record for post-depression America. Woo hoo!!

LETS get in the wayback machine and take a little trip

go back to the last decade when Unemployment was around 4 and retort libs were saying this

SSSHH''..........lets listen


THIS numbers NOT RIGHT...bush sucks

This number is E3 but if you look at E6 you will see the millions and millions of people who are not looking anymore...bush is stupid..

BUSH cant come out with this number..he is lying.,and stupid...


and NOW lets jump back to this morning with this news.


unemployment DOWN .3..

OH MY GOOOOOOOOOOOOOOOOOOOODDDDDD

barak hussein obama
bark hussein obama
he's superman
and he makes my dick hard
MMMMM MMMMMM MMMMMM

AFK,
That is why, under Bush, we often said to look at the stats on "first time filers" to show the real depth of the problem. Obama fails that test too.

and even though most of you here GOT WOOD for barry when you read this and have all sorts of feelings running up and down your legs.
but just moments ago..rick santeli said that the white house DOCTORED this number as they lowered the amount of available jobs to make this go down.
not sure how that works.,.,im just reporting it.

kanrei

BLOOD....every now and then you write something that makes me understand why you arent the worst sumbitch that ever posted here...lol
and I know thats an underhanded compliment but Im not in the mood for kum ba ya today...hee hee

besides...even you cant reach the pinnacle of 101 and celisary.

Kanrei is a middle of the road coward with few convictions.

Still waiting for the day Kreator has ANYTHING original or of value to add to a threat.

They guy is like the Retort's own parrot repeating whatever anyone else said that got a laugh.

a threat = a thread.

Jackass

I have no idea as to when or how bad it will be, only that it will be considerably worse than the 30s. I don't foresee a total breakdown at this time. Government will have to shrink, but it will not disappear.

#92 | Posted by Ray at 2010-02-05 01:49 PM

Ray I am starting to think you are on to something. I can see 30% or more unemployed if we keep this up. Money losing most of it's value. If 30% of the people start going hungry this country will turn on its head. Riots will happen for basic necessities.

Why are sales taxes collapsing, causing more states to go broke?


#20 | Posted by rightisright at 2010-02-05 10:02 AM | Reply | Flag

Look at the savings rate. People are not spending. That is why balancing a budget on something as unreliable as sales tax revenue is foolhardy.

That is why balancing a budget on something as unreliable as sales tax revenue is foolhardy.

no it isn't. smart states put funds aside during very good years instead of throwing money out the window for the hell of it for rainy days like now. and they are weathering this recession much better than other states.

lemme guess....you don't even like the idea of "balanced budgets" do you?

Ray I am starting to think you are on to something. I can see 30% or more unemployed if we keep this up. Money losing most of it's value. If 30% of the people start going hungry this country will turn on its head. Riots will happen for basic necessities

The real unemployment rate is over 20% now. One in nine are living on food stamps. About 10.5 million are receiving unemployment benefits. That will keep the people quiet until the money runs out. Then the riots - against the politicians. They are already prepared to quell riots against them.

you don't even like the idea of "balanced budgets" do you?

You are wrong once again.

You are bad at this.

Point one state out that put money away for rainy days.

All the states are in trouble, some worse than others.

Then the riots - against the politicians.

Yep and they will replace them with a another copy that will do the bidding of corporate america at the expense of the citizens.

Point one state out that put money away for rainy days.

Iowa

www.governor.iowa.gov


All the states are in trouble, some worse than others.

they are not all in trouble. things are harder, yes but it isn't the end of world. (well, maybe it is where you live)

www.stateline.org

it appears that 10 states have "rainy day" funds.

"Besides Maine, Alabama also agreed to empty its rainy day fund, which is designated for education, for the current fiscal year.

At least nine other states Georgia, Idaho, Iowa, Louisiana, Maryland, Massachusetts, Mississippi, Nebraska and Washington also tapped money from their funds as part of their current budgets. All told, these 11 states committed upwards of $1.5 billion from their rainy day funds for the 2010 budget cycle."

All these "unexpected" increases in jobless claims, and then this phony statistic. Job losses are UP. Unemployment in the private sector is WAY UP. The unemployed and underemployed that are no longer counted are WAY WAY UP. Only an idiot would believe these latest "figures".

Point one state out that put money away for rainy days.

All the states are in trouble, some worse than others.

#106 | Posted by 726 at 2010-02-05 04:29 PM

My state of Iowa had a rainy day fund, though I think the recession may have used a good chunk if not all of it up.

LoD

clink on the link in my #108. Iowa is doing okay.

From Eb's link:

DES MOINES Governor Chet Culver today released his Fiscal Year 2011 Budget recommendation. The Governor's $5.32 billion proposal spends less money than the budget at the time the Governor took office, and provides necessary resources to key priority areas education, health care, and public safety.
Holy shit what a concept!

Thanks Eb.

your welcome.

but, according to 726, balanced budgets relying on sales tax revenue is "foolhardy"

Yep and they will replace them with a another copy that will do the bidding of corporate america at the expense of the citizens.
#107 | Posted by 726

The citizens got exactly what they voted for ... good and hard.

...how can you lose 20,000 jobs, and have the unemployment rate drop by 0.3%? Can you explain that?
-- #11 | Posted by rightisright

On NPR this afternoon:

Why the contradiction? The two numbers come from different surveys.

The BLS gets the number of jobs by surveying employers, asking them how many people they have on payroll, while the actual unemployment numbers come from the household survey, which asks people whether they have jobs and are looking. www.npr.org

"...how can you lose 20,000 jobs, and have the unemployment rate drop by 0.3%? Can you explain that?"
-- #11 | Posted by rightisright

The same way we can have world temperatures rising so rapidly. You know what they say about figures not lying, right???

"As the recession gets longer, more and more unemployed people get disqualified from being included in the U-3 calculation -- through a separate telephone survey -- that produces that 10 per cent figure. That's because they stop looking for work.

So, the unemployment rate could actually im prove even as the job market gets worse.

The stat to watch is the U- 6 figure that mea sures underemployed peo ple, which last month was at 17.3 percent. That's where people formerly on the U-3 jobless list end up before they finally quit looking for work and disappear altogether. john.crudele@nypost.com "

www.nypost.com

Also...www.nypost.com


LMAO. Not me. I remember when libbies used to be so certain that Bush was lying about the numbers. But now jobs layoffs picks up by 20,000, on top of an 800,000 downward revision, and the unemployment rate miraculously DROP 0.3%, and Corky gets on the pompoms and kneepads.
#6 | Posted by rightisright at 2010-02-05 09:32 AM

I'm sorry, did his budget ever include the Middle East invasions? I thought not.

BushCo lie and that's the truth.

There are no jobs. We've got an increasing homeless families population who are not eligible for any benefits. If there are jobs, I'd like to know where.

The stat to watch is the U- 6 figure that mea sures underemployed peo ple, which last month was at 17.3 percent... -- #118 | Posted by jestgettinalong

17.3% was December's seasonally-adjusted rate. January's is 16.5. No seasonal adjustment: 17.1 in Dec, 18.0 in January.

You can get this by going to the BLS data servlet -- www.bls.gov -- and asking for U6.

The number of part-time workers who want full-time work, but can't find it, fell by almost 1 million"


www.huffingtonpost.com


#4 | Posted by Corky at 2010-02-05 09:28 AM | Reply | Flag:


That's some funny stuff!

What a dummy.

"Middle Class No More, Families Struggle to Fight off Homelessness"
"A unique feature of this recession is how damaging it has been to the nation's middle class, driving its members further and further away from the American Dream and, in some cases, directly into poverty.

President Obama, in his remarks to Senate Democrats on Wednesday, pointed out that the middle class was hurting even before the recession. "Part of the reason people are feeling anxious right now, it's not just because of this current crisis -- they've been going through this for 10 years."

www.huffingtonpost.com

That's right, it's Bush's fault!!!

Real wages fell all throughout Bush's Presidency. Millions and millions of jobs were lost, as opposed to the 21,000,000 good paying jobs created by his predecessor, Bill Clinton.

Ok, so is this positive or negative?

Oh Bullshit The employment numbers are better!!! They are hiring government temporary census workers and people have totally fallen off the rolls.

Statistics can be manipulated and statistics help liars lie.

The unemployment rate is, in reality, closer to 17%, 25% among youth between 18-30 and then look at the inner cities of Democrat run machines. . .

The only hires are government employees, parasites all on the private sector which is shrinking daily.

New hires in the manufacturing sector rose more than than the past 3 years combined. Census workers? Na.

Like I said, any glimmer of a trend in a positive direction brings out the GNOP whiners and naysayers.
#22 | POSTED BY CORKY

I am not a GNOP naysayer and the figures are false. The accounting methodology to determine the unemployment rate makes no sense at all. The real unemployment rate is MUCH higher. The methodology used here counts only people that are looking and not those that fall off the roles or stop looking for whatever reason.

Bloomberg: 824,000 jobs to disappear [yesterday]

corky you have to be the only one who believe's the huffington post, what a rag paper!

Peter Shiff explains "More Government Equals Fewer Jobs."
www.financialsense.com

As I keep reminding the dupes on DR, government is not the solution; it is the problem. These people are screwing you in every orifice and you keep begging for more.

Ray if not the govt who will give me the entitlements I crave?

it's funny watching the press continue to polish this turd for obama


it's funny watching the press continue to polish this turd for obama

#132 | Posted by Maverick at 2010-02-06 09:44 AM


Not as funny as watching them cheerlead for Duhhbya's War For Profit.

#130 "government is not the solution, it is the problem"
Quoted from the Corporatist Manifesto.
Care to explain why our system of government has been a source of hope and inspiration to the rest of the world for over two centuries?

Ray if not the govt who will give me the entitlements I crave?
#131 | POSTED BY JACKASS

Try suicide. You deserve it.

"government is not the solution, it is the problem"

Ray has it ass-backwards as usual.

The government has a mandate to serve the people's will and to plan and execute strategy that guarantees a stable and, hopefully, prosperous future.

Corporations have charters that call fer maximizing the bottom line by any means they think they can get away with.

It is only through addressing concerns to the government that anything positive gets done in terms of the social contract.

The more the electoral process depends on big-monied interests the worse government is gonna get.

Get Corporate Cash outta the electoral process and yer half way home.

Fail to reform that and almost nothing else positive can occur.

That's teh sit-rep.

Be Well.

/Outtie fer the weekend
stage left.

Care to explain why our system of government has been a source of hope and inspiration to the rest of the world for over two centuries?
#134 | POSTED BY IGMORAMUS

The current state of government reflects the opposite of those ideals. Nothing lasts forever.

If you are not part of the solution you are part of the precipitate.

(That's a chemistry joke.)

It's always funny when I run across someone so pathetically fucking stupid that they would use the internet to claim government is the problem.

Tell ya what Ray, move to Somalia and see how well that works out.

3/5/2009 Here's what nancy said.......

Pelosi Hits Back
The House speaker discusses the stimulus battle, prosecuting top level Bush officals and the limits of bipartisanship

www.rollingstone.com

We know from economists across the spectrum that it will work to stop the downward spiral we are in, because it focuses on job creation. At $800 billion, I feel confident about the bang for the buck we'll get.....What we don't know what is uncharted is how deep this downturn in the economy could become.


What if it turns out to be deeper than expected? What will you say to the American people a year from now, which is the timeline the Obama administration has put forward for achieving results, if we're still in a world of hurt?


We will be accountable. We will answer for this legislation one year from now, about what worked best and where more needs to be done. We won't say, "Well, that's just the economy's fault." No, we will be accountable for the decisions that we make.

So one year later, when nancy said she'd be accountable for the 'shovel ready stimulus'.....she chooses to forget her accountability.

Goldman sachs is predicting 11% UNEMPLOYMENT

Perhaps if the demoRATS had not squandered a whole year on redefining American health care and instead had focused on jobs, perhaps things would be better.

No, they raised gov budgets AGAIN, instead of cutting. Making us ALL more victims of a run away gov black hole of investment dollars. When the gov takes it, there is less to spend. And they are TAKING IT!

Ray has it ass-backwards as usual.

Spud confuses cause and effect as usual. It is the people who elect the politicians to office who live off the corporate teat. Why? Because the people are just as corrupt in believing they can vote themselves government benefits. The criminal nature of government reflects the moral degradation of the whole of American society.

Get Corporate Cash outta the electoral process and yer half way home.

I continue to be amazed by how many dupes hold politicians and voters (themselves) as innocent victims. As I've been saying for years, the more government does, the worse they will make this depression.

If there are jobs, I'd like to know where.

#119 | Posted by redlightrobot at 2010-02-05 06:20 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e


easy

TEXAS...
57% of all jobs created last year were in the lone star state...yesterday on beck he spent the whole hour comparing states. as in who was going bankrupt
one guest in summation stated one reason why texas can say this with a six billion rainy day fund..

REPUBLICANS running the show
AND a part time legislature...the texas constitution states that they meet every other year because to do otherwise is considered a 'threat to liberty'..
and in this case, the constitution is right

FORGOT...guest said that texas should be the model the country uses ..
the two things I mentioned above as well as a "BUDGET BALANCED AMENDMENT"

its long past time that we can trust any party in washington to do this on thier own!

It's always funny when I run across someone so pathetically fucking stupid that they would use the internet to claim government is the problem.
Tell ya what Ray, move to Somalia and see how well that works out.
#138 | POSTED BY ZATOICHI

Yeah. Sure. That was really deep. That's about the level you understand the nature of the crises this country is in.
I would expect nothing less from a government parasite who lives off the private economy.

If you are not part of the solution you are part of the precipitate.

(That's a chemistry joke.)
#138 | Posted by Zatoichi

I do actually get it :)

no offense, but . . . it's also curious to me that alot of folks who are very well educated in a particular field actually have a type of "tunnel vision" combined with their faux sense of superiority that makes them basicly dis-functional understanding every-day life situations

"basicly(sic) dis-functional"

Irony flag.

stuart varney on fox business said that when bush tax cuts expire, its wrong to believe only rich fat cats will have taxes go up.
according to him,.,.TWO THIRDS of SMALL businesses will be affected...and thus giving ALL of us higher costs and some will be let go...

basicly(sic) dis-functional"
Irony flag.
#147 | Posted by Zatoichi - FLAG; illegal shift . . 5 yards
umm, irony would be that Al-Gore didn't have an event scheduled in D.C. this weekend

ps - just sayin', our SUN also has storms & climate change

Try suicide. You deserve it.

#135 | Posted by Ray at 2010-02-06 11:11 AM

Ray you Asshole I have earned my entitlements. I earn them with every post I make here educating the masses on the benefits of liberalism.

As I keep reminding the dupes on DR, government is not the solution; it is the problem. These people are screwing you in every orifice and you keep begging for more.

#130 | POSTED BY RAY

Government is a necessity not a problem. No government = anarchy.

Too big a government/programs is the problem.

Too big a government/programs is the problem.

Agree. I'm talking about the nature of our current system.

Ray you Asshole I have earned my entitlements. I earn them with every post I make here educating the masses on the benefits of liberalism.
#150 | POSTED BY JACKASS

Yeah sure. Liberalism beats working for a living. Fuck the people who do productive work.

As Corky's headline says, America lost 20,000 jobs while the unemployment rate went DOWN from 10% to 9.7%. The more jobs we lose, the more the unemployment rate goes down. Do miracles ever cease?

RAY

Those were new unemployment claims. Figures on laid off workers called back to work probably account for the dip.

Let me see if I understand the health-care debate that the left is pushing...

1) Health care is a RIGHT!!!!!!!
2) You shouldn't have to pay anything, ever, period.
3) You should get all the drugs, all the care, all the tests that can be performed now, or that will ever be developed in the future when ever you want it.

???????????

So, how do you pay for this? Are we going to cut other spending? Maybe some of the social safety net? Of course not... can't touch welfare. I know, we could always disband the military... not like we have anyone out there that doesn't like us. Oh, I know... we can take all the money that those evil people who work for a living actually make... not like they deserve any of the money they earn. And if that doesn't work, we can just take ownership of all the businesses that hire them. Oh, better yet... we could just put all the doctors and nurses in chains and make them work for free. Course, then we would have to implement some type of draft to replinsh the supply when they either escape or die... damn... so many problems...

Those were new unemployment claims. Figures on laid off workers called back to work probably account for the dip.
#155 | POSTED BY AMERICANUNITY

That's not what the WSJ article says.

"But a different survey in the Labor Department's report found that the economy lost 20,000 net jobs during the month, muddying the picture and underscoring the formidable struggles still confronting millions of Americans"

It's actually up if we can trust shadowstats ... This is going to get a lot, lot worse later in the year and all through 2011 when the adjustable rate mortgages are beginning to reset across the board and we'll see government debt default (by the way, not for the first time in US history). Who's then going to finance the soup kitchens?

The worse the job market gets, the bigger the lies. This table from bls.gov shows they added 427,000 imaginary jobs to make the unemployment rate appear to go down. www.bls.gov

"according to him,.,.TWO THIRDS of SMALL businesses will be affected..."

They can always buy new equipment or hire new workers and avoid any increase in tax. Just the way we built our economy in the first place. But hey, those who ignore history are incapable of repeating it.
Gloom and doom has replaced patriotism as the favorite chant from the right. Recovery would disappoint them so badly.

Quite an interesting graphical visualization map of unemployment..
cohort11.americanobserver.net

Notice the area around Washington DC, unemployment is nothing like the rest of the country.

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