Disaster Continues… Obama Economy Loses More Jobs
Posted by Jim Hoft on Thursday, April 8, 2010, 5:49 AM
It’s the Economy Stupid…
The number of initial jobless claims rose “unexpectedly” again this week.
The AP reported, via Drudge:
The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.
The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according to a survey by Thomson Reuters.
The report covers the week that includes the Easter holiday, and a Labor Department analyst said seasonal adjustment for Easter can be difficult since the holiday occurs in different weeks each year.
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Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 86 Comments
Militant Conservative commented:
Also as reported in the LSM. This loss was “unexpected”. HUH??? are you guys smoking crack or just in the tank for the regime. OH, right.
Hunker down folks gonna be a rough ride. powder is dry.
Valerie commented:
Nahh,
Congress is considering extending unemployment benefits, and so the longer-term unemployed filed a few more applications.
Liar Thiefson commented:
I have the solution. Raise taxes!!
Sandy commented:
I see that Obama’s Peace overtures towards Iran have met with derision from the Iranian Leader who vows to attack the US if they are attacked by Israel? Sometimes a guy can’t catch a break.
However Unemployment is up which means more Americans will be dependent on him so all is not lost.
Sandy commented:
This is a great time to institute the VAT tax. Taxing people another 20% when so many are out of work will turn the tide you betcha. The Dem Party should change its name to The Destruction Party and have a bulldozer as their logo.
bill-tb commented:
Will there be anything left of our free market economy by the time the November firemen arrive?
Kevin P commented:
He does kind of look like E.T. What??? I’m just sayin…
Kevin P commented:
Sandy #6 – You’re right on with the name change – but there should be an ass driving the bulldozer.
Sandy commented:
Those nasty corporations who hire people and pay wages which allow Americans to have their piece of the American Dream. They are the problem hah. Lets have everyone on Unemployment and give them enough to subsist but not enough to thrive. Then they will have to be good little Obama supporters in order to feed their children.
Sandy commented:
Kevin P — lololol
NDHamby commented:
Every time I see O smile I get angry. Every day he does something else destructive, and its nothing to smile about.
The man is dangerous and I fear this country will never be the same. Bush was bad enough but this is maddening. Our grand children and great grandchildren will never know the America we knew.
Andreas K. commented:
Socialism. Making the rich poor and keeping the poor poor since 1848
Peter Warner commented:
The Associated Press is twisting themselves into wild contortions to keep pushing the ‘ongoing recovery’ theme. Their choice of words is becoming predictable, and predictably absurd.
The main-stream media is simply pathetic. What is the cost of having a free press that has abdicated its responsibility?
Best regards, Peter Warner.
Kevin P commented:
Is it November yet?
Chisum commented:
Video: Rush Limbaugh caller’s awesome call to action, “They’re coming after my way of life”
http://theblogprof.blogspot.com/2010/04/video-rush-limbaugh-callers-awesome.html
Kevin P commented:
Peter Warner #14 – I know…
Contortionists extraordinaire…
When an economy loses 8 million jobs one year – then in the first quarter of the next year “only” loses 460,000 – they report this as a recovering economy. Simply because the number of new jobless are lower…
Wait – it couldn’t be that there are fewer WORKING people that can actually be fired, could it?
That would only be the case if a Republican was POTUS.
olm commented:
At some point there won’t be any workers left to lose their jobs.
Man! Then the economy will really be recovering.
sliderblaze commented:
funny thing about that habitual use of “unexpectedly” confirms that the libs dont know what they are doing or talking about cus if they did, it would be… if something happens that you didnt think would happen, thats unexpectedly…. which means you were WRONG!!! Which confirms that what you are doing is the wrong thing… again, too stupid to know they’re stupid.
Chisum commented:
I want to know where the MSM is reporting on all those homeless people living in tents, sleeping under bridges, in their cars?
Remember when unemployment was 5%? We had wall to wall coverage of homeless, hungry children.
Did all of these people suddenly find homes, food, jobs?
Kevin P commented:
Sliderblaze #19 ‘Nuff said!
Militant Conservative commented:
Chisum
April 8th, 2010 | 9:44 am | #16
Heard this live via the “Ditto cam” yesterday. THIS is what is going to come for the Democrat party. Millions of sleeping patriots that love thier country. I have been the “go to” guy for decades in my company. Tell how ong people were asleep? Now they can’t believe what is happening and with such speed. Remember the analogy of the frog in warm water. We’re not cooked yet nor are we frogs. (lil swipe at the french).
Steve commented:
Hope and Change!
When the Democrats took over Congress in Jan 2007 the Unemployment Rate was 4.4%. We’ve covered this several times on Common Cents…
http://www.commoncts.blogspot.com
Jeremiah commented:
Would you guys give this up? The party of the rich doesn’t follow economics or trade the market?
It’s a v-shaped recovery and we’re sharply accelerating out of the malaise. We put our money on tying zero to the economy and we’re going to look like fools.
Don’t bet against the American economy, ever. All recessions end within 30 months unless there is egregious policy put into place. Zero hasn’t gotten anything done so he will not be able to tank us into a double dip.
You think it’s better to be lucky than good? Zero had bailouts in place and a bank crises he is responsible for as much as any human on earth, and all he’ll ever get is credit for fixing the “worst” economy since the depression. Reagan’s was far worse with high inflation and unemployment, and he actually changed the course of the economy, but zero has fallen into a situation where he will claim all the glory and have done little. A lot of the recession was behind us by the time he took office (time wise).
I’m just saying we need to prepare for the reality of what is happening.
sliderblaze commented:
Jeremiah, fundmtl disconnect of reality. half of all commercial real estate underwater…. construction unemployment at 27.1%…. talkn of raising taxes across the board, not to mention the bush tax cuts to expire…. record spending with record loss of revenue…. we are out of money and still spending… triple AAA rating in jeopardy. so, what part missed you?
Robert commented:
What about the homeless we were constantly told about
when Bush was president? They’re gone. It’s a miracle!
Haven’t heard a word about ‘em in months, from
the liberal media that loves to trumpet such things.
When Bush was in office.
Bdaman commented:
Check this out Mr. Hoft.
http://community.seattletimes.nwsource.com/archive/?date=19920213&slug=1475488
http://rense.gsradio.net:8080/rense/special/rense_T_Fife_031009.mp3
http://www.wnd.com/index.php?pageId=88439
http://keywiki.org/index.php/Barack_Obama
Chisum commented:
Militant Conservative,
I particularly liked the comparison between the caller and Obama. Not one um, err, etc. from her.
And no doublespeak. Refreshing.
Chisum commented:
Robert @ #26.
It’s a freakin’ miracle!
Welcome to the Age of Obama!
Believe!
drjohn commented:
Democrats are opposed to general tax cuts yet have no problem creating gigantic deficits.
Makes no sense.
Robert commented:
Chisum #29
I hope!
I change!
And now I would like to break a worlwide exclusive.
An invisibility formula has been developed.
It has apparently been given to
Republican senators and congressmen.
That is all.
firewifem commented:
Thanks Chism for the Rush link. Just watched it. Exemplifies why BO keeps getting referred to as Chairman Zero. What a fool. I pray the fool is overcome by the rest of us (like the woman who called into Rush’s show) in November. Don’t lose heart.
bg commented:
++
Joblessness: The Kids Are Not Alright
[Unemployment today doesn't look like any unemployment in the recent American experience. We have the astonishing and dispiriting new reality that the "long-term jobless"—people out of work more than six months (27 weeks)—was about 44% of all people unemployed in February. A year ago that number was 24.6%.
This is not normal joblessness. As The Wall Street Journal reported in January, even when the recovery comes, some jobs will never return.
But the aspect of this mess I find more disturbing is the numbers around what economists call "youth unemployment." The U.S. unemployment rate for workers under 25 years old is about 20%.
"Youth unemployment" isn't just a descriptor used by the Bureau of Labor Statistics. It's virtually an entire field of study in the economics profession. That's because in Europe, "youth unemployment" has become part of the permanent landscape, something that somehow never goes away.]
Is the U.S. there yet?
Video
Joblessness: The Kids Are Not Alright
Is ObamaCare Unconstitutional?
A Disappointing ‘Race to the Top’ at U.S. Schools
and more..
Podcast
go here, click on Daniel Henninger: Joblessness: The
Kids Are Not Alright – WSJ.com to view entire article..
ht Valerie #45 in a previous thread..
War on internships
[It is just a bit strange that companies would be, on the one hand, attacked for not providing enough in wages and, on the other, required to not provide any wages. Again, this only makes sense in light of the interests of labor unions to restrict the supply of labor. In other words, all of these rules seem to be constructed to prohibit internships altogether.
So are most existing internships technically illegal? They very well could be.
Who loses if this crackdown succeeds? The same groups that are winning under the present increase in internships: young people and their employers and would-be employers. There can be no other way that this plays itself out. This is the state mowing down the grass that is growing in the cracks of its sidewalks and then spraying Roundup to prevent any more from growing.
It's a heck of a time to be doing this too: just as young people are having more trouble than ever in getting a foothold in the workplace.]
some talented person/s need/s to
do a rewrite of the following song..
i see Hussein laughing with delight the day the US dies..
==
Chisum commented:
Firewifem,
You are most welcome.
Your husband is a firefighter? Please thank him for me for his service. And you. My son-in-law is an EMT with the Las Cruces Fire Dept. He is all about service to others. We are very proud of him. I am well aware of the sacrifices that he and his family make every day.
How can I lose heart when we have such fine people in the military, fire department, police department, etc. protecting us?
bg commented:
++
sliderblaze @ 9:57 am #19
i must respectfully disagree..
“unexpectedly” in polib speak means “as planned”..
==
Crush Liberalism commented:
The most anti-business, pro-tax, anti-capitalism regime in history is crippling the free market…and the left and the MSM (pardon the redundancy) actually expect economic and employment recovery?
“Hmmm, that’s odd! Businesses’ taxes just went through the roof, so they’re not hiring and are laying people off! Who knew?”
bg commented:
++
ps re: bg #34
like i’ve been saying all along, youth unemployment has been part of
the plan all along, that’s from whence Obama et al are going to recruit
& indoctrinate the masses needed to form his civilian national security force..
==
wth commented:
Where’s Sheriff Joe and his stimulus posse?
Bunkerville commented:
If you think we have it bad..British Jobs? All since 1997 have gone to a Foreigner.THE SECRET PLAN
Arguably, the most damaging charge of them all. New Labour’s election manifestos made little or no mention of immigration policy.
But according to a draft report by the Cabinet Office, written in 2000, ministers had a secret plan to ‘maximise the contribution’ of migrants to the Government’s ’social objectives’. http://bunkerville.wordpress.com/2010/04/08/british-jobs-all-since-1997-have-gone-to-a-foreigner/
Militant Conservative commented:
Jeremiah
April 8th, 2010 | 10:10 am | #24
Not much experiance in the real world of capitalism I see. Gotta be young, I remember carter doing much the same. Barry is doing it BIGGER AND FASTER than Jimmy. The Finacial/Political/Economic world is a very real cause and effect via what the political regime does. We have not recovered we are tetering on the edge of a knife being propped up by a tarp/stimulus bill that WILL run out. Then what????????
Chisum commented:
Morris predicts GOP win BOTH House and Senate on 2012
http://thehill.com/opinion/columnists/dick-morris/90873-gop-will-win-house-senate
anon commented:
LOL Loved how when it was reported that something to the tune of 160,000 jobs were created in March, apparently the largest growth in 3 years, the liberal media fawned over the news. There was a huge banner on HuffPo. The banner was taken down when about the news came that tens of thousands of jobs were unexpectedly lost in March. Now this, in April. Oops. Sorry HuffPo, YOUR “economics” (read: ideology) has failed once again.
Sojourner commented:
… ah come on guys.. it’s tough getting it right. I mean, with Easter and all… we’ve never had Easter before. Get with the program!
avery commented:
Sandy no#6 right on target.
Bob Grant commented:
How come bad news is always “unexpected” with this administration?
The Obama administration has all the forward vision as the lookouts on the Titanic.
firewifem commented:
@Chisum, thanks. I’ll pass along your thanks to my husband. It is a sacrifice sometimes, but I knew it going in. There are pluses too; there are days when the kids get to eat breakfast, lunch, and dinner with dad, and he gets to go on more field trips than me.
As do most conservatives, we believe in service to others, in our jobs and out.
Good evening to you!!
Chisum commented:
Fox News Poll: Health Care and the Midterm Elections
Fox News poll finds Obama’s overall job approval rating dropped to a new low of 43 percent — and finds by a 54 to 39 percent margin, American voters oppose the new health care law.
http://www.foxnews.com/politics/2010/04/08/fox-news-poll-health-care-midterm-elections/
Hedgehog commented:
Everything is going according to the Plan.
bg commented:
++
Bdaman @ 10:19 am #27
oh i believe..
after all the research i’ve done for the past several years, the one rock solid conclusion i can come to is that Obama was Selected to transition
US into the new world order.. a world order that is not only based on Communism per se, but Islamism.. Marxism & Islamism are joined at the hip so to speak, Communism or Marxism, Stalinism, Leninism, Maoism, etc.. are forms of Utopianism by any other name.. and we are all swiftly approaching the era of Obamanism aka: IslaMarxism with Obama aka: ONE KAMPF aka: Modern Islamo Nazism..
==
aprilnovember811 commented:
MAKE THIS FRAUD PRODUCE HIS PAPERS! HE SHOULDN’T BE ALLOWED TO CONTINUE TO DAMAGE OUR COUNTRY, HE’S A FOREIGNER!