primitives expect bad news Friday

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7839862

Oh my.

The Northerner (390 posts)      Thu Mar-04-10 02:13 AM
Original message
 
Blizzard of bad jobs news to hit Friday

The White House is bracing for an ugly unemployment report on Friday that is expected to be worse because of the three winter storms that hit the East Coast last month.

Goldman Sachs predicted the economy will lose as many as 100,000 jobs in February due to blizzard-like conditions that kept employers and prospective hires from getting to the office.

That could bump the 9.7 percent unemployment rate closer to 10, dealing a blow to Democrats hoping for a steady economic recovery in the months leading up to November’s midterm elections.

Economic officials on Monday were already spinning expectations for the report, saying it would be important to look past February’s figures to the “underlying trends,” according to White House economic adviser Larry Summers.

“The blizzards that affected much of the country during the last month are likely to distort the statistics,” Summers told CNBC.

Weekly figures suggest job losses are continuing. Unemployment claims jumped up 22,000, to 496,000 for the week of Feb. 20, and the four-week average of claims also rose by 6,000.

Read more: http://thehill.com/homenews/administration/84623-blizza...

upi402 (1000+ posts)        Thu Mar-04-10 02:30 AM
Response to Original message
 
1. Summers, the 'S' in BS

The weather in the west was moderate, no snow in the northwest. Is the east coast the entire nation now? And the northwest had all time record snow last year. It was not mentioned in terms of recession. And the NW is where Boeing, Paccar, Microsoft, Nintendo, -much of the faint embers of our manufacturing for export remains there.

It's BS to pin bad economy on our not spending due to weather, or whatever.
WE DON'T MAKE SHIT TO SELL TO OTHER COUNTRIES ANYMORE (and we've figured it out already)

Banks wont lend because they know we wont be replacing all those lost jobs for half a generation, if ever.

TheWatcher (1000+ posts)        Thu Mar-04-10 02:36 AM
Response to Original message

2. Wait, weren't we told this morning that the Economy was doing better DESPITE the Snow

http://www.reuters.com/article/idUSTRE6224G620100303

We TRULY live under Soviet Level Propaganda these days.

And for the most part, The Public, and many people on DU even, can't get enough of it.

The "Iron Curtain" has become "The Ignorant Curtain".

blue neen  (1000+ posts)      Thu Mar-04-10 05:20 AM
Response to Original message
 
4. Your daily positive post.

Yeah.

I thought il Duce Bo was going to have this all taken care of, by 11:01 a.m. January 20, 2009.

The primitives promised us he would.

One wonders what's up with that.

TheWatcher (1000+ posts)        Thu Mar-04-10 06:02 AM
Response to Reply #4
 
6. Don't worry about it. Just turn on CNBC and BELIEVE. Or just pretend it doesn't exist.

It's worked out pretty well so far.

for the past 11 months at least.

Don't worry, they'll just bail out everything like they always do, and the Cocoon of Magical Rose-Colored Wonder will be kept intact for another few months or so.

By the time they are done constructing this Truman Show Of Bullshit, The Recovery will be so awesomely strong, none of us will ever have to work again anyway, so jobs will be pointless.

We'll just put an audio copy of "The Secret" in our iPods, a 24 hour feed of American Idol in the DVR, click away on Amazon.com and buy shit all day with Infinite Fiat from Helo Ben's Helicopters and Endless Electronic Debt created out of thin air, and we'll just sit back and "Recover."

I'm thinking about getting a neural implant with my Capital One Platinum Card at only 60000% Interest, so I can be permanently hooked in to XBox Live, so me and Shia LaBouf can get our fake war on in MW2, and pretend we're winning the War On Terror.

Hey, it will be just about as real as the one on the outside world.

It's going to be EPIC.

You'll see.

HughBeaumont  (1000+ posts)        Thu Mar-04-10 05:34 AM
Response to Original message
 
5. "They tell us we must learn to live with less, "
 
and teach our children that their lives will be less full and prosperous than ours have been; that the America of the coming years will be a place where — because of our past excesses — it will be impossible to dream and make those dreams come true. I don't believe that. And, I don't believe you do either.

That is why I am seeking the presidency. I cannot and will not stand by and see this great country destroy itself. Our leaders attempt to blame their failures on circumstances beyond their control, on false estimates by unknown, unidentifiable experts who rewrite modern history in an attempt to convince us our high standard of living, the result of thrift and hard work, is somehow selfish extravagance which we must renounce as we join in sharing scarcity.

I don't agree that our nation must resign itself to inevitable decline, yielding its proud position to other hands. I am totally unwilling to see this country fail in its obligation to itself and to the other free peoples of the world."
 
after which a stupid photograph of the late Ronald Reagan

[Karin]

Ward's post is meant to be snarky?  Funny, I didn't find it to be in any way ridiculous, I think it was right on target.  Still is. 

BTW, I notice they refer to president Reagan as "Raygun."  I'm sure this is meant to be an insult, but it doesn't look like one at all.  It reminds me of a nickname one might receive from one's fraternity brothers, and a real compliment to boot. 

[USA4ME]

"They tell us we must learn to live with less, and teach our children that their lives will be less full and prosperous than ours have been; that the America of the coming years will be a place where — because of our past excesses — it will be impossible to dream and make those dreams come true. I don't believe that. And, I don't believe you do either.

That is why I am seeking the presidency. I cannot and will not stand by and see this great country destroy itself. Our leaders attempt to blame their failures on circumstances beyond their control, on false estimates by unknown, unidentifiable experts who rewrite modern history in an attempt to convince us our high standard of living, the result of thrift and hard work, is somehow selfish extravagance which we must renounce as we join in sharing scarcity.

I don't agree that our nation must resign itself to inevitable decline, yielding its proud position to other hands. I am totally unwilling to see this country fail in its obligation to itself and to the other free peoples of the world."

And Reagan was right, it's people working hard to provide the best life for themselves that has made America great, and that sense of accomplishment does radiate to others around us and encourages them to do the same.  For the years he was in office, and for 20 afterwards, things were humming along quite well.

Instead, this is what the idiot HughBeaumont primitive fell for:

"I think when you spread the wealth around (via redistribution through taxes) it's good for everybody."

.

[franksolich]

Instead, this is what the idiot HughBeaumont primitive fell for:

Well, good, then.

I think I'll quit working and wait for the government to redistribute some of the Ozzie Nelson primitive's income to me.

[Lord Undies]

I think the first way "Ronald Raygun-Zap" came into popular culture was via the Woodstock soundtrack.

What is it with the Little Goons' utter fixation on "American Idol"?  Is it more popular than socialism or something?

[The Village Idiot]

The main economic problem with "spreading the wealth around" is that huge gobs of it goes to administrative costs. This means when you spread $100 around you actually end up with $50 out there in the economy, in the hands of people who will just spend it and not invest it. $100 invested is a lot more than $50 in the hands of some mindless consumer.

[DumbAss Tanker]

TheWatcher (1000+ posts)        Thu Mar-04-10 02:36 AM
Response to Original message

...

We TRULY live under Soviet Level Propaganda these days.

And for the most part, The Public, and many people on DU even, can't get enough of it.

The "Iron Curtain" has become "The Ignorant Curtain".

And yet you idiots can't seem to make that same connection when it comes to the Left's stranglehold on the MSM's political news, the Queen of Lies.  Interesting.

[jukin]

Obama has been like a laser focusing on jobs...so it has to be something or someone else that is screwing the pooch on employment.

1. Anyone with any business sense knew that Obama with Pelosi were going to ruin the economy. 

2. Obama with Pelosi have exactly ZERO hours of experience in running a company.

3. Obama with Pelosi have sucked all the capital out of our economy for feeding the government.

4. Obama with Pelosi have tases and regulations as far as the eye can see...to help business.

At the time Reagan said it best: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

Obama with Pelosi would say: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving nationalize it.

[The Village Idiot]

I guess it won't be "unexpected" like its been for the past 40 weeks.

[delilahmused]

Well, at least it wasn't Bush's fault this time.

Cindie

[BlueStateSaint]

Well, at least it wasn't Bush's fault this time.

Cindie

Cindie, they will find a way to blame it on him.

[The Village Idiot]

Cindie, they will find a way to blame it on him.

The snowstorms wouldn't have happened without the Bush-caused global warming

[miskie]

The snowstorms wouldn't have happened without the Bush-caused global warming

There it is -- this is how it will be Bush's Fault..