Replies

New topic, new crisis: GOP are creating economic disaster by refusing to extend unemployment benefits.

With all the great economic news last week I cannot understand why the EMERGENCY ONE-TIME unemployment funds need to be reauthorized. Do you realize that for the full five years we have suffered under pharaoh obozo, America has had to offer emergency unemployment to the millions who lost their jobs?

Why is the FED still pumping $85 BILLION a month into the stock market if unemployment news is so great?

Seriously, the propagandists in the WH need to get their story straight and make sure their stenographers in the press report appropriately - no need to be a rocket scientist to see that these stories are a fiction produced by obozo and pResident ValJar.

Several threads pointed out that we have had 60 months (5 years) of unemployment at 7% or more.

Several millions have completely dropped out of the workforce in the last 5 years or that rate would be several points higher.

Amazingly, the MSM allows Obama to campaign against the economy of his own creation.

Ironically, its to our political benefit to keep extending unemployment benefits since these people continue to be counted as “looking for work”. So if we don’t vote to keep funding people who can’t get a job forever it hurts us politically.

Here’s the real problem in computing the unemployment stats as stated by steve Moore.
its here:

http://hereandnow.wbur.org/2013/10/14/missing-workers-report

“HOBSON: So what does the reports say? What would the unemployment rate be if we were counting all of these missing workers?

MOORE: Well, it would be incredibly high. It would be 10 percent. Right now, as you said, it’s around 7.3 percent. And the Federal Reserve expects it to go even lower. I mean, they really do think that the unemployment rate is going to steadily fall. And they’re right because the unemployment rate falls when people fall off of payrolls, when they’re no longer participating in the economy, in working at all. And if you’re an economics reporter or if you’re a policy wonk, you know that. But to everyone else, it just looks like we’re doing better as the unemployment rate is falling. And that is not the case.”

Why is the FED still pumping $85 BILLION a month into the stock market if unemployment news is so great?

Another real measure of the current damage Democrats do to the economy while they are in power.

Although I have yet to see the trail of money and if it ever gets to the stock market. That's were a reporter should go to the banks selling the Federal Reserve the bonds and ask what "Where's the money gone"?

Just to explain, I believe some of the stock market growth is inflation, no where else to invest as IMHO bonds are no longer a safe investment on top of the low interest from bonds, and index funds in 401ks. I don't credit it all to the Fed QE3.