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According to Don Imus, it's the late-1970s all over again, and not in a good way. Imus appeared on the Fox News Channel's Nov. 24 "Hannity" program and had some disparaging words for the current administration's economic policy. He told viewers that Obama's associations with Jeremiah Wright and Bill Ayers weren't the problem (h/t Erick Erickson at RedState.com). "You had me convinced - yes, he was. But you had me convinced that Jeremiah Wright and Bill Ayers and some of these people are all going to be in the Cabinet. We'd be better off if they were," Imus said. ...more...

WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell unexpectedly in October, according to government data on Wednesday that reinforced views of a gradual economic recovery from recession. The Commerce Department said durable goods orders dropped 0.6 percent after rising by an upwardly revised 2.0 percent in September. New orders in September were previously reported to have increased 1.4 percent. Durable goods orders are a leading indicator of manufacturing activity, which in turn provides a good measure for overall business health.

Not all revolutions begin in the streets with tanks and guns. Some advance slowly, almost imperceptibly, until a nation is transformed and the public realizes too late that their freedoms are gone. Such is the revolution now taking place in America. The '60s crowd has emerged from the ideological grave and is about to impose on this country a declaration of dependence in the form of government-run health insurance and treatment. It matters not what facts are known about this "coup," because to those from the '60s - whether they lived in that decade or were born later and adopted...

Is the asshat in chief using the war in Afghanistan to redistribute the wealth? STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread!

WASHINGTON (Reuters) - President Barack Obama's December jobs forum may be better at serving his political need to show the White House cares about sky-high U.S. unemployment, than discovering new ways to cheaply boost economic growth. There is a long history of presidents hosting "economic summits" to show their concern about the economy. But economists say that by appearing to rule out significant additional spending to lift the economy, Obama will limit what the forum can achieve, and he risks making it look like an exercise in public relations. "You need more demand for goods and services in order to...

Vice President Joe Biden did everything short of shaking a pair of pompoms yesterday as he cheered on an economic recovery while criticizing those he hears booing from the sidelines. "Ladies and gentlemen, things aren't good but they're getting a lot better," Biden told 500 people gathered at a fundraiser for the Committee of Seventy. "We're no longer debating whether we're going to slide into a great depression. We're debating what the shape of the recovery is. Is it robust enough from my perspective? No. Do we need to do more? Yes." "We may be wrong," Biden said. "But the...

Corruption in congress.....has it reached it tipping point? COME ON AMERICA...STAND UP, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Be part of the 100 year plan! Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread. Join us won't you!

The economic programs and policies currently in place are truly astounding. I don't think I have ever seen a more harmful economic environment for the country. While some of these programs started with Bush, the Obama Administration has advanced them to insane levels. Logic, economics, common sense and history must be defied to believe a recovery is possible in this environment. The nation's standard of living will be substantially lowered unless changes in policies are forthcoming. To understand why this economy cannot recover under these policies, it is necessary to differentiate between the macroeconomic and microeconomic approach. Arguably, macroeconomics is...

While the US recently reported 3.5 percent GDP growth in the third quarter, suggesting that the most severe recession since the Great Depression is over, the US economy is actually much weaker than official data suggest. Official measures of GDP may grossly overstate growth in the economy as they don’t capture the fact that business sentiment among small firms is abysmal and their output is still falling sharply. Third-quarter GDP — properly corrected for these factors — may have been 2 percent rather than 3.5 percent. The story of the US is, indeed, one of two economies. There is a...

... Obama has his own theory of our current economic situation. His "first job," he told Chuck Todd of NBC News, was to stave off another "Great Depression," save government jobs (police, firefighters, teachers), and "make sure certain sectors of the economy were supported," such as "construction and infrastructure." "We've gotten that job done," he said. "Our next job is to make sure we can accelerate the job growth," he said. "So what we're seeing now is businesses are starting to invest again, they are starting to be profitable again, but they haven't started hiring again." What's the matter with...

Small Business Tax & Toil By: Larry Walker, Jr. I have been contemplating all the blood, sweat, and tears shed by Small Business owners like me. Having been in business for the past 9 years, I have come to the realization that: I am paying a hell of a lot in Taxes (and government mandated fees), and I am feeling mighty under appreciated. The Federal Government, under the American Recovery and Reinvestment Act of 2009, chose to give a Social Security tax cut, the Making Work Pay Credit, to workers making under $75,000 per year. That's all well and...

If you are dyslexic or know someone who is,,,best selling author Vince Flynn will be discussing growing up with dyslexia. STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread. Join us won't you!

NEW YORK (CNNMoney.com) -- Here's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest. More than half. In fact, $4.8 trillion. If that's hard to grasp, here's another way to look at why that's a problem. In 2015 alone, the estimated interest due - $533 billion - is equal to a third of the federal income taxes expected to be paid that year, said Charles Konigsberg, chief budget counsel of the Concord Coalition, a...

Are we seeing the beginning of managed healthcare? Hmmm? STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Join us for a head exploding hour with Glenn!

The one highly visible success of the stimulus bill has been the cash-for-clunkers program. It induced a boom in vehicle sales this summer that clearly would not have happened otherwise. The rest of the stimulus bill has created a lot of jobs — 700,000 to 1.5 million, according to economists’ estimates. But it has done so in thousands of little ways: scattered construction projects, plugged-up school budgets and the like. Politically, these measures are not popular enough to create a groundswell for more of them. And the economy still needs help. So White House officials are now looking at creating...

With Congressional Democrats in near-panic amid forecasts that unemployment will remain high through next November’s midterm elections, a party leader said on Thursday that the House will pass a new “jobs bill” before Dec. 18. With more than half of last winter’s $787 billion package of tax cuts and stimulus spending still in the pipeline, Representative Steny H. Hoyer, the Democratic majority leader from Maryland, said the new measure should not be called another stimulus bill. He indicated that the legislation might include money for public jobs, which many liberals have advocated; tax credits to employers for new hires, an...

Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) yesterday expressed regret over US President Barack Obama’s remarks that “the US respects the sovereignty and territorial integrity of China.” “[The remarks] did not clarify the fact that Taiwan does not belong to China and disregarded the fact that the 23 million Taiwanese are under threat from the 1,400-odd missiles [deployed] by China. The result is regrettable,” Tsai said in a statement. Tsai’s remarks came after the US and China issued a joint statement in which Obama and Chinese President Hu Jintao (胡錦濤) underscored the importance of the Taiwan issue in US-China...

The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-US joint statement released in Beijing on Tuesday. The statement, issued after talks between Chinese President Hu Jintao and his US counterpart Barack Obama, has climaxed the latter's first China trip since he took office in January. "China will continue to implement the policies to adjust economic structure, raise household incomes, expand domestic demand to increase contribution of consumption to GDP growth...

The Obama administration, under fire for inflating job growth from the $787 billion stimulus plan, slashed over 60,000 jobs from its most recent report on the program because the reporting outlets had submitted "unrealistic data," according to a document obtained by ABC News. The Office of Management and Budget document shows that before an Oct. 30 progress report on the program the administration asked the Recovery Accountability and Transparency Board to remove information from 12 stimulus recipients that contained "unrealistic data," including "unrealistic job data." One recipient – Talladega County of Alabama – claimed that 5,000 jobs had been saved...

By: LarryAs economists from across the globe are grappling to find a new name for Barack Obama's economic policies, I have beat them to the punch. Cluelessian is Obama's new model for future economic (failures). Thus, in an effort to ensure that others do not slip and fall down into the same bottomless pit, let me help you define the difference between Free Market Economics and Cluelessian Economics.The two most basic concepts in free market economic theory are the laws of supply and demand. Under the law of supply as prices increase the quantity of goods and services increases, as...

NEW YORK (Reuters) - U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday. "Confidence tumbled in early November due to the grim financial realities faced by consumers as well as weaker economic prospects for the year ahead -- importantly, the decline in confidence was already in place before the announced increase in the unemployment rate to 10.2 percent on November 6," the Reuters/University of Michigan Surveys of Consumers statement said.

Why Take Math? So Your Ignorance Isn’t Broadcast Nationwide on the AP Wire November 6, 2009 This is pretty funny. Or horrifying. Depends on how you want to look at it.Several days ago, I noted on Twitter that there were a lot of “saved” jobs that weren’t saved at all but actually cost of living increases. About 24 hours after I noted this, there was an Associated Press article about that very phenomena.Coincidence? Almost certainly. But I’ll flatter myself anyway.But the laugh riot comes several paragraphs into the article as they look into why Southwest Georgia Community Action Council was able...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Glenn discusses the three things Americans want from the marxist in chief. Join us won't you!

WASHINGTON-- The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market. Initial claims for state unemployment benefits dropped last week to a seasonally adjusted 502,000, the lowest since January, from a revised 514,000 the prior week...........

NEW YORK (CNNMoney.com) -- The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other states, a new report has found. And how state officials deal with their fiscal problems could reverberate across the United States, according to the Pew Center on the States' analysis released Wednesday. The 10 most troubled states are: Arizona, California, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin. The list is based on several factors, including the loss of state revenue, size of budget gaps, unemployment and foreclosure rates, poor money management practices, and state laws...

Thank you to all of our veterans. STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Heeeeeeeeee's baaaaaaaaaaack! Join us won't you!

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Healthcare...is it really DOA in the Senate?

The Treasury recently reported that the federal government recorded a total budget deficit of $1.4 trillion in fiscal year 2009, about $960 billion more than the deficit incurred in 2008. CBO notes, in its latest Monthly Budget Review, that the federal deficit rose as a share of the nation’s gross domestic product (GDP) from 3.1 percent in 2008 to 9.9 percent in 2009—the highest deficit as a share of GDP since 1945.As shown in the figure below, federal spending and receipts diverged dramatically in 2009, reflecting the weakening economy and the federal response. The increase in the deficit of...

For all that's transpired since his election as president, public opinion has not moved on the big issue, the current economy. The question a year later is how long Obama's got until it goes up, or he goes down – possibly with his party in tow. Health care reform draws a divided public response as well, with support for a variety of initiatives coupled with significant concern that they could do more harm than good. Some of Obama's best ratings lately have been in handling international affairs, contrary to questions during the 2008 campaign about his readiness for the global...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread!

WASHINGTON -- The U.S. Senate late Wednesday unanimously passed legislation extending unemployment benefits and also significantly expanding a homebuyer tax credit that was championed by Republican U.S. Sen. Johnny Isakson of Georgia. The Senate voted 98-0 to extend unemployment benefits for the jobless by up to 20 weeks. In states with unemployment rates of 8.5 percent and above -- in Georgia the unemployment rate is 10.1 percent -- the jobless could receive up to 99 weeks of benefits, which average about $300 per week...

AP IMPACT: Stimulus jobs overstated by thousands October 29, 2009 By BRETT J. BLACKLEDGE and MATT APUZZO, Associated Press Writers WASHINGTON – A Colorado company said it created 4,231 jobs with the help of President Barack Obama's economic recovery plan. The real number: fewer than 1,000. A child care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees. Elsewhere in the U.S., some jobs credited to the stimulus program were counted two, three, four or even more times.

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Andy Stern, why is he so powerful?? Join us and find out!

The pace of layoffs eased in October, but progress in the labor markets remains painfully slow. Private-sector jobs in the U.S. fell 203,000 last month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers. The ADP loss is right on par with the drop projected by economists in a Dow Jones Newswires survey. The estimated change of employment from August to September was revised by 27,000 from a decline of 254,000 to a decline of 227,000. The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm...

By seizing gubernatorial seats in Virginia and New Jersey, Republicans on Tuesday dispelled any notion of President Obama's electoral invincibility, giving the GOP a lift and offering warning signs to Democrats ahead of the 2010 midterm elections. With Obama slipping in polls and many voters unhappy with the Democratic-run Congress, "it's been increasingly clear over the last few months that Democrats were likely to have a tough midterm next year," said Charlie Cook, who handicaps races nationwide for his nonpartisan Cook Political Report. "What we've seen tonight doesn't dispute that assumption." Tuesday's gubernatorial results certainly won't help Democrats. Perceptions are...

Washington (CNN) -- Victories in New Jersey and Virginia Tuesday provided a major shot in the arm for the Republican Party heading into the 2010 elections, but the Democratic losses of these two governorships should not be interpreted as a significant blow to President Obama. While the economy and jobs were the chief concern for voters in both states, 26 percent of New Jersey residents said property taxes was also a major issue, while another 20 percent mentioned corruption, according to CNN exit polling. In a similar CNN survey taken in Virginia, health care was the most important issue for...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Today Glenn tells us why healthcare is the key to controlling every aspect of your life, join us won't you!

The Obama administration announced Friday that federal stimulus money had created or saved about 7,200 education jobs in Ohio as of Sept. 30. Although a couple of hundred of those jobs were in Columbus City Schools, the district acknowledged yesterday that many of the "saved" jobs definitely wouldn't have been lost in the first place, and others might not have been lost at all. Although other areas of the district's budget might have suffered without the stimulus, district officials said, the jobs report nonetheless highlighted the fuzzy math involved in pinpointing a saved-jobs number.

Voters for the first time are blaming President Obama nearly as much as President Bush for the country’s continuing economic problems. A new Rasmussen Reports national telephone survey finds that 49% still blame the economic situation on the recession that began under Bush. But 45% now say the nation’s economic problems are caused more by Obama’s policies. Just a month ago, 55% pointed the finger at Bush, while only 37% said the policies Obama has put in place since taking office were at fault. These findings had remained largely unchanged since May. Sixty-two percent (62%) now trust their own judgment...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Glenn will discuss why America's political landscape has become almost unrecognizable, join us won't you!

LOUISVILLE, Ky. — Health insurer Humana Inc. rode its strong government business in posting a 65 percent jump in third-quarter profit Monday, as bulging membership and premiums from Medicare Advantage overcame a lackluster commercial segment hampered by the weak economy. Louisville-based Humana said its quarterly revenue rose 8 percent as enrollment in its Medicare Advantage offerings grew 11 percent from a year ago. But the company saw enrollment in its plans sold to employers fall by 7.6 percent from a year ago, contributing to a pretax loss in its commercial segment. Slumping enrollment in employer-sponsored health coverage plans has been...

More than 1.4 million Californians were working part-time in September, not out of choice but because their hours had been cut or it was the only job they could find and they needed the money, reports the state Employment Development Department. That's a nearly 72% increase from a year ago when 840,000 Californians settled for part-time work. The biggest jump has been in workers who have settled for part-time jobs because they can't find full-time work. Their numbers have soared 83.3% since September 2008.

Source: Trade and TaxesRaymond L. Richman The U.S. Bureau of Economic Analysis issued a misleading report when it announced October 29, 2009, that annualized Gross Domestic Product, measured in 2005 prices, increased 3.5 percent from the 2nd quarter 2009 to the 3rd Quarter of 2009. The fact is that annualized GDP in the 3rd quarter was $13,014 billion compared with $12,901 in the 2nd quarter , an increase of 0.872, less than one percent. The number, 3½ , asserted by the BEA was obtained by multiplying 0.872 by 4, in other words by extrapolating the rate of increase in the...

With Democrats poised to lose the governor's race in Virginia, and to possibly lose the governor's race in New Jersey and a special election for a House seat in New York, the White House has started insisting any pending losses will not have any significance. "Whatever the results are I don't think they portend a lot in dealing with the future," White House press secretary Robert Gibbs told reporters on Friday, pointing to the fact that Democrats won the Virginia and New Jersey governors' races in 2001 despite a very popular President Bush, with Republicans picking up seats in Congress...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! We have a whole hour of Lord Monckton and John Bolton, join us won't you!

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Join us tomorrow for a full hour of Lord Monckton and John Bolton. Join us now as Glenn ponders if we are witnessing the death of Freedom of Speech.

The Associated Press noted last week that the federal deficit reached a record $1.42 trillion for the fiscal year that ended September 30. Up until now, most of the mainstream media have either ignored the exploding deficits or declared them a good thing, since they were supposed to lift us out of the recession. But now that the full figures have come in even some Obama-friendly media stalwarts are struck by their enormity. This awakening is heartening. The AP report does a good job of putting the deficit number against some other figures to give a sense of scale. The...

The government issues its first estimate of gross domestic product for the third quarter Thursday, and it's expected to validate the belief that the Great Recession is over. Many analysts expect the economy returned to growth in the July-September quarter, expanding at a pace of 3.3 percent. If they are right, it would end the streak of four straight quarters of contraction, the first time that's happened on records dating to 1947. But while the economy appears back on its feet, millions are still suffering. The big question: Will it still be standing after government supports are gone? A turnaround...

STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Join us Friday for a full hour of Lord Monckton and John Bolton! What is Bawney Fwank up to? Join us today and find out won't you!

WAKE UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread! Join us for head exploding moments won't you!