Jobs Report Countdown Thread Aug 7, 2009 (How will they spin this report alert)

[longtermmemmory]

The newest jobs report is comming out at 8:30am today.

The prediction is 275,000 more jobs lost.

[longtermmemmory]

My prediction is the WH thug squad will be out praising the number no matter what it is.

We need to call them on the phoney spin, AND we need to correct with the REAL unemployment number. Not just the unemployment benefits.

There is one thing for certain, no matter the number Obama will scream unmployment means we need to nationalize the insurance industry.

(btw why does nobody mention the bribes required paid by patients in socialized medicine?)

[longtermmemmory]

Jobs report in 1:35 hours...

[Cindy]

ON THE INTERNET:

http://www.forbes.com/2008/11/17/layoff-tracker-unemployement-lead-cx_kk_1118tracker.html

[JerseyHighlander]

nice thread, I got up early just for the number and to get ready for the trading day.

With RBoS coming (partially) clean today, and Europe’s financials melting down in sympathety, if this jobs numbers doesn’t substantially come in lower than estimates I will agree with Schiff and many others who saw this week as the top of this wave in the equities market.

DXY to 72 by October!

[Fresh Wind]

The number will be a lie anyway.

[blueyon]

Oh WHAT GREAT NEWS...only 275,000 more unemployed why we thought it would be worse. This is great, the recession is over. Barry policies are working. Yes more people are going to lose their jobs over the next 6 month but that’s a lagging indicator. Things are getting better. WH will not release or when they do, will have a new and improved way to organize the data. And if you do not believe this, watch out as THE WHITE HOUSE THUGS WILL PUNCH BACK TWICE AS HARD!!!!

[longtermmemmory]

unemployement is predicted to be at 9.7%

note: Obama was PREDICTING good news and he is scheduled for an ecconomy speech at 10am.

Obama would not have scheduled a cheerleading speech unless he already KNOWS the numbers (to be revised later)

IOW these jobless number is already fixed.

I look for a flat market today.

[Elle Bee]

They will claim that the number of unemployed is less than they had expected and in Orwellian Speak that will be good news

.

[Shady]

Millions of people will run out of extended benefits soon, That will lead to desperate measures. BO, you screwed up royally. The instinct for self-preservation cannot be quelled. You think people will roll over to accept the cyanide for Capitalism, you are wrong. This nation will revolt.

[Tarpon]

Yummy, cooked books.

[longtermmemmory]

CNBC is talking about a “W”

It is all the fault of the “W” (how symbolic)

They are now warming us up for a SECOND RECESSION!!!!

double dip recession.

how many of the clunker transactions will be reposessed.

in 2011 1/2 of all homes will be upside down on their mortgages.

and yet this is a good report?

CNBC is also reporting the real money is waiting for the second dip.

BTW DO ANY REAL TRADERS OUT THERE know what the trading volume has been?

My understanding is that the volume of trading (traders) in the market is waaaaaay down.

[longtermmemmory]

the democrats are now blaiming the “W” recession.

not w bush, but up and down, but the democrats are aluding to W Bush.

the new whisper is double dip recession.

a recession that Obama can call all his own.

[wny]

the spin is obviuous and entirly predictable.

I inherited an economny from those stupid, evil republican nazis that was losing 700,000 jobs a month. Now, thanks to my hard work and brilliance, after passing a pork-free, tax-cut laden stimulus package I wrote myself, and after continued hard work and more brilliance, and despite resistance from well dressed angry republican nazi mobs,...we're only losing 300,000 a month. That's the change America voted for...

Then his whores in the media will all swoon and scream like teenage girls in the presence of their own heartthrob. Older mediawhores will throw their panties at O like the old ladies at a Tom Jones concert.

Then the NY Times headlines will scream:

UNEMPLOYMENT IMPROVES 57%!

[longtermmemmory]

Green lakes stream confrenece being talked today on cnbc.

Steve Leesman AKA KOMISAR KUEBALL is cheerleading for Obama.

Now they are interviewing someone who is saying we have positive PSYCHOLOGICAL tailwinds.

If the BS from Leesman gets any thicker he will qualify for an ethanol subsidy to keep producing it.

[Go Gordon]

IOW these jobless number is already fixed.

When you include the government jobs data (hiring) with the private sector (layoffs galore) it softens the blow. I wish they would just report on the private sector.

[org.whodat]

Once you reach maximum speed in free fall you cannot go any faster.

[longtermmemmory]

Small Business Administration applications have dropping precipitously...

intersting slip on the part of the talking head.

no small business means no ecconomy.

[longtermmemmory]

“Once you reach maximum speed in free fall you cannot go any faster.”

(s)Obama stops progression of gravity!(/s)

[longtermmemmory]

We at FR will disect the number.

During the Rush live thread we can spread the word (or call in)

WE have to bypass the old media.

[RU88]

All we heard for the last eight years was that it was the worst economy since the Great Depression and that 4 or 5% unemployment being touted were not a true indication of the facts on the ground because it failed to account for all of those who had stopped looking for work.

Fast forward six months and we've effectively got 10% unemployment (my guess is more like 15 to 17%) close to half the home mortgages “under water”, trillions upon trillions in unpaid debts (primarily to the Chicoms), and according to the presstitutes we are on our way to Shangri La! I really did underestimate the stupidity of the American electorate last election. However looking at these poll numbers its becoming obvious that the honeymoon is over as the overall economy continues to sink into the muck of socialism.