Posted on 07/22/2010 5:47:26 AM PDT by 50mm
Businesses shouldn't have to compete with the Gov't paying people. Maybe for a couple months...but 2 years?
That's not right.
What, no propaganda comments from Obama’s administration?? Every time the numbers go down we hear nothing but how great his “plan” is working.
So is the market's opening reaction (up 200 points). One would expect the opposite reaction if this was perceived as surprising.
Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003
Washington, D.C. — House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics’ announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
Not true -- it's there by inference: "economists surveyed by MarketWatch had expected an initial claims level of 450,000."
Yet now it is up 200 points
un-believable
I ‘expected it’ as this is the 2nd time I’ve been among the unemployed during the Obama Recession. To heck with it. I’m re-opening my business. I figure that things can only improve after the mid-terms. Playing the percentages even if we only get ‘gridlock’.
Don't hold your breath on that one! Nobody in the Obama administration even knows anybody who works in the private sector -- except possibly at a law firm. They don't have a clue and couldn't buy one with another Trillion-dollar bailout program.
>> I think business reporters have finally realized how ridiculous it is to use “unexpectedly” every time the business news is bad for the ‘rats.
I was thinking incompetent.
So, between this week and last week the new claims rose by a million unemployed people....
A million here and a million there and pretty soon you’re talking big time job loss.
So, between this week and last week the new claims rose by a million unemployed people....
A million here and a million there and pretty soon you’re talking big time job loss.
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