Posted on 10/14/2010 6:02:25 AM PDT by 1rudeboy
Not good news for POTUS Obama and his Democrat Evil doers!!!Voters, destroy the entire Democrat Party on Election
Day, November 2, 2010. Obama continues on his dedicated mission to destroy the American economy and take America down!!!
I just did a little math. The binomial probability of an unbiased jobless claims estimate being revised upward 24 out of 25 times is: 0.0000745058%
I've noticed this too. Were the numbers not being jiggered, then they should - more or less - be revised upwards 1/2 the time, and downwards 1/2 the time. The fact that they're always revised upwards is evidence that they're being played with, IMHO.
I think the market is going up every day we get closer to November 2 and the polls continue to show the Democrats are going to lose.
With the Republican wave building, the market is expecting at least less insanity in the federal government.
If the Republicans take control of the House, I think we'll see a rally in the market. If they take control of the Senate as well, the rally will be huge.
The lame-duck session is still a wild-card, though. If the Democrats try to cram in a bunch of job-killing legislation and the Republicans aren't able to hold the line (because the Maine twin RINOs or even turncoat Murkowski switches sides), then it could get scary for a while.
It was actually -350K, give or take, not -902K.
Nevertheless, your general point is correct.
Since early 2009, the job market has been considerably weaker than the President’s administration has been reporting.
NAFTA Destroyed Employment and Shifted Production !
Blame our corrupt government who follow the NWO directives issued by the CFR. Insane policies of self-destruction and corporate bribery rule the world. Welcome to The New World Order
902,000 as the number I saw in what I read, so I apologize.
while the number of people still collecting jobless benefits fell to an almost two-year low.Hey when your 99 weeks are up, they're up. Poor things...
I'm hoping that the Republicans make some early decisive moves that gives consumers the confidence to spend, and businesses the confidence to invest.
I don't see a lot of hope for the housing industry, but I think there's a lot of pent-up demand elsewhere.
The ousted RINOS will be a big problem. We really need a con-con of 34 states to put the Kibosh on them. Unless we eliminate the outrageous agencies and spending on them we are not going to make it. It is not worth saving. The federal government should no longer be allowed to borrow money or print it. We should declare a chapter 13 bankruptcy and then work to pay off the 200 trillion we owe over time with no additional spending allowed.
“Shovel ready” is a good term to describe the O administration. But what are we shoveling!
Unexpectly unexpected unexpectedness.
Unexpected!
*hick*
I am about to die of alcohol poisoning from all this “unexpected” bad economic news!
Do these idiots understand how predictable they have become? If I were a comic I would be all over this.
The president always gets all the blame (or credit) even though it's congress actually that is more at fault since they control the purse strings.
If the economy is still in the crapper in 2012... obama is toast, no amount of blaming it on the Republican congress is going to stop his defeat.
On the other hand, if the new Republican majority congress succeeds in fixing the economy and balancing the budget... Obama will claim (and get) the credit, just like Clinton did.
You are oh so correct. I can see it coming. There are only two ways our current situation can go. One is a lot of pain as all the errors of the last decade are corrected. The other is a total collapse of the system. There is, IMHO, no middle ground.
Just paring the government down to size will be a catastrophe for a lot of people, all those who’ve latched onto the public teat or slop at the public trough. They are in no way prepared for jobs in the real world. Talk about culture shock!
In a lot of ways I sadly feel that total collapse would be a better solution than having to go through the hell of what will be inflicted on us by all those public employees who suddenly find themselves looking for work.
good for you.
But did you catch them revising the jobs lost numbers (for all of last year) up by 900,000+ a week or so ago?
Our government is lying to us.
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