[treetopsandroofs]

“Unemployment Set to Explode”

Only if Mitt wins.

The Hussein Heads will be emboldened by their current manipulations to pay America back once again for electing the “wrong man”.

[Ann Archy]

you dumba**es in California, you just keep voting for Democrats and you’ll WISH you had fallen into the sea.

[MacMattico]

Obama is trying to keep all of the proverbial shit from hitting the fan until November 7th. On Benghazi, the economy, Fast and Furious, etc and then if he wins we'll have Hugo Chavez in office who could care less what he's accused of creating. They'll be 4 more years of golf, executive orders and vacations.

[samtheman]

I’m skeptical about this correlation. First of all, if you look closely at the graph it doesn’t look all that correlated. Secondly, there are so many factors involved in unemployment that comparing it to any single other variable has to introduce the chance of a certain amount of coincidence in any correlation that you do think you see.

Bottom line: kill Obamacare and watch employers start hiring again, regardless of the price of gas.

[cicero2k]

I’m not skeptical. Cheap energy has been the underlying factor in our economic booms for the past 200 yaers. It’s not different this time. Cheap energy is a psychological gift that allows us to make spending decisions.

[cicero2k]

I’m not skeptical. Cheap energy has been the underlying factor in our economic booms for the past 200 yaers. It’s not different this time. Cheap energy is a psychological gift that allows us to make spending decisions.

[sefarkas]

A surge in fossil fuel prices also encourages development of marginal recovery projects. Low interest rates, shale recovery, and high gasoline prices will combine to boost spending and employment to take advantage of the spread between oil recovery costs (shale) and the high price for refined products like gasoline. Money spent on gasoline instead of whatever does not disappear. Why is it bad to spend money at the Chevron station instead of Safeway? Economic growth is about finding something relatively worthless, processing it, and selling it in a useful form.

[tomkat]

.. which just clocked in at its lowest level since early 2009

<gasping>

[CodeToad]

Considering the States have been SLOW to accept new unemployment insurance claims, I suspect the day after the election those claims will magically get processed and the first time unemployment insurance claims will jump several million.