Mass layoffs jumped almost 25% in August

posted at 2:55 pm on September 23, 2009 by Ed Morrissey

The jump in unemployment this August was no accident, and no fluke.  The Bureau of Labor Statistics found that mass layoff events, where a single employer lays off 50 or more employees, increased 24.7% from July, by far a high for this year.  Initial jobless claims also hit a high, giving an indication that the economy is far from recovery:

Employers took 2,690 mass layoff actions in August that resulted in the separation of 259,307 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in August increased by 533 from the prior month, and the number of associated initial claims increased by 52,516. Over the year, the number of mass layoff events increased by 803, and associated initial claims increased by 70,356. Year-to-date mass layoff events (21,184) and initial claims (2,162,202) both recorded program highs through August. In August, 900 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 93,892 initial claims. Over the  month, the number of manufacturing events increased by 279, and associated initial claims increased by 21,626. (See table 1.)

During the 21 months from December 2007 through August 2009, the total number of mass layoff events (seasonally adjusted) was 44,669, and the number of initial claims filed (seasonally adjusted) in those events was 4,556,636. (December 2007 was the start of a recession as designated by the National Bureau of Economic Research.)

The August plunge did not come from any one industry.  According to the BLS, seven of the 19 industry categories recorded their highest number of initial job-loss claimants this year.  Manufacturing took the biggest hit, accounting for 31% of all mass layoff events.

Until the unemployment numbers hit for August, the Obama administration had insisted that they had turned the corner on job losses.  Even afterward, they still claimed to expect that the labor market had stabilized.  This shows just the opposite.  Larger employers have accelerated layoffs, and that will have secondary impacts on local economies, forcing smaller employers to shed jobs as business declines.  Manufacturing losses mean less goods to push through the distribution chain.

It looks like we’re still declining in economic power.  The stimulus package has not kept mass layoffs from jumping substantially this summer, and now we will have to see whether that trend continues this month.  With initial jobless claims still averaging 563,000 for the past four weeks (new numbers will come out tomorrow), it doesn’t seem to be slowing down.


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Comment pages: 1 2

CriticalUpdate on September 23, 2009 at 3:09 PM

Who’s celebrating? I am scared to death. Conservatives do not cheer on a bad economy. This blog post is simply reporting.

shannonkelly on September 23, 2009 at 3:30 PM

It doesnt make me happy, regardless of who is in power.

CriticalUpdate on September 23, 2009 at 3:09 PM

Frankly, I’m more worried than celebratory as are many of the my laid-off former coworkers – some of them less than gleeful conservatatives.

Vera71 on September 23, 2009 at 3:31 PM

Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution.

Adolf Hitler knew his opportunity had arrived.”

Archimedes on September 23, 2009 at 3:28 PM

But Obama is already here.

pseudonominus on September 23, 2009 at 3:31 PM

And Lib Tired: I know you were being sarcastic, but I just want to say you’re always original.

betsyz on September 23, 2009 at 3:27 PM

Thanks betsyz. I try.

LibTired on September 23, 2009 at 3:32 PM

Damn … the ‘Pubs should be raising hell and forcing Obama/the dems to put the remaining”stimulus” dollars into tax cuts…if anything at all.

theTarCzar on September 23, 2009 at 3:33 PM

never waste a good crisis! if destroying the US labor unions is the net result of the Great Obama Double Dip Recession, it will have been worth it.

DrW on September 23, 2009 at 3:30 PM

Uh, not if we end up with hyperinflation and Depression-level unemployment. I don’t wanna destroyed along with the unions.

Doughboy on September 23, 2009 at 3:34 PM

I just heard on the radio that a local company is closing at the end of October. 180 jobs gone…

ladyingray on September 23, 2009 at 3:34 PM

wow, this is even more news that suggests we should go out and spend a trillion more on some whack job fools errand like the healthcare that nearly 90% of us are happy with.

ted c on September 23, 2009 at 3:34 PM

It’s all part of the diabolical 10 point plan to gut America and allow the evil overlords to move in.

Apology tour; check
Defund defense; check
Support rogue leaders; check
Endless deficit spending; check
Government control of finance industry; check
Government control of transportation; check
Government control of education; check
Government control of media; pending
Government control of housing; pending
Government control of energy; pending
Government control of health care; pending

Six down, three to go.

wordsmithy2009 on September 23, 2009 at 3:35 PM

You want jobs? Go to Europe, heck go to France. I thought I’d never see the day when US unemployment is worse than France’s.

Apologetic California on September 23, 2009 at 3:35 PM

oops, six down; four to go.

(Good thing I’m not an accountant)

wordsmithy2009 on September 23, 2009 at 3:36 PM

wordsmithy2009 on September 23, 2009 at 3:35 PM

Socialisim at Warp Speed! woooo hooooo!
/

milwife88 on September 23, 2009 at 3:38 PM

There’ll be plenty of leaves to rake in a couple weeks, so.

Akzed on September 23, 2009 at 3:38 PM

This is the exact kind of thing we need to focus on connecting to the stimulus and its failure.

As I discuss in this blog post, we’re starting to see the advantage we had on stimulus perceptions fade.

http://thirdbasepolitics.blogspot.com/2009/09/is-gop-starting-to-lose-momentum-on.html

DJ Tablesauce on September 23, 2009 at 3:39 PM

Soon to be reveling in “funemployment” myself.

I’m very fortunate though in that my immediate job prospects are good. I know people who have been out of work for 18 months and are totally tapped out (both financially and emotionally).

Mike Honcho on September 23, 2009 at 3:39 PM

You have it all wrong, Ed. The title should read:

“One Minus Mass Layoffs Increase Down 75.3%, Recovery Underway”

NickelAndDime on September 23, 2009 at 3:39 PM

But Obama is already here.

pseudonominus on September 23, 2009 at 3:31 PM

The main difference is that purple has replaced brown for shirts.

burt on September 23, 2009 at 3:40 PM

oops, six down; four to go.

(Good thing I’m not an accountant)

wordsmithy2009 on September 23, 2009 at 3:36 PM

Close enough for government work. Or ACORN work, for that matter.

Vashta.Nerada on September 23, 2009 at 3:44 PM

Ed,

We’ll be hit with massive tax increases when the Bush administration tax cuts expire. Massive tax increases in the middle of a recession tend to result in a full-bore economic depression, and this is one of our worst recessions in a hundred years.

The public’s No. 1 voting tendency is to throw incumbents out when the economy goes south. We seem to be very much on track for the GOP to regain the House in 2010, plus the Senate and White House in 2012. And for the Democrats to then be out of power for twenty years.

“There are two kinds of American voters – those who remember Jimmy Carter, and those who are finding out.” Soon Barack Obama will replace Jimmy Carter in that line.

Tom_Holsinger on September 23, 2009 at 3:46 PM

oops, six down; four to go.

Oops! Seven down four to go.

burt on September 23, 2009 at 3:46 PM

wordsmithy2009 on September 23, 2009 at 3:36 PM

Don’t be hard on yourself. You are at least treasury material.

Joe Caps on September 23, 2009 at 3:47 PM

Trust me, I promise if the stimulus is passed unemployment will not exceed 8%. Catepillar will begin hiring those just laid off. What a hunk of bulls#&t. This guy is the worst and most incompetent buffoon ever.

rjoco1 on September 23, 2009 at 3:14 PM

He is getting the exact results hoped for, a rebounding of the economy breeds self-sufficiency, and is contrary to the desired enviroment push his programs. The vulnerable are maleable and there-fore “open to change”.

If he can recreate the circumstance that benefited FRD’s plans, he can “fundamentally transform” the fabric of the nation just the same.

As Mark Twain put it, “History may not reapeat itself, but it sure does Rhyme’. Nothing that is happening is by accident, it is intended.

Archimedes on September 23, 2009 at 3:48 PM

Well you can add me to the list of the newly funemployed. Got laid off yesterday from a small health insurer in St. Louis. The last time I was laid off was in 2002 ago and it took almost five months to find decent work. Hoping it doesn’t take as long this time but I don’t see employers in my industry doing any serious hiring until sometime next year.

My wife and I are confident everything will work out but we sure as heck don’t believe a word Capt Bulls**t and his administration say. Americans have a history of perseverance despite government incompetence. This is quickly turning into one of those times.

RobertE on September 23, 2009 at 3:50 PM

I’m guessing GB will be all over this soon.

txag92 on September 23, 2009 at 3:50 PM

At least I know who my real friends are…when I spout off at HuffPo they barbeque me on form and content.
Liberals are such a laid back, forgiving and kind-hearted lot.
/sarc

wordsmithy2009 on September 23, 2009 at 3:51 PM

Archimedes on September 23, 2009 at 3:48 PM

I have had the same thought for months. I haven’t convinced myself of its truth yet. I keep thinking Obama is too stupid to bring it off if he planned it.

burt on September 23, 2009 at 3:55 PM

This stock market rally is a classic suckers rally and a very few companies driving a majority of the volume. As unemployment benefits begin to run out this fall and many more people are added to the unemployment rolls, it will get desperate for many people out there and things may get very interesting domestically. And absolutely nothing this regime is doing is positive for the economy. In fact they want this crisis to occur to give them cover to cram more Marxist crap down our throats.

TheAdmiral on September 23, 2009 at 3:09 PM

A huge portion of the “volume” recorded by the ticker is the result of what is called “High Frequency Trading”, auto mayed computer driven market that is by any definition, market maipulation.

Goldman Sachs is a big player in HFT and it is a large source of their revenues. It is not much more than theft of investors to the benefit of in/out traders.

It took alot of trades to produce Obama’s “unprecedented” campaign contributions.

Archimedes on September 23, 2009 at 3:55 PM

Maybe if the lower the retirement age to 42, they can take them off the unemployment roles…

right2bright on September 23, 2009 at 3:58 PM

Hope and Change Mass Catholics. They’d better start hoping for a change in 2010, but they won’t. It’s like Stockholm Syndrome with these stupid libs.

marklmail on September 23, 2009 at 3:58 PM

That damn Bush!

/sarc

Dr. ZhivBlago on September 23, 2009 at 4:06 PM

And credit card defaults just hit an all-time record.

http://finance.yahoo.com/news/US-credit-card-defaults-rise-rb-2915113052.html?x=0&.v=2&.pf=banking-budgeting&mod=pf-banking-budgeting

Something tells me we’re not out of the woods yet…

DRPrice on September 23, 2009 at 4:06 PM

I’m guessing GB will be all over this soon.

txag92 on September 23, 2009 at 3:50 PM

I’m all for Beck “bagging” any “game” that flit through his cross-hairs. He touched on her breifly last night, but the trophy worthy of mounting on the wall, is Valerie Jarrett!

Note to Ed & Allah, above merely a useful use of metaphor. All conotations meant only as “take-down”, “bust”, or “expose”, in the futherence of ridding ourselves of these parasites. Oops! Parasites are animals…vermin, eeeek, no hmmmmmm….AHA!

Craven naves!

Archimedes on September 23, 2009 at 4:09 PM

WE SAVED THE ECONOMY. – Rahm Emmanuel (D), Obama Chief of Staff.

Good Lt on September 23, 2009 at 2:57 PM

Well, that’s all I was going to post… I guess I’m redundant now. Time to go fishing?

gekkobear on September 23, 2009 at 4:10 PM

Until the unemployment numbers hit for August, the Obama administration had insisted that they had turned the corner on job losses.

True, but around that corner was a very large brick wall.

LASue on September 23, 2009 at 4:12 PM

Chip Diller: “Remain Calm! All Is WELL!!!

(note – only one degree to Kevin Bacon)

connertown on September 23, 2009 at 4:14 PM

True, but around that corner was a very steeplarge brick wallcliff.

LASue on September 23, 2009 at 4:12 PM

Fixed it

larvcom on September 23, 2009 at 4:16 PM

oops, six down; four to go.

Oops! Seven down four to go.

burt on September 23, 2009 at 3:46 PM

Pretty slick “wordsmithy”.

You know Obama is watching this site and you know you are now a shoe in for a ‘Jobs Created or Saved’ position!

cntrlfrk on September 23, 2009 at 4:18 PM

Will the layoffs continue? The answer is yes. We got a cheery email from our CEO yesterday with the usual verbiage about down economy, streamlining and how they had directed all managers at the senior level to review procedures, yada, yada.

Interpretation: Expect another 10% cut in the work force, which will come to about 500 more probably, this after laying off 1500 in the January thru March timeframe. Friday is normally axe day so we are holding our breath to see who gets it this time.

Just A Grunt on September 23, 2009 at 4:19 PM

For the record: I really hate that pic used with unemployment stories.

Rocks on September 23, 2009 at 3:25 PM

I know I’m not the only one wondering if she’s found a job by now.

singer on September 23, 2009 at 4:20 PM

I have had the same thought for months. I haven’t convinced myself of its truth yet. I keep thinking Obama is too stupid to bring it off if he planned it.

burt on September 23, 2009 at 3:55 PM

Without Obama’s trancsripts I find his “brillance” suspect to say the least. No matter how misguided though they may be, Soros is a “mad genious”! And the minions he has surrounded Barack with are no idiots.

Even a moron has at least a 50/50 shot of making the right call on something. An above average person who means naught but ill that is lazy, will do something right, if not by accident.

Reviewing this administration’s policies, it quickly can be asessed as 100% detrimental to date. That cannot be by chance, but by competent intent!

Archimedes on September 23, 2009 at 4:21 PM

Related:

FRESNO, Calif. – The Obama administration’s economic stimulus program to find jobs for thousands of teenagers this summer couldn’t overcome one of the bleakest job markets in more than 60 years…

Almost one-quarter of the 279,169 youths in the $1.2 billion jobs program didn’t get jobs, as more adults sought the same low-wage positions at hamburger stands and community pools, according to an Associated Press review of government data and reports from states.

Congressional auditors warned Wednesday that the government’s plans to measure the success of the federal program are so haphazard that they “may reveal little about what the program achieved.” The new report from the Government Accountability Office said many government officials, employers and participants believe the program was successful.

Vice President Joe Biden described the Workforce Investment Act summer program as a way to keep teens out of trouble and off the streets while reinvigorating the country’s summer youth employment program, which had gone dormant for a decade. But the program didn’t prevent youth unemployment rates from soaring to 18.5 percent in July, the highest rate measured among 16- to 24-year-olds in that month

http://news.yahoo.com/s/ap/20090923/ap_on_go_ot/us_stimulus_teen_jobs

Terry_Dyne on September 23, 2009 at 4:24 PM

Where can I go to school to learn to be a “Czar”?

Prospects in the “Czar” field of work seem to be pretty bright these days.

NoDonkey on September 23, 2009 at 4:24 PM

True, but around that corner was a very large brick wall.

LASue on September 23, 2009 at 4:12 PM

LOL! Nice! That one caught me off-gaurd.

Archimedes on September 23, 2009 at 4:25 PM

A huge portion of the “volume” recorded by the ticker is the result of what is called “High Frequency Trading”, auto mayed computer driven market that is by any definition, market maipulation.

Goldman Sachs is a big player in HFT and it is a large source of their revenues. It is not much more than theft of investors to the benefit of in/out traders.

It took alot of trades to produce Obama’s “unprecedented” campaign contributions.

Archimedes on September 23, 2009 at 3:55 PM

Last week’s move to eliminate “flash trading” went unnoticed. Up to 40% of the trading volume has been between 4 or 5 zombies (CitiBank, Bank of AMerica, Fannie MAE, JP Morgan Chase, etc.) Also, the insider trading to the sell side has been enormous. House of cards.

singer on September 23, 2009 at 4:27 PM

As we get closer to expiration of Bush’s tax cut look for a massive selloff in the stock market that will make September/October 2008 look like a rally.
I wonder if any of the job losses in MA is due to their Romney Care costs?

eaglewingz08 on September 23, 2009 at 4:27 PM

But BimBam has TurbotTaxCheat Timmy and Bernanke and Paulson and who knows how many other paid liars out there singing a chorux od, “Happy days are here again, praise 0bama for these Happy Days again!” Foetid decievers!

GeneSmith on September 23, 2009 at 4:30 PM

depresssion, thy name is donkeycrat…..OWN IT OBOZO!

Fighton03 on September 23, 2009 at 4:33 PM

singer on September 23, 2009 at 4:27 PM

If we could actually get someone like Atty Gen Fitzpatrick on these guys (I know,fat chance) we might be able bust them on market manipulation. But as it looks now our Guv is bought and paid for, free and clear!

BTW, where the hell is Fitz’s Chi-town investigation? If anyone has the dogged determination & ability to bring forth
charges that could result in impeachment, it’s him. I have long felt Obama’s Achille’s heel lay in his Chicago origins.

Archimedes on September 23, 2009 at 4:36 PM

BTW, where the hell is Fitz’s Chi-town investigation? If anyone has the dogged determination & ability to bring forth
charges that could result in impeachment, it’s him. I have long felt Obama’s Achille’s heel lay in his Chicago origins.

Archimedes on September 23, 2009 at 4:36 PM

I too used to think Fitzgerald was the one but it looks like he’s not:

“Patrick Fitzgerald, the top prosecutor in Illinois’ Northern District, has been named interim chairman of the Attorney General’s Advisory Committee of U.S. Attorneys (AGAC).
In his new role, Fitzgerald will be the lead voice for the U.S. attorney community. It’s the latest high-profile assignment for America’s prosecutor, who has been busy overseeing the prosecution of Illinois Gov. Rod Blagojevich (D), bringing down mortgage fraudsters, and fighting with journalists.” from August 5, 2009.

singer on September 23, 2009 at 4:43 PM

Something tells me we’re not out of the woods yet…

DRPrice on September 23, 2009 at 4:06 PM

Yet? We haven’t been close to getting out of the woods at all. Contrary to claims we have just been slowly wandering deeper in, away from the road and civilization.

Look on the bottom of your compass. It says: Obama Industries, Inc., Made In China.

Yoop on September 23, 2009 at 4:51 PM

BTW, where the hell is Fitz’s Chi-town investigation? If anyone has the dogged determination & ability to bring forth
charges that could result in impeachment, it’s him. I have long felt Obama’s Achille’s heel lay in his Chicago origins.

Archimedes on September 23, 2009 at 4:36 PM

Fitz was fired by Barry.

Vashta.Nerada on September 23, 2009 at 4:54 PM

but the trophy worthy of mounting on the wall, is Valerie Jarrett!

Archimedes on September 23, 2009 at 4:09 PM

I wouldn’t mount her anywhere. I do have standards…

Yoop on September 23, 2009 at 4:54 PM

I’ll bet somehow someway Congress will find a way to extend unemployment benefits past the holiday season…

Theworldisnotenough on September 23, 2009 at 5:03 PM

Fitz was fired by Barry.

Vashta.Nerada on September 23, 2009 at 4:54 PM

He is still on the job, but he has been quiet lately.

WashJeff on September 23, 2009 at 5:04 PM

The winter slow down is coming…layoffs will continue enmase. But hey, the Recession is over!

Wyznowski on September 23, 2009 at 5:07 PM

Manufacturing took the biggest hit, accounting for 31% of all mass layoff events.

This isn’t good. No matter what Bernake or Biden say about “little green shoots”.

GarandFan on September 23, 2009 at 5:32 PM

double dip baby. the delta is moving the wrong way. job losses accelerating. After 3Q GDP gets a pop from clunkers and the home buyers tax credit ends at the end of Nov combined with the Feds purchases of MBS and treasuries winding down in 4Q 09 – 1Q 10. the double dip will be nasty, with the added bonus of inflation thanks to TOTUS deliberately devaluing the US Dollar to boost exports for his labor buddies.

ginaswo on September 23, 2009 at 5:36 PM

Wyznowski on September 23, 2009 at 5:07 PM

Oh yeah baby. Survey Says: DING!

Retailers surveyed said they planned fewer Holiday hires this Christmas.

ginaswo on September 23, 2009 at 5:37 PM

So what would motivate an economist to destroy the last shreds of his professional integrity by declaring “the recession is over”?

Economists have professional integrity? I mean, do they have, like, performance reviews where their past economic predictions are checked against reality and their accuracy is scored?

Next you’ll be telling me that lawyers and politicians have professional integrity that they worry about being destroyed.

Socratease on September 23, 2009 at 5:40 PM

The good news for Obama, is that the mass layoffs will eventually cease when everybody has been laid off.

Old Country Boy on September 23, 2009 at 5:52 PM

Soon to be reveling in “funemployment” myself.

I’m very fortunate though in that my immediate job prospects are good. I know people who have been out of work for 18 months and are totally tapped out (both financially and emotionally).

Mike Honcho on September 23, 2009 at 3:39 PM

Good for you.
I’ve been out of work since March of 2008 and I can’t even get a frigging min wage job. Nobody wants to hire a 50 something professional software designer for even pizza delivery. I no longer get unemployment, my savings are wiped out and I’ve dipped into my retirement money just to keep afloat. On top of that stress is killing me so I never found the fun in funemployment.

RagTag on September 23, 2009 at 6:17 PM

All this indicates is that our biggest enemy is on target for the destruction of the United States.

CC

CapedConservative on September 23, 2009 at 6:30 PM

One wonders how much suffering has to happen before the libtards even notice. They are so out of touch it’s disgusting. The Democrat media complex must be stopped.

Mojave Mark on September 23, 2009 at 6:33 PM

Ummmmm….

… Did anyone read the Stimulus Bill?

Seven Percent Solution on September 23, 2009 at 6:37 PM

I just heard on the radio that a local company is closing at the end of October. 180 jobs gone…

ladyingray on September 23, 2009 at 3:34 PM

The company I have worked for the last 10 years just went into receivership last week which means the bank now owns the business and is in the process of liquidating all assets. This means we will be shutting the doors on four facilities and adding 150 employees to the unemployment line.

I have about two, possible 3 months max left on the job and I will be out of work for the first time in 23 years. To make matters worse the owner of the company that spent the last 30 years building the company from a small single warehouse to 6 locations was so distraught at what happened he committed suicide on Monday and his body was found just yesterday.

I am devastated to say the least as the owner of the company wasn’t just the owner and my boss but was family as I was close friends with and had gone to high school with his daughter and frequently had dinner and took vacations with the family.

Trickle up economics doesn’t work, what is needed are tax breaks. The stimulus plan is a farce and was done not to stimulate/improve the economy but was instead a payoff to the unions, ACORN, et al that helped get Obambi elected. So far all the only results of this “stimulus” I am seeing is heartbreak and despair as jobs and livelihoods are being lost and lives literally destroyed.

I hope you’re happy with yourselves Libs, your wealth distribution is working out perfectly for you and the rest of your lazy teat-sucking non-productive brothers and sisters in arms, too bad the rest of us hard working and productive citizens are paying the price in more ways than one!

Liberty or Death on September 23, 2009 at 6:44 PM

What happened to all the green jobs that Obama promised would revitalize the entire economy? Ya think those jobs never made any economic sense in the first place?

chipandcharge on September 23, 2009 at 7:33 PM

“Manufacturing losses mean less fewer goods to push through the distribution chain.”
-
This is one of my pet peeves. No one uses the word fewer anymore, not just ED.
-
A glass that is half full has less water in it, but it has fewer ounces of water than a full glass.
-
Ounces and goods refer to countable units, therefore the word fewer should be used.
-
My Clinton era peeve is using the word grow in the middle of a sentance when not referring to corn or oats or some other crop.
-
Sentances like “grow the economy” are bad english and have become standard usage.
-
Bubba’s lasting legacy to America.
-
Where is Henry Higgins when you need him?
-

esblowfeld on September 23, 2009 at 7:39 PM

esblowfeld: c’mon man! Is that all that’s bovering you?

chipandcharge on September 23, 2009 at 7:52 PM

One wonders how much suffering has to happen before the libtards even notice. They are so out of touch it’s disgusting. The Democrat media complex must be stopped.

Mojave Mark on September 23, 2009 at 6:33 PM

Out of touch? Notice? Gee, I hate to break this to you, but they know exactly what they are doing. This destruction of the economy is intentional. We, the Right, were even trying our best to warn people before the election. What did we get for our warnings, accusations of racism.

See you on the line, or across the line.

mrpeabody on September 23, 2009 at 8:00 PM

But, but, I heard on NPR that the economy is recovering all around the world!

Dhuka on September 23, 2009 at 8:22 PM

This is very bad.

In one man’s life, Gold has gone from $20 (1930) per ounce to $1000 per ounce (today). I would love to know what the average inflation rate that is.

I think we are getting to the end of false paper money that Government uses like a drug addict, armbanging another hit to get through the next crisis. Nothing would strengthen our nation more than to go back to gold. So simple, but so hard to do.

GunRunner on September 23, 2009 at 8:25 PM

This is the big recovery MSM and Gibbs been talking about.

HOPENCHANGE, YES YOU CAN DUMMIES!

bluegrass on September 23, 2009 at 8:34 PM

A thought question. With projected unemployment continuing to increase and projected to remain high for years to come, why isn’t this the number one overriding ‘fix’ goal for the feds? If you want to stop continued shortfalls in FHA, Fannie/Freddie, FDIC, SS/SSA then isn’t the ONLY solution more real (non-taxpayer funded)jobs to fund these things?

Offer businesses a 20% reduction in their share of SS/Medicare for new hires kept over five years full time. Offer commercial properties new lease deals for tenants that keep them leased out at even 50% of prior deals, with again five year tenancy to qualify to keep the reduced rate.

Pass tort reform ala Barbour in MS to improve the business climate. Start tossing out illegal aliens; in a tough economy Americans WILL take those jobs.

Finally, start cutting back on entitlement programs that discourage work. The net result of these changes alone would be to make an immediate improval in employment rates. The employment rate could begin to fall within 6 months. Longer term structural changes could follow the improved economic numbers.

GnuBreed on September 23, 2009 at 9:19 PM

The stimulus package has not kept mass layoffs from jumping substantially this summer,

Obama pointed out how the stimulus prevented the loss of 1.5-2 million jobs. I’m not sure why he thinks that phony baloney stat is a positive since they appear to have only spent less than 5% of the stimulus. It would seem to me that to believe Obama couldn’t they have prevented the loss of a single job had they spent all the money right away?

chickasaw42 on September 23, 2009 at 9:32 PM

Every time I see this photo, I wonder, “Hey, hasn’t that chick talking on the cell phone found a job yet?”

disa on September 23, 2009 at 10:24 PM

It would seem to me that to believe Obama couldn’t they have prevented the loss of a single job had they spent all the money right away?

chickasaw42 on September 23, 2009 at 9:32 PM

Yo, chick – you’re still trying to apply logic to this a$$hat? He’s just talking because that’s all he knows how to do – blow smoke up the kiddies behinds while they frantically scribble down his words in case they’re on the test. It’s not like he has to study to please us, right?

Reality has no impact on his speechifying.

disa on September 23, 2009 at 10:27 PM

I just hope that lady with the curly hair finally gets a job. She’s been standing in that line on the phone since like January, hasn’t she been?

CK MacLeod on September 24, 2009 at 1:00 AM

If the 2010 elections don’t turn this mess around, business owners (like me) will really pull in.
-
Already, expansion plans are on long term hold, machinery and equipment sales (purchases) are in the tank.
-
Thoughts of relocating to Canada are dancing in our heads.
-
BO is looking more like Chavez each day.
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The spector of hyper-inflation is looming large.
-

esblowfeld on September 24, 2009 at 7:13 AM

Bill Sparkman, RIP

Related to the unemployed looking for work with the Census, read the HotAir Headline AP murder story. Mr. Sparkman moved from Florida to Kentucky where he found jobs as a substitute teacher and Census worker in the outlying rural districts. His murder is obscene. Despite his body being decomposed, to cremate it would destroy all evidence for investigation and the court case to solve his heinous murder. Yet the FBI want Sparkman’s mother to assent to immediate cremation following the autopsy. I know it may be expedient, but it could be too expedient, were the investigation to focus on the wrong person, the last to be entered on the computer for instance. The murderer left Sparkman’s Census computer in his truck; Sparkman would have had it in hand had he been at someone’s door. He may have been murdered by anyone he passed, even unwittingly, on the road where his truck was left. So the information collected would simply be where he’d been prior to his murder, not pointing to anyone in paraticular. Note well that the press immediately go into attack mode referencing those “anti-government Townhall meeting” attenders as the menace outdone only by McVeigh in Oklahoma, as if conservatives opposed to corruption are responsible for this man’s murder. His co-worker at afterschool care warned him what he was doing out there in the backwoods was very dangerous, that he wasn’t going to be safe at all. The Census Dept. is responsible for having set up this specific tragedy, knowing full well what they were setting Mr. Sparkman up against, alone. Obama’s strategy with this Census has been to further encroach into people’s lives, more so than previous census practices, in order to create a crisis to be further abused in order to further extend federal powers. This is a very sad tale, indeed, horribly tragic because it could have been averted with common sense to avoid antagonizing sensitive and distrusting areas.

Bill Sparkman, a 51-year-old part-time Census field worker and teacher, was found Sept. 12 in a remote patch of the Daniel Boone National Forest in rural southeast Kentucky. The law enforcement official, who was not authorized to discuss the case and requested anonymity, did not say what type of instrument was used to write “fed” on his chest.

The Census Bureau has suspended door-to-door interviews in rural Clay County, where the body was found, pending the outcome of the investigation. An autopsy report is pending.

Investigators have said little about the case. FBI spokesman David Beyer said the bureau is assisting state police and declined to confirm or discuss any details about the crime scene.

“Our job is to determine if there was foul play involved — and that’s part of the investigation — and if there was foul play involved, whether that is related to his employment as a Census worker,” said Beyer.

Attacking a federal worker during or because of his federal job is a federal crime.

Sparkman’s mother, Henrie Sparkman of Inverness, Fla., told The Associated Press her son was an Eagle scout who moved to the area to be a local director for the Boy Scouts of America. She said he later became a substitute teacher in Laurel County and supplemented that income as a Census worker.

She said investigators have given her few details about her son’s death — they told her the body was decomposed — and haven’t yet released his body for burial. “I was told it would be better for him to be cremated,” she said.

Henrie Sparkman said her son’s death is a mystery to her.

Very sad. Our deepest condolences to the Sparkman family.

maverick muse on September 24, 2009 at 8:58 AM

Their fudged unemployment number is at 9.7% The real number is over 17%.

Have you noticed this news reported ANYWHERE ELSE?

dogsoldier on September 24, 2009 at 9:30 AM

Shouldn’t the headline of this be

“Obama takes action/credut reducing emission”?

Sir Napsalot on September 24, 2009 at 10:16 AM

There is going to be a huge loss of tax revenue due to layoffs; how will the Democrats pay for Obamacare, fund social security???

TN Mom on September 23, 2009 at 3:02 PM

After Obama is done with his agenda, you are in no position to ask for social security or anything else.

Everybody would be just SO HAPPY to get whatever handouts yur guvmint deem appropriate for you to have.

Sir Napsalot on September 24, 2009 at 11:24 AM

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