Quote of the Day
posted at 10:20 pm on July 5, 2010 by Ed Morrissey
Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.
The share of the US working-age population with jobs in June actually fell from 58.7pc to 58.5pc. This is the real stress indicator. The ratio was 63pc three years ago. Eight million jobs have been lost.
The average time needed to find a job has risen to a record 35.2 weeks. Nothing like this has been seen before in the post-war era. Jeff Weninger, of Harris Private Bank, said this compares with a peak of 21.2 weeks in the Volcker recession of the early 1980s.
“Legions of individuals have been left with stale skills, and little prospect of finding meaningful work, and benefits that are being exhausted. By our math the crop of people who are unemployed but not receiving a check amounts to 9.2m.” (via Fausta)
Blowback
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“Once I built a railroad, made it run, made it race against time. Once I built a railroad, now it’s done. Brother, can you spare a dime?”
madmonkphotog on July 5, 2010 at 10:22 PM
Take a Bow…..
ted c on July 5, 2010 at 10:23 PM
What does Paul Krugman have to say?
MeatHeadinCA on July 5, 2010 at 10:23 PM
Before everyone gets all nutty, I think we should wait and see what the market is going to do the day after the November elections.
cynccook on July 5, 2010 at 10:23 PM
I am one of the 9.2 million. Pro bono doesn’t count as meaningful work. If I don’t get a job soon, not sure what I’m gonna do. It’s damned demoralizing.
Meric1837 on July 5, 2010 at 10:24 PM
We will not get out of this death spiral until we take the lid off….in the White House. I used to think it was the uncertainty but now I think we know what to expect from the administration and it is not good for business or our liberty.
d1carter on July 5, 2010 at 10:25 PM
Hey, I found our buddy the stormtrooper and he’s in the partyin’ mood!
ted c on July 5, 2010 at 10:26 PM
And it’s probably much worse. Changes in the tax code make temporary layoffs a much less important feature of recessions. If you subtract temporary layoffs from the number of unemployed, the adjusted unemployment rate looks every bit as bad as the worst of the 80s.
Karl on July 5, 2010 at 10:27 PM
If only there were some benevolent guy in office who could be made dictator for a short time, you know really let him do whatever he needs to do and fix all of this.
Bishop on July 5, 2010 at 10:27 PM
Keep the faith and work every day to get a job. I was jobless without unemployment benefits for 9 months. I just started two weeks ago at exactly the job I wanted.
Inanemergencydial on July 5, 2010 at 10:28 PM
BOOOOOOOSH!!1!
RedNewEnglander on July 5, 2010 at 10:30 PM
Don’t expect President Clueless to turn things around any time soon.
bflat879 on July 5, 2010 at 10:30 PM
Congrats!
massrighty on July 5, 2010 at 10:31 PM
And now we’ve had cut back on color photographs. /
Solid BW+
Electrongod on July 5, 2010 at 10:31 PM
adjectives.
ted c on July 5, 2010 at 10:31 PM
Oh Baby Obama.
Happy Days Are Here Again.
Is Germany acting up? How about Japan?
Mr. Joe on July 5, 2010 at 10:33 PM
Paul Krugman: Stimulus Maximus
BKeyser on July 5, 2010 at 10:33 PM
Not me. I keep hoping the Brazilian women’s beach volleyball team will give me a job as a massage therapist; so far no luck but I’ll take your advice and keep trying.
Bishop on July 5, 2010 at 10:33 PM
I guess all those teachers I had that said that war was good for the economy were full of garbage. Figures, lol.
OxyCon on July 5, 2010 at 10:33 PM
Hey man, what inanemergency said. Keep the faith and keep trying.
hawkdriver on July 5, 2010 at 10:34 PM
Ditto. I have a job interview tomorrow. Yeah, I’ve been self employed for 18 months but I just can’t stand the ups and downs in income.
Electrongod on July 5, 2010 at 10:34 PM
When you beat on free enterprise long and hard enough, free enterprise starts to die. Surprise.
Thanks again, 52 percenters.
Cicero43 on July 5, 2010 at 10:34 PM
You say malevolent, Sean Penn says “Great Guy! Now, if you don’t vote for him, here’s my malevolence!”
MeatHeadinCA on July 5, 2010 at 10:34 PM
Heh… more like Stimulate Me!
MeatHeadinCA on July 5, 2010 at 10:37 PM
Sean Penn? isn’t he the guy that wishes a$$ cancer on his political opposition? huh…I wonder when that karma is going to catch up with him.
ted c on July 5, 2010 at 10:39 PM
With the US trapped in depression, this really is starting to feel like 1932
==============================================
Obama and Supreme Court may be on collision course
Meanwhile,
Republicans in the hearing targeted Obama’s “tremendous expansion” of the government and argued for the court to aggressively restrain Congress and the White House. “The Supreme Court … ought to go for freedom, not more government,” said Sen. Tom Coburn (R-Okla.).
=============================================
And heres the more worrisome tidbit adding to the Hopey
induced Depression that he was busy,and still is engineer
ing,
Obama chose Kagan for the court believing she could bridge the gap with some of its conservatives.
But,waaaaaaaaaaaaay more importantly,
Her mission is to help uphold the laws that Obama and Democrats are pushing through Congress.
canopfor on July 5, 2010 at 10:39 PM
That’s the guy! He’s also a big fan of
CheI mean Chavez.MeatHeadinCA on July 5, 2010 at 10:40 PM
Best of luck to you. Put your best foot forward and sell it!
Inanemergencydial on July 5, 2010 at 10:42 PM
Crap,forgot the linky,sorry!
============================
From front page of Drudge
http://www.latimes.com/news/health/la-na-court-roberts-obama-20100706,0,7184862.story
canopfor on July 5, 2010 at 10:42 PM
Will do.
Thanks.
Electrongod on July 5, 2010 at 10:43 PM
Ditto. I have a job interview tomorrow. Yeah, I’ve been self employed for 18 months but I just can’t stand the ups and downs in income.
Electrongod on July 5, 2010 at 10:34 PM
Electrongod:Think positive,you’ll do fine:)
canopfor on July 5, 2010 at 10:44 PM
You may want to look into becoming a practice subject at the local Swedish Masseuse Training School. Just sayin’…
rmgraha on July 5, 2010 at 10:47 PM
Thanks canopfor.
Meric1837, you are most certainly not alone. This time will pass.
Electrongod on July 5, 2010 at 10:51 PM
Before any turn around can begin…
… we have to repeal the social engineering laws that interfered with the free market that got us here in the first place.
Along with those laws, we have to hold the politicians, like Barney Frank and Chis Dodd accountable, along with the media that swept it under the rug…
… Otherwise, not only will it continue to happen, it will get increasingly worse until their ideal social equality is realized built on the ashes of this country.
… And it will always be blamed on President George W. Bush.
Seven Percent Solution on July 5, 2010 at 10:53 PM
There once was a time when Obama and the democrats ruled unchecked. This time was called the Dark Age of America.
Tav on July 5, 2010 at 10:55 PM
The man is talking Keynesian nonsense.
AshleyTKing on July 5, 2010 at 10:55 PM
Will there be a market left?
BallisticBob on July 5, 2010 at 10:58 PM
Not me. I keep hoping the Brazilian women’s beach volleyball team will give me a job as a massage therapist; so far no luck but I’ll take your advice and keep trying.
Bishop on July 5, 2010 at 10:33 PM
Bishop: Maybe your shoot’n to high,maybe entry-level
Oil Boy is a start,ahem,hehe!!)(i kid)
==================================================
canopfor on July 5, 2010 at 10:58 PM
As Napoleon Obamaparte was deceiving much of the world he was also tricking his own followers. The scapegoat was yet again SnowBush. Whenever anything went wrong it became usual to attribute it to SnowBush. In fact many of the claims begin to sound ridiculous to the objective mind. Of course, his minions in the Squealer Media’s mission is to keep everything clouded in the minds of the sheeple.
Cheshire Cat on July 5, 2010 at 10:59 PM
Thanks canopfor.
Meric1837, you are most certainly not alone. This time will pass.
Electrongod on July 5, 2010 at 10:51 PM
Electrongod:)
canopfor on July 5, 2010 at 10:59 PM
The government can fix the economy, the leak in the gulf, and anything that ills you./
CWforFreedom on July 5, 2010 at 11:00 PM
It sounds like he has probably already had to sell his shoes and the shirt off his back and now you want him to sell his feet?
Cheshire Cat on July 5, 2010 at 11:02 PM
..in the end.
The War Planner on July 5, 2010 at 11:03 PM
Well done, Ed. Allahpundit will be happy with your choice. Again, unless we get rid of the Democrats in congress this year, WE ARE SO SCREWED!
simkeith on July 5, 2010 at 11:05 PM
All hope abandon, ye who enter into the Age of Obama.
Cheshire Cat on July 5, 2010 at 11:05 PM
Well if he doesn’t sell it, a doctor is likely to amputate it and charge him for that prcedure. Just trying to help a brother out!
Inanemergencydial on July 5, 2010 at 11:06 PM
Before any turn around can begin…
… we have to repeal the social engineering laws that interfered with the free market that got us here in the first place.
Seven Percent Solution on July 5, 2010 at 10:53 PM
Seven Percent Solution:Correct you are,and Kagan is Obama’s
ahem,”Ace in the Hole”,to carry out,and carry
on,and insure Obama’s Social Justice Engineer
ing Legacy for decades to come!!!!:)
canopfor on July 5, 2010 at 11:06 PM
You should be so lucky. You will be scroomed.
Cheshire Cat on July 5, 2010 at 11:07 PM
It’s bad out there. And it won’t get better under this administration. Obama’s deliberately destroying the economy, health care, corporations (by taking them over), eliminating private property (by taking over home mortgages)…everything a Communist country needs. When things reach bottom, he’ll announce the failure of the capitalist system, but luckily he had the vision to put a benevolent Government system in place. So everyone will have
welfarejobs, and compared to starvation, it will be an improvement.Yay, Obama to the rescue!
stonemeister on July 5, 2010 at 11:08 PM
Decypher this government run program:
National Fair Housing
and you tell me why we’re in this mess….and this is just ONE governmental example of social engineering.
This is the propaganda arm of the above link:
…..notice where the Fannie Mae and Freddie Mac logos are situated on their “about us” page:
We are dead in the water folks while the progressive engineers in the bowels of the government do their work behind the scenes.
rickyricardo on July 5, 2010 at 11:09 PM
..hang in there, Meric, there’ a lot of folks out here pulling for you! I was in that situation and remember this one bumper sticker that kept me going:
“Tough times never last…
..tough people do.”
The War Planner on July 5, 2010 at 11:10 PM
Unemployment will be over 20% by the end of the year. States have already started cutting back (as they must) and the ripples will be felt throughout the economy. If Obama had spent the stimulus on the private sector instead of government workers, we would now be creating jobs.
old crow on July 5, 2010 at 11:10 PM
Oh,forgot,
————
Before any turn around can begin…
… we have to repeal the social engineering laws that interfered with the free market that got us here in the first place.
Seven Percent Solution on July 5, 2010 at 10:53 PM
Seven Percent Solution:)
===================================================
The president’s agenda on healthcare and financial regulations sets the stage for a clash with the Supreme Court’s conservative majority.
But the year’s most important moment may have come on the January evening when the justices gathered at the Capitol for President Obama’s State of the Union address.
They had no warning about what was coming.
=========================================
Some advisors counseled caution, but the president opted to criticize the conservative justices in the uncomfortable spotlight of national television as Senate Democrats roared their approval
Chief Justice John G. Roberts Jr. is still angered by what he saw as a highly partisan insult to the independent judiciary.
=============
The president and congressional Democrats have embarked on an ambitious drive to regulate corporations, banks, health insurers and the energy industry. But the high court, with Roberts increasingly in control, will have the final word on those regulatory laws.
========================
Many legal experts foresee a clash between Obama’s progressive agenda and the conservative court.
http://www.latimes.com/news/health/la-na-court-roberts-obama-20100706,0,7184862.story
canopfor on July 5, 2010 at 11:12 PM
Who can take an election win, sprinkle it with dew
Cover it with choc’late and a trillion bucks or two
The Obama Man, oh the Obama Man can
The Obama Man can ’cause he mixes it with hope and change and makes the whole thing taste good
Who can get in step with Congress, wrap it all in a sigh
Soak it in the sun and make a groovy economic pie
The Obama Man, the Obama Man can
The Obama Man can ’cause he mixes it with hope and change and makes the whole thing taste good
The Obama Man makes everything he does satisfying and delicious
Now you talk about your childhood wishes, you can even eat his best wishes
Oh, who can take tomorrow, dip it in a dream
Separate the sorrow and collect up all the cream
The Obama Man, oh the Obama Man can
The Obama Man can ’cause he mixes it with hope and change and makes the whole thing taste good
The Obama Man makes everything he does satisfying and delicious
Talk about your childhood wishes, you can even eat his best wishes
Cheshire Cat on July 5, 2010 at 11:13 PM
Obama Dandy to the rescue!
Obama Dandy to the rescue!
Obama Dandy to the rescue!
Go, Obama Dandy! Gooooooo!
He came riding in on a submarine
Got a message from a mermaid queen
She was hanging on an oily fishing line
Mr. Dandy didn’t waste no time!
Obama Dandy to the rescue!
Go, Obama Dandy! Go, Obama Dandy!
One day, he went down to the old bayou
All there were feeling kind of blue
He’s Obama Dandy, such a great guy
He can’t stand to see a Cajun cry
Obama Dandy to the rescue!
Go, Obama Dandy! Go, Obama Dandy!
Cheshire Cat on July 5, 2010 at 11:16 PM
Perhaps we’re returning to a one-wage-earner household? Maybe we’ll even experience another baby boom.
Connie on July 5, 2010 at 11:16 PM
“Quick, feed the beast more money before the crisis becomes a catastrophe.”
- B. Hussein Obama, January 2009
- B. Hussein Obama, April 2009
- B. Hussein Obama, August 2009
- B. Hussein Obama, December 2009
- B. Hussein Obama, March 2010
- B. Hussein Obama, May 2010
- B. Hussein Obama, July 2010
fogw on July 5, 2010 at 11:21 PM
You always give my your mon-ey
I only give you my funny paper
And in the middle of a deep recession
I break down
(from O’s perspective)
Mojave Mark on July 5, 2010 at 11:24 PM
I fear the damage done will take some work to undue…
… maybe a generation.
And at every single step, we will be met by the Democrats who instilled their stealth policies, with screams of stuck pigs…
… and false accusations of wanting to hurt children.
We have to be up for the fight, and elect leaders that will not start conversations with our Domestic Enemies with…
Seven Percent Solution on July 5, 2010 at 11:24 PM
The real unemployment rate? 16.6%
http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx
————————–
Real US Unemployment is Already Over 20%
July 2 2010
http://www.economywatch.com/economy-business-and-finance-news/real-us-unemployment-is-already-more-than-20-per-cent-27-10.html
———–
canopfor on July 5, 2010 at 11:25 PM
…..notice where the Fannie Mae and Freddie Mac logos are situated on their “about us” page:
We are dead in the water folks while the progressive engineers in the bowels of the government do their work behind the scenes.
rickyricardo on July 5, 2010 at 11:09 PM
rickyricardo: Yup,I seen the logo`s,nice Intel work!!:)
canopfor on July 5, 2010 at 11:28 PM
O/T. Why does the pic of Obama on the front page to the left of this thread look like a puppy dog that saw a golf ball drop out-of-site into the hole.
“Where did it go?”
Electrongod on July 5, 2010 at 11:31 PM
Recovery
SummerNOVEMBER!!!!TN Mom on July 5, 2010 at 11:33 PM
Having the government pay citizens to have babies sure is more profitable than trying to get a job when there aren’t enough jobs for everybody. I mean the government can like just print more money, right? Like, Obama money? Maybe a little for everybody, then no one will be broke. Yay, Obama! Obama! Obama!
JustTruth101 on July 5, 2010 at 11:36 PM
State farm insurance is tied to that group. Is State Farm a rent-seeker?
Inanemergencydial on July 5, 2010 at 11:39 PM
“My friends…”
Seven Percent Solution on July 5, 2010 at 11:24 PM
Seven Percent Solution:Boy you got your summation well
nailed,and to the point,and yes,
its always about`’The Village’,
the children!!:)
On the electing part,I heard Graham over the weekend say this about Kagan,and it sounds like his mind is already
made up,and yes,I moved him up near the top of my Great
Grand Purge List!!
=============================================
28 Jun 2010 … “I will listen hard, to every party before the court and to each of my colleagues.” Kagan’s opening testimony marked the … Graham, however, said Kagan’s nomination wouldn’t change the balance of power on the court. …
Meaning it can`t get any more LIBERAL,can you say,
WTF,and really,are you that—————-TRUSTING,
Senator Lindsey Graham!!!!
http://www.foxnews.com/politics/2010/06/28/senate-panel-begins-kagan-supreme-court-hearing/
canopfor on July 5, 2010 at 11:40 PM
And I know
(I know, I know, I know, I know)
He will make me rich and happy
(rich, rich, happy, happy).
Money in his hair
Money everywhere
I love the Money Man
Oh, I don´t know just why
His Hope and Change simply catches my eye
I love the Money Man
He seems so generous and kind
He sweeps thoughts of $$$ into my mind
I know I have to say bravo
(bravo, bravo)
He smiles over at me
It’s as if he takes me by the hand
And we walk
To the bank alone
And I know
(I know, I know, I know, I know)
He will make me rich and happy
(rich, rich, happy, happy).
Money in his hair
Money everywhere!
Cheshire Cat on July 5, 2010 at 11:44 PM
rickyricardo on July 5, 2010 at 11:09 PM
===================
State farm insurance is tied to that group. Is State Farm a rent-seeker?
Inanemergencydial on July 5, 2010 at 11:39 PM
Inanemergencydial: Your just gonna love this!?
===================================================
Corporations in Action
Visit these corporate websites to find out more about how companies are taking initiatives related to diversity. Be sure to take a look at http://www.diversityinc.com to learn more about the many corporations with pro-active diversity programs.
———–
Business Leaders in Promoting Equality and Equal Opportunity
===========================================================
State Farm is the Principal Underwriter of the A Richer Life Campaign)
Diversity & Inclusion at State Farm®
http://www.statefarm.com/about/diversity/diversity.asp
======================================
http://www.aricherlife.org/corporations.html
canopfor on July 5, 2010 at 11:49 PM
This is not the Hope and Change you were looking for
Kini on July 5, 2010 at 11:51 PM
You should be so lucky. You will be scroomed.
Cheshire Cat on July 5, 2010 at 11:07 PM
Money everywhere!
Cheshire Cat on July 5, 2010 at 11:44 P
Cheshire Cat: You are,H/A’s poet,keep the good work up!
—-:)
canopfor on July 5, 2010 at 11:53 PM
Obama, the great job killer
Schadenfreude on July 5, 2010 at 11:53 PM
Obama Man Can
Kini on July 5, 2010 at 11:56 PM
And maybe even more depressing, Pamela Anderson probably is better at golf than he is even though he has been practicing so much more than her.
Luka on July 6, 2010 at 12:02 AM
Yep, it’s a depression.
forest on July 6, 2010 at 12:22 AM
You are not so bad yourself…
… Glad to have you on board.
Seven Percent Solution on July 6, 2010 at 12:22 AM
I was there too, hang in there. I was on the streets for almost a year & 1/2 & probably a month or 2 away from running out of UI benefits. Got a part-time job & 1 week into my training another of the 100+ places I applied at offered me the full-time job I have now. You’re right, it is demoralizing – just know that you’ve got talent & someone’s going to need it soon.
Mike in GB on July 6, 2010 at 12:37 AM
Diss-connected.
Speakup on July 6, 2010 at 12:38 AM
By the way…
Don’t forget that Jan. 01, 2011 ends President Bush’s tax cuts, and enables Obowma’s new distribution of wealth.
… I am sure that some of the details in the thousands of pages of laws we were never able to have read before voting on will also leave a sting.
That should help with the economy…
Seven Percent Solution on July 6, 2010 at 12:46 AM
Looks like I picked the right week to invest in soup kitchens…
/
Seven Percent Solution on July 6, 2010 at 12:47 AM
This is all tied to the fact that the government is using bailout and stimulus tax money as a slush fund to funnel back to these companies in return for these diversity/social engineering programs.
Reparations.
If Barack Obama has one big time talent, it’s his ability to never show his radical hand.
Alinsky style, it all goes on underneath the radar.
rickyricardo on July 6, 2010 at 12:51 AM
How the heck does Mr. Evans-Pritchard know what 1932 “felt” like? He was born in 1957. Maybe instead of piling on the BS in an already disastrous situation, he could have said, “Has similarities to,” or something along that line.
Drum on July 6, 2010 at 1:19 AM
Would you believe that you will get seventy virgins in the next life?
In case you were wondering, the blue dogs were promised a great economy right about now. I would love to hear the conversations in the Dem caucuses in the next month or so.
Ahhhhh…maybe they will get great appointments or jobs at GE or GM making unicorn powered flying houseboats. Our global warming sexy poodle Gore has one now. He is also so worried about the rising water that he bought a beach house in California. Seems he isn’t waiting for the next life.
I always respected Ralph Nader even when I disagreed with him. He lived like a monk.
I don’t like State Farm.
IlikedAUH2O on July 6, 2010 at 3:12 AM
Just a heads up for those with 401k’s, mutal funds stocks etc. the 1930′s depression saw a 90% loss in the DOw from it shigh before it ran its course. From 1929-1933. The DOW reached 14,500 at its peak before the crash in 2008. We are now at 9700ish. there is a long way to fall. And falls usally happen very quickly. I see DOw 3,000 as a possibility. It will get worse before it gets better. Obama and bush placed the SAME POLICES into effect as Hoover and FDR. Those polices gave us 15 years of depression and a world war.
remember also that the people in DC Obama/Bush the dems as well as the GOP establishment would rather we go through pain, misery, and poverty then they give up an ounce of power.
they care nothing for us, our families, nor our country. They only care about their power.
unseen on July 6, 2010 at 3:19 AM
Yeah, but at least back then they had better movies, music, manners, craftsmanship, neat toys, cool cars, most celebrities actually loved America…
Dr. ZhivBlago on July 6, 2010 at 4:42 AM
26% of the people cannot say who we declared our independence from.
A business has 100 job openings they cannot fill because part of their FIRM hiring criteria is that the applicant must be able to read and write at the 9TH GRADE LEVEL.
I just got a letter from my mortgage company, the third in 6 monds, offering to “refinance” my mortgage at 125% loan-to-value with NO CREDIT CHECK and NO INCOME VERIFICATION and NO ASSET VERIFICATION.
Credit default swap are STILL not regulated.
The EPA and NOAA (Fisheries Management) are DESTROYING what they were “supposed” to protect by blocking gulf clean-up efforts.
Our taxes are getting ready to increase SUBSTANTIALLY on January 1, 2011 while we are in a deep recession/depression.
A business man that gets wind his company is going to be “investigated” by congress would be prosecuted for selling his stock (insider trading) while the VERY CONGRESSMEN making the decision to do the investigation selling the very same stock for the very same reason, WOULD NOT.
I could go on for HOURS. The list of things needing corrected is very long and no one is even LOOKING AT THE LIST, let alone starting to fix them.
We have a very long road ahead.
CC
CapedConservative on July 6, 2010 at 5:27 AM
Maybe he asked his father or grandfather. My grandfather was born in 1923 and, while he generally doesn’t like to talk about those times, he still will talk about them if you ask him nicely enough.
There are still many people alive who went through The First Great Depression and who are now working their way through the second one.
You are aiming at a straw man here. Start debating the facts and stop attacking the messenger.
Theophile on July 6, 2010 at 6:12 AM
Yes!
cmsinaz on July 6, 2010 at 6:41 AM
I still have a good twenty years before I can even touch my 401k…here’s hoping for a brighter future!
cmsinaz on July 6, 2010 at 6:57 AM
Let’s be clear, this is a dempression.
Millions of Americans are unemployed because of the idiotic incompetence, corruption and all around utter worthlessness of the Democrat Party and leftwing ideas in general.
This is the slowest recovery in American history, because Americans elected an utter and complete jackass rather than a President.
Americans elected circus clowns to Congress and more importantly, to lead Congress.
Obama, Pelosi and Reid are hands down the worst leaders this country has had in all our history.
To bounce back, we need to make Obama, Pelosi and Reid history ASAP.
NoDonkey on July 6, 2010 at 7:40 AM
If the Bamster gets his way, the SEIU gets to touch it first.
After all, they’ve been such great stewards of their own pension fund.
VelvetElvis on July 6, 2010 at 7:44 AM
OxyCon on July 5, 2010 at 10:33 PM
Think how bad it would be without all those soldiers employed over there and the equipment being manufactured to support them. That is one part of government spending that is actually creating jobs.
txmomof6 on July 6, 2010 at 7:48 AM
You have money? hhhhmmmmmmm…just exactly WHERE is this money??????
You know many, many worthy people need money….
IlikedAUH2O on July 6, 2010 at 8:25 AM
Stale skills? Those that actually produce real goods.
Little prospect of finding meaningful work? In our region, current contracts to produce come from formerly third world foreign governments.
txmomof6 on July 6, 2010 at 7:48 AM
No irony lost on Eisenhower’s departure warning.
maverick muse on July 6, 2010 at 8:29 AM
What the “h” is wrong with corporations promoting diversity? All insurance carriers look for new markets. Diversity in the housing market, when applied responsibly, opens new markets for insurance carriers. Its called CAPITALISM. ‘Ya think SF, Allstate, NW, Progressive, etc limit their promotions to white, middle class, neighborhoods?
You can’t blame insurance carriers for the housing mess. They are simply taking a proactive approach to the obvious demographic trend in our country.
Geez!
jbh45 on July 6, 2010 at 8:56 AM
please noooooooooo!
cmsinaz on July 6, 2010 at 9:01 AM
This damned wrecked economy is out of hand. We need firm leadership.
/Italians circa 1920s
/Germans circa 1930s
/American liberals circa 2010
rbj on July 6, 2010 at 9:06 AM
I’m one of the 9.2 million too. I was so happy to have gotten a full-time consulting job right as I got my last unemployment check last November. But now that’s gone too and I got nothing.
There is most certainly a double-dip recession in mortgage lending. Business is off “unexpectedly” by almost half in the first half of this year from last year. Companies are dumping consultants, canceling raises and travel, and everything else they can cut. My employer told me that if business picks up they will call me back, but I don’t see it picking up at all.
Mortgage rates are the lowest they have been since 1971! But nobody can buy a house or refinance because nobody has a job. And lenders can see a gigantic fireball of new regulation and lawsuits heading their way, thanks to Barney Frank, Chris Dodd, and Barack Obama.
A million jobs have been lost in financial services, mostly white collar jobs with good salaries and benefits. They are not coming back. What do you do next if you have been in financial services for 25 years?
rockmom on July 6, 2010 at 9:16 AM
cmsinaz on July 6, 2010 at 6:57 AM
As if any such fund as 401K will be around much longer, or even that the dollar won’t suffer devaluation.
This is the potus whose first unstopped move was to break contract law from the Oval Office.
Whether it’s for ObamaCare or simply to disappear directly into others’ pockets, Obama has no compunction to leave any public funds untouched. His entire professional history in Chicago was to personally abscond LEGALLY with tax funds appropriated for public works projects. Altgeld Gardens should have rung the public warning bell prior to the 2008 election. But Malkin’s HotAir et al. were not interested in critical analysis of Obama’s controversial personal/professional history, though Obama’s crooked record was posted, referenced by Stephen Diamond as “pinstripe crime”. Irony there being that Diamond has posted since @ Huffington, and his blog no longer has public access. Upon Obama’s election, Diamond cleansed his own academic bibliography prior to Oct. 2008. But the Boston Globe includes the assessment by Obama’s Altgeld successor, admitting the basic convolution in logic: the local job was so impossible to accomplish, that Obama had to move on to the global realm in order to address problems from on high.
Obama’s only professional ability rests in raiding public funds for his own profit, particularly preying on the most defenseless, whether the unborn or the poorest of our elderly. That power to usurp has augmented according to his administration with Congress and Att.Gen.Holder to overwhelm American industry, our economy, states rights, and the inner essence of citizenship.
The sooner Obama’s loyal opposition impeaches Obama on bribery and removes his federal enablers from government, the better–so long as the loyal opposition doesn’t simply usurp the corruption of power for their own to abuse.
Smaller government begins with Congress rescinding all of the Marxist bureaucratic augmentations. Shock and awe with US citizen voter turnout.
maverick muse on July 6, 2010 at 9:19 AM
First, labor was displaced as stale. At this point, those who understand the economy and know financing are displaced as stale to make way for the current revisionism from America as sovereign state/nation assimilating into the globalized New World Order. What to do next to fit in with whom?
maverick muse on July 6, 2010 at 9:25 AM
We will win in November, but by then the climb out will be long and difficult.
This could have been over 12 months ago, with just a few simple adjustments, and riding out the cycle.
But now it is so much worse, and so many things put in place to make it worse…I am afraid this is going to be a difficult few years, and one election in November will just be a start.
right2bright on July 6, 2010 at 9:36 AM
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