Weekly jobless claims above 380K for second week

posted at 9:21 am on April 19, 2012 by Ed Morrissey

As if the Obama administration didn’t have enough problems with economic indicators, the Department of Labor gave them another headache.  The upward spike two weeks ago in initial jobless claims doesn’t look like a fluke:

In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending April 7, unchanged from the prior week’s unrevised rate of 2.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 7 was 3,297,000, an increase of 26,000 from the preceding week’s revised level of 3,271,000. The 4-week moving average was 3,317,750, a decrease of 21,500 from the preceding week’s revised average of 3,339,250.

Officially, the number of initial weekly jobless claims fell last week by 2,000 — but to 386,000 claims, which is 6,000 above the level announced last week.  That number got revised this week, but the real story is in the 4-week rolling average.  Just three or four weeks ago, that number was in the 360K range.  Now it’s close to 375K, roughly the same level as last spring’s stagnant economic conditions.

Reuters headlines the drop, but reports on the disappointing results:

New U.S. claims for unemployment benefits fell less than expected last week, according to a government report on Thursday that could dampen hopes of a pick-up in job creation in April after March’s slowdown.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 386,000, the Labor Department said. The prior week’s figure was revised up to 388,000 from the previously reported 380,000.

The four-week moving average for new claims, considered a better measure of labor market trends, rose 5,500 to 374,750.

Economists polled by Reuters had forecast claims falling to 370,000 last week.

Their economists had bet that last week’s results were an outlier, which wasn’t an unreasonable assumption.  This, however, looks like an upward movement in job churn, not a good sign for overall employment.  It’s interesting that we’re seeing that now rather than last month, where jobless reports ran in the mid-360Ks but job creation got stymied at only 120,000 for the month.  If this indicator continues at the mid-380K level or starts rising above it, April’s jobs report may make March look positively cheery.


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Forgot to mention we had a record 52 months of job growth and a record high stock market during those bleak times of the Bush Presidency. All BEFORE Democrats took over the check book.

Wagthatdog on April 19, 2012 at 10:10 AM

Sure job growth in building, buying, selling and refinancing houses that nobody ever lived in. That’s what the economy of the mid 2000s was. Then reality set in, you can’t build, buy, sell and refinance the same house over and over.

angryed on April 19, 2012 at 10:11 AM

DaveDief on April 19, 2012 at 10:00 AM

Cantor has a new bill prepared, but The Emperor Zero has already promised to veto it. The bill provides for a 20% tax break for small business. Since these small businesses pay no tribute to The Emperor Zero he will devote his attention to his last election and companies like Solyndra and A123.

The solution cannot simply be to wait it out.

And even then, the fiscal crisis is going to hit before Romney is sworn in (Bush tax cuts expire, debt ceiling mess, etc..)

milcus on April 19, 2012 at 10:02 AM

What else can people do? Zero, working with House and Senate democrats are the principal roadblock to putting us all back to work. They are more interested in getting Zero re-elected than putting people back to work.

You are correct. In addition to the contraction and possible complete collapse of the economy, in January next year, Taxageddon will hit.

Meanwhile the administration of The Emperor Zero partays like there’s no tomorrow. On the taxpayer’s dime.

dogsoldier on April 19, 2012 at 10:12 AM

Where do you buffoons get 88 million people out of work? The entire workforce is ~140M. The Sarah Palinization of the GOP continues, getting stupider and more uninformed by the minute.

angryed on April 19, 2012 at 10:00 AM

Actually, the workforce 154m out of 242m adults. The number of adults not in the labor force happens to be 88m. Meanwhile, 13m are considered “unemployed”. You know, only the folks they count.

It’s all semantics.

But out of 242m adults in America, 88m don’t work. For one reason or another. Could be by their choice (like Ann Romney) or due to the fact they can’t find a job outside of government work.

ButterflyDragon on April 19, 2012 at 10:13 AM

Then reality set in, you can’t build, buy, sell and refinance the same house over and over.

angryed on April 19, 2012 at 10:11 AM

Don’t forget the building boom in “McMansions”! And on top of that, Democrats started pressuring for loans to minorities with no way to repay them. It was a wicked soup.

MelonCollie on April 19, 2012 at 10:13 AM

It was based on a tech bubble. More specifically the dot-com bubble. Bush not only got hit with that bursting, but with Clinton’s refusal to take Osama when he was offered on a silver platter. And added a few f*ck-ups of his own to boot.

MelonCollie on April 19, 2012 at 10:11 AM

I’ll take the tech bubble over a housing bubble. The tech bubble created the infrastructure we use today. What did the housing bubble create? Millions of decaying homes that nobody will ever buy.

angryed on April 19, 2012 at 10:13 AM

Bush had 9/11, Katrina, internet bubble burst, housing crisis, financial meltdown due to Democrats giving everybody houses and still averaged 5% unemployment.

Obama had ATMs….

Wagthatdog on April 19, 2012 at 10:14 AM

Balanced budget, 3.5% unemployment. Yeah that sucked.

angryed on April 19, 2012 at 10:08 AM

So let me get this straight. You fault Bush for his economic growth built on a housing bubble, yet you give Clinton a pass for his economic growth which was built on the dot-com bubble?

Doughboy on April 19, 2012 at 10:14 AM

In the last 10 minutes, they “readjusted” last week’s numbers from 380,000 up to 388,000 to make it look like there was a drop this week.

How do they continuously get away with this??? I have the screen prints to prove it.

stenwin77 on April 19, 2012 at 9:50 AM

I have all the links. See here.

Chris of Rights on April 19, 2012 at 10:14 AM

Not a big worry – this seems to be a temporary spike, and we’re not concerned that first time claims are heading significantly higher. Housing data was mixed, but we like the drop in inventory and the increase median prices. Philly Fed mirrored the drop in Empire State manufacturing, but again these are volatile numbers that may be seasonal. We liked the leading economic indicators report (highest level since June 2008), too. All things considered, nothing too surprising this morning … we expect good growth for 1Q12, followed by a slight slowdown this Summer. We are particularly happy to see that gas prices may have peaked, and appear to be heading down – that will help the economy over the coming months.

TouchdownBuddha on April 19, 2012 at 10:14 AM

angryed, I didn’t cite the stat but I’ll link to an article since your google seems to be broken:
 

“meantime millions have been added to the black-hole category of “Not In the Labor Force” — people who are so discouraged that they are not looking for work. That number is at an all-time high: 88 million. Thus the labor force participation rate, at under 64%, is lower than it’s been in 30 years.”

 
We’re an unusually generous bunch, so let us know if you need anything else googled.

rogerb on April 19, 2012 at 10:15 AM

But out of 242m adults in America, 88m don’t work. For one reason or another. Could be by their choice (like Ann Romney) or due to the fact they can’t find a job outside of government work.

ButterflyDragon on April 19, 2012 at 10:13 AM

And how many didn’t work in 2008? You’re making it sound like in 2008 all 242M worked then on Jan 21, 2009 88 million stopped working.

And hold on, I thought being a bored housewife stay at home Saint Mom, was virtuous and to be celebrated. Now you’re lamenting the fact she’s at home and not working. Make up your minds.

angryed on April 19, 2012 at 10:15 AM

Wagthatdog on April 19, 2012 at 10:14 AM

+1

Chris of Rights on April 19, 2012 at 10:15 AM

Doughboy on April 19, 2012 at 10:05 AM

MelonCollie on April 19, 2012 at 10:07 AM

…Can you help us play a game…where we can all see if we can just get this sumb dhit to just post to itself? Thanks!

KOOLAID2 on April 19, 2012 at 10:17 AM

Balanced budget, 3.5% unemployment. Yeah that sucked.

angryed on April 19, 2012 at 10:08 AM

and who controlled Congress?

Didn’t know a President could balance a budget and if you like balanced budgets you’re on the wrong side. Republicans have tried to get that passed several times and Dems block it.

Wagthatdog on April 19, 2012 at 10:17 AM

And how many didn’t work in 2008?

angryed on April 19, 2012 at 10:15 AM

In January, 2009, that number was just over 81 million. In November, 2008, it was just over 79.5 million.

See here.

Chris of Rights on April 19, 2012 at 10:17 AM

Where do you buffoons get 88 million people out of work?

angryed on April 19, 2012 at 10:00 AM

The Bureau of Labor Statistics dumb ass, thats where. Go look it up. 88 Million are no longer in the workforce.

dogsoldier on April 19, 2012 at 10:17 AM

ButterflyDragon on April 19, 2012 at 10:13 AM

And here is the link from the US government showing that there is an all-time high number of eighty-eight million adults in the US who are not counted as part of the labor force, and therefore are not counted in unemployment estimates: http://research.stlouisfed.org/fred2/series/LNS15000000

MidniteRambler on April 19, 2012 at 10:18 AM

Balanced budget, 3.5% unemployment. Yeah that sucked.

angryed on April 19, 2012 at 10:08 AM

You must love Newt!

Wagthatdog on April 19, 2012 at 10:19 AM

Sure job growth in building, buying, selling and refinancing houses that nobody ever lived in. That’s what the economy of the mid 2000s was. Then reality set in, you can’t build, buy, sell and refinance the same house over and over.

angryed on April 19, 2012 at 10:11 AM

With 5 trillion in new debt the Obamony should be HUMMING!!!

But, oh non believers, despite the uptick in jobless claims, I am sure unemployment will break, oh, say 7.9%. It’s a nice, round, believable number.

WryTrvllr on April 19, 2012 at 10:19 AM

So let me get this straight. You fault Bush for his economic growth built on a housing bubble, yet you give Clinton a pass for his economic growth which was built on the dot-com bubble?

Doughboy on April 19, 2012 at 10:14 AM

Not so much fault/pass. Look at what the bubbles produced long term.

Housing Bubble: millions of unwanted decaying houses

Tech Bubble: infrastructure for web 2.0. Without the 90s tech boom Google, Facebook, Twitter, etc wouldn’t exist today

angryed on April 19, 2012 at 10:19 AM

And how many didn’t work in 2008? You’re making it sound like in 2008 all 242M worked then on Jan 21, 2009 88 million stopped working.

And hold on, I thought being a bored housewife stay at home Saint Mom, was virtuous and to be celebrated. Now you’re lamenting the fact she’s at home and not working. Make up your minds.

angryed on April 19, 2012 at 10:15 AM

Actually, I’m not making it sound like anything.

Those are the facts.

I know they suck for you because they don’t agree with your reality, but it is what it is.

ButterflyDragon on April 19, 2012 at 10:19 AM

You must love Newt!

Wagthatdog on April 19, 2012 at 10:19 AM

I do. Clinton and Newt did great things for the country which were squandered by Bush in the blink of an eye.

angryed on April 19, 2012 at 10:19 AM

Which party was it that was sounding the alarm bells about the housing market during the middle part of the last decade and which party was it that ignored those concerns and even played the race card to deflect any attempt to reform Fannie and Freddie?

Doughboy on April 19, 2012 at 10:05 AM

I think Idioted is talking about the housing bubble that Barack Obama himself created back in 1994 when he sued CitiBank and forced them to make unsecured housing loans to people who couldn’t afford the payments.

SWalker on April 19, 2012 at 10:20 AM

Sure job growth in building, buying, selling and refinancing houses that nobody ever lived in. That’s what the economy of the mid 2000s was. Then reality set in, you can’t build, buy, sell and refinance the same house over and over.

angryed on April 19, 2012 at 10:11 AM

Damn ATMs

Wagthatdog on April 19, 2012 at 10:20 AM

I’ll take the tech bubble over a housing bubble. The tech bubble created the infrastructure we use today. What did the housing bubble create? Millions of decaying homes that nobody will ever buy.

angryed on April 19, 2012 at 10:13 AM

and money to buy the tech

WryTrvllr on April 19, 2012 at 10:20 AM

The Bureau of Labor Statistics dumb ass, thats where. Go look it up. 88 Million are no longer in the workforce.

dogsoldier on April 19, 2012 at 10:17 AM

They all got the memo from Rush and Ann Romney. They’re bored housewives Stay At Home Moms.

angryed on April 19, 2012 at 10:21 AM

rogerb on April 19, 2012 at 10:15 AM

…can you help us play the game?
It’s not a drinking game…but when you see that name…ignore it and see what happens when it starts posting to itself. Might be fun!

KOOLAID2 on April 19, 2012 at 10:21 AM

So let me get this straight. You fault Bush for his economic growth built on a housing bubble, yet you give Clinton a pass for his economic growth which was built on the dot-com bubble?

Doughboy on April 19, 2012 at 10:14 AM

Not only that but they give credit to Clinton for something he can’t do, balance a budget.

Wagthatdog on April 19, 2012 at 10:21 AM

Tech Bubble: infrastructure for web 2.0. Without the 90s tech boom Google, Facebook, Twitter, etc wouldn’t exist today

angryed on April 19, 2012 at 10:19 AM

You obviously don’t understand the .com boom.

It had nothing to do with the infrastructure of the internet or technology itself.

It was the .com boom.

All these insane IPO’s because everyone thought every .com that popped up into existence was going to be the next Microsoft or Apple.

The technology itself didn’t cause the boom.

ButterflyDragon on April 19, 2012 at 10:21 AM

WryTrvllr on April 19, 2012 at 10:20 AM

…can you help us play the game?

KOOLAID2 on April 19, 2012 at 10:22 AM

@angryred:

Along with a housing bubble on the verge of bursting. That’s the great legacy of Bush’s “Ownership Society”.

Bzzzzt. Wrong.

Community reinvestment act- initiated by Carter. Blown up by Clinton. Reform of same blocked by Dudd/Fwank, et al under guise of “racism”.

Troll FAIL.

GrassMudHorsey on April 19, 2012 at 10:23 AM

They all got the memo from Rush and Ann Romney. They’re bored housewives Stay At Home Moms.

angryed on April 19, 2012 at 10:21 AM

Wow! Rush Limbleaugh and Ann Wrongney can influence government organizations so directly? They have more power than I thought!

Oh wait, they can’t, and you’re a whiny little bitchcake.

MelonCollie on April 19, 2012 at 10:23 AM

ButterflyDragon on April 19, 2012 at 10:19 AM

…can you help us play the game? (:>) Thanks!

KOOLAID2 on April 19, 2012 at 10:23 AM

Still and all, baraka must be dog tired, getting hounded by all this bad news.

It must be downright terrierfying for that pupsqueak.

GrassMudHorsey on April 19, 2012 at 10:25 AM

Community reinvestment act- initiated by Carter. Blown up by Clinton. Reform of same blocked by Dudd/Fwank, et al under guise of “racism”.

Troll FAIL.

GrassMudHorsey on April 19, 2012 at 10:23 AM

Bush ran his campaign in 2004 on the Ownership Society. As in everybody who wants a house can have one. How quickly you forget.

angryed on April 19, 2012 at 10:25 AM

But out of 242m adults in America, 88m don’t work. For one reason or another. Could be by their choice (like Ann Romney) or due to the fact they can’t find a job outside of government work.

ButterflyDragon on April 19, 2012 at 10:13 AM

college. But then angry doesn’t understand math it seems.

and as for the .com boom. 5 buck angry is 25 yrs or yuonger so has no clue about it.

upinak on April 19, 2012 at 10:25 AM

Not so much fault/pass. Look at what the bubbles produced long term.

Housing Bubble: millions of unwanted decaying houses

Tech Bubble: infrastructure for web 2.0. Without the 90s tech boom Google, Facebook, Twitter, etc wouldn’t exist today

angryed on April 19, 2012 at 10:19 AM

You must be getting dizzy from the spin. Why was a bubble necessary for a search engine like Google to come into existence? That would’ve happened on its own in due time. Same with Facebook. It’s just a social networking site created by a kid in his college dorm room. Twitter is a glorified message board the likes of which I was using back in the mid-90′s when I was logging onto my Prodigy account using dial-up.

Doughboy on April 19, 2012 at 10:25 AM

I do. Clinton and Newt did great things for the country which were squandered by Bush in the blink of an eye.

angryed on April 19, 2012 at 10:19 AM

The blink of an eye started in 2007 though. Again, Democrats inhertied 4.6% unemployment, something we may never see again.

Wagthatdog on April 19, 2012 at 10:26 AM

You obviously don’t understand the .com boom.

It had nothing to do with the infrastructure of the internet or technology itself.

It was the .com boom.

All these insane IPO’s because everyone thought every .com that popped up into existence was going to be the next Microsoft or Apple.

The technology itself didn’t cause the boom.

ButterflyDragon on April 19, 2012 at 10:21 AM

This may be the dumbest thing I’ve ever read. But I’ve come to learn not to expect too much intelligent thought from flyover country.

angryed on April 19, 2012 at 10:26 AM

Bush ran his campaign in 2004 on the Ownership Society. As in everybody who wants a house can have one. How quickly you forget.

angryed on April 19, 2012 at 10:25 AM

it was also based on personal responsibility. moron.

upinak on April 19, 2012 at 10:26 AM

Community reinvestment act- initiated by Carter. Blown up by Clinton. Reform of same blocked by Dudd/Fwank, et al under guise of “racism”.

Troll FAIL.

GrassMudHorsey on April 19, 2012 at 10:23 AM

CRA, CitiBank sued by none other than Barack Obama in 1994 and forced to make the unsecured loans that caused the housing bubble in the first place.

SWalker on April 19, 2012 at 10:26 AM

Actually 2008, they had a full year to fix things before the wheels fell off.

Wagthatdog on April 19, 2012 at 10:27 AM

This link is broken, I’ve stumbled onto the angryed thread.

NoDonkey on April 19, 2012 at 10:27 AM

…can you help us play the game? (:>) Thanks!

KOOLAID2 on April 19, 2012 at 10:23 AM

No. I refuse to have someone cite incorrect information and then just ignore it.

Other people read these comment sections (and are unable to comment) and if they don’t see these fallacies knocked down, could actually believe the incorrect information and then go repeating it.

I refuse to bow down to leftist propaganda for the sake of appeasing them. That’s how they’ve won the cultural wars for the last 60 years.

ButterflyDragon on April 19, 2012 at 10:27 AM

This may be the dumbest thing I’ve ever read. But I’ve come to learn not to expect too much intelligent thought from flyover country.

angryed on April 19, 2012 at 10:26 AM

so… in other words, you don’t actually read your own comments before posting them.

SWalker on April 19, 2012 at 10:27 AM

The blink of an eye started in 2007 though. Again, Democrats inhertied 4.6% unemployment, something we may never see again.

Wagthatdog on April 19, 2012 at 10:26 AM

Flyover country understanding of the economy is as bad as your understanding of technology infrastructure.

What else did Rush and Sean tell you about it?

angryed on April 19, 2012 at 10:28 AM

and as for the .com boom. 5 buck angry is 25 yrs or yuonger so has no clue about it.

upinak on April 19, 2012 at 10:25 AM

I’m about that age and I remember it. But then, I understood enough about the tech to see the foolishness that everyone with a pulse and a website was supposed to be the Next Big Thing.

MelonCollie on April 19, 2012 at 10:29 AM

This may be the dumbest thing I’ve ever read. But I’ve come to learn not to expect too much intelligent thought from flyover country.

angryed on April 19, 2012 at 10:26 AM

Thank you, I had no doubts you considered truth and facts as “dumb”.

You live in a fantasy world with made up reasoning and alternate realities that don’t match up to anyone else except your other far left friends living in your bubble.

You should really educate yourself on matters before attempting to speak to them.

ButterflyDragon on April 19, 2012 at 10:29 AM

MelonCollie on April 19, 2012 at 10:29 AM

There is a difference in understanding and pretending to know. It is obvious that angry is pretending. I was living in Seattle during the bust…. I remember it well.

upinak on April 19, 2012 at 10:30 AM

I’m about that age and I remember it. But then, I understood enough about the tech to see the foolishness that everyone with a pulse and a website was supposed to be the Next Big Thing.

MelonCollie on April 19, 2012 at 10:29 AM

And how do you think all those websites operated? Behind the scenes there was billions of investment in fiber optics. There were new languages developed like Perl, ASP, XML. There were new protocols developed and/or advanced. All that didn’t go away because NASDAQ dropped 60%. It kept building on itself. And when the dust settled, Web 2.0 was able to use all the technology/infrastructure built during the bubble.

Now compare that to the housing bubble. What lasting legacy will 10 million empty homes provide?

angryed on April 19, 2012 at 10:32 AM

There is a difference in understanding and pretending to know. It is obvious that angry is pretending. I was living in Seattle during the bust…. I remember it well.

upinak on April 19, 2012 at 10:30 AM

As a Californian I also remember it extremely well.

SWalker on April 19, 2012 at 10:32 AM

Facebook, Twitter, etc wouldn’t exist today

angryed on April 19, 2012 at 10:19 AM

Can you tell the folks here how Facebook and Twitter have increased worker productivity and new jobs?

The ‘social networks’ and twitter have been turned off, as in blocked, in many companies because it has caused a significant decrease in productivity. I work in the ‘software consulting’ business and almost all of the clients I work with have those sites blocked because too many employees spend hours “keeping current” with friends and family, on company time.

belad on April 19, 2012 at 10:33 AM

This is an issue that Romney needs to make very personal. All he has to do at an event is ask, “How many of you are unemployed or underemployed or know someone who is?” And then, “How many of you know someone who has actually landed a decent job, one which uses his/her skills and education in the last 3 years?” And “How many of you know someone who has been out of work for longer than six months?”

Numbers DO lie, especially when there’s a bureaucracy willing to cook the books, but those of us who actually live in the real world know: our recent college graduate kids and their friends are unemployed or working dead-end jobs and we know heads of families who have been looking for work for a very long time.

It’s like inflation. Obama’s goons says there isn’t any. Those of us who drive a car and eat know better. Romney needs to start breaking this stuff down into personal numbers.

Portia46 on April 19, 2012 at 10:33 AM

Obama’s goons SAY (not says)…sorry

Portia46 on April 19, 2012 at 10:34 AM

And how many didn’t work in 2008?

angryed on April 19, 2012 at 10:15 AM

In January, 2009, that number was just over 81 million. In November, 2008, it was just over 79.5 million.

See here.

Chris of Rights on April 19, 2012 at 10:17 AM

Number employed is even worse.

Now: 139,764,000
January, 2009: 140,436,000
November, 2008: 145,543,000

6 million jobs lost in absolute numbers since the day 59 million of you idiots decided that putting a know nothing neophyte in the White House was a good idea.

And that doesn’t even count the number of people that should have entered the job force in the last 3 1/2 years due to population growth. If you include that, we’re short between 15-20 million from where we should be based upon November, 2008 numbers.

This isn’t economic growth. It’s economic destruction.

Chris of Rights on April 19, 2012 at 10:35 AM

Can you tell the folks here how Facebook and Twitter have increased worker productivity and new jobs?

The ‘social networks’ and twitter have been turned off, as in blocked, in many companies because it has caused a significant decrease in productivity. I work in the ‘software consulting’ business and almost all of the clients I work with have those sites blocked because too many employees spend hours “keeping current” with friends and family, on company time.

belad on April 19, 2012 at 10:33 AM

By that logic, Disneyland doesn’t produce any jobs either since nobody can be at Disneyland while working. How about all of Hollywood, are those jobs real, after all you can’t watch a movie while at work?

You people amaze me with your simpleton thinking skills.

angryed on April 19, 2012 at 10:35 AM

ButterflyDragon on April 19, 2012 at 10:27 AM

…if it only talks to itself…how long will it last?
It’s like the MSM…if we all don’t support their BS…they go out of business. When we don’t watch their talk shows…they are soon gone…when we don’t listen to their talk shows…they are not on the air anymore…same thing with a misfit moby!

KOOLAID2 on April 19, 2012 at 10:36 AM

Other people read these comment sections (and are unable to comment) and if they don’t see these fallacies knocked down, could actually believe the incorrect information and then go repeating it.
 
I refuse to bow down to leftist propaganda for the sake of appeasing them. That’s how they’ve won the cultural wars for the last 60 years.
 
ButterflyDragon on April 19, 2012 at 10:27 AM

 
I’m leaning this way, too. It’s an election year and people are looking at political sites they’ve heard about on the radio or other links to get some information while commercials are playing on American Idol.
 
I didn’t know about the 88 million number and where it came from, and I consider myself fairly well informed. I think there are some immature and insulting posts, but those numbers and where they came from were valid points to be countered.
 
That said, I think that was my first (and last) time to ever respond to ed. I’d always thought his posts were just anti-Palin craziness. I’m not sure what has changed to broaden it to flyover country insults. Maybe that Obama stands a decent chance of defeat?

rogerb on April 19, 2012 at 10:37 AM

As a Californian I also remember it extremely well.

SWalker on April 19, 2012 at 10:32 AM

You remember it well but you never understood it to begin with. You thought the tech boom of the 90s was all about pets.com and IPOs. That was one byproduct of it in the financial sector. And that’s what got all the headlines. It was the boring, mundane stuff that nobody covered in Time or on CNBC that mattered. And the boring and mundane stuff is still here 15 years later.

angryed on April 19, 2012 at 10:39 AM

You people amaze me with your simpleton thinking skills.

angryed on April 19, 2012 at 10:35 AM

where have I heard this before? hmmmmmm

upinak on April 19, 2012 at 10:40 AM

I’d always thought his posts were just anti-Palin craziness. I’m not sure what has changed to broaden it to flyover country insults. Maybe that Obama stands a decent chance of defeat?

rogerb on April 19, 2012 at 10:37 AM

More like he’s getting his butt kicked up and down main street by just about every significant poster.

MelonCollie on April 19, 2012 at 10:40 AM

SWalker on April 19, 2012 at 10:27 AM

belad on April 19, 2012 at 10:33 AM

Chris of Rights on April 19, 2012 at 10:35 AM

…can you help us play the game?… Better than wasting your time!

KOOLAID2 on April 19, 2012 at 10:41 AM

where have I heard this before? hmmmmmm

upinak on April 19, 2012 at 10:40 AM

Listening to a Sarah Palin speech?

angryed on April 19, 2012 at 10:41 AM

…can you help us play the game?

KOOLAID2 on April 19, 2012 at 10:22 AM

Not yet, because this graph is my FAVORITE:

http://www.zerohedge.com/news/times-three-thats-how-much-bls-upwardly-fudges-data-during-election-year

OK. Now I’ll play, but when all the trolls go, this place will be an echo chamber.

WryTrvllr on April 19, 2012 at 10:41 AM

Flyover country understanding of the economy is as bad as your understanding of technology infrastructure.

What else did Rush and Sean tell you about it?

angryed on April 19, 2012 at 10:28 AM

That’s it, Ed. You don’t need that silly costume any more. Now drop to your knees and start servicing your child-king.

Chuck Schick on April 19, 2012 at 10:42 AM

Obama steps in dog sh*t again…

PatriotRider on April 19, 2012 at 10:43 AM

upinak on April 19, 2012 at 10:40 AM

…there’s smarter trolls to play with!…don’t you want to help play the game and see how crazy this one will get?

KOOLAID2 on April 19, 2012 at 10:44 AM

What lasting legacy will 10 million empty homes provide?

Cheap and affordable housing, if the free market is allowed to function without interference.

MidniteRambler on April 19, 2012 at 10:44 AM

You remember it well but you never understood it to begin with. You thought the tech boom of the 90s was all about pets.com and IPOs. That was one byproduct of it in the financial sector. And that’s what got all the headlines. It was the boring, mundane stuff that nobody covered in Time or on CNBC that mattered. And the boring and mundane stuff is still here 15 years later.

angryed on April 19, 2012 at 10:39 AM

You are a moron studying to be an imbecile and failing miserably. In the 90′s I was a Cisco Certified Network Administrator. I know more about the infrastructure underlying the Internet then you can imagine.

SWalker on April 19, 2012 at 10:44 AM

angryed on April 19, 2012 at 10:39 AM

Awwwww…. you went to wikipedia and looked it up after you got thrashed for your misunderstanding, huh?

A simple apology would have sufficed, don’t attempt to spin it now.

I’m not sure what has changed to broaden it to flyover country insults. Maybe that Obama stands a decent chance of defeat?

rogerb on April 19, 2012 at 10:37 AM

Ed is freaking out and in meltdown mode just like every other Democrat in the country. They know Obama doesn’t have a snowball’s chance in hell of getting reelected. So this is their tantrum being throw in advance. The realization has dawned on them that the party is over and the dreams of their socialist utopia are all but over.

They’re just cheering for some lame duck awesomeness now. We need to make sure we stay vigilant during that lame duck period because Obama will try to circumvent Congress and the courts every step of the way to impose his policy via executive fiat.

ButterflyDragon on April 19, 2012 at 10:44 AM

More like he’s getting his butt kicked up and down main street by just about every significant poster.

MelonCollie on April 19, 2012 at 10:40 AM

notice what I posted on something he/she/it said. Can we say has been banned before? Probably has many names?

upinak on April 19, 2012 at 10:45 AM

Chuck Schick on April 19, 2012 at 10:42 AM

Chuck!…you for sure I thought would like the game!

KOOLAID2 on April 19, 2012 at 10:46 AM

…there’s smarter trolls to play with!…don’t you want to help play the game and see how crazy this one will get?

KOOLAID2 on April 19, 2012 at 10:44 AM

how about you post to angry refute arguments? It would help the cause and help those who read HA who may actually believe angrymorons arguments?

upinak on April 19, 2012 at 10:46 AM

BTW, the “flyover country” and “simpleton thinking” bits are just gravy.
 
Lurkers aren’t stupid. They know that insults are no substitute for facts, and they also know they’re not used by someone who is intelligent, correct, and confident.

rogerb on April 19, 2012 at 10:47 AM

because Obama will try to circumvent Congress and the courts every step of the way to impose his policy via executive fiat.

ButterflyDragon on April 19, 2012 at 10:44 AM

And how exactly will that differ from Obama’s first 3 years in office?

SWalker on April 19, 2012 at 10:47 AM

That’s it, Ed. You don’t need that silly costume any more. Now drop to your knees and start servicing your child-king.

Chuck Schick on April 19, 2012 at 10:42 AM

He would but it’s HondaV65 turn today.

HumpBot Salvation on April 19, 2012 at 10:47 AM

SWalker on April 19, 2012 at 10:44 AM

…too complicated for it to fathom…that’s why we should play the game.

KOOLAID2 on April 19, 2012 at 10:47 AM

More like he’s getting his butt kicked up and down main street by just about every significant poster.

MelonCollie on April 19, 2012 at 10:40 AM

You: 88 million people are unemployed due to Onama
Me: No they’re not, that would mean unemployment is 60%
You: I totally kicked his butt

angryed on April 19, 2012 at 10:49 AM

Ed is freaking out and in meltdown mode just like every other Democrat in the country. They know Obama doesn’t have a snowball’s chance in hell of getting reelected.
ButterflyDragon on April 19, 2012 at 10:44 AM

Right you are!!!

angryed on April 19, 2012 at 10:50 AM

And how exactly will that differ from Obama’s first 3 years in office?

SWalker on April 19, 2012 at 10:47 AM

Touché!

You are correct. But what he’s done so far is small potatoes. He will go big and go bold during his lame duck period.

Expect some kind of student loan amnesty. Some kind executive order stating gay marriage will be recognized by federal agencies. I also expect a huge amnesty for illegals.

The man’s narcissism will not allow him to leave office any other way.

ButterflyDragon on April 19, 2012 at 10:51 AM

Shaking in my boots…

President Obama holds a 4-point lead over presumptive Republican presidential nominee Mitt Romney, according to a new national survey released Thursday by Quinnipiac University.

President Obama is the choice of 46 percent of voters, versus 42 percent for Romney, a lead largely built on the fact that Obama is considered an extremely likable candidate. More than eight in 10 Americans say the president is likable, compared to just 63 percent for Romney.

angryed on April 19, 2012 at 10:52 AM

The man’s narcissism will not allow him to leave office any other way.

ButterflyDragon on April 19, 2012 at 10:51 AM

I expect that and more. he is going to be like a disgruntled worker, who does everything to sabotage a business because he didn’t think the business treated him “fairly”.

upinak on April 19, 2012 at 10:53 AM

The man’s narcissism will not allow him to leave office any other way.

ButterflyDragon on April 19, 2012 at 10:51 AM

If congress had any testicular fortitude his narcissism would end in his leaving 1600 Pennsylvania Ave in handcuffs.

SWalker on April 19, 2012 at 10:53 AM

upinak on April 19, 2012 at 10:46 AM

…because upinak it just fires rounds in the air on every thread it takes over not hitting anything…read over this thread at the end of the day and see how your idea of refuting nonsense is going…SOS…same results every day.

KOOLAID2 on April 19, 2012 at 10:54 AM

Right you are!!!

angryed on April 19, 2012 at 10:50 AM

Hahahahahahaha

Thanks for the laugh.

Intrade. Really?

That’s where you get your predictive analysis?

Ay Dios mio.

ButterflyDragon on April 19, 2012 at 10:54 AM

I expect that and more. he is going to be like a disgruntled worker, who does everything to sabotage a business because he didn’t think the business treated him “fairly”.

upinak on April 19, 2012 at 10:53 AM

Translation: He’s uppity and doesn’t know his place.

angryed on April 19, 2012 at 10:55 AM

KOOLAID2 on April 19, 2012 at 10:54 AM

How long have you been at hotair again>

This isn’t my, nor ButterflyDragons, nor SWalkers first rodeo with trolls.

*rolls eyes*

upinak on April 19, 2012 at 10:56 AM

Oh Yeah. Regarding those software firms destined to be the new driver of the economy:

http://royal.pingdom.com/2011/01/17/internet-companies-with-few-employees-but-millions-of-users/

WryTrvllr on April 19, 2012 at 10:57 AM

As annoying as trolls are, even knowing that they derive pleasure from the responses they get, thereby encouraging their activity, I’ve got to agree with Butterfly Dragon.

If we take the easy path and ignore trolls, their lies go unchallenged.

For instance, on page 1 of these comments the current troll (or rather, their current avatar) was engaged in some flat-earth denial of the fact that there are eighty-eight million adults in the US who are not counted in unemployment statistics.

If we ignored the current troll, his/her lie would still be out there un-challenged. As is, the current troll had to drop that lie when it was exposed, and now pretends it never happened.

Here is the link again, based on statistics from 0bama’s own Department of Labor, that shows eighty-eight million adults in the US are no longer counted as part of the labor force.

http://research.stlouisfed.org/fred2/series/LNS15000000

Note that there are now seven million more American adults no longer seeking work, and hence not counted in the “official” unemployment rate, than there were when 0bama took office.

MidniteRambler on April 19, 2012 at 10:57 AM

MelonCollie on April 19, 2012 at 10:40 AM

OT ~ Sorry, but now, everytime I see your name I think it answers the question, “How does Michelle get Barack to eat more fruit?”

Fallon on April 19, 2012 at 10:57 AM

Translation: He’s uppity and doesn’t know his place.

angryed on April 19, 2012 at 10:55 AM

umm no angry.

It is obvious you would be that disgruntled employee. You have neither run, managed nor owned a business. Though I find it amusing that you say “translation” as it you know something.

upinak on April 19, 2012 at 10:58 AM

Translation: He’s uppity and doesn’t know his place.

angryed on April 19, 2012 at 10:55 AM

You’d be the expert on that. Your place is in a group home without access to telephone or Internet.

notice what I posted on something he/she/it said. Can we say has been banned before? Probably has many names?

upinak on April 19, 2012 at 10:45 AM

I’d sure be interested to do a whois lookup on the IP of idioted and a few other past libtard trolls.

MelonCollie on April 19, 2012 at 10:58 AM

How long have you been at hotair again>

This isn’t my, nor ButterflyDragons, nor SWalkers first rodeo with trolls.

*rolls eyes*

upinak on April 19, 2012 at 10:56 AM

Is it to early in the morning to claim I have my beer goggles on and can’t read the “Do not feed the trolls” sign???

SWalker on April 19, 2012 at 10:58 AM

OT ~ Sorry, but now, everytime I see your name I think it answers the question, “How does Michelle get Barack to eat more fruit?”

Fallon on April 19, 2012 at 10:57 AM

EWWWW!

MelonCollie on April 19, 2012 at 10:59 AM

I’d sure be interested to do a whois lookup on the IP of idioted and a few other past libtard trolls.

MelonCollie on April 19, 2012 at 10:58 AM

there was a poster who went by something like Blueflame (something like that) and he/she would say that phrase often, in the exact same way.

I have a feeling.

upinak on April 19, 2012 at 11:00 AM

EWWWW!

MelonCollie on April 19, 2012 at 10:59 AM

Are you feeling like an endangered species now?

SWalker on April 19, 2012 at 11:00 AM

Is it to early in the morning to claim I have my beer goggles on and can’t read the “Do not feed the trolls” sign???

SWalker on April 19, 2012 at 10:58 AM

It is 7 AM here. Go for it.

upinak on April 19, 2012 at 11:00 AM

I didn’t know about the 88 million number and where it came from, and I consider myself fairly well informed.
rogerb on April 19, 2012 at 10:37 AM

Roger, there are links upthread and if you dig on the BLS website it’s there also. The actual number is 87,897,000.

http://bls.gov/news.release/empsit.t01.htm

Eighth line down “Not in labor force” far right hand column (in thousand). The number is right there, courtesy of Hilda Solis.

dogsoldier on April 19, 2012 at 11:01 AM

Are you feeling like an endangered species now?

SWalker on April 19, 2012 at 11:00 AM

I’m feeling like I need a gallon of brainbleach.

MelonCollie on April 19, 2012 at 11:02 AM

Roger, there are links upthread and if you dig on the BLS website it’s there also. The actual number is 87,897,000.

http://bls.gov/news.release/empsit.t01.htm

Eighth line down “Not in labor force” far right hand column (in thousand). The number is right there, courtesy of Hilda Solis.

dogsoldier on April 19, 2012 at 11:01 AM

This post confirms that you are a raaaaacist… or something…

SWalker on April 19, 2012 at 11:02 AM

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