Surprise! Jobless claims return to 18-month range …

posted at 9:21 am on October 18, 2012 by Ed Morrissey

It’s funny what happens to a data series when consistency returns to its collection.  Last week’s weekly jobless claims numbers dropped dramatically to nearly a four-year low, but later it was discovered that one large state didn’t report all of its claims properly.  This week, the level returns to the same range we’ve seen since the spring of 2011:

In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous week’s revised average of 364,750.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending October 6, a decrease of 0.1 percentage point from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending October 6 was 3,252,000, a decrease of 29,000 from the preceding week’s revised level of 3,281,000. The 4-week moving average was 3,275,500, a decrease of 5,750 from the preceding week’s revised average of 3,281,250.

The Associated Press confirms that California bolloxed up the works, and that the data series is back on track:

 Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous week’s sharp drop. Both swings were largely due to technical factors. …

Last week, California reported a large drop in applications, pushing down the overall figure to the lowest since February 2008. This week, it reported a significant increase as it processed applications delayed from the previous week.

A department spokesman says the seasonally adjusted numbers “are being distorted … by an issue of timing.”

In other words, nothing really changed.  Initial jobless claims are being created at about the same relative pace as it has for at least the last 18 months; although this is the highest number we’ve seen in the last four months, it’s not statistically significant from the series to be exceptional.  This series does not provide a direct correlation to job creation, but over time this data series does have some indirect correlation to the health of job creation in the economy.  What this tells us over the long term is that the labor market is still stagnant.

Amusingly, CNBC initially had this story on its breaking-news ticker with the phrase “unexpectedly rises.”

This is perhaps the most expected rise we’ve seen in this data series, thanks to the widespread knowledge of the faulty data reporting in last week’s numbers.


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Yeah mean Romney’s tax plan that has been endorsed by 500 economists including 4 Nobel laureates?

gwelf on October 18, 2012 at 10:24 AM

Oops, it’s actually 5 Nobel laureates.

gwelf on October 18, 2012 at 10:24 AM

For example, in his latest Ohio poll that shows Obama holding onto his 1 pt lead, he has an even D/R partisan split.

gumbyandpokey on October 18, 2012 at 10:03 AM

That’s not enough to stem the tide. Obama is in huge trouble, he now has to defend four states where he is cratering in support and where undecideds, even in a normal election, will break against him. When you don’t have a vision for the next four years people put their own vision in place – and it isn’t a good one for Obama.

If he was OK he could just max out Ohio and assume the others would hold – but now he is even buying ad time in Minnesota. MINNESOTA? PA has been added to swing status and it looks like there will be a GOP senate pickup where none was expected.

I still think PA is GOP fool’s gold and that the UAW will pull Obama over the line in Michigan, but I think they may be the ony two he holds – besides the bankrupt kleptocracy that is Illinois.

Zomcon JEM on October 18, 2012 at 10:25 AM

the American way (we need conservative small-government approach to get us out of this liberal economy mess)!

dominigan on October 18, 2012 at 10:17 AM

Hold on, the economy built by liberals (hi tech, software, biotech, digital) has practically a zero or negative unemployment rate. McKinsley estimates that it will experience a shortfall in the million of qualified employees over the next decade.
http://blogmaverick.com/2012/08/16/which-usa-do-you-work-in/

The problem is that the old economy faltered under the stress of globalization and Americans simply weren’t prepared for the consequences. Only 2 millions jobs were created under Bush, despite the headwinds of a massive asset bubble. It’s globalization redistributing manufacturing jobs to China. Those jobs lost to China aren’t coming back. It’s time to look forward and realize that the only way to grow high paying jobs, outside of the service industry, is to innovate and out-think the rest of the world.
Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

Yeah mean Romney’s tax plan that has been endorsed by 500 economists including 45 Nobel laureates?

gwelf on October 18, 2012 at 10:24 AM

They actually endorsed his economic policy – including his tax policy.

gwelf on October 18, 2012 at 10:26 AM

bayam on October 18, 2012 at 10:14 AM

Andy Sorkin’s Too Big to Fail is merely a compilation of opinion…his…mixed in with a selective narration of facts and conjectures. And a fixation on Lehman brothers.

But he does not go into the why’s? Never touches the underpinnings of the fake-mortgage markets, underwritten by a proven corrupt Freddie and Fanny, to enable those who never should have ever been allowed under standard banking practices and jurisprudence taken out mortgages they could not afford and have government tell them not to worry, we’ll pay for it…and then sold these mortgages as investments all across the globe…mortgages not worth the paper they were written on. But, those hedge fund guys…like John Edwards once almost vice president…made millions pushing these instruments.

The root cause? Government intervention.

Sorkin never approaches this. Would have run contrary to the NYT’s progressive editorial fundamentals, might have offended somebody, might have cost Sorkin his job.

But, Lehman Brothers? Easy target for Sorkin.

Read it. Not at all impressed.

coldwarrior on October 18, 2012 at 10:26 AM

Glad to see that it was MY state of California that gave Obama the brief reprieve…

I am sure that it was quite a coincidence… Team O was just lucky, I guess…

Khun Joe on October 18, 2012 at 10:27 AM

Hold on, the economy built by liberals (hi tech, software, biotech, digital) has practically a zero or negative unemployment rate. McKinsley estimates that it will experience a shortfall in the million of qualified employees over the next decade.
http://blogmaverick.com/2012/08/16/which-usa-do-you-work-in/

The problem is that the old economy faltered under the stress of globalization and Americans simply weren’t prepared for the consequences. Only 2 millions jobs were created under Bush, despite the headwinds of a massive asset bubble. It’s globalization redistributing manufacturing jobs to China. Those jobs lost to China aren’t coming back. It’s time to look forward and realize that the only way to grow high paying jobs, outside of the service industry, is to innovate and out-think the rest of the world.
Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

So liberals created the tech and software industries and then you blame the Republicans for jobs going to China? Where the tech stuff is built?

Bush tax policies? The government’s own estimates are the lost government revenue – over the entirety of the Bush tax rates – has been 800 Billion from the rich and 2.2 trillion from the middle class. 800 Billion barely covers the Obama stimulus, 2.2 Trillion doesn’t even cover 2 years of Obama debt spending. But you claim we have a revenue problem. Genius.

I also find it interesting that – if you take what you’re saying seriously – Obama is really the one suggesting an unavoidable massive tax hike on the middle class and not Romney. Keep up the good work.

gwelf on October 18, 2012 at 10:31 AM

Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

the one that cus tx on i and div income, and corporate rates….to free up that capital to, er….innovate ? where do u think co get $$$ to invest in r&D and innovate, to create their product ? Ben Bernake’s pockets? you are a piece of work.

runner on October 18, 2012 at 10:34 AM

The root cause? Government intervention.

Another myth propagated by radio entertainers.
Even Greenspan has admitted that far more government regulation was necessary and remains shocked that his libertarian philosophy was so misguided.

http://www.ritholtz.com/blog/2011/12/fbi-estimates-80-of-mortgage-fraud-involved-industry-insiders/

It’s amazing that even after the Libor scandal has revealed a widespread and endemic culture of corruption in global finance that some on the right continue to live in the blame-government bubble.

bayam on October 18, 2012 at 10:35 AM

Nobody outside of a Journalism or Poli Sci classroom saw this one coming…

MNHawk on October 18, 2012 at 10:37 AM

http://www.youtube.com/watch?v=J6_1Pw1xm9U

bgibbs1000 on October 18, 2012 at 10:39 AM

I also find it interesting that – if you take what you’re saying seriously – Obama is really the one suggesting an unavoidable massive tax hike on the middle class and not Romney. Keep up the good work.

gwelf on October 18, 2012 at 10:31 AM

No, there isn’t a politician running for that office honest enough to tell the American people the truth. Obama is no better, but he’s not the one promising more tax cuts.

Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

where do u think co get $$$ to invest in r&D and innovate, to create their product ?

You’re saying that without a 15% capital gain tax innovation would slow? There’s no empirical evidence to that effect- and if you truly want to encourage innovation, you can offer far more targeted tax cuts that don’t include Paris Hilton (bless her soul).

bayam on October 18, 2012 at 10:40 AM

The biggest threat to good business is government over reach.

Bmore on October 18, 2012 at 10:40 AM

Read it. Not at all impressed.

coldwarrior on October 18, 2012 at 10:26 AM

But, it supports Bayam’s world view so that’s all that matters; therefore, you should’ve been impressed.

Resist We Much on October 18, 2012 at 10:40 AM

Hold on, the economy built by liberals (hi tech, software, biotech, digital) has practically a zero or negative unemployment rate.

You mean 1%’er liberals who now live the high life and whose boardrooms are chock-full of non liberal people who direct and control daily company operations.

Economy built by liberals? Come on.

Bishop on October 18, 2012 at 10:41 AM

You’re saying that without a 15% capital gain tax innovation would slow? There’s no empirical evidence to that effect- and if you truly want to encourage innovation, you can offer far more targeted tax cuts that don’t include Paris Hilton (bless her soul).

bayam on October 18, 2012 at 10:40 AM

What do you know that expanding economies that have lowered their CGR don’t?

Resist We Much on October 18, 2012 at 10:42 AM

How is it that everyone on the right knew it was California, and yet everyone on the left claimed there was nothing fishy going on?

Which leads to the larger question: How do we trust anything coming out of BLS? I don’t.

BKeyser on October 18, 2012 at 10:43 AM

seriously, these morons do think that wealth is created by printing money, or in the myth of outsourcing causing econ slowdown, where the opposite is true

runner on October 18, 2012 at 10:43 AM

Yes, there is nothing that more government regulation can’t solve.

It makes perfect sense to have the EXACT same people who created the problem devising solutions to those problems using the same tired methods that made the mess in the first place.

I don’t know about you people but I trust dudes like Rangel and Pelosi to set things straight for the rest of us.

Bishop on October 18, 2012 at 10:44 AM

Regulation…means regulate…make regular…standardize, make efficient.

Intervention…means government through the Executive and Legislative branches funneling taxpayer dollars to select projects for the benefit of….whom?

Yes, more regulation, not more paperwork, but actually standardizing practices within an economy.

Under this Administration in particular, there is no regulation, no standardization, every decision is on whim, pandering to various players and groups.

What part of the Solyndra episode was regulated? Would then, any other industry in the country been able to avail themselves of the same largesse offered Solyndra?

Going back to the Carter Administration when in the name of helping out the folks, banks were encouraged, later expected, under duress, penalty and sanctions, to disregard proper fiscal procedures and offer loans to those who clearly could not afford them.

Under what rubric was this sound financially?

For Freddy and Fanny to offer these “investments” across the globe (with losses, i.e. risk, to be covered by the US government) was this sound financially?

All of it a house of cards…not to regulate the financial sector but to enhance the ability of progressives to be elected.

No other rational explanation for it.

coldwarrior on October 18, 2012 at 10:45 AM

Another myth propagated by radio entertainers.
Even Greenspan has admitted that far more government regulation was necessary and remains shocked that his libertarian philosophy was so misguided.

http://www.ritholtz.com/blog/2011/12/fbi-estimates-80-of-mortgage-fraud-involved-industry-insiders/

It’s amazing that even after the Libor scandal has revealed a widespread and endemic culture of corruption in global finance that some on the right continue to live in the blame-government bubble.

bayam on October 18, 2012 at 10:35 AM

Government will fix this! Just look at Dodd-Frank!

/sarc

gwelf on October 18, 2012 at 10:46 AM

No, there isn’t a politician running for that office honest enough to tell the American people the truth. Obama is no better, but he’s not the one promising more tax cuts.

Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

So you prefer Obama who wants to spend even more money?

gwelf on October 18, 2012 at 10:47 AM

So you prefer Obama who wants to spend even more money?

gwelf on October 18, 2012 at 10:47 AM

Hell, yes. It is not his money. Typical progressive.

coldwarrior on October 18, 2012 at 10:48 AM

Hold on, the economy built by liberals (hi tech, software, biotech, digital) has practically a zero or negative unemployment rate.

You mean 1%’er liberals who now live the high life and whose boardrooms are chock-full of non liberal people who direct and control daily company operations.

Economy built by liberals? Come on.

Bishop on October 18, 2012 at 10:41 AM

My comment was in reply to a remark that the ‘liberal’ economy was at fault. I wasn’t suggesting that one group of people has a monopoly on American success. The world needs Harvard MBAs also, regardless of their excessive egos and inability to actually innovate.

bayam on October 18, 2012 at 10:50 AM

So the cooked numbers have come uncooked in only a few weeks.

Too bad for Barack.

He’ll be joining the unemployed stats in January.

profitsbeard on October 18, 2012 at 10:50 AM

No, there isn’t a politician running for that office honest enough to tell the American people the truth. Obama is no better, but he’s not the one promising more tax cuts.

Doubling down on Bush tax policies isn’t a serious solution.

bayam on October 18, 2012 at 10:25 AM

So you prefer Obama who wants to spend even more money?

gwelf on October 18, 2012 at 10:47 AM

This. Last election the liberals here and pretty much everywhere were harping on the debt (rightly so) and elected a far left radical that was destined to increase that debt. Doesn’t matter though, because he “Won”.

ShadowsPawn on October 18, 2012 at 10:51 AM

Departing thought – if next week’s initial jobless claims don’t come in at or under 365K (plus half of the inevitable upward revision of this week’s number), it needs to be reported as an increase.

Steve Eggleston on October 18, 2012 at 10:52 AM

You’re saying that without a 15% capital gain tax innovation would slow? There’s no empirical evidence to that effect- and if you truly want to encourage innovation, you can offer far more targeted tax cuts that don’t include Paris Hilton (bless her soul).

bayam on October 18, 2012 at 10:40 AM

Really ??? REALLY? what is the cap gains tax in Switzerland? Lichtenstei? Belgium? manufacturing is not the only area where innovation happens, btw.

runner on October 18, 2012 at 10:52 AM

Hey just because Clinton’s justice department threatened to prosecute lenders that didn’t give out mortgages to people who didn’t qualify and Fannie and Freddie made it a lot less risky for lenders and financial institutions devised a complex way of trying to make a profit off of the insane market conditions the government specifically wanted and pushed doesn’t mean that it’s governments fault. You see, if the regulators had prevented the financial institutions from trying to make a profit off of bad mortgages and ensured that the rating agencies had properly rated the securities involved then, well, uh, yeah we’d still have massive amounts of mortgage defaults and a financial crash.

gwelf on October 18, 2012 at 10:53 AM

Yeah, cause the smartest people in government had nothing to do with it.

Bmore on October 18, 2012 at 10:53 AM

UNINSTALLING OBAMA…..……………. █████████████▒▒▒ 80% complete.

Sam Widge on October 18, 2012 at 10:57 AM

The world needs Harvard MBAs also

bayam on October 18, 2012 at 10:50 AM

Including Chimpy Bush?

Del Dolemonte on October 18, 2012 at 10:59 AM

Sam Widge on October 18, 2012 at 10:57 AM

Nice.

coldwarrior on October 18, 2012 at 11:00 AM

UNINSTALLING OBAMA…..……………. █████████████▒▒▒ 80% complete.

Sam Widge on October 18, 2012 at 10:57 AM

Just love this.

Bmore on October 18, 2012 at 11:07 AM

Its really amazing how hard the media is trying to spin the numbers to make Obammy look good! Every few months some sort of amazing recovery is on the horizon only to fizzle out as the realities of the weak economy and the Administration’s failed policies set in. Let’s face it folks, Obammy’s agendas do not lend themselves well to strong job growth, unless he creates a bunch of new government agencies and adds thousands of federal workers!

rockncoal on October 18, 2012 at 11:08 AM

Ali Bayam. Stark raving mad.

–Monty Python, “Interesting People” skit

Hot Air’s Bayam. Stark raving mad.

–either orr, 10-18-2012

either orr on October 18, 2012 at 11:09 AM

“My brain hurts.”

–D.P. Gumby, standing in a stream. Monty Python

“My brain hurts.”

–gumbyandpokey, confronted with facts while standing in a stream. HotAir, 10-18-2012

either orr on October 18, 2012 at 11:11 AM

“President Obama unexpectedly sucks.”

slickwillie2001 on October 18, 2012 at 11:18 AM

Ha ha, that’s just like the black people talk, good one!

bayam on October 18, 2012 at 9:30 AM

“Where’s yo dollah?”

Flora Duh on October 18, 2012 at 9:36 AM

“You din’t build that, someone helped you along the waaaaaahhhhh!”

slickwillie2001 on October 18, 2012 at 11:23 AM

The world needs Harvard MBAs also, regardless of their excessive egos and inability to actually innovate.

bayam on October 18, 2012 at 10:50 AM

Not all Harvard MBAs are pansy-a$$ progressives, idiot.

By the way, I’ve never heard of McKinsley.

freedomfirst on October 18, 2012 at 11:32 AM

You’re saying that without a 15% capital gain tax innovation would slow? There’s no empirical evidence to that effect- and if you truly want to encourage innovation, you can offer far more targeted tax cuts that don’t include Paris Hilton (bless her soul).

bayam on October 18, 2012 at 10:40 AM

that’s the problem with liberals. They think they are smarter than everyone else and the market and can “target” everything through the gov’t.

“I don’t like this over here – so high taxes for you!!!”

“I like this over here – so lower taxes for you!!”

Yet they don’t see how they are borderline fascist.

I love how you keep claiming that all tech was entirely created by liberals and that political philosophy even has anything to do with it. Also how you keep claiming that Obama has some kind of plan or idea. He doesn’t. He hasn’t for the past 4 years, and won’t in the next 4. He is an idiot.

Monkeytoe on October 18, 2012 at 11:38 AM

Also missing from the “Employment-Unemployment” figures…..

Jobs that are 100% reliant on Government grants/loans and other funding directly and indirectly for their existence AND are not accounted for in the budget that hasn’t been voted on in 3 1/2 years. Barack Obama lies… the Dems if they wanted to could put through any budget they want to cut the hemorrhaging ever increasing debt with or without the Repubs… they have had the majority to do it all along…THEY WONT… They wont, because there would be necessary cuts to their bloated big government entities and friends.

So many levels of fraud and waste for programs that are being payed for in the TRILLIONS by the taxpayers and private sector adding to our national debt just to keep profitable non-profit government sector “JOBS” or better known as corporate welfare.

Barack Obama campaign like most liberals do… I will go line by line through the budget and cut…fiscally irresponsible and failing programs and departments….. LIAR!

A lot of jobs right now are also as a result of the campaigns across the nation, cities, states and national political positions, phone banks, door knockers, advertisements, mailers you name it… but, they are temporary too and once the election is over so are the jobs.

Liberals…. did not create all high tech jobs either… Wow, talk about brain fart mentality. Silicon valley has many smart people that’s true…. but, they also pay half a million or more for a 2 bdroom condo in South San Jose too… there is a severe lack of common sense and fiscal irresponsibility as well. California is broke… how about the brain trust fix that!

ActinUpinTexas on October 18, 2012 at 11:38 AM

Didn’t stop Obozo from claiming the fake numbers were proof Marxism his policies were starting to work though.

KMC1 on October 18, 2012 at 11:39 AM

Quick! Make some more unemployed people disappear.

trigon on October 18, 2012 at 11:47 AM

No surprise in this report except that for the Nth week in a row the state run media are still rump swabbing Obama.

bayam on October 18, 2012 at 10:25 AM

Actually all those liberal jackwagons offshored all the good paying engineering jobs long long ago. You really have no clue at all about what you’re writing. It’s very clear you’ve never worked in high tech.

dogsoldier on October 18, 2012 at 11:49 AM

I wonder which party has ruled California for generations and has destroyed the largest economy in the U.S. through it’s failed policies.

Christien on October 18, 2012 at 11:52 AM

Well, they kept this little piece of info and the 32% Welfare increase out of the news until after the two domestic debates, mission accomplished.

NickelAndDime on October 18, 2012 at 12:39 PM

Hold on, the economy built by liberals (hi tech, software, biotech, digital) has practically a zero or negative unemployment rate.

bayam on October 18, 2012 at 10:25 AM

Only an idiot with absolutely no IT connection can even make the claim. Yes, high tech WAS built locally, but sadly with the internet taking off in mid ’90s and with help of Feinstein/Boxer/Clinton the jobs QUICKLY were either replaced locally by H1B holders (and yearly quotas “conveniently” increased 400% on the insistence by the above Troika, can someone remind me of financials of both Feinstein and Boxer prior to that and after?) or then quickly moved to India.

Every project since where I was replaced by either H1B “Programming for Dummies” idiots or India hackers of same ilk (just who in hell decided that Indians, who have never seen a computer in their life prior to that, are such brilliant programmers?) it took between 5 and 10 Asians to replace one of me. And I know of plenty of others in CA IT who have suffered same fate. Local IT has been decimated since mid ’90s and no, the jobs are not coming back any time soon. I hate to interview with people who can’t even speak English and where I was actually used a number of times at interview to solve problems their (sometimes 40 strong IT teams) could not solve on their own. Now, if I interview and am asked “So, how would you resolve this problem?” I simply thank them for their time and walk out. No more free resolution of something they have no business doing in the first place.

You know when PeopleSoft disappeared as a company? When the management, “conveniently provided by “supposed ex-Oracle VP”, decided to offshore maintenance of the application code to India. We were left to not only do the job here with our share of the code, but then fix EACH and EVERY fix coming back from India (no, we weren’t aid for overtime for this nor did management listen to us to stop using India and, thus, provide double the work for us in the end). And management told us to shut up and not discuss the issue with any outsiders.

When I discovered a huge problem in code and pointed it out to my Asian counterpart on another team, his manager, another Asian import, forbid me to not only fix the issue, but even speak about it. Weeks later her coder came to my office, almost dizzy, and said “we” have a problem since the code will create big implications with customers. I corrected him and said that it is not “we”, but “he” who has a problem and pointed out that I did spend 2 days arguing for this fix with him and his manager when I discovered it and will not be made a scape goat. PeopleSoft “vanished” soon after.

So, don’t post links to idiotic “numbers” that make no sense to anyone actually working in IT. Plenty of great IT talent locally, for which management doesn’t want to pay. And they still lose money, big time, since instead of paying someone local $90-100K to do the job right from the get-go, as in old days, they now hire 4-6 imports/exports at $30-60K, and still can’t deliver same quality. Where is the savings in that, especially when your code quality suffers in the end and requires more man hours to maintain.

CA is a model for the destruction of good jobs. Ask IT talent that left the state lately. Ask farmers who used to feed most of USA.

riddick on October 18, 2012 at 12:42 PM

riddick on October 18, 2012 at 12:42 PM

This.

dogsoldier on October 18, 2012 at 12:51 PM

riddick on October 18, 2012 at 12:42 PM

bayam = copy paste from Google searches
riddick = real world experience

Well done.

spinach.chin on October 18, 2012 at 12:57 PM

Glad to see that it was MY state of California that gave Obama the brief reprieve…

I am sure that it was quite a coincidence… Team O was just lucky, I guess…

Khun Joe on October 18, 2012 at 10:27 AM

Yeah, how coincidental, our state, a bastion of demented liberalism, and the largest state in the union population-wise, with the highest number of people living on the dole and the highest unemployment rate in the country, with the exception of NE, was conveniently left out when they released the monthly job report numbers….how convenient…makes me want to throw, theze people are apabke of nything, they are worst hatn he communists who were also fudhing the numbers of their ailed planned economy, or Greece, they were cooking the books big time too, and look whe they are now…I wonder if that imbecile in chief goes back to the campaign trail and corrects the misconception that unemployment rate is at 7.8…yeah right, good luck with that!…and the idiot campaigned in Birginia the day after the job report was released and said there that ‘there is no going back’ (unemployment number wise), ha, little did he know that a week later there’s quite a ‘going back’ to where the figures were supposed to be to begin with….. But hey, we are in a huge economic recovery, as per Mooch!! Get these bloody bastages and liars out of the WH already, pretty PLS!!!!

jimver on October 18, 2012 at 1:03 PM

Whomever trusts CNBC with economic facts, only need to look at your link…fools are those who trust what CNBC reports.

right2bright on October 18, 2012 at 1:04 PM

jimver on October 18, 2012 at 1:03 PM

As if anyone with brain had any doubts the numbers were manufactured and WILL BE adjusted UP. And nowhere but UP. Each and every time for the past 4 years. And I expect even this “preliminary” number adjusted a bit UP in the next few days.

So much for last night’s Gallup poll saying that unemployment went down to 7.3%. They were used, AGAIN, by the admin to spread the lies. So, if their current pol says Romney is at 515%, I also expect the number to be under-reported.

I wonder, this close to Nov 6th, how many in current admin and other government jobs will now change their ways and stop reporting fake stats and numbers? And other lies? Isn’t this criminal behavior if Congress decides to go after them after Nov 6th?

riddick on October 18, 2012 at 1:12 PM

What liberals fools do not understand is that we could practically eliminate corporate tax, and we would have more taxes, locally/state/fed than now within 3 years.

Putting 12 million people back to work, having them buying burgers/cars/tv’s, having them pay income tax, sales tax, insurance, etc….they don’t get it, corporations add to the mix by hiring people and selling stuff, and the people are who drives the economy.

right2bright on October 18, 2012 at 1:13 PM

riddick on October 18, 2012 at 12:42 PM

Excellent smackdown!!! Byam lives in his little unicorns populated world in which we are the best on the planet, apple, microsoft, apple, google, apple, IBM, did I say apple? :) He has absolutely no clue of the reality on the ground. I second every word you said there, both my wife and my brother in law are IT professionals, my wife chose to join the military after she finished her IT degree, but her brother stayed in the civilian world. They are Calfornia natives, born and raised, from san diego, he is in his mid thirties now, he had every bit the same experience that you mentioned there, only difference is that he is a citizen (you probably are now too). He got so sick and tired of this sick california IT micro-universe too, them taking advantage of his brilliant skills, but hey, he was too young to pay him what he asked for, so, exactly as you said, they preferred to bring some idiots from India and got knows where and pay them peanuts. he chose not to ‘prostitute’ himself and accept their crappy pay, while they were making tonnes of money on his and other young professionals back (yep, the Feinstein/Boxer reference is every bit as true)….in the end he decided to do a masters in software engineering (for the aeronautics industry) and he is much better off these days, at least Lockheed (currently) and Grumann (before that) pay him real money and his skills in embedded software systems are in demand accross the aeronautics industry.

jimver on October 18, 2012 at 1:33 PM

bayam on October 18, 2012 at 10:50 AM

You aren’t smart enough or talented enough to tie Joe The Plumber’s workboots.

You retarded halfwit leftist. LOL!

tom daschle concerned on October 18, 2012 at 1:48 PM

bayam on October 18, 2012 at 10:14 AM

Honestly, the only thing that surprises me any longer is that you and your buddies are retarded enough to keep showing up here.

I literally have never seen a stupider bunch of sub-moronic idiots than you, gumby, libfree, et al.

Proven wrong countless times.

Demonstrated to be utterly full of bullsqueeze countless times.

You’re like a witless automaton that’s found itself facing a corner and only knows how to keep bumping ‘forward’. For goodness’ sake, please don’t ever marry, procreate – for that matter, I pray you never get behind the wheel of anything with more mass than a tricycle to make sure you’re idiocy won’t harm someone else. I wish you a long and happy live – in a padded room, under sedation, dreaming of unicorns and butterflies, and blissfully absent from a society where we place emphasis on reality.

Midas on October 18, 2012 at 2:34 PM

jimver on October 18, 2012 at 1:33 PM

IT talent has been seriously decimated by the out/insourcing, whatever one wants to call it, by the far inferior Asian work pool. Yes, some are good enough, obviously, but as was the case with Indians here in the ’80s, who never went to college, but were able to pass board exams here just by cramming the books. Since then the second I see an Indian/Pakistani “doctor” with an accent I just walk out. Too bad AMA never checked credentials of those who passed board exams back then and left them all in the field.

Our government is our worst enemy, it seems.

riddick on October 18, 2012 at 3:01 PM

Since then the second I see an Indian/Pakistani “doctor” with an accent I just walk out. Too bad AMA never checked credentials of those who passed board exams back then and left them all in the field.

Our government is our worst enemy, it seems.

riddick on October 18, 2012 at 3:01 PM

Ha, welcome (back) to kalifornia…every second medical provider (MD) has an Indian or Middle Eastern name here, some S and S-E Asians (as in Chinese, Vietnamese, Filippines, but not as many as the Indians). and when you go check their credentials on the internet, they all went to school back in their countries of origins, Sri Lanka, Burma, India, god knows, and then probably got here, did a crappy residency at some second hand hospital and voila, here they are, all accredited docs, in good standing…it woud be nice if you could actually understand what they say too :)…20 years or longer here (some of them at least) and you still don’t understand a word of what they say, but they have an ego as big as a house.. I stay away from these as well…wait and see the next invasion of third world incompetent docs that obamacare will foist upon us in the years to come…

jimver on October 18, 2012 at 3:31 PM

June 14, 2002, U.S. consulate in Karachi, Pakistan
Suicide bomber kills 12 and injures 51.
February 20, 2003, international diplomatic compound in Riyadh, Saudi Arabia
Truck bomb kills 17.

February 28, 2003, U.S. consulate in Karachi, Pakistan
Gunmen on motorcycles killed two consulate guards.

July 30, 2004, U.S. embassy in Taskkent, Uzbekistan
Suicide bomber kills two.

December 6, 2004, U.S. consulate in Jeddah, Saudi Arabia
Militants stormed and occupied perimeter wall. Five killed, 10 wounded.

March 2, 2006, U.S. consulate in Karachi, Pakistan
Suicide car bomber killed four, including a U.S. diplomate directly targeted by the assailants.

September 12, 2006, U.S. embassy in Damascus, Syria
Gunmen attacked embassy with grenades, automatic weapons, and a car bomb (though second truck bomb failed to detonate). One killed and 13 wounded.

January 12, 2007, U.S. embassy in Athens, Greece
A rocket-propelled grenade was fired at the embassy building. No one was injured.

July 9, 2008, U.S. consulate in Istanbul, Turkey
Armed men attacked consulate with pistols and shotguns. Three policemen killed.

March 18, 2008, U.S. embassy in Sana’a, Yemen
Mortar attack misses embassy, hits nearby girls’ school instead.

September 17, 2008, U.S. embassy in Sana’a, Yemen
Militants dressed as policemen attacked the embassy with RPGs, rifles, grenades and car bombs. Six Yemeni soldiers and seven civilians were killed. Sixteen more were injured.

bayam on October 18, 2012 at 9:59 AM

Wow, those moose-limbs are evil. Why are we bringing them into the Country?

Bulletchaser on October 18, 2012 at 4:26 PM

jimver on October 18, 2012 at 3:31 PM

We finally moved out of GULAG (aka CA) this past January. Enough is enough. Yes, we miss some excellent food in the state, but that’s about it. And we’re still in easy driving distance to it. Unfortunately, communists are now spreading East at an ever escalating rate now that they have destroyed once great state.

riddick on October 18, 2012 at 4:30 PM

but later it was discovered that one large state didn’t report all of its claims properly.

Sure…after how many decades of doing this every week???

Dr. ZhivBlago on October 18, 2012 at 4:32 PM

jimver on October 18, 2012 at 3:31 PM

We finally moved out of GULAG (aka CA) this past January. Enough is enough. Yes, we miss some excellent food in the state, but that’s about it. And we’re still in easy driving distance to it. Unfortunately, communists are now spreading East at an ever escalating rate now that they have destroyed once great state.

riddick on October 18, 2012 at 4:30 PM

Can’t blame you, and you should see the propositions on the ballot here this hear, at least two of them deal with raising income taxes on the general population (they tied it ‘nicely’ with paying for kids’ schools and education, typical dim blackmail) and for the higher earners (those making over 250,000 as a household, heh, that’s supposed to be ‘rich’, got it?? That’s upper middle class, pretty much, the middle class that this idiot pretends he is not raising taxes on) ….Anyways, we love and enjoy the weather and the outdoors here, we are big into hiking and mountain biking, nothing can beat that here, and skiing in winter time, Tahoe is less than 2 hours away, and since we don’t have kids yet, we enjoy life while we still can :)…oh, yeah, and you are right, the food here and in the bay area is superior (though NOTHING compares to the food in France, sigh :) …for us staying/moving out is not such an issue, we own a house here, but it’s in an area where we can easily rent out, so we will keep it, regardless whether we stay or relocate back to Europe or possibly S Cali, my wife’s work will take us to either one of the two locations in the near future. Not clear yet which one of the two, as of this moment…but definitely the bloody Dims belong in prison, as a collective destroyer of this beautiful and once prosperous state…

jimver on October 18, 2012 at 5:28 PM

bayam on October 18, 2012 at 10:40 AM

You’re an idiot.

Bless your heart.

Solaratov on October 18, 2012 at 6:11 PM

bayam on October 18, 2012 at 9:59 AM

So…nothing since 2008, you lying sack of crap?
And, what the hell do you care about a bunch of dead soldiers? All they are to you is a way to rant against Republicans and the military in general.
Dead GIs are nothing but game pieces to you assclowns.

And you’re still trying to cover for lil barry’s Benghazi fiasco. You’d better invest heavily in lip balm, bunky, cause barry’s gonna be asking a lot from you lickspittles.

Solaratov on October 18, 2012 at 6:31 PM

One thing hasn’t changed in this election- waving a little tax back money in the air can buy votes.

bayam on October 18, 2012 at 10:18 AM

You mad, bro?

You’re an idiot.

Suffer!

Solaratov on October 18, 2012 at 7:09 PM

can buy votes.

bayam on October 18, 2012 at 10:18 AM

The Irony…

say bit8h can you spare a twenty for my birth control?

CW on October 18, 2012 at 7:23 PM

jimver on October 18, 2012 at 5:28 PM

We moved out, but still have friends and relatives, Bay Area and Sac. So I do follow everything in CA and will be watching to see just how stupid the libs decide to get in CA come next month. Too bad that so many welfare recipients live there and will only want higher taxes to keep paying for their freebies. Same with a good number of illegals who will vote one way or another, they also have an incentive. So… As I said, once great state that has been destroyed.

riddick on October 18, 2012 at 8:26 PM

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