The commercial real estate market is due to crash soon. The FDIC is about to enter negative cash on hand; Fannie & Freddie need more money from the govt now. This is not a bright upbeat picture likely to improve the employment numbers.

I suggest limiting Xmas purchases to make the retail sales picture look lousy (hey, as a side effect you will have more cash!). This will add to the negative outlook and confidence, driving unemployment higher. It is for a good cause as it makes every Dem more vulnerable.

Throw the bums out and confidence will come roaring back; Americans are basically optimistic people.

I will go out on a limb and say if the employment rate hits 12% or more, that Obama is indeed a one-term president. I frankly can’t imagine the rate of unemployment going that high. In a strange way, if the rate goes that high I wonder if it doesn’t vindicate the people who suggested the economy was at the precipice last October and would then bolster Obama’s claim that the stimulus kept us from a far greater calamity than what we are experiencing now. Unfortunately for Obama, he so overhyped himself and over promised what he could do to turn things around that he won’t get a pass for inheriting a depression era type recession.

If the Chinese were smart, they’d tell Obama to fill out a loan application, and be sure to list assets not propped up by federal money from their worn-out printing presses.

(perhaps two well-used Greek pillars will have some value)

If the Democrats had produced this staggering figure, and if a Republican Party had, (in three short years), produced even an 8% unemployment rate, THE MEDIA WOULD BE SCREAMING TO HIGH HEAVEN. And there would be no reports of “recovery” or an end to a recession. The “media” and the wall street “reporters” love to use the the phrase, “unemployment is a “lagging indicator” and jobs will come as the economy improves”. But will it “improve” under this administration’s run-away spending policies?

Without massive federal spending reductions taxes must and will rise. When they rise, more unemployment will result. How can the Dems not understand that simple fact? Do we need food riots before they get it? The small businessperson has gone Galt, as the idiot wind will sweep all the Democrats before it, and the future will be very difficult.

MTF on November 12, 2009 at 7:57 AM

As MTF mentions above, we are on a downward spiral for further unemployment and the Democrats just don’t get it. Enormous deficit spending and increasing the national debt will send this false market—phony federal supplied cash infusion—crashing. Lagging indicators indeed.

How will the Congress and administration react to that, remembering that “no crisis should go unused”, or whatever Rhambo said after the financial crash. Will we see restrictions on free speech and the right to assemble?

Without massive federal spending reductions taxes must and will rise. When they rise, more unemployment will result. How can the Dems not understand that simple fact? Do we need food riots before they get it? The small businessperson has gone Galt, as the idiot wind will sweep all the Democrats before it, and the future will be very difficult.