http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx

Unemployment is back up to 10.3%.

Granted that the Middle East is in turmoil, gasoline is up to $4 per gallon, and China is holding far more U.S. debt than originally believed, just a few short months ago the Obama Administration and their pals in the media were attempting to sell us "the economy is on the mend" mantra.

You know....the "Porkulus Spending has worked" nonsense.

Anyone out there feeling better about our economic prospects?

Odd, the official numbers are 8.9%, with 192K private sector job growth.
Good news, we are slowly, slowly growing our way out of this.

ptown_trojans_1;699137 wrote:Odd, the official numbers are 8.9%, with 192K private sector job growth.
Good news, we are slowly, slowly growing our way out of this.

Can we see the link?

Sorry, saw it as I passed by in the office:
http://www.cnbc.com/id/41903614

That also includes cuts to 30,000 in the public sector.

If you don't like Ptowns link, try on from your mecca of news source.

http://www.foxnews.com/politics/2011/03/04/jobless-rate-dips-8-percent-lowest-nearly-years/

Let's see, who to believe: an organization that has no stake in what the numbers say or a government administration whose very existence may come down to whether the economy improves?

I'm sure there wasn't any number fudging going on by the White House folks, was there?

Nah, they wouldn't do that.

It is simple, the government unilaterally determines that X millions have stopped looking for a job, thus their numerator is much lower than reality, and magically then, the % rate declines.

Quit trying to look behind the curtain !!

QuakerOats;699331 wrote:It is simple, the government unilaterally determines that X millions have stopped looking for a job, thus their numerator is much lower than reality, and magically then, the % rate declines.

Quit trying to look behind the curtain !!

I AM OZ! The Great and Powerful! Who are you?

Pay no attention to that man behind the curtain. The Great Oz has spoken!

ptown_trojans_1;699143 wrote:Sorry, saw it as I passed by in the office:
http://www.cnbc.com/id/41903614

That also includes cuts to 30,000 in the public sector.

30,000 public sector jobs lost!!! That ought to generate serious wood among the righties here. Of course, they are already disputing the numbers. I heard Rush say this morning that lower unemployment numbers will cause the price of energy to go up, causing more unemployment.

Writerbuckeye;699257 wrote:Let's see, who to believe: an organization that has no stake in what the numbers say or a government administration whose very existence may come down to whether the economy improves?

I'm sure there wasn't any number fudging going on by the White House folks, was there?

Nah, they wouldn't do that.

Once again Writer nails it.

ptown_trojans_1;699137 wrote:Odd, the official numbers are 8.9%, with 192K private sector job growth.
Good news, we are slowly, slowly growing our way out of this.

Yeah, well there are the "official" numbers....and then there's reality.

You know, none of us should be ridiculing the unemployment numbers. It's obviously a result of Boehner and his golf buddies' hard work in creating the jobs. Not bad, though. Four months since the election and they are showing progress. Keep up the good work, Johnny!

stlouiedipalma;699761 wrote:You know, none of us should be ridiculing the unemployment numbers. It's obviously a result of Boehner and his golf buddies' hard work in creating the jobs. Not bad, though. Four months since the election and they are showing progress. Keep up the good work, Johnny!

Well if you believe the boys surrounding the Anointed One, it was BHO's $800 Billion worth of finely tuned porkulus spending that has finally saved the day.

Whether it was Barry's massive porkulus spending of Johnny's 4 month golfing bonanza, it's amazing that 8.9% is considered good news.

stlouiedipalma;699761 wrote:You know, none of us should be ridiculing the unemployment numbers. It's obviously a result of Boehner and his golf buddies' hard work in creating the jobs. Not bad, though. Four months since the election and they are showing progress. Keep up the good work, Johnny!

That's funny. Then why is the media reporting Obama taking credit for this with his policies? I've seen no stories saying this is because Republicans took over the House, and certainly no Republicans taking credit for it.

stlouiedipalma;699761 wrote:You know, none of us should be ridiculing the unemployment numbers. It's obviously a result of Boehner and his golf buddies' hard work in creating the jobs. Not bad, though. Four months since the election and they are showing progress. Keep up the good work, Johnny!

I agree. The Tea Party Recovery is taking shape.

Profits are up, employment is up, stock market is up, and confidence is going up. All since November 3, 2010. Gotta give credit where credit is due....right, stlouie?

I'm more inclined to say the real unemployment is between 8.9 and 10.3, so like 9.6 or something like that.
As to credit for the slow recovery, it goes to no one and everyone. The market is taking care of itself after coming back from the abyss (thanks to the government intervention). Now the government has stepped back, the markets are recovering, companies are growing with less, and starting to hire people. Credit goes to everyone to realize to start to back off and let the market start to grow.
As everyone here said months ago, the market goes in cycles, the cycle is trending up. It is a slow, long haul, but in 2-3 years, barring any shocks, the unemployment rate should be back around 7%.

BGFalcons82;700178 wrote:I agree. The Tea Party Recovery is taking shape.

Profits are up, employment is up, stock market is up, and confidence is going up. All since November 3, 2010. Gotta give credit where credit is due....right, stlouie?

Hell, yes! Boehner is just making it seem as if the House Republicans are working on their social agenda. In all truth, he's been working hard, introducing legislation to help create jobs. You don't notice this hard work because it's all being done on the QT.

Nice try, ptown. Really good stuff. The "fruits" of the porkulus, the omnibus spending bill, and ObamaKare are also coming to fruition in the form of higher gas prices (they were going up far before Ghadaffi started murdering his own people), record-high cotton prices, food prices skyrocketing, and double digit percentage gains in commodities such as copper, aluminum, and scrap steel. As we all learned in Econ 101, there is no such thing as a free lunch and the price for stealing trillions from future generations is beginning to be paid.

stlouiedipalma;700197 wrote:Hell, yes! Boehner is just making it seem as if the House Republicans are working on their social agenda. In all truth, he's been working hard, introducing legislation to help create jobs. You don't notice this hard work because it's all being done on the QT.

Boehner doesn't have to say 1 word. The fact that Nancy has been punted to the sidelines and the Obama agenda has been shut down is all this country needed in order to start growing again. November 3, 2010 is the turning point in the Obama presidency and it's only because he got stopped....I wonder if he'll take the credit??? Hmmmm.....

BGFalcons82;700206 wrote:Boehner doesn't have to say 1 word. The fact that Nancy has been punted to the sidelines and the Obama agenda has been shut down is all this country needed in order to start growing again. November 3, 2010 is the turning point in the Obama presidency and it's only because he got stopped....I wonder if he'll take the credit??? Hmmmm.....

Of course he will in much the same manner that Bill Lewinsky Clinton did when the Repubs took control in 1994.

NOTE TO P-Town: Thanks for editing the thread title to read, Gallop finds Unemployment up to 10.3%

But Gallop is spelled Gallup...just sayin'...

believer;700215 wrote:Of course he will in much the same manner that Bill Lewinsky Clinton did when the Repubs took control in 1994.

NOTE TO P-Town: Thanks for editing the thread title to read, Gallop finds Unemployment up to 10.3%


But Gallop is spelled Gallup...just sayin'...

lol, oh that is a fail by me. Nice one.

BGFalcons82;700203 wrote:Nice try, ptown. Really good stuff. The "fruits" of the porkulus, the omnibus spending bill, and ObamaKare are also coming to fruition in the form of higher gas prices (they were going up far before Ghadaffi started murdering his own people), record-high cotton prices, food prices skyrocketing, and double digit percentage gains in commodities such as copper, aluminum, and scrap steel. As we all learned in Econ 101, there is no such thing as a free lunch and the price for stealing trillions from future generations is beginning to be paid.

Ehh, I don't equate the U.S. spending on its budget to the worldwide price of oil. The U.S. is not that influential in the world markets. Oil prices are driven by speculation based off of Libya, Saudi Arabia, Bahrain and the recent decision by the Chinese to slow oil imports. Food prices rises are a whole host of things, corn production, worldwide climate changes leading to lower crop yields, and higher grain prices in Africa, Russia, etc.

My post was just on the analysis I've been reading and hearing over the past few months. No defending the administration because frankly, they need to stay out of it and let the market recover. Did the markets recover due to the election? I doubt it. Markets rarely are impacted by politics, it is more market behaviors and overall world markets rather than domestic U.S. politics. I think you are giving politics too much credit.

ptown_trojans_1;700348 wrote:Food prices rises are a whole host of things, corn production, worldwide climate changes leading to lower crop yields, and higher grain prices in Africa, Russia, etc..

Climate change is leading to lower crop yields? c'mon......

Weather patterns go in cycles and are caused by the sun and other natural sources. These can indeed cause lower crop yields but this bullshit known as "climate change" - particularly the brand allegedly caused by humans - being used as a political tool and excuse for redistribution of wealth has got to be laid to rest.

believer;700360 wrote:Climate change is leading to lower crop yields? c'mon......

Weather patterns go in cycles and are caused by the sun and other natural sources. These can indeed cause lower crop yields but this bullshit known as "climate change" - particularly the brand allegedly caused by humans - being used as a political tool and excuse for redistribution of wealth has got to be laid to rest.

Oh, I did not mean to imply long term manmade climate change. I was just referring to short term changing weather patterns have caused lower crop yields around the globe. That more than anything has caused food prices to spike.
I'm undecided on the whole manmade climate change issue.

ptown_trojans_1;700366 wrote:Oh, I did not mean to imply long term manmade climate change. I was just referring to short term changing weather patterns have caused lower crop yields around the globe. That more than anything has caused food prices to spike.
I'm undecided on the whole manmade climate change issue.

Fair enough, sir.

ptown_trojans_1;700348 wrote:Ehh, I don't equate the U.S. spending on its budget to the worldwide price of oil. The U.S. is not that influential in the world markets. Oil prices are driven by speculation based off of Libya, Saudi Arabia, Bahrain and the recent decision by the Chinese to slow oil imports. Food prices rises are a whole host of things, corn production, worldwide climate changes leading to lower crop yields, and higher grain prices in Africa, Russia, etc.

My post was just on the analysis I've been reading and hearing over the past few months. No defending the administration because frankly, they need to stay out of it and let the market recover. Did the markets recover due to the election? I doubt it. Markets rarely are impacted by politics, it is more market behaviors and overall world markets rather than domestic U.S. politics. I think you are giving politics too much credit.

I'm sure you know this, but oil is traded in dollars. I know you also know that the value of the dollar has been dropping like an anvil from the sky. It is doing so because we are funding our deficit spending with dollars that don't exist - so we sell Treasury securities, print money, and trade paper with other countries to fund our inability to control our spending. Since there are more dollars in circulation than there used to be, each one is worth less....soon to be worthless, but that's another story. So, the price of oil is indeed tied to our government's undying lust to spend money it doesn't have.

It isn't just oil, ptown. It's cotton, it's food, it's metals, it's livestock...it is EVERYTHING. In my industry, light gage metals, reinforcing steel and steel shapes are going up like they did in 2005, when the Chinese and lack of coke (not the drug nor drink, but the product necessary to stoke furnaces to create the heat to make steel) were to blame. These elements aren't to blame this time, but the sagging, falling, and weak dollar are making these more expensive. My fear is that when we do start to expand with some regularity, the prices will grow again exponentially due to normal market stresses. It's at that point we will feel the full force of spending trillions and trillions of dollars that simply do not exist. There's no free lunch, ptown. Never has been. Never will be. And yet, here we all are debating how to create a free lunch society. We reap what we sow and deserve our outcomes. God save us.