Thursday, August 19, 2010

Half Million More Jobs Lost

We have lost another half million jobs this month. This recession is not getting better like the Democrats promised. We paid a lot of money to end this recession and we are hemorrhaging jobs every month since the Stimulus and other jobs bills. We have yet to see a month were we have gained jobs. Even the worse recessions end at some point in time,usually in less then 18 months. When the Democrats let the tax cuts expire and we are all paying more in taxes do you think that will help or hurt the jobs market? If you think it will help then you need help. But what do you expect the employers to do when they are faced with the most anti-business and anti-employment administration in our lifetime? This admin. has made it hard for those "rich fat cat" employers to keep doing business in this country. And since this admin has taken office they have made everything but main street employment their focus. This admin has given added costs in health insurance that is being trickled down to the employee or consumer. But the left keep blaming Bush and the Republican Party even though Bush has been gone for almost  years now and Congress has been run by the Democratic Party for almost years now. When will enough be enough and when will this admin and the Democratic Party take responsibility for what they are doing to our economy? We told the left that this would happen. The left told us they would make things better. Who do you believe now? But the Democrats will offer more unemployment benefits to the unemployed while the Republican will offer a change in coarse so that the private sector can start to create jobs again without fear of reprisal from the government. At some point in time the unemployed will realize their is no such thing as free money for their vote. If you want a job then you need to vote against everyone that is in office now. Because that is the only way we will get the change we need to create jobs in this country again.


  1. Chris, the recession is over. You need two straight quarters of no GDP growth to be in a recession. We've had GDP growth since last Oct.

    And contrary to your 18 month theory Reagan was still hemorrhaging jobs at this point in his first term.

    why do you persist in creating bullshit lies?

  2. Are you joking Joe? We are going in the wrong direction for a recovery Joe. Everyone is saying we are heading for a double dip recession. You were most liikely one of those libs that called for a recession 3 years before it came and then said look I told ya so when we got that cycle that we have gotten sinse the beginning of American stock market. You keep telling yourself it's all over Joe and we will stick with what we know is true. Stop believing what the Democrats keep telling you. They've lied about everything and it makes you look like an idiot when your proven wrong. IE,death panals are real,paid abortions are in the bill,the stimulus bill didn't work to create jobs,unemployment is way past 8%,post racial,things will get better,that one makes me laugh... Dream on little buddy you keep telling everyone the economy is heading in the right direction it makes you look so smart and wise. By:

    Gross Domestic Product in the United States slowed in the second quarter (April to June) to 2.4% annual rate from 3.7% in the previous quarter.

    This was the fourth straight quarter of growth for the world's largest economy but was slightly below the consensus forecast.

    The average US GDP growth over the last six months stood at 4.4%.

    The second-quarter GDP figure marked the fourth straight quarter of growth and confirmed economists' views that the recession that began in December 2007 ended at some point in the middle of 2009.

    The rate of expansion in the first quarter (January to March) was revised up to a 3.7% rise compared with the prior estimate of a 2.7% increase.

    However, the worst US recession since the 1930s was even deeper than previously estimated, reflecting bigger slumps in consumer spending and housing, according to the Commerce Department’s annual revisions issued today.

    The US economy shrank 4.1% from the fourth quarter of 2007 to the second quarter of 2009, compared with the 3.7% drop previously estimated, today's report showed.

    Household spending fell 1.2% in 2009, twice as much as previously projected and the biggest decline since 1942. Consumer spending, which accounts for about 70% of the US economy, rose at a 1.6% pace last quarter, compared with a 1.9% rate the previous three months that was smaller than previously estimated.

    Much of the deceleration in the second quarter was due to the trade sector. Consumer spending was only slightly weaker than the first quarter.

    The trade gap in the second quarter widened to US$425.9 billion from US$338.4 billion, subtracting 2.8% from growth, the biggest reduction since 1982, today’s report showed. Imports grew at a 29% pace, while exports climbed 10%.

    Consumer spending slowed to a rise of 1.6% after rising at a 1.9% annual pace in the previous two quarters. Consumer spending added 1.2% to GDP.

    Business investments rose at a 17% annual rate in the second quarter after a 7.8% gain in the first quarter. Business fixed investment added 1.5% to growth.

    Inventories increased by US$75.7 billion. The change in inventories added 1.1% to growth.

    The savings rate rose to 6.2%, the most since 1998. Real disposable income rose 4.4%.

    Corporate spending on equipment and software jumped at a 22% annual rate, the biggest increase since 1997.

    The Fed’s preferred price gauge, which excludes food and energy costs, rose at a 1.1% annual pace after an upwardly revised 1.2% rate in the first quarter, today’s report showed. The revision may help ease concern over deflation.

    This GDP report is the first of three for the quarter, with the other releases scheduled for August and September.

  3. The reason you are seeing a higher GDP is not from the private sector, but from the Government sector.
    GDP= private consumption + gross investment + government spending + exports − imports.
    All put one (government spending) are stagnate... .

  4. Joe All The Unemployeed Waiting For Those Jobs To Be Created Will Be Glad To Know All Is Well And Improvement Is On The Way.GPD Wall Street Mean Nothing When Bills Are Due And Mouths Have To Be Fed.

    What Happens Next Time When Those Created Unemployment Benifit Jobs Come Due For Another Extention. When Does That End. My Guess This Regime Is Not In That Race To The Finish Line. Does Not Fit Their Agenda.

    What The Hell They ve Been Waiting For 18 Months For That Ship To Sail. Problem Being This Regime Is At The Air Port!

  5. I don’t know about you, but I have grown very tired of the word “unexpected”. I am especially tired of hearing that word in conjunction with “unemployment”! Just last week unemployment claims “unexpectedly” topped 484k and now this:
    CNBC: New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.
    Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November, the Labor Department said on Thursday.
    Analysts polled by Reuters had forecast claims slipping to 476,000 from the previously reported 484,000 the prior week, which was revised up to 488,000 in Thursday's report. [MORE]
    Michelle Malkin says that the use of the word “unexpected” has now reached the point of parody. Sorry, Michelle, it has gone way beyond that to the point of being a cruel joke.

  6. The Jobless Rate INCLUDING Citizens Who Have STOPPED Looking Is Over 16% I Beleive And Politicans And Regime Are On Vacation. All Must Be Getting Their Lazers ready!

  7. Chris did you read what you posted...

    "The average US GDP growth over the last six months stood at 4.4%."

    Thats good.

    "The second-quarter GDP figure marked the fourth straight quarter of growth and confirmed economists' views that the recession that began in December 2007 ended at some point in the middle of 2009."

    like i said, ended in 2009.


  8. Mark, great theory but i wouldn't post it without reading Chris's comments.

    Remember the growth was tagged at 4.4% for the past 6 months.

    "Business investments rose at a 17% annual rate in the second quarter after a 7.8% gain in the first quarter. Business fixed investment added 1.5% to growth."

    "Corporate spending on equipment and software jumped at a 22% annual rate, the biggest increase since 1997."

  9. Joe All These BIG Numbers The Unemployed Should Really Feel Great Now. Everythings Going UP Including Unemployment Figures And That Helps The Economy How? Heres Another Big Number Actual Unemployment Is Around 16% Counting Those That Just Quite Looking Lazering NEVER Came.

  10. Al, i think this is what your referring to..

    But wait that suggests Ronnie, Georgie, Billy, shrub and Obama all might be hiding the reality of unemployment. That might be too non-partisan for you to comprehend.

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  12. Joe You Got The Time Machine Warmed Up And Moving Now To 2010 State Of The Union Speech "We Will Lazer In On JOBS" Oops!

    Well Done But Once Again Where Are All Those Jobs Joe? You Know Creating Jobs Getting Economy Moving. How Did Socialized Insurance,Suing Arizona,Stimulus,Bailouts, Help Out Those Unemployed Joe You Know The Serious Stuff That Citizens Are Concerned About But Regime Aint! JOB CREATION Should Be JOB "One" But Aint How Come?


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