WOW! Thank God the Democrats rammed through that $787 Billion dollar stimulus package early last year. Can you imagine where we would be if we had allowed all of those "Too big to fail" companies fall down? I'll tell you where's we be... in RECOVERY!!! This country is bleeding red ink all over the place because we are propping up companies that have no business being in business. When a "Leader" in an industry fails, a new company emerges and takes its place. Why? Because the new company has a better business plan, better business practices and probably better products and services. This is what happens in a HEALTHY economy!

Instead, we limp along doing all of the same things we've been doing that got us into this mess in the first place - you know, the whole deifinition of insanity. It was apparent to me over a year ago that Obama was NOT the man for the job. Too bad this country is filled will millions of mouth-breathing dolts who believe anything they hear. I certainly hope they're prepared to watch this situation - the one THEY created by electing this clown - get much worse.

WSJ,
BY LUCA DI LEO AND JEFF BATER
WASHINGTON -- U.S. unemployment rose by more than expected in October to hit its highest level in more than 26 years and employers cut more jobs than forecast, a sign the labor market continues to struggle as the economy emerges from its deep recession.

Do they truley think the People are idiots?? We've been emerging from this "recession" for since it started accordijg to the "experts".


Watch the markets fly hgh on this great news. Everything is backwards these days.

BY PAUL HANNON
LONDON -- There are increasingly strong signals that the world economy is in recovery, with a number of leading developed economies and China clearly in a growth phase, according to figures released Friday by the Organization for Economic Cooperation and Development.


UHMMM?? O.K. Yeah for China. ;-(


BY JON HILSENRATH AND LUCA DI LEO
The productivity of U.S. workers surged in the third quarter, as the economy resumed growing even as employers pushed forward with layoffs and cuts in working hours across a wide range of industries.

The Labor Department said the output per hour of nonfarm workers rose at an annual rate of 9.5% in the quarter, more than four times the average productivity growth rate of the past quarter-century. When taken together with the second quarter's 6.9% rise, it was the strongest productivity growth rate over a six-month period since 1961.


For those still working, You will work harder, faster, stronger. Now I have to get back to work or else!

Originally posted by kozmo
...It was apparent to me over a year ago that Obama was NOT the man for the job. Too bad this country is filled will millions of mouth-breathing dolts who believe anything they hear. I certainly hope they're prepared to watch this situation - the one THEY created by electing this clown - get much worse.

If he isn't the right man for the job, then by all means, please enlighten us with who is.

As far as I know, there is only one other choice you could possibly make... And if that's your idea of the "right man for the job", then let us backtrack so that you get your way and we suffer a worse fate.

The only reason the lesser of the two evils won the "election", is because you couldn't stomach the alternative.. you're not "man" enough.

Here's an interesting observation im seeing..it seems like businesses and corporations literally got rid of all thier hi payed employees, pushed em out the door via pink slip* It seems to me, college is a waste of money, if his is what is to be expected down the road in our lifetimes..$100,000 in fees for college and loans, just so yuo can make $40,000 a year or less, spend the next 30 years paying it all off, end up broke with little saved in yuor savings, and all that time and education, even with jobs you wanted to do with yuor life, are all gone now. in the name of saving and whording massive profits.
man is the system screwed up big time, let alone greedy. I remember back in pre school middle school, high school...what do you wanna do with your life, be when you grow up. Seiously, they should start teaching kids at such a young age, yuor dream job is jsut a dream*
The only answer, by majority, is to constantly keep re educating yuorself., via college or trade shcool then. Work 20 to 30 years in one place, get laid off, gotta do something * ya know. Seems like sacam or scandal that been goin on for quite some time*

Obama will probably say in his press conference today. "Everything is working and we've got a long road to recovery. There's ups and downs but we can get through this." Like he always says and everyone will forget. I still don't think this is enough to get the people off of their tails. You take away the TV or Internet and I guarantee you people will flip out.... That or Health care.

Originally posted by MegaCurious
If he isn't the right man for the job, then by all means, please enlighten us with who is.

That is the big problem --- I haven't seen a true leader offered up by either major party in the last few years. I supported McCain because I thought he would be at least "better" than Obama because he had military experience. I wasn't really all that trilled with him to be honest.

As for the current economy right now - we are in "Deep S**T". It's pretty clear the government is trying to minimize the bad news but that isn't helping the real problem. I hope I am wrong, but I am not convinced the "recession" is over. We could just be enjoying an upward "bump" in a longer downward trend - but I don't know for sure, I'm not an economist.

I wish all of the politicians could get past the name calling, finger pointing and trying to pin blame on each other. Blaming George Bush doesn't fix the problems. Let's try to fix the problems now and let the historians fix blame at a later date.

this is indeed worrisome as we hit the 10% target number several months early...

See the reason those so-called experts said we wouldn't reach a U-3 of 10% until next year was this is the time of year companies take on seasonal employees to help out with the holidays... looks like that's not going to happen...

The other worry is with the same models still in place and this new data rather than expecting a 10.2 by spring of 2010 we might just see 11% or higher???

For those who dont know... why a U-3 of 10.2 % in deeply troubling is only reflects the unemployed collecting benefits...roughly half of all job seekers... 10.2% U-3 is like saying... one quarter (25%) of Working age Americans are now unemployed...

[edit on 6-11-2009 by DaddyBare]

When they started heavily taxing the Upper Class, which we still can't define who is considered RICH in this country. The Upper class are taking it as being punished for doing well. They've went through a lot to get to that success in life. And will do anything possible to save themselves.

Who typically are the Upper Class (Occupations)?

The ones who own large businesses or corporations.

Which they employ the middle and lower class for whatever business or corporation they run.

The Upper, financially are not being able to sustain like they use to. Which leads to downsizing of their industry, which of course leads to unemployment!

Which leads to the middle class not being able to sustain the debt and loans from which they use to be able to account for.

The Upper now, are out to save as much money as they possibly can.

And it beings the ripple effect through every aspect of Economics!


[edit on 6-11-2009 by OpenYourHead]

Originally posted by OpenYourHead
Obama will probably say in his press conference today. "Everything is working and we've got a long road to recovery. There's ups and downs but we can get through this." Like he always says and everyone will forget. I still don't think this is enough to get the people off of their tails. You take away the TV or Internet and I guarantee you people will flip out.... That or Health care.

What is he supposed to do? If you are in charge of a group of kids and you know they are in a large amount of danger what is the first thing most people say. "Everything is going to be all right". If a kid falls and gets hurt" You are going to be fie".

It's what people want to hear and we are trained to say. If he said, ummm guys the world is probably going to end next week because I'm going to be shot according to an year old in mexico and the webbots say we will all die in an earthquake then I don't think many would listen after it didnt happen. And if people did listen the world would just fall into chaos and be worse then it is now.