Barack Obama to admit mistakes in first State of the Union address

[bluffmanxx]

Well... so much for my twatflap theory:

Unemployment rate falls to 9.7 percent, 20,000 jobs cut - Yahoo! Finance


Unemployment somehow dropped back down to 9.7% despite every indication that it was going up this month. There's probably a revision on the way, but the job market is getting there. Let's hope the trend continues at least until the midterm elections so Americans can be voting on policy and not misdirected abject rage.

i've read that there was some manipulating of the numbers involved, but it's still good news. even if the books were cooked, the obama administration is not the first to play games with numbers.

[woman]

get real! when r u people going to stop with the bullshit? do u have coffee wherever u live? drink tons of it and wake up please. we r in a depression. this fucking prez is leading us down down down down! the new prez in 2012 is going to have a huge nightmare to deal with because of obama. we may never recover as a nation from 4 years of this idiot. i just hope congress can somewhat reign him in and limit the damage a little bit at least.

[spaceboy761]

get real! when r u people going to stop with the bullshit? do u have coffee wherever u live? drink tons of it and wake up please. we r in a depression. this fucking prez is leading us down down down down! the new prez in 2012 is going to have a huge nightmare to deal with because of obama. we may never recover as a nation from 4 years of this idiot. i just hope congress can somewhat reign him in and limit the damage a little bit at least.

This would be the misdirected abject rage to which I previously referred.

[billynomates]

Unemployment rate falls to 9.7 percent, 20,000 jobs cut - Yahoo! Finance

My figures could be wrong but isn't that still up 25% when Obama took office? obviously Bush's fault.

[ColdCase]

This would be the misdirected abject rage to which I previously referred.

Yes...such rage...such out and out disdain for your leader. It's as if he was an immigrant who pulled the wool over everybody's eyes, took power and is now systematically dismantling everything Americans hold dear. Stop with the whimpish decaf and brew yourself some man-like Java. Good and black, so you can stare down that Muslim before he hands the next 'white bread' Neo-Dictator In Chief a real mess to dismantle (with the help of Wall Street, the Big Banks, and The Religious Right.)

The first order of business though, the policy which MUST be reversed before the new 'Great White Hope' can even try to fix the bastard's shitstorm is.....wait for it.........reinstatement of good ol' American torture.

Yes....bring back the good ol' days!!! THAT'S THE TICKET!!!!! Yipee Kay Yay!!!!

Bring on Sarah.....You Want It Fixed? Grab your beer and your Howitzer, pay $450 to hear her speak and
vote , vote vote for her!!!!!

[ColdCase]

My figures could be wrong but isn't that still up 25% when Obama took office? obviously Bush's fault.

Duh!!!

[billynomates]

Quote Originally Posted by billynomates View Post
My figures could be wrong but isn't that still up 25% when Obama took office? obviously Bush's fault.
Duh!!!

I said I may be wrong so what was the unemplyment rate when Obama took office?

[ColdCase]

I said I may be wrong so what was the unemplyment rate when Obama took office?

Have you ever tried putting your index finger across your lips and moving it up and down real quick while making sounds?

I think it would suit you.

[billynomates]

The unemployment rate is stuck at 10 percent. If calculations include Americans who aren't in the labor force because they stopped looking for work or were forced to take part-time jobs, the unemployment rate has been above 17 percent since September. The Obama administration promised that the incredibly costly stimulus package would keep unemployment down to 8.1 percent, but the result of so much spending has been more job losses - and Americans are angry.

Mr. Obama used the State of the Union to push a second stimulus package. But with massive deficits mounting and stimulus cash going to everything from unknown ZIP codes to $1.57 million to search for fossils in Argentina, it's painfully obvious that a second stimulus would simply throw more money down the drain. Contrary to Mr. Obama's bizarre assertion that all economists support his orgiastic spending, basic economic data suggest the stimulus actually increased unemployment and delayed recovery.

The president claimed the first stimulus package already "created or saved" more than half of the 3.5 million jobs it was vowed to rescue. But it's hard to see where those jobs are when examining the numbers in the Department of Labor's household survey, which is used to measure the official unemployment rate. The number of people with a job fell by 589,000 in December. On top of that job loss, the number of people no longer in the labor force grew by an astounding 843,000 from November to December.

Since February, when the stimulus package was passed, the number of people not in the labor force has grown by 3.2 million. The number for December represents 26 percent of the entire increase. This is important because these millions of people are not included in the official unemployment rate. The crisis of unemployed Americans getting discouraged and giving up looking for work is ballooning. Of course, they have good reasons to be discouraged. Since February, the total number of jobs has fallen by 4 million.

The simplest way to measure whether Mr. Obama's policies have helped the labor market is to look at the change in the number of people unemployed and the change in those who have left the labor force. Obama economic mismanagement has created a disaster, with those losing their jobs and those no longer looking going up in a virtually straight line last year. (See the chart below.) In the opposite scenario, during a period of economic expansion when the number of unemployed would fall and more people would enter the labor force, there would be a downward sloping line. But as this figure indicates, any slower increase in the number of new people being unemployed is completely offset by the increasing speed that people are completely leaving the labor force.

The growth in the U.S. unemployment rate continues to outpace the rest of the world. Since February, the average unemployment rate for the European Union has grown by 1.2 percentage points. By contrast, the U.S. unemployment rate has grown by 1.9 percentage points - a 58 percent greater increase. Nor does the rate look particularly strong compared with what economists were predicting at the beginning of last year. Back in mid-January 2009, business economists and forecasters surveyed by the Wall Street Journal expected the December unemployment rate to be at 8.6 percent.

This si from the 'Washington Times', I don't know if this is a respected paper or sensationalist, no doubt Lucas will tell the Welsh cripple the real facts.

[ColdCase]

This si from the 'Washington Times', I don't know if this is a respected paper or sensationalist, no doubt Lucas will tell the Welsh cripple the real facts.

...or maybe if you cross your eyes while doing that, I might find you credible enough to respond.