Full story: Newsday
Since: Nov 08
Wait a minute. The unemployment rate went UP. How did that happen? Gotta be that George Bush guy...
It's easy when BLS is so talented at doctoring the numbers.
Last month was revised higher, from 155K to 196K.
And November was revised even higher, from 161K to 247K!
Those are some seriously impressive ... uh ... "revisions."
Meanwhile, the labor force continued to SHRINK, bleeding another 169,000 American workers, bringing the total up to 8,500,000 American workers wished into the cornfield by the Obama administration.
2.17 million jobs were created last year, the best annual total since 2005, better than seven of the eight years Bush/Cheney were in office.
Offset by 1.1 million dropping out of the labor force over the same period.
If you want more of something subsidize it, and if you want less of something, tax the hell out of it. Obviously you want far fewer people of wealth, so we can move towards us all being equally desperate and poor. Why would you want that Joe? Maybe you should first examine your own character of selfishness, greed, and jealousy before you decide your entitled to decide for others what they are entitled to?
Three years ago, a terrible thing happened to economic policy, both here and in Europe.
Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment.
Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget deficits should be the overriding priority.
That's an entertaining fairy tale, joe.
Unfortunately, in the real world, what the data shows is that the Western world’s policy elite really decided en masse that getting re-elected was the crucial concern, and that INCREASING budget deficits was the overriding priority - as the data shows that's in fact what these clowns have actually done - to the tune of $1 TRILLION added to the debt every year, with no sign of real deficit reduction anywhere in our future.
Which is why these incompetent and irresponsible spendthrifts must be run out of power ASAP, and replaced with responsible people who will immediately slash federal government SPENDING (which is the real & ONLY problem - fcuk the "deficit" red herring) back to its historically sustainable rate of 18% or less of GDP.
Slash SPENDING, and the deficit fixes itself.
Deficits reduce themselves when economy picks up and employment rises and people have money to spend on products and services.
Nothing grows unless you water it.
Show us where "slashing federal spending" has turned around an economy. Anywhere, anytime, ever.
Thanks a bunch.
Under Obama there have been 2 embassy attacks and 4 deaths. Under Bush there were 11 embassy attacks and 52 deaths.
Show me where spending and printing a Debt Currency (not that you know what that means) has "turned around a currency around."
Enjoy the bread line you will soon be on... if you're lucky.
Sure... if you're willing to ignore six attacks
Hey! I see you are all talking about politics, but have you tried to do something for your country? I am taking part to a worldwide political-strategical simulation with thousands people from all around the world, and I see politics aren't that easy you seem to say.
It's not a waste of time to give it a chance.
You can't show any instance where cutting federal spending has turned around an economy. Anywhere, anytime, ever.
Thanks a bunch. Again.
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed."
-Dwight D. Eisenhower
Nobel Prize-winning economist Joseph Stiglitz on Sunday said the United States would continue to recover from the economic collapse at a snail’s pace unless the middle-class was strengthened.
During an appearance on MSNBC, he argued that economic inequality was weakening the economy because it resulted in a lack of demand for goods and services.
“What sustains the American economy is consumption, and the people at the top spend on consumption a smaller fraction than those at the bottom,” Stiglitz explained.“In fact, those at the bottom have to — to get by — spend about basically 100 percent. So when you move money from the bottom and the middle to the top, overall spending gets constrained, and that weakens the economy.”
Stiglitz noted that middle-class wages and incomes had only increased modestly, while 93 percent of income gains in 2010 went to the wealthiest 1 percent of Americans.
Social Security is fully solvent until 2037 and is not in crisis. But one way to make sure there are no cutbacks in benefit cuts after that is to lift the payroll tax cap so wealthy Americans contribute more into the system.
A new survey from the National Academy of Social Insurance finds that most Americans want to do just that. When survey respondents were asked how they felt about the statement “It is critical to preserve Social Security even if it means increasing Social Security taxes paid by wealthy Americans,” 87 percent of them agreed, with 62 percent of them strongly agreeing.
It’s worth noting that this number includes even 71 percent of self-identified Republicans (and 86 percent of self-identified independents).
Your willful ignorance is most impressive.
Example? You need look no farther than the US post-1945. Largest cut in us FEDERAL Government spending (a.k.a. CONSUMPTION) in history (from 48% to 15% of GDP), resulting in the largest expansion of economic productivity and wealth in human history.
You've got a lot to learn - if you can overcome your anti-globalist neo-Luddite progressive lefty wealth-redistributionist class warrior ideological mind-lock.
When you're spending <18% of GDP on Government (= essentially all forced CONSUMPTION), no problem.
When you're spending 40%, as we are today in the US - you're diverting scarce wealth into forced consumption that would otherwise be available to fund investment and economic growth. You're eating your economy's seed corn, in simple terms.
The US is limping along at an anemic 0-2% p.a. GDP growth for one main reason - THE FEDERAL GOVERNMENT IS SPENDING TOO MUCH. Adding to this is the fact that these incompetent crooks are funding this Potemkin Economy Party with fake money - forcing the nation to mainline fiscal heroin - and their Wall Street banker buddies are the Drug Lords who are profiting by it.
When the Fed's "free" dope supply is cut off, it's going to be Panic in Needle Park for America's middle class - it will be ugly.
Just remember who got us hooked - Barry Blow. He'll be laughing on the beach in Hawaii.
OIL - You better be sitting down when you read this!
As you may know, Cruz Construction started a division in North Dakota just 6 months ago.
They send every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers.
They just bought two new Kenworth's to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it.
They also bought two new cranes (one crawler & one rubber tired) for that division.
Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.
Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available.
Unemployment in ND is the lowest in the nation at 3.4 percent last I checked.
See anything in the national news about how the oil industry is fueling North Dakota 's economy?
Here's an astonishing read. Important and verifiable information:
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.
The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer;
how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."
The U. S.. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big.
It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota , western South Dakota , and extreme eastern Montana .
Check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.
"When I first briefed legislators on this, you could practically see their jaws hit the floor.
They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.
"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette .
It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.'
It stretches from Northern Montana, through North Dakota and into Canada .
For years, U. S. oil exploration has been considered a dead end.
Even the 'Big Oil' companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken's massive reserves, and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL !!!!!!
That's enough crude to fully fuel the American economy for 2041 years straight.
And if THAT didn't throw you on the floor, then this next one should - because it's from 2006 !!!!!!
U.. S. Oil Discovery - Largest Reserve in the World
Stansberry Report Online - 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world.
It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.
In three and a half years of high oil prices none has been extracted.
With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news:
We have more oil inside our borders, than all the other proven reserves on earth.
Here are the official estimates:
8 times as much oil as Saudi Arabia
18 times as much oil as Iraq
21 times as much oil as Kuwait
22 times as much oil as Iran
500 times as much oil as Yemen …and it's all right here in the Western United States !!!!!!
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil!
Again, we are letting a small group of people dictate our lives and our economy. WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact areathan the entire Middle East , more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post .
Don't think 'OPEC' will drop its price even with this find? Think again! It's all about the competitive marketplace.
Think OPEC just might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it, do this:
Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices, by doing NOTHING, you forfeit your right to complain.
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way, this can be verified. Check it out at the link below !!!!!!
http://www.usgs.gov/newsroom/article.asp... > ; < < http://www.usgs.gov/newsroom/article.asp... ; http://www.usgs.gov/newsroom/article.asp... ; >
http://www.cruzconstruct.com/ ; < http://www.cruzconstruct.com/services..php> ;
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