76 Votes

Avatar forMARTIN

First buzzed by: MARTIN

What recovery? Unemployment shoots past 10 percent (AP)

Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought. » Full Story on Yahoo! Finance
CB

The White House plan aint looking good folks:

http://www.powerlineblog.com/archives/as
sets_c/2009/11/11-09-unemployment.php

posted Nov 6, 2009 |
+7
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You are all morons. The expected peak of unemployment was 10.4 %.You are obviously republitards looking to disgrace the efforts of the spending. I could find many predictions of employment numbers that fall perfectly in line with the current numbers. GDP is the measure of economic growth. In case you needed refreshment in economic theory. That’s Government spending +Business+ consumer spending+ net exports. If you are reporting please check your facts and don't head straight for the goodies of bashing the government. You must suck in bed.

posted Nov 6, 2009 |
-16
Reply

Average work week one year ago was 33.6 hours. Now it's 33.0.
That's another 1.8% unemployment so now we have 10.2 + 1.8 =
12%. Also, up to 2006, the ratio of reported to not reported was 3:1.
So given an 2006 unemployment of 6%, another 2% were unemployed
but not reported. In the fall of 2006, the ratio changed from 3:1 to 1:1.
It is probably qorse now. Anyway, at 1:1, the real number unemployed
is now 12% + 12% = 24%. BOTH DEMOCRATS AND REPUBLICANS play this little game to make themselves look good.
It's a tough job that.

posted Nov 6, 2009 |
+12
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WHOSE LEGACY IS THIS? MR PRESIDENT WILL DO WELL TO INITIATE NEXT STIMULUS DIRECTED TOWARDS BIG BUSINESS FOCUSED ON GREEN TECHNOLOGIES SUCH BIO-ENERGY, SOLAR ENERGY AND NANO-TECHNOLOGY. TO FOCUS FURTHER MAY BE WE WILL DO BEST TO FOCUS ON BIO END SOLAR AT TIS POINT. OR SPLIT UP THE NEXT STIMULUS IN THE RATIO OF 70-50 FOR BIG AND SMALL BUSINESS. QUICKER WE COME OUT OF OUR DEPENDENCE ON THE FOREIGN OIL SPPEDY WILL BE OUR RECOVERY FROM OUR SAVINGS. SOLAR ENERGY WILL BRING BIG DIVIDENDS IN STRENGHNING THE ECONOMY FURTHER.

IT WILL ALSO BE BETTER TO FOCUS ON DIFFERENT TECHNOLOGIES IN THE DIFFERENT PARTS OF THE COUNTRY SUCH AS WIND MILLS FOR ALASKA AND SOLAR FOR SOUTH. NO BODY CAN BEAT US AND NOBODY WILL BE ABLE TO BEAT US.

HAPPY PEPPY

posted Nov 6, 2009 |
-13
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SO WHO IS OBAMA GOING TO BLAME THIS TIME---HE CLEARLY ISN'T MAN ENOUGH TO TAKE THE BLAME, HIS MUST HAVE STIMULUS IS A TOTAL FAILURE AND HE WANTS TO CREATE MORE SHORT TERM JOBS LIKE ROADS.
ANY DAMN FOOL KNOWS THESE ARE SHORT TERM TEMPERARY JOBS.
AMERICA NEEDS LONG TERM JOBS BUT OBAMA IS TOO STUPID TO REALIZE THIS OR JUST DOESN'T WANT TO CREATE ANY JOBS AS HE HAS DONE SO FAR.
JUST LIKE HIS GREEN ENERGY PLAN WHERE HE KILLS AMERICAN OIL DRILLING BUT SENDS MILLIONS OF DOLLARS TO EUROPE AND S.AMERICA FOR THEM TO DRILL.
GREEN ENERGY IS HIS WAY OF PAYING BACK THE 100'S OF MILLIONS THAT G.E. SENT HIS TO BUY THE WHITE HOUSE----JUST MORE CORRUPTION AND FRAUD.
OBAMA WON'T CREATE ANY JOBS UNTIL AMERICA SUFFERS ENOUGH TO PASS HIS SOCIALIST AGENDY.
OBAMA = CHAVEZ

posted Nov 6, 2009 |
+12
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I'll bet ACORN gets more taxpayer money to hire on more people, then they can sign up more illegal aliens.

posted Nov 6, 2009 |
+13
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This is all part of Stinkin BO's plan. We have not seen anything yet. If he signs the climate change bill next month, it will be the end of the USA. The sad thing is, it's against the Constitution for him to even consider signing this bill, and we are letting him do it!!! WAKE UP AMERICA BEFORE IT IS TOO LATE. HE HAS GOT TO BE STOPPED FROM SIGNING THIS BILL!!!!!!

posted Nov 6, 2009 |
+12
Reply

Government says unemployment is 10 percent.............wrong if you add in people that quit looking for work, it would in reality be 12 percent. Elvis' record "Blue Christmas" will probably sell well this year.

posted Nov 6, 2009 |
+13
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km

WE NEED A CLASS ACTION SUIT FILED AGAINST THIS ADMIN TO STOP THEM FROM CRAPPING ON OUR CONSTITUTION AND FORCING THEM TO SHOW US WHERE THEY ARE GIVEN THE RIGHT TO PASS THESE RIDICULOUS PROGRAMS... THESE ARE NOT CONSTITUTIONAL AND CAN BE OVERCOME BY LAW.

posted Nov 6, 2009 |
+10
Reply

The real unemployment rate (the U6 number which includes everybody) is 17.5%. The government only gives the U3 number to make unemployment look better than it actually is. Wisen up. It's getting worse, not better.

posted Nov 7, 2009 |
+8
Reply
G

The job recovery is in the whitehouse,all the tsars BO appointed,and all the other federal jobs he created.

His actions over the Ft. Hood shootings showed me what kind of person he is,and thats what we are stuck with.

posted Nov 7, 2009 |
+8
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Wow 10.2 % unemployment. Raise your hand if you didn't see that one coming. I'm not the least bit surprised myself.

posted Nov 7, 2009 |
+7
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Are they kidding ? It was 16 % when they were saying it was 8%... Now it's close to 18 % and they're still spinning.. The next time they start to shout these lies, wire their lying mouths shut.

posted Nov 7, 2009 |
+6
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Preparation H was manufactured to relieve a pain in the azz, are there any plans to develop a Preparation "O"?

posted Nov 7, 2009 |
+5
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ol jeff must be working for hobama you dumb ass ball licking lib

posted Nov 7, 2009 |
+3
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So this is hope and change? Thank you democrap politicians, enjoy your hi lifestyle, jets, limos, healthcare, etc. You are sorry sorry people

posted Nov 7, 2009 |
+3
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Thanks Alot President Pinhead.

posted Nov 7, 2009 |
+1
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Since the big spending (and deficit enlarging) "stimulus" bill isn't working, why not try tax cuts for businesses? It has worked in the past so it's worth a try now. I know that liberals cannot stand the idea of allowing businesses and individuals to keep more of their money, but Obama has to try something besides more government spending and increasing the handouts.

posted Nov 7, 2009 |
+1
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Except for insuring some UAW jobs with billions in handouts and creating government jobs, Obama has been a total and complete failure in curbing unemployment but nothing has stopped this idiot from spending us into obvilion for years to come. Hundred of billions are being spend to support and provide aid to illegals and the thought of stopping this and deporting them to create jobs for Americans has not crossed his feeble mind. Obama has his focus on gaining absolute control of our lives and nothing, absolutely nothing, will change his goal regardless of how our citizens and nation suffers.

posted Nov 7, 2009 |
0
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