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View Full Version : BO's "Recovery" is chugging along just as suspected and EXPECTED.


boxcar
08-12-2010, 11:31 AM
not!

As El Rushbo has rightly been saying for a long time now, "What recovery"?

You always gotta love articles like this when they report bad economic news. The magical formula (which I guess is supposed to mitigate the negative news) invariably contains these words or something very similar:

"First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That's the highest total since February.

Initial claims have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January. The four-week average, which smooths volatility, soared by 14,250 to 473,500, also the highest since late February.

Analysts said that the UNEXPECTED rise in claims suggests hiring in August won't be much better than July. The economy added a net 12,000 jobs last month after excluding the loss of temporary census positions." (emphases mine)

These "analysts" should definitely be considering a career change because their forecasts have left much to be desired about this "recovery" we've been in for what -- a year now? :rolleyes:

http://news.yahoo.com/s/ap/us_economy

Boxcar

Mike at A+
08-12-2010, 11:49 AM
I've said it before and I repeat. All Obama needs to do is to go on TV and announce that he supports the permanent extension of the Bush tax cuts for EVERYONE (even those evil rich people). THAT is when the recovery will begin.

ArlJim78
08-12-2010, 12:11 PM
with the oppressive strangulation of the private sector that has been going on, we'll be stuck in a lackluster slow or no growth mode until Chris Christie is elected president.

Snag
08-12-2010, 12:29 PM
BO does not want a recovery to start before early 2012. That's why they have not spent all the bail out money. They will put the remaining money into the economy right before the campaign heats up in 2012 so they can have positive news to talk about. They gain nothing by having good news now.

These people could care less about new jobs unless it comes through the unions or government employment. In fact, without a job, there is more pressure building for support of a single payer health care plan run by the government. The dems couldn't get it the first time so they will wait till the unemployed folks call for it.

fast4522
08-12-2010, 06:59 PM
Some just do not get it, there is no money. The purse strings will be tightened to the point services will have to be slashed real soon.