The Mudcat Café TM
Thread #115883   Message #2791749
Posted By: Sawzaw
18-Dec-09 - 10:26 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
Amos:

He asked for it and he said he would fix it.

When is he going to take on the job he applied for?

His focus is on ideological bullshit that does not put bread on the table for the American people. It just runs up the deficit that the american people owe.

Out of work? Sure, here is some extended unemployment beneifts that you will eventually have to pay back with interest.

His chosen Treasury Secretary, head of the IRS [who does not have the brains to fill out an income tax form] was part of the Paulson Gang.

How about a list of the members of this gang?

The Myth:

Larry Summers: "everybody agrees the recession is over"

The reality:

AP December 18, 2009:

WASHINGTON (AP) -- In a reversal of earlier gains, more states lost jobs than added them in November, signaling that hiring is occurring only sporadically around the country.

Unemployment rates dropped in 36 states and the District of Columbia, but that trend appeared to reflect more people leaving the work force. Unemployed people who stop looking for jobs out of frustration aren't counted in the labor force.

Friday's Labor Department report underscored that employers have yet to ramp up hiring, and many Americans can't find work. The number of people jobless for at least six months rose last month to 5.9 million, according to a separate report released earlier this month. And the average length of unemployment exceeds 28 weeks, the longest on records dating to 1948.

It was the first time since April that more states' unemployment rates fell than rose. But two states, South Carolina and Florida, saw joblessness reach its highest point in 25 years. And economists say most states' unemployment rates will rise as the stimulus programs wind down and seasonal jobs taper off.

"Even though things are getting better, they're not getting better fast enough to keep unemployment from rising in the next six to nine months," said Mark Vitner, senior economist at Wells Fargo & Co.

Vitner said he expects unemployment nationally and in most states to continue inching up before cresting in about nine months. He predicts it will be six more months before there are any consistent job gains.

In all, 19 states added jobs in November, down from 28 in October. Thirty-one states and the District of Columbia suffered a net loss of jobs.....

The Democrat solution for rising unempyment is to extend unemployment benefits.