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9.8% / 17% Unemployment!! GO GO STIMULUS!!!
When will the idiots running this country from washington realize COMPANIES will not hire people until they are assured they wont have to pay excessive TAXES for HealthCare and such. this is why thgere are soooo many PT jobs or "seasonal" jobs available. You dont have to give them benefits, and can fire them easily.
Small business owners like myslef are AFRAID to hire, because we know a nice big tax bill is going to be coming and we need to save money. ------------ WASHINGTON (AP) -- The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is still inflicting widespread pain and underscores one of the biggest threats to the nascent economic recovery: that consumers, worried about job losses and stagnant wages, will restrain spending. Consumer spending accounts for about 70 percent of the nation's economy. The Labor Department said Friday that the economy lost a net total of 263,000 jobs last month, from a downwardly revised 201,000 in August. That's worse than Wall Street economists' expectations of 180,000 job losses, according to a survey by Thomson Reuters. The unemployment rate rose from 9.7 percent in August, matching expectations. "The labor market is still going backwards," economist Joel Naroff, president of Naroff Economic Advisors, wrote in a note to clients. The report also points to an uneven economic rebound, analysts said. "We remain convinced that we are in the early stages of an economic recovery," said Michelle Meyer, an economist at Barclays Capital. But today's report "suggests the recovery will be bumpy in the beginning." If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994....... Jobless rate reaches 9.8 percent in September - Yahoo! Finance
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"If they going to take credit, fair enough ... but it ought to come with a healthy dose of 'Thank you, George Bush" "Obama and Biden campaigned from one end of the country to the other for two years criticizing our Iraq policy," "If they had had their way, if we'd followed the policies they'd pursued from the outset or advocated from the outset, Saddam Hussein would still be in power in Baghdad today." Dick Cheney |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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"If they going to take credit, fair enough ... but it ought to come with a healthy dose of 'Thank you, George Bush" "Obama and Biden campaigned from one end of the country to the other for two years criticizing our Iraq policy," "If they had had their way, if we'd followed the policies they'd pursued from the outset or advocated from the outset, Saddam Hussein would still be in power in Baghdad today." Dick Cheney |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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Thus far all evidence points to my theory being correct. Lets also not forget the already increased taxes on business which makes it even harder for these companies to hire people.
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Sic Semper Tyrannis ![]() [/b]the left is always wrong[b[ http://www.myspace.com/swoop187muzic |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
These rightwing nuts can't decide of Obama is focusing too much on domestic affairs or not enough on domestic affairs. Maybe if they could get their stories straight, how I feel about them might improve from disdain to reproach.
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Is our children learning? -George W. Bush "I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006 "[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004 |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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"Democracy is two wolves and a lamb discussing what's for dinner. Liberty is a well armed lamb willing to contest the majority decision!" ~ Benjamin Franklin "Diplomacy is the art of saying Nice Doggie! while you're looking for a rock. ~ Wynn Catlin "There are no innocent civilians." - Gerneral Curtis Lemay. A.K.A Bombs away Lemay |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
Look,we all know and Obama has said we will see 10% unemployment. Far be it from me to defend him but frankly we knew we are going to get there so this 1/10th rise is well, anti-climactic.
Congress holds the purse strings all he can do is veto, yes we know all of the past 8 months history etc etc. Frankly he is ideologically simpatico with Nancy and Harry and the farther left, I don’t think that’s any kind of secret anymore. So the beat downs are tired ( though I will admit everytime the local news puts on a blurb about how we are turning a corner I want to scream shut the fuc up). He should be preparing himself for what happens when it hits 10%, its just another number, its not 9.9 or 10.1, but is a threshold, or benchmark we have created that imports greater concern than its worth alone. None the less, when it does hit 10, he and the dems are gonna lose I’d say 2-3 points on that issue alone, period. At this rate it may be in March. Frankly the closer to the mid terms the worse for them. I do however think he may not be setting a very good example as to working on the have to haves as opposed to the want to haves. I mean did he and Michelle really need to fly to Copenhagen on separate aircraft so they could accommodate their entourages ( to say nothing of the carbon footprint)? That’s dumb. Illinois is broke and in the red, Chicago too. Do they really need to spend 500 million dollars on the Olympics right now?
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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose." |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
Obama should be doing everything in his power to make the hiring of Americans easier for business owners rather then make it more difficult.
The government is doing everything it can to employ people them selves and expand government. The liberal government has no interest in helping the free market grow jobs. Its the government or nothing, thats pretty much what these liberals created in the way of jobs. This way of thinking will collapse our economy OR it will expand government so much the free market will be a thing of the past and the government will be Americas #1 super corporation.
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Sic Semper Tyrannis ![]() [/b]the left is always wrong[b[ http://www.myspace.com/swoop187muzic |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
I see he has Biden taking the heat for it today.
Yes its not surprizing that its gone up, its well known that it will continue to, but the worse than expected numbers do matter. It all goes to show its to be a "U" shaped recovery with a very wide base part of that "U". That really puts the whammy on his massive spending proposals that rely on what was always very very rosy projections. Ergo the current push to get health paseed ASAP before even the fringe dems cant risk it politiccally. Of course anyone with their eyes open knew this eas going to happen and that we'll be seeing things turn south again before they ever hope to get better. Got an interesting comment from one of the property management groups I invest in and they said that the big banks are out of business and teetering on bankruptcy despite everything. We STILL got trouble right here in River City... with a capital "T"
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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing. Jesus loves you, allah wants you dead "Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others." Ayn Rand |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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The IOC probably did the same thing I do when Obama or Oprah comes on, change the channel.
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January 21, 2013: The End of an ERROR. "Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters." "When the people find that they can vote themselves money, that will herald the end of the republic." "The Constitution only gives people the right to pursue happiness. You have to catch it yourself." ---Benjamin Franklin |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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He's not doing enough of either. The man is a complete joke and probably the worst President I will ever see in my entire life. inb4itsonlybeen8months. |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
That's absurd. The far left said Bush was going to do the same thing by using the War on Terror as a justification to keep him in the White House.
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"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic." - Senator Hillary Rodham Clinton April 28th, 2003 Carolina Politics Online HOPE AND CHANGE |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
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OH ! So that was the big slap sound I heard before ! I see Tokyo is out too.
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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing. Jesus loves you, allah wants you dead "Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others." Ayn Rand |
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Re: 9.8% / 17% Unemployment!! GO GO STIMULUS!!!
So they were just projecting?
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January 21, 2013: The End of an ERROR. "Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters." "When the people find that they can vote themselves money, that will herald the end of the republic." "The Constitution only gives people the right to pursue happiness. You have to catch it yourself." ---Benjamin Franklin |
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