New Unemployment Claims Rise "Unexpectedly"

[Conan71]

FAIL

According to Jim's political contributions last year he's a "D"  . . . and a big bundler no less!!!!!

SCHUMER '98  $2,000  (under The Street)

DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE (D)  $20,000 (under "The Street")

DNC-NON-FEDERAL INDIVIDUAL (soft-money donation)  $80,000 (bundeled under "The Street")

DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE (D) $20,000 (under "Cramer & Company")

Going down the list he's given $261,000 to Democrats, $0 to Republicans.

Quit posting facts, Gaspar.  It's getting in the way of trying to prove how bad all those greedy Republicans on Wall Street horked the economy.

[Gaspar]

Quit posting facts, Gaspar.  It's getting in the way of trying to prove how bad all those greedy Republicans on Wall Street horked the economy.

Sorry.  My bad!

[FOTD]

Lack of patience?

[Gaspar]

It's been a year.  187 speeches, 2 vacations, an Olympic junket, a Climate junket, a Nobel prize for something, and trillians of dollars spent with nothing to show for it. 

We are waiting. . . and yes we have grown impatient. 

Ok here's a scenario that even the most corrupted economic mind can process.
You are the president of a company that is floundering. 

You have the most innovative workforce in the world.  You need to increase business and get out of the red.

Do you:
A.     Incentivize your least productive workers with bonuses for non-enterprise functions in an effort to gain their continued support?
B.   Incentivize your most productive workers with bonuses for innovation and increased production?


Do you:
A.   Reward innovation by allowing workers to develop new channels of production, distribution and sales?
B.   Curtail expenditure of resources used for innovation in an effort to appear in control?

Do you:
A.   Allow your proven business minds to participate in company planning and steering?
B.   Preserve your power at all costs by keeping a firm grip on the reigns and blaming outside influences for every problem, misstep, and backlash.

Do you:
A.   Say you are listening?
B.   Hear?


To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. . .I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. – President Thomas Jefferson

[Hoss]

It's been a year.  187 speeches, 2 vacations, an Olympic junket, a Climate junket, a Nobel prize for something, and trillians of dollars spent with nothing to show for it.  

We are waiting. . . and yes we have grown impatient.  

Ok here's a scenario that even the most corrupted economic mind can process.
You are the president of a company that is floundering.  

You have the most innovative workforce in the world.  You need to increase business and get out of the red.

Do you:
A.     Incentivize your least productive workers with bonuses for non-enterprise functions in an effort to gain their continued support?
B.   Incentivize your most productive workers with bonuses for innovation and increased production?


Do you:
A.   Reward innovation by allowing workers to develop new channels of production, distribution and sales?
B.   Curtail expenditure of resources used for innovation in an effort to appear in control?

Do you:
A.   Allow your proven business minds to participate in company planning and steering?
B.   Preserve your power at all costs by keeping a firm grip on the reigns and blaming outside influences for every problem, misstep, and backlash.

Do you:
A.   Say you are listening?
B.   Hear?


To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. . .I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. – President Thomas Jefferson

It took twenty years to get us in this mess...you think it's going to take just a year to get us out?  It sure as hell didn't take just a year to get out of the Great Depression.

Typical right-wing rhetoric.

[FOTD]

Gaspar takes the hand off from Guido.

Sick puppies to think this mess should be cleaned up by now. As an employee of the corporation, you are fired for cause being that you failed to do any real number crunching and for negligence in not stopping this mess from occurring in the first place. That's how stupid that analogy you drew was knowing the UCSA can print money whereas a corporation can not. But hell, corporations can do as they wish....they just can't extend their loans out for three generations.

Print more money and spend more in stimulus funds. Get this economy moving again....only this time regulate the abusers.

[Gaspar]

Ugh.  It's like pounding nails into water!

[guido911]

Here's another one:  New homes sale fell "unexpectedly" in December.

http://www.cnbc.com/id/35098179

[FOTD]

Zeledyne layoffs...Baker Hughes layoffs....not good for Tulsa.

http://www.newson6.com/global/story.asp?s=11888914

BH is on good rumor....relocations to Texass

[Conan71]

Zeledyne layoffs...Baker Hughes layoffs....not good for Tulsa.

http://www.newson6.com/global/story.asp?s=11888914

BH is on good rumor....relocations to Texass

Hmmm, I wonder how upset Price is about that investment now?  Though I admire him for keeping the plant going close to full speed a lot longer than Ford, er Visteon would have.  Word around the campfire is this plant was a tax hedge for Price.

Where exactly is this recovery some of the more dense members on here are claiming?

[guido911]

Unemployment claims have risen "unexpectedly" again. "Horde the Change":

http://news.yahoo.com/s/ap/20100204/ap_on_bi_go_ec_fi/us_jobless_claims;_ylt=AqS2pz0ovOnMdQCGLt_OcKiyBhIF;_ylu=X3oDMTJpcm44cGJiBGFzc2V0A2FwLzIwMTAwMjA0L3VzX2pvYmxlc3NfY2xhaW1zBGNwb3MDMQRwb3MDMQRzZWMDeW5fdG9wX3N0b3J5BHNsawNmaXJzdC10aW1lam8-

THEY TOOK OUR JOBS!

[nathanm]

Unemployment claims have risen "unexpectedly" again. "Horde the Change":

http://news.yahoo.com/s/ap/20100204/ap_on_bi_go_ec_fi/us_jobless_claims;_ylt=AqS2pz0ovOnMdQCGLt_OcKiyBhIF;_ylu=X3oDMTJpcm44cGJiBGFzc2V0A2FwLzIwMTAwMjA0L3VzX2pvYmxlc3NfY2xhaW1zBGNwb3MDMQRwb3MDMQRzZWMDeW5fdG9wX3N0b3J5BHNsawNmaXJzdC10aW1lam8-

It surprises you that unemployment would still be going up given the current lack of any real economic rebound?

[Conan71]

It surprises you that unemployment would still be going up given the current lack of any real economic rebound?

That was the author's words, not his.  What happened to the glee club that was on here earlier in the week proclaiming the recession was over and we are in a strong recovery?

[guido911]

It surprises you that unemployment would still be going up given the current lack of any real economic rebound?

Come on Nate, I started this thread mocking the media's continued use of the word "unexpectedly". Go back and read my first post, it will sound eerily similar to what you just posted.

[nathanm]

That was the author's words, not his.  What happened to the glee club that was on here earlier in the week proclaiming the recession was over and we are in a strong recovery?

There are some signs of possible recovery. This has not yet had an impact on unemployment, however. Presuming it keeps up, we should see some modest decreases in unemployment in the next few quarters. It doesn't help that there's a lot of fear amongst business owners of a double-dip. I think it could easily go either way. The late 2009 inflation numbers do provide some hope that we at least won't end up in a deflationary spiral, but it's still too early to tell where we're headed.

My apologies, guido, for misunderstanding your post. I agree that it's stupid to describe increases in unemployment as "unexpected," at least for the magnitude of increase we are seeing.