New Unemployment Claims Rise "Unexpectedly"

[guido911]

Why when there is bad news on some issue it seems to be "unexpected"? These weekly gyrations in unemployment figures during this recession should be expected I would think.

http://apnews.myway.com/article/20091217/D9CL3AOG1.html

[rhymnrzn]

It is not unexpected while we read about the latest business closings, foreclosures, bank closings, layoffs, revenue shortfalls, and budget cuts in governments and universities.  Reading the article in the Tulsa news page, we learned that 1000 people showed up for 50 job openings.  That's better odds than how many rich men will enter the kingdom of heaven, that's for sure.

[FOTD]

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

wow. Bush II results are in!

[guido911]

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

wow. Bush II results are in!

Love the huge jump in unemployment AFTER stimulus passed.

[Conan71]

Uh let's see, it went up 1.5 points under the Bush portion of that animation.   How many more points has it gone up since January 2009?

Obama and Geithner need to keep their mouths shut when it comes to economic policy.  They rode the market into the ground for the first six weeks of the administration by bad-mouthing the economy and making it even more difficult for companies to borrow money when they most needed it.  They kept talking it down like they were still campaigning.

Now today the Dow is down 213 points led by threats to go after banks by Obama.

What is it with these arrogant idiots?  Why do they think the majority of Americans want the government to beat up on non-union industries like medical, insurance, and now banking?  All people really want right now are jobs.  Making threats and dumbing down the very means by which non-government growth is possible is simply stupid.  Let's see how much drier credit markets can get.

Again: Polls aren't saying people want Wall Street punished.  They aren't saying we want more government control.  They are saying we want jobs. What is so difficult to understand about that?

[waterboy]

Lets see. Banks report that executives are to receive record bonuses. Banks that took tax payer money to survive. Not much response from voters, TN posters or Wall Street.

Obama says if the banks are doing that well, perhaps we should look at regulation. Regulation that would keep them from buying stocks in the banks name thereby jeopardizing depositor funds. Oh, well its all insured right? And the taxpayer baled us out once right? And the stock market tumbles and TN posters groan.

Yeah, that makes sense.

[rwarn17588]

Considering how the banks royally fjucked things up, when even a Joe Sixpack as I was telling folks four years ago on this very forum that something was going seriously awry in lending practices, I'd say that more bank regulation should be applauded, not derided.

[nathanm]

I'd say that more bank regulation should be applauded, not derided.

As long as the focus is on what the Dow is at rightthissecond, anything day traders don't like will be derided by a significant portion of our society. That's one of the biggest downsides to the sea change towards 401(k)s.

What is in the best interest of the short term earnings of large corporations is very likely not in the best interest of our country as a whole on occasion. That's OK. Not everybody gets what they want all of the time. These people have gotten so used to getting their way in government 100% of the time, the prospect of them only getting what they want 90% of the time upsets them. I can only imagine the tantrums they would throw if they were like the rest of us and rarely got what we wanted out of government.

[Conan71]

Dow slides another 200+ pts today...Not a sign of confidence

[Gaspar]

Why when there is bad news on some issue it seems to be "unexpected"? These weekly gyrations in unemployment figures during this recession should be expected I would think.

http://apnews.myway.com/article/20091217/D9CL3AOG1.html

The fluctuations in unemployment are actually caused by global warming and environmental racism due to the policies of the Bush administration. 

[FOTD]

The fluctuations in unemployment are actually caused by global warming and environmental racism due to the policies of the Bush administration. 

You part of the cover up?

[Gaspar]

You part of the cover up?

Vast right wing conspiricy. . .We meet every Thursday for coffee at Starbucks.

[joiei]

Dow slides another 200+ pts today...Not a sign of confidence

But didn't all the pro republican business guessers like Jim Kramer predict that with the election of Brown the Stock Market would boom upwards, so where is that upward movement?   Or is Kramer just full of gas. 

[Conan71]

But didn't all the pro republican business guessers like Jim Kramer predict that with the election of Brown the Stock Market would boom upwards, so where is that upward movement?   Or is Kramer just full of gas. 

I don't pay attention to Kramer. He's a c*nt and a sell-out. I have no idea what his political affiliation is either. Actually a lot of big shot Wall St. types are Dems contrary to what one would think.

[Gaspar]

But didn't all the pro republican business guessers like Jim Kramer predict that with the election of Brown the Stock Market would boom upwards, so where is that upward movement?   Or is Kramer just full of gas. 

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.