New Unemployment Claims Rise "Unexpectedly"

[RecycleMichael]

9.1% Unemployment.

Didn't we have 9.6% unemployment the second year of the Reagan presidency?

[Conan71]

Economists have been predicting this static situation so why is this thread worthy?

Scapegoating for Shrub's follies won't help. Anyone who pays attention knows the unemployment situation is not going to change quickly unless:

1) a new "big development" i.e. green energy technology OR some other big advancement ...
2) There's 2 trillion dollah in infrastructure demand, lousy money velocity, and ugly political games. Print more money and reinflate the economy. Get money moving instead of hoarding (which may mean getting rid of fear by censoring Boortz, Hannity, Beck, Limbaugh, and FOX all of whom seem to be compounding the angst by propagating their political agenda).

Uh, economists were predicting an uptick of 125,000 jobs in May according to the article posted. 

President Obama had promised he would mitigate unemployment.  He's going nowhere with it.  Nearly 2 1/2 years after the Bush Administration left, all the lefties with their failed policies can do is continue to blame the Bush administration.  Next joblessness will start growing again because the mean old GOP refused to raise the debt ceiling.  Now you are advocating the Fairness Doctrine as some way to mute the opposition to these failed policies?  That's really rich.

Liberals don't understand how the private sector creates jobs outside of trying to protect unions.  And the unions have made a nice contribution to the Chinese economy by helping to make manufacturing in the United States too expensive of a proposition.  Nope all the liberal mindset comprehends is more government to create more jobs and more intervention in our lives which also stifles growth of public sector business.

[Teatownclown]

I read what economists say will happen 6 months out and further. I pay no attention to these short term periods.

The hypocrisy of Republicans in dealing with the debt they created and blamed on someone else. Now as the logjam continues we are confronted with more of that hypocrisy. You see, these hypocrites simply cannot accept a balanced approach to debt reductions. They want to balance the budget on the backs of workers, children, the poor, and seniors.

These are people that staple teabags to their hats and get really MAD if you call them TeaBaggers. People who lecture US on the Constitution while misquoting it.  Trouble is defaulting on your credit and getting a friendly visit from Louie and his boys. Only in this case, it would be the Chinese and the Arabs.

[Conan71]

I read what economists say will happen 6 months out and further. I pay no attention to these short term periods.

The hypocrisy of Republicans in dealing with the debt they created helped create and blamed on someone else. Now as the logjam continues we are confronted with more of that hypocrisy. You see, these hypocrites simply cannot accept a balanced approach to debt reductions. They want to balance the budget on the backs of workers, children, the poor, and seniors.

These are people that staple teabags to their hats and get really MAD if you call them TeaBaggers. People who lecture US on the Constitution while misquoting it.  Trouble is defaulting on your credit and getting a friendly visit from Louie and his boys. Only in this case, it would be the Chinese and the Arabs.

Factual correction.

Even if we raise the debt ceiling to borrow more money to pay on previously borrowed money, at some point the ponzi scheme will end.  Our creditors will eventually call in our debt and we will be royally screwed. 

Raising the ceiling is the pussy way out and solves nothing other than putting off the inevitable for awhile longer.  Asking everyone to sacrifice something should not be so freaking hard to come up with across the board budget cuts and tax increases.  Instead it's a game to protect each party's sacred interests while trying to bring down the sacred interests of the other party.

Raising the ceiling is not a permanent solution and is not a good temporary fix either.

[Teatownclown]

Factual correction.

Even if we raise the debt ceiling to borrow more money to pay on previously borrowed money, at some point the ponzi scheme will end.  Our creditors will eventually call in our debt and we will be royally screwed. 

Raising the ceiling is the pussy way out and solves nothing other than putting off the inevitable for awhile longer.  Asking everyone to sacrifice something should not be so freaking hard to come up with across the board budget cuts and tax increases.  Instead it's a game to protect each party's sacred interests while trying to bring down the sacred interests of the other party.

Raising the ceiling is not a permanent solution and is not a good temporary fix either.

You're hopeless with pussy ranting.....surprising you stoop so low.

What happened in the 1960's ? Why didn't we have opposition to raising the debt ceiling in the past? Partisan hacks with no patriotism grabbing for straws on their stick ponies trying to derail our leadership....such hypocrites with nothing to lose. Upside down and inside out...it's all a false alarm to the uneducated far side of the GOP.

[Teatownclown]

Uh, economists were predicting an uptick of 125,000 jobs in May according to the article posted. 

President Obama had promised he would mitigate unemployment.  He's going nowhere with it.  Nearly 2 1/2 years after the Bush Administration left, all the lefties with their failed policies can do is continue to blame the Bush administration.  Next joblessness will start growing again because the mean old GOP refused to raise the debt ceiling.  Now you are advocating the Fairness Doctrine as some way to mute the opposition to these failed policies?  That's really rich.

Liberals don't understand how the private sector creates jobs outside of trying to protect unions.  And the unions have made a nice contribution to the Chinese economy by helping to make manufacturing in the United States too expensive of a proposition.  Nope all the liberal mindset comprehends is more government to create more jobs and more intervention in our lives which also stifles growth of public sector business.

More to the point! http://www.pensitoreview.com/2011/06/03/republican-path-to-victory-in-2012-take-down-the-economy/

Republican Path to Victory in 2012: Take Down the Economy

"Republicans don't want the economy to recover. What else have they got?"

[Gaspar]

More unexpected headlines today, but that's not the interesting part.

President Obama's senior political adviser David Plouffe's comments are.  When asked whether rising unemployment will affect President Obama's 2012 campaign bid he answered with some disregard:

"People won't vote based on the unemployment rate, they're going to vote based on: 'How do I feel about my own situation?"

So, basically it sounds like we are in for another emotion-centric campaign with no focus on the issues. . .again!

Not sure how much longer this country can run on Hope alone?

[guido911]

Okay, I'll say it. We had higher unemployment under Reagan. There. Can we move on now?

[Gaspar]

Okay, I'll say it. We had higher unemployment under Reagan. There. Can we move on now?

Yeah, but didn't he do something about it?

[guido911]

Yeah, but didn't he do something about it?

NO! Oh wait, YES. I was channeling my inner RM earlier.

[Townsend]

Yeah, but didn't he do something about it?

How cooperative were the members of congress with Reagan?  I'm asking.  I don't remember.

I'm sure more could be done with a bit less grand standing on either side of the aisle or branch.

[Gaspar]

How cooperative were the members of congress with Reagan?  I'm asking.  I don't remember.

I'm sure more could be done with a bit less grand standing on either side of the aisle or branch.

Tip O'Neal was speaker and he actually had a very good relationship with Reagan.  They fought like cats and dogs, but at the end of the day they remained friendly.  At the time the Dems had old Phil Gramm as the leader of what was called the "Boll Weevil" alliance.  This was a group of Conservative Southern Democrats who believed that private sector growth was the key to stimulating the economy and therefore were in agreement with Reagan's philosophy of fueling the economic engine.

Both Republicans and Democrats celebrated Reagan's success, with the exception of many on the ultra-left that ultimately filled the leadership vacuume in the Democrat party producing the philosophy we have today.

Upset with the direction of the democratic leadership towards a more socialist government model, Phil Gramm became a Republican, and has been since 1983.

[Townsend]

Tip O'Neal was speaker and he actually had a very good relationship with Reagan.  They fought like cats and dogs, but at the end of the day they remained friendly.  At the time the Dems had old Phil Gramm as the leader of what was called the "Boll Weevil" alliance.  This was a group of Conservative Southern Democrats who believed that private sector growth was the key to stimulating the economy and therefore were in agreement with Reagan's philosophy of fueling the economic engine.

Both Republicans and Democrats celebrated Reagan's success

Sounds like it'd help if everyone would rally 'round the president then.

If it worked before it could work again.

[Gaspar]

Sounds like it'd help if everyone would rally 'round the president then.

If it worked before it could work again.

I think they would if the President embraces any of a number of solutions that will:

1. Cut spending dramatically
2. Stimulate the economic engine.
3. Do no harm to the fragile economic growth we have.

In an interview today, Herman Cain put it very well,  "Small business is the engine of the train.  We need to add fuel to the engine and stop adding cars to the train."  You go pizza man!

[Townsend]

I think they would if the President embraces any of a number of solutions that will:

1. Cut spending dramatically
2. Stimulate the economic engine.
3. Do no harm to the fragile economic growth we have.

In an interview today, Herman Cain put it very well,  "Small business is the engine of the train.  We need to add fuel to the engine and stop adding cars to the train."  You go pizza man!

They won't in any case.  It'd be harmful for them politically.  "damn the torpedos"