*** Unemployment up to 8.2%*** | TigerDroppings.com

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Lsut81
USA Fan
Member since Jun 2005
63209 posts

*** Unemployment up to 8.2%***


Only added 69k jobs



And that will more than likely be revised down next month...

So this week alone:
Unemployment Apps Up
GDP Down
Jobs Created Down
Unemployment % Up

Obama is 0/4 this week.



This post was edited on 6/1 at 7:35 am



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Lsut81
USA Fan
Member since Jun 2005
63209 posts

re: *** Unemployment up to 8.2%***


LINK


Stock market futures are crashing... Dow down 175

LINK /



This post was edited on 6/1 at 7:40 am


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Kingwood Tiger
LSU Fan
Katy, TX
Member since Jul 2005
12247 posts

re: *** Unemployment up to 8.2%***








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constant cough
LSU Fan
Lafayette
Member since Jun 2007
35447 posts

re: *** Unemployment up to 8.2%***


It's a lot higher than 8.2

That number is about as real as Obama's birth certificate is.






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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
23942 posts

re: *** Unemployment up to 8.2%***


There is really nothing to say that has not been said in previous months, but I'll reiterate:

1.) Too much debt (by consumers and government) - kills jobs during deleveraging.
2.) Too much regulation (Obamacare, EPA, tax code uncertainty, etc.) - kills jobs.
3.) Not enough savings (which leads to capital investment) - creates jobs.

We keep doing 1 and 2 and not 3. It's the classic definition of insanity.

On the bright side ( ), these horrible numbers (and with the stock market tanking, again) should prompt the Fed for another round of QE to continue the insanity (Operation Twist II is winding down this month).







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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5346 posts

re: *** Unemployment up to 8.2%***


Cue:

'We now have 29 straight months of adding jobs'....






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37746 posts

re: *** Unemployment up to 8.2%***


quote:

So this week alone:
Unemployment Apps Up
GDP Down
Jobs Created Down
Unemployment % Up


FORWARD!






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EthanL
LSU Fan
Auburn,AL
Member since Oct 2011
2991 posts

re: *** Unemployment up to 8.2%***


The sooner this market makes the corrections it's supposed, and the economy crashes again causing Recession part deux, and Obama loses and Mitt is in..., then faster we can blame someone else about this WORLD's economic woes, and this board will stop celebrating bad news.

Begin to start dealing with this: this whole world including this country is on an irreversible slow burn that nobody, not Reagan, not the Bushys, not the Clintons, or the Obmneys will be able to stop.






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udtiger
LSU Fan
Louisiana
Member since Nov 2006
23927 posts

re: *** Unemployment up to 8.2%***


I agree with those newly enlightened libs that lament "celebrating" bad economic news for political reasons (funny how they did not have this same philosophy in 2007-08).; however, considering the cancer that is this President and his Administration, such "pain" may be worth it in the long run.

That said, Obama's gonna have to pull a major rabbit out of his arse to save his re-election and it's not looking good.

-He's going to have 2nd and 3rd Quarter GDP numbers between now and November and if 1stQ is any indication, these will not be good.

-The employment picture is getting increasingly worse (considering the huge number of people that are leaving the "count" for UE numbers because of expiration of benefits and withdrawal from workforce, the increase of the UE rate to 8.2% is BIG).

-Bear in mind a lot of new high school and college graduates will be looking for, and not getting, jobs, which will swell the numbers of unemployed.

-Europe is on the verge of an economic meltdown (admittedly, there's nothing Obama can do about this, but this is not going to help things domestically)

-China's economy is showing cracks (same as with Europe, not of Obama's doing)

-Obama's only "ace in the hole" (the stock market) has been bleeding in the last couple of months. While it is far higher than the nadir of early 2009, most mutual fund/IRA/401K investors will have received their 3rdQ statements by the time of the election and they will not like what they see as compared to the value of their investments at the beginning of 2012.

He's not a dead man walking, but he's got a VERY short window to try to do something.






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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: *** Unemployment up to 8.2%***


Early in the Bush administration when jobs were being added at the rate of @150K per month the lame stream media was complaining that this was not a fast enough pace.





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wickowick
LSU Fan
Head of Island
Member since Dec 2006
22219 posts
 Online 

re: *** Unemployment up to 8.2%***


This nation is like an addict that has not hit bottom. It has not faced the reality that we cannot continue down our current path of entitlement spending. Rocky things ahead…





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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
23942 posts

re: *** Unemployment up to 8.2%***


quote:

Begin to start dealing with this:


Dealing with what? Do you know what the what is?






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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
8596 posts
 Online 

re: *** Unemployment up to 8.2%***


Like the above poster said, 8.2 is not the real number. It's way freaking higher.

Truly sad... Yet the libs will spin it as positive somehow. Or blame Bush.






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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
8596 posts
 Online 

re: *** Unemployment up to 8.2%***


Just as I thought. Morons over at dailykos.com blaming Republicans. It's not Obama's fault.

Don't worry guys, Obama will not be to blame in a few months.






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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
23942 posts

re: *** Unemployment up to 8.2%***


quote:

Like the above poster said, 8.2 is not the real number. It's way freaking higher.


The U-6 figure rose from 14.5% to 14.8%.






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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
19216 posts

re: *** Unemployment up to 8.2%***


quote:

and this board will stop celebrating bad news


This board is not celebrating.

And it's not news to anyone that the economy is in the crapper. Well, not to anyone except libs.






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baybeefeetz
the now
Member since Sep 2009
13581 posts

re: *** Unemployment up to 8.2%***


quote:

Early in the Bush administration when jobs were being added at the rate of @150K per month the lame stream media was complaining that this was not a fast enough pace.


link?






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dewster
Maryland Fan
Tennessee
Member since Aug 2006
9001 posts

re: *** Unemployment up to 8.2%***


If this is considered celebrating, than liberals and their media outlets were having a party during Katrina and October 2008 financial crisis.





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Lsut81
USA Fan
Member since Jun 2005
63209 posts

re: *** Unemployment up to 8.2%***


quote:

And it's not news to anyone that the economy is in the crapper. Well, not to anyone except libs.



Yup... I've stated multiple times, as soon as Europe tanks, we will soon follow.

There will more than likely be a double dip this summer. I'd bet the dow it hovering right around 10k come Aug/Sept






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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
23942 posts

re: *** Unemployment up to 8.2%***


quote:

link?


Here are a few Bushy headlines:

The President’s Jobless Recovery
Frustrated job seekers cause jobless rate to drop
Economy Adds Few New Jobs
Low Jobless Rate Reflects Lost Hope
US Jobless Rate Drops But For Wrong Reasons






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