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Malcolm 
I disagree.
Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Jun. 04 2009,06:22 |
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Emphasis on the "con" part.
Anyhoo, go to visit Google News this morning. Two major headlines?
US workers feel pain as jobless ranks grow
Reuters –
36 minutes ago
Jobless rolls drop, first time in 20 weeks
msnbc.com –
39 minutes ago
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Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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Vince
I make sweet, sweet love to my legally licenced copy of Microsoft Vista.
Group: Privateers
Posts: 5016
Joined: May 2004
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Posted on: Jun. 06 2009,09:19 |
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Pro Obama spin. Job loss has gone from "freefall" to just "steep decline". They played that as positively as they could all day.
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thibodeaux
RAG
Group: Privateers
Posts: 6494
Joined: May 2004
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Posted on: Jun. 06 2009,10:08 |
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Reuters, being run by foreigners (who are supposed to love us now), apparently didn't get the Memo.
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| Post Number: 4
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Jun. 06 2009,13:34 |
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Like "Bush slashes Veterans Spending" because he approved a 4% increase instead of a 5% increase?
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I don't give a fuck!
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| Post Number: 6
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Jun. 06 2009,13:36 |
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Here's something I think is under-reported.
QUOTE "Experts agree that if nothing is done, the unemployment rate could reach double digits," Mr. Obama said in a January 24 radio address. "If we do not act boldly and swiftly, a bad situation could become dramatically worse." The same month, his economic advisors released a report saying that, without the stimulus, unemployment would hit around 8.5 percent by April 2009, and 7.8 percent with it.
We know what happened next: a Democratic Congress quickly approved the legislation. But what may not be as obvious is that even with the stimulus, current unemployment is far worse than the Obama administration had predicted: it's already 8.9 percent.
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It's not me, it's someone else.
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| Post Number: 7
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Vince
I make sweet, sweet love to my legally licenced copy of Microsoft Vista.
Group: Privateers
Posts: 5016
Joined: May 2004
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Posted on: Jun. 07 2009,09:53 |
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The way some economists are talking, the "without stimulus" projection may be looking good around the end of the year. A lot are calling for job losses to continue through to early next year up into the 10% area.
Obama did tell us about the jobs that they saved last month. Of course there's no way to track that so we just have to take his word for it.
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