Well, So Much for ‘Recovery Summer’
Well, the final jobs numbers before the election in 26 days are in and they are, well, grim. Grim for the country, grim for the jobless, grim for the president, and very, very grim for Democrats leading into the election. Indeed, today’s news brings that John Dingell is showing well behind the challenger in that tax and spend utopia of Michigan; think things aren’t related?
The economy lost (lost!! in this summer of recovery that wasn’t) 95,000 jobs in September. The private sector gained only 64,000 jobs during the month while the public sector gave up 159,000 jobs as the temporary census workers program (that generated much of the well-publicized jobs recovery during the springtime) came to an end and state and local governments also faced the reality of continuing dwindling revenues and didn’t hire the numbers of teachers and assistants for this year’s opening of schools.
Of course, the usual corrections statements came as well, with both July and August giving up more jobs than originally thought! OK, how’s that hope, change, and stimulus working out?
How can you make a reference to Without a Clue without also mentioning one of the greatest movie quotes ever?! I’m sure you’ll agree that the American people are collectively thinking: “How demeaning to be set upon by nitwits!”
My goodness, we have a movie buff; that’s a great line and entirely apt!!
Who put those nitwits in office?
I’m kind of unnerved by the movie reference, actually.
Following the analogy… it suggests Biden is actually the brains of the operation.
Greatest. President. Evah!!!
I can see November from my front porch.
Geeze, even Homer Simpson has more sense than that. For those fresh college grads who voted for him: How do you feel now without a job? Don’t forget, next year new entry positions are for next year’s fresh grads.
Hint to the brilliant president who reads the idiot boards, aka the brilliant idiot president: full employment: hire every unemployed, pay each one of them $200,001 making them the rich and tax them.
Goodbye Harry!
They are not nitwits. The Demorats, and RINOs have performed Treason on America. They have done so on health care, the housing market, and the government plantation.
They know they will lose in November big, but in the long run they will have the voters they need to change America even more to the left. Their play book is for the long term. A global social, and economic agenda with the model being China.
Call me paranoid but I believe that the situation is also grim for the employed. I have been with the same company for 6 years and it seems that more and more work gets dumped on me with less and less time and resources to do it. Since I have a family to feed I am not in much of a position to tell the managers to take this job and shove it. I am very mindful that I can be replaced by someone whose hourly wage will start at about 5 dollars an hour less than what I am making. So the result is I make for damn sure I show up for work (whether I feel sick or not) and do everything I’m told without complaint. That being said, I take some grim satisfaction in knowing that although a little bit of me dies every day in this business, at least, I’m doing it for my family. Also, for the record, even though I am having a little bit of a self-pity party at the moment, I can assure you that I have no intention of “going postal”. (Hey, it needed to be said
Hang in the MCH, you are part of the solution. You bring Honor to yourself, and to your family.
I am in a good position, but I do as you have stated. Keeping the pie hole shut, and being positive to help no matter what these days keeps the family taken care of.
There is no shame in working.
Kill!
Too bad you don’t belong to a union. Then you couldn’t be replaced so easily for no other reason than to save the boss a few bucks, and you wouldn’t have to take Leatherneck’s advice and “keep your pie-hole shut.”
Well said MCH! but you are grounded in this world. Hang in there we’re listening when you need to vent. Head down shoulders square keep charging.
I wonder, if there is a real tsunami in November, if that will be a sufficient indicator that the experiment in socialism is over to start the economy moving again. I think we are in the throes of a psychological phenomenon now, sort of like 1938 when FDR came out swinging at business again. Except this time we would have the opposite. It will be interesting to see. Look at a chart of the stock market after the 1994 takeover. That was what sent the bull market going again.
Mike, I’m starting to research a short piece on exactly the question you’re asking. I think the market’s upward movement (look at the intrade charts for House/Senate takeover and overlay on the Dow 30) coincides nearly directly with the perception that the Grand Experiment in Socialist Political Experience is coming to a rapid and ignominious close. Equity markets (the stock market) are ALWAYS forward-looking and the end of the experiment is likely to be at least a significant contributor to the rocket fuel under equity prices.
I should not be so hopeful since it has a lot to do with the dollar crashing, i.e. price tags nominally rising to make up.
The economy did not gain a single private sector job in September, it lost private sector jobs.
BLS adds tens of thousands of fictitious jobs a month based on using it’s “birth/death” model based on jobs that small business creation is supposedly creating. This model is long outdated and calibrated from pre-recession data.
BLS subtracted 800k jobs from the ’09 totals back in February. they will subtract almost another million from ’10 once the “reality adjustment” takes place Feb. 2011. The purest measure is the ADP report that looks at actual payroll data. They shed that the economy shed 39k private sector jobs in September.
BLS has turned into a statistical lying machine. They know the birth/death model adds tens of thousands of phantom jobs, yet they keep using it anyway.
We did not gain 1 private sector job in September.
Thank you for saying that! To end the tyranny, you have to expose the lies. Well played, sir, well played.
Were we supposed to be surprised?
I would like to add more good news. Our crazy uncle, Ben ( helicopter) Bernanke will probably begin a second quantitative easing plan soon, watch the dollar tumble and investors take their money to a more secure currency.The idiots are in charge.
He was on the News yesterday moaning that so many Teachers, Firemen and Policemen had just lost their Government jobs. Hoping of course that everyone would forget the $30 BILLION additional slush fund ooops sorry stimulus that Congress recently passed to STOP Firemen, Teachers and Policemen losing their jobs. Strange hey when he complains about job losses he uses emotive workers like Police Teachers and Firemen as examples and when he wants MORE PORKULUS he uses the same emotive job listings. This guy is just a cheapskate, inexperienced ,inefficient, unqualified HUSTLER and a USURPER too I might add.
Welcome to my world. I took a job with a company on the expectation that it would be a “permanent” position…it turned out to be temporary…and now I’m out of work again. 5 weeks of full time employment so far this year. The best I’ve been able to do is part time. I can’t pay my bills and won’t be able to make rent. That’s the reality of it all. If I give back the hope next month, can we change it back to the way it was?
Rich Vail
Pikesville MD
Very soon a lot will be made of a book, “Bought and Paid For” by Charles Gasparino that explains Obama and Wall Street, how he was elected and the relationship they have with big government projects and the wealth it brings them.
From his radio interview, Charles explained that most big shots at Wall Street and heading large corportations are progressives: Obamacare, Cap and Trade, and all-thngs ‘stimulus’ were essentially fine with them. He also said the Tea Party types are disliked by these mogols as they’d likely see a reduction in the size of government and thus, their bottom lines.
Like a military-industrial complex, we may have a financial-governmental complex we’ve yet to be warned about. If so-called “fat cats” like ‘fat government’, there’ll be a lot of resistence to altering the course toward socialism this administration (and others) have taken us on. Not good.
O is so bad, I not only see November 2010 from my apartment (heck it is just across the street), but I can see November 2012 on the horizon.
GOTV!
Do it!
Perhaps the true meaning of “Summer of Recovery” is the Summer of Recovering our senses. If it isn’t painfully obvious to even the most ardent Barry supporter by now that the programs and plans that Barry has implemented or has tried to implement are just not working. Barry makes empty promises that fall apart under the harsh light of reality. Good ole Joe “Hoof in Mouth” Bidum pleads for more time because the country is headed in the right direction yet month after month after month there is no sign of recovery, unemployment hovers at 10 percent, jobs are lost, things are not looking good. I’d be willing (almost) to give Barry more time if there were ANY sign of turning this around but it’s not happening. Harry, Aunt Nasty Pelosi, Brawny Fwank and all the rest of the BarryBots simply refuse to see what is happening around them and any attempt to call out Barry results in the three stooges playing the racist card.
It’s George Bush and the Republicans’ fault; didn’t you get the memo?
Recovery Summer? Not so much, but there’s definitely about to be an Obama Fall.///