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It must be snowing somewhere!
Transitory people, nothing to see here.
Not ot worry. In a couple of weeks it'll be Recovery Summer.
Welcome to McAmerica, bitchez!
Brought to you by over 40 years of the most insane fiscal and monetary policies that only a clown like Ronald McDonald could get behind.
Ba Da Da Da Da -- McLuvin' it.
The Downsizing of America continues.
3rd worlding of america going according to schedule. Zorin.
So tell me how are the millions of the unemployed going to feed themselves and there families?
Let me rephrase that...
Fundamental question: How are the millions of unemployed going to feed themselves and their families?
Food stamps. Yesterday I was behind a perfectly healthy guy my age with 2 shopping carts full of groceries...all on his EBT card (or whatever you call it). He had ribs, sausage, all of this really good food. I had returned the water bottles from my small office on my lunch break to buy a pack of hot dogs. I'm working 40+ hours a week, and this guy is given more from the government than I get by making an honest living. Maybe I'm the sucker for working and not leaching off of the government.
Be careful what you wish for, of course, 41,000,000 and climbing, can't be wrong!
hmmm, I don't think the SNAP benefits are all that generous. A couple hundred dollars a month maybe.
The average (which has a tight cluster, so it doesn't vary much from city to city) is $615 for a family of four.
There is a legitimate need for this type of assistance, especially to children, who have no real advocates in the political process, and haven't done anything wrong to deserve the idiocy they're being dealt.
I'm not a big fan of expanding the welfare state, but when it comes to SNAP, it's a literal drop in the bucket compared to TARP, TALF, QE1-2-3-through-88; hell, it's a drop in the bucket compared to the commissions paid to primary dealers on treasury purchases under POMO.
Kill the parastic banks and financials, who do nothing but destroy capital and capitalism, and who suck 100,000x the taxdollars that PB&J under SNAP ever will.
Preach on, my brother.
Ron Paul has similar sentiments - he'd prefer to cut all spending, in an ideologically pure universe, but if the answer is targeted cuts, he'd start with the military industrial complex and the financial-crony state. Both are much bigger offenders, in both moral and monetary degree, than cutting off food for children or medical care for the retired elderly.
Once the MIC and the financial parasites are dead, it would be easier to gradually eliminate the other benefits programs, hopefully because people find that they don't need them anymore.
A few years back, I was working full-time at fucking Starbucks pulling in $18K a year. I was on foodstamps at the time.
As irritated as I become these days when I'm on line with my bags of potatoes and dried beans behind the EBT folks with steak and Entemann's cakes, I wouldn't want to return to the hassles involved with getting and maintaining the benefits I had back then.
Don't kid yourself. If you want to experience the joys of being poor, it's easy enough to try out.
Lemme tell ya: it SUCKS.
Grow a garden ? Has to meet Goverment Regulations. Must have plenty of Bromide, Aluminium, Flouride and other sufficient dumbing down agents incorporated into your crops.
Growing a garden in a big city is not a good idea. Often the soil is contaminated. If you want to do so you need to test the soil first.
Yep, and will probably be right up to Gov. standards. As long as it slow kills you, you will do fine.
Oppressive heat in the middle of the US prevented people from going to work so they stayed home and filed electronically for unemployment.
Glad to see Obama's laser focus on jobs is paying off! ;p
When do we deport this guy?
Thats your best response huh?
Our company president gave a quarterly update a few weeks ago and you could see the fear in his eyes about the possibility of our business experiencing another serious downturn like in 2008 (when we laid off about 10% of our workforce).
Obama's adminstration has created more FUD for the business community than I have ever seen before.
At a cost of trillions to the taxpayer and future generations.
Hardly an effective return on that kind of money.
Not sure if you mis-read my post but the point is that this administration has created fear and stymied hiring in the private sector. The best thing the Govt can do right now is basically get the f*ck out of the way and stop doing things to tinker with the economy (QE, etc).
If you are refering to "stimulus", then yes - it was a complete disaster unless you look at it for what it really was; payola to Obama's constituency.
Let's be clear about one thing; the Government can't create jobs, contrary to what they try to say. They *can* create an evironment that is conducive to job growth (or the opposite as it stands today) but that is about it.
Anyone with half a neuron in their brain saw the vote-buying at work.
He is focusing like a laser on jobs. What does a laser do when you focus it on something? Does it "grow" it? Nurture it? Help it? No, it destroys it. So when Obama said he was going to focus like a laser on jobs he was telling the truth, it's just no one understood his real intent.
And the market loves it
the market loves the trade deficit shrinking. its not all doom and gloom
Yay! American Consumers(tm) are buying less iCrap (because they can barely afford the new-and-improved food and energy prices) and therefore less needs to be imported.
Time for QE-infinity
No more spin on the numbers? - are they giving up?
Is the realisation that you canot lie your way out of recession finally dawning on the clowns of corruption?
Is this what it's come too? - we make up our own excuses for the poor numbers on their behalf because we feel sorry for their pathetic ignorance?
US Unemployment - even the corrupted official number - is staying over 9% - possibly reaching 10% by the end of the summer.
make the pie higher!
Why would the lemming horde expect anything less than last week's number given the obvious deterioration in factors that support employment? I am actually shocked this number was not above 450K and suspect manipulation kept it below 430K.
don't worry. manipulation or not, its going back over 450k...and soon.
These were to be the salad days.
It's so, you know, sunnaaaaay.
So these were "unexpected" results. Seems that word get's used alot by this administration. I wonder if they could trademark it?
It's always unexpected because they're all MORONS! What else could it be. Lying sack of shits? Certainly not.
I like to call it the "infinite surprising/unexpected economic data du jour" another day, another "surprise". The finest overpaid government semantic experts, and this phrase is the best they can muster. Even our propaganda has become weak and ineffectual, is there nothing government cannot destroy through its excess and hubris?
A fun mental game is to take the semantic opposite of whatever adjective is proffered and substitute it for the one in the headline. Surprising becomes expected.
Go futures GO! Up, Up and AWAY!
US imported less. No shit, who the hell is buying anything. I can't and I know a load of folks who are in the same boat as me.
Existing contracts, probably winding down now.
C'mon McDonalds dammit hire some more people!
The worst employment downturn in the US since the Great Depression and there's no sign of a turnaround. Remember, unlike the unemployment rate which is a lagging indicator, initial claims is officially a leading economic indicator. So this is not good news. Although we are not printing a number over 600,000 like we did at the worst of this downturn, anything over 400,000 is worse than normal economic times.
Flawlessly logical -- what's your prognosis, Spock?
Pure lunacy that futures are up on this data...
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