Economy in a holding pattern, awaiting job-creation boost

The economy may move in cycles, but the timing of those cycles is naturally the subject of intense interest and speculation. That’s particularly true in the most severe recession to hit this country since the Great Depression, with millions of Americans out of work for long stretches of time.

The folks at the Atlanta Federal Reserve recently posted these two charts that together explain pretty clearly exactly where we find ourselves. (The data driving the charts date to January, but nothing in the numbers since then would change much.)

The first charts the number of layoffs and firings over the last decade (areas in gray are recessions.) The spike in the current recession is both higher and more sustained than in the recession at the start of the century, but in recent months it has fallen dramatically to somewhat normal levels.
test

The second illustration charts the collapse in hiring as the recession hits. It starts to fall off a cliff in early 2008, and it continues to plummet well into 2009 as well. It has stabilized more recently, but at levels well, well below even the worst of the 2001 recession.

hirings

“…the story going forward is not going to be about layoffs and discharges — which have been falling steadily since last spring — but instead job creation, which has bottomed out (though remaining well below prerecession levels),” concludes Dave Altig, the Atlanta Fed’s senior vice president and research director.

What we still don’t know, of course, is when — and how steeply — that chart will begin its upward climb. As the black line indicates, we’re in a very deep hole, and climbing out is going to take years. Some analysts are predicting that the slow climb may begin Friday, when the employment report for March is released. But as Reuters reports, there’s very little consensus:

“The median forecast for nonfarm payrolls is for a rise of 190,000 in March after falling 36,000 in February. Forecasts range from a loss of 50,000 to an increase of 400,000, an indication of the uncertainty surrounding the impact of hiring for the 2010 census. The unemployment rate is forecast steady at 9.7 percent. Forecasts range from 9.5 percent to 9.9 percent.”

161 comments Add your comment

Normal

March 29th, 2010
5:51 pm

Erik,

St. Elsewhere…

Normal

March 29th, 2010
5:54 pm

When we see the jobs coming back, then I, for one, will breathe a sigh of relief…

N-GA

March 29th, 2010
5:58 pm

If it were up to the GOP, unemployment would continue to increase. The party of NO! would implode if 100-250k jobs were added to the economy each month. The Tea Party folks would have to put their hoods and robes into cedar closets/chests. And a few well-known talking heads would have to commit seppuku (harakiri) on the air….think of the ratings!

Hillbilly Deluxe

March 29th, 2010
6:11 pm

My guess is it’ll be a good five years, then again it may be that we’ve peaked and it’ll never get back.

Southern Comfort

March 29th, 2010
6:13 pm

When jobs come back, it will not be like before. You can say goodbye to the days of making a good living in certain areas. IT jobs will likely pay half as much as before, especially since that’s what they’re paying foreign workers who come here on work visas. I imagine it’s going to be quite the same across the board. Since we’re playing in a global economy, our economy will adjust to that of the rest of the world.

Southern Comfort

March 29th, 2010
6:15 pm

Normal

Take a deep breath now because I don’t think it will be like before. Don’t worry about the other stuff, you’re a good guy in my book.

Drain The Swamp (NIF)

March 29th, 2010
6:17 pm

N-GA

**The Tea Party folks would have to put their hoods and robes into cedar closets/chests.**

Jeeze. The kool-aid drinkers are out today.

I’m pretty sure that KKK members would not be allowed on the buses that the seniors are taking to Washington from the Villages in Florida.

As much as you guys are really needing something to be afraid of, this just make you look like a fool.

Drain The Swamp (NIF)

March 29th, 2010
6:17 pm

My guess is that the economy will boom starting in November of this year.

md

March 29th, 2010
6:20 pm

Still too much uncertainty. Businesses want to know what the hc bill will do to the bottom line. They want to know if cap and trade is still on the horizon. They want to know if unionization will increase with card check.

Its all about perception for many, and they have to be in cautious mode if uncle sugar keeps talking about taxes. Businesses are well aware that uncle sugar is in debt up to his ears, and that they will be counted on as part of the solution. The current perception may actually lead to less jobs if corp costs go up instead of down.

Drain The Swamp (NIF)

March 29th, 2010
6:21 pm

Southern Comfort

I agree

I’m afraid that we have ran a lot of businesses off. I know that a lot of foreign countries offered huge tax incentives for American Companies to move there. Our government may hate capitalism but the rest of the world is dying for it.

JDW

March 29th, 2010
6:22 pm

Interesting data, I would love to see it stretching back to say 1988. I am not really sure that 2002 to 2007 could be classified as normal. For some time that recovery was “jobless” as well and the quality of jobs then created was a bit suspect.

The other issue we have is can we replace the high paying jobs we lost with anything comparable in the near or medium term. I think it may be a generation and then we have to make sure that our educational system has prepared us.

citizen

March 29th, 2010
6:24 pm

Another statistic to consider, it is estimated that by 2050, 70% of the population will live in metro areas. Increase property taxes in metro areas and lower property tax rates in the rural areas and this should take care of the imbalance and drain on metro areas.

Drain The Swamp (NIF)

March 29th, 2010
6:27 pm

JDW

** I think it may be a generation and then we have to make sure that our educational system has prepared us.**

This educational system? The one where 33% of kids are dropping out?

The Stalin caste system will be in full swing in a generation. Our schools are so vastly different that it will be even more apparent in our society. The Democrats are determined to keep poor people out of good schools so they will continue to depend on the government. Now the government has created a new health entitlement.

This country is not gearing up for success. It is gearing up for failure.

jconservative

March 29th, 2010
6:32 pm

All I can tell you is that at 10,800+ the DOW is way to high. At about 9000 I could be comfortable.

N-GA

March 29th, 2010
6:33 pm

NIF,

Come up here to the mountains for a t-party mtg. You’ll understand (if you pay attention).

Every t-partyer I’ve spoken to think the biggest problem is Federal taxes. When I prove to them that FIT rates are drastically lower than the rates during the Eisenhower administration, they are gobsmacked. Then I show them how state and local taxes have doubled and tripled, they actually pick their knuckles up off the ground and smack their foreheads.

This one is just for you: “Those who can make you believe absurdities can make you commit atrocities.”

Stop believing absurdities…..please!

Brad Steel

March 29th, 2010
6:35 pm

Nothing like the pathetic cynicism of the right. No doubt they have no hope.

Normal

March 29th, 2010
6:37 pm

Southern Comfort

March 29th, 2010
6:15 pm

SoCo,
Thanks…

NIF, you reading this? :D

Drain The Swamp (NIF)

March 29th, 2010
6:38 pm

jconservative

I liked it when it was hovering around 14,000 back during the Bush years.

Here is an article about the dow during 2006, the year the media convinced the American public that we were in trouble and needed a new government. Thanks Media.

http://www.marketwatch.com/story/dow-industrials-close-at-their-highest-ever-level

JDW

March 29th, 2010
6:39 pm

Swampy,

“This educational system? The one where 33% of kids are dropping out”

Yep that is the one…how is that Republican Leadership working out for you? Not doing much for me.

Normal

March 29th, 2010
6:42 pm

Drain The Swamp (NIF)

March 29th, 2010
6:27 pm

…and don’t forget President Obama’s plot to have subliminal messages transmitted through TV, radio, cell phones, movies and computers, turning us into socialistic automatons…danger, danger! ;)

md

March 29th, 2010
6:47 pm

“No doubt they have no hope.”

Maybe you can provide some real hope by explaining how after adding more debt, we are going to get rid of it. Last I checked, I have yet to see anybody pay off debt with a credit card.

Jay

March 29th, 2010
6:47 pm

jcon writes:

“All I can tell you is that at 10,800+ the DOW is way to high. At about 9000 I could be comfortable.”

I totally agree.

Keith

March 29th, 2010
6:47 pm

Notice on the chart how job layoffs started to update right around November 2006 when Democrats grabbed control of Congress?

Keith

March 29th, 2010
6:48 pm

“uptick”

Southern Comfort

March 29th, 2010
6:50 pm

Mock our educational system all you want, but there are thousands upon thousands of students here taking advantage of it that are neither citizens or Legal residents, How do you think most of the other industrial economies plan to compete with or even beat us at our own game. We’re training our own competition while neglecting the home team. Whatever the future holds for us will happen because we’re planting the seeds now.

Drain The Swamp (NIF)

March 29th, 2010
6:51 pm

N-GA

So you either spend a lot of time talking to KKK members or you know that the tea party people are harmless Americans that just want to be heard.

Here’s a clue for you, pal. When the imbeciles were throwing trash cans through the windows of the FOX network headquarters in NY during the RNC convention, I could have pointed out about a million things that they believed was total BS. That’s not the point.

The point is that they have a right to say whatever they want to say. I was at the tea party at the Capital and I thought I was at a NASCAR race. Doctors, Lawyers, grandmothers and the VAST majority being elderly. And this is who you are trying to claim are KKK members? Do you have any sort of grasp of reality or do you only believe what you are told? IS the reasoning completely gone?

It means absolutely NOTHING that you think they are wrong. Are you aware of where you live and the freedoms that so many have fought and died for us to enjoy?

It is beyond hypocrisy. I have been accused of saying that liberals were unpatriotic when they went after Bush. I never did, and neither did the vast majority of conservatives. But almost every single liberal on here has no problem at all going after ANYONE who would dare not march the goose step. And I have to tell you that this fear of old grey headed people taking pictures and waving American flags makes you look like an idiot.

Old people yelling. By your standard, my yellow dog democrat grandfather would have been Osama bin Laden.

N-GA

March 29th, 2010
6:52 pm

Keith,

Notice that the % increase in the DJIA since the inauguration is the highest of any president.

Also notice that job recovery has always trailed recovery in the stock market.

Department of Homeland Labor and Wages

March 29th, 2010
6:58 pm

Do not worry citizens.

We have jobs for all.

We are here to help.

Southern Comfort

March 29th, 2010
6:58 pm

Could the uptick in layoffs also coincide with the beginning of the housing collapse? I don’t think people started getting laid off just because one party was elected over another one.

Drain The Swamp (NIF)

March 29th, 2010
6:59 pm

JDW

**Yep that is the one…how is that Republican Leadership working out for you? Not doing much for me.*

I’m not worried about the schools that are in Republican districts. They are constantly the best schools in the state. it’s the schools in the Democratically controlled districts that promise to continue to turn our drop-outs and the under educated. They are the schools that make Georgia one of the worst states for education.

Like I said, the caste system that the Democrats so desperately want is well underway.

N-GA

March 29th, 2010
7:00 pm

NIF….You posted “The point is that they have a right to say whatever they want to say.”

I never said they couldn’t. But you criticize me for posting about them. Talk about hypocrisy!

As a veteran who served from 1968-75 (all active duty), I think I know a little about freedoms and responsibilities. So don’t you dare talk down to me, fool. I think you are the one who hasn’t a clue!

Drain The Swamp (NIF)

March 29th, 2010
7:01 pm

Normal

Why would he need subliminal messages? He has ABC, NBC, CBS, PBS, CNN, Headline News, MSNBC, CNBC and Comedy Central. Have you watched Meet The Press lately?

Department of Homeland Labor and Wages

March 29th, 2010
7:03 pm

Listen to N-GA.

This Patriotic and Freedom-loving citizen knows what he is talking about.

The job losses occurred only in the bourgeois racist private sector. We are all better and more progressive than this.

Our recent Five-year plan will solve all.

Obama.gov

Jess

March 29th, 2010
7:05 pm

The stock market doesn’t drive job growth. Product and services demand drives job growth.

Since up to 70% of the jobs created in the country will be in small businesses, it could be a slow recovery. This administration has not been kind to this sector.

Hillbilly Deluxe

March 29th, 2010
7:08 pm

Could the uptick in layoffs also coincide with the beginning of the housing collapse?

In my opinion, things were already shaky and then the oil speculators drove up the crude prices. When the price of gas got up towards $4 a gallon, that pushed us over the edge and the house of cards came crashing down.

Drain The Swamp (NIF)

March 29th, 2010
7:08 pm

N-GA

Oh you can make a fool of yourself all you want. No one has ever been able to stop that. But I’m telling you that calling those old people KKK members is stupid. It’s sort of like how you teach all those tea party people and their jaws drop and all that.

Thanks for serving, but that doesn’t give you any rights that I don’t have. I hope I am clear about that, because that’s important.

danjonglee

March 29th, 2010
7:08 pm

Print a few dollars, add a few tax increases, and deficit spend and we’ll have her fixed….

N-GA

March 29th, 2010
7:09 pm

Damn Andy….did I really say that? You got me! I didn’t know what I was saying. Only you knew.

N-GA

March 29th, 2010
7:12 pm

NIF….You lose the debate so resort to childish drivel that avoids the issue. It is no fun debating you….you’re just not very smart. But you’ve heard that before.

@@

March 29th, 2010
7:18 pm

Income’s flat and highly qualified workers are having to take jobs below their education level.

Weren’t leftists pointing to those as failures under the Bush administration? Now they’re cause for optimism.

Gallup’s underemployment measure increased to 20.0% in mid-March, from 19.7% on March 1.

Underemployment: Underutilization of labor.

The Obama administration has had little use for the average American, I doubt anything’s gonna change over the next three years.

Drain The Swamp (NIF)

March 29th, 2010
7:18 pm

N-GA

So I lost the debate? So the old people that are coming up from the Villages in Florida are really KKK members? Did I miss a post? When did you prove that?

No, I’ve just seen your little tantrum that calls out anyone that would question the wisdom of someone who served in the military. I particularly appreciate you serving in Nam if that is where you were, but unless we are discussing something that you specifically learned in combat or some societal thing about the people you were stationed around, that really has no relevance here. Apparently, you haven’t died for our freedoms.

Drain The Swamp (NIF)

March 29th, 2010
7:22 pm

@@

Underemployment is against the collective. We are all equal so everyone is qualified the same. Underemployment would mean that they are too good to do something. We need to understand the new standards for our country. It isn’t about success, it’s about survival. And of course the government will be in charge of helping us survive.

Tea Party Gossip

March 29th, 2010
7:22 pm

you either spend a lot of time talking to KKK members or you know that the tea party people are harmless Americans that just want to be heard.

I wonder, given NIF’s obsession with the KKK, if he might just be the one that needs to come out from under the sheets.

Who dat?

March 29th, 2010
7:25 pm

“What we still don’t know, of course, is when — and how steeply — that chart will begin its upward climb.”

Get rid of the democrat party and you’ll see businesses hire. Until then, jobs will be lost and democrats will continue to jump ship.

See ya in November.

TnGelding

March 29th, 2010
7:26 pm

Department of Homeland Labor and Wages

March 29th, 2010
7:26 pm

Drain The Swamp (NIF)

Very good Citizen.

Drain The Swamp (NIF)

March 29th, 2010
7:27 pm

Tea Party Gossip

N-GA was saying that the tea party folks were KKK. I was questioning his logic.

Sorry Charlie. You need to crank up the old IQ a little. …see if you can come up with something better.

Who dat?

March 29th, 2010
7:27 pm

“Nothing like the pathetic cynicism of the right. No doubt they have no hope.”

November is hope. See ya then!

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
7:27 pm

Wait until they fire the 10,000,000 million census workers, er, or will they transfer right over to Acorn voter fraud duties?

Who dat?

March 29th, 2010
7:27 pm

“N-GA was saying that the tea party folks were KKK.”

Let’s ask Robert Byrd how he feels about this.

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
7:28 pm

Damn, I just pulled a Nasty Pelosi, take back that written “million.”

Who dat?

March 29th, 2010
7:29 pm

“As the black line indicates, we’re in a very deep hole, and climbing out is going to take years.”

The black line being Barack Obama. No, not meant to be a racist comment.

Drain The Swamp (NIF)

March 29th, 2010
7:30 pm

Department of Homeland Labor and Wages

I’m taking a course in writing government grants. It’s sort of like a “sure-thing” lottery with a lot of paperwork.

I’m going to do an art project where I submerse a full sized nativity scene in a huge tank of urine. With this administration, I’m thinking millions!!!!

Scout

March 29th, 2010
7:31 pm

getalife

March 29th, 2010
7:32 pm

“Voyeur West Hollywood, a bondage-themed
nightclub featuring topless women dancers imitating lesbian sex.”

Think I will book a flight after they legalize weed.

Try to contribute to the Cali economy if you will.

Drain The Swamp (NIF)

March 29th, 2010
7:35 pm

getalife

**Think I will book a flight after they legalize weed.**

Book a flight? Grab a cab. This is Atlanta. Men come here from Tokyo because of our strip clubs.

Department of Homeland Art and Patriotic Decorating

March 29th, 2010
7:37 pm

Drain The Swamp (NIF)

We might be interested. The idea of showing bourgeois concepts such as religion in its proper context is extremely intriguing.

Contact your local dot.gov

getalife

March 29th, 2010
7:38 pm

Nif,

That is where Steele went.

I have been to all the Atlanta clubs.

Normal

March 29th, 2010
7:40 pm

NIF,
Don’t watch the news…
“I get the news I need on the weather report.
I can gather all the news I need on the weather report.
Hey, I’ve got nothing to do today but smile.”

AF

March 29th, 2010
7:43 pm

I am suspicious of the job picture since we started the whole thing of exporting jobs overseas. While employment since mid 1980’s might look like it held steady or grew until the Bush Depression, my suspicion is that we lost higher skilled/higher paying manufacturing jobs and have been replacing them with lower paying,less skilled jobs.

Declining median incomes seem to fit that picture.

I don’t think we are going back to the good times of the 1960’s thru 1980’s. We aren’t going to dominate manufacturing worldwide, we lost the steel industry, auto industry, I don’t think we are going to dominate technology (that went to, where, India?). Shoot, we can’t even dominate customer service for our own people – how many times have I called to ask about a bill/service and gotten someone in India?

We need the next innovator to get on it and start innovating. Where is John Galt?

Drain The Swamp (NIF)

March 29th, 2010
7:46 pm

Department of Homeland Art and Patriotic Decorating

My head is just a-poppin with images of a better world. How about this: I AUTOMATE the Nativity-Urine sculpture. It starts with the Nativity scene suspended above the tank of Urine. Then the lights go down and a huge spot light hits the nativity scene as it begins to sink into the urine.

THEN at the same time, a painting of MAO rises out of the Urine. Fireworks, Music, Dancing and we will have children singing songs of praise to a better world. (I may be able to get a Democratic Politician to lead the choir)

And the climax is when the Nativity scene is now on the bottom of the tank and a huge bubble appears to be coming up from the nativity scene like a huge gas in the bath tub for that special humanist ending.

This may take an entire staff of people. This one project could be a jobs bill.

Drain The Swamp (NIF)

March 29th, 2010
7:49 pm

getalife

Actually, that was disproven but Jay never posted a correction. Someone in the party went there, not Steele. The Republicans are demanding a refund.

I last went to a strip club, it was the Gold Club for a bachelor Party. It was a VIP room and the girls didn’t simulate anything. We had three girls and they held nothing back.

I think the Gold club is now a parking lot.

Jay

March 29th, 2010
7:50 pm

Actually, Swamper, I posted two updates as soon as they were available.

Drain The Swamp (NIF)

March 29th, 2010
7:52 pm

getalife

Washington (CNN) – A California-based political consultant who charged the Republican National Committee nearly $2,000 for a night out at Voyeur – a risque West Hollywood nightclub now at center of the latest controversy surrounding RNC chairman Michael Steele – will return the money to the party, a committee spokesman told CNN Monday.

http://politicalticker.blogs.cnn.com/?fbid=Pn-JxP8zOlb

Never trust a newspaper.

Drain The Swamp (NIF)

March 29th, 2010
7:53 pm

Jay

Sorry. I didn’t see them.

Department of Homeland Production and Innovation

March 29th, 2010
8:01 pm

AF- You un-patriotly stated-

“We aren’t going to dominate manufacturing worldwide, we lost the steel industry, auto industry, I don’t think we are going to dominate technology (that went to, where, India?)”

As a patriotic citizen, you should know that we are powerless in the march toward the culmination of the dialectic.

Since implementation of the Chairman’s 12 year plan, the people have made strong strides for equality and efficiency.

In 2011, the people’s party and Chairman will introduce our biggest innovation. It is a “citizen-powered” oil drill. It is completely green. We are also designing “citizen-powered” mass transit. Also completely green. We will show the world the path to the end of the dialectic.

Have faith citizen.

Disregard your notions of John Galt. He was just the selfish individualistic refuse of a forgotten era.
We have progressed now.

Obama.gov

Southern Comfort

March 29th, 2010
8:03 pm

Any job recovery will not be a recovery at all. If you understand the principles behind locks in a canal, you’ll understand what is happening to our economy. There is a leveling of economies worldwide. The traditional industrial giants are all slumping and in many cases hurting while the up and coming economies are still booming. Compare the US and Europe to India and China.

It’s like someone hit a great big reset button. Salaries and pay will not be the same as it was before. The only question is will the cost of living adjust to the new normal, or will we all be priced out of where we currently are?

NIF

The Cheetah was promoted years ago on the Playboy Channel. Atlanta isn’t called Hotlanta just because of the weather. Even the AJC did a story a few weeks ago on the increase in applications for permits here.

tm

March 29th, 2010
8:06 pm

Give me a job where Jay can pay part of my salary. I guess these public employees earned their raises during times the states are losing money. If this was a public company we would be hiring unions to protest against the employees and their families like when AIG gave bonuses.

According to the U.S. Bureau of Labor Statistics (BLS), from 1998 to 2008 public employee compensation grew by 28.6%, compared with 19.3% for private workers. In the recession year of 2009, with almost no inflation and record budget deficits, more than half the states awarded pay raises to their employees

TW

March 29th, 2010
8:13 pm

“According to the U.S. Bureau of Labor Statistics (BLS), from 1998 to 2008 public employee compensation grew by 28.6%”

Tell that to the teachers in GA…

Getalife – nice to see the right has graduated from doing little boys in airports :)

Drain The Swamp (NIF)

March 29th, 2010
8:25 pm

Southern Comfort

Scary isn’t it. What you didn’t mention is that we borrow hundreds of billions of dollars from those countries. How long do you think they will continue to accept paper money when we are printing it as fast as we are?

Our silver is gone. There is almost no silver in the reserve. Unlike gold, it is a industrial commodity.

So that leaves our gold. We have 8,133.5 tons of gold. At least that is what we are supposed to have.

That’s 162,670,000 lbs. At about $16,000 a pound.

Check my math, but isn’t that only 2.6 trillion? Our national debt is 12 trillion.

Could they really call in our entire gold reserve?

tm

March 29th, 2010
8:30 pm

TW
I agreed teachers are getting the shaft with the required days off. But you have to admit we have now reached the point where public employees are being paid more than the private empolyees when you include the benefits and retirement a nd no one seems to care who pays that compensation.

casual observer

March 29th, 2010
8:35 pm

I clearly believe that in order for eveyone to get their “fairshare” all charts should be taxed. Surely you believe that to have a fair distribution of charted material “everyone” is entitled to money received by the creators of all charts. These people are racist and homophobes to be sure.

jt

March 29th, 2010
8:40 pm

Amazing, let’s just put democracy on hold to legislate the weather.————————-

From Some British Rag-

” Humans are too stupid to prevent climate change from radically impacting on our lives over the coming decades. This is the stark conclusion of James Lovelock, the globally respected environmental thinker and independent scientist who developed the Gaia theory.

It follows a tumultuous few months in which public opinion on efforts to tackle climate change has been undermined by events such as the climate scientists’ emails leaked from the University of East Anglia (UEA) and the failure of the Copenhagen climate summit.

“I don’t think we’re yet evolved to the point where we’re clever enough to handle a complex a situation as climate change,” said Lovelock in his first in-depth interview since the theft of the UEA emails last November. “The inertia of humans is so huge that you can’t really do anything meaningful.”

One of the main obstructions to meaningful action is “modern democracy”, he added. “Even the best democracies agree that when a major war approaches, democracy must be put on hold for the time being. I have a feeling that climate change may be an issue as severe as a war. It may be necessary to put democracy on hold for a while.”

jt

March 29th, 2010
8:43 pm

Gotta watch those tea party democrats——————-

” FBI charges anti-Semitic nutball with threats against GOP Rep. Cantor & family; “…you receive my bullets in your office, remember they will be placed in your heads.”

jt

March 29th, 2010
8:44 pm

I meant coffee party democrats.

getalife

March 29th, 2010
8:44 pm

TW,

Yup, at least they were adult women.

The Catholics welcome the distraction.

jt

March 29th, 2010
8:46 pm

Tucked away inside a new Washington Post/ABC News poll is a key figure — 72 percent. That’s the percentage of voters who disapprove of the job Congress is doing, and the number hasn’t been that high since — you guessed it — the week before the 1994 election.

ObamaBots still poll at 99.8% approval rating for congress.

TnGelding

March 29th, 2010
8:50 pm

Well, at least it looks like the unemployment rate will remain steady. But I look for a steep incease in hiring starting next month, if it didn’t start this month. The severance packages, unemployment compensation extensions and tax rebates have kept the economy going to this point. Not to mention the stimulus.

Southern Comfort

March 29th, 2010
8:53 pm

NIF

That is a rather frightning thought.

TW

March 29th, 2010
8:53 pm

jt – the week before the election, ‘w’ will prove again why is the gift that keeps on giving. Not that the dems will need him, what with the t pouchers flying their planes into fed buildings, attacking members of US Congress, conspiring to kill police officers and then bomb their funerals, etc. etc.

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
9:00 pm

The severance packages, unemployment compensation extensions and tax rebates have kept the economy going to this point. Not to mention the stimulus.

TN- Has someone hijacked your corpse?!? Quick, call 911 and report yourself as a missing person!

It cannot possibly be you, it said something intelligent.

TnGelding

March 29th, 2010
9:00 pm

Who dat?

March 29th, 2010
7:29 pm

Yeah, like he started two ill-advised wars and pushed an “ownership society” that sent speculators into euphoria and Wall Street investment banks into Mortgage Backed Securities that poisoned the global economy.

TnGelding

March 29th, 2010
9:02 pm

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin….

March 29th, 2010
9:00 pm

Could be my last cogent thought. But hey, it’s been fun!

Drain The Swamp (NIF)

March 29th, 2010
9:08 pm

Southern comfort

Is that math right? My calculator doesn’t go that high.

So if our gold reserve is only worth 2.6 trillion, where’s the money? And who would be crazy enough to loan us any more?

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
9:12 pm

Bookman- Could you tell me what is wrong with 9:09, I’m not in the mood for dissecting it.

Please?

Drain The Swamp (NIF)

March 29th, 2010
9:13 pm

TW

*what with the t pouchers flying their planes into fed buildings,**

that was a liberal communist.

**attacking members of US Congress**

With Spit and name calling (which has never been proven) look at Jts at 8:43. Libs are shooting at Republicans.

Your crazy people are MUCH crazier than our crazy people.

Scout

March 29th, 2010
9:26 pm

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
9:31 pm

Alright, paragraph #1-

Funny story from the flight today. I was sitting caddy corner to a lib airline pilot who was hopping the flight and riding with the rest of us. How did I know he was a lib? Because he carried with him a copy of Esquire. With me sitting caddy corner, and it is important to remember the dude had to be at least 55, I could clearly see him thumbing back and forth through the mag, pausing as though he were reading the articles, but yet managed to linger on the pictures of the fat lib chicks.

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin....

March 29th, 2010
9:34 pm

Funny story from the flight today. I was sitting caddy corner to a lib airline pilot who was hopping the flight and riding with the rest of us. How did I know he was a lib? Because he carried with him a copy of Esquire. With me sitting caddy corner, and it is important to remember the dude had to be at least 55, I could clearly see him thumbing back and forth through the mag, pausing as though he were reading the articles, but yet managed to linger on the pictures of the fat lib chicks.

So we hit turbulence as we start descending, and the lib pilot dude goes to jer-king his head around and nervously looking towards the co-ckpit. And I’m thinking, oh great, if he’s worried, perhaps I should be also. More turbulence, rougher than before, you can feel the plane sway hard to the side. Now lib pilot dude, almost totally freaked out, has gone to staring at the pictures of the fat lib men in the mag, and I’m all of a sudden thinking that everything is right with the world again.

I was like, dude, calm the F down. It’ll be ok.

Hysterical liberals, geez.

Drain The Swamp (NIF)

March 29th, 2010
9:41 pm

I Report (-: You Whine )-: Impeach Drunken Fool obozo! Just sayin….

They let libs be pilots?

jt

March 29th, 2010
9:43 pm

TW –

It’s a toss up.

Earl Grey or Maxwell House.

getalife

March 29th, 2010
9:45 pm

It’s good they are locking up the kooks to calm things down.

We are back on track with a historic President.

USA!

Southern Comfort

March 29th, 2010
9:49 pm

I think it’s billion and not trillion, which is even scarier.

(hope my math’s correct)

AmVet

March 29th, 2010
9:57 pm

Wanna see the line in that second chart skyrocket?

In the most pernicious corporations, farm out 5 C-level positions overseas and bring back the 5,000 jobs they already farmed out.

Corporate profits stay the same and America gets back to work…

Drain The Swamp (NIF)

March 29th, 2010
9:58 pm

Southern Comfort

I just did it again. 162,670,000 X16,000 (pounds of gold times $16,000 per pound.)

it’s 2,602,720,000,000. That;s trillion but I thought that it would be like 30 or 40 trillion. This can’t be right. We probably have more capital in Federal lands than we do in our gold reserve.

Well, I’m not as worried about losing our entire gold reserve to China or India. But how in the world do we still have a triple (whatever it is) credit score?

I think our entire government worth is just smoke and mirrors (and tanks and airplanes).

Drain The Swamp (NIF)

March 29th, 2010
9:59 pm

Hey AmVet

Figure out this math. The gold reserve has 8,133 tons of gold. At $1,000/oz, what’s it worth?

I got 2.6 trillion. It’s got to be worth more than that.

Southern Comfort

March 29th, 2010
10:01 pm

NIF

Maybe somebody’s bogarting the gold reserves and not reporting the full amount. Or we could add other assets like planes, trains, and automobiles to boost that amount. Those F-22’s and B-2’s gotta be worth something.

TW

March 29th, 2010
10:01 pm

It’s really amazing that anyone is shooting at anyone, being that Obama took all our guns away…

LOL!

Seriously though, where’d cheney go? Off on an island joint with Rove, being that they both got the gene…

ewwwwwwwwwwwwwwwwwwww

getalife

March 29th, 2010
10:03 pm

You cons need to send Steele more money.

Those ladies are not cheap.

And stop with the family values crap until Steele, Vitter, Ensign and Sanford have left office.

It’s ridiculous.

Drain The Swamp (NIF)

March 29th, 2010
10:08 pm

Southern Comfort

I guess that is why we borrow money from China. We don’t have that much.

When I was in my twenties, I had a house foreclosed on me. I defaulted on less than three thousand bucks. I drove POS cars for the next seven years. And then it took a 50% down payment to buy a new Chevy Monza. (A new POS) How does the government still borrow money?