Critics Choice

[OntarioVanMan]

Ok critics..tell us how this bad news and must be BS...

U.S. housing construction rose 2.8 per cent to a seasonally adjusted annual rate of 591,000 units. That was better than the 580,000 annual pace that economists had been forecasting.

Also, industrial production in the U.S. rose 0.9 per cent in January, an improvement from the 0.8 per cent reading that economists had expected.

 

[greg334]

Jobs are not being created and unemployment is higher than it should be. Without the proper numbers, much of the news is suspect and with the administration cooking the books to make it look good, there are no good numbers coming out of government.

 

[chefdennis]

yada yada yada....its all on paper....new building permits were down in dec and jan:

Housing permits, starts set new record lows in December - Jan. 22, 2009

unemployment was up last week with 31,000 new apps for unemployment and wholesale prices are up today by 1.4 % including the cost of energy, take energy out and they were up higher.....

BA in BS out and thats all youa re getting from barrys minions.....

 

[OntarioVanMan]

SOME of these are not government numbers...BOTH Caterpillar and Eaton have seen demand grow and expect SLOW growth...
Five of the 10 indicators in the Conference Board’s leading index contributed to the gain, led by the yield curve, supplier deliveries and the factory workweek. Four of the components fell. Higher jobless claims, a drop in the money supply and fewer building permits weighed on the index.

Helping fuel the gain in the leading index last month was an increase in hours worked at U.S. factories, to 40.8 in January, from 40.6 in December, according to data from the U.S. Labor Department. That was the highest since August 2008.

Manufacturing Jobs

Manufacturers added 11,000 jobs in January, the first increase in three years, Labor Department figures showed on Feb. 5. Overall payrolls declined by 20,000 during the month as construction companies and state and local governments cut back.

The world’s largest economy will probably expand at a 3 percent annual rate this quarter and 2.8 percent from April through June, according to the median estimates of economists surveyed by Bloomberg earlier this month.

 

[layoutshooter]

The latest new unemployment figures were much higher than expected. I still am betting on a round of "Carter like" hyper-inflation. There is not going to be enough growth in the economy in the near future to pay for all this stupidity that has be leveled on us. They are going to have to inflate the dollar to cover it all. What a mess. All you Obama bums asked for this!! Can't blame me!! I did not vote for the bum!!! I also did not vote for any of those 3 Michigan bums that claim to, but do not, represent me.

 

[Rhodes101]

I'd guess you voted for the bum that caused this mess not the one fixing it. It appears that we are coming out of the Bush economic collapse and yet so many are crying about Obama.
This is good news for those too blind to see it.

 

[layoutshooter]

Welcome back!! It's been a while!!

 

[muttly]

I'd guess you voted for the bum that caused this mess not the one fixing it. It appears that we are coming out of the Bush economic collapse and yet so many are crying about Obama.
This is good news for those too blind to see it.

Oh that is so funny. It deserves a muttly laugh.YouTube - Muttley Funny Laugh

 

[Rhodes101]

What do you find funny? The fact that the country was in good shape when Bush took over? The fact that it was in a shambles when he left? or the fact that the economy is turning around now that he is gone? I find none of them funny, I find them sad. I find it really sad that a very vocal minority are blaming Obama.

 

[muttly]

What do you find funny? The fact that the country was in good shape when Bush took over? The fact that it was in a shambles when he left? or the fact that the economy is turning around now that he is gone? I find none of them funny, I find them sad. I find it really sad that a very vocal minority are blaming Obama.

Sure glad the economy is turning around.
Hot Air Blog Archive Media shocked by totally predictable “unexpected” rise in jobless claims

 

[OntarioVanMan]

Jobs are the last thing that gets better...

most indicators point to an uptick...

 

[layoutshooter]

Most likely short term, OVM. It will only be a very short time till all that spending hits. There is NO money to cover it. There are few options when that happens and all of them will cause far more problems than the so called fixes ever helped.

 

[OntarioVanMan]

example...if those people that dropped off the radar have resurfaced to look for work..there would be an increase in the jobless rate....Thats is why #'s are unreliable

 

[OntarioVanMan]

Most likely short term, OVM. It will only be a very short time till all that spending hits. There is NO money to cover it. There are few options when that happens and all of them will cause far more problems than the so called fixes ever helped.

The companies rebounding have received little/no funds...what is there to cover?

 

[layoutshooter]

What happens when all that spending comes home to roost? Do you really believe that things will just be hunky dory? Look back to Carter and the days of 15% inflation. No increases in pay. Unemployment at a high level that stayed there for a long time. Those days are headed our way again.

We do not have the GDP to cover all this spending. They are going to raise taxes, on everyone who works, and expect that to cover the losses. It won't. The only two alternitives left is borrow more or inflate the money supply. Sound like anything we have seen before? Do you remember stagflation? If you enjoyed it last time you will really love the return performance.

 

[OntarioVanMan]

someones got to pay the piper...granted overspending will come with a price....BUT a what price?....does not matter what we THINK will happen....lets just hope it is not as bad as your projection....

 

[layoutshooter]

LOL!!! Well, history is repeating itself. Why? We made all the same mistakes. The outcome will be the same. It always is. As the old saying goes, "for things to change, you have to change" We have not. We keep putting the same jerks into power and they keep sticking to us and we keep "hoping" for a different outcome. What fools we are!!

 

[OntarioVanMan]

Well the 80's recession again some said we spent our way out....and eventually we came out and there was a burst and all was honky dory...then after a succession of bad admins...no one party is guilty...they let this happen...and yes 8 years of Bushes watch...

Obama did not start this but we'll see just how disasterous his fix will be...

 

[layoutshooter]

There were tax cuts in the '80's, not tax increases. The coming increases will kill jobs and strangle business. Congress is far more to blame than any president. They control the spending. They have the power to tell Bush or Obama or any president just where he can shove his/she/it's spending. They did not act in the best interest of the People. Those are just facts. They are just ripping us off.

Try this one for a laugh, write to your useless Senators and congressmen and ask them how much of the Social Security surpluses were invested over the years and just how much of those zillions of dollars are there to cover the up coming babyboomers. They will NOT give you the answer. Which, by the way, is NOTHING!!!!

Social Security is now considered an unfunded mandate.

 

[OntarioVanMan]

Ok I wasn't specific so shoot me..*L* I say admins, you say Congresses, whatever...just the combinations have been bad..

I am going to pull the American way out...

If it doesn't effect me much...It is not my concern...

I am personally set-up enough that nothing these clowns could do will have a big effect...