the stimulus ain’t stimulating
Posted: 08 February 2010 09:39 AM   [ Ignore ]
DIRNSA
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“First, the drop to 9.7 percent unemployment does not reflect the creation of new jobs that normally accompanies an economic recovery. The number of new jobs is actually declining. Total nonfarm payroll employment, for example, dipped by an additional 20,000 positions after a December decline of 150,000 positions. The unemployment rate the day Obama took office last year stood at 7.6 percent and 134.6 million people had jobs. When he signed the economic stimulus, Obama promised the bill would bolster the economy sufficiently to keep unemployment below 8.0 percent. But the unemployment rate has exceeded 8.0 percent since last fall, and total employment stands at only 129.5 million. The stimulus has been a bust.”
http://www.washingtonexaminer.com/opinion/Recession-chugs-on_-except-in-government-83765597.html

And thanks to Jim for the wonderful graphic that shows when the latest decline started:
http://www.scribd.com/doc/3015540/US-Budget-Deficit-or-Surplus-1960present

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Posted: 08 February 2010 09:49 PM   [ Ignore ]   [ # 1 ]
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War is Peace.  Black is White. Job losses are Gains.  What novel did I read with such statements?  Oh yes it not 1984, but the present Agitprop of the US Govt.

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Posted: 08 February 2010 11:10 PM   [ Ignore ]   [ # 2 ]
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They do like to play with words, don’t they.
Fascist is a good one. How close does our present government compare to this definition: ideologically based on centralized government, government control of business, repression of criticism or opposition, a leader cult and exalting the state
Let’s see - big government (Progressive ideology uses this, too), GM Chrysler & the big banks, can’t criticize BO because he’s the ONE, must have Dems in total control - looks pretty close to me.

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