Unemployment went up, GDP direction went negative again, something like 8.5 million people have just dropped out of the labor force since Obama's first term because they can't find a job, the economy has more new entrants in the work force than jobs created each month, and we are about to add another 13 million (11 million new citizens and about 2 million in additional guest worker visas) to the labor force.

 

An usual recipe for an economic recovery from Obama.

Edited February 1, 201313 yr by mr_genius

At the current rate, we'll reach full employment again in about 2021, 14 years after the start of the recession.

http://www.slate.com/blogs/moneybox/2013/0...45_percent.html

 

nice

At the current rate, we'll reach full employment again in about 2021, 14 years after the start of the recession.

 

The glass is half full view, I can appreciate that.

lol

 

edit wait no

Edited February 1, 201313 yr by StrangeSox

Unemployment went up, GDP direction went negative again, something like 8.5 million people have just dropped out of the labor force since Obama's first term because they can't find a job, the economy has more new entrants in the work force than jobs created each month, and we are about to add another 13 million (11 million new citizens and about 2 million in additional guest worker visas) to the labor force.

 

An usual recipe for an economic recovery from Obama.

 

Feel better though, Obama ended his oh-so-successful jobs commission.

Feel better though, Obama ended his oh-so-successful jobs commission.

They must have no longer needed it. After all, he proposed a major jobs bill 18 months ago and Congress decided it didn't need to happen, so they must all have agreed that the job market is fine.

DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT

Feel better though, Obama ended his oh-so-successful jobs commission.

 

ah yes the jobs czars.

 

Obama is going along with some of their recommendations, like giving out millions of guest worker visas to create a pool of cheap labor and increase unemployment. well done Mr President.

DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT

 

the GOP supports your unlimited spending and debt crusade. i don't see what you're upset about.

CBO has some new debt projections out:

 

 

can we please get back to worrying about the 5% GDP output gap and the +7% unemployment now??

 

 

Anonymous broke into the Federal Reserve's computers and at the very least has published personal information and login passwords of quite a few bank executives.

Anonymous broke into the Federal Reserve's computers and at the very least has published personal information and login passwords of quite a few bank executives.

 

I hope they all get prosecuted and thrown in jail. Not talking about the execs.

I hope they all get prosecuted and thrown in jail.

 

I hope they don't get caught

CBO has some new debt projections out:

 

 

can we please get back to worrying about the 5% GDP output gap and the +7% unemployment now??

 

 

GIGO!

GIGO!

Gesundheit.

So it turns out that the "task force" that was part of the mortgage fraud settlement with all of the states attorneys general never really existed or did anything, further proving just how terrible that settlement was.

 

http://www.salon.com/2013/02/13/wall_street_wins_again/

 

 

this was the last part of the fraud:

I know this came up way back when the banks were signing that bogus settlement agreement with the various states' attorneys over their fraudulent foreclosures, but turns out that the banks will be using investor money to write down mortgages they may or may not own:

 

In a surprising revelation, the Charlotte, N.C., lender also said that more than half of the nearly $5 billion in principal reductions will be paid for by investors, not the bank itself. That matters little to delinquent borrowers who saw their monthly payments reduced, but it is sure to anger investors who have argued that they should not have to be punished for banks’ mistakes.

 

Whether B of A’s report is indicative of progress other banks are making in complying with the landmark settlement won’t be known until Joseph A. Smith, the settlement’s monitor, issues his own progress report on Monday.

 

http://www.nakedcapitalism.com/2012/11/que...e-to-roost.html

Edited February 15, 201313 yr by StrangeSox

Emmanuel Saez has an updated paper out looking at income distributions. The top 1% have captured 121% of income growth since 2009.

 

http://www.scribd.com/doc/125269359/Gettin...her-Edmund-Saez

 

 

Emmanuel Saez has an updated paper out looking at income distributions. The top 1% have captured 121% of income growth since 2009.

 

http://www.scribd.com/doc/125269359/Gettin...her-Edmund-Saez

 

Great another study by Karl. Maybe he can follow it up with another cry for 70 to 80% tax rates on the rich.

 

 

The laffer curve is only useful if it can be used to call for ever-lower tax rates!

The laffer curve is only useful if it can be used to call for ever-lower tax rates!

 

Everybody wants more and better services, but nobody wants to pay for it.

Everybody wants more and better services, but nobody wants to pay for it.

 

The Homer Simpson plan. Can't someone else do it!

The Homer Simpson plan. Can't someone else do it!

 

Obama basically used that exact Homer Simpson political blue print to win 2 elections.

Obama basically used that exact Homer Simpson political blue print to win 2 elections.

And Bush used it to launch 2 wars. Does anyone have anything to say other than non-funny one-liner attempts?

And Bush used it to launch 2 wars. Does anyone have anything to say other than non-funny one-liner attempts?

 

No, and apparently, neither do you.