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Breaking: 263,000 Jobs Lost in September; Unemployment Increases to 9.8%
Wizbang —
... some deterioration in employment measures. The government revised job losses for July and August to show 13,000 more jobs lost than previously reported. Preliminary annual benchmark revisions, released together with September's employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000. Reading all this terrible news makes Joe Biden look like he's living in some alternate universe when he said this about the stimulus bill: " In my wildest dreams, I never thought it would work this well ." This is working well? The 9.8% ...
Perhaps Joe Biden should go back to sleep
Betsy's Page —
The week before those dismal unemployment figures came out, Joe Biden spoke to the nation's governors about the so-called stimulus plan: âIn my wildest dreams, I never thought it would work this well,â As ...
Portrait of a Failed Community Organizer
Wizbang —
... energy production, medicine) thus establishing a system that they believe will produce more equitable outcomes and more responsible personal choices. Yet in spite of their idealism, the Obama Administration has failed miserably every time it has tried to convince Americans that its policies -- in particular its desire to up-end and completely restructure our existing healthcare system -- will result in something better than what we have right now. Their rhetoric has been laughable: " In my wildest dreams, I never thought [the Stimulus] would work this well ," " ...
Biden's in Depression -- By: Kathryn Jean Lopez
The Corner on National Review Online —
... said that the U.S. economy has been in what he calls "a great recession" and has stressed that it is not a depression, echoing the general consensus of the nation's economists. But today the vice president took some liberty with the economic terms to illustrate the continuing struggles of the unemployed in the United States. For the millions of Americans without a job, "it's a depression," Biden said.
Last month, though, the stimulus had America beyond his "wildest dreams" for it. ...
October Job Losses Accelerate Again – 10.2%!
Innocent Bystanders —
The economic for October predictions were 175,000 non-farm jobs lost, and an unemployment rate at or just below 10%. Just based on initial unemployment filings , I think you’d have had to count on people continuing to drop out of the system to get numbers that low. So what actually happened? As of this morning, the Bureau of Labor Statistics tells us that we lost 190,000 non-farm jobs, and that the unemployment rate has risen to 10.2% . So let’s have a gander at where that puts us on the “OMG Christine Romer and Jared Bernstein Are Teh Suck” chart: Stimulus-vs-unemployment-october-dots That’s pretty startling. The reason, though, is that fewer people dropped out ...
Happy Hour Links
Weekly Standard Blog —
... Vulnerable freshman Democrats abandoning ship on health care.
Apparently they learned the wrong lesson from the Deeds Disaster in Virginia.
Oh wait, two more Dems just bailed on the health care vote.
Hoyer isn't sure they have the votes yet, the vote may get pushed to Sunday or next week.
ACORN offices raided by the police, Hannah Giles not found.
10.2 percet unemployment = success beyond their "wildest dreams"
Heck of a job, Barry! [Darleen Click]
protein wisdom —
Wow, just think of where we’d be without that $789 billion stimulation! [image] The economic for October predictions were 175,000 non-farm jobs lost, and an unemployment rate at or just below 10%. Just based on initial unemployment filings, I think you’d have had to count on people continuing to drop out of the system to get numbers that low. So what actually happened? As of this morning, the Bureau of Labor Statistics tells us that we lost 190,000 non-farm jobs, and that the unemployment rate has risen to 10.2% . [...] The President and his economic team have claimed that the plan is working as intended , that they’re on track to save the original ...
