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Old 08-05-2011, 08:06 AM
 
10,494 posts, read 27,229,958 times
Reputation: 6717

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Quote:
Originally Posted by shorebaby View Post
Sliding sideways, but will probably stabilize things for a while. Here is a scary prediction.

News Headlines

""The next time we have a global economic crisis, it will be much worse than 2008. Before this happens there will be money printing and there will be war. The whole system will collapse,""
Although I do not like what he is saying, I think he is spot on with his predictions. I am surprised CNBC would even allow a truthful article like this.
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Old 08-05-2011, 08:11 AM
 
10,494 posts, read 27,229,958 times
Reputation: 6717
Quote:
Originally Posted by Boompa View Post
It isn't keeping up with the number of new people coming into the market so at the end of the month there are more unemployed than at the begining. The Tea Party is sending theis country into another depression, this second dip will be a booger
It is not the tea party. It is the paid off establishment republicans and democrats that have ruined this country by deindustrializing the country. This started in the Reagan administration and went on steroids in Clinton's administration with NAFTA. There was no tea party to speak of until 2007.
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Old 08-05-2011, 08:12 AM
 
Location: Syracuse, New York
3,121 posts, read 3,094,163 times
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Quote:
Originally Posted by mlassoff View Post
Somehow, I think that certain people who find the numbers "dubious" would find them to rock-solid if they should retarded job growth as in the previous two month...


Some folks like to root against the employment of their fellow human beings. At least during selected political cycles.
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Old 08-05-2011, 08:14 AM
 
1,457 posts, read 2,027,339 times
Reputation: 1407
Quote:
Originally Posted by las vegas drunk View Post
Although I do not like what he is saying, I think he is spot on with his predictions. I am surprised CNBC would even allow a truthful article like this.
Not a pretty picture at all.
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Old 08-05-2011, 08:54 AM
 
Location: The land where cats rule
10,908 posts, read 9,550,789 times
Reputation: 3602
Quote:
Originally Posted by Boompa View Post
It isn't keeping up with the number of new people coming into the market so at the end of the month there are more unemployed than at the begining. The Tea Party is sending theis country into another depression, this second dip will be a booger
Let's see. The Democrats are celebrating this as an increase in unemployment and economic recovery.

You are blaming the Tea Party because it is not.

Slight disconnect there.

Also, was it not just last week when the figures were stated to be 9.2% unemployment, up from 9.1%? Now certain people are celebrating that the announced figures are only 9.1%, again.

There would seem to be something amiss with this kind of thought process.
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Old 08-05-2011, 09:04 AM
 
Location: Pluto's Home Town
9,982 posts, read 13,755,730 times
Reputation: 5691
Not good news. But not terrible news. I'll take it.

Now, if we would stop all the partisan backstabbing and put our heads together to get people back to work and our troops home. Manufacturing, service, government, agriculture. I don't care any of them will spur demand and get us going again.
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Old 08-05-2011, 09:11 AM
 
Location: Chandler, AZ
5,800 posts, read 6,564,796 times
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And of course, another dirty little secret from our most deceitful and blatantly dishonest President ever is that when you UE benefits run out after 99 weeks, you are no longer considered unemployed, as IBD and numerous other media outlets have pointed out.
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Old 08-05-2011, 10:32 AM
 
Location: Dallas, TX
31,767 posts, read 28,806,382 times
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Quote:
Originally Posted by florida.bob View Post
Good, not great. Surprised it is not worse.
I'm too, with all the drama on debt ceiling and uncertainty within the economy... 154K new private payroll jobs does come as a surprise. I was expecting a repeat of last two months, if not worse.
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Old 08-05-2011, 11:02 AM
 
7,006 posts, read 6,991,168 times
Reputation: 7060
Wow, 9%! Congrats to the Food Stamp President. We all know the real number is double what the government reports.

Remember when GWBush was President with 4.5% unemployment and Sen. Maj. Leader Harry Reid called the economy a failure?
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Old 08-05-2011, 11:15 AM
 
5,546 posts, read 9,995,755 times
Reputation: 2799
How come anyone in this thread (unless I missed something) doesn't know the TRUE unemployment rate is 16 plus percent?

Real Unemployment Rises to 16.2% in June -- 25.3 Million People | CNSnews.com
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