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Old 05-13-2012, 10:23 PM
 
3,337 posts, read 2,565,290 times
Reputation: 921

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230,000 stopped receiving checks, over this weekend.

11% are in California. Where there is now a 16 Billion dollar shortfall in the budget.

Are we going from a recovered recession to a depression?

Report says 230,000 unemployed losing benefits over weekend - The Hill's On The Money
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Old 05-13-2012, 10:24 PM
 
29,988 posts, read 37,119,897 times
Reputation: 12759
No doubt the Obamabots and Obama administration will turn this into "the GOP war on the unemployed".
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Old 05-13-2012, 11:41 PM
 
33,046 posts, read 21,964,709 times
Reputation: 8962
Quote:
Originally Posted by lifelongMOgal View Post
No doubt the Obamabots and Obama administration will turn this into "the GOP war on the unemployed".

The long-term unemployed will just twist slowly, slowly in the wind.
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Old 05-14-2012, 12:04 AM
 
Location: Tennessee
34,605 posts, read 33,598,618 times
Reputation: 51713
Quote:
Originally Posted by modeerf View Post
230,000 stopped receiving checks, over this weekend.

11% are in California. Where there is now a 16 Billion dollar shortfall in the budget.

Are we going from a recovered recession to a depression?

Report says 230,000 unemployed losing benefits over weekend - The Hill's On The Money
You know, yesterday I was still seeing "Come to California" ads on TV and I was wondering how they could afford those ads if they are so much in the hole financially. The only other state I see them for is my own so I'm assuming Tennessee ads are only seen locally but for me to see the California ads, they must be aired nationally. Got to be expensive. I was watching USA or TNT when I saw it. Then how about those state of the art Taj Mahal schools? Not only must it have been expensive ($578 million) to build them but they probably cost a lot to maintain.

"Critics have already dubbed it the Taj Mahal. Built on the site of the former Ambassador Hotel, where presidential candidate Robert Kennedy was assassinated in 1968, the 4,200-student school is a monument to the fiscal irresponsibility and extravagance of the nation's second-largest school district."

L.A.'s 'Taj Mahal' School's Real Cost - Investors.com

Los Angeles to Open Latest of Its 'Taj Mahal Schools' - Education - GOOD
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Old 05-14-2012, 12:51 AM
 
Location: Chesterfield,Virginia
4,923 posts, read 4,083,357 times
Reputation: 2637
Quote:
Originally Posted by modeerf View Post
230,000 stopped receiving checks, over this weekend.

11% are in California. Where there is now a 16 Billion dollar shortfall in the budget.

Are we going from a recovered recession to a depression?

Report says 230,000 unemployed losing benefits over weekend - The Hill's On The Money
This means that the next report on the jobs numbers will be 7.9%

As the unemployed who are collecting UE checks lose those checks and drop off the radar .. the UE numbers drop right along with them!

It's a kinda new math!

Don't be surprised when the UE numbers are at or below 6% come oct/nov.

Look at the bright side though .. When Everyone loses their job .. We'll have 0.00% unemployment!
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Old 05-14-2012, 01:58 AM
 
Location: Area 51.5
13,904 posts, read 11,449,625 times
Reputation: 9074
Quote:
Originally Posted by lifelongMOgal View Post
No doubt the Obamabots and Obama administration will turn this into "the GOP war on the unemployed".
.....and blame Bush.

Quote:
Originally Posted by MrClose View Post
This means that the next report on the jobs numbers will be 7.9%

As the unemployed who are collecting UE checks lose those checks and drop off the radar .. the UE numbers drop right along with them!

It's a kinda new math!

Don't be surprised when the UE numbers are at or below 6% come oct/nov.

Look at the bright side though .. When Everyone loses their job .. We'll have 0.00% unemployment!
Yep, that's exactly how it works. And dems are too stupid to figure it out
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Old 05-14-2012, 03:27 AM
 
Location: Fort Worth Texas
12,482 posts, read 8,816,552 times
Reputation: 2527
Quote:
Originally Posted by modeerf View Post
230,000 stopped receiving checks, over this weekend.

11% are in California. Where there is now a 16 Billion dollar shortfall in the budget.

Are we going from a recovered recession to a depression?

Report says 230,000 unemployed losing benefits over weekend - The Hill's On The Money
Once they go off the roles unemployment rate will drop and Obama can claim victory
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Old 05-14-2012, 04:08 AM
 
Location: MASSACHUSETTS
747 posts, read 664,682 times
Reputation: 513
The economy is improving guys, stop hating. Your thinly veiled racism against our Black President is getting pretty sad
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Old 05-14-2012, 04:25 AM
 
5,113 posts, read 4,940,606 times
Reputation: 1728
Quote:
Originally Posted by modeerf View Post
230,000 stopped receiving checks, over this weekend.

11% are in California. Where there is now a 16 Billion dollar shortfall in the budget.

Are we going from a recovered recession to a depression?

Report says 230,000 unemployed losing benefits over weekend - The Hill's On The Money
Looks like the Occupy protests will gain more angry participants in dire straits. The timing is impeccable for the planned summer of riots.
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Old 05-14-2012, 04:30 AM
 
5,113 posts, read 4,940,606 times
Reputation: 1728
Quote:
Originally Posted by sturmgeist View Post
The economy is improving guys, stop hating. Your thinly veiled racism against our Black President is getting pretty sad
I guess that's why the mainstream media and weekend talk shows ... and even Robert Rubin (former Secretary of the Treasury,Obama advisory and Goldman Sachs golden-boy) made recent statements that we are quickly heading for a major economic crisis.

The U.S. has an unsustainable and dangerous fiscal trajectory: Rubin - Freeland File

Former Treasury Secretary Robert Rubin states that the country's deficit will lead to some form of major duress like high inflation, a long period of very slow economic growth and, most likely, a serious financial and economic crisis.
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