Well here is a nice thought for the Fourth of July weekend: your current American recession is losing the war on joblessness better than the last four recessions! This particular facet of American Exceptionalism will be buying you slobs your hobo chicken stix from now on, please mail your letters there. The bleak job growth news comes from a new report by the Center for Labor Market Studies, which we do not recommend for hobo readers. Put a different way, America is winning the War on Employment so well that for the first time in post-World War II history, our economy has failed to create net job growth in the wake of the recession. Was there good news for anybody at all, maybe like for some of those corporations that we are always giving tax breaks to?
Yes, of course there was. Corporate profits represented 88% of the growth in real national income during the recovery in 2009-10, while rises in real wages represented an awesome 0.1%. No, the decimal point is not in the wrong place. 88% to 0.1%.
From the report:
Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. The extraordinarily high share of national income (88%) received by corporate profits was by far the highest in the past five recoveries from national recessions.
And here is your War on Employment chart:
[Center for Labor Market Studies via Mother Jones]
{ 251 comments }
Let's all celebrate by offshoring Congress to China.
holy shit! That's china's plan isn't it?! I see their endgame so clearly now.
They want production jobs, not useless windbag blowhard bastards pontificating to them on their one baby per family rule.
"pontificating to them on their one baby per family rule."
They'd probably have to shift gears a bit to go from "Abortions for none!" to "Abortions for all!"; otherwise, the whole meddling in people's sex lives ought to suit them just fine.
Such pleasant news for the holiday weekend. Wait – many of us are on permanent holiday it seems.
Yeah, I was just wondering how Monday would be different than every other day in my life, when I realized the busses wouldn't run.
Yeah, but then they would end up owning us…oh, wait.
Louisiana outsourced its Governor to India. How's that working out?
South Carolina too.
I hate to say this, but I wish they'd send my shitty job to Bangladesh or wherever.
Be careful what you wish for.
At least in Bangladesh, you would have a chance of Bono, coming out to help you with a concert. Here we are screwed.
That's a threat, not a chance.
Coming in 3…2..1…
"Coming in 3…2..1…"
…get that sock ready.
yeah, grass is always greener. last year i had the shittiest job ever.
now i wish i had a shitty job, maybe even in bangladesh.
I'd settle for Bangor Maine.
Will the GOP really allow this country to go down the toilet so that they can have a bleaker situation to blame Obama for? Could they really hobble us until the next election and still look at themselves in the mirror to take shirtless pictures to send on the Twitter?
Yes!
It's the Republican way. We must destroy this country so that we can save it!
we must destroy this country rather than share it.
fixed.
Si se puede!
Make that 是的，我们可以
Need you ask?
Yep.
All that and tax breaks too.
"Duh."
The GOP won't be happy until we have no taxes and are at war with every country on this Earth. Look out Canda, you are next!
Meh, wake me when we get to Upper Volta.
Build the damn wall!
If by 'allow', you mean 'force', then yes.
Yes, this is how empires crumble – from self-serving fools within the power structure.
Where's Luke and Yoda when we need 'em?
Barb: You are either adorably idealistic or wickedly sarcastic. I vote for the latter.
[Excuse the many edits, just trying to hone my logic.]
If you're talking about the debt ceiling debate, the question is really, will Obama allow it to happen? Because the GOP is locked and loaded on breaking Obama like he was Kunta Kinte tied to a tree to get his foot chopped off. If he cuts more spending and doesn't raise millionaire taxes, they win, the liberal base will abandon Barry in droves, and they win in 2012. If he lets the shitstorm ride and the country/world hits the crapper, they win, its likely that a great deal of idiots will blame only Obama, and they win in 2012.
Everywhere, the strategy of the day is the NBA/NFL owner lockout. Call their bluff and fuck 'em in the ass. It doesn't matter if it's the federal government, Wisconsin, Minnesota, wherever. Now let's have a great weekend and celebrate America!!
Sorry if this is a stupid question, but why doesn't the President do something that is not playing into the hands of his overt enemies and might actually help people — like, say for example, repeal the Bush tax cuts?
President Obama is obviously an intelligent man, so I'm going to assume that he already knows that the opposition is determined to screw him over, and doesn't care if they wreck the country in the process (and in fact, might prefer it). Since they're not going to "play nice" no matter how much he tries to appease them, why does he keep trying? Do they have Bo tied up in the laundry room or something?
BTW, this question was addressed to Chet but is not limited to him; I'd be interested in the other wonketeers' take on this issue as well.
I'd understand if Bo was being held hostage…I am an animal lover, after all.
Considering that the day after he was elected, Rush Limbaugh proclaimed that he hoped that Obama fails, and the pace of the layoffs increased, yes I fully believe that the corporatists and their Republiklan lackeys fully intend to do whatever it takes to regain power.
President Obama and the Democratic Congress passed the greatest amount of stimulus spending in the history of America, and yet the real unemployment numbers are somewhere around 19% and corporations are awash in cash that they refuse to spend to employ American workers.
In 2010 the Republiklans took back control of the House on the promise to make jobs the number one priority, and yet not one single piece of legislation has been passed that will create a job.
It's a small price to pay to teach those smart-ass union thugs a lesson.
YES!
Boy, these corporations really have this whole recession thing figured out. I wonder if they…
Oooo, look at the pretty fireworks!
They are falling down on the fireworks here in Upstate NY several local Towns have either cut them way or cancelled them all together – for Freedumb.
Same here. There will be no motherfucking loud and pretty lights under Rahm that you don't drive to Indiana and buy yourself!
http://www.suntimes.com/5700733-417/chicago-cance...
Out West, they've banned fireworks because of wildfires. Of Thee I Sing!
But the Rethuglicans still say "Class Warfare" is a dirty word. There's gonna be a reckoning, you Kochtards.
"Class Warfare" is when you point it out.
I would have upfisted you twice if I could could have.
a/k/a "blaming the thermometer for the temperature"
Warren Buffet has pointed out there is a class war and his class is winning.
It's only considered class warfare when the proles fight back.
"This is not war – this is pest control! "
Representative Dalek (R)
"Class Warfare" is a dirty word until the bastards win completely.
The only solution to the employment problem is to make abortions against the law and union bust.
More barefoot and pregnant! You don't count as unemployed if you're not looking for a job while breastfeeding five kids under a bridge.
"under a bridge"? – that's luxurious living, that is.
[One of] The [too-numerous-to-name] difference[s] between homeless folks and rethugs: destitute as they may be, the other homeless people would let the lady with babies have the better spot under the bridge.
Ok, I have no data to support this, but it sure sounds right.
"breastfeeding five kids under a bridge"
Sorry, there's no way you'll ever convince me that a woman with five tits couldn't find a job as a stripper.
Fitst, you're right. And, since I don't do kids, I can't imagine breastfeeding anything, but five tits…ew! In my mind's eye they were taking turns. Also, too, you'd need custom lengerie for five tits. Oh, duh, tasseled pasties. Disregard.
You forgot to mention giving millionaires, er, Job Creators more cash. And eliminate the threat any corporation will ever have to pay taxes, ever. That's to remove their "doubt" about the economy so they'll invest their money in jobs.
You should form an exploratory committee – that sounds like a winning campaign platform for the GOP
Only Paul Ryan can save us now.
Does saving include letting untreated olds to die, while the armed young ones are out taking what they need as all social programs have been cut. Hell yes it is the republican way. (Very Darwin of them, even though they don't buy his bullshit).
88% increase in corporate profits? That's wonderful–the benefits should be trickling down to the rest of us any day now!
Hey, .1% trickled-down. If we cut corporate taxes even further I bet we could double that.
I'd be interested to see the meager wage/salary gains broken down further by income level. Is it possible that working-poor-rich (but not not rich enough to own a jet) at the upper-reaches have seen more of that than, say, a household pulling in the national average income? Perhaps I should have studied economics more so I could understand all the complicated maths.
Did you mean real economics or unicorns-and-fairies economics?
It IS trickling down. I have here a coupon for 25 cents off on a 12 pack of Georgia Pacific toilet paper. Thank you Koch brothers!
Let the Golden Shower begin.
No shit. This trickle down stuff has been the Republitards' line since 1980. If there were anything substantive in even the tiniest way, by now I'd be drowning in money, not debt.
I'm pretty tired of getting trickled on, myself.
The only trickle down we'll see if if we get evicted and have to rent a room in the basement of an outhouse. Then this Republican policy shit will really make sense.
And you know *who else* presided over a period of high unemployment and political instability?
Jimmy Carter?
Genghis Khan?
Mad Lord Snapcase?
Simon Cowell?
Neville Chamberlain?
Hosni Mubarak?
Lieutenant-Colonel Franz Joseph Hermann Michael Maria von Papen zu Köningen?
(Spoiler Alert: Weimar Republic)
Albert Yawkey?
Herbert Hoover?
Julius Caesar?
Marie Antoinette?
Ronald Reagan?
Sacrilege!
Everything was perfect when St. Raygun was emperor!
Perfect, I say!
There was no unemployment, no poverty, no transfer of wealth, no dismantling of the safety net, no erosion of civil liberties, no union-busting, no senile Presid–
Oh, fiddlesticks.
Nero?
David Cameron?
Sauron?
To celebrate everyones addiction to Hobo Beans I offer this:
"How about some more beans, Mr. Taggart?"
Ayn Rand is masterbating in her grave right now.
With Alan Greenspan?
She really believed in the Mastur Race.
How dirty!
Yet her entry to the grave was delayed by socialist medicare, how ironic.
I believe that, in fact, she was born without any sex organs which is why she was such a vile bitch.
Not so, apparently. She was fucking her boy-toy Nathaniel Branden in the '60s before nearly all of his life-force was drained and he broke off on his own to start the "Self-Esteem" movement.
http://nathanielbranden.com/catalog/rand.php#
http://en.wikipedia.org/wiki/Nathaniel_Branden
There is NO TRUTH to the rumor that Alan Greenspan sleeps with the bones of Ayn Rand in a hyperbaric chamber. NONE!
I think what you mean, Chet, is that the rumor that Alan Greenspan sleeps with the bones of Ayn Rand hasn't been proven.
However, neither has it been disproven.
WHEREZ THA BONE CERFITICKET???
Whatever. I'm warming up my Gulfstream and having Francheska the Russian Supermodel warm up some Caviar Helper so I can fly to Costa Rica and watch monkeys sling crap at each other. It's great to make $250K/year. That's what they said in the Wall Streer Journal.
You don't have to schlep all the way to Costa Rica to watch semi-evolved mammals throw shit at each other – just head to DC – that big domed building at the end of The Mall (you can drop Francheska off at my place on the way – cheers!)
Unless you're a teacher then your getting that lavish 50 grand a year and living the high life on the backs of the people who work for living.
I'm old enough to remember when earning 50k a year was hot damn.
Currently on 11K and fuck alla yez upper class bastards.
I'd be thrilled to make 50K this year.
Or for that matter, 25K.
I didn't mean to make it sound like 50K wasn't a great income even today, but not all that long ago that was the salary of upper management and the professional classes. You had really "arrived" if you made that. Kind of like 250K+ (for a single childless person) today.
I can't wait for the Wall Street Journal to report on the hardships these corporations have to endure. I'll bet some of them don't even have Gulfstreams.
But what about all those jobs flying private jets?
What about maintaining the yachts? And those polo ponies don't feed themselves, you know.
I have a good friend whose son is a private jet pilot. He gets paid squat, and his bosses seem to feel he should be grateful that they just let him fly at all.
And building yachts, and supplying caviar? See, it DOES trickle down!
Slightly OT, but isn't it time for Gingrich to do or say something unbelievably stupid again?
He would have to go the Buddhist monk in Saigon, 1963, route to attract much attention after his campaign collapsed.
So what would be the downside? For the first time he'd do something that wasn't self-evidently in his own interest.
GLOBAL WARMING!
"So what would be the downside?"
All that fat is bound to spatter hot grease when it gets to fryin' good.
PS. In answer to your avatar's question, "Is there a reason to listen to any music other than Van Morrison's?", my answer is "Otis Redding". Fortunately, it's not either/or.
Bob Dylan’s also way up there in my pantheon of musical immortals. (Let me put on my harmonica rack and I’ll wheeze out a few verses of “Don’t Think Twice.”) Otis too, of course.
I am pretty sure no one is reaching for a fire extinguisher. Gas can maybe.
From your lips to the Buddha's ear.
Has the minute hand gotten back up to 12 again?
Well, I've been hoping he'd run into a mob of violent anarchists, on his Greek vacation!
Yes, but he is the human incarnation of the "Happy Hour Clock" that is always stuck at 5 pm
I say, Kristen, where is our Dominique Strauss-Kahn story? I've got this "Talented Mr. Rapely" pun I've been waiting to use all morning, and I'd hate to miss the chance.
Try your luck over at the French site Rue 89, where they have an appalling piece envisioning DSK's triumphant return to again direct the IMF, with Greek protesters massing so as to apologize to him and Bernard Henri-Levy rushing to the Manhattan Sofitel to film a "philosophical tale" entitled "Calumnies of Room 2806," starring Philip Seymour Hoffman and Naomi Campbell.
This is good news for Disease and Death.
War and Famine are pretty upbeat, too.
Job creation!
Those who do not know their history are bound to repeat it…repeat it…repeat it.
http://www.bonjourlafrance.com/france-facts/franc...
Ha ha! The joke's on them. When I lose my shitty job at Walmart I won't be able to shop there anymore. Hello, life of crime! When there's no more room in debtor's prison, the broke will walk the earth.
Like Caine from "Kung Fu."
I look forward to my robbery at your hands! All you will get is a Subway Club card with two stamps on it, but handing it over to you at knifepoint is the least that I can do to help the ecomony.
P.S. Do thieves have a good union?
Relax. Maybe we can get China and India to outsource some of our jobs back to us.
I'd better start practicing my accent: "Hello, this is Sanjay at Customer Support. How are you today, sir?"
The last time I called Customer Support, Sanjay, I mean STEVE's, supervisor asked me afterward:
1. Was Steve courteous and helpful?
2. Was he able to fix the problem?
3. Could you understand him?
Yeah, but they will be outsourcing the jobs no Chinese person wants to do, such as electrical current tester, asbestos molder, and HGH donor. On the other hand, there may be some of those closed captioning jobs available: Dirk Cheater hits a homorun!
"electrical current tester"
This made me picture W standing in a tub of water, holding a wire and grinning, eagerly anticipating the "buzz" Dick said this would give him.
Masturbating turkeys for artificial insemination.
"your current American recession is losing the war on joblessness better than the last four recessions!"
Let's see, Republicans browbeat the woman who wanted to regulate Credit Default Swaps back in the 90's.
Republicans then passed in 1999 a bill that prohibited regulation of Credit Default Swaps.
Private banks issue TRILLIONS of Credit Default Swaps and since there are no regulations, no one can do anything about it.
2007: A private bank defaults on it's CDS obligations, setting up a domino effect, which causes a WORLD WIDE CRASH IN STOCKS, BONDS, EVEN GOLD FUNDS.
EVERTHING CRASHES.
The American People lose billions in their IRAs and 401Ks and pensions to these thiefs.
GOP Conclusion: We need LESS regulation on Wall Street. Let banks do whatever the fuck they want. What possibly could go wrong?
wow… I think i died a little after reading that. i knew most of this stuff but to read it enumerated and articulated so well… i'm not even angry, just sad.
"Wait, gold?"
~Glenny "unemployed-lynch-victim" Beck
Of course, it's working out great for them.
BribesTiffany credit lines do that for you.Greedspan recanted his Ayn Randian psychosexual conditioning for a few hours but fortunately the Koch chip in his brain soon reasserted control.
Don't forget deregulating the S&Ls and whatever the financial deregulation law that Phil Gramm got passed that allowed his wife's company, Enron, to fuck all their employees out of their pensions. And who does the Kock brothers' lackey convince the Teabaggers to blame for this mess? Public employees, of course.
And I could have gotten away with it, if it wasn't for you meddling kids.
"Gee, Captain, I sure hope we hit another iceberg"
Corporate profits were up only 88%? Imagine how high they could have been if only the corporate tax rate was lower. Those poor, poor corporations.
Sometimes in the hurly-burly of political wrangling, we lose sight of the real victims, like corporations.
And Sarah Palin, of course.
Republicans are cheered by the rise in the number of hobos. These private Sector positions are the key to economic recovery, just as a rise in Hoovervilles would signal improvement in the housing market,
Well thank GOD for Citizens United–without them, who would be looking out for "corporate rights" (which, if I'm not mistaken, were spelled out by our Founding Fathers)???
Yep, I'm sure John Quincy Adams said that. (Source: Wikipedia)
Whatever suckers. I'm sending my resume over to Fox. I can sob incoherently about ACORN with the best of them. I promise to share my jet.
Share? Share?? That's soshilist talk, you don't belong on Fox anything!
I'm sure this is just a misunderstanding and that by "share," the G-I meant "let other oppressed super-rich people who also own jets ride in it while showing pictures of the jet to adoring peasants and begging them to send money."
It's not sharing if it is between rich people. Then it is "networking."
I have a good recipe for hobo beans.
Take one hobo…
Watch out. Hobos are full of hobo flatus from those hobo beans.
This is a dangerously sober reporting Wonkette, not enough Wonketting to make us laugh with our tears.
Do you want Captain Suicide* back?
I didn't think so.
______________
*Ken Layne on a bad day.
If it's too sober for you, I found a cheap ($10) red for you.
As someone who likes beans, is lazy so doesn't want a jerb, over 70, haz healthcare and an income for life; all I can say is: "Fuck You Paul Ryan, do your worst!". I vote, I Wonk and I pay attention. Thass about all I'm good for.
Well ttommy, if Ryan wants to walk point on this ol' Paulie's gotta understand that walking point does have its risks. Mmmm, why is that one twig bent kinda peculiar that-a-way? click – oopsies – kaboom.
I'm gonna duck outside for a sniper check.
I'm all hard just thinkin about it.
" I vote, I Wonk and I pay attention."
I'd like that on a bumper sticker.
I'm thinking tattoo, if I can find the space.
A member of the wonkeratti older than I. I didn't think that was possible. Do your kids know you do this and/or know your screen name?
"Grandma, whatcha you doing on the internets?"
You'd be surprised how many of us olders think like you youngers…We don't all worship McCain and tea cups.
On the tubes no one knows your an old.
Get to flirt with what we imagine to be hot babes, like Barb, LimmieLizzy, anniegetyourgun, and crush toads like Norman.
As long as I don't get or give an email address, it's all good with the wife.
(Reminds me of a friends gay couple arrangment: okay to mess around all you want, but no names exchanged! Probably still together.)
We might not have jobs but we can take pride in having the bestest corporations the world has ever seen.
Want to join me in basement of some dive bar for some bare knuckle fisticuffs?
Sssshhh.
See Rules 1 and 2.
Well, this makes me feel very good about tax cuts, since giving more money to corporations may increase job growth to .2%
But hey, at least inflation is at 0%! Of course those efforts to prevent any inflation are in part responsible for the jobless part of this jobless recovery, as the Fed ignores the "boost employment" part of its mandate, but whatever…
Yeah. For the first time in my life I have a few shekels in the bank and the first thing the bastards did was drop the interest into negative territory so I get to pay on that end, too. Fuck them all to hell.
if inflation is 0%, then why is a loaf of bread $3.50?
But I thought everything was taken over by the government?!?!?!
This link seems to imply that the conservatives are just making stuff up. Again.
Not believing that "everything the government does is socialist" is socialist.
Beans are the musical fruit, so they can be used to heat the
housecardboard box. Oh, yeah it's summer so don't need the heating right now.No, just entertainment right now.
Corporate generosity overwhelms.
/ wipes tear from eye
Not only that, but they are doomed to repeat it. Also.
Corporate profits may have gone up 88%, but we still have to lower their taxes even further to make them hire people and create jawbs!!
Even though they easily could hire a lot more people if they wanted to.
You know who else was doomed to repeat stuff?
Sisyphus?
Noman?
Dis-Organizer imps?
UHF channels?
HBO?
The guy in "Memento"?
Well, since these corporations have all of the money, then they should just go ahead and fix my road, educate my kid, and feed the less fortunate.
Oh, there's no profit in those things? Maybe if we cut their taxes, they'll do it out of the goodness of their heart. That's how this capitalism thing works, right?
Don't forget, the messicans are taking all the good jobs, also, too.
/edited for autocorrect fail.
Mr Hobo Risin'
Whatever. My wealth is inherited. When you come over to clean my house, don't startle the cat-sized giraffe.
Hoping to lose consciousness and miss all the recovering?
That would be sweeeet!
I dunno, this sounds unrealistic. I mean, have you SEEN Grover Norquist? Anyone, other than a blind syphilitic leper, would probably not have sexytime with him. And I apologize in advance to blind, syphilitic lepers.
More beans, no wonder the poors always smell bad.
The Soldier who Saw Everything Twice?
I'm one of the lucky ones. Today I'm moving outside of Austin to live on a farm, with rent reduced to almost nothing in exchange for feeding 700 chickens and picking up their eggs. As well as looking after 6 pigs, 5 cattle, 20 or so ducks, and the 2 Great Pyrenees that look after all of them.
Give me time to set up a garden, get my homebrew stuff working, and I'll have my own hobo camp!
If you drop by bring toilet paper or cat food.
6 pigs? I don't envy you… god, can those things shit…
All the animals are raised on pasture so the shit gets spread around. Just like the depressing economy.
and you continuously have to reapply their lipstick
How long before you get really sick of omelettes, and long for hobo beans?
Good luck, hope you have better internet access out there than I do.
It's $50 for a wireless (line-of-sight) 1.5Mbs with some latency. I won't be much of a Wonketter any more.
I'm on someone's unsecured wifi for now, my own wireless was the most useless thing this side of dial-up…
Patience. The 2001 and 2003 Bush tax cuts are going to kick in ANY MOMENT NOW.
I will now proceed to hold my breath.
Right? I'm still waiting for reaganomics to
stopkicking meinthe balls.Kirsten, Why do you want to punish the job creahahahaha I actually can't finish that sentence I'm too busy bitterly laughing. And sobbing, also too
I guess now this means I'm in the right business… Anyone care to make their first order? Now that Beck's gone, we had to tailor to another product.
You can have my fucking job as well. I'm tired of being grateful for it.
This is good news for my student loan company!
i say this all the time, but from your mouth to god's ear.
It's true. Repugs always overreach. Dims, on the other hand, can never pull the trigger when every advantage is handed to them. They just can't go for the jugular. Repugs definitely go for the kill, then they have so much fun playing with the body they forget what they killed it for.
Nice summary.
As the saying goes, "Vote Democratic because spineless is better than evil".
Sad, but true!
OBVIOUSLY CUTTING GOVERNMENT SPENDING WILL FIX THIS BY FIRING FEDERAL WORKERS AND IN CREASING COMPETITION FOR PRIVATE SECTOR JOBS!!!!!!
How many private sector workers does it take to support one government worker?
LAMEST. APOCALYPSE. EVER.
Here's a graph of the U6 unemployment figures since Democrats took complete control of Congress 4 1/2 years ago:
U6 Unemployment 2007-2011
"The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over "
Perhaps you haven't been paying attention to this post, Spanky, but why do you think the unemployment has remained so persistently high, huh. Oh, that's right, because corporate America is far more interested in keeping their fucking massive profits for themselves than actually putting money in to hiring more workers.
I'll let you read that again, just in case you missed it the first time.
Corporate. America. is. far. more. interested. in. keeping. their. fucking. massive. profits. for. themselves. than. actually. putting. money. in. to. hiring. more. workers.
Yeah, that makes a lot of sense (to libunatics), because corporations don't need people to profit…
I sure hope that no ditch digging company buys any back hoes or skip loaders or hauling trucks. Nosirreee, those jobs belong to people who want to wield shovels and wheelbarrows.
Oh, and PS. If you're going to be a douchebag when you post, at least try and be an intelligent douchebag. Also, too, as well.
Ah, so the stimulus stopped the job bleed. Interesting. So any other policy recommendations you can provide us? Thanks.
Yeah, the job situation is great! Remember, we needed the stimulus so that unemployment would not go above 8%.
Reread the title of this thread:
"America In Most Jobless Recovery Since World War II"
Ah, the old 8%. So, what was that estimate based on? Then-current economic data. And as anybody familiar with economics knows, economic measurements are based on many different sets of data, many of which do not come in until long after the period passes. That new data is then used to revise old estimates and give more accurate measurements.
So what did the new data coming in keep showing? That the economy was actually a lot worse than we thought it was when that estimate was made.
However, one thing that remained consistent was the CBO and other non-partisan economic number crunchers' estimates about just how many jobs were created or saved by the stimulus. Millions. That's millions of jobs regardless of the starting point. It was enough to halt the unbelievable loss of 800,000 jobs per MONTH.
http://www.flickr.com/photos/deaniac83/5693225619...
Maybe you feel that wasn't enough. Ok. So I'll ask again. Do you have any other policy recommendations you can provide us?
Attention people! About 0.1 % of these posts are mildly amusing. You are not as witty as u think u are. I guess if u amuse yourselves there's no harm but I can't take anymore of this verbal masturbation.
Bu-bye!
Wow.
You read these mildly amusing posts down to this point before saying something?
I'll bet that you don't always drink beer, but when you do, you drink Dos Equis.
Door.
Ass.
That is all.
I'm sure more people would like to respond to your post, but you've sent them all into a shame spiral.
Who the hell are "attention people"?
well that settles it. i'm just going to keep being an actor living hand to mouth.
also: FUCK CORPORATE AMERICA!! DOWN W/THE MAN!!! AT LEAST I have a soul!! HOBO BEANS WITH TWO BUCK CHUCK!!
etc.
gullywompr?
Thanks for posting those links, especially the second one. I remember Archie comics from waaaay back but don't recall anything sad like that. I'm glad I missed it.
Pete and Re-Pete walking down the street?
Here's an idea: The corporate tax rate should be 36% + the current unemployment rate.
The Human Centipede?
Just one more tax break……..really…………we'll make jobs with this next one……….promise!
As I put my children to bed, I read them the tales of what happened to the Princesse Lamballe, hum the Internationale and ask them what they want to do to the Koch brothers…. Class warfare or GTFO!
The bullshit-creation skills alone should be enough to get you a job.
I must concede that I'm well compensated for my bullshitting skills. And I know how fucking lucky I am, in this economy.
"3rd place gets outsourced to the 3rd world"
Which the US is becoming anyway, so it's all part of the circle of life.
We should come up with two or three funny posts, and then just repeat them at random. That would be awesome.
For all the good that's likely to do them at this late date.
You can't tell emu scat when you see it?
Now, how do you expect to get and keep a jerb if you don't know shit?
But the average American has seen a substantial improvement in income.
Godfather ref FTW!
Well, this is what happens when you're the only game in town.
All I know is that Corporate America is trying to kill hobos with chocolate Raisinettes disguised as beans.
This fourth of july I'm going to celebrate by giving my right-hand-man [does all the work] a pay-freeze, fire half my underlings – so that their families looses their homes – and make sure I get a hard earned $XXm bonus. OH wait I'm not the CEO, I'm the underling! ….Who's got a beer?
Understood.
My comment wasn't a knock at you, or even a rebuttal to your point.
It was more of a lament about how, no matter how much or how fast I lower my expectations, I don't seem able to keep up with the downhill toboggan.
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