Hope and Change Update - 85,000 Jobs Lost in December

[red states rule]

Since I am stil recovering from surgery, I am able to watch the liberal networks "report" the news

Yesterday, they all "reported" how the economy was going to add jobs and stop the consistent job losses Obama has racked up

Well, once again they blew it

I will watch how MSNBC spins this and tries to pass the buck to anyone other then their leader Pres Obama - and get back to you





Economy Loses 85,000 Jobs in December, Jobless Rate Stays at 10 Percent

WASHINGTON -- The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation's employers.

The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected.

A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at the same rate as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.

When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called "underemployment" rate in December rose to 17.3 percent, from 17.2 percent in October. That's just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.

Revisions to the previous two months' data showed the economy actually generated 4,000 jobs in November, the first gain in nearly two years. But the revisions showed it also lost 16,000 more jobs than previously estimated in October.

The report caps a disastrous year for U.S. workers. Employers cut 4.2 million jobs in 2009, and the unemployment rate averaged 9.3 percent. That's compared to an average of 5.8 percent in 2008 and 4.6 percent in 2007. The economy has lost more than 8 million jobs since the recession began in December 2007.

Most economists worry that 2010 won't be much better. Federal Reserve officials, in a meeting last month, anticipated that unemployment will decline "only gradually," according to minutes of the meeting released earlier this week. The Fed and most private economists expect the unemployment rate will remain above 9 percent through the end of this year.

http://www.foxnews.com/politics/2010/01/08/economy-loses-jobs-december-jobless-rate-stays-percent/

[red states rule]

My girl is about to open the shop for business and I will lose my internet connection - but I will tell you now what the Dems will say, and what Obama's PR staff over at CNN, MSNBC, ABC, and CBS will say

"The Bush recession was worse then even the experts thought. Despite the best efforts of Pres Obama and Democrats, the damage done to the nations economy by the Bssh tax cuts is deep and lasting. Will Pres Obama now push Coingress for a second stimulus package? We need to jolt this economy forward, and only more government spending seems to be the answer. The big question, will Republicans oppose this common sense solution and push for more tax cuts for the wealthy?"

[red states rule]

This fact will probably NOT make any of the nightly news shows tonight. Nor will papers liek the NY Times, Washington Post, or LA Times bother mentioning this




In First Year, Obama Presides Over 4.1 Million Jobs Lost, Most Since 1940


Unemployment shot up in 2009 from 7.7 percent in January to 10.1 percent in October before settling at 10 percent in December. Behind those percentages were more than 4.1 million people who lost their jobs during the year. According to data from the Bureau of Labor Statistics, that's the most job losses in a year since 1940. (BLS could only provide data from 1940-2009)
But don't expect journalists to label President Barack Obama the worst jobs president since Franklin Delano Roosevelt (1933-1945). The media spent 2009 trying to shield Obama from the troubling numbers.

ABC's Charles Gibson called the loss of 539,000 jobs in April a "marked improvement" May 8, 2009, because fewer jobs were lost than in March. In June 2009, Gibson was talking again about "hopeful" signs in the job numbers as more Americans were out of work.

Also in 2009, CBS's own economic "grim reaper," Anthony Mason said the "economy's showed signs of improving." While NBC also found "positive trends" to discuss - specifically mentioning "2,100 new reasons" to be "hopeful" in Georgia.

The Business & Media Institute compared 2009 unemployment rates in the first seven months of Obama's presidency to a similar period of rising unemployment under Pres. Ronald Reagan in 1982.

BMI found network mentions of the presidential administration were 13 times more negative under Reagan than Obama. The Reagan White House was connected to negative jobs data almost twice as often as Obama and identical unemployment rates (9.4 percent) were "good news" under Obama, but "all" bad for Reagan.

http://newsbusters.org/blogs/julia-seymour/2010/01/08/first-year-obama-presides-over-4-1-million-jobs-lost-most-1940

[Binky]

I take it the Hope and Change spiel hasn't been working for you.... And it hasn't been working here either..... There's a lot of breath holding going on hoping there are no more job losses.... I think the change we're getting isn't the change the people hoped for......

And it's always easy to scream out the blame on other individuals rather than owning up and admitting that maybe what one is doing isn't exactly helping matters any......

[Abbey Marie]

Looks like we need some old-fashioned Reagan trickle-down, ey?

[KarlMarx]

Let me make this perfectly clear:

1. Liberals can f*** up a one car funeral going down a one way street with a police escort

2. If a liberal tells you that the sky is blue, the grass is green, and May is full of flowers, just becuase a liberal tells you so, don't believe it.

3. Liberals can't be trusted either because of malice or because of incompetence.

[red states rule]

Looks like we need some old-fashioned Reagan trickle-down, ey?

We had to endure Carter to get Reagan

I only hope we get another Reagan conservative after Obama's first and only term who can remind people that is takes a conservative to clean up the messes left behind of a liberal

[Abbey Marie]

We had to endure Carter to get Reagan

I only hope we get another Reagan conservative after Obama's first and only term who can remind people that is takes a conservative to clean up the messes left behind of a liberal

I saw some Obama ornaments (uggh) on eBay offered for 99 cents, and still no bidders. :coffee:

[Abbey Marie]

I heard that analysts predicted we would lose only 8,000 jobs. When someone is that inept, they should be the first to go.

Jokes aside, are these guys bought and paid for by Hussein's administration? It's hard to believe anyone could be that far off the number otherwise.

[red states rule]

I heard that analysts predicted we would lose only 8,000 jobs. When someone is that inept, they should be the first to go.

Jokes aside, are these guys bought and paid for by Hussein's administration? It's hard to believe anyone could be that far off the number otherwise.

If you go back and read the last 2 years worth of job reports their is a trend

Under Bush, when their were job gains, the experts were "surprised". When their were job looses, the "experts" were shocked over such a small number of losses

With Obama, they are constantly surprised by the continuing job losses, or the job loss number was "unexpected"

Given the massive defict spending, and lack of any incentives for the private sector to hire, how can anyone be surprised by the job losses continuing?