Obama’s Economy: Number Of People On Unemployment Sets Record In March

• April 9, 2009

Of course, the media spins this by reporting a slight decline in the number of new claims for unemployment. It seems as though, since Obama became President, all economic news is reported with the most positive aspect of the news highlighted. As opposed to when Bush was President, when all economic news was reported with the most negative aspects highlighted.

WASHINGTON (Reuters) – The number of U.S. workers filing new claims for jobless aid fell last week, but the number of people on unemployment rolls surged to a record in March, data showed on Thursday, suggesting the labor market’s decline has not yet hit bottom.
In another snapshot of the U.S. economy, the country’s trade deficit shrank 28.3 percent in February to its smallest since November 1999 as imports tumbled and exports managed to grow slightly.
Initial claims for state unemployment insurance benefits fell 20,000 to a seasonally adjusted 654,000 last week, from an upwardly revised 674,000 the week before, the Labor Department said.
“Things are still really bad. I’m still very pessimistic about the prospects of any enduring recovery. The pessimism creeps in because of the continued claims figure,” said T.J. Marta, chief market strategist at Marta on the Markets in Scotch Plains, New Jersey.

Liberals will object to this being blamed on Obama, but ask yourselves: What has Obama done to make businesses want to hire new employees? Nothing. He’s promised to raise taxes on businesses and business owners. He’s promised to raise taxes on investment into businesses. He’s promised to pass massive new regulations on businesses that are going to inflate the overhead businesses must carry.
All of that means less money and capital available for the private sector to create jobs. So who can blame America’s businesses with for looking at the future Obama is promising and tightening their belts instead of investing and hiring new people?

Tags: Asshats, Domestic Issues, Politics

http://ndgoon.blogspot.com/ goon

You’re simply a total idiot. Complete brainstem conservative.

Good thing you’re in a small, shrinking minority.

Hey Fuckstick! Just when I don’t think you could be any stupider you make another dumb statement. NOBAMA numbers are sinking more and more every day. That is not a shirnking minority.
robert108

H: As you should know, since you claim to do IT work for “a utility”, that there is plenty of bad data out there. You are a constant source of it on this blog, as a matter of fact.
BTW, I never ask for “data”, I ask for facts, logic and cause/effect reasoning. Just like you to lie about it.
http://www.dvds-online-rental-review.com/ jane4455

Obama’s war on achievement, targeting companies for takeover, massive increase in debt have all impacted the economy in ways that the normal economic cycle doesn’t. This disaster is all his. He has turned a slight recession into a real meltdown, all on his own.
sayanything-2819

Unemployment skyrocketed beginning in November. I don’t think that is a coincidence. I noticed that the media has begun saying that X number of jobs have been lost since Dec. of 2007 in order to deflect from the fact that unemployment barely rose through 2007 until Obama was elected.

Unfortunately, we will see much worse before people begin to question the ONE. I do not say this with any sense of satisfaction. I would rather be wrong, but doubt that to be the case.
robert108

H again displays his narcissism and ignorance.
Hannitized

Bush Policies that hurt the economy.

This dire picture is rendered even grimmer by the policies of the Bush administration, which has pushed for deep cuts in vital domestic programs amidst this crisis. This will place even more pressure on the states, whose budgets already are badly strained. The downsizing of federal support, combined with the financial crisis, will make it difficult for many states to continue providing basic services to their residents in the coming months and years.

The administration’s crusade to cut spending on a wide array of domestic programs is revealed in studies by the usually reliable Center for Budget and Policy Priorities in Washington, an independent think tank that tracks and critiques federal spending with special attention to domestic programs. Under the administration’s 2008 budget, the Center reported last year, “domestic discretionary programs–the programs that are funded each year through the annual appropriations process, other than defense and international programs–are slated for sizable reductions over the next five years.”

http://www.msnbc.msn.com/id/8631798/

Take your time and methodically go through each one Robert. Have yourself a ball.

Then tell me which ones you agree with.

Every time you lie, I smack you with the truth.
Hannitized

More importantly, cutting government spending once it becomes apparent that an economic downturn is going to diminish tax revenues is a prudent and fiscally responsible step.

I think it is painfully obvious that this is not what Bush was doing. Event at his best, he could not muster up a reactive response. let alone a proactive one.

He was simply toeing the party line, and in the process damaging the economy.

It’s like suggesting that it would be prudent for me to stop spending. But i spend my ass off to keep the economy afloat.

Why just yesterday I bought a new Kenwood stereo system for my truck. Now I can plug my ipod into my stereo and watch my movies, video music in addition to simply playing the tunes.

I could probably use a good sub and an EQ. My truck doesn’t really have a great place to put a sub. Anyone have any recommendations?
Hannitized

Hey Fuckstick! Just when I don’t think you could be any stupider you make another dumb statement. NOBAMA numbers are sinking more and more every day. That is not a shirnking minority.

It’s a shrinking MAJORITY?????
andophiroxia

Directly personally attack the owner of the blog when every time you’ve been threatened with a ban you backpedaled and gave insincere non-apologies and when actually banned whined and begged to be allowed back… What a moron you are Dino.

I find it interesting that they scream and cry about how stupid and dishonest we are, yet still find themselves back in our company.

It’s that amusing that we hold that much sway over them.
robert108

Been four months and not a single positive development from this administration yet.

Lots of negative “developments”, though.
Hannitized

Angry Rob expect Obama to have fixed the disaster Bush handed him in under 4 months.

If Rob wasn’t such a genius, I might have assumed I need to give Obama’s policies and efforts time to gestate.

But, since Rob is so non-partisan and completely reasonable. I guess it’s all Obama’s fault.

/sarcasm

Do you really expect this to generate an honest debate about issues?

You douche.
andophiroxia

Good thing you’re in a small, shrinking minority.

Yes, that is why you had to create Dino, dino, and dino2 to enforce the “majority”. I sure really see that.
Hannitized

As usual, Robert asks for data, receives data and IGNORES DATA.

Once again, I smack him with the truth, and he doesn’t have any response.
http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

You’re simply a total idiot. Complete brainstem conservative.

Good thing you’re in a small, shrinking minority.
Bat One

H,

That quote from MSNBC (about as authoritative as HuffPo!) is disingenuous nonsense. In the first place, while you were asked to provide Bush policies that caused the downturn, you have replied with policies in response to it… the difference between which any moderately alert 10th grader could distinguish. Calling your insurance company after an accident isn’t the same thing as running a red light.

More importantly, cutting government spending once it becomes apparent that an economic downturn is going to diminish tax revenues is a prudent and fiscally responsible step. Kinda like removing your valuables from the car before the tow truck hauls it off to the body shop.
robert108

H: What “data”? You did your usual fantasy account of how you spend your time, which is of interest to you only, and does nothing to advance anything you advocate. It’s just narcissism, for which I smacked you with the truth.
You continue to be a legend in your own mind.
robert108

Again, ignorant little dinostem fails to make an argument of any type, instead being reduced to juvenile namecalling. You’re such a child, little dinostem. A loudmouth punk.
robert108

In fact, his economic policies have created a hostile atmosphere for the entire private sector, which does most of the employing in this country. His policies are hostile to capital formation, which directly funds employment and future employment. This economy is a direct result of Obama’s economic policies, no doubt. When you excuse your totalitarianism by saying “I won.”, you own everything after that.
Hannitized

Yet here you are blithely suggesting that cutting spending was business as usual for Bush.

I never made such a claim. Really, you need to have a coffee..or a RedBull or something, anything, to help you be more alert.

When you defended his decisions to cut spending on Schools and innovation for alternative fuel research, I said he was toeing the party line. You are familiar with that expression, are you not?

So, please, spare me with these continuous straw men arguments. Please start debating what I actually say; and not so much what you think, I think.

But I feel constrained to point out that watching movies while driving is not only dangerous, to you and to others, but it is certainly not a good way to impress the adults here with your intelligence either.

In your endless desire to tear me down Bat, you continuously make the mistake of thinking what it is I think, instead of reading what I actually wrote.

Where did I say I would watch movies while driving?

Here is how it works. I drive to the beach to get some waves, call my friends and give the report of spots I am checking out, while they in turn are oberving conditions at other locations. While I await their report and for them to arrive, I can watch surf videos to amp up before a session. Hell, maybe I am parked on the beach somewhere at night with a lady friend watching a movie? Or how about when I am meeting someone, somewhere in a parking lot while they are shopping?

The possibilities are endless. Yet you have to pick the single most dangerous one for the sake of picking on someone.

Do you feel mature while doing so?
Hannitized

Robert,

Scroll up you imbecile:

Bush Policies that hurt the economy.

This dire picture is rendered even grimmer by the policies of the Bush administration, which has pushed for deep cuts in vital domestic programs amidst this crisis. This will place even more pressure on the states, whose budgets already are badly strained. The downsizing of federal support, combined with the financial crisis, will make it difficult for many states to continue providing basic services to their residents in the coming months and years.

The administration’s crusade to cut spending on a wide array of domestic programs is revealed in studies by the usually reliable Center for Budget and Policy Priorities in Washington, an independent think tank that tracks and critiques federal spending with special attention to domestic programs. Under the administration’s 2008 budget, the Center reported last year, “domestic discretionary programs–the programs that are funded each year through the annual appropriations process, other than defense and international programs–are slated for sizable reductions over the next five years.”

http://www.msnbc.msn.com/id/8631798/

Take your time and methodically go through each one Robert. Have yourself a ball.

Then tell me which ones you agree with.

Every time you lie, I smack you with the truth.
Hannitized

Please tell us all the Bush policies responsible, giving cause and effect reasoning.

I didn’t say anything about Bush polices…I said Bush handed him a disaster.

The only policy i can think of is the policy of do nothing.

If you bought a new car, and never changed the oil, never did a tune up, never did a radiator flush, never added brake fluid, never put air in the tires…..would you buy that car from someone?

Or, did that person hand you a disaster of a car if and when he handed it over to you?

Now, that being said. I will avoid the actual polices Bush employed that helped contribute to the current economic disaster we are currently facing because you wouldn’t accept them anyway.
carrick

Good thing you’re in a small, shrinking minority.

LOL.

Socialists are the shrinking minority. Almost nobody likes socialism in this country, and if Obama hadn’t lied about not being a socialist, he would never had gotten elected president.
http://ndgoon.blogspot.com/ goon

H again displays his narcissism and ignorance.

None of us should be shocked.
Bat One

He was simply toeing the party line, and in the process damaging the economy.

More drivel. The single biggest complaint about Mr. Bush from those of us on/in The Right was his unwillingness to limit federal spending increases instead of going along with Democrat spending wish lists. Which is something you would know had you been paying attention to something… anything… other than the first person singular. Yet here you are blithely suggesting that cutting spending was business as usual for Bush.

Unlike some on the Left, I harbor n ill will toward my more feral and witless opponents. I have no wish for their injury or destruction, as do some on your side of the aisle. But I feel constrained to point out that watching movies while driving is not only dangerous, to you and to others, but it is certainly not a good way to impress the adults here with your intelligence either.
robert108

I will avoid the actual polices Bush employed that helped contribute to the current economic disaster we are currently facing because you wouldn’t accept them anyway.

Bullshit! You have nothing, and we both know it. Nothing President Bush did, or didn’t do, caused this economic situation we have today. If you had any valid arguments, I’m sure you would make them, but you don’t. Don’t try to blame me for your ignorance.
Mickey

Plus, how many Obama supporters DON’T WANT TO WORK?
Hannitized

H: As you should know, since you claim to do IT work for “a utility”, that there is plenty of bad data out there.

What does “bad data” have to do with IT and consulting for a utility?

BTW, I never ask for “data”, I ask for facts, logic and cause/effect reasoning. Just like you to lie about it.

Do you know what data is?

You dumb ass!

Data refers to information or facts usually collected as the result of experience, observation or experiment,

HAHAHAHAAHAHAHAHAHAAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

You didn’t ask for “data”, you only asked for “facts” and “information”.

HAHAHAHAHAHAHAHAHAAHAHAHAHAHAH!

http://en.wikipedia.org/wiki/Data
robert108

…the disaster Bush handed him…

Please tell us all the Bush policies responsible, giving cause and effect reasoning.
Actually, the growth in the third quarter of 2008 was only -0.1%, which is not a “disaster”. After the Obama election, with his threats against our productive economy and his massive deficits looming, the economy really did go bad, so Obama is responsible for this “disaster”, as you call it.
No Bush policies are responsible for Obama’s record destruction of American wealth and his record increase in the debt. Those are a direct result of his Marxist economic schemes.
docdave

Good thing you’re in a small, shrinking minority.

And here I thought that liberals were champions for the minorities. You’re just showing the other side of your two-faced ideology.
http://suitepotato.blogspot.com/ sayanything-4808

Directly personally attack the owner of the blog when every time you’ve been threatened with a ban you backpedaled and gave insincere non-apologies and when actually banned whined and begged to be allowed back… What a moron you are Dino.

You libtards (go for your noise hairs Hanna, atta girl) should keep in mind it was you on the left that savaged Republicans and conservatives in general and Bush specifically for eight solid years creating the implication in the public mind that you would provide the opposite. You painted Bush as the antichrist and therefore, Teleprompto is the messiah in your little social construct. Where’s the magic instant fixes you promised? Where’s the chicken in every pot, the job for every person, the electric car and new home?

You made out Obama to be like Oprah and that the country would look under their chairs and find the solutions to all their problems. Not happening like you said it would. This is your problem. You claim to have total power, solve it. Prove you have the slightest clue.

Been four months and not a single positive development from this administration yet.
http://suitepotato.blogspot.com/ sayanything-4808

Strange that the economy was more than fine under Bush for most of his TWO terms and your tune has not changed at all libtards. You were claiming that the economy was the worst we had ever seen at a time when record numbers of people were buying expensive homes on variable rate mortgages that your side explicitly fought tooth and nail to get in place for years and ferociously fought any attempt to stop. You didn’t stop screaming that everything was in fact opposite what all the numbers on the ground showed.

Did you think that wouldn’t have an effect eventually? More over did you not think that giving the message to the financiers in the mortgage industry that they should ship paper out the door as much as possible and not worry that the government had their back and was covering everything was a bad idea? That it would encourage lots of people to get mortgages for homes way outside their financial ability to cover all the while thinking the government had their backs when it did not?

And you wonder why the economy gets worse whenever you’re trusted with any part of it. You simply have no mind to obvious outcomes of your actions.

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