Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
WALL STREET INSIDER On Latest Obama Jobs Report: ” Absolute Rubbish”
#41
Yeah, OK, John. You found the culprit. Good Job.

We've Gotten To The Bottom Of The Mysterious Jobless Claims Report!

Quote:After this morning's surprisingly positive jobless claims number was released, three things happened:

Lots of people felt better about the economy
Democrats cheered because they thought the number would help Obama
Republicans seized on confusing reports that the numbers had "excluded claims from one large state" (probably California) and blasted the number as wrong and misleading.

Since then, the argument has raged on, and there have been a variety of different reports and interpretations.

Well, we're glad to say that we've finally gotten to the bottom of what happened.

We spoke to an analyst at the Labor Department. According to this analyst, here's what happened:

ALL STATES WERE INCLUDED in this week's jobless claims. Assertions that "a large state" was excluded from the report are patently false.

HOWEVER...

It is likely that some of the jobless claims in one large state--California--were not included in the claims reported to the Department of Labor this week. This happens occasionally, our source says. When a state's jobless claims bureau is short-staffed, sometimes the state does not process all of the claims that came in during the week in time to get them to the DOL. The source believes that this is what happened this week.

California claims that were not processed in time to get into this week's jobless report will appear in future reports, most likely next week's or the following week's. In other words, those reports might be modestly higher than expected.

The source believes that the number of California claims that were not processed might have totalled about 15,000-25,000. Thus, if one were to "normalize" the overall not-seasonally-adjusted jobless claims number, it would increase by about 15,000-25,000.

This week's "normalized" jobless claims number, therefore, might be about 355,000-365,000, not the 339,000 that was reported. This compares to the 370,000 consensus expectation.

In other words, had all of California's jobless claims been processed in time to make the jobless-claims release, this jobless number would still have been better than economists were expecting--but not as much better as it appeared.

Again, the as-yet-unprocessed claims will appear in future reports. So next week's number may well be higher than expected.

So, who's right about today's jobless claims number?

It seems everyone's right!

* Jobless claims were better than expected, even after adjusting for a possible unusual anomaly

* There may have been an unusual anomaly that made this week's jobless claims look better than they would otherwise have been.
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#42
(10-11-2012, 07:17 PM)Grizzly Wrote: You're too excited. Give it time. Besides, don't the pachyderms have the House? Give them a call. Oh, that's right. They're too busy with the election. S23

My, what a lovely waltz ... you must be an absolute terror on the ballroom floor. S22
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#43
The new McJobs for the new McFuture ...
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#44
Since Mr. Welch is being discussed in this thread, has anyone seen the latest? Jack Welch quits Fortune

Quote:Jack Welch, the former CEO of General Electric who recently suggested the Obama administration had manipulated last week's jobs numbers, has resigned from his role as a contributor to Fortune magazine.

"Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better 'traction' elsewhere," Fortune's senior editor Stephen Gandel reports today.

Welch became synonymous with a jobs-numbers-truther movement Friday when he tweeted, "Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.” Fortune managing editor Andy Serwer publicly criticized those remarks yesterday on MSNBC, and today ran a story citing Welch's record as a "job destroyer" during the 20 years he ran General Electric.

Gandel says Fortune "tried to contact Welch to find out if the resignation was related to our reporting of his tweet, but Welch didn't return our phone call."
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#45
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#46
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

Your very post here Grizz, highlights the warped thinking of those who are more jealous of those who are more successful than others. Instead of saying, "Gee, I wish I could be that successful, and want to be able to achieve success too", you want everyone to say "How dare they make more than others. They should be punished for their hard work and success."

That says a lot about you Grizz. I believe that is correctly referred to as "Projection". You are Projecting your 'GetEvenWithEmIsm' mentality.

I believe the late Democrat Daniel Patrick Moynihan used the phrase "Defining Deviancy Down" to highlight that type of thinking. Congratulations. S22 S13
___________________________________________________________________________________________________
Have a Gneiss Day!
Reply
#47
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

The rich are also known as risk takers/employers.
The true purpose of democracy is not to select the best leaders — a clearly debatable obligation — but to facilitate the prompt and peaceful removal of obviously bad ones. 
Reply
#48
(10-12-2012, 04:29 PM)WarBicycle Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

The rich are also known as risk takers/employers.

Yeah, but they are still Evil SOBs, don't you know. Take all this away from those evil SOBS, and let the State run things, and everything will suddenly be democratic and we will all be equal.

Of course, unsaid is that some will naturally be more Equal than others. I wonder if Grizz includes himself in that group?
___________________________________________________________________________________________________
Have a Gneiss Day!
Reply
#49
(10-12-2012, 04:29 PM)WarBicycle Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

The rich are also known as risk takers/employers.
Under the present circumstances just how much risk do you think they're taking right now? Seriously!
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#50
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

I expect that in your view, the world would be a much better, 'fairer' place if everybody had exactly the same low paying burger flipping job ... or maybe just the exact same "living wage"? My family recently went to see the stage version of the children's novel The Giver ... the reduction of humanity to a 'common' denominator ... 'common' existence (in the play it was referred to as "the sameness") is a recurring theme in dystopian tales. Out of curiosity, can you see 'color' Grizz? ... or is everything the exact same 'level' shade of gray?
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#51
(10-12-2012, 04:49 PM)Grizzly Wrote:
(10-12-2012, 04:29 PM)WarBicycle Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

The rich are also known as risk takers/employers.
Under the present circumstances just how much risk do you think they're taking right now? Seriously!

Grizz, bless your heart, but you really are totally ignorant of economics, and how the world works, aren't you? That alone is not all so bad. But the fact that you, and millions of other ignorant people, tend to vote. And that makes you dangerous to not only others, but to yourselves as well.

And that's a true shame.
___________________________________________________________________________________________________
Have a Gneiss Day!
Reply
#52
(10-12-2012, 04:55 PM)mr_yak Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

I expect that in your view, the world would be a much better, 'fairer' place if everybody had exactly the same low paying burger flipping job ... or maybe just the exact same "living wage"? My family recently went to see the stage version of the children's novel The Giver ... the reduction of humanity to a 'common' denominator ... 'common' existence (in the play it was referred to as "the sameness") is a recurring theme in dystopian tales. Out of curiosity, can you see 'color' Grizz? ... or is everything the exact same 'level' shade of gray?

I think Grizz is thinking more along the line of a Union Nirvana, where everyone gets paid a great wage, for putting in "X" amount of time and work, and everyone is elevated together, as if by magic.

You are a union person aren't you Grizz? And somehow I also have the opinion that you are part of some union leadership. Am I correct here?
___________________________________________________________________________________________________
Have a Gneiss Day!
Reply
#53
In France, they tried to make X=30 .... didn't work out so well.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#54
(10-12-2012, 04:49 PM)Grizzly Wrote: Under the present circumstances just how much risk do you think they're taking right now? Seriously!

To your point, everyone's sphincter is pretty tight right now because nobody really has any idea of what's coming next. Why would anyone possibly stick their neck out when all the current President can offer is a noose for their trouble? If you have the cash, it's a matter of cutting back on some expenses ... if you don't it can mean the difference between getting by cleaning gutters or making a decent living building tractors. Do you recall when Obama went to Cat to blow smoke up workers asses about how amazingly well the 'stimulus' was going to work?

If you hadn't noticed Grizz, the "present circumstances" .... right now still suck! Seriously!
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#55
(10-12-2012, 04:25 PM)John L Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

Your very post here Grizz, highlights the warped thinking of those who are more jealous of those who are more successful than others. Instead of saying, "Gee, I wish I could be that successful, and want to be able to achieve success too", you want everyone to say "How dare they make more than others. They should be punished for their hard work and success."

That says a lot about you Grizz. I believe that is correctly referred to as "Projection". You are Projecting your 'GetEvenWithEmIsm' mentality.

I believe the late Democrat Daniel Patrick Moynihan used the phrase "Defining Deviancy Down" to highlight that type of thinking. Congratulations. S22 S13
Sorry, John, but I disagree with you. Seriously. After those folks (the rich) pay a proper tax rate, a tax rate that wouldn't be ridiculously lower than Warren Buffet's secretary than and only than would this thing be fair.

We're not talking about a rich person buying a Rolls Royce while a moderate income person buys a Chevy. That rich person earned the right to do with their money what he/she wishes to do with it.

I just don't like the idea that I have to pay a higher income tax rate than someone who can easily pay an income tax rate that's at least equivalent to mine.

If you don't like the word fair than...oh well.
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#56
(10-12-2012, 05:31 PM)Grizzly Wrote:
(10-12-2012, 04:25 PM)John L Wrote:
(10-12-2012, 04:12 PM)Grizzly Wrote:
(10-12-2012, 12:33 PM)mr_yak Wrote: The new McJobs for the new McFuture ...
Yep! That sure gets me excited about keeping those tax cuts for the rich going, alright. S17

Your very post here Grizz, highlights the warped thinking of those who are more jealous of those who are more successful than others. Instead of saying, "Gee, I wish I could be that successful, and want to be able to achieve success too", you want everyone to say "How dare they make more than others. They should be punished for their hard work and success."

That says a lot about you Grizz. I believe that is correctly referred to as "Projection". You are Projecting your 'GetEvenWithEmIsm' mentality.

I believe the late Democrat Daniel Patrick Moynihan used the phrase "Defining Deviancy Down" to highlight that type of thinking. Congratulations. S22 S13
Sorry, John, but I disagree with you. Seriously. After those folks (the rich) pay a proper tax rate, a tax rate that wouldn't be ridiculously lower than Warren Buffet's secretary than and only than would this thing be fair.

We're not talking about a rich person buying a Rolls Royce while a moderate income person buys a Chevy. That rich person earned the right to do with their money what he/she wishes to do with it.

I just don't like the idea that I have to pay a higher income tax rate than someone who can easily pay an income tax rate that's at least equivalent to mine.

If you don't like the word fair than...oh well.

But you don't pay a higher rate, and that is why I correctly have labeled you as economically ignorant. When Buffet started out, like his secretary, he too paid more out in necessities, with less money to invest. He still payed a lesser percentage of his earnings, percentage wise.

However, because he was business oriented, and took chances with his(or monies he borrowed from others), he became successful beyond the average person. And as his income increased, he too payed more taxes. I think they call that a Progressive Income Tax. You have heard of that, haven't you?

HOWEVER, the more he made, the more he invested into business, which was a tax incentive. People are encouraged to invest in the economy, and gain incentives for doing such, because it is good for the country. And that is why he pays less taxes 'per se', because he reinvests that income, turning it back into investment.

And in truth, what Buffet is doing is being a self-admitted success, and telling everyone how sorry he is for this. And you know why he does this? Well, since you didn't ask, I'll tell you. He does this because he wants all the 'GetEvenWithEmIsm'ers, such as yourself, to leave him alone, and go after someone else. So he plays along with you guys, hoping that the alligators will eat him last, behind all the other successful businessmen. And since there are so many successful businessmen, the alligators will be full, and leave him alone.

And THAT is why he does this. He also likes having a 'leg up' and being the toast of the Jackass town too. You Jackasses use him as a fine example, and you are playing right into his hopes: hopes of being the last one eaten.

But I'm sure you are not able to see this,...........right? S5

One of these days, if you are lucky to live long enough, and accrue enough common sense(i.e., Wisdon) you are going to see just how much you have been Duped by the Left. I wonder how you will feel, knowing you have been played like a finely tuned violin, playing crap disguised as music?
___________________________________________________________________________________________________
Have a Gneiss Day!
Reply
#57
mr_yak Wrote:To your point, everyone's sphincter is pretty tight right now because nobody really has any idea of what's coming next.
That's not the rich peoples fault; however it is also not society's fault. The reasoning behind tax cuts for the rich is so that they can create jobs, thus help maintain a strong American economy. If the rich can't do that, tuff titty, than they shouldn't receive those cuts--especially with a lot of people out of work.

mr_yak Wrote:Why would anyone possibly stick their neck out when all the current President can offer is a noose for their trouble?
If you call extending Bush's tax cuts a noose to hang rich people with, I'm surprised they wouldn't ask for a scaffold in addition. S13

mr_yak Wrote:Do you recall when Obama went to Cat to blow smoke up workers asses about how amazingly well the 'stimulus' was going to work?
Well your buddy Paul Ryan listened to and believed in Obama's plan; he was actually against it before he was for it.
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Reply
#58
You didn't address the 'color' question Grizz ... I'm still curious.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
Reply
#59
Buffet plays to the media, trotting out his secretary who pays more tax than he does - while suing the Federal Government to NOT pay all the taxes levied against him.
Reply
#60
BTW, the Energy Center of Wisconsin is a business that would be derelict to not submit all grant requests available. I guess it could have ignored the grant money available and let other competing companies get that leg-up. Business subscribes to rules. The BOD should be fired if they didn't try to maximize profit. After all, that's what makes companies successful and allows them to grow jobs.

Realize, the bill that authorized the funding is suspect - but once it is out there - businesses must pursue it.

Ryan was a Representative supporting local companies. Part of that job is to write letters in the pursuit of grants. There is nothing wrong with decrying bad programs while supporting local companies who may get some advantage from them, regardless.

Karl Benz built the first successful motor car. There were powdered coal, electric, and steam engine cars all over the place - but his was the first that made sense and made a profit. I'm sure many competitors took money from whatever investors they could find, and some lost their shirts in the process. There were plenty of moralists who pointed out no one should have gulled witless investors into giving away their money, but that losing money is part of the risk and therefore moral for all who chose to participate.

I'm sure that every applicant for Stimulus funds did so with the best of intentions. Even though the money was coming from our grandchildren, they could rationalize that if they succeeded the grant money would be repaid many times over. Whether the Wisconsin company succeeded, I don't really know. Win or lose, supporting his constituents was part of Ryan's duty. Once the funding was allocated, it is best that successful companies won grants - rather than insider favorites, like Solyndra, that was 37% owned by a personal friend of Valerie Jarrett. The immoral slant to this was the corruption and mismanagement that threw away the people's money as payback to unworthy companies..
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Obama's jobs Plan/speech:How it compares with facts John L 60 21,455 09-24-2011, 05:06 PM
Last Post: jt
  Obama Boosts Productivity, Creates Jobs, Helps Retailers Fredledingue 12 2,831 01-12-2010, 12:08 AM
Last Post: WmLambert
  AIG Nationalized - Wall Street crisis continues... mcabromb 76 13,618 03-03-2009, 07:58 PM
Last Post: Fredledingue
  Wall Street fears for next Great Depression scpg02 15 2,802 05-14-2008, 06:40 PM
Last Post: jt
  Jobs created vs jobs lost KenRI 16 7,826 01-14-2007, 11:18 AM
Last Post: John L

Forum Jump:


Users browsing this thread: 1 Guest(s)