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Old 12-15-2011, 08:36 AM   #1
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:2cents Obama Re-Election Secured... Jobless claims at 3.5 year low

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(Reuters) - The number of Americans filing new claims for jobless benefits dropped to a 3-1/2-year low last week, suggesting a weak U.S. economy is gradually improving even though factory data proved more mixed.

Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. That was the lowest level since May 2008, and confounded economist' expectations for a rise to 390,000.

In a separate reports, two regional Fed business surveys showed stronger than expected growth in December.

The New York Federal Reserve Bank said its "Empire State" general business conditions index rose to 9.53 - the highest since May - from 0.61 in December. The index was boosted by a strong rebound in new orders and an improvement in hiring.

The Philadelphia Fed said its index of business conditions rose to 10.3 in December from 3.6 the previous month on a surge in new orders.
Full Story

Assuming the jobs numbers keep climbing, that should be enough for another 4 years.

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Old 12-15-2011, 08:54 AM   #2
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Old 12-15-2011, 08:56 AM   #3
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:2cents

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Old 12-15-2011, 09:03 AM   #4
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If unemployment goes down a lot farther he will be re-elected.

Today's unemployment rate ain't enough. Matter of fact it's just now getting back down CLOSE to what it was when he took over from Bush. And that was considered really bad (I think it was 7.6 when he took over)

This election is gonna be all about the economy. That's why the media guys who moderate the debates NEVER really ask about the economy from the Republican candidates. They instead ask them about religion and try to get them to fight.

Not any substantial questions are ever asked. But it does make for good television.

They know that if they can keep the attention away from employment numbers and economic discussions, then Obama has a chance.

Bottom line: If the economy turns around Obama wins. If it doesn't, he loses.
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Old 12-15-2011, 09:49 AM   #5
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I saw this earlier this morning on the news.

I've always said there is only one thing that will fix this economy - and that's time. This wasn't something that was going to be fixed in four years. Now it's starting to get better. And Obama will get credit for it, no matter what he did right or wrong.
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Old 12-15-2011, 09:55 AM   #6
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people are about to get laid off once the holiday season is over
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Old 12-15-2011, 10:03 AM   #7
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there is a difference between the Number of Un Employeed and the number of those claiming benefits.

One has little to do with the other.
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Old 12-15-2011, 10:07 AM   #8
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The number of NEW claims for unemployment dropped because 10% of the work force was already unemployed before. Celebrating that is like celebrating that your risk of kidney cancer was cut in half because one of your kidneys was removed.

We still have more people whose unemployment has run out or who have completely given up even looking for work than we normally have unemployed at all.

Unemployment is currently 61% higher than the 5.3% average under Bush. If you think 8.6% headline unemployment is good, you must think Bush's 5.3% was amazing.

Last edited by raymor; 12-15-2011 at 10:15 AM..
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Old 12-15-2011, 10:09 AM   #9
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Originally Posted by pornguy View Post
there is a difference between the Number of Un Employeed and the number of those claiming benefits.

One has little to do with the other.
I noticed this has been creeping into our discussions about unemployment. But this has always been the case, it's never been discussed, and we've always based our numbers on "number of people unemployed" - not how many people are not working. The reason why is you cannot determine why a person is not working - I have a friend who hasn't worked in over a decade, but it's not because he can't find a job. I have another friend who hasn't worked in three years - Not because he can't get a job, but because whenever he works he gets so much money taken out of his checks for child support back pay that it's not even worth trying.

Why have we started discussing the difference between "unemployed" and "people not working" in the past few years?
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Old 12-15-2011, 10:12 AM   #10
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Originally Posted by Rochard View Post
I saw this earlier this morning on the news.

I've always said there is only one thing that will fix this economy - and that's time. This wasn't something that was going to be fixed in four years. Now it's starting to get better. And Obama will get credit for it, no matter what he did right or wrong.
The US Needs more than time.

Obama is managing to create jobs despite Beoner and friends every attempt to block him. The "where are the jobs" idiots in the House haven't produced a single jobs bill in the entire year they have been there.
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Old 12-15-2011, 10:18 AM   #11
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The US Needs more than time.

Obama is managing to create jobs despite Beoner and friends every attempt to block him. The "where are the jobs" idiots in the House haven't produced a single jobs bill in the entire year they have been there.
Absolutely false. Whether you agree with the free market, give power to the private sector methodology, i.e way they intend to free up the market to produce jobs, or not, your statement is not correct. Mind you, it's not your fault, the media will not cover it this way...

http://www.freedomworks.org/blog/jbo...ource=facebook

President Obama and Senate Majority Leader Harry Reid (D-Nev.) have continuously blamed Republicans for blocking jobs bills. But this is simply not the case. The Republican-led House has passed more than 15 bills that will spur job growth while the Democratic-led Senate has failed to act. Government legislation cannot create jobs but it can help create an environment where private employers create jobs. We must put pressure on Harry Reid to bring the following House-passed real jobs bills that are currently stalled in the Senate up for a vote.

House Passed Jobs Bills

H.R. 872, the Reducing Regulatory Burdens Act

The bill would amend the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) to clarify that the Administrator of the Environmental Protection Agency (EPA) or a state may not require a permit under the Federal Water Pollution Control Act for the application of pesticides regulated under FIFRA. The Reducing Regulatory Burdens Act would ensure that pesticide users are not faced with unnecessary regulations that harm job growth.

H.R. 910, the Energy Tax Prevention Act

The bill would strip the Environmental Protection Agency (EPA) of its ability to use the Clean Air Act to regulate greenhouse gases. Without this legislation, the agency will continue with its plan to implement burdensome new rules and regulations on American businesses that will have a significant negative impact on America’s economy while having virtually no positive impact on global temperatures.

H. J. Res. 37, Disapproval of FCC’s Net Neutrality Act

H.J. Res 37 would prohibit the Federal Communications Commission (FCC) from imposing net neutrality regulations on Internet providers. Net neutrality is likely to cripple competition, restrict innovation, reduce employment and raise costs for all consumers—all of which would only exacerbate the current economic downturn. These job-killing regulations would involve significant new controls on the Internet that would have significant implications for investing in innovation and broadband deployment.

H.R. 2018, the Clean Water Cooperative Federalism Act

The bill would amend the Federal Water Pollution Control Act to preserve the authority of each State to make determinations relating to the State's water quality standards. This would reduce the federal government’s power over individual state’s water quality standards to help increase job growth.

H.R. 1315, Consumer Financial Protection & Soundness Improvement Act

This bill is will amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection. The increased accountability will help to prevent harmful job-killing regulations.

H.R. 2587, Protecting Jobs from Government Interference Act

The bill would prohibit the National Labor Relations Board (NLRB) from ordering any employer to close, relocate or transfer employment under any circumstance. Federal bureaucrats should not be reversing the business decisions of private employers. Washington already has too many harmful regulations that hurt job growth. The Protecting Jobs from Government Interference Act would help ensure that the government agency does not over step their bounds by dictating decisions made by private sector companies.

H.R. 2401, Transparency in Regulatory Analysis of Impacts on the Nation (TRAIN ACT)

The TRAIN Act would establish an 11-member committee, chaired by the Department of Commerce, to analyze the impacts of a number of major Environment Protection Agency (EPA) regulations. The agency often understates the negative impact its rules will have on jobs and energy prices. This is why we need a committee whose sole purpose is to analyze the cumulative impacts of EPA regulations. The TRAIN Act would push back against the EPA's unconstitutional, outrageous rules and regulations that raise energy prices for consumers, destroy jobs and increase our dependence on foreign sources of energy.

H.R. 2681, Cement Sector Regulatory Relief Act

The bill would prohibit the Environmental Protection Agency (EPA) regulations from coming into effect which would place burdensome regulations on the cement industry. The cement industry estimates that the rule could destroy as many as 4,000 jobs. The Cement Sector Regulatory Relief Act would stop the unnecessary cement MACT rule which will cost thousands of jobs and hamper economic growth.

H.R. 2250, EPA Regulatory Relief Act

The bill would help to curtail the Environmental Protection Agency (EPA) Boiler MACT regulations on boilers and industrial incinerators. The Council of Industrial Boiler Owners estimates that the regulations will cost 244,000 jobs. The EPA Regulatory Relief Act would help to roll back unreasonable regulations and save thousands of American jobs.

H.R. 2273, Coal Residuals Reuse and Management Act

The bill would prohibit the EPA from regulating coal ash as a toxic waste in any state which prefers to develop its own plans in that regard. This bill would further slow the EPA’s Regulatory Trainwreck and could save thousands of jobs in coal-rich states such as West Virginia and Ohio.

H.R. 1230, Restarting American Offshore Leasing Now Act

The Restarting American Offshore Leasing Now Act (H.R. 1230) would establish statutory deadlines for sales of certain oil and gas leases in the Outer Continental Shelf (OCS). CBO estimates that enacting this legislation would reduce net direct spending by $25 million over the 2011-2016 period and about $40 million over the 2011-2021 period. Restarting offshore leasing will help restore thousands of jobs.

H.R. 1229, Putting the Gulf of Mexico Back to Work Act

The bill would amend the Outer Continental Shelf Lands Act to facilitate the production of American energy resources from the Gulf of Mexico. The Obama administration has delayed or canceled offshore lease sales in the Gulf of Mexico. The bill would jump start offshore oil drilling by implementing a 30-day deadline in which the secretary of the U.S. Interior Department would have to make a decision on the Gulf of Mexico drilling permit applications. The bill would likely help to create tens of thousands of jobs and strengthen the economy.

H.R. 1231, Reversing President Obama’s Offshore Moratorium Act

The bill would reverse President Obama's Offshore Moratorium Act and amend the Outer Continental Shelf Lands Act to require that each 5-year offshore oil and gas leasing program offer leasing in the areas with the most prospective oil and gas resources and would establish a domestic oil and natural gas production goal. Reversing the offshore moratoriums will help restore thousands of jobs.

H.R. 2021, the Jobs and Energy Permitting Act of 2011

The bill would eliminate needless permitting delays that have stalled important energy production opportunities off the coast of Alaska. Rather than having exploration air permits repeatedly approved and rescinded by the agency and its review board, the EPA will be required to take final action – granting or denying a permit – within six months. The Jobs and Energy Permitting Act of 2011 would speed up the permit process to help create jobs.

H.R. 1938, North American-Made Energy Security Act

The bill would require the President to issue a final order granting or denying the Presidential Permit for Keystone XL 30 days after the issuance of the final environmental impact statement, but in no event later than November 1, 2011. A Canadian pipeline company, TransCanada, has long sought to increase the capacity of its Keystone pipeline system in order to bring more Canadian crude oil to American refineries. The North American-Made Energy Security Act would boost jobs and lower the price of gasoline for all Americans.



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Last edited by sperbonzo; 12-15-2011 at 10:20 AM..
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Old 12-15-2011, 10:26 AM   #12
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if you actually think things are getting better, you should read this
http://www.theglobeandmail.com/globe...rticle2259766/

315,000 people leaving the work force is what caused the unemployment rate to get better
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that
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Old 12-15-2011, 11:26 AM   #13
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Against any of the republican slate I doubt he is too worried. People will not elect Newt, and they secretly don't want a Mormon (hence the "puzzling" lack of support). Newt's wife is a going to lose him votes, plus he's a fat arrogant blowhard who leaves his wives for girlfriends. And I'm an indep, not a Dem. Romney is a plastic, mutable empty suit with a say anything to get elected motto and a non-standard religion. Ron Paul looks and sounds like a nice old guy but you get the impression he'll turn into Dr. Strangelove the minute he gets any power, and after all he is from Texas.

Obama has done some good things, but most of all he wants to expand the monster that is the federal government. I get it, the fed gov hires minorities and then can never fire them (and can't even refrain from promoting them regardless of what they do) but everything it touches turn to crap and most "plans" it puts in place go horribly awry. Do you really need to sacrifice the county's fiscal stability to get some people hired?

At present, Obama wins.
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Old 12-15-2011, 11:43 AM   #14
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George W Bush did so much good for this country ...
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Old 12-15-2011, 11:49 AM   #15
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Everybody I know that needed a job today now has one. They may be making less than they used to, but they are getting by. Nobody seems to not be shopping for christmas this year.

That wasn't the case for the people I know two years ago. Lots of devastation.

The only people I know not working that would like to be are older folks, but social security and pensions finally kicked in. They'd like side work but probably won't get any.
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Old 12-15-2011, 12:15 PM   #16
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The unemployed voter will not be fooled by these phony claims.
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