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POPSGet the shovel...........it's a deep hole!
Wall Street economists expect the January report will show a tiny increase of 5,000 jobs. That would be only the second monthly gain since the recession began. But it probably wouldn’t be enough to hold down the unemployment rate, which is forecast to rise to 10.1 percent. That would match October’s 26-year high. And it would be the fourth-straight month of double-digit joblessness. The Labor Department’s revisions on employment levels are done every year. They are based on unemployment insurance tax data that companies submit to states. Jobs remain scarce even as the economy is recovering: Gross domestic product, the broadest measure of the nation’s output, has risen for two straight quarters. GDP rose by 5.7 percent in the October-December quarter, the fastest pace in six years. But hiring is still lagging. Many economists say businesses are reluctant to add workers because it’s not clear whether the recovery will continue once government stimulus measures, such as tax credi
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POPSThe Tea Party Movement Is Growing In a Better Direction! Maybe there's room in the tea party movement for us progressives who have been saying for a long time now that the little guy, middle america, and main street are the losers in this current political and economic status-quo environment. The rich are getting richer, the poor are getting poorer, and the middle class in getting screwed! To paraphrase a Molly Ivins quote: Politics is not about being left or right, it's about being top or bottom...it's about who's getting screwed, and who's doing the screwing!
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POPSEPA Formally Declares CO2 a Dangerous Pollutant major findings and conclusions from recent assessments of the U.S. Climate Change Science Program and the Intergovernmental Panel on Climate Change .” The Heritage Foundation’s Center for Data Analysis study of the economic effects of carbon dioxide regulations found cumulative gross domestic product (GDP) losses of $7 trillion by 2029 single-year GDP losses exceeding $600 billion in some years, energy cost increases of 30 percent or more, and annual job losses exceeding 800,000 for several years. Hit particularly hard is manufacturing, which will see job losses in some industries that exceed 50 percent. And George Will writes that any emissions reduction target, whether they come from the EPA, cap and trade, or a Copenhagen treaty are simply unattainable: “Barack Obama, understanding the histrionics required in climate-change debates, promises that U.S. emissions in 2050 will be 83 percent below 2005 levels.
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POPSUnemployement - why won't Obama act? This is a good piece about the wreckage that is resulting from high unemployment and how Obama and his team are not acting. Rest assured this isn't a Glen Beck, or Sarah Palin attack from the right, with only a lose foundation in reality. This is coming from a left-wing icon, Arianna Huffington of The Huffington Post. Mr. Obama the time for action has come. Unemployment damages the economy through the loss of consumer spending, but it also hurts those that have jobs. Companies have the ability to force workers into part-time shifts and to pay them lower wages.
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POPSSmall Town To Liz Cheney: We Want Gitmo Detainees, Not Your Fearmongering But Standish’s City Manager tells us that local leaders and residents want the facility, and dismissed Cheney’s efforts as “fearmongering.” Cheney is “certainly not representing the views of our community,” the City Manager, Michael Moran, told our reporter, Amanda Erickson. While some local residents do appear to have expressed mixed feelings or opposition to the plan, Moran says that they’re an isolated minority that Ms. Cheney’s video elevates out of proportion in a way that’s “off base.” What’s more, the Standish city council recently passed a unanimous resolution expressing support for bringing Gitmo detainees, citing job losses in the wake of the closing of the facility. Seems that the good people of Standish just don’t have Liz Cheney’s understanding of the nature of the threat.
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POPSMoney for Moms Stay at home parents, are becoming more and more abundant in our society. In today’s world, many women are successful just because of their own small niche businesses. And for moms, there are a lot of great ways for them to make money while staying at home.
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POPS Washington and the Jobs Market The larger measure of joblessness that includes marginal and part-time workers jumped 0.5% to 17.5%. And the average hours worked in a week stayed the same at 33.0, which means that millions of Americans working part-time will have to become full-time before employers start hiring new workers. If Democrats really want to create jobs and save themselves from a debacle in 2010, their best policy option is to stop creating so much investment uncertainty and additional barriers to business hiring. Stop trying to raise business costs by making it easier to unionize via "card check." Stop trying to raise energy costs with a cap-and-tax bill. Stop adding to the deficit and future tax burden with a 12% increase in domestic spending for 2010. Above all, stop trying to ram through Congress on a partisan vote a health-care bill that imposes a 5.4-percentage-point income tax "surcharge" on anyone making more than $500,000 a year......
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POPSUNEMPLOYMENT TOPS 10 %
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses. Economists say it could climb as high as 10.5 percent next year because employers remain reluctant to hire. Friday's report is the first since the government said last week that the economy grew at a 3.5 percent annual rate in the July-September quarter, the strongest signal yet that the economy is rebounding. But that isn't fast enough to spur rapid hiring, raising the specter of a jobless recovery. "You need explosive growth to take the unemployment rate down," said Dan Greenhaus, chief economic strategist for New York-based investment firm Miller Tabak & Co. Greenhaus said the economy soared by nearly 8 percent in 1983 after a steep recession, lowering the jobless rate by 2.5 percentage points that
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POPSJobless Rate Jumps to 10.2% How much of that Stimulus money has gone overseas to *create* US jobs over there? I guess Ms. Pelosi will say we need to extend the unemployment benefits even more and her health care bill will be needed now more than ever. The American people can not win with this crowd. This Administration is Carter on steroids.
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POPSPork Report - 28 Oct 09 Junket watch: Speaking at a beachfront spa and resort, Federal Reserve Chairman says Americans need to save more and the country must “substantially reduce federal deficits”
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POPSAmtrak Our government does such a "wonderful" job with the post office and Amtrak, just think what they will be able to do with health care. Write your congressman now.
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