What Economic Recovery?
Here is a chart comparing all the other recessions to the current economic crisis. Some recovery, Huh?

Here is a chart comparing all the other recessions to the current economic crisis. Some recovery, Huh?

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.
Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching. Read More From Source:
Video interview of Donald Trump from Newsmax.com
Unemployment rises but signs are that the economy is improving. OK, what kind of idiots do they think the American people are? Well, I can tell you they think your are incredibly stupid. And you know what? They are right!
Who else but stupid people would let their government treat them like stupid children and who else but retards would let their money be stolen and handed out to criminals instead of using it for their own benefit.
Stupid American’s, I have an idea, give me a trillion dollars to bail out the criminals who caused this economic crises and when you need maybe a few Billion dollars to extend your unemployment benifits, we will spit in your face and you will take it.
Here is a story about how unemployment is rising but the economy is doing strong. Of course you will read it and believe every word they tell you like good little children.
More Americans applied for unemployment benefits last week, but the broader trend in layoffs points to a slowly healing job market. The average over the past month fell to a two-year low.
New claims for unemployment aid rose last week by a seasonally adjusted 26,000 to 436,000, the Labor Department said Thursday. The previous week’s claims were revised up slightly to show applications had tumbled by 31,000 to 410,000. The figures are often volatile during the weeks around the Veteran’s Day and Thanksgiving holidays.
Even so, the longer-term trend has shown a downward drift.
The four-week moving average of claims, which smooths volatility, fell to 431,000 last week. That’s a two-year low.
“After being little changed for most of the year, new jobless claims have broken to the downside in the last several weeks, suggesting that labor markets may actually be improving,” said Steven Wood, chief economist for Insight Economics.
Applications for jobless benefits need to stay below 425,000 for several weeks to signal robust hiring, economists say.
Claims peaked last year at 651,000 in March 2009. For most of this year, new claims largely fluctuated around 450,000. They have been below 450,000 in the last four weeks.
Recent signs suggest the economy is on track to end the year on a stronger note.
The latest evidence came Thursday with strong reports from retailers and on home sales:
• Stores reporting sales gains in November that topped Wall Street expectations included Costco Wholesale Corp., Target Corp., the owner of Victoria’s Secret and teen retailer Abercrombie & Fitch. That’s boosting hopes that shoppers will spend more during the holiday season.
• The National Association of Realtors said the number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a low in June. The association’s index of sales agreements for previously occupied homes rose 10.4 percent in October. Contract signings were up in every region of the country except the West.
And, earlier this week other economic reports showed that factories are pumping out goods, construction spending is up and auto sales are rising.
Some economists are starting to raise their forecasts for job creation based on these developments. The government releases a new employment snapshot on Friday.
Some say employers will add around 180,000 jobs in November. Others, however, are still forecasting a gain of 145,000 jobs. Most think that the jobless rate will stay stuck at 9.6 percent.
The economy added 151,000 jobs in October, the first increase in total payrolls in five months. Private companies were responsible for all of the new jobs. But the increase in hiring still wasn’t strong enough to lower the unemployment rate.
The claims figures provide economists with important signals about the health of the job market. They are a measure of the level of layoffs and indicate whether companies are hiring.
Difficulties adjusting for the Thanksgiving holiday contributed to last week’s spike in new applications, a government analyst said. The unadjusted figures show new claims fell by 54,196 last week.
Thursday’s report also showed that the number of people continuing to collect unemployment aid rose to 4.3 million for the week ending Nov. 20. That doesn’t include millions of additional people on extended unemployment programs that were set up during the recession.
Overall, 8.9 million people are receiving jobless aid, including 4.9 million that are doing so through the federally funded extended benefit programs. Those provide up to 99 weeks of benefits.
However, the extended programs expired at the end of November. Nearly 2 million will lose unemployment benefits as the holiday arrives if Congress doesn’t change its mind and renew the aid.
Surprise! Sarah Palin opened her mouth and the main stream media is criticizing every word she said….again. First let’s see what Sarah said that the liberal media is so upset about.
In an interview recently with conservative talk radio personality, Laura Ingraham, Palin said, “And I know I’m going to be again criticized for bringing this up, but instead of a government thinking that they need to take over and make decisions for us according to some politician or politician’s wife priorities, just leave us alone, get off our back and allow us as individuals to exercise our own God-given rights to make our own decisions and then our country gets back on the right track.”
So there you have it, and as soon as she said them, the main stream liberal media jumped all over her. How anyone can find fault in wha t she said is beyond me. I guess the real problem they have is that they were directed towards the first lady and the Obama regime because if you take the comments at face value, there’s nothing wrong with what she said, it’s just that they came from Sarah Palin. The woman every liberal loves to hate.
If I were Sarah Paline I’d tell her liberal critics, don’t worry, the way the Obama regime is destroying our economy, you won’t have to worry about child obesity, the price of food will be so high, no one will be able to afford to feed their kids.
In this video, Quantitative Easing is explained very simply by two teddy bears. It’s amazing that this video can explain the economic collapse and the actions of the federal reserve so simply, within a seven minute video clip and the main stream media has had thousands of hours to discuss the topic and has failed to explain it to the public properly.
Maybe the media should just take this video and play it on their nightly broadcasts and save themselves a lot of time and energy.
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What do you think will happen this Black Friday, will it be a boom or bust? Will we see shoppers trampled on like we have in past. When the American public was high on easy credit?
With the Great Recession already into it’s third year many retailers are pushing discounts to unload most of their stock. Some retailers are not even waiting until the turkey gets cold, they are opening their doors on Thanksgiving. Talk about desperation or is it nervous jitters I sense.
Clearly these are horrible economic times no matter what kind of happy face the news media tries to put on the topic. Let’s see, true unemployment is over 20%, a record number of American’s, over 40 million, are on food stamps and the real estate markets are at worst levels than the great depression with no bottom in sight.
Think about the food stamps for a second. One little fact they don’t tell anyone on the news is that in order to qualify and receive food stamps you can’t have any savings in the bank. That’s over 40 million without a penny in the bank and that 40 million actually is a lot more than 40 million. The people receiving the benefits are heads of households with multiple members, so you can just imagine how many more the numbers actually represent.
I can go on and on listing one horrible economic indicator at a time but we already know things are bad. Not only for the shoppers but for the retailers as well. That being said, the retailers are pushing some great bargains starting this Black Friday. I wonder if it will work and what will happen after the Holidays are over?
Gerri Poremski – Me and my family are so pumped up about this particular season’s black friday sales events. Actually, am I nuts for doing this? I actually decided to go out and purchased a new outfit to put on exclusively for black friday. I would like to be comfy for all the hurrying around! Lmao
These are the only true American heroes today, Ron Paul and Peter Schiff.
I hope all of you Kool-Aid drinkers are happy with your choice. Keep repeating to your self ” Yes We Can!” Because very soon all you’ll be hearing is “No We Can’t!”
If you have been living in a bubble and don’t know, oil has been dropping in price pretty quick lately. The price of oil plunged close to 65 dollars per barrel here on Wednesday, hitting a 17-month low after news that US energy stockpiles rose across the board last week, traders said.
The market was already facing intense selling pressure on renewed worries about energy demand in the face of slowing global growth and despite a likely OPEC output cut later this week, analysts said.
London’s Brent North Sea crude for December delivery tumbled to 65.28 dollars per barrel, which was last seen on May 20, 2007. You can read more about oil prices here:
Here is my question, I seem to remember gas prices at the pump going up almost everyday when the price of a barrel of oil was skyrocketing, so why haven’t the prices at the pump been falling just as fast on the way down? I know, I know, it’s a stupid question because the answer is so easy, because they are full of @!$%!
I remember the talking heads on the major news telling us that we should expect a .50 price increase at the pump for every $20 the price of a barrel of oil goes up. Well, shouldn’t we expect to see prices at the pump drop .50 for every $20 a barrel falls in price, just like it did on the way up? Yeah, I know…..
Jason – You would think it should fall as fast as it goes up but it never seems to happen that way!!
Bush Tells Unemployed Americans to Eat Cake!
It seems Bush doesn’t care about the common people. Big surprise. During a recent press briefing the White House press secretary Dana Perino suggested that the bush administration would oppose any efforts to extend jobless benefits, a position the White House has taken before.
The White House press secretary Dana Perino explained their position by saying, we want people to be able to return to work as soon as possible. I assume that the White House thinks that by extending the unemployment benefits somehow prevents people from returning to work. Ms. Perino also had the nerve to say that the best way to help the economy was for the unemployed people to simply get back to work! SIMPLY GET BACK TO WORK?!! To what jobs Ms. Perino? Do you even understand why the people are out of work? Do you even know there is a problem? How can you just stand there and pretend like everything is just fine and dandy with the economy? Like it’s just so easy for someone that’s unemployed to go get another job, just like that. Well, If there were jobs out there it would be that easy, you know, remember, the way it was before your Boss came into office.
Here are just a few of the recent headlines about unemployment this week:
– The Department of Labor reported last week that the country shed 159,000 jobs in September, and the unemployment rate has increased to its highest level in five years.
– The Washington Post reported yesterday that “unemployment claims are at a seven-year high, and factory orders are sharply down. … Small businesses can’t get financing.”
I don’t even know where to start. So, we have the Bush administration, the ones who are responsible for the destruction of our economy, bailing out the wall street executives who along with the Bush administration caused all of the problems, but he tells the people, the ones that are most affected by his stupidity to go eat cake! Where is this guy living, where is he from? Here is a president that has not vetoed one spending bill since he became president and is responsible for doubling or national debt, but if it’s just a small sum of money to help the public, this guy threatens to veto any assistance. I guess if you’re a Wall Street executive making millions of dollars and your job is threatened by your own stupid actions, well, that is just unacceptable to Bush and he will hand you a check for $700,000,000.
I can’t even begin to understand this logic. I guess the only good thing that we have to look forward to is that Bush and his lapdog Ms. Perino will be joining the millions of unemployed in the next few weeks. But I have a feeling that they won’t be hurting as much.
You can watch the Bimbo, White House Press Secretary look down upon the average American here:
jo ann – Her comment in and of itself isn’t wrong-its actually a great qoute,but within the context of her speech,it’s misguided. She critisized Michelle Obama for this anti obesity thing she is on. This “kick” she calls it. As if childhood obesity were some harmless passing phase. Its a serious problem that so many children are suffering from diabetes at an early age-diabetes can kill you! Its easily prevented by good eating habits and excercise.That’s exactly what the “let’s move” campaign encourages. Furthermore,because it affects the country as a whole-from the medical costs associated with obesity to the health of our citizens,its responsible and appropriate for OUR government to get involved and encourage prevention. That’s not fascism or socialism, that’s just common sense.
ogre – hey jo ann…first of all learn to spell. Second, it’s not governments job to protect us from ourselves. If my kid wants to get fat, fine…thats between me and him. If its anyones duty to keep my kid healthy it is mine, not some government bureaucracy
Phil – Ogre, then let’s retroactively dismantle the government’s attempts to protect us from ourselves. Let’s put lead back in paint. After all it’s not the government’s job to protect your kid’s heath, it’s yours. And that seatbelt thing ? WAY too intrusive. They have to go. As do those airbags in cars. It’s your right, by GOD, to buy your own motorized coffin. How dare the “gubmint” stick it’s nose in your business ! And those job-killing regulations keeping cancer causing chemicals like PCB out of our drinking water ? Those just won’t do ! They infringe upon your RIGHTS !!!! Ogre, this is not a nation of 300 million individuals with no responsibility to each other. It’s a society. We work together to accomplish things we cannot do on our own. Your selfishness is the same behavior that two-year-olds exhibit, believing that they are the center of the universe, and it’s emblematic of today’s so called “conservative.”