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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (95392)	11/15/2010 5:00:57 PM
From: jlallen	1 Recommendation Respond to of 224839

lol

To: Kenneth E. Phillipps who wrote (95392)	11/15/2010 6:20:59 PM
From: chartseer	1 Recommendation Respond to of 224839

Yikes! The government is tinkering with the employment figures! Whodda ever thunk it! Thanks again Glenn Beck! comrade chartseer

To: Kenneth E. Phillipps who wrote (95392)	11/15/2010 6:33:44 PM
From: chartseer	2 Recommendations Respond to of 224839

Those Jobs Numbers Were Much Worse Than They Looked The most distressing aspect of this report is that the US economy lost another 124K full-time jobs, thus bringing the five-month loss to 1.1 million in this most critical of all employment categories. In an even more significant sign, the level of full-time employment in October was at the same level that was reached originally in December 1999, almost 11 years ago (see attached chart). An economy cannot generate income growth by continuing to substitute part-time work for full-time employment. This loss of full-time jobs goes a long way to explain why real personal income less transfer payments has been unchanged since May. The weakness in real income is probably lost in an environment in which the Fed is touting the gain in stock prices and consumer wealth resulting from the latest quantitative easing (QE), but QE has unintended negative consequences for real household income. Due to higher prices of energy and food commodities, QE may result in less funds for discretionary spending for consumers whose incomes are stagnant. Also, with five-year yields falling below 1%, rates on CDs and other types of short-term bank deposits will decline, also cutting into household income. At the end of the day these effects will be more powerful than any stock-price boost in consumer spending, which, as always, will be very small and slow to materialize. To have a broad-based recovery, the manufacturing sector must participate. Contrary to the ISM survey, manufacturing jobs fell 7k, the third consecutive drop, resulting in a net loss over the past three months of 35k. Read more: businessinsider.com Comrade chartseer