Jobless claims rise “Unexpectedly”
It's gotten so bad, Reuters is struggling to come up with new ways to say unexpectedly. More from Bloomberg.
Jobless claims rise above expectations
(Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum.
Please consider supporting RiehlWorldView with a small donation
, by shopping at Amazon via our Associate link in the sidebar
or by re-distributing our content across the Web with the options below. Thank you.
Recently, the thinly populated Province of Alberta produced more jobs than the entire United States.
Obama made it worse. And ObamaCare will simply kill it.
great article, thanks
This week’s fight over raising the federal debt limit exposes a key weakness in the warfare-welfare state that has bestowed power onto the Democratic Party: Without an ever-growing share of the economy, it dies. Every vital element of the Democrats’ coalition — unions, government workers, government contractors, “entitlement” consumers — requires constant increases in payments, grants and consulting contracts. Without those payments, they don’t sign checks to re-elect Democrats.
Like it or not, Obama is not the new FDR, but the new Gorbachev: a man forced to preside over the demise of a political system he desperately wants to save.
– Richard Miniter in Forbes, July 18th, 2011.
The question is, will there be anything left…???
Looks like the House Republicans are continuing to drop the ball on the economy.
With taxes at record low rates…why isn’t the U.S. producing jobs like they promised it would?
Oh, SNAP….!!!!
This is what real entrepreneurs think of Obama…
From an interview with Bernie Marcus, founder of Home Depot…
IBD: What’s the single biggest impediment to job growth today?
Marcus: The U.S. government. Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home Depot would never have succeeded if we’d tried to start it today. Every day you see rules and regulations from a group of Washington bureaucrats who know nothing about running a business. And I mean every day. It’s become stifling.
If you’re a small businessman, the only way to deal with it is to work harder, put in more hours, and let people go. When you consider that something like 70% of the American people work for small businesses, you are talking about a big economic impact.
barfo: “Looks like the House Republicans are continuing to drop the ball on the economy. With taxes at record low rates…why isn’t the U.S. producing jobs like they promised it would?”
LOL!!
Looks like our delicate diversity hire is still not really in charge of anything!!
LOL!!
Rep. Debbie Wasserman Schultz, the new head of the Democratic National Committee and a Forest Hills native, sure did this week.
DWS: “We own the economy,” she said of her party.
“We own the beginning of the turnaround, and we want to make sure that we continue that pace of recovery.”
LOL!!
Remember, DWS (economic genius) told us that just 33 days ago!!
Poor barfo.
It’s just never going to be 2008 again……..
barfo: “With taxes at record low rates…why isn’t the U.S. producing jobs like they promised it would?”
Because obambi/barfo/all lefties have destroyed the American jobs engine and have given us a 10% U-3 unemployment rate target for as far as the eye can see.
http://www.marketwatch.com/story/why-well-have-10-unemployment-soon-2011-07-21?link=home_carousel
Gee, isn’t that 10% unemployment rate basically what they have in all those European countries with deomcratic socialist policies for which American lefties praise them to the hilt?
LOL!!
Why yes.
So barfo, heres a simple explanation: your side has succeeded in creating economic policies and government burdens on business that are very like our European counterparts and now you’re very confused as to why we are getting economic jobs and GDP growth that is very much like our European counterparts.
You’re just not very bright, are you?
LOL!!
“With taxes at record low rates…”
This is, naturally, a barfa lie.
Revenues are at lows…due to the Obamanomic crushing of the economy.
More Americans ARE in a lower effective bracket…due to the Obamanomic crushing of their incomes.
There have been a few piddling one-off give-aways that the Collective laughingly called “tax cuts”…but that was a lie, too.
More from a wealth and jobs CREATOR…contra the wealth SUCKERS of the Collective…
IBD: Washington has been consumed with debt talks. Is this the right focus now?
Marcus: They are all tied together. If we don’t lower spending and if we don’t deal with paying down the debt, we are going to have to raise taxes. Even brain-dead economists understand that when you raise taxes, you cost jobs.
EVEN. BRAIN. DEAD. ANYBODY…
“Revenues are at lows…due to the Obamanomic crushing of the economy.”
Your usual lies, rags/drags.
Taxes as a percentage of GDP are currently at a record low.
And unemployment is above 9%.
Kinda shoots down the voodoo economic wingnuts constantly spout.
“Taxes as a percentage of GDP are currently at a record low.”
Which is what I said, contra your lie that “With taxes at record low rates…”.
The rates are not lower.
The number of people paying is lower, as is the income of so many, putting them in lower brackets.
Income taxes and GDP are not linked, stupid. They are not completely independent, but you could have a very high GDP and very low income tax receipts. See?
Idiot.
Not “unexpectedly” one of our brainless, stuck on stupid, trolls show up with their ignorance on display!!
UpChuck is a special kind of stupid!!!
Worship of the great Xerxes is going to cost this country for decades!!
But just like recovering from the previous POS POTUS, Jimmy Carter, we will return to greatness!!
“The rates are not lower.”
Another lie, Rags/Drags?
The top tax bracket under Reagan was 70%
It was 91% during the Kennedy administration.
It is currently 35%
“With taxes at record low rates…”
Is what you said, you lying POS.
The current rates are WAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYyyyyyyyyyyyyy far from the lowest rates for income tax on record, you COMPLETE FLUCKING MORON.
(Initially, the rate was…I believe…1.5%)
I love screwing you this way. I just have to quote your own stupid BS, and cite facts.
And General Electric got a couple billion dollar tax credit last year – yeah the system works
No, Southern HATER.
The “system” is corrupt and completely broken.
Following years of Collectivist tinkering and market distortion.
SV: “And General Electric got a couple billion dollar tax credit last year – yeah the system works.”
This is what happens when Jeff Immelt has his lips pressed tightly against obambi’s rear end in a crony capitalist regime scenario.
LOL!
So SV, are you officially complaining about obambi’s special relationship with GE (and MSNBC)?
Something tells me you don’t feel “comfortable” getting that close to an actual criticism of your little man-god.
LOL!
In more “unexpected” news, Rahmbo Emmanuel analyzes the completely dem-controlled public school system and, for his own kids, votes with his feet!!
LOL!!
Duh!
Rahmbo doesn’t want his kids to have to experience the wonderful school system the libs have created, and he also doesn’t want other poor black kids from the inner city to escape this crappy system.
Typical lefty.
Just like michelle obambi using a private jet to zip on over to Aspen for a day to collect the rent money from obambi’s backers.
Remember, the jet michelle used is not one of those evil corporate jets. It’s just a wonderful and respectable government private jet.
And forget about the global warming implications!!
LOL!!
So many examples of this simple truism: The lefties do not, and have never, actually believed in a single thing that they lecture the rest of us about.
Ugh.
Aerospace, Tech and Financial Services taking it on the chin in obambi’s “workers paradise”.
http://www.marketwatch.com/story/why-well-have-10-unemployment-soon-2011-07-21?pagenumber=1
And yes, once again, I realize that by simply pointing out the idiocy of obambi’s policies and the inevitable results of those private-sector hating rules and regulations that, according to the lefties, I am now more responsible for those results than the lefties Dear Leader.
“(Initially, the rate was…I believe…1.5%)”
Back in 1915 the top rate was 7%.
Here’s the chart:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
Read it and absorb the fact that the top tax rate was much much higher under Ronald Reagan and Bill Clinton.
And then realize how the Republican Party has become the jizz rag of the rich…
They’re now planning on destroying the economy rather than have their masters pay a little more in taxes.
In 1894, Democrats in Congress passed the Wilson-Gorman tariff, which imposed the first peacetime income tax. The rate was 2% on income over $4000, which meant fewer than 10% of households would pay any. The purpose of the income tax was to make up for revenue that would be lost by tariff reductions.[10]
Not to split hairs, idiot barfa.
I lived during the years of the 90% rate, which nobody paid, BTW. That was the era of the “loop hole”, you poor flucking moron. People in that bracket had several common traits….
1. they had the money for good legal and accounting help
2. they had the money to seek legislative help (hence, the loop holes)
3. they had the motive to keep their money from being confiscated
As to your lie about the “party of the rich”…well, that is too easily proven to be another STOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooooooooooooooooooooooooooooooopid lie.
Cf, Nanny Pelosi had a LEAP of 67% (or thereabouts) in her income this past year.
See also, “bundler”, Obamba
Liar.
“Taxes as a percentage of GDP are currently at a record low.”
Barf, you are an illiterate. Yes the top Federal income tax rate was a lot higher in Eisenhower’s day, to retire WWII debt. But growth enabled their payment.
But today’s receipts, 14% of GDP are depressed because we are in an economic depression and have chased income earning to foreign soil. Tax rates coming in 2013 gratis of Obamacare seek 24% of GDP, but without tax reform its likely to collapse further.
You plainly haven’t even Econ 101 to learn terminology much less argue a point. Tax rates are usurious, tax incentives are perversely crushing revenues.
We have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress—which by the way, were different from the proposals I put forward—still wouldn’t kick in until after the recession was over.
****So he’s absolutely right, the last thing you want to do is to raise taxes in the middle of a recession****
because that would just suck up—take more demand out of the economy and put businesses further in a hole.
–Barackah Hussain Obama
Really, barfa.
Legitimate question…
Was you mother scared by a truck-load of industrial stupid (hence, organic) or did you have to really, really work to get as stupid as you are…???
“Legitimate question…”
Haha, Rags/Drags,
You are generally considered the dumbest poster here.
All you do is post juvenile insults at everyone.
My guess is you’re a retired nobody livingo n government handouts.
Most Tea Party members are just self-loathing government dependents.
barfo: “They’re now planning on destroying the economy rather than have their masters pay a little more in taxes.”
LOL!!
Really, I can’t blame barfo for adopting this transparently hilarious tactic.
As usual, lefty policies are destroying a nations economic performance. And, as usual, the lefties are looking for someone else to blame for the inevitable results of their insane policies.
What else is obambi and his little trolls gonna do? Actually recite all of their promises and pledges and then tell us to look at the results?
LOL!!
Nope.
BTW, what exactly is obambi’s exit strategy for Libya?
You know.
The Exit Strategy.
The strategy all lefties were telling us just a few years back that you had to have for any military engagement.
Remember that?
LOL!!
Barfo is hoping you don’t……and so is obambi……(when he isn’t attending fundraisers, going on vacation (this time to Marthas Vineyard) or playing golf).
prezidentin’ is hard work……
barfa…
being “schooled” with a long, hard lesson has to be SOOOOOOooooooooo humiliating for you.
Need some Preparation H for that…???
Your “guess” is as stupidly wrong as every other lie you post here.
You’re known for it…
We are currently borrowing 40% of the Federal budget, or $1.65 Billion. We can confiscate everything the top 2% ‘earn’ and get another $800 Billion, maybe more if ‘loopholes’ are closed.
Just to prepare you, Maryland in 2009 added a surtax on millionaires. They lost revenue.
We paid $400 Billion last year in interest on the debt.
Oh….SAAAAAA—NAAAAAP….!!!!
Republicans like the “cut, cap, and balance” approach to the debt ceiling, as do Democrats and independents. Most Americans support a balanced budget amendment, and most, but not as many, think an amendment is necessary to get federal spending under control. A balanced budget amendment passed the House earlier this week, but a vote in the Senate is expected to fail.
And that was a poll of ADULTS…NOT voters. Voters tend to be more ADULT versions of adults…and more conservative….
Heh, heh, heh…
“In the latest CNN poll, two-thirds of voters favor the idea of tying a raise in the debt ceiling to spending caps and a balanced budget amendment, and this isn’t a survey of conservative-leaning likely voters, either.”
Now, THAT has got to make barfa’s hemorrhoids flare up something AWFUL…!!!!
barfly- you must be a retired gubment leech. Only people like you enjoy seeing the hardworking suffer.
Funny, when you actually look at the poll, the respondents are really, really against cutting Medicare, Medicaid and Social Security but for closing tax loopholes on Corporations.
How’s that match up with the Republican agenda to destroy social programs but save corporate tax cuts?
24. Now I’m going to read you some of the specific proposals for cutting government spending and increasing taxes that have been suggested as part of the discussions on the debt ceiling. For each one, please tell me whether you favor or oppose that proposal as a way to reduce the amount that the government owes. (RANDOM ORDER)
Favor Oppose No opinion
Cutting federal subsidies to farmers 31% 66% 2%
Cutting pensions and benefits for retired government workers 30% 68% 2%
Cutting defense spending 47% 52% 1%
Cutting the amount the government spends on Medicaid, the federal health program for the poor 22% 77% *
Cutting the amount the government spends on Medicare, he federal health program for the elderly 12% 87% 1%
Cutting the amount the government spends on Social Security 16% 84% 1%
Increasing the taxes paid by oil and gas companies by ending federal subsidies for those businesses 73% 26% 1% Increasing the taxes paid by businesses that own private jets 76% 23% *
Increasing the taxes paid by people who make more than 250 thousand dollars a year 73% 26% *
POLL 11 -6- July 18-20, 2011
Of course, Cap-i-tANUS, several of those questions are based on pure BULLSPIT…
http://www.verumserum.com/?p=27334
See what Warren Buffet, owner of private jets and companies that own private jets, has to say about the demagoguery of the Deemocrat liars.
Barf is still running the show around here, what is new…
Thru the end of October, 25% of all sovereign debt, worldwide, must be rolled over. One reason rates for Italy have jumped over last week, and why US is being thumped two grades to AA.
Cut, Cap and Balance trims a mere $111 Billion from 2012 Budget, forget actual expenditures. That’s 3%, we’ll still borrow $1.5 Trillion, minimum.
The latest EU plan is Greek bondholders are paid 80 cents on the dollar and 1/3 of German GDP is risked on EU governments going forward.
Not worried yet?
China ‘reported’ growth of 9.5% last year, they need 6% to maintain social order. They are headed for a hard landing with interest rates still rising as commodities, like sugar, falling and foreign sales collapsing, off 25% over 2009–the good ole days–and entering global recession.
GE reports 21.6% rise in profit, $3.8B…
Wow, it is good to be Barackah’s fascist butt-buddy…
That giant sucking sound…???
That is your money and my money…oh, and our grandchildren’s money…
And, of course, we are being lied to by Obama…
The Obama administration already forgave more than $4 billion of that debt when the company filed for bankruptcy in 2009. Taxpayers are never getting that money back.
The Obama administration’s bailout agreement with Fiat gave the Italian car company a “Incremental Call Option” that allows it to buy up to 16% of Chrysler stock at a reduced price. But in order to exercise the option, Fiat had to first pay back at least $3.5 billion of its loan to the Treasury Department. But Fiat was having trouble getting private banks to lend it the money. Enter Obama Energy Secretary Steven Chu who has signaled that he will approve a fuel-efficient vehicle loan to Chrysler for … wait for it … $3.5 billion.
So, to recap, the Obama Energy Department is loaning a foreign car company $3.5 billion so that it can pay the Treasury Department $7.6 billion even though American taxpayers spent $13 billion to save an American car company that is currently only worth $5 billion.