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"the economy may be regaining its footing" Yeah sure it is !

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county worker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:37 PM
Original message
"the economy may be regaining its footing" Yeah sure it is !
Edited on Thu Jun-18-09 03:38 PM by county worker
"Two new reports Thursday pointed to signs that the economy may be regaining its footing. The total number of people on the unemployment insurance rolls dropped for the first time since early January"


"The total number of people on the unemployment insurance rolls dropped for the first time since early January, the Labor Department said,"

"The total unemployment insurance rolls fell by 148,000 to 6.69 million in the week ending June 6 — the largest drop in more than seven years."

"The drop also breaks a string of 21 straight increases in continuing claims, the last 19 of which were records."


Drum roll please!

"It is unlikely that new hiring has picked up in any meaningful fashion," Joshua Shapiro, chief economist with MFR Inc., a consulting firm, wrote in a note to clients. "More probable is that long-term unemployed are starting to fall off the rolls."

http://www.npr.org/templates/story/story.php?storyId=105574943


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Bleacher Creature Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:40 PM
Response to Original message
1. That very well may be true.
The problem is that once you've regained your footing after falling down a 10,000 foot cliff, you then have to walk all the way back just to get to where you started . . .
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Fovea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:45 PM
Response to Original message
2. Man, the minitruth is still going strong for the MSM.
It's like the news regarding chocolate rations.

We don't need cheerleading for another sucker rally, or worse
another bubble and bust cycle.

We need realism and reform that we can believe in.
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Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:47 PM
Response to Original message
3. It all depends
In the last two weeks I have generated $8000+ in new business.

But I did that by working my ass off for a month and a half and seeing NOTHING come together.

So unless I want to be in that situation again, I have to look ahead and bring in new business when I have money in my hand...not when I'm clutching at the last straw.

Money IS out there...business IS out there...but anyone who wants it had better be prepared to perform like one driven and dedicated motherfucker, or stand out of the way for those who already ARE.

I work 7 days a week, 12-16 hours a day. I don;t say that to pat myself on the back. I say that to tell you how I came up with the new business I mentioned above.

:patriot:
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latebloomer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:47 PM
Response to Original message
4. So the headline should have read
"Thousands of people run out of unemployment"! :grr:
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:48 PM
Response to Original message
5. How much do the people in the media get paid?
Im sure its going great for the talking heads inside the beltway. they are as out of touch as the politicians. meanwhile, the rest of us are out here choosing between a roof over our heads and medicine.
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:51 PM
Response to Original message
6. Standing on banana peels.
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