Unemployment Drops to 9.7% , so get ready for the avananche..

[bobburgster]

of thank yous from the republican leadership to President Obama for the great job he is doing fighting unemployment. I assume there will be a multitude of apologies also, as well as vows to work in a bipartisan way.

[Atman]

1. Funniest post I've read in a long time!

:rofl:

.

[Cant trust em]

2. I was thinking about the avalanche of people talking about how muddy the numbers are. nt

[Craftsman]

6. How to fake the numbers

They basically adjusted the Census Bureau #'s to cause a 'reset' so that the next few months of unemplopyment deterioration will look like it isn't getting any worse (ie - the next 3 months it creeps back up to 10% - "at least it's not getting worse" they'll say...). I see this as terribly bearish and a sign that .gov expects the REAL underlying numbers to get worse not better in the near term.

[Craftsman]

3. These numbers are a lie, cooked

They "adjusted" RE Cooked the denominator to get them below 10% if the numbers were not adjusted the rate woudl be 10.6%.

[The_Casual_Observer]

4. That brown bastard proclaimed yesterday that the last stimulus

didn't do anything. Brown is a stupid ass.

[valerief]

5. When did the Repubs schedule the ring-kissing ceremony? nt

[bobburgster]

7. On Valentines's Day, of course

;-)

[Kahuna]

8. But but but....The administration said it would only get up to 8%!

That was a ridiculous assertion for the administration to make. Still, this is good news.

[Craftsman]

9. These numbers are a work of fiction

[valerief]

13. Yeah, we know it's at least 20%. nt

[Craftsman]

14. Yep, I figure it is between 10% and 20%

[bobburgster]

11. Yeah, but at least when they make mistakes.....

they admit them.

We know GW, made none whatsoever in his stellar 8 years.

[hughee99]

15. That's the thing about admitting mistakes...

if you do it often enough, people won't care about how much better it is that we have an administration that's not afraid to admit mistakes, they'll wonder why the hell there are so many being made. It's tough to admit your mistakes on a regular basis and retain peoples confidence that you know what you're doing.

[bobburgster]

19. True, but I would rather an honesr screw-up than a dishonet perfectionist.

[AllentownJake]

12. If they would have started their discouraged worker scam 6 months earlier

They could have gotten that number :rofl:

[AllentownJake]

10. The republicans are going to have one of their broken clock moments

When they say the number is absolutely meaningless.

Of course there is good news in the report, I'd rather them be talking about than the silly U3 number, but the American people are alas, not that smart to understand it.

Which is kind of funny, because a bout .5% of the population actually understand what is in that U3 number everyone is talking about today

:rofl:

[laughingliberal]

16. +1 nt

[louis-t]

17. Oil speculators will use this to run up prices.

Watch for it.

[AllentownJake]

18. Nah

Everyone is heading for the hills for a week or two. Oil is falling.

[bobburgster]

20. Well, my sarcasm was right on...

every news comment I saw mentioned that those numbers didn't show what was really going on.

[old mark]

21. Rec. Yeah. I expect Fox News to break the pro-Obama tea party story

any day now......


mark