Obamaconomy!!!

The US Gov't can't even deliver the mail. It's called CHANGE!

The post office is renewing its drive to drop Saturday delivery -- and plans a rate increase -- in an effort to fend off a projected $7 billion loss this year.

Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.

"The projections going forward are not bright," Potter told reporters in a briefing. But, he added, "all is not lost ...


If they really take action that means jobs are gonna disappear.
 
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Hey, assur!!!

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"Private employers cut 20,000 jobs in February, compared with 60,000 jobs losses in January, the report by ADP, a payroll processor, showed on Wednesday. The 20,000 jobs was in line with the median estimate.

"This is a positive sign that we are turning the corner toward job growth," said David Resler, chief economist at Nomura Securities International in New York.

In the same month, the number of planned layoffs at U.S. firms fell to the lowest level since July 2006, according to a report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The report also said employers appear to have shifted away from downsizing and may be poised to start adding workers."
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Got your GLOOM 'n DOOM right HERE!!!!!!

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"The U.S. services sector grew in February at its fastest pace in more than two yearshttp://www.reuters.com/article/idUSTRE62235N20100303, according to an industry report released on Wednesday.

The Institute for Supply Management said its services index rose to 53.0 from 50.5 in January. The reading was the highest since December 2007 and well above the 51.0 median forecast of 71 economists surveyed by Reuters.

A reading above 50 indicates expansion in the services sector, which accounts for the majority of U.S. employment."
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"$tock$ rose on Wednesday after data on the labor market and the U.S. services sector encouraged investors who had been uncertain about the pace of economic recovery.

The Institute for Supply Management's services gauge rose month over month at its fastest pace in more than two years in February, and the ADP Employment report showed U.S. private employers shed fewer jobs last month, suggesting the labor market may be on the mend.

"The markets are reassured by Greece's plan and the data," said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates in Toronto. "The ISM number was especially encouraging because it suggests that business is improving."
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"The U.S. manufacturing sector has stepped up in a big way, leading recent advances in both the stock market and the economy. The rebound has carried such big names as Boeing (BA) and General Dynamics (GD) to their highest share prices since September 2008.

After lagging the rest of the stock market in the recession years of 2008 and 2009, the industrials on the Standard & Poor's 500-stock index have vaulted ahead of it. The industrials index is up 4.3% in 2010, more than any other sector and ahead of the flat year-to-date return for the broad S&P 500.

A weaker-than-expected economic report on Mar. 1 failed to cool investor optimism about industrial stocks. The Institute for Supply Management's manufacturing index slipped from January's 58.4, which was the highest reading since 2004, to 56.5 in February. Economists surveyed by Bloomberg News were expecting a median reading of 57.9.

Still, any ISM reading index above 50 means that manufacturing is expanding—and February was the seventh consecutive month of manufacturing growth.

The report once again confirmed that manufacturers are performing much better than other sectors, says independent market strategist Doug Peta. "It's as if manufacturing is really leading the rest of the economy," he says."
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C'mere assur!!!!!!!!!!

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"Specializing in innovation is an attractive idea, but a misleading one; an idea that blinds us to what we really need to do.

We need to do more than produce exciting new ideas; we must also be able to compete in large productive industries. This requires us to both balance trade and to motivate our corporations not only to innovate, but also to produce in this country."
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Mr Shaman - Private employers cut 20,000 jobs in February.

So you are you proud of losing jobs?

It's getting worse and Obama is going for a record for jobs lost!
 
asur said:
Mr Shaman - Private employers cut 20,000 jobs in February.

So you are you proud of losing jobs?

It's getting worse and Obama is going for a record for jobs lost!
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Spin-on, young Skippy! Spin-ON!!!

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"You would think
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the nation's biggest homebuilders would be writhing in pain right about now. Sales of new single-family homes sank in January to the lowest seasonally adjusted rate in nearly five decades of record keeping and are now off 78% from the housing market's frothy peak in 2005.

Yet in a housing industry as vast and varied as America's, the data often fail to keep up with reality. It turns out that big publicly traded builders, thanks to cost-cutting, asset sales, bond issues, and tax breaks, aren't in grim shape. Their $hare$ have nearly doubled over the pa$t year and they're back in the game of competing for land, reflecting confidence that after years of falling priceshttp://www.nytimes.com/2009/01/24/business/24charts.html, rising foreclosures, and busted dreams, better days are ahead."

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asur said:
There is nothing unexpected about it.
It's called CHANGE!
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U.S. Stock-Index Futures Climb as Job Losses Trail Estimates​

"U.S. stock futures advanced, signaling the Standard & Poor’s 500 Index may gain for a sixth day, as a smaller-than-estimated loss of jobs bolstered confidence the economic recovery is strengthening.

U.S. stocks advanced yesterday, sending the S&P 500 to a fifth straight gain, following analyst upgrades, a jump in retail sales and reports showing improvement in jobless claims and productivity.

“We’re in the middle of a strong acceleration of growth,” Stefan Keitel, who oversees $140 billion in assets as chief investment officer at Credit Suisse Asset Management in Frankfurt, said in a Bloomberg Television interview. “Corporations are in pretty good shape and that’s a supporting picture for equity markets.”

Of the 469 companies that reported earnings since Jan. 11, 75 percent have beaten expectations, fueling a 6.3 percent rebound in the S&P 500 from this year’s low last month."
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Try this, assur.....

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Strange how the leftwing mind works. Simply because the number of jobs lost was lower then expected, and the stock market went up based on that report, they claim success.

However, the only gain in employment has been in the public sector, not the private sector. Consumer confidence is down. The deficit is growing. Billions of dollars are being spent by the fed to create job growth which is averaging around $200,000.00 per job. Gas is going up. Food costs are going up. There are some 11 million to 25 million more homes to be foreclosed on. And the list goes on.

Oh well. Since the bankers are profitting, since stock brokers are profitting, since corporations are profitting, and since the Democrats are in control that, must be regarded as success.
 
Census hiring. Anyone who seriously watches employment data already knew that a temporary boost was going to occur due to bringing on census workers. It happens every decade.
 
OldTrapper said:
Strange how the leftwing mind works. Simply because the number of jobs lost was lower then expected, and the stock market went up based on that report, they claim success.
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Breakin' your heart, isn't it??

Good luck in 2012!!!!

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Mr. Shaman said:
Breakin' your heart, isn't it??

Good luck in 2012!!!!

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Not at all. I watched CNBC this morning as usual, and I am waiting for the second market crash which many say will happen in the next 6 to 8 months. Then what will you say?

However, the Dems are holding back on the money intended for creation of jobs till around November, then they will release it to try and influence the election. Typical leftwing trick.

I don't think it will work. Over 50% of the people are getting tired of the leftwing tricks, and lies. Democrat approval is still falling. Pelosi, and Reid, will be gone in 2010, Obama in 2012. If all goes as it should we will have a more Conservative House, and Senate, after 2010. Whether that lasts any longer then it did in 1994 remains to be seen. Could be we will see the repeal of a lot of the leftwing policies in the next few years which will be good for the people. If not, then we become just another third world country as all other socialist, government run countries are, or will be.
 
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