Mr. Shaman
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You've quite-conveniently forgotten #3....the most-obvious; 2010.....the EXPIRATION of BUSHCO's TAX-CUTS!!!!!!!!!!!!!!!
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Bad Obama Economy growing Worse!!!
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Mr. Shaman
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Yeah....let's HEAR it for the $tatu$ Quo!!!!!
U.S. economy on the mend
By Alia McMullen, Financial PostSeptember 1, 2009
The U.S. manufacturing sector grew in August in the first month of expansion in more than a year and a half.Photograph by: Jay LaPrete/Bloomberg News, Jay LaPrete/Bloomberg NewsThe U.S. manufacturing sector grew for the first time in a year and a half in August, while residential construction spending and pending home sales also improved, confirming the world’s largest economy is on the mend. While the recession has likely ended, the early days of growth are scattered and not yet strong enough to create jobs, leaving consumers in the dumps and markets wary ahead of this week’s employment figures.
“The good news is that the recovery in the manufacturing and housing sectors appears to be gathering pace,” said Paul Dales, a U.S. economist at Capital Economics.
The Institute For Supply Management’s manufacturing index rose for an eighth straight month in August, however it was the first time since January last year that the indicator moved above the crucial 50-level, which separates growth from contraction. The index increased four points to 52.9 -- the highest level since June 2007. The rise in activity is a far cry from the 28-year low of 32.9 recorded in December.
Manufacturing activity around the globe also improved in August with the JP Morgan Global Purchasing Managers Index expanding for the first time since May, 2008. Activity in China hit a 16 month-high, while in Japan, the manufacturing sector was growing at its best pace in three years.
The key driver of U.S. manufacturing in the month was a 9.6 point jump in the new orders sub index to a four and a half year high of 64.9, indicating a rise in demand for manufactured goods. Production was also strong in response to the new orders, helped by the government’s “Cash for Clunkers” car stimulus program as well as improvements in residential construction as a result of the homebuyers tax credit.
Separate figures showed Tuesday that vehicle sales surged 23% in August from the previous month, while residential construction jumped 7% in July for its first monthly increase in 40 months.
By Alia McMullen, Financial PostSeptember 1, 2009
The U.S. manufacturing sector grew in August in the first month of expansion in more than a year and a half.Photograph by: Jay LaPrete/Bloomberg News, Jay LaPrete/Bloomberg NewsThe U.S. manufacturing sector grew for the first time in a year and a half in August, while residential construction spending and pending home sales also improved, confirming the world’s largest economy is on the mend. While the recession has likely ended, the early days of growth are scattered and not yet strong enough to create jobs, leaving consumers in the dumps and markets wary ahead of this week’s employment figures.
“The good news is that the recovery in the manufacturing and housing sectors appears to be gathering pace,” said Paul Dales, a U.S. economist at Capital Economics.
The Institute For Supply Management’s manufacturing index rose for an eighth straight month in August, however it was the first time since January last year that the indicator moved above the crucial 50-level, which separates growth from contraction. The index increased four points to 52.9 -- the highest level since June 2007. The rise in activity is a far cry from the 28-year low of 32.9 recorded in December.
Manufacturing activity around the globe also improved in August with the JP Morgan Global Purchasing Managers Index expanding for the first time since May, 2008. Activity in China hit a 16 month-high, while in Japan, the manufacturing sector was growing at its best pace in three years.
The key driver of U.S. manufacturing in the month was a 9.6 point jump in the new orders sub index to a four and a half year high of 64.9, indicating a rise in demand for manufactured goods. Production was also strong in response to the new orders, helped by the government’s “Cash for Clunkers” car stimulus program as well as improvements in residential construction as a result of the homebuyers tax credit.
Separate figures showed Tuesday that vehicle sales surged 23% in August from the previous month, while residential construction jumped 7% in July for its first monthly increase in 40 months.
Pidgey
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Incidentally, for those of you who are looking around you and not seeing what on Earth could be fueling the "green shoots" BS, you can see it right here:
Intentional pumping in order to drag speculative prices up. By and large, volumes have been way, way, WAY down and "program trading" has accounted for approximately 40% for a few months now. That is, program trading for about four stocks in particular. What that amounts to is a few players keep bouncing some shares of a stock back and forth between them to walk the price up. Given that the Insider-Selling-to-Buying ratio has lately been running ~30:1, this is NOT a good thing.
Well... it won't be for a bunch of suckers anyhow.
Intentional pumping in order to drag speculative prices up. By and large, volumes have been way, way, WAY down and "program trading" has accounted for approximately 40% for a few months now. That is, program trading for about four stocks in particular. What that amounts to is a few players keep bouncing some shares of a stock back and forth between them to walk the price up. Given that the Insider-Selling-to-Buying ratio has lately been running ~30:1, this is NOT a good thing.
Well... it won't be for a bunch of suckers anyhow.
Actually , with our Obama economy getting worse by the hour , this is NOT a defeat for Obama but a VICTORY . Obama wants America to FAIL . Obama seeks to replace our Republic form of Government with a DICTATORSHIP . OBAMAISM is the combining all the "ism " into one - Fascism , communism , socialism , statism , marxism , replacing our democratic system of free markets and free elections with OBAMAISM . For this huge change to happen a serious CRISIS must develope that will frighten the people and they will submit .What better crisis to create then one that destroys all assets , all freedoms , all religious rights . With a flip of a switch America will wake up to a different America , a different World . Today you see the doubts , the mistrust , the confused citizens . Our State Controlled News media (except FOX ) lies for OBAMAISM and the people sleep. Shame!
What a pile of hooey. Do you listen to anything but Glenn Beck, Anne Coulter, and Rush Limbaugh?
The recession is not the "Obama economy" any more than it was the "Bush economy." The poor economy is the direct result of poor decisions and risk taking on Wall Street along with the utopean dream that the increase in real estate prices could be sustained forever.
Not only that, but the economy started going downhill long before most of us had even heard of Barck Obama.
asur
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- Feb 3, 2008
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- 1,100
Just some facts from today Sep 3, 2009:
Shoppers limited their back-to-school purchases and stayed focused on necessities in August, resulting in the 12th straight month of declining sales for retailers.
This again proves Obama economic policies are leading the US down the toilet!
No spending means no economic recovery!
The poor get poorer in the US under Obama.
It's called CHANGE!
Shoppers limited their back-to-school purchases and stayed focused on necessities in August, resulting in the 12th straight month of declining sales for retailers.
This again proves Obama economic policies are leading the US down the toilet!
No spending means no economic recovery!
The poor get poorer in the US under Obama.
It's called CHANGE!
chestnut
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- Oct 21, 2008
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yeah.. where is all the news of the trickle up economy.. how many homeless or un-employed people have hired folks to work for them and created jobs. you know jobs. that 3 letter word (well actually 4.... I almost made the same mistake as Biden!)
It's not going to happen. It never did in the past, and it won't in the future.
It's not going to happen. It never did in the past, and it won't in the future.
Keep booing the American people and the American economy pubbies... you'll lose every time!
BusinessWeek
Vital Signs: Labor Market Starts to Look Better
On deck: ISM indexes, pending home sales, ADP job data, productivity revision, FOMC minutes, and the employment
report By James C. Cooper
The last item on Wall Street's agenda for the coming week, before everyone heads out for the long Labor Day weekend, will be the government's August employment report. Stock prices are rising on expectations that at least a modest economic recovery is near, and investors will be looking at the jobs data for more encouraging signs.
Job losses are clearly diminishing, and the unemployment rate may be close to topping out. Payrolls shrank by 247,000 workers in July, the smallest decline in almost a year. Job losses averaged 422,000 per month in the second quarter after declines averaging 691,000 per month in the first quarter. The surprise last month was the dip in the unemployment rate, to 9.4%, from 9.5% in June, a drop that came after 14 months of steady increases.
For August, economists expect a further lessening in job losses, and more signs that joblessness is leveling out. They look for payrolls to fall by 236,000, according to an Aug. 21 survey by Action Economics, and they think the unemployment rate will edge up, back to the June reading of 9.5%.
Trends in both initial claims for jobless benefits and the volume of continuing claims strongly suggest labor market strains are easing. Reading through the ups and downs caused by this year's unusual timing of layoffs in the auto industry, first-time claims remained in a clear downward trend in August. The four-week average edged down to 566,000 on Aug. 22, slightly above the July average of 560,000, but down sharply from its peak of 659,000 in early April.
The news from continuing claims is even more upbeat. The total volume of claims, which tends to shrink dramatically as recessions end, has plummeted to 6.1 million in mid-August, from 6.9 million at the end of June. At least some of that drop reflects state benefits running out after the allotted 26 weeks, but detailed analysis by economists at Barclays Capital suggests a combined drop in first-time claims and voluntary termination, as more people find jobs, account for most of the decline.
If economists are right about second-half growth in real gross domestic product, employment weakness should continue to diminish with the possibility of net job gains by the turn of the year. While the government's second estimate of last quarter's GDP showed no net change in the 1% decline reported earlier, the components now show even more inventory liquidation and a shade more strength in overall demand. That mix supports the notion that exceptionally low inventories will require reordering and more production, and it strengthens the view that real GDP growth is set to pick up into the 2%-to-3% range in the second half, a pace that would be fast enough to bring job losses to a halt.
BusinessWeek
Vital Signs: Labor Market Starts to Look Better
On deck: ISM indexes, pending home sales, ADP job data, productivity revision, FOMC minutes, and the employment
report By James C. Cooper
The last item on Wall Street's agenda for the coming week, before everyone heads out for the long Labor Day weekend, will be the government's August employment report. Stock prices are rising on expectations that at least a modest economic recovery is near, and investors will be looking at the jobs data for more encouraging signs.
Job losses are clearly diminishing, and the unemployment rate may be close to topping out. Payrolls shrank by 247,000 workers in July, the smallest decline in almost a year. Job losses averaged 422,000 per month in the second quarter after declines averaging 691,000 per month in the first quarter. The surprise last month was the dip in the unemployment rate, to 9.4%, from 9.5% in June, a drop that came after 14 months of steady increases.
For August, economists expect a further lessening in job losses, and more signs that joblessness is leveling out. They look for payrolls to fall by 236,000, according to an Aug. 21 survey by Action Economics, and they think the unemployment rate will edge up, back to the June reading of 9.5%.
Trends in both initial claims for jobless benefits and the volume of continuing claims strongly suggest labor market strains are easing. Reading through the ups and downs caused by this year's unusual timing of layoffs in the auto industry, first-time claims remained in a clear downward trend in August. The four-week average edged down to 566,000 on Aug. 22, slightly above the July average of 560,000, but down sharply from its peak of 659,000 in early April.
The news from continuing claims is even more upbeat. The total volume of claims, which tends to shrink dramatically as recessions end, has plummeted to 6.1 million in mid-August, from 6.9 million at the end of June. At least some of that drop reflects state benefits running out after the allotted 26 weeks, but detailed analysis by economists at Barclays Capital suggests a combined drop in first-time claims and voluntary termination, as more people find jobs, account for most of the decline.
If economists are right about second-half growth in real gross domestic product, employment weakness should continue to diminish with the possibility of net job gains by the turn of the year. While the government's second estimate of last quarter's GDP showed no net change in the 1% decline reported earlier, the components now show even more inventory liquidation and a shade more strength in overall demand. That mix supports the notion that exceptionally low inventories will require reordering and more production, and it strengthens the view that real GDP growth is set to pick up into the 2%-to-3% range in the second half, a pace that would be fast enough to bring job losses to a halt.
Mr. Shaman
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asur
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Looks like more older people in poverty under Obama!
The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living.
The National Academy of Science's formula, which is gaining credibility with public officials including some in the Obama administration, would put the poverty rate for Americans 65 and over at 18.6 percent, or 6.8 million people.
http://news.yahoo.com/s/ap/20090904/ap_on_re_us/us_older_americans_poverty
It's Ok though because Obama isn't looking for their votes!
He just wants to collect taxes from them is all!
The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living.
The National Academy of Science's formula, which is gaining credibility with public officials including some in the Obama administration, would put the poverty rate for Americans 65 and over at 18.6 percent, or 6.8 million people.
http://news.yahoo.com/s/ap/20090904/ap_on_re_us/us_older_americans_poverty
It's Ok though because Obama isn't looking for their votes!
He just wants to collect taxes from them is all!
Did the number of seniors in poverty suddenly begin to increase beginning on January 20, 2009?
And, can Obama get a second term without the votes of the seniors?
I'm just guessing here, but I think the answers are no, and no.
asur
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PLC1 wrote -
Yes, they did, that's the point!
So many lost their 401K and retirement funds, in the stock market it's not funny.
The stock market dropped when it became apparent that Obama
was in. It also dropped fast in 2009 when Obama said things like it goes up and down.
Geitner didn't help either!
But to be honest with you, I think it's gonna drop like a rock under Obama!
I'm not wishing, I'm just predicting!
PLC1 wrote -
I doubt it, but he gets the young vote and 99% of the black vote.
Yes, they did, that's the point!
So many lost their 401K and retirement funds, in the stock market it's not funny.
The stock market dropped when it became apparent that Obama
was in. It also dropped fast in 2009 when Obama said things like it goes up and down.
Geitner didn't help either!
But to be honest with you, I think it's gonna drop like a rock under Obama!
I'm not wishing, I'm just predicting!
PLC1 wrote -
I doubt it, but he gets the young vote and 99% of the black vote.
Werbung:
I doubt it, too. AARP is very much in favor of health care reform, and has been running ads supporting the current plan.
And, those seniors who lost their 401ks are seeing them come back. I know, as I have one that is back to about what it was before the crash.
