SparkyOne says:

Worthless. Without the U6 number being included this is worthless.

If the mass media began reporting the true number of people out of work no congress puke would return from his/her district following Christmas break healthy.

Jägermeister says:

Now, go to Walmart and support your favorite communist regime.

Lou says:

Obummer !

Buffet says:

#7 jccalhoun – Couldn’t have said it better myself. Scary is right. The country will, most likely, continue to spiral down the drain. I’m movin’ to Australia.

TheCommodore says:

This is what happens when you ignore you basic usury laws.

jccalhoun says:

Couldn’t have said it better myself. Scary is right. The country will, most likely, continue to spiral down the drain. I’m movin’ to Australia.
If you actually are afraid of someone because of his middle name then you are dumb. Using Obama’s middle name over and over is a pure scare tactic and has nothing to do with anything.

Dennis says:

dunno. A part of me feels some elation that I am not the only one….and another part of me just wants to find a job after 5 months of looking/interviewing.

Just wondering what it is going to take to turn it around. No one seems to be hiring at a livable wage, and none of the ‘Government Programs’ are lowering ANY of the costs of living.

soundwash says:

farming aside,

-I would be interested to see a military base/prison complex location & expansion overlayed over the low unemployment areas..

for those at home still playing the left-right game, regardless of who was president, seems to me the Dems
were [and still are] in charge of congress.

Expect no “recovery” as we knew it, ever again. all new “job creation” will be in government run facilities.

-esp if health care is passed.

me thinks all those collecting unemployed will soon be asked to “work” for the same amount they
now collect in the huge bureaucratic megawasteland that GovCorp run healthcare will create.

The rest will be working in the “civilian security” arm of GovCorp,
hunting down all those who failed to
“pay” for “free” healthcare.

-or watching over the rest of’em in state-sized prison work centers which will, -surprise! will be producing goods at 0.15¢ and hour for China’s new up and coming middle class.

After all, they have built a brandy new 1 million resident city that is being kept empty..

http://youtube.com/watch?v=0h7V3Twb-Qk

I’ll hazard a guess that it is for
the new “wall streeters” to move into,
once the Banksters finish destroying ours..(it is anyone’s guess as to who still actually trusts that there is an ounce of “credibility” left in ours)

My second (better) guess is that it will house the new high-tech “kids” that will be designing all the new electromagnetic devices that will usher in the new high-technology era of the “new age” which will be led by a Russia-China co-operative.

esp since china has a 93% monopoly on the rare-earth minerals and magnets needed to make such devices.

Failing all that:

–If our government survives past the next two-three years with the current “insaniacs” running it..

..a revolution is due in [short] order. -if we wake up in time.

-s

Buffet says:

#12 – I’m not afraid of anyone – least of all you boy! These forums are a place for the exchange of ideas and opinions. They are here for us to learn from each other, and to explore the incredible diversity of the human mind. We all have different attitudes, beliefs, convictions,opinions, sentiments, and viewpoints. I’m here to occassionally voice a comment, inject some (often lame)levity, but, above all, to learn. DO NOT call me any more names! (You weren’t much of a V.P.)

Winston says:

Excerpt from “What if they stop buying our debt”:

“As you can see, we project that foreign [debt purchase] participation has plateaued. U.S. private domestic investors can probably increase their holdings moderately, now that households are consuming less and saving more, and financial institutions have money to invest in Treasury paper. The agencies and trusts (like Social Security) are really not a part of the equation, but rather reflect programs on “auto-pilot” and quickly headed to the point where they will negatively impact, not help, the deficits.

Adding it all together, even under the most conservative of assumptions, there are simply not enough buyers to cover the accelerating federal deficits. That leaves the lender of last resort, the Federal Reserve, as the only remaining candidate to satisfy the government’s grotesque appetite for funding. There is no viable alternative.

The Fed will take up the slack in the only way open to it, by printing money out of thin air and exchanging it for promises from the Treasury. That means an escalation of monetary inflation and, somewhere down the road, serious price inflation as well. We don’t know exactly when that will happen, only that it must.

The editors of The Casey Report have been alerting subscribers to this very possible scenario for quite some time. If foreigners stop buying U.S. government debt, the whole house of cards will come crashing down.”

And from the Shadow Banking report:

“The key observation is one of the most comprehensive single page topology overviews of the entire shadow banking system. The take home here is the massive leverage applied to any single product (which courtesy of soon to be defunct rating agencies was presented as having AAA or comparable collateral when in fact the underlying assets were total garbage), which ranges anywhere from 7x to infinity. This last leverage category is precisely what the Fed, in its attempt to reincarnate the bubble once again, consequences be damned, is doing its damnedest to make sure comes back. And if investors are stupid enough to fall for the same trick one again, then we all deserve the financial apocalypse that will ensue as a result. Because while in 2007 the ABS collateral pool at least had some more quality assets supporting it, over the past 2 years even these have gotten impaired, courtesy of horrendous asset resource management.”