stock market was up today...

#2,252
#2,252
lawgator1 said:
1) Health care reform likely to get struck down, anyway. And if it were to survive, the insurance industry is already geared to it. It does not truly burden business and in fact in the long run will present a major cost savings to them through stabilized health care costs and insurance markets.

2) The wealthy have been getting wealthIER for some time now, largely because of the Bush era tax breaks and insider deals with Congress and the de-regulator faction of the GOP. And yet they have done zilch to create jobs or invest with the windfall. The problem is not that the investment class folks don;t have the money to create business -- they absolutely do -- its the lack of demand caused by a middle class that is in deep, deep trouble.
Click to expand...

This absolute horse shat is not worthy of any one with an IQ over 50.
 
#2,255
#2,255
utvolpj said:
if the participation rate was the same today as when Obama took office the UE number would be 10.9%. What a disaster
Click to expand...

Funny you dont mention, in connection with the rate, that 650,000 people re-joined the labor force - widely regarded as a significant sign of optimism although it temporarily inflates the rate number.
 
#2,256
#2,256
lawgator1 said:
Funny you dont mention, in connection with the rate, that 650,000 people re-joined the labor force - widely regarded as a significant sign of optimism although it temporarily inflates the rate number.
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what are you talking about? The participation rate is being manipulated to show progress that doesn't exist (kind of like your 650k) and has decreased by about 2mil since he took office. This has seemed to be quite confusing to you ever since it was brought up but please keep explaining how 10.9% or even 8.2% is positive
 
#2,257
#2,257
lawgator1 said:
Funny you dont mention, in connection with the rate, that 650,000 people re-joined the labor force - widely regarded as a significant sign of optimism although it temporarily inflates the rate number.
Click to expand...

more ignorance........BHO has not counted the ones that have consistantly left the work force for the past 24 months but now he wants to point out that summer is here and students are looking for work
 
#2,258
#2,258
lawgator1 said:
Funny you dont mention, in connection with the rate, that 650,000 people re-joined the labor force - widely regarded as a significant sign of optimism although it temporarily inflates the rate number.
Click to expand...

they rejoined the labor force because their EBT card doesnt work anymore. Guess what? Another 700,000 EBT cards wont work today
 
#2,260
#2,260
utvolpj said:
what are you talking about? The participation rate is being manipulated to show progress that doesn't exist (kind of like your 650k) and has decreased by about 2mil since he took office. This has seemed to be quite confusing to you ever since it was brought up but please keep explaining how 10.9% or even 8.2% is positive
Click to expand...

Boom
 
#2,261
#2,261
The breaking of the 200-day moving average on Friday could add to the selling pressure Monday AM. not a good way to start off the week. Or Helicopter Ben and others can come in with the printing presses wide open and kick the can down the road a little longer, we will see.
 
#2,268
#2,268
Dow futures were up 180 last night on news of "Spanish Bailout", we opened up 90 and closed this afternoon down 140. The Spain stock market opened up 6% only to close flat. What an awesome bailout.

Italy, who is on deck for the next bailout, funded 1/5th of the Spain bailout. What a mess
 
#2,269
#2,269
The nation’s current account deficit widened to a three-year high of $137.3 billion in the first quarter, the Commerce Department reported Thursday.

The wider gap reflected a decrease in the surplus on income and a greater deficit on goods and services. It’s the largest U.S. deficit since the fourth quarter of 2008.

U.S. current account deficit hits 3-year high - Economic Report - MarketWatch
 
#2,270
#2,270
VolsNSkinsFan said:
Dow futures were up 180 last night on news of "Spanish Bailout", we opened up 90 and closed this afternoon down 140. The Spain stock market opened up 6% only to close flat. What an awesome bailout.

Italy, who is on deck for the next bailout, funded 1/5th of the Spain bailout. What a mess
Click to expand...

Agreed, huge mess.
 
#2,271
#2,271
Geithner proposed Clinton take his job: report

WASHINGTON (MarketWatch) -- Treasury Secretary Tim Geithner personally suggested Secretary of State Hillary Clinton take his job last year, The Washington Post reported Thursday, citing two current and one former administration official. The idea was discussed within the White House before being scuttled before the debt-ceiling talks intensified, the report said. Geithner agreed to stay put, and, to help on the home front, the president talked in person to Geithner's wife, the report said.
 
#2,272
#2,272
Yea that's funny. She's a lawyer so she'd be good with making loopholes in regulations

Jobless claims ticked up yesterday and manufacturing data today shows more slowing
 
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#2,273
#2,273
The White House plans to announce major changes to federal immigration policy on Friday, including removing the threat of deportation for young illegal immigrants. Reports said the White House plan would halt the deportation of as many as 800,000 young illegal immigrants and in some cases give them work permits. Secretary of Homeland Security Janet Napolitano will discuss the policy changes later Friday morning.

Yup, it's election year.
 
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