Some economic good news for a change

If the upward numbers can be SUSTAINED......I will exhale deeper. There are numerous factors that we,as a nation,have no control
over and THOSE factors are the guiding this global economy. It is my belief we are looking at a "lost decade"........meaning,it will be one step up and two steps back,then reverse.....two steps up and one step back....ALOT of roller coaster riding is in store. Get in,strap in and HOLD ON......because the MAJOR factors that will lead out of this abyss are not being addressed.JMO (Pimco's El-Erian lamented
this yesterday in a commentary for AdvisorOne)

Fri 10:00am ET- Briefing.com
A sudden wave of selling has not only dashed all of the stock market's opening gain, but it has taken stocks below the depths set during the prior session...

BearMtnHIB wrote: Fri 10:00am ET- Briefing.com
A sudden wave of selling has not only dashed all of the stock market's opening gain, but it has taken stocks below the depths set during the prior session...

I've been hearing that the stock market sell off has been triggered by worsening economic problems in Europe. Doubt it has anything to do with the jobs news, although the sell off might have been even worse if the news had been bad.

AspenValley wrote:

Rockdoc Franz wrote: What does it matter who created them. There are obviously a lot of people out there who are much happier now that they have an opportunity to work. I'm one of those happier people.

Nice try, but I'm sure he'll show up on this thread at some point to try to argue they were either created single-handedly by Perry, or at least try to find a way to blame Obama for not being the "creator" of the jobs.

(I, too, am happy to hear this news and don't really give a hoot about the "politics" of the matter, just glad people are starting to find work.)

WOW! Some people are just never happy and will find a way to post negative and attack on anything. 117,000 was definitely much better news than expected. That is great! I am hoping that this continues as too many families are suffering right now.

AspenValley wrote:

BearMtnHIB wrote: Fri 10:00am ET- Briefing.com
A sudden wave of selling has not only dashed all of the stock market's opening gain, but it has taken stocks below the depths set during the prior session...

I've been hearing that the stock market sell off has been triggered by worsening economic problems in Europe. Doubt it has anything to do with the jobs news, although the sell off might have been even worse if the news had been bad.

Yes the sell of is based a lot on Italy. They are saying that they may need another bailout. YOu are right. Had the numbers been lower than expected, our market would be below 11,000. SO these numbers helped today.

SS109 wrote: My wife and I were just talking last night about how soul draining it is being out of work.
Facing rejection all the time, and wondering how you are going to pay for things, etc.
We need 200K a month in new jobs to keep pace, but I can imagine how happy those 117,000 people are. Congrats to the newly employed!

You are totally right. I am glad for the 117,000 that found jobs, but technically until we hit the 200,000 mark per month, we are still going backwards with jobs. I hope it can get to that point soon. With the Republicans in control of one of the houses and stopping the Dems out of control spending and bills. Maybe this trend will continue now.

The VIX across the board is very elevated.......that is telling in itself. On a long range view the Baltic Dry Index is abysmal and has been for a very long time. El-Erian has been eerily accurate in his assessments and holds a sane view of the global economy and the
impact moving forward....JMO

netdude wrote: Unfortunately the people like CB, NC and viking will cheer the job losses and bad news and you know damn well the good news like this eats at em.... party OVER country and rather see the country fail more to stop Obama succeed at anything..

You guys are seriously detatched from reality and will throw anything out there to try and cut down others won't you? I have never cheered job losses. Can you point out my posts where I have? No you can't. We don't agree with many things but I didn't think you would start to slip down to a few of your far left friends level on here. Sad to see.

Rockdoc Franz wrote: just for the record. I do not believe that Obama created these jobs, certainly not mine.

No, Obama doesn't create any jobs. They admitted that yesterday. It is the policies created by congress that create an atmosphere where COMPANIES and the PRIVATE INDUSTRY can create jobs. So now that the Republicans control one of the houses and can stop the Dems failed policies, maybe employment will start to grow again. Let's hope so. This is a good start.

Press Secretary Jay Carney admits White House doesn’t create jobs

On Thursday, White House Press Secretary Jay Carney admitted to something conservatives have been saying all along: The White House does not create jobs.

“The White House doesn’t create jobs,” he said, adding “the government, together — White House, Congress — creates policies that allow for greater job creation.”

But Obama’s policies have had the exact opposite effect.

From TARP, to the bailouts and Obamacare, the President’s push for “shared sacrifice” has cost millions of jobs.

Now, at 9.2 percent, the U.S. unemployment rate is nearly twice that of Mexico with no sign of improvement.

President Obama now says he is “focusing” on job creation – perhaps for the seventh time in his short but painful stint in the White House.

His record on jobs is clear.

A graph posted at rove.com shows that Barack Obama has the second worst record on jobs since 1890, beat only by Herbert Hoover whose first two and a half years in office were during the Great Depression.

After the June jobs report was released, Rep. Cathy McMorris Rodgers (R-WA) issued a statement noting that 2.5 million Americans have lost their jobs since Obama took office. Worse yet, the average person’s stay on unemployment is more than twice as long than at any point in the past 50 years.



http://www.thegopnet.com/?p=1431

The Viking wrote:

Rockdoc Franz wrote: just for the record. I do not believe that Obama created these jobs, certainly not mine.

No, Obama doesn't create any jobs. They admitted that yesterday. It is the policies created by congress that create an atmosphere where COMPANIES and the PRIVATE INDUSTRY can create jobs. So now that the Republicans control one of the houses and can stop the Dems failed policies, maybe employment will start to grow again. Let's hope so. This is a good start.

Press Secretary Jay Carney admits White House doesn’t create jobs

On Thursday, White House Press Secretary Jay Carney admitted to something conservatives have been saying all along: The White House does not create jobs.

“The White House doesn’t create jobs,” he said, adding “the government, together — White House, Congress — creates policies that allow for greater job creation.”

But Obama’s policies have had the exact opposite effect.

From TARP, to the bailouts and Obamacare, the President’s push for “shared sacrifice” has cost millions of jobs.

Now, at 9.2 percent, the U.S. unemployment rate is nearly twice that of Mexico with no sign of improvement.

President Obama now says he is “focusing” on job creation – perhaps for the seventh time in his short but painful stint in the White House.

His record on jobs is clear.

A graph posted at rove.com shows that Barack Obama has the second worst record on jobs since 1890, beat only by Herbert Hoover whose first two and a half years in office were during the Great Depression.

After the June jobs report was released, Rep. Cathy McMorris Rodgers (R-WA) issued a statement noting that 2.5 million Americans have lost their jobs since Obama took office. Worse yet, the average person’s stay on unemployment is more than twice as long than at any point in the past 50 years.



http://www.thegopnet.com/?p=1431

As predicted, Viking is finding a way to blame Obama for not being responsible for the increase in jobs. :Whistle