It�s Still the Economy, Stupid

“No, I'm referring to your comment that jobs are not being added, so you obviously didn't even read the latest job report I posted.”

“Back to you later Rosey, this is for Violin

Under Obama, Oil and Gas Production on Federal Lands Is Down 40%
http://blog.heritage.org/2012/01/18/under-obama-oil-and-gas-production-on-federal-lands-is-down-40/

There're a dozen links on there to prove that you and Jake Carney are distorting the truth about drilling.”

“Jake Carney... Jake Carney...

The Lexington Kentucky high school defensive back?

The Chicago scooter rider who died in 2010?

Who are you talking about?”

“The dogwasher in chief, press secretary Jay Carney. Media Matters(George Soros) gives him his talking points every day and they are the exact same one's you bring up every day.


That's so weird.....”

“So when you say that, under Obama, all the oil platforms moved to Brazil and I post an article that shows that the number of rigs has quadrupled in the past three years and that there are more rigs in operation in the US than the rest of the world combined, what you really meant to say was that I'm guilty of spreading propaganda.

I get it.”

“Science F(R)iction as fact, is all the (R) has anymore, they are all allergic to truth and fact and are addicted to their daily Buybull doses.”

“I'm saying Violin, that were drilling in spite of obama rather than because of him.


http://www.youtube.com/watch?v=TRl4zj8Idl4&feature=player_embedded

Price of gas goes up during live report on gas prices”

“Obama bans eastern Gulf drilling for 7 years
December 01, 2010

http://articles.cnn.com/2010-12-01/politics/obama.gulf.drilling_1_drilling-rig-oil-drilling-gulf-spill?_s=PM:POLITICS

President Barack Obama will not be allowing new drilling in the eastern Gulf of Mexico for at least seven years, Interior Secretary Ken Salazar announced Wednesday.

The exploration of drilling possibilities in sensitive areas of the Arctic will proceed "with utmost caution," he said.

Obama's decision effectively reverses White House plans announced at the end of March to open the Gulf region -- along with other large swaths of U.S. coastal waters -- to oil and natural gas drilling”

“Obama Administration Approving Only 35 Percent of Gulf Drilling Plans
http://blog.heritage.org/2011/11/24/obama-administration-approving-only-35-percent-of-gulf-drilling-plans/

new report from a New Orleans-based group reveals that the Obama administration is approving just 35 percent of the oil drilling plans for the Gulf of Mexico so far this year. It is also taking an average of 115 days — nearly four months — to secure approval from the Bureau of Ocean Energy Management, Regulation and Enforcement.

Those numbers contrast sharply from previous years. This historical average is a 73.4% approval rate. The approval time has nearly doubled; the historical average is 61 days for the government to approve plans.

For plans that require drilling activity, the numbers are even worse. New regulations require all deepwater drilling plans to undergo an environmental assessment process. Those plans have an average approval time of 222 days or more than seven months.

The data were included in the latest release of the Gulf Permit Index from Greater New Orleans Inc. It has monitored this trend since last year’s oil spill in the Gulf of Mexico. The delays have continued for more than 18 months later.

Drilling permits don’t fare much better under the Obama administration either. One sign of hope might be a recent uptick in shallow-water permits. Greater New Orleans Inc. reported:

Deep-water permit issuance continues to lag the monthly average observed in the year prior to the oil spill. Only 5.0 deep-water permits are being issued per month since September 2011, representing a 0.8-permit — or a 14% — monthly reduction from the average of 5.8 permits per month. This number also represents a 2.0-permit — or a 29% — reduction from the historical average of 7.0 permits per month over the past three years.

Shallow-water permit issuance is rising above the historical average. Since September 2011, 8.3 shallow-water permits, on average, were issued. That number represents an increase of 1.2 permits — or 31% — from the monthly average of 7.1 permits per month observed in the year prior to the oil spill. However, this number represents a 6.4-permit — or a 44% — reduction from the historical average of 14.7 permits per month over the past three years.

The slowdown of activity in the Gulf of Mexico is having an impact beyond Louisiana, where one deepwater rig can create 700 jobs locally. Lack of production harms employment across America. It also strips much-needed revenue from the federal government, according to Nick Loris, an energy expert at Heritage.

“Allowing access for exploration and creating an efficient regulatory process that allows energy projects to move forward in a timely manner will not only increase revenue through more royalties, leases, and rent,” Loris recently wrote, “it will also create jobs and help lower energy prices in the process.””

“Cops in riot gear break up rioting mall crowd wanting $220 Nike shoes

http://www.clickorlando.com/news/Cops-in-riot-gear-break-up-mall-crowd-wanting-Nike-shoes/-/1637132/8945358/-/rl7rkwz/-/

Obamy voters.”

“Actually strat, you were saying we weren't drilling... but now you've changed that rather than admitting a mistake.”

“Buy a Gun’ & ‘Keep Your Powder Dry’: Economists Warn of Looming ‘Economic 9/11

http://www.theblaze.com/stories/buy-a-gun-keep-your-powder-dry-economists-warn-of-looming-economic-911/

Harry Dent, author of “The Great Crash Ahead,” believes that the global debt bubble is going to burst and when it does, there will be a massive market crash. It should be noted that this is a revision of his earlier prediction that a crash would hit in 2012. He says he modified his forecast because the global central banks have been pumping the markets with so much money, stocks have been given a temporary boost. But he warns that as soon as the short-lived boost comes to an end, the crash will be hard.

“This will be a repeat of 2008-09, only bigger, when it finally hits,”

“Dent says the combination of aging Baby Boomers exiting their big spending years and a shift toward debt reduction and austerity around the world will cause the economy to suffer another severe leg down, making it more difficult for the government and Federal Reserve to avert a new meltdown,” USA Today reports.

Celente, on the other hand, who has also been warning of economic disaster for years, believes that the national debt and “income inequality” has put the U.S. in a very dangerous place.

He warns that bank runs, brought about by social unrest, will wreak sever economic havoc. He also warns that the current economic crisis could very easily transform into real violence. He believes the markets will be turned upside down by not only the eurozone crisis but also by an increase in oil prices due to the standoff between Iran and the West.

“2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax,” Celente wrote in his “Top 12 Trends 2012” newsletter.

“When money stops flowing to the man on the street, blood starts flowing in the street,” he added in an interview.”

“Boy, looks pretty scary today!

The Dow Jones industrial average on Tuesday finally reclaimed the ground it held before the carnage of the Great Recession � bailouts, bank failures, layoffs by the million and a stock market panic that cut retirement savings in half.

The Dow closed above 13,000 for the first time since May 19, 2008, almost four months before the fall of the Lehman Brothers investment bank triggered the worst of the financial crisis.

According to preliminary calculations, the Dow finished at 13,005.12, up 23.61 points for the day.

http://news.yahoo.com/dow-closes-above-13-000-first-time-since-210820884.html”

“So you've finally come around to the realization that austerity budgets and income inequality are a threat to the world economy?

When did this happen?”

“When your output exceeds your income, your upkeep will be your downfall

The things you mentioned V are a direct result of progressive socialism, and proof that IT DOES NOT WORK

Live it, learn it, love it”

“Liberals are so silly.”

“Strat - Did you even read the story you posted?

I quote:

"Dent says the combination of aging Baby Boomers exiting their big spending years and a shift toward debt reduction and austerity around the world will cause the economy to suffer another severe leg (sic) down"

"income inequality has put the U.S. in a very dangerous place."”

“Subsidized Green Energy Company Struggles, Lays Off Workers � Rewards Top Executives

Analyst: 'It looks like they are trying to pad their top people�s wallets in case something really bad happens'

By Tom Gantert | Feb. 23, 2012 Follow Tom Gantert on Twitter





In the nine months since David Prystash was named Chief Financial Officer of A123 Systems � the battery manufacturer that received $390.1 million in federal and state subsidies � the company has laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011.......

http://www.michigancapitolconfidential.com/16500”

“All part of the plan V”

“GM temporarily halts production of Volt
http://thehill.com/blogs/transportation-report/automobiles/213889-gm-halting-production-of-chevy-volt

GM laying off 1300 due to low Volt sales
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/gm-laying-1300-due-low-volt-sales/406771

That's SOOOO weird....”

“OMG!! GM laying off Union employees?

Say it ain't so, Capital Joe!

Yeah, this is part of the new configuration with the new GM. I'm sure you haven't heard about it through all of the Union and public sector jobs bashing websites that you find "the truth" on. GM is making sure that they do not get into BS like last time; especially with gas prices rising right now and your side of the aisle pounding as much hay as possible, and squeezing this for all of it political worth.

It's really a lot more complicated than just a simple link post intended on misleading. But you've claimed that you look for the truth and question; the thing is that you only look as far as what you what to see.”

“No Q, you don't have to look for the liberal point of view because it's everywhere. NPR, CBS, NBC, PBS, NYT ,ABC ,CNN, HBO, LAT on and on and on. You have to look for the other side of the coin and most people don't have time or don't care. You see, I am equal time. I balance out you. You and pepsi don't even have the nards to just come out and admit that you're progressive liberals. You don't like my links? Refute them instead of calling me crazy or stupid. I can and will counter anything you say.

You think GM is doing great? Prove it. Don't call me stupid to make a point, prove it. Did you know they still owe us BILLIONS? Yeah they do. Around 27 I think Well never getthat back. Why didn't they file bankruptcy like any other company does? Cuz King Barry is beholden to the Unions who take the dues and pump it into the Democrat coffers to get them elected. So the government(democrats) took my money, gave it to the unions who give it to the democrats who use it to get elected so they can take more of my money And give more favors to unions and there you go, croney capitalism, corruption, socialism all rolled into one big clusterphuck of bullsh1t. Defend that”

“" GENERAL MOTORS: GM reported that its February sales were only 1.1% more than a year earlier, and are down 2.2% the first two months this year, while most car companies are reporting healthy sales gains.

GM's Chevrolet brand was up 5.8%. GMC barely rose, up 0.1%. Cadillac and Buick tumbled.

Still GM sales beat analysts' expectations -- they were expecting a decline based on GM's cutback in sales incentives to improve profit margins.

Standouts on the car side:

Chevy Cruze compact car was up 10.1%. Chevy Sonic, not on sale a year ago, added 7,900 units to the February tally. Chevy Volt, an extended-range electric car, was up a hefty 264.1% from a minuscule number of sales a year earlier.

Truck highlights:

Full-size Chevy Suburban SUV was up 36.6%. Chevrolet Colorado, midsize pickup being discontinued, was up 35.5%. Chevy Equinox, mid-=size SUV, was 15.7% ahead of the year-ago period."
http://content.usatoday.com/communities/driveon/post/2012/03/detroit-automakers-chrysler-ford-gm-sales-boom-stall/1



So their best seller is still the Suburban and it's up.

What is interesting is their efforts to prop up "profit margins" seems to have resulted in a drop in sales. That's how I'd expect a government run company to operate.”

“It a shell game at best. I like their products but will never buy one again. I went with the Toyota 4runner instead. Too bad, so sad”

“"You think GM is doing great? Prove it."

lol!!

Jihad Bush!

Help me Obi Wan Kenobi; the nasty liberals are coming for my guns!”

“8/
Seriously? That's all you could come up with? Ok then, have a nice day..... Eyeroll!”

“Just answering a nonsensical rant with a like inane post.

When you develop an actual argument that is rooted, foundational and properly supported then we can talk.


Until then:







JIHAD BUSH!”

“Go buy a Hybrid from Government Motors and keep eating the cheese
last edited: 3/03/12 4:56:24 PM”

“Oh ok Q, I get it now. If I show a link, an opinion piece, a chart or graph, or even just talk off the top of my head, you won't address anything I say but other than that you'll grace me with your enlightened and exclusively pertinant point of view...

Gotcha”

“March 8, 2012
U.S. Unemployment Up in February
Underemployment is 19.1%, up from 18.7% in January
by Dennis Jacobe, Chief Economist
http://www.gallup.com/poll/153161/Unemployment-February.aspx


March 8, 2012
U.S. Unemployment Up in February
Underemployment is 19.1%, up from 18.7% in January
by Dennis Jacobe, Chief Economist

PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.


The 0.5-percentage-point increase in February compared with January is the largest such month-to-month change Gallup has recorded in its not-seasonally adjusted measure since December 2010, when the rate rose 0.8 points to 9.6% from 8.8% in November. A year ago, Gallup recorded a February increase of 0.4 percentage points, to 10.3% from 9.9% in January 2011.

In addition to the 9.1% of U.S. workers who are unemployed, 10.0% are working part time but want full-time work. This percentage is similar to the 10.1% in January, but is higher than the 9.6% of February 2011.


As a result, Gallup's U.S. underemployment measure, which combines the percentage of workers who are unemployed and the percentage working part time but wanting full-time work, increased to 19.1% in February from 18.7% in January. This is an improvement from the 19.9% of February 2011.


Looking Ahead to the Government's Unemployment Report

The February unemployment rate the U.S. government reports on Friday morning will be based largely on mid-month conditions. In mid-February, Gallup reported that its U.S. unemployment rate had increased to 9.0% from 8.3% in mid-January. The mid-month reading normally provides a relatively good estimate of the government's unadjusted unemployment rate for the month.

Assuming the government's unadjusted rate increases -- from its 8.8% in January -- to at least match Gallup's mid-month measurement for February, then the government should also report an increase in the seasonally adjusted unemployment rate for February. If the government's unadjusted unemployment rate increases to the degree that Gallup's has from mid-month to mid-month, then the government's seasonally adjusted unemployment rate could show an even larger increase.

However, the extent of the seasonal adjustment also makes a difference. Last February, the U.S. Bureau of Labor Statistics applied a seasonal adjustment factor of 0.5 points to its unadjusted unemployment rate for the month. If that same seasonal adjustment is applied to Gallup's mid-month unemployment rate of 9.0%, it would produce a seasonally adjusted unemployment rate of 8.5%. Alternatively, if it was applied to Gallup's full-month unemployment rate of 9.1%, it would produce a seasonally adjusted rate of 8.6%. Gallup therefore forecasts an increase in the unemployment rate.

Gallup in February also found a decline in its Job Creation Index, which tends to support an increase in the February unemployment rate.

The consensus forecast, however, is for no change in the government's unemployment rate. February jobless claims were running at roughly 350,000 during the month, implying a relatively stable unemployment rate. Additionally, Wednesday's ADP report suggesting that private-sector jobs increased by more than 200,000 in February is also somewhat supportive of a stable unemployment rate forecast.

Regardless of what the government reports, Gallup's unemployment and underemployment measures show a substantial deterioration since mid-January. In this context, the increase in unemployment as measured by Gallup may, at least partly, reflect growth in the workforce, as more Americans who had given up looking for work become slightly more optimistic and start looking for work again. So while there may be positive signs, the reality Gallup finds is that more Americans are looking for work now than were doing so just six weeks ago.

”

“Keep hoping for some glimmer of doom.

Man... it must suck to be a Republican.”

“Man... it must suck to be a moonbat democrat.”

“The truth is the truth, even if nobody believes it.
A lie is a lie, even if everybody believes it.
The truth has no agenda.”

“Ye Rev it duz suk to be a Republican, but you know whut bro? After Obama gets reelected by you idiots, it's gonna suk to be you too. The only real difference is that you'll be the one that deserves it.”

“Citi-SOB!

http://www.huffingtonpost.com/2012/03/08/irs-political-groups-501c4-_n_1333389.html”

“According to the BLS household survey, over the past six months the US has experienced the best jobs growth in over 12 years. The last time we saw this kind of employment growth, the dot.com bubble was still frothy.





Nearly half a million people re-entered the workforce last month. Over the last six months, millions have either re-entered the workforce or started looking for a job for the first time.

Those wishing for bad news must be beside themselves.”

“..from V's link:

" In February, employment in leisure and hospitality increased by 44,000, with nearly all of the increase in food services and drinking places (+41,000). Since a recent low in February 2010, food services has added 531,000 jobs."

Burger flippers are doing great! Plenty of jobs, many have 3 of them..”

“*snicker*”

“A lie is a lie, even if everybody believes it....”

“Jobs Recession Now 49 Months: Longest Since WWII

By ED CARSON, INVESTOR'S BUSINESS DAILY Posted 08:38 AM ET

America remains mired in the longest jobs recession since the Great Depression. It's been 49 months since the U.S. hit peak employment in January 2008. And with nonfarm payrolls still 5.33 million below their old high, the jobs slump will continue for several more years.”

“"""""According to the BS Household Survey, over the past six months the US has experienced the best jobs growth in over 12 years."""""" <---- Rev.

If you actually believe that, you are a complete quack! Absolutely NONE of that rubbish you just posted exists in western NC, I can tell you that without a doubt. I see it every day.

""""".... must be beside themselves.""""" You can say that again! But not for why you say however.

That's aiight Rev and rosey, keep tossin Big Govment's salad, and your savior Obama too. My job is to see that my family is safe, and I'm very well on my way for seeing that accomplishable.

This time next year, when President Obama cannot find any more inkling numbers to squeak and tickle for you sheep to party over, it'll be too late. We'll just see how wonderful your charts will be then eh brother?”

“You're the one seeing this all through a political lens. Good economic news is met by lies and insults from your side.

Can you answer how you think Team Obama has massaged these numbers? Has the BLS changed the definition of unemployment or their methods of counting?”