BREAKING: Second source confirms Reid's allegations Romney paid no taxes for 10 year

[DaTruth]

Reid also reported that his sources gave him magic beans along with the information in return for his cow.

[GPK]

Jon Stewart. Everyone's favorite.

http://www.washingtonpost.com/blogs/...aYSX_blog.html

[geeker2]

and why you ask is this the most important topic of the day?











































unemployment rate rises to 8.3 percent

[Danzig]

ah, politics..where people can start a rumor without having to worry about proof, and then watch the other guy have to disprove it.

yeah...pension debt continues to hamper cities and businesses (tied to banking, again. declining interest rates are killing these funds), the economy remains sluggish, we continue in the longest war in u.s. history, unemployment only declines because people stop looking for jobs (amazing, isn't it? you're still unemployed, and yet...you're not!), manufacturing is down...

and everyone is focused on whether a guy may have paid taxes. i have far worse concerns about romney. is that an issue? sure? the number one issue? no. where were the concerns about payment of taxes when obama was forming his staff? those people (geithner for one) were still approved. and those weren't rumors-those were facts.

so, everyone...what are the most pressing needs in this country in order of priority? and how do we fix them?

[Clip-Clop]

Originally Posted by Danzig

ah, politics..where people can start a rumor without having to worry about proof, and then watch the other guy have to disprove it.

yeah...pension debt continues to hamper cities and businesses (tied to banking, again. declining interest rates are killing these funds), the economy remains sluggish, we continue in the longest war in u.s. history, unemployment only declines because people stop looking for jobs (amazing, isn't it? you're still unemployed, and yet...you're not!), manufacturing is down...

and everyone is focused on whether a guy may have paid taxes. i have far worse concerns about romney. is that an issue? sure? the number one issue? no. where were the concerns about payment of taxes when obama was forming his staff? those people (geithner for one) were still approved. and those weren't rumors-those were facts.

so, everyone...what are the most pressing needs in this country in order of priority? and how do we fix them?

Everything is good, the President is doing a remarkable job, the stimulus worked, go read a newspaper or something.
At the bank yesterday I saw that they have 5 year CDs with a 10K minimum paying up to 1.64%!! Clearly all is well.

[Danzig]

http://finance.yahoo.com/blogs/break...132824067.html


'destined to implode'

yeah, clip, our top cd where i work is at 2.1%. at this point, i recommend people look into some sort of universal life insurance-typically they still have a interest rate of 3.5-4% guaranteed. that rate sucks, but it's still better than what savings and cd's have, and at least you have a guaranteed face amount! or, there's whole life with guarantees as well. i read a ny times article in their financial section some months back in which financial managers said they were encouraging their investors to buy life ins.
i checked on my husbands 401k plan, still doing well thank goodness. people might want to check on their asset mix-make sure you have some bonds in play.


as for the president-meaningless. and if we have a change come fall, it won't get better. congress is the key!!!!! people vote out your incumbents. we need to break that cycle up there. that's where the reforms need to be made.

[Riot]

Originally Posted by Danzig

as for the president-meaningless. and if we have a change come fall, it won't get better. congress is the key!!!!! people vote out your incumbents. we need to break that cycle up there. that's where the reforms need to be made.

"Voting out the incumbents" is exactly the mindless response disaster that occurred in downticket races of 2010, giving us the historic Do Nothing Tea Party House.

[Rudeboyelvis]

Originally Posted by Clip-Clop

Everything is good, the President is doing a remarkable job, the stimulus worked, go read a newspaper or something.
At the bank yesterday I saw that they have 5 year CDs with a 10K minimum paying up to 1.64%!! Clearly all is well.

[Danzig]

Originally Posted by Rudeboyelvis

[jms62]

Originally Posted by Rudeboyelvis

Classic

[Riot]

Originally Posted by Danzig

ah, politics..where people can start a rumor without having to worry about proof, and then watch the other guy have to disprove it.

You mean rumors like the President of the United States isn't really a legal citizen, wasn't born in the US, is a secret Kenyan Muslim, the ACA has death panels that will kill grandma, etc.?

Yeah - rumors suck

[Danzig]

Originally Posted by geeker2

and why you ask is this the most important topic of the day?











































unemployment rate rises to 8.3 percent

damn that george bush.

[Danzig]

from the new york times this morning:

July’s job growth was higher than economists had been expecting, but no one is yet popping champagne corks. The unemployment rate ticked up to 8.3 percent from 8.2 percent.

“It’s a lot better than we’d been seeing in the last few months, but it’s still short of the kind of job growth we were seeing at the beginning of this year,” said Paul Ashworth, chief United States economist at Capital Economics.

As for the pace of hiring through the rest of the year, he said, “I think this is about as good as it’s going to get.”

For context, the economy now produces as many goods and services — more, in fact — than it did before the downturn officially began in December 2007. But it does so with almost five million fewer jobs.

And the rate at which the economy has been adding jobs in the last few months is just barely fast enough to absorb the growth in the labor force.

“In the weakest recovery since the Great Depression, nearly the entire reduction in unemployment since October 2009 has been accomplished through a significant drop in the percentage of adults participating in the labor force — either working or looking for work,” said Peter Morici, a professor at the University of Maryland.



you know, obama said when he took office that the economy would be the number one priority. yeah, right. everyone in d.c. twiddling their thumbs, while nothing happens.

[bigrun]

Originally Posted by Danzig

damn that george bush.

Nice to see you come around...now we have 3 on our side...

[Clip-Clop]

No tax cuts for anyone. Not until the bills are paid.

Not that they would do that with the extra cash though. That would go toward, "strengthening the 'middle class'", of course.

[Danzig]

Originally Posted by bigrun

Nice to see you come around...now we have 3 on our side...

i agree with washington and madison, and others, regarding political parties. i'm not on a 'side'.

[bigrun]

Originally Posted by Danzig

i agree with washington and madison, and others, regarding political parties. i'm not on a 'side'.

Excuuuuuuuuuuse me...j/k....I knew that...

[Riot]

Originally Posted by geeker2

and why you ask is this the most important topic of the day?

unemployment rate rises to 8.3 percent

The actual unemployment rate only went from 8.20% to 8.25% - and number of jobs created exceeded expectations. All in the face of 100% Republican economic obstructionism in the House. If we only had real Republicans in the House, rather than the silly Tea Party caucus controlling Boehner, unemployment would be 6% by now.

But when your legislative goal is to "prevent Obama's re-election", obstructionism is all the GOP can do.

Jobs report beats forecasts with 163,000 jobs in July

By Tim Mullaney, USA TODAY
Updated 13m ago

The nation's unemployment rate ticked up from 8.2% to 8.3% as the economy added a surprising 163,000 jobs in July.

U.S. stock index futures rose after the report, and when stock markets opened an hour later, stocks rallied.

The number of payroll jobs beat forecasts that called for about 100,000 new jobs, according to economists surveyed by Bloomberg.

Overall, private employers added 172,000 jobs in July while governments cut 9,000, the Labor Department reported.

Employment rose in professional and business services, food services and drinking places and manufacturing, the government said.

Employment continues to recover slowly from a recession that pushed unemployment to 10% in October 2009.
Payrolls

The change in the unemployment rate was actually miniscule, says Maury Harris, chief U.S. economist for UBS. "It went from 8.2% to 8.25%, and they rounded up to 8.3%."

[pointman]

Originally Posted by Riot

The actual unemployment rate went from 8.20% to 8.25%, and number of jobs created exceeded expectations.

There is nothing "actual" about that number when it doesn't count those who have given up searching for jobs. The "actual" number is actually much higher. Many of us are not fooled by the Obama reporting tricks

[Danzig]

Originally Posted by pointman

There is nothing "actual" about that number when it doesn't count those who have given up searching for jobs. The "actual" number is actually much higher. Many of us are not fooled by the Obama reporting tricks

that's why i posted the link to the story about unemployment; that the numbers aren't lower because people are getting work-it's they've stopped looking. so, they're still out of work.

it's worrisome that job growth is lower than at the beginning of the year, and they're not expecting it to get better. and it certainly is an issue that unemployment is artificially lower-it's not due to hiring. and with jobs not keeping pace with those out of work, and with labor growth....it's a worsening situation when you get down to it.

then there's the fact that ouput is higher with five million less workers. that is a good sign for those employed. but if those companies can do more with less, why would they hire?



and just saw this, from an article on yahoo business:

But the unemployment rate ticked up to 8.3% and the so-called real unemployment rate (U6) rose to 15% even as the labor force shrank by 150,000.


one thing that admin keeps pushing for, is increases in teaching, police and fire hiring. i disagree. better to put money into infrastructure spending, which increases construction and other hiring. that way, private sectors hire, rather than adding to government employment. government is an expense, a drain, it's not profitable. private hiring on the other hand, doesn't cause an added drain. private companies would hire, buy more equipment, etc, etc. and we all know that we have bridges and roads that needed repairing or replacing decades ago. that's where the stimulus should have been directed, towards actual jobs, actual work. not adding to public sector jobs, or banks, etc. explains why we saw no benefit from all that added debt.