A Pause That Refreshes? (Panicky NY Times spins The Kenyan's economic meltdown)

NY Times ^ | 8/6/10 | Floyd Norris

[jimbo123]

The employment numbers today are not disastrous, but they are certainly not good.

It is now clear that the recovery paused this spring.

[jimbo123]

Recovery Summer is on track to become Layoff Fall and liberal panic is setting in. Business is preparing to downsize before 2011 and there is nothing The Kenyan or his cultists in the media can do about it.

[hometoroost]

I have a large rock in my backyard. It’s been “paused” for some time now.

[edpc]

It is now clear that the recovery paused this spring never began.

[maggief]

“I had expected this recovery would be faster than it has been. I was wrong. But I do not think we are anywhere close to proving that a new downturn is imminent, or that the stimulus that was applied in 2009 failed to help the economy.”

Pathetic.

[PA-RIVER]

We may need to give communism a few more years to work.

We’re just getting started. Once the Health care plan kicks in insuring 20 million dead beats we will start saving money. (Ha Ha Ha !!!! What a joke!!! This Kenyan guy is so funny!!!)

[MarineBrat]

NYT? Hahahahahahahaaaa! ‘Zit dead yet?

[jimbo123]

The homosexuals at the NY Times are in a panic. Their world is collapsing right in front of their eyes.

[Sybeck1]

Just imagine the Christmas numbers..........

[HerrBlucher]

What a pickle for the dems. It is certainly possible to create a panic that can suddenly cause an economic downturn, and I think this happened just before the 08 election per soros to elect odingleberry, but how do you create the opposite for a sudden economic upturn to keep the commies in office?

They are going to have to rely solely on massive election fraud, more fraud than they have ever done before. Can they do it? We will see.

[jimbo123]

The upcoming mass layoffs will need to be done before Christmas to get the workers off the books before the end of this year. Announcements will start after Labor Day.

[Reaganwuzthebest]

It is now clear that the recovery paused this spring.

It "paused" this spring? The NY Slimes apparently thinks the economy is like a DVD player that you can just turn on and off at the drop of a hat. It's more like breaking it when the policies are so far left wing that businesses can no longer thrive.

[cpdiii]

Official figures do not show the true story.
If you are a “discouraged worker” and no longer looking for a job you fall off the unemployed list.

The depression peaked at about 25% unemployed.
If you add the unemployed and the discouraged workers (as we did in the past but the government has been playing number games) our present rate of unemployment is 17%.

But that does not show the complete picture. 20% of the work force averages only 20 hrs a week of work. This 20% does not include part time workers that only want part time work. This 20% wants full time work. Therefore there is in effect another 10% unemployed. Many employers are faced with the dilemma of either firing 1 person or making two people part time. The often make 2 employees part time. Thus this really is and additional 10% unemployment rate in terms of economic impact.

Thus the real economic impact unemployment rate today is
approximately 27%. WE ARE IN A DEPRESSION!!!!!!!!! and if we continue on Obama’s economic path it will get worse.

The impact of this has not been as bad as the depression as we have many programs to help the unemployed. However we do not have the money to do this forever.

We have one hell of a problem.

[An Old Man]

I believe you are probably being generous in the figures. Around here unemployment is near 30%.

"However we do not have the money to do this forever.
We have one hell of a problem."

This problem is going to get much worse very soon! The fed is oiling the printing press as I write.

[cpdiii]

I believe you are probably being generous in the figures. Around here unemployment is near 30%.

My numbers were national averages. Michigan, Nevada etc have really been hit hard.

[Hojczyk]

The only way to get the economy going is cut the corporate tax rate to 10% same with dividends and a zero tax rate if the money is reinvested in the U>S>..