Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Goodbye jobs, hello QE3?
CNN ^ | 06/03/11 | Nin-Hai Tseng

Posted on 06/03/2011 6:46:37 PM PDT by TigerLikesRooster

Goodbye jobs, hello QE3?

By Nin-Hai Tseng, writer-reporter June 3, 2011: 10:22 AM ET

It's official: Most economists have been way too optimistic about pace of the economic recovery. Will the latest jobs numbers spur the Fed to act again?

FORTUNE -- Virtually everyone has been wishfully thinking that what's been slowing down the U.S. economy was only temporary. But the spate of crushingly disappointing economic data has all but confirmed that most economists have been way too optimistic, and that the problems ailing markets are not going to disappear anytime soon.

jobsStart with today's unnerving unemployment figures, which will no doubt lead to calls for the Fed to step in and play doctor again. After several months of strong hiring, job growth slowed sharply in May, adding only 54,000 nonfarm payroll jobs. This compares with an increase of 232,000 jobs in April. The unemployment rate ticked up 9.1% from 9.0% in April. The figures were dramatically lower than expected -- economists had been predicting a rise of 160,00 payrolls and a slight drop in the unemployment rate, to 8.9%.

(Excerpt) Read more at finance.fortune.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; job; qe3

1 posted on 06/03/2011 6:46:41 PM PDT by TigerLikesRooster
[ Post Reply | Private Reply | View Replies]

To: TigerLikesRooster

No, NO, and more NO.


2 posted on 06/03/2011 6:47:54 PM PDT by dforest
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


3 posted on 06/03/2011 6:48:07 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

3 was ALWAYS on the table


4 posted on 06/03/2011 6:50:42 PM PDT by Carley (OBAMA, DO YOU HEAR ME NOW.......'67 BORDERS, IT'S NOT GOING TO HAPPEN)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

5 posted on 06/03/2011 6:51:26 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
Isn't the definition of insanity doing the same thing and expecting different results?

This regime is either insane OR purposely destroying the economy..

6 posted on 06/03/2011 7:03:35 PM PDT by YankeeReb
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
Goodbye jobs

Not if you are a printing press operator.

7 posted on 06/03/2011 7:05:06 PM PDT by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: YankeeReb
This regime is...purposely destroying the economy..

Bingo!
8 posted on 06/03/2011 7:05:06 PM PDT by Signalman
[ Post Reply | Private Reply | To 6 | View Replies]

To: ClearCase_guy

Shakespeare said, kill all the lawyers. I think he meant lawyers and economists.


9 posted on 06/03/2011 7:05:45 PM PDT by EQAndyBuzz (Sarah Palin - She’s living rent-free inside the MSM’s heads. Credited to Lurk)
[ Post Reply | Private Reply | To 5 | View Replies]

To: TigerLikesRooster

Keep digging, Jerks! Just when we thought we’d hit Rock Bottom, QE3 will prove that there’s a whole ‘nother BASEMENT under Rock Bottom with these idiots in D.C.! Grrrr!

But, my Gold & Silver are up today and continue to climb. I’m really going to miss America when I buy my own private island and start my own Democracy. :)

P.S. All Freepers (well, most, LOL!) are invited to join me! :)


10 posted on 06/03/2011 7:06:35 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
"economic data has all but confirmed that most economists obama leghumpers have been way too optimistic"
11 posted on 06/03/2011 7:06:38 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: EQAndyBuzz

Just showing that you don’t follow conservative lawyers, economists, or Shakespeare.


12 posted on 06/03/2011 7:09:44 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 9 | View Replies]

To: TigerLikesRooster

Queen Elizabeth III?


13 posted on 06/03/2011 7:10:28 PM PDT by Revolting cat! (Let us prey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
Goodbye jobs, hello QE3?

And hello hyperinflation. The MSM/Obama administration will spend all of their time trying to whip up as much hatred as possible against the 'rich'. The 'rich' (ie, small business owners) will be the scape goat for Obama's failed economic policies.

14 posted on 06/03/2011 7:12:32 PM PDT by death2tyrants
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
Virtually everyone has been wishfully thinking that what's been slowing down the U.S. economy was only temporary.

It is the Dims and PFL BO are finished in 2012. They will not be in the majority nor have the White House again in my lifetime. The marxists are finished.

15 posted on 06/03/2011 7:21:11 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 1rudeboy

Wasn’t into Henry the VI. Nor am I into Reich or Krugman. Or for that matter Eric Holder.


16 posted on 06/03/2011 7:21:21 PM PDT by EQAndyBuzz (Sarah Palin - She’s living rent-free inside the MSM’s heads. Credited to Lurk)
[ Post Reply | Private Reply | To 12 | View Replies]

To: TigerLikesRooster

Totally unexpected. Ain’t Marxism grand?


17 posted on 06/03/2011 7:22:07 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EQAndyBuzz
Like I suggested, you are either reading the wrong people, or failing to read.

I do find the notion that the MSM would consult conservative economists (when they make predictions) amusing, though.

18 posted on 06/03/2011 7:25:27 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 16 | View Replies]

To: Nuc 1.1

Sounds good. Wishful thinking. But sounds good.


19 posted on 06/03/2011 7:26:27 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER than a TEA BAGGEE.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: TigerLikesRooster

It’s quite simple, really. No one in their right mind is going to invest in U.S. economic growth as long as Marxists are in charge of the economy.

It makes no sense whatsoever to take additional risks to attempt to increase profits if those profits are simply going to be stolen by the government and “redistributed”, whether such redistribution occurs via Obamacare, increased taxes, increased regulation, deliberately increased increasing energy prices, deliberate destruction of the currency via insane inflationary policies, or deliberate destruction of the Constitution by ignoring it.

Anyone with any sense is simply hunkering down and trying to hold on to what they already have, trying to keep it from being stolen and redistributed. The best way to do that is to do nothing, that is, to limit all financial transactions, since government theft takes place during those transactions.

Business, economic growth, and jobs growth will begin again when the Marxists are replaced with a government that fosters a genuinely business-friendly environment. Until then, economic stagnation is a given. After all, it’s now an Obama World, baby!


20 posted on 06/03/2011 7:29:35 PM PDT by catnipman
[ Post Reply | Private Reply | To 1 | View Replies]

To: indylindy
First comes financial crisis; then comes sovereign debt crisis; then comes financial repression (where government looks for ways to force institutions to hold their bonds. Banks are forced to hold government bonds, for 'liquidity' and pension funds are forced to hold government bonds, for 'safety'). Then comes bailing the banks out all over again.

Bernanke said 2011 growth has slowed to less than a 2 percent in the first three months of this year. The Fed chairman said: ''most of the factors that account for the slower growth in the first quarter appear to us to be transitory.''

Right Mr. Chairman, 'transitory' in the same way the current administration is 'transitory'. The first won't end until the other ends. And I guess if we enter the worldwide socialism club, we'll never have to worry about growth again.

All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth.

It's all fiat money now, meaning that it has value only because the Fed says it does! So we have an unstable economy wobbling atop unsound money. Money that the government takes from taxpayers, or borrows with no intention of paying it back, or prints without end.

Countdown until Obama leaves Office: 596 days as of June 3, 2011.

TEA-P7

Hope and Change.... Tragic.


21 posted on 06/03/2011 7:40:06 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TigerLikesRooster

How many jobs need to be created just to keep up with college graduation rates and other young adults entering the workforce each year?


22 posted on 06/03/2011 7:56:39 PM PDT by Tai_Chung
[ Post Reply | Private Reply | To 1 | View Replies]

To: cashless
No wishful thinking here. Folks are angrier now than they were at Carter. Course you could be right. We will see.
23 posted on 06/03/2011 8:38:26 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Diana in Wisconsin

Hardworking, God-fearing, gun-toting uber conservatives respectfully requesting permission to join you on the island; after, of coure, we fight beyond hope to restore what still is the greatest country on Earth.


24 posted on 06/04/2011 6:02:04 AM PDT by TheWriterTX (Buy Ammo Often)
[ Post Reply | Private Reply | To 10 | View Replies]

To: TheWriterTX

Approved. :)


25 posted on 06/04/2011 6:27:25 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 24 | View Replies]

To: TigerLikesRooster
The demand for software engineers is the hottest I've seen it since 2000. The company I work for is losing a few people a month and having a devil of a time replacing them. I get a few inquiries a week from recruiters.

I expect the demand for more visas is not far off.

26 posted on 06/04/2011 6:30:16 AM PDT by Glenn (iamtheresistance.org)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Glenn
The demand for software engineers is the hottest

Which industrial sector creates so much demand for new software? Banking/finance, computer game or defense industry?

27 posted on 06/04/2011 6:38:50 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
[ Post Reply | Private Reply | To 26 | View Replies]

To: TigerLikesRooster
Here, in Pittsburgh, medical devices, banks, and analytics are hot. VC capital is flowing to anyone who has a "social" software design. Defense money is going to a lot of west coast companies.

And a general mixed bag of pent up software designs are being funded with all the cash companies have accumulated over the last three years.

That's how I see it.

28 posted on 06/04/2011 6:47:44 AM PDT by Glenn (iamtheresistance.org)
[ Post Reply | Private Reply | To 27 | View Replies]

To: TigerLikesRooster
The swindlers, wreckers, petty bourgeoisie, and Kulaks are responsible for all this.

Dear Leader and the Vanguard of the Proletariat know just how to take care of these Enemies of the People...

29 posted on 06/04/2011 7:17:05 AM PDT by Gritty (Like Lenin, Obama's aim is to make things worse to make them better - James Lewis)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tai_Chung

I think it’s somewhere in the neighborhood of 300,000 per month.


30 posted on 06/04/2011 3:31:31 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 22 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson