Posted on 08/20/2009 7:54:11 AM PDT by Kartographer
The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday, surprising economists.
There were 576,000 initial jobless claims filed in the week ended Aug. 15, up from a revised 561,000 the previous week, the Labor Department said in a weekly report.
A consensus estimate of economists surveyed by Briefing.com expected only 550,000 new claims.
(Excerpt) Read more at money.cnn.com ...
Are the economists who are “surprised” by this the same economists who said last week the recession was over?
“So we need another stimulus plan to jumpstart the economy? Or maybe the public option will fix this? How about raising taxes on small businesses to punish they for not hiring? “
This is fun, those idiots!
SWEET!
How many times can they run with the headline "signs the economy may be improving' when these kinds of details keep leaking out?
But when Obama is President it is always the Job losses and rising unemployment that “surprise” the experts.
Obambi and the Dims are not surprised by this at all. It is all part of their plan to dimantle our society and destroy America from within.
Even so...I don't want "other people money" - except if they buy my product...
And in a world ruled by logic and reason, "experts" who are constantly being "surprised" in their professed area of expertise would have to seek other employment.
"Would you like to supersize that?"
and the market goes UP !
why has their been this disconnect between news and market movement since obama was elected? Could it be the government is using stimulus funds to prop up the market? Because every single time recently unexpected BAD news comes out the market goes UP.
Because....maybe...the market sees FAILURE....for the Obama administration, which is the best thing that could happen to our economy?
I understand and the whole future of this country IS very depressing. You are in the crosshairs of these liberals who want us unemployed begging for crumbs. Unfortunately republicans are not much better, we can only hope that 'good will come from the bad', that democrats win and power grab will ultimately result in a revival of capitalism and economic freedom and rejection of Wasjhington power.
It is best to try to see a silver lining, if you can, I wish you the best of luck, I see small businesses as national hero's.
Survey: Car Dealers say Clunkers a Failure as 97% Report Problems, Call for Program to Stop
If market goes down, market is evil. If market goes up, it is evil competition against a dot gov/lawyer/communist bag of idiots.
No way these people can function.
Small Business owner here too, and I wish we could do something to help you. We are slowly sinking, but I guess swimming is better than floating... Prayers to you and yours.
How can these so-called experts be surprised by everything that happens? Aren’t they “experts”?
Soooooo because it’s a SURPRISE, it should not be taken all that seriously??!! It would only be BAD if it had been EXPECTED??!! Isn’t it fun to watch government media in panic-cover-up mode!
Well heck, I missed out on the surprize again! No Cracker Jack surprize for me!
All I see on the horizon is more deflationary spiral followed by hyper-inflation and uemployment.
Supposedly, only 5-10% of the initial stimulus money has been spent. I wonder how much has already been stolen.
obama owns this economy now
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.