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Jobless claims soar
CNN Money ^ | 04/08/10 | Chavon Sutton

Posted on 04/08/2010 7:30:34 AM PDT by AngelesCrestHighway

NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday. There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: 0bamasfault; bho44; bhoeconomy; braking; democrats; economy; hopeychangey; jobs; obama; obamanomics; obamasfault; unemployment; unexpected
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To: dfwgator
If you wait until your job is gone, then it gets much tougher...timing is everything.

Timing certainly helps, but you can increase your options by broadening your search area. It amazes me that so many have chimed in and tell me I don't know what I'm talking about when I just lived the last 30 years doing exactly what I describe. I've worked in some real 3rd world $hit holes, not because I wanted to, but because that was where the money was being paid. My experience has been that it is easy to rise to the top of your immediate workforce with a moderate effort. A lot of people I've encountered work harder at getting out of work than the work itself actually is. Everybody has worked around people like this to one degree or another, too.....

101 posted on 04/08/2010 10:24:01 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway; All

“If you are looking for work, start from where you are standing.” ~ President Abraham Lincoln

However, since we have an egomaniac that THINKS he’s a black Abraham Lincoln, it needs to be stated this way:

“If you are looking for work, don’t look to me, ‘cuz I ain’t gonna help ya!” ~ 0bama


102 posted on 04/08/2010 10:24:31 AM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: AngelesCrestHighway

they are definitely fudging the numbers


103 posted on 04/08/2010 10:33:42 AM PDT by PMAS
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To: jennyjenny
I didn't say you didn't know what you were talking about.

Really? Have you forgotten this comment that you made?

Sorry, but you’re sounding a tad bit out of touch with the average person seeking work in this country right now.

I'm not out of touch in the least and I'm not being defensive, either. Nor am I exaggerating. You are quite obviously the one who knows nothing about what I'm saying. I hope you enjoy mediocrity. If you had experience trying to find work in lean times you would know that I'm spot on in my observations. I'm telling you what worked for me when I went through bad times. This economy, as bad as it is, is nowhere near what I experienced in the early 1980's. It's nowhere near what I personally experienced in 1987, either. I didn't sit around feeling sorry for myself. I got out and kept at it until I found gainful employment.

3-4 part time jobs during that awful period.

Part time jobs I had during that period included, but were not limited to driving cars through an auto auction one night a week, shucking oysters at a bar on Friday and Saturday nights, waiting tables, working as a short order cook, driving a cab, moving furniture for a furniture store, doing yard work, often times for people who I'd just moved furniture for, working construction, working as a life guard, working at a car wash, working as a bar back, then later a bar tender and the list goes on and on.

What you don't know about me would fit on the point of a pin with acres of room to spare.

Once again, you open your mouth and remove all doubt.....you really should quit before you make a complete fool of yourself.

104 posted on 04/08/2010 10:34:25 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway
Where's those green shoots Obongo?...

They met the

of reality!


105 posted on 04/08/2010 10:47:44 AM PDT by ScottinVA (RIP to the country I love...)
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To: AngelesCrestHighway

Of course, we must also remember the census workers are offsetting/dampening this bleak outlook.
And:

10.6 million is the number of self-employed workers.

(Source: Upcoming Statistical Abstract of the United States: 2008)

Self-Employed do not receive unemployment benefits and are not counted in te unemployment rate/numbers.

And:

7.6 million is the number of workers who hold down more than one job. So-called moonlighters comprise 5 percent of the working population. Of these moonlighters, 4 million work full time at their primary job and part time at their other job. (Source: Upcoming Statistical Abstract of the United States: 2008)

When these people lose only one of their jobs, they are still not counted in unemployment numbers, of course.

And:


106 posted on 04/08/2010 10:49:46 AM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: Thermalseeker

The fact you feel the need to resort to petty personal insults tells me I know all I need to know about you. ;)


107 posted on 04/08/2010 10:55:57 AM PDT by jennyjenny
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To: Thermalseeker

“There has never been a time in my life from about 18 on that I’ve had less than three sources of income.”

- You must feel so special. As for the rest of us, we have families to feed, and don’t want to go into MASSIVE frickin debt to the FEDERAL GOVERNMENT to go to a 4 year university for a worthless 4 year degree.


108 posted on 04/08/2010 11:29:16 AM PDT by Soothesayer9
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To: Repeat Offender
Kenya spare a quarter mister?

Sorry...I just brought a case of beer...

and I gone done drunk it all obama self

109 posted on 04/08/2010 11:42:10 AM PDT by spokeshave (They'll get my false teeth when they pry them from my sister's cold, dead mouth)
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To: spokeshave
Kenya spare a quarter mister?

------ Sorry...I just brought a case of beer...

and I gone done drunk it all obama self

I think yer lyin. Hussein you done it? I ain't seen you done it.

110 posted on 04/08/2010 11:47:33 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: AngelesCrestHighway
That trillion dollar stimulus sure was worth the “investments”!
111 posted on 04/08/2010 12:04:14 PM PDT by Mr. Right Now
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To: Joe Boucher

Filing this in ...

Obama-nomics link-list
http://www.freerepublic.com/focus/chat/2464021/posts

Secret national anthem of the Left:

I’m a goin to stay where you sleep all day
Where they hung the jerk that invented work
In the Big Rock Candy Mountains

I’ll see you all this coming fall in the Big Rock Candy Mountains

[This Fall, Super Tuesday.]


112 posted on 04/08/2010 1:42:56 PM PDT by Arthur Wildfire! March (Weakening McCain strengthens our borders, weakens guest worker aka amnesty)
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To: NMEwithin

“We are beginning to turn around. More Americans are now getting up, getting dressed and going to work.”

Is he high? Naw, just a marxist liar, that’s all.


113 posted on 04/08/2010 1:54:40 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Oldeconomybuyer

“I notice that both Google and Yahoo! News sites do not have the growing jobless story on their front page. When rates fell it was their lead story. Bias? You make the call.”

Clearly...RAT water carrying basTURDS! Use Bing, or something else. Probly MS is no better!


114 posted on 04/08/2010 1:56:21 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: NMEwithin
"We are beginning to turn around. More Americans are now getting up, getting dressed and going to work."

For the Census Bureau.

115 posted on 04/08/2010 2:00:25 PM PDT by skr (May God confound the enemy)
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To: Tallguy
"The general trend in the jobs market is improving, reinforced by the decline in continuing claims," said Carl Riccadonna, senior U.S. economist for Deutsche Bank. "That's a good indication that the next move in the unemployment rate could be lower."

They say earlier in the article that the reason that the contining claims number is improving is that people are dropping off the rolls due to expiration of benefits. So somebody explain to me how THAT is an improvement??? People are falling from the ranks of the unemployed, but for the wrong reasons.
++++++++++++++++++++++

Here's a chart to prove what you're talking about - historic highs for those unemployed a LONG time - and at some point these millions are dropping off the other side of the benefits. AS you say, how is that a good sign exactly??:


116 posted on 04/08/2010 2:00:57 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: skr

“We are beginning to turn around. More Americans are now getting up, getting dressed and going to work.”

For the Census Bureau.
+++++++++++++

Temporarily.


117 posted on 04/08/2010 2:01:59 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Thermalseeker

“I’d like Obamalamadingdong to tell everyone where the incentive to look for work comes from when the current unemployment compensation lasts for ninety nine weeks! “

Think about that, it’s almost 2 years? Can anyone say, permanent underclass...just what these basTURDS want...


118 posted on 04/08/2010 2:03:09 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: AngelesCrestHighway

Keep the change Barry.


119 posted on 04/08/2010 2:04:14 PM PDT by rdl6989 (January 20, 2013- The end of an error.)
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To: BP2

“We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs.”

What, is he in junior high? This aint the time and place for OTJ training you maroon.

We need somebody who knows what they’re doing, as opposed to some community activist socialist bent on destroying America in the WH.


120 posted on 04/08/2010 2:06:56 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: SeekAndFind

250 gajillion. Some people get hired during the week too and don’t file.


121 posted on 04/08/2010 2:07:44 PM PDT by ichabod1 (Can around 25-30% moonbat base really steal the country from us and hold it?)
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To: VanDeKoik

“The cover of the Economist was showing rainbows and proclaiming that “Hope” is back.”

Seriously?


122 posted on 04/08/2010 2:08:33 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Mind-numbed Robot

“They do something more shady with determining inflation now. They use something called “core inflation” which excludes the cost of food and fuel. Now what is more important to people on SS who are supposed to get cost of living increases? However, that saves the politicians a lot of money to spend elsewhere and they exempt themselves from the bad effects of their policies.”

They’re such criminals, really.


123 posted on 04/08/2010 2:19:40 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Truth is a Weapon

“The thing that amazes me is just how much turnover there is in the job market in the US. These are new jobless claims for a week. That means that almost 1,800,000 people lose their jobs in a month. Since the monthly net employment number is around 100,000 jobs lost or created, there is a huge number of jobs being created/destroyed every day. Our economy is really dynamic. The Dems are beating it hard but it just doesn’t want to give up yet.”

Although way less jobs created currently, than we need to help kick out some of the massive un and underemployment numbers.


124 posted on 04/08/2010 2:23:23 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Thermalseeker
There are a finite number of jobs at any level.

There are millions of good conservatives and republicans on lower economic rungs, for millions of different reasons. Maybe some are underachievers, maybe some are maxed out, doing the best they can, but they are conservatives and republicans because they recognize the dangers of socialism. They are more in the marxist's sights than you are but they are standing fast!

Don't sell them short!

125 posted on 04/08/2010 2:54:57 PM PDT by SWAMPSNIPER
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To: Thermalseeker
"Part time jobs I had during that period included, but were not limited to driving cars through an auto auction one night a week, shucking oysters at a bar on Friday and Saturday nights, waiting tables, working as a short order cook, driving a cab, moving furniture for a furniture store, doing yard work, often times for people who I'd just moved furniture for, working construction, working as a life guard, working at a car wash, working as a bar back, then later a bar tender and the list goes on and on."

My hat is off to you, Thermal. You are to be commended on your hard work, success, and early retirement! I am the same age as you; I've been employed since I was 15...often with three or more jobs while going to school earning those "worthless" degrees. I've been a cocktail waitress, riveted ballasts into lighting fixtures, cleaned houses, worked at art museums, worked in a green house, soldered circuit boards, worked as a model, instrumented tanks and helicopters, did private and corporate graphic design, worked at a florist, etc. I work as a software engineer now but I wouldn't trade what I've learned from those experiences. There is work to be done if you are willing to do it. It IS all about life choices.

Others want your level of success - but they are not willing to pay the price. They want no part of the sacrifice, the lack of sleep...the sheer grit and determination. They just want to reap the rewards.

126 posted on 04/08/2010 3:04:33 PM PDT by phelix
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To: SeattleBruce

Oops! Look like they already changed over to the next issue.

But yeah, it was an American flag at the end of a rainbow flowing into a cloud.


127 posted on 04/08/2010 3:39:43 PM PDT by VanDeKoik (Iran doesnt have a 2nd admendment. Ya s ee how that turned out?)
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To: ConjunctionJunction

We turned the corner again...so two lefts now means we are heading backward!

Bush’s fault I’m sure.


128 posted on 04/08/2010 4:22:52 PM PDT by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: MNDude
Just one more stimulus bill should solve the problem.

Stop being a miser FRiend, give it 20 more trys before giving up, we only have a free nation to lose.

Give "the destructor" some time to do his work for crying out loud.

129 posted on 04/08/2010 4:54:37 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Rational Thought

you know it is bad when bankruptcy filings soar.

you know the collapse is near when there is no point to filing bankruptcy anyways.


130 posted on 04/08/2010 5:01:10 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: ConjunctionJunction

Yes, they continue the charade of pretending there is not a pattern to the gov’t’s economic figures. First, put out a bogus ‘everything is coming up roses” report and then depend on government controlled media to not report this to the brain dead unwashed.

However, I cannot understand why Wall Street is falling for this crap. It does have access to the real numbers. I mean, if a good report spikes the DOW shouldn’t a subsequently reported negative revision tank it? Instead the bogus positive report causes it to jump 30 pts and the revised negative report might move the DOW down a pt or two.
I really would like to know who is the man behind the curtain.


131 posted on 04/08/2010 5:08:52 PM PDT by dools007
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To: Thermalseeker

What are your several streams of income if I may ask. Its a good idea which I’ve been kicking around. Ebay, for one. I love yard saleing and find things I know could sell for more on ebay. I want to import these fantasic hand knit sox from Chile. That would help them, and me. Rental income ?


132 posted on 04/08/2010 5:41:29 PM PDT by Red Boots
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To: AngelesCrestHighway

LOL! Love it!


133 posted on 04/08/2010 6:22:24 PM PDT by Anita1 ("Great spirits have always encountered violent opposition from mediocre minds.")
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To: Thermalseeker
I started working in 1976 at the age of 14 at a local county airport as a lineman. Something else happened that year, too. Care to guess what it was? It was the election of Jimmy Carter, that's what. I graduated high school in 1980,

Yeah, I worked at a gas station through high school till I graduated in 1979. I admit it was fun durning the SECOND gas crisis to get to the station early in the morning and sit outside drinking coffee and having a donut while waiting for the clock to strike 6 so we could mosey out and remove the saw horses that blocked our drive. Cars lined the block waiting for us to open and get gas. Our allotment was usually gone my noon. So we'd shut the pumps off and turn away anybody that was still in line or tell them to stay till the next day.

I got bored with that so I joined the Army to kill people. Paid a whopping $419 a month but had great benefits.

;-)

134 posted on 04/08/2010 7:33:04 PM PDT by VeniVidiVici (Alfred E. Neuman for President! Oh, wait a minute ...)
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To: VeniVidiVici
Paid a whopping $419 a month but had great benefits.

The experience was probably priceless.

My company made it though the Carter years(and more) with out laying anyone off. A year and a quarter into the the Obama Administration a considerable number of positions were completely eliminated.

135 posted on 04/08/2010 10:25:08 PM PDT by oyez (The difference in genius and stupidity is that genius has it limits.)
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To: phelix

Hooray for you, seriously!


136 posted on 04/09/2010 3:11:26 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: oyez
Don't worry,

MaObama and Comrade Biden will get the VAT and Crap & Tax passed soon. All that new revenue coming into the Gubbermint will create prosperity way, way beyond Biden’s wildest dreams.

And they will celebrate by granting Amnesty to tens of millions of new Democrats.

Welcome to Amexico.

137 posted on 04/09/2010 3:26:41 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: for-q-clinton
Bush’s fault I’m sure.

Yep, check out this recent poll (don't know if you've seen it already): "Poll: George W. Bush still blamed for economy" http://www.freerepublic.com/focus/f-news/2489115/posts

138 posted on 04/09/2010 4:54:37 AM PDT by ConjunctionJunction (LOLcat sez: "ObamaCare: Do Not Want!")
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To: Red Boots
After I sold my business I bought several commercial income producing properties. Triple net or NNN properties where the tenant pays the taxes, insurance and most of the upkeep on the property. This is my main income stream. I also bought a 70 acre farm. From that I sell hay to horse breeders off a couple of my fields. I also sell some produce, corn and peppers mostly, to a local restaurant and trade with neighbors for eggs. I have a grass strip on my far, along with a couple of hangars. So, I rent hangar space to two different airplane owners. I raise cattle. In addition, I rent shop space to a guy (Airframe and Powerplant mechanic) who does composite repair and refinish, primarily on sailplanes. I do some work with him from time to time when he gets busy. Huge demand for that right now because most of the sailplanes come from Europe and with the exchange rate so upside down with the Euro people are finding it's cheaper to refinish their old birds, rather than buy new. We do other fiberglass refinish, too. I did a refinish on a fiberglass flat water kayak last week. That one was worth $800 for about 25 hours work and about $30 in materials. I've got a couple of wave runners coming in next week for repairs. These will get refinished on the bottom where they've been skinned up from being beached repeatedly. We also buy airplane wrecks from insurance underwriters occasionally and rebuild them, fly them a while, then sell them. We just put a bid in on a wreck that could be worth some serious $$ if we get it. This is tricky because you really have to know what you are looking at to not get burned. I occasionally teach guitar and banjo lessons. About two months ago I was over at a friend of a friends new house checking it out. Their builder had gone bankrupt and had left their new home unfinished. They needed some pocket doors installed and trimmed out and a couple of other minor electrical things wrapped up. (I'm also a licensed electrician and I did a lot of trim carpentry when I was in college). I finished it up for them and made $1500 for roughly 10-12 hours work. That's a few off the top of my head. I've always got 3-4 things like this going on. Always have.

There is work to be had if you have broad skills. People always need things done, even in a weak economy.

139 posted on 04/09/2010 6:42:59 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Soothesayer9
You must feel so special.

Your condescension is not appreciated or necessary. The attitude represented by your words is precisely what is holding you down.

140 posted on 04/09/2010 6:46:30 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: jennyjenny
The fact you feel the need to resort to petty personal insults tells me I know all I need to know about you. ;)

Don't dish it out if you can't take it, honey.....

141 posted on 04/09/2010 6:47:22 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway

These numbers never reflect the un-employed self-employed!


142 posted on 04/09/2010 6:57:30 AM PDT by timetostand (Ya say ya wanna revolution -- OK!)
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To: SWAMPSNIPER

I’m not selling anyone short. Almost everyone has the ability to learn new things, they just lack the desire. I’m merely making an observation that what holds most people back is limitations they place on themselves and it is absolutely true. If you want to achieve success you have to be willing to poke your head through and play on the next level. That might mean traveling to where the work (and money) is. It might mean taking some risks. It always involves developing broad based skills that are marketable. The overwhelming majority of people I meet could be far better off financially if they would spend their idle time doing something productive, as opposed to watching TV, or playing video games, or drinking, or whatever. Opportunity still exists, but you can’t sit back and wait for it to come to you. That will never happen. If you want it you have to make it happen.


143 posted on 04/09/2010 6:58:10 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: SWAMPSNIPER

I think there may be a difference of opinion here on the definition of “success”.


144 posted on 04/09/2010 7:57:42 AM PDT by jennyjenny
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To: Thermalseeker

Good one.


145 posted on 04/09/2010 7:58:14 AM PDT by jennyjenny
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To: jennyjenny
I think there may be a difference of opinion here on the definition of “success”.

I'll compare net worth with you any day of the week. Come to Chattanooga sometime and I'll show you what I mean by success.

146 posted on 04/09/2010 8:02:19 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway
I've begun noticing a pattern, at least in the local paper.

On the morning of the day when they announce the new jobless claims, there's often an article saying that the jobs outlook is improving ... and then there's an announcement like this one, which is labeled a "surprise."

Clearly an attempt at pre-emptive spin.

Question is: how long can the MSM maintain the pretense of being surprised by these "higher-than-expected" results?

147 posted on 04/09/2010 8:06:24 AM PDT by r9etb
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To: Thermalseeker

Your post is inspiring. I am going to start doing this. Thank you for sharing.


148 posted on 04/09/2010 8:15:25 AM PDT by Red Boots
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To: Thermalseeker

I suppose wanting to stay in one place and raise your family personally is sort of backward.


149 posted on 04/09/2010 9:13:43 AM PDT by SWAMPSNIPER (The Second Amendment, A Matter Of Fact, Not a Matter of Opinion)
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To: Thermalseeker
For the life of me I can't figure out why you're taking everything so personally to the point you have to sling insults at me and use a condescending tone. It's not that it bothers me, more that it baffles me.

You can define success, and the achievement of it, any way you like, as can I. You decided to travel far and wide to gain financial success. I decided to figure out a way to do it close to home so that I could participate in my family's life on a daily basis. To me, that was very much a part of the definition. Could I have made more money if I had made the choices you did? Maybe. I wasn't willing to risk the downside of that by skimping on the other responsibilities I had to my family. The result is grown children who are educated, well adjusted, self sufficient, caring, loving, contributing members to society. I also have a very happy marriage to a man I fall in love with more and more every day. Oh yeah, and my net worth is just fine, I assure you, but that's just icing on the cake. I'm not sure I could have achieved all that and met my definition of success by traveling 6 weeks at a time. Maybe you were able to; maybe it wasn't part of your definition; maybe family wasn't even a factor for you.

Just because someone isn't living up to your definition of success doesn't mean they're living a life of mediocrity, as you said I was.

I can list all the jobs I've held since I was 12 and every day since if you like(yes, I too, worked my way through college) but I really don't see the point of it.

I'm sure Chattanooga is lovely but I don't need to go there to see what success looks like. I'm fortunate to see what it looks like right where I am.

150 posted on 04/09/2010 9:39:21 AM PDT by jennyjenny
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