Posts Made By: david elosser

January 26, 2012 08:58 PM Forum: Politics

Newt the liar

Posted By david elosser

He's going after Obama supporters. They love being lied to.

wink
David E

February 1, 2012 10:22 AM Forum: Politics

Here Comes January Jobs Report

Posted By david elosser

Rod Kaufman said:

First, FOX NEWS:
http://www.foxbusiness.com/markets/2012/01/30/facebook-news-key-jobs-report-greet-wall-street-this-week/
Sounds optimistic!
Next up:
CBS:
http://www.cbsnews.com/8301-505123_162-57367866/here-comes-the-january-jobs-report/
I like Fox business news thus far, with a bunch of mean old men guarding our money!

This is optimistic?
"Expectations for January are for 135,000 new jobs created in the first month of the year, which is nice, but it's not enough to put a dent in the unemployment rate, nor will it get 13.1 million Americans back to work any time soon. The unemployment rate is expected to remain at 8.5 percent. (Geek alert: This monthly release will also introduce revisions to previous reports.)"


David E

February 3, 2012 02:54 PM Forum: Politics

Interesting IF ADP Got It Right

Posted By david elosser

Nobody wants to see the unemployment rate drop more than I do. But getting the rate lower by discouraging people to look for work is no way to do it. The adult work force is now below 64%, that's a 30-year low. And a record number of people, 1.2 million, gave up looking for work last month. In the words of a famous Star Wars character: This is some rescue!

David E

March 7, 2012 10:29 AM Forum: Politics

Limbaugh

Posted By david elosser

Patrick Keafer said:

Boy, did he step in it or what?

http://politicalticker.blogs.cnn.com/2012/03/05/limbaugh-advertisers-jump-ship/?hpt=hp_t3

More Limbaugh advertisers jump ship

Boy did Carbonite step in it or what?
http://dailycaller.com/2012/03/06/investors-flee-carbonite-after-limbaugh-announcement/

David E

April 16, 2012 09:24 AM Forum: Politics

US Turns Profit From Bailouts

Posted By david elosser

First of all, the numbers quoted in that article are wrong. The GM and Chrysler bailout did not cost only $22 billion, it cost over $60 billion, not including what Canada contributed and the more than $8 billion we loaned GM to reopen and re-tool the Volt plant which was an unmitigated disaster. Still, let's take their numbers at face value. According to that very article, this recession wiped out $19.2 Trillion dollars of our wealth. And the govment is saying it "earned" $2 billion with the bailouts? What kind of deal is that? If that's satisfactory with you Rod, please send me a few hundred thousand dollars and I'll invest it for you. I can get you at least that kind of return! 8O

David E

April 17, 2012 09:32 AM Forum: Politics

Oil Crude Oversupplied

Posted By david elosser

Oil may be in "oversupply," but gasoline is not, Obama is shutting down domestic oil refineries, just as promised:
http://www.consumerenergyreport.com/2012/01/31/refinery-closures-lead-to-rising-gas-prices-and-job-losses/

David E

April 27, 2012 01:09 PM Forum: Politics

Farm chores

Posted By david elosser

http://dailycaller.com/2012/04/26/amid-nationwide-outcry-labor-dept-withdraws-farm-child-labor-rule/

David E

April 27, 2012 07:40 PM Forum: Politics

Yup, They Earned It

Posted By david elosser

Rod Kaufman said:

The Lehman Bros collapse plunged the world economy into severe recession but...
http://www.latimes.com/business/la-fi-compensation-20120427,0,6481155.story

"Less than a year before the 2008 collapse of Lehman Bros. plunged the global economy into a terrifying free fall..."

Well, SHAZZAM! And all this time Obama's been blamin' Bush for the recession!

April 30, 2012 05:19 AM Forum: Politics

Flip and American Companies in China

Posted By david elosser

While former American car dealers are sueing the Flip-Obama administration:
http://online.wsj.com/article/SB10001424052702304811304577366292306078480.html GM is taking some of our bailout tax dollars and opening up 600 new dealerships in China! http://www.washingtonpost.com/business/gm-to-add-600-dealerships-to-china-network-expand-production-introduce-a-cadillac-a-year/2012/04/23/gIQAk9QkbT_story.html And guess what, they are going to make Cadillacs there too! "We fundamentally believe in the strength of the Chinese market," Akerson said during the Beijing auto show.

David E

June 2, 2012 07:14 PM Forum: Politics

My Weapons Systems Wish List

Posted By david elosser

Rod Kaufman said:

While it's obvious that Mitt and company intend to get the jobs back on track by way of a massive buildup in the military-industrial complex to the tune of 2.1 trillion dollars (3 trillion with the obligatory cost overruns factored in), what is not so obvious is why the unemployment rate dumped so much yesterday. For those who haven't been keeping up on current events, the rate spiked because the majors players in Europe (Britain, Spain, France, etc) are in an economic recession, as per the news. Since we export a lot of our manufactured goods to Europe and the countries over there can't buy them, US companies aren't hiring because European countries aren't buying.

I don't know where that comes from. Exports to Europe are still at much higher levels than they were in 2009, and the manufacturing sector actually added jobs last month (although the growth in the US manfacturing sector is starting to slow as plants reach 80%+ output capacity.) Manufacturing is really the only bright spot in our economy right now. Although some are still struggling, other companies like Ratheon and 3M are having a tough time finding skilled domestic workers. Foreign-owned Mercedes-Benz has the same problem. Although China has undoubtedly slowed, it's economy is still going at a sizzling 8% GDP annual growth rate. (Ours struggles to maintain a paltry 2%.) IMO the real reason our unemployment rate remains high is because we have less than 4 million job openings a month to accomodate 13 million people looking for those jobs.

David E