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The Obama Boom: Thanks to “Seasonal Adjustments” economy added 163,000 jobs in July but rate goes up to 8.3%

by Rodan ( 92 Comments › )
Filed under Economy, unemployment at August 3rd, 2012 - 10:18 am

The Obama Boom continues to defy all economic logic. Just when you think the media is giving up on the booming economy theme the Obama Regime puts out a jobs report that makes the media cheer! According to the BLS, the economy added 163,000 jobs. That’s right, despite falling consumer spending, declining factory orders and an anemic GDP growth of 1.5% the economy added more jobs in June than July. Yet despite this increase in jobs, unemployment went up to 8.3%. The U6 number is up to 15%.  So what gives? This article explains what occurred.

The U.S. economy followed up a weak second quarter by creating more jobs than expected with 163,000 new positions added in July, but the unemployment rate rose to 8.3 percent.

Markets reacted positively to the announcement, with the stock market surging at the open and safe-haven bond prices plunging. Economists had been expecting 100,000 new jobs.

As the country struggles to gain growth traction, the unemployment rate held above 8 percent for the 41st consecutive month, according to the latest report from the Bureau of Labor Statistics.

[....]

Despite the seemingly good news, the report’s household survey showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments in the establishment survey. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.

The household survey also showed 150,000 fewer Americans in the workforce.

[....]

On a national level, that more encompassing rate edged higher to 15.0 percent.

The household survey showed a drop of 195,000, thus an increase in unemployment. So where did the 163,000 jobs created come from? The BLS used seasonal adjustments to come up with the 163,000 figure. This means that 163,000 jobs where probably not created or the number is lower. Zerohedge explains the seasonal adjustments numbers.

Happy by the headline establishment survey print of 133,245 which says that the US “added” 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million drop from the June print. So how did the smoothing work out to make a real plunge into an “adjusted” rise? Simple: the BLS “added” 377K jobs for seasonal purposes. This was the largest seasonal addition in the past decade for a July NFP print in the past decade, possibly ever, as the first chart below shows. But wait, there’s more: the Birth Death adjustment, which adds to the NSA Print to get to the final number, was +52k. How does this compare to July 2011? It is about 1000% higher: the last B/D adjustment was a tiny +5K! In other words, of the 163,000 jobs “added”, 429,000 were based on purely statistical fudging. Doesn’t matter – the flashing red headline is good enough for the algos.

(Hat Tip: Macduff)

In other words, the 163,000 jobs are pure fiction. But it will not matter. The average Joe who is non political and economically ignorant will hear 163,000 jobs created and the media spin that the economy is roaring. This headline will help Obama. Many Conservatives think this election is a slam dunk. It’s not and this number even while make believe will be used to prove the Obama Boom is alive an well.

Do not underestimate what we are up against!

We here at Blogmocracy may know the truth but that doesn’t mean the general public does. We need to spread the truth to our neighbors and friends. It is up to us to counter the propaganda of the Pharonic Regime.

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92 Responses to “The Obama Boom: Thanks to “Seasonal Adjustments” economy added 163,000 jobs in July but rate goes up to 8.3%”
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  1. lobo91
    1 | August 3, 2012 10:32 am

    Reposted from a previous thread--

    Speaking of Labor Department games:

    GOP: White House pressuring defense industry not to warn of layoffs

    Republicans on Tuesday accused the White House of trying to “intimidate” defense companies into keeping silent about major job losses if automatic military spending cuts take effect early next year, after the administration said Monday that it would be “inappropriate” for employers to warn workers of layoffs.

    Defense industry officials were caught in the middle, trying to weigh the requirements of a federal law that says they must give employees 60 days’ notice before major layoffs versus the Labor Department, which said Monday that it doesn’t believe the law applies in this case.

    “The stakes are very high and there are still questions on everyone’s minds. Is this [Labor Department guidance] definitive? Is this something we can now take without fear of judicial contradiction? I don’t think the answer to that is yes. There are still too many questions,” one industry official said on the condition of anonymity.

    The automatic defense cuts, which are looming because a deficit supercommittee failed last year to strike a deal, have become a major political headache for President Obama and Congress.

    In an effort to head off at least some of the pain, the White House said Tuesday that military personnel will be spared from the cuts — but that means trims will have to be deeper for military weapons systems and infrastructure.

    Those cuts could jeopardize tens of thousands of private-sector jobs, and the 60 days’ notice requirement means companies would be alerting their employees of potential layoffs just days before voters go to the polls in November.

    Republicans are eager for the warnings, saying it will put pressure on Democrats to cancel the cuts. They urged businesses to stay the course.

    “I think they should follow the law and do their duty and not yield to the intimidation,” Sen. John Cornyn, Texas Republican and a member of the Senate Armed Services Committee, told reporters.


  2. 2 | August 3, 2012 10:36 am

    @ lobo91:

    Yup, they are trying to create the illusion of an economic boom at least till November.


  3. lobo91
    3 | August 3, 2012 10:40 am

    @ Rodan:

    They’ve pretty much gone over the line with that one.

    They’re actually telling private companies to ignore a federal law, just so it won’t make them look bad before the election.


  4. RIX
    4 | August 3, 2012 10:41 am

    “This is unprecedented job growth! The rise in unemployment
    was unexpected”
    That’s how they cover for Obama, with language.


  5. lobo91
    5 | August 3, 2012 10:45 am

    @ RIX:

    You know, at some point, people should start to wonder why so much stuff is “unexpected” with this administration…


  6. 6 | August 3, 2012 10:49 am

    lobo91 wrote:

    @ RIX:
    You know, at some point, people should start to wonder why so much stuff is “unexpected” with this administration…

    After 41 straight months of Unexpected if they haven’t caught on yet, they never will.


  7. 7 | August 3, 2012 10:53 am

    Wal@ lobo91:

    Yet nothing will happen. Obama has shield wall the likes of which I have never seen in politics.


  8. huckfunn
    8 | August 3, 2012 10:55 am

    RIX wrote:

    “This is unprecedented job growth! The rise in unemployment
    was unexpected”
    That’s how they cover for Obama, with language.

    But, wait… this is “further evidence that the U.S. economy is continuing to recover”… Guffaw.

    “While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression,” Alen Krueger, chair of the White House Council of Economic Advisers, wrote.


  9. lobo91
    9 | August 3, 2012 10:57 am

    @ huckfunn:

    And the front page of the Weekly World News was further proof that “Bat-Boy” was real, too…


  10. buzzsawmonkey
    10 | August 3, 2012 11:00 am

    Semi-OT, but it does affect an employer:

    The Civil Rights Agenda files complaints against Chick-fil-A

    The Civil Rights Agenda, a local [Chicago] LGBT rights advocacy group, filed multiple complaints with the Illinois Department of Human Rights Thursday, alleging that the Atlanta-based Chick-fil-A restaurant chain’s “intolerant corporate culture” violates Illinois law and a provision in the state’s Human Rights Act. (emphasis added)

    You know what I’ve said about “human rights” versus civil rights, and about the gay-rights movement being a “human rights” (special privileges) movement.

    If you’ve missed my comments on the history of the gay-rights movement and the nature of the push for same-sex marriage, you can see them in short form at post #51 here.


  11. 11 | August 3, 2012 11:01 am

    Wall Street has bought into the economy is booming theme!


  12. huckfunn
    12 | August 3, 2012 11:01 am

    @ lobo91:
    I wish they’d bring WWN back. That outfit was a hoot.

    Do you launch back to The World on Monday?


  13. 13 | August 3, 2012 11:03 am

    Terrific job in the dissection of these numbers! Basically, they just took people hired in previous months, adjusted those months down, and restated it all as being a massive July hire. We do this every month, and we can show massive booms up until November with a corresponding increase in the real unemployment rate.


  14. 14 | August 3, 2012 11:09 am

    Of course this still doesn’t count all of the people who have stopped looking for work. They’ve become unpersons. They look bad for the regiem, so they are ignored by the MFM. Not even Fox mentions them.


  15. 15 | August 3, 2012 11:09 am

    @ Flyovercountry:

    These numbers are garbage. It’s not based in reality.


  16. lobo91
    16 | August 3, 2012 11:09 am

    @ huckfunn:

    A week from Monday.


  17. 17 | August 3, 2012 11:10 am

    @ Iron Fist:

    U6 went up to 15%. The labor participation rate went down as well.


  18. lobo91
    18 | August 3, 2012 11:11 am

    @ Iron Fist:

    “You can’t handle the truth!”


  19. huckfunn
    19 | August 3, 2012 11:11 am

    @ Iron Fist:
    @ Flyovercountry:
    @ Rodan:
    Also, see Cold’s Special Report on U-6. Those are the real numbers.


  20. 20 | August 3, 2012 11:17 am

    @ Rodan:

    It doesn’t even qualify as, “Alice in Wonderland,” quality.


  21. heysoos
    21 | August 3, 2012 11:18 am

    meanwhile congress is about to take another 5 week vacation…what’s the point…I hate these guys


  22. RIX
    22 | August 3, 2012 11:19 am

    lobo91 wrote:

    @ RIX:
    You know, at some point, people should start to wonder why so much stuff is “unexpected” with this administration…

    Yeah, & why is only bad news unexpected & all
    of the good things unprecedented?
    Four years of blaming Bush, earthquakes, Euro economics.
    & ATM machines & the race is close?


  23. huckfunn
    23 | August 3, 2012 11:19 am

    Right outside my study window, the hummingbirds are going wild over some bright red flowers Mrs. Funn planted. The petals are sort of tubular. There are 2 tribes of hummingbirds enjoying the feast. 1 tribe is totally green. the other tribe has a black head. Ever seen hummingbirds in a street fight?


  24. lobo91
    24 | August 3, 2012 11:19 am

    heysoos wrote:

    meanwhile congress is about to take another 5 week vacation…what’s the point…I hate these guys

    Would you rather have them in session screwing more stuff up?


  25. RIX
    25 | August 3, 2012 11:21 am

    @ huckfunn:
    They have no shame. I would call Obama a failure, but
    I think that his destruction is willfull.


  26. heysoos
    26 | August 3, 2012 11:23 am

    @ lobo91:
    who cares…I gave up a long time ago…my pessimism is off the scale


  27. 27 | August 3, 2012 11:23 am

    huckfunn wrote:

    Ever seen hummingbirds in a street fight?

    I’m seeing “West Side Story”……..with hummingbirds.


  28. huckfunn
    28 | August 3, 2012 11:24 am

    @ heysoos:
    @ lobo91:
    Obammy’s DOE doubles down on teh schtoopid.
    Energy Dept. spends $43 billion on researching better electric car batteries

    Despite poor sales and a lack of demand leading to low production of electric vehicles, the Obama administration continues to demonstrate — with its words and the taxpayer checkbook — that it believes clean energy innovation will almost exclusively be achieved through government sponsorship.

    Obama consistently says on the campaign trail that he is not willing to cede the clean energy race to another nation like China — a country. Conservatives argue that such innovation should be driven by supply and demand in the private sector so that taxpayer funds are not risked. (RELATED: China slows solar, wind expansion undermining White House green PR strategy)

    “These cutting-edge projects could transform our energy infrastructure, dramatically reduce our reliance on imported oil and increase American energy security,” Chu said.


  29. huckfunn
    29 | August 3, 2012 11:25 am

    RIX wrote:

    @ huckfunn:
    They have no shame. I would call Obama a failure, but
    I think that his destruction is willfull.

    Yes, but there’s still more work to be done. /// groan.


  30. lobo91
    30 | August 3, 2012 11:31 am

    @ huckfunn:

    “These cutting-edge projects could transform our energy infrastructure, dramatically reduce our reliance on imported oil and increase American energy security,” Chu said.

    And monkeys could fly out of my butt, too…


  31. citizen_q
    31 | August 3, 2012 11:32 am

    heysoos wrote:

    meanwhile congress is about to take another 5 week vacation…what’s the point…I hate these guys

    I like them being on vacation.

    Less damage is done when they are away.


  32. huckfunn
    32 | August 3, 2012 11:35 am

    lobo91 wrote:

    @ huckfunn:

    “These cutting-edge projects could transform our energy infrastructure, dramatically reduce our reliance on imported oil and increase American energy security,” Chu said.

    And monkeys could fly out of my butt, too…

    Chu is a total lunatic. While our military is about to go down in flames due to sequestration, Chu spent untold millions on biofuels for the all new eeek-o Green Fleet. Madness.


  33. 33 | August 3, 2012 11:38 am

    @ huckfunn:

    I read a piece yesterday about the Federal Government continuing their spree of buying cars (even though there are literally garages full of the damned things that are unused. It said there’s now a government car for every seven employees.

    Even in the face of imminent fiscal insolvency, there’s absolutely no signs of even a token reduction….nay, new avenues are being found for the senseless, obscene and, in my opinion, criminal profligacy.


  34. lobo91
    34 | August 3, 2012 11:40 am

    @ MacDuff:

    I read a piece yesterday about the Federal Government continuing their spree of buying cars (even though there are literally garages full of the damned things that are unused. It said there’s now a government car for every seven employees.

    They have to do something with all those cars GM is building that nobody wants…


  35. huckfunn
    35 | August 3, 2012 11:42 am

    Haw!


  36. lobo91
    36 | August 3, 2012 11:42 am

    @ huckfunn:

    Obama consistently says on the campaign trail that he is not willing to cede the clean energy race to another nation like China

    Is that the same China that’s building a new coal-fired powerplant every week?


  37. 37 | August 3, 2012 11:44 am

    RIX wrote:

    Yeah, & why is only bad news unexpected & all
    of the good things unprecedented?
    Four years of blaming Bush, earthquakes, Euro economics.
    & ATM machines & the race is close?

    Is it wrong for me to say that there is a dark part of me that wishes mass suicides on the part of the FCTM™ upon Обама’s defeat at the polls?


  38. buzzsawmonkey
    38 | August 3, 2012 11:44 am

    The plaintiffs (SEIU, Obama for America, etc.) in the Ohio voter-ID case are claiming that it is unconstitutional to require signatures of voters using provisional ballots to match.

    Forget “photo ID”; they’ve ramped it up to a whole new level.


  39. 39 | August 3, 2012 11:45 am

    MacDuff wrote:

    It said there’s now a government car for every seven employees.

    Give Обама time and that ratio will go 1:1….


  40. huckfunn
    40 | August 3, 2012 11:45 am

    @ MacDuff:
    Yep. As of 2 weeks ago there was a 135 day supply of GM cars sitting in dealer lots, while the industry standard is about half of that. And all of that over-stock went on the books as “sold” when it left the factory.


  41. huckfunn
    41 | August 3, 2012 11:48 am

    lobo91 wrote:

    @ huckfunn:

    Obama consistently says on the campaign trail that he is not willing to cede the clean energy race to another nation like China

    Is that the same China that’s building a new coal-fired powerplant every week?

    That would be the same China. I guess now Obama can claim that he won the race. :roll:


  42. 42 | August 3, 2012 11:48 am

    jb@ huckfunn:
    Instapundit has been reporting that there is an equally well-sourced rumor that Harry Reid is a pederast. Reid hasn’t denied it.


  43. 43 | August 3, 2012 11:49 am

    @ huckfunn:

    The other day I went to a mall for lunch, and outside the Food Court there was a brand new GMC Sierra 4-door pickup truck, fully loaded! And how much did the sticker say?

    FIFTY-FIVE THOUSAND DAMNED DOLLARS!
    Let that sink in.
    FIFTY-FIVE THOUSAND DAMNED DOLLARS!


  44. buzzsawmonkey
    44 | August 3, 2012 11:49 am

    @ Macker:

    That’s one high Sierra.


  45. 45 | August 3, 2012 11:50 am

    @ buzzsawmonkey:

    BOOOOOOOOOOOOOOOOOOO!!


  46. 46 | August 3, 2012 11:51 am

    @ buzzsawmonkey:
    They might as well say that anything that prevents voter fraud is unconstitutional. That is what they really mean. Like I’ve been saying, anyone who is against voter ID is pro-voter fraud. Period.


  47. huckfunn
    47 | August 3, 2012 11:52 am

    @ Macker:
    Yikes! I just looked at the Kelly Blue value on my ’08 Tundra with 60k miles and its value is exactly what I bought it for almost 2 years ago.


  48. huckfunn
    48 | August 3, 2012 11:54 am

    Iron Fist wrote:

    jb@ huckfunn:
    Instapundit has been reporting that there is an equally well-sourced rumor that Harry Reid is a pederast. Reid hasn’t denied it.

    He’s a complete piece of shit.


  49. RIX
    49 | August 3, 2012 11:54 am

    @ Macker:

    Is it wrong for me to say that there is a dark part of me that wishes mass suicides on the part of the FCTM™ upon Обама’s defeat at the polls?

    You will of course now be reported to Harry Ried,


  50. 50 | August 3, 2012 11:55 am

    huckfunn wrote:

    Yikes! I just looked at the Kelly Blue value on my ’08 Tundra with 60k miles and its value is exactly what I bought it for almost 2 years ago.

    Thanks to Cash For Clunkers…eliminating an entire generation of used cars, thus driving up the prices on those now being turned in.


  51. 51 | August 3, 2012 11:55 am

    @ RIX:

    [Deleted]


  52. 52 | August 3, 2012 11:56 am

    OFF TOPIC: USA 156, Nigeria 73….


  53. buzzsawmonkey
    53 | August 3, 2012 12:00 pm

    Macker wrote:

    Cash For Clunkers…eliminating an entire generation of used cars

    Eliminating an entire generation of used cars with Cash for Clunkers.

    Eliminating several generations of children’s books by outlawing pre-1985 books on “safety” grounds because of supposed levels of lead in the printing ink.

    Eliminating incandescent light bulbs on the grounds that they use too much electricity and are not therefore “green” enough.

    Eliminating electricity by causing coal-fired plants to close.

    Eliminating the coal industry by causing the market—coal-fired plants—to disappear.

    Eliminating freedom of travel by restricting the availability of gasoline through diminished petroleum production.


  54. Guggi
    54 | August 3, 2012 12:01 pm

    lobo91 wrote:

    Is that the same China that’s building a new coal-fired powerplant every week?

    They are now changing their policy to natural gas.


  55. RIX
    55 | August 3, 2012 12:02 pm

    Later Gators!


  56. huckfunn
    56 | August 3, 2012 12:04 pm

    RIX wrote:

    Later Gators!

    I’ve also gotta go. I’ve been batching it for the past week and I need to shovel this place out before wife gets home.

    Later.


  57. lobo91
    57 | August 3, 2012 12:05 pm

    Guggi wrote:

    lobo91 wrote:

    Is that the same China that’s building a new coal-fired powerplant every week?

    They are now changing their policy to natural gas.

    Must be cheaper. They wouldn’t switch for any other reason.


  58. heysoos
    58 | August 3, 2012 12:05 pm

    Macker wrote:

    @ huckfunn:
    The other day I went to a mall for lunch, and outside the Food Court there was a brand new GMC Sierra 4-door pickup truck, fully loaded! And how much did the sticker say?
    FIFTY-FIVE THOUSAND DAMNED DOLLARS!
    Let that sink in.
    FIFTY-FIVE THOUSAND DAMNED DOLLARS!

    my brother in law owns the Chevy version…I don’t say it’s worth it, but it is one hell of a nice truck


  59. citizen_q
    59 | August 3, 2012 12:16 pm

    lobo91 wrote:

    Guggi wrote:

    lobo91 wrote:
    Is that the same China that’s building a new coal-fired powerplant every week?
    They are now changing their policy to natural gas.

    Must be cheaper. They wouldn’t switch for any other reason.

    Maybe they are running out of coal miners? /

    A dangerous profession to begin with, but it must especially be as it must be done in China. I have seen several stories of horrific accidents.


  60. lobo91
    60 | August 3, 2012 12:20 pm

    @ citizen_q:

    Someone should send OSHA after them…


  61. citizen_q
    61 | August 3, 2012 12:22 pm

    @ lobo91:
    That would make for some interesting theater.


  62. lobo91
    62 | August 3, 2012 12:26 pm

    citizen_q wrote:

    @ lobo91:
    That would make for some interesting theater.

    Or target practice…


  63. lobo91
    63 | August 3, 2012 12:29 pm

    @ citizen_q:

    I don’t know…does OSHA have a SWAT team? It seems like just about every other federal agency does now.


  64. The Osprey
    64 | August 3, 2012 12:39 pm

    buzzsawmonkey wrote:

    Eliminating several generations of children’s books by outlawing pre-1985 books on “safety” grounds because of supposed levels of lead in the printing ink.

    Something very Orwellian/”Fahrenheit 451″ ish about this.


  65. buzzsawmonkey
    65 | August 3, 2012 12:48 pm

    The Osprey wrote:

    Something very Orwellian/”Fahrenheit 451″ ish about this.

    Yes. About all of it, actually—because all of it goes to eliminating the past America that we grew up in, and any record of it.

    As O’Brien says to Winston Smith in 1984, “He who controls the past controls the future. He who controls the present controls the past.”


  66. Lily
    66 | August 3, 2012 12:56 pm

    Okay off-topic but Will Ferral is taking this hard. LOL! Watch video.
    So sad…too bad. :)

    http://fox411.blogs.foxnews.com/post/28628688520/will-ferrell-broke-down-on-conan-thursday-night?intcmp=features


  67. Lily
    67 | August 3, 2012 12:59 pm

    @ Lily:

    Trampvire? :lol:


  68. Lily
    68 | August 3, 2012 1:04 pm

    Oh dear I have killed the thread with some Friday humor. :(


  69. MikeA
    69 | August 3, 2012 1:08 pm

    @ Lily:

    It’s dead Jim!!!!


  70. citizen_q
    70 | August 3, 2012 1:12 pm

    lobo91 wrote:

    @ citizen_q:
    I don’t know…does OSHA have a SWAT team? It seems like just about every other federal agency does now.

    Don’t know, but the thought of the goings on at an OSHA inspection at just about any Chinese work place would be hilarious.

    I think you have an idea for a new reality show.


  71. Lily
    71 | August 3, 2012 1:12 pm

    @ MikeA:

    I know :lol: and here I was trying to lift it up with a funny about the absurd media about the two young stars. They are really over doing this. Damn ….young 20 year olds break up all the time. ;)


  72. 72 | August 3, 2012 1:13 pm

    @ Lily:
    I think the thread was dead before you got here…


  73. Lily
    73 | August 3, 2012 1:15 pm

    Iron Fist wrote:

    @ Lily:
    I think the thread was dead before you got here…

    Gosh just me thinking about posting on a thread…kills it????
    /dear heavens what does that make me???
    Well I always say if you are going to do something do it right. Now I only have to think about posting…dead. ;)


  74. Lily
    74 | August 3, 2012 1:17 pm

    @ Lily:

    Or maybe it’s just Friday. ;)


  75. citizen_q
    75 | August 3, 2012 1:19 pm

    Lily wrote:

    @ Lily:
    Or maybe it’s just Friday.

    Sunspots? /


  76. Lily
    76 | August 3, 2012 1:21 pm

    @ citizen_q:

    Dog days of August? Probably sunspots! 8-)


  77. Lily
    77 | August 3, 2012 1:27 pm

    And this story just will not go away because of the media…this is insanity.

    http://weaselzippers.us/2012/08/03/chick-fil-a-restaurant-vandalized-with-tastes-like-hate-graffiti-hours-before-lgbt-kiss-in/


  78. 78 | August 3, 2012 1:28 pm

    buzzsawmonkey wrote:

    The Osprey wrote:

    Something very Orwellian/”Fahrenheit 451″ ish about this.

    Yes. About all of it, actually—because all of it goes to eliminating the past America that we grew up in, and any record of it.

    As O’Brien says to Winston Smith in 1984, “He who controls the past controls the future. He who controls the present controls the past.”

    Kinda like Islam too, wouldn’t you agree?


  79. Lily
    79 | August 3, 2012 1:32 pm

    Honestly really they are going to double-down on this? Obama seems crazier and crazier each and every day. Idiots. I smell desperation in the air in the obama campagin. Good.

    Obama-Tied Think Tank Center For American Progress Kicks The Rhetoric Up A Few Million Notches: “Romney Would Kill 360,000″ People…

    The Center for American Progress this morning fired a warning into reporters inboxes this morning about the danger of a Romney presidency.

    “ANALYSIS: Romney would kill 360,000 in 2013 alone,” the email warned.

    http://weaselzippers.us/2012/08/03/obama-tied-think-tank-center-for-american-progress-kicks-the-rhetoric-up-a-few-million-notches-romney-would-kill-360000-people/


  80. Lily
    80 | August 3, 2012 1:35 pm

    @ Lily:

    Which reminds me of this….for some reason.


  81. Lily
    81 | August 3, 2012 1:41 pm

    Dear heavens…guys..I think it is dead Jim. The CPR is just not working! ;)


  82. 82 | August 3, 2012 1:44 pm

    What a wonderful fucking day in the market it is today. the Market-Maker Knight through corruption and incompetence lose $440 billion dollars yesterday and is now taking it out on the micro-cap and small-cap companies by naked shorting their investors.

    For those watching the Market, yes today’s surge can be attributed to Knights attempting to naked short numerous blue chip’s yesterday and failing. Hence their loss of $440 billion dollars and the market’s gain of 200+ points on a day when it should be down around -30 or so.

    There was a time when I foolishly and naively believed that because God himself coveted Justice, that the sociopaths at companies like Knight would eventually find themselves subject to prosecution by the SEC. But then I woke up and realized that when it comes to the Stock Market, God just doesn’t care, and the SEC is 100 percent paid off by the likes of Knight to look the other way while investors are robbed blind while expecting the SEC to protect them from criminals like Knight.


  83. Lily
    83 | August 3, 2012 1:45 pm

    It is worse than dead Jim!!!


  84. Lily
    84 | August 3, 2012 1:47 pm

    @ doriangrey:

    It isn’t that God doesn’t care…if he doesn’t pay in this world he will in the next.


  85. lobo91
    85 | August 3, 2012 1:48 pm

    @ Lily:

    CFAP isn’t a “think tank,” it’s a Soros-funded left-wing propaganda factory.


  86. 86 | August 3, 2012 1:49 pm

    @ Lily:

    Cue Alexander Courage Music….


  87. Lily
    87 | August 3, 2012 1:50 pm

    lobo91 wrote:

    @ Lily:

    CFAP isn’t a “think tank,” it’s a Soros-funded left-wing propaganda factory.

    Figures.. I am not certainly not surprised.


  88. lobo91
    88 | August 3, 2012 2:07 pm

    @ Lily:

    Media Matters is one of its spin-offs, as well as the left-wing blog Think Progress.

    It’s run by former Clintonista John Podesta, and Hillary CLinton is on the board.


  89. 89 | August 3, 2012 2:12 pm

    @ lobo91:
    Actually, I think they’re trying to bait companies into agreeing with the warning hold-off. If the companies take the bait the same White House bureaucrats will later slam those companies for non compliance of the labor law. That will make the Defense contractors the EVIL ones.


  90. 90 | August 3, 2012 2:18 pm

    @ Peter:

    One would hope that said companies retain attorneys and record every. Single. Frakking. Message. the White House sends.


  91. lobo91
    91 | August 3, 2012 2:19 pm

    @ Peter:

    Maybe, but Labor put the policy in writing in the form of letters sent to the companies in question.

    That would be kind of hard to explain…


  92. lobo91
    92 | August 3, 2012 2:19 pm

    @ Macker:

    The article had a link to a copy of the letter.


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