Is this finally the economic collapse? -- CNN

[Winky]

You see that blue line?
as the future of this Obamanation unfolds
watch as it climbs to 14%

 

[Winky]

The commie take over is nearly there via economic collapse?

1. Abolition of private property.
2. Heavy progressive income tax.
3. Abolition of all rights on inheritance.
4. Confiscation of property of all emigrants and rebels.
5. Central bank.
6. Government control of Communications & Transportation.
7. Government ownership of factories and agriculture.
8. Government control of labor.
9. Corporate farms, regional planning.
10. Government control of education.

 

[MrBishop]

In July, the number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 6.6 million. These individuals made up 44.9 percent of unemployed persons.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged over the month at 8.5 million but has declined by 623,000 since April. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

Total nonfarm payroll employment decreased by 131,000 in July, reflecting the departure of 143,000 temporary Census 2010 workers from federal government payrolls. Total private employment edged up over the month (+71,000). Thus far this year, private sector employment has increased by 630,000, with about two-thirds of the gain occurring in March and April.

Manufacturing employment increased by 36,000 over the month. Motor vehicles and parts had fewer seasonal layoffs than normal for July, contributing to a seasonally adjusted employment increase of 21,000. The industry had added 32,000 jobs in the first 6 months of the year. In July, employment in fabricated metals rose by 9,000. Manufacturing employment has expanded by 183,000 since December 2009.

Health care added 27,000 jobs in July. Over the past 12 months, health care employment has risen by 231,000. Employment in transportation and warehousing edged up by 12,000. Since a recent low in February, transportation and warehousing has added 56,000 jobs.

Mining employment rose by 7,000 in July, with the gain concentrated in support activities for mining. Mining has added 63,000 jobs since October 2009.

Employment in professional and business services was little changed (-13,000) in July. The number of jobs in temporary help services showed little movement (-6,000) over the month.

Employment in financial activities continued to trend down in July, with a decline of 17,000. So far this year, monthly job losses in the industry have averaged 12,000, compared with an average monthly job loss of 29,000 for all of 2009.

Construction employment changed little (-11,000) in July; 10,000 construction workers were off payrolls due to strike activity.

Employment in other private-sector industries, including wholesale trade, retail trade, information, and leisure and hospitality showed little change in July.

Government employment fell by 202,000 in July, largely reflecting the loss of 143,000 temporary workers hired for Census 2010. Employment in both state and local governments edged down over the month.

Bold is mine.

The gvt is cutting down it's size. Close to 60k in cuts above and beyond the census cuts.

 

[Winky]

Millions and mllions and millions of

jobs lost

and every action of this regime is targeted at
losing more.

Just what Americans need during a depression.

 

[Winky]

So Bish and all them other Liberals

So when do you spend more money to buy stuff thereby stimulating the economy?

Back when you had a job and Tax cuts put more money in you paycheck

or

Now your paycheck has been reduced or you’ve lost your job altogether
and after the first of the year the amount of taxes taken from your already shrunken
paycheck will increase an astounding amount?

Which is a better scenario?

No that won't help one bit to improve the situation.

 

[Gonz]

Obama's forecast model said pass this bazillion dollar boondoggle, RIGHT AWAY, and we won't go over 8% unemployment.

 

[Winky]

This country is finished
the fat Lady is waiting in the wings
It won't matter who gets in office
we are done for.

 

[Gonz]

For you Winks

 

[Winky]

Economic collapse? nah its socialism get used to it.

For you Gonzomatic

 

[chcr]

LOL