Yea I know, I know; it’s a LIE!

[ChasC5]

Bernanke: Recovery finally taking hold



Bernanke: Recovery finally taking hold - Jan. 7, 2011


The U.S. economic recovery is finally getting stronger, Federal Reserve Chairman Ben Bernanke said Friday morning.

Bernanke, in remarks prepared for testimony before the Senate Budget Committee, said there is increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold.

0Email Print Comment"Overall the pace of economic recovery seems likely to be moderately stronger in 2011 than it was in 2010," he said.

But he said a rebound in employment remains elusive, and that unemployment is likely to remain close to 8% two years from now.

"Persistently high unemployment, by damping household income and confidence, could threaten the strength and sustainability of the recovery," he said.

The remarks came just an hour after the Labor Department reported that unemployment had dropped to 9.4% in December from 9.8%. Still, the number of jobs added was lower than expectations.

Bernanke said it is important that Congress change fiscal policy over the long-term to address the growing federal deficit.

"It is widely understood that the federal government is on an unsustainable fiscal path," he said. "Yet, as a nation, we have done little to address this critical threat to our economy."

However he cautioned against too much belt-tightening now

"In their planning for the near term, fiscal policymakers will need to continue to take into account the low level of economic activity and the still-fragile nature of the economic recovery," he said.

[Peter Pan]

CNBC Host Chides NYT and Dems for Opposing Constitution Reading | The Blaze

Media
CNBC Host Chides NYT and Dems for Opposing Constitution Reading
Posted on January 7, 2011 at 8:36am by Jonathon M. Seidl Print » Email » CNBC’s Rick Santelli is known for his conservative-leaning rant. Readers may remember his impassioned speech on the floor of the Chicago Mercantile Exchange in 2009, in which he suggested a “tea party.” It was that speech that many credit with launching the Tea Party movement.

Now Santelli’s at it again, this time with a sarcastic mockery of the New York Times and Democrats who opposed the reading of the Constitution on the House floor yesterday.

“Oh my God. We’re wasting so much money. You know this reading stuff is way overrated – whether it’s the Constitution — or reading scores in the U.S., or reading bills,” he said sarcastically on CNBC’s “Squawk Box.” “A complete waste of time – come on. This is the digital age.”

He then went after the hypocrisy of those who objected to the document’s reading:

You know what then – here’s what I want to know – then why did they all swear to that when they took their jobs yesterday? What a bunch of hypocrites.

“Some swear to and some swear at it, I think,” co-host Joe Kernen added

[Exotix]

Originally Posted by ChasC5

Bernanke: Recovery finally taking hold



Bernanke: Recovery finally taking hold - Jan. 7, 2011


The U.S. economic recovery is finally getting stronger, Federal Reserve Chairman Ben Bernanke said Friday morning.

Bernanke, in remarks prepared for testimony before the Senate Budget Committee, said there is increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold.

0Email Print Comment"Overall the pace of economic recovery seems likely to be moderately stronger in 2011 than it was in 2010," he said.

But he said a rebound in employment remains elusive, and that unemployment is likely to remain close to 8% two years from now.

"Persistently high unemployment, by damping household income and confidence, could threaten the strength and sustainability of the recovery," he said.

The remarks came just an hour after the Labor Department reported that unemployment had dropped to 9.4% in December from 9.8%. Still, the number of jobs added was lower than expectations.

Bernanke said it is important that Congress change fiscal policy over the long-term to address the growing federal deficit.

"It is widely understood that the federal government is on an unsustainable fiscal path," he said. "Yet, as a nation, we have done little to address this critical threat to our economy."

However he cautioned against too much belt-tightening now

"In their planning for the near term, fiscal policymakers will need to continue to take into account the low level of economic activity and the still-fragile nature of the economic recovery," he said.

Total loser (R) Jeff Sessions is doom & glooming Bernanke right now on C-Span-2 ...

Sessions is way to dumb to know what he's talking about so I surmise his staff reports are from some kind of special interest lobbyists we hear are coming in since the first Budget Cuts ... eliminate congressional staffing ... or the privatizing of Congress ...

[ChasC5]

Originally Posted by Peter Pan

CNBC Host Chides NYT and Dems for Opposing Constitution Reading | The Blaze

Media
CNBC Host Chides NYT and Dems for Opposing Constitution Reading
Posted on January 7, 2011 at 8:36am by Jonathon M. Seidl Print » Email » CNBC’s Rick Santelli is known for his conservative-leaning rant. Readers may remember his impassioned speech on the floor of the Chicago Mercantile Exchange in 2009, in which he suggested a “tea party.” It was that speech that many credit with launching the Tea Party movement.

Now Santelli’s at it again, this time with a sarcastic mockery of the New York Times and Democrats who opposed the reading of the Constitution on the House floor yesterday.

“Oh my God. We’re wasting so much money. You know this reading stuff is way overrated – whether it’s the Constitution — or reading scores in the U.S., or reading bills,” he said sarcastically on CNBC’s “Squawk Box.” “A complete waste of time – come on. This is the digital age.”

He then went after the hypocrisy of those who objected to the document’s reading:

You know what then – here’s what I want to know – then why did they all swear to that when they took their jobs yesterday? What a bunch of hypocrites.

“Some swear to and some swear at it, I think,” co-host Joe Kernen added

Bernanke: Recovery finally taking hold - Jan. 7, 2011


The U.S. economic recovery is finally getting stronger, Federal Reserve Chairman Ben Bernanke said Friday morning.

Bernanke, in remarks prepared for testimony before the Senate Budget Committee, said there is increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold.

0Email Print Comment"Overall the pace of economic recovery seems likely to be moderately stronger in 2011 than it was in 2010," he said.

But he said a rebound in employment remains elusive, and that unemployment is likely to remain close to 8% two years from now.

"Persistently high unemployment, by damping household income and confidence, could threaten the strength and sustainability of the recovery," he said.

The remarks came just an hour after the Labor Department reported that unemployment had dropped to 9.4% in December from 9.8%. Still, the number of jobs added was lower than expectations.

Bernanke said it is important that Congress change fiscal policy over the long-term to address the growing federal deficit.

"It is widely understood that the federal government is on an unsustainable fiscal path," he said. "Yet, as a nation, we have done little to address this critical threat to our economy."

However he cautioned against too much belt-tightening now

"In their planning for the near term, fiscal policymakers will need to continue to take into account the low level of economic activity and the still-fragile nature of the economic recovery," he said.

Just in case you didn't understand the Thread; because I know the Moderators are Sticklers about responding to post and I’m sure you are also.

[Peter Pan]

Originally Posted by ChasC5

Just in case you didn't understand the Thread; because I know the Moderators are Sticklers about responding to post and I’m sure you are also.

Like you follow any rules on posting

[Exotix]

Originally Posted by ChasC5

Just in case you didn't understand the Thread; because I know the Moderators are Sticklers about responding to post and I’m sure you are also.

He posts in inane and ridiculous one-liners like theirs something wrong with him or cuts and pastes articles for the purpose of hijacking ...

I think he's seafive ....

[ChasC5]

Originally Posted by Exotix

He posts in inane and ridiculous one-liners like theirs something wrong with him or cuts and pastes articles for the purpose of hijacking ...

I think he's seafive ....

Are you sure he isn’t SeaFive?

[JustinStrife]

What Does the Drop in Temporary Hiring Mean for the Lower Unemployment Rate? - The Curious Capitalist - TIME.com

It's all in the details gentlemen...

[Exotix]

Originally Posted by JustinStrife

What Does the Drop in Temporary Hiring Mean for the Lower Unemployment Rate? - The Curious Capitalist - TIME.com

It's all in the details gentlemen...

This doesn't say much ... in fact it's merely espousing *conventional widom(s)* based on any economic/financial *hypotheticals* and to be expected from a broadbrush source like TIME ...

[mrvette]

Originally Posted by Exotix

This doesn't say much ... in fact it's merely espousing *conventional widom(s)* based on any economic/financial *hypotheticals* and to be expected from a broadbrush source like TIME ...

In other words, soon as the stores dump the extra Christmas help, the rate goes back up as usual?? what else is new??

2 TRILLION BUX down the shitter, and what we got to show for it....WHAT??

can anyone name anything?? except 14 trillion in debt now....

[VITE1]

Based on the current economic growth rate we do not expect to get back to a job growth rate that provided net increases in employment until 2014 at best.

While I would love drop all of this on BHO and his Progressive faithful I cannot. It is the overall growth of government spending coupled with regulations out the wazzo and unproductive self absorbed employees toped off by a Management mindset that requires they think about only next quarters performance VS long terms success.

We need an Enema in this country to clean out all the BS in the system to allow us to be competitive against the leaner, more aggressive countries in the world.

[Exotix]

Originally Posted by mrvette

In other words, soon as the stores dump the extra Christmas help, the rate goes back up as usual?? what else is new??

2 TRILLION BUX down the shitter, and what we got to show for it....WHAT??

can anyone name anything?? except 14 trillion in debt now....

In times of extreme recession or depression the only one trued and tried way back to prosperity is what's known as *civic duty* ... this was the Big Deal ... this is always a *Lib thing* and has never been a right-wing/conservative thing ... it's geo-political ... in other words, there's really no *invading force* that can stop them, say, like Hitler/Stalin or King George ...

Say for instance the trillion dollars given to banks after they destroyed America ... this is in no way a *Lib Thing* no matter how mental you can get ...

This is why these *consevative values* will always be and proliferate against everything the Founding Fathers invented ... their's really nothing *founding father lawfully* that says you can strip of their rights and incarcerate right-wingers in FEMA camps before taking them out to the *Atlantic Wall* ... and this is why they want to *re-interpret* for the purpose of *re-inventing* the constitution ... to save their ass's so they can bring back Bush and the neocons without question or retribution ...