You can lie to some of the people all of the time.

I listened last night in the car as a CBS radio commentator (WTOP in DC area) called the Stimulus Bill the greatest "investment in America" that any Administration has ever made. He went on to credit it with staunching the "hemmoraging of jobs" which had been >700,000 a month in 12/2009 down to the 12/2010 85,000 loss. He predicted that, if the unemployment numbers would drop from 10% to 8%, that the Dems would lose few seats in 2010.

He also called the healthcare legislation the greatest "landmark" something-or-other since Social Security.

Given that the stimulus has done nothing (in other words, the money's been wasted) and there's still a ton of money to be spent (more money to be wasted), the GOP could score some serious points calling for an end to the program.

But they won't.

The following text contains highlights from a speech by Mr. Plosser, of the Federal Reserve. Not one thing he says has any basis in reality, or is so vague as to be meaningless. He is devoid of a soul. How anyone can lie so blatantly is not a matter of evasion, but just evil deception.

Plosser says:
-Fed will have to raise rates as economy continues to improve; Inflation expectations remain well anchored, fears of deflation were overblown during crisis
- Recovery to remain sustainable even as stimulus winds down, evidence of sustainable recovery is broad-based
- Sees GDP around 3-3.5% in next 2 years
- Fed should end MBS buying at $1.25T in Q1
- Full economic and financial market recovery to take time
- Reiterates jobless rate to begin to decline by end of 2010, may still rise in near term; Rates must be raised before jobless rate is at "acceptable level"
- Home prices appear to have stabilized; Commercial real estate poses some near term risks
- Economic slack is not a sufficient condition to ensure low inflation

- Q&A Comments:
- Fed preserves value of US dollar by keeping inflation low.

**Note: On Dec 1st, Plosser said may need higher rates before unemployment returns to appropriate levels. Expected to see 3% GDP growth over the next two years. Housing may have bottomed, but there remain risks for commercial real estate.
(Also note that today JP Morgan CEO Jamie Dimon says that the Commercial Real Estate risk was overblown and is behind us.)

michaelscomments.files.wordpress.com/2010/01/stimulus-vs-unemployment-december-dots.gif

Hell of job, Barry.

The stimulus bill is the greatest example of sunshine being blown up America's collective "rear end." (My wife made me change the wording after "collective.").

Stunning effect?

Well, I guess. So is a rubber mallet swung hard to the forehead - but the aftereffects might not be something you'd want!

stunning as in:

temporarily deafening

or

knocking unconscious or into a dazed or semiconscious state

That's a change I can believe in.

"(Also note that today JP Morgan CEO Jamie Dimon says that the Commercial Real Estate risk was overblown and is behind us.)"

If the big money banks were loaning money in the commercial field his statement would carry a little more weight -- as in "putting your money where your mouth is" -- but I suspect the banks want to see consumer sentiment turn more strongly before they commit more heavily than they are now.

Introducing facts and expert analysis into the discussion -- how DARE you. Don't you know this is wack-a-doodle land? Tin foil and grand conspiracy theories are the order of the day here.

I looked but perhaps not hard enough. Does anyone know in what business sectors these jobs were saved/created???? Or are they all new government jobs created simply to administrate the illusion of a competent Obama administration???

It's Bush's fault.

"Reality-based' thinking at its finest. Simply proclaim something, and it'll magically be true!

"Does anyone know in what business sectors these jobs were saved/created????"

EVERYWHERE! According to the 'new and improved' Obamanomics metric, ANY JOB that receives just $1 of "Stimulus" money is a job 'created or saved'.

Catch Stevie Green's fever! Green Shoots everywhere! All those unemployed are just lazy conservatives or Republicans who refuse to get a job just to make Barry look bad.

Upon reflection, given this latest White House press release; somewhere Joseph Goebbels is smiling.

I feel REALLY insulted...and so should ALL Americans. Seriously.

The Obama "Administration" has so little regard for the intelligence and attention span of the American public they're not even bothering to make up believable shit anymore. Or even barely believable shit.

Nope. We're not even worth that much effort.

Barry has single handedly stimulated new ways to lose millions of jobs while calling it job growth.. what a Jug-Eared-Douche.

More on the jobless recovery http://www.huffingtonpost.com/julian-l-alssid/will-a-skills-recession-p_b_420550.html

Whoops! 1.2 million more jobs lost:

"..."This is something called the birth/death model that is used by the department. Last year it caused 356,000 jobs to be subtracted from the January job count... Nobody in the media will pick up on this, but the Labor Department will also do something called a benchmark revision on Feb. 4 that will subtract around 840,000 jobs that the government thought existed, but really don't."

356,000 jobs here, 840,000 jobs there and pretty soon you have 1,196,000 more unemployed than advertised.

Oops.

That would change that 10.0% to 10.8%.

But if you reduce the number of people seeking jobs -- the civilian labor force shrank by 1,528,000 (1%) over the past year despite a 1% growth in population -- you can, as the climatologists say, hide the decline next month. "

blogs.DailyMail.com

Failed Presidency.

Whats another 1.2 million lost jobs? As long as the dufus in chief can play golf, bankroll his illgotten retirement and finish reading "My pet Goat" It's all good.

The New York Times had this to say about unemployment, quoting from a Bureau of Labor Statistics report:

"The growing army of the unemployed, at 11.1 million, is nearly 50 percent bigger than at the start of the recession a year ago."

In the Great Depression, 12.8 million people were unemployed at its highest mark, reaching about 22%. Smaller population, to be sure, but we're getting pretty close to Depression era unemployment in terms of numbers. And that does not include the underemployed, forced retirements and discouraged workers, which jacks this number up to over 17.2%. Almost one worker out of five is either unemployed or underemployed.

The question is this: Who are we supposed to believe when our own president is obviously lying on a daily basis to make himself look better?

What the hell is wrong with him, and what the hell is wrong with our other politicians? Think about this for a minute.

The Obama administration, Pelosi, Reid, and almost all Democrat Senators and Congressmen get up in front of TV cameras on a daily basis and flat out lie to the people they are supposed to represent, and they do it with hardly a snicker. They marginalize and suppress everybody who has an opposing point of view.

Go look at Nancy Pelosi's website. Or Harry Reid's. Listen to The Gibblet's daily press briefings. Hate to say it, but press releases from the White House (like the one today) are completely transparent bullshit, motivated almost exclusively by an almost neurotic desire to protect the president and create the unbelievable illusion that he knows all and sees all. Well, sorry. The emperor has no clothes. We're being lied to.

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Bottom line is this: Our democracy depends on trust in our own government and the free flow of information. Without it, it weakens us as a country. You can't read all the bullshit we're being fed without retching in disbelief.

We have a fundamental right to the truth, warts and all, and it cannot be based on an elaborate game of Three Card Monte.

No, really, it's all going great. I hear the unemployment rate, thanks to stimulus spending, is down to 3.5% in West Dakota, 4.7% in Pennsyltucky, and a hundred thousand jobs were created in the 947th Congressional District of Iowa alone. North Mexico, being a red state, received little funding, so their unemployment rate continues to trend high, unfortunately.

Must be those stimulus funds, Falze.