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Thread: New jobless claims drop for first time in 4 weeks

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    New jobless claims drop for first time in 4 weeks

    WASHINGTON — New requests for unemployment benefits fell sharply last week after rising in the past three weeks. Still, claims remain much higher than they would be in a healthy economy.
    Yes, jobless claims are dropping, but I don't like the spin here. Let me put it this way - Once you lose so many jobs, you are going to be at the bottom, and not lose any more. So new jobless claims will drop. But it doesn't matter. New jobless claims can drop to zero, but you still have a crapload of people out of work, and that is key. The big question is this: When are the jobs coming back? Zero jobless claims, if it should go that low, might be nice, but they dont' tell the true story, or show the whole picture. They are just a blurb, just something to spin, while people suffer for the sins of a kakistocracy. Kakistocracy? What is that, you ask?

    Kakistocracy - Rule by the incompetent.

    Article is here.
    Last edited by danarhea; 08-26-10 at 12:58 PM.
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    Re: New jobless claims drop for first time in 4 weeks

    You're right.

    If you punch a hole halfway down the side of a pitcher of water, eventually the leaking has to stop, but how do you fill it up again?
    Last edited by Erod; 08-26-10 at 01:27 PM.

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    Re: New jobless claims drop for first time in 4 weeks

    Quote Originally Posted by Erod View Post
    You're right.

    If you punch a hole halfway down the side of a pitcher of water, eventually the leaking has to stop, but how do you fill it up again?
    If you're a liberal, you have everyone around pour water into the pitcher, without patching the hole. After 30 years you stand up and proclaim, it's not enough.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: New jobless claims drop for first time in 4 weeks

    When did the word "jobless" begin being used in place of unemployment?

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    Re: New jobless claims drop for first time in 4 weeks

    Quote Originally Posted by jambalaya View Post
    When did the word "jobless" begin being used in place of unemployment?
    Is that what we're talking about; unemployment? Thanks for connecting the two.

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    Re: New jobless claims drop for first time in 4 weeks

    Quote Originally Posted by jambalaya View Post
    When did the word "jobless" begin being used in place of unemployment?
    The new term is financially changed workers
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    Re: New jobless claims drop for first time in 4 weeks

    Quote Originally Posted by texmaster View Post
    The new term is financially changed workers
    Obama would consider them "inactive business-victimized specialists".

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    Re: New jobless claims drop for first time in 4 weeks

    Woohooo! The recession is over!!

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    Re: New jobless claims drop for first time in 4 weeks

    Woohoo, conservatives will stop damaging the US economy... hey one can only hope!
    PeteEU

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    Re: New jobless claims drop for first time in 4 weeks

    Quote Originally Posted by PeteEU View Post
    Woohoo, conservatives will stop damaging the US economy... hey one can only hope!
    Please - do try to include a least a -little- cleverness in your partisan bigotry.

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