Quote with Comment Interspersed
Hey Folks,
How stupid ARE we??
For much of our lives we might be excused for accepting all the bullshit they feed us, but AT SOME POINT we need to tell them to shove it. As Harold Pinter said - quoted by Gunter Grass directly below:
"You have to hand it to America. It has exercised quite a clinical manipulation of power worldwide while masquerading as a force for universal good. It's brilliant, even witty, a highly successful act of hypnosis."
And it's NOT just the rest of the world who's been brilliantly hypnotized!!
Wake up, Folks!!!
- Uke Man
New jobless claims up 11,000 last week
By David Lawder Thu Jun 22, 9:04 AM ET
WASHINGTON (Reuters) - The number of U.S. workers claiming an initial week of jobless aid rose 11,000 last week, broadly in line with expectations [Whose expectations??] and signaling a still-healthy job market [Yeah? Tell that to the 2,421,000 “officially” unemployed], a government report showed on Thursday [and you can trust the government!!] .
First-time claims for state unemployment insurance benefits rose to a seasonally adjusted 308,000 for the week ended June 17 from an upwardly revised 297,000 claims the previous week, the Labor Department said.[the ginks – even after they raised their “estimate” – missed it – LOW – by 11,000 and they call THAT a “positive report” – positive for whom? And they call the upward adjustment a "moderation of claims"].
"I would say this is largely a positive report. With jobless claims now moderating again, it gives us more confidence in the resilience of the economic expansion," said Patrick Fearon, senior economist at A.G. Edwards and Sons Inc. in St. Louis. "It won't necessarily come to a screeching halt" [it will for 11,000 who will join the 2,421,000 officially unemployed and the – who knows how many others who are not counted simply because they have become so discouraged that they’ve given up? - "moderating again"????].
After claims peaked this year at 344,000 in mid-May, the recent moderation of claims [ a 36,000 drop out of 344,000 over several months] adds to evidence for the Federal Reserve to justify another interest rate hike next week [ If you pay attention to the Federal Reserve’s behavior, you know that a major reason the FED raises interest rates is to keep inflation down. You also know that what the interest rate increase does is to dampen hiring, which dampens demand for labor, which undercuts pressure for wage increases, which dampens inflation by keeping wages down – i.e. capitalists’ profits stay up or increase by freezing or reducing what workers receive!! That’s why the shitheads keep saying it’s a GREAT ECONOMY while wages and the standard of living of regular folks is degraded further and further – it IS a positive sign for the sucks who already have it made but want more ].
- Uke Man
complete story at:
http://news.yahoo.com/s/nm/20060622/bs_nm/economy_claims_dc
How stupid ARE we??
For much of our lives we might be excused for accepting all the bullshit they feed us, but AT SOME POINT we need to tell them to shove it. As Harold Pinter said - quoted by Gunter Grass directly below:
"You have to hand it to America. It has exercised quite a clinical manipulation of power worldwide while masquerading as a force for universal good. It's brilliant, even witty, a highly successful act of hypnosis."
And it's NOT just the rest of the world who's been brilliantly hypnotized!!
Wake up, Folks!!!
- Uke Man
New jobless claims up 11,000 last week
By David Lawder Thu Jun 22, 9:04 AM ET
WASHINGTON (Reuters) - The number of U.S. workers claiming an initial week of jobless aid rose 11,000 last week, broadly in line with expectations [Whose expectations??] and signaling a still-healthy job market [Yeah? Tell that to the 2,421,000 “officially” unemployed], a government report showed on Thursday [and you can trust the government!!] .
First-time claims for state unemployment insurance benefits rose to a seasonally adjusted 308,000 for the week ended June 17 from an upwardly revised 297,000 claims the previous week, the Labor Department said.[the ginks – even after they raised their “estimate” – missed it – LOW – by 11,000 and they call THAT a “positive report” – positive for whom? And they call the upward adjustment a "moderation of claims"].
"I would say this is largely a positive report. With jobless claims now moderating again, it gives us more confidence in the resilience of the economic expansion," said Patrick Fearon, senior economist at A.G. Edwards and Sons Inc. in St. Louis. "It won't necessarily come to a screeching halt" [it will for 11,000 who will join the 2,421,000 officially unemployed and the – who knows how many others who are not counted simply because they have become so discouraged that they’ve given up? - "moderating again"????].
After claims peaked this year at 344,000 in mid-May, the recent moderation of claims [ a 36,000 drop out of 344,000 over several months] adds to evidence for the Federal Reserve to justify another interest rate hike next week [ If you pay attention to the Federal Reserve’s behavior, you know that a major reason the FED raises interest rates is to keep inflation down. You also know that what the interest rate increase does is to dampen hiring, which dampens demand for labor, which undercuts pressure for wage increases, which dampens inflation by keeping wages down – i.e. capitalists’ profits stay up or increase by freezing or reducing what workers receive!! That’s why the shitheads keep saying it’s a GREAT ECONOMY while wages and the standard of living of regular folks is degraded further and further – it IS a positive sign for the sucks who already have it made but want more ].
- Uke Man
complete story at:
http://news.yahoo.com/s/nm/20060622/bs_nm/economy_claims_dc
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home