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Originally Posted by rubicon
janmcn: "Republicans just hate good news"....No Republicans, in fact most reasonable people must prefer factual and supportable data. It has become commonplace/habitual for Obama and his Administration to promulgate misinformation. The simple fact is that so many good people have totally given up looking for employment that they have been removed from the unemployment statistics. Further if the economy does not begin to rebound some of these folks whol have been out of work for so long will have lost their sellable skills...and unfortunately it goes downward from there.
Finally not wanting to appear selfish. I want Obama to succed because my life savings are bing hammered and the less risky investments CD, etc don't pay interest because the Fed has mis-manipulated monetary policy much too long. The "average Joe" is taking a licking and we won't be able to keep on ticking much longer
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You don't call the Labor Department a purveyor of factual and supportable data? Did it ever occur to you that many of the long term unemployed have succombed to starvation since republicans refuse to extend unemployment benefits? Since when did republicans ever worry about the long term unemployed?
The stock market has gone from 8000 in 2009 to 12,862 yesterday. I can't comment on the Fed. I'm not an economist.