This morning on CNBC the "experts" were predicting what the jobs numbers would be today. They had been over 200k before the bad ADP number on Weds. This morning they revised their numbers down to 160k to 200k. Rick Santelli said 55k with 9.1 unemployment.. almost EXACTLY right.. the numbers were 54k and 9.1. Keep in mind because of growing population entering the labor market that we need well over 100k per month just to stay even on employment.

It is time for our government officials,, and BOTH parties to accept the fact that they have to get government out of the economy. Rick Santelli has been preaching this since he started the tea party with his RANT, 3 years ago.
Youtube Rick Santelli rant
Remember the White House called Santelli after that to consult.. and they did not follow a thing he said. Who is he?? just an analyst on CNBC.. the have all their economists towing the gov line.. they dont need him to speak the truth and not cheer lead the numbers each month as others on CNBC and other networks do.

Rick is warning us that unless we allow the job providers out from under the gov boot.. a VERY VERY serious negative result is certain. READ it.. Instead of gradually destroying my savings using QE and fiscal policy, they will out and out kill the dollar and it will happen SUDDENLY. Dont laugh.. this is very serious.
The job providers have been moving jobs out of this country for years.. why? they can make more money in other countries. They are in business to MAKE MONEY.. if you make that too difficult or impossible, they move or they go out of business.. that is where we are at now.
We must have a system that rewards risk, and hard work..
The government can cover up the problems with gov spending, but think.. what that really means.. the gov take more money from current tax payers (tax) or future tax payers (deficit debt), and spends it now to make it look like the economy is better.. but every time you do that, just like drugs, it take a bigger dose to get a smaller result.. and eventually.. where we are nearly at.. no matter what the dose.. no result, .. and the debt and deficit can never be paid.. mine and your savings and assets value destroyed!

All you collectivists will continue the justify the policies that are destroying this country. More FED.. QE3.. more deficits,.. more gov jobs.. the only place in the country with strong housing is Washington DC.. why? You know why..
Right after the jobs announcement Obama Sec of Labor Solis told CNBC that we need more of the same.. just more "investment" in "green" energy and jobs, education, more gov spending.. .. oh my god.. They either can't see the handwriting on the wall, or as Glenn Beck said..
If President Obama continues on this path, just like John Galt in "Atlas Shrugged", the "John Galts" and the job creators will evacuate this country, and Rick Santelli will Shrug.
JJ

One thing not being taken into account are all of the teachers and others school personel who file for unemployment at the end of the school year (now) and are really not unemployed, they have a when school starts in Aug. or Sept. At that time there will be a big drop in the numbers.

Rick is Great!!! Chicago Board of Trade

Originally Posted by JimJoe

This morning on CNBC the "experts" were predicting what the jobs numbers would be today. They had been over 200k before the bad ADP number on Weds. This morning they revised their numbers down to 160k to 200k. Rick Santelli said 55k with 9.1 unemployment.. almost EXACTLY right.. the numbers were 54k and 9.1. Keep in mind because of growing population entering the labor market that we need well over 100k per month just to stay even on employment.

It is time for our government officials,, and BOTH parties to accept the fact that they have to get government out of the economy. Rick Santelli has been preaching this since he started the tea party with his RANT, 3 years ago.
Youtube Rick Santelli rant
Remember the White House called Santelli after that to consult.. and they did not follow a thing he said. Who is he?? just an analyst on CNBC.. the have all their economists towing the gov line.. they dont need him to speak the truth and not cheer lead the numbers each month as others on CNBC and other networks do.

Rick is warning us that unless we allow the job providers out from under the gov boot.. a VERY VERY serious negative result is certain. READ it.. Instead of gradually destroying my savings using QE and fiscal policy, they will out and out kill the dollar and it will happen SUDDENLY. Dont laugh.. this is very serious.
The job providers have been moving jobs out of this country for years.. why? they can make more money in other countries. They are in business to MAKE MONEY.. if you make that too difficult or impossible, they move or they go out of business.. that is where we are at now.
We must have a system that rewards risk, and hard work..
The government can cover up the problems with gov spending, but think.. what that really means.. the gov take more money from current tax payers (tax) or future tax payers (deficit debt), and spends it now to make it look like the economy is better.. but every time you do that, just like drugs, it take a bigger dose to get a smaller result.. and eventually.. where we are nearly at.. no matter what the dose.. no result, .. and the debt and deficit can never be paid.. mine and your savings and assets value destroyed!

All you collectivists will continue the justify the policies that are destroying this country. More FED.. QE3.. more deficits,.. more gov jobs.. the only place in the country with strong housing is Washington DC.. why? You know why..
Right after the jobs announcement Obama Sec of Labor Solis told CNBC that we need more of the same.. just more "investment" in "green" energy and jobs, education, more gov spending.. .. oh my god.. They either can't see the handwriting on the wall, or as Glenn Beck said..
If President Obama continues on this path, just like John Galt in "Atlas Shrugged", the "John Galts" and the job creators will evacuate this country, and Rick Santelli will Shrug.
JJ

JimJoe you are spot on. It is no coincidence that the only area showing high a housing recovery is the Washington DC area.

Originally Posted by llaran

One thing not being taken into account are all of the teachers and others school personel who file for unemployment at the end of the school year (now) and are really not unemployed, they have a when school starts in Aug. or Sept. At that time there will be a big drop in the numbers.

Rick is Great!!! Chicago Board of Trade

That is on a state-by-state basis. A quick check shows that teachers are NOT eligible in states like California, but some SUBSTITUTE teachers are (unless they were employed in any other fashion for at least 4 hours during the week).

Remember, in general, a state unemployment board calls employers to verify that someone was actually fired. They have to because, if you quit, you're not eligible for benefits. If you're still under contract, well, you're still employed. It's like professional athletes who are under contract for a year but may only be paid during 6 months of the year.

I spot-checked the rules for California, New York, Massachusetts (and got Alabama as a side effect) and NONE of them allow teachers to receive unemployment benefits during the summer.

So there's ANOTHER myth busted.