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Only 610,000 people filed for unemployment last week. Things must be better.

unemploymentThe word is, only 610,000 people filed for unemployment last week (a holiday week). That’s a drop from previous weeks.

Let’s all go out and buy a car.

Of course, let’s face it, the number would almost have to go down at this point, simply because there are fewer people left out there who are actually employed so that they can be layed off.

Then there’s that pesky news about home forclosures that are on a serious rise, since that temporary Presidential AKA “Bandaid” moratorium on foreclosures expired on March 31. Nothing like putting off the inevitable, eh? The bandaid fell off, look for the scabs brought to you by the same Wall Street industry that took hundreds of billions from your children and grandchildren, and then doubled your credit card rates in mid-stream– and got away with it. Boy those political contibutions to Congress sure must be rolling in, because Congress is making sure they drag their feet on stopping those credit card interest rate increases.

But don’t worry, just as soon as everybody’s credit scores are trashed and just as soon as all the interest rates are at the Loan Shark level, Congress will be outraged. Why….they will have had NO idea this was happening! If they had only known!

Like I said, Don’t Worry!

Really, be patient. It’s all just simple math. Using Government statistical methods, just as soon as unemployment reaches 100% and everyone has collected his or her last unemployment check, everything will level off , and the official unemployment rate will be zero.

Everything is under control folks. Fed Bagmen Tim and Ben are on the job. They are going to arrange to give another hundred billion to launder to your bank as a reward for raising your interest rates– and everything well be just fine. And the Global Warming people are On The Job. They will save the earth. Too bad nobody living in it will live to see it, but hey, small price to pay, right?

Don’t worry! Be happy!

  • Pingback: Unemployment Trends Long : NO QUARTER

  • jeremy

    banks are all insolvent the curtain will be removed soon and then we all cant start the recovery

  • http://noquarter foxyladi14

    they will be bailed out next…

  • fif

    I got into two fights in the past week with Chase over a two-week late statement that they then charged ME a late fee for, and refused to waive it (because I am supposed to be studying my anticipated deadlines 24/7 I guess, like I have nothing better to do). I have never been late on a payment-they didn’t care at all. He “graciously” offered to waive the interest hike the late fee triggered, to which I responded: “This is why the banks are failing–greed, and predatory practices. Cancel my card, and I am paying off the balance.” Yesterday, I got the last statement: it includes the $39 late fee, PLUS a $37 fee for interest accrued during the period I did not know existed because I did not receive a statement!?@!! Called again–they didn’t care. I was furious, and asked the guy on the phone: “Does this seem fair? You are losing good customers.” He didn’t care, and said he was “proud to work for Chase.” I told him what he could do with his job. The arrogance and indifference is unbelievable. They are just stealing money to pay for their outrageous bonuses–and Obama and Geithner (& the rest) are complicit.

    • fif

      p.s. I woke up in the middle of the night and another thought occurred to me: not only is my credit affected by this, but now my other credit cards can automatically raise their rates on me because of this incident right? One late payment on your record gives them all permission to spike your rates. Again, I have fantasies of going off grid, living in a hut in Fiji or something. This system is out of control.

      • ConfusedAmerican

        ON yahoo or msn they had a good article on what the credit card companies are now doing to their customers, its sick.

  • Peggy Sue

    From the WSJ on Saturday we have this report:

    http://online.wsj.com/article/SB123998769476529637.html

    A glimmer of hope? Not if you’re standing in an unemployment line. And on a personal/anecdotal note, I talked to my sister, a Florida resident. She lives about an hour south of Jacksonville. Just north of her, houses have been vacated, people simply walking away since the values are way down and the buyers had no skin in the game. And now, the homeless are squatting in the properties. I don’t blame the homeless [better than living on the street] but it does not bode well for what’s going on. Or what we’re going to see in the future. Plus, my sister reported increased crime, home invasions, to the south and west of her.

    Glimmer of hope? Guess I need some of those new-fangled glasses.

    • Paula Revere

      Break out the sugar free Kool-Aid!!!!

  • tek

    All the politicians in Washington are in the hip pockets of corporatists and financiers so they don’t care what they do to the American people as long as they get their money. Barry is the worst one of all.

  • Tom Cat “wodie j” Jefferson Esq

    Indiana has a 10.5% unemployment rate, I can’t remember the last time it was that high.

    A new homeless shelter opened here in town for families and it is already full and they are turning families away. I hope these same people who voted for Obama wise up and realize, there is no free lunch and it isn’t coming from Obama and the Democrats. God helps those who help themselves and OBAMA AIN’T GOD.

    • Docelder

      There is talk of a permanent “Tent City” here in Tampa. On the upside, it never gets that cold here really… on the downside, it going to be summer soon and it is really hot and sticky to be camping here for a living.

  • Peggy Sue

    Last month, Goolsbee in a rare open moment admitted that the 8.5% umemployment numbers were bogus. The real figure, accounting for people who have given up or taken part time employment, is in the 15-16% range. And we now know that 8 states are reporting double digit umemployment figures, mid-April.

    Despite the happy spin, the crisis is getting worse. It may have slowed down a beat but the trajectory is still down, down, down. The bank situation is laughable. Except it’s not. We’re being hosed by a team of frauds. The stress tests are a joke, pure smoke screen and mirrors, while the futures of our kids is being pissed away. Commericial real estate is just beginning to teeter. It’s predicted to collapse just like the housing market. We can complain about what malls have done to the face of the country but when the biggest mall operating company in the nation declared bankruptcy last week, there was hardly a peep. The malls close, the businesses within those malls close. The businesses close, more jobs go bye-bye. And there are no jobs to replace them.

    We’re being bamboozled, tranquilized. Because the guys on top, financiers, politicians, even journalists know that if the truth seeps out, it won’t be pitchforks and torches. The call will go out for public lynchings. We’re being ransacked and the pols are singing Uppity’s tune:

    Don’t Worry, Be Happy.

    It’s a disgrace!

  • Portia Elizabeth

    I just heard that foreclosures are up almost 25% from a year ago. I can’t even imagine losing my home that way, but it’s become a reality for so many people. Granted, some bought way over their means, but many are hard-working people who got caught by this recession and had nowhere to turn.
    I’m so disgusted with our leaders who keep trying to say, it’s looking better and we’re on the way out of this mess. As if words could make it so. The crap that’s happening is not going away any time soon. Giving people such hollow hope is cruel.

    • ConfusedAmerican

      I own my home now with no mortage. But every year my taxes are going up 300 to 400 dollars, then there is the increase in utilities. I cant downsize, cause I cant sell.. I wonder how long it will before I wont be able to pay the taxes and then what???

  • politicalidentitycrisis

    The numbers don’t count those who have given up looking for employment and the underemployed, meaning:those who have had their hours/salaries cut or taken jobs for much less money.

    • Cahil

      It also doesn’t count either high school kids first entering the job market or college kids entering the job market — not having previously been in the work force, they are not eligible for unemployment — but they still can’t get a job.

      • ConfusedAmerican

        My friend is a sub and during summer gets a part-time job. (Subbing pays better for school year than most of the jobs open in this area). Well this year she is having problems.

  • ConfusedAmerican

    Another reason its probably gone down is many people have run out of unemployment benefits.

    • jbjd

      Yes; or the base has been adjusted. That is, the BLS counts say, a 5% unemployment rate as unavoidable and so, counts that as 0% unemployed.

  • barry bums a ciggie

    And don’t forget, we have slim-shady pols like the one below to add to our worry free existence too.

    http://washingtontimes.com/news/2009/apr/21/senate-husbands-firm-cashes-in-on-crisis/

    On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.

    Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments – not direct federal dollars.

    • Docelder

      Can’t you just feel the backlash coming? Suddenly we find two year old wiretaps, and in them someone promises to arrange Pelosi’s support? Now, we see this? The far right is loading the cannons. Not that I am at all sympathetic to the loony left… live by the sword and all that comes with it… but still, more of the same is still more of the same.

  • HARP

    Love the cartoon. Must have been the conversation between Chavez and Obama.

  • Katmoon-Adams

    Sent from a friend this morning; though y’all might enjoy it.

    PSALM 2008-2012: FIRST BOOK OF DEMOCRAT

    OBAMA IS MY SHEPHERD,
    I SHALL NOT WANT.
    HE LEADETH ME BESIDE STILL FACTORIES.
    HE RESTORETH MY FAITH IN THE REPUBLICAN PARTY.
    HE GUIDETH ME IN THE PATH OF UNEMPLOYMENT.
    YEA, THOUGH I WALK THROUGHT THE VALLEY OF THE BREAD LINE,
    I SHALL NOT GO HUNGRY.
    OBAMA HAS ANOINTED MY INCOME WITH TAXES,
    MY EXPENSES RUNNETH OVER MY INCOME,
    SURELY, POVERTY AND HARD LIVING WILL FOLLOW ME ALL THE DAYS OF MY LIFE.
    THE DEMOCRATS AND I WILL LIVE FOREVER
    IN A RENTED HOME.
    BUT I AM GLAD I AM AN AMERICAN,
    I AM GLAD THAT I AM FREE.
    BUT I WISH I WAS A DOG
    AND OBAMA WAS A TREE.

    • Athena the Warrior

      Love it! Permission to pass it on?

  • Katmoon-Adams

    Hello fellow Abigail, how goes Donna today?

    • Donna “Abigail Adams” Brazile

      Great today!

      I leave you with one of my most relevant quotes:

      “We have too many high-sounding words, and too few actions that correspond with them.”
      Abigail Adams

      Stop the travelfest!

  • Donna “Abigail Adams” Brazile

    Ten unnecessary trips by That One in AF-1 would equal 100 million:-)

    Stop the travelfest!

    • Docelder

      Maybe Obama and Pelosi might carpool? They can share jets and maybe coordinate their travels. Both of them can go to Europe together for example… heck, take the whole congress and senate with them. It would be cheaper to entertain them all that to have them in Washington spending money like drunken sailors. Really, if you think about it… if they just all vacationed together for the next couple of years… it would be a whole lot cheaper.

      • Paula Revere

        Maybe they can pick a destination and stay there? Cuba?

        • Docelder

          But you know, those guys would never make it in that communist society they dream about. They would be required to work. Of course… these guys all think they would be Castro. The thing is only one of them would get to be Castro. Maybe somebody ought to tell them.

          • Paula Revere

            Well, it might solve all of our problems. Can you imagine the b**tch fight between Pelosi and Obama over who got to play Castro?

            • Docelder

              Well it could be done… The Good, The Bad and The Ugly style… Obama (the good of course), Pelosi (the bad) and Al Gore (the ugly… you snooze you lose)they could all stand in a triangle… winner be Castro.

              • Paula Revere

                Or we could throw in all the scumbags in CONgress and make it a raffle. Dodd, Frank, Reid, Obama, Pelosi, Clyburn, Waters, etc. should get a shot too!

                • tek

                  No Republican scumbags?

                  • Paula Revere

                    LMAO…Sure, bring me the GOP CONgressmen who are upsetting you and we’ll throw them in.

                    • Docelder

                      The two senators from the People’s republic of Maine come to mind offhand.

        • http://noquarter foxyladi14

          FOREVER.yesssssssss!!