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26 Re: Money and Politicians on Fri Jun 01, 2012 9:30 pm


Bush was misinformed on wma's, but he was not afraid to protect this country. The abortion issue sits squarely in the Dems lap, they voted on allowing the gender abortions not the Repubs. Obama is pro abortion and so are his cronies. Read the headlines, it made the news yesterday. Bush did the best with what he had . Obama has done nothing but spend-spend-spend and back us into a corner,China owns us now. If you think 244 bills passed in 3 years is worth a pat on Obama's back go ahead. How many did he veto that could have helped the working class. He is losing supporters every day.

27 Re: Money and Politicians on Fri Jun 01, 2012 9:40 pm


he knew better on WMD's!! he did not protect us!! after ten years,our people were still dying for a useless war, and still have not won it..I am glad we are pulling out, and leaving just a small group to teach and whatever,!!t was an unecessary war,one that bush kept saying hang in there~the republicans as usual are sending a smoke screen,abortion is not the problem ,another wormy pub trying to make a mountain out of a molehill, what they need to do is build our country on the chilfdren boen already instead of cutting programs that make us strong, like teachers,schools,infrastructure,fire fighters policeman we need a congress to work for the people 99% not the 1% not cooperations but the working class, they have never, and they still aren't

28 Re: Money and Politicians on Fri Jun 01, 2012 9:49 pm



May jobs report: Hiring slows, unemployment rises
By Tami Luhby @CNNMoney June 1, 2012: 2:48 PM ET

The May jobs report shows that employers added only 69,000 jobs, while unemployment rose to 8.2%

NEW YORK (CNNMoney) -- Businesses hired shockingly few workers in May, throwing into doubt the strength of the economic recovery.

Only 69,000 jobs were added last month, the weakest growth in a year. The unemployment rate rose to 8.2%, the first uptick since last June.

Obama battles job crisis

The U.S. lost 4.3 million jobs in President Obama's first 13 months in office. Track his progress since then.Economists surveyed by CNNMoney had expected to see employers add 150,000 jobs and the unemployment rate to remain at 8.1%.

Revisions from previous months also showed the economy gained 49,000 fewer jobs in March and April than originally thought.

Private companies sharply cut back on hiring last month, adding only a meager 82,000 jobs. Employment increased in health care, transportation and wholesale trade. Manufacturing continued to add positions, albeit at a slower pace than earlier this year.

Construction, however, suffered its largest decline in two years. The public sector continued to shed jobs, losing 13,000 in May.

Economy: Are you better off?
The overall figure stunned most economists, who laid the blame for the slow growth at the feet of Europe and Washington D.C. The steady drumbeat of headlines concerning Europe's financial woes, as well as the looming fiscal cliff in the U.S., is weighing on consumer confidence. Adding to the problems is the slowdown in the Chinese economy.

"It was really shockingly low," said Bill Dunkelberg, chief economist for the National Federation of Independent Business, who said small businesses have pulled back from hiring because they aren't getting more customers.

Meanwhile, the so-called underemployment rate rose to 14.8%, after falling or holding steady so far this year. Some experts say this rate is a better measure of the job market's health since it also includes people who could only get part-time positions and who have looked for a job at some point in the past year.

The rising unemployment rate contained a glimmer of good news. It increased because 642,000 people re-entered the labor force, often a sign of economic optimism. Economists attribute the jump to graduating college students looking for jobs earlier, as well as jobs created at start-up businesses not captured by survey of established employers which produces the closely-followed payroll number.

Class of 2012: How we got our jobs after college!
Still, the report marks a major turnaround from the beginning of the year. Job growth started off strong in the first two months of 2012, thanks in part to warmer weather that boosted hiring in construction and some other industries.

But it now seems clear that the economy is not strong enough to sustain monthly job growth that exceeds 200,000, economists said. Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.9% in the first quarter, significantly slower than the 3% growth rate at the end of last year.

As a result, employers don't feel the need to boost their payrolls.

"It's not like businesses are being swamped with demands for goods and services," said Sean Snaith, an economist with the University of Central Florida.

At the same time, companies are being very cautious because of the events in the U.S. and abroad. That isn't likely to change anytime soon, especially with the U.S. presidential election looming in November.

0:00 /2:52How the unemployment rate is measured
"Whenever uncertainty abounds, it's hard to open the floodgates on hiring," said Ellen Zentner, senior economist at Nomura Securities. "I would expect to see anemic hiring persist over the next few months."

But the overall job market still has a long way to go to climb out of the deep hole left by the financial crisis. Of the 8.8 million jobs lost, only about 3.8 million have been added back.

Roughly 12.7 million Americans remain unemployed, and 42.8% of them have been so for six months or more. The number of long-term unemployed rose to 5.4 million, up from 5.1 million.

Correction: An earlier version of this story incorrectly stated the number of jobs in the private sector. There were 82,000 jobs created in the private sector in May.

Here you go Gypsy, even CNN is reporting the same thing..

29 Re: Money and Politicians on Fri Jun 01, 2012 9:54 pm


Stocks slammed as Dow erases 2012 gains
By Hibah Yousuf @CNNMoneyInvest June 1, 2012: 7:10 PM ET

NEW YORK (CNNMoney) -- Wall Street suffered its bloodiest day of the year Friday as U.S. stocks sank more than 2% following an ugly jobs report. The Dow erased all its gains for the year, and the S&P 500 and Nasdaq moved into correction territory, down more than 10% from the year's highs.

The sell-off was broad, with all 30 Dow components ending in the red, and 97% of the S&P 500 closing lower.

As jittery investors fled stocks, they plowed into the safety of U.S. government debt, pushing the yields on the 10-year Treasury note and the 30-year Treasury bond to fresh record lows.

The Dow Jones industrial average (INDU) plunged 275 points, or 2.2%, the biggest one-day drop since November. The blue-chip index gave up all its gains for the year, and is now 99 points below where it finished 2011. The S&P 500 (SPX) lost 32 points, or 2.5%, and the Nasdaq (COMP) dropped 80 points, or 2.8%.

The S&P 500 and Nasdaq are now down more than 10% from their highs of the year, which means they are officially in what investors call a correction.

"The U.S. employment report was simply terrible," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

The May jobs report showed only 69,000 jobs were added to payrolls, less than half the 150,000 jobs forecast by economists surveyed by CNNMoney. The unemployment rate ticked higher for the first time in a year, rising to 8.2%.

The CNNMoney Fear and Greed index showed investor confidence sliding even farther into "extreme fear" territory on the news.

Investors run for cover as fear intensifies
"The move in bond markets is even more telling," said Joe Saluzzi, co-head of equity trading at Themis Trading. "A 1.5% 10-year yield? That's fear."

Bond yields have been in record low territory for the past couple of weeks, as fears of Europe's escalating debt crisis have been building. A report on Friday showed the eurozone unemployment rate at a record high of 11%. (Unemployment rate - explain it to me)

Concerns about slowing growth in emerging markets, including China and India, have also put investors on edge. Two reports out of China Friday morning showed that the manufacturing sector contracted more than expected in May, fueling investors' concerns that the country may be headed for a hard landing.

As global economic growth has slowed in the last year, exports to Europe -- China's largest foreign market -- have taken a hit as the debt-ridden region teeters on the brink of recession.

"We've got concerns about Europe, China, India, the United States -- this is a global problem," said Saluzzi. "Investors have no place to hide."

Given the growing fears, and fragile market and economic environment, Saluzzi said central banks around the world -- particularly the European Central Bank and the Federal Reserve -- will likely come out with plans to help stimulate the global economy.

Speculation that the Fed will launch a third round of bond buying, or QE3, which is meant to keep long-term interest rates low, has been growing, but Saluzzi is not convinced that it's the right solution.

"Interest rates are already low, and that hasn't worked," he said. "I'm sure the Fed will try something, because that's what it does, but it needs to attack from a different angle."

U.S. stocks finished in the red Thursday, ending a difficult month on a weak note. The Dow and S&P 500 dropped more than 6% in May, while the Nasdaq shed more than 7%.

0:00 /2:14That funky smell? It's the U.S. economy
Economy: Personal income and personal spending for April increased 0.2%. Analysts had expected the figure to increase by 0.3%.

The May installment of the ISM Manufacturing Index showed that U.S. manufacturing growth slowed in May. The index fell to 54.5, down from 54.8 last month and below expectations of 54. Any reading above 50 indicates growth in the sector.

April construction spending rose by 0.3%, but that was below forecasts for a 0.5% rise.

Companies: Shares of Facebook (FB) hit a fresh low of $26.83 Thursday before bouncing back, ending the day up 5% at $29.60. The stock edged higher Friday, closing up 0.1%.

Shares of food producer Sara Lee (SLE, Fortune 500) slipped after the company said it was spinning off its international coffee and tea business, which will pay a special dividend to existing Sara Lee shareholders. Sara Lee also announced a 1-for-5 reverse stock split.

BP (BP) said it was considering selling its 50% stake in TNK-BP, a Russian oil joint venture, after it received an unsolicited bid for the holding. Shares of BP gained ground.

Groupon (GRPN) shares fell. The online discount service, which has been dogged with questions about its accounting practices since its initial public offering in November, ends its lock-up period Friday, meaning that insiders who own shares will be able to sell them.

The nation's Big Three automakers -- General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler -- all reported a jump in car sales in May, but the results were less than expected by some analysts -- another sign that the U.S. economy, while growing, remains weaker than hoped.

World markets: European stocks closed deep in the red. Britain's FTSE 100 (UKX) dropped 0.9%, while the DAX (DAX) in Germany sank 3.2% and France's CAC 40 (CAC40) tumbled 2.5%.

Asian markets ended mixed. The Shanghai Composite (SHCOMP) closed slightly above breakeven, while the Hang Seng (HSI) in Hong Kong slid 0.4% and Japan's Nikkei (N225) fell 1.2%.

Hedging won't save your portfolio or pension
Currencies and commodities: The dollar rose against the British pound, but fell versus the euro and the Japanese yen.

Oil for July delivery slid $3.30, or 3.8%, to settle at $83.23 a barrel.

Here is another one Gypsy, fresh off CNN. Wow they are saying the same thing Fox is, could it be because it is true.

30 Re: Money and Politicians on Fri Jun 01, 2012 10:00 pm


also that is old hat after 13 months in office, I am talking of The 27 months after first taking office, the USA is better now than it was the 8 years bush was preside,unemployment down and jobs up~ so your posting from a different subject! line president does not cause oil to go up your speculators do, the ones the republicans support! false report.

82,000 is better than none the repubs have created

31 Re: Money and Politicians on Sat Jun 02, 2012 12:39 pm


I am posting from news as of yesterday, face it the shovel ready jobs never existed, stocks are destroying peoples savings, and unemployment is a shambles. Factor in the ones who's benefits run out each month and are left to lose their homes. Great job Obama on bringing this country up, his statement improvement is just around the corner TWO years ago is laughable now.

32 Re: Money and Politicians on Sat Jun 02, 2012 12:53 pm


yes blame it on the republicans,infra structure has been offered over and over the pugs will not work with Obama, they have admitted it~ because the pugs won't approve of a bill in the house now for more regulations.. Bush /pugs the one sto blame for the recession and loss of jobs savings and most of what is wrong with our country now I am also through here with this subject

33 Re: Money and Politicians on Sat Jun 02, 2012 1:09 pm


gypsy wrote:now I am also through here with this subject
One thing I have learned in my life is that Gypsy's are never done with a subject, ever. .. lol!

34 Re: Money and Politicians on Sat Jun 02, 2012 1:18 pm


Thank you Tyler,

35 Re: Money and Politicians Today at 12:03 am

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