Unemployment Rate Jumps to 10.2%; AP Reports ‘Economy Is Rebounding’

The October unemployment rate has just been released and it has jumped to  double digits at 10.2%, nonfarm payroll employment continued to decline (-190,000), the worst rate since 1983. Any higher unemployment rate would make this the worst recession since the Great Depression.The full BLS press release is here.

So how is the Associated Press reporting the growing unemployment numbers? “The economy is rebounding.” I kid you not …

The economy is rebounding from its deepest slump since the 1930s, but it probably won’t seem that way when the government releases its monthly employment report on Friday.Employers aren’t expected to start adding jobs for several more months. Many are skeptical about the strength and sustainability of the recovery,

The nation’s economy probably lost a net total of 175,000 jobs in October, pushing the unemployment rate to 9.9 percent, according to a survey of Wall Street economists by Thomson Reuters. The Labor Department report is scheduled for release at 8:30 a.m. EST.

Most economists think the rate will eventually surpass 10 percent, a level last seen in June 1983.

The real unemployment number is available here and its now … 17.5% (table A-12, item U6). How’s that hopey changey thing working out for you?

Jack Welch blasts President Obama, Barney Frank

Thomas Grillo of the Boston Herald writes about Jack Welch’s speech:

Jack Welch, the former CEO of General Electric, blasted the Obama administration and Congressman Barney Frank this morning telling a banking audience that the Democrats’ actions to restructure the entire economy are “insane.”“I hope that the New Jersey and Virginia governor’s race will put some realism into this administration,” Welch told an enthusiastic crowd at the Bank Administration Institute convention at Boston’s Convention and Exhibition Center. “I hope it will cause them to pause and not just jump into anything they encounter.”

Welch was referring to the races on Tuesday where Republicans bested Democrats, a sign some say that voters are unhappy with President Barack Obama’s handling of the country.

If We Have Some Global Warming

It’s a spoof of the song “If I Had A Million Dollars”, by the Barenaked Ladies alternative rock band.

Fox played a short clip of this spoof today on Megan’s show, and the leftards went nuts.

As they should, the only thing left is to intimidate and lie, becuase AGW science has gone bye bye. Hey even Al Gore is trying to convert from science to church doctrine.

Obama’s Star Crash Lands

Writing in the Los Angeles Times on October 25, Peter Nicholas framed the problem perfectly:

Now tack on a trio of state and local political races. With an off-year election fast approaching, Obama is stepping up his commitment to Democratic candidates in hopes that an infusion of campaign charisma might pump up turnout.

What the party is finding, though, is that the electricity of 2008 is tough to recapture.

Some Democratic candidates running for local office around the country call the phenomenon the “Obama hangover.” It is proving tougher to recruit volunteers and get people to vote.

Despite an all out effort in New Jersey and Virginia, with Obama in ads calling on voters to get “fired up once again” the collective yawn coming from his supporters must be a frightening silence drifting down the halls of the White House.

The real story is the independents walked out on the Oba-Mao, well they more likely ran, but they were gone, 2:1 in both states. Looks very much like the realignment of voters lasted one whole year.

Fool me once. Obammunism is dead.

GOP Blue-Prints Health Care Plan

The GOP plan is a plan aimed at the problem, improving health care for America, not at creating a whole new set of incomprehensible problems. And this GOP plan, Leader Boehner has made clear “our proposal will focus on the No. 1 concern of the American people—reducing health care costs, and we do it at a price tag our nation can afford”. Salient points:

• Number one: let families and businesses buy health insurance across state lines.
• Number two: allow individuals, small businesses, and trade associations to pool together and acquire health insurance at lower prices, the same way large corporations and labor unions do.
• Number three: give states the tools to create their own innovative reforms that lower health care costs.
• Number four: end junk lawsuits that contribute to higher health care costs by increasing the number of tests and procedures that physicians sometimes order not because they think it’s good medicine, but because they are afraid of being sued.

A 230-page draft was obtained Tuesday by The Associated Press. A spokeswoman for Minority Leader John Boehner, R-Ohio, said changes were still being made before the bill would be finalized in time to offer as an alternative when Democrats begin floor debate on their bill, possibly at the end of this week.

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The bill leaves out a number of the dumb high cost features of the Democrats’ 1,990-page legislation, such as new requirements for employers to insure their employees and for nearly all Americans to purchase insurance. It also doesn’t block insurers from denying coverage to people with pre-existing health conditions, as Democrats would do.

Instead, the Republican plan increases incentives for people to use health savings accounts, tort reform — caps non-economic jury awards in medical malpractice cases at $250,000, provides various incentives to states with the aim of driving down premium costs and allows health insurance to be sold across state lines.

“As Leader Boehner has made clear, our proposal will focus on the No. 1 concern of the American people—reducing health care costs, and we do it at a price tag our nation can afford,” said spokeswoman Antonia Ferrier, though Republicans have not said how much their bill would cost.

“Our proposal will help struggling middle-class families and small businesses by increasing access to affordable, high-quality health care,” Ferrier said.

The AGW Consensus Is Fake

BTW: Did You know the United States has largest energy reserves on Earth, according to a report from the Congressional Research Service.  So what is this energy independence lie the Democrats are pushing on us about ? Lies, damn lies.

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Eminent Professors of Science have taken the extraordinary step of writing another open letter to Congress to warn them again that there is no consensus about AGW and that they are being deceived. The brand name ‘Science’ is being used for a power grab. Decades of good-will has been stolen by the hunters from big finance and wannabe autocrats.

Blue Dogs, Who Are You ?

So you Blue Dog Democrats got elected to the House of Representatives by claiming to be conservatives. Fine. Now it’s time to prove it.

Will you serve your constituents — or Nancy Pelosi?

Typically, what “Blue Dog Democrats” means is the lying Democrats who fake being conservative so they can get elected in conservative districts that would otherwise elect Republican conservatives. Often, as what happened in 2008 the ‘blu-dogs’ run more conservative than the candidate that they are opposing, that is supposedly conservative.

The ‘blue-dogs’ then go to Congress and elect liberal party leaders who then run them around in circles, making their voters wonder what’s up with that? All politics is local, and if you can lie your way into office, the better you are.

Doug Ross has put together this list(click the widget above) of Blue Dogs so yo can call your blue-dogs … When Pelosi most needs them. Or are you with the American people, you know, the ones you said you were fiscally conservative to?

Tyranny Comes In Many Forms

Tyranny comes in many forms — Keep a watchful eye.

“Mankind will in time discover that unbridled majorities are as tyrannical and cruel as unlimited despots.” – John Adams

“We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge, or gallantry, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a religious and moral people. It is wholly inadequate for the government of any other.” — John Adams

In light of the present financial crisis, it’s interesting to read what Thomas Jefferson said in 1802…:

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”  — Thomas Jefferson

“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” — Thomas Jefferson

“The strongest reason for the people to retain their right to keep and bear arms is as a last resort to protect themselves against tyranny in government” — Thomas Jefferson

Was Jefferson a Prophet?

“Crisis is the rallying cry of the tyrant.” — James Madison

“Oppressors can tyrannize only when they achieve a standing army, an enslaved press, and a disarmed populace.” — James Madison

Madison wrote most of the U.S. Constitution. As a political theorist, Madison’s most distinctive belief was that the new republic needed checks and balances to protect individual rights from the tyranny of the majority.

It is uncanny how these same basic principles apply today …

NY-23 Hoffman Up By 15%

Public Policy Polling reported tonight that conservative Doug Hoffman is leading Democrat Bill Owens by 15 points in a head-to-head contest.

Here are some interesting facts from our unweighted numbers so far:

-In a three way contest Doug Hoffman leads Bill Owens by 19 points. In a two way contest Hoffman leads Owens by 15 points. So the Dede Scozzafava withdrawal and endorsement will probably tighten the race some but not nearly enough.

-58% of Republicans think that Scozzafava’s a liberal and that was obviously before her endorsement today.

-The Rush Limbaugh effect- Hoffman has a 79 point lead with Rush listeners while Owens has a 6 point lead with people who don’t listen to the show.

Country star John Rich headlines Watertown “get-out-the-vote” rally Monday night for Hoffman!

Public Policy Polling also has Christie leading Corzine by 6, 47-41 in New Jersey.

Republicans headed for a Virginia sweep — Bob McDonnell leads Creigh Deeds 56-42 in PPP’s final poll of the race.

Government Rationed Health Care, The End

Complete with screenplay and fine music as the assisted suicide doctors come in … It’s the scene from Soylent Green that was key to leading police officer Robert Thorn (Charlton Heston) to the fountain head of the mystery, where does Soylent Green come from? Elderly police researcher Sol Roth (Edward G. Robinson) figured out Soylent Green, it’s people, and decided to die instead of reveal the secret.

Trailer:

Sol’s death scene:

The future form of assisted suicide?

From the film ‘Soylent Green’   – Charlton Heston’s tears at Sol’s death were real, as Heston was the only cast member who knew that Edward G. Robinson was dying of terminal cancer. This was the 90th and last movie in which Robinson appeared. He died nine days after the shooting was done, on January 26, 1973.

The “going home” score in this part of the film was conducted by Gerald Fried and consists of the main themes from Symphony No. 6 (“Pathétique”) by Tchaikovsky; Symphony No. 6 (“Pastoral”) by Beethoven; “Morning Mood” and “Åse’s Death” from the Peer Gynt Suite by Edvard Grieg.

We may get there yet … Obamcare has all the characteristics. When you are no longer productive, do the right thing for the greater good. If this gives you the creeps, it should.