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Jobless claims jump, wholesale food costs surge

hypocritexposer

Well-known member
Nothing To See Here - Naked Gun


U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigor.

However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth.

Despite a string of recent data that had signaled a pickup in the economy's momentum, the figures on Thursday showed the job market continues to struggle.

The number of Americans filing for first-time unemployment benefits rose unexpectedly to 445,000 from 410,000 in the prior week, a Labor Department report showed. It was the biggest one-week jump in about six months and confounded analyst forecasts for a small drop to 405,000.




U.S. producer prices climbed 1.1 percent in December after a 0.8 percent rise in November, according to another Labor Department report. Economists had been looking for a repeat of that 0.8 percent advance in December. For the year as a whole, the PPI index was up 4 percent.

Inflation excluding food and energy, however, rose just 0.2 percent, in line with forecasts. That left the year-on-year gain in core producer prices at 1.3 percent, just below analyst estimates, helping tame inflation fears.

The rising prices producers receive ultimately could put upward pressure on retail prices, acting like a tax on consumers that could slow growth. Up to now, companies have not been able to pass increasing costs onto consumers because of weak demand, but that too has consequences.

http://news.yahoo.com/s/nm/20110113/bs_nm/us_usa_economy_jobs




OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Feeling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.
 

hypocritexposer

Well-known member
ReaganVobamaJobs6qsRecov-1.jpg
 

hypocritexposer

Well-known member
January 15, 2011
Democrat Diversion Strategy Succeeds Again
By Steve McCann

The Democrats and the Left have once again succeeded in their most well worn, time tested and effective tactic: diversion. For the past six days the country has been watching the spectacle of the Republicans and those on the right defending themselves from absurd and trumped up accusations.

This strategy has been so successful over the years that the Left and their allies in the media are now so emboldened that they will literally create any accusation out of whole cloth in the assumption that the Republicans in Congress and on the national stage, as they have in the past, will cower in a corner and pledge their undying fealty to "civility." Once they have done so, the Democrats and their allies will have the upper hand.

While this circus has been on the front pages, the need for this diversion becomes self-evident. The news and future prospects for the country and the world economy continue to worsen.

Global food prices have reached a nominal all-time high, surpassing the previous peak seen in 2007-08, when food riots rocked the poorer countries of the world. The consensus is that due to weather, demand and smaller inventories, the prices of the basic food commodities will surge even further. The cost of a barrel of Brent crude oil is approaching $100.00 and some estimates indicate it may hit as much as $120.00. All the futures prices of metals and other commodities vital to manufacturing are also nearing or exceeding all time highs.

The inflation rate in China is approaching double digit levels (annualized basis). In Europe the rate is rapidly exceeding the targets set by the central banks, and in the United States, the Federal Reserve continues to effectively print money while the government goes about its trillion dollar annual deficit spending spree. Since 2008 the U.S. monetary base (basic measure of money circulating in the economy) has increased over 200% from $800 Billion to $2.1 Trillion. This is unprecedented and is one of the underlying causes of inflation but more importantly as the unavoidable inflation picks up in the United States it could well be a catalyst for potential hyper-inflation reminiscent of the 1970's.

The Fed is relying on their unproven ability to quickly undo their monetary policy and a continued high unemployment rate (which stifles demand due by restraining consumer spending) to dampen down inflation fears in the U.S. In essence their policy is one of hope and a prayer as to their ability to contract the money supply and permanent joblessness for many unfortunate Americans.

On the 13th of January, Standard and Poor's and Moody's announced that U.S. debts are piling up so fast that the AAA bond rating is in serious jeopardy. What does that mean? The U.S. now has $14 Trillion in public debt. At the current average interest rate of 3.24% (10 year Treasury) over the past two years, that debt will cost $450 Billion to service. If the rates should rise to their 20 year average of 5.5%, the cost of carrying that same debt will be $750 Billion. The loss of the AAA rating would cause the rate to exceed that historical level forcing the interest bill to be even higher making it the single largest budget item, approaching $1.0 Trillion.

The Labor Department just announced that jobless claims increased an unexpected 35,000 last week. Home foreclosures exceeded 1,000,000 in 2010 and will surpass that level in 2011. The EPA just announced that it, for the first time ever, has withdrawn a mining permit for a mountaintop coal operation in West Virginia. This action also threatens dozens of other coal mining projects in the Appalachian region, further killing jobs and together with the oil drilling moratoriums and new regulations increasing dependence and spending on foreign sources of energy.

While so much attention has been focused on the accusations of the Left regarding the Tucson murders, the world has marched on and the news is not good. The Democrats will use these diversionary tactics again, but we and the country cannot allow it to succeed and take our eye off the precipitous course the nation is on, and instead make certain the Republicans in Congress and on the national stage focus on solutions and not defensive strategies.

http://www.americanthinker.com/2011/01/democrat_diversion_strategy_su.html
 

hypocritexposer

Well-known member
Bullhauler said:
Keep saying how tough it is. This farmer will take todays economy any day over any year in the eighties.

If you are the type to only think of yourself, of course you will think this economy is great.

You and OT are very much alike.

But if you look at the big picture and where this is all going, if it continues, you will have some worries.
 

hopalong

Well-known member
hypocritexposer said:
Bullhauler said:
Keep saying how tough it is. This farmer will take todays economy any day over any year in the eighties.

If you are the type to only think of yourself, of course you will think this economy is great.

You and OT are very much alike.
But if you look at the big picture and where this is all going, if it continues, you will have some worries.

That is a given, problem is niether of them think very well, kinda open mouth and see what slips out! :D :D
 

hypocritexposer

Well-known member
hopalong said:
hypocritexposer said:
Bullhauler said:
Keep saying how tough it is. This farmer will take todays economy any day over any year in the eighties.

If you are the type to only think of yourself, of course you will think this economy is great.

You and OT are very much alike.
But if you look at the big picture and where this is all going, if it continues, you will have some worries.

That is a given, problem is niether of them think very well, kinda open mouth and see what slips out! :D :D

There is usually a happy medium with everything, but gloating about profits, while others are dying due to food riots and starving is not cool.

OT and bullhauler remind me of the criticism they both heap on big corporations.
 

Lonecowboy

Well-known member
Bullhauler said:
Keep saying how tough it is. This farmer will take todays economy any day over any year in the eighties.

you know everyone is talking about how high calf prices are etc. but everywhere I go I see higher prices,all the inputs are higher higher.
we aren't getting ahead we are just staying even.
 

Larrry

Well-known member
Bullhauler said:
Not gloating I just remember how hard the eighties really were for farmers and ranchers.

The eighties were a result of the extreme commodity prices of the seventies, The eighties weren't that bad if a person didn't go hog wild and think there was never going to be another poor day. Ya know the kind where guys spent every dime they could get ahold of even if it was someone elses dime. A lot like what the fed gov is doing now
 

hopalong

Well-known member
Yep, cattle prices are up!!
So are the prices of consumable goods!!!!!!!
So is unemployment!!!
Taxes have risen!!!!
Social security has been frozen for the single income folks!!!
MY great great great grandkids will be paying for Bullhaulers success!!!!
Yup all is good in kool aid land because cattle prices are up!!!!
:wink: :wink:
Cost of a new truck is more than the cost of a new house was in the 80's
yup all is good in la la land!
 

Larrry

Well-known member
Anyone who thinks this is a good deal isn't thinking with a fullload. Your purchasing power will be down and not to mention what it does to your taxes
 

Bullhauler

Well-known member
hopalong said:
Yep, cattle prices are up!!
So are the prices of consumable goods!!!!!!!
So is unemployment!!!
Taxes have risen!!!!
Social security has been frozen for the single income folks!!!
MY great great great grandkids will be paying for Bullhaulers success!!!!
Yup all is good in kool aid land because cattle prices are up!!!!
:wink: :wink:
Cost of a new truck is more than the cost of a new house was in the 80's
yup all is good in la la land!

Lets see in the eighties we had
twenty one percent interest
the dairy buy-out
farmers and ranchers filing bankruptcy
yep them were some GOOD TIMES!!!!!
 

hopalong

Well-known member
What were you paying 21% interest on???? Bad credit will do that every time :wink: :wink: went back and looked my property interest was sure as heck not 21% :roll: :roll: :roll: :roll: :roll:
Next time pay your bills so you do not get hit so bad :wink: :wink: :wink:

Did we have double didgt unbemployment?
did whe have trillions in debt that our great great grand kids won't be able to pay off.
How many businesses were bailed out by the government?
Were we forced into buying health insurance by a government forced upon ius by needing to pass it before they kinew what was in it?

Yep these are the saving days of the U.S. economy :roll: :roll: :roll:
 

Bullhauler

Well-known member
hopalong said:
What were you paying 21% interest on???? Bad credit will do that every time :wink: :wink: went back and looked my property interest was sure as heck not 21% :roll: :roll: :roll: :roll: :roll:
Next time pay your bills so you do not get hit so bad :wink: :wink: :wink:

Did we have double didgt unbemployment?
did whe have trillions in debt that our great great grand kids won't be able to pay off.
How many businesses were bailed out by the government?
Were we forced into buying health insurance by a government forced upon ius by needing to pass it before they kinew what was in it?

Yep these are the saving days of the U.S. economy :roll: :roll: :roll:

I imagine a town boy like you with his "property interest" never had an operating loan. Always bugs me when these out of state landlords talk about their "property" I want to say we call it land you dumbass.
 

hopalong

Well-known member
LOL you are so cluless! YOu have no idea what or how much property I own or have owned You talk like you are a real big deal, from what i hear you are a wanna be rancher!
Yes fimwit i had operaring loans in the 70's in ther 80's in the 90' and still do. I have managed to keep them current and not end up paying 23% interest, as far as any out of state property I pay my taxes and am not a landlord :roll:
I call it property, when you get your tax ststement is it called land taxes??
Or is it called PROPERtY??? :roll: :roll: :roll:
When you seek operating loans do you call it land?? Or is it listed as property owned?? :wink: :wink:
Now who is the dumb ass bullhumper. :D :D
 

Tam

Well-known member
Bullhauler said:
hopalong said:
Yep, cattle prices are up!!
So are the prices of consumable goods!!!!!!!
So is unemployment!!!
Taxes have risen!!!!
Social security has been frozen for the single income folks!!!
MY great great great grandkids will be paying for Bullhaulers success!!!!
Yup all is good in kool aid land because cattle prices are up!!!!
:wink: :wink:
Cost of a new truck is more than the cost of a new house was in the 80's
yup all is good in la la land!

Lets see in the eighties we had
twenty one percent interest
the dairy buy-out
farmers and ranchers filing bankruptcy
yep them were some GOOD TIMES!!!!!

Bullhauler Help me out I'm trying to figure out something

If a 2011 2500 Dodge Power Wagon is about $45,000 base price and a 500 lb calf brings about $800. that means it would take about 57 calves to buy the truck with no frills.

Now here is where you can help how many calves did it take to buy a 2500 Dodge Power Wagon in 1980?

Then consider the price of fuel to drive that truck? today $3.09 per gallon which means a $800 calf will buy 258 gallons of gas.

What was a gallon of gas in 1980 and how many gallons could you buy if you sold one calf?

Are we really doing better?
 

hopalong

Well-known member
bullhumper
how are your taxes charged on your land or as PROPERTY?????

You called me a dumbass what are you then???????
Is it real property or land property????
You deed it as property or LAND?
Do you refer to the piece of land next to you as the LAND belonging to JOE X or that property that Joe X has?
Really who is the dumbass?????

Never mind we already know who is the dumbass. EHHHH bullhumper, or is S.D. the only state in the union that has LAND taxes while the rest have PROPERTY taxes???
EHHHH "oh mighty" know it all?????
Care to answer???
 

hopalong

Well-known member
bump for bull humper to answer,
OH never mind he will attack in another post and not really answer anything on this one :wink:
 
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