Unemployment 8.9 pct, loss-rate slows

'll only remind those that think the owners-management rarely employ intimidation, as a means to prevent workers from unionizing, to look at the history of labor, in America. Take a quick course in labor history in this country and you will read of the owners' hiring of goon squads to kill and cripple workers, who had the courage to fight for their constitutional rights ! You will read of the worker's struggle to enact laws against child labor, for 8 hour work days, and 5 day work weeks. Just to name a few of the benefits the workers had to fight, tooth and nail, to wrest from, those, oh, so generous and gentle owners !! These were hard fought concessions from the owner-management-goons. They weren't conceded by the generosity of the owners-management-goons. Many women and men were beaten and killed for workers to be treated fairly, in the workplace, in AMERICA !! Where do you think holidays came, from God, up above !! No, the workers fought for them !! Now, the owners have moved the good jobs overseas, or to other countries and the American worker is suffering, because greed rules the roost. Now, the greedy ones are wondering what to do, to get our economy back on track !! Bring back the good-paying manufacturing jobs, pay workers an honest days pay and limit your profit taking to a, not too greedy, 5-10% ! I know that is a pipe dream, but stranger things have happened !! Look at the moron that has just exited our White House !! That was about the strangest occurrence, I have ever witnessed and he was re-elected !! So, America is full of surprises and one of them may be, good jobs will return to America and workers will, again, enjoy the right to unionize with out the owners-managers threatening them, if they want to chose a union !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

Listen, i think it's wonderful that they are reporting that "new" employment claims have slimmed off, but what about the total number of currently unemployed- I believe that from what I have heard and read- that the number of new claims has slowed- but no new jobs have opened- therefore things are really the same if not worse.

Worst unemployment rate in 25 years.

In his first three months as president, Barack Obama has oveseen a net job loss of nearly 2 million jobs.

So much for that $787 billion stimulus package and that $700 billion bailout saving the economy.

Such nice optimistic reporting!

Them union teachers sure have brought us a quality educational system, right Don? With 55% of Chrysler they should jump on board and make a viable company but they will pass as they let the air out of the tires anyway. Unions are bad news for anything other than their own self interest. They should be banned form politics for sure. Supporting card check is un-American. Anything else, Don, as your union jobs head overseas because of unions? Get with the global economy, support China, so it can support your man Obama's debt spending! Where is them stimulus dollars, lost in the government red tape again?

It seems the rabid forgot who brought us this crisis. 8 years of the so called "conservative" party brought us to the brink of disaster. Now they want it to go away in a matter of days. Once again while the ankle biters whine, America seems happy with the progress. But keep posting...the other piranha love it.

If only we'd expanded oil drilling in Alaska and eliminated all taxes, the economy would be a model of perfection right now. Everyone would have an above-average job, with an above-average house, and an above-average gas guzzler. There would be no losers.

"Worst unemployment rate in 25 years.

In his first three months as president, Barack Obama has oveseen a net job loss of nearly 2 million jobs."

And who was President during that time?

Oh right, Reagan.

Bubba is right. The american worker should do no better than the worst paid third world laborer. We should have American workers living no better than the workers in China, Burma, or any other third world country. That will make America great again. The problem with america today is that unions have prevented the average worker from the deep suffering they deserve. Thank you for having the guts to point that out Bubba, Hopefully with the help of great americans like you, we can make this nation the third world country it should be!

You are missing the really big financial news today:

Wolin was just rubber stamped by the Senate banking committee as Depty. Treas Sec.

He was general counsel at Treas. when Larry Summers and Bill Clinton decided that derivatives did not need to be regulated.

At today's hearing, he refused to acknowledge this was a "mistake".

In fact he said only that "more robust" regulation was needed.

Falsely implying that there was any regulation of the metatastic derivatives markets to start with.

Which thanks to Clinton, Summers, himself, their friends on Wall St. and my friends in the Republican Congress, there was NOT.

I love the smell of unregulated markets in the morning!

All you suckers who got hosed when the derivatives bubble was pricked by Hank Paulson, got what you deserved!

Meanwhile, check out Hank's portfolio.

You'll find he is sitting pretty.

Them union teachers sure have brought us a quality educational system, right Don?

Posted by: bubba Porter | May 8, 2009 11:57 AM

You can lead a horse to water, but you can't get rid of his a**.

I read elsewhere (CBS, perhaps?) that private sector jobs showed big losses. THe only reasons for the sort-of good news is because CENSUS workers got hired (62,000 of them). So really, it'spretty much bad news all the way around. Trillion-dollar deficits, banks in trouble, Obama selling out everyone else to make sure UAW workers get their money out of Chryslter. Man, is this a great administration or what?

BillR, do you even understand basic civics?
The common denominator here is democrats.........

FITZ,

Also, back in the day, the caveman used to go out and kill the food, bring it back to the cave, and the cave woman would cook it. Times change. The unions have served their usefulness, now their main purpose is to protect the least productive employees - of which, I believe, you are probably one.

Bill R,

Conservatives have not forgotten that gov't intrusion into lending practices have caused this recession. But thanks for asking.

Tracy,

Before you blame Reagan, ask yourself this question - was the recession caused by fiscal or monetary policy? Correct answer would be monetary - the Fed. Interest rates were driven-up in order to slow the economy and kill inflation. Remember which president was in office when that disease infected the economy? Give you a hint - his name is associtaed with the misery index?

Beth has a great point - add those temporary census jobs back into the unemployment figures and we are back where we started.

I can only laugh at those that think these are good numbers. Considering all the seasonal work that is getting started now (agriculture and construction) and the related workers they are calling up, these unemployment numbers are horible. And as always, they do not reflect the total number of displaced workers which is around 20% now, or 1 in 5 for the simple minded pugs out there.

Hey, am all for American workers, just not forced unionization, their corruption, and their self-serving politics. If you want to unionize an org. try ACORN, them poor misguided crooks need some help on worker's rights and pay.

"Remember which president was in office when that disease infected the economy? "

I do Terry. President Gerld R. Ford. Whip Inflation Now.

http://en.wikipedia.org/wiki/Whip_Inflation_Now

* * * * *
Posted by: bill r. | May 8, 2009 12:32 PM
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There you go again, bill. You use the term “rabid” unequivocally to refer to conservatives, and then you wonder why people get ticked off when you use it carelessly to mean something else.
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Also, there you go on again about the “conservative party” that supposedly “brought us to the brink of disaster.” I think you are old enough to know that merely repeating this stuff doesn’t make it true. In the first place, the Duh’bya and Company lost their credentials as real conservatives early on. In the second place, economists who have studied the matter know that private sector practices, rather than the government, brought on this problem. The government didn’t (and doesn’t) have enough power to create such problems all on their own. In the third place, if you’re trying to claim Republican opposition to regulation brought this on, then we have to have an honest discussion of the way the Democrats in Congress continually ignored warnings issued by the White House, and even rebuffed Republican Congressmen, over the trouble brewing in the housing market and GSEs. If politicians are to blame on the basis of that theory, there is plenty of blame to go around.

Lou,

The economy got much worse under Carter. However, if you want to throw the moderate Ford under the bus, go ahead. Reagan should have been the nominee in 76

Terry, I'm not throwing anyone under the bus., I'm just pointing out the facts., the facts you got wrong. It's interesting that you view acknowledging the actual historical record as throwing someone under the bus. I guess it just shows that your hyperpartisanship overrides your honesty.

Lou,

My historical record is correct. There was inflation under Ford. Carter had four years to fix the economy - he didn't. He lost in a landslide. Reagan came into office and inflation, interest rates, and unemployment all dropped. Facts.

"Remember which president was in office when that disease infected the economy? "

Terry, We can all see your original post. You didn't say inflation got worse under Carter, you said it started under Carter. You lied. Twice. Fact.

It was bad under Ford, worse under Carter, cured under Reagan. Play all the little semantics you want.