Stimulus: 1.5 million jobs created, saved

STUNNING IS THE LEVEL OF LYING AND DECEIT BY THIS SHAMINISTRATION!!!

From recovery.org
Prime Recipient: CSX CSC Transportation, Inc.
Amount: $8,685,799
Jobs Created./Saved: 20

That is $434,290 per job! How do I get me one of these!

Here's some more doozies:
http://republican.senate.gov/public/index.cfm?FuseAction=Blogs.Detail&Blog_ID=c724320e-497d-4ad3-8022-eff17d444eb0&Month=10&Year=2009

Keep spinning it, Nobama. Here's what CBS says:
President Obama's job approval rating has fallen to 46 percent, according to a new CBS News poll.

http://www.cbsnews.com/blogs/2010/01/11/politics/politicalhotsheet/entry6084818.shtml?tag=stack
===================
A Question: Economists were predicting that there would be positive job growth in December, but it turned out that 85,000 jobs were lost. If economic forecasts based on statistical models are often proven wrong then why did she feel confident touting the fact that nearly 2 million jobs were “created or saved”?
================
Here's what the Chamber says:
U.S. Chamber warns of 'double-dip' recession because of Dem policies
http://thehill.com/business-a-lobbying/75401-us-chamber-warns-of-double-dip-recession

==============
And here's what happens if Obamunism continues . . .
The Journal explained just how reckless Obama's spending has been: "From 2001 to 2008, under President Bush, federal…discretionary spending grew by 54%. Mr. Obama's policies have expanded these agency budgets by another 57% over just two years." Obama has also increased federal welfare spending by one-third over the first two years, with total government welfare spending now slated at $10.3 trillion over 10 years.

From the early 1950s, after federal spending settled down following World War II, until last year under President Obama's neo-socialist revolution, federal spending was stable during those 50 plus years at around 20% of GDP. Today, after one year, the federal government is 40% larger at about 28% of GDP, a national tragedy in terms of lost economic freedom. But federal projections show that by 2040 federal spending will soar to close to 40% of GDP, due primarily to the exploding entitlement programs Social Security, Medicare and Medicaid. Dumping Obama's national health care program on top will just make the situation much worse.

Add in state and local government spending, and total government spending will be well over 50% of GDP. Counting the Obama spending increases and the negative effects on the economy from all this Overwhelming Government, total government spending will grow to over 60% of GDP.

If anything even close to this happens, America will be over. We will be socialist Sweden instead, which even Sweden is leaving behind now. Traditional American prosperity will be gone. Forget about the American Dream. We, as a nation, would no longer be worthy of that. Under the new system where we give most of what we earn to government bureaucrats and they tell us what we can have and how to live, the whole notion of economic freedom and prosperity will have been eradicated.

This is nice, but pulling numbers out of thin air is obviously not working for Americans. They want to see the president working hard on jobs and the unemployment number actually drop.

http://www.political-buzz.com/

Is this a joke from the obama admin? Are we supposed to believe this? Give me a break! Unbelievable...

This is hog wash. Saved jobs. They have no real way of proving this. As for his road construction money. I dont know about everyone else, but, My roads suck, the interstate they fixed has pot holes in it already from the ice and salt. Pure nonsense.

That's $393,500 per job supposedly "saved or created" - and a real unemployment rate at over 15% of the work force if you count all those working part-time, unemployed and actively looking for work, or droped out of the employment sector all together. Not a good deal for the American people - no matter how they try to spin it.

Created or saved? Does obama think we are that stupid. obama and his crew are counting any job were an employee even received $1 from "stimulus" as saved. This $1 trillion in so-called stimulus funds has does nothing but put us further in debt and will extend this recession for years. 1 in 5 Americans are unemployed (counting those who are receivng unemplloyment and those who are discouraged and have stopped looking for work, who are excluded from government unemployment rate). 2010 will be even worse.

America, we are in trouble.

What the truth is that Obama created these welfare jobs within government. No "saved" jobs on main street.

Does anyone truly believe anything this administration says anymore? Everyone knows this report is worth nothing more than the toliet paper its written on.

Hmmm ? But unemployment still hovers around 10% Nothing like skewing the numbers to quiet the critics !

I thought they gave up on this when their $18 million website proved to be a joke ... maybe one day they will define what the jobs are , what a joke, oh and by the way what about blowing past 8.5% unemployment? nothing to look at here jsut drinkl the cool aid and move on... can't wait too see what FREE healthcare cost me and how I can keep my current program, for a small up charge, or at least until they take it over as well!

Who do they think they are kidding?!

I'm a professional person who has been out of work for more than two years!

Change we can believe in? Ha!

People are losing their homes to florclosure, millions are out of work, the economy is in the toilet and Obama's primary concerns are healthcare and global warming.

What a joke!

So why is my company laying off about 15% of its current work force this week?

Oh brother. Not this "created or saved" nonsense from the WH again. Its pretty clear to most folks out in the real world the so called stimulus has not had the intended effects, unless you're a wall street banker....

White House: I call'em the way I see'em, and if I don't see'em, I make'em up. What a joke this WH is. From the empty suit in it, to everything below it.

All I can say about this report and Christina Romer is hahahahaha. Created or saved job? Are you KIDDING me!?!?

Who exactly is on this "Council of Economic Advisors"?

It took us 8 dismal years of Bush&Cheney economics, if such a creature exists, so President Obama and Vice-President Biden can not reverse the previous administrations' disastrous record in 1 year. So far, though, so good. We have a very long way to go, but if Americans can come together, we can help those unemployed, that much faster !! Come on, Republican-Libertarians, put down, " No, you can't America " and go forth with " Yes, we can, America" ! Watch how fast those unemployment numbers decline, from the disappearance of 900,000 a month, in the waning days of the Bush&Cheney administration, to an actual jobs gain, last month. so, President Obama's efforts are helping to improve the unemployment disaster. Keep up the good work, President Obama !! Most of America is supporting you and your good efforts.
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

HORSE HOCKEY! Anyone who believes the propaganda coming from this administration about saving jobs (a claim that can be neither proved or disproved) believes that JAWS was just another fish trying to get by. How would the current crop of politicians even be able to recognize a job? Most have never had a real one! Election Day 2010 cannot come fast enough for me. That will be the day when patriotic Americans will regain their senses and castrate the Democratic Party for what they have done to our country.

Sure right ;-| I'm sure they were created. 1.5 million MAY have been saved but more were lost. You can make anything look better by throwing unfounded stats like this out there.

If this Administration was serious about creating jobs for Americans, it would suspend the H1B Visa program immediately and cancel all the existing visas.

That single stroke-of-the-pen move would free up tens of thousands of high-paying, high-tech white collar jobs for U.S. citizens.

It would also tick off a lot of fat-cat Silicon Valley political contributors, so don't hold your breath.

the term "saved or created" has to go.

HA-HA-HA-HA!!!!

You're kidding, right?

Please feel free to show us where they are!

Who are these people trying to fool? Numbers can be made into anything they want. How does this claim balance out with 10% + unemployment? Like Joe WIlson said "you Lie".

A Massachusetts solar panel company recently moved its operations to China because the obama administration wasn’t doing anything to help them keep the jobs here. When are voters going to wake up and realize obama says what you want to hear and does whatever he wants to further his personal socialist agenda?

They had to change the guidelines to "any job funded" by stimulus money in order to get these figures.

That means, if stimulus money purchased a GM vehicle, then they count all GM employees as "saved" jobs.

Its ridiculous spin.

And Sham Wow picks up 12 times it own weight! Just another President telling us what he thinks we want to hear.

These "jobs created" statistics have about as much credibility as the industrial productivity statistics once touted by the Soviet Union.

But even if it's true that "$787-billion stimulus program saved or created 1.5 million to 2 million jobs last year," that's $787-billion/2 million jobs = $393,500. per job.

And, the few jobs that have actually been created appear to be mostly government jobs-- which someday will have to be paid for with taxes on the privaate sector.

I thought there were a few more (million) government hacks about.

"The new report incorporates data from stimulus recipients who said they saved or created 640,000 full-time-equivalent jobs as of the third quarter."

Really? Well the stimulus recipients DID NOT create those jobs by loaning money to small businesses, so what does this even mean? The banks saved their own jobs. AND their CEOs managed to stay out of jail! So now they get to reward themselves with nice bonuses.

This report has all the signs of an administration grasping for SOMETHING...ANYTHING.

I'm a Democrat, but I'm also a small business owner and it is pretty plain that these two things are at odds now.

Okay class. Now count with me. Barry "NICHOLAE CARPATHIA" Obama created 32 jobs with the appointment of his socialist / communist czars.

Now let's look at jobs saved. 1. Obama's job; 2. Biden's job; 3. Hillary's job; 4. Rambo Emmanuel's job; 5. 435 jobs in the congress; 6. 100 sentate jobs;

Now do you get the general drift of how these LIARS are counting jobs created and saved? Any questions, class?

Earlier this week, the white house changed the way that jobs saved is counted. If a road project goes through, everyone who worked on that job - whether they would have been laid off or not - is a "job saved.

The "real" unemployment rate, as reported by the Trib today is 17%. I don't think the WH has anything to be proud of here.

" Robert ", if you are going to tell the whole story about Evergreen Solar, than, please do so. If I am not mistaken, they had already begun to move jobs to China, before President Obama even entered our White House. Come on, " Robert ", the truth will set you free. A whole loaf is better than a half a loaf !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

How stupid do the Obama people think we are?

"Saved or created" will be the "mission accomplished" of this administration.

I spent a lot of last year's Christmas asking the elders about the depression. It seemed that was where we were heading.
8 years of crap and this isn't completely reversed in 1 year? shocking.

Fortunately there is some progress reversing Bush's unemployment trend. http://www.washingtonmonthly.com/archives/individual/2009_12/021288.php

I guess Bush saved tens of millions of jobs then, based on the same accounting used by the democrats. Now obama is saying he's failed to unite the country......you can't fail at something you didn't try in the first place. "We Won" sums up obama and his band of tax cheats. Hard working Americans lost! The best thing this incompetent in office could do to unite the country is resign! Taking back both houses in 2010 will stop this bozo from doing more damage.

I guess Bush saved tens of millions of jobs then, based on the same accounting used by the democrats. Now obama is saying he's failed to unite the country......you can't fail at something you didn't try in the first place. "We Won" sums up obama and his band of tax cheats. Hard working Americans lost! The best thing this incompetent in office could do to unite the country is resign! Taking back both houses in 2010 will stop this bozo from doing more damage.

1,500,000 or 150,000 or 15,000,000.
Doesn't matter what they say. They have no credibility left. The only thing we know for sure is this administration will say anything, fewer people are working today, and their policies are making things worse. Expect 2010 to have a deficit larger than 2009, a proposed budget for 2011 (due Feb 1) to show $trillion deficits for as far as the eye can see, higher unemployment, higher interest rates, higher taxes (state, federal, local, UN).
Finally people are figuring out that Obama did not inherit the financial mess from Bush- he inherited the mess from from Congress 2006-2008. And the current Congress just keeps making it worse. Throw them all out!

As Sarah said in the other article.."A bunch of BS".

But good to see Don Fitz is on board with those numbers. And of course it's still Bush's fault right Don. He rammed stimulus 2 through the system. Can't read it Don, just pass it or else we are in trouble! What was the rush Don? When is the money going to be spent? When will it ever create real jobs?

You know Obama is out of line when even the Associated Press!! says these numbers are to be viewed with suspicion. Check the link below:
http://www.jsonline.com/news/81286837.html

1.5 Million jobs created, Obama?

Tell that to the huge line of people that stand out in front of the unemployment office near where I live, day after day, week after week, month after month.

Hope and change my foot!

1.5 Million jobs created whoooo hooooooo team BO we are the best

I am an Executive Recruiter and 2009 was the job market I have seen in my 24 years in the recruitment business. I would like to know where all those jobs that the the Obama White House claims were created are? A lot of my client companies have position openings that they are not filling because of the possibility of new Federal Mandates and Taxes from the Health Reform Bill. It seems that Obama and the Democratic Leadership put their priorities in Health Care Reform and paid little attention to the job market.

What about Chrysler? I suppose Obama might count these jos as "jobs saved". Only problem is that since chrysler got Federal dollars , they have cut more workers, and sold fewer cars . the workers left at that company have less and less to do every month. Chrysler's long term plans focus on making its new models in Mexico , not the United States. Any jobs saved at Chrysler were only temporary, not permanent. This example is typical of the non thinking of the Obama administration- focus on the short run and ignore the long run.

HE LIES!!! (But the sheeple are too moronic to get it)

Here's jobs...snow jobs...

Keep them honest....

Watch Today's FCIC-Banker Hearings Live Commercial Free

Jan 13- 14
http://tinyurl.com/ycct6nj

No wonder president panty waist hasn't taken questions from reporters since July, 2008.
These numbers are a slap in the face to all Americans, except, Don.

Paulo

This new claim by the WH must be a hoax. He can't prove any jobs have been saved in Georgia and especially metro Atlanta. My son has been trying for almost two years to get a job and there is just NOTHING out there.

Obama surely can do better than this foolish statement.

How many jobs were saved or created from the fraudulent zip codes and congressional disticts that don't really exist?

What most of you fail to understand is that the jobs lost in the past year were mainly managerial and professional jobs because the banking industry collapsed. The jobs created were more blue collar or municipal (teachers/cops). What amazes me is most of you think a job can be created by a drop of the hat !!! Even if Obama gave generous tax breaks to businesses, they wouldn't hire the way you expect them to. This is a greed game. They would hire maybe when demand increases but businesses are enjoying making existing working make up the difference and paying out less. And for anyone to expect a sudden turn around is obscene. Typical American attitude. Want it fast don't care about quality.

The number of jobs in the economy was rising during the Bush administration. The recession he inherited from Clinton, and made worse by 9/11 was reversed.

The Dems hounded Bush for his "jobless recovery", yet jobs continued to grow until the Dems took over congress in 2006.

Coincidence? I think not.

Obama needs to CREATE 8 million jobs to get back to where the economy was when the Dems took over - that's a creation rate of 3x what the historic creation rate is. Better get working!

Amazingly, I too saved or created 2 million jobs, but I did it all last weekend. Go ahead, prove me wrong.

WHERE OB must think all the taxpayers are idiots how come the unemployment keep going up the rate is near 20 percent counting the people that can`t find a job and are looking tell the truth or god going to punishOB

I 'saved' fifty lives this morning when I decided not to run them over with my car at the bus stop ...

Yeah, 1.5M jobs, right... Unemplyment still over 10% and going higher from what I see.
More people losing there jobs and ZERO incentive for people to invest or spend. Anyone who has money is holding it because of the absolute uncertainty of it all. The stimulus was a monumental waste of Obamacal proportions.

1 person ( who we can tell is a drunk kool-aid drinker ) is defending obama while everyone else knows him and all the rest of the bullsh*tters are full of it....................................

That's it, blame George Bush -

I heard from my girlfriends' cousin's momma's psychic dishwasher repair asistant that George Bush also caused the new Cadillacs to come out two days late !!!

At some point, there has to be something in the USA that has gone wrong that the Bush Derangement Types can blame on someone else? Just Maybe ...

more than a year and they still blame GWB.. what will the excuses be in 2 years? 3? 4? there sure wont be a "next term"

1 person ( who we can tell is a drunk kool-aid drinker ) is defending obama while everyone else knows him and all the rest of the bullsh*tters are full of it....................................

That's it, blame George Bush -

I heard from my girlfriends' cousin's momma's psychic dishwasher repair asistant that George Bush also caused the new Cadillacs to come out two days late !!!

At some point, there has to be something in the USA that has gone wrong that the Bush Derangement Types can blame on someone else? Just Maybe ...

more than a year and they still blame GWB.. what will the excuses be in 2 years? 3? 4? there sure wont be a "next term"

Obama is sitting there eating Kobe beef and acting like he's a post-American king of the World while his policies DESTROY the middle class.

I read that something like 700 manufacturing firms in Illinois have closed.

700 is a huge number. It takes years, if not decades, for people to build businesses and Obama's policies are responsible for many of these closings because of his anti-business policies. The companies ran out of savings and just went poof.

We need to get rid of these Democrats/Liberals. They have no clue about how the world really works and the pain they cause is tangible.

I guess when Obama talks about "hope", what he means is that we are to hope that things don't get too bad.

Well, I see racism is still alive and well in this country. Only racists don't believe what Obama says. Deal with it.

The middle class in this country has been robbed. We're worse off than 10, 20, 30, 40, or 50 years ago. Shame on Obama's administration for making such false claims.

It took us 8 dismal years of Bush&Cheney economics, if such a creature exists, so President Obama and Vice-President Biden can not reverse the previous administrations' disastrous record in 1 year. So far, though, so good. We have a very long way to go, but if Americans can come together, we can help those unemployed, that much faster !! Come on, Republican-Libertarians, put down, " No, you can't America " and go forth with " Yes, we can, America" ! Watch how fast those unemployment numbers decline, from the disappearance of 900,000 a month, in the waning days of the Bush&Cheney administration, to an actual jobs gain, last month. so, President Obama's efforts are helping to improve the unemployment disaster. Keep up the good work, President Obama !! Most of America is supporting you and your good efforts.
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

The only jobs created were in the government where we all know how useful their work is to us.
These are more lies from Obama.

And Colonel Sanders "saved or created" two million chickens!

Nobody, not even the White House and its media allies, takes these claims seriously.

Lies that is all this is.

Woo hoo! It only cost $525,000/job!

the "REAL" racists think people hate obama because hes black.. not true... sorry you sad excuses for human beings its not obama;s race,,its what hes doing to america. only a true racists would say those things. we know you voted for him only because hes a % black. you believe that its your turn to be in charge of this country. most people who voted for obama did so because they actually thought he ment "hope and change" but then again theres those like the few we see here posting silly crap like "deal with it" those are the ones who voted by race and race alone...

I saved $350,000 today by not buying a Rolls-Royce.

Is this 1.5 M jobs number the revised way or the old way the Obama admin. is counting the jobs? It would be best to actually LIST the jobs and sectors where jobs have actually been created. And, where is the new national infrastructure, and the new high speed railroads? We still have unsafe bridges where I live. But, yes Obama, continue to build new bridges in Iraq and Afghanistan. All talk and no walk. All taxpayer theft and no taxpayer benefit. All theft from the middle class for the insurance industry stock market boom. Obama needs to resign for the crime of reality not matching the promise.

from a democrat:

Why Obama Must Take On Wall Street

Last week, Senator Chris Dodd, chairman of the Senate banking committee, announced he would not seek re-election next November, recasting himself as a lame duck who will do whatever the banks want. Mr Dodd’s decision “makes it more likely that regulatory reform will be enacted”, says Edward Yingling, chief executive of the American Bankers Association, because it “frees him from political dynamics that would have made it more difficult for him to compromise”. Translated: Dodd’s committee will report out a bill – Democrats would be embarrassed not to – but it will be weak because voters can no longer penalise Mr Dodd for rolling over for the Street.

What is truly remarkable is what Congress and the administration have shown no interest in doing. Large numbers of Americans have lost their homes to bank foreclosures or are in danger of doing so. Yet American bankruptcy law does not allow homeowners to declare bankruptcy and have their mortgages reorganised. If it did, homeowners would have more bargaining power to renegotiate with banks. But neither Congress nor the administration has pushed to change the bankruptcy laws. Wall Street opposes such change and was instrumental in narrowing the scope of personal bankruptcy in the first place.

http://tinyurl.com/yhqmd9e

What a joke, Another "Lie" from the Obama Administration. So I suppose this will help them justify another wasteful spending program in the name of jobs creation. Come on Americans, wake up and stop this fiscal insanity. Stop the spending and cut government spending - handouts. It's our money they are wasting.

I haven't lose my job. Must have been that fine stimulus package that done it!

JB.... your a sick uneducated racist yourself if you can't see what's happening in the world. Race has nothing to do with it, the country is falling apart while he travels around with his celebrity status. Hell, I'm not sure if he's more actor or politician. But he sure has no real clue what he's doing or those that follow him.

Repeating it, ad nauseum, Republican-Libertarians, does not make it true or accurate. President Obama did not give America this economic disaster, we are suffering through, at this time. Bush&Cheney are the perpetrators of the Great Recession, bordering on a Great Depression. My hope is that those responsible, inside and outside our government, will get jail time for their malfeasance or for their criminality. Let's get that done and get America back on track !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

If you do not like the way the numbers add up, change the way you count. Some pigs are more equal then others.

HUH????????????????

The "stimulus" failed and everyone including Roemer and BHO know it. In 2010 they will pay the price for their deceit.

The wingnuts have part of an argument. The problem here is whether or not to try a reasonable and rational discussion with crazy wingnuts. It's not so much that the numbers are questionable, as we have no idea on what they are based. Another point is that there ARE jobs available. I see them in the newspaper and several different job sites every day. Or do the wingnuts believe the ads are lying. A big problem is people that cannot get the type of jobs they held previously and refuse to get trained for something else. Tech, medical, and education jobs are plentiful right now. The auto industry is not good right now. As a matter of fact, those looking for the unskilled or low-skilled jobs paying $30.00/hour are probably out of luck. Go back to community college or a technical school and get trained for the jobs that exist. This was true long before Obama became President. But the right wingnuts are not looking for common sense. They only want to insult. One wingnut here blamed Obama for not doing enough to keep a company from going to China. Wait a minute- isn't it a conservative mantra that the government should not be doing this? What a bunch of blowhards!

Don , is it the Republican-Libertarians that are making your boy lie like rug? or let me guess BO's lies are Bush/Cheney's fault. that old line is getting tired. SUPPORT OUR COUNTRY STOP POSTING MORONIC RANTS NOW.

How many times do you allow Don Fitzgerald to repeat his Left Wing rants against Republicans and Libertarians, and sing his praises of the Obama Administration. Don still has not figured out there is a difference between Republicans and Libertarians. Don has also not figured out that job losses, although lower in numbers, keep disappearing as the year has gone on. This number compounds with those of the earlier job losses and unemployment keeps rising. Don, the continued loss of jobs and rising unemployment is an American problem and not a partisan Republican - Democratic issue. Wake up and smell the coffee.

It's the same thing like saying that since I didn't buy the $28 million home in Winnetka, I just saved myself $28 million. The only things that are "saved or created" are stories from the White House. Who are they kidding?

I voted for Obama......I abhored the Bush administration for all their policies...if you don't see its business as usual your lying to yourself:

Americans are damn tired of the lies, the misdirection and the utter failure of The Obama Administration to do what they promised to do - that is, to not be an administration catering to the banksters.

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Mr. Obama said in an interview on CBS's "60 Minutes" program on Sunday.

YOU ARE A LIAR MR. PRESIDENT.

http://tinyurl.com/ybjcvzq

The Chicago Sun-Times: Factory-job losses among worst in 98 yrs. [Yet the Chgo PMI showed unfathomable strength for years.] A publisher of industrial directories said Monday that losses in factory employment in the Chicago area are among the steepest it has seen in 98 years of compiling data.

Manufacturers' News Inc. said Chicago has lost 8 percent of its industrial jobs since late 2008, bringing the total number of jobs to 114,092. Over the same period, it said, industrial employment fell 6 percent in northeast Illinois, to 593,370 jobs.

Statewide, 51,925 jobs and 709 companies have been lost since late 2008, the publisher said. It reported Illinois now has 854,081 industrial workers at 20,079 employers. Twenty years ago, its database had 1.1 million industrial jobs in Illinois.

http://www.suntimes.com/business/1985526,CST-NWS-industry12.article

If jobs improving why this?

Fitch: U.S. Prime Jumbo RMBS Delinquencies Nearly Triple to 9%; CA Drives Trend

NEW YORK - (Business Wire) More U.S. prime jumbo borrowers are falling and staying behind on their monthly mortgage payments, with states such as California and Florida driving the elevated underperformance, according to Fitch Ratings in the latest edition of its U.S. RMBS delinquency updates through Performance Metrics.

Overall, prime RMBS 60+ days delinquencies rose to 9.2% for December 2009, up almost three times compared to the same period last year (3.2% in December 2008). The 2006/2007 vintages combined rose to 12.7% from 4.3%.

The five states with the highest volume of prime jumbo loans outstanding (California, New York, Florida, Virginia, and New Jersey) comprise approximately two-thirds of the loans in question. Prime jumbo RMBS 60+ days delinquencies for these states at December 2009 compared to December 2008, and their approximate share of the $388 billion market, are as follows:

--California: 10.8%, up from 3.5% (44% share)

--New York: 5.8%, up from 1.8% (7% share)

--Florida: 16%, up from 7.3% (6% share)

--Virginia: 5.4%, up from 2.3% (5% share)

--New Jersey: 7.1%, up from 2.3% (4% share)

Prime jumbo borrowers that were current on their mortgage the previous month but missed a payment the following month (roll rates) averaged about 1% a month for the last 12 months, reaching a seasonal high of 1.3% in December 2009. 'While some of these borrowers caught up, many either remained a payment late or became more delinquent in the succeeding months,' said Managing Director Vincent Barberio.

Despite some improvement in home prices and a slowdown in employment loss, roll rates have not improved primarily due to the number of prime jumbo borrowers who owe more on their mortgages than their home is worth. 'Over one-third of prime jumbo borrowers that are current on their mortgages also are 'underwater' on their mortgages,'

alz:
(snip)

Obama is sitting there eating Kobe beef and acting like he's a post-American king of the World while his policies DESTROY the middle class.

I read that something like 700 manufacturing firms in Illinois have closed.

700 is a huge number. It takes years, if not decades, for people to build businesses and Obama's policies are responsible for many of these closings because of his anti-business policies. The companies ran out of savings and just went poof.

(snip)

~~~~~~~~~~~~~~~~~
So now it's Obama's fault that businesses are moving out of Illinois?
Illinois doesn't have a business-friendly way of doing things and that's a state problem. It's taxes basically.

Maybe you should take one of those civics classes that Terry offers.

President Obama inherited a storm. Unless someone lends him Thy Rod Moses used to part the waters of the Red Sea, I expect 2010 to be a year of rebuilding. If we are all lucky, 2011 will be a return to the good years under Bill. I remember being able to throw a dart at a Stock Symbol Chart and putting $20 into that investment and making money - guaranteed. I remember a $2 Trillion Dollar SURPLUS. 2011. Be patient. We need to rid the multi-headed cancer left by W, first. Yes We Can. --P.S. I am a post-Graduate professionally degreed Caucasian. Judge Barack on the content of his character. He is smarter than all of us in this blog and any of the others. You better hope so if you disagree because we all share the same future. Stop being so critical. The Mayan Calendar ends in 2012. Live it UP while there is time.

Let's recap MS. Romer's plan - something dosen't add up. The attached graph is from Romer's projections.

The light blue line shows what their projection was if no Stimulus was passed - unemployment would peak just over 9% in early 2010.

The dark blue line shows what they projected unemployment to be if the Stimulus was passed - peaking at 8% and now would be about 7.7%.

The Stimulus was passed and unemployment is 10%, about 2.3% higher than they projected, but yet she claimed the Stimulus created or saved 2 million jobs.

It looks like the Stimulus has added a full percentage point to unemployment, but yet it created or saved 2 million jobs.

http://michaelscomments.wordpress.com/2009/06/08/correction-to-the-may-unemployment-chart/

Scratch you head on that one.

Still Writing Wrong,

I'm glad you see that there is a corrolation between high taxes and high unemployment.

Hey plpanayi - He is smarter than all of us? How would you come to that conclusion when his administration has steadfastly refused to open his transcripts so we the people could (somewhat) accurately judge? Because even if his grades are stellar, I've met too many academicians who are not the brightest bulbs in the pack...just keep apologizing for him, though...

With all the so called brains in Washington, how to they always come up with this "fussy" math?

disgusted:
(snip)
before Obama became President. But the right wingnuts are not looking for common sense. They only want to insult. One wingnut here blamed Obama for not doing enough to keep a company from going to China. Wait a minute- isn't it a conservative mantra that the government should not be doing this? What a bunch of blowhards!

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the rightwing nuts are also demanding the government provide jobs.
Provide jobs doing exactly what ?
Since when is it the governments responsibility to find anyone a job.
This ridiculous unreasonable demand comes from the same group who casually toss the phrase " nanny state " around.