Oh man, this will be REALLY bad news for McCain!

[KillCapitalism]

I was just watching CNBC & they had an economist on who said that the unemployment rate could shoot to over 7% next month due to increasing layoffs. The guy also stated that if this is the case, that it will be pretty bad for the republicans in November. Bad news for workers, but potentially good for us b/c if we get Obama in we can start lowering that unemployment rate.

[BrklynLiberal]

1. Just have to convince the morans that McSame and the Barracuda are not REALLY going to

be agents of change.
It is amazing to me how they can lie so much with a straight face....but that is what Rovian politics is all about.

We can only hope that they are caught so dead-to-rights that it becomes impossible to lie their way out of their previous lies.

[Earth_First]

2. Yea, but cheerleading higher unemployment rate doesn't quite seem compasionate either...

I'm not accusing you in particular.

However, there is a small (but vocal) cheerleading section for economic doomsday as an effort to resecure government control.

[Warpy]

3. It's not cheerleading as much as a recognition of the fact

that things will have to get so bad that the mob is outside the Capitol and our pudgy, overpaid Congress is frightened sufficiently to make real changes.

Until that happens, changes will be timid and mostly cosmetic.

[asjr]

7. I agree. It will take most of us

pounding the pavements all over this country and especially in DC for anything to begin to happen. We need an 8 million man march. We have to part the Red Sea of debt. We owe every country in the world. They own us. Yet, nothing seems to change. The criminals have taken over. And I am so tired of rhetoric.

[Liberal_in_LA]

4. Part of the jump in umemployment this month is the discouraged coming back on the rolls due to

extended benefits. A jump to 7% would probably be more of the same - the hidden unemployed coming out of the woodwork. So don't worry, no one's cheerleading for more unemployed.

[dkofos]

5. I don't believe the 6% unemployment rate now, and I won't believe 7% either.

[ColbertWatcher]

6. Sorry, but when it's "Bad news for workers" it's bad for US too. n/t

[KillCapitalism]

9. I hate to see anyone lose their job, but...

if Obama gets in there we can reverse the trend, although it may take a few years.

If McCain gets in there with the same Bush economic policies, workers will be REALLY screwed and you'd see unemployment hit 10-12% within 6 months to a year of him being in office.

[ColbertWatcher]

14. I agree McCain would be disastrous for the economy, but ...

... no one is hoping that more people to lose their jobs, homes, etc.

[defendandprotect]

8. Imagine what the REAL figures are . . . !!! And these figures are probably also juggled --- !!!

[KillCapitalism]

10. The real figure is the U-5 or U-6 rate.

The Government currently measures it in the U3 index. Google this if you don't know what this all means.

Anyway, the "real" or U-5 or U-6 rate is probably double the 6.1 rate they are currently reporting, so yes the numbers are deceiving.

[lonestarnot]

11. Real number is probably closer to 10 or 11!

[Dont_Bogart_the_Pretzel]

16. I've thought it has been double digit since 2001

I never trust / believe anything any RE:puke: has to say. Probably what cost me my last job,

[defendandprotect]

17. Right . . . I'm guessing around 20% - if people hadn't moved on to lesser jobs ---

Maybe even more . . . ???

I imagine it will take a long time for the Dems to recalculate everything ---

all the reporting standards have been downgraded - changed to benefit unreality ---


If this nation makes it past election '08 successfully, I'll be amazed ---


Meanwhile, folks, the planet and our food supply are suffering --- crops are not doing well.

[lonestarnot]

12. And how are we going to pay for Freddie and Fannie when the slave laborers have no jobs?

[Wilber_Stool]

13. We may need

a New New Deal.

[terrya]

15. But please let's not gloat about this.

People losing their jobs. This is why I hate McCain/Biden. They just don't give a damn about ordinary Americans.

This is why we need to elect Obama/Biden.

[zanne]

18. I'm convinced that Republicans really don't care how miserable their lives will be...

It's their "my Party, right or wrong" philosophy that makes them vote for monsters.