Bernanke unemployment high, Labor Day weekend August 31, 2012, Fed can do more, Economic recovery far from satisfactory, Jobless claims 374,000

Bernanke unemployment high, Labor Day weekend August 31, 2012, Fed can do more, Economic recovery far from satisfactory, Jobless claims 374,000

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama
“after 29 months of allegedly stellar job growth under Obama, the jobless rate is still 8.3%. By this point in the Reagan and Bush jobs recoveries, the unemployment rate was 7.2% and 4.9%, respectively. If we were one of those fact-checking organizations, we’d give Stephanie Cutter the “Lying Liar from Liersburg” award.”…News Busters August 26, 2012

“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

From Boston.com August 31, 2012.
“Bernanke: With unemployment high, Fed can do more”

“Chairman Ben Bernanke made clear Friday that the Federal Reserve will do more to boost the economy because of high U.S. unemployment and an economic recovery that remains ‘‘far from satisfactory.’’

He also argued that the Fed’s moves so far to keep interest rates at record lows and encourage borrowing and spending have helped bolster the economy.

Bernanke stopped short of committing the Fed to any specific move, such as another round of bond purchases to lower long-term rates. But in a speech at an annual Fed conference in Jackson Hole, Wyo., Bernanke said that even with rates at super-lows, the Fed can do more.

After Bernanke’s comments were released at 10 a.m. Eastern time, stocks initially gave up most of their earlier gains. But as investors digested the speech, stocks bounced back. By late morning, the Dow Jones industrial average was up more than 100 points. Broader stock indexes also surged.

Bernanke noted that further action carries risks but says the Fed can manage them. The Fed ‘‘should not rule out’’ new policies to improve the job market, he said.

The most dramatic step the Fed could take would be another round of bond buying. This is known as quantitative easing, or QE. In two rounds of QE, the Fed bought more than $2 trillion of Treasury bonds and mortgage-backed securities. Many investors have been hoping for a third round — QE3— to be unveiled as soon as the Fed’s next policy meeting in September.

In light of Bernanke’s comments Friday, some analysts said that might be a stronger possibility now.”

“In his speech, Bernanke cited studies showing that the Fed’s first two rounds of bond purchases created at least 2 million jobs.”

“Bernanke’s comments Friday made clear that the economy has a long way back to full health.

‘‘Unless the economy begins to grow more quickly than it has recently, the unemployment rate is likely to remain far above levels consistent with maximum employment for some time,’’ he said.”

Read more:

http://www.boston.com/business/markets/2012/08/31/bernanke-with-unemployment-high-fed-can-more/n9QmdIvIK9wPGKFNGsfSYK/story.html

From the US Labor Department August 30, 2012.

“In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The 4-week moving average was 370,250, an increase of 1,500 from the previous week’s revised average of 368,750.”

http://www.dol.gov/opa/media/press/eta/ui/current.htm

32 responses to “Bernanke unemployment high, Labor Day weekend August 31, 2012, Fed can do more, Economic recovery far from satisfactory, Jobless claims 374,000

  1. “Alabama GOP Quashes Challenge To Obama Legitimacy: Request Rejected By 9-to-7 Vote”

    http://obamareleaseyourrecords.blogspot.com/2012/08/alabama-gop-quashes-challenge-to-obama.html
    ==========
    “Alabama GOP Quashes Challenge to Obama Legitimacy
    Fear, lack of courage dominated 8 August hearing”
    By WMJNTV29 via SA.

    “On August 8th a pair of Republican conservative stalwarts went before a sub-committee of the Alabama GOP asking for their support in a proposed court suit challenging the legitimacy of Barack Hussein Obama to be President of the United States. Hugh McInnish and his lawyer Dean Johnson, both members of the state’s Republican Executive Committee, asked that the Party join with them in asking the court to issue an order to the Alabama Secretary of State requiring her to obtain from Obama a genuine birth certificate before putting his name on the ballot. Without such participation by the Party, it was unlikely that the court would hear the case owing to the petitioner’s lack of standing.

    The sub-committee rejected the request by a vote of 9-to-7, with many of the leaders below the chairman voting yea.”

  2. “MSNBC Whines About Mitt Romney ‘Throwing A Bone To Birthers’ In RNC Acceptance Speech”

    http://obamareleaseyourrecords.blogspot.com/2012/08/msnbc-whines-about-mitt-romney-throwing.html

  3. Part of Mario Apuzzo’s comment:

    August 29, 2012 1:43 PM

    http://www.blogger.com/comment.g?blogID=7466841558189356289&postID=4876804503083480762

    “Mr. Houghton,

    I am sorry to inform you that you have applied the wrong statute to Obama, given his birth on August 4, 1961. If Obama was not born in the United States, he would be an illegal alien. This means that not only would he not be a “natural born Citizen,” but he would not even be a “citizen of the United States.” If Obama was born out of the United States, he would not qualify to obtain U.S. citizenship from his U.S. citizen mother under the Congressional statute that applied to him when he was born on August 4, 1961, because she was too young to allow his to inherit her U.S. citizenship.

    Here is our U.S. State Department explaining which statute would apply to Obama birth circumstances:

    “Birth Abroad to One Citizen and One Alien Parent in Wedlock

    A child born abroad to one U.S. citizen parent and one alien parent acquires U.S. citizenship at birth under Section 301(g) of the INA provided the U.S. citizen parent was physically present in the United States or one of its outlying possessions for the time period required by the law applicable at the time of the child’s birth. (For birth on or after November 14, 1986, a period of five years physical presence, two after the age of fourteen, is required. For birth between December 24, 1952 and November 13, 1986, a period of ten years, five after the age of fourteen, is required for physical presence in the United States or one of its outlying possessions to transmit U.S. citizenship to the child.) The U.S. citizen parent must be genetically related to the child to transmit U.S. citizenship.” http://travel.state.gov/law/citizenship/citizenship_5199.html

    According to public information provided by Obama, he was born to Barack Hussein Obama and Stanley Ann Dunham after they were married. Hence, he was born in wedlock. Obama’s mother, born on November 29, 1942, was 18 years old when she gave birth to Obama on August 4, 1961. She was 117 days short from being 19 years old. But she had to be at least 19 years old (14 years old plus 5 years of U.S. physical presence) to satisfy Section 301(g). Hence, if Obama was born in Kenya, under the Fourteenth Amendment, he is neither a U.S. citizen by birth on U.S. soil nor one by naturalization. Nor would he qualify to be a U.S. citizen by any Act of Congress by being born abroad to a U.S. citizen parent. There is no evidence that Obama ever naturalized as a U.S. “citizen” after he was born. Hence, if Obama was not born in the United States, it can be reasonably argued that Obama is an illegal alien.”

  4. oldsailor80

    From the previous post–re: what you said about Valerie Jarrett: Go to this Iranian website:

    http://www.iranian.com/main/singlepage/2008/valerie-jarrett

    She is featured there as “Iranian of the Day.”

    Shia Islam is Leftist. Sunni is Rightwing. At some point the extremists on both sides meet in the jihadist cause.

    There are a number of Iranian and Shiite interfaces with Soetoro/pseudo-Obama. One was pseudo-Obama’s visit to the Dearborn mosque in 2008 when he began running for President. One of his first stops was to this mosque to visit with its Shiite cleric, Hassan al-Qazwini. It is the largest mosque in the US. Al-Qazwini had a private meeting with pseudo-Obama to which the press was denied access. He gave pseudo-Obama a copy of his book, AMERICAN CRESCENT.

    Louis Farrakhan has been an honored guest at this same mosque and at pseudo-Obama’s Trinity Church. When Ahmadinejad came to the US a couple of years ago, Farrakahn went to dinner with him. What did they talk about? Kenya? Ahmadinejad goes to Kenya to sign agreements with Odinga, Obama Sr.’s relative for whom pseudo-Obama campaigned when he was a Senator. And Odinga goes to Tehran to sign agreements with Ahmadinejad. One of these agreements was for Iran to build a nuclear power plant in Kenya. And Odinga also had secret agreements with Muslim clerics in the area, later exposed, to impose Sharia law on parts of the country after he was elected.

    Though Sunni Islam is the majority Islamic branch in Kenya, Shia Islam has deep roots there especially in Mombassa.

    Why has pseudo-Obama done essentially nothing to stop Iran’s nuclear development? Why did he not speak out when Iran cracked down on protesters to their phoney elections? Why did he support the overthrow of Sunni leaders (Egypt and Libya) somewhat cooperative with the US, but hasnpt done the same in Syria? Could it be that the leadership of Syria is Shiite and backed by Iran?

    Get my drift?

    Am I wrong to assume there are a lot of things that indicate pseudo-Obama may be an agent of Iran? The Iranian regime even uses his name in propaganda on the streets: “O ba mah,” “He is with us.” That is what his name means in Farsee (Persian).

    When pseudo-Obama was elected, people in Tehran danced in the streets calling him “brother.” Did the press cover any of this? Do they cover the Kenya-Odinga-Ahmadinejad-Farrakhan-Dearborn mosque connection?

    And there she is, Iranian-born Valerie Jarrett, his closest advisor, featured as “Iranian of the Day,” in 2008. She sits with pseudo-Obama in the White House, and from most reports I’ve seen, is calling most of his shots. She’s been doing it for a long time, too.

  5. AMEN Gordo….

    That’s what I have said all along…

    OBAMA IS AN ILLEGAL ALIEN…….period.

  6. Barack Hussain Obama IS NOT the first African-American president.

    Barack Hussain Obama IS the first African president.

  7. I forgot to mention: Every year pseudo-Obama wishes Iran “Happy Nowruz,” (Happy Iranian New Year) in their own language of Farsi (Persian), extolling Iran’s cultural contributions to the world. To what other country or countries does he do that?

  8. Philo-Publius

    Carry over from the previous topic….Get your popcorn, the DNC is sending in the clowns.

    Line-up of speakers at Democratic convention

    – Cory Booker, who hasn’t held statewide office;
    – Julian Castro, who also hasn’t held statewide office but apparently is the best Democrats can do by way of a Rubio-esque Latino political rising star;
    – Tammy Baldwin, who’s far left even by the standards of the House Democratic caucus and is highly likely to lose to Tommy Thompson in this year’s Wisconsin Senate race;
    – Kamala Harris, the AG of California and certified union stooge, who’ll likely follow Jerry Brown as Democratic administrator of the state’s Greece-like fiscal disintegration

    And of course there’s Fauxcahontas, the great liberal hope of the future, who’s already 63 and has run a sufficiently dismal campaign that she’s trailing Scott Brown in the bluest of blue states. Beyond that, it’s nothing but no-names; exhausted party retreads a la Pelosi and Kerry; Charlie Crist and Linc Chafee for comic relief; and a few NARAL/Planned Parenthood types to remind America what’s really important with unemployment still stuck above eight percent. That’s what’s on tap this year from the Party of Youth and Fresh Ideas.
    http://hotair.com/archives/2012/08/31/confirmed-line-up-of-speakers-at-democratic-convention-is-simply-terrible/

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  9. Philo-Publius | August 31, 2012 at 4:52 pm

    Yes, Philo, it’s shaping up to be Moonbat Heaven at the old DNC next week; there’ll be so many of then down in NC that they may just block out the sun.

    In addition to Fauxcahontas (a/k/a Liawatha) Warren and barky’s pal, Cadillac Deval Patrick, the convention will be treated to a ‘speech’ by Hizzoner, the Mayah of Boston, Thomas M. (‘Mumbles’) Menino. You’ve gotta hear this guy.

    I’ll watch it for one reason, and one reason only: Comic relief.

  10. One person who will not be at the DNC next week: Hillary Clinton

  11. A small Reaganesque moments:

    ROMNEY: But he’s eager to give Russia’s president Putin
    the flexibility he desires after the election.
    (AUDIENCE MEMBERS): Boo.
    ROMNEY: Under my presidency our friends will see more
    loyalty and Mr. Putin will see a little less flexibility and
    more backbone.

    Read more: http://www.foxnews.com/politics/2012/08/30/transcript-mitt-romney-speech-at-rnc/#ixzz25A3pbVVK

  12. citizenwells

    observer.
    That was one of my favorite statements.

  13. “We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama
    *********************************
    Only a self-deceived fool would have such delusions of grandeur.

  14. citizenwells

    Even Hitler knew when to exit.

  15. Dean M. | August 31, 2012 at 5:24 pm |
    One person who will not be at the DNC next week: Hillary Clinton
    **************************
    Dean M.,
    Do you have any thoughts as to why? She is running as far away as she can with scheduling in the Far East all week. Yet her husband is giving the keynote address, isn’t he? Of course, that relationship is not the normal one, as we all know.

  16. citizenwells | August 31, 2012 at 5:54 pm |
    Even Hitler knew when to exit.
    *************************
    Exactly. So we have more of a fool than he was. Wow!

  17. citizenwells

    A bigger narcissist.

  18. gate keeper glen beck tried to mention larry sinclairs name but just couldnt give him any cred they all just tell 90 percent truth

  19. Cabby – AZ | August 31, 2012 at 6:36 pm | citizenwells | August 31, 2012 at 5:54 pm |
    Even Hitler knew when to exit.
    *************************
    Exactly. So we have more of a fool than he was. Wow!
    ======================
    None of them seem to exit before Satan is done with them! And it’s usually not a pretty exit.

  20. Read this and see if you come to the same conclusion that this guy is not stable…delusional….or under some spell:

    Obama: Republican voters ‘often agree with me’

    http://dailycaller.com/2012/08/31/obama-republican-voters-often-agree-with-me/

  21. Observer,
    That article leaves me speechless. He is all of the above -unstable, delusional and under some spell. This man has to be removed as soon as possible, because anyone who is that irrational should not have his hand on the nuclear button………among other things.

  22. What a beautiful Blue Moon over Kentucky tonight.

  23. Philo-Publius

    MSNBC’s Touré Neblett Reacts to Ryan’s Speech: For Women and Minorities, ‘Our Rights Do Not Come From God or Nature’
    http://newsbusters.org/blogs/tom-blumer/2012/08/31/msnbcs-tour-reacts-ryans-speech-women-and-minorities-our-rights-do-not-c

  24. Philo-Publius | August 31, 2012 at 10:43 pm |

    Philo, it’s obvious. All the freaks at pravdaNBC are unstable, delusional and under some spell. I’ve tried to watch it for a few minutes now and then, just to see them froth at the mouth (because it can be funny when I’m in a masochistic mood), but it’s not funny any longer. They are totally unhinged now, as evidenced by Chrissy’s recent outbursts. I believe that deep down they know they’re going to lose and they’re lashing out like spoiled little children being told NO! They fear the spanking coming their way.

  25. “Jumah Muslim prayer event for 20,000 Muslims removed from DNC web site calendar.

    What is so disheartening about the so-called “Jumah at the DNC” is that it has thus far gone unnoticed or ignored by the mainstream press.”

    The DNC Convention ought to be “interesting”, considering they are having the Moslem prayer at the start…they have removed the info from their website because it has hit the “alternate media” and they don’t want people to know about it. But, watch. They’re still coming and the alphabet news probably won’t cover it.

    http://www.floridafamily.org/full_article.php?article_no=175

  26. DeanM………….
    The place to watch is not the DNC. It is what MMMMMSSSSS. IMPORTANT is doing in China. Could she be MORTGAGING more of the land that used to be called America? She doesn’t seem to understand that Americans ALREADY own it and that she DOES NOT have the right to secure loans from the Chinese,and use other peoples property as collateral. I would strongly suspect that THAT IS WHAT SHE IS DOING in China. When a few of us wake up one morning with Chinese soldiers pointing rifles at us we will then know what she was doing. Your farm is no longer yours it now belongs to the Chinese government. How do you LIKE THAT? There is NOTHING or NOBODY to stop her.

  27. …………..You see,after the war was over Germany had NOTHING to use as collateral for international loans to get back on it’s feet. All they had left was LAND, and it DIDN’T matter who was the rightful owner of the land. It ALL became part of the collateral that Germany used to obtain foreign financing. If you was once a land owner,after Germany was finished with you ….you was NO LONGER the owner of your farm. The German government became the owner. Whether the land owner liked it or not. Watch out because you will STILL BE TAXED as the rightful owner.

  28. Radar Ziva………….
    Good time for a fruit jar full of shine, where after indulging you could end up HOWLING AT THE BLUE MOON.

  29. ………….One little scrap of information is incorrect. Hitler DID NOT KNOW WHEN TO LEAVE. He thought that he was going to rule for 1000 years. Talk about a person with a twisted mind. The best that can be said for Hitler is that he was in fact INSANE. The story which circulated for many years is that he had end stage syphilis,and it had finally attacked his mind. I personally see a very close similarity between Soetoro’s behavior,and the known behavior of Adolf Schickelgruber.(HITLER)

  30. ………..Hitler was NOT man enough to face the the war crimes trial which he knew would happen if he was captured. He knew that he would HANG, and he chose the COWARDS way out, and imposed the same medicine for his imbecile bride.

  31. John in Illinois

    Feds Drop Criminal Case Against Sheriff Joe Arpaio
    PHOENIX (AP) — Federal authorities announced Friday that they’re closing their abuse-of-power investigation into Maricopa County Sheriff Joe Arpaio in Arizona without filing charges against him.

    Authorities were investigating America’s self-proclaimed toughest sheriff for his part in failed public corruption cases against officials who were odds with him. Arpaio brought cases against a judge and two county officials in 2009.

    Good News for change ! You think Joe has the “goods” on Barry ??

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