Archive for 18 Aug 2012

…unexpectedly, of course. Remember that these numbers do not include the people that have completely given up looking for work. My brother was laid off last week.

And the SCOAMF is worried about Romney’s tax returns. What a douche bag.

Unemployment rates rose in 44 U.S. states in July

WASHINGTON (AP) — Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide.

The Labor Department said Friday that unemployment rates fell in only two states and were unchanged in four.

Unemployment rates rose in nine states that are considered battlegrounds in the presidential election. That trend, if it continued, could pose a threat to President Barack Obama’s re-election bid in less than three months.

Nationwide, hiring improved in July after three months of tepid job gains. But the national unemployment rate ticked up to 8.3 percent from 8.2 percent. Monthly job gains have averaged 150,000 this year. That’s barely enough to accommodate population growth. As a result, the unemployment rate is the same as when the year began.

Read more.

…are on the way.

This being the liberal utopia of stupidity, doesn’t surprise me in the least. I’ll bet dollars to doughnuts that the morons in this state will vote themselves another tax increase so that they can pretend that it will solve all their problems. Or, they’ll do like normal and focus on taking away more gun rights instead of fixing the state’s budget problems. Of course, getting rid of all the liberal idiots from the state legislature would be a great leap in the direction of fixing this state’s problems, but it will never happen, at least until the libtards decide to invade another state and fuck that up too. I’m talking about you Nevada.

Moody’s: More Calif. cities at risk of bankruptcy

SACRAMENTO, Calif. (AP) — One of the nation’s top credit rating agencies said Friday that it expects more municipal bankruptcies and defaults in California, the nation’s largest issuer of municipal bonds.

Moody’s Investors Service said in a report that the growing fiscal distress in many California cities was putting bondholders at risk.

The service announced that it will undertake a wide-ranging review of municipal finances in the nation’s most populous state because of what it sees as a growing threat of insolvency.

The report has both investors and government leaders worried.

Three California cities – Stockton, San Bernardino and Mammoth Lakes – have filed for bankruptcy so far this year. They are not likely to be the last, Moody’s said.


…is an absolute FAIL.

So, how’s that bailout working for you? Not so good you say.

Well, it’s worse than you think it is. And the SCOAMF wants to do this to other industries too. Socialism at it’s finest.

Obama’s ‘Success Story’ Headed for Bankruptcy

On the campaign trail, Barack Obama’s signature definition of “success” is the government bailout of General Motors. “I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he told an audience in Pueblo, CO last week. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” That pronouncement should send a shiver up the spine of every American, due to an inconvenient reality: according to Forbes Magazine, GM is likely headed for bankruptcy all over again.

The numbers are stark. The 500,000 shares of GM stock, comprising 26 percent of the company owned by the government–or more accurately the American taxpayer–sold for $20.21 on Tuesday. This left the government holding $10.1 billion worth of stock representing an unrealized loss of $16.4 billion. Even worse, in order to reach the break-even point, the stock would have to sell for around $53 per share.