The DNC KenyanCommieMooselimbDidn'tBuildIt MegaThread!

[grumbler]

And talk about losing your shit...

http://twitchy.com/2012/09/07/liberals-cuss-out-archbishop-timothy-cardinal-dolan/ 

You keep citing this site as though it had any cred with anyone but you.  To me, it looks like the web version of Fatso's radio show, or the Penthouse forum that featured letters written by the staff of the magazine.

But, hey, if that kind of thing gives you a stiffy, go for it.  Just don't share it.

[Caliga]

They tried to do something with her poodle hair but it idoesn't look a whole lot better.

If black broads can get that shit straightened, why can't she?

[Ed Anger]

You people leave Debbie alone. 

[Admiral Yi]

No, Citizenship is helping the government provide cheese to those who need a bit of help until they can earn their own cheese; and it's acknowledging that you have eaten government cheese too.

By this definition half of Americans citizens aren't citizens.

[CountDeMoney]

96,000 new jobs in August.  Unemployment drops from 8.3% to 8.1%.

[crazy canuck]

96,000 new jobs in August.  Unemployment drops from 8.3% to 8.1%.

Apparently not a good news story for the President.

The U.S. economy added 96,000 jobs in August, a disappointing result that could prompt an aggressive response from the Federal Reserve and complicate President Barack Obama's bid for re-election.

America's unemployment rate declined to 8.1 per cent, a level that nonetheless far exceeds the Fed's unofficial target of jobless rate closer to 5.5 per cent. Unemployment of that scale also will force Mr. Obama to test history, as rarely is an incumbent returned to the White House without economic momentum at his back.
 
The Labor Department's latest jobs survey, released Friday in Washington, suggests the economy is sputtering. The U.S. economy needs to create about 100,000 jobs a month simply to keep up with new entrants to the labour force.
The government said non-farm payrolls grew by 141,000 in July, a downward revision from the original estimate of 163,000. The U.S. economy created an average of about 73,000 jobs a month in the second quarter, and an average of about 226,000 a month in the first quarter.

Economists have a tendency to shrug off monthly data, preferring to gauge the economy's strength by following the trend. However, Friday's report will receive an unusual amount of scrutiny because it comes on the heels of Mr. Obama's speech Thursday at the Democratic convention – and less than a week ahead of the next meeting of the Federal Reserve's policy committee.

Fed chairman Ben Bernanke expressed deep concern with a "painfully slow" recovery, calling the employment situation "grave."

Many Wall Street economists are convinced the Fed will deploy new stimulus measures next week; the debate only is which weapons policy makers will take from the armoury.

At a minimum, it appears likely the Fed will extend a conditional promise to leave its benchmark interest rate near zero until at least the end of 2014. Less certain is whether the Fed will opt to go bigger and resume creating money to buy financial assets, a strategy know as quantitative easing, or QE. The Fed has done this twice since 2009, and some policy makers have said publicly in recent weeks that it is time to do so again.

"The employment report is seen as key, if not decisive, for the QE3 at next week's meeting," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York.

At the start of the year, the U.S. unemployment rate was 8.3 per cent, and it was widely thought that if the jobless rate fell to 8 per cent Mr. Obama would likely be assured of a return to the White House. The economy would now need to generate close to 300,000 jobs a month between now and November to achieve that mark, according to Hamilton Place Strategies, a Washington-based consultancy.

The Democratic Party spent the last three days at its nominating convention in Charlotte, North Carolina attempting to create the impression that the economy, while far from satisfactory, still is better than it was four years ago when Mr. Obama took office.

A stagnant labour market will make that argument more difficult. Mr. Obama can say that private sector employers have added in excess of 4.5-million positions over his term. Yet governments have cut payrolls deeply, leaving the president with a net loss in total employment.

"The report underscores President Obama's failed promises to get our economy moving again," John Beohner, the Republican speaker of the House of Representatives, said in a statement Friday.

According to various surveys, Wall Street analysts were expecting a payrolls increase of about 130,000. The disappointment could weigh on stock markets, which surged Thursday after the European Central Bank unveiled new measures meant to calm the region's debt crisis.

Factory employment declined by 15,000 positions in August after a gain of 23,000 in July. Service companies kept hiring last month, but at a slower pace than previously. Total hours worked were little changed. Average hourly earnings declined by a cent, to $23.52, and were 1.7 per cent higher than a year ago – a growth rate that is just enough to keep up with inflation.

On the surface, the unemployment rate's drop to 8.1 per cent is positive. However, the decline from 8.3 per cent in July was largely the result of Americans leaving the labour force.

"The data may be viewed as increasing the chance of decisive Fed action next week," Andrew Grantham, an economist at CIBC World Markets in Toronto, said in a note to clients. "We are still on track for more QE," Matthieu Arseneau, an economist at National Bank Financial, advised his clients.

The prospect of new measures by the Fed will stir controversy.

A vocal minority on Wall Street is hostile to further monetary policy, arguing that central bankers only risk stoking inflation and debasing the currency. Mr. Bernanke also would face charges that he is interfering with the election, although such charges are unlikely to deter him.

There also is an argument that the election itself is holding back the U.S. recovery.

"American businesses are like thoroughbreds waiting at the starting gate," Mike Whalen, president of Heart of America Group, a Moline, Ill.-based hotel and restaurant operator, said in a statement. "The gate to recovery will open on Election Day, and we'll continue to see disappointing jobs numbers until the election is resolved."

Mr. Whalen has an opinion about how the election should go, reflecting the struggle that awaits Mr. Obama between now and November. Mr. Whalen argues U.S. companies are staying on the sidelines because of the White House's penchant for regulation. "Should President Obama get re-elected, businesses and consumers will continue to remain hunkered down until the next race in four more years," he said.

[derspiess]

And talk about losing your shit...

http://twitchy.com/2012/09/07/liberals-cuss-out-archbishop-timothy-cardinal-dolan/ 

You keep citing this site as though it had any cred with anyone but you.  To me, it looks like the web version of Fatso's radio show, or the Penthouse forum that featured letters written by the staff of the magazine.

But, hey, if that kind of thing gives you a stiffy, go for it.  Just don't share it.

I usually try to find a source more acceptable to you guys, but I was posting from my phone, so 

Anyway, what's your specific beef with the article?  All they did was post tweets from people who were apparently pissed off at Cardinal Dolan.

[CountDeMoney]

Yeah, anything less that 6 figures is bad news.

re: workers leaving the job force: lot of people returning to school, and one Wall Street wonk this morning mentioned how 15K left the manufacturing sector, but this is the time of year that the auto industry retools its lines, and should see a bump back up next month.

But, companies are simply not hiring.  They don't want to hire, they don't need to hire.  And they're not going to hire until the electoral smoke clears.

[derspiess]

Between Siege's drunken ramblings and the the other nonsense I didn't see any talk of Obama's speech last night.  I didn't see it and this is the only place I get any political news.

Opinions?

Good speech, very inspirational in-an-Obama-kinda-way, if a bit light on the details, but the crowd would've gone crazy if he just read from the phone book.  Didn't pull any punches with Mittens and Ryan on some issues, had a couple zingers, hit most of the traditional Democratic issues.  Had a nice close.  A very conventional Convention speech.  Summation: we've gotten some things done, we need more time.  Had a few more details than Mittens did in his speech, but not many.  It was targeted specifically at hitting at the lack of enthusiasm on the left, not a policy speech.  In that sense, it worked.

I watched a tiny bit before my wife made me turn it off.  Didn't see enough to make a judgment for myself, but the fact that nobody is talking about it seems a bit odd.

If John Kerry had performed in 2004 like he did last night, who knows what his numbers could've looked like.  He was the most alive since Vietnam.  Also a good speech on foreign policy. "Ask Osama bin Laden if he is better off now than he was four years ago."  I LOL'd.

His "yell from the diaphragm" speaking style still seems odd to me, but yeah it was way better than his cringe-worthy "reporting for duty" acceptance speech in 2004.

Biden had a bit of trouble when he ad libbed, as he usually does, but it was endearing.

I like where he said his dad respected Obama.  Then corrected himself and said his dad would have respected Obama had he been around

He's such a sweetie pie.

He's kind of a jerk in person, and he has become a liability to your side, but whatevs.

John Lewis had without a doubt the best speech of the day, however, on civil rights and the new Voter ID initiatives.  Shame it wasn't broadcast nationally.

Most networks cut away early from the benediction, so we'll call it even

[Eddie Teach]

A stagnant labour market will make that argument more difficult. Mr. Obama can say that private sector employers have added in excess of 4.5-million positions over his term. Yet governments have cut payrolls deeply, leaving the president with a net loss in total employment.

Dang. 

[DGuller]

I usually try to find a source more acceptable to you guys, but I was posting from my phone, so 

Anyway, what's your specific beef with the article?  All they did was post tweets from people who were apparently pissed off at Cardinal Dolan.

The beef is the complete lack of newsworthiness.  You can find an idiot citizen spouting off any retarded thing you want, if you look hard enough (though luckily for Languish, for 80% of the retarded things, we can just turn to you). 

[DGuller]

Yeah, anything less that 6 figures is bad news.

re: workers leaving the job force: lot of people returning to school, and one Wall Street wonk this morning mentioned how 15K left the manufacturing sector, but this is the time of year that the auto industry retools its lines, and should see a bump back up next month.

But, companies are simply not hiring.  They don't want to hire, they don't need to hire.  And they're not going to hire until the electoral smoke clears.

Why is it bad news that people are getting so prosperous that they don't need to work anymore? 

[Jacob]

No, Citizenship is helping the government provide cheese to those who need a bit of help until they can earn their own cheese; and it's acknowledging that you have eaten government cheese too.

By this definition half of Americans citizens aren't citizens.

Half of America pays zero taxes or otherwise contributes nothing to society?

Yikes.

[CountDeMoney]

Yeah, anything less that 6 figures is bad news.

re: workers leaving the job force: lot of people returning to school, and one Wall Street wonk this morning mentioned how 15K left the manufacturing sector, but this is the time of year that the auto industry retools its lines, and should see a bump back up next month.

But, companies are simply not hiring.  They don't want to hire, they don't need to hire.  And they're not going to hire until the electoral smoke clears.

Why is it bad news that people are getting so prosperous that they don't need to work anymore? 

The fuck you talking about, Ivan?

[Barrister]

No, Citizenship is helping the government provide cheese to those who need a bit of help until they can earn their own cheese; and it's acknowledging that you have eaten government cheese too.

By this definition half of Americans citizens aren't citizens.

Half of America pays zero taxes or otherwise contributes nothing to society?

Yikes.

It wouldn't surprise me if half of Americans paid no taxes.  If you consider children, stay at home parents, unemployed, disabled, and elderly, I wouldn't be surprised if that added up to 50% of the population.