GOOD NEWS FOR OBAMA, JOBS, AND STOCKMARKET!!!

[1NEMESIS]

Stock Markets Rally, Bringing Dow, Nasdaq To Highest Levels In Years

'The Dow Jones industrial average closed Friday at 12,862.23, jumping 156.82 points to its highest close since May 2008, back when Lehman Brothers was still a going concern.

The Nasdaq composite index jumped 1.65 percent to 2905.66, its highest close since December 2000 -- that's almost within shouting distance of the peak of the tech-stock bubble.

The broader S&P 500 index, which probably makes up the biggest chunk of the average person's 401(k), jumped 1.5 percent to 1,344.90, but has no sexy historical comparison to brag about. It's still a little lower than it was last July.

Nevertheless, this is a big rally, resulting a 16 percent rise of the S&P since Thanksgiving, and it has been driven largely by better-than-expected economic data, the biggest of which was this morning's jobs report for January.
[/I][/B]
"The U.S. economy added 243,000 jobs in January and the unemployment rate has fallen to 8.3 percent, according to the latest jobs report from the Labor Department. The numbers mark the fifth straight month that unemployment has dropped.

Analyst expectations ranged from high 100,000s to low 200,000s, so the numbers exceed expectations.

White House Council of Economic Advisers Chairman Alan Krueger said the January jobs report provides further evidence that "the economy is continuing to heal from the worst economic downturn since the Great Depression."

Mark Zandi, chief economist at Moody's, told MSNBC's Chuck Todd that the report is "unambiguously positive." Hourly earnings are increasing and it shows the economy is "definitively gaining traction," he said."

[RoboSpike]

I’d give the credit to the House of Rep. who are trying to keep the glorified party planner in check.

[satexasguy]

I didn't realize growing jobs in China counted. just saying.

[Rakhir]

Funny how the GAO tells a different story.

[1NEMESIS]

Originally Posted by satexasguy

I didn't realize growing jobs in China counted. just saying.

What does "just saying" mean? I'm curious, I hear it all the time.

[1NEMESIS]

Originally Posted by Rakhir

Funny how the GAO tells a different story.

What does the GAO say? I would think that you would tell us at least……..

[1NEMESIS]

Originally Posted by RoboSpike

I’d give the credit to the House of Rep. who are trying to keep the glorified party planner in check.

Oh no, see all that red in the first graph? That's when all the partying and stupidity happened, you know like fake wars, stolen elections and all of that criminal activity stuff?!?

[CrimsonValkyrie]

Is anyone feeling this improvement? I'm sure not. All I see is more people on SNAP and unemployment than ever before, higher food prices and gas is so high at the pump when i go to fill up i get a nose bleed. Part of the reason the unemployment number goes down is because that number does not include people who are no longer on unemployment benefits and those who have simply given up and stopped looking for work. It also does take into Account those who have taken part time jobs or jobs that pay WAY less than what a person used to make.

[1NEMESIS]

Originally Posted by CrimsonValkyrie

Is anyone feeling this improvement? I'm sure not. All I see is more people on SNAP and unemployment than ever before, higher food prices and gas is so high at the pump when i go to fill up i get a nose bleed. Part of the reason the unemployment number goes down is because that number does not include people who are no longer on unemployment benefits and those who have simply given up and stopped looking for work. It also does take into Account those who have taken part time jobs or jobs that pay WAY less than what a person used to make.

That's true, some of the economists are saying that to return to pre-recession unemployment levels, it's going to take 7yrs and 10 million jobs. I fear that many of those jobs will never come back.

[canyonman]

Dem's had control of both senate and the house when those numbers peeked up... Numbers flatten out when the Republicans took the house and slowed down all the radical crap the dems were trying to shove down our throat. .....just say'in. No chart or link needed...it's a fact.

[Rakhir]

Here's another factor to explain why the unemployment numbers are cooked.
http://www.zerohedge.com/news/record...-rate-tumbles-

And here's your GAO numbers.
http://www.zerohedge.com/news/latest...-2022-released

Oh and before I forget remember the numbers currently being thrown out by the regime are their versions of a nationwide average. And even if we do accept them they do not tell the whole story. Look at this article by the AP on specific areas of unemployment. They are in heavily populated areas and I would also postulate quite liberal ones.
http://hosted.ap.org/dynamic/stories...02-01-16-19-52

[Coolpops]

And all those trillions added to the national debt. Just how much did
each of these jobs cost ???????

[1NEMESIS]

Originally Posted by canyonman

Dem's had control of both senate and the house when those numbers peeked up... Numbers flatten out when the Republicans took the house and slowed down all the radical crap the dems were trying to shove down our throat. .....just say'in. No chart or link needed...it's a fact.

What does "just say'in(sic)" mean? I've never understood that slogan or whatever the hell it is, is it some kind of slang?

[1NEMESIS]

Originally Posted by Coolpops

And all those trillions added to the national debt. Just how much did
each of these jobs cost ???????

You better ask the Bush Administration about that one.

[1NEMESIS]

Originally Posted by Rakhir

Here's another factor to explain why the unemployment numbers are cooked.
http://www.zerohedge.com/news/record...-rate-tumbles-

And here's your GAO numbers.
http://www.zerohedge.com/news/latest...-2022-released

Oh and before I forget remember the numbers currently being thrown out by the regime are their versions of a nationwide average. And even if we do accept them they do not tell the whole story. Look at this article by the AP on specific areas of unemployment. They are in heavily populated areas and I would also postulate quite liberal ones.
http://hosted.ap.org/dynamic/stories...02-01-16-19-52

THANK YOU!



THANK YOU!



THANK YOU RAKHIR!!!!!!

Finally, somebody willing to stand by what they say!! Actually, CG4U did too but she took a dump and split as quickly as she came in.

I've heard some good things about zero hedge from Matt Taibbi(Rolling Stone) but never got around to checkin' them out.

I have to hand it to Rakhir, because zerohedge is not necessarily friendly territory for republican/conservative ideologies.

I've got no time to respond now but will soon……...