He should be laughed at.  Friedbrain is smoking crack.

Civilian Labor Force DROPPED by a whopping 574,000 people in one month. The 9.8% stat is skewed to the downside, we are actually well over 10% for unemployment.

If we look at table A1, http://www.bls.gov/news.release/empsit.t01.htm As of September we seeing the following important numbers that reflect the real unemployment rate.

5,922,000 Persons who currently want a job (broken out from the NOT in Labor Force #)
15,142,000 Unemployed (for less than 12 months)
———-
21,064,000 Total Seeking Employment
———–
154,006,000 Civilian labor force

13.67% Actual Unemployment Which by the way is in line with my earlier estimates (actually over my estimates), had the stats been realistically reported.

785,000 people lost their jobs just LAST month. This was a blood bath in terms of the employment #.  Just to let you guys know how whopping that 785,000 reduction in the employment is, it’s a record. Not since 1948 per the BLS data has the economy EVER lost that many jobs. NOT EVER.

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS12000000&output_view=net_1mth

(change the date to the earliest year possible, 1948)

The really big news here is the Not In Labor Force #. A whopping 807,000 dropped off the unemployment rolls into long term intractable unemployment. Remember, to be counted on the unemployment statistic you must unemployed for LESS than a year. This is not simply terrible, it’s earth shattering as it says structural unemployment is accelerating - cutting out the legs from any possible short term recovery. This is why SS and Medicare are floundering in the cash flow area, all these people are no longer contributing to the funds via the payroll taxes they used to pay when they were employed. 

Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.

Reich sucks up the requisite amt--how come he does not have a job in the admin? Mystery to me.

-Dave

The election of 2010 will be our last chance to save our republic. -Neal Boortz

"As I said before, the stimulus package is the thing that is actually keeping the economy up, keeping people employed."

Yea, right, Tell that to the half a million people who lost their jobs last month alone.  If you even survive the encounter, I'll be surprised.

The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.
The US Constitution

Unless you're a fetus.
The US Supreme Court

The sad fact - sad because the reasoning behind is not being reported - is that the so-called stimlus package has had little impact because little of it has been spent up to now.  But, that isn't the sad fact.  The sad fact is that it is purposefully being withheld until 2010.  What is so magical about that year?  It is an election year.  When it rolls around, you will see the stimulus package gates opened wide.  The dimocrats will make ever effort to get reelected.  This will be just one arrow in their quiver. 

Meanwhile, the so-called stimulus package whether spent now or later is wasted.  It doesn't give incentives to those that create jobs - small business.  It attempts to help the economy by adding or accelerating payments to the poor.  The poor will just spend it.  That is a hard cold fact.  Create the incentives for business to thrive and the jobs will come back.

What to do:

Reduce the ever greater reporting duties of corporate America to government entities - it is the most burdensome in the world.

Reduce corporate tax - it is the 2d highest in the world.

Accelerate depreciation on capital expenditure - it one of the slowest depreciation schedules, depending on the item, in the world.

Get the hell out of the boardroom.  It is the board of directors and the shareholders that should decide employee compensation. 

Do not prop up failing businesses.  No business is too big to fail.  If we had done this last year, there wouldn't be talk about the above item. 

1uncle: Didn't I read that stimulus money can not all be accounted for? Acorn?  A bill should never be rushed through congress.  A full week,          7 days,  should be the law.  If they are in a hurry, they are hiding something. States should take back some of the power usurped by the feds.

that anyone from the administration keeps an eye on these programs?

I mean, it's obvious that the administration is rife with idiots, and at times, it's painfully obvious that they get their ideas from the left wing wackos of the MSM.

But do you think they look at oposing opinions from REAL EXPERTS to try and get a clue?

This example of a wacko lefty even thinkin' that the porkulous is keeping the economy afloat, and the verbal and non-verbal reaction from the "expert panel" would normally send a shot across the bow of a sinking ship.

umm umm umm - maybe not.........

Well, the Dumorats are keeping him employed, so from his perspective...

One of the 34% who thinks George W. Bush was a great President. One of the 86% who wants to bring back the stock and pillory.

Hello,

       Robert wake-up and get with the program. You are suppose to blame Bush remember. Everything is his fault. He is the one that caused everything to go South so to speak.  Youa re a demo-crap party member, and you work for this President right now, and you are actually saying just like Joe-(WHICH WAY DID THEY GO)-Biden that this joke called a stimulus package is actually working. HEY ROBERT WHAT ARE YOU SMOKING?

                                                      Thanks,

                                                      Bearone

P.S.. Lord Jesus we need help in America. and we need it now.