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T O P I C     R E V I E W
CashCowMoo  - posted
The U.S. economy followed up a weak second quarter by creating more jobs than expected with 163,000 new positions added in July, but the unemployment rate rose to 8.3 percent.

Despite the seemingly good news, the report's household survey showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments in the establishment survey. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.

The household survey also showed 150,000 fewer Americans in the workforce.


June 2010...Obama's summer of recovery. Tim Geitner said last year how we are in this great recovery, Obama said it, Biden said it, and all their little minions repeated it like good parrots.
 
glassman  - posted
and you are so happy they were wrong... sheesh..

we aren't losing 1 million jobs per quarter anymore cash. that is recovery.

it's like the differnce between getting a stint and getting a heart transplant. recovery is realtive... Cheneuy is looking more and more energetic, but he's still not the dick we came to love and hate.
 
CashCowMoo  - posted
Glass, as always I am pointing out the kool aid that was poured and everyone bought. Fainting at rallies, hope and change.


Obama promised the unemployment would be where if we passed the stimulus? How many jobs per month would be created said biden? Biden was supposed to oversee the stimulus so that not one dollar would be fraudulent or wasted? A bunch of lip service that everyone bought into and still does.

Hundreds and hundreds of thousands of jobs per month.


BTW, Obama claiming that oil production is up under his watch? Not on federal lands....private.

http://www.nytimes.com/interactive/2012/07/28/us/americas-biggest-landlord.html

He is trying to take credit for an uptick in oil and gas production when he did nothing to stimulate it.


Its all smoke and mirrors with this guy.
 
The Bigfoot  - posted
If 300,000 more jobs are created Obama will be net positive for jobs created under his watch with the negative slide being within the first year of being in office before his policy had chance to take effect.

He has already had far more private sector jobs created under his watch than the 8 years of his predecessor, what he is still statistically making up for are the public sector jobs that were lost and not replaced.
 
glassman  - posted
quote:
Originally posted by CashCowMoo:
Glass, as always I am pointing out the kool aid that was poured and everyone bought. Fainting at rallies, hope and change.


Obama promised the unemployment would be where if we passed the stimulus? How many jobs per month would be created said biden? Biden was supposed to oversee the stimulus so that not one dollar would be fraudulent or wasted? A bunch of lip service that everyone bought into and still does.

Hundreds and hundreds of thousands of jobs per month.


BTW, Obama claiming that oil production is up under his watch? Not on federal lands....private.

http://www.nytimes.com/interactive/2012/07/28/us/americas-biggest-landlord.html

He is trying to take credit for an uptick in oil and gas production when he did nothing to stimulate it.


Its all smoke and mirrors with this guy.

cash. straight up, you keep repeating GOP party lines about Obam not making his goals of 8% unemploymnet as if this was some sort of major screwup on his part.

every single day in the makret? people make the same mistakes and we all know for a fact that its just the way the economy works.

to try to find Obam guilty for not being able to predict the unemploymetn rates within 1.5% or so is insanity.

if ANYBODY were actually capable of that? they'd be the richest person in the world and being president would be a demotion for them.

when i point this out to you (and i have dozens of tiems) i'm telling you that you are being foolish to even try to make the point. only fools beleive you and that is why i told you that the GOP is trying to lure the Archie Bunker votes.
it is idiotic.

of course Obam was not correct (as in WRONG) in his market predictions. so is 1/2 the whole world every day because every trade has a winner and a loser. that's the humanity of the markets...

to keep repeating this nonsense over and over again you must have something loose between your ears. Obama has not been a great president, but he just hasn't been a total screwup. like dick and dubya... i mean they invaded iraq on bad itnel, and blame everybody else for it... obam had bad intel on how many jobs would actaully be lost before the economy stopped bleeding. he was off by about 1.5% that's not good, but there is nothing incompetent about it. it's just the way economics is... nature of thebeast

as to oil prouction? it would be up alot more if the DEEP horizon didn't chuck it's emergency valve. and that was not Obamas fault either altho you and Rush and glen and hannity have tired to blame him for it.

know what cash? i do want to vote against everybody currently in office, just on principle, but if you listne to Romey long enough he will tell you he's caucasion and negroid and asiatic and even hispanic even tho that's not a race of people, before he's done, cuz he just tells people what he thinks they want to hear... he was for abortins before he was against them? sorry, but i can respect a guy who says he's agaisnt abortins and wants to work with lawmakers to make it obsolete alot more than i can somebody who says whatever he thinks he needs to tasy to get elcted.

hell, i WILL vote for the guy wha gets up there and tells ME he's going to raise my taxes A LITLLE BIT and cut government spending ALITTLE BIT each year until we balance the budget, know why? cuz then i know how to plan accordingly.. this crap both sides are doing? can
t plan for chit.. buy hard silver and hoard it.. that's the plan right now.. and it's working out OK for me [Wink]
 
IWISHIHAD  - posted
It's all BS it does not matter who says it or how they say it.

There politicians playing politician games.

Unemployment, stock Market etc. it's how you want to crunch the numbers to make the other party look bad and the numbers they crunch aren't real in most cases.

Some of the people in Ca. go from unemployment until it runs out over to disability until it runs out, but many would be working if the jobs were there.

-
 
glassman  - posted
yep, and they get called lazy cuz there isn't anybodyt willing to risk hiring them. and you can hardly blame employers for being leery. heck the cost of motor fuel went up from about 1.65 per gallon to almost 4$ per gallon without any gasoline/diesel shortages...

and that is NOT the politicans game there, that is the big oil companies and hte brokers running the trading markets...

it's about time for cashcow to chime in and point out the price rises under Obama again...

unfortunately for cash the prices were set in 2007-8 when China went crazy buying anything and everything they needed to build the summer olymoics, then they crashed it all when they banned driving in 1/3 of th coutnry to "fix" the air pollution so that the athletes would be able to actually breathe... the price drop was temporary until China finally got back to business, just long enough for Obama to be sworn in while gasoline was back down for a short time... a very short time, note teh summer olympics, Aug 2008 and the high point three weeks prior, when China banned driving for about half the country:

 -

it is laughable how the politicians blame each other for BS and take credit for BS and manage to just not do anything we actually need them to do for the general welfare. and it is laughable how many people buy into the party line BS..
 
glassman  - posted
while we are on the subject of gas prices?

i just heard someone blame rising gas prices on rising food prices... now that is a new concept for me...

in fact? i don't see ho it is possible for gas prices to be driven by rising food prices. the Drought is driving food prices.

of course the drought is Obama's fault somehow, right cashcowmoo...

oh wait, the dorught is caused by global warming whihc is caused by gasoline, so the gas caused caused the drought which caused the food price rise whihc caused gas prices to go up...

yep the world makes perfect sense right now...

do NOT buy the Orange hair die

do NOT buy the Orange hair die

do NOT buy the Orange hair die

do NOT buy the Orange hair die

do NOT buy the Orange hair die [Big Grin]
 
The Bigfoot  - posted
lol

I prefer to blame the huge refinery fire in Cali but I suppose if you want to get abstruse...

I will say that inflation is going to be a topic for the final half of the year. A sustained jump in food prices because of the drought will have lasting effects on the CPI reports.
 
glassman  - posted
well Big, i am not the one blaming the rise in gas prices on rising food prices, i'll give you three guesses which faux news outlet released the statemnt [Wink]

even more interesting will be to watch oil follow gasoline up evn tho reserves will be higher due to less refining capacity. then yyou will want to know why htat keeps ahpening (it has over and oer) and i am thinking that there is atax advantage to higher oil profit margins and lower profit margins on gasoline sales....
watch and see if it happens again. [Wall Bang]
 
glassman  - posted
is the cart pulling the horse? note that the fire started on monday 6 aug. at dinnertime, the prices have been rising for a month already.. would that indicate that somebdy saw the fire in their tea leaves?

 -
 
CashCowMoo  - posted
I guess the oil price should be controlled by the government, or gubment as glass calls it. This way high standards and credibility will be established in the energy markets (sarcasm).
 
raybond  - posted
some of the uses of crude oil

Production of Petrochemical Products



Print this article



Fuel



First and most familiar among the petrochemicals you use is fuel. Gasoline is a mixture of hydrocarbons with anywhere from 4 to 12 carbons; kerosene is a slightly heavier mixture with hydrocarbons ranging from 12 to 15 carbons, while diesel fuel contains hydrocarbons ranging from 15 to 25 carbons. The lubricating oils in our cars are also mixtures of hydrocarbons derived from crude oil. The amount of gasoline and other fuels derived from crude oil is typically increased through a process called cracking.


Asphalt



Not only do you burn crude oil derivatives in your car, you drive on them as well. Asphalt is a complex mix of residues from crude oil distillation -- the stuff that's left over after all the gasoline, kerosene and other fractions are gone. It absorbs all colors of light, which is why it appears black, and can cement together smaller particles like stone and sand. These properties and its waterproofing abilities make it useful for paving roads and runways. Incidentally, the tires your car is mounted on include crude oil derivatives as well; most tires are made partly from synthetic rubber, which is manufactured using a petrochemical called 1,3-butadiene.




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Plastics



Plastics are carbon-based synthetic polymers, subunits linked together to form long-chain molecules. Anything you own that's made from plastic -- everything from your water bottle to your computer keyboard -- is made from crude oil derivatives and other fossil fuels. Foam coffee cups, plastic shopping bags, disposable utensils, the PVC in your plumbing and anything made from nylon are all familiar examples of crude oil derivatives in your everyday life.


Clothes and Medicines



Many clothes contain polyesters and other synthetic fabrics; the fibers in these clothes are made from crude oil derivatives. Even more important, perhaps, is the use of crude oil derivatives for synthesizing more complex compounds, like those found in pharmaceuticals. Many of your medicines are synthesized from crude oil derivatives; aspirin and paracetamol (aka Tylenol) are common examples. The colorants and additives in the foods you eat are often molecules synthesized from crude oil derivatives as well.





Read more: Oil Products Made From Petrochemicals | eHow.com http://www.ehow.com/info_8211181_oil-products-made-petrochemicals.html#ixzz234Ea M5gN

the price of oil affects a lot more than the price at the pump.
 
IWISHIHAD  - posted
Geesh tell me where gas prices are headed in CA.

Already creeping upward and onward.

Feel bad for people that have to commute fairly long distances, just one more killer for families.

We really need to get on to natural gas in a much bigger way for a starter.


-
 
glassman  - posted
quote:
Originally posted by CashCowMoo:
I guess the oil price should be controlled by the government, or gubment as glass calls it. This way high standards and credibility will be established in the energy markets (sarcasm).

what are you ranting on about now cash? face facts, the oil co's complain about not being able to access US gvmt land to drill on becuase it the cheapest place in the oorld to drill. other countries charge double at least what our gov does...

the reason oil has gotten so high in thelast twelve years is because china has now become a major consumer, we already were the largest and remian so, but chinas consumption is growing fastest.

now your suggestion that the govmnt should control prices IS EXACTLY waht china does, and guess what? they are kicking our asses in all areas of growth with it. That and coal and elctric prices controls are the underpinning key to the fact that CHINA is running a deficit like we are, they are building huge cash reserves, so much that they can crash the world currency markets any day they want to, andhtere's nothingwe can do to tstop them if they want to because a physical atttack on either side would just add to problem:


China to raise gasoline, diesel prices after three cuts
English.news.cn 2012-08-09 21:36:48

BEIJING, Aug. 9 (Xinhua) -- China will raise the retail prices of gasoline by 390 yuan (62 U.S. dollars) per tonne and diesel by 370 yuan per tonne starting Friday, the country's top economic planner said Thursday.

The move, which followed three consecutive cuts from May to July, marks the third such increase this year, due to a rebound in international crude oil prices.

The benchmark retail price of gasoline will be lifted by 0.29 yuan per liter and diesel by 0.32 yuan per liter, the National Development and Reform Commission (NDRC) said in a statement on its website.

Under China's oil product pricing system introduced in 2009, domestic fuel prices may be adjusted when international crude oil prices change by more than 4 percent over 22 working days.

The NDRC last cut the retail prices of gas and diesel on July 11. Since then, the average crude price on three crude markets the system tracked had recorded a 7.28 percent increase as of Wednesday.

Although oil consumption has remained weak amid a global economic slump, export bans on Iranian oil and intensifying conflicts in the oil-rich Middle East have driven up crude prices over the past month, analysts said.

Unlike previous hikes, the government did not delay the price increase this time because of significantly reduced inflationary pressure and the need to ease refineries' losses, said Chen Qing, an analyst with Zhuochuang Information Services, a commodity information service provider.

Official data released early Thursday showed that prices have fallen across the Chinese economy, with the consumer price index (CPI), the main gauge of inflation, up by a 30-month low of 1.8 percent in July from a year earlier.


http://news.xinhuanet.com/english/china/2012-08/09/c_131773921.htm

soemtimes i wnder what you are thinking right before you post, but then i realise i'm wasting my time wondering.

the creepiest aspct to all you no gov rules people is that you really beleive you know what youare talking about. when FACTS of the world clearly tell US all the opposite.
 



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