Creep

Greetings good citizen,

Life has turned into a Disney movie; everything is fuckin’ goofy! Yesterday, speculation over the unemployment numbers caused the ‘stupidity index’ to perform a vertical take off of nearly 200 points. Today we get the ‘initial’ (still subject to revision) numbers and they’re all over the place.

Once again we get the perplexing weekly reports that tell us the ‘running average’ of initial claims remain in the lower 500,000 range, with a couple of weeks checking in on the high side.
So you’d expect the ‘survey’ numbers to reflect that…but no and the only thing we can figure is politics is getting in the way.

So once again we have weekly figures in excess of a half a million and a MONTHLY number of 190,000, less than half of the weekly (even the most recent week’s) total. One can immediately see the benefit of performing a ‘survey’ rather than extrapolating the data from actual claims numbers…where do you suppose the survey went to get this month’s figures, South Dakota or North Dakota?

Anyway, as if that’s not goofy enough, the 190,000 newly unemployed are enough to push the ‘official’ unemployment level into the double digits!

Let’s proceed to tonight’s feature presentation for it presents the absurdity of the situation far better than I can…

Stocks Flat on Wall Street After Jobs Report

By THE ASSOCIATED PRESS
Published: November 6, 2009

Stocks were flat in early trading Friday despite a government report showing more jobs were lost in October than expected and pushing the unemployment rate above 10 percent for the first time since 1983.

The Labor Department said employers cut 190,000 jobs last month, less than the 219,000 jobs lost in September, but more than the 175,000 job losses economists had forecast. The unemployment rate jumped to 10.2 percent from 9.8 percent in September.

The market has been expecting unemployment to top 10 percent before peaking. [Oddly, the rest of the nation has been wondering when ‘our’ government/politicians would stop falsifying ‘understating’ the unemployment situation…]

Shortly after 10 a.m., the Dow Jones industrial average was up about 20 points, at 10,025. The Standard & Poor’s 500-stock index was 0.3 percent higher, while the Nasdaq composite index was up 0.4 percent. Bond prices rose, pushing yields lower, as demand for the safety of government debt increased after the disappointing jobs report. The yield on the benchmark 10-year Treasury note fell to 3.49 percent from 3.53 percent late Thursday. [Contrast this, up twenty points after an hour of trading with yesterday when the market virtually ‘opened’ plus 200 points! WTF is something of an understatement if you take my meaning.]

Investors also sought safety in the dollar, which reversed an early slide and moved slightly higher against other major currencies.

Oil plunged $2.13 to $77.49 a barrel in electronic premarket trading on the New York Mercantile Exchange. Gold added about $2 to $1,091 an ounce. [This is, once again, an ‘early in the trading day’ report…gold tacked on even more by the close. Oh, the world’s reserve currency got stronger AND gold went up in ‘dollar value’…I don’t think so.]

The worse-than-expected jobs report was a blow to confidence in the economic recovery, stoked Thursday by an encouraging outlook from Cisco Systems, better imaginary data on productivity and higher sales at major retailers. The Dow Jones industrials soared 203 points on the day’s string of good news to close above 10,000 for the first time in two weeks. [Too bad that ‘good news’ was ‘totally fabricated’ good citizen]

For stocks to drop after such a big advance would not be unusual for the market, which lately has swung wildly between gains and losses as investors battle mixed signals on the economy. [Although today’s market finished up 15 points…because Wall Street has zero relationship to Main Street! Rich people don’t live on Main Street, only the ‘paycheck peasants’ live there.]

The government said last week that the economy expanded 3.5 percent in the third quarter. All Much of that growth was driven by stimulus measures that, once removed, will could slow the economic rebound. Earlier this week the Federal Reserve said economic conditions were improving, but it kept interest rates at a record low to support an non-existent ongoing recovery. [Recovery? What recovery? Did you see a recovery? I didn’t see no recovery! WTF are they talking about?]

Later Friday, investors will also get reports on wholesale inventories and consumer credit.

Overseas, Japan’s Nikkei stock average rose 0.7 percent, while Hong Kong’s Hang Seng index jumped 1.6 percent. In afternoon trading in Europe, Britain’s FTSE 100 rose 0.3 percent, Germany’s DAX index gained 0.2 percent, and France’s CAC-40 edged up 0.1 percent.

Honestly good citizen, I don’t know what we’re gonna run out of first, rope or lampposts!

Anyway, something I predicted long ago has surfaced to spit in the eye of the morons who peddled the false hope of ‘Green Jobs’ saving our floundering labor situation

Jobs Question Jeopardizes Wind Farm’s Stimulus Deal

By TOM ZELLER Jr. and KEITH BRADSHER
Published: November 5, 2009

News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing. [I’m not going to throw stones here nor will I name names BUT it sure looks like this is the same set-up a relatively famous Texas Oilman dropped like a hot potato when oil prices dropped below the level necessary to make such a project profitable. Now it’s back on the table, ready to roll with, you guessed it, Chinese backing!]

According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China. [The Chinese part aside, doesn’t the rest of this proposal look kind of ‘familiar’? Isn’t that a bitch about capitalism, where an individual’s right to do well by himself can well and truly screw the rest of the population…and there ain’t a fucking thing you can do about it!]

Partners in the $1.5 billion deal said that while most of the financing would come from unnamed Chinese banks, they would seek about one-third of the project’s cost — $450 million — from money set aside in the American Recovery and Reinvestment Act, the huge stimulus bill that passed earlier this year.

But that stimulus money, Mr. Schumer said, “is supposed to create jobs in America.”

The Texas project — a joint venture between the American private equity firm U.S. Renewable Energy Group, Cielo Wind Power and A-Power Energy — would create about 300 construction and operational jobs in Texas, according to the partners, but substantially more manufacturing jobs in China.

Mr. Schumer pointed to a recent analysis by the Investigative Reporting Workshop, a nonprofit journalism project at American University, which found that 84 percent of the $1.05 billion in “green” stimulus funding distributed since September had gone to foreign companies building renewable energy projects in the United States — mostly wind projects. [And our politicians are just starting to bitch about it now? Weren’t these the same assholes who ‘promised’ us these jobs would remain in the US and these taxpayer funds would NOT be used to enrich foreign companies, even if the ‘investors’ are domestic? Where’s the damn rope?]

In a letter he sent to Energy Secretary Steven Chu, the senator urged Mr. Chu to “reject any request for stimulus money unless the high-value components, including the wind turbines, are manufactured in the United States.”

But Walt Hornaday, the president of Cielo Wind Power, which is based in Austin and is the largest independently owned wind power developer in the United States, said in a statement that the project would need stimulus money to move forward, and that it was vital to “engineers, contractors and suppliers who will see millions of dollars of work at a time when energy-based jobs are difficult to find.” [How much you want to bet Ol’ Walt here has an interest in the Chinese vendor? You don’t suppose Ol’ Walt thinks we’re a bunch of ‘ungrateful bastards’ here, trying to deprive him of his God given RIGHT to screw the rest of us so far into the woodwork we’ll never see daylight again…where’s that damn rope?]

China has vexed multinational corporations and American officials by blocking access by foreign companies to its own growing renewable energy market, though the country did ease its local-content requirements for wind turbines in talks with American officials last week. [Isn’t THAT ‘convenient’!]

The Energy Department noted in a statement that money for this type of project was provided as a tax credit, giving the agency little discretion. Stephanie Mueller, a spokeswoman, said that “if a taxpayer meets the eligibility requirements, they receive the tax credit.”

We can only wonder where our ‘famous Texan’ is relative to the rest of this mess, not that it particularly matters.

What do you make of this news item good citizen? Do you feel somewhat betrayed? Doesn’t it look like ‘our’ government has let us down (again?) Naturally, you know better than to believe the government is even remotely answerable to you. You wouldn’t even know where to begin when it comes to bringing the mighty ‘people’s government’ to heel, would you?

We COULD have a discussion as to whether or not the average individual should have this kind of power BUT, those who run things now wouldn’t tolerate that variety of DANGEROUS discussion.

Sadly, the wheels are flying off the last ‘illusion’, the one created by the founders to disguise the ‘ruling class’, so it’s only a matter of time before some variety of fascism is instituted to usher in the next, er, ‘dream’.

Sorry, I didn’t mean to go screaming off of the reservation suddenly like that but the ‘haze’ of bullshit is getting so thick that we have to be very close to the trap being sprung.

The data makes no sense (nor is it supposed to) the idea is to confuse you so you become angry. Then they will ‘direct’ that anger at the institutions set up to protect you…in case you’re wondering, that part is already done, the ‘justice system’ has already been shut down.

The sole remaining thread of freedom is the ballot box…and they’ve already wasted that too by taking over the ‘independent media’.

Have you ever wondered why they keep waving the ‘first amendment’ in your face? It’s to make you think you live in a society that has an actual ‘free press’ which is an oxymoron if you ever heard one!

You aren’t ‘free’ to express yourself unless you own the damn media! The guy who cuts your paycheck tends to slip a muzzle over your ‘freedom of speech’ as well. He’s paying you so he gets to dictate what is or isn’t ‘fit to print’.

Why do you suppose the MSM is so down on the blogosphere? The stereotype has become ‘bloggers are kooks’…and some of them are, but I tend to think most of them aren’t.

Sadly, this has led to a lot of bloggers muzzling themselves for fear of being condemned as a nut case. Worse, the definition of ‘normal is whatever the majority says it is, regardless of how you feel about the matter.

The scary part about that little factiod is it can easily become a majority of one…

Chew on that for a while as you ponder whether or not Gegner has come ‘unglued’

Thanks for letting me inside your head,

Gegner