2 for 2 on that front, at least

by alphamonkey on March 7, 2008 · 6 comments

in Uncategorized

You have to admire the man’s dedication, I suppose. After all, how many presidents can claim a perfect ‘1 recession per term’ record?

Oh yah. Oil closed out at 105.97 a barrel yesterday and today the Labor Department released it’s report today stating that the workplace lost 63,000 jobs last month, marking a 5 year low.


  • Reddit
  • Google Bookmarks
  • Digg
  • del.icio.us
  • LinkedIn
  • RSS
  • StumbleUpon
  • Yahoo! Buzz
  • Posterous
  • Tumblr
  • Andrew DeGolyer

    Who Cares?!?!?!? Super Smash Brothers comes out on Sunday!!!

  • Gorlog

    I’m wondering if the dollar/barrel increase is more linked to the devaluation of the dollar than a shift in supply or demand? It is still a remarkable statement because adjusting for inflation this is the most we have paid for a barrel of oil… Youch! On the other hand, maybe thats a good thing. But, thats a discussion for another day.

  • http://www.dadsbigplan.com .alphamonkey.

    Touche, sir. Touche.

  • The Jerk

    First off the word recession does actually have a technical meaning, which is not “damn, we’re screwed”. Second look into supply and demand, its an interesting theory they got going there. The amount of people who use oil grows everyday yet the supply of oil is stagnant thus prices rise, talk to opec the eco nuts or get yer ass in a lab and invent something. So we have lost some jobs after a 52 month streak of job growth, get over it look in your wallet realize you are not poor and buy something made in America, which most likely does not include super smash brothers.

  • http://www.dadsbigplan.com .alphamonkey.

    The technical meaning of a recession is ‘your neighbor is screwed’ (while a depression is ‘you are’), but we’re all someone’s neighbor.

    And you’d like us to believe that since January 2007 the number of people using oil has jumped up so high that it warranted a doubling of the price per barrel? You honestly think certain foreign policy choices have had no effect whatsoever on the price of oil per barrel, and haven’t since oh,let’s say 2003 or so? (when oil traded at $25 dollars a barrel) You’re certainly alone in the wilderness with that one. I’m not claiming that to be the only factor, but ignoring it is supremely short-sighted.

    We haven’t had 52 weeks of unbroken job growth, we’ve just had 52 weeks wherein there weren’t 2 consecutive months of LOSS. There have been a number of months were growth was stagnant and/or significantly slowed, and a handful where it was flat.

    And yes, I’m sure that buying Super Smash Bros. is that straw that will break the camel’s back, because there’s not a single job in the US economy that might have something to do with game sales, regardless of where that game is manufactured.

  • Andrew DeGolyer

    I heard an interesting fact on NPR, although 63K jobs have been lost, there are also a large amount of people who have given up looking for jobs, so the unemployment levels seem to be steady or decreasing. This relates to mostly young (highschool) and old (semi-retired) people. It would be interesting to see where we actually started having employment problems that were not skewed by that.

    Also, KBR is run by a off-shore front company, so there are millions of dollars of taxes and Social Security that don’t get paid into the economy, not to mention the enormous waste that this company is known for. I’m not saying that ending the war or using a different contractor in Iraq would completely pull us out of the recession, but maybe that’s the bail of straw breaking the camel’s back?

Previous post:

Next post: