JLH aka betterhalf still think were not in a recession??

Hey dummy, if you plant a seed you get a hundred fold back, if you invest a dollar in the stock market, you may make a profit, but this is because someone else loses. It's a game stupid, wake up dummy!!!

You just go ahead and keep paying your 30% a year in income taxes. I keep all my money. And I don't owe the government a dime. It's called getting out of their system. Am I free or not, if you want to remain a slave or indentured servant for the rest of your life, just crawl back into your little box. They will leave you alone. Just like the mafia, if you pay they won't burn down your business. Or you can be free, keep what you work for, spend what you earn and quit feeding the elite class of 1% who suck off of the working class. Not to mention the welfare class that sucks off of the working class as well, they are the pawns in this game. Is this what you want to leave for your children and future Americans?

who just admitted the economy is "slowing", how much more lame could it get. He and JLH aka betterhalf aka Noelle aka slapstick or slapshot or whatever know the real story, no one could be that dumb. Trying to show them anything is a total waste of time.

....consider changing your title to We ARE In a Recession and drop the trolls.
Who cares. They are just annoying and go away when not fed. (LOL...I KNOW it is hard...so annoying.)

Again, jobs are "net" - in those industries that increased jobs (e.g., leisure and hospitality), how many were filled with Americans?

http://cbs2chicago.com/na...

First half of article:

U.S. Employers Slash Most Jobs In 5 Years
Employers Slash 63,000 Jobs In Feb.
CBS News Interactive: On The Job

WASHINGTON (AP) ― Employers slashed 63,000 jobs in February, the most in five years and the starkest sign yet that the country is heading dangerously toward recession or is in one already.

The Labor Department's report, released Friday, also indicated that the nation's unemployment rate dipped to 4.8 percent as hundreds of thousands of people - perhaps discouraged by their prospects - left the civilian labor force. The jobless rate was 4.9 percent in January.

Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing, financial services and a variety of professional and business services. Those losses swamped gains elsewhere, including education and health care, leisure and hospitality and the government.

***Comment: What happens to the mortgages and credit cards of all of those laid off?

The latest snapshot of the nation's employment climate underscored the heavy toll of the housing and credit crises on companies, jobseekers and the overall economy.

To provide relief to persistent credit problems, the Federal Reserve announced Friday that it will increase the amount of loans it plans to make available to banks this month to $100 billion.

It has already provided a total of $160 billion in short-term loans to cash-strapped banks since the auctions began in December. The Fed's new step will involve making $100 billion available to a broad range of financial players through a series of separate transactions.

On Wall Street, the Dow Jones industrials were off around 15 points in morning trading as the Fed's actions helped to blunt worry about the eroding jobs situation.

The Labor report also showed that January's job losses were worse than the government first reported. Employers cut 22,000 jobs, versus 17,000.

***Comment: And what adjustments will there be for February?

It was the first monthly back-to-back job losses since May and June 2003, when the job market was still struggling to recover from the blows of the 2001 recession.

The health of the nation's job market is a critical factor shaping how the overall economy fares. If companies continue to cut back on hiring, that will spell more trouble.

"It certainly solidifies the notion that the economy has fallen into a recession," said Ken Mayland, economist at ClearView Economics.

Friday's report was much weaker than economists were expecting.

They were forecasting employers to boost payrolls by around 25,000. However, they were also expecting the jobless rate to edge up to 5 percent. The reason why the jobless rate went down, rather than up, is because so many people stopped looking for work and left the labor force.

***Comment: What does "stopped looking" mean? Homeless?

Anybody important who I should know about?

"He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it." Confucius

There aren't any dollars out here, there is just a system of credit. Any dollars are being held or sent abroad. Dollars are being pumped into the banking system to give us more credit so that we will continue to buy foreign goods. What we need to do is stop accepting credit, then find an alternative way to live. If it means bartering to get a meal, housing and a few pieces of silver, then they will have money. Many of us already do this, and we don't have to pay taxes!

Nobody here wants to see anyone dying in the streets from starvation. That is why we warn people to be prepared.
You are the dummy if you think we need the Federal reserve dollars to survive. They need us more than we need them. We can plant our own food, we can take care of ourselves, we are already using other money, gold, silver, or bartering to be free from the system. That is what worries them the most. They won't be able to live off of our sweat anymore! We won't drink their Kool Aid either!

look at the dow today so far.

Which countries will be better off when the dollar becomes useless, those which have debt or those with a surplus of dollars????

They keep saying China has 1.8 trillion dollars in reserves, that Japan has over a trillion dollars reserves, not to mention all the other countries that are currently increasing their reserves. But if the dollar becomes useless, what will this mean to their economies. I mean, wouldn't it be wise for them to start spending it now before they get stuck with paper? I know the dollar is currently being passed around like a hot potato, but if just one of these big players start dumping and not accepting dollars, then which economy is going to get hurt more, theirs or ours? It seems to me they are backed into a corner. If they start spending the dollars the value will completely fall out, and if they keep saving them they could be stuck with paper. Oh and by the way, Ron Paul is still in the race, getting some free attention today, don't forget to become a delegate and encourage the next States to vote for Ron Paul.

http://www.newsroomameric...

100,000 private sector jobs cut in Feb............ "The BBC reports that job losses in the US were down 63,000 overall thanks to the Government hiring 38,000 workers over the month. However, the overall tally was still the biggest decline since March 2003.

The report has continued fears that the world's largest economy is heading for, or is already in, a recession. February's job losses highlights the effect the housing and lending crisis is having on American firms and comes on the back of 22,000 job cuts in January."

Repeat of my post:
http://www.dailypaul.com/...

It is my understanding that employment figures are based on a model, *not* on actual employer submissions.

If there are rapid increases or decreases in employment, the model cannot predict them. This decrease in employment figure may have already been occurring, but not reported.

Also, people who run out of unemployment are no longer *included* in unemployment figures at all.

Biggest issue for me of all: When it is reported that "employment has increased", just how many hired were *Americans* vs. cheap H-1B visa workers that have lowered wages dramatically in jobs requiring a college degree (a factor in the housing market implosion that no one is discussing).

http://ap.google.com/arti...

By the time the election arrives, the nation won't even remember Iraq.
Keeping a roof over their heads is going to take all they got.

housing and mortgage has been in a "recession" if you want to call it that for a long time..Overall economy is not..Not until unemployment reaches some outrageous level will we see a serious recession