Jamesb101.com

commentary on Politics and a little bit of everything else

Why is the Unemployment number going up?

Because private business and state and local government are laying people off…

That’s why….

And it’s due to low demand for services from businesses and cost cutting while state and local governments are cutting THEIR costs also…

The increase in layoffs is a key reason why the U.S. recorded an average of only 21,500 new jobs over the past two months, far below the level needed to bring down unemployment, which now stands at 9.2%.

The cuts also reflect the shifting outlook of employers, many of whom had expected the economy to gain speed as the year progressed. Instead, growth has faltered. If the pace continues to disappoint, more companies will feel pressure to pull back. “Layoffs have played a big role [in weak job growth] over the last few months,” said Mike Montgomery, an economist at IHS Global Insight. “The soft patch is more layoffs and nothing else to pick up the slack.”

More….

From Politicaldog101.Com….

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July 21, 2011 Posted by | Blogs, Breaking News, Government, Home, Media, Other Things, Politics, Polls, Projections, Taxes, The Economy, Women | , | Leave a comment

The last touchdown for an American Space Shuttle……

The Atlantis Space Shuttle closes the door on American manned space travel for next few years in its return from space early this morning…..

Atlantis and four astronauts returned from the International Space Station in triumph, bringing an end to NASA’s 30-year shuttle journey.

July 21, 2011 Posted by | Aircraft, Blogs, Breaking News, Government, Media, Men, Space, Travel, Updates, Women | | Leave a comment

To tell Ya truth….I don’t even know if the Republican’s know WTF is going on…..

As I begin to read in for the Dog a little while ago something strikes me….

The theatre in the round that titled the ‘Debt Ceiling/Budget Talks’ is all over the place…..

First there’s this from Politicalwire…….

Three Tracks Towards a Debt Limit Deal

First Read: “With the clock ticking until the Aug. 2 deadline, there are essentially three tracks to resolve the debt-ceiling standoff. One track is McConnell-Reid, the ongoing negotiations between the Senate Majority Leader and Senate Minority Leader to pass a ‘failsafe’ debt ceiling increase without majorities of Congress having to approve it, and it’s losing a lot of steam (right now). The second track is the talks between President Obama and House Republicans John Boehner and Eric Cantor, as they try to revive a ‘grand bargain’ — and it’s a track that is a LOT more active than folks realize. And the third track is a second grand-bargain-style deal — this one by the Gang of Six in the Senate.”

One huge problem: “There is currently no plan out there that could get through the House. And that’s raised chatter on Capitol Hill that the only way to convince enough House Republicans to support ANY track is for the Dow Jones to collapse, a la what happened with TARP in 2008.”

Then there is this from CNN….

 

President Obama met with party leaders. House Speaker Boehner had talks over pizza with tea party conservatives. House leaders also met. But there still is no plan to keep the U.S. from defaulting on its debt. FULL STORY

 

Of course the Money people over at Wall Street are smart enough to know that it looks like the August 2nd deadline isn’t gonna be much of a deadline (Obama is not gonna what I think he should do which is STOP writting Federal checks ) so they have set in motion this action mentioned in the New York Times….

Wall Street Makes Fallback Plans in Event of U.S. Default

By LOUISE STORY and JULIE CRESWELL

Lawmakers in Washington are racing to reach a deal to save the country from defaulting on its debt, but financial players are devising doomsday plans in case the clock runs out……

Like I said in the tittle to this post….

Things are fluid…

So fluid that NOBODY seems to saying what the final outcome will be….

Certainly not the Speaker of the House John Boehner who seems to be a ally fight with his Majority Leader…

Cantor and his ‘no negotiating group’ is either amenable to something…..

Or…

Nothing that doesn’t cut the balls out of  the budget right now and sticks it to the Democrats and hurts Obama….

Quit frankly only the inside players know the score…

The media is just guessing ….

From Politicaldog101.Com….

July 21, 2011 Posted by | Blogs, Breaking News, Entertainment, Government, Law, Media, Other Things, Politics, Projections, Taxes, The Economy, Updates | | Leave a comment