DUDE – WHERE’S OUR JOBS?

106 comments

Posted on 3rd June 2011 by Administrator in Economy |Politics |Social Issues

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As almost 400,000 more people join the food stamp program, Wall Street bankers party on. They had a wonderful weekend in the Hamptons. The cocktail parties were exquisite. The weather was fabulous. They only had to call the cops once to run the ignorant masses off their private beaches. Retail sales at Tiffanys and Saks 5th Avenue are booming. They are looking forward to another record year of $200 billion in bonuses for their absolutely brilliant financial acumen. Who else on the planet could take free money and generate risk free profits?

Meanwhile, in the real world, the unemployment rate is 22% and the economy has ground to a halt. The $7 trillion of stimulus has failed. Paul Krugman declares that if it had been $14 trillion, it would have worked. There are no jobs being added. More people are getting laid off. QE2, which has propped up the stock market for the last 6 months will end in 3 weeks. Anyone with an ounce of brains (this eliminates Wall Street economists, CNBC anchors, and 99% of the politicians in Washington DC) can see we are already back in recession.

The government response to this downturn will set the course of this country for the next ten years. Do you think they will choose wisely? 

Horrible Economic Data Continues: ADP Plunges To 38K On Expectations OF 175K; Downward NFP Revisions Next

Tyler Durden's picture

Submitted by Tyler Durden on 06/01/2011 08:18 -0400

The latest economic data is out and it is horrendous: with expectations for the ADP employment number to come at 175K, following a downward revised 177K print previously, it tumbled to a puny 38K in May. While this number is extremely irrelevant in terms of correlating to the actual NFP number due out this Friday, expect to see a spate of downward NFP revisions on this latest confirmation that the US economy has stalled even with QE2 still in effect for another 29 days (and soon to be extended). From the report: “Today’s ADP National Employment Report suggests that employment growth slowed sharply in May. Employment in the nonfarm private-business sector rose 38,000 from April to May on a seasonally adjusted basis.  A deceleration in employment, while disappointing, is not entirely surprising. In the first quarter, GDP grew at only a 1.8% rate and only about 2¼% over the last four quarters. This is below most economists’ estimate of the economy’s potential growth rate and normally would be associated with very weak growth of employment.” Precisely as expected by Zero Hedge.

More:

May’s ADP Report estimates employment in the service-providing sector rose by 48,000, marking 17 consecutive months of employment gains while employment in the goods-producing sector fell 10,000 following six months of increases. Manufacturing employment fell 9,000 in May following seven consecutive monthly gains.

Employment among large businesses, defined as those with 500 or more workers, decreased by 19,000, while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 30,000. Employment for small businesses, defined as those with fewer than 50 workers, rose 27,000 in May.

Employment in the construction industry dropped 8,000 in May, completely reversing April’s increase. The total decrease in construction employment since its peak in January 2007 is 2,124,000.

Also, so much for the financial and construction work renaissance:

The only thing now preventing the Fed to begin the push for QE3 is the continuously resilient stock market, which needs to drop at least 15-20% before Bernanke is given a carte blanche. Yet paradoxically, it is stocks’ anticipation of QE 3 that makes the actual political case for QE 3 impossible. Geithner upcoming NYT op-ed: “Welcome To The Catch 22.”

106 Comments
  1. Thunderbird says:

    With the government using all the available money to fight never ending wars, and increasing the size of security agencies (TSA and Homeland Security) to protect itself, there is no money left to create private sector jobs.

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 0

    3rd June 2011 at 10:07 am

  2. Administrator says:

    Goldman Cuts NFP Forecast To 100,000 – Sheer Panic On Wall Street As The Heroin Addicts Demand QE3 NOW

    Submitted by Tyler Durden on 06/01/2011 10:17 -0400

    Not even 5 mintues ago we predicted that Goldman would lower its 150,000 NFP forecast to 125,000. Well, even we were off. Hatzius just cut his Friday NFP forecast to 100,000. Just like last August when the horrendous NFP number set off QE2, so Wall Street is in full panic mode, as it tries to find a way to crush stock enough to give Bernanke validation for QE3, but without getting retail to throw in the towel for the last time. Still to come: the firm trimming H2 GDP to under 3%. We give it a few days. Elsewhere, Joe Lavorgna is dry heaving in a corner somewhere, trying to find a way not to look like a complete idiot for having to cut his NFP forecast two days in a row, from 300,000 to under 150,000.

    Another Weak Report; Lowering Payroll Forecast to 100k

    BOTTOM LINE: ISM report weakens substantially, confirming significant slowing in growth in manufacturing sector. We are lowering our forecast for May nonfarm payroll employment to +100,000 from +150,000 previously.

    MAIN POINTS:

    1. The ISM manufacturing index weakened sharply in May, falling to 53.5 from 60.4 in April. The new orders and production components both fell by roughly 10 points-very large declines by historical standards. The employment index held up better, but also fell to 58.2 from 62.7. We continue to believe that supply chain disruptions in the auto sector resulting from the events in Japan are one factor behind the abrupt weakening in the manufacturing surveys. However, it cannot explain all of the weakness in the recent data, including that seen in measures of employment growth.

    2. We are lowering our forecast for May nonfarm payroll employment to +100,000 from +150,000 previously. While the ADP report has a mixed tracked record in forecasting payroll growth, our research indicates it should receive some weight. Moreover, the weakness in the ADP report follows a streak of weaker-than-expected news on both the labor market and activity as whole. We are holding our forecast for the unemployment rate at 8.9% and for average hourly earnings growth at 0.2% mom.

    Like or Dislike: Thumb up 4 Thumb down 0

    3rd June 2011 at 10:28 am

  3. M'Admin says:

    The story promoted in the Blogos’fear’ that there are no jobs is a crock of shit.

    Take some fucking personal responsibilty here and move your sorry ass to one of the States with low unemployment.

    PS. I’m still a douchebag no matter what name I post under.

    Hot debate. What do you think? Thumb up 4 Thumb down 16

    3rd June 2011 at 10:31 am

  4. Administrator says:

    English Rose/M’ Admin

    Looks like your mad cow infected brain is acting up again. I guess it makes you post under different names. Are you and RE having fun on the Yahoo Board talking doom with the 3 other members? What’s worse, a one trick pony, or a one trick pony worshipper?

    How’s that English socialism working out for ya?

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 2

    3rd June 2011 at 10:42 am

  5. card802 says:

    I think our class of politician will do or say whatever it takes to get re-elected. Brains or economic intelligence? Not a requirement to control an economy.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    3rd June 2011 at 11:14 am

  6. AwholeDr says:

    I posted this yesterday, but I think it deserves posting again. This is what happens when we let the Feds/Bernake/Geitner try to stimulate the economy and create jobs; they end up costing $800,000 each, and kill off 20 other jobs. There was a story some months back about 3 jobs created with stimulus spending in California that cost $2 million, a little under $700,000 each. Until the government gets out of the picture, we will continue on the downward spiral into hell.

    ….Meanwhile, the feds have completely failed. The figures we reported last week showed that the ‘recovery’ efforts had totally washed up. Each job ‘created’ by quantitative easing, for example, cost more than $800,000. Assuming the average wage is about $40,000, this means the program destroyed the equivalent of 20 jobs for every one it created. Instead of creating jobs, the Fed’s QE program created inflation – especially in the price of energy. Family budgets suffer….

    Read more: The True Products of Quantitative Easing http://dailyreckoning.com/the-true-products-of-quantitative-easing/#ixzz1O2S9j846

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0

    3rd June 2011 at 11:29 am

  7. Reverse Engineer says:

    The nice thing about the 46 members on Reverse Engineering is they actually read articles before they make idiotic contributions to the comments section.

    RE

    Hot debate. What do you think? Thumb up 6 Thumb down 16

    3rd June 2011 at 11:30 am

  8. Kill Bill says:

    B b b but The Governator is keeping people working!

    Cameras caught Republican New Jersey Governor Chris Christie Tuesday arriving at his son’s baseball game in a State Police helicopter. Photographer Christopher Costa snapped several pictures of Christie as he exited the $12.5 million aircraft.

    Well, Technically Its State [Union?] Employees….who werent out of work..and prolly needed some overtime.

    Like or Dislike: Thumb up 4 Thumb down 0

    3rd June 2011 at 11:33 am

  9. Kill Bill says:

    [blockquote]The nice thing about the 46 members on Reverse Engineering is they actually read articles before they make idiotic contributions to the comments section. -RE[/blockquote]

    Sure. But how long does it take to read DOOM, GLOOM and KABOOM?

    Hot debate. What do you think? Thumb up 6 Thumb down 2

    3rd June 2011 at 11:34 am

  10. Administrator says:

    RE

    I sure hope they post 4,000 worthless pictures too.

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 1

    3rd June 2011 at 11:43 am

  11. Reverse Engineer says:

    @KB

    Depends how fast you read. For slow readers, it takes too long so they don’t bother reading but just make idiotic comments.

    RE

    Hot debate. What do you think? Thumb up 4 Thumb down 9

    3rd June 2011 at 11:44 am

  12. TeresaE says:

    Out of the “gained” jobs, wonder how many were actually full-time, with benefits and with wages that could SUPPORT a family or buy a home.

    Not many.

    Part-time work, no insurance and a huge tax bill looming for 2013 when the mandates of insurance kick in.

    Ah, smell the success and “recovery.”

    Oh well, maybe this time Benny will just make Krugman completely raptuous and print the full $7 trillion between July and October 2012. That way they all keep their jobs, bonsues and their fearless leader.

    What fun.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 11:51 am

  13. Reverse Engineer says:

    The MSM is reporting this, which means TPTB are gearing up. ll the Hedge Fund managers in the last few days talking Negative is further indication something is up.

    RE

    U.S. economic recovery is faltering

    ISM_Manufacturing_0aa93.jpg
    Paul Sancya/ AP – Assembly line workers Dave Zamora, left, and Steven Saleem work on a pre-production Chevrolet Sonic at a General Motors plant. U.S. manufacturing activity expanded in May at the slowest pace in 20 months.

    By Neil Irwin, Wednesday, June 1, 7:38 AM
    The U.S. economic recovery is faltering.

    The latest data Wednesday showed that the manufacturing sector, which has been a consistent driver of growth over the past year, slowed dramatically in May. A separate report showed exceptionally weak growth in private payrolls last month. Both reports follow other recent reports pointing to falling home prices, softening consumer spending and rising layoffs.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd June 2011 at 12:25 pm

  14. Oscar Mannheim says:

    “Jobs”? Jobs are for slobs! Take the reins in your hands and create your OWN job, because if you’re depending upon TPTB for your survival, sustenance and security, you’re playing into the hands of those who are slowly but surely strangling you, unless you work in a vital and necessary industry, e.g. energy, food production, hands-on health care, tangible good production… and the less genuine but clearly vital: finance, entertainment… Ah, hell, I don’t want to think about this anymore! If the West doesn’t go back to PRODUCING tangible goods, your job will be outsourced anyway, unless you’re some sort of government leech.

    Meanwhile, I write for a living, plus produce blood sausage, veggies and such, and while by statistical standards I’m as poor as a church-mouse, I live a life that I love and by the standards of a Spanish lottery-winner billboard I once saw, am rich, because I OWN MY TIME!!

    Paradigm change: it’s where it’s at!

    Well-loved. Like or Dislike: Thumb up 19 Thumb down 0

    3rd June 2011 at 12:38 pm

  15. Administrator says:

    Oscar

    Do you have a spare room?

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    3rd June 2011 at 12:42 pm

  16. Surly1 says:

    Just wondering what would have happened if the money siphoned off by the Wall Screet swells had been diverted into infrastructure projects, such as roads, bridges, rail improvements and other civic works, whether we might not have made a dent in unemployment. I know that’s an anathema to libertarians, but at least we’d have some public works to show for it instead of a handful of magic beans.

    Instead we get a slow-motion Bankster’s Coup and nothing for our money. Within the space of one generation, we’ve gone from people who could put a man on the moon to people who can’t build a bridge.

    Well-loved. Like or Dislike: Thumb up 19 Thumb down 0

    3rd June 2011 at 12:43 pm

  17. Oscar Mannheim says:

    @ Admin:

    I have a spare house. Two br/one bath, 1100 sq. ft, superinsulated strawbale, access to nearly-self-sufficient farm and greenhouse, incomparable views in very comfortable climate, all this is yours for U$D 450 a month. I am waiting for the right tenant, as in awaiting a refugee who knows which way the wind is blowing. I can be contacted through my unspaced name at gmail. Serious inquiries will be answered. No kidding.

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 0

    3rd June 2011 at 12:49 pm

  18. underfire says:

    22% unemployment. That’s a lower percentage of the current American working class that I, as an employer, would want to NOT hire.

    Like or Dislike: Thumb up 2 Thumb down 3

    3rd June 2011 at 4:31 pm

  19. Cynical30 says:

    @ Oscar

    I hope you can be reached by going south on the Chattahoochie because that’s how I’m escaping the clutches of the FSA in the giant ghetto of Hoodlanta. Why?

    1) Avoiding the roads, as they all pass through FSA turf no matter which way you drive, and

    2) The FSA can’t swim

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 4:33 pm

  20. TeresaE says:

    @Oscar, your spare house sounds like heaven, wish I was in a position to take you up on that.

    As for your ideas, while they USED to be doable in America, they really aren’t any more.

    We can’t grow veggies, or make jam – or blood sausages – and sell them. We can no longer give them away without an inspection, license and regular check ups from the USDA and FDA.

    There are already approximately ten thousand landscapers in my city of 100k, everyday I get a new homemade flyer on my door or mailbox.

    In most locations in the US, you can’t open a business out of your home without zoning (and commercial taxes) variances. My city routinely shuts down grandma’s babysitting and carpenters garage wood shops.

    Ah, America, land of the free (shit), home of the tit-sucking.

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 0

    3rd June 2011 at 4:38 pm

  21. FRED FLINTSTONE says:

    Off Topic: My wife received a notice of blackout period for her 401(k) administrator. Am I just being paranoid or does this seem like odd timing. Looked at the verbage, and as a previous Series 7 and 63 holder it seems kind of odd. I told her to cash it in, pay the penalty and buy PM’s but she thinks (knows) I am a crazed loon.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 6:03 pm

  22. Opinionated Bloviator says:

    The Obama administration is already working on a jobs program that will ensure every American that is Too Small Too Matter will be working at least 12 hrs a day 7 days a week so they can put food on the table. This program is so effective that is GUARANTEED to be passed and put into place should the Obama administration (or a business as usual Republican) gain another 4 years.

    It’s called Nature Strip subsistence farming.

    That’s the change you’ll be getting…

    The United States of Mexetina – It’s change alright…

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 9:23 pm

  23. llpoh says:

    TeresaE: how many more piglets before the sow dries up?

    pigs%20sucking.jpg

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 9:27 pm

  24. howard in nyc says:

    Reverse Engineer sed: The nice thing about the 46 members on Reverse Engineering is they actually read articles before they make idiotic contributions to the comments section.

    RE

    well thank you. we here at the platform pride ourselves on our efficiency!

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 11:07 pm

  25. Reverse Engineer says:

    Take Pride in it all you like Howie. I know Jim does. It’s how he chooses to run his website, it appeals to his personality traits. I am quite fine with trolling the website like everybody else does. im clearly does not want me to continue contributing articles, since he repetitively invited me to stop doing it. So I took him up on his suggestion. That is all.

    RE

    Hot debate. What do you think? Thumb up 1 Thumb down 7

    3rd June 2011 at 11:15 pm

  26. llpoh says:

    HappyDance2.gif

    happydance.gif

    animated_dance.gif

    purplethinghittinit.gif

    01HappyDance.gif

    The celebrations continue at the news the Rants have ceased!

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 2

    3rd June 2011 at 11:35 pm

  27. llpoh says:

    And continue:

    oofyHappyDanceHelpfulHugsTags3-vi.gif

    cats38.gif

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    3rd June 2011 at 11:41 pm

  28. Reverse Engineer says:

    LLPOH, the Rants have not ceased. I just no longer will put up articles here. Instead I rant in the comments. Its a format change. However, the animations are good :-)

    RE

    Like or Dislike: Thumb up 1 Thumb down 1

    3rd June 2011 at 11:47 pm

  29. Irrationalizer says:

    RE, the voice of the antithesis of our our society’s irrational exuberance must not be squelched. This is not to say that everything he utters is prophetic or timely, but we must not ignore it all.

    Ignore the F***ing hiipo dance, dude. Spaceman Spiff can suck it too.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd June 2011 at 11:50 pm

  30. llpoh says:

    RE – I have noticed the words still flow on. And on. And on. C’est la vie! BTW – I particularly like the hippo, the guy in the orange pants, and the cat. Actually, they all made me laugh. There was a dancing skeleton, but I will use him later.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 11:50 pm

  31. Reverse Engineer says:

    I’m on a Calvin and Hobbes Junket myself

    Calvin%20and%20Hobbes-2009.03.08.gif

    RE

    Like or Dislike: Thumb up 0 Thumb down 0

    3rd June 2011 at 11:58 pm

  32. Reverse Engineer says:

    one more try

    Calvin%20and%20Hobbes-2009.03.08.gif

    RE

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 12:00 am

  33. llpoh says:

    One more – for all of the pervs:

    file.php?avatar=61_1300551314.gif

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 0

    3rd June 2011 at 12:11 am

  34. Reverse Engineer says:

    And another, for the thoughtful

    Calvin%20and%20Hobbes-2009.02.15.gif

    RE

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    3rd June 2011 at 12:18 am

  35. Surly1 says:

    Off topic–

    I for one enjoyed the RE posted rants. They invited hundreds of posts, and contribute greatly to the vitality of TBP. Even when the shit-throwing monkeys are out in force. I think that Jim might do well to remember that a little outrageous opinion is like spicy food– good for the digestion, clears the sinuses, makes you fart.

    Bring back the rants!

    llpoh, RE– enjoying the pix. llpoh– rockin’ animated gifs!

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 7:04 am

  36. Yojimbo says:

    I agree. Bring back the Frostbite Falls Daily Rants. Perhaps with a bit more humility and a bit less glee of the impending doom of mankind. The historical background is important.

    A few topic requests:

    Debt Servitude – A Historical Overview of both Peasant Servitude and National Servitude.

    The Crusades – Are Israel’s current geopolitical problems just another episode of The Crusades?

    The Rich – Are past revolutions against the monied class a predictor of the future? Contrast past revolutions and their outcomes. (This could serve as a nice background for Admin’s next installment.)

    Like or Dislike: Thumb up 4 Thumb down 0

    3rd June 2011 at 8:36 am

  37. Reverse Engineer says:

    The Daily Rants will return to TBP only if Admin requests it. Since Hell will Freeze Over before he would do that, said Frosbite Falls Daily Rants will not be published on TBP. You can however read them over on Reverse Engineering.

    http://tech.groups.yahoo.com/group/reverseengineering/

    RE

    Like or Dislike: Thumb up 2 Thumb down 2

    3rd June 2011 at 9:14 am

  38. Reverse Engineer says:

    BTW Yojimbo, good topic ideas.

    RE

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd June 2011 at 9:15 am

  39. Administrator says:

    RE

    I never told you to not post anything. I publish everything that anyone puts up. For an end of world doomster, you sure are thin skinned. I will not request anything from anyone. You are free to do whatever you please. Don’t act like I banned you. That is another one of your false storylines.

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd June 2011 at 9:31 am

  40. Thunderbird says:

    TeresaE Says: In most locations in the US, you can’t open a business out of your home without zoning (and commercial taxes) variances.

    You are correct. In the old days small business in most cases started at the home residence and as the business built up the next investment was in a commercial site. It was the same with homebuilding. One slowly built their house as money came in.

    Today building codes and local government prevent these type of green shoots. There is a lack of common sense in this and why new business which is desparately needed cannot fund its own startup. Government wants to see a business plan and an illogical investment of funds that are not available to carry out the government’s vision of how a business should start-up.

    It is my hope that as local governments run out of tax money to run their huge overhead intruding workforce (code enforcers) that they will not have the ability to harrass people for business start-ups at home. Also when people begin to look at their homes as a place to live and work out of rather than an investment, then a new mindset will emerge.

    Business does not need a large investment for start-up if one is modest and works within their means. It is government that has made it expensive with all their regulations and compliance rules. Government has no common sense. Government is the problem. Government wants to regulate areas it has no business in.

    I am looking for the economic collapse because to me it freedom. The collapse has to affect the adverse operation of the government in controlling business. Government needs a new attitude.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    3rd June 2011 at 9:54 am

  41. Reverse Engineer says:

    @Admin

    I disagree. First you invited me to quit:

    ” you are free to leave and go over to your Yahoo page with 3 members.”- Admin

    then you threatened to ban me

    “As the Nazi Administrator of TBP, keep your eyes open. I could exterminate you at any time. ”

    I took you up on your suggestion to return to write on Yahoo. If you retract that suggestion and suggest that I come back here to write, I will do so. Otherwise, you obviously do not want me to write on TBP, which is fine.

    RE

    Like or Dislike: Thumb up 1 Thumb down 5

    3rd June 2011 at 11:52 am

  42. Administrator says:

    RE

    Every time you bitch about what you don’t like about TBP, I inform you that you are free to leave.

    Don’t think you can throw shit without getting shit thrown back at you. You purposely provoke fights and when I fire back, you sulk, take your bat and ball, and say you aren’t coming back.

    I will post anything that anyone wants to say on my site. I’ve never stopped anyone from posting anything. I will not beg anyone to post. If I see something written by you in my pending list, I will publish it.

    Stop being so thin skinned.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    3rd June 2011 at 12:01 pm

  43. Reverse Engineer says:

    Sorry no, not good enough. When I returned here to write after divorcing Jasn, I was under the mistaken impression you wanted my contributions. You make it apparent you do not want them each time you invite me to leave or threaten to ban me. Until you tell me you actually WANT my contributions, I will not contribute. Do you want me to contribute or not?

    RE

    Like or Dislike: Thumb up 1 Thumb down 6

    3rd June 2011 at 12:15 pm

  44. Administrator says:

    RE

    You make me laugh. When I split with Jason, you motherfucked me and my new site. I never asked you to come to my site. I couldn’t care less whether you post or not. Everyone is free to write whatever they want. Your choice. Not mine.

    You really are a drama queen.

    Should we all vote again?

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 1:36 pm

  45. Administrator says:

    RE

    I already said you CAN post anything.

    Now you are asking me to WANT you to rant? I would rather stick my dick in a rusty hand operated coffee grinder.

    You are an Attention Whore baby. Fuck off before I ban your sorry ass.

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    3rd June 2011 at 2:22 pm

  46. Reverse Engineer says:

    As I said, Hell would Freeze Over first.

    RE

    Like or Dislike: Thumb up 0 Thumb down 5

    3rd June 2011 at 2:41 pm

  47. Administrator says:

    The last Administrator post was a Doppleganger. I know who it is, but won’t reveal him/her.

    Here is RE after being told that he can post anything he likes:

    pouting-angry-man.jpg

    RE after his mom says he can suck on her tit anytime he wants.

    pouting+child.jpg

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0

    3rd June 2011 at 2:52 pm

  48. StuckInNJ says:

    It was one of these two people.

    robb_stucky.jpg

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    3rd June 2011 at 2:55 pm

  49. Yojimbo says:

    Reverse Engineer

    I’m waiting for the new post…..

    “Even if you are a minority of one, the truth is the truth.” Mahatma Gandhi

    Like or Dislike: Thumb up 2 Thumb down 4

    3rd June 2011 at 3:02 pm

  50. Surly1 says:

    C’mon RE. Post here again.

    If nothing else, just think of the people it will piss off.

    Like or Dislike: Thumb up 3 Thumb down 2

    3rd June 2011 at 3:21 pm

  51. llpoh says:

    Beg him, guys. That is what he want. He needs his ego stroked just a bit more. His ego is attached directly to his dick. Too bad he can’t get past that little issue.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 3:48 pm

  52. StuckInNJ says:

    RE

    PLEASE post your rants again!! For you are …

    …. acute, adept, agile, alert, apt, astute, bold, brainy, bright, brilliant, brisk, canny, clever, crafty, effective, eggheaded, fresh, genius, good, impertinent, ingenious, keen, knowing, long-haired, nervy, nimble, on the ball, pert, pointed, quick, quick-witted, ready, resourceful, sassy, sharp, shrewd, skull, slick, wise, awesome, fascinating, incredible, marvelous, prodigious, shocking, stunning, surprising, unbelievable, wonderful, celebrated, distinguished, eminent, excellent, exceptional, glorious, illustrious, magnificent, prominent, splendid, superb, accomplished, acquainted with, brainy, civilized, coached, corrected, cultivated, cultured, developed, enlightened, enriched, erudite, expert, finished, fitted, formed, informed, initiated, instructed, intelligent, knowledgeable, lettered, literary, literate, nurtured, polished, prepared, professional, refined, scholarly, schooled, scientific, shaped, skilled, tasteful, taught, trained, tutored, versed in, well-informed, well-read, well-taught, well-versed ….

    How can we possibly exist without you?

    Even llpoh has seen the light.

    Please don’t withhold yourself from us ignorant masses. WE NEED TO BE SAVED!!!

    All Hail To RE!! The Glorious. The Magnificent. The Benevolent/ Peace Be Upon Him!

    Like or Dislike: Thumb up 5 Thumb down 1

    3rd June 2011 at 3:57 pm

  53. Administrator says:

    Stuck

    You forgot succinct.

    Like or Dislike: Thumb up 5 Thumb down 1

    3rd June 2011 at 4:02 pm

  54. Reverse Engineer says:

    Nope. Only one vote counts here.

    RE

    Like or Dislike: Thumb up 0 Thumb down 5

    3rd June 2011 at 4:10 pm

  55. Yojimbo says:

    RE

    Thank you for admitting publicly that my vote is the only one that counts. So you can stop waiting for Admin to bend a knee to you. It’s not going to happen.

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 4:16 pm

  56. Reverse Engineer says:

    @Yojimbo

    I am perfectly aware of Admin’s personality traits. That is why I said Hell would have to Freeze Over here for this to change.

    RE

    Like or Dislike: Thumb up 0 Thumb down 4

    3rd June 2011 at 4:28 pm

  57. llpoh says:

    Admin – thank you so-o-o-o-o much.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 4:30 pm

  58. Administrator says:

    3169338344_f50eb432a3.jpg

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    3rd June 2011 at 4:47 pm

  59. Administrator says:

    41HZT5MBM3L._SL500_AA300_.gif

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 4:50 pm

  60. Administrator says:

    favre%20queen.jpg

    certified_drama_queen.jpg

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 4:53 pm

  61. llpoh says:

    RE is getting bitch slapped.

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    3rd June 2011 at 5:01 pm

  62. Punk in Drublic says:

    Stuck

    RE is skull?

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 6:01 pm

  63. StuckInNJ says:

    Punk

    You ACTUALLY read through that list?

    129145512596130304.jpg

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 0

    3rd June 2011 at 6:29 pm

  64. Reverse Engineer says:

    Guys, there is no voting. Only the Nazi Fuehrer decides. Syphillis victims like llpoh seem unable to grasp simple ideas like this.

    RE

    Hot debate. What do you think? Thumb up 2 Thumb down 7

    3rd June 2011 at 6:36 pm

  65. newsjunkie says:

    I hate it when you guys are all on the rag at the same time. I’ll just slowly back out for a few days…

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 6:44 pm

  66. Administrator says:

    I declare that anyone can post anything at any time. Seig Heil!!!!

    hitler_baby-11988.jpg

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0

    3rd June 2011 at 9:07 pm

  67. StuckInNJ says:

    How RE views HIMSELF
    d774e1c1cb16f3ba2b534266ba77c864.jpg
    .
    .
    How WE view RE
    navel+gazing.jpg

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 0

    3rd June 2011 at 9:30 pm

  68. Opinionated Bloviator says:

    LLpoh – your animated girl gif – I bet her tits are silicone. And people tell me don’t give up your day job.

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd June 2011 at 10:39 pm

  69. FRED FLINTSTONE says:

    RE: What the hell Alice? Really? You are really gonna play the nobody loves my work card NOW?? I have had to sift through millions of characters of your “work” ( I’m OCD don’t ask) and now you are going to require grovelling to continue the supply? You sir are a piece of work. Good day.

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 12:09 am

  70. llpoh says:

    Fred – you have read millions of his words/characters? Holy shite, you need help. .

    But I am glad you see what drives RE – kinda of like a toddler that every minute is yelling look Mommy look at me.

    When he lays off that he is almost bearable.

    RE – seriously, if you want to post, post. Few here will get down on their knees and beg. Maybe ER will. But that’s about it.

    Like or Dislike: Thumb up 5 Thumb down 1

    3rd June 2011 at 12:35 am

  71. Colma Rising says:

    Reverse Engineer is an Illuminati Pig Man.

    Like or Dislike: Thumb up 4 Thumb down 2

    3rd June 2011 at 1:19 am

  72. Reverse Engineer says:

    This gets nuttier by the post.

    Even if Fred is OCD and expects me to keep writing articles here to satsify his compulsion, I don’t have an obligation to continue. Even if Jim will publish anything anyone writes, there is no obligation for anyone to write anything, including me.

    I enjoyed publishing my rants on TBP, I enoyed the lively debate they engendered ithe Comments, but periodically Jim gets ticked off and either threatens to ban me or he invites me to stop publishing and return to my little Yahoo group, or both. After a few rounds of this I decided to take him up on his suggestion and just publish the Rants on Yahoo.

    I still write plenty here, I still enjoy the group dynamic, I still think TBP is one of the most informative websites on Collapse topics, but if Jim is going to threaten to ban me and tell me to take my bat and ball and go home, at a certain point I’ll take him up on that. That certain point was reached in the last Rant.

    Say you are a parts supplier who works with a parts distributor. The parts supplier keeps telling you he doesn’t need your parts and go sell them to somebody else. Eventually, you get tired of this behavior, so you actually take up the Distributro on his suggestion. In the case of a parts supplier, he might have a financial obligation to the distributor, but that is not the case here, there are no financial obligations. There has to be some other reason to maintain the relationship when there is no monetary exchange. My mistaken belief was that Jim wanted me to contribute, but he clearly does not, so I stopped contributing articles. That is all.

    RE

    Like or Dislike: Thumb up 1 Thumb down 5

    3rd June 2011 at 1:53 am

  73. llpoh says:

    RE – I read the quotes you attributed to Admin. The first one basically said if you don’t like it here piss off. Fair enough. The second one seems more a statement of fact. His site his rules. He is VERY generous in his rules. If it was me I would have bitch slapped you for some of the liberties you have taken. He is damn benevolent. But it seems you require absolute assurance that you can post anything, and I mean anything, and not be banned. Well, the only way you can get that assurance will be on your own site.

    Publishers accept some material, and some they decline. Jim accepts almost all of it. Send your stuff to the WSJ or NYT and see how much gets published.

    If you want to post, then post. If you do not, then don’t. It is your decision. If Jim pissed you off that is your problem. Not like you didn’t deserve it. In this you remind me of my old man. He LOVED to goad people for laughs. But when it turned ugly, which sometimes but rarely happened, he wouldn’t back down one fucking inch and would get all indignant. Does that remeind you of anyone? Shit, you have admitted to posting all kinds of crap you either don’t believe or for the express purpose of starting a shitfight.

    So if you want to post then fucking post. If you get banned, then you can jump up and down. You are being way too fucking precious.

    I am giving you A1 gold-plated advice here. I couldn’t care less if you post or don’t, and have never to my knowledge said otherwise. I have hammered righteously away on the length of you stuff, for good reason.

    But please, no more of this blaming the Admin crap. It is entirely your choice until it isn’t.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    3rd June 2011 at 3:32 am

  74. Administrator says:

    dfb5d9c2c6af89cbb35827472b270af8.jpg

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 1

    3rd June 2011 at 7:54 am

  75. Reverse Engineer says:

    Thanks, I’ll pass. Live with it.

    RE

    Like or Dislike: Thumb up 1 Thumb down 3

    3rd June 2011 at 11:03 am

  76. Administrator says:

    who-cares%255B1%255D.jpg

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 1

    3rd June 2011 at 11:08 am

  77. Reverse Engineer says:

    Whether anyone cares or not is irrelevant. You fucked up. Beating a dead horse won’t change that.. Live with it.

    602_image-09.jpg

    RE

    Like or Dislike: Thumb up 2 Thumb down 5

    3rd June 2011 at 11:31 am

  78. Administrator says:

    Don’t you mean beating a dead one trick pony?

    130586574665.jpg

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 11:44 am

  79. StuckInNJ says:

    RE

    Why don’t you just Fuck Off.

    Seriously.

    Your whining and crying and bitching about your hurt feelings is tiresome. You are the definition of Narcissism. Pussy.
    .
    .
    Jim, just get it over with and ban him. You really don’t need to put up with his CONSTANT SHIT day in and day out. He is NOT worth the aggravation. He is a detriment to this board at this point. At least give him a “time out” and ban him for 30 days. Maybe he can grow a brain in that time frame.

    Like or Dislike: Thumb up 5 Thumb down 2

    3rd June 2011 at 11:46 am

  80. Reverse Engineer says:

    Obviously you never learned the lesson that you don’t get out of a hole by digging yourself in deeper.

    digging_hole001.jpg[img

    RE

    Like or Dislike: Thumb up 1 Thumb down 3

    3rd June 2011 at 11:47 am

  81. Administrator says:

    Stuck

    I’m having too much fun. I wouldn’t think of banning RE.

    I was just about to start begging him to post.

    mistakes-begging.jpg

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 11:51 am

  82. Administrator says:

    The mascot for RE’s new website.

    130201067444.jpg

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 11:54 am

  83. Administrator says:

    Stuck

    Can you believe that the site got 28,000 visitors in the last two days without RE’s Daily Rant? The wheels are really coming off this bus. I’m digging a deep hole. I don’t know how I’ll ever get out.

    digging1.jpg

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    3rd June 2011 at 11:59 am

  84. Thinker says:

    Jim, you do like to taunt Boomers, don’t you? :)

    Voting with Stucky on this one.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 12:03 pm

  85. Reverse Engineer says:

    You would have to do some pretty impressive grovelling.

    Grovel.jpg

    RE

    Like or Dislike: Thumb up 1 Thumb down 3

    3rd June 2011 at 12:05 pm

  86. Administrator says:

    Thinker

    It’s Fun Friday. I’m having so much fun with this thread, I moved it back to the top.

    Maybe we’ll have Taunting Tuesday where I trash Boomers all day for destroying our country.

    Did you say that you read about the Atonement idea regarding 4th Turnings? If you have a link, I’d like to read about the idea.

    Like or Dislike: Thumb up 1 Thumb down 1

    3rd June 2011 at 12:09 pm

  87. StuckInNJ says:

    OK, Jim … if you’re having fun then I’ll try to play nice as well. I just thought he was shitting all over you and stinking up the place. I am not only The Judge … I am also The Enforcer, it’s my job to protect your flank and inflict an asskicking (figuratively and literally) whenever necessary.

    RE, you are one lucky motherfucker Jim is gracious and filled with the Holy Spirit.

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 12:12 pm

  88. Reverse Engineer says:

    Stuck, you are clueless.

    RE

    Like or Dislike: Thumb up 2 Thumb down 4

    3rd June 2011 at 12:13 pm

  89. Thinker says:

    I’ll email it to you directly, Jim.

    Like or Dislike: Thumb up 0 Thumb down 0

    3rd June 2011 at 12:13 pm

  90. Administrator says:

    How’s this for groveling?

    Giving-The-Finger-719240.jpg

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    3rd June 2011 at 12:13 pm

  91. AwholeDr says:

    I think Jimbo can handle himself.

    Maybe we can all chip in and get RE this wonderful gift, an “Ostrich pillow.”

    b024_ww_20110208_kawamura-ganjavian_ostrich-003.jpg.jpg

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd June 2011 at 12:39 pm

  92. AwholeDr says:

    (in use)
    b024_ww_20110208_kawamura-ganjavian_ostrich-002.jpg

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    3rd June 2011 at 12:39 pm

  93. Buckhed says:

    Jim…where did you get the picture of Obama flipping the bird ?

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    3rd June 2011 at 1:23 pm

  94. Robmu1 says:

    When we ran off 2-time TBP Douchebag of The Year David Pierre, TBP lost a little something – we need someone to abuse in the normal course.

    Don’t leave, RE.

    Like or Dislike: Thumb up 5 Thumb down 1

    3rd June 2011 at 1:52 pm

  95. Reverse Engineer says:

    Sorry, that wasn’t sincere enough to change the outcome. However, I accept your apology.

    RE

    Like or Dislike: Thumb up 0 Thumb down 5

    3rd June 2011 at 2:09 pm

  96. FRED FLINTSTONE says:

    The picture of RE inside the giant nutsack pillow is precious

    Like or Dislike: Thumb up 4 Thumb down 1

    3rd June 2011 at 4:05 pm

  97. Punk in Drublic says:

    No more RE’s rants…. China is flaming out….. Gonzola Lira is hurling turds on a regular basis…. Congressman Weiner is showing off his 11 1/2 inch trouser trout….

    Yoohoo, Smokey…. You can come back now.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    3rd June 2011 at 6:11 pm

  98. llpoh says:

    For fuck sake. RE – stop being such a fucking dickhead.

    Like or Dislike: Thumb up 1 Thumb down 0

    3rd June 2011 at 9:11 pm

  99. Reverse Engineer says:

    I will, once You stop being an Asshat.
    asshat.png

    Like or Dislike: Thumb up 0 Thumb down 0

    3rd June 2011 at 9:26 pm

  100. Reverse Engineer says:

    @ llpoh

    That will happen when

    hell-freezes-over1.jpg

    RE

    Like or Dislike: Thumb up 0 Thumb down 0

    3rd June 2011 at 9:26 pm

  101. Administrator says:

    bigbaby.jpg

    Like or Dislike: Thumb up 1 Thumb down 0

    3rd June 2011 at 9:36 pm

  102. newsjunkie says:

    fd3585a6-d525-4ec9-8cb6-23e1ecab2a7d.jpg

    Like or Dislike: Thumb up 1 Thumb down 0

    3rd June 2011 at 9:42 pm

  103. a cruel accountant says:

    RE has you all wrapped his finger. Just ignore him and he will go away.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd June 2011 at 9:43 pm

  104. Reverse Engineer says:

    @a c a

    Its Pavlov. Its EZ!

    Stivers%202-10-03%20Pavlov%27s%20dogs.gif

    RE

    Like or Dislike: Thumb up 1 Thumb down 0

    3rd June 2011 at 9:56 pm

  105. Reverse Engineer says:

    MSM starting to Attack Obama-sama. Should be an entertaining electoral charade.

    RE

    Economic news is bad for Obama’s reelection bid

    View Photo Gallery —  Some of Obama’s critics have described him as “anti-business.” Here’s a look at some of the president’s attempts to change that image by engaging with executives and workers.

    Zachary A. Goldfarb and Peter Wallsten, Published: June 3

    Any notion that President Obama’s reelection campaign was gaining momentum was shaken this week by a string of worrisome economic reports showing weakness in the job market and new lows for housing prices.

    The bad news for Obama stood in contrast to a run of positive developments that had given many Democrats reason for confidence. The economy had been adding jobs at a steady clip. A president once accused of being weak on national security ordered the raid that led to the killing of Osama bin Laden. And several potentially strong Republican presidential candidates took a pass on the race.

    See which industries are adding jobs and which are still in bad shape.
    Republicans slam White House over jobsStocks extend losing streak on jobs reportMixed signals could sink Obama’s reelectionRomney to Obama: It’s your economy nowGet the latest from PostPolitics
    .But on Friday, a surprisingly grim employment report was a warning that Obama could face a more challenging economy than had been expected. The government said the economy had added far fewer jobs than analysts had projected.

    The disappointing news posed a predicament for Obama, who had scheduled a visit to a Chrysler plant Friday to herald the rebirth of the U.S. auto industry. As he gave a celebratory speech to cheering autoworkers, his advisers in Washington scrambled to explain the jobs report.

    During Friday’s visit to the plant in Toledo, Obama did not mention the grim jobs number that was released Friday. Rather, he talked of saving a “proud industry” and “more than a million jobs.”

    Still, he acknowledged continuing challenges. “[W]e still face some tough times,” Obama said. “There are still some head winds that are coming at us.”

    Some political analysts said Obama would have to confront just how fierce those winds are.

    “The prospect of economic growth getting up to a point and unemployment getting down to a point that is comfortable for an incumbent are declining by the month, and are now not very high at all,” said William Galston, a policy adviser in the Clinton White House and a veteran of Democratic presidential campaigns.

    He added, “I hope there’s someone on the inner circle with the standing and the guts to tell the president that, if things continue the way they’re going, despite everything he’s done, he’s going to be in trouble.”

    Behind the economic distress is a series of unexpected events, including the earthquake and tsunami in Japan, the European debt crisis and rising gasoline prices. As a result of the unemployment rate turning back up and the housing market reaching new lows since the slump began in 2006, numerous economists have reduced their expectations for economic growth this year.

    Even more challenging for Obama is that some of the hardest-hit states, such as Florida, Nevada and Michigan, are critically important for his reelection strategy.

    Democrats believe the auto bailout can be a big political winner in the industrial Midwest. But the administration has struggled to show progress in helping struggling homeowners.

    And White House allies concede that the economy may present greater challenges than they had thought.

    “The president is going to be running for reelection in an economy that’s still too weak,” said Jared Bernstein, who until last month was chief economic adviser to Vice President Biden. “It is improving and is in a far better place than it was when he got there but still is not adequately lifting the living standards of the broad middle class.”

    Like or Dislike: Thumb up 0 Thumb down 1

    3rd June 2011 at 7:34 am

  106. TeresaE says:

    The BLS (or was yesterday’s report DOL, as if it matters, it is all BS) has a known bias of creating around 100k jobs a month out of thin air via their “Birth/Death” model.

    Which means we LOST jobs just as thousands of grads & students are looking for work to continue paying for degrees that are quickly becoming nothing but a huge albatross around their future necks.

    Ah, smell the success.

    Because I truly believe that every jobs number released since the early 2000s, is pure and utter bullshit, it strikes me as funny that the lie becomes a little closer to reality at this particular time, in this particular month.

    Mmmmm, what exactly is happening this month that would lead the government to want things to appear worse? Could it be the end of their free moola from the Fed? The end of the banks free profits?

    Nah, sure it is just a coincidence and that things won’t be packaged as “worse” to give justification to Benny to keep his inkjets working.

    I expect stocks and employment to go down over the summer so that the smell of panic can cover the fact that it is too farking late.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd June 2011 at 11:29 am

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