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View Diary: Job growth clocks in at disappointing 120,000, far below forecasts. Unemployment rate falls to 8.2% (167 comments)

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  •  The Fed is talking down the economy (4+ / 0-)

    The Fed knows how investors are going to react to the minutes they release.

    The Republicans are hammering Bernanke and he can't move until the economy looks worse.  I think the Fed is trying to convince investors that QE3 may not be coming, so the stock market will take a hit.  Once things start looking bad, the Fed can jump in with a big QE3.  Unfortunately, the timing is not looking good for Obama.

    OTOH, Europe is still in a mess and Spain is looking like it's going to get pretty scary.  China has a housing bubble that's in the early stages of collapse.  The 2009 stimulus is almost gone, and nothing really changed since 2008.

    Obama needs to pull something out of his hat.

    •  I'm worried (2+ / 0-)
      Recommended by:
      pollwatcher, ItsSimpleSimon

      Somewhere in Bloomberg this AM I read about how the Republican attacks on the Fed are designed to restrain the Fed from doing more (like another QE) to boost the economy.

      Still the drop in U6 is nice to see and as long as the main unemployment continues to go down, most voters can be swayed that the economy is on track.  As long as September and October look OK for the markets and unemployment, we'll be OK.  I don't think the Republicans scare Bernanke much from what I can tell.

      Internationally there are so many reports of overcapacity among many sectors of the China economy, I'm wondering more about whenn and how that is going to impact us.

      I'm not liberal. I'm actually just anti-evil, OK? - Elon James White

      by Satya1 on Fri Apr 06, 2012 at 07:03:09 AM PDT

      [ Parent ]

    •  Barring an external shock (6+ / 0-)

      the economy is strong enough to not be a bigger issue than it is today.

      The massive bailout of Greece has managed to kick the can down the road for another 6 months or so in Europe.
        The American economy doesn't turn on a dime, so what we have going on now should continue for another 4 to 6 months.

        The BIG problem is the fundamental flaws in the economy, and the lack of political will to do anything about them.
        Wages are not keeping up with inflation. Recent college graduates still can't find decent paying jobs. In fact, good paying jobs are hard to find for everyone. Housing is still falling and will continue to fall for a long time to come. Health care in America is still failing and headed towards collapse. The banking system is still a parasite on the economy.

        These problems require drastic solutions, not tinkering around the edges. The reforms of the last few years were timid and insufficient by a large degree.

      “Take not from the mouth of labor the bread it has earned.” - President Thomas Jefferson

      by gjohnsit on Fri Apr 06, 2012 at 08:21:32 AM PDT

      [ Parent ]

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