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	<title>Comments on: A Sobering Jobs Report</title>
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	<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/</link>
	<description>Musings on Economics, Finance, and Life</description>
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		<title>By: Jane Quantam</title>
		<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/#comment-1704</link>
		<dc:creator><![CDATA[Jane Quantam]]></dc:creator>
		<pubDate>Sun, 17 Jan 2010 20:56:55 +0000</pubDate>
		<guid isPermaLink="false">http://dmarron.com/?p=2433#comment-1704</guid>
		<description><![CDATA[Bottom line: The economy is growing (as suggested by other data), but that growth is not yet translating into new jobs.

Isn&#039;t this like saying the plant continues to grow even though it is getting shorter and all the leaves are falling off. Simply because we dream it, doesn&#039;t make it so. 

I hope for an economic recovery, but I see 20% plus unemployment in once vibrant southern california, I see record high foodstamp use and every store in the world now accepting them. I see many empty commercial buildings, blocks of them in a row. I know from perusing the web that commercial real estate will collapse this year and home mortgages will continue to reset into unpayable conditions as collapsing values make abandoning property ever more tempting.

I think the simple reality is that the government numbers are manipulated and reported by a compliant corporate press who have no responsibility to report the truth. There is no recovery at this date. Period. The stock market is full of under the table government dollars propping up the illusion, kicking the can down the road, hoping the illusion will become reality.

Time is their enemy and gravity will certainly always win, even in a battle with the Federal Reserves&#039; printing presses.]]></description>
		<content:encoded><![CDATA[<p>Bottom line: The economy is growing (as suggested by other data), but that growth is not yet translating into new jobs.</p>
<p>Isn&#8217;t this like saying the plant continues to grow even though it is getting shorter and all the leaves are falling off. Simply because we dream it, doesn&#8217;t make it so. </p>
<p>I hope for an economic recovery, but I see 20% plus unemployment in once vibrant southern california, I see record high foodstamp use and every store in the world now accepting them. I see many empty commercial buildings, blocks of them in a row. I know from perusing the web that commercial real estate will collapse this year and home mortgages will continue to reset into unpayable conditions as collapsing values make abandoning property ever more tempting.</p>
<p>I think the simple reality is that the government numbers are manipulated and reported by a compliant corporate press who have no responsibility to report the truth. There is no recovery at this date. Period. The stock market is full of under the table government dollars propping up the illusion, kicking the can down the road, hoping the illusion will become reality.</p>
<p>Time is their enemy and gravity will certainly always win, even in a battle with the Federal Reserves&#8217; printing presses.</p>
]]></content:encoded>
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		<title>By: Economy Continues to Recover at a Painfully Slow Pace</title>
		<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/#comment-1669</link>
		<dc:creator><![CDATA[Economy Continues to Recover at a Painfully Slow Pace]]></dc:creator>
		<pubDate>Mon, 11 Jan 2010 04:12:58 +0000</pubDate>
		<guid isPermaLink="false">http://dmarron.com/?p=2433#comment-1669</guid>
		<description><![CDATA[[...] Samwick and Phil Izzo survey some of the different responses to the employment report. I think Donald Marron had the right perspective: job losses averaged 69,000 per month in the last quarter of 2009. [...]]]></description>
		<content:encoded><![CDATA[<p>[...] Samwick and Phil Izzo survey some of the different responses to the employment report. I think Donald Marron had the right perspective: job losses averaged 69,000 per month in the last quarter of 2009. [...]</p>
]]></content:encoded>
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		<title>By: More of the same &#124; Bear Market Investments</title>
		<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/#comment-1662</link>
		<dc:creator><![CDATA[More of the same &#124; Bear Market Investments]]></dc:creator>
		<pubDate>Sun, 10 Jan 2010 16:16:56 +0000</pubDate>
		<guid isPermaLink="false">http://dmarron.com/?p=2433#comment-1662</guid>
		<description><![CDATA[[...] Samwick and Phil Izzo survey some of the different responses to the employment report. I think Donald Marron had the right perspective:  job losses averaged 69,000 per month in the last quarter of 2009. [...]]]></description>
		<content:encoded><![CDATA[<p>[...] Samwick and Phil Izzo survey some of the different responses to the employment report. I think Donald Marron had the right perspective:  job losses averaged 69,000 per month in the last quarter of 2009. [...]</p>
]]></content:encoded>
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		<title>By: The December Employment Report &#8212; A Roundup</title>
		<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/#comment-1657</link>
		<dc:creator><![CDATA[The December Employment Report &#8212; A Roundup]]></dc:creator>
		<pubDate>Sun, 10 Jan 2010 01:00:08 +0000</pubDate>
		<guid isPermaLink="false">http://dmarron.com/?p=2433#comment-1657</guid>
		<description><![CDATA[[...] Marron calls it &#8220;sobering,&#8221; and James Pethokoukis gives nine reasons why it is &#8220;bad news&#8221; for Democrats. [...]]]></description>
		<content:encoded><![CDATA[<p>[...] Marron calls it &#8220;sobering,&#8221; and James Pethokoukis gives nine reasons why it is &#8220;bad news&#8221; for Democrats. [...]</p>
]]></content:encoded>
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		<title>By: December&#8217;s Unemployment Report: There&#8217;s no sunshine when your gone. &#171; The Western Experience</title>
		<link>http://dmarron.com/2010/01/08/a-sobering-jobs-report/#comment-1656</link>
		<dc:creator><![CDATA[December&#8217;s Unemployment Report: There&#8217;s no sunshine when your gone. &#171; The Western Experience]]></dc:creator>
		<pubDate>Sat, 09 Jan 2010 12:52:43 +0000</pubDate>
		<guid isPermaLink="false">http://dmarron.com/?p=2433#comment-1656</guid>
		<description><![CDATA[[...] report is a mixed bag of both positive and negative indicators. Professor Donald Marron has an excellent interpretation, for the layman,  on last month&#8217;s unemployment [...]]]></description>
		<content:encoded><![CDATA[<p>[...] report is a mixed bag of both positive and negative indicators. Professor Donald Marron has an excellent interpretation, for the layman,  on last month&#8217;s unemployment [...]</p>
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