Jobs saved?...

The White House has claimed it saved or created 1 million new jobs since enacting the stimulus since Feb. 2009. I'm very dubious about that number, but let's give them a benefit of the doubt for a minute. Let's say 1/3 of the stimulus money ($787 Billion) has been spent so far (though I think it's closer to half). Thats ~$262,000,000,000... divided by 1,000,000 equals ~$262,000 per job. The average yearly wage in the US is ~$41,000.....yikes! A difference of $221,000. I guess the jobs that were saved were the bankers and government officials that got us into this mess since those are the only wages in that upper bracket.

Year to date total jobs lost 24,496,541!!!!!!!!!!


Stats put together by this smart guy on WSJ MW

Year to date total unemployment numbers (non-seasonally adjusted):

2009 2008 2007 2006 2005

YTD Totals .. 24,496,541.. 16,132,767.. 13,333,451.. 12,940,565.. 13,978,938


July Totals.. 2,349,590.. 1,673,184.. 1,359,167.. 1,388,991.. 1,424,282

Aug Totals.. 2,321,221.. 1,803,676.. 1,318,189.. 1,295,295.. 1,292,461
Sep Totals.. 1,761,830.. 1,509,567.. 1,010,571.. 1,028,202.. 1,212,639
Oct Totals.. 1,914,499.. 1,746,354.. 1,215,868.. 1,120,169.. 1,301,831



Weekly totals:
The REAL numbers - don't mess around with phony seasonal adjustments as the economy is not following historical patterns - this week WELL up:

W/Ending … 2009 … 2008 … 2007 … 2006 … 2005
1/3/2009 … 731,958 … 521,311 … 499,979 … 475,889 … 540,927
1/10/2009 … 959,791 … 547,506 … 506,059 … 555,114 … 693,776
1/17/2009 … 763,987 … 415,149 … 506,709 … 439,873 … 467,862
1/24/2009 … 620,143 … 369,944 … 367,583 … 317,926 … 360,583
1/31/2009 … 682,176 … 380,138 … 359,959 … 318,805 … 364,704
2/7/2009 … 710,152 … 377,457 … 339,018 … 321,527 … 347,391
2/14/2009 … 619,951 … 325,754 … 363,018 … 310,078 … 309,290
2/21/2009 … 605,668 … 329,925 … 305,945 … 269,571 … 303,814
2/28/2009 … 645,827 … 345,165 … 299,000 … 272,478 … 290,776
3/7/2009 … 652,636 … 341,685 … 320,194 … 301,867 … 332,067
3/14/2009 … 601,193 … 335,917 … 298,927 … 294,764 … 307,061
3/21/2009 … 590,067 … 316,598 … 277,187 … 269,237 … 290,719
3/28/2009 … 599,299 … 341,846 … 273,432 … 265,370 … 291,378
4/4/2009 … 623,630 … 357,206 … 268,218 … 253,985 … 294,994
4/11/2009 … 610,522 … 370,949 … 328,266 … 314,696 … 339,709
4/18/2009 … 596,564 … 328,346 … 317,917 … 268,472 … 285,657
4/25/2009 … 580,377 … 337,858 … 303,984 … 291,349 … 299,891
5/2/2009 … 537,539 … 335,547 … 267,672 … 279,715 … 290,824
5/9/2009 … 570,412 … 325,480 … 274,801 … 317,239 … 297,347
5/16/2009 … 540,925 … 319,694 … 258,516 … 288,972 … 275,524
5/23/2009 … 538,268 … 326,518 … 270,446 … 277,168 … 276,761
5/30/2009 … 500,383 … 300,989 … 273,397 … 292,714 … 304,306
6/6/2009 … 581,080 … 373,046 … 263,527 … 260,263 … 289,914
6/13/2009 … 558,407 … 349,255 … 302,368 … 285,892 … 315,938
6/20/2009 … 568,552 … 358,159 … 290,951 … 277,441 … 289,831
6/27/2009 … 559,894 … 368,544 … 292,583 … 287,503 … 286,681
7/4/2009 … 581,145 … 401,672 … 300,348 … 304,638 … 327,268
7/11/2009 … 671,242 … 483,981 … 417,554 … 418,363 … 427,323
7/18/2009 … 585,575 … 411,408 … 383,839 … 377,115 … 374,665
7/25/2009 … 511,628 … 376,123 … 257,426 … 288,875 … 295,026
8/1/2009 … 466,695 … 382,792 … 270,563 … 259,974 … 261,906
8/8/2009 … 482,590 … 373,858 … 266,420 … 275,430 … 269,746
8/15/2009 … 457,985 … 343,169 … 257,573 … 256,259 … 257,151
8/22/2009 … 457,269 … 345,127 … 266,179 … 252,357 … 252,016
8/29/2009 … 456,682 … 358,730 … 257,454 … 251,275 … 251,642
9/5/2009 … 466,277 … 336,733 … 245,526 … 259,539 … 271,613
9/12/2009 … 411,126 … 382,249 … 261,971 … 240,231 … 322,387
9/19/2009 … 437,543 … 398,070 … 247,643 … 267,036 … 326,204
9/26/2009 … 445,618 … 392,515 … 255,431 … 261,396 … 292,435
10/3/2009 … 451,883 … 426,789 … 298,317 … 249,288 … 313,847
10/10/2009 … 509,730 … 454,065 … 306,519 … 307,646 … 380,093
10/17/2009 … 460,430 … 416,111 … 307,675 … 271,863 … 303,158
10/24/2009 … 492,456 … 449,389 … 303,357 … 291,372 … 304,733




Just some food for thought on GDP:

2007 GDP = $13.644 trillion, fed spends = $2.729 trillion, or 20.0%
2008 GDP = $14.546 trillion, fed spends = $2.983 trillion, or 20.5%
2009 GDP = $14.301 trillion, fed spends = $3.548 trillion, or 25.1%
2010 GDP = $14.546 trillion, fed spends = $3.766 trillion, or 25.9% if the economy gets back to 2008 - it won't.

Get out!

I apologize in advance I'm cross posting this on my 3 blogs...it's just too important. Please note this is just my opinion, and I'm not an investment professional.

For months the government, investment guru's etc. have been claiming the economy is recovering.....I call Bullsh!t! The economy is going into convulsions.... unemployment is at 17-20%, insiders (CEO, directors etc.) are selling off their assets, and banks are continuing to fail. Even the ISM (Institute for Supply Management) tried to paint a rosey picture with a positive statement:

(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in September for the second consecutive month, and the overall economy grew for the fifth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

But the important numbers PMI, Production, New Orders and Employment all showed multi-monthly CONTRACTION. If these areas are contracting...where is the recovery?
Foreclosures and Credit Card defaults continue to record levels.

A great explanation of the Employment numbers and how the government lies about the numbers without actually lying is explained HERE.

Ok so I have painted a bleak picture, but I'm not the only one.
What to do?
If you aren't moving from the market to cash, silver, maybe a bit of gold (those little 10th ounce peices are easy to lose), and barter items you are going to be hating life come 2010 (or sooner). Since we are into fall and heading for winter, many are already making like a squirrel and stocking up. I recommend if possible, to double down on this mentality.