FOCUS PEOPLE!  It is ALL about the ECONOMY.  3Chcis is trying to keep it real.  Girls just want to have fun, and we do.  But we don’t want to get distracted from the REAL DEAL.  It is the ECONOMY. 

Koran burnings, Sarah Palin, Glen Beck, Phil Davidson, Sharon Angle, and especially the LAME STREAM media, they are ALL distractions, albeit dangerous distractions, they do absolutely nothing to assist our country in getting out of its economic SHIT HOLE. 

America’s economy has a long way to go in stabilizing, but it is slowly gaining some ground, only you don’t hear the media reporting it.  

Peep this article from The Boston Herald. 

The Boston-area economy is performing better than the rest of the nation, though the commercial and residential housing markets are acting as drags here and elsewhere, according to a new Federal Reserve report. 

Overall, there are “widespread signs” of slowing activity within the U.S. economy, the Fed’s latest “Beige Book” warned yesterday. 

The New York, Philadelphia, Richmond, Atlanta and Chicago markets are either showing “mixed conditions or deceleration” of the economy. 

OR THIS:   The Daily Wrap.  See video. 

Stocks retreated from earlier gains but the major indexes still managed to close in positive territory. A better than expected jobs report sparked the rally this morning. The U.S. Department of Labor report showed there were fewer people filing for unemployment claims than economists expected. That was good news for investors, as more people working bodes well for the U.S. economy. But a midday Bloomberg report dampened the rally. Bloomberg said Deutschebank may be considering a stock sale. Investors speculated the German bank may need the money for it’s debt situation which reignited worries over the European crisis. 


Fears of a second recession ease, at least for now 

By MARTIN CRUTSINGER and JEANNINE AVERSA, AP Economics Writers Martin Crutsinger And Jeannine Aversa, Ap Economics Writers – Thu Sep 9, 4:00 pm ET 

WASHINGTON – No, the economy isn’t roaring ahead. And no, companies aren’t making lots of job offers. But a fresh batch of economic data Thursday at least eased summertime fears that the economy might be on the brink of another recession. 

Far fewer people applied for unemployment aid last week, suggesting layoffs are easing. And the nation’s trade deficit narrowed in July, thanks to a bigger appetite overseas for American exports.  Other recent data support the notion that the economy, while growing only fitfully, is at least not in danger of stalling:  Continue reading here. 


Data shows economic recovery on track 

By Lucia Mutikani and Doug Palmer Lucia Mutikani And Doug Palmer – 

WASHINGTON (Reuters) – New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.  The data on Thursday helped to calm fears of a sharp slowdown in growth and implied the economy could start working its way out of a soft patch.  The economy is not out of the woods with today’s data, but things look better than they have in several weeks and there is no danger of a new downturn in activity,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.  Initial claims for state unemployment benefits dropped 27,000 to 451,000, the lowest since the week ended July 10, the Labor Department said. That was well below financial market expectations for 470,000.  Read on here. 

Remidner of what this administration is doing for Americans: 

It all depends on where you’re getting the news, but I’m not hearing any of this optimisim about the economy on the cable networks, are you?  Let 3Chics know what’s going on in your neck of the woods. 

Here’s some parting music for you! 

***CNN****BREAKING NEWS*** Just in@ 9:51 p.m. EST. 

Austan Goolsbee will be named chairman of the White House Council of Economic Advisers, CNN’s Ed Henry has learned.   

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  1. Ametia says:

    Look at $ Income for 50 years: GOP’s for the Rich; Dems for US all

  2. Obama Press Conference: President To Take GOP To Task On Economy, Tax Cuts

    WASHINGTON — Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the GOP has backed in the past.

    Obama has argued that case many times recently. But on Friday he takes it to an audience of millions, including many who will vote in November’s decisive congressional elections, during a nationally televised news conference from the White House East Room.

  3. Ametia says:

    AP source: Obama to name Goolsbee to head council
    The Associated Press
    Friday, September 10, 2010; 2:24 AM

    WASHINGTON — President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.

    Obama was expected to announce the appointment at the beginning of his news conference on Friday. The official spoke Thursday on condition of anonymity because the formal announcement had not been made.

    Goolsbee, a University of Chicago professor of economics, is one of three economists on the council. He already has been confirmed to the council by the Senate.

    He replaces Christina Romer, who left the administration last week to return to her teaching position at the University of California, Berkeley.

    ABC reported late Thursday that Goolsbee would be named to the post, a key position as Obama focuses on the economy ahead of November elections. Voters may be in the mood to blame the president’s Democratic Party over the sour economy and unemployment.

    Goolsbee, 41, was Obama’s senior economic policy adviser during the 2008 presidential campaign. A graduate of Yale and the Massachusetts Institute of Technology, he is considered to be a centrist economist.

    He gained unwanted visibility during the campaign after a Canadian consulate memo asserted that Goolsbee privately told Canadian officials that Obama’s public statements on trade were “political positioning.” Goolsbee disputed the claim.

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