Well surprise, surprise, I turn on CNBC a few minutes ago and

[doc03]

suddenly 3 days after the election there is real job growth for the first time since May. Even wages have increased, damn it didn't take those SOBs on Wall Street long to change tune did it.

[John Q. Citizen]

1. It's got nothing to do with wall street. It's a revision of government reports as

new or better data gets added to the mix.

It's always happening since new or more complete data changes the picture.

[rfranklin]

2. Those figures are from last month....

They had nothing to do with Wall Streets gyrations.

[HereSince1628]

3. Wall St is pretty flat at the moment.

[doc03]

9. Did I say anything about what the DOW is doing? By Wall Street

I meant the corporations suddenly opened up their purse strings and started hiring in October since they knew the report wouldn't come out until November 5. The market has made some pretty significant gains the last few days it is normal for it to take breather.

[HereSince1628]

21. Wow, sorry to excite you

It was just an observation. The Dow usually is frequently influenced by the news.

[doc03]

4. Oh it's just a coincidence the corporations sat on trillions since

May and suddenly they started hiring in October. They didn't know the jobs report for October would come out on November 5? I don't buy that for a minute.

[JuniperLea]

7. Reminds me of a certain release of hostages...

That coincidentally happened when a Pubbie took the POTUS seat.

I'm not buying it either.

[FormerDittoHead]

13. Oh come on! They didn't want to influence the election!

[doc03]

5. delete

[JuniperLea]

6. I expect some TARP hoarding to break loose any day now as well...

You know damn well they were hoarding until they could give the Pubbies credit for fixing the economy.

[Kalyke]

14. Well they either had to spend it by September (federal

fiscal year end) or, for private businesses, by December.

[DCKit]

8. That was the plan.

There's been some buzz here at DU about how corporations needed to hire, but were waiting until after the election to do so.

If the corporations believed in the Tsunami, and were looking to credit (R)s after they took control of both the House and Senate, they blew it. And, now, they still have to hire - under a (D)President and Senate.

As hard as the corporate fascists tried, Obama is going to get the credit as unemployment claims continue to fall.

[doc03]

12. You watch it won't be long the tan man and turtle face are on TV

saying corporations are more confident the economy will pick up since they were elected and started adding jobs.

[BlancheSplanchnik]

19. I fear that the RW media will decide who gets the credit.

we really need ourselves some heavily funded think tanks who understand the message is in the media.

[HughMoran]

10. Ummm, these numbers were compiled before the election

C'mon!!!

Silly post.

[doc03]

16. They were released after the election, that's the point, think

about it. Don't you think it is a little suspicious the economic outlook has suddenly improved 3 days after the election. Now they are talking about the sudden rebound it REITs.

[HughMoran]

17. The numbers are always released on the 1st Friday of the month

:rofl:

No, the economic outlook has been on it's second rebound for a while, you have just not been paying attention. Now you see :tinfoilhat:

[doc03]

29. And the CEOs weren't smart enough to figure

out if they got off their cash and started hiring in October the report wouldn't come out until the 1st Friday following the first Tuesday (election day). I give them more credit than that.

[onenote]

33. what about the hiring in september?

Which was revised upwards. By the Obama administration.

Do you think employers just hire people for fun? And if this is part of a plan to make the repubs look good, don't they have to keep the numbers growing every month? Of course, the repub reaction to these numbers is to poo-poo them because if things are doing better before they even get sworn in, its hard to justify their agenda.

A lot of businesses have been sitting on cash. There are two factors that contribute to these cash reserves -- cutting costs and increasing sales. Anyone who has looked at the economy knows that most of the money in the coffers has been due to cost cutting, not rapid sales growth. Companies that had inventories let those inventories get drawn down -- they didn't need production line workers and they didn't need to spend on materials. Now that those inventories have been drawn down, they are beginning to build them back up again, but slowly. Its cheaper to pay an employee overtime than it is to higher a new employee at a lower hourly rate because of the cost of other benefits.

[HughMoran]

11. Posts like this make us look stupid

[onenote]

20. +1

[doc03]

22. Come on the drum beat for months has been employers

are sitting on record cash reserves and not hiring because they are uncertain what the Administration will do. Now suddenly they start adding jobs knowing the numbers wouldn't come out until after the election. Last week they were speculating the October jobs report would be bad. This it suddenly turns positive.

[HughMoran]

23. lol - the numbers aren't that good

They are simply in line with what many of us have been expecting for a while - that the economy was about to make a second turn toward positive territory after a lull of several months over the summer. Heck, it may turn down again next month, I don't know, but good numbers only help Obama and Democrats at this point and were looking better before the election as well (see stock market). Don't try to see a conspiracy around every turn, it really does make Dems look reactionary IMO.

[HughMoran]

26. Chart here

Doesn't look that great to me - just starting back on a positive trend - hopefully!

[lumberjack_jeff]

25. +2

[Joanne98]

15. Yep. They've been holding back hiring on purpose.

We should BOYCOTT all their fucking products!

[onenote]

18. So these corporations that want Obama out in 2012 have decided to start hiring

at a point where there is no logical way the repubs can take credit since the hiring pre-dated the election?

Uh, no.

[doc03]

24. Maybe you should watch CNBC more, the mantra for months has

been (employers aren't hiring because they don't know what taxes are going to be or health care costs are going to be going forward). That has been the constant drum beat day after day for months, now everything is coming up sunshine and roses after the Rethugs take the House. If I could stand to listen to Rush Limbaugh he is probably giving the Rethugs credit already. And don't give the American people credit for having the intelligence to figure out the Rethugs didn't make it happen, They proved that theory wrong Tuesday.

[JuniperLea]

30. Are you kidding?

That's their entire shtick! Bush wasn't responsible for the terrorist attack that happened on his watch. That was Clinton. Bush wasn't responsible for the financial and real estate crash that began on his watch, that's Obama's bad.

[onenote]

31. Did they also control auto sales so that there was an uptick last month?

[JuniperLea]

32. I'm not going to play "really bad analogy" with you...

One of these things is not like the other, and you know it.

[dave29]

27. It must be conspiracy. Im series

I mean how could things get reported as they always are first friday of the month and be better than they were before the election, even though they were revised by the government and they do it all the time.

Helicopters are circling must finish post later

[SOS]

28. Wall Street/CNBC is happy

because Bernanke announced on Wednesday that he will flush another trillion down the toilet on bond buys.
Bond price goes up, Wall Street makes billions on their massive bond portfolio paid for with free borrowed Fed money.
The yield will go down, crippling retirees who rely on bond interest.
But the banks borrow at 0% so what do they care?

When the 10 year bond is at 1% and CDs are at 0.01% people will go into the NYSE swindle out of desperation.
More capital for the big boys, until they cash out and wipe out the little guy again.

CNBC is singing their happy tune because Wall Street just got another trillion dollar welfare payment.
And the currency traders are cleaning up on the collapsing US dollar. Didn't see that coming!

Corporate welfare and CNBC propaganda =business as usual.