Weiner's Gonna Extend His Tenure In Congress: After All, The Median Length Of Unemployment In The US Is Now Forty Weeks

I mean, a boy's gotta eat, and what with a rumored Baby Weiner on the way, and that new car for TheMissusWeiner(an Audi A-8 is a good round number), house-complete-with-decorator-spending-money-by-the-wheelbarrow-hunney, the lawyer's fees, the potential alimony and child support....well, it adds up. 'Specially when noooooobuddy's gunna wanna pony up $2500 for the privilege of buying a seat at his dinner, and nooooobuddy's gunna wanna get within camera range of the poh' boy.

Good thing the DemSpinMachine is in high gear to save his ass. Even ABC is no longer impressed.

And, yep, that lil' ole' headwind that Austan Goolsbee assured us about is actually a gale, and a chill one at that. Austan decided to beat it back to academia while he could. Ain't nobuddy gunna wanna be around The One come late November 2012, know-whud-I-mean?

We’ve seen the headline numbers from the monthly jobs report; losing a job means a long stint without employment these days. The median period of unemployment is now at a historic high; 39.7 weeks according to the May Report. That’s the highest it has ever been in the history of the survey.

A new research report from the Bureau of Labor Statistics dug into this trend to offer new details on how long it takes to make the transition from unemployed to employed and found that 11 percent of job seekers took a year or longer to land a new job. Another off-the-chart reading.

Data included in the report shows that between 2000 – 2008 about half of all unemployed people found a job within five weeks. Last year, a little more than a third of jobseekers were able to land a new position in that amount of time.

Hope-'n-Change, ya'll!

Damn! That Was QUICK! Austan (It's Just A Bump In The Road) Goolsbee Resigns As Obama's Economic Advisor

From NPR:

The White House says Austan Goolsbee, a longtime adviser to President Obama, will resign his post as the chairman of the Council of Economic Advisers this summer to return to teaching at the University of Chicago Graduate School of Business.

Goolsbee has been the face of the White House on economic news, and is a regular every first Friday of the month explaining the administration's take on the latest jobless numbers.

Goolsbee served on the three-member economic council since the start of the administration. He advised Obama during his 2004 Senate race and was senior economic policy adviser during the 2008 presidential campaign.

He took over last September as council chairman, replacing Christina Romer, who left to return to a teaching position at the University of California, Berkley.

Lessee...(September, Octob..November--counting on fingers...)

Damn, Bubbah! Ten months! That's after Christina Romer went scurrying back to the safety of Academia after her successful turn in the post. Every Friday, as the job numbers came out that screamed THIS SUCKS!!, she'd waddle herself out in front of the cameras and claim that everything was working out just fine and things suck because George Bush and how dare anyone question our wisdom, yadda-yadda-yadda.

Ten months, ya'll. But, given his years of service to Himself, the stain on his reputation will remain with him for a loooong time. That dean's chair may just remain elusively beyond his grip. Forget getting past the university board for that provost job, bubbah, it's gone. Those guys know how to do math, even if you refuse to.

No recession here, move on, nothing to see here...

It will be interesting to see who the next sucker advisor will be.

Anthony Weiner may be looking for work in the next few days, know-whud-I-mean?

Austan Goolsbee Thinks We've Just Hit Some Headwinds, A Bump In The Road--No Worries, Mate

Really, OS can't make this stuff up. Every time Miss Liu asks him a particularly pointed question, he begins to freestyle, heading off the next question by never shutting up. It's a standard Democrat tactic: Talk-talk-talk-talk-talk-change-the-subject-blame-someone-or-something-else-talk-talk-talk-talk...until the listener has forgotten the question, and has long ago stopped listening.



OS invites his readers, if they can bear it, to listen. This is the man giving the President financial advice for the nation.