Iceberg Dead Ahead!!! Friday’s Jobs Number…-824,000 benchmark revision?

The big benchmark revision is coming and it is FRAKKING GINORMOUS!

Bloomberg:

The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time. Click here for a Bloomberg Multimedia interactive visual analysis of the economy’s job losses.

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February 3, 2010. Tags: , , , , , . Economy, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

Update: Video added; Moderate Dems remove the beer goggles: Blanche Lincoln (D-AR) challenges Obama at Dem Q/A ‘No one in your administration knows how to make payroll”

Update: CSPAN has posted the Q/A, Boxer D-CA wants MORE liberal policy pushes, denial just ain’t a river in Egypt ya know?! and poor Blanche, (who is clearly forced to ‘rely on the kindness of strangers’ at this point) tries to tell Obama to push back against the lefties and get the party back on the middle path (h/t Buddha).

AWESOME!!! Look signs of life in the moderate Democrats! Coming out of their koolaide induced stupor waking up next to a neoprogressive, big government, tax and spend, trade war inducing, capital market killing leadership. Looking for video hope someone gets it up! Obama moseys on down to the Senate Dem conference and lectures them to walk on off that cliff! and ignore the American people cuz he knows best (he sure has some Daddy issues and IMO will patronizingly, condescendingly, arrogantly ‘father’ this country into a Depression if he continues to pursue these ass backwards economic plans)

Glenn Thrush:

The seminal moment of this morning’s q-and-a between Senate Democrats and President Obama was an extraordinary — and extraordinarily uncomfortable — exchange between Blanche Lincoln and Obama over the party’s left and right wings.

Obama, in professorial mode, had spent much of the first hour of today’s appearance instructing Democrats to stay his progressive course on health care and other key issues.

Lincoln, who faces serious competition in her ’10 re-elect — and a 27 percent approval rate in Arkansas — practically demanded Obama “push back in our own party… for people at the extremes.”

She added that “no one in your administration” understands how to make payroll.

Obama shot back hard, warning Lincoln, gently but firmly, that he had no intention of adopting the previous administration’s policies, cautioning,  “I don’t know what would differentiate us from the other guys.” [quickie transcript]

“We should not be spooked,” he added.

Blanche Lincoln is the second canary in the Dem electoral coalmine (following MASS) and after polling miserably recently she is pushing back. Also on national security:

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February 3, 2010. Tags: , , , , , , , . Politics. Comments off.

CNBC: Geithner gets thrashing by Senate on Obama Budget

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February 3, 2010. Tags: , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Judd Gregg schools Peter Orszag, Rep Paul Ryan explains the Obama Budget

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February 3, 2010. Tags: , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

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