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Bad news for Team Obama

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INew ADP Count Slashes Job Creation Total for September - US Business News - CNBC


Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.
unemployment_1.jpg

ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.
Looks like the 7.8% figure might be questionable.
 
Err, I hate to break this to you, but ADP is a private company and has nothing to do with the BLS calculations.

It's interesting, though, and might go a ways in explaining why ADP has consistently been showing better numbers than BLS.

I didn't say they were BLS numbers, nevertheless it's not good news for Obama.
 
I didn't say they were BLS numbers, nevertheless it's not good news for Obama.

Really doubt it will make any difference. It's the official BLS numbers that matter.
 
I lose track .. but if indeed we get a monthly BLS report this Friday -- on "Political Dirty Tricks" day -- it will be called the "October" report, but it will actually reflect information for the second week in September through the first week in October, so it will be mostly about September.

It would not surprise me that a numer of undecided votes hinge on this coming BLS report.

I can't help but wonder if the number of discouraged workers that aren't counted in the basic quick-calculation rate, the rate that was 7.8% last period, will be "mysteriouslly" much greater, resulting in a lower percentage.

After all, it is "Political Dirty Tricks" day.
 
I lose track .. but if indeed we get a monthly BLS report this Friday -- on "Political Dirty Tricks" day -- it will be called the "October" report, but it will actually reflect information for the second week in September through the first week in October, so it will be mostly about September.

It would not surprise me that a numer of undecided votes hinge on this coming BLS report.

I can't help but wonder if the number of discouraged workers that aren't counted in the basic quick-calculation rate, the rate that was 7.8% last period, will be "mysteriouslly" much greater, resulting in a lower percentage.

After all, it is "Political Dirty Tricks" day.

Let the preemptive conspiracy theories begin!! :lamo

Yes, I the numbers are scheduled for release on Friday. They were talking about a possible delay due to Sandy, but I believe that's been nixed, so y'all can send those conspiracy theories to the shredder.
 
Rataliation threads are so funny.
 
The 7.8 figure is dodgy because there are millions who dropped out of the system because they collected all their benefit checks and still haven't managed to find a job. Those people are off the radar and most likely working in the black market.

It also doesn't account for the huge number of people who went into poverty from the middle class or the number of people who are underemployed or such. That being said, it's quite a tragedy that the richest and wealthiest country on earth has a poverty rating similar to eastern European countries, or worse.
 
Let the preemptive conspiracy theories begin!! :lamo

Yes, I the numbers are scheduled for release on Friday. They were talking about a possible delay due to Sandy, but I believe that's been nixed, so y'all can send those conspiracy theories to the shredder.
A number of companies that don't start their fiscal year in January start it in September.

Thus they did bugeting in the late spring early summer and, when those budgets were approved, if they included hiring increases, the interviews occurred in July and August and became effective with the hiring in September.

Since the report on Friday will be for the period of the second week in September through the first week in October, much of the September hiring will be included in this report.

Thus if the economy is indeed improving, we should see a significant drop in the quick-calculation unemployment rate.

But if the rate barely moves .. or if it goes up .. or if the jobs added continue to be the near-poverty type jobs, not the same living-wage jobs we lost ..

.. Well, then .. Friday's report will decide a lot of undecided voters.
 
A number of companies that don't start their fiscal year in January start it in September.

Thus they did bugeting in the late spring early summer and, when those budgets were approved, if they included hiring increases, the interviews occurred in July and August and became effective with the hiring in September.

Since the report on Friday will be for the period of the second week in September through the first week in October, much of the September hiring will be included in this report.

Thus if the economy is indeed improving, we should see a significant drop in the quick-calculation unemployment rate.

But if the rate barely moves .. or if it goes up .. or if the jobs added continue to be the near-poverty type jobs, not the same living-wage jobs we lost ..

.. Well, then .. Friday's report will decide a lot of undecided voters.

The numbers are seasonally adjusted.
 
I expect this week's jobs numbers, if they are released, to show unemployment down further to 7.4% to be adjusted Nov. 9 to 8.2% :) Perfectly legit you know because the democratic spending plans make it clear they are not to handy with the 'rithmatic.
 

Hmmm, looks like that bad news for Team Obama turned out to be pretty good news!

ADP Says U.S. Companies Add Most Workers in Eight Months

By Alex Kowalski - Nov 1, 2012 8:33 AM ET

Employment accelerated in October as company payrolls expanded the most in eight months, an indication the U.S. labor market was on the upswing at the start of the fourth quarter, according to a private report based on payrolls.

The 158,000 increase followed a revised 114,000 gain in September, data from the Roseland, New Jersey-based ADP Research Institute showed today. This is the first ADP report derived using a larger sample and new methodology.

When it rains it pours....
 
Hmmm, looks like that bad news for Team Obama turned out to be pretty good news! When it rains it pours....
In 2009, Obama's first year in office, Americans lost more than five million jobs, the vast majority of which were median pay living wage jobs.

In 2010 - 2012 to-date combined we've added over five million jobs, for a net gain in these four years of a few hundred thousand jobs.

Now Obama really can't be blamed for the 2009 job losses, as short of treating the matter as the state of national emergency it truly was and taking courageous action to stop the bleeding, what could he have done?

However, the jobs we've added are mostly lower level and near-poverty wage jobs, according to a recent thread link here at DP. :shock:

And that is on Obama, most definitely!

Yes, that's par for the course under Obama who's a Multi-Cultural Internationalist and thus simply doesn't care about the income level of American citizens ..

.. Just as long as people of other countries have more work, people like illegals here and wage-slaves in third-world countries.

Though the quantity of jobs is a really small gain, and the true unemployment rate last period was still a dismal 14.1 percent ..

.. What's even worse than the continuing huge uneployment rate is the lost living-wage income that when you look at "The Global Economy" realities, you realize these living-wage jobs may be gone forever ..

.. Or at least until someone in Washington has the balls to try to take America back for Americans.

Given a choice, that person with courage to do the right thing by American citizens is much more likely to be Romney.

It's simply foolish to give Obama more time to shrink American earning power further.
 
It's Obama's fault that employers aren't hiring more workers in good paying jobs? I thought Republicans, including Mitt Romney, believe that government doesn't create jobs? In fact Mitt said it twice, back-to-back, in the last debate: "Government doesn't create jobs. Government doesn't create jobs."

Of course, Mitt being Mitt, he also claimed that HIS government would create 12 million new jobs. Coincidentally that's almost exactly how many new jobs the CBO estimates would be created under Obama's existing policies.
 
It's Obama's fault that employers aren't hiring more workers in good paying jobs?
Absolutely it is!

His Multi-Cultural Internationalist ideological mindset wants illegals in America and people in other countries to have our jobs, part of his one-world nationless no-boundaries ideological viewpoint.

So he's done nothing about the 20 million illegal trespassers, identity-forgers, and job-stealers who've also lowered American wage scales.

And he's promising to give amnesty and legalization to the 20 million illegals to boot, that will then cause American wage-scales to plummet even further! That's craziness!

He's also done nothing to put a halt to all the out-sourcing of American jobs.

Plus he's mentioned in at least two of his State of the Union addresses that America must "Compete compete compete!" in The Global Economy, and we all know that the only way to compete against wage-slaves is to reduce our labor to the same level.

Don't insult our intelligence with your ludicrous question!

There's plenty of action Obama could have taken to do right by American citizens, action which he simply did not take.

And instead he's taken action to make matters worse for American citizens.

It's so obvious, it simply cannot be denied!


I thought Republicans, including Mitt Romney, believe that government doesn't create jobs? In fact Mitt said it twice, back-to-back, in the last debate: "Government doesn't create jobs. Government doesn't create jobs."
Meaningless pandering rhetoric. :roll:

Everyone knows that The Commander In Chief, America's "CEO", has the power to declare a state of emergency, which is what the jobs blood-letting truly was, and take heroic courageous action to save American jobs .. which Obama simply didn't do.

Even in the normal course of national events, Obama could take a stand to support our good immigration law, encourage self-deportation of illegals, keep his MCI mouth shut about wanting to legalize them all, really crack down on companies that hire illegals, push for higher tariffs on imports, higher taxes on companies that out-source, major tax breaks for companies that replace out-sourced imports .. and the list goes on.

But he did nothing of the good kind for American citizens.

He simply made cowardly excuses .. and then meandered off to stump for gay marriage. :roll:


Of course, Mitt being Mitt, he also claimed that HIS government would create 12 million new jobs. Coincidentally that's almost exactly how many new jobs the CBO estimates would be created under Obama's existing policies.
And again, meaningless diversion -- clearly you don't want the truth of Obama's purposeful betrayl of America to be in the spotlight where it belongs.

And as for jobs being created, we already know that new Obama-created jobs are low-wage near-poverty jobs, not the median living-wage jobs that were lost!

Why would anyone in their right mind want four more years of that same decrease in American earning power?!

If it's estimated that the same number of jobs would be created by either Obama or Romney, it makes rational, reasonable good sense to let Romney be the job-creator, as the odds are the jobs he creates would likely be of a higher income level than what Obama's "Benedict Arnold" Multi-Cultural Internationalist ideology has waiting for us, obviously.

Romney's philosophy is clearly in support of making America strong.

Obama, on the MCI other hand, has already shown in four years that his actions match his MCI mindset: to dismantle America in the name of "The Global Economy" one-world nationless boundaryless planet.

Clearly, the better choice this coming Tuesday is Romney, without question.
 
Absolutely it is!

His Multi-Cultural Internationalist ideological mindset wants illegals in America and people in other countries to have our jobs, part of his one-world nationless no-boundaries ideological viewpoint.

So he's done nothing about the 20 million illegal trespassers, identity-forgers, and job-stealers who've also lowered American wage scales.

Dude, take off the tinfoil hat. It is a fact that the Obama administration has conducted far more forced deportions of illegals than were conducted under the Bush administration. It is also a fact that we have experienced NEGATIVE immigration during Obama's tenure. It is also a fact that China's currency is at a 19-year high against the dollar, which helps our manufacturing sector. It is also a fact that Obama renegotiated several free trade agreements to give more protection to US workers.
 
Dude, take off the tinfoil hat.
Your projections are meaningless.


It is a fact that the Obama administration has conducted far more forced deportions of illegals than were conducted under the Bush administration.
Yet the number of illegals in America continues to increase!

Obama was merely forced by the closure of healthcare facilities and other resources, etc. to ramp up deportations or we'd be completely overrun, and since many forced deportations are of criminals whose crimes were of the assault, robbery and murder type of felonies, that just shows how severe the problem truly is .. and how many "mere" trespassers, identity-forgers and job-stealers remain!

But Obama was also forced to keep the levels of illegals here at the 20 million mark, as the more illegals there are, the harder it will be for him to push amnesty and legalization through. :shock:

So his supposed "crackdown" on illegals is merely a superfical and erroneous take on the matter -- it's all an obvious and admitted part of his amnesty and legalization plan, a plan he has been absolutely open about, a plan that would sink wage-scales in America.

Only a Multi-Cultural Internatiionalist ideologue would so arrogantly attempt to do something so blatantly damaging to America.


It is also a fact that we have experienced NEGATIVE immigration during Obama's tenure.
Absolutely meaningless, and likely purposely so to misconstrue.

"Negative immigration" means that the net of those legally leaving America as legal emigrants subtracted from those entering America as legal immigrants is a negative number.

Indeed, that's how it should be in these dismal eonomic times, which is a testament to our current good immigration policy that doesn't at all need any "immigration reform".

However, "negative immigration" does not include illegal immigration or deportations of illegals, so your point is both moot and disengenuous.

Illegals continue to flood into America and though we can't get an exact count of illegal border crossings, the drain on resources that is continuing to increase speaks to the obvious reality that the count of illegals in America continues to rise.

Not even a "nice try", AdamT.


It is also a fact that China's currency is at a 19-year high against the dollar, which helps our manufacturing sector.
If that's really true, that China's currency is at a 19-year high against the dollar, and that that helps our manufacturing sector, why are jobs still still being out-sourced to China???

The answer is because wages in China for the same work in America under humane American minimum wage law is still 20 times less than American minimum wage scale!

Just because China's currency might be at a 19-year high against the dollar doesn't mean a damn thing with regard to the rampant out-sourcing of American jobs to China and many other wage-slave countries.

Until the wages paid those in other countries are on a par with the same wage paid for the same work in America, your little stat is meaningless.

Indeed, here in America, the Dow has recovered a whole lot faster than American worker wages under Obama. The Dow has made it back to pre-recession levels, but the median living-wage jobs greatly lost have been replaced for the most part by low-wage near-poverty level jobs.

The state of the economy, the currency value, all these "high level" things are meaningless with regard to the fundamental wage-scale realities that truly determine the likelihood of manufacturing jobs returning to America.

Indeed, at present, even if this is a 19-year high, the Chinese Yuan is worth merely 16 cents! They've got a long ways to go before comparing the Chinese currency to American currency is in any way meaningful.

Since China, with its billions of people, will only raise their wage scales to be on a par with current American wage scales when pigs fly, the only way we'll get those jobs back is if we lower our wage-scales to match. :shock:

And, indeed, it is clear that is what Obama wants to do.

So your little stat here is meaningless, and your "argument" is easily refuted.


It is also a fact that Obama renegotiated several free trade agreements to give more protection to US workers.
Oh my God, could you be even more blatantly misrepresenting of the facts!

Those free-trade agreements didn't give "more protection to US workers".

They increased out-sourcing!

That cost American jobs!

These agreements give American corporations greater access to foreign markets, meaning it's easier for American corporations to establish branches and warehouses in those countries where they hire those countries' workers. since they're not importing any more, but manufacturing on the foreign selling spot itself, the American warehouse and manufacturing site gets closed, and that costs Americans their jobs!

In addition, these agreements increase imports at lowered or eliminated tariffs, thus putting American competing industries out of business, thus again causing living-wage American jobs to be lost and replaced with low-wage near-poverty jobs as the meaningful statistics present.

***

Give it up, AdamT.

Obama has clearly sold America down the river, and he most certainly plans to keep "selling" if he's re-elected.

Obama is killing America and American citizen livelihoods.

The right choice between the two by American citizens is Romney, obviously.
 
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