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Thread: Breaking: Agreement has been reached on raising the debt limit....

  1. #331
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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    My pleasure ...

    Bush's Great Recession began in Dec/2007, the total number of unemployed+discouraged workers was:

    8,033,000

    Bush's Great Recession ended in Jun/2009, the total number of unemployed+discouraged workers was:

    15,569,000

    Grand total jobs lost during Bush's Great Recession: 7,536,000 -- or rounded to 8 million.

    Any more questions?


    How come you struggle with providing the same information more than once? You are constantantly "adjusting" your figures as though you really don't know what the actual figures are. Now the recession ended in May, '09? Before you said June.
    Don't see the 8 million job losses so you probably should call BLS and tell them they screwed up

    Employment

    2001 137778
    2002 135701
    2003 137417
    2004 138472
    2005 140245
    2006 143142
    2007 146032
    2008 146421
    2009 142221

    Unemployment

    2001 6023
    2002 8182
    2003 8520
    2004 8370
    2005 7784
    2006 7059
    2007 7085
    2008 7628
    2009 11919

  2. #332
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    What specifically did Bush do to lose those jobs? Recession ended in June 2009 and here we are two years later and those are the Obama numbers.

    As for the lost jobs, amazing how you ignore there was still a net job gain during the Bush years but that doesn't matter to an ideologue like you.
    The term recession is about GDP growth, it's NOT about employment as you damned well know.


  3. #333
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    Re: Obama: We have a deal

    Quote Originally Posted by AdamT View Post
    The fact that the recession technically ended does not mean that the economy suddenly started booming. It just means that GDP stopped contracting.
    Obama stimulus program was for shovel ready jobs. Now he admits that the shovel ready jobs "weren't so shovel ready." It was sold on creating shovel ready jobs.

    As for the GDP contracting, looks like it is contracting now, over two years after the end of the recession after a pretty good 2010. Why? Looks like you and Sheik are among the 40% that still support this empty suit. What are you seeing that they aren't?

  4. #334
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    Re: Obama: We have a deal

    Quote Originally Posted by pbrauer View Post
    The term recession is about GDP growth, it's NOT about employment as you damned well know.
    First Qtr 2011 GDP .4%
    Second Qtr. GDP 1.3%

    Thanks for getting this back on track and allowing me to point out that wonderful Obama economy.

  5. #335
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Don't see the 8 million job losses so you probably should call BLS and tell them they screwed up

    Employment

    2001 137778
    2002 135701
    2003 137417
    2004 138472
    2005 140245
    2006 143142
    2007 146032
    2008 146421
    2009 142221

    Unemployment

    2001 6023
    2002 8182
    2003 8520
    2004 8370
    2005 7784
    2006 7059
    2007 7085
    2008 7628
    2009 11919
    He is citing the U-6 measure....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #336
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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    He is citing the U-6 measure....
    Not quite but nice try

    Labor Force Statistics from the Current Population Survey
    Original Data Value

    Series Id: LNS13000000
    Seasonally Adjusted
    Series title: (Seas) Unemployment Level
    Labor force status: Unemployed
    Type of data: Number in thousands
    Age: 16 years and over

  7. #337
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    First Qtr 2011 GDP .4%
    Second Qtr. GDP 1.3%

    Thanks for getting this back on track and allowing me to point out that wonderful Obama economy.
    Pay attention; as state and local government spending continues to dry up, weak output growth will continue.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #338
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    Re: Obama: We have a deal

    Quote Originally Posted by AdamT View Post
    Britain is not trying to privatize it's health care system.
    july 19: NHS services to be opened up to competition | Society | The Guardian

  9. #339
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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    Posts #245 and #247 explains why I believe it wouldn't work and post #249 contains an alternate solution. What else do you want?
    Your current solution already exists and it obviously is not working. The two branches [legislative and executive] are out of control when it comes to spending. Your solution is to have that out of control spending continue. Oh well, I tried to find a better solution. *sigh*

  10. #340
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    Re: Obama: We have a deal

    Quote Originally Posted by pbrauer View Post
    The term recession is about GDP growth, it's NOT about employment as you damned well know.
    Sort of like saying, "hey, I shot him in the stomach three days ago and he just died today. Not MY fault!"

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