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Thread: Employers add no net jobs in Aug.; rate unchanged

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by AdamT View Post
    No one disputes that the economy is doing poorly, but it's not illuminating to misuse words that have specific, technical meanings. The generally accepted definition of recession is two consecutive quarters of negative GDP growth.
    And it is reported by NBER that the recession ended in June 2009 so tell me why the economy isn't creating enough jobs to get back to even when Obama took office?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post

    Yes, as in it takes a net gain of about 150,000 jobs per month just to keep the unemployment level. Exactly what part of that don't you understand?

    Oh wait, you don't even know which party controlled the Senate when the 2001 recession started. What am I thinking asking you for facts?


    Quote Originally Posted by Conservative View Post

    What I don't understand is why you divert from the Obama record and go back to Clinton and Bush? The Obama record is what it is and you just cannot accept that always blaming someone else 2 1/2 years after Obama taking office.
    Really, Con?

    Really???

    Even when I talk about the thread topic you whine that I'm off-topic?


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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Why are you limiting this to some arbitrary 3 month period? You do know that by March, 2001, the Senate was controlled by Republicans for 6 years and 2 months, don't you?
    Arghhhhhh! How frustrating...YOU laid out this three month period, so now just answer the damned question will you?

    j-mac
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Oh, I get it, it was the Congress that caused the recession in March 2001 but it was Bush that caused the 2007-2009 recession with the Democrat controlled Congress having zero affect? Thanks for clearing that up
    Stop lying, Con. I never said the Congress caused the recession. I asked jmac why he was only looking at a 3 month window when Republicans controlled the Senate, when in fact, they had controlled it for more than 6 years by that point.

    When do your lies and insults stop?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Really, Con?

    Really???

    Even when I talk about the thread topic you whine that I'm off-topic?

    Really, Sheik, really, the Obama record is on topic since the August jobs report is Obama's. It is what it is and you cannot seem to accept that.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    And it is reported by NBER that the recession ended in June 2009 so tell me why the economy isn't creating enough jobs to get back to even when Obama took office?
    Recession isn't a magical word. It's a technical description relating to GDP growth. Obviously you aren't going to have a booming economy just because you exit negative GDP growth. You still have to get to robust GDP growth, which we have yet to do. The reasons for it are manifold: depressed real estate prices, large unemployment in construction/real estate/finance, weak consumer demand, restrictive lending, European debt crisis, political gridlock, etc.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Stop lying, Con. I never said the Congress caused the recession. I asked jmac why he was only looking at a 3 month window when Republicans controlled the Senate, when in fact, they had controlled it for more than 6 years by that point.

    When do your lies and insults stop?
    Then why did you bring up control of the Senate and blame Bush for the recession that started in March 2001? I know that the dotcom bubble bursting caused the 2001 recession that was compounded by 9/11 but why the 2001 recession is even an issue today is your typical liberal diversion from the disaster that you helped put into the WH. You voted for Obama now accept responsibility for that poor choice.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    And it is reported by NBER that the recession ended in June 2009 so tell me why the economy isn't creating enough jobs to get back to even when Obama took office?
    Because we lost 8 million jobs during Bush's Great Recession; we lost 12 million to underemployment.

    Overcoming that ain't a cakewalk.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by AdamT View Post
    Recession isn't a magical word. It's a technical description relating to GDP growth. Obviously you aren't going to have a booming economy just because you exit negative GDP growth. You still have to get to robust GDP growth, which we have yet to do. The reasons for it are manifold: depressed real estate prices, large unemployment in construction/real estate/finance, weak consumer demand, restrictive lending, European debt crisis, political gridlock, etc.
    We had a decent economy the first part of 2010 and that economy has been dropping since, why? Stop blaming everyone else and accept responsibility for the failure of liberalism and Obama

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by j-mac View Post
    I don't care what supposed definitions you are going by, these are different times than at any time in the past. Take a look around you, people are hurting in this country. So go tell them that things are better.

    j-mac
    Been hurting for a long while, even before Obama. But definitions matter. Oddly, we seem to only care when the other party is in charge.

    It seems you won't answer me, but you do seem to believe government is the answer.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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