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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 Sheik Yerbuti View Post
    That money targeted 3 million jobs and had better results by saving and creating 3.5 million jobs.
    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-42% JAR and well over 50-55% disapproval ratings.

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

    Quote Originally Posted by pbrauer View Post
    Yup, and Obama first year necessary credit was locked tighter than a drum from the Great Bush Recession.
    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-41% JAR and well over 50-55% disapproval ratings.

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

    Quote Originally Posted by Conservative View Post

    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-42% JAR and well over 50-55% disapproval ratings.
    You've already proven you don't believe those results, why should anyone else?

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

    Quote Originally Posted by Conservative View Post
    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-41% JAR and well over 50-55% disapproval ratings.
    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.

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

    Quote Originally Posted by AdamT View Post
    Right, and why was it such a bad month? Could it be in large part because the stock markets took a dive as a result of the Republicans' idiotic debt ceiling stunt? Does it surprise you that companies were more hesitant to hire after seeing $4 trillion erased from their books in a single week? You mean dumbass Republican games DO have real world consequences? Shocked!!
    You clearly have no concept of how the economy works or what drives the Stock Market.

    The market is a reflection of what is believed the future holds.

    I believe that the market being down and the lack of new jobs is the fear that Obama will once again come up with a lame idea for the creation of jobs that includes more taxes, more wasteful spending, and fewer spending cuts than are needed to create a positive attitude about the future.

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

    Quote Originally Posted by Conservative View Post
    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-41% JAR and well over 50-55% disapproval ratings.

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

    Quote Originally Posted by Councilman View Post
    You clearly have no concept of how the economy works or what drives the Stock Market.

    The market is a reflection of what is believed the future holds.

    I believe that the market being down and the lack of new jobs is the fear that Obama will once again come up with a lame idea for the creation of jobs that includes more taxes, more wasteful spending, and fewer spending cuts than are needed to create a positive attitude about the future.
    Given that, how do you explain the market being up under Obama?

    DJIA: +36%
    NASDAQ: +63%
    S&P500: +38%

    Seems to me the market had a lot of confidence in Obama's policies until the GOP proved they were serious about preventing Obama from doing anything to improve the economy.

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

    Quote Originally Posted by the makeout hobo View Post
    To sum up, my point is that job creation started falling at the same time republicans started pushing for spending cuts. Do you disagree?
    Look at the revised numbers that came out today. Employment growth has been very weak for several months, before the debt ceiling debate got ugly.

    The problem that most either don't understand or don't like because it does not fit a neat political narrative is that there is a structural problem in our economy that has been glossed over for more than a decade. There seems to be no real talk about how to stem the loss of manufacturing jobs in an era of Free Trade.

    Short term fixes like the make work jobs coming out of the stimulus package can help in the short term. But as we are seeing now what happens when that spigot dries up. Not only do we lose those jobs but we have not created anything that has sustaining value.

    Why do we insist on short term answers for long term problems?

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

    Quote Originally Posted by AdamT View Post
    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
    n

    According to an old study done by Alexander Tytler, an 18th century Scottish thinker, the average age of the world’s great civilizations is about 200 years. They go, he said, “from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to complacency, from complacency to apathy, from apathy to dependence, and from dependence back into bondage.”

    And John Glubb, a British historian and soldier, published "The Fate of Nations," his own analysis of the decline syndrome. He gave a slightly longer lifespan – 250 years – but laid out a life cycle similar to the one portrayed by Tytler, ending with an age of decadence brought on by “selfishness, love of money, and the loss of a sense of duty,” and marked by “defensiveness, pessimism, materialism, frivolity, an influx of foreigners, the welfare state, and the weakening of religion.”

    More at America Is Not The Titantic | FoxNews.com

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Given that, how do you explain the market being up under Obama?

    DJIA: +36%
    NASDAQ: +63%
    S&P500: +38%

    Seems to me the market had a lot of confidence in Obama's policies until the GOP proved they were serious about preventing Obama from doing anything to improve the economy.
    The stock market increase, and it is volatile, has nothing to do with the policies of BHO.

    Gold has become too expensive, silver as well, housing is a bust, the rates of return are too low in banks and the red tape to start a new business, as well as to carry on an old business, is becoming far too difficult and ridiculous. There really are few places left to park money except the stock market, until a serious and experienced person is elected President.. People are gambling on the marketplace, not Barrack Obama's seriously inept policies.

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