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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

  1. #111
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    You must be wondering what that's like?
    Yeah ??? Get back to me when total unemployment drops below 15%. I predict that will happen fairly soon after Obama is voted out next year.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    You conveniently leave out the massive reduction in public saving. Federal spending increase from about $2 trillion/year in 2002 to about $3 trillion/year in 2008; an increase of 50% in 6 years.

    You can't have it both ways.
    How dare me leaving out savings in reporting job creation! Looks to me like the Bush tax cuts did exactly what they were supposed to do, increase spending and demand.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    It really depends on how the tax cuts are framed doesn’t it? For instance, the reps want the bush tax cuts kept in place, which help the wealthiest, while blocking the tax cut that helps the middle class more.Hhmm...Lottsa fodder their for move on.

    The Bush tax cuts lowered taxes on all tax brackets.

    Then we have the rep clown show running for President into.kinda looks like the dems have a pretty good shot of taking the house back as well.
    They're going to win it with all those wonderful policies that won them the midterms? Oh, wait...
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by dontworrybehappy View Post
    That was caused by Clinton, don't you know that? Anything good happens during a republican presidency and it's the democrats who are responsible. Anything bad happen during a democratic presidency and it's the republicans who are responsible. When will you ever learn?
    I know. Dammit!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  5. #115
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    The Bush tax cuts allowed 47% of the income earning households to drop off the tax roles and pay zero in Federal Income Taxes so tell me how that didn't help those people?
    WTH does this post have to do with the post of mine that you quoted?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    WTH does this post have to do with the post of mine that you quoted?
    Did you not post the following?

    the reps want the bush tax cuts kept in place, which help the wealthiest, while blocking the tax cut that helps the middle class more.
    Wouldn't you say 47% of income earning households not paying Federal income taxes were helped by the Bush tax cuts?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    How dare me leaving out savings in reporting job creation! Looks to me like the Bush tax cuts did exactly what they were supposed to do, increase spending and demand.
    Public savings is the difference between taxes and spending. When it is negative, we have a deficit; when it is positive we have a surplus. Low public savings during the Bush years was extremely stimulative; the issue that arose out of a low tax/high spending policy during periods of economic growth was the fact that the private sector did not save accordingly (as evident in the trade deficit).

    The Bush tax cuts combined with increases in government spending were actually quite stimulative; even when unemployment was @ 4.5% (which is retarded).
    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

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    The unemployment rate is seasonally adjusted. Therefore, the claim that the drop in the unemployment rate is attributed to the increased hiring of holiday workers is a misnomer.

    Seasonal adjustment is a statistical technique that attempts to measure and remove the influences of predictable seasonal patterns to reveal how employment and unemployment change from month to month.

    Over the course of a year, the size of the labor force, the levels of employment and unemployment, and other measures of labor market activity undergo fluctuations due to seasonal events including changes in weather, harvests, major holidays, and school schedules. Because these seasonal events follow a more or less regular pattern each year, their influence on statistical trends can be eliminated by seasonally adjusting the statistics from month to month. These seasonal adjustments make it easier to observe the cyclical, underlying trend, and other nonseasonal movements in the series.

    As a general rule, the monthly employment and unemployment numbers reported in the news are seasonally adjusted data. Seasonally adjusted data are useful when comparing several months of data. Annual average estimates are calculated from the not seasonally adjusted data series.
    What is seasonal adjustment?


    Like others, I have my reservations about this "unexpected" drop. Let's give a few month and see where we stand in the Spring.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Antiderivative View Post
    The unemployment rate is seasonally adjusted. Therefore, the claim that the drop in the unemployment rate is attributed to the increased hiring of holiday workers is a misnomer.


    What is seasonal adjustment?


    Like others, I have my reservations about this "unexpected" drop. Let's give a few month and see where we stand in the Spring.
    The sad part is that people who do/did not understand this expect their opinion to carry weight.
    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

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Did you not post the following?



    Wouldn't you say 47% of income earning households not paying Federal income taxes were helped by the Bush tax cuts?

    Whoop te do...WOW what are they going to do with all that dough.


    America’s top earners will get an average tax cut of $66,384 in 2011, while the bottom 20 percent will get an average cut of $107.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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