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

  1. #1271
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    24 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 15.6% Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    14.4 million unemployed PLUS Discouraged workers Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    2.2 million fewer jobs(bls.gov) Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics

    4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

    1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

    11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

    Down grade of U.S. Credit rating(S&P)

    Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

    38-44% JAR and well over 50-55% disapproval ratings(Gallup)
    Gallup Daily: Obama Job Approval

    US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
    Report: Poverty hits record level - MJ Lee - POLITICO.com

    “Fast and Furious”, “Wide Receiver”

    Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict Of Interest' Concerns | Fox News

    Solyndra solar power company shuts down 15 months after Obama visit
    Solyndra solar power company shuts down 15 months after Obama visit

    The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
    The project will produce a 110 megawatt power system and employ 45 permanent workers.
    That's costing us just $16 million per job.

    One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
    The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
    But there is nothing wrong here, is there?

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News
    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    Stimulus failure

    Review & Outlook:Why the Stimulus Failed - WSJ.com
    funny, I could swear I saw this post before.

  2. #1272
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    And if Obama was doing as good as you claim his JAR wouldn't be 42% today on Gallup. Pretty simple questions

    Is the unemployment rate lower than it was when he took office?
    Is the labor force as high as it was when he took office?
    Is the misery index what it was when he took office?
    Is the debt per year the same or lower than when he took office?
    Is the U-6 lower than when he took office?
    Are there as many employed today as there were when he took office?

    If his record is that good why are the numbers so bad three years after taking office
    All those numbers are directly attributable to the recession he inherited which is why polls continue to show that a majority still believe Bush is to blame for the current economic conditions and not Obama.

    I recall you once answering the question of why you voted for Bush again even though his record in many factors was worse than Obama's and you pointed to 2004, saying that the economy was improving by then. Yet you don't offer Obama the same luxury as the economy has been growing stronger for the last 2 years now; just not strong enough to overcome the damage done by Bush's Great Recession. Why? Because all that matters to you is the letter that comes after the candidates name, not results.

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

    Quote Originally Posted by Thunder View Post

    funny, I could swear I saw this post before.
    It's like robospam.

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

    Quote Originally Posted by Conservative View Post
    ...If his record is that good why are the numbers so bad three years after taking office
    stock market up 5,000 points.

    signed a new nuclear arms treaty with Russia.

    killed Bin Laden.

    ended the Iraq war.

    signed new financial reform legislation.

    signed new fuel efficiency standards.

    finally got tobacco under the regulation of the FDA.

    streamlined federal student loan program.

    passed meaningful healthcare reform legislation.

    ended DADT.

    corporate profits are at an all-time high.

    financial institution holdings are at an all-time high.

    ....yep, lots of great things have happened under Obama.

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

    Here's an article which came out today which discusses the impact of baby boomers retiring on the particpation rate...

    Drop in U.S. Joblessness Is Early Sign of Coming Shift: Economy - Businessweek

    At play is a decline in the share of the working-age population, known as the participation rate, meaning that the economy needs to create fewer jobs to bring down unemployment. While some of the decrease has been caused by discouraged workers dropping out of the labor force, another driver is that the baby-boom generation is starting to move into retirement, according to economist Dean Maki.
    The baby boom, the population bulge after World War II between 1946 and 1964, added 9.4 million people in the 16-24 age group during the 1960s and 7.3 million in the 1970s. Boomers started turning 65 this year, and every day for the next 18 years, about 10,000 more will hit the age that historically has been associated with retirement, according to the Pew Research Center in Washington.
    There are currently about 15,000,000 baby boomers aged 62 and older and there will be close to 4 million being added every year. Conservatives are crazy if they don't understand the impact of that on the labor force.

  6. #1276
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    All those numbers are directly attributable to the recession he inherited which is why polls continue to show that a majority still believe Bush is to blame for the current economic conditions and not Obama.

    I recall you once answering the question of why you voted for Bush again even though his record in many factors was worse than Obama's and you pointed to 2004, saying that the economy was improving by then. Yet you don't offer Obama the same luxury as the economy has been growing stronger for the last 2 years now; just not strong enough to overcome the damage done by Bush's Great Recession. Why? Because all that matters to you is the letter that comes after the candidates name, not results.
    The numbers are three years after the Obama took office and 2 1/2 years after the recession ended. Those are the obama results

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

    Quote Originally Posted by Thunder View Post
    stock market up 5,000 points.

    signed a new nuclear arms treaty with Russia.

    killed Bin Laden.

    ended the Iraq war.

    signed new financial reform legislation.

    signed new fuel efficiency standards.

    finally got tobacco under the regulation of the FDA.

    streamlined federal student loan program.

    passed meaningful healthcare reform legislation.

    ended DADT.

    corporate profits are at an all-time high.

    financial institution holdings are at an all-time high.

    ....yep, lots of great things have happened under Obama.
    Then Obama's JAR should be higher than 42% so what do the electorate know that you don't?

  8. #1278
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post

    The numbers are three years after the Obama took office and 2 1/2 years after the recession ended. Those are the obama results
    The numbers have been improving steadily for the last 2 years, just not enough to overcome the Bush tsunami.

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

    Quote Originally Posted by Conservative View Post
    And he has learned nothing in the past 3 years, still blaming everyone else and taking credit for that which he did not do, ending war in Iraq. his numbers speak for themselves and those will be on the ballot in 2012. He makes Jimmy Carter look good
    Don't be so harsh. He has improved his golf game, basketball and someone had to order in the name entertainment for he and Moochelle's enjoyment. I am certain he scheduled all of those things flawlessly. And Moochelle's extravagant vacations...who do you think had a hand in setting them up?

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

    Quote Originally Posted by Conservative View Post
    Then Obama's JAR should be higher than 42% so what do the electorate know that you don't?
    Seems the electorate is still favoring giving Obama four more years than replacing him with any of the GOP candidates. That tells me he's not doing as bad a job as you claim.

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