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

  1. #341
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    I don't understand why this thread is 17 pages long. The unemployment rate dropped due to a reduction in total work force.

    And no, you can't blame the reduction in workforce on people retiring.

    Chart of the Day: Don't Blame the Shrinking Workforce on Retirees - Daniel Indiviglio - Business - The Atlantic

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

    Quote Originally Posted by American View Post
    Yes, that's my point. And the main reason unemployment fell from mid-03 to late '06 was the real estate/construction/financial bubble. IOW, it was a house of cards that collapsed on Bush's watch.

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

    Quote Originally Posted by Gill View Post
    No, unemployment was NEVER 8% under Bush.
    It was 7.8% in January, when Bush was still President, then rose to 8.2% in February, before Obama had time to unpack his bags. Figures/Liars/Liars/Figures

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

    Quote Originally Posted by AdamT View Post
    It was 7.8% in January, when Bush was still President, then rose to 8.2% in February, before Obama had time to unpack his bags. Figures/Liars/Liars/Figures
    Now, kindly point out where I lied, or I'll expect an apology.

    YOU are the one that lied.

    • "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 AdamT View Post
    It was 7.8% in January, when Bush was still President, then rose to 8.2% in February, before Obama had time to unpack his bags. Figures/Liars/Liars/Figures
    Why don't you admit who you are and what your political leanings are? Looks to me like you need the massive Federal Govt. that Obama proposes as well as the nanny state. Was/Is it that hard for you to compete in a private sector economy?

  6. #346
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Please tell me what Congress does in your world?
    You need an overview? OK:

    OverviewArticle I of the Constitution states "all legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and a House of Representatives." The House and Senate are equal partners in the legislative processólegislation cannot be enacted without the consent of both chambers. However, the Constitution grants each chamber some unique powers. The Senate ratifies treaties and approves top presidential appointments while the House initiates revenue-raising bills. The House initiates impeachment cases, while the Senate decides impeachment cases.[2] A two-thirds vote of the Senate is required before an impeached person can be forcibly removed from office.[2]

    United States Congress - Wikipedia, the free encyclopedia

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

    Quote Originally Posted by Boo Radley View Post
    You need an overview? OK:

    OverviewArticle I of the Constitution states "all legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and a House of Representatives." The House and Senate are equal partners in the legislative process—legislation cannot be enacted without the consent of both chambers. However, the Constitution grants each chamber some unique powers. The Senate ratifies treaties and approves top presidential appointments while the House initiates revenue-raising bills. The House initiates impeachment cases, while the Senate decides impeachment cases.[2] A two-thirds vote of the Senate is required before an impeached person can be forcibly removed from office.[2]

    United States Congress - Wikipedia, the free encyclopedia
    Most liberals here blame Bush for the economic conditions Obama says he inherited. By the definition Congress is an equal branch of the govt. with the President therefore no legislation and not one dime can be created or spent without Congressional approval therefore nothing Bush did was without Congressional approval. Liberals today continue to blame Bush and ignore Congressional responsibility. they also had overwhelming control of Congress when Obama took office therefore three years later the results are definitely Obama's

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

    Quote Originally Posted by Gill View Post
    Now, kindly point out where I lied, or I'll expect an apology.

    YOU are the one that lied.
    You lied when you claimed that there was nothing misleading about quoting a sub-6% unemployment rate for '08 when in fact the unemployment rate was around 8% at the time of Obama's inauguration. No apology offered.

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

    Quote Originally Posted by Conservative View Post
    Why don't you admit who you are and what your political leanings are? Looks to me like you need the massive Federal Govt. that Obama proposes as well as the nanny state. Was/Is it that hard for you to compete in a private sector economy?
    Why don't you stick to the facts and stop worrying about my leanings?

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

    Quote Originally Posted by Conservative View Post
    Most liberals here blame Bush for the economic conditions Obama says he inherited. By the definition Congress is an equal branch of the govt. with the President therefore no legislation and not one dime can be created or spent without Congressional approval therefore nothing Bush did was without Congressional approval. Liberals today continue to blame Bush and ignore Congressional responsibility. they also had overwhelming control of Congress when Obama took office therefore three years later the results are definitely Obama's
    Perhaps you can explain why you give the Republican President, Republican House, and Republican Senate a complete pass for the six years they ran things unopposed leading up to the worst recession since WWII?

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