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

  1. #391
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post
    1980: 20.67
    1988: 9.57

    2009: 8.92
    2011: 12.53

    The United States Misery Index By President

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

    Quote Originally Posted by Gill View Post
    Now you've done it........... you'll have to explain trend lines to him now.
    Except his statement isn't true. There have been declines during Obama's term - in fact, the latest posting was a decline. Doh!

    Quote Originally Posted by Rhapsody1447 View Post
    1980: 20.67
    1988: 9.57


    2009: 8.92
    2011: 12.53


    Don't worry about context or anything. LOL Bad
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by AdamT View Post
    Actual history. You could argue that it started in 2000, but the real acceleration, and the vast bulk of the damage, was done between 2002 and 2006. Unfortunately Congress did not have a time machine to go back and undo what was already done.

    yep, because Barney Frank took Freddie Mac and Fannie Mae under his wing and protected them from the reforms Bush tried to make. The housing bubble burst in 2006, which was the beginning of the downturn.

    • "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 MrMindSpeaker View Post
    90,000 jobs are needed each month just to keep up with population growth

    Calculated Risk: How many jobs are needed over the next year to keep the unemployment rate steady?
    Or 264k a month to get to pre-recession levels:

    Projected Unemployment.jpg
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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

    Quote Originally Posted by Gill View Post
    Now you've done it........... you'll have to explain trend lines to him now.
    Trend lines? I thought you just cared about averages?

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

    Quote Originally Posted by AdamT View Post
    Well, I guess we can all play this game, right? The average misery index under Reagan was 12.19. Under Obama? 10.72. Thus, according to your logic, Obama is the better president.

    And, btw, it is falling -- not rising.
    If you average the gippers first three years in office his misery index comes up a whopping 15.55.Kinda sad that st reagan has that to contend with.I guess we can forget the Rushmore thinggie.



    The United States Misery Index By Year
    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 whysoserious View Post
    Except his statement isn't true. There have been declines during Obama's term - in fact, the latest posting was a decline. Doh!



    Don't worry about context or anything. LOL Bad
    Have no clue where you got that idea.

    • "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
    Didn't dispute your numbers, just used the Start and End numbers instead of the Average as it's a much better representation given Obama has only been in office for 3 years and Reagan started with such a higher number
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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

    Quote Originally Posted by AdamT View Post
    Actual history. You could argue that it started in 2000, but the real acceleration, and the vast bulk of the damage, was done between 2002 and 2006. Unfortunately Congress did not have a time machine to go back and undo what was already done.

    What exactly was the Democrat position on subprime mortgages? Keep digging and continue to divert from the Hope and Change President and his disastrous results.

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

    Quote Originally Posted by Gill View Post
    yep, because Barney Frank took Freddie Mac and Fannie Mae under his wing and protected them from the reforms Bush tried to make. The housing bubble burst in 2006, which was the beginning of the downturn.
    Not according to Republican Mike Oxley, who reached out to Barney Frank to help pass Freddie and Fannie reform in the House. According to Oxley, it was Bush who reached out to kill the reform measure in the Senate.

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