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

  1. #411
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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
    I'm not most liberlas, whoever they are. I have clearly stated NO president controls the economy. And congress has lmited effect. That said, would you really argue that the causes for the economic problems happen only once Obama was elected? Seriously?

    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%

    You guys really want to play the Misery Index game? Here is the same period of time into office.

    Misery Index.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 Rhapsody1447 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
    Well yeah, that's the point I was trying to get across. Using averages and ignoring the context generally produces results that are less than helpful, or honest. Obama critics consistently argue that we should JUST look at the raw numbers and ignore the context. If you do the same thing for Reagan, his numbers look far worse than Obama's.

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

    Quote Originally Posted by Conservative View Post
    Did Republicans control both Houses when the CRA was passed during the Carter years? You just cannot get over your Bush Derangement Syndrome that here we are 3 years into the Obama "Hope and Change" Administration and the results are a disaster. Is that why you don't want to address them and continue to want to look backwards?
    how many times does someone have to tell you that CRA had absolutely NOTHING to do with the sub prime crisis? those regulations didn't force ANY institution to make bad loans. just quit already.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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

    Quote Originally Posted by Gill View Post
    Ummm, I did look at the numbers and he was correct. Read your own graph.
    Oh rly?

    The United States Misery Index By Year.jpg

    Doh!
    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 liblady View Post
    how many times does someone have to tell you that CRA had absolutely NOTHING to do with the sub prime crisis? those regulations didn't force ANY institution to make bad loans. just quit already.
    Really? nothing at all to do with the Community Reinvestment Act? Do you know what the Community Reinvestment Act promoted? Better think about it.

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

    Quote Originally Posted by whysoserious View Post
    So what affect did 315,000 people dropping out of the labor force have in the misery index?

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

    Quote Originally Posted by Conservative View Post
    Did Republicans control both Houses when the CRA was passed during the Carter years? You just cannot get over your Bush Derangement Syndrome that here we are 3 years into the Obama "Hope and Change" Administration and the results are a disaster. Is that why you don't want to address them and continue to want to look backwards?
    Was there a housing crisis in the 30 years following the passage of CRA? No. Why not? Because CRA wasn't the problem.

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

    Quote Originally Posted by Conservative View Post
    So what affect did 315,000 people dropping out of the labor force have in the misery index?
    Apparently it made it lower.

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

    Quote Originally Posted by whysoserious View Post
    Reagan:

    2/81 - 18.81
    10/83 - 11.65


    Obama
    2/09 - 8.44
    10/11 - 12.53


    Doh !!

    • "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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