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Thread: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Conservative View Post
    Yes, it was worse than right now as the misery index is how the economy affects individuals. High inflation, high unemployment were a bigger drag on the economy than low almost no inflation and high unemployment. People were paying 17.5% interest rates on their home mortgages on 1981 and losing their jobs left and right. How does that compare to today?
    You're right...under Reagan's first term the economy was worse than it is under Obama's first term...happy?
    Last edited by iliveonramen; 01-06-12 at 03:27 PM.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Conservative View Post
    Sorry but how old were you in 1981-82 when there was a 20 misery index? How is this economy worse than that one?
    his age is relevant to the discussion at hand

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    You're right...under Reagan's first term the economy was worse than it is under Obama's first term...happy?
    Only that you recognize reality.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by donsutherland1 View Post
    From Bloomberg.com:



    U.S. Unemployment Falls to 8.5% as Jobs Gain - Bloomberg

    The complete report can be found at: http://www.bls.gov/news.release/arch...t_01062012.pdf

    This report is the latest evidence that the economy is gaining a little strength. Should these trends persist, they will have implications for the 2012 Presidential election, increasing prospects for the President's re-election.
    Only if Obama can point to his specific policies that encouraged this job creation. So far, this increase in employment has nothing to do with anything Obama has done.

    Not to mention, I think it's a fantasy to believe that campainging on, "I dropped the unemployment rate 1%", is going to have a positive effect.
    Last edited by apdst; 01-06-12 at 03:42 PM.
    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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate | ZeroHedge

    The real issue is the moving of the goal posts. We should be shooting for 5-6%, not 8%. This filling of an Obama campaign promise is total horse****, since he promised to maintain it at that rate or lower. Achieving it on Election Day is not maintaining anything, except a scam.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by American View Post
    Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate | ZeroHedge

    The real issue is the moving of the goal posts. We should be shooting for 5-6%, not 8%. This filling of an Obama campaign promise is total horse****, since he promised to maintain it at that rate or lower. Achieving it on Election Day is not maintaining anything, except a scam.
    The real issue is there is no "real" unemployment rate. There are just a number of ways of looking at the problem, and they are all legitimate in their own way. But it's convenient if we generally use a single metric, which makes it easier to track and to compare to other periods. As it happens, we've settled on the U-3 number as that benchmark.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    The decrease in LFPR has been decreasing for awhile now. It's no suprise. Boomers are nearing retirement age and it's been something discussed for a long time.

    Notice: Data not available: U.S. Bureau of Labor Statistics

    Those that are are nearing retirement age are making the decision to get out of a bad labor market. It's just accelerating long term trends.
    Frankly, this is rubbish. The dramatic decrease in the LFPR is either folks just giving up looking out of desperation, or the government fudging the books.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    You're right...under Reagan's first term the economy was worse than it is under Obama's first term...happy?
    For what it is worth, I am one Conservative who feels that Obama inherited a worse mess than Reagan. They were different messes, to be sure, and not the same thing happening twice, 30 years apart. Trust folks that I know all about interest rates, inflation, etc. I voted for Reagan in 1980. I have argued this inside and out on many occasions.

    However, the biggest difference is that Reagan pursued an effective solution to the problem that he faced. Obama has only made his situation worse. Obama needs to be thrown out of office, and as far as possible, before this year is out.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Eighty Deuce View Post
    For what it is worth, I am one Conservative who feels that Obama inherited a worse mess than Reagan. They were different messes, to be sure, and not the same thing happening twice, 30 years apart. Trust folks that I know all about interest rates, inflation, etc. I voted for Reagan in 1980. I have argued this inside and out on many occasions.

    However, the biggest difference is that Reagan pursued an effective solution to the problem that he faced. Obama has only made his situation worse. Obama needs to be thrown out of office, and as far as possible, before this year is out.
    Obama doesn't have the tools available to him that Reagan had, even if he mistakenly thought that this was a supply-side recession. Reagan instituted large tax cuts, and in fact taxes were too high at the time. Taxes aren't too high now. They are lower than they were under Reagan. Reagan's cut-taxes-but-not-spending policies created huge deficits, and debt, as those policies were followed up by both Bushes. That has also hamstrung Obama's response. He's done more or less what he should have done under the circumstances and as a result things are starting to turn around. There's very little he can do about the depressed real estate market and the economy won't be completely healthy until that sector recovers. Unfortunately that will probably take at least three or four years.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by j-mac View Post
    So, 500K people retired or enrolled in collage in the last two months? Bull!


    j-mac
    Thgose are the White House talking points, adam is quick to spew that silliness.
    I love the smell of burning moonbat in the morning.

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