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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    You are right, 15.1% is a great number in the liberal world, isn't it? What is 15.1% of 154 million?
    Leave the strawman at home -- no one said it was "a great number". But it is the SAME number that it was in February of 2009 -- Obama's first full month in office, and it has improved for five straight months.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Leave the strawman at home -- no one said it was "a great number". But it is the SAME number that it was in February of 2009 -- Obama's first full month in office, and it has improved for five straight months.
    Here are the U-6 percentages

    2009 14.1 15.0 15.6 15.8 16.4 16.6 16.5 16.8 17.0 17.4 17.1 17.2
    2010 16.5 16.8 16.8 17.0 16.5 16.5 16.5 16.7 17.1 17.0 17.0 16.7
    2011 16.1 15.9 15.7 15.9 15.8 16.2 16.1 16.2 16.5 16.2 15.6 15.2
    15.1

    The real problem is the drop in the labor force in a country with a growing population

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    Re: US economy creates 243,000 jobs in January

    Actually, that is the scariest thing.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Here are the U-6 percentages

    2009 14.1 15.0 15.6 15.8 16.4 16.6 16.5 16.8 17.0 17.4 17.1 17.2
    2010 16.5 16.8 16.8 17.0 16.5 16.5 16.5 16.7 17.1 17.0 17.0 16.7
    2011 16.1 15.9 15.7 15.9 15.8 16.2 16.1 16.2 16.5 16.2 15.6 15.2
    15.1

    The real problem is the drop in the labor force in a country with a growing population
    Right, like I said, five straight months of improvement and the lowest level since February of 2009.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Right, like I said, five straight months of improvement and the lowest level since February of 2009.
    Do you ever do a cost benefit analysis in your business? The 15.1% number in January 2012 came at the expense of 4.6 trillion added to the debt and the debt service on that 4.6 trillion

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    Actually, that is the scariest thing.
    Not so scary, really. It was predicted many years ago that once the baby boomer generation hit retirement age, which they did starting in 2008, that it would impact the labor force. It's not surprising to see that wen you mix retiring baby boomers in with the worst recession since the Great Depression that the results are a declining labor force.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Do you ever do a cost benefit analysis in your business? The 15.1% number in January 2012 came at the expense of 4.6 trillion added to the debt and the debt service on that 4.6 trillion
    Err, you can't really do a cost benefit analysis that way, particularly in view of the fact that much of the deficit is the result of lower revenue due to the recession.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Err, you can't really do a cost benefit analysis that way, particularly in view of the fact that much of the deficit is the result of lower revenue due to the recession.
    First, the recession ended 3 years ago. Second, as Sheik Yerbuti pointed out, much of the decline in the labor force is baby boomers retiring. That has the duel impact of lowering income tax revenues while increasing the drain on the treasury. What we have is a structural problem where a declining work force will have to support a growing population that has retired and living off of SS and Medicare. The trillion dollar annual budget deficit is something that may never go away. Unless, someone steps forward and leads on the issue. And I see no presidential candidate in either party ready to step forward and lead on that issue.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Err, you can't really do a cost benefit analysis that way, particularly in view of the fact that much of the deficit is the result of lower revenue due to the recession.
    We are talking about the GM/Chrysler buyout and the cost benefit of doing that. Taxpayers are losing billions on this deal all because of Obama's desire to save union contracts and keep money coming into the DNC coffers. You certainly can do a cost benefit analysis of the GM/Chrysler takeover but you choose to buy the rhetoric from Obama

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    In short, they don't.
    Exactly. They don't. Which is why I was slamming Veritis and Conservative for trying to establish a connection between the two where none exists.

    That was the nuance which eluded you for skipping to the end of the thread.

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