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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 Blue_State View Post
    Isn't Obama quoted for saying pass the stimulus and it will bring unemployment to 6%? Or is that a talking point?
    No, he isn't quoted as saying that, and it is a talking point.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    Isn't Obama quoted for saying pass the stimulus and it will bring unemployment to 6%? Or is that a talking point?
    It's neither ... it was an estimate.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    No, he isn't quoted as saying that, and it is a talking point.
    Actually he said he would keep it under 8% after doing a little research.

    He is the same guy who said adding 4 Trillion to the national debt was irresponsible and unpatriotic. Of course he was talking about an 8 year term. Not 4.

    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
    Have you forgotten that is still a net private sector job loss? Doesn't matter to you, does it? You have a job so the hell with those that don't. Just like you did well in the stock market forgetting that most of those 23 Plus million unemployed aren't as fortunate as you. Doesn't really matter to a liberal who says they care about compassion but never generates compassionate results.
    That 23 million was 21 and a half million when Bush left office. It increased 11 million during his 8 year reign and that never mattered to you. Now it's up 1.4 million (and dropping) under Obama and suddenly you care. Go sell your feigned outrage to someone stupid enough to fall for it.

    And by the way, just about everyone vested in the market while Obama has been president has made money, even the 23 million you became "concerned" about since Obama became president.
    Last edited by Sheik Yerbuti; 02-29-12 at 01:27 PM.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    I can only advise you to read up on the subject so you have some basis to discuss it. There are at least two good books about this and I've read both of them. Just pulling stuff out of your butt isn't helping.

    First of all, GM and Chysler new hires are being paid at the same rate as non-union workers elsewhere in the country.

    Second, you can't compare Ford to GM and Chrysler. Ford had the foresight to take out massive loans -- literally putting the enire company, down to the blue Ford oval trademark -- in hock just before the Great Recession hit. That gave them the capital they needed to weather the storm. If they had waited another six months to do that they would have been in exactly the same boat as GM and Chrysler because private financing dried up completely.

    Third, you want to argue that parts workers would have maintained employment, but you don't understand that Delphi -- GM's primary supplier -- was in even worse shape than GM, and only survived because of the bailouts. Delphi and other suppliers would have gone under, which would have been a major problem for Ford. That's why Ford supported the bailout of two of its biggest rivals. They didn't support the bailouts just because they're nice guys.

    Fourth, you are of course wrong about Michigan's unemployment. It is down about 5% from a high of 14.1% in early 2009. It's now at 9.3%, or not much higher than the national average.
    What you are continuing to ignore is the drop in the labor force not only in Michigan but nationally and in Michigan that coincides with the drop in the population. Figures don't seem to be your friend nor is your ability to answer the questions. Do you support the European economic model that Obama is implementing here? GM/Chrysler should have been allowed to fail and IMO we would be better off today.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    That 23 million was 21 and a half million when Bush left office. It increades 11 million during his 8 year reign and that never mattered to you. Now it's up 1.4 million (and dropping) under Obama and suddenly you care. Go sell your feigned outrage to someone stupid enough to fall for it.

    And by the way, just about everyone vested in the market while Obama has been president has made money, even the 23 million you became "concerned" about since Obama became president.
    Obviously this is going nowhere, you aren't going to convince me that Obama is doing a good job nor do the results show it therefore:

    So tell me, Sheik, since Adam won't answer the question do you support the Obama economic policies and attempts to change this economy into a European style economy?

    I made a lot of money when Bush was in office so what is your point?

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    Re: US economy creates 243,000 jobs in January

    Quote Conservative


    So tell me, Sheik, since Adam won't answer the question do you support the Obama economic policies and attempts to change this economy into a European style economy?
    What policies has Obama attempted to change that you consider to be "European style economy "?
    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: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Obviously this is going nowhere, you aren't going to convince me that Obama is doing a good job nor do the results show it therefore:

    So tell me, Sheik, since Adam won't answer the question do you support the Obama economic policies and attempts to change this economy into a European style economy?

    I made a lot of money when Bush was in office so what is your point?
    You've already asked me that amd I've already answered. It's not my fault you don't pay attention in class.

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=Blue_State;1060246551]Actually he said he would keep it under 8% after doing a little research.

    He is the same guy who said adding 4 Trillion to the national debt was irresponsible and unpatriotic. Of course he was talking about an 8 year term. Not 4.

    The 8% figure was an estimate that was always known -- and stated -- to have a wide margin of error. The main point was that the stimulus would keep unemployment several points below what it would have been without it, and in that respect it was a success.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    You've already asked me that amd I've already answered. It's not my fault you don't pay attention in class.
    You don't want to answer the question, so be it, not surprising

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