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Thread: US economy creates 243,000 jobs in January

  1. #1871
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    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.
    Of course I've already addressed the drop in the labor force. In fact the civilian labor force is bigger now then it was when Obama took office. It's smaller as a percentage of the population due to the aging of the baby boomers, discouraged workers, and others who left to get different or additional job training. The bottom line is that the economy is improving almost across the board. The remaining friction is mostly the result of foreclosed properties which are hurting property values and depressing the construction industry. There isn't much Obama can do about that, short of forcing banks to eat the bad loans. Would you support that?

    AFAIK Obama isn't following any European economic model. If GM and Chrysler had been allowed to fail it would have been an epic disaster ... which is why I suppose you support it. No one cheers for bad news or is repulsed by good news like you.

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    Re: US economy creates 243,000 jobs in January

    Drop in labor:


    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. America’s incredible shrinking labour force | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times



    ^alot more intereting than con's political fodder

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=AdamT;1060246905]
    Quote Originally Posted by Blue_State View Post
    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.
    It is impossible to say that it served us well. We don't know what would have happened if we let the market correct itself. It was a huge investment from a guy who said it was an unpatriotic act. It didn't make his estimate.
    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 winston53660 View Post
    Drop in labor:


    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. America’s incredible shrinking labour force | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times



    ^alot more intereting than con's political fodder
    Not a bad article.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  5. #1875
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by winston53660 View Post
    Drop in labor:


    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. America’s incredible shrinking labour force | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times



    ^alot more intereting than con's political fodder
    Thanks, Winston, for the article about the shrinking labor force, hopefully Adam and Sheik actually read it

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=Blue_State;1060247005]
    Quote Originally Posted by AdamT View Post

    It is impossible to say that it served us well. We don't know what would have happened if we let the market correct itself. It was a huge investment from a guy who said it was an unpatriotic act. It didn't make his estimate.
    Well of course we are always guesstimating what *would* have happened but for what actually happened, aren't we? Otherwise how could you criticize President Obama?

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=AdamT;1060247081]
    Quote Originally Posted by Blue_State View Post

    Well of course we are always guesstimating what *would* have happened but for what actually happened, aren't we? Otherwise how could you criticize President Obama?
    You don't have any problem giving him credit based upon those projections that were false. What is it about liberalism that creates this kind of loyalty?

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=Conservative;1060247082]
    Quote Originally Posted by AdamT View Post

    You don't have any problem giving him credit based upon those projections that were false. What is it about liberalism that creates this kind of loyalty?
    No, I don't have a problem with it. The issue was how the stimulus would perform relative to no stimulus. In that respect they were on target.

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=AdamT;1060247090]
    Quote Originally Posted by Conservative View Post

    No, I don't have a problem with it. The issue was how the stimulus would perform relative to no stimulus. In that respect they were on target.
    Again, you have no idea what no stimulus would have done but we do have evidence of what a poorly administered and focused stimulus would do.

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    Re: US economy creates 243,000 jobs in January

    [QUOTE=Conservative;1060247116]
    Quote Originally Posted by AdamT View Post

    Again, you have no idea what no stimulus would have done but we do have evidence of what a poorly administered and focused stimulus would do.
    And of course you have no evidence what would have happened without the stimulus, either. But we do have the majority of economists who think that it boosted employment by about 3 million and increased GDP by close to 2.5%.

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