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Thread: US economy creates 243,000 jobs in January

  1. #491
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by treedancer View Post
    You’re screwm. And the Giants won…all is good with the universe.
    I was just about to say something about this.

    In threads like this I feel like I'm trying to think about the long-term direction of the Pats' and Giants' programs while people are watching slow-motion instant replays of irrelevant downs throughout the game trying to prove that their political party is da best. And it makes me want to kill something.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Progressives have a way of spending everyone else's money. What are you going to do when you run out of someone else's money to spend?
    It's unfortunate for America that Obama is not a spendthrift like Bush.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by treedancer View Post
    What other recession in history was left to a President with an economy In as bad a shape as this one was? The only thing that comes close is when Hoover left FDR the great Depression.
    Kinda weird you phrase it thusly.

    Roosevelt attacked Hoover for "reckless and extravagant" spending, of thinking "that we ought to center control of everything in Washington as rapidly as possible." Roosevelt's running mate, John Nance Garner, accused the Republican of "leading the country down the path of socialism".

    Even so, New Dealer Rexford Tugwell later remarked that although no one would say so at the time, "practically the whole New Deal was extrapolated from programs that Hoover started."


    Herbert Hoover - Wikipedia, the free encyclopedia


    Sounds vaguely similar to the same things being said and happening today…déjà vu?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    Yes, that was my point but obviously I wasn't clear. Let me try to explain more clearly. Since I don’t know what the specific rates were relevant to your table I can only presume, which should be sufficient to clarify the point. If the UE rate was 4.16% under GWB and had a 1.5% increase (to 5.6%) that would be a 35% increase in unemployment but both 4.16% and 5.6% would be outstanding. Conversely if under BHO the UE IS 7.5% a change of .5% up (to 8.0%) would be an increase of 6.6% but both 7.5 and 8.0 would be crappy.

    See?
    Again, forget the percentages. The rates were relative from when each respective president took office up until their 36th month in office -- same as Obama. And regardless of what the rate was when each one took office, it increased more under every single Republican president than Obama with the lone exception of Reagan, who saw the same0.5 point increase as Obama. I also note that Obama was the only Democrat president to even have the unemployment rate increase after 36 months in office, but then again, no other president except for FDR was handed an economy which lost 8 million jobs in 18 months.

    Here's a list of presidents, along with the increase, or decrease, of the U3 unemployment rate after 36 months in office...

    Nixon +2.4 +71%
    Ford* +2.0 +36%
    GHW Bush +1.9 +35%
    Bush +1.5 +36%
    Eisenhower +1.1 +38%
    Reagan +0.5 +7%
    Obama +0.5 +6%
    Kennedy** -1.2 -14%
    Carter -1.2 -16%
    Clinton -1.7 -23%
    Johnson -2.1 -37%
    * = Ford was in office 29 months
    ** = Kennedy was in office 34 months

    Bureau of Labor Statistics Data

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by OpportunityCost View Post

    Because Obama promised to bring Unemployment down quickly with all the tax money he was spending---IE his programs and monetary policy did not work as advertised and now we have a mountain of debt with the same economic conditions in terms of unemployment. Thats the problem. Obama isnt going to run on his record :P Hes going to run on a narrative about Romney. Its all going to be about framing and narratives.
    What does that have to do with the unemployment rate rising more under all of the Republican presidents except for Reagan? I understand the right wants to elect a Republican over Obama but the record shows that unemployment is worse when they are elected president.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Didn't recall the Republicans being in charge of the economy in December 2007 when the economy went in recession but do recall them holding control of Congress from January 2007 to January 2011.
    Republicans were in charge while the housing market was ballooning out of control which led to the financial collapse while Democrats were in charge.

    But of course, you know this already. You just can't help yourself from lying about it.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by apdst View Post
    If you're right; we're screwed.
    Just to clarify, that would be "we" as in "Conservatives."

    What's good for America is bad for Conservatives.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    It sure doesn't take a lot to impress you and to claim we are recovering. Check out the GDP growth 36 months after we came out of any other recession in history. What economic policy did the do nothing Congress and Obama implement that led to those numbers? 1.8% growth was the average for the year and that is half of what it was in 2010. Doubt that you care about the facts. Obama loves having people like you supporting him
    Since we've never had a recession which lost 8 million to unemployment, 12 million to underemployment, 5.1% of GDP, and 50% of stock market valuation, comparing to other recessions couldn't be more meaningless. The closest economy you can compare that too would be the Great Depression, which of course, was worse. But then, that's why it's called the Great Recession.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    Kinda weird you phrase it thusly.

    Roosevelt attacked Hoover for "reckless and extravagant" spending, of thinking "that we ought to center control of everything in Washington as rapidly as possible." Roosevelt's running mate, John Nance Garner, accused the Republican of "leading the country down the path of socialism".

    Even so, New Dealer Rexford Tugwell later remarked that although no one would say so at the time, "practically the whole New Deal was extrapolated from programs that Hoover started."


    Herbert Hoover - Wikipedia, the free encyclopedia


    Sounds vaguely similar to the same things being said and happening today…déjà vu?
    'like' a hundred times. I have been saying precisely this for years.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Again, forget the percentages. The rates were relative from when each respective president took office up until their 36th month in office -- same as Obama. And regardless of what the rate was when each one took office, it increased more under every single Republican president than Obama with the lone exception of Reagan, who saw the same0.5 point increase as Obama. I also note that Obama was the only Democrat president to even have the unemployment rate increase after 36 months in office, but then again, no other president except for FDR was handed an economy which lost 8 million jobs in 18 months.

    Here's a list of presidents, along with the increase, or decrease, of the U3 unemployment rate after 36 months in office...

    Nixon +2.4 +71%
    Ford* +2.0 +36%
    GHW Bush +1.9 +35%
    Bush +1.5 +36%
    Eisenhower +1.1 +38%
    Reagan +0.5 +7%
    Obama +0.5 +6%
    Kennedy** -1.2 -14%
    Carter -1.2 -16%
    Clinton -1.7 -23%
    Johnson -2.1 -37%
    * = Ford was in office 29 months
    ** = Kennedy was in office 34 months

    Bureau of Labor Statistics Data
    BLS data sucks!

    http://www.bls.gov/web/empsit/cpseea01.pdf

    Look at the Civilian noninstitutional population in 2011 and compare it to Jan. 2012! The population for 2011 is listed as 239,618,000 and you can see it's an average of the monthly figures. The population for Jan 2012 is 242,269,000. That's an increase of 3,565,000 in a year, if you subtract Jan 2011 from Jan 2012. If you subtract 2010 from 2011, it's an increase of 1,788,000. I find it very odd that the population of people 16 and older increased at twice the rate.

    If you subtract the civilian labor force for Dec 2011 which was 153,887,000 from the Jan 2012 which was 154,395,000, it shows an increase of 508,000 in a month. The Jan 2012 civilian labor force is higher than it's ever been.

    When I want an accurate measure of unemployment I adjust the Not in labor force numbers by using the 2000 data adjusted to census data of the 65 and over population. Even that gives data that isn't that good. You have to ask why did the population of Not in labor force increase by 1,609,000 between 1999 and 2000, but only increase by 367,000 between 1995 and 1996?

    If these latest figures on the Civilian noninstitutional population hold up and continue to increase by a couple hundred thousand a month, then we are getting somewhere. That's just a little better than the population increase for the whole work force age 16 and above.

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