Page 52 of 199 FirstFirst ... 242505152535462102152 ... LastLast
Results 511 to 520 of 1989

Thread: US economy creates 243,000 jobs in January

  1. #511
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    I'd say you highlighting the fact tha Republican Presidents typically inherit low unemployment rates; but Democrat presidents typically inherit high unemployment rates; pretty much makes my point.
    I thought per your post #461 was making the point that ‘Republican president going back to Hoover since they all performed worse than Obama’…What did I miss? Moving the goal post?...nice


    Further, you know I expected you to reply with such. Do you REALLY believe that things like UE, GDP growth, income equality, income mobility, poverty, etc. are wholly affected by one person, the president? Did you spend the time to see what the trend of UE percentages were prior to the various administrations or are you just throwing darts? Again your point seems shallow taken specifically without interpreting the broader situation.

  2. #512
    Educator Gary's Avatar
    Join Date
    Jan 2012
    Last Seen
    12-29-12 @ 12:14 AM
    Gender
    Lean
    Undisclosed
    Posts
    1,106

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    Ok, lets do (data from your link).

    Eisenhower began office with a UE rate of 2.6%
    Nixon began office with a UE rate of 3.4%
    Ford began office with a UE rate of 5.5%
    GHWB began office with a UE rate of 5.2%

    Considering that many economist think that ‘full employment’ is around 5% the UE rate of the presidents above had nowhere to go but up. Conversely the Democratic presidents began office with UE rates of:

    Kennedy – 6.6%
    Johnson – 5.7%
    Carter – 7.5%
    Clinton – 7.3%
    Obama – 7.8%

    Obviously theirs were high enough than any seemingly increase in confidence (among other reasons) from the new office would result in SOME reduction in the rate.

    Was this your point?
    Full employment was generally considered 4%, not 5% and that wasn't the case back in Ike's day. That concept became popular when the Fed started using unemployment statistics to fight inflation, during the Carter administration. The Fed believes it can curb inflation by preventing a wage/price spiral and raising interest rates before the unemployment approaches 4%. That means the government has decided that 1 in 25 will not have a job. The policy also produces wages that get lower over time and reduces the whole economy.

    Was this your point?
    Which means a Democrat who follows a Republican is going to start off having a high unemployment rate, because the Republican is going to make it high and a Republican following a Democrat will have a low unemployment rate. Democrats make jobs and Republicans make poverty. The exceptions are Johnson followed Kennedy and the rate was lowered by Kennedy. Ford followed Nixon and the rate was higher by Nixon.
    Last edited by Gary; 02-06-12 at 11:29 AM.

  3. #513
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Gary View Post
    Full employment was generally considered 4%, not 5% and that wasn't the case back in Ike's day. That concept became popular when the Fed started using unemployment statistics to fight inflation, during the Carter administration. The Fed believes it can curb inflation by preventing a wage/price spiral and raising interest rates before the unemployment approaches 4%. That means the government has decided that 1 in 25 will not have a job. The policy also produces wages that get lower over time and reduces the whole economy.

    Which means a Democrat who follows a Republican is going to start off having a high unemployment rate, because the Republican is going to make it high and a Republican following a Democrat will have a low unemployment rate. Democrats make jobs and Republicans make poverty. The exceptions are Johnson followed Kennedy and the rate was lowered by Kennedy. Ford followed Nixon and the rate was higher by Nixon.
    First, there appears to be NO consensus on the specific percentage that represents full employment so we debating said number will be futile.

    Secondly, your post is confusing. First you infer that the Fed manipulates the UE rate which means the government decides the percentage. Aren’t Fed policies somewhat independent of government direction? Then you suggest one party following another party has a different effect but qualify it with two instances out of eight where the same party transfers with different results with no reference to the aforementioned Fed relationship. Seems like a generalized claim that branches in various directions, Fed-government-Democrat-Republican, etc.

  4. #514
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    I thought per your post #461 was making the point that ‘Republican president going back to Hoover since they all performed worse than Obama’…What did I miss? Moving the goal post?...nice


    Further, you know I expected you to reply with such. Do you REALLY believe that things like UE, GDP growth, income equality, income mobility, poverty, etc. are wholly affected by one person, the president? Did you spend the time to see what the trend of UE percentages were prior to the various administrations or are you just throwing darts? Again your point seems shallow taken specifically without interpreting the broader situation.
    My point was that the unemployment rate increases more while presidents are president. I point out how you noticed that led to Republican presidents inherit low unemployment rates while Democrat presidents inherit higher unemployment rates and suddenly, the president's role plays little in the unemployment rate.


  5. #515
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    My point was that the unemployment rate increases more while presidents are president.
    How can I do anything but agree with this?
    Last edited by Dickieboy; 02-06-12 at 12:34 PM.

  6. #516
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    How can I do anything but agree with this?
    Oops. Sorry, meant "while presidents are Republican."

  7. #517
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Oops. Sorry, meant "while presidents are Republican."
    So your corrected point is 'the unemployment rate increases more while presidents are Republican'. Prove it.

  8. #518
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    So your corrected point is 'the unemployment rate increases more while presidents are Republican'. Prove it.
    You already proved it in post #501 when you showed Republican presidents typically inherit low unemployment rates while Democrat presidents typically inherit high unemployment rates.

    Now you want me to prove you RIGHT??




  9. #519
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    You already proved it in post #501 when you showed Republican presidents typically inherit low unemployment rates while Democrat presidents typically inherit high unemployment rates.

    Now you want me to prove you RIGHT??



    Yes...specifically your claim ''the unemployment rate increases more while presidents are Republican' which I made no reference to in my #501 post.
    Last edited by Dickieboy; 02-06-12 at 01:30 PM.

  10. #520
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    Yes...specifically your claim ''the unemployment rate increases more while presidents are Republican' which I made no reference to in my #501 post.
    Holy ****! Of course you made reference to it. You showed where Republican presidents typically inherit low unemployment rates while Democrat presidents typically inherit higher unemployment rates. Well? For that to be true implies that the unemployment rate typically falls while the president is a Democrat and that it typically rises while the president is a Republican.

    I certainly hope you don't need me to explain to you that a rising unemployment rate increases more than a falling unemployment rate.

    It looks to meike you don't even understand what you wrote.
    Last edited by Sheik Yerbuti; 02-06-12 at 01:43 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •