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Thread: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, negativ

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by rocket88 View Post
    This could go down as the quote that sealed the deal, and we're not even to the debates yet. Of course Obama will own Romney in the debates, but Obama in a debate is like having Clemens on the mound. It's his element.

    At any rate: What a dumbass thing to say. Reminds me of McCain saying "the economy is solid" in '08.
    Which is the more dumbass statement, "the private sector is doing just fine" or "obama will own Romney in a debate"? Sorry rock, couldn't resist. LOL

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by sawyerloggingon View Post
    Which is the more dumbass statement, "the private sector is doing just fine" or "obama will own Romney in a debate"? Sorry rock, couldn't resist. LOL


    If in a debate the President makes a "the private sector is doing fine" kinda comment, he look like what he is - inept as POTUS.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Grant View Post
    This is a concern with all the responsible western democracies and one Barack Obama decided to confront by getting the country in debt to the tune of $16 trillion dollars, and growing.
    And of course, debt has nothing to do with jobs. So who knows why you'd even mention it in that context?

    Quote Originally Posted by Grant View Post
    They have either been aborted or birth controlled out of the future.
    No doubt that has put a strain on the system.

    Quote Originally Posted by Grant View Post
    BHO and his followers still have their heads mired in the 1950's and cannot change.
    That doesn't even make sense given Liberals are progressive and Conservatives are status quo.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Sheik Yerbuti View Post
    And of course, debt has nothing to do with jobs. So who knows why you'd even mention it in that context?


    No doubt that has put a strain on the system.


    That doesn't even make sense given Liberals are progressive and Conservatives are status quo.
    The blue font makes you look insane.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by sawyerloggingon View Post

    The blue font makes you look insane.
    What do you think the thoughts you express here do for you?

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Sheik Yerbuti View Post
    What do you think the thoughts you express here do for you?
    I was just trying to help. Between the gorilla pic, the blue font and your inability to grasp complex numbers......

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Eighty Deuce View Post

    I listed my reasons, which you have not rebutted.
    Of course I rebutted it. You gave one reason, that being different president have different economic issues to deal with at different times during their presidency. I rebutted that by pointing out that no president since FDR was handed an economy worse than what Obama was handed. So even if other presidents had different issues at different times, none was worse than what Obama had to deal with -- and he's still doing better than most Republicans in terms of unemployment.

    Quote Originally Posted by Eighty Deuce View Post

    Further, to then cite the "first 100 days" as being a similar comparison is even dumber. "First 100 Days" is a measure of legislative accomplishments, not such as unemployment and GDP and economy. It is rarely "comparative", in that the 100 days of one Admin being compared to another, but more one of "he said he was going to do this, now lets see if he has".
    That's even more nonsense. It's a comparison of accomplishments, PERIOD. Typically, it's legislation since that is typically what a president accomplishes during their first 100 days, but it can be any accomplishment worth noting...

    Presidential first 100 days | Home - Home

    Still, there is no more fair and reasonable measurement than to compare a president who has not yet finished a term with others at the same point in their presidency, just like the first 100 days test. It certainly isn't reasonable to compare a president who has not yet finished his term with the entirety of other presidents.


    Quote Originally Posted by Eighty Deuce View Post

    Percent of workforce employed is lower. Less people working per 100 Americans now than at the end of the Recession.
    It coincides with the combination of the worst recession since the Great Depression and baby boomers hittong retirement age.

    Explaining the decline in the U.S. labor force participation rate

    Quote Originally Posted by Eighty Deuce View Post

    From your link:

    It has not decreased "slightly". It has fallen off a cliff. I went to the full report in the link your provided. I went to where they calculated what the LFPR had been, and then where it would be in 2014, based on population growth and baby boomers, Etc. Table 5. Top line:

    Here it is

    1984: 64.4
    1994: 66.6
    2004: 66.0
    2014: 65.6


    Based on boomers, the drop from 2004 to 2014 was projected at 0.4%. From your report. From the BLS.
    It's lower than expected because the BLS could not predict the massive recession that occurred, which exasperated the downward trend. Since the job market began coming back around the beginning of 2010, the participation rate has slipped about 1 percentage point, which according to studies (one of which I linked above), roughly half of that slippage is due to retiring baby boomers.

    Quote Originally Posted by Eighty Deuce View Post
    But, it is now 63.8. That is 1.8 - 1.9 % below boomer. Add that to our current 8.2% unemployment, and we're back at 10.0 to 10.1 unemployment.
    Talk about idiotic ... You're taking a number which was predicted to occur two years from now to claim what unemployment would be without the drop expected two years from now!

    Last edited by Sheik Yerbuti; 06-09-12 at 07:26 PM.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by sawyerloggingon View Post

    I was just trying to help. Between the gorilla pic, the blue font and your inability to grasp complex numbers......
    a) you're in no position to help. You should focus more on yourself than others.

    b) It's not a gorilla ... yet another mistake of yours.

    c) when you learn that a net gain of private sector jobs is not a net loss, as you falsely claimed, then you can talk about others' grasp of complex numbers. You couldn't even get simple numbers right. You called this a loss of private sector jobs ...


    Jan/2009: 110,985,000
    May/2012: 111,040,000

    BLS: Total private


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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Grant View Post
    Barack Obama may have a chance if he brings his teleprompter along but without it he just seriously outclassed.

    Always keep in mind that it was Barry Obama who selected Joe Biden to be Vice President of the United States. His reasoning was likely comedy relief, or that Joe might make him look good by comparison. His real reason remains shrouded in mystery.
    And yet, even given that, he and Biden easily disposed of McCain and Palin.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Sheik Yerbuti View Post
    Of course I rebutted it. You gave one reason, that being different president have different economic issues to deal with at different times during their presidency. I rebutted that by pointing out that no president since FDR was handed an economy worse than what Obama was handed. So even if other presidents had different issues at different times, none was worse than what Obama had to deal with -- and he's still doing better than most Republicans in terms of unemployment.


    That's even more nonsense. It's a comparison of accomplishments, PERIOD. Typically, it's legislation since that is typically what a president accomplishes during their first 100 days, but it can be any accomplishment worth noting...

    Presidential first 100 days | Home - Home

    Still, there is no more fair and reasonable measurement than to compare a president who has not yet finished a term with others at the same point in their presidency, just like the first 100 days test. It certainly isn't reasonable to compare a president who has not yet finished his term with the entirety of other presidents.



    It coincides with the combination of the worst recession since the Great Depression and baby boomers hittong retirement age.

    Explaining the decline in the U.S. labor force participation rate


    It's lower than expected because the BLS could not predict the massive recession that occurred, which exasperated the downward trend. Since the job market began coming back around the beginning of 2010, the participation rate has slipped about 1 percentage point, which according to studies (one of which I linked above), roughly half of that slippage is due to retiring baby boomers.


    Talk about idiotic ... You're taking a number which was predicted to occur two years from now to claim what unemployment would be without the drop expected two years from now!

    At least you finally now admit that the drop in the LFPR is due primarily (about 80%) to folks giving up looking rather than your earlier lame "baby boomer" excuse. Otherwise, your argument is still hopeless.

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