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Thread: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    I will attempt to make it simpler.

    The unemployment rate (which i dont believe is an accurate representation of anything since it excludes so many factors) in July 2010 was 9.5%. Today it is 8.3%
    THAT IS AN IMPROVEMENT

    GDP in 2010 value was 13,961,800,000,000 2012 is at 15,094,000,000,000
    THAT IS AN IMPROVEMENT

    Average household income in 2010 was 51,500 in 2012 it is 52,500
    THAT IS AN IMPROVEMENT

    In 2010 65.4% of adults were employed full time, now it is 66.6% of adults.
    THAT IS AN IMPROVEMENT
    A number not included above is that the public debt per household is increasing at a rate of about $13,000. per year under Obama

    Two and a half-times worse than the poor performance of Bush.

    Further, when one peels away all the nonsense and BS from such as Stimulus, the government is "creating" jobs at a cost af about $500 K each. And likely much more, as the nonsense in their numbers is so deep. Regardless, some would say "See ! A job created ! That's improvement."

    Well ..... NO. It is not.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Eighty Deuce View Post
    A number not included above is that the public debt per household is increasing at a rate of about $13,000. per year under Obama

    Two and a half-times worse than the poor performance of Bush.
    ok......lets ignore all the numbers that dont support your argument that I have listed, and lets focus on this one.

    First thing first. Can you support that statement?

    Further, when one peels away all the nonsense and BS from such as Stimulus, the government is "creating" jobs at a cost af about $500 K each. And likely much more, as the nonsense in their numbers is so deep. Regardless, some would say "See ! A job created ! That's improvement."

    Well ..... NO. It is not.
    Also can you please refer me to my post where I stated "See ! A job created ! That's improvement."
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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Eighty Deuce View Post
    A number not included above is that the public debt per household is increasing at a rate of about $13,000. per year under Obama

    Two and a half-times worse than the poor performance of Bush.

    Further, when one peels away all the nonsense and BS from such as Stimulus, the government is "creating" jobs at a cost af about $500 K each. And likely much more, as the nonsense in their numbers is so deep. Regardless, some would say "See ! A job created ! That's improvement."

    Well ..... NO. It is not.
    Obama Fails to Stem Middle-Class Slide He Blamed on Bush - Bloomberg

    Median income is down under Obama. All the left can do is run around threads tossing out emotional strawmen like pixie dust. They are going to do everything possible to minimize 8.3% Unemployment/15% Real Unemployment. They will grab every phony graph from Daily Kos and Media Matters they can find, to argue semantics in a vacuum.

    Don't bother with it. It's just noise. They are out of ideas and their policies have been proven yet again to be a failure.
    Last edited by Bronson; 08-03-12 at 03:16 PM.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Eighty Deuce View Post
    A number not included above is that the public debt per household is increasing at a rate of about $13,000. per year under Obama

    Two and a half-times worse than the poor performance of Bush.

    Further, when one peels away all the nonsense and BS from such as Stimulus, the government is "creating" jobs at a cost af about $500 K each. And likely much more, as the nonsense in their numbers is so deep. Regardless, some would say "See ! A job created ! That's improvement."

    Well ..... NO. It is not.
    A quick google search pulled up

    American Household Credit Card Debt Statistics through 2012

    March 31, 2010 March 31, 2012*
    Total revolving debt $842.6 billion $803.6 billion
    Number of U.S. households 116,716,292 118,666,137
    Average credit card debt per household $7,219 $6,772
    % of households with a credit card balance 43.2% 46.7%
    Average credit card debt per indebted household $16,383 $14,517

    That shows improvement from 2010 to 2012
    Last edited by Kreton; 08-03-12 at 03:17 PM.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Bronson View Post
    GDP is trending down and projected to be sluggish for quite some time.
    Sure it is, since govt spending continues to decline, especially at the local level....in response to less revenue.....due to declines in housing......which has caused consumers to pull back. Obama did not cause this, and the solutions are not coming from the GOP, in fact they are stopping what would work. We know what will break this vicious cycle, BIG jobs programs, mortgage/debt relief and programs to get corporations to stop sitting on all the cash they are hoarding.

    Your guys solution is to lower marginal rates on business, believing that will spur investment. But investment goes towards growth products, and nothing is growing which is why business, which has PLENTY of cash already (read: investment dollars) is not already investing. This is NOT a supply side problem.....we are still in a demand side stall. Tax cuts are just pushing on a string, it is not the solution to this problem.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    A quick google search pulled up

    American Household Credit Card Debt Statistics through 2012

    March 31, 2010 March 31, 2012*
    Total revolving debt $842.6 billion $803.6 billion
    Number of U.S. households 116,716,292 118,666,137
    Average credit card debt per household $7,219 $6,772
    % of households with a credit card balance 43.2% 46.7%
    Average credit card debt per indebted household $16,383 $14,517

    That shows improvement from 2010 to 2012
    Unemployed people lose their access to credit.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    Perhaps you would consider reading the numbers on there. All you did was support my statements. lol
    Employment-population ratio
    58.2 58.6 58.6 58.4 -0.2

    Not supportive...next.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Blue_State View Post
    Employment-population ratio
    58.2 58.6 58.6 58.4 -0.2

    Not supportive...next.
    Yes it is. Next. I have clearly stated since 2010 it has improved. Your link shows a change of 0.2 from June 2012 to July 2012. For whatever reason you choose to ignore all of 2010 but from 2011 to 2012 we had +0.2
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by cpwill View Post
    worth noting is also that labor-force participation decreased. Had it not, U3 would currently stand at 8.4%. If you assume a labor force participation that Obama had when he took office, unemployment is currently at 11%, thought to be fair, when you account for the natural aging of the workforce (and the retiring that brings on), the number drops to 10.6%
    I wonder when the BLS will add the million illegal immigrants that Obama added to the legal workforce. My guess sometime after the election. Shocked the press has not asked about this.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by clownboy View Post
    Unemployed people lose their access to credit.
    He clearly stated "A number not included above is that the public debt per household is increasing at a rate of about $13,000. per year under Obama" I showed numbers stating that in the last 2 years average household debt has decreased a bit and asked him to support his statement.

    Your statement doesnt seem to include anything of substance.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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