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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
    1.5% is the amount by which the GDP GREW go back and read and i actually even posted the actual numbers in dollars.
    BTW - you do realize that according to the Keynesian poster boy, Paul Krugman, GDP growth needs to be over 2% to have employment growth?

    'You also see that growth has to be fairly fast — more than 2 percent — just to keep the unemployment rate from rising.'


    Growth and unemployment - NYTimes.com


    1.5% growth is not going to get it done.

    That is why the unemployment numbers are getting worse - not better.

    The economy may be technically growing, but not at a high enough rate to lower unemployment.


    BTW, for the record, I think both candidates are useless.

    But since Obama has had a shot - and failed miserably (imo); it is time for someone else. So that - unfortunately - leaves Romney.

    Though I think Ron Paul or Gary Johnson would be WAAAAAAAY better then either of the front runners.
    Last edited by DA60; 08-03-12 at 06:01 PM.

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

    Quote Originally Posted by Conservative View Post
    Do you know what an annualized rate is? Read your own post,

    What is it about you that cannot allow you to admit when you are in over your head and wrong?
    Has the GDP increased yes or no?
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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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
    Ok. Again. They are the same. One does not have to put more stock into either one. If they differed then i would have to pick one over the other. But they dont. They are the same. I have not stock in either.
    No, they aren't the same. I really feel bad for you

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

    Quote Originally Posted by Conservative View Post
    No, they aren't the same. I really feel bad for you
    they said the same thing.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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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
    Has the GDP increased yes or no?
    Yes, of course it has at a lower rate this year than last year and last year vs the previous year. Not nearly enough to put taxpayers back to work as evidenced by the fact that unemployment is up. You want to see economic growth Reagan doubled GDP and Bush increased GDP by 4.5 trillion dollars over 8 years including the 2007-2008 recession. 2003-2007 the growth was exceptional

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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
    they said the same thing.
    We are going to have to agree to disagree because they don't say the same thing and don't survey the same people or businesses

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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
    Has the GDP increased yes or no?
    It has already been pointed out to you that the cut-off for good or bad with GDP is an annual rate of about 2.0, just to break even with employment.

    You are arguing as if to say that one job created in the country is somehow an "improvement", when the fact is that we need to create about 150,000 jobs per month just to keep up with population growth.

    You were arguing "better or worse" before. You should understand what the measures are for such even if you quibble about where the exact line is drawn. Instead, when confronted with the finer understandings of "better or worse", you defer to nonsense.

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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
    Here is a very thorough study which documents that increasing debt reduces GDP growth. Not Romer's stupid multiplier nonsense. Romulus was correct.
    Except for the fact...that neither he nor I mentioned debt load effect on GDP...at all.
    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 Gimmesometruth View Post
    Except for the fact...that neither he nor I mentioned debt load effect on GDP...at all.
    You cited Romer's claim. Romer was wrong.

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

    Quote Originally Posted by Conservative View Post
    Look like an improvement to you? And you think I may be ignorant?

    http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
    LOL...a link to the BEA chart page...is supposed to show what?

    Don't you know, to save a chart you create....you need to save the image and post it?

    Yes...you are ignorant of this basic fact.

    Try again.
    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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