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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 specklebang View Post
    Apparently, the numbers released today are more positive than negative. The market rose 217 points today and futures are up 224 points. This means that what happened was good, not bad.
    Of course it is good news for the investment community as it means that Bernanke is going to print more money

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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
    So the answer is, yes there are more Federal Employees today than when Obama took office
    Not really, but now answer me.

    The job loss is coming from the public sector. Something you want, smaller government. The job growth is in the private sector, also something you want. So under Obama. you're getting what you thinkis best. Right?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    I answered you. Now I await you answering me.

    The job loss is coming from the public sector. Something you want, smaller government. The job growth is in the private sector, also something you want. So under Obama. you're getting what you thinkis best. Right?
    The economy is growing at 1.5% and that isn't enough to create employment and that is the responsibility of the Obama economic policies

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

    Quote Originally Posted by Boo Radley View Post
    Not really, but now answer me.

    The job loss is coming from the public sector. Something you want, smaller government. The job growth is in the private sector, also something you want. So under Obama. you're getting what you thinkis best. Right?
    Really? there aren't more Federal Employees today than when he took office? that is a lie if you say that isn't the case

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

    Quote Originally Posted by specklebang View Post
    Apparently, the numbers released today are more positive than negative. The market rose 217 points today and futures are up 224 points. This means that what happened was good, not bad.
    Not really, the expectation was 100K. When #s exceed expectations day traders buy, if not they sell. I wish I could a hold of those about 20 minutes before they are released.

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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
    The economy is growing at 1.5% and that isn't enough to create employment and that is the responsibility of the Obama economic policies
    Then that means the Bush economic policy is responsible for the 2008 crash.

    Glad we have that sorted out.
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    Re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Boo Radley View Post
    BY all means support that. But, you're saying you love large state government? And don't most government employees work at the state level? Decreasing federal influence means losing state jobs. Isn't that also correct?
    No that is not correct. State gov'ts must spend money providing services to Obama's dreamy illegals that get PARTIAL federal matching funds. States must survive on the crumbs left after the recession, and unlike the federal gov't can not simply borrow or print money, they actually must use TAXATION to pay for the labor, goods and services provided. Teachers, firefighters, police and infrastructure service workers at the state/local level NEED real private economic growth to support them, unlike Obama and his federal kingdom that may simply borrow and spend to grow ever larger. By all means YOU support that Obama has not borrowed and spent more to keep the federal gov't workforce completely intact, while state and local gov'ts are "on their own". I realize that Obama WANTS to borrow and spend EVEN MORE and that he will toss a bone to state and local GOV'Ts in his insane "jobs" stimulus deals, but that is meaningless in terms of any SUSTAINED private economic growth.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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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
    Really? there aren't more Federal Employees today than when he took office? that is a lie if you say that isn't the case
    You miss the point. The growth was started before Obama, not related to his polices, and part of the recession. I told you I had a link on that:

    Josh Gordon, policy director at the Concord Coalition, a fiscal policy group. "The aging of the population can't be blamed on the president."

    Many safety net programs, such as Medicaid and food stamps, automatically expand during economic downturns. And in the face of prolonged high jobless rates, Congress has authorized extending federal unemployment benefits to a record 99 weeks. The initial extension was passed under President Bush.

    The conservative Heritage Foundation, which advocates for a reduced government role in society, acknowledges that much of the increase in federal spending originates in laws passed by this Congress and previous ones, but feels that Obama could do more to rein it in.

    "He didn't do it alone," said Patrick Louis Knudsen, a senior fellow at Heritage. "But he tends to do little to reduce spending. He is taking the size of government to new levels and he's keeping it there."

    (snip)

    Much of the hiring increases came in the departments of homeland security, justice, veterans and defense.

    The federal payroll has been expanding since President Bush took office, after declining during the Clinton administration. But it's still a tad smaller than it was in 1992, said Craig Jennings, a federal budget expert at the progressive think tank OMB Watch.

    Did Obama really make government bigger? - Jan. 25, 2012

    So, Obama has been working to reduce the number despite the need. And you've criticized him for it.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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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
    The economy is growing at 1.5% and that isn't enough to create employment and that is the responsibility of the Obama economic policies
    You just can't answer can you? Again: The job loss is coming from the public sector. Something you want, smaller government. The job growth is in the private sector, also something you want. So under Obama. you're getting what you thinkis best. Right?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by ttwtt78640 View Post
    No that is not correct. State gov'ts must spend money providing services to Obama's dreamy illegals that get PARTIAL federal matching funds. States must survive on the crumbs left after the recession, and unlike the federal gov't can not simply borrow or print money, they actually must use TAXATION to pay for the labor, goods and services provided. Teachers, firefighters, police and infrastructure service workers at the state level NEED real economic growth to support them, unlike Obama and his federal kingdom that may simply borrow and spend to grow ever larger. By all means YOU support that Obama has not borrowed and spent more to keep the federal gov't workforce completely intact, while state and local gov'ts are "on their own". I realize that Obama WANTS to borrow and spend EVEN MORE and that he will toss a bone to state and local GOV'Ts in his insane "jobs" stimulus deals, but that is meaningless in terms of any SUSTAINED private economic growth.
    I'm afraid you're mistaken. You should read my links.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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