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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 Billy the Kid View Post
    Economists are calling this "recovery" the worst since he Great Depression. Time for a "change" we can "believe in"?
    Which would those be....and can they read a chart?

    Apparently they forgot how bad it was under Bush.



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    http://www.angrybearblog.com/2012/08...situation.html
    Last edited by Gimmesometruth; 08-03-12 at 12:46 PM. Reason: added link
    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 Deuce View Post
    Extending tax cuts on the wealthy changes nothing that is in place now.


    So, I'm bad at unemployment statistics. Why did the number go up if we added jobs?
    because the number of unemployed increased and the labor force decreased

    the unemployment percentage is the number of unemployed divided by the labor force

    In June the labor force was 142.4 and in July it was 142.2 million

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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
    Which would those be....and can they read a chart?

    Apparently they forgot how bad it was under Bush.



    Clipboard01 emp cycle.jpg

    Hiya Gimmie!


    Don't like what economists say, then take it up with them. But thanks for the input.
    "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; it's inherent virtue is the equal sharing of misery." Winston Churchill

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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
    Which would those be....and can they read a chart?

    Apparently they forgot how bad it was under Bush.



    Clipboard01 emp cycle.jpg

    The Employment situation | Angry Bear - Financial and Economic Commentary
    Yes, we have to keep blaming Bush for the Obama economic numbers today, 3 years after the end to the recession. Nice diversion

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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
    Lower taxes create an atmosphere for positive economic growth. What do you do when you get more spendable income? Does more spendable income translate into more economic activity?
    It is not taxes that are limiting the spending of folks, it is debt burden and lowered incomes.
    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 DA60 View Post
    I am not a big 'tax cuts for the rich' supporter. I am for lower taxes across the board for everyone, equally.

    But tell me how raising taxes on the rich will help consumer spending?

    Imo, the more you tax ANY 'class' of taxpayer, the less disposable income available to that economy which then hurts that economy - especially if it is consumer-spending driven, like America's is.

    As I see it - it is IMPOSSIBLE that raising the taxes of the wealthy will do anything but hurt the economy, to some extent.

    See I think this is where I personally believe the disconnect is. Nobody is saying that eliminating the Bush tax cuts for the wealthy will stimulate the economy. The president is saying they don't need it as bad as the middle class do. This is a way of "trimming" the fat off the program for the purposes of lowering the budget. We can't afford to finance all the Bush tax cuts. If we continued all the bush tax cuts then that means the poor will get impacted and I personally believe that we a moral obligation to take care of the poor.

    This is just my two cents.

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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
    Which would those be....and can they read a chart?

    Apparently they forgot how bad it was under Bush.
    Okay - let's remind 'them'.

    - the unemployment rate was 1.1% lower compared to GWB's last month in office.
    - the participation rate was much better (meaning tons of people have simply given up looking for work)
    - the average house price is lower now then when Obama took over
    - food stamp usage is FAR higher now then when Obama took over
    - the national debt is FAR higher now then when Obama took over

    So now there is much more debt, less jobs, more starving Americans and their houses are worth less.


    You are right - it WAS bad under GWB; I think he was a lousy POTUS.

    And now America is worse under Obama.

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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
    It is not taxes that are limiting the spending of folks, it is debt burden and lowered incomes.
    Whose debt burden? How does raising taxes on the rich lower their debt burden? Let me see if I have this correct, in 2011 Obama said that raising taxes on anyone during 2.5% economic growth wasn't a good idea but now that that GDP growth is 1.5% it is a good thing? You people just keep showing how foolish you and your ideology is

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

    Quote Originally Posted by rcart76 View Post
    See I think this is where I personally believe the disconnect is. Nobody is saying that eliminating the Bush tax cuts for the wealthy will stimulate the economy. The president is saying they don't need it as bad as the middle class do. This is a way of "trimming" the fat off the program for the purposes of lowering the budget. We can't afford to finance all the Bush tax cuts. If we continued all the bush tax cuts then that means the poor will get impacted and I personally believe that we a moral obligation to take care of the poor.

    This is just my two cents.
    But this will only save (apparently) $85 billion from the budget - trimming the deficit by about 1/14th.

    And that argument does not wash from Obama's WH.

    They have run up the national debt by about 40% since they took office...and now they claim fiscal responsibility by proposing to trim the massive deficit by about 7%?

    My two cents is that this is NOTHING to do with the deficit.

    This move is strictly to curry favor with the voters who are pissed off at the rich and want some way to hurt them.

    And this was the best thing Obama/Dems could come up with.

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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
    Yes, we have to keep blaming Bush for the Obama economic numbers today, 3 years after the end to the recession. Nice diversion
    Really...a comparison to the 2000's in job growth......is "blaming Bush"? Is that really how you see it? See, I think your comment is the diversion, since it has no relationship to what I posted, I think again it is your way of changing the subject. The subject was "this is the worst recovery", I show that the payroll recovery is better than the 2000's.....and you think this is a comment on blaming Bush.....for an economy doing better, in this measure, than the Bush years.
    It just amazes me how twisted some ideas are.
    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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