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Thread: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Deuce View Post
    Sure beats 820,000 jobs lost though, doesn't it?
    Has anyone said otherwise?
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

    --Albert Einstein, 1929

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by hazlnut View Post
    Is that how GB is trying to spin it?
    Don't go there dude... That is my opinion based on my research and the actual BLS data.

    Stay on topic and keep your BS insults to yourself.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    It has declined over the last 2 months Pete and if you look at the "Employment to Population Ratio", you'll see that the percent of the eligible workforce that's employed is EXACTLY the same as it was back in October 2009, when the unemployment rate was 10.0%.

    No matter how you slice it Pete, it spells "failure" for Obama.
    I don't think so, people stop looking for jobs for various reasons, but we'll see in November if the voting public will put their faith in Romney or President Obama.

    Facts are facts and the fact is at the moment is that 96,000 jobs were added in August.


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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by pbrauer View Post
    I don't think so, people stop looking for jobs for various reasons, but we'll see in November if the voting public will put their faith in Romney or President Obama.

    Facts are facts and the fact is at the moment is that 96,000 jobs were added in August.
    What do you mean "you don't think so?"

    Those are statistical facts Pete that lead to only one rational conclusion... That Obama's economic policies have failed.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by iguanaman View Post
    In case you don't know it our biggest trading partners (60% of our exports go to Europe) are now back in a recession and LOSING jobs every week. They are back in recession because of economic policy mistakes made by their leaders. There is plenty of room for improvement in our numbers but as long as the rest of the world is slowing or going backwards, I can't see us doing much better. We could however get much worse and join our European friends in another downturn if we aren't careful. I think it is foolish to switch horses in the middle of a recovery so fragile and risk a long painful Romney recession. Since every Republican President has had one in his first term it is twice as dangerous. Unless of course you like recessions.
    Where did you get that 'Europe takes 60% of America's exports' stat? Because it is totally wrong.

    Apparently, little Canada (population wise) received more U.S. exports then the entire EU.

    And Canada is definitely NOT in a recession.


    List of the largest trading partners of the United States - Wikipedia, the free encyclopedia


    Plus, I said nothing about Obama. I simply said that anyone who calls this report 'good' is, in essence, wrong.

    It is not a good report.

    And no offense, but if you think 96,000 jobs created (when the economy needs far more then that just to break even) PLUS the participation rate is at a 30 years low is a 'good' report - then I think you do not understand the U.S. employment situation.
    Last edited by DA60; 09-07-12 at 07:01 PM.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    Don't go there dude... That is my opinion based on my research and the actual BLS data.

    Stay on topic and keep your BS insults to yourself.
    It's just something I've observed in your posts--IMO, they always feel copy/pasted from another source.

    I have a hard time taking the "my research" claim seriously.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by hazlnut View Post
    It's just something I've observed in your posts--IMO, they always feel copy/pasted from another source.

    I have a hard time taking the "my research" claim seriously.
    I wrote an entire blog piece on this crap 6 months ago... I almost always do my own economic research.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    What do you mean "you don't think so?"

    Those are statistical facts Pete that lead to only one rational conclusion... That Obama's economic policies have failed.
    I don't believe it's the job of the POTUS to have economic policies, additionally I don't believe anyone could have done any better than President Obama has - it's the free market that makes the decisions. Additionally, I believe the GOP could not have given President Obama a greater gift than Mitt Romney.


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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    Those are statistical facts Pete that lead to only one rational conclusion... That Obama's economic policies have failed.
    Never mind that congress has the constitutional power and duty to raise taxes and enact programs that stimulate employment and the economy.

    And putting aside the fact that they've gone on record saying that they will sit on their hands until Obama is out of the WH.

    And erase from our heads all the relevant facts about spending...

    And yes, that simple-mided talking point about Obama's policies feels good to conservative ears and doesn't strain the logic part of the brain.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by pbrauer View Post
    I don't believe it's the job of the POTUS to have economic policies, additionally I don't believe anyone could have done any better than President Obama has - it's the free market that makes the decisions. Additionally, I believe the GOP could not have given President Obama a greater gift than Mitt Romney.
    I posted this on another thread, but it applys here as well:

    Do you realize that there are only 86,000 more people employed today then there was the day he took office, while at the same time there are nearly 9 million more people in the eligible workforce?

    To put that into perspective, lets assume that every person who was employed when he took office, is still employed today. That means that of the 8,827,000 people that have been added to the eligible workforce due to population growth since January 2009, less than 1% of them (0.97%) are employed?

    Is this what you call a recovery?

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