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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 hazlnut View Post
    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.
    Are you referring to the democrats who have had a majority in the Senate for the last 5 and a half years, or the democrats who held a majority in congress in 4 of the last 5 and a half years?

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

    Quote Originally Posted by jonny5 View Post
    How do explain the 80s and 90s then where the federal economic policy was supply side? GDP doubled in the 80s, and again in the 90s. It even increased by 4 trillion in the 00s.
    Here's a list of Presidents since Kennedy and the GDP growth in their terms. Carter did better than Reagan. Republicans since him have not managed to break 2%.


    Kennedy/Johnson 5.2%

    Clinton 3.7%

    Carter 3.4%

    Reagan 3.3%

    Nixon/Ford 2.7%

    Eisenhower 2.3%

    GHW Bush 1.9%

    Truman 1.8%

    GW Bush 1.7%

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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
    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?
    Do you realize that when President Obama took office we were in a deep recession which wasn't officially over until June?


    Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
    1-Month Net Change

    Series Id: CES0000000001
    Seasonally Adjusted
    Super Sector: Total nonfarm
    Industry: Total nonfarm
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Years: 2009 to 2012

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171
    2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120
    2011 110 220 246 251 54 84 96 85 202 112 157 223
    2012 275 259 143 68 87 45 141 96
    Last edited by pbrauer; 09-07-12 at 08:15 PM.


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

    Quote Originally Posted by haymarket View Post
    But I will accept a modest gain over a significant loss given the parameters of reality.
    And I will accept a significant gain over a modest one given the parameters of a reality without President Hope(less)

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

    Quote Originally Posted by Taylor View Post
    And I will accept a significant gain over a modest one given the parameters of a reality without President Hope(less)
    Did we not already have this discussion with the millions of jobs, wings and playboy centerfolds throwing themselves at me?
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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
    Do you realize that when President Obama took office we were in a deep recession which wasn't officially over until June?


    Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
    1-Month Net Change

    Series Id: CES0000000001
    Seasonally Adjusted
    Super Sector: Total nonfarm
    Industry: Total nonfarm
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Years: 2009 to 2012

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171
    2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120
    2011 110 220 246 251 54 84 96 85 202 112 157 223
    2012 275 259 143 68 87 45 141 96
    Based on your data the President is still behind 1,079m jobs getting back to even...or was that your point?

    Thank you for that...
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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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
    Do you realize that when President Obama took office we were in a deep recession which wasn't officially over until June?


    Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
    1-Month Net Change

    Series Id: CES0000000001
    Seasonally Adjusted
    Super Sector: Total nonfarm
    Industry: Total nonfarm
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Years: 2009 to 2012
    When are you ever going to take responsibility, I mean it's been 4 yrs now. What, you can't see failure when it's right in front of your nose. The liberal way borrow and spend as much as is needed to get some results, be damned what it cost. But liberals think there is an endless supply of money, however what you want hidden and you never talk about is the debt. Yes the debt it cost to get a few jobs. And you want to borrow and spend trillions more so you can say "see we created a thousand jobs.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    One's opinion of whether there are enough well paying full time jobs available or not most likely depends on whether or not he has one.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by Dickieboy View Post
    Based on your data the President is still behind 1,079m jobs getting back to even...or was that your point?

    Thank you for that...
    The point is simply that we were in a deep recession that began when Bush was president. You should also note that Obama didn't become president until January 20. Also there were 3.9 million people who lost jobs between January until the official end of the recession in June. And one of biggest problems during those times was that credit markets were frozen.


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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
    Do you realize that when President Obama took office we were in a deep recession which wasn't officially over until June?
    Pete, you can dance and spin around the numbers all you like, but they're still crap. Using your timeline, back in July 2009 (the first month of the so called "recovery") the percent of the eligible workforce that was employed (the Employment-Population Ratio) was 59.3%, while today it is only 58.3%.

    That means that over $800 billion spent on the Obama stimulus and more than 3 years later, there's 1% fewer of our eligible workforce employed today than back then. That 1% translates into 2,435,660 people Pete.

    I'm sorry, but there's no way any rational person can call those results "successful"

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