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Thread: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by MarineTpartier View Post
    Sheik, 2 of the 4 years you cited are years when Republicans just took over for a Dem. Those years being 1981 and 2001. Both parties screw up the economy. It's not ALL any President's fault when the economy is bad. It's Congress as well as a lot of other people.
    I don't understand why people credit or blame the President at all when it comes to the economy.

    There is very little they can do either way and I think that has been shown pretty clearly.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Donahue View Post
    I don't understand why people credit or blame the President at all when it comes to the economy.

    There is very little they can do either way and I think that has been shown pretty clearly.
    Personally, I believe it's the President's themselves. They make promises that there is no way they can keep just to get elected. The sad part is, we demand those promises to vote for them. It's kind of the chicken and the egg dilemma.
    “Mr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger.” ― Ron Paul
    Timid men prefer the calm of despotism to the tempestuous sea of Liberty. – Thomas Jefferson

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by MarineTpartier View Post
    Personally, I believe it's the President's themselves. They make promises that there is no way they can keep just to get elected. The sad part is, we demand those promises to vote for them. It's kind of the chicken and the egg dilemma.
    Sure but can't reasonably intelligent adults take a look at those promises and decide what is actually possible?

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Donahue View Post
    Sure but can't reasonably intelligent adults take a look at those promises and decide what is actually possible?
    If reasonably intelligent adults are the only people you can get to vote for you, then you lose the election.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Donahue View Post
    Sure but can't reasonably intelligent adults take a look at those promises and decide what is actually possible?
    Quote Originally Posted by Dittohead not! View Post
    If reasonably intelligent adults are the only people you can get to vote for you, then you lose the election.
    Concur. Well said. As we like to say in the Marine Corps by putting a spin on the famous Admiral Chester Nimitz quote: Common Sense is not a Common Virtue.
    “Mr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger.” ― Ron Paul
    Timid men prefer the calm of despotism to the tempestuous sea of Liberty. – Thomas Jefferson

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Does this account for all the people who have dropped off the roles altogether because they have run out of their unemployment benefits or the people who have resorted to taking work below their skill and pay levels or only part-time work? Hmmm. I wonder what THAT number must look like.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by ChrisL View Post
    Does this account for all the people who have dropped off the roles altogether because they have run out of their unemployment benefits or the people who have resorted to taking work below their skill and pay levels or only part-time work? Hmmm. I wonder what THAT number must look like.
    That would be referred to as U-6.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Kushinator View Post
    That would be referred to as U-6.
    Seasonally adjusted to be 14.7%? That's quite high. All we can hope is that it is going to make slow but steady improvement. I'm very thankful that I still have my job.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Kushinator View Post
    That would be referred to as U-6.
    So, that one is still too high, but has dropped a percentage point from June '11 to June '12. That's marginally good news, isn't it?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Dittohead not! View Post
    So, that one is still too high, but has dropped a percentage point from June '11 to June '12. That's marginally good news, isn't it?
    Or, 1.7% from September '11 to September '12.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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