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Thread: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Boo Radley View Post
    How they live is the key difference
    The key difference to what?? I dont understand where you are going with this...

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Bronson View Post

    That would be because Republican Presidents understand basic economics, unlike Obama, who is nothing more than radical ideologue/community organizer who has never even run a cash register at 7/11.
    Complete and utter partisan delusions. Allow me to demonstrate. Going back as far as BLS data goes, only one Republican president saw unemployment drop up until this point in their respective presidency (46 months). And that one lone Republican was the Conservative god, Reagan; and that drop in unemployment was just 3 tenths of one percent. At this point in their presidency, unemployment rose for every other Republican president. Converesly, not a single Democrat president saw unemployment rise up until this point in their presidency.

    To claim Republican superiority is to demonstrate hallucinations.



    GHW Bush +2.0 +37%
    Ford** +2.0 +36%
    Nixon +1.6 +56%
    Eisenhower +1.5 +52%
    Bush +1.2 +29%
    Carter 0.0 0%
    Obama -0.1 -1%
    Reagan -0.3 -4%
    Kennedy* -1.2 -14%
    Clinton -1.9 -26%
    Johnson -1.9 -33%

    * = Kennedy was in office 34 months

    ** = Ford was in office 29 months


    Bureau of Labor Statistics Data

    Quote Originally Posted by Bronson View Post

    Bush's Economy for most of his 2 terms was a robust, strong, and growing economy, with unemployment as low as 4.5%

    At this point into Bush's term, unemployment had increased 1.2 points as there was a net loss of 2 million jobs. Under Obama, there's been a net gain in jobs.

    Bush remains only 1 of 2 presidents in U.S. history to retire from office with fewer private sector jobs than when he started. The only other being Herbert Hoover.

    And even with Bush benefiting from the housing bubble, he still managed to nearly double the unemployment rate from 4.2% to 7.8%.

    And your red-herring about the "average" unemployment rate under Bush compared to under Obama seeks to ignore the fact that the unemployment rate under Bush started at 4.2% while under Obama, it started at 7.8%; add to that how Bush passed the worst economy since the Great Depression to Obama; so of course the average is better with Bush, who increased the unemployment rate on his watch more than any other president except for Hoover, than with Obama, who's decreased it.


    Quote Originally Posted by Bronson View Post

    The Housing Crash happened because of Clinton's over-regulation and Greenspan's idiotic monetary policy.
    Bush disagrees with you. He says it's the fault of his and Republican policies...

    "Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech

    I'll take someone's tacit confession over a hyper-partisan's revisionism any day.
    Last edited by Sheik Yerbuti; 12-08-12 at 08:17 PM.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    The key difference to what?? I dont understand where you are going with this...
    The money would be less for a longer Reid of time. It isn't like they'd have as much as working. People still work. Most work.

    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: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    This has gotten so tiresomely typical. Right-wingers just drag out the same old dead arguments in any month that the BLS numbers are positive. Knee-jerk trained-sealism.

    The labor force particpation rate is principally driven by two factors -- a demographic component and a cyclical component. Beginning in the late 1960's and picking up steam through the 1970's, the demographic component drove the LFPR as -- thanks to the pill and to Roe -- women demanded and got an education and then demanded and got jobs. And not just jobs in the steno pool. That trend of more and more women working was projected to peak in the late 1990's, but the economy was so strong then (remember?) that the cyclical component pushed the actual peak back by a couple of years. Things have changed since then. The demographic arrow is now pushing the LFPR downward due to the increasing rate of baby boomer retirements. The cyclical arrow had tilted downward in 2001-2003, and was of course jerked sharply in that direction in 2007-2008. It would be news if the LFPR were doing anything but declining.

    The labor force, however, is a different thing. Where then LFPR is a long-term trend, the labor force is a bouncy thing in the short-term. In the eleven months of data so far in 2012, the labor force has increased six times and decreased five times. The absolute value of the average monthly change has been about 375,000. The range has been between -368K and +642K. There is not an consistent argument to be made form these data, but the right wing will pretend that there is -- in certain selected months. This is because their handlers are inveterate liars and they themselves don't seem to know better.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by pbrauer View Post
    Stop it, you're calling Bush's economy robust?
    It's unbelievable that anyone would even attempt such an incredible feat.

    Under 8 years of Bush, an astounding 11.4 million people became un/under employed. And that's not even considering the months which followed his presidency as millions more became categorized by the U6 unemployment rate as a direct result to the Great Recession he passed on to Obama.

    Under Obama, number is up 460,000.


    Bush: 11,404,112 -- "Yay, Bush!!! only 5.4% average unemployment!!!" ~ Conservatives

    Obama: 460,000 -- "Boooooo, Obama the one term Marxist Kenyan!!!" ~ Conservatives

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by j-mac View Post
    OK, so you want to say that they are all retirees....Show me that in black and white then, and not just your own partisan wish to make your own argument work....
    First, quote where I said "they are all retirees" ...

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Boo Radley View Post
    The money would be less for a longer Reid of time. It isn't like they'd have as much as working. People still work. Most work.
    I still dont understand what your trying to prove here. How many are "most". How many people on welfare can work but chose not to? Same with disability, unemployment and any other form of government welfare? I wouldn’t expect those on welfare to be making as much as those who are retired, even though the amount retirees receive changes drastically from person to person. it just depends on how well one prepares for retirement.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Cardinal Fang View Post

    This has gotten so tiresomely typical. Right-wingers just drag out the same old dead arguments in any month that the BLS numbers are positive. Knee-jerk trained-sealism.
    They must be so baffled at how they coudn't convince enough voters of their economic views that they couldn't defeat Obama.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Cardinal Fang View Post
    This has gotten so tiresomely typical. Right-wingers just drag out the same old dead arguments in any month that the BLS numbers are positive. Knee-jerk trained-sealism.

    The labor force particpation rate is principally driven by two factors -- a demographic component and a cyclical component. Beginning in the late 1960's and picking up steam through the 1970's, the demographic component drove the LFPR as -- thanks to the pill and to Roe -- women demanded and got an education and then demanded and got jobs. And not just jobs in the steno pool. That trend of more and more women working was projected to peak in the late 1990's, but the economy was so strong then (remember?) that the cyclical component pushed the actual peak back by a couple of years. Things have changed since then. The demographic arrow is now pushing the LFPR downward due to the increasing rate of baby boomer retirements. The cyclical arrow had tilted downward in 2001-2003, and was of course jerked sharply in that direction in 2007-2008. It would be news if the LFPR were doing anything but declining.

    The labor force, however, is a different thing. Where then LFPR is a long-term trend, the labor force is a bouncy thing in the short-term. In the eleven months of data so far in 2012, the labor force has increased six times and decreased five times. The absolute value of the average monthly change has been about 375,000. The range has been between -368K and +642K. There is not an consistent argument to be made form these data, but the right wing will pretend that there is -- in certain selected months. This is because their handlers are inveterate liars and they themselves don't seem to know better.
    What is tiresome, is when people constantly make their arguments, based on party affiliation. I.E. Anything republicans do is garbage, and anything the Democrats do is pure gold! Anyone who cant admit that there are things done in both parties that are good and bad, is simply a hypocrite. Cardinal being foremost among them.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Sheik Yerbuti View Post
    First, quote where I said "they are all retirees" ...

    I bolded what you said, so do us both a favor, and instead of this semantic diversion, just answer the question, K? Yeah, thanks.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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