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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 Sheik Yerbuti View Post
    Under 8 years of Bush, an astounding 11.4 million people became un/under employed.
    Another way to look at it is that after inheriting an unemployment rate of 4.2% in January 2001, by March of 2002, Bush had us on federal emergency long-term UI benefits, and we stayed there for the rest of 2002 and all of 2003. What a miracle worker!

    The low point in unemploymnt under Bush came on January 20, 2001, the day he was first inaugurated. It has been higher every day since. Thanks, George!

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

    Quote Originally Posted by clownboy View Post
    See bolded part - no, there isn't, as long as the states agree to those programs. We don't need the feds to provide any but the services enumerated to the fed's control by the Constitution. They can all be provided by the states as they wish. The feds should only act as a coordinator in this scenerio.

    But we've screwed that system and gone way extra-constitutional. So with the system the way it is, the way we've allowed it to morph, we have become dependent upon federal services. Setting up a vicious cycle.
    I understand your view, I just happen to disagree with it. I think we can not be a great nation if we allow the poor and needy to starve and suffer. Our social programs are designed to be a hand up, not a way of life. I think when we have a healthy society, there will be less crime and a stronger workforce.

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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
    They must be so baffled at how they coudn't convince enough voters of their economic views that they couldn't defeat Obama.
    Yes, it seems to be weighing rather heavily on a quite number of them. They were so stoked and invested in the dream of seeing Romney fulfill the prophecy of making Obama a one-term President. Like Romney, they never wrote a concession speech. Now they have to wing it and are not doing a terribly good job of it...

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

    Quote Originally Posted by Dpetty View Post
    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.
    The data speak, but not to you, I see. At least judging from this one entirely hapless response. A significant nuimber of the arguments proposed in this thread and elsewhere by our right-wing friends have been total frauds. The same total frauds they trotted out last time the employment numbers looked good. It's become nothing but a mindless ritual.

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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
    I bolded what you said, so do us both a favor, and instead of this semantic diversion, just answer the question, K? Yeah, thanks.
    WTF???

    I said, "But to that, I largely attribute retiring baby boomers."


    But your brain translates that into, "so you want to say that they are all retirees."



    How can I answer a question based on a false premise? That false premise being something I never said.

    At any rate, according to this study, just under half of the drop in the labor force participation rate is due to retiring baby boomers. And the rate of baby boomers reaching retirement age increases every single day, leading to even more people retiring.

    There are an additional 1.5 million people between ages 62 and 66 every single month. That has a huge impact on the labor force.


    http://chicagofed.org/digital_assets...ch2012_296.pdf
    Last edited by Sheik Yerbuti; 12-08-12 at 08:57 PM.

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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
    The data speak, but not to you, I see. At least judging from this one entirely hapless response. A significant nuimber of the arguments proposed in this thread and elsewhere by our right-wing friends have been total frauds. The same total frauds they trotted out last time the employment numbers looked good. It's become nothing but a mindless ritual.
    You realize that the data you refer to shows that Reagan left office with an unemployment rate of 4% right? Using stimulus spending no less...

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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
    WTF???

    I said, "But to that, I largely attribute retiring baby boomers."


    But your brain translates that into, "so you want to say that they are all retirees."



    How can I answer a question based on a false premise? That false premise being something I never said.

    At any rate, according to this study, just under half of the drop in the labor force participation rate is due to retiring baby boomers. And the rate of baby boomers reaching retirement age increases every single day, leading to even more people retiring.

    There are an additional 1.5 million people between ages 62 and 66 every single month. That has a huge impact on the labor force.


    http://chicagofed.org/digital_assets...ch2012_296.pdf
    Then explain to me if that is the case, why it is that the employment numbers aren't equally as large? I mean, if 1.5 million per month are leaving, and only 150,000 being hired, where's the other jobs going?
    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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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    You realize that the data you refer to shows that Reagan left office with an unemployment rate of 4% right? Using stimulus spending no less...
    I don't suppose you'd mind backing that up with "factual" data??

    No, of course not.

    January, 1989: U3=5.4%


    Bureau of Labor Statistics Data

    Oh, and by the way ... back then, they didn't include 16-24 year olds in the U3 unemployment rate. Had they, that 5.4% would have been higher.

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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

    Then explain to me if that is the case, why it is that the employment numbers aren't equally as large? I mean, if 1.5 million per month are leaving, and only 150,000 being hired, where's the other jobs going?
    Holy ****, mac!!!

    First I say, "But to that, I largely attribute retiring baby boomers," but somehow, your brain translates that into,
    "so you want to say that they are all retirees."

    Now I say, "There are an additional 1.5 million people between ages 62 and 66 every single month," and somehow your brain translates that into, "I mean, if 1.5 million per month are leaving"

    I'm sorry, but until you learn to properly read what people write, I can't continue answering questions that are not grounded to reality.

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

    Quote Originally Posted by Dpetty View Post
    You realize that the data you refer to shows that Reagan left office with an unemployment rate of 4% right? Using stimulus spending no less...
    Actually, it was 5.4%, but that was more than 20 years ago. What would that have to do with the price of eggs?

    Bush inherited from his predecessor one of the healthiest economies of any incoming President in our history, and he passed on to his successor one of the sickest. The Bush-43 administration was an economic disaster. Unfortunately, there were others as well.

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