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Thread: Job growth cools slightly, recovery grinds on [W:225]

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Mr.Nick View Post
    There is no "job growth." Look - 385,000 minus 485,000 doesn't equal "growth" it equals a negative number. It's amazing how the Obama media focuses on the gains and ignores the losses....
    Learn the difference between numbers that are reported net and those that are reported gross. Nonfarm payrolls increased by 155K in December. That's net. Employment increased in December by 28K. That's net. If you want to look at a finer grain, the number of Americans who began a new job in November 2012 was 4,319K. The number who left one that month was 4,138K. Those numbers are gross.

    Quote Originally Posted by Mr.Nick View Post
    Put a republican in office and they get really good on the math and realize the negative numbers.
    The media are overwhelmingly right-wing in their viewpoints. They are also overwhelmingly crippled when it comes to actual intelligence and understanding, as well as in maintaining allegiance to anything other than ratings and dollars.

    Quote Originally Posted by Mr.Nick View Post
    Doesn't matter anyways because half of these clowns who post have no interest in the truth and only care about political gangbanging. Democrats would rather beg for bread on the street than have anyone other than a republican in office.... Er beg their government to provide for them. I'm so sick of it...
    Your pain could be alleviated in either moving or getting some sort of education.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    I welcome any sources you care to provide beyond you snide remarks and snarky crapola. So far, you have not provided anything else.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by iguanaman View Post
    Why do you keep saying "Government" instead of GW Bush? He is the one with the "Minorty Housing Ininiative" where he sold $440 Billion of the banks subprime garbage to Fannie Mae. It was President Bush and a complacent GOP majority in Congress that primed the housing bubble with Govt. money in 2002.
    Blaming the CRA program which did not even have subprime loans is nothing but a red herring and a poor one at that..
    because one man, cant do everything...that would be like saying everything that is wrong with america is Obama's fault, and that's not true.

    trying to blame one party for all the faults that take place in our government, ...means to be...you have not left the partisan side of politics...yet.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by iguanaman View Post
    Why do you keep saying "Government" instead of GW Bush? He is the one with the "Minorty Housing Ininiative" where he sold $440 Billion of the banks subprime garbage to Fannie Mae.
    Fannie Mae agreed to a $440 billion commitment (not an actual transaction) to purchase loans made to minorities over an unspecified period of time. This was no great leap on their part as at the time they expected to purchase more than that amount over the next several years. Subprime was THE market in 2002, and the GSE's expected that they would serve and dominate that market just as they did the prime market. They had better than a 70% share of the primary market at the time and weren't expecting anything else in subprime. Things turned out differently of course.

    From the Bush point of view, this was all just political bells and whistles as he tried to rehabilitate his image among minority voters prior to the 2004 election. He wasn't happy with the words "affordable housing goals" so he papered them over with the more race-specific term Minority Housing Initiative. Minority home ownership had been rising anyway, and it continued to rise through 2004. Then things got ugly. Interestingly perhaps to some, the one minority subclass where home ownership rates held firm all the way to 2008 was foreign-born immigrants, many of whom of course do not have papers.

    Quote Originally Posted by iguanaman View Post
    Blaming the CRA program which did not even have subprime loans is nothing but a red herring and a poor one at that.
    CRA included plenty of subprime loans and those loans included extra points or fees or slightly higher interest rates to balance prospective returns against a rated perception of slightly elevated risk. Such CRA loans however were much less likely to fail than subprime loans written by non-CRA lenders to similar borrowers in similar neighborhoods because CRA lenders were interested in putting borrowers into loans they could afford to service, while private brokers were interested in putting borrowers into loans that generated a lot of up front fees and profits to brokers, and who the hell cared what might happen to the borrower or the eventual noteholder down the road anyway.
    Last edited by Cardinal Fang; 01-19-13 at 12:58 PM.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by OpportunityCost View Post
    I welcome any sources you care to provide beyond you snide remarks and snarky crapola. So far, you have not provided anything else.
    Taking shelter from the storm, eh? So much easier to type meaningless nothingnesses than to come up with any sort of concrete or tangible response. You posted a stream of lies and errors. You shouldn't have done that if you weren't willing to be called on it. Don't do the crime if you can't do the time.
    Last edited by Cardinal Fang; 01-19-13 at 01:15 PM.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by ernst barkmann View Post
    because one man, cant do everything...that would be like saying everything that is wrong with america is Obama's fault, and that's not true. trying to blame one party for all the faults that take place in our government, ...means to be...you have not left the partisan side of politics...yet.
    Nobody means that just George W Bush all by himself wrecked the place. Just as nobody means that it was Lincoln alone who saved the union, or that it was FDR alone who ended the Great Depression. It is customary however even in more expansive arenas than this one to lump the acts taken and prompted and omitted by an administration simply under the name of the man at the top. Of course to hear the right-wing wanker version of things, not only does the buck not stop at the desk of George W Bush, it doesn't even slow down.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Cardinal Fang View Post
    Nobody means that just George W Bush all by himself wrecked the place. Just as nobody means that it was Lincoln alone who saved the union, or that it was FDR alone who ended the Great Depression. It is customary however even in more expansive arenas than this one to lump the acts taken and prompted and omitted by an administration simply under the name of the man at the top. Of course to hear the right-wing wanker version of things, not only does the buck not stop at the desk of George W Bush, it doesn't even slow down.
    i for one have said bush/congress did a lot of damage to this nation, and under his congress, they ran up a lot of debt, violated the constitution.......and the government after bush is doing the same thing.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    The economy was tanking at the end of the Clinton era already. 9/11 just gave us the pretext to stimulus in the name of freedom.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Fisher View Post
    The economy was tanking at the end of the Clinton era already. 9/11 just gave us the pretext to stimulus in the name of freedom.
    Right...tanking. GDP growth in 2000 was 4.1%. In 2001, it was 1.1%. It hasn't approached 4.1% since. Unemployment was 4.2% when Bush took over. Fourteen months later, we were on federal emergency extended unemployment benefits and we stayed there for the rest of 2002 and all of 2003. In FY 2000, the budget SURPLUS was $236 billion. In FY 2004, the budget DEFICIT was $413 billion. And by far the worst of Bush was still to come. Bush and the Republicans flat out wrecked the place.

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Cardinal Fang View Post
    Right...tanking. GDP growth in 2000 was 4.1%. In 2001, it was 1.1%. It hasn't approached 4.1% since. Unemployment was 4.2% when Bush took over. Fourteen months later, we were on federal emergency extended unemployment benefits and we stayed there for the rest of 2002 and all of 2003. In FY 2000, the budget SURPLUS was $236 billion. In FY 2004, the budget DEFICIT was $413 billion. And by far the worst of Bush was still to come. Bush and the Republicans flat out wrecked the place.
    The economy was starting to trend down by the time Bush took office and the G-S repeal that wrecked the economy was the result of Clinton, and the mass exodus of jobs was because of Clinton policies. But hey, don't let anything jeopardize your campaign for the Presidency of the Post hoc ergo propter hoc school of economics.

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