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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Say, Con ... aren't those the numbers you post here every day of your life??

    NOW, you suddenly have a problem with them??
    I have no problem with them at all, but Bush wasn't on the ballot in 2008 when those numbers were generated, Obama was. You gave him a chance and he failed. You voted for him for a second term and the numbers aren't any better or don't even come close to the bar set by the beginning of the recession. Your standards are very low as are your expectations.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    You are right, Obama inherited a recession and after adding 6 plus trillion to the debt we are back where we started when he inherited those terrible numbers over 4 years ago. That is liberalism and its low standards.
    Liberal history only extends back to the last year or two of the Bush Presidency.

    They seem to genuinely believe that America has never had it so good, despite the clear evidence of record debt, the doubling of food stamp use, institutionalized unemployment, a failing educational system, an every growing bureaucracy, and that's just the domestic problems.

    It is very difficult to debate someone's beliefs.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Didn't have to be, but that is what good leaders do, take a bad economy and improve on it and the improvement bar is 146 million, not a labor force that lost 500,000 and just got back to where it was when he took office. What did he add 6 trillion to the debt for if that is the best he can do?
    But, Con, your idea of a good leader is one who nearly doubles unemployment and nearly doubles the debt. By your standards, Obama is a superb leader.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    But, Con, your idea of a good leader is one who nearly doubles unemployment and nearly doubles the debt. By your standards, Obama is a superb leader.
    About time you figured that out!

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    You are right, Obama inherited a recession and after adding 6 plus trillion to the debt we are back where we started when he inherited those terrible numbers over 4 years ago. That is liberalism and its low standards.
    It wasn't just a recession, it came very close to a depression, the financial system was in chaos, phony derivatives found their place far and wide, credit markets were frozen.

    You seem to imply that the $6 million plus added to the debt was through spending, as I explained yesterday a good chunk (I don't know how much) was due to the loss of FIT and payroll taxes because job losses the Bush recession caused.


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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    But, Con, your idea of a good leader is one who nearly doubles unemployment and nearly doubles the debt. By your standards, Obama is a superb leader.
    I didn't vote for Bush in 2008 because he wasn't on the ballot. Unlike you I have higher standards that apparently you do. Obama has yet to meet the bar or even come close due to poor or zero leadership and terrible economic policy that rewards people who aren't working and penalizes those who are. That is liberal economic 101

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    It wasn't just a recession, it came very close to a depression, the financial system was in chaos, phony derivatives found their place far and wide, credit markets were frozen.

    You seem to imply that the $6 million plus added to the debt was through spending, as I explained yesterday a good chunk (I don't know how much) was due to the loss of FIT and payroll taxes because job losses the Bush recession caused.
    Your opinion noted, how did this recession affect your and your family? A close to depression affects everyone. I contend high inflation, high unemployment, and high interest rates affect everyone.

    The loss of FIT is due to the inability of Obama to implement an economic plan to provide incentive to the private sector to grow. Obama said he had the answers to the problems that he helped create by being in the Congress. Seems people like you always claim that Bush is responsible for all the problems we have but Obama has no blame in the economic results we have today. Your expectations are always too low which is why you are a liberal.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    That isn't true at all, if you look at the graph the increases are roughly at the same rate as President Bush.


    Bureau of Labor Statistics Data
    So what? Unemployment remains at 7.6%, and is only that low because so many have dropped out of the labor force. BHO has institutionalized mediocrity.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Jack Hays View Post
    So what? Unemployment remains at 7.6%, and is only that low because so many have dropped out of the labor force. BHO has institutionalized mediocrity.
    A true liberal's dream economy, high dependence means permanent power.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    It wasn't just a recession, it came very close to a depression, the financial system was in chaos, phony derivatives found their place far and wide, credit markets were frozen.

    You seem to imply that the $6 million plus added to the debt was through spending, as I explained yesterday a good chunk (I don't know how much) was due to the loss of FIT and payroll taxes because job losses the Bush recession caused.
    The Great Recession came nowhere near a depression.

    A depression generally needs the following (though the definition varies):

    'a decline in real GDP exceeding 10%, or
    a recession lasting 2 or more years.'

    Depression (economics) - Wikipedia, the free encyclopedia

    Neither was remotely true in this case.

    http://en.wikipedia.org/wiki/List_of..._United_States


    And as for the banking system chaos?

    Way overrated IMO.

    Sure, lots of banks messed up and got themselves in trouble. But roughly HALF of all banks failed during the Great Depression. 1/2! This time? Half a dozen maybe...I am not sure, but hardly any.

    The banks spread most of the hype and panic about the banking system to scare the public into getting the governments to bail them out.

    And the moronic media and gullible public fell for it and the banks got trillions from taxpayers - worked like a charm.


    Sure, the banking sector was in chaos. And if they had been left alone, several would fail, others would take their place and the problems would be resolved.

    Fear is a bad thing for macroeconomics.

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