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

  1. #111
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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
    Who was president when the recession began December 2007?
    Don't ya know silly wabbit Obama was a Senator then so it is Obama's fault!

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

    Quote Originally Posted by winston53660 View Post
    Don't ya know silly wabbit Obama was a
    Senator then so it is Obama's fault!
    Obama as a plaintiffs lawyer shook down banks in Chicago for "discrimination ".

    Clinton's 1995 National HomeOwners Strategy reduced capital requirments to 3% on loans that could be purchased by the GSEs.

    Allot of the push to lower or "loosen" lending standards started in Chicago and California AND Obama is calling for the lowering of standards through Ginne Mae and FHA.

    Yea actually he a pretty big part in the collapse.

  3. #113
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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
    So you buy the liberal spin?
    So you buy the conservative spin? That we can whack $450 billion off the Department of Defense budget without resulting in a single job loss?


    You and others seem to believe we need a 3.6 trillion dollar federal govt. when the reality is it is the private sector suffering not the public sector.
    First, I'm fine with intelligent cuts -- coupled with intelligent tax hikes and elimination of tax loopholes. The DOD in particular needs a good solid trim, since they are still spending at wartime levels, and the bill for veterans services for the next 50+ years will be huge. And a lot of those cuts have to be phased in over the next 5-10 years, to minimize the negative effect on GDP.

    Second, almost all of the added jobs over the past 3 years are in the private sector, not public sector.


    Higher taxes, more regulations, and Obamacare aren't prescriptions for economic growth and job creation.
    And yet, that is exactly what the majority of Americans expected when they voted Obama back into office.

    Small tax hikes, especially on the rich, won't kill the recovery. Most of that capital is doing nothing -- it's sitting in banks or Treasury bills collecting almost no interest. Heck, even Reagan realized a small tax hike was necessary on occasion.

    It should also be screamingly obvious that hacking away at the federal budget will result in job losses and will cut into GDP growth, but that doesn't stop conservatives from advocating it. Go figure.

  4. #114
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by DA60 View Post
    March is a perfect example of what is happening to employment in America.

    The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

    But it went down.

    Only because more Americans gave up looking for work (which is why the participation rate above is going down).
    The unemployment situation is NOT getting better in America, it is getting worse.

    If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

    People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

    All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
    Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

    Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

    But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
    No she hasn't...not even close.

    The house of cards is growing.
    Well there you go ... Comment 55 suggests the question and Comment 67 answers it.
    Doncha love it when it all comes together like that.
    Too bad there are so many Obama deadenders here mucking up the landscape.

  5. #115
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by MMC View Post
    Yeah, maybe Obama should quit talking about guns and get back to thinking about jobs. Some economists are saying Unemployment will rise to 7.8% and others are saying it will stay the same.

    They never really agree on anything and yet counting numbers there really shouldn't be any excuses for mistakes.
    Or maybe we need need to put more effort into getting people employed instead of always talking about debt.

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

    Quote Originally Posted by DA60 View Post
    March is a perfect example of what is happening to employment in America.

    The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

    But it went down.

    Only because more Americans gave up looking for work (which is why the participation rate above is going down).

    The unemployment situation is NOT getting better in America, it is getting worse.

    If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

    People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

    All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
    Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

    Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

    But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
    No she hasn't...not even close.

    The house of cards is growing.
    Good afternoon, DA60.

    Excellent post!

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

    Quote Originally Posted by polgara View Post
    Good afternoon, DA60.

    Excellent post!
    Good afternoon, polgara.

    Thank you.

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

    Quote Originally Posted by DA60 View Post
    Good afternoon, polgara.

    Thank you.
    Like your tag line...one that I am in complete agreement with, BTW!

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

    You know, if you read the article, I really didn't see one instance where the government actually wrote a check or sent money to any corporation. The article said the government "spent" $92 billion on corporations. I know what happens when I "spend" money, and I didn't see any of that going at all.

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

    Quote Originally Posted by rcart76 View Post
    Or maybe we need need to put more effort into getting people employed instead of always talking about debt.
    Well Obama is touring the country on his Gun Issue again.....not about the Debt. As a matter of fact he does all he can to avoid talking about the economy.

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