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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 Kushinator View Post
    Bush presided over the greatest decrease in net wealth this country has witnessed since the Great Depression. In constant dollar terms (factoring for inflation), households still have not recovered. Any idea how much this damages confidence?
    All paper losses, perpetuated by greed from individuals including many in Congress. To blame the loss on Bush is typical but let's say it is all Bush's fault, where is the blame on Obama for the poor recovery and economic policies that have done nothing but add to the debt?

    How did the recession of 07-09 affect you and your family? You survived it, I survived it so are we that much smarter than anyone else? The fact is the low interest rates, low inflation saved a lot of people who didn't have that luxury in the 81-82 recession that affected everyone.

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

    Quote Originally Posted by Fenton View Post
    Wait, you're serious ?

    Your'e after 4 years blaming Bush on Obama's continued incompetence ? First off no economist was prediciting a depression after the " Democrat Mandated Sub-Prime Bubble "
    That's simply not true. Paul Krugman and Joseph Stiglitz, Nouriel Roubini, Daniel O’Connor, Robert Parks; among the those who predicted we could have slipped into a depression.

    As far as it being a "Democrat Mandated Sub-Prime Bubble," that even more ludicrous than your fallacious claim that no economist predicted a depression.




    Quote Originally Posted by Fenton View Post

    Second if it's the Sub-Prime bubble that was the "DEPRESSION !!!" Obama inherited you should know it was actually the collapsing of a sub-prime bubble mandated by Democrat policies and funded by the GSE's who happened to be staffed with Clinton's corrupt appointees.
    While Clinton gets the blame for signing a key piece of legislation which led to the collapse, the sponsors of the Gramm-Leach-Bliley Act were Conservative Republicans. Even worse, Republicans had years while they controlled the Congress to pass oversight of the GSEs and they failed miserably to do so. The lion's share of the blame falls on their shoulders.

    Quote Originally Posted by Fenton View Post

    Next, since you mentioned 9/11, one of the corrupt appointees was a women by the name of Jamie Gorelick. I would, if I were you, look into the infamous " Gorelick Wall" for a better understanding of the events that led up to 9/11.
    Not according to your fellow rightie yahoo, who claims that the president is responsible for everything on his watch. Take it up with him.

    Quote Originally Posted by Fenton View Post

    But then again, you actually think 4 years into Obama's mistake...I mean his Presidency that his current failures are Bush's fault so I wouldn't expect you to be informed of ...well really anything.
    Most people still believe that, according to polls. You may think you're better informed than most people, but I have yet to see evidence of that.

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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
    All paper losses, perpetuated by greed from individuals including many in Congress. To blame the loss on Bush is typical but let's say it is all Bush's fault, where is the blame on Obama for the poor recovery and economic policies that have done nothing but add to the debt?

    How did the recession of 07-09 affect you and your family? You survived it, I survived it so are we that much smarter than anyone else? The fact is the low interest rates, low inflation saved a lot of people who didn't have that luxury in the 81-82 recession that affected everyone.
    WOW!Whatta argument.WE SURVIVED!!

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

    When the Federal Govt. mandates increases in expenses at the state level, who should pay for those expenses? By the way, do you know where the stimulus money came from?

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

    Quote Originally Posted by Gimmesometruth View Post
    How is rebutting your claim that Obama was the primary cause of low participation "ducking" that "central" issue?

    Go ahead and repeat what you already said again and claim I am ducking it if you wish, but this consistently weird debate style is making you look really bad.
    You have rebutted nothing.
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Donc View Post
    WOW!Whatta argument.WE SURVIVED!!
    Feel free to jump in and answer the question, how did the recession of 07-09 affect you or your family?

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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
    The intent of that statistic is to hide the fact that Bush inherited a very low unemployment rate, benefited from the housing bubble, and ultimately trashed the economy as he doubled unemployment as he slithered out of DC after achieving the lowest JAR on record.

    Keep up the denial.
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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
    I don't know why you even bother to mention Clinton's name since you admit it was Bush's fault that not enough was done to prevent it.?
    I mentioned Clinton to present a clear picture of the GWB crowd's misunderstanding of the situation. Since I have no investment in GWB's reputation on this score, I'm not admitting anything. I'm merely offering a factual account of events as I understood them. You should try it.
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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
    You better rethink that because you're wrong. If we didn't lose the 700k the UE Rate would be lower.
    Here's what I calculated ...

    The current LF is: 155,028,000
    The current unemployment level is: 11,742,000
    That makes the unemployment rate: 7.6%

    If we gained 700K in the public sector instead of losing them:

    The current LF would be between: 155,028,000 and 156,428,000 (depending on how many were in the 'not in labor force' )
    The current unemployment level would be: 10,342,000
    That would make the unemployment rate between: 6.6% and 6.7%

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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
    Feel free to jump in and answer the question, how did the recession of 07-09 affect you or your family?

    We’re not discussing my personal finances. This thread is titled “U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6% “.We should keep close to that by at least a degree or two.

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