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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 polgara View Post
    Like your tag line...one that I am in complete agreement with, BTW!
    Cool...I think we will we better off when the house of cards gets blown over.

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

    Quote Originally Posted by Visbek View Post
    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?



    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.



    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.
    LOL !! The majority of Americans that re-elected Obama have a real hard time spelling the word "expected".

    The others that "knew" he would raise taxes, increase regulations and continue to implement ObamaCare are even dumber than the people who just needed a handout.

    And a higher GDP with Govt spending alone is NOT growth. Its an economy so desperately in trouble that the only thing holding it up is printed and borrowed currency. And its being done to the investment markets too as his useful idiots site the "new WallStreet records"

    Or are you pushing the neo-Keynesian nonsense that we should keep spending ?

    Because youve just admitted our only growth comes from the federal Govt's spending.

    Hell why didn't he jist tell us this was his plan in 2007 ? " Im going to borrow and spend my way into a near collapse of our economy and call it a "recovery".

    Also Obama's tax increases are NOT small by any comparison. They include people who are "fined" for not being able to afford an out of pocket expense for health Insurance. They include new taxes in Obama care that have been passed on to the middle class, and the near criminal devaluation of our currency because 60 million morons re-elected a incompetent.

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

    Quote Originally Posted by Visbek View Post
    Uhm.... the unemployment rate has dropped most months since around 2010. You sure about that?



    The labor force participation rate has had a downward trend since 2002.



    It's mostly the Baby Boomers retiring. It's a long-term demographic trend, not a short-term event attributable to government policies.

    On a side note, I find it hilarious that a small rise in the unemployment rate is a sign of doom, whereas any drop in the unemployment rate is mercilessly hammered as a flawed and politicized data.
    the rate was steady from 2003 thru most of 2008 and then it's been in a nose dive since. and no it's not mostly due to the baby boomers retiring, it's due mostly because of the people who have dropped out of the labor market because they are discouraged.

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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?
    GW Bush, when does this become the Obama economy? How long would you have survived in the private sector generating the results Obama has generated?

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

    Visbek;1061656124]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?
    Really, 450 billion cut? You really buy the liberal rhetoric, don't you? What is it about liberalism that creates this kind of loyalty. That is 450 billion over 10 years which is 45 billion a year and yes we can cut the defense budget 45 billion because it is at record levels under Obama


    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.
    What the hell is an intelligent tax hike? Taxing people who are producers? Having policies that allow 51% of income earning families to pay all the expenses of the govt including debt service?

    Jobs added over the past three years aren't enough to keep up with population growth and show the total failure of Obama's economic policies and poor economic growth. You really have no concept of incentive and what drives a private sector economy


    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.

    That is what the poorly informed and dependent classes expected with Obama and that is why there are over 22 million unemployed/under employed/discouraged workers and why 500,000 dropped out of the labor force last month. A true liberal success story?

    Small tax hikes? to fund a 3.6 trillion dollar govt? Brilliant liberal economic policies. Reagan didn't increase income taxes nor did Reagan increase taxes on those evil people who produced

    Hacking away at the current budget will force the dependent class to accept personal responsibility for a change

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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
    GW Bush, when does this become the Obama economy? How long would you have survived in the private sector generating the results Obama has generated?
    Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2001 -32 69 -29 -281 -41 -126 -122 -156 -244 -327 -296 -172
    2002 -143 -135 -22 -83 -6 52 -92 -14 -58 124 7 -162
    2003 89 -158 -215 -51 -10 -3 20 -44 105 197 13 119
    2004 159 43 333 247 306 78 37 125 155 343 65 128
    2005 130 240 135 362 168 246 372 192 65 81 335 158
    2006 274 316 280 181 21 80 210 179 159 -3 205 169
    2007 234 90 186 76 141 80 -35 -24 77 86 111 93
    2008 14 -85 -79 -215 -186 -169 -216 -270 -459 -472 -775 -705
    2009 -794 -695 -830 -704 -352 -472 -351 -210 -233 -170 -21 -220
    2010 -13 -40 154 229 521 -130 -86 -37 -43 228 144 95
    2011 69 196 205 304 115 209 78 132 225 166 174 230
    2012 311 271 205 112 125 87 153 165 138 160 247 219

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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
    Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2001 -32 69 -29 -281 -41 -126 -122 -156 -244 -327 -296 -172
    2002 -143 -135 -22 -83 -6 52 -92 -14 -58 124 7 -162
    2003 89 -158 -215 -51 -10 -3 20 -44 105 197 13 119
    2004 159 43 333 247 306 78 37 125 155 343 65 128
    2005 130 240 135 362 168 246 372 192 65 81 335 158
    2006 274 316 280 181 21 80 210 179 159 -3 205 169
    2007 234 90 186 76 141 80 -35 -24 77 86 111 93
    2008 14 -85 -79 -215 -186 -169 -216 -270 -459 -472 -775 -705
    2009 -794 -695 -830 -704 -352 -472 -351 -210 -233 -170 -21 -220
    2010 -13 -40 154 229 521 -130 -86 -37 -43 228 144 95
    2011 69 196 205 304 115 209 78 132 225 166 174 230
    2012 311 271 205 112 125 87 153 165 138 160 247 219
    I noticed you chose not to answer the question. When does the current office holder begin to take responsibility for the economy (both good AND bad)?
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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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
    Hacking away at the current budget will force the dependent class to accept personal responsibility for a change
    Hacking away at the current budget will lead to recession. This is simply a matter of fact.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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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
    Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2001 -32 69 -29 -281 -41 -126 -122 -156 -244 -327 -296 -172
    2002 -143 -135 -22 -83 -6 52 -92 -14 -58 124 7 -162
    2003 89 -158 -215 -51 -10 -3 20 -44 105 197 13 119
    2004 159 43 333 247 306 78 37 125 155 343 65 128
    2005 130 240 135 362 168 246 372 192 65 81 335 158
    2006 274 316 280 181 21 80 210 179 159 -3 205 169
    2007 234 90 186 76 141 80 -35 -24 77 86 111 93
    2008 14 -85 -79 -215 -186 -169 -216 -270 -459 -472 -775 -705
    2009 -794 -695 -830 -704 -352 -472 -351 -210 -233 -170 -21 -220
    2010 -13 -40 154 229 521 -130 -86 -37 -43 228 144 95
    2011 69 196 205 304 115 209 78 132 225 166 174 230
    2012 311 271 205 112 125 87 153 165 138 160 247 219
    And of course that gives Obama's a pass? I suggest you pay attention to what happened after the Bush tax cuts went into full effect in July 2003 and then what happened when democrats took control of the Congress in January 2007. What is it about liberalism that creates your kind of loyalty because you cannot seem to get over GW Bush. Is that simply your attempt to divert from the dismal Obama performance?

    Here we are in the fifth year of the Obama Presidency and you are still focused on Bush. Looks a lot like Bush Derangement Syndrom to me and someone who lacks basics civics as well as economics understanding.

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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
    Hacking away at the current budget will lead to recession. This is simply a matter of fact.
    Let's hear some ideas...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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