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

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

Grant said:
If you think gold or the stock markets are a good investment then invest. Personally I wouldn't touch it, but if you think BHO is the financial wiz many leftists believe him to be then this is your chance to put your money where yerbuti is.
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That's not the point. The point is that you [falsely] claimed that people invested in the market because gold market "cooled."

That's simply not true. The market nearly doubled from its low in early 2009 until late 2011 while the gold market also nearly doubled. So you can't possibly claim that people invested in the market because the gold market "cooled."

Now rather than ask me if I think those are good investments, let's hear the next story you invent for why the stock market has performed so great under Obama....
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Or because of economic growth stimulated by the tax cuts.:cool:
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It was the housing bubble which fueled the economic growth during that period. When that burst, there was little left of our economy. And for the 4 years which followed the crash, even though we were under the same tax rates as while the bubble was fueling the economy before it burst, those tax rates did not increase federal tax revenues.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
That's not the point. The point is that you [falsely] claimed that people invested in the market because gold market "cooled."

That's simply not true. The market nearly doubled from its low in early 2009 until late 2011 while the gold market also nearly doubled. So you can't possibly claim that people invested in the market because the gold market "cooled."

Now rather than ask me if I think those are good investments, let's hear the next story you invent for why the stock market has performed so great under Obama....
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2011??

What has that got to do with today?

You really don't know anything about investments and you shouldn't pretend you do.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
That's not the point. The point is that you [falsely] claimed that people invested in the market because gold market "cooled."

That's simply not true. The market nearly doubled from its low in early 2009 until late 2011 while the gold market also nearly doubled. So you can't possibly claim that people invested in the market because the gold market "cooled."

Now rather than ask me if I think those are good investments, let's hear the next story you invent for why the stock market has performed so great under Obama....
Click to expand...

With interest rates held so artificially low, bonds are not an option. That has made stocks more attractive. The policy favors investors over savers.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
It was the housing bubble which fueled the economic growth during that period. When that burst, there was little left of our economy. And for the 4 years which followed the crash, even though we were under the same tax rates as while the bubble was fueling the economy before it burst, those tax rates did not increase federal tax revenues.
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In this discussion, "bubble" is just an agit-prop term to describe growth you find politically inconvenient. High unemployment has reduced tax revenue under BHO.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Grant said:
2011??

What has that got to do with today?

You really don't know anything about investments and you shouldn't pretend you do.
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It shows that the market nearly doubled during that period. That was when most of the growth of this market occurred. Focusing in on the 20% gain over the last year and a half ignores the first 2.5 years of this bull market.

So what's your next excuse?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
In this discussion, "bubble" is just an agit-prop term to describe growth you find politically inconvenient.
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Suuuure, there was no bubble. :roll: it's just agit-prop. :lamo

Jack Hays said:
High unemployment has reduced tax revenue under BHO.:cool:
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Of course it has.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
With interest rates held so artificially low, bonds are not an option. That has made stocks more attractive. The policy favors investors over savers.:cool:
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There is truth to that, though it has little to do with people investing in the market because gold leveled off.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
It shows that the market nearly doubled during that period. That was when most of the growth of this market occurred. Focusing in on the 20% gain over the last year and a half ignores the first 2.5 years of this bull market.

So what's your next excuse?
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Do you know what the peak gold price was in 2011 and what it is today?

Check it out and you'll understand why i say that gold has cooled. It's so very easy to check that ignorance really is no excuse.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Suuuure, there was no bubble. :roll: it's just agit-prop. :lamo


Of course it has.
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Look, we get it. You need some way to denigrate the healthy economy that GWB oversaw for most of his Presidency in order to distract attention from BHO's abysmal performance. We admire your loyalty. Just don't expect us to take you seriously.:roll:

In terms of unemployment, BHO has achieved exactly one month as good as GWB's worst month. GWB's average through his Presidency is hopelessly out of BHO's reach.:eek:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
There is truth to that, though it has little to do with people investing in the market because gold leveled off.
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I posted nothing about gold. Gold is a defensive, wealth protecting investment.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Look, we get it. You need some way to denigrate the healthy economy that GWB oversaw for most of his Presidency in order to distract attention from BHO's abysmal performance. We admire your loyalty. Just don't expect us to take you seriously.:roll:

In terms of unemployment, BHO has achieved exactly one month as good as GWB's worst month. GWB's average through his Presidency is hopelessly out of BHO's reach.:eek:
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This would only be true if we accept that conditions were exactly the same and that no other factors are involved other than actions by the president. As that is not true, no comparison of this nature can tell us much.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
I posted nothing about gold. Gold is a defensive, wealth protecting investment.:cool:
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You responded to a post about it.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Boo Radley said:
This would only be true if we accept that conditions were exactly the same and that no other factors are involved other than actions by the president. As that is not true, no comparison of this nature can tell us much.
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Every POTUS bears ultimate responsibility for national economic management. The buck stops at BHO's desk, just as Harry Truman said.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Every POTUS bears ultimate responsibility for national economic management. The buck stops at BHO's desk, just as Harry Truman said.:cool:
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Like a quarterback in football, they unduly get the blame and credit. Archie Manning was a good a QB as I've ever seen, but he lost all the time. Trent Dilfer was average at best, but he won a championship. Honest evaluation, and not knee jerk reaction, is usually more helpful.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Look, we get it. You need some way to denigrate the healthy economy that GWB oversaw for most of his Presidency in order to distract attention from BHO's abysmal performance. We admire your loyalty. Just don't expect us to take you seriously.:roll:

In terms of unemployment, BHO has achieved exactly one month as good as GWB's worst month. GWB's average through his Presidency is hopelessly out of BHO's reach.:eek:
Click to expand...
The healthy economy?? There was nothing healthy about his economy. The one economic boost he had was the housing bubble, but even that can't be viewed in a positive light given the subsequent damage it caused to our economy.

Hell, by this time in Bush's presidency, unemployment was up by 1.7 million jobs, under Obama, it's down by 337,000.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Boo Radley said:
Like a quarterback in football, they unduly get the blame and credit. Archie Manning was a good a QB as I've ever seen, but he lost all the time. Trent Dilfer was average at best, but he won a championship. Honest evaluation, and not knee jerk reaction, is usually more helpful.
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Not an apt analogy. POTUS is more like an NFL GM than a QB. BHO's performance would earn him a high draft position.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
The healthy economy?? There was nothing healthy about his economy. The one economic boost he had was the housing bubble, but even that can't be viewed in a positive light given the subsequent damage it caused to our economy.

Hell, by this time in Bush's presidency, unemployment was up by 1.7 million jobs, under Obama, it's down by 337,000.
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Unemployment under GWB averaged 5.3%. Let me know when BHO even comes close. GWB created fewer jobs for the simple (and very good) reason that there were fewer jobs to create; he kept the economy running near full employment. :cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
I believe you are mistaken.:cool:
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Believe what you want. Who cares?

Jack Hays said:
Sheik Yerbuti said:
That's not the point. The point is that you [falsely] claimed that people invested in the market because gold market "cooled."

That's simply not true. The market nearly doubled from its low in early 2009 until late 2011 while the gold market also nearly doubled. So you can't possibly claim that people invested in the market because the gold market "cooled."

Now rather than ask me if I think those are good investments, let's hear the next story you invent for why the stock market has performed so great under Obama....
Click to expand...

With interest rates held so artificially low, bonds are not an option. That has made stocks more attractive. The policy favors investors over savers.:cool:
Click to expand...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Unemployment under GWB averaged 5.5%. Let me know when BHO even comes close. GWB created fewer jobs for the simple (and very good) reason that there were fewer jobs to create; he kept the economy running near full employment. :cool:
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Which is 1.3 points higher than the 4.2% it was when he started. Obama's average is 8.9%, 1.1 point higher than the 7.8% it was when he started.

So not only has Obama done a better job with unemployment than Bush had, but he's done so while starting with an economy that was crumbling to pieces when he became president. Bush inherited a much healthier economy and still his average rose more than Obama's.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
This defines a bad faith post. Of course I responded to you. That's how our discussion began. :roll:
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Nope, no bad faith at all. I pointed out how you responded to a post of mine where I was discussing gold -- and then re-posted it to show that to you after you denied responding to a post of mine where I was discussing gold.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Which is 1.3 points higher than the 4.2% it was when he started. Obama's average is 8.9%, 1.1 point higher than the 7.8% it was when he started.

So not only has Obama done a better job with unemployment than Bush had, but he's done so while starting with an economy that was crumbling to pieces when he became president. Bush inherited a much healthier economy and still his average rose more than Obama's.
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I had to correct my post. GWB's average was even lower: 5.3%. You keep right on with your Orwellian argument that average unemployment of 8.9% is better than average unemployment of 5.3%. Arthur Koestler wrote a book entitled Darkness at Noon. I think you would like it.:lamo:lamo:lamo:lamo:lamo
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Nope, no bad faith at all. I pointed out how you responded to a post of mine where I was discussing gold -- and then re-posted it to show that to you after you denied responding to a post of mine where I was discussing gold.
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You did not point out that it was a post of yours. I inferred that it was a post from someone else and searched my past posts. :cool:
 
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