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

    Quote Originally Posted by Jack Hays View Post
    Or because of economic growth stimulated by the tax cuts.
    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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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    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....
    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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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    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....
    With interest rates held so artificially low, bonds are not an option. That has made stocks more attractive. The policy favors investors over savers.
    "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 Sheik Yerbuti View Post
    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.
    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.
    "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 Grant View Post
    2011??

    What has that got to do with today?

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

    Quote Originally Posted by Jack Hays View Post
    In this discussion, "bubble" is just an agit-prop term to describe growth you find politically inconvenient.
    Suuuure, there was no bubble. it's just agit-prop.

    Quote Originally Posted by Jack Hays View Post
    High unemployment has reduced tax revenue under BHO.
    Of course it has.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    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?
    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.

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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
    Suuuure, there was no bubble. it's just agit-prop.


    Of course it has.
    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.

    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.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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