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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 Sheik Yerbuti View Post
    There is truth to that, though it has little to do with people investing in the market because gold leveled off.
    I posted nothing about gold. Gold is a defensive, wealth protecting investment.
    "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 Jack Hays View Post
    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.
    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.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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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
    I posted nothing about gold. Gold is a defensive, wealth protecting investment.
    You responded to a post about it.

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

    Quote Originally Posted by Boo Radley View Post
    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.
    Every POTUS bears ultimate responsibility for national economic management. The buck stops at BHO's desk, just as Harry Truman said.
    "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
    You responded to a post about it.
    I believe you are mistaken.
    "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 Jack Hays View Post
    Every POTUS bears ultimate responsibility for national economic management. The buck stops at BHO's desk, just as Harry Truman 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.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    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.
    Not an apt analogy. POTUS is more like an NFL GM than a QB. BHO's performance would earn him a high draft position.
    "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
    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.
    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.
    "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 Jack Hays View Post
    I believe you are mistaken.
    Believe what you want. Who cares?

    Quote Originally Posted by Jack Hays View Post
    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.

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