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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

    Economic failure?

    When Obama came into Office, GDP was negative 8.9%. 2.6 million jobs were lost in the 3 months leading to his presidency. The stock market was nose diving and the economy was crashing. Now, though barely positive, GDP is still positive (compared to -8.9%). 19,000 jobs lost over the last 3 months (compared to 2.6 million). 2 of the 3 major indexes of the stock market are at all-time highs and the economy is doing far better than it was a little over 4 years ago when Bush left office.
    Hey, we can give Bush credit for giving the auto industry some bread, without it they may have died. Today they are doing very thanks to both of them.

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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
    Hey, we can give Bush credit for giving the auto industry some bread, without it they may have died. Today they are doing very thanks to both of them.
    We would rather watch you and others claim that GM and Chrysler which still owe the American taxpayers billions are the auto industry. I know a lot of other in the industry that would disagree with you

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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

    Economic failure?

    When Obama came into Office, GDP was negative 8.9%. 2.6 million jobs were lost in the 3 months leading to his presidency. The stock market was nose diving and the economy was crashing. Now, though barely positive, GDP is still positive (compared to -8.9%). 19,000 jobs lost over the last 3 months (compared to 2.6 million). 2 of the 3 major indexes of the stock market are at all-time highs and the economy is doing far better than it was a little over 4 years ago when Bush left office.

    Average unemployment 8.9% (and only that low because so many have given up and stopped looking for work). Already responsible for more national debt that any other POTUS. On track to own more of the national debt than all other Presidents combined by the time he leaves office. Anemic "growth" that keeps unemployment high. BHO will leave behind a legacy of failure.
    "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 Conservative View Post
    We would rather watch you and others claim that GM and Chrysler which still owe the American taxpayers billions are the auto industry. I know a lot of other in the industry that would disagree with you
    Those employees are paying FIT.

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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
    The term recession is relative to GDP, not employment.
    Yes, we all know that. Your point?
    "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%

    Obama, Bush, Obama, Bush, Obama, Bush.......both sucked the big one. I don't see what you people are bickering about. Both parties are abysmal and we need to get rid of them both. Jobs under Bush sucked and they still suck under Obama. At this point you can't say Obama is doing a good job, you just can't. Plain denial is what it is. I don't see why people cling to their political affiliation like their religion. I used to claim myself as a Liberal, then I started thinking for myself and now I realize they both lie through their teeth to get re elected while filling their bank accounts along the way. Take the money out of politics and you won't have any more retarded parasites trying to get into office. They do one year of mediocre work, then its time to lie, spin, and cheat the voters to get re elected. Nothing ever gets done under the current system of career politicians.

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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
    Those employees are paying FIT.
    Too bad none of it is getting to the 6 trillion dollar debt and the 25 billion still owed the taxpayers.

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

    Quote Originally Posted by DA60 View Post
    Oh, he likely does. But like all politicians he hopes the economic musical chairs will stop with him in he last chair. In other words, he hopes to get to take credit. He can only do that if he convinces you to think that way.

    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
    You are free to believe whatever nonsense helps you get through the day. BHO's economic management has been abysmal.
    That is true if both of us and goes without saying. But it is factually true that hey have limited influence. If they controlled it, the condo my would never be bad.

    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
    Average unemployment 8.9% (and only that low because so many have given up and stopped looking for work). Already responsible for more national debt that any other POTUS. On track to own more of the national debt than all other Presidents combined by the time he leaves office. Anemic "growth" that keeps unemployment high. BHO will leave behind a legacy of failure.
    I don't think so, here is jobs reports for Bush and Obama

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
    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 1845
    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
    2013 148 268 88 770

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