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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 Jack Hays View Post
    A lot of job growth wasn't called for under GWB because the economy was running near full employment.
    Come on Jack, that's BS, please back up these statements you make.

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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
    Come on Jack, that's BS, please back up these statements you make.
    Not BS at all. Just plain fact. Unemployment under GWB averaged only 5.3%. "Full employment" is generally defined as unemployment of 4%. GWB ran close to that throughout his Presidency.
    "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
    Blah blah blah. Excuse excuse excuse. The bottom line is all that matters. 5.3% vs 8.9%.
    latest_numbers_LNS14000000_2001_2009_all_period_M12_data.jpg

    Then of course BO had this to look foreword to on inauguration day.

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

    Well into the fifth year of the BHO Presidency, the "blame Bush" gambit deserves only ridicule as a response.
    "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
    Well into the fifth year of the BHO Presidency, the "blame Bush" gambit deserves only ridicule as a response.
    It deserves almost as much ridicule as someone comparing an eight year Presidency with a four and a third year Presidency would you say?

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

    Quote Originally Posted by Donc View Post
    It deserves almost as much ridicule as someone comparing an eight year Presidency with a four and a third year Presidency would you say?
    Not really. BHO has already added more to the national debt than did GWB, so we know he works fast. And BHO has achieved exactly one month with unemployment as low as GWB's worst (highest) month. Unemployment under BHO has averaged 8.9%. Under GWB the average was only 5.3%.
    "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
    Not really. BHO has already added more to the national debt than did GWB, so we know he works fast. And BHO has achieved exactly one month with unemployment as low as GWB's worst (highest) month. Unemployment under BHO has averaged 8.9%. Under GWB the average was only 5.3%.
    WELL- he DOES have three and two thirds of his second term to correct that does he not?

    I see you lurken con.comeon in we need a few laughs before betime.
    Last edited by Donc; 04-12-13 at 12:38 AM. Reason: seen con lurken.

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

    Quote Originally Posted by OpportunityCost View Post
    It is one of many economic indicators and is itself a combination of several individual indicators. I disagree with the level of importance you give it. I agree that it is an economic indicator.

    Agree to disagree, its my opinion.
    I respect your opinion, mine is that the major component of GDP is consumer spending and unemployment and inflation affect consumer spending more than anything else so when the misery index is high there is a major negative affect on GDP which is what made the 81-82 recession worse than the current one.

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

    Quote Originally Posted by Donc View Post
    WELL- he DOES have three and two thirds of his second term to correct that does he not?

    I see you lurken con.comeon in we need a few laughs before betime.
    Doubt seriously that you want to wager that the employment picture will get better although if he keeps on the pace he has of having hundreds of thousands drop out of the labor force he could get that unemployment rate down. I know you must love having so many people dependent on the govt. as that keeps liberals in power and since it isn't your money they are spending, no problem

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

    Quote Originally Posted by Fenton View Post
    Still lying I see.

    Point to one economist that forecasted a depression if we had NOT passed the stimulus.

    Everything from jobs to monthly GDP had already bottomed out befpre stimulus was enacted
    Paul Krugman

    http://www.oregonlive.com/news/index...our_fathe.html

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