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

  1. #781
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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 are talking the 81-82 recession and recovery vs the 07-09 recession and recovery? Behind door number one we had a 20 misery index including 10.8% unemployment and behind Door number two we had a 12 misery index and 10% unemployment. Hmmmm, now which door to pick? Sorry you must not have gotten your XBos that you were hoping for or IPAD
    It really isn't anyone's problem but your own that you can't understand that the misery index is not an economic indicator. You can keep pointing to it as though it is, but you only prove you don't know what you're talking about.

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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
    Oh cmon. Its a combination of a variety of economic indicators. It is an indicator of sorts. I wouldnt argue its as important as Conservative likes to make it or he gathers data as well as he should but to declare it isnt an indicator is false. It is, its just not as reliable as others.

    One bad argument shouldnt lead to a counter argument that is worse...and false.
    It doesn't indicate ****. Let's see you explain this (Conservative wouldn't touch it) ...

    ... Just based on the misery index, which is worse ... ? An economy with 4% unemployment and 2% inflation (misery index of 6.0) ? Or an economy with 10% unemployment with 5% deflation (misery index of 5.0)? Now, for extra credit, explain why the misery index indicates the former is worse...

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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
    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.

    HEY! Even if he coast for his second term he'll beat his predecessors three point jump in the unemployment rate.

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

    Quote Originally Posted by Bronson View Post
    Yes you are lying and pushing propaganda
    Unfortunately for you, the record demonstrates I am not. Your hollow accusations do not even begin to dent the record.

    And the record is clear. Republicans submitted two bills to increase regulation of the GSE's while they were in charge. Democrats did not filibuster either one and neither bill was placed on the legislative calendar to be put to a full vote on the Senate floor.

    I even gave you the links to the bill so you could see for yourself. It's a pity you either didn't understand them or didn't bother to read them; either way, it's a reflection on you not knowing what happened, even when showed the record.

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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 doesn't indicate ****. Let's see you explain this (Conservative wouldn't touch it) ...

    ... Just based on the misery index, which is worse ... ? An economy with 4% unemployment and 2% inflation (misery index of 6.0) ? Or an economy with 10% unemployment with 5% deflation (misery index of 5.0)? Now, for extra credit, explain why the misery index indicates the former is worse...
    You're right. it seems Americans are happier than ever!

    And they owe it all to Barrack H. Obama.

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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
    You're right. it seems Americans are happier than ever!

    And they owe it all to Barrack H. Obama.
    his approval is higher(51%) than the congressional approval(13.0%) which is lower cockroaches.

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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

    Please point to the Democrat bills that were pushed prior to the collapse that would have reigned in Fannie and Freddie.
    That's a rather asinine challenge given that Democrats were the minority party while the majority party Republicans wouldn't even pass such a bill.

    Quote Originally Posted by Fenton View Post

    And if you cant because they didn't exist then tell us why they didn't exist.
    Shortly after taking over the Congress, they began working on it. Barney Frank submitted a bill just two months into the 110th Congress. He got it passed in the House but it failed in the Senate. Nancy Pelosi took parts of it and sponsored her own bill a few months later. Democrats did what Republicans couldn't. Pass GSE oversight in the House and the Senate and get a bill in front of the president for him to sign. Unfortunately, by then it was too late. Even by 2006, the housing market started turning south. We needed a bill passed years earlier to stave off the economic crisis we ultimately faced.

    Quote Originally Posted by Fenton View Post

    Also that Hagel McCain bill was re-introduced in 2007. Why didn't it get out of committee ?
    How would I know? I don't speak for them. My guess would be they didn't like what was in it. Hell, even the Republicans wouldn't let it get put to a vote when they had the chance in 2005.

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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%.
    The funny part is what you call excuses ... is actually reality.

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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
    [COLOR="#0000FF"]Unfortunately for you, the record demonstrates I am not. Your hollow accusations do not even begin to dent the record.
    Look it's not my problem you don't understand how our Government works

    The record demonstrates that you are a liar. With full Democrat opposition to the bill it was withdrawn because it would not have passed the 60 vote cloture rule for a floor vote. That's why they tried to reintroduce a very similiar bill the next year but again, Democrats blocked any reform down a party line vote. It wouldn't have passed the 60-vote cloture needed on the Senate floor. Democrats only needed 41 votes to stop an up or down vote. You're acting like they were powerless and stood by twiddling their thumbs. It doesn't pass the laugh test.

    Here's a speech Barney Frank gave in 2003

    Barney Frank on Fannie Mae and Freddie Mac in 2003 | Tax Foundation

    Fannie Mae and Freddie Mac have played a very useful role in helping make housing more affordable, both in general through leveraging the mortgage market, and in particular, they have a mission that this Congress has given them in return for some of the arrangements which are of some benefit to them to focus on affordable housing, and that is what I am concerned about here. I believe that we, as the Federal Government, have probably done too little rather than too much to push them to meet the goals of affordable housing and to set reasonable goals. I worry frankly that there is a tension here.

    The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios. And even if there were a problem, the Federal Government doesn't bail them out. But the more pressure there is there, then the less I think we see in terms of affordable housing.
    Frank calling it a "phony issue" as he and his fellow Democrats repeatedly tried to block any GSE reform

    Frank: GSE Failure a Phony Issue - American Banker Article

    Rep. Frank, the ranking Democrat on the House Financial Services Committee, said he was "baffled" that so much attention had been devoted to whether the federal government should be able to put the companies into receivership in the event of a financial crisis.

    "I think it is an artificial issue created by the administration," he said in a speech at a Mortgage Bankers Association conference.
    Harry Reid rejecting GSE reform

    Dems rip new Fannie Mae regulatory measure - UPI.com

    Bush repeatedly called for GSE reform. He was ignored. After the bubble burst, Chris Dodd and the Democrats (the people you worship who scoffed at reform and attacked the regulators as racist) whined how they should have done more. They play people like you like a fiddle.

    Fannie Mae, Freddie `House of Cards' Prompts Takeover (Update2) - Bloomberg

    Why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem?'' Dodd said in a Bloomberg Television interview. ``I have a lot of questions about where was the administration over the last eight years.''
    Frank knew of the accounting errors for years but still did nothing.

    New Documents Uncovered by Judicial Watch Show Congress Ignored Corruption at Fannie Mae and Freddie Mac for Years | Judicial Watch

    FHFA letter, dated December 3, 2004, to Congressman Barney Frank: "On November 15, 2004 Fannie Mae filed a Form 12b-25 with the Securities and Exchange Commission (SEC). Fannie Mae indicated that its external auditors could not complete their reviews of its financial statements and noted the possibility of up to a $9 billion loss dating back to 2001. As a result, OHFEO has determined it will not provide a monthly capital classification at this time."
    The Bush Administration diagnosed the problem and proposed new regulations. Frank again opposed it and claimed there was not a problem with the GSEs.

    New Agency Proposed to Oversee Freddie Mac and Fannie Mae - Page 2 - New York Times

    'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'
    Both Dodd and Frank, (who both dismissed and criticized any reform) then used The Housing Crash to draft Socialist Legislation that has been crippling the Economy ever since

    They opposed GSE reform every step of the way. Even in 2010 AFTER the financial crisis, Democrats BLOCKED GSE reform. You are wasting everyone's time with your nonsense. Democrats = directly responsible for the 2008 Financial Crisis. They blocked any meaningful reform and then used the crisis to ram their political agenda through. Ever since 2008 Obama and the Democrats have been tuning the Public like a fork from one crisis to the next, using crisis' that THEY manufacture to increase the size and power of Government. That's all they keep doing as they poke, prod, and attack the Constitution. Claiming crisis crisis crisis.

    When the left's lies and economic policies continue to fail all we keep hearing are excuses, finger pointing and blame. Only an ignorant clown wouldn't see this scam for what it is and continue to vote Democrat.

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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 doesn't indicate ****. Let's see you explain this (Conservative wouldn't touch it) ...

    ... Just based on the misery index, which is worse ... ? An economy with 4% unemployment and 2% inflation (misery index of 6.0) ? Or an economy with 10% unemployment with 5% deflation (misery index of 5.0)? Now, for extra credit, explain why the misery index indicates the former is worse...
    Your post is crap.

    Inflation is an economic indicator.
    Unemployment is an economic indicator.

    So something made of those two things is an economic indicator. You can argue its importance or accuracy, but arguing its not an indicator is false by definition.

    Because both items on the misery index are given equal weight and negatives work against each other in answer to your terrible question, because deflation is something you have to truly work at to achieve in a modern economy. Sheik, you and Conservative both need to stop making stupid arguments, a stupid argument to counter another stupid argument is still a stupid argument.

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