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

  1. #861
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by a351 View Post
    To claim that Reagan's recession was indeed more harmful to Americans at large, one would have to claim that larger dips in both total output, employment, personal wealth, disposable income, and structural devastation in the form of both financial and housing markets take a back seat to the almighty misery index. Don't be that guy.
    Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

    Reagan: -1.5% GDP
    Bush: -4.7% GDP

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

    Quote Originally Posted by a351 View Post
    GDP figures, not debt.
    Ah, my bad. Sorry to jump in...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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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
    Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

    Reagan: -1.5% GDP
    Bush: -4.7% GDP
    I'm well aware. Re-read my post and you'll actually see I'm mocking the notion that Reagan's recession was more damaging to Americans because of the misery index alone, while ignoring a whole slew of data that clearly suggests otherwise.

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

    Quote Originally Posted by AlabamaPaul View Post
    I used your figures. Feel free to link to those, if you can. BTW, they're way off...
    sure...http://www.bea.gov/national/xls/gdplev.xls

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

    Quote Originally Posted by a351 View Post
    I'm well aware. Re-read my post and you'll actually see I'm mocking the notion that Reagan's recession was more damaging to Americans because of the misery index alone, while ignoring a whole slew of data that clearly suggests otherwise.
    My apologies. I don't know how I missed the tongue-in-cheek?

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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
    Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

    Reagan: -1.5% GDP
    Bush: -4.7% GDP
    How much manipulating the numbers is going on in this administration....The fairy tale being shoved down our throats suggests quite a bit.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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

    Quote Originally Posted by j-mac View Post
    How much manipulating the numbers is going on in this administration....The fairy tale being shoved down our throats suggests quite a bit.
    I imagine the same amount of manipulation that occurred under Bush and Reagan.

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

    Quote Originally Posted by j-mac View Post
    You are just plain full of it, if you think that it costs $225K to create a $25K per year job. Period.
    I'm not saying that at all. What I am saying is that construction type jobs require more than just the salary amount. Go to post #850 to see where the $228K figure came from. In reality, about 40% of the stimulus was tax cuts.

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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 funny part is what you call excuses ... is actually reality.
    BHO to Harry Truman: "No no! The buck stops there!"
    "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
    BHO to Harry Truman: "No no! The buck stops there!"
    That's especially cute when it comes from a Bush apologist given Bush was "passing the buck" 8 years into his presidency.


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