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

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

Kushinator said:
Yes it is a subset. It does not address the crumbling status of the rest of our infrastructure.
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We have to begin somewhere, and if can become energy independent, it would provide immense sources of revenue to pursue improvements you'd like to see...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
Do you ever answer direct questions?
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Good evening, AP. Your continued (but too often disappointed) faith in your fellow man is an admirable quality.:2wave:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I always like to post this video when conservative pessimism roars it's ugly head!

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

Jack Hays said:
Good evening, AP. Your continued (but too often disappointed) faith in your fellow man is an admirable quality.:2wave:
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Good evening 2m, there's always hope...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
We have to begin somewhere, and if can become energy independent, it would provide immense sources of revenue to pursue improvements you'd like to see...
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Energy independence within the next year does not seem the least bit feasible. It is about timing and magnitude. The ARRA was fair with respect to timing, but poor when it came to targeted magnitude.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Yup. With this month's jobs report, finally, BHO has one month with an unemployment number better than GWB's worst month.:cool:
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Ha. I wonder why?

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

Kushinator said:
Energy independence within the next year does not seem the least bit feasible. It is about timing and magnitude. The ARRA was fair with respect to timing, but poor when it came to targeted magnitude.
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Why did you choose to place a time frame of one year on the target for independence? You see, what we have now is a mismatch of skills versus need in the labor market, but in ND they are begging for workers to fill openings. Energy independence would cost nothing, and yet, is a potential source of vast income to enable the institution of all the programs you might like to see...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
Why did you choose to place a time frame of one year on the target for independence?
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That is the point of fiscal stimulus!
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
That is the point of fiscal stimulus!
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No, what is needed is long term growth and absorption of our current excess productive capacity. Government spending will not provide that...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
BHO's weak leadership.:cool:
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Nope! The last days of the Bush presidency equated to 6 years of wealth being destroyed within a matter of months. A most difficult obstacle to overcome.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
No, what is needed is long term growth and absorption of our current excess productive capacity. Government spending will not provide that...
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Long term growth is best left too the market. Sure, policy can have a lasting impact for LTG, but that is beyond the realm of this discussion. Larger deficits will, by sheer definition, boost aggregate output, and therefore will reduce excess productive capacity until the private sector is ready to take the lead once again.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
Nope! The last days of the Bush presidency equated to 6 years of wealth being destroyed within a matter of months. A most difficult obstacle to overcome.
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Every POTUS is fully responsible for his watch. GWB had a couple of bad months. BHO is having a couple of bad terms. He has abdicated leadership.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
Long term growth is best left too the market. Sure, policy can have a lasting impact for LTG, but that is beyond the realm of this discussion. Larger deficits will, by sheer definition, boost aggregate output, and therefore will reduce excess productive capacity until the private sector is ready to take the lead once again.
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Any spending by the government is inherently inefficient (outside of the military) due to its political nature, which is why the stimulus was not as effective as it could have been. The government needs to adopt a rational policy to utilize our natural resources to enable the country to achieve energy independence while hardening our energy transmission at the same time...

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

Jack Hays said:
Every POTUS is fully responsible for his watch. GWB had a couple of bad months. BHO is having a couple of bad terms. He has abdicated leadership.:cool:
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You think loss of real net wealth in the tune of 100% of GDP was a bad couple of months? :lamo Since BHO was elected president, Americans have witness a real wealth increase of more than $10 trillion.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Texmex said:
Aw yes, when you cannot respond to data you resort to the personal attacks. I have been retired for 9 years, spent 35 years in the business world so what were you saying about having it better than I have it? I am waiting for you to explain what economic policy Obama has implemented or has had stonewalled that would make the economy better, provide strong economic growth and great job creation? 88000 jobs and 500,000 people dropping out of the labor force isn't the sign of economic growth and return to prosperity.
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I recently retired. I did my part to make room for another worker.
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
Any spending by the government is inherently inefficient (outside of the military) due to its political nature, which is why the stimulus was not as effective as it could have been. The government needs to adopt a rational policy to utilize our natural resources to enable the country to achieve energy independence while hardening our energy transmission at the same time...

Out for a bit...
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When the private sector refuses to lead the charge of real economic growth, government spending becomes the only game in town.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
You think loss of real net wealth in the tune of 100% of GDP was a bad couple of months? :lamo Since BHO was elected president, Americans have witness a real wealth increase of more than $10 trillion.
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Choose whatever advantageous statistics you like. The fact remains that BHO will be known as either the jobless POTUS or the debt POTUS.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
When the private sector refuses to lead the charge of real economic growth, government spending becomes the only game in town.
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Posted like a true Keynesian or MMTer. The private sector is being restrained; let our people go...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
There's no evidence whatsoever that the sequester has (yet) had any effect.:cool:
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Helix said:
our economy is largely dependent on informed gambling. if one knows for a fact that demand side is going to take a hit in the coming year due to public sector workers working less, hiring is going to slow down. when there's a crimp in the hose, it's a good bet that the water is eventually going to lose pressure.

as for whether this mediocre jobs report can be blamed in large part on sequestration, the answer is probably no. however, it's one factor among many, which is why i was expecting a lousy report. i have no idea how economists figured 200k jobs for March. they need to address flaws in their prediction models.
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. .
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Choose whatever advantageous statistics you like. The fact remains that BHO will be known as either the jobless POTUS or the debt POTUS.:cool:
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Americans are now $10 trillion wealthier under Obama. This is simply a matter of fact!
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
Posted like a true Keynesian or MMTer. The private sector is being restrained; let our people go...
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The private sector restrains itself to protect short term profitability as a means of protecting shareholder value. This point is not up for debate.
 
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