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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Kushinator View Post
    Reagan didn't inherit the type of economic downturn that occurs once a century. Hoover did; but it did't work out too good for him.
    That is your opinion and maybe what some textbooks tell you but people that lived and worked during that period of time had a different opinion and perception. The American people were hurt a lot more by the economic conditions of 81-82 which by the way was basically a double dip recession coupled with high inflation and misery index. IMO many people today would never have survived a 81-82 recession. Your Obama monetary bubble is going to pop here soon and coupled with the high unemployment is going to see economic conditions never before seen in this country since the great depression.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    That is your opinion and maybe what some textbooks tell you but people that lived and worked during that period of time had a different opinion and perception.
    It is not based on opinion or perception, but simply based on the data! Which of course supports my position.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    That is your opinion and maybe what some textbooks tell you but people that lived and worked during that period of time had a different opinion and perception. The American people were hurt a lot more by the economic conditions of 81-82 which by the way was basically a double dip recession coupled with high inflation and misery index. IMO many people today would never have survived a 81-82 recession. Your Obama monetary bubble is going to pop here soon and coupled with the high unemployment is going to see economic conditions never before seen in this country since the great depression.

    I started my first business while finishing up college in 1978. Unfortunately, the gas crisis in 1979 eventually ended that, along with too much inexperience, and not enough seed money.

    The second attempt ended during the recession of 81-82. I learned people don't buy luxury items (Jacuzzi's, etc.) when the interest rates are through the roof, and home construction is tanking.

    My third attempt started in 1985, and turned into a 25 year run with multiple plants in multiple states, before I sold out to an investment firm.

    Hard to argue what contributed to that success. Policies enacted during the Reagan Administration had a huge impact on the early success of my company in 1985 and beyond.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Captain Adverse View Post
    Besides, they are in the "labor market." MARGINALLY ATTACHED: Persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months (or since the end of their last job if they held one within the past 12 months), but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Discouraged workers are a subset of the marginally attached. BLS Glossary

    They WANT and ARE AVAILABLE FOR WORK...even searched for it, but were unsuccessful most recently and have not sought it most recently.
    Which means that for the month in question they are NOT participating in the labor market.


    Okay, it's obviously their fault so they can't be unemployed.
    Who cares about fault? And the point is that if they're not trying to get a job we can't know if they could or not. For Discouraged, we just have their belief, which may or may not be accurate.

    Again, depends on your viewpoint. Having worked with both employers and the unemployed I am a little less skeptical about real causes of their "disgust" and "marginality."
    You're saying they're lying about their reasons?

    Ahh, just as I thought...a statistical survey. Personally never bought into them much, always suspect both their accuracy and how the data can be manipulated in almost any way the gatherer wants.
    And your alternative would be......???

    Really? So do they sample the same 60,000 people each month? Is this like those Nielsen Ratings?
    Households are in the survey for 4 months, out for 8, back in for 4. Each month is 8 panels each in a different month, so every month you have around 7,5000 in their first month, and 7,500 returning after a break. So about 75% of the sample is the same from one month to the next and for the same month in consecutive years, about 50% is the same.

    True, but I also suggested it was probably some statistical survey, and turns out I was correct. So the figures used could be complete B/S as far as I am concerned.
    It's a very complicated survey and really, it couldn't be manipulated. There's too much oversight and too many people who can double check. Sure there will be lazy census workers who curbstone (sit in the car a make things up), but they would have no way of knowing what the effect of that would be and there are spot checks to make sure they're not.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Kushinator View Post
    It is not based on opinion or perception, but simply based on the data! Which of course supports my position.
    The data you want to ignore are the foreclosures, the high interest rates, high inflation, 10.8% unemployment and the effects of that on personal income and monthly profit demand. You read your charts and graphs were as I dealt with real people losing their homes, losing their jobs and not able to pay a 17.5% mortgage rate. Like far too many the human aspect of any recession is ignored by ideologues like you. How exactly did this recession affect you and your family? I can tell you how the double dip in 81-82 hurt most Americans far more than this one.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    He has fixed Bush's disaster. We are no longer hemorrhaging hundreds of thousands of jobs every month. We no longer have a GDP of negative 9%. That we're not back to pre-Bush Great Recession levels yet speaks to how massive that recession was as we lost some 12 million jobs to under/unemployment. More than any other time in U.S. history except for the Great Depression.

    And 40 consecutive months now (and counting) of growth in the private sector to the tune of 7.2 million jobs added. Again, more good news for America which is bad news for Conservatives.

    As far as adding to the debt, that was against record low interest rates.
    LOL. Beyond silly. First off, what did Bush do to cause the problem to begin with? That's right nothing. The wheels were turning way before he came in office that caused the housing market to burst. If fact, he made at least a modest attempt to do something about it but people raking in millions off the corrupt scam on capital hill would hear nothing about it and ran his people off. Another fact. Obama was in position as a Senator to do something about the looming housing bubble problem but did nothing. As it turns out, the scam operators is where he got huge sums of his campaign cash from but Obama won't tell you that.

    Second off, the recession ended about two or three months after Obama took office. He has lead the worst recovery from a recession on record. The answers are as simple as they can be as why that has happened. Higher taxes, Obamacare, more regulations, lawlessness from government and so on gives business little confidence or reason to invest. But that doesn't sit well with the liberal mindset so Obama supporters tell any lie, ignore anything and everything that makes any sense, and pretend that he has worked wonders when the facts are completely opposite.

    Third off, things are still getting worse, overall. Sure, there highlights, here and there. But Presidents are not about here and there. Losing full time jobs each month is a big disaster just waiting on time to happen. Pushing for millions of more of low wage workers competing for few available jobs won't create an economic turn around. Pushing back by a year part of a disaster healthcare law won't cause business investment. Business wondering what crimes or untruthfulness will be committed next at DOJ won't cause them to invest more money. Business wondering what kind of stupidity will come out of the department of energy won't cause them to invest money (unless it has been stolen from taxpayers). And so on and so.

    And we still have three years left of this train wreck.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    This will show you liberal booksmart individuals that there are actual people out there suffering behind the Obama numbers particularly the people of Ky and W. Va. When you demonize those evil companies you hurt the people who work for them and whose livelihood depends on those businesses. Barack Obama doesn't understand how his policies are affecting individuals and all supporters can do is divert from his record by claiming that it isn't any worse than his predecessor. The Obama record is much worse because actual people are suffering as he throws money down the green energy rat hole and tells you how evil the coal industry is. When you have a weak economy you don't demonize any industry and promote govt. growth that creates dependence. Instead you promote the private sector and put them back to work. Run, liberals, run from reality.

    http://conservativevideos.com/2013/0...the-lights-on/

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    I started my first business while finishing up college in 1978. Unfortunately, the gas crisis in 1979 eventually ended that, along with too much inexperience, and not enough seed money.

    The second attempt ended during the recession of 81-82. I learned people don't buy luxury items (Jacuzzi's, etc.) when the interest rates are through the roof, and home construction is tanking.

    My third attempt started in 1985, and turned into a 25 year run with multiple plants in multiple states, before I sold out to an investment firm.

    Hard to argue what contributed to that success. Policies enacted during the Reagan Administration had a huge impact on the early success of my company in 1985 and beyond.
    Despite the popular saying, perception isn't necessarily reality. May a person mistaken one thing as the cause when it was really something else. That's why it's better to test your perception from time to time.

    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 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    The data you want to ignore are the foreclosures, the high interest rates, high inflation, 10.8% unemployment and the effects of that on personal income and monthly profit demand. You read your charts and graphs were as I dealt with real people losing their homes, losing their jobs and not able to pay a 17.5% mortgage rate. Like far too many the human aspect of any recession is ignored by ideologues like you. How exactly did this recession affect you and your family? I can tell you how the double dip in 81-82 hurt most Americans far more than this one.
    Silly silly silly, you have gone back to your silly "it was worse in '82".

    No, it wasn't. You had foreclosure rates of 1% in 81-82, you had a spike in oil costs sending a temporary inflation shock through the economy and you had Volker INTENTIONALLY spiking interest rates to control inflation. Inflationary spikes lead to short run unemployment.

    You still haven't come to terms with how this is a very different, deeper and more severe recession, requiring different responses. One thing that could be duplicated is the massive spending by the govt on direct employment. Reagan spent on defense, we could spend on infrastructure. Reagan got that with a cooperative Dem Congress.....since the Congress was being responsive and responsible to the people they represented. This Congress wants to starve not only "the beast", but the people too.
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Silly silly silly, you have gone back to your silly "it was worse in '82".

    No, it wasn't. You had foreclosure rates of 1% in 81-82, you had a spike in oil costs sending a temporary inflation shock through the economy and you had Volker INTENTIONALLY spiking interest rates to control inflation. Inflationary spikes lead to short run unemployment.

    You still haven't come to terms with how this is a very different, deeper and more severe recession, requiring different responses. One thing that could be duplicated is the massive spending by the govt on direct employment. Reagan spent on defense, we could spend on infrastructure. Reagan got that with a cooperative Dem Congress.....since the Congress was being responsive and responsible to the people they represented. This Congress wants to starve not only "the beast", but the people too.
    Is that what your textbooks told you? Ever been out in the real world? There is a reason Reagan has a higher approval rating and ranking than Obama. Obama is making Jimmy Carter look good and making you look foolish. Reagan provided the leadership to actually meet with Tip ONeil and the Democrat House. Reagan had the leadership to actual demand that Congress work together and set the tone by doing it with ONeil. Reagan didn't take African vacations or play golf every weekend. Reagan actually promoted the greatness of America and is loved today by all except big govt. promoting liberals.

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