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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%

    How can economists be so pathetic as to look at the basic numbers of this report and not read the details?

    How can a job report with full time jobs lost, most of the new jobs are part-time and/or unskilled AND the U-6 rises 0.5% as anything but a negative?

    I mean the number of full time workers dropped by 240,000!?!

    http://www.bls.gov/news.release/empsit.t09.htm

    Yet Wall Street seemed to generally like it because all they saw was the 195,000 number and the fact the U-3 did not go down.

    The more I follow Wall Street...the dumber it looks to me (with notable exceptions).

    And don't even get me started on 'economists' and/or the macroeconomic, bean counter morons at the Fed.


    Thanks a lot Obama...under your leadership, America is becoming a nation of part time, unskilled workers.
    Plus, the nation has WAY MORE debt.

    Go back to Chicago you macroeconomic moron.
    Last edited by DA60; 07-09-13 at 12:50 PM.

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

    Quote Originally Posted by Conservative View Post
    What exactly in that video is wrong? Have you ever been to D.C? The history of our country is there and you can interpret it your way all the time but you cannot change it. This country wasn't built on the economic and social principles of Obama and the economic results show total failure. You are entitled to your own opinion but you aren't entitled to your own facts. I am so sorry but liberalism outlived its usefulness decades ago but dies hard. A much weaker country couldn't survive decades of trying to re-write history and fundamentally changing this country. It is just taking a little longer to destroy it and remake it into that perceived liberal utopia. Funny how liberal nations really aren't utopias
    But it was. Restrictions, regulations, all have been with us from day one. You merely don't know our history.

    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 ocean515 View Post
    Business produces things they hope they can sell. Demand is created all the time. If business only produced what they can sell, innovation wouldn't exist. That's the flaw with the current emphasis on demand. The never ending chicken/egg argument.

    Obviously, a company doesn't want dead inventory, but it happens. Many manufacturers sell products at a loss, so that other products they produce can be sold at a sufficient profit to benefit the entire enterprise.

    Think about it, the automobile was a gamble, as was the personal computer. Cells phones carried enormous risk, considering mobile phones had existed for some time prior to companies "betting the farm" with investments in cell towers and the rest of the required infrastructure.

    Capital sitting idle is the worst thing for a company, it must be put to work. But why are so many sitting on such big profits? The demand siders would suggest they need to pay their workers more, and hire a bunch of people so demand will pick up, and the economy will grow.

    With so much economic uncertainty, why would a company do that? Obamacare is real, and it's a major concern. Energy continues to be a variable that is a significant issue.

    At present, it takes @$300,000 in revenue to sucessfully cover the annual cost of an employee being paid $15+/hr. Do you know how much it costs to raise revenue by $300,000?

    Lot's of variables that charts, and theories, and statistics have a difficult time defining.
    Good morning, ocean515.

    Great post! Having semi-retired from a Fortune 500 company, I find your posts to be among the best on here. It's great to hear from a businessman who is out there fighting in the trenches on a daily basis, and understands what he sees! It's unfortunate that BHO doesn't have more like you in his administration, because making it difficult for businesses to succeed is not the way to go, as we are seeing! :

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

    Quote Originally Posted by DA60 View Post
    How can economists be so pathetic as to look at the basic numbers of this report and not read the details?

    How can a job report with full time jobs lost, most of the new jobs are part-time and/or unskilled AND the U-6 rises 0.5% as anything but a negative?

    Yet Wall Street seemed to generally like it because all they saw was the 195,000 number and the fact the U-3 did not go down.

    The more I follow Wall Street...the dumber it looks to me (with notable exceptions).

    And don't even get me started on 'economists' and/or the macroeconomic, bean counter morons at the Fed.
    It is called being lazy which is another quality of liberalism

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

    Quote Originally Posted by Boo Radley View Post
    But it was. Restrictions, regulations, all have been with us from day one. You merely don't know our history.
    Yes, regulations are necessary but when do regulations become too plentiful and destroy incentive along with economic growth? Without economic growth there are too many people dependent on the taxpayers and no jobs created. That is what we are seeing right now, a stagnant economy that isn't creating enough jobs so what is Obama's answer? more regulations.

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

    Quote Originally Posted by ocean515 View Post
    Now you understand.

    When you learn to control your bias, you will be able to read what somebody has posted, rather than allow your brain to insert what isn't there.
    I understand that you were searching for an escape for your position. It doesn't change the fact that your view of manufacturing declines in the US was inaccurate.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by Conservative View Post
    Yes, regulations are necessary but when do regulations become too plentiful and destroy incentive along with economic growth? Without economic growth there are too many people dependent on the taxpayers and no jobs created. That is what we are seeing right now, a stagnant economy that isn't creating enough jobs so what is Obama's answer? more regulations.
    Not sure if any line. But each regulation must be viewed on its own as to whether it is needed or not. Too many is subjective. Objectively each must be weighted by need.

    But our problem isn't the regulations. Our economy was thriving with as many or more. Deregulation may well have led to some of our problems. You don't clearly see all the different issues we face, so you approach it too simplistically, which ultimately means you have wrong.

    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
    It is called being lazy which is another quality of liberalism
    is judical activism a activity of laziness? because conservatives i notice love to accuse liberal judges for being judicially active

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

    Quote Originally Posted by ocean515 View Post
    Actually, what is evident to all, is your dishonest argument.

    I posted a quite factual, and quite literal, statement claiming thousands of FACTORIES had closed since FDR. If you checked the post I was replying to, FACTORIES was used in the claim.

    You, quite dishonestly, perverted that statment into something about EMPLOYMENT, which I never mentioned.

    When you learn to debate, I might consider investing more time doing so. In the mean time, I see no point.
    This is beyond stupid, the point wasn't buildings, it was jobs, EMPLOYMENT.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by polgara View Post
    Good morning, ocean515.

    Great post! Having semi-retired from a Fortune 500 company, I find your posts to be among the best on here. It's great to hear from a businessman who is out there fighting in the trenches on a daily basis, and understands what he sees! It's unfortunate that BHO doesn't have more like you in his administration, because making it difficult for businesses to succeed is not the way to go, as we are seeing! :
    Hi Polgara

    Such kind words.

    It's unfortunate that the folks in the trenches are used by the liberal/progressive factions as punching bags, so they can distract from the questionable things they are trying to do.

    It baffles me that with so many business people singing the same chorus about regulations and other impediments to their business growth, their voices are ignored.

    Oh well, I guess that just needs to run it's course.

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