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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 Conservative View Post
    When Reagan spent money we got over 17 million jobs and a GDP that doubled. What have we gotten out of Obama's 6.2 trillion dollar debt?
    Still lying, hey, Con?

    Here are the real GDP numbers:

    1980: 5,834.0
    1988: 7,607.4

    Actual gain: 30% (i.e., not double)

    http://www.bea.gov/national/xls/gdplev.xls

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Still lying, hey, Con?

    Here are the real GDP numbers:

    1980: 5,834.0
    1988: 7,607.4

    Actual gain: 30% (i.e., not double)

    http://www.bea.gov/national/xls/gdplev.xls
    I'll bet that much of the GDP gain would be in the area of weapons systems.

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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.
    Aw, yes, the new liberal normal, high debt, high unemployment, low economic growth, and low expectations. You must be so proud. Interesting how all those jobs added have led to 177,000 fewer people on unemployment vs. when Obama took office. Yes, that is a success to a liberal and fixing the mess.

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

    Quote Originally Posted by pbrauer View Post
    I'll bet that much of the GDP gain would be in the area of weapons systems.
    Right, and people don't work in the defense industry. All those evil corporations and business that don't hire people or aren't run by people. Yes, the new liberal normal, demonize the engine that drives our economy. Love how liberals love percentage change and inflation adjusted numbers ignoring that expenses and revenue during the time frame are what people have, what people spend thus is irrelevant today.

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

    Quote Originally Posted by Conservative View Post
    Right, and people don't work in the defense industry.
    Nobody said that. It is just hypocritical to make claims about Reagan's job creation of government (quasi) subsidized industry, while making arguments which in essence equate to: the deficit kills jobs!
    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
    Aw, yes, the new liberal normal, high debt, high unemployment, low economic growth, and low expectations. You must be so proud. Interesting how all those jobs added have led to 177,000 fewer people on unemployment vs. when Obama took office. Yes, that is a success to a liberal and fixing the mess.
    That is what happens when an administration inherits the type of economic downturn that comes along once in a century.
    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 Kushinator View Post
    Nobody said that. It is just hypocritical to make claims about Reagan's job creation of government (quasi) subsidized industry, while making arguments which in essence equate to: the deficit kills jobs!
    what is hypocritical are books smart liberals who get all their information out of a textbook and then ignore actual data from verifiable sites all in an attempt to justify a failed ideology and Presidency. Whatever Reagan did doesn't have any impact on what Obama is doing today because Obama is too arrogant to take the good that Reagan did with his leadership skills and implement them now. The new liberal normal is as I described it and the throwing of taxpayer money down the rat hole of green energy and Obamacare is a legacy liberals will never live down and hopefully the country will survive.

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

    Quote Originally Posted by Kushinator View Post
    That is what happens when an administration inherits the type of economic downturn that comes along once in a century.
    Reagan survived it through leadership and positive economic policies not micromanaging of an economy that Obama and liberals don't understand.

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

    Quote Originally Posted by Conservative View Post
    Reagan survived it through leadership and positive economic policies not micromanaging of an economy that Obama and liberals don't understand.
    Reagan didn't inherit the type of economic downturn that occurs once a century. Hoover did; but it didn't work out too good for him.
    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 pinqy View Post
    ... Huh? Marginally Attached and Discouraged are not included in the 11.8 million unemployed, so you can't take them out. I have no idea what "not really trying is." If you're willing, available and trying to work, you're unemployed. If you're not trying to work, you're not. The object is to measure the labor market. People not trying to get a job are not in the labor market.
    Only because you choose to accept the government and "business" definition of unemployment, which avoids addressing the potential problems of Hidden Unemployment when considering effects of eliminating a minimum wage. (see Unemployment - Wikipedia, the free encyclopedia and Hidden unemployment | Define Hidden unemployment at Dictionary.com)

    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. Okay, it's obviously their fault so they can't be unemployed.

    Quote Originally Posted by pinqy View Post
    No, if they were seeking work, they would be classified as unemployed (assuming they were actually available).
    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."

    Quote Originally Posted by pinqy View Post
    Monthly sample survey of 60,000 households conducted by the Census Bureau.
    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.

    Quote Originally Posted by pinqy View Post
    It means that for the month in question, they were not trying to work. When/if they start looking, they'll be picked up in the data for the next month.
    Really? So do they sample the same 60,000 people each month? Is this like those Nielsen Ratings? LOL

    Quote Originally Posted by pinqy View Post
    But you've admitted you don't know how the data is actually collected and correlated. How can you decide they're wrong, if you don't even know what they do?
    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.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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