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Thread: Unemployment dips to 8.9 pct., 192K jobs added

  1. #361
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by Conservative View Post
    The CBO is respected only when it comes to the conclusion that liberals want, when it contradicts that liberal opinion the CBO is ignored.
    Seems you forgot about Bush's prescription drug program...same **** happened back then as now.

  2. #362
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by StillBallin75 View Post
    Seems you forgot about Bush's prescription drug program...same **** happened back then as now.
    CBO always makes projections based upon what the Congress tells them. Any idea how accurate CBO projections are? The further out the projections the less accurate.

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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by StillBallin75 View Post
    Seems you forgot about Bush's prescription drug program...same **** happened back then as now.
    Except for the actual results. Comparing what Bush implemented to Obamacare however is quite a stretch. Bush interjected competition and free markets into the Prescription Drug program

    Bush drug plan beats cost mark - Washington Times

  4. #364
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by Redress View Post
    So all you have to counter the numbers is unsubstantiated conspiracy nonsense. The will to believe what you want is strong in you.

    Unsubstantiated conspiracy? I beg your pardon....Remember:

    Jesus. This is wildly inappropriate.

    After a week in which Doug Elmendorf, the head of the nonpartisan Congressional Budget Office, said that Congressional health care overhauls would balloon federal health care obligations by $240 billion over the next decade, the President Obama called him into the Oval Office for a little chat.

    But Elmendorf didn't just get leaned on by the president. He was outnumbered by something like 10-1

    CBO Chief Called Into the Principal's Oval Office | Rolling Stone Politics | National Affairs | Tim Dickinson on Political News

    Yeah, sure you do.....


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  5. #365
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by Redress View Post
    Like your claim that the number of discouraged workers is how many become discouraged each month, or pointing to increased revenue after the Bush tax cuts as proof that tax cuts generate revenue.
    So I guess you cannot find where I manipulated the charts which of course I knew.

  6. #366
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by Conservative View Post
    CBO always makes projections based upon what the Congress tells them. Any idea how accurate CBO projections are? The further out the projections the less accurate.

    Absolutely!

    From Elmendorf's own blog:

    Sometimes, however, the pace of legislative activity does not allow time for a careful review of the specific language of a lengthy bill. Therefore, we sometimes provide preliminary analyses of legislation based on specifications given to us by committee or leadership staff. In those cases—for example, our preliminary analysis of health care legislation introduced in the House of Representatives in October 2009—we state clearly the limitations of that analysis compared with a standard formal cost estimate (in this case, noting that “the agency has not thoroughly reviewed the introduced legislation”).

    Director's Blog About CBO
    Yes, sometimes it's just a guess on numbers provided him in this instance by Pelosi, Reid, and Obama....Just peachy.


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    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  7. #367
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by j-mac View Post
    Absolutely!

    From Elmendorf's own blog:



    Yes, sometimes it's just a guess on numbers provided him in this instance by Pelosi, Reid, and Obama....Just peachy.


    j-mac
    Cherries pick much? If you would have gone a bit further down in his blog, you would have found this link to another of his blogs .

    Director's Blog Blog Archive The Effects of Health Reform on the Federal Budget



    Where he had this to say.



    In combination, the initial legislation and the subsequent reconciliation act that modified it will generate changes in direct spending and revenue that will reduce federal deficits by $143 billion during the 2010-2019 period.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  8. #368
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by donc View Post
    Cherries pick much? If you would have gone a bit further down in his blog, you would have found this link to another of his blogs .

    Director's Blog Blog Archive The Effects of Health Reform on the Federal Budget



    Where he had this to say.



    In combination, the initial legislation and the subsequent reconciliation act that modified it will generate changes in direct spending and revenue that will reduce federal deficits by $143 billion during the 2010-2019 period.

    BAWAHAAAA! Was that before or after the "chat" Obama and ten of his goons, ahem, I mean aids had with Elmendorf? Hahahaha.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  9. #369
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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by Conservative View Post
    Does it matter whether or not they are monthly or cumulative? My question is why are all the other numbers monthly but discouraged workers cumulative? I believe they are monthly and posted why. Whether or not they are is irrelevant as they are dropped from being counted as unemployed.

    You claimed I manipulated the chart when the reality is the information is as I posted. Reducing the unemployment by a million is going to do what to the unemployment rate?
    It's a huge difference. They posted the number, while you claimed that was the change in the number, two totally different things. Let's say we look at employment for the last three years, theoretical scenario.
    Year 1 - 178
    Year 2 - 189
    Year 3 - 165
    If this showed change in, it would be fantastic - a 165 person growth in year 3! On the other hand, if it shows the number of employed, it means a drop of 24 people, which is not so good.
    Give a man a fish, or he will destroy the only existing vial of antidote.

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    Re: Unemployment dips to 8.9 pct., 192K jobs added

    Quote Originally Posted by iamitter View Post
    It's a huge difference. They posted the number, while you claimed that was the change in the number, two totally different things. Let's say we look at employment for the last three years, theoretical scenario.
    Year 1 - 178
    Year 2 - 189
    Year 3 - 165
    If this showed change in, it would be fantastic - a 165 person growth in year 3! On the other hand, if it shows the number of employed, it means a drop of 24 people, which is not so good.
    That is why I always prefer employment numbers to unemployment numbers but responded to this thread because it is about unemployment. Do you acknowledge that discouraged workers aren't counted as unemployed? The number for February was one million and if you take one million out of the unemployed what do you expect the rate to do?

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