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Thread: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    I don't trust an administration that comes out with miracles every August just in time for election day. Summer hires are not permanent employment, but that doesn't stop Obama putting out a false narrative like he does for most all his politics. He's playing politics every single day, he can't be trusted.
    What summer miracles are you talking about? BLS recognizes that summer hires aren't permanent, and so seasonally adjusts the headline numbers. And BLS isn't partisan. I've known a few people do rotations there and they're gearheads who get excited about econometrics and statistical sampling techniques, not political operatives.

    Or what pinqy said.... which I didn't see before posting.

    Finally, yes, it's clear you don't like Obama.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by JasperL View Post
    What summer miracles are you talking about? BLS recognizes that summer hires aren't permanent, and so seasonally adjusts the headline numbers. And BLS isn't partisan. I've known a few people do rotations there and they're gearheads who get excited about econometrics and statistical sampling techniques, not political operatives.

    Or what pinqy said.... which I didn't see before posting.

    Finally, yes, it's clear you don't like Obama.
    It should be since I've never hidden that fact.
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    It should be since I've never hidden that fact.
    The point was you're letting partisanship get in the way of analysis. BLS is putting out the numbers, not the Obama political operatives.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Hari Seldon View Post
    Got it , the Federal Reserve lacks credibility. I guess The Daily Caller would have been a better source. Sorry.

    Fannie Mae reported net income of $3.7 Billion for the 2nd qtr 2014, $17 Billion in 2012 and $84 Billion in 2013. The Treasury is doing quite well on their investment. Like GM they have recovered nicely and have improved their standards and operations. The credit union I work for sells directly to them and they are quite diligent with what they buy along with monthly reporting and settlements. If they scrutinize our small portfolio and we are a drop in the bucket of their $3.3 Trillion Balance Sheet. The government taking them over was a good thing and us being able to sell mortgages enables us to do more loans. I wonder if I can find those CATO Institute opinions that claimed the GSE's weren't doing enough for low income buyers. Too funny.

    LMAO !!!

    Fannie and Freddie posting a " PROFIT " ???

    Are you ok ? Becaise thats the most ridiculous thing you've ever said on this forum.

    Yes, its real easy to " post profits " when the Federal Reserve is buying 1.5 Trillion dollars of your trash debt at 40 Billion a month

    Hey, its real easy to " post a profit " when they dont have to count the over 5 TRILLION DOLLARS IN DEBT thats currently in their portfolios.

    Lol !!.......do you actually understand the concept of PROFIT ?

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    I know how to read a financial statement. I guess you don't.
    Never let your sense of morals get in the way of doing what's right.
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Hari Seldon View Post
    I know how to read a financial statement. I guess you don't.

    LOL !!! Apparently you do NOT know how to read a financial statement.

    And even if you did, Fannie and Freddie haven't released a REAL Financial statement in YEARS.

    But keep telling us Fannie and Freddie are making a " profit ". You're cracking me up !

    Please keep exposing your ignorance and keep embarrassing yourself by claiming that the two most corrupt Financial Agencies involved in the Subprime mortgage crisis, the only two investigated by the SEC for their actions...twice, that were declared INSOLVENT in 2008 holding over 5 TRILLION dollars in debt are now making a " profit ".

    Hey, I think Ill start a bussiness. Ill mow lawns for people.

    So if I spend 10 thousand dollars on equipment and a trailer and then go out and make 500 bucks the next day, thats all " PROFIT " !! LOL !

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Fenton View Post
    LOL !!!
    I'm still LOLing that in your zeal to blame democrats you believe debt and housing bubbles in
    Belgium,
    Spain,
    Iceland,
    UK,
    Netherlands,
    Ireland,
    Australia,
    Norway,
    Canada,
    France,
    Italy, and
    U.S.A.

    (in order of biggest bubble to smallest, with the U.S. at the bottom of that scale)

    all blew up and burst nearly on the same timeline and were all independent events. Either that or CRA reached nearly all of Europe! Also too that banks whose stock prices were ticking off all time highs, and bankers taking home 6, 7, 8 and 9 figures were "forced" to make the loans they begged people to make.
    Last edited by JasperL; 09-09-14 at 07:36 PM.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by JasperL View Post
    I'm still LOLing that in your zeal to blame democrats you believe debt and housing bubbles in
    Belgium,
    Spain,
    Iceland,
    UK,
    Netherlands,
    Ireland,
    Australia,
    Norway,
    Canada,
    France, and
    Italy

    all blew up and burst nearly on the same timeline and were all independent events. Either that or CRA reached nearly all of Europe!
    Now I'm " LOLing " at your level of intellectual laziness.

    At your assumption based ignorance that because they all happened more or less at the same time that they just had to be connected. At your ridiculous mitigation's and partisan excuses based on your arbitrary metric.


    That America's Sub-prime crisis can't be researched on its own because other Nations entered into their own credit bubbles.
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    His little chart shows those on disability, Social security, living off student loans that won't be repaid, but not on section 8 subsidies, EBT (45 million strong hand outs ) or free phone, subsidized electricity, transportation, health care etc.

    Quote Originally Posted by upsideguy View Post
    In English, please?

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low | CNS News




    The number of those not unemployed, but employable and not working seems to be going up. This is a crisis in my opinion.
    OK, even if you believe that the decrease in labor participation rate is attributable to the large numbers of baby boomers retiring (I really don't believe that, but just let's just accept that premise for a moment), that doesn't make it any less a crisis, as there are fewer and fewer people working and putting into the system from which all these retirees are drawing. There's a limit to what the workers can provide to the retirees is there not?
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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