Unemployement Drops: Legitimate or Not?

poweRob said:

Another Conservative disingenuous stat. Obama didn't "generate" 5.4 trillion dollars to the debt. That is simply a matter of actually counting numbers that Bush was hiding. The bulk of that debt already existed... it merely was not put in the budget by the previous administration. What you are basically doing is blaming a politician who decided to be more honest with the numbers.

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LMFAO... you're so right... they weren't on budget... They were financed from the debt... So how is it in your mind that they wouldn't appear in the debt number?!?

Where do you think he was hiding these costs? On IOUs in a piggy bank he left under the mattress in the Lincoln Bedroom?

You're really grasping at straws now...

Something you're going to have to come to grips with... Obama increased the debt from $10.6T to what is right now $16.15T and rising by about $100B per month...

With at least 3.5 more months before the end of his presidency... thats another $350B to add to this... and it's likely to be $16.5T in January... that would be $5.9T in debt added in just 1 presidential term... (psst Bush increased it by $4.9T over 2 terms... even with all those things you mentioned...)


What are you going to turn to next... a false claim that Romney wants to create $5T in tax cuts for the wealty only? That Paul Ryan wants to shove grandmothers over a cliff? That if Romney is elected poor Sandra Fluke won't be able to get birth control? Oh, wait... I know... it's going to be that the debate wasn't fair because Obama wasn't able to wear his Superman underoos outside of his pants during it... :roll:

The Barbarian said:

I really don't want to get into the numbers game too deeply .. but I will say this .. numbers can be screwed around to say whatever ... here is a classic example of what I mean ...

Three men go to a motel and rent a room. The deskman charges them $30
for the room. The manager of the motel comes in and says that the
deskman has charged them too much, that it should only be $25.

The manager then goes to the cash drawer and gets five $1.00 bills,
and has the bellboy take the money back to the three men. On his way
up to the room, the bellboy decides to give each of the men only one
dollar apiece back and keep the other two dollars for himself.

Now that each one of the men has received one dollar back this means
that they only paid $9.00 apiece for the room. So three times the
$9.00 is 27.00 plus the $2.00 the bellboy kept comes to $29. Where is
the other dollar?

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that is a classic method of someone not knowing how to do math. The reality of the situation is romney and the republicans made this jobs report epic despite it being just normal. Had the jobs report come out and said unemployment dropped from 8.6 to 8.3 that simply would not be that impressive. This is for the same reason most retail places charge you .99 cents instead of a dollar. there is a psychological perception of a change in the left digits over the right ones. Still in this case it is only .3 percent which is not out of the ordinary for the present recovery. It looks big because republicans have hyped up the 8 percent boundary and that was finally crossed. Obama crossed the line in the sand they drew, and that was a big victory for him. It was not really a great increase or a huge step forward other than being a psychological point created as a boundary for him.

Now after all that work that the republicans did to claim he is a loser because he did not get unemployment back up to where it was when he took office, that climb is over. He made it to that goal. He accompluished their goal and took away their most vocal point that he could not recover things to the beginning of his presidency. now he can claim we are better off today than when he took office because he brought us back to that level, and they have lost their arbitrary number out of context. If you know math you know this number was not a great leap. if you know the recovery we have been having you know this is not a huge leap forward. it is all just our economy steadily plodding upward which it has been doing for the past 2 years under obama. Now the republicans have to shift to the idea that theyc an do better while obama has sucked a good part of the wind out of Mitten's best campaign success with his own big acheivement as defined by his opponents.

The best republicans can do is to start up their rumors obama cooked the books he never had access to.

LowDown said:

Sorry, but you are wrong. This is the biggest monthly increase in employment since 1983, if the figures are to be trusted. It represents 873,000 new jobs in one month.

I find the figures unbelievable because Gallup's unemployment poll numbers are unchanged and because this administration has been thoroughly unreliable and cynical when it comes to such manipulation. Witness their attempts to suppress defense layoffs.

Don't attribute to my dishonesty what is more readily explained by your own ignorance.

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these reports have considerable influence on the financial markets, which is why they are released precisely at 8:30 am on the first friday of the month. No leaks. The methodology used may indeed be flawed, but it is the same measuring stick that has been used for decades with a minor tweek here and there.

The overwhelming consensus of the knowledgable is that no administration can influence these reports. If they could, you'd think that any number of administrations would have done it, which history shows did not happen.

It would essentially be the administration manipulating the financial markets, and I don't know about you, but it seems pretty far fetched that nobody has cottoned on to it in decades until the BLS issues a report that is favourable to the incumbent at a coincendentally favourable time.

tererun said:

Again, it is an improvement as the economy was dropping when he took office and now it is going up. Plus, if you are going to chose to see what obama did you should look at where the unemployment bottomed out from the bush recession. It was over 10 percent when it finally turned around. So Obama has actually lowered unemployment by over 2 percent during his term. The unemployment numbers at the end of bush's term did not just stop dropping because someone new was in office. Even if mccin was elected we would have seen the numbers keep going down in his first year because we were going into a recession.

This sort of misinformation you are spreading is taking the reality of the situation out of context. For instance, let us say 4 years ago I had 2 million dollars in cash, and 4 million in debt. Would I be better off today if i had 2 million in cash and 2 million in debt? Of course I would. You are trying to take snapshots and compare them without taking the entire situation into account and that is downright dishonest. Whoever you are for or not doesn't make a difference, it is just plainly misinforming people, and it is bad logic. We are in bwetter shape today than when Obama took office in relation to the economy and jobs. Your point does nothing honest to confront that point.

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Lets take your own example .. 4 million in debt . 2 million on hand .. Now I don’t care what happens in between .. If today 4 years later you are still 4 million in debt .. With 2 million on hand are you any better off ??


In you comparison you decreased your debt by 2 million …. And we haven’t done that .. With unemployment . We are right back where we started from .. So to make your debt to cash ratio equal .. It would have to be the same as it was 4 years ago .. Not 2 million less ..


I’m not placing blame .. I’m not pointing fingers .. It doesn’t matter if unemployment bottomed out at 7.8% immediately .. . Then rose a year later .. And came down from there .. It doesn’t matter .. Right now at this time .. We are exactly where we were 43 months ago . . In terms of unemployment. So we right now are no better off then when were were when he took office ..


The only thing you have .. Is maybe the worst is behind us … and things are getting better .. Each and everyone of us will have differing opinions on that .. My personal opinion is we better watch out .. I believe our economy is built on a house of cards, the fed’s are printing money like it going out of style .. 20% of the revenue the government collects from taxes goes to just pay interest on our debt, and from all I can find that debt is slated to grow at nearly a trillion dollars a year. .. The middle class is shrinking, poverty is growing, home values (I hope) are finally starting to lift a tiny bit. Banks aren’t out of the water yet .. They are being propped up by 0% interest loans … these banks aren't lending the money so what are they doing with it. Something has to give .. …. When it does I think it’s going to be just as bad as 2008


That is just my own opinion, and I pray I’m wrong.

Cole said:

Is curiously fascinating a valid answer...??

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What is so fascinating about that number? Let us consider a few points here. Jobs have been growing steadily for over 2 years so job growth is not out of the ordinary. Over those years we have seen numbers like . 2 - .4 percent happen. So it is not a big job increase. We have seen unemployment way below 7.8 percent so that number is not extraordinary in any way. Given constant job growth and that the rate was 8.1 percent it is not even odd that it dropped below 8 percent.

So what is so fascinating about a pretty standard jobs report showing the same standard growth, and the only real accomplishment is it going below an arbitrary number created by republicans? The only reason this report had any real meaning is that the republicans kept using it despite it being clear it was going to be overcome in Obama's presidency.

The Barbarian said:

Lets take your own example .. 4 million in debt . 2 million on hand .. Now I don’t care what happens in between .. If today 4 years later you are still 4 million in debt .. With 2 million on hand are you any better off ??

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You would have a point if we were losing 800 thousand jobs a month today, but the job report shows we are adding jobs. You are talking about losing 800 thousand and gaining over 100 thousand as if they are the same thing, which they clearly are not, and you just cannot throw that point out unless you are trying to ignore it because you are misrepresenting the facts. Now let us go back to the real point. If i gave you two financial positions to chose from the first being you had 10 million dollars and were losing 800 thousand a month, or that you had 10 million and were gaining 100 thousand a month which would you chose? According to your logic they are the same and it doesn't matter, but we all know you would be stupid to chose the first one.

The Barbarian said:

In you comparison you decreased your debt by 2 million …. And we haven’t done that .. With unemployment . We are right back where we started from .. So to make your debt to cash ratio equal .. It would have to be the same as it was 4 years ago .. Not 2 million less ..

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Well, I explained it better for the person being intentionally obtuse. BTW that is a compliment assuming the other option is you are too stupid to see the difference in the situation. I am just assuming you are ignoring the reality t6o try and hold onto a poor point on your part.

i will tell you that it is much better to be in a country with 7.8 percent unemployment that is gaining jobs over a country that was at 7.8 unemployment and losing 800 thousand jobs a month. Your claims that we are in the same place just are not going to do any good for anyone who can make such an easy conclusion on their own. The only people your logic works on are the people who cannot admit obama has done anything and want to ignore the fact we are in a much better place than we were 4 years ago. The argument that obama has not done anything, or that he has made things worse is just a lie.

The Barbarian said:

I’m not placing blame .. I’m not pointing fingers .. It doesn’t matter if unemployment bottomed out at 7.8% immediately .. . Then rose a year later .. And came down from there .. It doesn’t matter .. Right now at this time .. We are exactly where we were 43 months ago . . In terms of unemployment. So we right now are no better off then when were were when he took office ..

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Under your logic the guy free falling through the air is in the same position as the guy right next to him in an elevator going up watching him fall. You can try to claim what you want about that being an unbiased statement, but it clearly is not. It is a statement made to mislead people and to misrepresent the reality of the situation. But if you want to jump off the building and pretend the fall doesn't matter than that is your choice. I would advise against it, but no one can stop you from that. just don't tell me you are better off plummeting towards the bottom of the hole.

The Barbarian said:

The only thing you have .. Is maybe the worst is behind us … and things are getting better .. Each and everyone of us will have differing opinions on that .. My personal opinion is we better watch out .. I believe our economy is built on a house of cards, the fed’s are printing money like it going out of style .. 20% of the revenue the government collects from taxes goes to just pay interest on our debt, and from all I can find that debt is slated to grow at nearly a trillion dollars a year. .. The middle class is shrinking, poverty is growing, home values (I hope) are finally starting to lift a tiny bit. Banks aren’t out of the water yet .. They are being propped up by 0% interest loans … these banks aren't lending the money so what are they doing with it. Something has to give .. …. When it does I think it’s going to be just as bad as 2008

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That is a different argument entirely. Now you are talking about future predictions and not comparing this moment that exists to a past moment that existed. Now you are trying to tell us the future will be worse. That might be the case, but i have serious problems with your judgment when you cannot figure out that recovery is better than free fall.

The Barbarian said:

That is just my own opinion, and I pray I’m wrong.

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praying is nice but I prefer someone with a plan that is working, and not someone who wants to pray things get better, and whos only plans seem to be to jump off the building again.

tererun said:

You would have a point if we were losing 800 thousand jobs a month today, but the job report shows we are adding jobs. You are talking about losing 800 thousand and gaining over 100 thousand as if they are the same thing, which they clearly are not, and you just cannot throw that point out unless you are trying to ignore it because you are misrepresenting the facts. Now let us go back to the real point. If i gave you two financial positions to chose from the first being you had 10 million dollars and were losing 800 thousand a month, or that you had 10 million and were gaining 100 thousand a month which would you chose? According to your logic they are the same and it doesn't matter, but we all know you would be stupid to chose the first one.



Well, I explained it better for the person being intentionally obtuse. BTW that is a compliment assuming the other option is you are too stupid to see the difference in the situation. I am just assuming you are ignoring the reality t6o try and hold onto a poor point on your part.

i will tell you that it is much better to be in a country with 7.8 percent unemployment that is gaining jobs over a country that was at 7.8 unemployment and losing 800 thousand jobs a month. Your claims that we are in the same place just are not going to do any good for anyone who can make such an easy conclusion on their own. The only people your logic works on are the people who cannot admit obama has done anything and want to ignore the fact we are in a much better place than we were 4 years ago. The argument that obama has not done anything, or that he has made things worse is just a lie.



Under your logic the guy free falling through the air is in the same position as the guy right next to him in an elevator going up watching him fall. You can try to claim what you want about that being an unbiased statement, but it clearly is not. It is a statement made to mislead people and to misrepresent the reality of the situation. But if you want to jump off the building and pretend the fall doesn't matter than that is your choice. I would advise against it, but no one can stop you from that. just don't tell me you are better off plummeting towards the bottom of the hole.



That is a different argument entirely. Now you are talking about future predictions and not comparing this moment that exists to a past moment that existed. Now you are trying to tell us the future will be worse. That might be the case, but i have serious problems with your judgment when you cannot figure out that recovery is better than free fall.



praying is nice but I prefer someone with a plan that is working, and not someone who wants to pray things get better, and whos only plans seem to be to jump off the building again.

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*LOL* okay I concede ... 7.8% is better then 7.8% ... you win..... any reasonal person can see the difference between those two numbers.


oh btw of that ten million you now have .. can I borrow 3 million ... I'll pay you back that 3 million in 43 months .. and you will much better off ..

Jonsa said:

these reports have considerable influence on the financial markets, which is why they are released precisely at 8:30 am on the first friday of the month. No leaks. The methodology used may indeed be flawed, but it is the same measuring stick that has been used for decades with a minor tweek here and there.

The overwhelming consensus of the knowledgable is that no administration can influence these reports. If they could, you'd think that any number of administrations would have done it, which history shows did not happen.

It would essentially be the administration manipulating the financial markets, and I don't know about you, but it seems pretty far fetched that nobody has cottoned on to it in decades until the BLS issues a report that is favourable to the incumbent at a coincendentally favourable time.

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So the market, S&P and NASDAQ were down today. So what does that tell you about what the financial markets think of this surging economy.

The Barbarian said:

*LOL* okay I concede ... 7.8% is better then 7.8% ... you win..... any reasonal person can see the difference between those two numbers.


oh btw of that ten million you now have .. can I borrow 3 million ... I'll pay you back that 3 million in 43 months .. and you will much better off ..

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glad you see I am right, and don't worry the passive agressive attempt to run away from my point that keeps on proving you wrong is noted.

tererun said:

glad you see I am right, and don't worry the passive agressive attempt to run away from my point that keeps on proving you wrong is noted.

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What ever you say ... As for running away ... sorry I just don't find it that much fun to debate with someone that thinks 7.8% in Jan of 2009 is better then 7.8% in Sept of 2012 ... must just be Me

The Barbarian said:

What ever you say ... As for running away ... sorry I just don't find it that much fun to debate with someone that thinks 7.8% in Jan of 2009 is better then 7.8% in Sept of 2012 ... must just be Me

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I agree having me constantly swat you on reality instead of taking things out of context like you are doing here was probably tough on you. But part of the thing about ending it is that you actually end it. You are just trying to make the claim at this point that 7.8 percent in a recovering economy is the same as 7.8 percent in a crashing economy and it simply isn't. So either continue to argue it, or stop arguing it. It is just a load of **** that you are supposedly stopping the argument.

believe me, i am up for a few more rounds of whack the hell out of your cowpie.

tererun said:

I agree having me constantly swat you on reality instead of taking things out of context like you are doing here was probably tough on you. But part of the thing about ending it is that you actually end it. You are just trying to make the claim at this point that 7.8 percent in a recovering economy is the same as 7.8 percent in a crashing economy and it simply isn't. So either continue to argue it, or stop arguing it. It is just a load of **** that you are supposedly stopping the argument.

believe me, i am up for a few more rounds of whack the hell out of your cowpie.

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Believe Me if you had anything intelligent to say .. I would stay ...you don't .. here is a summary for your simple mind



This is your first post I responded too




It is terrible news for Romney because in the final month of the campaigning Obama has great employment news.




I simply asked you a very simple question, if 7.8% unemployment is so great then why complain about Bush
7.8% when he left office.


Since that time I've asked you the same thing over and over . . Is 7.8% in 2009 worse then 7.8% in 2012
I didn't ask you about trends .. or comparisons I stated a very simple "fact" we are at the same unemployment
rate now that we were when Obama took over. You are the one that is choosing to alter a simple
fact, with spin to suit what you want to view that number as progress. But that doesn't change the fact that it
took 43 months to get back to where we started we are at 7.8% today, and that is the same place we were when
he sat his butt down in the white house that first day. 43 months, 750 billion dollars (the stimulus) later we are
back to even. that doesn't misrepresent the facts ... those are the facts.


It's another simple fact that 20 years from now Obama will be judged by the numbers when he took office compared
to the numbers when he leaves. Just as every other president in history has been judged. You might not like that
..... and that's just too bad .. it's the way things are.


I understand your need to pump up Obama, that is what a hard left liberal feels they must do, and your hatred
of the right shines though in every post.

Now I'm sorry that your education hasn't taken you further along .. that your can't understand that 7.8% is no better then 7.8%
there is nothing I can do about that ... well other then give up .. and tell you so you can feel better that your right .. the 7.8% is a much better
number in 2012 then it was in 2009 Hey if that is what you think ... . think it .. doesn't alter the fact those two numbers happen to be equal

The Barbarian said:

Believe Me if you had anything intelligent to say .. I would stay ...you don't .. here is a summary for your simple mind



This is your first post I responded too




It is terrible news for Romney because in the final month of the campaigning Obama has great employment news.




I simply asked you a very simple question, if 7.8% unemployment is so great then why complain about Bush
7.8% when he left office.

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Again you are not looking at the relative position. If you are talking about 2008 when we were in a free fall economy and 7.8 was the number we reached as we were falling then it is bad, but now as we are rising to 7.8 unemployment things are getting better and looking up. I don't see why that is so hard to understand. I would take this position over that position any day.

The Barbarian said:

Since that time I've asked you the same thing over and over . . Is 7.8% in 2009 worse then 7.8% in 2012
I didn't ask you about trends .. or comparisons I stated a very simple "fact" we are at the same unemployment
rate now that we were when Obama took over. You are the one that is choosing to alter a simple
fact, with spin to suit what you want to view that number as progress. But that doesn't change the fact that it
took 43 months to get back to where we started we are at 7.8% today, and that is the same place we were when
he sat his butt down in the white house that first day. 43 months, 750 billion dollars (the stimulus) later we are
back to even. that doesn't misrepresent the facts ... those are the facts.

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yes, he had to do something to stop the fall. It also worked so now we have rising employment. because of that we will have rising tax revenue.

The Barbarian said:

It's another simple fact that 20 years from now Obama will be judged by the numbers when he took office compared
to the numbers when he leaves. Just as every other president in history has been judged. You might not like that
..... and that's just too bad .. it's the way things are.

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True, but you cannot make that judgment today despite your attempts to. That is the same for any president.

The Barbarian said:

I understand your need to pump up Obama, that is what a hard left liberal feels they must do, and your hatred
of the right shines though in every post.

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Actually I don't need to pump up Obama in this case. It is not even that great of a lowering of unemployment. It is going on the steady pace we have been doing for the past few years, and that has been at a steady rise. It is you who is trying to cut down the rather predictable numbers. Ity is Romney who claims he can do much better with no plan. As a true conservative I would stay the course of steady improvement rather than rocking the boat with radical plans to get better movement from it. If unemployment stagnates then do something. However, a downward trend of unemployment is something to continue and ride out, from a conservative point of view.

The Barbarian said:

Now I'm sorry that your education hasn't taken you further along .. that your can't understand that 7.8% is no better then 7.8%
there is nothing I can do about that ... well other then give up .. and tell you so you can feel better that your right .. the 7.8% is a much better
number in 2012 then it was in 2009 Hey if that is what you think ... . think it .. doesn't alter the fact those two numbers happen to be equal

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Yes, I was in class when they taught the basics and showed us numbers taken out of the environment. Those numbers have their place but a point does not give direction. You are trying to show the points are the same because the direction is different. It is like taking a snapshot of a highway where two cars are at the same spot but traveling opposite directions. You are trying to say both cars are the same, but when you take into account they are going opposite directions they really are not the same.

Feel free to keep on going I can stomp this argument over and over and over and over again.

tererun said:

Again you are not looking at the relative position. If you are talking about 2008 when we were in a free fall economy and 7.8 was the number we reached as we were falling then it is bad, but now as we are rising to 7.8 unemployment things are getting better and looking up. I don't see why that is so hard to understand. I would take this position over that position any day.



yes, he had to do something to stop the fall. It also worked so now we have rising employment. because of that we will have rising tax revenue.



True, but you cannot make that judgment today despite your attempts to. That is the same for any president.



Actually I don't need to pump up Obama in this case. It is not even that great of a lowering of unemployment. It is going on the steady pace we have been doing for the past few years, and that has been at a steady rise. It is you who is trying to cut down the rather predictable numbers. Ity is Romney who claims he can do much better with no plan. As a true conservative I would stay the course of steady improvement rather than rocking the boat with radical plans to get better movement from it. If unemployment stagnates then do something. However, a downward trend of unemployment is something to continue and ride out, from a conservative point of view.


Yes, I was in class when they taught the basics and showed us numbers taken out of the environment. Those numbers have their place but a point does not give direction. You are trying to show the points are the same because the direction is different. It is like taking a snapshot of a highway where two cars are at the same spot but traveling opposite directions. You are trying to say both cars are the same, but when you take into account they are going opposite directions they really are not the same.

Feel free to keep on going I can stomp this argument over and over and over and over again.

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You may have been present for the basics but you weren’t paying attention , just as you aren’t paying attention now . I’ll try to break this down for you .. . And you tell me what part you don’t understand

I didn’t ask you about trends or comparisons ….. What part of that don’t you understand?

Answer yes or no .. is 7.8% an equal number to 7.8%

Is it or is it not a “fact” that in January of 2009 the unemployment rate was 7.8% when obama took office…. Simple answer yes or no

Is it a fact that after the recent “great labor report” (your own words) our unemployment rate dropped to 7.8% simple answer yes or no ..

Is the very simple statement, that after 43 months in office the unemployment rate is now the same yes or no .

Now if you are able to pass this simple test … . Then the following statement is pure fact … unemployment is the same today .. As it was when Obama took office 7.8%

Now maybe in your altered reality of Obama worship facts aren’t facts …. That is a problem you have not I..... if this test was too difficult for you .. . then I have nothing left to help you with .. because you have no grasp of a number what-so-ever. and sadly I don't want to teach 1st grade math to you.

Ah Sir, burrying your head in the sand is not an effective way to argue. Perhaps an analogy would help. For example, let's say you have a really bad case of the flu. When you first start getting sick you may have a 100 degree temperature, but it's on its way to a life-threatening 104 degrees. But you persevere, and with appropriate treatment the fever breaks and starts falling. On its way down it once again passes through 100 degrees. Yes, 100 degrees = 100 degrees, but on the way down it is a hopeful sign and you feel relieved even if you aren't yet fully well.

That's what's going on here. When Obama took over the reins the economy was in freefall. Four years later it is recovering.

LowDown said:

The unemployment rate has suddenly dropped just as the President's fortures took a turn for the worst. What does this mean?

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It means the unemployment rate dropped 3 tenths of a percent. Hardly a big jump. I get a kick out of republicans spinning this as fixing the numbers!

Carleen said:

It means the unemployment rate dropped 3 tenths of a percent. Hardly a big jump. I get a kick out of republicans spinning this as fixing the numbers!

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I get a big kick out of Obama supporters who are taking victory laps over a 7.8% unemployment rate that cost over 5.4 trillion dollars to create and a decline in median income. Seems that Obama supporters will grab on to anything to re-elect an empty suit incompetent to four more years. Guess the question is why?

Do you think 22.7 million Americans (12.088 Plus 802,000 plus 9.9 million under employed) and 1.3% GDP growth shows an improving economy especially when it was 2.4% growth in 2010, 1.8% in 2011, 1.3% in 2012?

Your definition of success sure is different than reality.

Conservative said:

I get a big kick out of Obama supporters who are taking victory laps over a 7.8% unemployment rate

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Nice strawman, Con. No one is taking any victory laps. It's an incremental improvement but there is a psychological bonus to being below 8% unemployment for the first time in years. It's significant that we continue to improve despite increasing headwinds from Europe and Asia. It indicates that we are on the right track.

AdamT said:

Nice strawman, Con. No one is taking any victory laps. It's an incremental improvement but there is a psychological bonus to being below 8% unemployment for the first time in years. It's significant that we continue to improve despite increasing headwinds from Europe and Asia. It indicates that we are on the right track.

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Can folks stop with the lies, please. Asia is slowing, but still growing faster than the US or Europe. Europe, especially southern Europe have problem but what extent of our GDP relies on Greece and Spain, this is an Obama sales rep strawman. As to being right on track, we have economy that is growing, but at less than 2% GDP growth. This "right on track" growth is being propped by by deficit spending of 7-8% of GDP and a Fed that is not only keeping real interest rates (after inflation) at negative, but is also expanding it's balance sheet at the rate of about $1 trillion a year to finance the new government debt (Ponzi scheme anyone?).

You will find very few economists, even the ones most in the tank for the administration who would say this economy is right on track. Check unemployment rates of people aged 16-24 and see if there is not a crisis may be felt for decades if not corrected.

Really bothers me when people will do or say anything to elect "Their Guy" no matter what it does to the country.

The Barbarian said:

You may have been present for the basics but you weren’t paying attention , just as you aren’t paying attention now . I’ll try to break this down for you .. . And you tell me what part you don’t understand

I didn’t ask you about trends or comparisons ….. What part of that don’t you understand?

Answer yes or no .. is 7.8% an equal number to 7.8%

Is it or is it not a “fact” that in January of 2009 the unemployment rate was 7.8% when obama took office…. Simple answer yes or no

Is it a fact that after the recent “great labor report” (your own words) our unemployment rate dropped to 7.8% simple answer yes or no ..

Is the very simple statement, that after 43 months in office the unemployment rate is now the same yes or no .

Now if you are able to pass this simple test … . Then the following statement is pure fact … unemployment is the same today .. As it was when Obama took office 7.8%

Now maybe in your altered reality of Obama worship facts aren’t facts …. That is a problem you have not I..... if this test was too difficult for you .. . then I have nothing left to help you with .. because you have no grasp of a number what-so-ever. and sadly I don't want to teach 1st grade math to you.

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Yes, I see you trying to take the number completely out of context and that is the only thing you have left to do. however, if we were only looking at a number, and not a system of information that has direction you would be correct. In this case these figures show much more than just the percentage of unemployment. I am not sure what upgrades you might need to be able to contemplate beyond simple numbers and confront the system, but please feel free to engage any extra boost you may have and you just might get why you are so wrong.

Jack Welch for president.

Conservative said:

I get a big kick out of Obama supporters who are taking victory laps over a 7.8% unemployment rate that cost over 5.4 trillion dollars to create and a decline in median income. Seems that Obama supporters will grab on to anything to re-elect an empty suit incompetent to four more years. Guess the question is why?

Do you think 22.7 million Americans (12.088 Plus 802,000 plus 9.9 million under employed) and 1.3% GDP growth shows an improving economy especially when it was 2.4% growth in 2010, 1.8% in 2011, 1.3% in 2012?

Your definition of success sure is different than reality.

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bush screwed things up good and now we are paying the cost.

washunut said:

Can folks stop with the lies, please. Asia is slowing, but still growing faster than the US or Europe. Europe, especially southern Europe have problem but what extent of our GDP relies on Greece and Spain, this is an Obama sales rep strawman. As to being right on track, we have economy that is growing, but at less than 2% GDP growth. This "right on track" growth is being propped by by deficit spending of 7-8% of GDP and a Fed that is not only keeping real interest rates (after inflation) at negative, but is also expanding it's balance sheet at the rate of about $1 trillion a year to finance the new government debt (Ponzi scheme anyone?).

You will find very few economists, even the ones most in the tank for the administration who would say this economy is right on track. Check unemployment rates of people aged 16-24 and see if there is not a crisis may be felt for decades if not corrected.

Really bothers me when people will do or say anything to elect "Their Guy" no matter what it does to the country.

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The point is that the slowdowns in both Asia and Europe are acting as a drag on our economy. That is something that no economist would contradict. It is taking the piss out of our manufacturing sector which for years led the recovery. Fortunately much of the slack is being taken up by improvements in consumer spending and housing. The recovery is proving to be pretty resilitent. We are on the right track.

washunut said:

Can folks stop with the lies, please. Asia is slowing, but still growing faster than the US or Europe. Europe, especially southern Europe have problem but what extent of our GDP relies on Greece and Spain, this is an Obama sales rep strawman. As to being right on track, we have economy that is growing, but at less than 2% GDP growth. This "right on track" growth is being propped by by deficit spending of 7-8% of GDP and a Fed that is not only keeping real interest rates (after inflation) at negative, but is also expanding it's balance sheet at the rate of about $1 trillion a year to finance the new government debt (Ponzi scheme anyone?).

You will find very few economists, even the ones most in the tank for the administration who would say this economy is right on track. Check unemployment rates of people aged 16-24 and see if there is not a crisis may be felt for decades if not corrected.

Really bothers me when people will do or say anything to elect "Their Guy" no matter what it does to the country.

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Exactly, 1.3% GDP growth, 22.7 million unemployed/under employed/discouraged workers, record numbers on Food Stamps, dozens of millions of Americans below the poverty level is not an economy on the right track. It is amazing how many people support the vision Obama has for this country and buy the Obama rhetoric. This guy has to go for the fiscal health of this country. Obama is incompetent and an empty suit when it comes to leadership and hopefully the American people are waking up.

tererun said:

bush screwed things up good and now we are paying the cost.

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Your location is right on, how anyone can support Obama and his results four years after taking office and continue to blame Bush is incomprehensible. You saw an empty suit, incompetent on Wednesday night and still you support him?