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Unemployement Drops: Legitimate or Not?

An economy right on track,

2010 GDP growth 2.4%
2011 GDP growth 1.8%
2012 GDP growth 1.3%

Labor participation rate 63%

U-6 22.7 million

Labor force not keeping up with population growth

A President who spends more time on TV entertainment shows but is incompetent.

Yes, this is an economy on the right track.
 
Conservative said:
You apparently have an attention deficit disorder as well as total lack of understanding of the budget deficit. Obama inherited a 10.6 trillion dollar debt which included all those expenses you listed so tell me what that has to do with the additional 5.4 trillion Obama has added?

You think because something isn't part of the budget it doesn't go against the deficit for the year? You, sir, are part of the problem, so much misinformation and a true Obama supporter.

Try to comprehend, budgets and supplementals are yearly not cumulative, debt is cumulative. Obama has had trillion dollar deficits every year in office. If you are an example of an Obama supporter then most people can see why we have such a problem in this country.
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How about it poweRob, you going to admit you were wrong? Show the class that I really think you have down deep?
 
Conservative said:
How about it poweRob, you going to admit you were wrong? Show the class that I really think you have down deep?
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Deep down? I got class on the surface all the way through deep down. I was wrong to mix up the budget and the deficit.

Now, do you have class enough to admit that the unemployment INCLUDING THE U6 is on the right track?

unemployment.jpg

And that the bulk of the money you keep blaming Obama for was actually Bush's policies?

24editorial_graph2-popup.jpg

How about it? Got any class there Conservative?
 
poweRob said:
Deep down? I got class on the surface all the way through deep down. I was wrong to mix up the budget and the deficit.

Now, do you have class enough to admit that the unemployment INCLUDING THE U6 is on the right track?

View attachment 67135738

And that the bulk of the money you keep blaming Obama for was actually Bush's policies?

View attachment 67135737

How about it? Got any class there Conservative?
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I would be happy to admit it if it were true. I don't call 14.7% which is almost 23 million Americans unemployed/under employed/discouraged and 1.3% GDP Growth headed in the right direction after adding 5.4 trillion in debt to create that number.

Further any chart that shows that tax cuts are part of the deficit is nothing more than bull**** and you ought to know that. If by chance you get less revenue by cutting taxes, you spend less not more but in this case from 2003-2008 govt. revenue went up AFTER the Bush tax cuts were fully implemented. This is just another bit of information that you are wrong about. I feel bad for anyone who believes keeping more of what you earn is an expense to the govt. That is total liberal brainwashing.

Thanks for at least admitting you were wrong about the budget and the deficit, now do some more research and you will have to admit you are wrong about the chart as well.
 
Conservative said:
I would be happy to admit it if it were true. I don't call 14.7% which is almost 23 million Americans unemployed/under employed/discouraged and 1.3% GDP Growth headed in the right direction after adding 5.4 trillion in debt to create that number.

Further any chart that shows that tax cuts are part of the deficit is nothing more than bull**** and you ought to know that. If by chance you get less revenue by cutting taxes, you spend less not more but in this case from 2003-2008 govt. revenue went up AFTER the Bush tax cuts were fully implemented. This is just another bit of information that you are wrong about. I feel bad for anyone who believes keeping more of what you earn is an expense to the govt. That is total liberal brainwashing.

Thanks for at least admitting you were wrong about the budget and the deficit, now do some more research and you will have to admit you are wrong about the chart as well.
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Hey Conservative, Bush Economists Said Tax Cuts Did Grow the Deficit


1) The Council of Economic Advisers' Report to the President, 2003: "Although the economy grows in response to tax reductions (because of higher consumption in the short run and improved incentives in the long run), it is unlikely to grow so much that lost tax revenue is completely recovered by the higher level of economic activity."

2) The chair of CEA from 2003-2005, Greg Mankiw: "Some supply-siders like to claim that the distortionary effect of taxes is so large that increasing tax rates reduces tax revenue. Like most economists, I don't find that conclusion credible for most tax hikes, and I doubt Mr. Paulson does either."

3) He's right! Hank Paulson, Bush's last Treasury Secretary, doesn't: "As a general rule, I don't believe that tax cuts pay for themselves."

4) That opinion was shared by Andrew Samwick, Chief Economist on Council of Economic Advisers, 2003-2004: "No thoughtful person believes that this possible offset [the Bush tax cuts] more than compensated for the first effect for these tax cuts. Not a single one."...

5) ... and Edward Lazear, chair of the Council of Economic Advisers in 2007: "I certainly would not claim that tax cuts pay for themselves."

Hey Mitch McConnell, Bush Economists Said Tax Cuts Did Grow the Deficit - Derek Thompson - The Atlantic
 
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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I didn't call it a big success. I called it barely a bump
 
winston53660 said:
Hey Conservative, Bush Economists Said Tax Cuts Did Grow the Deficit


1) The Council of Economic Advisers' Report to the President, 2003: "Although the economy grows in response to tax reductions (because of higher consumption in the short run and improved incentives in the long run), it is unlikely to grow so much that lost tax revenue is completely recovered by the higher level of economic activity."

2) The chair of CEA from 2003-2005, Greg Mankiw: "Some supply-siders like to claim that the distortionary effect of taxes is so large that increasing tax rates reduces tax revenue. Like most economists, I don't find that conclusion credible for most tax hikes, and I doubt Mr. Paulson does either."

3) He's right! Hank Paulson, Bush's last Treasury Secretary, doesn't: "As a general rule, I don't believe that tax cuts pay for themselves."

4) That opinion was shared by Andrew Samwick, Chief Economist on Council of Economic Advisers, 2003-2004: "No thoughtful person believes that this possible offset [the Bush tax cuts] more than compensated for the first effect for these tax cuts. Not a single one."...

5) ... and Edward Lazear, chair of the Council of Economic Advisers in 2007: "I certainly would not claim that tax cuts pay for themselves."

Hey Mitch McConnell, Bush Economists Said Tax Cuts Did Grow the Deficit - Derek Thompson - The Atlantic
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Just goes to show that economists aren't always right regardless of the party. Better tell that to the U.S. Treasury Dept that shows growth in Revenue up to the Democrats taking control of the Congress and the financial crisis of 2008.

I find it quite interesting how many people who believe keeping more of what they earn is an expense to the govt. and causes deficits. Who says liberal brainwashing doesn't work? Rather frustrating that people like me are even fighting for you to keep more of what you earn. Maybe those calling for more taxes are part of the 47% that aren't paying any FIT, what do you think?
 
Carleen said:
I didn't call it a big success. I called it barely a bump
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Yep, a 5.4 TRILLION dollar bump!! 22.7 million a bump? I guess that is true for people who aren't paying the Federal Income Taxes that fund the debt service on that debt or aren't one of the 22.7 million unemployed/under employed/discouraged. Are you one of those?
 
Conservative said:
Yep, a 5.4 TRILLION dollar bump!! 22.7 million a bump? I guess that is true for people who aren't paying the Federal Income Taxes that fund the debt service on that debt or aren't one of the 22.7 million unemployed/under employed/discouraged. Are you one of those?
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Remind me again....are intergovt transfers still happening....you know...SS surplus paying into the general fund?
 
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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The true national unemployment rate is at 12-16%.

The unemployment formula is flawed - the denominator are those who receive unemployment benefits. Yeah? well what happens when you're booted off unemployment? what happens to those who are temp workers who don't qualify for unemployment? you're in a void where you no longer count via the government statistics - or at least under their formula.

Of course "official" unemployment will drop when the masses continue to lose their benefits, because once they do they fall into a singularity er black hole.

Those who lost their benefits and those who just plain gave up or are living off social welfare aren't counted - not to mention those who have worked temp jobs but are now unemployed don't count...

There are millions of US citizens that fall into those categories.....

All the Obama admin's unemployment numbers (and others relating) show is a shrinking economy....
 
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Conservative said:
Just goes to show that economists aren't always right regardless of the party. Better tell that to the U.S. Treasury Dept that shows growth in Revenue up to the Democrats taking control of the Congress and the financial crisis of 2008.

I find it quite interesting how many people who believe keeping more of what they earn is an expense to the govt. and causes deficits. Who says liberal brainwashing doesn't work? Rather frustrating that people like me are even fighting for you to keep more of what you earn. Maybe those calling for more taxes are part of the 47% that aren't paying any FIT, what do you think?
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Your so special knowing so much mare than the people that actually study the stuff, formulate the plans and put them into place.:roll:
 
Gimmesometruth said:
Remind me again....are intergovt transfers still happening....you know...SS surplus paying into the general fund?
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SS and Medicare are part of the General fund and still have money going in and going out. In 2011 over a trillion dollars went out and 818 billion came in from intergovt. holdings, so you tell me.
 
winston53660 said:
Your so special knowing so much mare than the people that actually study the stuff, formulate the plans and put them into place.:roll:
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You need to take this up with the Treasury Dept as I simply post their data and their data shows govt. tax revenue doing up from 2003-2008 and tax cuts were in place.
 
winston53660 said:
Your so special knowing so much mare than the people that actually study the stuff, formulate the plans and put them into place.:roll:
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The notion that simple individuals can't learn "complex ideas" is preposterous.

This whole "trust the government because they know better than you" is absolutely nonsense.

Of course, leave it to progressives to trust these lying fools - they'll believe anything Obama says and any lies that come out of the government or press-core.
 
Conservative said:
You need to take this up with the Treasury Dept as I simply post their data and their data shows govt. tax revenue doing up from 2003-2008 and tax cuts were in place.
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It went up because the Winter Solstice on Dec 21 2000 happened at 8:37 AM EST!!!!!!
 
Conservative said:
SS and Medicare are part of the General fund and still have money going in and going out. In 2011 over a trillion dollars went out and 818 billion came in from intergovt. holdings, so you tell me.
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No, SS is broke, the same with Medicare - those funds gave been "over drafted" years ago.
 
Mr.Nick said:
The notion that simple individuals can't learn "complex ideas" is preposterous.

.
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If one can understand complex ideas that would mean they are not simple.

This whole "trust the government because they know better than you" is absolutely nonsense
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.

Tell conservative, he is the one citing GOVERNMENT produced numbers!
 
winston53660 said:
It went up because the Winter Solstice on Dec 21 2000 happened at 8:37 AM EST!!!!!!
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You're starting to sound like Obama... "Anyone who doesn't agree with my position(s) or the government wears a tinfoil hat."
 
winston53660 said:
If one can understand complex ideas that would mean they are not simple.

.

Tell conservative, he is the one citing GOVERNMENT produced numbers!
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Oh I'm sorry, maybe I was too simple - not a simpleton, but just too simple.
 
Conservative said:
Just goes to show that economists aren't always right regardless of the party. Better tell that to the U.S. Treasury Dept that shows growth in Revenue up to the Democrats taking control of the Congress and the financial crisis of 2008.

I find it quite interesting how many people who believe keeping more of what they earn is an expense to the govt. and causes deficits. Who says liberal brainwashing doesn't work? Rather frustrating that people like me are even fighting for you to keep more of what you earn. Maybe those calling for more taxes are part of the 47% that aren't paying any FIT, what do you think?
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Wrong is exactly right. You'll note that most all of his quotes are 2005 or earlier... in 2006, there was a quarter trillion dollar increase in revenue that came primarily from the evil rich. Corporate tax revenue tripled. Had they only put the brakes on spending...
 
Taylor said:
Wrong is exactly right. You'll note that most all of his quotes are 2005 or earlier... in 2006, there was a quarter trillion dollar increase in revenue that came primarily from the evil rich. Corporate tax revenue tripled. Had they only put the brakes on spending...
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The information that the liberal spin machine will not tell their supporters and the information that Obamabots don't want to see. From the U.S. Treasury Dept.

Tax revenue by year. Bush tax cuts fully implemented July 2003

2001 2163.7
2002 2002.1
2003 2047.9
2004 2213.2
2005 2546.8
2006 2807.4
2007 2951.2
2008 2790.3
 
Conservative said:
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?
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Are you trying to imply we no longer see the effects of two wars on a credit card, massive tax cuts on credit, and 8 years of piss poor economic policy that blew our country up? I would love it if the effects of a poor president went away the moment they went out of office, but GWB screwwed things up good, and he screwed them up right and we are still paying the costs.
 
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