IndepCentristMA
Well-known member
- Joined
- Mar 16, 2012
- Messages
- 2,110
- Reaction score
- 669
- Location
- Boston, MA
- Gender
- Male
- Political Leaning
- Centrist
Re: Be wary of late numbers; measure the 4 years as a whole... Look at the big pictur
Color me shocked... :roll:
Just as I said... the ultimate news of the jobs report is that there is no news... we are still in the same anemic recovery that we have been... and yet the overreaction and spin from each sides has begun...
I hate to say I told you so... but I told you so...
Again I say, stop looking at the minutiae of the individual monthly reports... Look at the big picture as a whole...
8% unemployment... fueled mostly by people dropping out of the workforce, which continues at a rate of six to one against new hires... and that doesn't include the increase of population making about as many people entering eligility as are getting hired each month...
This is only gradually coming down from 10% 3 years after government spending was increased from $2.7T to $3.6T annually... So the extra $1T per year in spending has given us essentially no recovery... Most recessions rebounded with far more hiring without that money being given...
There is still a steep steady drop in the workforce participation rate, that amounts to an unprecidented 2% decline in 1 presidential term... and this has been all throughout the president's term, and isn't just a 2009 issue...
The economic recovery under Obama just isn't good enough... 4 years on, he's had enough time to fix it... instead, he's forestalled it... coming in with 7.9% unemployment and leaving with 7.9% unemployment... Coming in with a budget deficit that he helped increase to $1.1T... and leaving with a budget defiit that he's helped reduce down to $1.2T... after increasing it to $1.4T...
So, we just baulked on the last 4 years...
I wonder if that lady had to pay for her gas and her mortgage or not...
(my guess is she wad foreclosed on, and she can't afford gas, but is on food stamps and some form of housing... just a guess, but would you bet me money that it's wrong? I doubt it...)
Color me shocked... :roll:
Just as I said... the ultimate news of the jobs report is that there is no news... we are still in the same anemic recovery that we have been... and yet the overreaction and spin from each sides has begun...
I hate to say I told you so... but I told you so...
Again I say, stop looking at the minutiae of the individual monthly reports... Look at the big picture as a whole...
8% unemployment... fueled mostly by people dropping out of the workforce, which continues at a rate of six to one against new hires... and that doesn't include the increase of population making about as many people entering eligility as are getting hired each month...
This is only gradually coming down from 10% 3 years after government spending was increased from $2.7T to $3.6T annually... So the extra $1T per year in spending has given us essentially no recovery... Most recessions rebounded with far more hiring without that money being given...
There is still a steep steady drop in the workforce participation rate, that amounts to an unprecidented 2% decline in 1 presidential term... and this has been all throughout the president's term, and isn't just a 2009 issue...
The economic recovery under Obama just isn't good enough... 4 years on, he's had enough time to fix it... instead, he's forestalled it... coming in with 7.9% unemployment and leaving with 7.9% unemployment... Coming in with a budget deficit that he helped increase to $1.1T... and leaving with a budget defiit that he's helped reduce down to $1.2T... after increasing it to $1.4T...
So, we just baulked on the last 4 years...
I wonder if that lady had to pay for her gas and her mortgage or not...
(my guess is she wad foreclosed on, and she can't afford gas, but is on food stamps and some form of housing... just a guess, but would you bet me money that it's wrong? I doubt it...)