Republicans block Obama jobs bill

Redress said:

And when busted lying, he goes back and spams entirely unrelated stuff. I am not sure if it is more sad than amusing, or the other way around.

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whysoserious said:

GDP By Year/Quarter

By the way, in his first 2.5 years in office, Obama has increased GDP by 4.75067436% in real GDP dollars.

In Reagan's first 2.5 years in office he increased the GDP by 1.97121402% in real GDP dollars.

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Conservative said:

Has everything to do with the thread topic which you want to ignore

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Jryan said:

The thing that is even more sad is that both me and poweRob have two links debunking his spam.

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Redress said:

So Conservative was only off by a factor of 4? What's a few hundred billion among friends?

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Conservative said:

I particularly love the Obama GDP in 2011 vs.. 2010, great progress, isn't it

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Conservative said:

So why don't you prove the numbers I have posted are wrong and please, by all means interpret them for me since obviously I am not nearly as smart as you, a person that believes the GOP Controls today's Senate

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Jryan said:

You don't even understand how the senate works... If you are wrong, would you please just say so? To your other question, check out the two links in my sig. I have linked them to you too many times...

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Conservative said:

So why don't you prove the numbers I have posted are wrong and please, by all means interpret them for me since obviously I am not nearly as smart as you, a person that believes the GOP Controls today's Senate

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Conservative said:

No, you don't understand how the Senate works, there is a Senate Majority Leader that brings legislation to the floor and controls the process. That Senate Majority leader is a member of the majority party and that leader today is Senator Harry Reid.

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Redress said:

You mean when the republican house took over and GDP growth went to hell?

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Jryan said:

I don't disagree... Hey, I even gave you a like .

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whysoserious said:

Not to mention, in 1982 Q2, GDP posted a 2.2% increase under Reagan's policies. The next two quarters had -1.5% and .3%, which, by Conservative's standards, means Reagan really sucked.

GDP Percent Change by Year (Adjusted for Inflation in 2005 Dollars)

1982q2 2.2
1982q3 -1.5
1982q4 0.3

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Conservative said:

Think that the working people during the 80's that generated those GDP numbers compared them to 2005 prices? Think the debt created in the 80's created debt service in 2005 prices? Amazingly distorted analysis

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whysoserious said:

I am going to explain this one more time. Please, try to read it. I'm serious, it's really simple and really important when discussing GDP. You could make those numbers be any year. It will not change their ratio. Adjust them to 1981 dollars if you want, it doesn't matter. Whatever year dollar you choose, that ratio will be exactly the same.

The only key is that all of the years be adjusted for the same year's dollars. Do you want to see my tutorial again? I thought it did a good job explaining why you need to adjust for inflation, and I am pretty sure you never read it. I will copy and paste it for you if you want?

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Conservative said:

Look, I understand what you are trying to do however what happened in the 80's is relevant to the 80's not the present, expenses and revenue are in 80's dollars, not 2005 chained dollars. It really is simple, the American people benefited from the Reagan economy and haven't benefited from the Obama economy. 17 million jobs were created during the Reagan years and so far we have a net loss of 2.6 million with no end in site. Don't really care about ratios or percentage change because neither means a damn thing to the average American.

I posted the actual dollars of GDP generated by Reagan from 1980 which was the base until the end of his economic policy 1989. If you want to drop off 1989 so be it, still excellent economic results that generated actual job creation.

http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1

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GDP
Gross domestic product in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures as reported to investors are already adjusted for inflation. In other words, if the gross GDP was calculated to be 6% higher than the previous year, but inflation measured 2% over the same period, GDP growth would be reported as 4%, or the net growth over the period.

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whysoserious said:

First of all, you posted numbers from 1980-1989 - that's 9 years of numbers. Secondly, I don't think you are grasping the idea of inflation adjusted numbers - still! Let me put it to you this way:

Let's say I tell you the mean salary someone has is $30,000. The first reaction you'll get is, wow, that's low. Now, if I tell that was their salary in 1981, all of the sudden, that number is not nearly as bad. If you adjust that salary from 1981 to 2010, that person was making $71,018.00 in today's dollars. Do you see why that is such a discrepancy? I am sorry, I just don't see how I can make it any more clear. If it wasn't important, why would they include it on every database?

The Importance Of Inflation And GDP

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whysoserious said:

First of all, you posted numbers from 1980-1989 - that's 9 years of numbers. Secondly, I don't think you are grasping the idea of inflation adjusted numbers - still! Let me put it to you this way:

Let's say I tell you the mean salary someone has is $30,000. The first reaction you'll get is, wow, that's low. Now, if I tell that was their salary in 1981, all of the sudden, that number is not nearly as bad. If you adjust that salary from 1981 to 2010, that person was making $71,018.00 in today's dollars. Do you see why that is such a discrepancy? I am sorry, I just don't see how I can make it any more clear. If it wasn't important, why would they include it on every database?

The Importance Of Inflation And GDP

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winston53660 said:

He also likes to compare Obama's increase in debt/deficit to Reagan in nominal dollars and avoids all ratios. If we do the same in a comparison of Reagan to FDR suddenly he falls silent or starts bitching about the thread topic or does his copy and paste.

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Conservative said:

Unlike some here debt service is the problem with the debt and the debt service is on the 1.7 trillion dollars created during the Reagan years vs. the debt service on the 4.2 trillion dollars during the Obama term. Which one is worse and costs the taxpayer more.

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winston53660 said:

If debt service was actually a concern of yours you would have never voted for Reagan considering it was an extraordinarily expensive time to accumulate debt.


For example:


Title: 10-Year Treasury Constant Maturity Rate Series ID: GS10 Source: Board of Governors of the Federal Reserve System Release: H.15 Selected Interest Rates Seasonal Adjustment: Not Applicable Frequency: Monthly Units: Percent Date Range: 1953-04-01 to 2011-09-01 Last Updated: 2011-10-12 4:31 PM CDT Notes: Averages of business days. For further information regarding treasury constant maturity data, please refer to http://www.federalreserve.gov/releases/h15/current/h15.pdf and Treasury Yield Curve Methodology. DATE 1980-08-01 11.10 1980-09-01 11.51 1980-10-01 11.75 1980-11-01 12.68 1980-12-01 12.84 1981-01-01 12.57 1981-02-01 13.19 1981-03-01 13.12 1981-04-01 13.68 1981-05-01 14.10 1981-06-01 13.47 1981-07-01 14.28 1981-08-01 14.94 1981-09-01 15.32 1981-10-01 15.15 1981-11-01 13.39 1981-12-01 13.72 1982-01-01 14.59 1982-02-01 14.43 1982-03-01 13.86 1982-04-01 13.87 1982-05-01 13.62 1982-06-01 14.30 1982-07-01 13.95 1982-08-01 13.06 1982-09-01 12.34 1982-10-01 10.91 1982-11-01 10.55 1982-12-01 10.54 1983-01-01 10.46 1983-02-01 10.72 1983-03-01 10.51 1983-04-01 10.40 1983-05-01 10.38 1983-06-01 10.85 1983-07-01 11.38 1983-08-01 11.85 1983-09-01 11.65 1983-10-01 11.54 1983-11-01 11.69 1983-12-01 11.83 1984-01-01 11.67 1984-02-01 11.84 1984-03-01 12.32 1984-04-01 12.63 1984-05-01 13.41 1984-06-01 13.56 1984-07-01 13.36 1984-08-01 12.72 1984-09-01 12.52 1984-10-01 12.16 1984-11-01 11.57 1984-12-01 11.50 1985-01-01 11.38 1985-02-01 11.51 1985-03-01 11.86 1985-04-01 11.43 1985-05-01 10.85 1985-06-01 10.16 1985-07-01 10.31 1985-08-01 10.33 1985-09-01 10.37 1985-10-01 10.24 1985-11-01 9.78 1985-12-01 9.26 1986-01-01 9.19 1986-02-01 8.70 1986-03-01 7.78 1986-04-01 7.30 1986-05-01 7.71 1986-06-01 7.80 1986-07-01 7.30 1986-08-01 7.17 1986-09-01 7.45 1986-10-01 7.43 1986-11-01 7.25 1986-12-01 7.11 1987-01-01 7.08 1987-02-01 7.25 1987-03-01 7.25 1987-04-01 8.02 1987-05-01 8.61 1987-06-01 8.40 1987-07-01 8.45 1987-08-01 8.76 1987-09-01 9.42 1987-10-01 9.52 1987-11-01 8.86 1987-12-01 8.99 1988-01-01 8.67 1988-02-01 8.21 1988-03-01 8.37 1988-04-01 8.72 1988-05-01 9.09 1988-06-01 8.92 1988-07-01 9.06 1988-08-01 9.26 1988-09-01 8.98 1988-10-01 8.80 1988-11-01 8.96 1988-12-01 9.11 1989-01-01 9.09 1989-02-01 9.17 1989-03-01 9.36 1989-04-01 9.18 1989-05-01 8.86 1989-06-01 8.28 1989-07-01 8.02 1989-08-01 8.11 1989-09-01 8.19 1989-10-01 8.01 1989-11-01 7.87 1989-12-01 7.84 1990-01-01 8.21 1990-02-01 8.47 1990-03-01 8.59 1990-04-01 8.79 1990-05-01 8.76 1990-06-01 8.48 1990-07-01 8.47 1990-08-01 8.75 1990-09-01 8.89 1990-10-01 8.72 1990-11-01 8.39 1990-12-01 8.08 1991-01-01 8.09 1991-02-01 7.85 1991-03-01 8.11 1991-04-01 8.04 1991-05-01 8.07 1991-06-01 8.28 1991-07-01 8.27 1991-08-01 7.90 1991-09-01 7.65 1991-10-01 7.53 1991-11-01 7.42 1991-12-01 7.09 1992-01-01 7.03 1992-02-01 7.34 1992-03-01 7.54 1992-04-01 7.48 1992-05-01 7.39 1992-06-01 7.26 1992-07-01 6.84 1992-08-01 6.59 1992-09-01 6.42 1992-10-01 6.59 1992-11-01 6.87 1992-12-01 6.77 1993-01-01 6.60 1993-02-01 6.26 1993-03-01 5.98 1993-04-01 5.97 1993-05-01 6.04 1993-06-01 5.96 1993-07-01 5.81 1993-08-01 5.68 1993-09-01 5.36 1993-10-01 5.33 1993-11-01 5.72 1993-12-01 5.77 1994-01-01 5.75 1994-02-01 5.97 1994-03-01 6.48 1994-04-01 6.97 1994-05-01 7.18 1994-06-01 7.10 1994-07-01 7.30 1994-08-01 7.24 1994-09-01 7.46 1994-10-01 7.74 1994-11-01 7.96 1994-12-01 7.81 1995-01-01 7.78 1995-02-01 7.47 1995-03-01 7.20 1995-04-01 7.06 1995-05-01 6.63 1995-06-01 6.17 1995-07-01 6.28 1995-08-01 6.49 1995-09-01 6.20 1995-10-01 6.04 1995-11-01 5.93 1995-12-01 5.71 1996-01-01 5.65 1996-02-01 5.81 1996-03-01 6.27 1996-04-01 6.51 1996-05-01 6.74 1996-06-01 6.91 1996-07-01 6.87 1996-08-01 6.64 1996-09-01 6.83 1996-10-01 6.53 1996-11-01 6.20 1996-12-01 6.30 1997-01-01 6.58 1997-02-01 6.42 1997-03-01 6.69 1997-04-01 6.89 1997-05-01 6.71 1997-06-01 6.49 1997-07-01 6.22 1997-08-01 6.30 1997-09-01 6.21 1997-10-01 6.03 1997-11-01 5.88 1997-12-01 5.81 1998-01-01 5.54 1998-02-01 5.57 1998-03-01 5.65 1998-04-01 5.64 1998-05-01 5.65 1998-06-01 5.50 1998-07-01 5.46 1998-08-01 5.34 1998-09-01 4.81 1998-10-01 4.53 1998-11-01 4.83 1998-12-01 4.65 1999-01-01 4.72 1999-02-01 5.00 1999-03-01 5.23 1999-04-01 5.18 1999-05-01 5.54 1999-06-01 5.90 1999-07-01 5.79 1999-08-01 5.94 1999-09-01 5.92 1999-10-01 6.11 1999-11-01 6.03 1999-12-01 6.28 2000-01-01 6.66 2000-02-01 6.52 2000-03-01 6.26 2000-04-01 5.99 2000-05-01 6.44 2000-06-01 6.10 2000-07-01 6.05 2000-08-01 5.83 2000-09-01 5.80 2000-10-01 5.74 2000-11-01 5.72 2000-12-01 5.24 2001-01-01 5.16 2001-02-01 5.10 2001-03-01 4.89 2001-04-01 5.14 2001-05-01 5.39 2001-06-01 5.28 2001-07-01 5.24 2001-08-01 4.97 2001-09-01 4.73 2001-10-01 4.57 2001-11-01 4.65 2001-12-01 5.09 2002-01-01 5.04 2002-02-01 4.91 2002-03-01 5.28 2002-04-01 5.21 2002-05-01 5.16 2002-06-01 4.93 2002-07-01 4.65 2002-08-01 4.26 2002-09-01 3.87 2002-10-01 3.94 2002-11-01 4.05 2002-12-01 4.03 2003-01-01 4.05 2003-02-01 3.90 2003-03-01 3.81 2003-04-01 3.96 2003-05-01 3.57 2003-06-01 3.33 2003-07-01 3.98 2003-08-01 4.45 2003-09-01 4.27 2003-10-01 4.29 2003-11-01 4.30 2003-12-01 4.27 2004-01-01 4.15 2004-02-01 4.08 2004-03-01 3.83 2004-04-01 4.35 2004-05-01 4.72 2004-06-01 4.73 2004-07-01 4.50 2004-08-01 4.28 2004-09-01 4.13 2004-10-01 4.10 2004-11-01 4.19 2004-12-01 4.23 2005-01-01 4.22 2005-02-01 4.17 2005-03-01 4.50 2005-04-01 4.34 2005-05-01 4.14 2005-06-01 4.00 2005-07-01 4.18 2005-08-01 4.26 2005-09-01 4.20 2005-10-01 4.46 2005-11-01 4.54 2005-12-01 4.47 2006-01-01 4.42 2006-02-01 4.57 2006-03-01 4.72 2006-04-01 4.99 2006-05-01 5.11 2006-06-01 5.11 2006-07-01 5.09 2006-08-01 4.88 2006-09-01 4.72 2006-10-01 4.73 2006-11-01 4.60 2006-12-01 4.56 2007-01-01 4.76 2007-02-01 4.72 2007-03-01 4.56 2007-04-01 4.69 2007-05-01 4.75 2007-06-01 5.10 2007-07-01 5.00 2007-08-01 4.67 2007-09-01 4.52 2007-10-01 4.53 2007-11-01 4.15 2007-12-01 4.10 2008-01-01 3.74 2008-02-01 3.74 2008-03-01 3.51 2008-04-01 3.68 2008-05-01 3.88 2008-06-01 4.10 2008-07-01 4.01 2008-08-01 3.89 2008-09-01 3.69 2008-10-01 3.81 2008-11-01 3.53 2008-12-01 2.42 2009-01-01 2.52 2009-02-01 2.87 2009-03-01 2.82 2009-04-01 2.93 2009-05-01 3.29 2009-06-01 3.72 2009-07-01 3.56 2009-08-01 3.59 2009-09-01 3.40 2009-10-01 3.39 2009-11-01 3.40 2009-12-01 3.59 2010-01-01 3.73 2010-02-01 3.69 2010-03-01 3.73 2010-04-01 3.85 2010-05-01 3.42 2010-06-01 3.20 2010-07-01 3.01 2010-08-01 2.70 2010-09-01 2.65 2010-10-01 2.54 2010-11-01 2.76 2010-12-01 3.29 2011-01-01 3.39 2011-02-01 3.58 2011-03-01 3.41 2011-04-01 3.46 2011-05-01 3.17 2011-06-01 3.00 2011-07-01 3.00 2011-08-01 2.30 2011-09-01 1.98
\
http://research.stlouisfed.org/fred2/data/GS10.txt

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Conservative said:

1.7 trillion dollar debt in an economy that created 17 million jobs. 4.2 trillion debt in an economy that has created a 2.6 million net job loss. You make the call

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winston53660 said:

Using your metrics I'll take FDR that only increased debt by only 269 billion and created approx 19 million jobs.

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Conservative said:

You won't have a chance to vote for or against Reagan or Bush in 2012 but you will be voting on the Obama record.

Obama economic results in 2011,
.4% GDP and 1.3% GDP growth in 2011(bea.gov)
25+ million unemployed or under employed Americans in 2011(bls.gov)
2.6 million fewer jobs(bls.gov)
4.2 trillion added to the debt in less than 3 years(U.S. Treasury Site)
Downgrade of the U.S. credit rating(S&P)
Rising Misery index 7.83 to 12.97 (The United States Misery Index By Year)
38-41% JAR and well over 50-55% disapproval ratings(Gallup)

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