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US economy creates 243,000 jobs in January

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AdamT said:
Oh they'll be along shortly to explain how, a) these numbers are fake, b) even if they aren't fake, it's actually bad news, and c) we're all doomed ... DOOOOMED!!
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a) It took too long.

b) The price is too steep.

c) We aren't out of the woods yet.
 
mpg said:
a) It took too long.

b) The price is too steep.

c) We aren't out of the woods yet.
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It's hard to turn a big ship around. You should be glad it didn't sink.
 
Believe me when I say I want the economy to turn around. I am trying to retire and I want my stocks to go up and my real estate to go up and I don't give a rats ass who gets the credit, all I care about is ME! Unfortunately these numbers are pure crap.
 
Captain America said:
It's hard to turn a big ship around. You should be glad it didn't sink.
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My first two comments were based on actual calculations, and those calculations accounted for the size of the ship (severity of the recession).
 
Well I wouldn't be too happy about all this.

I would preach cautious optimism, until a certain level of fiscal consolidation and economic structural repair is enacted, European debt woes are dealt with and the hidden danger of Chinese Real Estate collapse either happens or is averted I wouldn't get to excited about these numbers, they could be wiped out in a single day.
 
so, we added an anemic 200K jobs, and 1.2 million people stopped looking for work all-together.


if that's not a perfect economic snapshot of the last 18 or so months I don't know what is.
 
cpwill said:
so, we added an anemic 200K jobs, and 1.2 million people stopped looking for work all-together.


if that's not a perfect economic snapshot of the last 18 or so months I don't know what is.
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That's not exactly true, is it? Wasn't there a population adjustment?
 
liblady said:
That's not exactly true, is it? Wasn't there a population adjustment?
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Yes, but the propaganda has already been promulgated, the Kool Aid already swilled; the time for facts has passed some on the right by and the 'truth', as they 'know' it, has been etched in stone. And, like the WMD's that were found in Iraq [cough], that is the way it shall be for time immemorial ;)
 
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liblady said:
That's not exactly true, is it? Wasn't there a population adjustment?
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yes. 1.2 million people moved from the "workforce" to the "non-working population".




makes you wonder how bad the manipulation is going to be the closer we get to November. CBO says the real unemployment is closer to 10%, and shadow stats says that when you count underemployment, it's above 20%.


if they pull the same trick they do with forced-unionization-of-Medicaid-recipients, and claim that anyone recieving a check from the government is a "government employee", potentially they could "reduce unemployment" 3-4% range.
 
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Is it a weak recovery, certainly

Was that predictable, most definately

This is not a traditional recession nor a traditional recovery. Debt loads for the US economy are at very high levels for private, corporate and governmental sectors. As the US economy has depended on consumer spending (ie debt) for the last 30 years in general to grow the economy, when the consumer can no longer consume you are going to get a slowdown, a massive one at that. There will be no strong recovery untill consumer debt levels and obligations drop drastically. Meaning at least 2 years down the road. Any growth now is purely based on government spending and a temporary boost
 
muciti said:
The problem lies with our government. Not a person or party. People need to stop blaming a party and start blaming them all.
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And to realize that even if government (and the private sector) is perfect, which isn't likely, there will still be ups and downs and factors the government can't account for. Nature of the beast.
 
Republic Now! said:
Oh, I blame Obama for the policies he pushes. If those policies have an impact on the economy, then yes, I do give him credit for the result. I also did with Bush. neither Bush nor Obama are conservatives. I'm not in bed with Bush. I just find the complete 180 by many people funny when it comes to the president. If it's not you, that's cool. Have a good laugh with me then.
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Impact? Low bar I think. The economy has been health even when government taxes high or does silly ****. It has also struggled even when government was trying hard to help, by lowering taxes and lending a hand. The fact is, government is just limited in what it can do. But when you demand they do something, they will, and it will cost money and the results will be meger.
 
AdamT said:
Excellent news. I see that the previous month was also adjusted up quite a bit. A few more months like this and the economy good get up a decent head of steam.
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Isn't it amazing, we have heard about the "do nothing" Congress and what obstructionists Republicans are yet we get these kind of numbers. How about it Obama supporters, with a do nothing Congress and an improving economy what exactly has Obama done to generate the numbers we saw for January 2012? Do any of you have any idea what is going to happen to debt service when the interest rates are forced to be raised due to upcoming inflation?

In 3 years Obama has added 4.6 trillion to the debt which is now 15.2 trillion, 2012 projections are another 1.1 trillion so Obama will add more debt in than the entire Debt of the country up to 2006. Bush debt 4.9 trillion in 8 years, Obama 5.7 trillion in 4
 
sawyerloggingon said:
Believe me when I say I want the economy to turn around. I am trying to retire and I want my stocks to go up and my real estate to go up and I don't give a rats ass who gets the credit, all I care about is ME! Unfortunately these numbers are pure crap.
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Then you should be thrilled with Obama; for under his watch...

DJIA: UP 55.3%
NASDAQ: UP 91.1%
S&P500: UP 58.3%

... you've made a boatload of money in the market.
 
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