US economy creates 243,000 jobs in January

AdamT · Mar 1, 2012

Conservative said:
You made the statement, the burden of proof is on you

No, in fact I didn't state that "Obama's policies and not TARP" prevented a depression. That's what you said. See, even though TARP passed before Obama took office, he was still responsible for implementing the law, which was really just a broad authorization to assist financial institutions. So, for example, the auto bailouts were effected with the use of TARP funds, which was a creative way to git that done.

AdamT · Mar 1, 2012

Blue_State said:
The Fed didn't quite agree with that statement yesterday as well. But all is well.

What part of what I wrote did the Fed disagree with?

Conservative · Mar 1, 2012

AdamT said:
No, in fact I didn't state that "Obama's policies and not TARP" prevented a depression. That's what you said. See, even though TARP passed before Obama took office, he was still responsible for implementing the law, which was really just a broad authorization to assist financial institutions. So, for example, the auto bailouts were effected with the use of TARP funds, which was a creative way to git that done.

What you stated was the following:

The results speak for themselves. We avoided a catastrophic depression. The economy wasn't rocked by the collapse of 2/3 of its homegrown auto industry. GM and Chrysler and both profitable. Employment is growing. Manufacturing is growing. Consumer confidence is growing. The markets have recovered to 2008 levels. Yep ... a real disaster.

Stop playing your silly little game and why don't you go out and make something of yourself. The results do speak for themselves, more unemployed,fewer people employed, higher misery index, 4.8 trillion added to the debt, crony capitalism, billions lost in the failed takeover of Chrysler/GM, billions lost in failed green energy jobs. I could go on but it is a waste of time dealing with the kool-aid drinkers.

AdamT · Mar 1, 2012

Conservative said:
What you stated was the following:

Right, that's what I said. Do you have a point?

Conservative · Mar 1, 2012

AdamT said:
Right, that's what I said. Do you have a point?

My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.

Donc · Mar 1, 2012

Comon guys, this thread is approaching the magic 2000 postmark where redress comes in and shuts down threads. Anyone been scouting around for another thread where we can continue our never-ending marathon?:2wave:

AdamT · Mar 1, 2012

Conservative said:
My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.

In other words, no, you didn't have a point.

Blue_State · Mar 1, 2012

AdamT said:
What part of what I wrote did the Fed disagree with?

Household spending advanced moderately in the second half of last year, boosted by a fourth-quarter surge in motor vehicle purchases that was facilitated by an easing of constraints on supply related to the earthquake in Japan. However, the fundamentals that support spending continue to be weak: Real household income and wealth were flat in 2011, and access to credit remained restricted for many potential borrowers. Consumer sentiment, which dropped sharply last summer, has since rebounded but remains relatively low.

In the housing sector, affordability has increased dramatically as a result of the decline in house prices and historically low interest rates on conventional mortgages. Unfortunately, many potential buyers lack the down payment and credit history required to qualify for loans; others are reluctant to buy a house now because of concerns about their income, employment prospects, and the future path of home prices. On the supply side of the market, about 30 percent of recent home sales have consisted of foreclosed or distressed properties, and home vacancy rates remain high, putting downward pressure on house prices. More-positive signs include a pickup in construction in the multifamily sector and recent increases in homebuilder sentiment.

Against this backdrop of restrained growth, persistent downside risks to the outlook for real activity, and moderating inflation, the Committee took several steps to provide additional monetary accommodation during the second half of 2011 and early 2012. These steps included changes to the forward rate guidance included in the Committee's post-meeting statements and adjustments to the Federal Reserve's holdings of Treasury and agency securities.

FRB: Testimony--Bernanke, Semiannual Monetary Policy Report to the Congress--February 29, 2012

Blue_State · Mar 1, 2012

treedancer said:
Comon guys, this thread is approaching the magic 2000 postmark where redress comes in and shuts down threads. Anyone been scouting around for another thread where we can continue our never-ending marathon?:2wave:

Comically, it comes and goes to the same points on a daily basis.

randel · Mar 1, 2012

Conservative said:
My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.

and you continue to play your 'games', and nothing is ever going to change your mind, things continue to improve, stock market up, continued job creation, GM, Chrysler, Ford all making profits, creating new jobs(union jobs i might add)...it absolutely kills you to see things improving this close to an election.

AdamT · Mar 1, 2012

Blue_State said:
FRB: Testimony--Bernanke, Semiannual Monetary Policy Report to the Congress--February 29, 2012

None of which contradicts what I wrote.

Blue_State · Mar 1, 2012

AdamT said:
None of which contradicts what I wrote.

The results speak for themselves. We avoided a catastrophic depression. The economy wasn't rocked by the collapse of 2/3 of its homegrown auto industry. GM and Chrysler and both profitable. Employment is growing. Manufacturing is growing. Consumer confidence is growing. The markets have recovered to 2008 levels. Yep ... a real disaster.

Maybe it is the rose colored glasses that you are wearing.

AdamT · Mar 1, 2012

Blue_State said:
Maybe it is the rose colored glasses that you are wearing.

No, it actually doesn't contradict what I wrote. And I'll thank you to keep away from my rose-colored glasses.

Blue_State · Mar 1, 2012

AdamT said:
No, it actually doesn't contradict what I wrote. And I'll thank you to keep away from my rose-colored glasses.

My point is the FED doesn't agree with the optimism of your quote.

So yes, you are correct; it doesn't contradict your point. It just doesn't draw the same conclusion.

j-mac · Mar 1, 2012

AdamT said:
As ever, Obama could walk on water while laying golden eggs and turning blood into wine ... and you'd still manage to turn it into whine.

The problem is, is that true believer supporters think he can do all of these things and gave up their objectivity long ago amid shouts of 'Yes we can! Yes we can!...

j-mac

Donc · Mar 1, 2012

j-mac said:
The problem is, is that true believer supporters think he can do all of these things and gave up their objectivity long ago amid shouts of 'Yes we can! Yes we can!...

j-mac

I think the slogan you will be hearing until next Nov.is yes we did.

j-mac · Mar 1, 2012

treedancer said:
I think the slogan you will be hearing until next Nov.is yes we did.

Yeah, but it'll be from the repub victory....'yes we did, beat Obama!'

j-mac

Conservative · Mar 1, 2012

treedancer said:
I think the slogan you will be hearing until next Nov.is yes we did.

Yes we did what? Fool the same group of people twice? What is it about this guy that brainwashes so many people and creates such loyalty?

iguanaman · Mar 1, 2012

Conservative said:
What you stated was the following:

Stop playing your silly little game and why don't you go out and make something of yourself. The results do speak for themselves, more unemployed,fewer people employed, higher misery index, 4.8 trillion added to the debt, crony capitalism, billions lost in the failed takeover of Chrysler/GM, billions lost in failed green energy jobs. I could go on but it is a waste of time dealing with the kool-aid drinkers.

Speaking of silly games....if the economy is not getting better how come the Republicans are frantically pushing social issues now instead of bad-mouthing the economy 24/7?. That seems to me the best indicator of how well those in charge of the GOP think we are doing at least. I guess your in the minority of the minority.

Sheik Yerbuti · Mar 1, 2012

Conservative said:
Shouldn't it be the goal of any President to have all time high home ownerships? You have a problem with people buying homes?

And he accomplished that mission ... how'd it turn out in the end?

Conservative · Mar 1, 2012

iguanaman said:
Speaking of silly games....if the economy is not getting better how come the Republicans are frantically pushing social issues now instead of bad-mouthing the economy 24/7?. That seems to me the best indicator of how well those in charge of the GOP think we are doing at least. I guess your in the minority of the minority.

Tell me how good the economy is and at what cost? Do you really think that having more unemployed, fewer employed, higher misery index, more debt than when Obama took office is an improving economy?

Conservative · Mar 1, 2012

Sheik Yerbuti said:
And he accomplished that mission ... how'd it turn out in the end?

How many of those loans did Bush actually make? Amazing how Bush is responsible for the disaster we have today and Obama isn't responsible for anything bad that has happened since he took office.

Sheik Yerbuti · Mar 1, 2012

Conservative said:
Prove that Obama policies and not TARP prevented the depression?

You said you don't believe that TARP saved the economy.

Donc · Mar 1, 2012

iguanaman said:
Speaking of silly games....if the economy is not getting better how come the Republicans are frantically pushing social issues now instead of bad-mouthing the economy 24/7?. That seems to me the best indicator of how well those in charge of the GOP think we are doing at least. I guess your in the minority of the minority.

Its gotta suck to be a conservative and look at the clown car pulling out of motor city heading south on I-75 with this bit of news hitting the front page. :2rofll:

< After more than two years of frustrating fits and starts, the U.S. economy is showing signs of moving onto firmer ground.>

<The number of Americans filing initial claims for government unemployment benefits has fallen to levels last seen before Lehman Brothers collapsed, the Labor Department said. >

<The stock market, a leading indicator of growth, is off to its best start this year since 1998 and notched more gains Thursday. >

Conservative · Mar 1, 2012

Sheik Yerbuti said:
You said you don't believe that TARP saved the economy.

Economists said that TARP saved the economy, so it doesn't matter what you believe I said because you hallucinate a lot and are brainwashed with the liberal ideology.