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Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, negativ

Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

winston53660 said:
With record breaking profits how can one say the private sector is doing bad?
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Along with an additional 4 million jobs over the last 2 years.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Eighty Deuce said:
Record profits for the large multi-national companies accounts for less than 20% of the private sector.

If liberals would get out of Mom's basement, you might look around and get a better idea of things.
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So trickle down doesn't work.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Sheik Yerbuti said:
This is hysterical! The numbers in the study I posted aren't expected for two more years. Yet here you are, applying them to today's unemployment. I can't help you are incapable of comprehending the inherent stupidity in applying non-existent numbers to today's actual numbers.

:doh :doh :doh

I've already addressed that, so who knows why you're repeating it? Again, it's lower than expected because of the recession and since after (employment is a lagging indicator) the recession ended, approximately half of the decline is due to retiring baby boomers.
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Let me 'splain one more time for you. Your study, which you did not read, did the simple mathematical calculation that baby-boomer retirements would reduce the LFPR by 0.4% over the ten year span 2004-2014. That means that in 2012, we would have absorbed 80% of that time-span, or about a 0.32% decline. It is a near linear decline. That is the extent of reduction in the LFPR due to baby boomer retirement. Which is well less than 20% of the decline.

Only a liberal would argue this with such ignorance of the numbers .................. oh wait ! ;)
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

winston53660 said:
So trickle down doesn't work.
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Since the liberal version of "trickle down" is to piss on someone's back, and expect them to think its raining ..... you are correct. Does not work.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Eighty Deuce said:
Let me 'splain one more time for you. Your study, which you did not read, did the simple mathematical calculation that baby-boomer retirements would reduce the LFPR by 0.4% over the ten year span 2004-2014. That means that in 2012, we would have absorbed 80% of that time-span, or about a 0.32% decline. It is a near linear decline. That is the extent of reduction in the LFPR due to baby boomer retirement. Which is well less than 20% of the decline.

Only a liberal would argue this with such ignorance of the numbers .................. oh wait ! ;)
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The part which evades you is that dummy is you for assuming that 8 years into a ten year projection reveals where that number will be in two years. It doesn't. It's not a linear estimate. The participation rate has, and will continue to be, an erratic number and nothing today reveals where that number will be in two years.

That's the part you screwed up on. That's why it's hysterical watching you call me names while at the same time, you are applying numbers which don't exist yet and aren't predicted until two more years from now, to today's unemployment numbers.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Hare said:
That's very true, hence the necessity for federal intervention. More layoffs at this point would be highly counter-productive. Balancing budgets at the expense of growth and median wages isn't the solution.
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You think the federal government should intervene and tell the states how many employees they need? Tenth amendment considerations aside, the states are laying off people because they are required to balance their budgets in most cases. Does your federal intervention scenario extend to the private sector as well? Companies have to operate at a profit or they die.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Sheik Yerbuti said:
The part which evades you is that dummy is you for assuming that 8 years into a ten year projection reveals where that number will be in two years. It doesn't. It's not a linear estimate. The participation rate has, and will continue to be, an erratic number and nothing today reveals where that number will be in two years.

That's the part you screwed up on. That's why it's hysterical watching you call me names while at the same time, you are applying numbers which don't exist yet and aren't predicted until two more years from now, to today's unemployment numbers.
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Maybe you been eating too much Pow Wow Chow.

LFPR and baby boomers for dunderheads: Its not about where the number is. It is about, wherever it is, that only 0.4% of the decrease since 2004, thru 2014, will be boomers retiring. Its simple for BLS to figure out, based on population and census and age data. So they did.

I'll bet that a gorilla could figure this out better than an Orangutan. Can I get a chimp maybe ?
 
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Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

TurtleDude said:
Just what we need, another Obama apologist. Maybe the old saying what goes around comes around comes true because Obama got every break plus some in 2008 where the press had a massive man crush on that clown and refused to ask him the sort of questions that might have bitched slapped the moon eyed Obama supporters to wake up and see reality. If that clown had been properly vetted he never would have beat Hillary and then McCain.
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You call the Bush Recession "getting every break"? He was handed the worst hand in postwar history. And which sector has had 26 months of job growth? The public sector is still shedding jobs. Which do you think is doing better?

ObamaJobCreationedit.png


PublicSectorJobs.jpg
 
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Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

jimbo said:
You think the federal government should intervene and tell the states how many employees they need? Tenth amendment considerations aside, the states are laying off people because they are required to balance their budgets in most cases. Does your federal intervention scenario extend to the private sector as well? Companies have to operate at a profit or they die.
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State and local governments are balancing the budget at the expense of layoffs to the tune of around 600k thus far. Balanced budgets are optimal, but when done at the expense of local employment, cuts can also be highly detrimental to economic growth as a whole. The federal government could theoretically provide short term funding to retain employees and avoid further reductions in the labor force.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Eighty Deuce said:
Maybe you been eating too much Pow Wow Chow.

LFPR and baby boomers for dunderheads: Its not about where the number is. It is about, wherever it is, that only 0.4% of the decrease since 2004, thru 2014, will be boomers retiring. Its simple for BLS to figure out, based on population and census and age data. So they did.

I'll bet that a gorilla could figure this out better than an Orangutan. Can I get a chimp maybe ?
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I tried, but I still can't get you to understand that this is not 2014. :shrug:
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

jordace13 said:
Its amazing to me how this man cannot catch a break. At least whats hes saying is some what true. What Romney says has no truth at all. Hes a piggybacker.
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He would if he told the truth.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Unemployment has gone up, housing prices have continued down and we have lost our AAA credit rating all on Obamas watch. He ran for president telling us he could fix the economy and he has failed miserably. Time to head to the locker room buddy, 3 years 3 strikes, batter up.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

j-mac said:
:lamo:lamo Yeah, the shroud is off that one my friend...Obama is a monumental liar, that can't speak without a teleprompter, hell, he can't even make a comment on small business owners and how they are doing without having to come out that same day and stutter all over himself walking it back...:lamo:lamo

j-mac
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That's what I was saying, he might have just lost. Once again, reading isn't the strong suit of the right wing.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

sawyerloggingon said:
Unemployment has gone up, housing prices have continued down and we have lost our AAA credit rating all on Obamas watch. He ran for president telling us he could fix the economy and he has failed miserably. Time to head to the locker room buddy, 3 years 3 strikes, batter up.
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But, but, but.....It's all Bush's fault!


j-mac
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Grant said:
Debt has nothing to do with jobs? People are reluctant to invest because of the massive debt and the insecurity it brings. All you need do is look at Greece, Spain, or any third world countries. Of course debt is closely tied to the economy and the lack of jobs. That should be common knowledge, and probably is.
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If debt and jobs were that closely related, the job marked would have completely fallen apart when Reagan was President. Obama didn't invent deficits, that horse has been out of the stable for a long time.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

As President Obama was saying in comparisin to the public sector, the private sector is doing fine. Now the right can retire 57 states, the prez made a new gaffe. :peace
sawyerloggingon said:
I was listening to obamas speech today while working and when he said that I dropped everything and thought WTF, did he really just say the private sector is doing fine? Then he said it again. This guy is completely out of touch with reality, it is almost scary.


Just hours after President Obama declared the private sector was "doing fine" -- a comment from which he later backed away -- one of the nation's major credit rating agencies affirmed neither the private nor public sector was flourishing.
Standard & Poor’s affirmed its long-term credit rating on the United States at AA+ and said its outlook remains negative.

The credit agency made the announcement after Obama's said Friday morning that the private sector is "doing fine" and that the GOP Congress is slowing down the economy. It was immediately pounced on by Mitt Romney and other Republican leaders, resulting in the president backpedaling by the afternoon.


Read more: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, negative outlook | Fox News
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Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

jpevans said:
As President Obama was saying in comparisin to the public sector, the private sector is doing fine. Now the right can retire 57 states, the prez made a new gaffe. :peace
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The prez is stcking by his so called "gaff". In his walking back attempt he said "of course the economy isn't doing just fine". He never said a word about the private sector that he specificaly said was doing just fine while it was the gov employees that were hurting. The walking back headlines were lib medias spin trying to get their prez off the hook.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

rocket88 said:
If debt and jobs were that closely related, the job marked would have completely fallen apart when Reagan was President. Obama didn't invent deficits, that horse has been out of the stable for a long time.
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We are now at levels of debt, and deficit, relative to GDP, that are far beyond anything Reagan, or any other President. Your statement was completely unfounded.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

rocket88 said:
If debt and jobs were that closely related, the job marked would have completely fallen apart when Reagan was President. Obama didn't invent deficits, that horse has been out of the stable for a long time.
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"That closely related"? How closely related did i say they were?

The fact is that Reagan was able to turn the economy around, just as Bush did and just as Romney did, both with the debt in Michigan and the Olympic Games. Obama has done none of this. Instead the debt is increasing at record levels, unemployment has increased and his promises of improvement have proved as baseless and futile as any of his other promises.

The man is a dud, Release him from his responsibilities to allow him the time to write more autobiographies.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Eighty Deuce said:
We are now at levels of debt, and deficit, relative to GDP, that are far beyond anything Reagan, or any other President. Your statement was completely unfounded.
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Close, but not quite the levels we reached immediately following WW2.

DEBTGDP.jpg
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Grant said:
"That closely related"? How closely related did i say they were?

The fact is that Reagan was able to turn the economy around, just as Bush did and just as Romney did, both with the debt in Michigan and the Olympic Games. Obama has done none of this. Instead the debt is increasing at record levels, unemployment has increased and his promises of improvement have proved as baseless and futile as any of his other promises.

The man is a dud, Release him from his responsibilities to allow him the time to write more autobiographies.
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Perhaps you forgot, but we experienced "record levels" of debt while Reagan and Bush were president. And Romney happened to be governor at the height of the real estate bubble when the whole country was doing well from it. His own state is voting against him now. That tells you what a crappy leader he was.
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Sheik Yerbuti said:
Perhaps you forgot, but we experienced "record levels" of debt while Reagan and Bush were president. And Romney happened to be governor at the height of the real estate bubble when the whole country was doing well from it. His own state is voting against him now. That tells you what a crappy leader he was.
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Even if that were truthful, he is still going to beat Obama like a drum.....Just my prediction.


j-mac
 
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Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Sheik Yerbuti said:
Perhaps you forgot, but we experienced "record levels" of debt while Reagan and Bush were president. And Romney happened to be governor at the height of the real estate bubble when the whole country was doing well from it. His own state is voting against him now. That tells you what a crappy leader he was.
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Reagan turned the economy around and was reelected in 49 of 50 states, in case you forgot.

Do you think Obama will get 49 out of 50?
 
Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

Grant said:
Reagan turned the economy around and was reelected in 49 of 50 states, in case you forgot.

Do you think Obama will get 49 out of 50?
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whoaaaa ... we're talking about "record level" debt, why are you changing the topic? :lamo
 
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