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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
By the way, Reagan took office, the GDP was 2.8 trillion and left it was 5.1 trillion

Bush took office the GDP was 9.9 trillion and left it at 14.3 trillion

Obama takes office with a 14.3 trillion GDP and the end of 4 years it was 15.7 trillion

Which economy helped the American people the most?
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What a pity you still haven't learned to use real numbers when comparing dollars over time. Oh well, let's utilize nominal figures like you choose to use....

First of all, your numbers don't even match what's found on bea.gov. :roll: here are the actual
figures....

Q4-1980: 2.9t
Q4-1988: 5.3t
Reagan: 2.4t (300b per year avg)

Q4-2000: 10.1t
Q4-2008: 14.1t
Bush: 4.0t (500b per year avg)

Q4-2008: 14.1t
Q4-2012: 15.9
Obama: 1.8t (450b per year avg)

Hopefully, if nothing else, this little exercise will teach you why playing with nominal figures is completely meaningless.

That is, unless you believe that Obama is doing a better job with the economy than Reagan did?

 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
What does that have to do with your first post? The point is, among his top priorities was addressing the economy. Which as I showed, he acted on by passing a stimulus bill. Who cares if you approve of it or not?
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Spending a couple of months on an issue does not make it a priority IMV...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
What a pity you still haven't learned to use real numbers when comparing dollars over time. Oh well, let's utilize nominal figures like you choose to use....

First of all, your numbers don't even match what's found on bea.gov. :roll: here are the actual
figures....

Q4-1980: 2.9t
Q4-1988: 5.3t
Reagan: 2.4t (300b per year avg)

Q4-2000: 10.1t
Q4-2008: 14.1t
Bush: 4.0t (500b per year avg)

Q4-2008: 14.1t
Q4-2012: 15.9
Obama: 1.8t (450b per year avg)

Hopefully, if nothing else, this little exercise will teach you why playing with nominal figures is completely meaningless.

That is, unless you believe that Obama is doing a better job with the economy than Reagan did?
Click to expand...

Using your figures, Clinton added $4.8T to the debt while in office. I'm not sure where you got the numbers, but they are nowhere close to resembling anything in the real world...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Yet amazingly the economy grew 4.4 trillion during his term. How is Obama doing after his first term?
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Better than both Bush's ... using real GDP, of course.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

j-mac said:
In what possible world would you consider a job probably paying $25K per year, costing us $228K to create a success? Sounds like a huge rip off to me.

Hell, if you wanted to stimulate the economy like that you could have cut every American a check for $23K and let them just spend it.
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I dunno? In the same world where you believe I believe each job cost us $228K?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

To claim that Reagan's recession was indeed more harmful to Americans at large, one would have to claim that larger dips in both total output, employment, personal wealth, disposable income, and structural devastation in the form of both financial and housing markets take a back seat to the almighty misery index. Don't be that guy.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
I don't know what your smelling, but it takes more than labor to build anything, you need materials and equipment to use.
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You are just plain full of it, if you think that it costs $225K to create a $25K per year job. Period.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
Using your figures, Clinton added $4.8T to the debt while in office. I'm not sure where you got the numbers, but they are nowhere close to resembling anything in the real world...
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You're thoroughly confused. My numbers are accurate, though rounded. Perhaps a re-read of the conversation will clear matters up for you?That aside, how on Earth did you reach that $4.8t figure? Wasn't there a Bushie in the middle?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
You're thoroughly confused. My numbers are accurate, though rounded. Perhaps a re-read of the conversation will clear matters up for you?That aside, how on Earth did you reach that $4.8t figure? Wasn't there a Bushie in the middle?
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I used your figures. Feel free to link to those, if you can. BTW, they're way off...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

a351 said:
To claim that Reagan's recession was indeed more harmful to Americans at large, one would have to claim that larger dips in both total output, employment, personal wealth, disposable income, and structural devastation in the form of both financial and housing markets take a back seat to the almighty misery index. Don't be that guy.
Click to expand...

Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

Reagan: -1.5% GDP
Bush: -4.7% GDP
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

Reagan: -1.5% GDP
Bush: -4.7% GDP
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I'm well aware. Re-read my post and you'll actually see I'm mocking the notion that Reagan's recession was more damaging to Americans because of the misery index alone, while ignoring a whole slew of data that clearly suggests otherwise.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

AlabamaPaul said:
I used your figures. Feel free to link to those, if you can. BTW, they're way off...
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sure...http://www.bea.gov/national/xls/gdplev.xls
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

a351 said:
I'm well aware. Re-read my post and you'll actually see I'm mocking the notion that Reagan's recession was more damaging to Americans because of the misery index alone, while ignoring a whole slew of data that clearly suggests otherwise.
Click to expand...

My apologies. I don't know how I missed the tongue-in-cheek?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Like it or not, recessions are measured by GDP. The standard definition of a recession is 2 consecutive quarters of negative growth. We can have a year where unemployment rises every month, but as long as GDP remains positive, we're not in a recession. Conversely, we can have a year where unemployment drops every single month, but if we experience back-to-back quarters of negative GDP, we're in a recession.

Reagan: -1.5% GDP
Bush: -4.7% GDP
Click to expand...

How much manipulating the numbers is going on in this administration....The fairy tale being shoved down our throats suggests quite a bit.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

j-mac said:
How much manipulating the numbers is going on in this administration....The fairy tale being shoved down our throats suggests quite a bit.
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I imagine the same amount of manipulation that occurred under Bush and Reagan. :shrug:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

j-mac said:
You are just plain full of it, if you think that it costs $225K to create a $25K per year job. Period.
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I'm not saying that at all. What I am saying is that construction type jobs require more than just the salary amount. Go to post #850 to see where the $228K figure came from. In reality, about 40% of the stimulus was tax cuts.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
BHO to Harry Truman: "No no! The buck stops there!":shock:
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That's especially cute when it comes from a Bush apologist given Bush was "passing the buck" 8 years into his presidency.

:roll: :roll: :roll:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
That's especially cute when it comes from a Bush apologist given Bush was "passing the buck" 8 years into his presidency.

:roll: :roll: :roll:
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Hardly a GWB apologist since I left the Repubs because of GWB's fiscal irresponsibility. The problem is not that GWB was so good, but that BHO has turned out to be even worse.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
Hardly a GWB apologist since I left the Repubs because of GWB's fiscal irresponsibility. The problem is not that GWB was so good, but that BHO has turned out to be even worse.:cool:
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:lamo :lamo :lamo :lamo
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
I see you have no counterpoint.:roll:
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Taint my problem you don't understand my counterpoint.
 
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