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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%

CaptinSarcastic said:
That is awesome, the 2% tax increase you claim Obama wanted was the end of the Keynesian stimulus payroll tax holiday which Republicans opposed fromt he beginning and wanted gone every chance they got. Still it was always intended to be temporary, so by definition, it had to end some time. If Obama could have gotten it through, he would have extended it further, but there was no way he was going to get the GOP on board.

Very little has been vetoed? Seriously? You want to go with that?

The GOP House has voted to repeal Obamacare nearly three dozen times, they have passed three DOA budgets which had zero chance of becoming law, the GOP minority in the Senate has invoked a record shattering 360 filibusters since 2007.

When you say, "he this year got the 2% tax increase on every worker he wanted and he got the raise in the top end tax rate", I am reminded of that line from Princess Bride. "My brains, his steal, and your strength, against 60 men. And, you think a little head jiggle is supposed to make me happy?"

The GOp is content with allowing nothing to happen unless they get all they want, the only variations on this theme are when the only alternative is catastrophe from which they could not escape blame.
Click to expand...

"hey I won" cuts both ways.....
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CaptinSarcastic said:
While I disagree, I appreciate the more sensible tone.

But you say "by all standards the stimulus was a complete and utter failure as the results show"

How do you support that contention?

The only way to know for sure is to have a view into an alternate reality where a different policy path was taken. Beyond that impossibility, all we can go on is the view of experts, professional economists.

So tell me what do economists say?

I can show you a poll of economists where 92% agree that the stimulus succeeded in reducing joblessness, but I could also find economists in the minority who disagree.

Are you suggesing that since a small minority of economists agree with you they must be right, because.... they agree with you???
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Very easy to determine the success or failure of the stimulus, look at the economic results, jobs created, economic growth numbers. In addition

Review & Outlook:Why the Stimulus Failed - WSJ.com

Please tell me how anyone can say that the stimulus reduced joblessness when there are 3 million less employed today than when the recession began and 3 million more in the labor force? I rely on data not economist opinions
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So you buy the liberal spin? You and others seem to believe we need a 3.6 trillion dollar federal govt. when the reality is it is the private sector suffering not the public sector. Small business owners aren't hiring because of economic uncertainty and can more than compensate for the decline in public sector jobs if given the incentive to do so. Higher taxes, more regulations, and Obamacare aren't prescriptions for economic growth and job creation
Click to expand...

Baloney, the public sector has lost 720,000 jobs since Obama became president.

Bureau of Labor Statistics Data
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CaptinSarcastic said:
Okay, so one conservative blames Obama for a middle class tax increase by ending the payroll tax holiday and another says that it was necessary because it funds the SS system.

So, which is it?

How many attempts to repeal Obamacare does the House need? I would suspect that since they KNOW that it will not get through the Senate, maybe one vote to get themselves on record might be appropriate, but how exactly is Congress doing the business of the nation by having nearly three dozen votes passing the same DOA bill? How does a pointless vote save us money?

Filibusters, read it yourself.... U.S. Senate: Reference Home >

I recognize that you believe that lower income taxes will stimulate economic growth, I just disagree and if you look at the data, America has always had economic growth, whether we have tax hikes or cuts, so eventually we will recover lost revenues to a point, but as the record shows, that point has never been enough to balance the budget, that is why we see record deficits during good economic times following supply side tax cuts. Reagan, Bush.
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The number of filibusters against economic policies are minimal and that is what we are talking about. Still waiting for the economic policies of Obama that have been filibustered which would have improved job creation, economic growth, and cut the deficit?

You obivously don't understand the four components of GDP so suggest you do some research and tell me how taking money out of the consumers' hands stimulates economic growth and job creation? What do you do when you have less take home pay due to higher taxes?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
Baloney, the public sector has lost 720,000 jobs since Obama became president.

Bureau of Labor Statistics Data
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Actual data, 143 million employed Americans today on a labor force of 155 million. When the recession began it was 146 million working Americans and 153 million labor force. 3 million lost jobs and 3 million more people looking for jobs, that a liberal success?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CaptinSarcastic said:
Here's a quick link...

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs | Think by Numbers
Click to expand...
Subsidies for "green energy" as well as tax credits and grants for "research" make up the majority of "corporate welfare". It all sounds evil when you lump everything together under the same heading and package it as "Corporate welfare spending is greater than social welfare spending". However, if someone were to propose eliminating those subsidies, tax credits, and research grants which side of the isle would be fighting the hardest to keep them in place?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

With all the new taxes on businesses it will probably not improve a great deal all year.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Actual data, 143 million employed Americans today on a labor force of 155 million. When the recession began it was 146 million working Americans and 153 million labor force. 3 million lost jobs and 3 million more people looking for jobs, that a liberal success?
Click to expand...

Wow lying by omission how clever, NOT
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Actual data, 143 million employed Americans today on a labor force of 155 million. When the recession began it was 146 million working Americans and 153 million labor force. 3 million lost jobs and 3 million more people looking for jobs, that a liberal success?
Click to expand...

Who was president when the recession began December 2007? :roll:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

j-mac said:
Polls these days are very subjective...Just as you can cite a poll to back your
opinion, I can find an equal one to back mine....They are meaningless.
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LOL...!! Well forget it the numbers then.
We're in the midst of a recovery.

You needbto wake up and realize you folks elected an incompetent and realize the damage thats being done by Obama Care to the economy.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
Who was president when the recession began December 2007? :roll:
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Don't ya know silly wabbit Obama was a Senator then so it is Obama's fault!
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

winston53660 said:
Don't ya know silly wabbit Obama was a
Senator then so it is Obama's fault!
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Obama as a plaintiffs lawyer shook down banks in Chicago for "discrimination ".

Clinton's 1995 National HomeOwners Strategy reduced capital requirments to 3% on loans that could be purchased by the GSEs.

Allot of the push to lower or "loosen" lending standards started in Chicago and California AND Obama is calling for the lowering of standards through Ginne Mae and FHA.

Yea actually he a pretty big part in the collapse.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So you buy the liberal spin?
Click to expand...
So you buy the conservative spin? That we can whack $450 billion off the Department of Defense budget without resulting in a single job loss?


You and others seem to believe we need a 3.6 trillion dollar federal govt. when the reality is it is the private sector suffering not the public sector.
Click to expand...
First, I'm fine with intelligent cuts -- coupled with intelligent tax hikes and elimination of tax loopholes. The DOD in particular needs a good solid trim, since they are still spending at wartime levels, and the bill for veterans services for the next 50+ years will be huge. And a lot of those cuts have to be phased in over the next 5-10 years, to minimize the negative effect on GDP.

Second, almost all of the added jobs over the past 3 years are in the private sector, not public sector.


Higher taxes, more regulations, and Obamacare aren't prescriptions for economic growth and job creation.
Click to expand...
And yet, that is exactly what the majority of Americans expected when they voted Obama back into office.

Small tax hikes, especially on the rich, won't kill the recovery. Most of that capital is doing nothing -- it's sitting in banks or Treasury bills collecting almost no interest. Heck, even Reagan realized a small tax hike was necessary on occasion.

It should also be screamingly obvious that hacking away at the federal budget will result in job losses and will cut into GDP growth, but that doesn't stop conservatives from advocating it. Go figure.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

DA60 said:
March is a perfect example of what is happening to employment in America.

The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

But it went down.

Only because more Americans gave up looking for work (which is why the participation rate above is going down).
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The unemployment situation is NOT getting better in America, it is getting worse.

If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
No she hasn't...not even close.

The house of cards is growing.
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Well there you go ... Comment 55 suggests the question and Comment 67 answers it.
Doncha love it when it all comes together like that.
Too bad there are so many Obama deadenders here mucking up the landscape.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

MMC said:
Yeah, maybe Obama should quit talking about guns and get back to thinking about jobs. Some economists are saying Unemployment will rise to 7.8% and others are saying it will stay the same.

They never really agree on anything and yet counting numbers there really shouldn't be any excuses for mistakes.
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Or maybe we need need to put more effort into getting people employed instead of always talking about debt.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

DA60 said:
March is a perfect example of what is happening to employment in America.

The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

But it went down.

Only because more Americans gave up looking for work (which is why the participation rate above is going down).

The unemployment situation is NOT getting better in America, it is getting worse.

If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
No she hasn't...not even close.

The house of cards is growing.
Click to expand...

Good afternoon, DA60. :2wave:

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

DA60 said:
Good afternoon, polgara.

Thank you.
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Like your tag line...one that I am in complete agreement with, BTW! :2bow:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CaptinSarcastic said:
Here's a quick link...

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs | Think by Numbers
Click to expand...

You know, if you read the article, I really didn't see one instance where the government actually wrote a check or sent money to any corporation. The article said the government "spent" $92 billion on corporations. I know what happens when I "spend" money, and I didn't see any of that going at all.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

rcart76 said:
Or maybe we need need to put more effort into getting people employed instead of always talking about debt.
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Well Obama is touring the country on his Gun Issue again.....not about the Debt. As a matter of fact he does all he can to avoid talking about the economy.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

polgara said:
Like your tag line...one that I am in complete agreement with, BTW! :2bow:
Click to expand...

Cool...I think we will we better off when the house of cards gets blown over.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Visbek said:
So you buy the conservative spin? That we
can whack $450 billion off the Department of Defense budget without resulting in a single job loss?



First, I'm fine with intelligent cuts -- coupled with intelligent tax hikes and elimination of tax loopholes. The DOD in particular needs a good solid trim, since they are still spending at wartime levels, and the bill for veterans services for the next 50+ years will be huge. And a lot of those cuts have to be phased in over the next 5-10 years, to minimize the negative effect on GDP.

Second, almost all of the added jobs over the past 3 years are in the private sector, not public sector.



And yet, that is exactly what the majority of Americans expected when they voted Obama back into office.

Small tax hikes, especially on the rich, won't kill the recovery. Most of that capital is doing nothing -- it's sitting in banks or Treasury bills collecting almost no interest. Heck, even Reagan realized a small tax hike was necessary on occasion.

It should also be screamingly obvious that hacking away at the federal budget will result in job losses and will cut into GDP growth, but that doesn't stop conservatives from advocating it. Go figure.
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LOL !! The majority of Americans that re-elected Obama have a real hard time spelling the word "expected".

The others that "knew" he would raise taxes, increase regulations and continue to implement ObamaCare are even dumber than the people who just needed a handout.

And a higher GDP with Govt spending alone is NOT growth. Its an economy so desperately in trouble that the only thing holding it up is printed and borrowed currency. And its being done to the investment markets too as his useful idiots site the "new WallStreet records"

Or are you pushing the neo-Keynesian nonsense that we should keep spending ?

Because youve just admitted our only growth comes from the federal Govt's spending.

Hell why didn't he jist tell us this was his plan in 2007 ? " Im going to borrow and spend my way into a near collapse of our economy and call it a "recovery".

Also Obama's tax increases are NOT small by any comparison. They include people who are "fined" for not being able to afford an out of pocket expense for health Insurance. They include new taxes in Obama care that have been passed on to the middle class, and the near criminal devaluation of our currency because 60 million morons re-elected a incompetent.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Visbek said:
Uhm.... the unemployment rate has dropped most months since around 2010. You sure about that? ;)



The labor force participation rate has had a downward trend since 2002.

Labor-Force-Participation-Rate-thru-Summer-2012-Graph.jpg


It's mostly the Baby Boomers retiring. It's a long-term demographic trend, not a short-term event attributable to government policies.

On a side note, I find it hilarious that a small rise in the unemployment rate is a sign of doom, whereas any drop in the unemployment rate is mercilessly hammered as a flawed and politicized data.
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the rate was steady from 2003 thru most of 2008 and then it's been in a nose dive since. and no it's not mostly due to the baby boomers retiring, it's due mostly because of the people who have dropped out of the labor market because they are discouraged.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
Who was president when the recession began December 2007? :roll:
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GW Bush, when does this become the Obama economy? How long would you have survived in the private sector generating the results Obama has generated?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Visbek;1061656124]So you buy the conservative spin? That we can whack $450 billion off the Department of Defense budget without resulting in a single job loss?
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Really, 450 billion cut? You really buy the liberal rhetoric, don't you? What is it about liberalism that creates this kind of loyalty. That is 450 billion over 10 years which is 45 billion a year and yes we can cut the defense budget 45 billion because it is at record levels under Obama


First, I'm fine with intelligent cuts -- coupled with intelligent tax hikes and elimination of tax loopholes. The DOD in particular needs a good solid trim, since they are still spending at wartime levels, and the bill for veterans services for the next 50+ years will be huge. And a lot of those cuts have to be phased in over the next 5-10 years, to minimize the negative effect on GDP.
Click to expand...

What the hell is an intelligent tax hike? Taxing people who are producers? Having policies that allow 51% of income earning families to pay all the expenses of the govt including debt service?

Jobs added over the past three years aren't enough to keep up with population growth and show the total failure of Obama's economic policies and poor economic growth. You really have no concept of incentive and what drives a private sector economy


And yet, that is exactly what the majority of Americans expected when they voted Obama back into office.

Small tax hikes, especially on the rich, won't kill the recovery. Most of that capital is doing nothing -- it's sitting in banks or Treasury bills collecting almost no interest. Heck, even Reagan realized a small tax hike was necessary on occasion.

It should also be screamingly obvious that hacking away at the federal budget will result in job losses and will cut into GDP growth, but that doesn't stop conservatives from advocating it. Go figure.
Click to expand...


That is what the poorly informed and dependent classes expected with Obama and that is why there are over 22 million unemployed/under employed/discouraged workers and why 500,000 dropped out of the labor force last month. A true liberal success story?

Small tax hikes? to fund a 3.6 trillion dollar govt? Brilliant liberal economic policies. Reagan didn't increase income taxes nor did Reagan increase taxes on those evil people who produced

Hacking away at the current budget will force the dependent class to accept personal responsibility for a change
 
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