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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%

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?
Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-3269-29-281-41-126-122-156-244-327-296-172
2002-143-135-22-83-652-92-14-581247-162
200389-158-215-51-10-320-4410519713119
200415943333247306783712515534365128
20051302401353621682463721926581335158
20062743162801812180210179159-3205169
2007234901867614180-35-24778611193
200814-85-79-215-186-169-216-270-459-472-775-705
2009-794-695-830-704-352-472-351-210-233-170-21-220
2010-13-40154229521-130-86-37-4322814495
20116919620530411520978132225166174230
201231127120511212587153165138160247219
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-3269-29-281-41-126-122-156-244-327-296-172
2002-143-135-22-83-652-92-14-581247-162
200389-158-215-51-10-320-4410519713119
200415943333247306783712515534365128
20051302401353621682463721926581335158
20062743162801812180210179159-3205169
2007234901867614180-35-24778611193
200814-85-79-215-186-169-216-270-459-472-775-705
2009-794-695-830-704-352-472-351-210-233-170-21-220
2010-13-40154229521-130-86-37-4322814495
20116919620530411520978132225166174230
201231127120511212587153165138160247219

I noticed you chose not to answer the question. When does the current office holder begin to take responsibility for the economy (both good AND bad)?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

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

Hacking away at the current budget will lead to recession. This is simply a matter of fact.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-3269-29-281-41-126-122-156-244-327-296-172
2002-143-135-22-83-652-92-14-581247-162
200389-158-215-51-10-320-4410519713119
200415943333247306783712515534365128
20051302401353621682463721926581335158
20062743162801812180210179159-3205169
2007234901867614180-35-24778611193
200814-85-79-215-186-169-216-270-459-472-775-705
2009-794-695-830-704-352-472-351-210-233-170-21-220
2010-13-40154229521-130-86-37-4322814495
20116919620530411520978132225166174230
201231127120511212587153165138160247219

And of course that gives Obama's a pass? I suggest you pay attention to what happened after the Bush tax cuts went into full effect in July 2003 and then what happened when democrats took control of the Congress in January 2007. What is it about liberalism that creates your kind of loyalty because you cannot seem to get over GW Bush. Is that simply your attempt to divert from the dismal Obama performance?

Here we are in the fifth year of the Obama Presidency and you are still focused on Bush. Looks a lot like Bush Derangement Syndrom to me and someone who lacks basics civics as well as economics understanding.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Hacking away at the current budget will lead to recession. This is simply a matter of fact.

Let's hear some ideas...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Definitely a subpar figure considering the median projections. Seems the only positive news to speak of would be the positive revisions for both January and February's figures.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Obama didn't generate the economy, it was falling like a rock when he became president. President Bush's economy was nothing t write home about either.


YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-3269-29-281-41-126-122-156-244-327-296-172
2002-143-135-22-83-652-92-14-581247-162
200389-158-215-51-10-320-4410519713119
200415943333247306783712515534365128
20051302401353621682463721926581335158
20062743162801812180210179159-3205169
2007234901867614180-35-24778611193
200814-85-79-215-186-169-216-270-459-472-775-705
2009-794-695-830-704-352-472-351-210-233-170-21-220
2010-13-40154229521-130-86-37-4322814495
20116919620530411520978132225166174230
201231127120511212587153165138160247219

Your'e seriously arguing that after 4 years, Obama isn't responsible for his policies and their disastrous effect on our economy ? Is that the position of the left wing now ? To act like 4 year olds ?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

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.
As if a lawsuit centered around local lending practices caused the financial crisis! He wasn't even the primary attorney on the case!
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Hacking away at the current budget will lead to recession. This is simply a matter of fact.


Kush, if we have to continually borrow to show "growth", even a measly "growth" that does't outrun population, and more and more people are having to depend on Govt assistance, who cares if we're not currently in a "recession".

Which is technically two consecutive quarters of NO growth.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Let's hear some ideas...

Larger deficits in the form of public works projects, along with other aspects of infrastructure investment, until GDP begins to converge with potential GDP (full employment).

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

Larger deficits in the form of public works projects, along with other aspects of infrastructure investment, until GDP begins to converge with potential GDP (full employment).

fredgraph.png

How about I give you power grid improvement for energy freedom?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I noticed you chose not to answer the question. When does the current office holder begin to take responsibility for the economy (both good AND bad)?
He already said he has. But in reality its the responsibility of the President and both houses of Congress.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kush, if we have to continually borrow to show "growth", even a measly "growth" that does't outrun population, and more and more people are having to depend on Govt assistance, who cares if we're not currently in a "recession".

Which is technically two consecutive quarters of NO growth.

I figured deficit hawks would support avoiding recessions, given the linear relationship between tax revenue and output growth.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

He already said he has. But in reality its the responsibility of the President and both houses of Congress.

Would you remind me of what responsibility he has taken for the economy? I can't recall an example...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

As if a lawsuit centered around local lending practices caused the financial crisis! He wasn't even the primary attorney on the case!

Uh huh, I've been debating whether or not to proceed with a new sub-prime thread that mentions his and his White House ilk ( Valerie Jarret and Eric Holder ) direct involvement in the shaking down of Chicago Banks AND this new push for sub-prime among Ginie -Mae FHA loans.

The last sub-prime thread I started was such a blast.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I sure hope your tongue is firmly implanted in your cheek....Are you really proposing that the best Obama can do is stagnation? :doh Shades of Carter for sure...
I'm curious, are you really proposing that job creation was indeed stagnant under Carter?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Would you remind me of what responsibility he has taken for the economy? I can't recall an example...
No, Do you know how to use Google????
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I figured deficit hawks would support avoiding recessions, given the linear relationship between tax revenue and output growth.


Again Kush, if we're economically worse off than we were in previous recessions, what's the point in clinging to technical definition of a "recession" ? And what say you on Japans new quantitative easing ? ( unrelated...as of now but just curious )
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Isn't the power grid part of our infrastructure?

Yes it is a subset. It does not address the crumbling status of the rest of our infrastructure.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."

There's no evidence whatsoever that the sequester has (yet) had any effect.:cool:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And what say you on Japans new quantitative easing ? ( unrelated...as of now but just curious )

10 years too late, yet better than upholding the status quo.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Really, 450 billion cut?
My bad, I should have specified "$47 billion cut for the remaining 7 months of FY2013" (since no one really knows how future budgets will look).


and yes we can cut the defense budget 45 billion because it is at record levels under Obama
...who was dealing with 2 wars, started by Bush.

FYI, Obama not only cut DOD spending by $15 billion for FY2013, the estimated plan was to cut it by $102 billion in FY2014, and yes, cut it significantly over a 10 year period.


What the hell is an intelligent tax hike? Taxing people who are producers?
Please. Many of the high wage-earners are not "producers," they are rentiers, and their effective tax rates are pretty low -- such as Mitt Romney, who didn't even declare all his charitable deductions to keep his tax rate around 14%.

An intelligent tax hike is one that blows away the hedge-fund loopholes, where the earnings are taxed as capital gains rather than as income; or, has slightly higher estate taxes; or taxes executive stock options, the trick that allowed Facebook to pull in $1 billion on its IPO, and get a tax refund of $451 million, or... ( Private Jet as Security Write-Off? 10 Most Insane Tax Loopholes | Alternet )


Having policies that allow 51% of income earning families to pay all the expenses of the govt including debt service?
Please. Stop the madness.

Lots of people don't have to pay federal income tax because -- wait for it -- both Republicans and Democrats pushed for the Earned Income Tax Credit. Most of those people, however do have to pay payroll taxes.


Jobs added over the past three years aren't enough to keep up with population growth...
Yes. That tends to happen during and after the worst recession in 70 years.

If you imagine that any president could produce a recovery in 2 years, then you're living in a fantasy world. Even Reagan, who wasn't dealing with nearly as bad of a situation, didn't create a lot of jobs during his first few years in office:

united-states-unemployment-rate.png



Small tax hikes? to fund a 3.6 trillion dollar govt?
Intelligent tax hikes AND intelligent spending cuts.


Reagan didn't increase income taxes...
Yes, he did. He raised taxes repeatedly when he was the governor of California, and raised taxes 11 times during his Presidency. Remember, Reagan served his term before the Republicans became dogmatic about tax cuts.


Hacking away at the current budget will force the dependent class to accept personal responsibility for a change
"Hacking away" at it unintelligently won't do jack.

The real problem facing the future isn't how much money is spent by the FAA or the Department of Energy or TANF. It's mostly social insurance for the elderly. Obama is already discussing switching to "chained CPI" for increases, which actually does mean a cut in Social Security increases, and the Republicans throw a temper tantrum when Obama claims that Obamacare will cut Medicare costs.

I might add that most of the "dependent" classes are senior citizens, who have worked all their lives for Social Security. But hey, if the Republicans want to alienate one of the largest and fastest-growing constituencies in the US, who am I to complain...? :mrgreen:
 
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