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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%

pbrauer said:
LOL Why don't you answer the question I asked? The ONLY reason I brought up Bush promoting homes was because Bronson trying blame the Democats for doing the same thing.
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There is nothing wrong with promoting home ownership but the problem was Democrats refused to legislate to prevent abuse of the system and you want to blame Bush for that. You have yet to acknowledge that it wasn't Bush alone that created the housing crisis and that is the point. Stop blaming Bush and accept responsibility on behalf of Democrats
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So let me see if I have this right, you don't believe the massive printing of money has any effect on inflation and interest rates? Interesting since I didn't know printing money grew the economy
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Let's examine the data: FED's balance sheet on left, inflation on the right.

fredgraph.png


Libertarian means anyone of that persuasion, which you claim to be
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Your decision to discuss it has lead to a red herring.

Not all is right and that is the point.
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What point? You can't have it both ways. In one hand you say the financial crisis was not that bad (all we needed was patience) and on the other you say "not all is right". Which is it?

In the private sector there are going to be failures and successes, not all banks wanted TARP money and that is the point. I stand by my point

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009
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A blog post from 2009 is of no interest to me. Recapitalization was a necessary step in regaining confidence in the financial sector.

Nor is yours, I am waiting for who those people are that lost wealth since apparently you and millions of others including me aren't among them. Maybe I am indeed smarter than many here but don't tout in and certainly am not given any credit for it
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You have been provided the data. Aggregate real net wealth is not at 2007 levels. This is simply a matter of fact.
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Samhain said:
People who signed up for "make your payment" loans or adjustable 3/1,5/1 mortgages under the guise that they would inflate their home's value to cover the potential risk were stupid.
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This represents what share of total mortgage defaults? If you cannot provide the evidence, it makes little sense to make talking points.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
There is nothing wrong with promoting home ownership but the problem was Democrats refused to legislate to prevent abuse of the system and you want to blame Bush for that. You have yet to acknowledge that it wasn't Bush alone that created the housing crisis and that is the point. Stop blaming Bush and accept responsibility on behalf of Democrats
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Remind me, who held the majorities in Congress 95-07?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
Remind me, who held the majorities in Congress 95-07?
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As I recall the recession began in December 2007 for fiscal year 2008 when Democrats controlled the purse strings and the legislative agenda. I am sure Harry Reid and Nancy Pelosi were excited about reigning in Freddie and Fanny as well as cutting back on home loans
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Stop blaming Bush and accept responsibility on behalf of Democrats
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But I thought you said the "Buck stops at the president"? That's what you keep claiming with Obama. You said a REAL leader accepts responsibility and at that time, that would have been Bush. So YOU should hold Bush fully accountable. Unless of course you are being hypocritical, which is quite common.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
Let's examine the data: FED's balance sheet on left, inflation on the right.

fredgraph.png




Your decision to discuss it has lead to a red herring.



What point? You can't have it both ways. In one hand you say the financial crisis was not that bad (all we needed was patience) and on the other you say "not all is right". Which is it?



A blog post from 2009 is of no interest to me. Recapitalization was a necessary step in regaining confidence in the financial sector.



You have been provided the data. Aggregate real net wealth is not at 2007 levels. This is simply a matter of fact.
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So tell me what economic policies has Obama implemented to restore the net worth of those who suffered during the 07-09 recession? Seems that placing blame isn't the problem, but finding solutions is. Think the unemployed/under employed/discouraged workers or the 500,000 that dropped out of the labor force have had their net worth restored?

By the way, here are the numbers you want to ignore.

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNS13327709
Seasonally Adjusted
Series title: (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status: Aggregated totals unemployed
Type of data: Percent or rate
Age: 16 years and over
Percent/rates: Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached
Years: 2002 to 2012

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.1 11.8 12.7 13.5
2009 14.2 15.1 15.7 15.8 16.4 16.5 16.5 16.7 16.8 17.2 17.1 17.1
2010 16.7 17 17 17.1 16.6 16.5 16.5 16.5 16.8 16.7 16.9 16.6
2011 16.2 16 15.8 16 15.8 16.1 16 16.1 16.3 16 15.5 15.2
2012 15.1 15 14.5 14.5 14.8 14.8 14.9 14.7 14.7 14.5 14.4 14.4
2013 14.4 14.3 13.8
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Wonder what those numbers would be if the labor force grew at even the rate of population growth and rather than dropping out they were actually counted as unemployed, which they are
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
As I recall the recession began in December 2007 for fiscal year 2008 when Democrats controlled the purse strings and the legislative agenda. I am sure Harry Reid and Nancy Pelosi were excited about reigning in Freddie and Fanny as well as cutting back on home loans
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So you ignore your previous argument about "dems not passing "anti-abuse" legislation when they were not in control, and fall back to your thoroughly debunked tin foil argument about dems holding a tiny Senate majority causing the worst economic collapse since 29..... after home prices had already peaked!

Con, do you honestly believe that I have forgotten your silly ruses?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

TheNextEra said:
But I thought you said the "Buck stops at the president"? That's what you keep claiming with Obama. You said a REAL leader accepts responsibility and at that time, that would have been Bush. So YOU should hold Bush fully accountable. Unless of course you are being hypocritical, which is quite common.
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I have said over and over again the President didn't create the crisis ALONE and of course he and Congress are responsible. We don't elect a king, we elect a Representative govt. I would have thought you understood that.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
I have said over and over again the President didn't create the crisis ALONE and of course he and Congress are responsible. We don't elect a king, we elect a Representative govt. I would have thought you understood that.
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No, you have fully blamed Obama for the economy, so yeah, you are being hypocritical when you don't apply it to Bush.

Shall I dig up the posts where you claimed "the buck stops at the president" and "A REAL leader accepts responsibility"?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
So you ignore your previous argument about "dems not passing "anti-abuse" legislation when they were not in control, and fall back to your thoroughly debunked tin foil argument about dems holding a tiny Senate majority caused the worst economic collapse after home prices had already peaked!

Con, do you honestly believe that I have forgotten your silly ruses?
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What the hell are you rambling about now? Bush took a shellacking in November 2006 all because of Iraq and Democrats had overwhelming numbers with Reid and Pelosi controlling the legislation. Seems you don't understand basic civics but you do a good job of ignoring posts and then hoping that the points made are forgotten like the 2009 budget and who spent the most including when that budget was signed.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

TheNextEra said:
No, you have fully blamed Obama for the economy, so yeah, you are being hypocritical when you don't apply it to Bush.

Shall I did up the posts where you claimed "the buck stops at the president" and "A REAL leader accepts responsibility"?
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Name for me a successful economic program that Obama proposed or implemented that generated positive economic results? Bush implemented the tax cuts that were fully implemented in July 2003 that generated strong economic results.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
What the hell are you rambling about now? Bush took a shellacking in November 2006 all because of Iraq and Democrats had overwhelming numbers with Reid and Pelosi controlling the legislation. Seems you don't understand basic civics but you do a good job of ignoring posts and then hoping that the points made are forgotten like the 2009 budget and who spent the most including when that budget was signed.
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LOL....again, the rambling is your inane argument that the dems caused the 2007 Recession.....because they were sworn in on Jan of 07!

I mean you are constantly repeating that we need to take civics an econ classes, but you never seem to able to make a correlation argument for it. I love the comedic aspect.....but stop clowning around.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Name for me a successful economic program that Obama proposed or implemented that generated positive economic results? Bush implemented the tax cuts that were fully implemented in July 2003 that generated strong economic results.
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The result in 2008, when he left office, was a sinking ship.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So tell me what economic policies has Obama implemented to restore the net worth of those who suffered during the 07-09 recession? Seems that placing blame isn't the problem, but finding solutions is. Think the unemployed/under employed/discouraged workers or the 500,000 that dropped out of the labor force have had their net worth restored?
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This is repetitive, as we have been through this multiple times. I will state my position, and you will disagree. No point in continuation a discussion to nowhere.

Wonder what those numbers would be if the labor force grew at even the rate of population growth and rather than dropping out they were actually counted as unemployed, which they are
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Play with the jobs calculator yourself.

Jobs Calculator - Federal Reserve Bank of Atlanta
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
LOL....again, the rambling is your inane argument that the dems caused the 2007 Recession.....because they were sworn in on Jan of 07!

I mean you are constantly repeating that we need to take civics an econ classes, but you never seem to able to make a correlation argument for it. I love the comedic aspect.....but stop clowning around.
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It took me longer this time because I was in the mood to engage you in debate but that time is up, lost patience, bye. If you want to get back on topic I will see it and respond
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
...
Bush took a shellacking in November 2006 all because of Iraq and Democrats had overwhelming numbers with Reid and Pelosi controlling the legislation.
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....
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That was different and as soon as I can come up a reason why I'll get back to ya.
For now let's just say it's different when the Demcrats control the WH and the Legislature.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
The result in 2008, when he left office, was a sinking ship.
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We have a sinking ship now unless you believe a 17 trillion debt and growing in a 15 trillion dollar a year economy can survive
 
pbrauer said:
Requires a subscription, which I am not buying.
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Lol...you'll buy the drek that comes out of the WH and the lies that comes out of your corrupt ideology.

Why dont you spend a little money and actuly aqcuire some WISDOM instead of relying on lies and misinformation.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So tell me what economic policies has Obama implemented to restore the net worth of those who suffered during the 07-09 recession? Seems that placing blame isn't the problem, but finding solutions is. Think the unemployed/under employed/discouraged workers or the 500,000 that dropped out of the labor force have had their net worth restored?

By the way, here are the numbers you want to ignore.



Wonder what those numbers would be if the labor force grew at even the rate of population growth and rather than dropping out they were actually counted as unemployed, which they are
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LOL What is the reason you left off 2001?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

bubbabgone said:
How's the ship been doing for the last 4 years?
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great, we added over 6 trillion to the debt to get back to the employment level we had when he took office. He has done a great job adding people to the welfare roles, the poverty roles, the disability roles, and getting people to drop out of the labor force.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
LOL What is the reason you left off 2001?
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Because of the recession and 9/11. If you want the numbers I will give them to you but what purpose would it serve. I believe I have posted those numbers in the past. BLS dropped those numbers off and I didn't filter it back that far. I am sure you can do that
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
great, we added over 6 trillion to the debt to get back to the employment level we had when he took office. He has done a great job adding people to the welfare roles, the poverty roles, the disability roles, and getting people to drop out of the labor force.
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So you're saying he's quite good at executing his plan. I have to agree. But he's had a lot of help.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
This is repetitive, as we have been through this multiple times. I will state my position, and you will disagree. No point in continuation a discussion to nowhere.



Play with the jobs calculator yourself.

Jobs Calculator - Federal Reserve Bank of Atlanta
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Don't have to, just look at BLS.gov and get the answers, in December 2007 there were 146 million employed on a labor force of 153.9 whereas today that number is 143 million with a labor force of 155 million so pardon me if I don't get excited about employment growth that just returned to January 2009 levels in a labor force that hasn't kept up with population growth.
 
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