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Old School
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Joined: 20 Nov 2004
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Location: The Covered Bridge Capital of Oregon
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 Posted: Fri Aug 03, 2012 3:22 pm Post subject: Forty-one straight months above 8% |
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Unemployment figures came out today. Longest period of 8% or greater unemployment in US history.
Way to go Obummer!
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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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| Posted: Fri Aug 03, 2012 3:52 pm Post subject: |
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Rose to 8.3%.
Definitely not the right track.
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notageek
Tux's lil' helper
Joined: 05 Jun 2008
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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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| Posted: Fri Aug 03, 2012 6:05 pm Post subject: |
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8.2% 2 months ago, 8.3% now.
Wrong direction and no amount of spin can fix that.
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tylerwylie
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Joined: 19 Sep 2004
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Location: /US/Illinois/Champaign
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| Posted: Fri Aug 03, 2012 6:16 pm Post subject: |
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Isn't the non-Statist-fudged statistic more like 20-25%?
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Old School
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Joined: 20 Nov 2004
Posts: 231
Location: The Covered Bridge Capital of Oregon
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| Posted: Fri Aug 03, 2012 6:19 pm Post subject: |
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| tylerwylie wrote: | | Isn't the non-Statist-fudged statistic more like 20-25%? |
Closer to 18% I believe.
86,828,000 out of the workforce according to Bureau of Labor Statistics.
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sugar
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Location: Morrinsville, New Zealand
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tylerwylie
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Joined: 19 Sep 2004
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Location: /US/Illinois/Champaign
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| Posted: Sat Aug 04, 2012 1:46 am Post subject: |
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lol gdp statistics
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runningwithscissors
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Joined: 21 Apr 2006
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Location: the third world
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| Posted: Sat Aug 04, 2012 2:20 am Post subject: |
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Your economy has been stable for much of the past year. Maybe in a few months you ought to inject another stimulus, in the right sectors this time which are seeing high unemployment, to get it back to normal. 
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mcgruff
Tux's lil' helper
Joined: 28 Dec 2004
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| Posted: Sat Aug 04, 2012 2:31 am Post subject: |
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It'll take a long, long time to clear up Bush's mess.
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BoneKracker
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Joined: 14 Mar 2006
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| Posted: Sat Aug 04, 2012 9:26 am Post subject: |
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pjp
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Location: Colorado
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| Posted: Sat Aug 04, 2012 8:33 pm Post subject: |
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| mcgruff wrote: | | It'll take a long, long time to clear up Bush's mess. |
Assuming we can ever recover from Bush44.
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In Loving Memory
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BoneKracker
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| Posted: Sat Aug 04, 2012 9:30 pm Post subject: |
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| pjp wrote: | | mcgruff wrote: | | It'll take a long, long time to clear up Bush's mess. |
Assuming we can ever recover from Bush44. |
And Carter.
The big mess -- the really big one -- the tens of trillions in unfunded liabilities (last estimate I heard was 80 Trillion) which must be dealt with and which each president just keeps kicking down the road to the next one (although Reagan did make some inroads on it), was Johnson and Kennedy's mess.
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Old School
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Joined: 20 Nov 2004
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Location: The Covered Bridge Capital of Oregon
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| Posted: Sat Aug 04, 2012 10:32 pm Post subject: |
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| runningwithscissors wrote: | | Your economy has been stable for much of the past year. Maybe in a few months you ought to inject another stimulus, in the right sectors this time which are seeing high unemployment, to get it back to normal. |
You mean just giving a trillion dollars to your political masters (as Obummer did the last time) just won't work?
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Old School
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Location: The Covered Bridge Capital of Oregon
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| Posted: Sat Aug 04, 2012 10:35 pm Post subject: |
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Hey sugar, the DNC is still hacking your account. Don't you think it is time to change your password?
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Old School
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Location: The Covered Bridge Capital of Oregon
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| Posted: Sat Aug 04, 2012 11:08 pm Post subject: |
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| mcgruff wrote: | | It'll take a long, long time to clear up Bush's mess. |
At least Obummer used that stimulus for all those shovel ready infrastructure jobs to keep the unemployment below 8%.
Oh wait. He gave all that money to Barney Frank's "good friends."
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sugar
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runningwithscissors
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Joined: 21 Apr 2006
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Location: the third world
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| Posted: Sun Aug 05, 2012 6:30 am Post subject: |
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| sugar wrote: | | Old School wrote: |
Hey sugar, the DNC is still hacking your account. Don't you think it is time to change your password? |
You don't want GDP growth? |
You want 8%+ employment and 2% and falling quarterly growth? Why do you want everybody to be poor?
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sugar
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Joined: 07 Aug 2004
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Location: Morrinsville, New Zealand
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| Posted: Sun Aug 05, 2012 6:37 am Post subject: |
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| runningwithscissors wrote: | | sugar wrote: | | Old School wrote: |
Hey sugar, the DNC is still hacking your account. Don't you think it is time to change your password? |
You don't want GDP growth? |
You want 8%+ employment and 2% and falling quarterly growth? Why do you want everybody to be poor? |
oh, so you're one of them!
you want growth, only if growth means people get jobs? you want growth, only with a less inequality?
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runningwithscissors
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| Posted: Sun Aug 05, 2012 6:44 am Post subject: |
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| sugar wrote: | oh, so you're one of them!
you want growth, only if growth means people get jobs? you want growth, only with a less inequality? |
What are you on about? Do you try to be vague on purpose?
Growth doesn't mean people get jobs. Growth means that people have jobs and are being productive and contributing to growth. Jobs that create value.
Just pointing at a poor growth rate as evidence of good economic policy is disingenuous.
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sugar
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Location: Morrinsville, New Zealand
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| Posted: Sun Aug 05, 2012 6:59 am Post subject: |
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| runningwithscissors wrote: | | sugar wrote: | oh, so you're one of them!
you want growth, only if growth means people get jobs? you want growth, only with a less inequality? |
What are you on about? Do you try to be vague on purpose?
Growth doesn't mean people get jobs. Growth means that people have jobs and are being productive and contributing to growth. Jobs that create value.
Just pointing at a poor growth rate as evidence of good economic policy is disingenuous. |
you see a trend where there is only random fluctuation.
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runningwithscissors
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| Posted: Sun Aug 05, 2012 7:10 am Post subject: |
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| sugar wrote: | | you see a trend where there is only random fluctuation. |
Barely above inflation most of the time. And rampant unemployment meaning more people grabbing pieces of a pie that isn't getting bigger. Obama had 4 years to fix it. He couldn't. No amount of your cheerleading is going to change that.
Unless you want to keep everybody poor, I don't see the motivation in excusing Obama's performance in this realm.
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sugar
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| Posted: Sun Aug 05, 2012 7:56 am Post subject: |
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| runningwithscissors wrote: | | sugar wrote: | | you see a trend where there is only random fluctuation. |
Barely above inflation most of the time. And rampant unemployment meaning more people grabbing pieces of a pie that isn't getting bigger. Obama had 4 years to fix it. He couldn't. No amount of your cheerleading is going to change that.
Unless you want to keep everybody poor, I don't see the motivation in excusing Obama's performance in this realm. |
GDP figures are already adjusted for inflation, and you need a little inflation to increase wages.
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BoneKracker
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| Posted: Sun Aug 05, 2012 10:07 am Post subject: |
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Adjusting for inflation is only part of it. One must adjust for population growth as well. The useful metric is Per Capital Read GDP, and it is only one aspect of economic health. Saying "So what, GDP is growing! Therefore the economy is healthy!" when somebody brings up persistently high unemployment is like a doctor telling an AIDS patient "So what, you're cancer-free! Therefore you're healthy!"
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sugar
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| Posted: Sun Aug 05, 2012 11:51 pm Post subject: |
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| BoneKracker wrote: | | Adjusting for inflation is only part of it. One must adjust for population growth as well. The useful metric is Per Capital Read GDP, and it is only one aspect of economic health. Saying "So what, GDP is growing! Therefore the economy is healthy!" when somebody brings up persistently high unemployment is like a doctor telling an AIDS patient "So what, you're cancer-free! Therefore you're healthy!" |
counting population accurately is far far harder than accurately estimating gdp.
Sure, using gdp per capita stats would be nice.
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