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Old School
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PostPosted: Fri Aug 03, 2012 3:22 pm    Post subject: Forty-one straight months above 8% Reply with quote

Unemployment figures came out today. Longest period of 8% or greater unemployment in US history.

Way to go Obummer!
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Muso
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PostPosted: Fri Aug 03, 2012 3:52 pm    Post subject: Reply with quote

Rose to 8.3%.

Definitely not the right track.
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PostPosted: Fri Aug 03, 2012 3:55 pm    Post subject: Reply with quote

But there were more than expected jobs America.

http://www.google.com/hostednews/afp/article/ALeqM5hVCwDxeXVg5yfiFRpfmWsDPf5bhg?docId=CNG.7580047f23ac0c846f8b00472a58040c.1c1

Quote:
... but ignored data showing the economy created far more jobs than expected.
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PostPosted: Fri Aug 03, 2012 6:05 pm    Post subject: Reply with quote

8.2% 2 months ago, 8.3% now.

Wrong direction and no amount of spin can fix that.
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PostPosted: Fri Aug 03, 2012 6:16 pm    Post subject: Reply with quote

Isn't the non-Statist-fudged statistic more like 20-25%?
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Old School
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PostPosted: Fri Aug 03, 2012 6:19 pm    Post subject: Reply with quote

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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PostPosted: Sat Aug 04, 2012 1:45 am    Post subject: Reply with quote

Also,

48 months of GDP growth
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PostPosted: Sat Aug 04, 2012 1:46 am    Post subject: Reply with quote

sugar wrote:
Also,

48 months of GDP growth
lol gdp statistics
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PostPosted: Sat Aug 04, 2012 2:20 am    Post subject: Reply with quote

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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PostPosted: Sat Aug 04, 2012 2:31 am    Post subject: Reply with quote

It'll take a long, long time to clear up Bush's mess.
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PostPosted: Sat Aug 04, 2012 9:26 am    Post subject: Reply with quote

:roll:
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PostPosted: Sat Aug 04, 2012 8:33 pm    Post subject: Reply with quote

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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PostPosted: Sat Aug 04, 2012 9:30 pm    Post subject: Reply with quote

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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PostPosted: Sat Aug 04, 2012 10:32 pm    Post subject: Reply with quote

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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PostPosted: Sat Aug 04, 2012 10:35 pm    Post subject: Reply with quote

sugar wrote:
Also,

48 months of GDP growth

Hey sugar, the DNC is still hacking your account. Don't you think it is time to change your password?
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PostPosted: Sat Aug 04, 2012 11:08 pm    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 6:18 am    Post subject: Reply with quote

Old School wrote:
sugar wrote:
Also,

48 months of GDP growth

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?
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PostPosted: Sun Aug 05, 2012 6:30 am    Post subject: Reply with quote

sugar wrote:
Old School wrote:
sugar wrote:
Also,

48 months of GDP growth

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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PostPosted: Sun Aug 05, 2012 6:37 am    Post subject: Reply with quote

runningwithscissors wrote:
sugar wrote:
Old School wrote:
sugar wrote:
Also,

48 months of GDP growth

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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PostPosted: Sun Aug 05, 2012 6:44 am    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 6:59 am    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 7:10 am    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 7:56 am    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 10:07 am    Post subject: Reply with quote

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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PostPosted: Sun Aug 05, 2012 11:51 pm    Post subject: Reply with quote

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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