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Old 01-15-2012, 05:11 PM
 
Location: Texas
14,969 posts, read 13,776,791 times
Reputation: 4539

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Bottom Line - Jobs gains may not help Obama's re-election bid (http://bottomline.msnbc.msn.com/_news/2012/01/13/10149044-jobs-gains-may-not-help-obamas-re-election-bid?utm_source=web&utm_medium=twitter - broken link)

This is an interesting piece (it's from MSNBC for you liberals ) that discusses why all the new jobs may not be so good for Obama.

The author believes that the number of discouraged workers coming back into the labor force will cause the unemployment rate to increase again. I happen to agree with that view, and I've mentioned it on this forum before.

This piece also discusses that the recent increase in spending is from borrowed money more than wages and that a consumer spending crunch could lead us into another recession.

Obviously (though this is not mentioned in this piece), whatever happens in Europe could play a big role in what happens to our economy as well.
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Old 01-15-2012, 05:14 PM
 
Location: San Antonio Texas
11,435 posts, read 15,960,800 times
Reputation: 5224
Quote:
Originally Posted by afoigrokerkok View Post
Bottom Line - Jobs gains may not help Obama's re-election bid (http://bottomline.msnbc.msn.com/_news/2012/01/13/10149044-jobs-gains-may-not-help-obamas-re-election-bid?utm_source=web&utm_medium=twitter - broken link)

This is an interesting piece (it's from MSNBC for you liberals ) that discusses why all the new jobs may not be so good for Obama.

The author believes that the number of discouraged workers coming back into the labor force will cause the unemployment rate to increase again. I happen to agree with that view, and I've mentioned it on this forum before.

This piece also discusses that the recent increase in spending is from borrowed money more than wages and that a consumer spending crunch could lead us into another recession.

Obviously (though this is not mentioned in this piece), whatever happens in Europe could play a big role in what happens to our economy as well.


I heard Robert Reich, former Secty of Labor say the same thing about the returning discouraged workers on an NPR piece. Hope that it's not so.
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Old 01-15-2012, 06:55 PM
 
Location: Texas
14,969 posts, read 13,776,791 times
Reputation: 4539
Any more insightful liberal posters care to weigh in?
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Old 01-16-2012, 01:09 AM
 
Location: NC
10,005 posts, read 8,725,251 times
Reputation: 3062
Quote:
Originally Posted by afoigrokerkok View Post
Bottom Line - Jobs gains may not help Obama's re-election bid (http://bottomline.msnbc.msn.com/_news/2012/01/13/10149044-jobs-gains-may-not-help-obamas-re-election-bid?utm_source=web&utm_medium=twitter - broken link)

This is an interesting piece (it's from MSNBC for you liberals ) that discusses why all the new jobs may not be so good for Obama.

The author believes that the number of discouraged workers coming back into the labor force will cause the unemployment rate to increase again. I happen to agree with that view, and I've mentioned it on this forum before.

This piece also discusses that the recent increase in spending is from borrowed money more than wages and that a consumer spending crunch could lead us into another recession.

Obviously (though this is not mentioned in this piece), whatever happens in Europe could play a big role in what happens to our economy as well.
1. The election is a long ways away still and there is no telling what could happen in the mean time and with over ten months to go until the election it is going to be hard to predict employment rates that far out.

2. Even the article acknowledges, to the delight of sane people and chagrin of Republicans, that the economy is trending in the right direction for now, whether that continues to be the case is uncertain.

3. Discouraged workers have been coming back into the workforce all throughout the past year it isn't something that just started last week. Thus why the est. of discouraged workers has declined by about 1/4 from 1.3 million to 950K and while that will likely means unemployment will decline more slowly I am not certain it will cause it to rise all that suddenly barring some other event.

4. As to spending of borrowed money I seriously doubt that will lead us into another recession as the personal savings rate of 3.5% is on par or higher then it was through much of pre recession 2000s and late 1990s.

Last edited by Randomstudent; 01-16-2012 at 01:20 AM..
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