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Old 02-28-2012, 08:38 PM
 
Location: Unperson Everyman Land
30,481 posts, read 20,126,631 times
Reputation: 8392

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Quote:
Originally Posted by Ford Beebe View Post
Obama declared himself God? Must have missed that.

The economy has been growing, as have jobs. You might have missed that on Fox News.

Losing half the Dow's value and 700K jobs a month was "bliss"?

Was the misspelling of "president" also intentional?

Lowest workforce participation rate in three decades is nothing to brag about.

Bureau of Labor Statistics Data
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Old 02-28-2012, 08:43 PM
 
Location: SE Arizona - FINALLY! :D
19,872 posts, read 22,800,537 times
Reputation: 7186
Quote:
Originally Posted by momonkey View Post
That SUCKS!

3.6% in 27 months is worth mentioning.

The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp?StartYear=1982-12&EndYear=1985-03&submit1=Create+Report - broken link)


1.8% in 27 months...not so much.

The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp?StartYear=2009-10&EndYear=2012-01&submit1=Create+Report - broken link)
How do you feel about an UE rate INCREASE of 3.6% in 16 months?
You know - the AMOUNT unemployment INCREASED immediately after Reagan's TAX CUTS went into effect?

Yeah, under Reagan the UE rate fell faster than it did under Obama - and it also ROSE HIGHER AND FASTER - oh, and don't try and pin that on Carter because THAT increase in the UE rate didn't even START until Reagan had been in office for SIX MONTHS. The climb began IMMEDIATELY after the tax cuts were enacted - and continued to climb (from 7.4% to 10.8% - higher than anytime under Obama) for another 15 MONTHS.
Care to MENTION that?

The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp?StartYear=1980-12&EndYear=1982-11&submit1=Create+Report - broken link)

Ken
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Old 02-28-2012, 08:46 PM
 
Location: SE Arizona - FINALLY! :D
19,872 posts, read 22,800,537 times
Reputation: 7186
Quote:
Originally Posted by momonkey View Post
Lowest workforce participation rate in three decades is nothing to brag about.

Bureau of Labor Statistics Data
Workforce participation rate will CONTINUE to fall no matter what the economy does and no matter WHO is President or WHO controls Congress - for the simple reason that the Babyboomers - the largest demographic wave in American history - have started to (and will continue to) enter their retirement years.

Ken
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Old 02-28-2012, 08:47 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,790,372 times
Reputation: 8838
Quote:
Originally Posted by bchris02 View Post
I doubt Republicans want to see the economy decline, but most aren't totally naive about it either. Check out these links.


Orders for durable goods plunge after tax benefit expires - Feb. 28, 2012

News Headlines

News Headlines

News Headlines

Online grocers and food trucks prep for a rise in gas prices - Feb. 28, 2012

Home prices are lowest since 2002 - Feb. 28, 2012

I could care less about the gosh darn Dow. When home prices are still falling to record lows, the labor market participation rate (the true measure of unemployment) is still falling, gas prices are skyrocketing, and its still darn near impossible to find a job, I cannot agree with Obama supporters that this economy is so great.
JPMorgan Chase and Bank of America/Bangladesh support Obama

This is the reason, as Indep., i will NOT be voting for him in November.
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Old 02-28-2012, 08:48 PM
 
Location: SE Arizona - FINALLY! :D
19,872 posts, read 22,800,537 times
Reputation: 7186
Quote:
Originally Posted by momonkey View Post
It SUCKS!

United States Consumer Confidence

Let me know when it gets back to 100.
After "4 MORE YEARS!"



Ken
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Old 02-28-2012, 08:59 PM
 
Location: Unperson Everyman Land
30,481 posts, read 20,126,631 times
Reputation: 8392
Quote:
Originally Posted by LordBalfor View Post
First off, a lot of those stories contained good news as well as negative news.

Secondly rising gas prices ARE going to hurt the economy and take some of the "steam" out it - no doubt about, but that's just a fact of life in an age where 1) speculation drives so much of the price - and - 2) China, India etc are modernizing at a rapid pace and putting more and more demand on oil supplies. Though folks WILL try to score political points with it, the truth is it doesn't matter WHO is President, those issues will present.

Thirdly, no one here has said the "economy is so great" - but it IS improving, and so far that improvement seems to be excelerating (at long last)

Ken

Speculators are able to drive up the price because they can count on Dummy to oppose any and all efforts to increase production. It's as safe a bet as Hilary's cattle futures.
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Old 02-28-2012, 09:03 PM
 
1,726 posts, read 1,262,699 times
Reputation: 773
Quote:
Originally Posted by LordBalfor View Post
NONE of which changes the fact that 674,000 MORE people are working NOW than were working at the BEGINNING of that period - and THOSE 674,000 now have PAYCHECKS that they DIDN'T have BEFORE and are NOW spending money!
Considering that you have been dishonest this entire conversation, your inclination to not honestly look at numbers is no surprise.

From your faulty logic, if the US economy only created 5,000 jobs a month, that would be good since 5,000 more people have jobs, despite the fact that this would increase the UE rate and be detrimental to the economy.

Quote:
Sure they are spending more. DUH!
"They are not spending money - instead they are just paying off their debt?"
What kind of silly logic is that? You don't KNOW those people, you have NO IDEA about how much debt those new workers have - OR what their spending habits are.
It is called deductive reasoning. If someone was unemployed for a period of time and just got a job, it is safe to deduce that, on average, they are not buying cars, taking vacations, and financing higher education.

It is really not hard to understand, but I can see why someone like you struggles with simple logic.

Quote:
Neither do I - but I CAN tell you this much - when people have money THEY SPEND IT (that how a consumer economy EXISTS) - people spend money - and new workers are no exception. There's even a term for it - it's called "pent up demand".

Ken
And round and round we go. As I initially pointed out, this spending is being driven by revolving credit (which is money people don't have), which once again makes me question your literacy skills.

Last edited by A Common Anomaly; 02-28-2012 at 09:12 PM..
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Old 02-28-2012, 09:08 PM
 
Location: Unperson Everyman Land
30,481 posts, read 20,126,631 times
Reputation: 8392
Quote:
Originally Posted by LordBalfor View Post
After "4 MORE YEARS!"



Ken


Sure are off to a slow start.
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Old 02-28-2012, 09:28 PM
 
Location: SE Arizona - FINALLY! :D
19,872 posts, read 22,800,537 times
Reputation: 7186
Quote:
Originally Posted by momonkey View Post
Speculators are able to drive up the price because they can count on Dummy to oppose any and all efforts to increase production. It's as safe a bet as Hilary's cattle futures.
You know you really should learn the FACTS instead of just repeating what political talking heads tell you on the radio.

US Oil Production has been RISING since Obama came into office - reversing a trend that BEGAN in 1985 (WHO was President back then?) and in fact US oil production last year was the HIGHEST it's been since 2003.

United States Crude Oil Production by Year (Thousand Barrels per Day)

Ken
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Old 02-28-2012, 09:32 PM
 
2,313 posts, read 3,191,211 times
Reputation: 1581
Quote:
Originally Posted by LordBalfor View Post
You know you really should learn the FACTS instead of just repeating what political talking heads tell you on the radio.

US Oil Production has been RISING since Obama came into office - reversing a trend that BEGAN in 1985 (WHO was President back then?) and in fact US oil production last year was the HIGHEST it's been since 2003.

United States Crude Oil Production by Year (Thousand Barrels per Day)

Ken

Yep, its showing as the gas pumps.....oh wait its the speculators.....
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