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Old 03-04-2011, 07:39 AM
 
Location: Florida
77,004 posts, read 47,331,456 times
Reputation: 14789

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Quote:
Originally Posted by LIS123 View Post
The Economy was not improving before January and it's not improving now.
We added jobs grew GDP throughout 2010, and the same continues. The growth is still sluggish, and I hope the recovery speeds up. I think whenever housing picks up, everythign else will follow.
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Old 03-04-2011, 07:39 AM
 
11,155 posts, read 15,665,365 times
Reputation: 4209
Quote:
Originally Posted by oz in SC View Post
Is it as disingenuous for extremist leftists to do the same in favor of Obama?
I don't know any extremist leftists, but I'm just looking at the facts. The economy's been in recovery and growing (at over 3%) for most of 2010. The unemployment rate is always the last indicator to drop (and the first that the opposition party points to for quick political points).

We're finally seeing it catch up. Let's hope it keeps going.
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Old 03-04-2011, 07:41 AM
 
Location: Southeast
4,301 posts, read 7,015,418 times
Reputation: 1464
Quote:
Originally Posted by Bluefly View Post
I don't know any extremist leftists, but I'm just looking at the facts. The economy's been in recovery and growing (at over 3%) for most of 2010. The unemployment rate is always the last indicator to drop (and the first that the opposition party points to for quick political points).

We're finally seeing it catch up. Let's hope it keeps going.
That statement is also false, 2010 as a whole came out at 2.8%. Only 1 quarter broke 3%.
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Old 03-04-2011, 07:42 AM
 
11,155 posts, read 15,665,365 times
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Quote:
Originally Posted by oz in SC View Post
Unemployment rate in Jan. 2010 - 9.7%

Unemployment rate in Mar. 2010 -9.7%

Unemployment rate in May 2010 - 9.6%

Unemployment rate in Jul. 2010 - 9.5%

Unemployment rate in Sep.2010- 9.6%

Unemployment rate in Nov. 2010- 9.8%
There's usually an uptick as people start looking for work again after being discouraged. It would be logical to assume that the Fall 2010 uptick was a precursor to the significant decline we've seen since.
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Old 03-04-2011, 07:42 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,811,774 times
Reputation: 2519
Quote:
Originally Posted by Finn_Jarber View Post
Well, in December 2008 we were losing 700 000 jobs per month, and that figure should take your breath away. Up until that point the situation was getting worse and worse every month. In March 2009 that trend reversed, and although we were still losing jobs, e lost less and less every month. And then we hit zero loss, and started adding jobs, and in January 2011 we added 140 000 and now 193 000. That is a trend, my friend, and it is a positive trend. Everyone should be happy about it, but of course if you have a partisan attitude, it is difficult to celebrate good news unless you can credit the good news to your own party.
Lets be real here,you can only lose so many jobs before there are no more jobs to lose...

Also I do believe the figures from back then were also revised,not sure which way(up or down) but someone more interested than I am can probably find out.

I do recall that something like 150,000 jobs have to be created every month to account for those who are joining the workforce for the first time.
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Old 03-04-2011, 07:42 AM
 
10,854 posts, read 9,273,923 times
Reputation: 3122
Quote:
Originally Posted by sanrene View Post
Well now....for all those asking when the GOP would be creating jobs....here you go!

Since the GOP House has put a stop to most of obama's unpopular radical leftist agenda, created a little more certainty for business and individuals with the extension of the Bush tax rates and have taken on the job-killing EPA and obamacare, we have seen a rebound in the economy.
You can keep living in that Conservative fantasyland where the Republican fixed everything once they were elected.

In the meantime for the rest of us here's the truth.

Facts are VERY INCONVENIENT THINGS for Conservatives and Obama haters.

The following is based on Dow Jones Industrial and Bureau of Economic Analysis stats:

When Barack Obama came into office:

The Dow Jones Industrial Average had decline about 24% in the years George W. Bush Jr. was in office until the day he left.

The economy had NEGATIVE GDP growth.

January 2009 non-farm payrolls showed a LOSS of 779,000 month.

Personal income had decreased on a quarterly basis from Q3 2008 to Q1 2009

Starting in Q1 2008 until Q2 2009 Government Receipts declined every quarter.

Starting Q3 2007 until Q3 2009 Gross Domestic Investment fell in every quarter.

Private Fixed Investment in this country FELL every quarter in this country from Q2 2006 until Q3 2009

Exports declined in Q4 2008 and they decline for every quarter until Q3 2009


Since President Obama has been in office;

The Dow Jones Industrial Average has risen about 40%

The economy has had positive GDP growth for the past 6 quarters.

Non-farm payrolls have increased EVERY MONTH since October 2010.

Personal Income has increased every quarter Barack Obama has been in office.

Government Reciepts have increased every quarter since Q2 2009.

Gross Domestic Investment has increased every quarter since Q4 2009.

Private Fixed Investment has increased every quarter since Q3 2009

Exports increased in Q4 2008 and they increased every quarter since in fact U.S exports are now at RECORD LEVELS. In fact since President Obama has been in office exports have increased 25%.

In the face of overwhelming evidence President Barack Obama has not destroyed the economy. The economy has actually had a slow steady and persistent recovery. Any statement to the contrary is more likely based on ideology, ignorance, hatred and misinformation than it is on fact.
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Old 03-04-2011, 07:44 AM
 
Location: Florida
77,004 posts, read 47,331,456 times
Reputation: 14789
Quote:
Originally Posted by Bluefly View Post
I don't know any extremist leftists, but I'm just looking at the facts. The economy's been in recovery and growing (at over 3%) for most of 2010. The unemployment rate is always the last indicator to drop (and the first that the opposition party points to for quick political points).

We're finally seeing it catch up. Let's hope it keeps going.
Reagan's policies also took several years to take effect and some of the policies were put in place by Paul vocker even before Reagan took office. Changes in policies do not change economies overnight.
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Old 03-04-2011, 07:44 AM
 
11,155 posts, read 15,665,365 times
Reputation: 4209
Quote:
Originally Posted by Frankie117 View Post
That statement is also false, 2010 as a whole came out at 2.8%. Only 1 quarter broke 3%.
Provide citation, please. Everything I've seen has shown over 3%. Perhaps the average comes out lower. Either way, the overall point is that the economy has been growing for quite some time, not shrinking.
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Old 03-04-2011, 07:44 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,811,774 times
Reputation: 2519
Quote:
Originally Posted by Bluefly View Post
There's usually an uptick as people start looking for work again after being discouraged. It would be logical to assume that the Fall 2010 uptick was a precursor to the significant decline we've seen since.
Again,you can't really compare last years figures with this years as the BLS effectively removed 500,000 people from existence...
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Old 03-04-2011, 07:45 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,811,774 times
Reputation: 2519
Quote:
Originally Posted by Finn_Jarber View Post
We added jobs grew GDP throughout 2010, and the same continues. The growth is still sluggish, and I hope the recovery speeds up. I think whenever housing picks up, everythign else will follow.
I wouldn't pin my hopes on housing picking up anytime soon....
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