December add 200K jobs, Unemployment rate drops to 8.5% (terrorist, Muslim, constitutional)
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Jobs created in Sept. 1983---1,000,000+, per the WSJ.
Jobs created in Sept. 2011-- 45,000.
An 11% prime rate in Sept. 1983, vs. a 3.25% rate in Sept. of 2011.
Face it, this economy is one step above DOA, in spite of the spin doctors at MSNBC & elsewhere.
News flash: MSNBC doesn't produce the unemployment numbers. The BLS does. Second, why did you try to compare Sept 1983 and Sept 2011 when the two recessions aren't comparable?
As I've pointed out, the 1982 recession had different causes and solutions to the 2008 recession. The 1982 recession was caused by the Fed squeezing to bring inflation down. That caused high interest rates (see below) which contracted the economy. Once the Fed relaxed, the economy normalized.
Today's recession is caused by insufficient aggregate demand, which causes unemployment and lack of investment by businesses. The Fed lowering rates has little effect in this type of recession. Fiscal policy does have an effect but the same people who complain about Obama not fixing unemployment are dead against federal fiscal stimulus.
By this point in the recovery from the 1981-82 recession quarterly GDP had hit 9.3%, inflation was down ten points, the misery index was cut in half and unemployment had fallen 3.6% from the peak of 10.8%.
Does this mean I cant rely upon your figures because you pulled them out of your butt?
LOL
I said the government has shed 600 000 jobs which is a fact. You said it has contracted the same number of jobs, and later you admitted you invented that claim.
LOL
I said the government has shed 600 000 jobs which is a fact. You said it has contracted the same number of jobs, and later you admitted you invented that claim.
Arguing just for the sake of arguing.....
I did not say they contracted out 600,000 jobs
Try better reading comprehension, you might not be embarassed so much.
Tell me how many of those jobs were contracted out? ooh you dont know.. but you stand here and shout out a reduction in the size of federal government, even though spending has skyrocketed...
Weekly applications for unemployment benefits jump to 399,000 because of seasonal layoffs
Isnt that exactly what conservatives here said would happen, and Democrats called us stupid for suggesting such a thing? I'd be embarassed to be a liberal nowadays
The left wing never afraid to continue to babble ignorance.
Hey MTA, if the government hires companies to do their work, has the size of government really decreased?
NO
Well, it is no secret what floats the right winger boat... ability to comprehend and stick to reasoning and fact ain't it. You're better off celebrating and promoting negativity.
Unemployment rate will go back up after the holiday period. That's pretty much a given.
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