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Old 08-03-2012, 09:45 AM
 
12,270 posts, read 11,327,541 times
Reputation: 8066

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Quote:
Originally Posted by HurricaneDC View Post
Are these idiots seriously rallying? Unemployment would be 11% if the labor force participation rate was as high as it was when Obama took office.
Actually, the markets rallied on this Draghi Heads Toward Fed-Style QE Bond-Purchase Plan: Euro Credit - Bloomberg

The futures were soaring before the unemployment numbers came out.
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Old 08-03-2012, 09:45 AM
 
Location: a bar
2,723 posts, read 6,111,377 times
Reputation: 2979
Easy. We're going in the right direction people.

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Old 08-03-2012, 09:54 AM
 
Location: La lune et les étoiles
18,258 posts, read 22,527,774 times
Reputation: 19593
Quote:
Originally Posted by 14Bricks View Post
What's your point? Is it going to get under 8 by election day?
The question should be...Does it matter anymore? The answer is No. Those old "rules" and "highway markers" are no longer as relevant. We are in a new era and the unemployment number being over 8% does NOT automatically make the other Presidential candidate a "better" choice (especially when his party is responsible for the unemployment rate and the economy in the first place)

People still remember the GWB years so Romney doesn't have that to coast on. He would actually have to show what he would do that would turn the economy around and somehow I seriously doubt that his package of pro 1% policies can be sold to the 99%ers in great numbers.
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Old 08-03-2012, 09:59 AM
 
Location: Stillwater, Oklahoma
30,976 posts, read 21,630,499 times
Reputation: 9676
So don't conservatives strongly feel that we need to give tax cuts to rich people in order to humor them into creating jobs for people?
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Old 08-03-2012, 10:39 AM
 
Location: NJ
18,665 posts, read 19,966,662 times
Reputation: 7315
Quote:
Originally Posted by StillwaterTownie View Post
So don't conservatives strongly feel that we need to give tax cuts to rich people in order to
stimulate job growth.

Certainly.

2 trillion more uninvested than on 1/20/09. Just half of that invested = millions more employed.
Might even get the 4 mill who quit trying to work since 1/20/09 to rejoin the workforce.
Might even reduce the 5.2 mill long-term unemployed back to the 2.6 million it was on 1/20/09.
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Old 08-03-2012, 11:23 AM
 
Location: Houston, Tx
8,227 posts, read 11,144,476 times
Reputation: 8198
Quote:
Originally Posted by calipoppy View Post
The question should be...Does it matter anymore? The answer is No. Those old "rules" and "highway markers" are no longer as relevant. We are in a new era and the unemployment number being over 8% does NOT automatically make the other Presidential candidate a "better" choice (especially when his party is responsible for the unemployment rate and the economy in the first place)

People still remember the GWB years so Romney doesn't have that to coast on. He would actually have to show what he would do that would turn the economy around and somehow I seriously doubt that his package of pro 1% policies can be sold to the 99%ers in great numbers.
History says like wise.
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Old 08-03-2012, 11:30 AM
 
Location: a bar
2,723 posts, read 6,111,377 times
Reputation: 2979
Do a little research in the state of the Massachusetts economy under then Gov Romney.

5 Facts About The Massachusetts Economy Under Mitt Romney | ThinkProgress

The guy isn't fit to be a city counsel member.
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Old 08-03-2012, 11:40 AM
 
1,652 posts, read 2,549,273 times
Reputation: 1463
Quote:
Originally Posted by 14Bricks View Post
No president since the FDR has ever been re elected with a unemployment rate above 7%.
An utterly meaningless "stat." The opposition still has to offer a better choice then the incumbent, imo, Romney is not that choice.


Quote:
Originally Posted by calipoppy View Post
The question should be...Does it matter anymore? The answer is No. Those old "rules" and "highway markers" are no longer as relevant. We are in a new era and the unemployment number being over 8% does NOT automatically make the other Presidential candidate a "better" choice (especially when his party is responsible for the unemployment rate and the economy in the first place)

People still remember the GWB years so Romney doesn't have that to coast on. He would actually have to show what he would do that would turn the economy around and somehow I seriously doubt that his package of pro 1% policies can be sold to the 99%ers in great numbers.
Well said.
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Old 08-03-2012, 11:48 AM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,893 posts, read 18,440,811 times
Reputation: 6465
Quote:
Originally Posted by 14Bricks View Post
What's your point? Is it going to get under 8 by election day?

Nope i was told even last year from a high profile banker i know, that by this time, things would be much much worse, in every possible way. That we need to get Obama out.

I even wrote about it on this forum last year, that things would be worse, everything i have been told, has come to pass, and it looks like he is right again.


Infact unemployment is going to get much worse, along with our housing crisis, which is lasting way way too long under this administration.

You may have a job now, but what about tomorrow........................... think it is so easy to find another one, ask all of the unemployed americans, about that!
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Old 08-03-2012, 11:54 AM
 
Location: Houston, Tx
8,227 posts, read 11,144,476 times
Reputation: 8198
Quote:
Originally Posted by Sporin View Post
An utterly meaningless "stat." The opposition still has to offer a better choice then the incumbent, imo, Romney is not that choice.




Well said.
LMAO, umemployment is a "meaningles" stat? Tell that to all the people who don't have jobs. I like how libs are now saying that 8% unemployment is the "new standard." LMAO!
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