Gallup: February Unemployment Hits 10.3% (interview, stats, Clinton, companies)

[Bluefly]

Originally Posted by pghquest

Conservatives have been saying this was going to happen for a year or more, liberals called us paranoid..

I call them ignorant.. like an ostrage, sticking their head in the sand..

Or is it more ignorant to take a phone survey rather than data as some valid indicator of the economy? Perhaps you want to believe this figure because it feeds your pre-existing beliefs about Obama's leadership.

The data shows the unemployment rate dropping, hiring increasing, and first-time unemployment seekers dropping. Be a shame for you if we actually recover from this recession under Obama's guidance.

[sanrene]

Originally Posted by Bluefly

Actually, about 3 million people have had jobs because of the stimulus, myself being one of them for a brief period that helped me get restabilized in a non-stimulus job. I encounter dozens of them on a daily basis and see many others working on projects on the streets.

Be wary of a callous heart. People have been really suffering.

Completely unverified, based on "estimates", based on SOP multipliers.

We have seen numerous stories of bogus job numbers, bogus "counting" practices, all based on the bogus, unprecedented way of counting jobs "created or saved", never before used in any administration.

[pghquest]

Originally Posted by odinloki1

but I thought that extending the Bush tax cuts would make employers happy and would hire again etc.

Another month showing that tax cuts don't equal growth.

Then explain why employment GREW AFTER the tax cuts were passed?

Originally Posted by RD5050

Increasing unemployment?

http://www.nytimes.com/2011/03/04/bu...04markets.html

[pghquest]

Originally Posted by Bluefly

Actually, about 3 million people have had jobs because of the stimulus, myself being one of them for a brief period that helped me get restabilized in a non-stimulus job. I encounter dozens of them on a daily basis and see many others working on projects on the streets.

Be wary of a callous heart. People have been really suffering.

3,000,000 people at a cost of $1,000,000,000,000

I hope that "brief period" of time you worked you earned at least $333,333 because thats what it cost us taxpayers..

Come back and let us know how much value we received, will you?

[skoro]

Originally Posted by momonkey

Energy and food prices skyrocketing and a stagnant economy with increasing unemployment, isn't this what we used to call Carternomics?

Well, in any case, we're all screwed...

Gallup Finds U.S. Unemployment Hitting 10.3% in February

Choose your "information"...

Your telephone poll or labor statistics.

"U.S. employers added 192,000 workers in February, amid an improving economy and more seasonable weather, and the unemployment rate unexpectedly declined to 8.9 percent, the lowest level since April 2009."

U.S. Payrolls Rose 192,000; Jobless Rate at 8.9% in February - Bloomberg

[Bluefly]

Originally Posted by pghquest

3,000,000 people at a cost of $1,000,000,000,000

I hope that "brief period" of time you worked you earned at least $333,333 because thats what it cost us taxpayers..

Come back and let us know how much value we received, will you?

There's no magic bullet to dealing with a collapsed economy. You do nothing and let the markets go, unemployment skyrockets and capital freezes altogether. The recovery might be a little faster, but the price to pay is something to consider.

Or, as all developed nations in the world did, you have the one entity capable of borrowing and spending in a collapsed economy do it as a temporary stop gap, and you deal with the debt of it later. That has a whole other set of problems, but at least keeps society stable until the markets can get back on track.

Pick your poison, but your "analysis" is rather disingenous and shortsighted, considering a large portion of ARRA went to tax breaks, keeping local and state governments from having to shut down (not only increasing the unemployment rate dramatically but also cutting off critical services and protections that could have led to chaos).

[oz in SC]

Originally Posted by Bluefly

Or is it more ignorant to take a phone survey rather than data as some valid indicator of the economy? Perhaps you want to believe this figure because it feeds your pre-existing beliefs about Obama's leadership.

The data shows the unemployment rate dropping, hiring increasing, and first-time unemployment seekers dropping. Be a shame for you if we actually recover from this recession under Obama's guidance.

Aren't the BLS stats from a phone survey?

[Bluefly]

Originally Posted by sanrene

Completely unverified, based on "estimates", based on SOP multipliers.

We have seen numerous stories of bogus job numbers, bogus "counting" practices, all based on the bogus, unprecedented way of counting jobs "created or saved", never before used in any administration.

I assume you're talking about the 10.3% being completely unverified?

You're so wrapped up in your ideology that you need to discredit anything that proves you wrong. If you have evidence to support your claim, I'd be happy to see it.

As it is, you're basically saying that because bad stuff happened some other time, this time must be bad as well. Absurd. It's okay to admit that Obama's not destroying our country. We won't hold it against you.

[skoro]

Originally Posted by pghquest

Conservatives have been saying this was going to happen for a year or more, liberals called us paranoid..

I call them ignorant.. like an ostrage, sticking their head in the sand..

This sand?

EconomicPolicyJournal.com: February Unemployment Rate Drops to 8.9%

[chielgirl]

Unemployment dips to 8.9 pct., 192K jobs added - Yahoo! News (http://news.yahoo.com/s/ap/us_economy - broken link)

WASHINGTON – Employers hired in February at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent — a nearly two-year low.


I guess the OP is a bit off...