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We started hiring in July 2010 because business was picking up. Businesses can't afford to wait for Congress to seize opportunites. That would be the silliest business approach ever. You take the opportunity when you see one and screw the Congress.
In business you also have to be able to plan. There was quite a bit of uncertainty over tax policy and the cost to business for Obamacare. the tax policy uncertainty was removed when Republicans forced Obama to extend the tax cuts. And the Obamacare appears to be on the ropes judicially. You're right, $2 trillion in business cash isn't sitting on the sidelines for ideological reasons. Business doesn't see blue or red but green.
In business you also have to be able to plan. There was quite a bit of uncertainty over tax policy and the cost to business for Obamacare. the tax policy uncertainty was removed when Republicans forced Obama to extend the tax cuts. And the Obamacare appears to be on the ropes judicially. Your right, $2 trillion in business cash isn't sitting on the sidelines for ideological reasons. Business doesn't see blue or red but green.
The point is, unemployment was higher in November than it was in February. Back to the original point, you claimed unemployment had been falling a year, when evidence points to the contrary.
Only after December did unemployment drop, and in January, that was only because of a book keeping change on the part of the BLS.
That's ONLY because there was a 1 month spike in November, aside from that, the month before & the month after were BOTH lower than Jan. November was a spike (mainly due to the horrendous weather).
Scary?
Not to me....interesting however.
Haven't you always wanted to live through interesting times?
Yea, it was getting boring again, so I voted Republican in 2010
It was scary for me because I had invested heavily in 401K for as long as I have been working, and I saw the portfolio melt like a snowman in summer heat. Also, our company had several rounds of lay-offs. Well, the 401K is back to where it was, and we are hiring again, so that is a huge relief.
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Oh yes,I would prefer the fedgov. do nothing much at all...ever.
Things will slowly improve of course,and some political hack or party will take the credit...
Some things never change.
Ecclesiastes 1:9 What has been will be again, what has been done will be done again; there is nothing new under the sun
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Something to remember is that people made fortunes during the Great Depression.
Yes, and 2009 was a great year to make moves in the stock market, and now is a great time to make moves in real estate. We won't see these opportunities again in our lifetime.
There you go again SELECTIVELY choosing the months to report.
I said the UE rate has been falling for the last year or so.
In Jan of last year the rate was 9.7 ( down from a peak of 10.1 4 months earlier). By the end of the year it was down to 9.4.
That means "it was falling for the last year or so" - which is exactly what I said. Did it go down every single month? No, but the year over year rate is DOWN.
Right, the 2T was not under the mattress waiting for mid-terms or some political announcment, but for better economic times.
It was waiting for certainty and someone to counter balance a clearly anti business President.
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