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Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%
The "experts" were "expecting" over 200K jobs, but what does that matter when obama's minions can fudge the UE rate to make it SEEM like really good news?
Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%
The "experts" were "expecting" over 200K jobs, but what does that matter when obama's minions can fudge the UE rate to make it SEEM like really good news?
I don't know what 'experts' you were reading but ADP was predicting +120K a few days ago.
The Bureau of Labor Statistics doesn't fudge employment numbers at the request of the White House.
What this shows is that the economy is slowly improving. It still isn't anything near the Clinton employment numbers of an average gain of 250,000 per month but it's sure better than the last year of the Bush years.
I don't know what 'experts' you were reading but ADP was predicting +120K a few days ago.
The Bureau of Labor Statistics doesn't fudge employment numbers at the request of the White House.
What this shows is that the economy is slowly improving. It still isn't anything near the Clinton employment numbers of an average gain of 250,000 per month.
Yeah, I don't know what experts you're reading either;
Quote:
Expectations were high for the confirms payroll number as well after ADP and Macroeconomic Advisors on Wednesday said private companies added 206,000 jobs from October to November.
Oh yeah, the BLS has already "adjusted" the numbers by lopping MILLIONS from the workforce. UE would be closer to 12% if it hadn't done that.
I don't know what 'experts' you were reading but ADP was predicting +120K a few days ago.
The Bureau of Labor Statistics doesn't fudge employment numbers at the request of the White House.
What this shows is that the economy is slowly improving. It still isn't anything near the Clinton employment numbers of an average gain of 250,000 per month.
God, please, I'm sick of hearing about how great Clinton was. Clinton was the one who signed some of the most destructive legislation into law. He sang the praises of guys like Greenspan and was all too quick to ride the wave of explosive investment. He's not a whole lot better than Reagan or W. Bush, if you ask me. Like others, he left Obama to clean up the mess. He just gets credit for the great economy of the 1990s, in the same way Reagan gets credit for the collapse of the Soviet Union. Neither credit is deserved.
In spite of the fact that conservatives hated Clinton and shamelessly tried to overturn the previous election by force of some legislative conspiracy, the truth is that Clinton was probably the one president who has been truest to conservative economic ideals in the last 50 years. He raised taxes on the highest income earners, but he also cut taxes for most of the middle class. He cut capital gains. He basically gave the wink and nod to deregulation. He allowed banks to become super financial institutions. He retained Greenspan, a proponent of free-wheeling and dealing capitalism. He also signed GATT/WTO and NAFTA, thereby further integrating the world economies. Unlike Ronald Reagan, he actually balanced the budget. He's been more of a Republican than most of the Republicans since Ike.
God, please, I'm sick of hearing about how great Clinton was. Clinton was the one who signed some of the most destructive legislation into law. He sang the praises of guys like Greenspan and was all too quick to ride the wave of explosive investment. He's not a whole lot better than Reagan or W. Bush, if you ask me. Like others, he left Obama to clean up the mess. He just gets credit for the great economy of the 1990s, in the same way Reagan gets credit for the collapse of the Soviet Union. Neither credit is deserved.
This I agree with. Nasdaq bubble following by Bushie housing bubble, and now Obama student debt and Fedgov, inc. bubble.
Clinton gets absolutely zero credit for the fake boom of the 90's. The only credit I offer him is welfare reform, which has been undone by the president and possibly the former administration.
Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%
The "experts" were "expecting" over 200K jobs, but what does that matter when obama's minions can fudge the UE rate to make it SEEM like really good news?.
If this were the actual UE rate, then it may be cause to celebrate a bit of good news. Since it does not accurately reflect the situation in America, I can't find a reason to be joyous.
Sadly, there will be a large number of ill-informed Liberals (on this forum and others) who will find this a boon for Barack Obama. It pains me that so many people are duped so easily.
Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%
The "experts" were "expecting" over 200K jobs, but what does that matter when obama's minions can fudge the UE rate to make it SEEM like really good news?
Does that justify 4/10th knocked off the UE rate? I don't think so.
So it seems obama WILL somehow, miraculously get that UE rate down, by hook or crook, by any means necessary.
Especially when he can, as always, adjust it to the true figure later. You know, after he has milked his lie for all it is worth, see jobs saved or created.
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