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TOTAL AMERICANS EMPLOYEED JAN 2001..................137,778,000
TOTAL AMERICANS EMPLOYEED IN FEB 2008.............145,993,000
Americans Employed, January 2009:........................ 142,187,000
SO TOTAL NET JOBS CREATED/LOST UNDER BUSH.........4.4 MILLION GAIN (GAIN WAS HIGHER BEFORE THE RECESSION)
Americans Employed, January 2009:........................ 142,187,000
Americans Employed, today:.................................. 142,101,000
SO TOTAL NET JOBS CREATED/LOST UNDER OBAMA..... 86 THOUSAND LOSS
obama has not done his job
But But But look at the unemployment numbers that deliberately exclude unemployed people whose unemployment benefits have run out...that number has fallen as people's benefits have ran out = Obama success!!!
If you point out that during the "recovery" the following has happened:
1) decreasing employment rate for 25 to 54 year olds
2) increasing poverty
3) increasing food stamps
4) increasing QE money creation
5) decreasing ratio of full time jobs (you know the ones with benefits)
6) decreasing median household income
I will simply respond with one word "Bush" and trump it all...so don't even go there. Obama is my favorite celebrity so leave him alone.
TOTAL AMERICANS EMPLOYEED JAN 2001..................137,778,000
TOTAL AMERICANS EMPLOYEED IN FEB 2008.............145,993,000
Americans Employed, January 2009:........................ 142,187,000
SO TOTAL NET JOBS CREATED/LOST UNDER BUSH.........4.4 MILLION GAIN (GAIN WAS HIGHER BEFORE THE RECESSION)
Americans Employed, January 2009:........................ 142,187,000
Americans Employed, today:.................................. 142,101,000
SO TOTAL NET JOBS CREATED/LOST UNDER OBAMA..... 86 THOUSAND LOSS
The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in con- struction, manufacturing, and retail trade. Household Survey Data In October, the number of unemployed persons increased by 558,000 to 15.7 million.The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest ratesince April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)
All those job losses up until October 2009 (and beyond) were due to the Bush Economic Disaster of 2008!
Obama managed to drop Bush's 10.2% all the way down to 7.2%
All those job losses up until October 2009 were due to the Bush Economic Disaster of 2008!
Obama managed to drop Bush's 10.2% all the way down to 7.2%
I don't buy into the whole D and R nonsense. Also one has to look at what policies lead to what results, regardless of who is in office at the time effects show up.
From around 2000 on manufacturing left at an accelerated pace -33%. And technology is still skewing the manufacturing numbers. This was due to the proceeding actions taken in 90's to allow the financial and market changes. Both D's and R's were responsible.
Was the Fed pumping $85 billion a month into the market in 2007?
The Fed isn't pumping in that money to the market. The Fed is doing $85B/mo balance sheet shenanigans to lower interest rates which is generally favorable to the markets.
The Fed isn't pumping in that money to the market. The Fed is doing $85B/mo balance sheet shenanigans to lower interest rates which is generally favorable to the markets.
quote:
But perhaps the biggest driver of the surge in deposits is the Fed's own ongoing liquidity tsunami, which using various traditional and shadow conduits has injected nearly the entire $2 trillion amount into the banking system (as Excess Reserves, Reverse Repos, Deposits with Federal Reserve Banks, and Other Fed Liabilities which combined conveniently amount to just about $1.8 trillion), which then via reflexive shadow pathways, most notably repo, has translated into an actual excess of cash to the bank's balance sheet: perfectly fungible cash which can then be used for any generic purpose: such as prop trading under the guise of "hedging" as JPM so vividly demonstrated a few months back.
Maybe you should pull your face off pages of dailykos and use common sense.
51 million Americans have 401K accounts, and millions of others have other kinds of investments, and all of them benefit. They are the main street, and they are happy about the performance of their investments.
then why do liberals want to raise the capital gains tax so badly? if all of them benefit, then all of them would suffer if the capital gains tax went up.
quote:
But perhaps the biggest driver of the surge in deposits is the Fed's own ongoing liquidity tsunami, which using various traditional and shadow conduits has injected nearly the entire $2 trillion amount into the banking system (as Excess Reserves, Reverse Repos, Deposits with Federal Reserve Banks, and Other Fed Liabilities which combined conveniently amount to just about $1.8 trillion), which then via reflexive shadow pathways, most notably repo, has translated into an actual excess of cash to the bank's balance sheet: perfectly fungible cash which can then be used for any generic purpose: such as prop trading under the guise of "hedging" as JPM so vividly demonstrated a few months back.
I agree that the Fed is propping up the markets as it tends to do anytime it lowers interest rates.
I agree that there is a huge surge in bank deposits. The Fed is essentially paying banks not to loan. But the Fed did not simply create and then transfer that money to its member banks. The Fed traded for like amounts of investment paper. So by dollar amount it all nets to zero. And the vast bulk of that private bank money is just sitting there and not being loaned out. There simply is not the national demand yet. QE just doesn't do much.
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