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Perhaps you should take a look back at all the millions of jobs lost as a direct result of the Bush Economic Disaster of 2008 ....
The Bush recession isnt the topic, but I note how you switched from thinking the economy is a success under Obama, despite millions losing their job, to its a failure under Bush even though millions lost their jobs..
Even further to laugh at the hypocracy, Bush started in 2002 warning people of an economic collapse unless the banks werent regulated and DEMOCRATS laughed at him and even suggested they lower the bank regulations from 3% equity rations to ZERO..
The Bush recession isnt the topic, but I note how you switched from thinking the economy is a success under Obama, despite millions losing their job, to its a failure under Bush even though millions lost their jobs..
Even further to laugh at the hypocracy, Bush started in 2002 warning people of an economic collapse unless the banks werent regulated and DEMOCRATS laughed at him and even suggested they lower the bank regulations from 3% equity rations to ZERO..
Loveshiscountry brought up Labor Participation Rate, and that DIRECTLY relates back to the Bush Recession! So please don't tell me I'm the one taking the thread off topic.
And the success of Obama is in how much our economy has improved since the 2008 disaster of Bush!
Our economy has not fully recovered, since unemployment is still at 7%, but we have come a LONG way since the low of Oct 2009!
The previous poster brought up Labor Participation Rate, and that DIRECTLY relates back to the Bush Recession! So please don't tell me I'm the one taking the thread off topic.
And the success of Obama is in how much our economy has improved since the 2008 disaster of Bush!
Our economy has not fully recovered, since unemployment is still at 7%, but we have come a LONG way since the low of Oct 2009!
The labor particiupation rate has only improved because PEOPLE STOPPED LOOKING FOR WORK..
Explain to me how thats an improvement, especially given the previously posted numbers showing nearly 500K more are unemployed in the last quarter than previously..
The labor particiupation rate has only improved because PEOPLE STOPPED LOOKING FOR WORK..
Explain to me how thats an improvement, especially given the previously posted numbers showing nearly 500K more are unemployed in the last quarter than previously..
Did you miss my previous quote?
Quote:
Originally Posted by RD5050
So it's expected that we would have a lot of more people who ultimately gave up looking for jobs, after so many businesses closed forever, and 7 Million people were now competing for what was left.
You keep talking about Labor Participation Rate being the lowest in 30 years?
Please tell me when else during the past 30 years did we ever loose 7 MILLION JOBS in matter of ONE YEAR?
Many of those companies went bankrupt and closed forever. Circuit City is one example.
It's not like those lost jobs would be waiting for the employees when the economy improved. Those positions were gone forever.
So it's expected that we would have a lot of more people who ultimately gave up looking for jobs, after so many businesses closed forever, and 7 Million people were now competing for what was left.
That's just silly. People are going to purchase electronics from other stores and those stores will need employees to service them. That's basic business sense.
Quote:
Originally Posted by RD5050
The Bush Economic Disaster of 2008 was one of the worst blows to our economy in our nation's history, and we are still dealing with the aftermath 5 years later!
The tipping point was around 2000 when Congress thought people who were not able to make payments on houses could be magically transformed.
Did Bush make a bad call on bailouts? Yes But his administration wasn't knee deep in it like Obama since Bushes years were at the beginning of the collapse. Bush didn't get the chance to implement his plans. Granted imo it would have been more of the same except the hand picked winners and losers would change.
That's just silly. People are going to purchase electronics from other stores and those stores will need employees to service them. That's basic business sense.
Except when Best Buy already has a full staff ... they are not going to hire those laid off by Circuit City.
Get the point?
So it's not like there were 7 million available jobs waiting for the 7 million who were laid off.
Saying GDP isn't a measure of the economy is like saying a speedometer doesn't measure the speed of a car. GDP measures goods and services sold, which is economic activity.
There are different methods of measuring GDP. Why would you not want people to know that? What are you trying to hide from them?
Plumbing service company.....
2012 Revenues $1.2 Million
2013 Revenues $1.9 Million
According to you, things are peachy....but then because you don't understand Economics, you over-looked this....
2012 Export units: 100 Million
2013 Export units: 90 Million
So....do you think that company went on a friggin' hiring spree in 2013?
Quote:
Originally Posted by MTAtech
You haven't been paying attention (as usual.) GDP is the universally recognized measure of the value of goods and services produced.
Again, your statement is desperately misleading.
There are different mathematical formulas used to calculate GDP. Your own government explains that the US and Euro-States calculate GDP differently here...
GDP is a worthless measure? That's new to me. GDP is the universally recognized measure of the value of goods and services produced. That sounds pretty worthy to me.
What happened to the recessions?
This new formula calculating the GDP has erased the Clinton Recession......never happened.....the Bush Recession? Never happened.
The Reagan Recession? That never happened and neither did the Carter Recession or the Nixon Recession.
Talk about revisionist history.
Quote:
Originally Posted by MTAtech
In essence, when reality doesn't conform to what you want it to be,you deny reality.
Uh, this is Reality....
'LNU02000000
'(Unadj) Employment Level
145,113,000 July 2013
144,651,000 September 2013
------------ -462,000 Americans lost their job.
'LNU02500000
'(Unadj) Employed, Usually Work Full Time
177,688,000 July 2013
177,308,000 September 2013
------------ -380,000 Americans lost their Full-Time job.
Want another dose of Reality?
'LNU02000000
'(Unadj) Employment Level
145,113,000 July 2013
144,775,000 November 2013
------------ -338,000 Americans lost their job.
'LNU02500000
'(Unadj) Employed, Usually Work Full Time
117,688,000 July 2013
116,875,000 November 2013 ------------ -813,000 Americans lost their Full-Time job.
813,000 Americans losing their Full-Time job over the last 5 months is a sign of an improving economy?
Really?....
Mircea
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