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Old 12-06-2019, 08:50 AM
 
13,817 posts, read 5,527,336 times
Reputation: 8505

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Quote:
Originally Posted by mkpunk View Post
Nice numbers but let's remember when this was Obama and we would have been reminded the REAL unemployment rate is 36% since the LFPR is currently at 64%... Funny how the last three years nobody has said this at all and it is just the straight unemployment numbers. Right?
Obama was no more responsible for that economy than Trump is for the current one, but yes, partisans spin the numbers any way they can to make their guy look good and the other guy look bad.

3.5% UE however, using that measure, is a good number. It isn't Trump's good number, just a good number. When Obama had good numbers, they weren't his numbers, just numbers. Same goes for bad numbers.

First step in un-deifying the office of President is to stop crediting/blaming them for stuff they have exactly nothing to do with.

 
Old 12-06-2019, 08:57 AM
 
34,301 posts, read 15,558,901 times
Reputation: 13053
Quote:
Originally Posted by Scooby Snacks View Post
How did Trump hire 266,000 people?
Like a business man !!! Like a boss !!!

That's what happens when you put American citizens the priority !!!
 
Old 12-06-2019, 08:58 AM
 
3,346 posts, read 1,259,245 times
Reputation: 3173
We had poor monthly job creation until December....hmm what could be different about this month...hmm.
 
Old 12-06-2019, 09:01 AM
 
Location: Florida
77,020 posts, read 47,392,778 times
Reputation: 14806
Quote:
Blowout jobs report
Trump's "blowout" = average gain before he took office

I am glad they created an average number of jobs (after being below average so long), but there since when is average "blowout"?

LFPR is still in the gutter so we have a long way to go, and we need to create 260K and more EVERY month, not just once a year.
 
Old 12-06-2019, 09:03 AM
 
Location: Honolulu/DMV Area/NYC
30,530 posts, read 17,998,049 times
Reputation: 34278
Thank you, America! God bless President Trump and his leadership!
 
Old 12-06-2019, 09:09 AM
 
Location: Wartrace,TN
7,959 posts, read 12,650,382 times
Reputation: 16197
Quote:
Originally Posted by hooligan View Post
Well, 50K+ of that number is just the GM strike ending.

Still a good, strong report. Anytime we beat projections/estimates is a good thing. Let's keep it going.
Plus those workers laid off from GM suppliers during the strike.
 
Old 12-06-2019, 09:17 AM
 
Location: East Lansing, MI
28,355 posts, read 16,286,017 times
Reputation: 10467
Quote:
Originally Posted by Wartrace View Post
Plus those workers laid off from GM suppliers during the strike.
I *think* they were included in that ~54K number, but I'm not sure.
 
Old 12-06-2019, 09:18 AM
 
4,401 posts, read 2,895,736 times
Reputation: 6040
Anyone who knows much about economics would know that the president has very little to do with the economy. One man can't control the economy. The fed has more control than anyone. Of course your average american is too stupid to know this, so it turns into a voting issue.
 
Old 12-06-2019, 09:28 AM
 
13,806 posts, read 9,658,094 times
Reputation: 5243
Progress is the illusion created by getting the benefit of an action before having to face the consequences of the full reaction. You can rob a bank, party and live a life that you could only dream of with the money....until you get caught and punished.

Nature is a system of actions and reactions over a continuum of time. Reactions to actions are often delayed or redirected elsewhere. There is no real "progress" in an essentially "closed system". One thing grows at the expense of another decline. We can raise the present.....by lowering the future. Its the ying and the yang of the universe.

With that having been said, at what cost? At what cost are we enjoying this good economic times? Its not without a cost. Are we borrowing from our future by leveraging ever increasing amounts of debt? The data would suggest yes. We still have historically low interest rates....which only encourages more debt and debt spending. Corporate debt, consumer debt, government dept.....all at record levels and increasing.

The US economy is like an aging athlete on steroids trying to maintain his performance levels that existed when his body was younger and stronger (and the competition much weaker). As long as the athlete can keep increasing his steroid intact, it will mask his REAL LOSS in ability. His stats may be improving. People are applauding his performance and stats...but can he sustain his health taking ever increasing amount of steroids? Again, progress is the illusion of getting the benefit before having to pay the cost.

Our economy is on steroids. Debt. That is the performance gains we are experiencing.
 
Old 12-06-2019, 09:29 AM
 
25,409 posts, read 9,715,037 times
Reputation: 15237
Quote:
Originally Posted by reed067 View Post
Only because people are having to work extra jobs to make ends meet.
Or working seasonally.
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