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Unemployment has NOTHING to do with a recession, so if you proclaim it was a boom, talking about the unemployment numbers in relationship to "recession being over", is meaningless unless you of course are trying to change the subject.
I, like wjwet read you claim the Bush years were a boom, to watch you back peddle, especially by discussing issues that dont relate to a recession by definition (which is 2 quarters in a reduction of GDP), is histerical..
The word is hysterical.
In terms of the meltdown.
I have suggested throughout that the meltdown was international, widespread and deep, in nature.
I have no difficulty admitting that the economic conditions in the Bush era were favourable.
However in that favourable climate Bush managed to actually lose, and to continue to lose, jobs.
During the same era, most other developed economies actually had decreasing unemployment.
In terms of the meltdown.
I have suggested throughout that the meltdown was international, widespread and deep, in nature.
Translation, not the fault of Bushs
Quote:
Originally Posted by Indurain
I have no difficulty admitting that the economic conditions in the Bush era were favourable.
Except that you have non stop criticized the less than 5% unemployment rates under Bush.
Quote:
Originally Posted by Indurain
However in that favourable climate Bush managed to actually lose, and to continue to lose, jobs.
Unemployment rates under Bush went down, despite the 9/11 attacks, they only went back up around the period of time that Democrats took over Congress.. You can ignore this all you want, but unemployment under 5% isnt "losing jobs".. I bet you are one of those people defending Obamas high unemployment numbers as "fabulous" though.
Quote:
Originally Posted by Indurain
During the same era, most other developed economies actually had decreasing unemployment.
Not true, you just acknowledged a world wide meltdown, do you think other countries had increased employment during a meltdown?
During the same era, most other developed economies actually had decreasing unemployment.
Just for the record, in 2005,
World:6.3%
East Asia:3.8%
Rich countries:6.7% United States:5.1% European Union:8.7% Japan:4.5% Australia:4.8%
Latin America:7.7%
Africa:9.7%
Middle East:13.2%
PPI: Unemployment Rates are Highest in the Middle East (http://www.ppionline.org/ppi_ci.cfm?knlgAreaID=108&subsecID=900003&contentI D=254026 - broken link)
Your translation abilities leave a lot lot be desired.
Quote:
Originally Posted by pghquest
Except that you have non stop criticized the less than 5% unemployment rates under Bush.
I criticised Bush for allowing unemployment to grow, during very favourable economic conditions.
He inherited an unemployment rate and managed to increase the increase unemployment.
Quote:
Originally Posted by pghquest
Unemployment rates under Bush went down, despite the 9/11 attacks, they only went back up around the period of time that Democrats took over Congress.. You can ignore this all you want, but unemployment under 5% isnt "losing jobs".. I bet you are one of those people defending Obamas high unemployment numbers as "fabulous" though.
Unemployment increased under Bush apart from 2004, 2005, 2006.
Years 2001, 2002, 2003, 2007, 2008 show increased unemployment rate
Why did only 2% of the members respond to the survey? The other 98% of them were looking for work..
The article referred to the group of 44 NABE members as a "panel".
"Panels" are usually a subset of people, selected from a larger group.
Example, a "panel of judges" is considered a credible decision making group, even though it contains a small number of people.
NABE may have asked its membership for volunteers to participate in the survey, and 44 agreed.
It doesn't make this survey any less credible.
Just like Gallop polls only 1,000 people to predict the outcome of 1 million or more voters.
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