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(AEI Ideas)   Let's take a wee look back at the Obama Administration economic predictions with and without the Stimulus. 5.3% unemployment? That would be absolutely Bush league   (aei-ideas.org) divider line 164
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2450 clicks; posted to Politics » on 06 Jul 2012 at 12:09 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-06 12:41:48 PM
I am outraged that President is unable to perform the duties delegated to the legislative branch.

STUPID LIBERAL CONSTITUTION!
 
2012-07-06 12:41:48 PM

SacriliciousBeerSwiller: The argument that since the stimulus didn't have the best possible outcome, that we thus should return to digging our own graves with supply-side nonsense policies, is the epitome of wall-licking retarded.


I absolutely love hearing that from people, in all its forms of stupid.

"Well, we can't get rid of all pollution, so we should just deregulate everything."
"Somebody is going to abuse the unemployment insurance program no matter what we do, so let's get rid of it."
"Our public schools aren't perfect, so we should do away with them and move to a private voucher program."

And my personal favorites are when these people assume that everyone else is stupid enough to follow the same logic.

"Obama didn't get young people their unicorn and puppy, so they'll vote for Romney."
"Immigrants didn't get every last thing they could ever want from Obama, so they'll vote for more Republicans."
"Obama didn't fix every last bit of the mess created by his predecessor, so everyone will vote him out."
"He's not really a friend of the homosexual community, so the gays will vote for Romney."
 
2012-07-06 12:43:03 PM
Raharu: [TC.jpeg]

In that scenario, does that mean that Obama is Jessie and Tulip is Keynesian Economics?
 
2012-07-06 12:43:47 PM
The job creators haven't been creating jobs.

Repeal the Bush tax cuts for the top 10% of Americans.
 
2012-07-06 12:44:56 PM
The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration

The U-6 unemployment rate is now up to 14.9%

780,000 more women unemployed today than when Obama took office

Give President Peace Prize (Libya, Somalia, Yemen, Pakistan, Afghanistan, Iraq, The "Kill List" etc.) a Nobel Prize in Economics.
 
2012-07-06 12:45:55 PM
Are we in "Recovery Summer" yet?
 
2012-07-06 12:46:46 PM

qorkfiend: praymantis: theknuckler_33: FlashHarry: whoo boy, freeper friday is coming fast and hard this morning.

a) the obama administration underestimated the severity of the bush recession
b) they revised their estimates accordingly and admitted making a mistake (when was the last time you heard a republican admit a mistake?)
c) without the stimulus (which every single republican in the house voted against), unemployment would've peaked well north of 11 percent, perhaps nearer 16 percent

so, yes, obama predicted that the recovery would greet us as liberators. turns out it requires quite a fight. pretty sad, though, that the enemy we're fighting is the goddamned republican party.

Let's not forget that Europe's woes are a drag on our recovery.

All of the above does not matter to the average voter. All they care about is how the economy is doing right now and if they have work. You can scream every prediction there was and say see its better. It is not better to most of the American people and that is Obama's problem in November. I don't know if he will win or lose but if the economy does not get any better anytime soon it doesn't look good.

Do you have anything to support this assertion, or are you going by your gut instinct? All indicators right now look very good for Obama.


http://fivethirtyeight.blogs.nytimes.com/

Nate gives him just under 70% odds of winning it today. I wouldn't say the odds look "very good" I would say they look good though (it is still a long ways till november though)
 
2012-07-06 12:46:46 PM

Stile4aly: This shiat again?

These projections were made in January of 09. The 4th quarter GDP contraction was later revised up. And later still the overall 2008 job losses were revised up. In short, the projections were made off of the best available data at the time and that data was an underestimation of how bad things were.

So what you're arguing, Subby, is that the stimulus plan should have been even bigger.


IIRC, there was talk of Obama wanting a larger stiumulus, but a package that size would have been soundly rejected by Congress
 
2012-07-06 12:48:18 PM
Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.
 
2012-07-06 12:50:13 PM

pacified: Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.


0/10
 
2012-07-06 12:50:31 PM

qorkfiend: praymantis: theknuckler_33: FlashHarry: whoo boy, freeper friday is coming fast and hard this morning.

a) the obama administration underestimated the severity of the bush recession
b) they revised their estimates accordingly and admitted making a mistake (when was the last time you heard a republican admit a mistake?)
c) without the stimulus (which every single republican in the house voted against), unemployment would've peaked well north of 11 percent, perhaps nearer 16 percent

so, yes, obama predicted that the recovery would greet us as liberators. turns out it requires quite a fight. pretty sad, though, that the enemy we're fighting is the goddamned republican party.

Let's not forget that Europe's woes are a drag on our recovery.

All of the above does not matter to the average voter. All they care about is how the economy is doing right now and if they have work. You can scream every prediction there was and say see its better. It is not better to most of the American people and that is Obama's problem in November. I don't know if he will win or lose but if the economy does not get any better anytime soon it doesn't look good.

Do you have anything to support this assertion, or are you going by your gut instinct? All indicators right now look very good for Obama.


Very good really? Right now according to RealClearPolitics, it is going to come down to about 11 states and that is before the news came out about unemployment today. I am not saying he is going to lose but this election will be much tighter than the average MSNBC watcher may think.
 
2012-07-06 12:51:10 PM

smedley89: pacified: Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.

0/10


You're right, gotta let thousands more die in Iraq and New Orleans.
 
2012-07-06 12:51:35 PM
Judging by the number of idiots out in force parroting this, I think we just found the Romney campaign talking point for the weekend.
 
2012-07-06 12:51:50 PM

SkinnyHead: Rashnu: We need to subsidize and spur R&D and investment towards developing the quantum computing power necessary to simulate alternate timelines and definitively and conclusively prove that Obama made the wrong decisions at every point in his presidency.

You don't need a super computer to prove that. The proof of the pudding is in the eating.


Counterfactuals don't work like that. I was hoping to trick the GOP into supporting scientific inquiry but have obviously been foiled by a trite, old-timey saying masquerading as profound. I'd only argue that despite Obama's shortcomings, at this point in the river it'd be foolish to trade horses. Plus he'd likely drown if we did.

/'cause he's black
 
2012-07-06 12:52:25 PM

praymantis: qorkfiend: praymantis: theknuckler_33: FlashHarry: whoo boy, freeper friday is coming fast and hard this morning.

a) the obama administration underestimated the severity of the bush recession
b) they revised their estimates accordingly and admitted making a mistake (when was the last time you heard a republican admit a mistake?)
c) without the stimulus (which every single republican in the house voted against), unemployment would've peaked well north of 11 percent, perhaps nearer 16 percent

so, yes, obama predicted that the recovery would greet us as liberators. turns out it requires quite a fight. pretty sad, though, that the enemy we're fighting is the goddamned republican party.

Let's not forget that Europe's woes are a drag on our recovery.

All of the above does not matter to the average voter. All they care about is how the economy is doing right now and if they have work. You can scream every prediction there was and say see its better. It is not better to most of the American people and that is Obama's problem in November. I don't know if he will win or lose but if the economy does not get any better anytime soon it doesn't look good.

Do you have anything to support this assertion, or are you going by your gut instinct? All indicators right now look very good for Obama.

Very good really? Right now according to RealClearPolitics, it is going to come down to about 11 states and that is before the news came out about unemployment today. I am not saying he is going to lose but this election will be much tighter than the average MSNBC watcher may think.


You sound...concerned. Very concerned.
 
2012-07-06 12:53:01 PM
It's tough to make predictions, especially about the future. -- Yogi Berra.
 
2012-07-06 12:53:44 PM

Sensual Tyrannosaurus: Judging by the number of idiots out in force parroting this, I think we just found the Romney campaign talking point for the weekend.


Reality is the new talking point.
 
2012-07-06 12:54:25 PM
pacified

Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.


Are you always this stupid or are you making a special effort today?
 
2012-07-06 12:54:39 PM
Republicans cheer as the economy continues to struggle. More poor, unemployed people with no or inadequate health insurance and other essentials is completely awesome to Republicans because all that matters is beating Obama.
 
2012-07-06 12:55:28 PM
3599
 
2012-07-06 12:56:09 PM

patrick767: Republicans cheer as the economy continues to struggle. More poor, unemployed people with no or inadequate health insurance and other essentials is completely awesome to Republicans because all that matters is beating Obama.


It is their stated number one goal, as long as they get that, Rome can burn.
 
2012-07-06 12:59:30 PM

praymantis: theknuckler_33: Let's not forget that Europe's woes are a drag on our recovery.

All of the above does not matter to the average voter. All they care about is how the economy is doing right now and if they have work. You can scream every prediction there was and say see its better. It is not better to most of the American people and that is Obama's problem in November. I don't know if he will win or lose but if the economy does not get any better anytime soon it doesn't look good.


I would argue it is better to most of the American people. People who didn't lose their job but lost 1/2 the value in their 401K have pretty much been made whole again. Many of the people who lost jobs as of about September 2009 have gotten jobs... roughly 3 million IIRC, we're out of Iraw, OBL is dead, and we're dwindling down in Afghanistan... and our alternative is a guy who is proposing a carbon-copy of Bush's economic agenda.

Sorry, you are right that the economy isn't where most would like it to be, but the other side is basically offering to take us back to 2008, 'the good old days'. No thanks. The other side is going to have to have something to offer, they have offered zilch other than "Obama sucks". That's not going to go far (just like it didn't for Kerry in 2004).
 
2012-07-06 12:59:36 PM

SacriliciousBeerSwiller: BillCo: It's too bad our great leader spent 1.5 years cramming a bloated welfare plan down the throats of the American people when he should have been focused on jobs and the economy.

And yet, you'll be the first to attack him for saving the American auto industry.

F*ck you.


Yep, he sure saved it alright... with TAXPAYERS money.... have you even glanced at GM stock recently? The US Treasury owns around 30% of that crap. It opened at 34.26, rose to as much as 38 and is sitting at 20.22 as of 12:45pm July 6... according to CNN the stock needs to reach 51 before taxpayers break even.

So... who saved the Auto industry? Taxpayers, not Obama... he just had the Treasury write the check.

And he gave how much to Chrysler who then turned around and sold a huge chunk to Fiat, who just the other day increased their share of Chrysler to 61.8% ownership. http://online.wsj.com/article/BT-CO-20120703-705610.html

Is that how you save the US auto industry? By giving much of Chrysler to Fiat for pennies on the dollar?

http://money.cnn.com/2012/02/14/news/economy/romney_gm/index.htm
 
2012-07-06 12:59:44 PM

pacified: smedley89: pacified: Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.

0/10

You're right, gotta let thousands more die in Iraq and New Orleans.


Oh, the sentiment was interesting, but I think you needed to make your post a bit more drawn out, use some flamboyance.

Republicans are upset that we weren't able to get thousands more off of the unemployment role, such as Obama's predecessor did. Simply crashing more planes into buildings, or ignoring dykes (heh heh, he said dyke) going bad would do the trick nicely.

Still, I think that would be more like a 1/10... lol. But, you see where I'm headed. Not the message, the delivery!
 
2012-07-06 01:00:58 PM
I don't get what republicans are saying Obama should have done differently. I mean, I gather that they think if he would have cut taxes, then we'd be at 4% unemployment right now.

But that's just stupid. And cutting taxes responsibly means cutting government spending, which will hurt the economy even more. So basically, the republicans must be saying that Obama should have run larger deficits to fix the economy.

I really don't see any policies promoted by Romney that would lead me to believe that he would "fix" the economy any better than Obama.
 
2012-07-06 01:01:46 PM

soy_bomb: Are we in "Recovery Summer" yet?


www.diff.net
 
2012-07-06 01:02:00 PM

BillCo: It's too bad our great leader spent...


... getting what little he could through congress amid much gnashing of teeth and wailing of teabaggers (before they realized what their interesting choice in moniker referred to).
 
2012-07-06 01:02:35 PM

trey101: SacriliciousBeerSwiller: BillCo: It's too bad our great leader spent 1.5 years cramming a bloated welfare plan down the throats of the American people when he should have been focused on jobs and the economy.

And yet, you'll be the first to attack him for saving the American auto industry.

F*ck you.

Yep, he sure saved it alright... with TAXPAYERS money.... have you even glanced at GM stock recently? The US Treasury owns around 30% of that crap. It opened at 34.26, rose to as much as 38 and is sitting at 20.22 as of 12:45pm July 6... according to CNN the stock needs to reach 51 before taxpayers break even.

So... who saved the Auto industry? Taxpayers, not Obama... he just had the Treasury write the check.

And he gave how much to Chrysler who then turned around and sold a huge chunk to Fiat, who just the other day increased their share of Chrysler to 61.8% ownership. http://online.wsj.com/article/BT-CO-20120703-705610.html

Is that how you save the US auto industry? By giving much of Chrysler to Fiat for pennies on the dollar?

http://money.cnn.com/2012/02/14/news/economy/romney_gm/index.htm



What should he have done differently, and how would it have improved the economy?
 
2012-07-06 01:02:49 PM

patrick767: Republicans cheer as the economy continues to struggle. More poor, unemployed people with no or inadequate health insurance and other essentials is completely awesome to Republicans because all that matters is beating Obama.


The only things that have been shovel ready in Obama's economy are bullshait excuses like this from his brown nosers.
 
2012-07-06 01:04:08 PM

soy_bomb: patrick767: Republicans cheer as the economy continues to struggle. More poor, unemployed people with no or inadequate health insurance and other essentials is completely awesome to Republicans because all that matters is beating Obama.

The only things that have been shovel ready in Obama's economy are bullshait excuses like this from his brown nosers.



What should Obama have done differently, and how would it have improved the economy?
 
2012-07-06 01:04:08 PM
In other words, the Obama administration (and, by the way, the consensus among independent economists including the Chicago rat pack and their ideological prodigies who conservatives fall over themselves blowing...who, I can't help but point out, were by and large the same people from whom the administration got their numbers) grossly underestimated the impact of the financial crisis and its fallout.

So, Obama's stimulus plan merely stopped a deflationary spiral opposed to bring us Job Creator Unicorn Hopey Changey Rainbow Fascism Stalin Magic or whatever the fark it is conservatives are babbling about this time in the time span of three years. So Sarah Palin is automatically president, Obama is permakenyan and goes to Guantanamo Bay, we build Real American camps instead of FEMA camps, guns for everyone and the poor, downtrodden Job Creators can come back to American and enjoy FREEDOM and LIBERTY (and by that I mean onshore tax havens galore)?
 
2012-07-06 01:06:06 PM

Wicked Chinchilla: http://fivethirtyeight.blogs.nytimes.com/

Nate gives him just under 70% odds of winning it today. I wouldn't say the odds look "very good" I would say they look good though (it is still a long ways till november though)


I'd be curious what you'd be saying about how good/bad things look for him if Nate had his odds at just over 30%.
 
2012-07-06 01:07:42 PM

dosboot: The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration

The U-6 unemployment rate is now up to 14.9%

780,000 more women unemployed today than when Obama took office

Give President Peace Prize (Libya, Somalia, Yemen, Pakistan, Afghanistan, Iraq, The "Kill List" etc.) a Nobel Prize in Economics


It's almost as if an entire political party has brought all its might (including a 24hr media empire) to bear on not only making Obama a one term president (and, in fact, admitting that's their primary goal, not the economy) but also have been purposely trying to wreck the economy toward that end.

No, that's crazy talk...no political body could be so evil as to wish America fails just so the other side doesn't hang on to the White House. Why, those folks would be so evil, they'd spend most of their time trying to limit civil rights and waging a war on the female gender while simultaneously trying to force religion (THEIR religion only) into Government. Nobody is that evil. That's Disney villain bad. That's Doctor Doom level bad. No political party could become so corrupt as to honestly wish harm on millions of Americans...could they?
 
2012-07-06 01:08:36 PM

Dr. Whoof: dosboot: The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration

The U-6 unemployment rate is now up to 14.9%

780,000 more women unemployed today than when Obama took office

Give President Peace Prize (Libya, Somalia, Yemen, Pakistan, Afghanistan, Iraq, The "Kill List" etc.) a Nobel Prize in Economics

It's almost as if an entire political party has brought all its might (including a 24hr media empire) to bear on not only making Obama a one term president (and, in fact, admitting that's their primary goal, not the economy) but also have been purposely trying to wreck the economy toward that end.

No, that's crazy talk...no political body could be so evil as to wish America fails just so the other side doesn't hang on to the White House. Why, those folks would be so evil, they'd spend most of their time trying to limit civil rights and waging a war on the female gender while simultaneously trying to force religion (THEIR religion only) into Government. Nobody is that evil. That's Disney villain bad. That's Doctor Doom level bad. No political party could become so corrupt as to honestly wish harm on millions of Americans...could they?


No way. If that were true, we'd see employers saying they won't hire until Obama is out of office.
 
2012-07-06 01:08:59 PM

Angry Drunk Bureaucrat: The American Enterprise Institute is not "Some Guy", Submitter.


www.biography.com
Corporations are Some Guys, my friend.
 
2012-07-06 01:11:38 PM

theknuckler_33: Wicked Chinchilla: http://fivethirtyeight.blogs.nytimes.com/

Nate gives him just under 70% odds of winning it today. I wouldn't say the odds look "very good" I would say they look good though (it is still a long ways till november though)

I'd be curious what you'd be saying about how good/bad things look for him if Nate had his odds at just over 30%.


That would be bad.

If it were october and his odds were at 68 I would say they were very good.

Having double the odds of your competitor is a great place to be in. My expectations are tempered by the fact we have most of July, and all of August and September to sit through whilst being inundated by bullshiat.
 
2012-07-06 01:11:41 PM

Angry Drunk Bureaucrat: The American Enterprise Institute is not "Some Guy", Submitter.


You must not submit much. Some Guy is the default if there is no Fark Tab for that site. I don't think there is one for American Enterprise Institute.

Must be a conspiracy to confuse and infuriate though.
 
2012-07-06 01:13:34 PM

trey101: SacriliciousBeerSwiller: BillCo: It's too bad our great leader spent 1.5 years cramming a bloated welfare plan down the throats of the American people when he should have been focused on jobs and the economy.

And yet, you'll be the first to attack him for saving the American auto industry.

F*ck you.

Yep, he sure saved it alright... with TAXPAYERS money.... have you even glanced at GM stock recently? The US Treasury owns around 30% of that crap. It opened at 34.26, rose to as much as 38 and is sitting at 20.22 as of 12:45pm July 6... according to CNN the stock needs to reach 51 before taxpayers break even.

So... who saved the Auto industry? Taxpayers, not Obama... he just had the Treasury write the check.

And he gave how much to Chrysler who then turned around and sold a huge chunk to Fiat, who just the other day increased their share of Chrysler to 61.8% ownership. http://online.wsj.com/article/BT-CO-20120703-705610.html

Is that how you save the US auto industry? By giving much of Chrysler to Fiat for pennies on the dollar?

http://money.cnn.com/2012/02/14/news/economy/romney_gm/index.htm


You speak as if "saving the Auto industry" has no effect other than...what, exactly? Entrenching socialism and a nice feather in Obama's bid for reelection?

Millions of people directly or indirectly work for the Auto industry. Letting that go would mean a further drop in employment and US GDP. Taxpayer INVESTMENT in GM is not a bad thing, especially considering we can hold it until the stock hits 102 (double the break-even point) if we want. The US can hold that stock basically in perpetuity - I'm betting we have many other assets we can sell for beer money before touching the GM nest egg. It's only a loss if we sell under $51; will you be singing Obama's praises if it hits $60 next year?
 
2012-07-06 01:14:01 PM

dosboot: The U-6 unemployment rate is now up to 14.9%


Love it! It was 16.2% a year ago.
 
2012-07-06 01:16:14 PM

SkinnyHead: Looks like the economy would have recovered much better if Obama had just done nothing. He really messed things up.


Oh, hey...Where the hell have you been? I thought you were dead. Though now that I think about it, aneurysm ,advanced syphilis, and brain cancer would all explain both your absence and stupidity.


azazyel: Communist_Manifesto: Wait, you mean economists got a prediction wrong?????? Say it ain't so!!! Economic predictions are about as useful as prayer.

Link

"The only thing worst than an armchair economist...is a professional economist."


I second the...
Nah. Worse than a pro economist is an Austrian-school "economist" At least the pros back their shiat up with facts and figures.
 
2012-07-06 01:16:37 PM
praymantis
Very good really? Right now according to RealClearPolitics, it is going to come down to about 11 states

Oh yeah, Romney's chances in Pennsylvania, Michigan they're lookin' good. And his stance on the auto bailout no doubt will give him a last minute suge in Ohio. Plus, given what a brilliant orator and charismatic guy Romney is, why, anything could happen.

But I was down at the dry cleaners, picking up my brown shirts, and the Small Business Owner slipped me the memo that, just in case that doesn't work out, there's a new plan:

Start saying things like, "if Democrats don't steal the election," and "if they don't commit Chicago-style vote fraud."

That way when...uh, I mean, *if* the dynamic duo of Romney and Gene Eric Whiteguy should lose, we have a narrative. The election was stolen! They didn't let us purge those illegals off the rolls!

And those libby libs, who all cried foul in 2000, why they'll have to accept that we can do the same this time.

So really, when we lose in November, we will have won. Because we have the will. A Triumph of the Will, you could say.
 
2012-07-06 01:17:46 PM

theknuckler_33: dosboot: The U-6 unemployment rate is now up to 14.9%

Love it! It was 16.2% a year ago.


Heh.

I did see that 85,000 went on disability last month. That seems high doesn't it? Lot of disabled people who just happen to have reached the end of their unemployment benefits....coincidence?

http://news.investors.com/article/617233/201207060945/disability-clim b s-faster-than-jobs-under-obama.htm
 
2012-07-06 01:20:14 PM

Chummer45: trey101: SacriliciousBeerSwiller: BillCo: It's too bad our great leader spent 1.5 years cramming a bloated welfare plan down the throats of the American people when he should have been focused on jobs and the economy.

And yet, you'll be the first to attack him for saving the American auto industry.

F*ck you.

Yep, he sure saved it alright... with TAXPAYERS money.... have you even glanced at GM stock recently? The US Treasury owns around 30% of that crap. It opened at 34.26, rose to as much as 38 and is sitting at 20.22 as of 12:45pm July 6... according to CNN the stock needs to reach 51 before taxpayers break even.

So... who saved the Auto industry? Taxpayers, not Obama... he just had the Treasury write the check.

And he gave how much to Chrysler who then turned around and sold a huge chunk to Fiat, who just the other day increased their share of Chrysler to 61.8% ownership. http://online.wsj.com/article/BT-CO-20120703-705610.html

Is that how you save the US auto industry? By giving much of Chrysler to Fiat for pennies on the dollar?

http://money.cnn.com/2012/02/14/news/economy/romney_gm/index.htm


What should he have done differently, and how would it have improved the economy?


You come into the conversation with questions? Not a single statement meant to illicit a thoughtful response, just a simple question that would be on a History test for the 6th grade and is completely irrelevant and subject to many interpretations. Sounds much like a question that they ask a Miss America contestant, loaded, no true answer only opinions.

So you have nothing to offer?
 
2012-07-06 01:24:40 PM
Well Some GuyThe American Enterprise Institute also spent a lot of money and sweat selling the mandatory purchase of health insurance from private vendors as the answer to rotten health care so take everything from them with a grain of salt, AEI's sure to flop on this one too.
 
2012-07-06 01:27:50 PM

I_C_Weener: theknuckler_33: dosboot: The U-6 unemployment rate is now up to 14.9%

Love it! It was 16.2% a year ago.

Heh.

I did see that 85,000 went on disability last month. That seems high doesn't it? Lot of disabled people who just happen to have reached the end of their unemployment benefits....coincidence?

http://news.investors.com/article/617233/201207060945/disability-clim b s-faster-than-jobs-under-obama.htm


What is interesting from that link:

"fully 3.1 million workers signed up for disability benefits [during Obama's administration].

...

(Even after accounting for people who left the disability program because they died or aged into retirement, the disability ranks have climbed more than 1.1 million in the past three years.)"

2 million that were on SS disability have either died or retired in just the past 3.5 years. Just from the pool of people on SS disability! Yep, the boomer retirement is definitely ramping up and is definitely effecting that labor force participation rate that is so en vogue these days.

Not that any of this has anything to do with your point, I just thought it was interesting.
 
2012-07-06 01:30:28 PM
patrick767


Republicans cheer as the economy continues to struggle. More poor, unemployed people with no or inadequate health insurance and other essentials is completely awesome to Republicans because all that matters is beating Obama.



That's cute - did you hear your mommy say that?
 
2012-07-06 01:31:19 PM

I_C_Weener: theknuckler_33: dosboot: The U-6 unemployment rate is now up to 14.9%

Love it! It was 16.2% a year ago.

Heh.

I did see that 85,000 went on disability last month. That seems high doesn't it? Lot of disabled people who just happen to have reached the end of their unemployment benefits....coincidence?

http://news.investors.com/article/617233/201207060945/disability-clim b s-faster-than-jobs-under-obama.htm


It couldn't be that people like my father, who are approaching retirement and are injured aren't deciding to go on Disability to float until they can get Medicare? Naw, it's Obscene OFart Oboner right?
 
2012-07-06 01:31:29 PM

I_C_Weener: I did see that 85,000 went on disability last month. That seems high doesn't it? Lot of disabled people who just happen to have reached the end of their unemployment benefits....coincidence?

http://news.investors.com/article/617233/201207060945/disability-clim b s-faster-than-jobs-under-obama.htm


Who killed the extension of unemployment benefits?
 
2012-07-06 01:32:54 PM

Dr. Whoof: dosboot: The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration

The U-6 unemployment rate is now up to 14.9%

780,000 more women unemployed today than when Obama took office

Give President Peace Prize (Libya, Somalia, Yemen, Pakistan, Afghanistan, Iraq, The "Kill List" etc.) a Nobel Prize in Economics

It's almost as if an entire political party has brought all its might (including a 24hr media empire) to bear on not only making Obama a one term president (and, in fact, admitting that's their primary goal, not the economy) but also have been purposely trying to wreck the economy toward that end.

No, that's crazy talk...no political body could be so evil as to wish America fails just so the other side doesn't hang on to the White House. Why, those folks would be so evil, they'd spend most of their time trying to limit civil rights and waging a war on the female gender while simultaneously trying to force religion (THEIR religion only) into Government. Nobody is that evil. That's Disney villain bad. That's Doctor Doom level bad. No political party could become so corrupt as to honestly wish harm on millions of Americans...could they?


Well said, Doctor. Though I would have said "Dalek" bad instead of "Disney villain" bad. Disney villiains tend to show more restraint.

s2s2s2: Angry Drunk Bureaucrat: The American Enterprise Institute is not "Some Guy", Submitter.

[www.biography.com image 402x402]
Corporations are Some Guys, my friend.


I have no idea where to put you, so you're purple now.
 
2012-07-06 01:36:46 PM

pacified: Republicans are upset that we are not following the Bush model for of lowering unemployment by letting 3,000 citizens get murdered in NYC by terrorists.


10/10

The same Republican idiots that throw out hyperbolic statements are responding.

Kudos.
 
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