If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(USA Today)   7.7%   (usatoday.com) divider line 205
    More: Cool, San Rafael, employers added, consensus forecasts, radio transmissions  
•       •       •

5709 clicks; posted to Politics » on 08 Mar 2013 at 10:21 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



205 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all
 
2013-03-08 10:38:58 AM
I have already been infromed via facebook that the REAL number is 14.4%, if they calculated things the way they did back at the arbitrarily-selected date of January 2009.
 
2013-03-08 10:39:29 AM

o5iiawah: Looks to me like we are spending more and more to get the same rats-ass-hair-above-baseline numbers we've had for the last 5 years.


Look again.
 
2013-03-08 10:39:35 AM

mrshowrules: Under a tax cutter (Bush) the unemployment went from 4.2% to 7.8%.

Under a tax raiser, unemployment went from 7.8% to 7.7%

Conclusion: raising taxes destroys jobs and cutting taxes creates jobs.


You have not properly unskewed those numbers, and thus they are not meaningful for comparison purposes.
 
2013-03-08 10:40:06 AM

MyRandomName: The horror of sequestration in action.


Notsureifserious.jpg.exe.html

Most of the cuts to employment so far in the sequestration are forced furlough days.  IE, civilian defense department employees being forced to only work four days a week (at a 20% pay cut).  They still have a job, so they aren't unemployed.  Eventually, however, there will be additional job cuts, plus those people who just got a 20% pay cut aren't buying movie tickets/new cars/new houses/whatever, so the people who make that stuff get laid off.  But it's way to recent for that stuff to show up in the figures yet.
 
2013-03-08 10:40:10 AM

EighthDay: Dusk-You-n-Me: [i.imgur.com image 520x400]

6.35M private sector jobs in the last three years. 36 straight months of private sector job growth. More stimulus please.

Now imagine what the rate would have been if we hadn't cut so much public sector payroll...


7.2% is the number I've seen on Twitter this morning.
 
2013-03-08 10:40:15 AM
Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
01/20/2001: 4.2%
01/20/2009: 7.8%
Unemployment Rate Change: 85.71% increase

Obama
01/20/2009: 7.8%
Currently: 7.7%
Unemployment Rate Change: 1.28% decrease


Comparing unemployment rate fluctuation when their budgets first took place

Bush
01/01/2002: 5.7%
12/31/2009: 9.9%
Unemployment Rate Change: 73.68% increase

Obama
01/01/2010: 9.9%
Currently: 7.7%
Unemployment Rate Change: 22.22% decrease
 
2013-03-08 10:40:52 AM

o5iiawah: Dusk-You-n-Me: [i.imgur.com image 520x400]

6.35M private sector jobs in the last three years. 36 straight months of private sector job growth. More stimulus please.

The economy needs around 80,000 jobs per month just to replace jobs lost when people retire.  Looks to me like we are spending more and more to get the same rats-ass-hair-above-baseline numbers we've had for the last 5 years.


So three times the replacement number is a "rats ass hair above" in your opinion?
 
2013-03-08 10:41:28 AM

Four years ago, we had 22.6 million government jobs. Now it's 21.8 million. We've cut 740,000 government jobs. data.bls.gov/timeseries/CES...

- Keith Boykin (@keithboykin) March 8, 2013


Socialism!
 
2013-03-08 10:42:58 AM

DamnYankees: Granny_Panties: Do you know what's really sad? If Romney would have won, he would be taking full credit for this. Yet Obama was responsible for job losses in 2008.

This was a big worry of mine. Had Romney won, conservative would have received the credit for an inevitable recovery and would have done great, underserved damage to the reputation of liberalism.


I always thought a fairer measure would be by budget/Fiscal Year for which the President is responsible.

Obama's first budget/FY started in October 2009 and the U3 was at 10%.  That is a 2.3% drop to present.

Bush's first budget started in October 2001 and ran to October 2009.  The U3 went from 5.3% to 10% in that period.  That was a 4.7% increase.
 
2013-03-08 10:43:02 AM

mrshowrules: Up voting.  U6 dropped also so the haters got nowhere to run.


U6 generally tracks U3.
 
2013-03-08 10:44:02 AM
Thank You And God Bless You George W. Bush
 
2013-03-08 10:44:47 AM

NateGrey: Thanks Obama.

 
2013-03-08 10:49:31 AM

Dusk-You-n-Me: EighthDay: Now imagine what the rate would have been if we hadn't cut so much public sector payroll...

Unemployment rate if level of government employment was same as end of 2008? 7.2%.- Justin Lahart (@jdlahart) March 8, 2013


Nice.

So if we hadn't been cutting spending left, right, and center, our employment rate would be much closer to "normal," which would help firm up the economic recovery and get us chugging along again.

Instead, we're stuck limping along for the foreseeable future.
 
2013-03-08 10:50:06 AM
www.washingtonpost.com


Worst Free Market hating SHOOSHULIST EVAH!!!!
 
2013-03-08 10:50:50 AM

Philip Francis Queeg: See, all those Republican job creation bills are working.


You mean the ones restricting abortion?
 
2013-03-08 10:51:20 AM

EighthDay: So if we hadn't been cutting spending left, right, and center, our employment rate would be much closer to "normal," which would help firm up the economic recovery and get us chugging along again.


Not to mention the enjoyable fringe benefits, such as non crumbling bridges.
 
2013-03-08 10:51:32 AM
This is the Herbert Hoover recovery. I knew it would happen eventually.
 
2013-03-08 10:51:52 AM
Good news, despite repub determination to sabotage the economy and Democratic incompetence at stopping them. Essentially, you can't keep a huge, efficient, motivated value creator like US economy down, try as you might. One has to wonder why the party which claims to be the fiscally responsible one is so determined to destroy the economy (through austerity, sequestration, debt ceiling crises, etc.) in order to prove that the other party is determined to what only a bunch of complete idiots or crazy people would want to do--destroy the economy.
 
2013-03-08 10:52:37 AM

humanshrapnel: [thinkprogress.org image 320x240]


Heh.  What's the date on that?
 
2013-03-08 10:52:44 AM

Deneb81: MyRandomName: The horror of sequestration in action.

Jobs numbers are pre-sequestration, post-tax increase.


Currently on the FoxNews front page:

i46.tinypic.com
 
2013-03-08 10:53:17 AM

Type_Hard: Deneb81: MyRandomName: The horror of sequestration in action.

Jobs numbers are pre-sequestration, post-tax increase.

Currently on the FoxNews front page:

[i46.tinypic.com image 233x258]


Oh for farks sake.
 
2013-03-08 10:53:31 AM
The Socialist Obama that Republicans have created is responsible for the 666% "REAL" unemployment rate that Republicans have made up.
 
2013-03-08 10:53:49 AM

Type_Hard: Deneb81: MyRandomName: The horror of sequestration in action.

Jobs numbers are pre-sequestration, post-tax increase.

Currently on the FoxNews front page:

[i46.tinypic.com image 233x258]


to be fair, how are you shocked to learn that the GOP and Fox doesn't understand how economics works
 
2013-03-08 10:54:25 AM

mrshowrules: DamnYankees: Granny_Panties: Do you know what's really sad? If Romney would have won, he would be taking full credit for this. Yet Obama was responsible for job losses in 2008.

This was a big worry of mine. Had Romney won, conservative would have received the credit for an inevitable recovery and would have done great, underserved damage to the reputation of liberalism.

I always thought a fairer measure would be by budget/Fiscal Year for which the President is responsible.

Obama's first budget/FY started in October 2009 and the U3 was at 10%.  That is a 2.3% drop to present.

Bush's first budget started in October 2001 and ran to October 2009.  The U3 went from 5.3% to 10% in that period.  That was a 4.7% increase.


Those are basis point drops, not percentage drops.  10% to 7.7% is a 23% decrease.  5.3% to 10% is an 88.6% increase.
 
2013-03-08 10:54:37 AM
7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.
 
2013-03-08 10:55:10 AM
 
2013-03-08 10:55:33 AM

o5iiawah: The economy needs around 80,000 jobs per month just to replace jobs lost when people retire.  Looks to me like we are spending more and more to get the same rats-ass-hair-above-baseline numbers we've had for the last 5 years.


Do you think that when someone retires his/her job just vanishes?
 
2013-03-08 10:56:05 AM
Sounds like the current spin is "they can only say they're adding jobs by revising the jobs added downward for the previous months every month", despite the revisions last year averaging a net increase in jobs added of 24,000 per month.
 
2013-03-08 10:56:16 AM
It's all business confidence because Mitt Romney returned to the private sector part-time.

Checkmate, libs.
 
2013-03-08 10:57:19 AM

LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.


Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?
 
2013-03-08 10:58:39 AM

coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?


Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?
 
2013-03-08 10:59:36 AM
Remember folks, when the economy is doing well, it's because it took economic changes YEARS to take hold and therefore ACTUALLY is the result of the policy of former "our side" politics. Sometimes it takes the economy 4, 8, 12, 16, 20, 24, or 28 years for the country to reap the rewards of economic policies...

But when the economy is down, it is the result of IMMEDIATE "their side" politics, like the mere act of getting elected, that cause economic downturn...
 
2013-03-08 11:00:13 AM
Oh boy, rev up that spin machine. Remember kids, unemployment going down/jobs added/DOW at record highs is BAD BAD BAD BAD BAD BAD. OBAMA IS THE WORST SOCIALIST IN THE HISTORY OF HISTORY.
 
2013-03-08 11:00:14 AM

LargeCanine: coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?

Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?


In the event you're NOT a troll, shill, or imbecile.

This is data from February.

Sequester didn't start until March.

Do you understand how time works?
 
2013-03-08 11:00:36 AM

o5iiawah: The economy needs around 80,000 jobs per month just to replace jobs lost when people retire. Looks to me like we are spending more and more to get the same rats-ass-hair-above-baseline numbers we've had for the last 5 years.


You really live in a fantasy land, don't you? 7.7% isn't "OMG WE ALL HAVE JOBS" but it's a damn sight better then where it was when the other guy left the office.

and if it only takes 80K to replace the jobs lost when people retire, then haven't we cleared that threefold last month? So I fail to see the problem with this. Perhaps you can explain it to me
 
2013-03-08 11:01:36 AM
For some perspective on how much we have lowered our economic expectations:

pbs.twimg.com
 
2013-03-08 11:01:55 AM

EighthDay: LargeCanine: coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?

Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?

In the event you're NOT a troll, shill, or imbecile.

This is data from February.

Sequester didn't start until March.

Do you understand how time works?


I see you're not familiar with the TimeCube. Time is not an abstract concept that moves in Euclidean fashion. Your ignorance is astounding, even by Fark Lib  tm standards
 
2013-03-08 11:02:08 AM
We get it, he's black.
 
2013-03-08 11:02:24 AM

EighthDay: LargeCanine: coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?

Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?

In the event you're NOT a troll, shill, or imbecile.

This is data from February.

Sequester didn't start until March.

Do you understand how time works?


Not since Obama stepped into his time machine.  Farked up the whole timeline...
 
2013-03-08 11:02:56 AM

cameroncrazy1984: The BLS is just massaging the numbers to get Obama re-elected, obviously

Hey, didn't we raise taxes in January? What happened to all the job losses? Why didn't the sky fall like the GOP said it would?



The disastrous effects of the Obama tax hikes were offset by the spending cuts that the Republicans bravely negotiated into the sequester.
 
2013-03-08 11:03:38 AM

LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.


The recovery isn't as fast as I want, therefore no recovery is happening.
 
2013-03-08 11:04:30 AM

YoungSwedishBlonde: I see you're not familiar with the TimeCube. Time is not an abstract concept that moves in Euclidean fashion. Your ignorance is astounding, even by Fark Lib tm standards


I am ashamed for my ignorance and will report to the Conservative Reeducation Camp immediately.
 
2013-03-08 11:04:47 AM

LargeCanine: Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?


sequester doesn't work that way. It's not instantaneous. Next month, we'll feel the effect. but you knew that already, right?
 
2013-03-08 11:04:58 AM
slowly... slowly... hold... hold...
 
2013-03-08 11:08:09 AM

LargeCanine: coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?

Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?


imshopping.rediff.com

(Farking) potato time.  How does it work?
 
2013-03-08 11:09:36 AM

doublesecretprobation: we'll see how things go over the course of the year when jobs start drying up from the sequester.


those are government jobs and don't count.
 
2013-03-08 11:10:03 AM

LargeCanine: coeyagi: LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.

Lowest tax rates in U.S. history.  When exactly are the Job Creators going to give us that Golden Laffer Shower?

Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?


Funny thing: cuts going into effect 3/1/2013 and actually being scheduled for April of that year do not affect hiring for the period of 2/1/2013-2/28/2013. Don't worry, there will be plenty of people saying cutting spending lowered the unemployment rate this time around.
 
2013-03-08 11:11:57 AM

Curious: doublesecretprobation: we'll see how things go over the course of the year when jobs start drying up from the sequester.

those are government jobs and don't count.


as a metric of economic health, not really
 
2013-03-08 11:12:11 AM

LargeCanine: Hey, wait, I thought the Sequester was supposed to be a disaster and cost jobs or something. So, its not now?


Is this what Republicans actually believe? Can someone get these trolls a calendar.
 
2013-03-08 11:13:21 AM

LargeCanine: 7.7% is slightly less terrible. Certainly nothing to brag about.

Maybe this summer will be the "summer of recovery" that we have been promised for 4 years.


you're right congressional republicans have succeeded in their goal of slowing america's economic recovery. are you happy?
 
Displayed 50 of 205 comments

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report