Job Growth: Better then expected in October.

[uscitizen]

this was based on estimates by some economists, it is not official numbers as measured. And jobs added or subtracted are measured.
Not to be confused with the way unemployment is figured.

 

[boedicca]

I get the distinct feeling Republicans want the economy to fail.

Look at all the jobs they helped move to China. Is that part of the evidence? Why do they like China more than the US?

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

 

[8537]

this was based on estimates by some economists, it is not official numbers as measured. And jobs added or subtracted are measured.
Not to be confused with the way unemployment is figured.

This is the official number published by the BLS as part of the establishment survey.

 

[boedicca]

Obama sucked the oxygen out of the private sector by redistributing income from it to government expansion. That's just a big bunch of transfer payments, not growth creating investment.

What a load of unmitigated crap.

Taxes have gone down under President Obama. Down..not up. Down is the opposite of up.

Under Bush, however, the amount of money states recieved back from the Federal government went down. Why? Because government was taking in less revenue overall. That meant states had to make up for the short fall..at least here in NYC..by raising taxes. That's up..not down. Up. We also saw some of the biggest transfers of wealth..from poor and middle class to the wealthy..during the Bush administration..then in all of history.

How? Well in multiple ways. The tax cut being one. The two wars being the other. These wars, especially Iraq, made a commodity, Oil, artificially scare. Oil companies made an absolute KILLING...at the gas pumps. They made more money then all industry in all history combined. And the Government STILL kept the tax breaks meant to encourage exploration from the Clinton era.

Bush gutted needful regulatory enforcers..namely SEC..which led to the financial crisis. Another big transfer of wealth for poor/middle class to rich. TARP being the most notable example. Bernie Maddoff ALONE took 20 billion dollars out of the economy.

The thread has officially jumped the shark now that this idiot has played the BLAME BOOOOOSSSSSHHHHHH!!!!!! Card.

 

[uscitizen]

Infortunately, (and i say that becuase I pulled a lever for the guy) as far as economics is considered, Obama is a third term for Bush/Cheney. He is Wall Streets man.
Obamanomics is Bushenomics.

 

[boedicca]

this was based on estimates by some economists, it is not official numbers as measured. And jobs added or subtracted are measured.
Not to be confused with the way unemployment is figured.

This is the official number published by the BLS as part of the establishment survey.

It's sadly amusing when the True Believers don't bother to read the stats provided by the Big Government which they worship.

 

[8537]

I get the distinct feeling Republicans want the economy to fail.

Look at all the jobs they helped move to China. Is that part of the evidence? Why do they like China more than the US?

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

Destroy? you have an odd definition of "destroying" job creation. The economy was destroying 780,000 private sector jobs per month when Obama took office.

It created 158,000 private sector jobs last month and has created about a million in the past year.

 

[iggy pop]

Obama sucked the oxygen out of the private sector by redistributing income from it to government expansion. That's just a big bunch of transfer payments, not growth creating investment.

What a load of unmitigated crap.

Taxes have gone down under President Obama. Down..not up. Down is the opposite of up.

Under Bush, however, the amount of money states recieved back from the Federal government went down. Why? Because government was taking in less revenue overall. That meant states had to make up for the short fall..at least here in NYC..by raising taxes. That's up..not down. Up. We also saw some of the biggest transfers of wealth..from poor and middle class to the wealthy..during the Bush administration..then in all of history.

How? Well in multiple ways. The tax cut being one. The two wars being the other. These wars, especially Iraq, made a commodity, Oil, artificially scare. Oil companies made an absolute KILLING...at the gas pumps. They made more money then all industry in all history combined. And the Government STILL kept the tax breaks meant to encourage exploration from the Clinton era.

Bush gutted needful regulatory enforcers..namely SEC..which led to the financial crisis. Another big transfer of wealth for poor/middle class to rich. TARP being the most notable example. Bernie Maddoff ALONE took 20 billion dollars out of the economy.

Obama cut out federal funding. All of that eneded up falling on states budgets and businesses and services. Guess what. State taxes have risen, Service levels have fallen. Mass transit has been forced to pass the increases on to it's customers. Simply a redistribution of how we pay. Stop the spin, you're making us all dizzy

 

[iggy pop]

I get the distinct feeling Republicans want the economy to fail.

Look at all the jobs they helped move to China. Is that part of the evidence? Why do they like China more than the US?

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

Destroy? you have an odd definition of "destroying" job creation. The economy was destroying 780,000 private sector jobs per month when Obama took office.

It created 158,000 private sector jobs last month and has created about a million in the past year.

LMAO, This is a joke right?

 

[8537]

this was based on estimates by some economists, it is not official numbers as measured. And jobs added or subtracted are measured.
Not to be confused with the way unemployment is figured.

This is the official number published by the BLS as part of the establishment survey.

It's sadly amusing when the True Believers don't bother to read the stats provided by the Big Government which they worship.

You know what's sad, Boedicca? The economy created a 151,000 jobs last semester and all you can do is piss and moan because good news for Americans is bad news for the Tea Party.

 

[topspin]

Obama got his party's ASS kicked for fucking the middle class. Yes he lower taxes in the stimulus. It was so tiny nobody I know can tell how much. I bet you turbo-libs can't tell me without looking it up.
Then he fucked us to the tune of thousands each with the healthcare bill, flexable spending use to allow over the counter which he axed. That alone is more than the pennies in the tax cut, and that's not even talking about the shifting of the bills from rich to poor in the bullshit redistribution of wealth the libtards labled as hc reform.

 

[8537]

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

Destroy? you have an odd definition of "destroying" job creation. The economy was destroying 780,000 private sector jobs per month when Obama took office.

It created 158,000 private sector jobs last month and has created about a million in the past year.

LMAO, This is a joke right?

No, it's not a joke. It's a fact.

 

[boedicca]

I get the distinct feeling Republicans want the economy to fail.

Look at all the jobs they helped move to China. Is that part of the evidence? Why do they like China more than the US?

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

Destroy? you have an odd definition of "destroying" job creation. The economy was destroying 780,000 private sector jobs per month when Obama took office.

It created 158,000 private sector jobs last month and has created about a million in the past year.

2% GDP growth after the supposed end of a recession is a job destroying (as in preventing the creation of) economic result.

Given the severity of the recession, GDP growth should be in excess of 6% right now, with private sector job creation exceeding 300K per month. Instead, capital has been diverted to bloated government.

Yes, that is Job Destruction - and why the labor force participation rate is at a 25 year low.

 

[boedicca]

This is the official number published by the BLS as part of the establishment survey.

It's sadly amusing when the True Believers don't bother to read the stats provided by the Big Government which they worship.

You know what's sad, Boedicca? The economy created a 151,000 jobs last semester and all you can do is piss and moan because good news for Americans is bad news for the Tea Party.

What's sad is that to keep up with population growth, the economy needs to create 130K jobs per month. Anemic economic growth fomented by Obamanomics is keeping millions of people unemployed who would rather work.

What's sad is to see such appalling economic performance defended as growth.

 

[iggy pop]

This is the official number published by the BLS as part of the establishment survey.

It's sadly amusing when the True Believers don't bother to read the stats provided by the Big Government which they worship.

You know what's sad, Boedicca? The economy created a 151,000 jobs last semester and all you can do is piss and moan because good news for Americans is bad news for the Tea Party.

Hey Einstein, it's the holiday season. That is an every year occurance no matter who is in office.

 

[boedicca]

I quote myself to highlight how creating 158K jobs in a "semester"(?) is incredibly inadequate when the adult population increases over 200K in one month.

In October:

The adult population INCREASED by 208,000.

The labor force DECREASED by 254,000.

The number of people who are Actually Employeed DECREASED by 330,000.

The number of people who are no longer in the labor force INCREASED by 462,000.

Given population growth, the labor force should increase. What is happening in the Real World is that PEOPLE ARE GIVING UP BECAUSE THE ECONOMY IS NOT CREATING ENOUGH JOBS.

Employment Situation Summary Table A. Household data, seasonally adjusted

 

[Sallow]

Obama sucked the oxygen out of the private sector by redistributing income from it to government expansion. That's just a big bunch of transfer payments, not growth creating investment.

What a load of unmitigated crap.

Taxes have gone down under President Obama. Down..not up. Down is the opposite of up.

Under Bush, however, the amount of money states recieved back from the Federal government went down. Why? Because government was taking in less revenue overall. That meant states had to make up for the short fall..at least here in NYC..by raising taxes. That's up..not down. Up. We also saw some of the biggest transfers of wealth..from poor and middle class to the wealthy..during the Bush administration..then in all of history.

How? Well in multiple ways. The tax cut being one. The two wars being the other. These wars, especially Iraq, made a commodity, Oil, artificially scare. Oil companies made an absolute KILLING...at the gas pumps. They made more money then all industry in all history combined. And the Government STILL kept the tax breaks meant to encourage exploration from the Clinton era.

Bush gutted needful regulatory enforcers..namely SEC..which led to the financial crisis. Another big transfer of wealth for poor/middle class to rich. TARP being the most notable example. Bernie Maddoff ALONE took 20 billion dollars out of the economy.

Obama cut out federal funding. All of that eneded up falling on states budgets and businesses and services. Guess what. State taxes have risen, Service levels have fallen. Mass transit has been forced to pass the increases on to it's customers. Simply a redistribution of how we pay. Stop the spin, you're making us all dizzy

That's correct. He was left with several huge problems. One was revenue stream. Bush had no such issues. He CREATED them.

And by the way..cool handle. Iggy rules.

 

[topspin]

158,000 is great news relative to where it's been.
With more uncertainty removed 11/2 that number will boom.

 

[boedicca]

Sallow is historically and economically illiterate.

Bush did not create Fannie Mae and Freddie Mac, the ground zero of the financial mess which led to the financial fracas.

 

[8537]

Wrong, moron.

Republicans (and the rest of us who oppose Obamanomics) want the current administration to quit doing things that destroy domestic job creation.

Destroy? you have an odd definition of "destroying" job creation. The economy was destroying 780,000 private sector jobs per month when Obama took office.

It created 158,000 private sector jobs last month and has created about a million in the past year.

2% GDP growth after the supposed end of a recession is a job destroying (as in preventing the creation of) economic result.

The economy grew 5% in the months following the end of the recession. As recessions from financial instability go, that's near record. Economies always experience very staggered growth when the financial sector is overleveraged.

Given the severity of the recession, GDP growth should be in excess of 6% right now, with private sector job creation exceeding 300K per month. Instead, capital has been diverted to bloated government.

Given your fundamental misunderstanding of how economies respond to financial-sector instability, I'll excuse the use of Rush's talking points.