Jobless rate hits 9.7%

[RadiomanATL]

To be fair to Radioman, his only argument is that certain people were using the July numbers to tout the effects of stimulus. While I think the stimulus is and will continue to have a positive benefit, that line of reasoning was very short-sighted.

Pretty much. And if people have been paying attention I have already stated that this is still "Bush's" economy, if any president's name can be placed on an economic period. I have also stated that a president has very little effect on the overall economy, and almost zero in the short term.

It's always the unintended consequences of economic policies that come 'round years later to bite us in the ass.

Edit : As a matter of fact, IMO we are just now into "Bush's" economy. Keep in mind that I used " ".

Golly... That sounds so enlightened... The thing is that Bush's economic policy was that of the CENTRIST... He cut taxes, towards respecting Conservative policy and he implemented MASSIVE quanities of social spending; the largest increase since 1967... to appease the Left.

Now there is no means for cutting the liability to the market; through in Bush's case, the across the board cutting of income taxes... and in reducing regulatory liabilities... to promote a reduction in the work-force... in point of fact, such policy can only promote the precise opposite... And I doubt that anyone would argue that in terms of ideology; such policy is a trait of the ideological right; AKA: Conservative policy; OKA: American policy...

Thus, it is a certainty that the Conservative elements of Bush's policy did not result in ANY even POTENTIAL economic downside...

However, the enormous expenditures relevant to the MASSIVE increases in Social-entitlement spending; which necessarily includes the absurd levels of irresponsibility of the Leftist Legislature with hundreds of BILLIONS in earmark spending... ADDED to the RIDICULOUS Marxist Policy instituted by the Federal Reserve and the Leftist Legislature that forced the Mortgage industry to set aside actuarially sound lending policy; which busted the mortage/real-estate industry... caused the economic crash and the Socialist BAIL-out only made matters worse.

Unemployment is NOT 'leveling off...' It's not GOING to level off and the reason it is not going to level off is that companies are still SHRINKING. And why are companies still shrinking? Because there is very little if ANY demand for their products... And there is little demand for their products, because there is little faith that the Marxist policies which are being advanced by this Regime will sustain a viable market...

What people are seeing is a Federal policy which punishes production and profit; and where such is discouraged, it ENCOURAGES protectionist policy by those who are being targeted...

So companies will do what they have to do with as few people as is possible... and right now, we're on the verge of another round of layoffs, as companies are finding that demand for their products and services are insufficient to sustain the few employess which they've held on to, in hopes of the recovery which they've been expecting for over a year.

So, sure you can bitch about 'Bush's Economy' as much as ya like... but there is no element of Bush's Conservative fiscal policy which is responsible for any of this...

Your rant has very little to do with what I posted.

 

[Oddball]

Pretty much. And if people have been paying attention I have already stated that this is still "Bush's" economy, if any president's name can be placed on an economic period. I have also stated that a president has very little effect on the overall economy, and almost zero in the short term.

It's always the unintended consequences of economic policies that come 'round years later to bite us in the ass.

Edit : As a matter of fact, IMO we are just now into "Bush's" economy. Keep in mind that I used " ".

Absolutely concur.

Likewise, anyone -ANYONE- claiming any turnaround in this short a time, being due exclusively to their policies, is also guilty of kicking the bullshit flinger into high gear.

Ya hear that, gaffemeister Biden?

 

[PubliusInfinitum]

Bush had the audacity to start two wars...

Bush didn't start any wars... He DID however take the war which the Marxist Muslims beg for, to them... and he's kicked the shit out of those who've tried to resist, wherever they were foolish enough to identify themselves...

Now you want to complain that the execution wasn't perfect... that's fine... but perfection is a luxury which the US Military doesn't train for; so no serious person expected it, thus weren't surprised when it didn't materialize.

At every point where GW failed; he failed because he was reacting to some Leftist complaint... the simple fact is that had GW declared war in the Left, the US would be immeasurably better off right now, in every respect.

The good news is that his failure to declare war on the Left; and the US Left in particular, is being corrected; with the Left apparently determined to declare war in America... the results of which will be the same...

 

[bugs]

i think the TRUE unemployment rate is around 20% nationwide.. we can all thank the government for all the wonderful help they have given us to get to this..

 

[Thinman]

Bush had the audacity to start two wars...

The good news is that his failure to declare war in the Left is being corrected, with the Left apparently determined to declare war in America... so results of which will be the same.

Yup! They have already shot themselves in the foot and seem determined to finish the job.

 

[ozzmdj]

i think the TRUE unemployment rate is around 20% nationwide.. we can all thank the government for all the wonderful help they have given us to get to this..

Its all Bush's fault

 

[pinqy]

The unemployment rate rose because the household survey showed more unemployed than the payroll survey, and because more people re-entered the workforce.

The payroll survey has no part in the Unemployment rate. The CPS has its own employment number, which is broader in definition (because it includes agriculture, the self-employed, domestic workers, and unpaid family workers), but because the sample is smaller, the number is less accurate, so it's not the official Employment number, but is used for the Unemployment rate.

 

[pinqy]

i think the TRUE unemployment rate is around 20% nationwide.

Define "true unemployment rate," what makes it "true," and who is the authority to define this "true" rate. If you even mention including people who have jobs as part of the "true" unemployed, then you've lost all common sense.

 

[Polk]

i think the TRUE unemployment rate is around 20% nationwide.

Define "true unemployment rate," what makes it "true," and who is the authority to define this "true" rate. If you even mention including people who have jobs as part of the "true" unemployed, then you've lost all common sense.

"True" = whatever he wants to claim it is to suit his agenda.

 

[Ame®icano]

In May 2005, 78,000 jobs were created.

"Today's anemic jobs numbers confirm that President Bush has still failed to create a single new private-sector job since he became President … Democrats are not satisfied." - Nancy Pelosi (D-CA) - Press Release

In June 2005, 146,000 jobs were created.

"This jobs report is not only disappointing but also further proof of the Republicans’ dismal jobs record over the last four years." - Whip Steny Hoyer (D-MD) - Press Release

In February 2004, 21,000 jobs were created.

"Last Friday brought more disappointing news to our country. Twenty-one thousand new jobs were created last month." - Hilda Solis (D-CA) - Congressional Record

Lets see what the same people said about present unemployment data, shall we?



In August, 216,000 jobs were lost.

"Today's better-than-expected news on job losses and a slight drop the unemployment rate is evidence that the recession is slowing and that our economic policies – such as the economic recovery act passed earlier this year -- are beginning to take a positive effect." - Nancy Pelosi (D-CA) - Press Release

"Today’s numbers are a sign that the Recovery Act is beginning to take hold and have a real effect across the nation." - Whip Steny Hoyer (D-MD) - Press Release

"As a direct result of the billions of dollars in Recovery Act assistance we have already moved to state and local governments … we are starting to see some signs of progress and our economy is beginning to stabilize." - Hilda L. Solis, Labor Secretary - Press Release

"This is another important sign that we’re heading in the right direction … the steps we’ve taken to bring our economy back from the brink are working." - Pres. Barack Obama - White House Release

"The bottom line is that part of what this act was about was...keeping people from falling into a deep black hole." - Joe Biden - Chicago Breaking News

 

[PubliusInfinitum]

i think the TRUE unemployment rate is around 20% nationwide.

Define "true unemployment rate," what makes it "true," and who is the authority to define this "true" rate. If you even mention including people who have jobs as part of the "true" unemployed, then you've lost all common sense.

Well let's see... how hard can THAT BE?

Total number of able bodied workers... MINUS those ABLE-BODIED WORKERS WHO ARE NOT WORKING... Now it's true, because of the reality which it represents... and the authority is Nature... based upon her longstanding process known as common sense.

 

[PubliusInfinitum]

In May 2005, 78,000 jobs were created.

"Today's anemic jobs numbers confirm that President Bush has still failed to create a single new private-sector job since he became President … Democrats are not satisfied." - Nancy Pelosi (D-CA) - Press Release

In June 2005, 146,000 jobs were created.

"This jobs report is not only disappointing but also further proof of the Republicans’ dismal jobs record over the last four years." - Whip Steny Hoyer (D-MD) - Press Release

In February 2004, 21,000 jobs were created.

"Last Friday brought more disappointing news to our country. Twenty-one thousand new jobs were created last month." - Hilda Solis (D-CA) - Congressional Record

Lets see what the same people said about present unemployment data, shall we?



In August, 216,000 jobs were lost.

"Today's better-than-expected news on job losses and a slight drop the unemployment rate is evidence that the recession is slowing and that our economic policies – such as the economic recovery act passed earlier this year -- are beginning to take a positive effect." - Nancy Pelosi (D-CA) - Press Release

"Today’s numbers are a sign that the Recovery Act is beginning to take hold and have a real effect across the nation." - Whip Steny Hoyer (D-MD) - Press Release

"As a direct result of the billions of dollars in Recovery Act assistance we have already moved to state and local governments … we are starting to see some signs of progress and our economy is beginning to stabilize." - Hilda L. Solis, Labor Secretary - Press Release

"This is another important sign that we’re heading in the right direction … the steps we’ve taken to bring our economy back from the brink are working." - Pres. Barack Obama - White House Release

"The bottom line is that part of what this act was about was...keeping people from falling into a deep black hole." - Joe Biden - Chicago Breaking News

ROFLMNAO! B E A U T I F U L ! ! !

 

[DiveCon]

In May 2005, 78,000 jobs were created.

"Today's anemic jobs numbers confirm that President Bush has still failed to create a single new private-sector job since he became President … Democrats are not satisfied." - Nancy Pelosi (D-CA) - Press Release

In June 2005, 146,000 jobs were created.

"This jobs report is not only disappointing but also further proof of the Republicans’ dismal jobs record over the last four years." - Whip Steny Hoyer (D-MD) - Press Release

In February 2004, 21,000 jobs were created.

"Last Friday brought more disappointing news to our country. Twenty-one thousand new jobs were created last month." - Hilda Solis (D-CA) - Congressional Record

Lets see what the same people said about present unemployment data, shall we?



In August, 216,000 jobs were lost.

"Today's better-than-expected news on job losses and a slight drop the unemployment rate is evidence that the recession is slowing and that our economic policies – such as the economic recovery act passed earlier this year -- are beginning to take a positive effect." - Nancy Pelosi (D-CA) - Press Release

"Today’s numbers are a sign that the Recovery Act is beginning to take hold and have a real effect across the nation." - Whip Steny Hoyer (D-MD) - Press Release

"As a direct result of the billions of dollars in Recovery Act assistance we have already moved to state and local governments … we are starting to see some signs of progress and our economy is beginning to stabilize." - Hilda L. Solis, Labor Secretary - Press Release

"This is another important sign that we’re heading in the right direction … the steps we’ve taken to bring our economy back from the brink are working." - Pres. Barack Obama - White House Release

"The bottom line is that part of what this act was about was...keeping people from falling into a deep black hole." - Joe Biden - Chicago Breaking News

ah the brilliance we have in DC today

 

[Toro]

Your rant has very little to do with what I posted.

It usually doesn't...

 

[rdean]

For all you Republicans out there complaining that Obama hasn't created any jobs. How many months has he been in office? But forget that.

Republicans have been freezing or cutting funding for education and jobs training for more than a decade.

WITHOUT EDUCATION OR TRAINING, WHAT THE HELL KIND OF JOB DO YOU EXPECT TO GET?

Even McDonald's asks for a GED.

And look what you want to do with education. Replace science with mysticism. Oh that'll get you a job. As an usher at a church. Oh, I'm sorry, as a "volunteer" usher at a church. Help yourself to the pot luck in the parking lot. Sorry, no money.

 

[pinqy]

Well let's see... how hard can THAT BE?

Total number of able bodied workers... MINUS those ABLE-BODIED WORKERS WHO ARE NOT WORKING... Now it's true, because of the reality which it represents... and the authority is Nature... based upon her longstanding process known as common sense.

Well, including people who don't want to work, or can't work for reasons that have nothing to do with the economy, which you're doing, doesn't give a good picture of the economy, does it? So it represents reality, but for what? The official defintion is a measure of how difficult it is to find a job...your definition doesn't help us with that. You are not using any concept of the labor market, which is important. And you would need to define "worker" and "able bodied." Plenty of people with mental and/or physical disabilities work...get out of the 18th century, please. As for worker, does volunteer work for a charity count as employed or unemployed? Stay at home spouses...is that working or not working? Unpaid work in a family business? What age limits, upper and lower? How about military? Prisoners? Those in rehab?

You see, those of us who do this for a living think about this kind of stuff, which is why the definitions are the way they are. Politicians have little to nothing to do with it.

 

[rdean]

Possibly some good news:

ApplianceMagazine.com | A Third of Manufacturers Expect to Hire in Next 12 Months

 

[Oddball]

In May 2005, 78,000 jobs were created.

"Today's anemic jobs numbers confirm that President Bush has still failed to create a single new private-sector job since he became President … Democrats are not satisfied." - Nancy Pelosi (D-CA) - Press Release

In June 2005, 146,000 jobs were created.

"This jobs report is not only disappointing but also further proof of the Republicans’ dismal jobs record over the last four years." - Whip Steny Hoyer (D-MD) - Press Release

In February 2004, 21,000 jobs were created.

"Last Friday brought more disappointing news to our country. Twenty-one thousand new jobs were created last month." - Hilda Solis (D-CA) - Congressional Record

Lets see what the same people said about present unemployment data, shall we?



In August, 216,000 jobs were lost.

"Today's better-than-expected news on job losses and a slight drop the unemployment rate is evidence that the recession is slowing and that our economic policies – such as the economic recovery act passed earlier this year -- are beginning to take a positive effect." - Nancy Pelosi (D-CA) - Press Release

"Today’s numbers are a sign that the Recovery Act is beginning to take hold and have a real effect across the nation." - Whip Steny Hoyer (D-MD) - Press Release

"As a direct result of the billions of dollars in Recovery Act assistance we have already moved to state and local governments … we are starting to see some signs of progress and our economy is beginning to stabilize." - Hilda L. Solis, Labor Secretary - Press Release

"This is another important sign that we’re heading in the right direction … the steps we’ve taken to bring our economy back from the brink are working." - Pres. Barack Obama - White House Release

"The bottom line is that part of what this act was about was...keeping people from falling into a deep black hole." - Joe Biden - Chicago Breaking News

Got anything on the "jobless recovery" bullshit those assholes were peddling back then??

 

[Ame®icano]

Vice President Joe Biden told the nation's governors Thursday that if the $787 billion stimulus fails, "I'm dead."

Wait the minute. If...???

I thougth Biden already declared that "stimulus is working".

Biden held the conference call with almost all the governors -- Louisiana Gov. Bobby Jindal (R) did not participate -- to encourage them to make the Oct. 15 deadline for reporting the number of jobs created and saved by the stimulus package.

VP Biden: If stimulus fails, 'I'm dead'

Since saved jobs cannot be verified, I would like to know how many jobs stimulus created separately from how many jobs were saved. Would you?

 

[Old Rocks]

Where'd concept go? Checking with Rush for his next talking point?

Don't mind if I work a little too?

We conservatives like to work.

Given the fact that we in the blue states have to support you guys in the red states, I find that hard to believe.