Obama creates 297,000 JOBS!

Discussion in 'Politics' started by Common Sense, Jan 5, 2011.

  1. Common Sense
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    Early Wednesday, payroll processor ADP said private companies added 297,000 jobs in December. That's nearly three times the 100,000 economists had expected. Treasurys took a dive after the report was released.

    Summary Box: Jobs report sends Treasurys lower

    you cant say that the tax cuts compromise caused any of this since none of it was in affect during December, and it wasnt even passed until December 16th.

    oh but i bet that the Tea Party and GOP will try to somehow claim victory on this one as well..
     
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    Well on the surface at least, this certainly seems like great news.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's not Great news, but it is decent news.

    It would be helpful to know the nature of the jobs - temp vs. perm, and in what sectors.
     
  4. Common Sense
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    agreed, its a huge win for Obama especially with the GOP saying that he doesnt know how to create jobs. but like i said, im sure the Tea Party and GOP will try to spin this their way.... only time will tell

    @Bod - im not sure, ADP did not report those numbers which does make me a bit skeptical since there is usually an uptick in seasonal jobs over the holidays. but the good news is that they only forecast 100,000 and the economy actually added 297,000. thats huge for the economy.
     
    Last edited: Jan 5, 2011
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Good news.

    Expect the greek chrous in Three, Two, One..
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's not a coincidence that December was after the 2010 mid term election.
     
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  7. Common Sense
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    and there it is..... i was wondering how long it would take for the right to take credit on this one..... all of about 6 posts.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Hmm 850 billion divided by 297,000 jobs..... yeah that Obama he dun gut
     
  9. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    40% of which were tax cuts.

    So..not sure what you are saying. Tax cuts work? Or they don't?
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Yes it is.

    It's also before the tax cut issue was settled, you know, the issue that was being fraudulently held up by the corporate interests and their tools on the right as creating the uncertainty that was preventing hiring?

    a.k.a. total bullshit...
     

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