Our Awful Economy, In One Chart

Discussion in 'Economy' started by longknife, Oct 16, 2012.

  1. longknife
    Offline

    longknife Platinum Member

    Joined:
    Sep 21, 2012
    Messages:
    25,171
    Thanks Received:
    8,310
    Trophy Points:
    900
    Location:
    Sin City
    Ratings:
    +13,517
    by John Hinderaker

    Michelle Obama says we are “in the midst of a huge recovery.” That claim is laughable to anyone who has lived through the last four years; this simple chart from the Senate Budget Committee highlights one of the central failings of Obamanomics: people are leaving the labor force faster than they are entering it. Since Obama became president ten times as many people have been added to the roster of those not in the labor force, than have been added to the labor force:

    [​IMG]
    That record of futility can never have been approached in American history.

    :eusa_whistle:
     
  2. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,548
    Thanks Received:
    1,130
    Trophy Points:
    205
    Ratings:
    +3,046
    7.8% unemployment down from 8.2% because people are too discouraged to look for work and because they are taking part time work at 7-Eleven and Mickey D's is a huge recovery????????????
     
  3. Mick01
    Offline

    Mick01 Rookie

    Joined:
    Oct 21, 2012
    Messages:
    8
    Thanks Received:
    3
    Trophy Points:
    1
    Ratings:
    +3
    Here's a chart I would like to see. The number of 50K+ paying jobs lost versus the number of >40K jobs gained since this great "recovery."

    You can cover up the truth but you can't cover up the consequences of the truth.
     
  4. 4Horsemen
    Offline

    4Horsemen Senior Member

    Joined:
    Oct 9, 2012
    Messages:
    1,205
    Thanks Received:
    116
    Trophy Points:
    48
    Ratings:
    +116
    Jesus Christ!
     
  5. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    Wow, longknife. What a great non-partisan source: Republican Senator Jeff Sessions and his staff. You did a great job of going as far to the bat shit crazy right as possible.
    Relative to the decrease in the work force, actual impartial explanations are quite different. For example:
    "Economists say the story is considerably more complicated. For one thing, the trend predates President Obama. And while part of the story is clearly that the labor force is shrinking because the bad economy is driving workers out, another significant factor is that baby boomers are beginning to retire early — a trend that has worrying implications for future growth." Further, the decrease is not a phenomonon of just the obama admin. It has been going on since at least 2000.
    The incredible shrinking labor force - The Washington Post

    Per the CBO:
    "The Congressional Budget Office (CBO) anticipates that during the next decade the
    U.S. labor force will grow at about the same rate, on average, as it did during the past
    decade; that is, the percentage change in 2020 from 10 years earlier will be about
    the same as the change was in 2010 (see Figure 1). The labor force is projected to
    increase from 153.9 million people in 2010 to 168.7 million in 2021 (see Table 1).
    The aggregate rate of participation in the labor force is projected to fall from
    64.7 percent in 2010 to 63.0 percent in 2021."
    If you read this analysis in full, the CBO projects a falling participation rate for a variety of reasons, none having to do with any political reasons.
    http://www.cbo.gov/sites/default/fi...20xx/doc12052/03-22-laborforceprojections.pdf

    So, being a con tool, you are posting bat shit crazy con sources. Just the way you are. But from a rational point of views, you are, technically, full of shit.
     
    • Thank You! Thank You! x 1
  6. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,548
    Thanks Received:
    1,130
    Trophy Points:
    205
    Ratings:
    +3,046
    too stupid and perfectly liberal once again!!!! The more participation falls, for whatever reason, including 10,000 baby boomers retiring every day, the better the employment numbers will look! But, despite the huge fall off in participation and the huge number settling for part time work, (2/3) in the last report, Barry's numbers are horrible.
     
  7. 4Horsemen
    Offline

    4Horsemen Senior Member

    Joined:
    Oct 9, 2012
    Messages:
    1,205
    Thanks Received:
    116
    Trophy Points:
    48
    Ratings:
    +116
    Jesus Christ!..Christ Jesus!
     
  8. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    Ed. You need to stop. You are embarasing yourself. Not your fault, I know, you are just mentally ill. NStupid con studies:
    Brock University Study Low IQ & Conservative Beliefs Linked to Prejudice | Racism, Bias & Politics | Right-Wing and Left-Wing Ideology | LiveScience

    U of Arkansas study Study “Proves” Conservatism Linked To Stupidity - The Ulsterman Report

    British Cohort study Right-wingers are less intelligent than left wingers, says controversial study - and conservative politics can lead people to be racist | Mail Online

    LiveScience study http://blogs.discovermagazine.com/gnxp/2012/01/social-conservatives-have-a-lower-i-q-probably/othing you can do, except stop posting stupid statements.
     
  9. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,548
    Thanks Received:
    1,130
    Trophy Points:
    205
    Ratings:
    +3,046
    of course if conservatism or libertarianism was stupid you would not so afraid to present your best example for the whole world to see.

    What does your fear tell you about liberalism!
     

Share This Page