Unemployment rate drops to 8.5%

[Oldstyle]

The stimulus worked.

I hate to point out the inconvenient, Chris...but if the stimulus "worked" then why did Germany's economy come back so much faster than ours with so much smaller amounts of money being pumped into their system? We spent a trillion dollars on "stimulus" that really didn't stimulate the economy at all long term. I suggest that our recovery would have followed essentially the same trajectory without spending that trillion dollars. I suggest that TARP is what was most responsible for halting the economic carnage and that the Obama Stimulus did very little other than protect certain groups favored by this Administration.

Economies rebound from recessions. The rate of that rebound is dependent on policy. In my opinon the policies of this Administration have hampered...not helped that rebound.

-It's a smaller country.
-They weren't as heavily involved in the toxic assets as everyone else.
-They have a very small military.
-They aren't heavily involved in nation building.

By the way..they also have socialized medicine and very generous UE benefits.

Germany is the largest economy in Europe.

And they have the uneviable task of having to subsidize all of the PIGS.

 

[Sallow]

Obama had plenty to do with it. He is the President.

And I am grateful that he finally agreed with the GOP and extended the Bush tax cuts for the job creators.....for within a year, we are seeing it kick into gear nicely.

The "job creators" moved 50K factories overseas AFTER the Bush tax cuts.

They got a huge pile of cash now..and government coffers are running low. So..one of two things have to happen. The tax base goes up..or taxes on the wealthy.

Which do you think the 1% want to happen? This is window dressing.

Just curious, Sallow...why can't we cut government's spending? You don't seem to even accept that as an alternative. Is government spending EVER going to get brought under control?

Where have you been? Government spending IS getting cut. President Obama went to the Pentagon to explain it.

And conservatives are going nuts...about it.

 

[Jarhead]

That is some good news

It looks like our republicans are going to have to start posting threads about how Obama had nothing to do with it

Obama had plenty to do with it. He is the President.

And I am grateful that he finally agreed with the GOP and extended the Bush tax cuts for the job creators.....for within a year, we are seeing it kick into gear nicely.

The "job creators" moved 50K factories overseas AFTER the Bush tax cuts.

They got a huge pile of cash now..and government coffers are running low. So..one of two things have to happen. The tax base goes up..or taxes on the wealthy.

Which do you think the 1% want to happen? This is window dressing.

after two years of a borrowed 850 billion dollar stimulus, nothing positive ocurred.

After less than a year of an extension of the Bush tax cuts, we see promising results.

That is fact.

The rest of what you say is nothing but political rhetoric and not at all about the topic at hand.

 

[Oldstyle]

This from the same people that shipped guns to Mexico right?

This from the same people who say the USA is producing more oil than ever before right?

This from the same people who say the fence between the US and Mexico is "Practically Complete" right?

This from the same administration who said they wouldn't sign NDAA right?

This from the same administration who said they'd cut the deficit in half by the end of the first term right?

And knowing this, you still believe what they claim about the Unemployment Numbers huh?

Ok.

Gee...how IS that deficit cutting coming along?

 

[JimH52]

I can see the smoke filled GOP stategy sessions now. There will be wringing of hands and heads bowed as the GOP attemps to either stop the economic process dead in its tracks or come up with some way of taking credit for the jobs. I would think they will try to do a little of both.

 

[Sallow]

I hate to point out the inconvenient, Chris...but if the stimulus "worked" then why did Germany's economy come back so much faster than ours with so much smaller amounts of money being pumped into their system? We spent a trillion dollars on "stimulus" that really didn't stimulate the economy at all long term. I suggest that our recovery would have followed essentially the same trajectory without spending that trillion dollars. I suggest that TARP is what was most responsible for halting the economic carnage and that the Obama Stimulus did very little other than protect certain groups favored by this Administration.

Economies rebound from recessions. The rate of that rebound is dependent on policy. In my opinon the policies of this Administration have hampered...not helped that rebound.

-It's a smaller country.
-They weren't as heavily involved in the toxic assets as everyone else.
-They have a very small military.
-They aren't heavily involved in nation building.

By the way..they also have socialized medicine and very generous UE benefits.

Germany is the largest economy in Europe.

And they have the uneviable task of having to subsidize all of the PIGS.

Yes..they come after the US, China, Japan and India.

It's also funny you call NATO allies.."pigs".

 

[Sallow]

I can see the smoke filled GOP stategy sessions now. There will be wringing of hands and heads bowed as the GOP attemps to either stop the economic process dead in its tracks or come up with some way of taking credit for the jobs. I would think they will try to do a little of both.

They can take credit for the 200K jobs the government shed. As well as the loss of firefighters, police, teachers, santitation workers..and other essential civil servants.

Should be good for 2012.

 

[Oldstyle]

The "job creators" moved 50K factories overseas AFTER the Bush tax cuts.

They got a huge pile of cash now..and government coffers are running low. So..one of two things have to happen. The tax base goes up..or taxes on the wealthy.

Which do you think the 1% want to happen? This is window dressing.

Just curious, Sallow...why can't we cut government's spending? You don't seem to even accept that as an alternative. Is government spending EVER going to get brought under control?

Where have you been? Government spending IS getting cut. President Obama went to the Pentagon to explain it.

And conservatives are going nuts...about it.

Wait a second...you're actually going to give President Obama CREDIT for the spending cuts that MAY...I repeat MAY go through because he abdicated responsibility of making the hard choices to his "Super Committee" rather than do HIS job? First of all those cuts haven't happened. Secondly if they DO happen it's not due in any way to Barack Obama who runs from having to do the hard work of making budget cuts like no politician I've ever seen.

 

[Jarhead]

I can see the smoke filled GOP stategy sessions now. There will be wringing of hands and heads bowed as the GOP attemps to either stop the economic process dead in its tracks or come up with some way of taking credit for the jobs. I would think they will try to do a little of both.

why would the GOP attempt to stop the economic process? The GOP said for 2 years that the best way to let the economy recover is to take the fear out of the heads of the job creators and let them know the tax cuts to them will be extended.....certainly the job creators did not want to have to worry about a larger tax bill on the heels of several years of small gains or losses...

So finally, Obama listened......and the results proved they were right.

All is good. Obama looks good and the GOP was right

 

[Sallow]

Obama had plenty to do with it. He is the President.

And I am grateful that he finally agreed with the GOP and extended the Bush tax cuts for the job creators.....for within a year, we are seeing it kick into gear nicely.

The "job creators" moved 50K factories overseas AFTER the Bush tax cuts.

They got a huge pile of cash now..and government coffers are running low. So..one of two things have to happen. The tax base goes up..or taxes on the wealthy.

Which do you think the 1% want to happen? This is window dressing.

after two years of a borrowed 850 billion dollar stimulus, nothing positive ocurred.

After less than a year of an extension of the Bush tax cuts, we see promising results.

That is fact.

The rest of what you say is nothing but political rhetoric and not at all about the topic at hand.

Alot "positive" occurred. From Rick Perry's use to plug up his state budget (just like Bobby Jindal) to the many construction projects we see going on in places like, well, NEW YORK.

 

[Sallow]

Just curious, Sallow...why can't we cut government's spending? You don't seem to even accept that as an alternative. Is government spending EVER going to get brought under control?

Where have you been? Government spending IS getting cut. President Obama went to the Pentagon to explain it.

And conservatives are going nuts...about it.

Wait a second...you're actually going to give President Obama CREDIT for the spending cuts that MAY...I repeat MAY go through because he abdicated responsibility of making the hard choices to his "Super Committee" rather than do HIS job? First of all those cuts haven't happened. Secondly if they DO happen it's not due in any way to Barack Obama who runs from having to do the hard work of making budget cuts like no politician I've ever seen.

He didn't "abdicate" shit. He tried to work with people that hated his guts. So they sent up something that he knew would go through.

They WILL got through by the way. And the Bush tax cuts WILL expire. And we WILL be on the road to deficit reduction. Like we were when Bush first entered office.

 

[Oldstyle]

-It's a smaller country.
-They weren't as heavily involved in the toxic assets as everyone else.
-They have a very small military.
-They aren't heavily involved in nation building.

By the way..they also have socialized medicine and very generous UE benefits.

Germany is the largest economy in Europe.

And they have the uneviable task of having to subsidize all of the PIGS.

Yes..they come after the US, China, Japan and India.

It's also funny you call NATO allies.."pigs".

Nothing "funny" about it at all...it's an acronym...PIGS stands for Portugal, Italy, Ireland, Greece and Spain...countries with entitlement heavy societies that can't support themselves.

 

[Mad Scientist]

I can see the smoke filled GOP stategy sessions now. There will be wringing of hands and heads bowed as the GOP attemps to either stop the economic process dead in its tracks or come up with some way of taking credit for the jobs. I would think they will try to do a little of both.

I personally stopped your Stock Market rally yesterday. Don't believe me? Go check out your own thread and what time I posted then look at what happened yesterday.

Oh and could you answer me this? If the Unemployment numbers are looking better, why is the Market down today?
MarketWatch - Stock Market Quotes, Business News, Financial News

You know, you Liberals used to trash the Market at every opportunity. Nowadays, it's all you talk about. Just remember this, even Al Capone told everyone to stay out of the Market because he knew it was rigged.

Think about that.

 

[Mad Scientist]

Germany is the largest economy in Europe.

And they have the uneviable task of having to subsidize all of the PIGS.

Yes..they come after the US, China, Japan and India.

It's also funny you call NATO allies.."pigs".

Nothing "funny" about it at all...it's an acronym...PIGS stands for Portugal, Italy, Ireland, Greece and Spain...countries with entitlement heavy societies that can't support themselves.

Liberals don't understand Markets or Economics and it's glaringly obvious every time they post.

 

[DSGE]

The employment-to-population ratio didn't change from last month and labour force growth has been stagnant. I'm not exactly gonna jump for joy at 8.5% unemployment when the labour force is 3.5% smaller than it should be.

 

[Oldstyle]

Where have you been? Government spending IS getting cut. President Obama went to the Pentagon to explain it.

And conservatives are going nuts...about it.

Wait a second...you're actually going to give President Obama CREDIT for the spending cuts that MAY...I repeat MAY go through because he abdicated responsibility of making the hard choices to his "Super Committee" rather than do HIS job? First of all those cuts haven't happened. Secondly if they DO happen it's not due in any way to Barack Obama who runs from having to do the hard work of making budget cuts like no politician I've ever seen.

He didn't "abdicate" shit. He tried to work with people that hated his guts. So they sent up something that he knew would go through.

They WILL got through by the way. And the Bush tax cuts WILL expire. And we WILL be on the road to deficit reduction. Like we were when Bush first entered office.

That's all he's DONE is abdicate! The guy hasn't given a real budget to Congress in years now because he doesn't want to take the political hit for the costs of his policies. Why does he need a "Super Committee" to come up with the cuts needed to pay for HIS programs? Oh, he'll say that they are "paid for" but that's a flat out lie. Nothing is paid for until cuts are made or revenues raised. Obama hasn't done either.

 

[Sundial]

That is some good news

It looks like our republicans are going to have to start posting threads about how Obama had nothing to do with it

The progression is this:

1. The economy sucks, and it's ALL OBAMA'S FAULT.

2. The economy sucks, and if you say it's getting better, YOU'RE LYING.

3. The economy is getting better, but it HAS NOTHING TO DO WITH OBAMA.

We're halfway between #2 and #3 now.

 

[Jarhead]

The "job creators" moved 50K factories overseas AFTER the Bush tax cuts.

They got a huge pile of cash now..and government coffers are running low. So..one of two things have to happen. The tax base goes up..or taxes on the wealthy.

Which do you think the 1% want to happen? This is window dressing.

after two years of a borrowed 850 billion dollar stimulus, nothing positive ocurred.

After less than a year of an extension of the Bush tax cuts, we see promising results.

That is fact.

The rest of what you say is nothing but political rhetoric and not at all about the topic at hand.

Alot "positive" occurred. From Rick Perry's use to plug up his state budget (just like Bobby Jindal) to the many construction projects we see going on in places like, well, NEW YORK.

the positive you referred to amounted to 1.8 million less jobs. I look at the entire picture.

 

[Sallow]

Yes..they come after the US, China, Japan and India.

It's also funny you call NATO allies.."pigs".

Nothing "funny" about it at all...it's an acronym...PIGS stands for Portugal, Italy, Ireland, Greece and Spain...countries with entitlement heavy societies that can't support themselves.

Liberals don't understand Markets or Economics and it's glaringly obvious every time they post.

Really now? Spain isn't in any real trouble. And if Ireland had stuck to their guns and not bailed out financials..they wouldn't be either.

But the "acronym" is pretty insulting. Unless you like being called a pig.

As for not "understanding" markets..just what do you think I did with the last 13 years of my life.

Oh yeah..I worked for the New York Stock Exchange. Heck..I rang the fucking bell.

 

[FSMovers121]

It is really good news for all of us.