Job Growth: Better then expected in October.

[iggy pop]

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.

OK now I know it's a joke.


BTW, the Sooners Rule

 

[8537]

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.

Well then it's a good thing we're above that!

 

[8537]

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.

Mr Newton,

The BLS has learned how to seasonally-adjust job creation figures using a very simple econometric tool. Please make a note of it.

Mr Einstein.

 

[8537]

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.

how did two firms that couldn't buy the most toxic subprimes, two firms that saw a steep decline in their subprime holding between 2001 and 2006 as they got chased out of the market for only holding conforming loans, cause the financial mess?

 

[iggy pop]

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.

Mr Newton,

The BLS has learned how to seasonally-adjust job creation figures using a very simple econometric tool. Please make a note of it.

Mr Einstein.

Then why are unemployment figures up?

 

[8537]

LMAO, This is a joke right?

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

OK now I know it's a joke.

I quoted figures from the BLS. If you care to rebut those figures, please do. Or just keep popping in with irrelevant diversions.

 

[8537]

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

Mr Newton,

The BLS has learned how to seasonally-adjust job creation figures using a very simple econometric tool. Please make a note of it.

Mr Einstein.

Then why are unemployment figures up?

Because the unemployment rate is a completely different calculation, a poll, from a different survey, created in a completely different manner.

 

[rdean]

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.

I can post links proving that the GOP has helped move millions of jobs to China. The joint seminars between The Chamber of Commerce and China teaching US business how to outsource to China. The closing of the United States only rare earths mind in 2002. The subsidies and tax breaks starting in 2001 that supported the movement of jobs to China.

In fact, I posted these links many times.

You on the other hand, make an accusation without a shred of proof. And fail to mention Republican obstructionism.

When you guys do this, in spite of all evidence, what other conclusion can there be besides racism? Seriously? What else can you conclude?

You ignore facts and make outlandish accusations. Besides racism, what else could it be?

 

[topspin]

eliminating $80,000 yr union jobs for snapping on parts is good for business and bad for union loving liberal arts majoring turbo-libs.

 

[8537]

eliminating $80,000 yr union jobs for snapping on parts is good for business and bad for union loving liberal arts majoring turbo-libs.

If only we could make the middle class poorer, we'd all be so much richer! I love this republicist line of thinking.

 

[uscitizen]

I have known Toppy for years on a few boards. When the fall began he was in denial for months that it was even going down.

"the parking lots at the mall are still full"

 

[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.

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

Naw..denying that President Bush was one of the worst Presidents in history..at least in relation to the economy..is like trying to put out a fire with gasoline.

A very bad idea.

 

[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.

how did two firms that couldn't buy the most toxic subprimes, two firms that saw a steep decline in their subprime holding between 2001 and 2006 as they got chased out of the market for only holding conforming loans, cause the financial mess?

By enabling slack lending standards overall.

Of course, the new federal standards couldn’t just apply to minorities. If they could pay back loans under these terms, then so could the majority of loan applicants. Quickly, in other words, these became the new standards in the industry. In 1999, the New York Times reported that Fannie Mae and Freddie Mac were easing credit requirements for mortgages it purchased from lenders, and as the housing market boomed, banks embraced these new standards with a vengeance. Between 2004 and 2007, Fannie Mae and Freddie Mac became the biggest purchasers of subprime mortgages from all kinds of applicants, white and minority, and most of these loans were based on the lending standards promoted by the government.


RealClearMarkets - Articles - The Long Road to Slack Lending Standards

 

[topspin]

And I you!!! The real estate collapse was not nation wide. States like Texas and La barely saw any fall because prices never got inflated. Parking lots were and still are full in La, thanks in part to the rest of you ponnying up over a billion to us Post Katrina. thanks for that

 

[Sallow]

eliminating $80,000 yr union jobs for snapping on parts is good for business and bad for union loving liberal arts majoring turbo-libs.

Yeah but having a CEO gallup from corporation to corporation doing work force reductions and pulling some 30 - 100 million in income is such a better idea.

Yay team!

 

[uscitizen]

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.

Naw..denying that President Bush was one of the worst Presidents in history..at least in relation to the economy..is like trying to put out a fire with gasoline.

A very bad idea.

and that is different from Obama in what way?

And I do agree about bush being one of the worst presidents.

 

[Avatar4321]

Why should any party take credit for what the private sector does?

If there is any reason for the growth, it's because the two parties are too busy fighting amongst themselves to make the nation worse.

 

[topspin]

I'm with you on that one, the flaw is that it's in no way one or the other. And thus the fall of Barack Carter.

 

[8537]

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.

how did two firms that couldn't buy the most toxic subprimes, two firms that saw a steep decline in their subprime holding between 2001 and 2006 as they got chased out of the market for only holding conforming loans, cause the financial mess?

By enabling slack lending standards overall.

Of course, the new federal standards couldn’t just apply to minorities. If they could pay back loans under these terms, then so could the majority of loan applicants. Quickly, in other words, these became the new standards in the industry. In 1999, the New York Times reported that Fannie Mae and Freddie Mac were easing credit requirements for mortgages it purchased from lenders, and as the housing market boomed, banks embraced these new standards with a vengeance. Between 2004 and 2007, Fannie Mae and Freddie Mac became the biggest purchasers of subprime mortgages from all kinds of applicants, white and minority, and most of these loans were based on the lending standards promoted by the government.


RealClearMarkets - Articles - The Long Road to Slack Lending Standards

FM and FM had more strict standards (conforming rules) than the private sector - that's why they lost half their market share between 2001 and 2006.

The slackest of lending standards were in the private sector.
Have a nice day.

 

[boedicca]

how did two firms that couldn't buy the most toxic subprimes, two firms that saw a steep decline in their subprime holding between 2001 and 2006 as they got chased out of the market for only holding conforming loans, cause the financial mess?

By enabling slack lending standards overall.

Of course, the new federal standards couldn’t just apply to minorities. If they could pay back loans under these terms, then so could the majority of loan applicants. Quickly, in other words, these became the new standards in the industry. In 1999, the New York Times reported that Fannie Mae and Freddie Mac were easing credit requirements for mortgages it purchased from lenders, and as the housing market boomed, banks embraced these new standards with a vengeance. Between 2004 and 2007, Fannie Mae and Freddie Mac became the biggest purchasers of subprime mortgages from all kinds of applicants, white and minority, and most of these loans were based on the lending standards promoted by the government.


RealClearMarkets - Articles - The Long Road to Slack Lending Standards

FM and FM had more strict standards (conforming rules) than the private sector - that's why they lost half their market share between 2001 and 2006.

The slackest of lending standards were in the private sector.
Have a nice day.

Can't read much can you?

The Boston Fed mandated the loosening of standards and the Fed threatened banks with charter revocation if they didn't go along with it.

I'd wish you a nice day, but I doubt you really grok what that would be.