Unemployment Rises to 6.2%

[EconChick]

I do not feel an economy should rise and fall based on government spending. Let the free market formula work.

Good luck even getting them to know how to SPELL free market, 92. As soon as they start to type the word "free," they immediately start thinking of free stuff. Like the Socialists do.

 

[Bush92]

I'm not surprised you don't know substance when you see it. The big picture requires possessing a lot of brain cells folks like you don't have.

We have the big picture. You and your friends are swimming down in data you can't even understand the meaning of.

One thing I've noticed about you is that you use a lot of words to say nothing

But it's funny how I'm always spot on. You know what's funny about you? You're completely incapable of thinking conceptually.

Understand what I mean by that?

I didn't think so.

Econ is an attack dog...fun to observe the ass kicking.

 

[EconChick]

It means he has a bias. Everyone has a bias. Just that some know it and others don't. Those who think they don't are the biggest idiots of all.

Translation: you cannot argue facts or numbers so can only lean on saying everyone has a bias, asking their education, saying they need to see the big picture, etc.

I don't think I've seen one concrete argument come out of your mouth, and to me it indicates you are phony.

You don't get it. Everyone is biased but her and those who agree with her.

LOL. Where did I say I'm not biased? How many times have I said everyone is biased.

Gawd damn you libs have the worst reading comprehension I've ever seen on a political forum. We must get the bottom of the barrel here.

 

[EconChick]

Look at the chart again. June 2014 was indeed 247,814,000 but July 2014 was 248,023,000. An increase of 209,000

July 2013 was 245,756,000

Wow, you are an idiot.

Here is what I posted AGAIN:

The civilian population increased by 209K, and jobs increased by 209K....a sign of an anemic economy which can barely create enough jobs to keep up with population growth.

Except population growth isn't keeping up with Boomer retirement!!!! And if we cut back on immigration, as the Right wants to do, it will only get worse!

What?????????? Where do we get you libs from? Kindergarden???? Good Lord.

 

[Bush92]

Look at the chart again. June 2014 was indeed 247,814,000 but July 2014 was 248,023,000. An increase of 209,000

July 2013 was 245,756,000

Wow, you are an idiot.

Here is what I posted AGAIN:

The civilian population increased by 209K, and jobs increased by 209K....a sign of an anemic economy which can barely create enough jobs to keep up with population growth.

Except population growth isn't keeping up with Boomer retirement!!!! And if we cut back on immigration, as the Right wants to do, it will only get worse!

How will stopping a millions of people crossing the border with no education or job skills, and who will only draw from welfare...hurt the economy? Dumb.

 

[AvgGuyIA]

are you really trying to spin this as bad news?

That's all they can do while the niggrah's in office. Then, when the Hillebeast takes over, it'll be more of the same.

"Women aren't smart enough to run a country keep them in the kitchen!"

Another liberal referring to african americans as *******.

It's okay. Colored people like being called ******* by liberals because they care.

 

[AvgGuyIA]

Did Bush ever see six straight months of 200,000+ jobs?

Obama has added more jobs in the last six months than Bush did in eight years

Why would you bring up Bush when the labor market under Bush was 10 times better than under Obama? You won't hear any democrat initiate a comparison.

Bush took that unemployment rate from 4.4% up to 8%

He was losing 700,000 jobs a month while conservatives whine about 209,000 added jobs this month

That is why we bring up Bush

all caused by the Democrats.

 

[EconChick]

Funny seeing pinqy own boedicca and econchic. All they know what to come back with is insults. That's how you know they don't know what they are talking about.

I'm not surprised you don't know substance when you see it. The big picture requires possessing a lot of brain cells folks like you don't have.

We have the big picture. You and your friends are swimming down in data you can't even understand the meaning of.

One thing I've noticed about you is that you use a lot of words to say nothing

Really Acey Doucey. Tell me what this well known formula indicates.

log(1+x) = x+((x^2)/2)+((x^3)/3)+.....((x^n)/n)+.....



How much you wanna bet your clueless buche can't tell me.

 

[edthecynic]

Wow, you are an idiot.

Here is what I posted AGAIN:

The civilian population increased by 209K, and jobs increased by 209K....a sign of an anemic economy which can barely create enough jobs to keep up with population growth.

Except population growth isn't keeping up with Boomer retirement!!!! And if we cut back on immigration, as the Right wants to do, it will only get worse!

How will stopping a millions of people crossing the border with no education or job skills, and who will only draw from welfare...hurt the economy? Dumb.

So illegal immigration, which I never mentioned, is the ONLY kind of immigration.

 

[Dad2three]

Why would you bring up Bush when the labor market under Bush was 10 times better than under Obama? You won't hear any democrat initiate a comparison.

Bush took that unemployment rate from 4.4% up to 8%

He was losing 700,000 jobs a month while conservatives whine about 209,000 added jobs this month

That is why we bring up Bush

all caused by the Democrats.

Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse


2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."



Bush’s regulators not only let banks do this, they attacked state regulators trying to do their jobs. Bush’s documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.




Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html

 

[Dad2three]

I'm not surprised you don't know substance when you see it. The big picture requires possessing a lot of brain cells folks like you don't have.

We have the big picture. You and your friends are swimming down in data you can't even understand the meaning of.

One thing I've noticed about you is that you use a lot of words to say nothing

Really Acey Doucey. Tell me what this well known formula indicates.

log(1+x) = x+((x^2)/2)+((x^3)/3)+.....((x^n)/n)+.....



How much you wanna bet your clueless buche can't tell me.

"One thing I've noticed about you is that you use a lot of words to say nothing"

 

[Dad2three]

Wow, you are an idiot.

Here is what I posted AGAIN:

The civilian population increased by 209K, and jobs increased by 209K....a sign of an anemic economy which can barely create enough jobs to keep up with population growth.

Except population growth isn't keeping up with Boomer retirement!!!! And if we cut back on immigration, as the Right wants to do, it will only get worse!

Boomer retirement is a minor factor. The bigger issue is high unemployment among prime working age men and young people (especially black and hispanic young men).

June marks 52 straight months of private sector job growth, the longest ever on record, beating out Bill Clinton's record of 51 continuous months of private sector job growth from February 1996 to April 2000. The economy has added more than 200,000 jobs for five months in a row now,(NOW 6) the longest such streak since 1999. In the first half of this year alone the economy has added 1.4 million jobs, another accomplishment not seen since 1999.



Barack Obama bests Bill Clinton's private sector job creation record ? The People's View

 

[Dad2three]

Gee, Dow RECOVERED to only DOWN 70 points today.... That's also Bush's fault! ROTFLMFAO!

Hey V! It's been fun getting to see how small the lib brains are on the econ threads. I'm so entertained that it's hard to pull myself away and go see other threads.

I mean I've never seen so many lobotomized people in one group. They are truly a piece of work.

They couldn't think strategically if their lives depended on it, LOL.

Thank God they only represent about 20% of the country now.

Weird, I've read the last 2 pages and you DIDN'T bring up Keynesian??? WTF?

You tired or what?

 

[Dad2three]

Liberals would cry if there was zero unemployment...then all of them would have to have a job.

Red States Mostly Welfare States Dependent On Blue States But Likely Too Uninformed to Know

Red States Mostly Welfare States Dependent On Blue States But Likely Too Uninformed to Know


Among the 254 counties where food stamp recipients doubled between 2007 and 2011, Republican Mitt Romney won 213 of them in last year’s presidential election, according to U.S. Department of Agriculture data compiled by Bloomberg. Kentucky’s Owsley County, which backed Romney with 81 percent of its vote, has the largest proportion of food stamp recipients among those that he carried.


Food Stamp Cut Backed by Republicans With Voters on Rolls - Bloomberg





Blue States are from Scandinavia, Red States are from Guatemala A theory of a divided nation



In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.

Blue States are from Scandinavia, Red States are from Guatemala | New Republic

 

[Dad2three]

pinqy:

If you really were paid to explain them, then you don't need me to tell you how it works, bub.

The basic MATH is that the number of people who are un and under employed, and who have given up has increased. Job creation is barely keeping up with population growth. If you think over 100M people in such a sorry state is progress, then you are one sick freak.

Dubya lost 1.2+ million PRIVATE sector jobs in 8 years (not counting the 4+ million lot in 2009 thanks to his policies)

OBAMA HAS 10+ MILLION PRIVATE SECTOR JOBS UNDER HIM SINCE HITTING THE BUSH BOTTOM MARCH 2019

Bureau of Labor Statistics Data

 

[Dad2three]

It must suck to be such an illiterate.

I suggest you start working on a house fly collection - twould suit your cognitive scope.

and I suggest you and econodate get a room, and while you're at it take a course on the market ... or start proving a POTUS controls the market and quit just yammering he does this and that without any means of proving it ..

I challenge you to show where I or anyone uses the words, "POTUS controls the market."

I'm waiting.

Crickets.

You can't because those of us who come from the market approach would never say anything so stupid. But POTUS can screw up the environment in which free markets flourish.

" But POTUS can screw up the environment in which free markets flourish."


Siete:
1/19/2001 1/20/2009 Decline
S&P 500 $1,342.54 $805.22 -40%
Dow Jones Industrial $10,587.59 $7,949.09 -25%
NASDAQ $2770.38 $1440.86 -48%

S&P 500 AUG 1, 2014 1,925.15 ISN'T THAT OVER 100% INCREASE?

Dow Jones Industrial AUG 1, 2014 16,493.37 ISN'T THAT 60%+ INCREASE?

NASDAQ AUG 1, 2014 4,352.64 HOLLY CRAP, CAN YOU GIVE ME THE PERCENTAGE THERE? ISN'T THAT 300%+? LOL

11/30/2013


Corporate Profits Are At An All-Time Record Peak And Expected To Grow in 2014

OBAMA IS A LOUSY SOCIALIST!

 

[Dad2three]

well if you think adding 200k new jobs and an increase in averages wages is a bad thing i don't know what to tell you.

what color do you think the sky is?

Adding jobs, regardless of the number is always a good thing. Not adding enough jobs to cover the growth in the working population is not a good thing, and is strongly indictative of an economy that is still rocking along the bottom.

Six years after a recession, the economy should be robust and adding jobs at every level, but this one is not doing that. The key question is; why not?

The answer is easy. Keynesian economics is a flawed concept that only works in socialist fantasy. How many times does the world have to learn that lesson?

Erand, this is such a profound post, do you mind if I post it again?

Adding jobs, regardless of the number is always a good thing. Not adding enough jobs to cover the growth in the working population is not a good thing, and is strongly indictative of an economy that is still rocking along the bottom.

Six years after a recession, the economy should be robust and adding jobs at every level, but this one is not doing that. The key question is; why not?

The answer is easy. Keynesian economics is a flawed concept that only works in socialist fantasy. How many times does the world have to learn that lesson?

Weird, so the width and depth of the hole Dubya/GOP dug doesn't matter? OR the FACT that the GOP has done EVERYTHING possible to kick the leg out of a recovery


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit



"We crashed the economy but we don't like the way you tried to fix it." - GOP.

 

[SteadyMercury]

In case anyone missed from the other thread, EconChick got exposed pretty badly as a phony.

First you had her non-stop references to her creds instead of addressing any facts:

Someone with as much formal training as I have can see things wayyyy into the future.

g5000 decided to let her easily prove all this formal training:

EconChick, as an expert on stock markets and economics, you should recognize this immediately:

Can you tell us what it is?

and of course EconChick, with all her "formal training" couldn't take 5 seconds to prove herself, nah suddenly wants to type way more than the answer to avoid:

EconChick, as an expert on stock markets and economics, you should recognize this immediately:

Can you tell us what it is?

Yo, moron. I have no interest in games that 7 year olds play. Should we pull out the play dough while we're at it.

Sorry, me no play dumbass liberal games.

Of course other posters who aren't pretending to have formal economics training recognized it right away:

Black?Scholes model - Wikipedia, the free encyclopedia

Some of the funniest shit I've seen on these forums. EconChick = big phony, man that must be embarrassing.

 

[JakeStarkey]

since econchick has taken a whipping on the OP, let's move it to the badlands

 

[Wildman]

In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks.

This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000.

The number of Americans not in the labor force dropped slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

so.., to you liberfools, 6.2 is a really good number to be proud of ?

you fools provide the best humor at times. ...