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[Politics] Topic: Thanks Barry! 368,000 drop out of labor force in August |
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14daroad |
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#1 Posted: 9/7/2012 10:43:52 AM Pretend all you want he gave some magical acceptance speech, the latest jobs report is awful for him.
Employment growth remained weak in August, with just 96,000 new positions created but the unemployment rate dropped to 8.1 percent, according to a report that raises the possibility of more Federal Reserve easing.
With today's report, we've had 42 straight months with an unemployment rate about 8%. No modern President has won reelection with an unemployment rate above 8%.
Labor participation at 31 year lows.
The manufacturing industry lost 15,000 jobs.
Unemployment rate for teenagers is at 24.6%
Of course they're screaming about abortion & birth control.
This President is pathetic.
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wallstreetcappers |
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#2 Posted: 9/7/2012 11:34:35 AM
You guys claim that the government does not create jobs yet you bash Obama specifically for the UE issues.
So which is it, government responsible for job growth or no?
Sounds like yet another partisan thread to throw onto the pile from you.
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#3 Posted: 9/7/2012 11:43:56 AM
do you feel it is false?
For what it's worth, i don't believe that Obama has done anything in particular, or more importantly because everything is relative, that McCain would have or Romney will, be able to do much of anything to reverse course.
I don't even think it is necessarily a bad thing, persay. Change is good, and we are shedding mundane jobs via technological advances and increases in productivity. What is bad is government policy that props up prices of necessities (food/shelter/energy) and you'd have to be a liar to say that Obama isn't making it harder on the poor by propping up prices. It is his stated mission, to serve his Goldman Sachs masters
Obama said he wanted to put a floor under house prices, and he seems to have been able to accomplish that, at least in real terms, however in nominal terms they seem to be still in slow decline. The costs of doing this are absolutely crushing the poor, working class types.
Obama seems to be the default leader of the Luddites, and why not, i mean, he's not nearly the multi millionaire that Robney isj. He keeps dishonestly telling them what they want to hear, that he will bring back those jobs (the same jobs Clinton himself just said aren't coming back because technological advancements have rendered them useless)
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esplanade |
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#4 Posted: 9/7/2012 11:44:05 AM
Classic.
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14daroad |
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#5 Posted: 9/7/2012 12:14:16 PM |
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14daroad |
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#6 Posted: 9/7/2012 12:15:27 PM You guys claim that the government does not create jobs yet you bash Obama specifically for the UE issues.
So which is it, government responsible for job growth or no?
Just because the government doesn't create jobs doesn't mean it can not hinder econmic growth.
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LVTruck |
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#7 Posted: 9/7/2012 12:27:27 PM
You seem to have a vast knowledge, I am just wondering if you could help me understand the policies that Barry put in place that has hindered job growth |
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14daroad |
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#8 Posted: 9/7/2012 12:53:16 PM If labor force participation rate holds, we would need to see 257K jobs per month for unemployment rate to drop below 8%
Ain't gonna happen. |
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14daroad |
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#9 Posted: 9/7/2012 12:57:49 PM LVTruck,
ObamaCare
EPA Regulations
More regulations generally (Last year, the Obama administration issued 32 major regulations, with an estimated annual cost of $10 billion)
Dodd/Frank
LillyLeadbetter Pay Act
GM bailout
Also note that the President has delayed the Keystone XL Pipeline permit and put a moratorum on deep water offshore drilling. |
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LVTruck |
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#10 Posted: 9/7/2012 1:34:40 PM
Crisis in the finical system ........... ( like the run on the Banks
in the depression)
Collapse of the Housing bubble.....
Low consumer spending.... I lot of personal wealth was lost in the
recession, Housing, 401'k , credit lines dried up, It was hard as hell
to get money moving( Credit Freeze)
From what I read Fast recoveries are almost always led by a housing swing — and given the excess home construction that took place during the bubble, that just wasn’t going to happen....
I just can't envision McCain/Palin would have made a difference...
I guess Romney/Ryan, might have some great Ideas , I guess the R's just having a hard time getting their point across.. |
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14daroad |
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#11 Posted: 9/7/2012 1:36:20 PM If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.2%
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14daroad |
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#12 Posted: 9/7/2012 1:39:12 PM Lvtruck,
It is hard to imagine a McCain Presidency being much more successful in this area.
I think you could argue he may have been a bit more successful as he wouldn't have done ObamaCare for example.
But McCain would have went whole hog with financial regulations, and the auto bailouts.
Probably housing too. The Administration needs to let the inventory reset through normal forclosures. You can't delay the pain inevitably.
It just feels like to me Obama has kicked many cans down the road and rather than a real recovery, he's content to limp along with this staganant economy while shouting "Hey, it used to be worse"! |
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LVTruck |
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#13 Posted: 9/7/2012 1:47:56 PM 
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ClubDirt |
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#14 Posted: 9/7/2012 2:21:21 PM
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#15 Posted: 9/7/2012 2:47:52 PM Its amazing how the right wing groupies never associate job loss with all the jobs that are being slowly shipped overseas each month by the corporations, but instead blame it on a President who has no control as to what the corporations are doing I really get a good laugh out of these guys.
And then to top it off, they want to vote in a guy who will help the corporations move even more jobes overseas
They might finally wake up someday, when their family or friends can only find jobs working at 7 eleven.
Old saying ' a fool and his money is soon parted" Thats whats gonna happen to the middle class when romney gives his wealthy buddies a nice fat tax cut.
I honestly how in this day and age, some of you right wing groupies still fall hook,line and sinker for the trickle down economics, which has never worked in the country and never will work.
The fatcats are masters at creating all these phony ideas, that you right wingers lap up like lap dogs, which never work for the little guy and only make the rich get richer. |
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CanadaCup |
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#16 Posted: 9/7/2012 3:42:39 PM QUOTE Originally Posted by 14daroad:
Pretend all you want he gave some magical acceptance speech, the latest jobs report is awful for him.
Employment growth remained weak in August, with just 96,000 new positions created but the unemployment rate dropped to 8.1 percent, according to a report that raises the possibility of more Federal Reserve easing.
With today's report, we've had 42 straight months with an unemployment rate about 8%. No modern President has won reelection with an unemployment rate above 8%.
Labor participation at 31 year lows.
The manufacturing industry lost 15,000 jobs.
Unemployment rate for teenagers is at 24.6%
Of course they're screaming about abortion & birth control.
This President is pathetic.
Far-left tirade from a President who simply cannot build bipartisan support. he will get nothing accomplished if re-elected, that is the only certainty here. |
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#17 Posted: 9/7/2012 3:46:33 PM |
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#18 Posted: 9/7/2012 6:30:43 PM
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esplanade |
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#19 Posted: 9/7/2012 7:06:02 PM
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14daroad |
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#20 Posted: 9/7/2012 7:12:09 PM
Yes, because like when rich people get a tax cut the money comes from the middle class!!!
Or something. |
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14daroad |
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#21 Posted: 9/7/2012 7:13:19 PM
Thank you for posting that. It confirms what I said the other day.
The Obama cheerleaders saw Clinton and presume Obama will win.
Too funny. |
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#22 Posted: 9/7/2012 11:48:34 PM
that's 3 millions jobs per year
250,000 jobs per month
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esplanade |
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#23 Posted: 9/8/2012 1:17:49 AM
What is u/e in the Dakotas?
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#24 Posted: 9/8/2012 1:36:17 AM QUOTE Originally Posted by ilsp2003: Romney said he will create 12 millions jobs over 4 years that's 3 millions jobs per year 250,000 jobs per month
their both liars...
really got make you wonder about people that insist that their side is so much better and the other side is so much worse...
I wonder if they are trying to convince other people that the rhetoric they were fed is true... or if they are trying to find ways of convincing themselves that that they are fed is true...
 cart before horse
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#25 Posted: 9/8/2012 3:16:22 AM QUOTE Originally Posted by 14daroad:
LVTruck,
ObamaCare
EPA Regulations
More regulations generally (Last year, the Obama administration issued 32 major regulations, with an estimated annual cost of $10 billion)
Dodd/Frank
LillyLeadbetter Pay Act
GM bailout
Also note that the President has delayed the Keystone XL Pipeline permit and put a moratorum on deep water offshore drilling.
1. "Obamacare"(aka the PPACA), aka "Romneycare"(if Republicans would admit that such an initiative was ever legislated into existence) was essentially the same program. Wait a minute. Romney had basically similar ideas that he implemented in Mass that would have curtailed job growth if he implemented them nationally? Alas, Romney never talks about Romneycare or his time as Governor of Massachusetts. I wonder why? Mass. ranked 47th out of 50 in job creation from 2003-2007, is that perhaps a factor?
2. EPA regulations. Set up to impede 70% of all of the major coal operations in the U.S. My gosh, that damn environment! Wait, hold on. Something's not right. Since that article in Forbes was published in April, 2012, the three companies which supply 70% of coal in the U.S have not crashed in value, despite that pesky EPA. CSX has stayed steady and actually not lost any significant value?(from 22.15 to 22.06) Huh? How is this possible? That stock price must have dropped. Let me look again. No, it's correct. Norfolk Southern Corporation is up from 66.28 to 72.02. What? That can't be correct. Union Pacific Corporation up from 107.75 to 122.25? I thought the regulations were stagnating and severely repressing successful and profitable coal businesses? The facts must be wrong!! WTF!
The Heritage Foundation thinks EPA regulations are harming business? Whoa? The most well known right-wing think tank is making a statement against government regulation? This is amazing. Obviously a think tank which endorsed "Star Wars"(SDI), The Gingrich "Contract for America", Ed Meese and Pat Robertson is non-partisan in its evaluations. Richard Scaife(a board member) and the Koch brothers(donors) are also known to be quite tolerant and accepting of other views which are environmentally friendly.
3. A diluted Dodd-Frank? Instituted to perhaps slow down the Wall Street casino of privatization of profits and socialization of losses? How can Wall Street continue to thrive and lend under such onerous legislation? Oh wait, they are still profitable and bonuses continue, just not at the levels they would prefer. If Romney is elected "Wall Street wants to loosen rules governing the swaps market, which generated $7 billion in revenue in the first quarter of 2012, according to government records. The banks would also get rid of restrictions on bank investment in private equity and hedge funds, pare back the power of the new federal consumer protection agency, and block the Volcker Rule, which bars banks from trading with money from their own accounts, a practice that can put customer deposits at risk. It’s no mystery why bankers long to rid themselves of these restrictions: The eight largest U.S. banks stand to lose between $22 billion and $34 billion in annual revenue as a result of Dodd-Frank, according to Standard & Poor's."
4. Lily-Ledbetter? Gee, since women comprise over 57% of college students and will be a major force for many years in our future workforce, why shouldn't they have equal pay? Our men are failing out of school and not going to college, so who is left to pick up the white-collar slack? Women. They definitely deserve better. Our system is supposed to be a color, race and gender blind meritocracy in Republican ideals, right? No affirmative action needed. Why should women be excluded from the fruits of their hard earned labor? They have proved themselves more than capable and deserving on an even field of financial treatment. Ayn Rand would be proud.
5. In reailty, the GM and GMAC bailout was started by Bush(to the tune of 21 billion). It's not honest to lay the entire blame on Obama for the result of that situation(which is still in flux). I doubt McCain would have stopped the bailouts, either. Also, this bailout did not "hinder" job growth. It saved thousands of jobs, so it's not true to portray the auto bailouts as job negative. Financially(in the case of GM) yes, it has poor return(currently) for the taxpayer as far as stock price, but the bailouts ultimately saved jobs and did not hinder job growth, as you claim. |
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