Jobs report

#401
#401
red butler said:
You can't blame Bush entirely for the economic crisis. Yes the financial sector almost collapsed on his watch (and probably should have), but the "financialization" of the economy happened well before his time. I believe bank deregulation occurred under Clinton; the free trade treaties that sent the manufacturing sector overseas were signed under Clinton; and the absurdly low interest rates that created the bubbles have been policy since the 80s.

Bush failed to anticipate the crisis and didn't stop it, but the risks are far greater now due to Obama's policies. Now, the TBTF banks are even larger, the bubble is much bigger, and federal policies are not friendly to job producers. Also, contrast the government response to financial crisis with other similar instances. In the aftermath of the S&L scandal, there was over 1,000 felony convictions; Bush even prosecuted his good friends over Enron as well as Bernie Madoff; I don't think anyone has even had a threat of going jail under Obama and Holder.
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Bush tried to get Fannie Mae and Freddie Mac under control, but failed to do so because of Congress in general and Barney Frank in particular.
 
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#403
#403
For those claiming this is just a blip in what has been a steady positive trend you may want to read this.

The anemic August jobs report: Where are the jobs? Where is the wage growth? | AEIdeas

And consider: There are just 1.2 million more private jobs today than January 2008 despite 15.6 million more non-jailed, non-military adults. While the unemployment rate has dropped by 1.1 percentage points over the past year, the employment rate is up just 0.2 points.
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And this chart

090514jobs-.jpg
 
#404
#404
The Federal Reserve is making a major shift in interest rate policy

The Federal Reserve may go from moving the goal posts to removing them altogether when it comes to setting interest rate expectations.

Those goal posts have come in the form of economic numbers—more specifically, 6 percent unemployment and 2 percent inflation—that, if hit, would trigger interest rate increases.

But many central bank watchers agree that the use of those targets—part of "forward guidance," in Fed parlance—is reaching an end. Chair Janet Yellen tipped her hand after the last Fed Open Market Committee meeting, and market participants believe the use of the unemployment and inflation targets is about to go away for good.

Instead, the Fed is likely now to rely increasingly on the more-nebulous "data dependent" terminology for when it will lift its target funds rate off the floor, and won't wed itself to the specific targets first delineated in 2012.

...

The balance of the FOMC joins them, though, in a generally dovish approach to interest rates that will only be exacerbated in 2015 when Dallas Fed President Richard Fisher and Plosser leave the Fed. Both are reliably hawkish, but their exits give President Barack Obama an opportunity to appoint yet another Fed official in favor of keeping rates lower for longer.
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Read as: the jobs numbers and inflation numbers are crap. The economy still sucks. Also, if we ever do decide to do something, only those who subscribe to the early edition of the fed minutes (LINK) will know about it.
 
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#405
#405
#407
#407
MG1968 said:
Well, the democrats told us during the Bush administration that a booming stock market doesn't mean Joe Sixpack is doing well.
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And like most other things during the Bush Administration, the stock market came tumbling down. Joe Sixpack lost a lot of money.
 
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#408
#408
Gramps said:
And like most other things during the Bush Administration, the stock market came tumbling down. Joe Sixpack lost a lot of money.
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And now, 6 years later, he's one of the 100+ million not working or underemployed and drawing some form of social welfare.

Yay Obama.
 
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#409
#409
MG1968 said:
And now, 6 years later, he's one of the 100+ million not working or underemployed and drawing some form of social welfare.

Yay Obama.
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How many of that 100+ million are sucking around a million dollars per year from the government tit like ole W is ?
 
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#410
#410
Gramps said:
How many of that 100+ million are sucking around a million dollars per year from the government tit like ole W is ?
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well there is Clinton, Senior, and Carter, plus congress gets a pretty good severance package too.
 
#411
#411
Jobs Friday again. Up 248K. The headline the dems will run with is the official unemployment number is now to 5.9%. Just in time for the elections as this is the last report before November 4th. August report of 142K revised up to 180K. No mention in the MSM of labor participation which is 62.7% dropping from 62.8%, the lowest since Feb 1978.
 
#413
#413
Ernest T. Vol said:
Jobs Friday again. Up 248K. The headline the dems will run with is the official unemployment number is now to 5.9%. Just in time for the elections as this is the last report before November 4th. August report of 142K revised up to 180K. No mention in the MSM of labor participation which is 62.7% dropping from 62.8%, the lowest since Feb 1978.
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Cnn says participation leveled off. Most months of the year have been 200k jobs.

It's good news.

I know you hate that.
 
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#414
#414
LouderVol said:
well there is Clinton, Senior, and Carter, plus congress gets a pretty good severance package too.
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They are all sucking unnecessary dollars from the government.

Screen_Shot_2014-04-18_at_10.38.09_AM.png




Screen_Shot_2014-04-18_at_10.45.14_AM.png



We pay 1.19 million for their office space...

$186,000 for telephone services

That is simply government welfare.
 
#415
#415
lawgator1 said:
Cnn says participation leveled off. Most months of the year have been 200k jobs.

It's good news.

I know you hate that.
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Im not surprised CNN would say "leveling off". Doesn't fit the template of a little sunshine blowin in time for the election. The labor participation rate did in fact go down. The people not in the labor force increased 315K and is around 93 million. We don't need no stinkin jobs. Its all free vagina and beer. Whoopee.
 
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#416
#416
Ernest T. Vol said:
Im not surprised CNN would say "leveling off". Doesn't fit the template of a little sunshine blowin in time for the election. The labor participation rate did in fact go down. The people not in the labor force increased 315K and is around 93 million. We don't need no stinkin jobs. Its all free vagina and beer. Whoopee.
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Wow, 93 million working age Americans aren't working. Isn't the entire US population around 300 million?
 
#418
#418
One thing I didn't think about is the new growth industry of ebola. The people not working vs those hired to bury the dead could cross each other. Everyone that is left could be employed 100%. Bring out ye dead! Seal this country now, idiots.
 
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#419
#419
Gramps said:
They are all sucking unnecessary dollars from the government.

Screen_Shot_2014-04-18_at_10.38.09_AM.png




Screen_Shot_2014-04-18_at_10.45.14_AM.png



We pay 1.19 million for their office space...

$186,000 for telephone services

That is simply government welfare.
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It's not welfare if they are white gramps.
 
#421
#421
Gramps said:
They are all sucking unnecessary dollars from the government.

Screen_Shot_2014-04-18_at_10.38.09_AM.png




Screen_Shot_2014-04-18_at_10.45.14_AM.png



We pay 1.19 million for their office space...

$186,000 for telephone services

That is simply government welfare.
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Off topic, but I was watching the History Channel the other night and learned that the President is billed for all of his/her (#Hillary2016) food & meals. I thought that was interesting. Would never have guessed it.
 
#422
#422
W.TN.Orange Blood said:
How can they enjoy having their new iPhone 6 & big screen TVs w/cable & hooked up to their xbox 1 without jobs & money?
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I am thinking about upgrading my Magnavox Odyssey to an xbox. The Odyssey is like me, starting to run a little slow. :crazy:
 
#424
#424
lawgator1 said:
Cnn says participation leveled off. Most months of the year have been 200k jobs.

It's good news.

I know you hate that.
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Could you please explain how more people leaving the workforce due to the unavailability of jobs is a good thing? The only reason the unemployment rate dropped is due to the fact that more people aren't working. If no one had a job, the unemployment rate would be 0%. That's how the government calculates unemployment, and it's highly deceptive.
 
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#425
#425
Gramps said:
I am thinking about upgrading my Magnavox Odyssey to an xbox. The Odyssey is like me, starting to run a little slow. :crazy:
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You'd think it would be about time? :blink: Haven't heard about a Magnavox Odyssey since the death of the dinosaurs.
 
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