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Getbig Main Boards => Politics and Political Issues Board => Topic started by: AD2100 on August 01, 2014, 04:08:32 PM
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I think we can all agree that this is great news for America. It is particularly impressive given the current Do-Nothing congress. :)
The Employment Situation in July
Posted by Jason Furman on August 1, 2014
Total job growth exceeded 200,000 for the sixth straight month in July, the first time that has happened since 1997. This encouraging trend in the labor market is consistent with other recent economic indicators, including the strong second-quarter GDP growth reported on Wednesday. To ensure this momentum can be sustained, the President is pressing Congress to act to create jobs and expand opportunity, while simultaneously using his own executive authority to encourage investment in the United States, boost the income of working families, and ensure safe and fair treatment of American workers.
The private sector has added 9.9 million jobs over 53 straight months of job growth, the longest streak on record. Today we learned that total nonfarm payroll employment rose by 209,000 in July, mainly reflecting a 198,000 increase in private employment. Private-sector job growth in May and June were revised up slightly, so that over the past twelve months, private employment has risen by a total of 2.5 million.
(http://www.whitehouse.gov/sites/default/files/image/jobsCharts/august/privateSectorPayroll_small.jpg)
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The U.S. economy created 209,000 jobs in June, below expectations, as the unemployment rate climbed to 6.2 percent, reflecting a consistent but unspectacular level of employment growth.
Economists expected nonfarm payroll growth to hit 233,000 in July, down from an upwardly revised 298,000 in June, and unemployment to fall to 6.0 percent from 6.1 percent. An alternative measure of unemployment which includes the discouraged and those working part-time for economic reasons—the underemployed—rose slightly to 12.2 percent.
Yup things are great.....hahahahaahahah ahahahhahahahahahahahaha haaha. You sir are a retard!
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history will only look at the UE rate. Nobody debates the credibility of the UE rate during reagan...
UE went from 7.4 to 5.3% under Reagan.
Obama has taken UE from 8.4 to 6.2%.
It fell 2.1% under reagan. It's fallen 2.2% under Obama. Both faced an initial spike which then dropped, so that card won't fly.
I think the clever lib debater would question how much INCREASE IN SPENDING each President had to drop, in order to see the UE rate fall. Reagan lowered interest rates (not an option for obama) and Reagan, well, let's just say he spent a bit ;)
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I think we can all agree that this is great news for America. It is particularly impressive given the current Do-Nothing congress. :)
The Employment Situation in July
Posted by Jason Furman on August 1, 2014
Total job growth exceeded 200,000 for the sixth straight month in July, the first time that has happened since 1997. This encouraging trend in the labor market is consistent with other recent economic indicators, including the strong second-quarter GDP growth reported on Wednesday. To ensure this momentum can be sustained, the President is pressing Congress to act to create jobs and expand opportunity, while simultaneously using his own executive authority to encourage investment in the United States, boost the income of working families, and ensure safe and fair treatment of American workers.
The private sector has added 9.9 million jobs over 53 straight months of job growth, the longest streak on record. Today we learned that total nonfarm payroll employment rose by 209,000 in July, mainly reflecting a 198,000 increase in private employment. Private-sector job growth in May and June were revised up slightly, so that over the past twelve months, private employment has risen by a total of 2.5 million.
(http://www.whitehouse.gov/sites/default/files/image/jobsCharts/august/privateSectorPayroll_small.jpg)
Jesus you're an idiot
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history will only look at the UE rate. Nobody debates the credibility of the UE rate during reagan...
UE went from 7.4 to 5.3% under Reagan.
Obama has taken UE from 8.4 to 6.2%.
It fell 2.1% under reagan. It's fallen 2.2% under Obama. Both faced an initial spike which then dropped, so that card won't fly.
I think the clever lib debater would question how much INCREASE IN SPENDING each President had to drop, in order to see the UE rate fall. Reagan lowered interest rates (not an option for obama) and Reagan, well, let's just say he spent a bit ;)
LMFAO how does it feel to know your wife goes out and works to support you while you sit at home and spout bull shit like this?
hahahah I give you another 2 years before she leaves your ass
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Jesus you're an idiot
You want to elaborate on that or is it just another 'you just don't get it do you'
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(http://1.bp.blogspot.com/-o_ACxjdjZKA/T1CxVwuHGxI/AAAAAAAAH74/MrFNV8nM1HE/s280/20120121%2Bblackface.jpg)
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Coach, dazzle the group and tear that chart to pieces with your cold logic.
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Coach, dazzle the group and tear that chart to pieces with your cold logic.
You just don't get it do you?
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You want to elaborate on that or is it just another 'you just don't get it do you'
Because Benny the knee padding Obama leftist makes this headline and story seem like some monumental feat. Here ya go. BTW, I lost a SHIT LOAD this week due to the market taking a shit. But lets put Benny's orgasm into prospective....
Employers added 209,000 jobs in July, the Labor Department said Friday, below expectations for 235,000 as economic data continued to show growth but plenty of slack.
The jobless rate ticked up to 6.2% as more people entered the workforce. The labor force participation rate edged up to 62.9%, but that was just above June's decades-low 62.8%. Unemployment would be 10.6% if the participation rate were steady from December 2007, when the recession began.
Average hourly earnings were essentially flat.
View Enlarged Image
"It was an overall tepid report," said David Rosenberg, chief economist at Gluskin Sheff. "Don't be fooled by the headline of over 200,000 because the internals were actually fairly lackluster. I'd give this a big fat C-minus."
On the upside, the Institute for Supply Management said its U.S. manufacturing index rose 1.8 points to 57.1, the best level in more than three years. Gauges for new orders and employment were among the bright spots.
Manufacturing jobs rose by 28,000 in July, Labor said, the fourth straight month of modest acceleration. Service payrolls climbed by 151,000, the smallest gain since January.
Stocks largely retreated Friday, extending Thursday's big losses, amid the latest economic data and continued woes around the world, from Argentina to Gaza to Ukraine.
July did mark the sixth straight month of nonfarm payroll gains topping 200,000, a feat the economy hasn't accomplished since 1997. As more jobs are created, it will pressure other measures of the labor market, such as the long-term unemployed and people working part-time who want full-time work.
David Berson, chief economist for Nationwide Insurance, called the data "OK." The new jobs represent consumers with new money to spend, he pointed out. With consumer spending powering two-thirds of the economy and the housing market struggling to gain traction, that's sorely needed.
General Motors (NYSE:GM), Ford Motor (NYSE:F), Chrysler and Toyota (NYSE:TM) reported solid year-over-year U.S. sales gains Friday, though some missed estimates.
Berson also thinks it's possible that the labor force participation rate has bottomed out. That would be a good thing, he said. It would also mean the jobless rate might go up for a few months.
Analysts also are waiting for better wage growth, not just more jobs. Earnings have barely grown above prices throughout most of the recovery. Average hourly earnings in July stuck to that trend, growing at about a 2% nominal rate — just keeping pace with inflation.
The Federal Reserve stressed Wednesday that it's in no rush to unwind easy monetary policy as long as there's slack remaining in the labor market.
Read More At Investor's Business Daily: http://news.investors.com/economy/080114-711452-209000-jobs-added-in-july-jobless-rate-62-percent.htm#ixzz39FW8b84d
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
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Repubs issue mandate obama won't be impeached.
The drop in confidence with banks and business was realized immediately.
DOW falls in a big way.
Can't help but wonder what other residual effects of "We don't have the balls to impeach" we shall see.
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Repubs issue mandate obama won't be impeached.
The drop in confidence with banks and business was realized immediately.
DOW falls in a big way.
Can't help but wonder what other residual effects of "We don't have the balls to impeach" we shall see.
LMFAO what sad is you actually believe this stupid shit....yes the market shook off some gains from near all time highs. It wasnt that this has been one of the strongest bull markets, it wasnt the Fed talking about possibly raising rates in early 2015 instead of late 2016.
in 240's little world it was the reps made a press release....
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LMFAO what sad is you actually believe this stupid shit....yes the market shook off some gains from near all time highs. It wasnt that this has been one of the strongest bull markets, it wasnt the Fed talking about possibly raising rates in early 2015 instead of late 2016.
in 240's little world it was the reps made a press release....
The stock market ROSE in the days leading up to Bill Clinton's impeachment.
The stock market DROPPED in the day following announcement Obama would not be impeached.
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The stock market ROSE in the days leading up to Bill Clinton's impeachment.
The stock market DROPPED in the day following announcement Obama would not be impeached.
hahah yes so a simple minded moron can only conclude that it was b/c the reps said they wouldnt impeach...
I see, youre right 240 make sure you sell all your assets and buy gold from jag thats the safest play
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hahah yes so a simple minded moron can only conclude that it was b/c the reps said they wouldnt impeach...
I see, youre right 240 make sure you sell all your assets and buy gold from jag thats the safest play
The congressional leadership announces the President will not be impeached for War Crimes.
The stock market shows the biggest drop in a year, within hours.
An outright huge story, immediately followed with a very historic drop.
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The congressional leadership announces the President will not be impeached for War Crimes.
The stock market shows the biggest drop in a year, within hours.
An outright huge story, immediately followed with a very historic drop.
He should be impeached just for being a fraud and an unqualified idiot.
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The congressional leadership announces the President will not be impeached for War Crimes.
The stock market shows the biggest drop in a year, within hours.
An outright huge story, immediately followed with a very historic drop.
Hahah like I said what's sad is that you with all your "education" actually believes this
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Have you sold your house to buy gold 240?
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Have you sold your house to buy gold 240?
Precious metals, that was the way to go, 6-7 years back.
today, not my cup of tea. and i prefer the bars to coins, the markup for pretty coins wasn't right for me.
and lol... why shit on my "education"? If i was walking around bringing it up, sure, but why bring that up out of the blue? I'm nearly 40, got my MBA a decade ago. shit man, we are grown ups now lol.
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Precious metals, that was the way to go, 6-7 years back.
today, not my cup of tea. and i prefer the bars to coins, the markup for pretty coins wasn't right for me.
and lol... why shit on my "education"? If i was walking around bringing it up, sure, but why bring that up out of the blue? I'm nearly 40, got my MBA a decade ago. shit man, we are grown ups now lol.
I see, I see so you are buying the bars jag is selling now then yea?
hahah I bring up your "education" b/c someone with that background should know what absolute bullshit you are posting. Whats sad is that even though you have that "education" you still believe the idiocy that you post.
Thats why moron
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I see, I see so you are buying the bars jag is selling now then yea?
hahah I bring up your "education" b/c someone with that background should know what absolute bullshit you are posting. Whats sad is that even though you have that "education" you still believe the idiocy that you post.
Thats why moron
as I said, I got into precious metals years ago. I avoid that market these days. I dont know where the ceiling is, but it did feel like a floor back in 05, 06, so that's what I went for then.
So you don't think - if the repubs announced Impeachment intentions for obama - and the market climbed 2% over the next few hours, there would be some that saw some correlation there? LOL, of COURSE there would be. Absolutely.
There are conservative commodities traders that predict a radical INCREASE in the Dow if obama faces impeachment:
http://www.uncommonwisdomdaily.com/the-impeachment-of-barack-obama-18572
So it's not just morons like me. It's people that trade for a living, who happen to be conservatives too, saying impeachment of Obama would lead to excellent gains. So my belief that no impeach = DOW drop... really not that far off base.
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It's nonsense.....even if the House passed articles of Impeachment, he would never be removed by the Senate. Anyone who thinks the markets would react to something so ridiculous isn't qualified to discuss the markets.
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It's nonsense.....even if the House passed articles of Impeachment, he would never be removed by the Senate. Anyone who thinks the markets would react to something so ridiculous isn't qualified to discuss the markets.
But the markets DID react to Clinton impeachment. They rose.
Conservative analysists ARE predicting obama impeachment would lead to a spike, and for quite a few reasons.
Read the link I posted - it did happen, and legit analysts explain why it would happen again.
As for "impeachment", Bill Clinton wasn't removed from office. His impeachment only passed the House, was killed by the senate. He was still effectively neutered for the rest of his time in office, and the economy still climbed. And nobody DIED there - he just lied abouta BJ. With F&F and Benghazi, there are dead americans... once soccer moms realize that, well, things could change fast with Senate members that wanna stay in office. Would 17 of 50 or so Dem senators vote to boot obama, if 80% of the nation backed them, and the pics of those heroes were on the news? Yes, definitely.
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BS...C follows A and B...that doesn't mean they created C. That's one of the most basic logical fallacies known to man.
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Have you sold your house to buy gold 240?
Glenn Beck is still pushing gold. it must be alright then.
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BS...C follows A and B...that doesn't mean they created C. That's one of the most basic logical fallacies known to man.
I dunno... brutal undermining of a capitalist-hating liberal = rise in the stock market? Not unreasonable.
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as I said, I got into precious metals years ago. I avoid that market these days. I dont know where the ceiling is, but it did feel like a floor back in 05, 06, so that's what I went for then.
So you don't think - if the repubs announced Impeachment intentions for obama - and the market climbed 2% over the next few hours, there would be some that saw some correlation there? LOL, of COURSE there would be. Absolutely.
There are conservative commodities traders that predict a radical INCREASE in the Dow if obama faces impeachment:
http://www.uncommonwisdomdaily.com/the-impeachment-of-barack-obama-18572
So it's not just morons like me. It's people that trade for a living, who happen to be conservatives too, saying impeachment of Obama would lead to excellent gains. So my belief that no impeach = DOW drop... really not that far off base.
HAHAH if you look hard enough you can find a moron who believes anything. Hell Ive heard of people who think that holograms where used in 9/11...
Just because you can find an idiot who believes something doesnt make it so. Your "education" should have taught you at least some fundamental finance and certainly should have taught you critical reasoning.
Which is why its so sad you believe the stupidity you do.
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I dunno... brutal undermining of a capitalist-hating liberal = rise in the stock market? Not unreasonable.
How is a pointless exercise that will leave the "capitalist hating liberal" in a stronger position going to undermine him?
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How is a pointless exercise that will leave the "capitalist hating liberal" in a stronger position going to undermine him?
How will he grow stronger?
Millions of people who have never heard of benghazi or F&F will be turning on TV and seeing pics of dead bodies - caused by obama's actions. We're not talking about the pity bump shown to Clinton after the BJ.
besides, we have clear example with clinton. If DOW totally SUNK after impeachment, you betcha getbiggers would be saying it was related.
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Nobody gives a flying fuck what getbiggers think about the markets...or anything else fr that matter.
"What doesn't kill you makes you stronger". You can pass as many articles of Impeachment as you want and he will laugh in your face while the Senate does nothing...or better yet acquits him. Then you will have shot your last bullet...swung the big axe and accomplished not a fucking thing. That will make him stronger.
If a person hasn't heard about any of the many fuckups generated by Lord Bumblefuck...well, they're too fucking stupid to matter. The rest of the country has dug in their heels and pretty much made up their minds already. You aren't going to convince democrats he's wrong...you won't convince anyone in the GOP that he's right.
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Clinton was weak after impeachment. He got an approval bump, but he also got a bump in people who thought he should have been removed. He was a shadow of his former self. http://www.nationalreview.com/articles/204574/big-fat-impeachment-goldberg-file/jonah-goldberg
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Clinton was NOT weakened by impeachment....his approval ratings went up during the process
http://www.gallup.com/poll/4609/presidential-job-approval-bill-clintons-high-ratings-midst.aspx
In the mid terms the GOP didn't gain any Senate seats and LOST five in the House. The first time in something like 150 years that the party not in the White House didn't gain seats in a second term mid term.
Obama will not be weakened by impeachment. The markets won't go up...piss won't turn onto wine...fat girls won't become thin.
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like i JUST stated,
his approval increased but the % of americans that wanted him out of office also increased.
Also, did he achieve anything noteworthy after impeachment?
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Did he achieve anything noteworthy before impeachment? He passed that huge tax increase that cost him control of the house and Senate and pushed NAFTA through with help from the GOP ....but after that....don't say welfare reform because he didn't sign that willingly. He really had next to nothing when it came to a legislative agenda.
And who gives ashit if more people wanted him out? That % went from small to slightly less small. As I showed...MORE PEOPLE had a favorable opinion of him after impeachment than before. He became MORE POPULAR. Impeachment was a net win for him.
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Jesus you're an idiot
I really want to believe there is bright republicans out there Coach, but posts like this is not helping.
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::)................and we'd like to believe you traitorous leftwing douchbags will finally admit Obama is a failure and move on.
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::)................and we'd like to believe you traitorous leftwing douchbags will finally admit Obama is a failure and move on.
??? I hope you don't mean me. I'm trying to make the case that impeaching Obama (who is a failure) would be excellent for our economy. The RINO repubs seem to be the only ones that care about keeping Obama in office.
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No....we're smart enough to know that impeachment and removal won't happen when it requires 2/3 vote in the Senate. Why is it so hard tor you to comprehend the futility of impeachment?
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No....we're smart enough to know that impeachment and removal won't happen when it requires 2/3 vote in the Senate. Why is it so hard tor you to comprehend the futility of impeachment?
it didn't happen with 2/3 of the vote for CLinton.
And the economy improved.
That was my example. House got 2 thru, failed on another I believe, never even got close in the senate, but didn't matter. It's still defined as an impeach, and economy still climbed as Bubba was neutered.
You're proving my point here, as their paths are so parallel. Only diff is that the repubs had balls in 98. not today.
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Clinton was STREGTHENED when he wasn't removed....how are you so fucking dense that you can't see that. The GOP LOST seats in the House and failed to gain in the Seate. That NEVER happens in a midterm during the President's second term. The GOP lost TWO Speakers of the house to sex scandals that fall and spent the last two years of the Clinton Presidency back on their heels.
You would see the same scenario play out again....That's why no one in the GOP with even half a brain wants to push this.
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Imagine if he had even a hint of willingness from the GOP to help the country. We might actually not be on the brink of being a 3rd world country.
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Clinton was STREGTHENED when he wasn't removed....how are you so fucking dense that you can't see that. The GOP LOST seats in the House and failed to gain in the Seate. That NEVER happens in a midterm during the President's second term. The GOP lost TWO Speakers of the house to sex scandals that fall and spent the last two years of the Clinton Presidency back on their heels.
You would see the same scenario play out again....That's why no one in the GOP with even half a brain wants to push this.
you're changing the subject here.
My initial assertion is that the economy would climb. Conservative analysts agreed.
It also happened when Clinton was impeached - economy climbed quickly.
And, when repubs announced there would be no impeachment - market fell - 300 points.
We can all agree on these FACTS and move on to whether or not impeachment helped/hurt CLinton. I don't think there's anything to debate with this initial point.
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you're changing the subject here.
My initial assertion is that the economy would climb. Conservative analysts agreed.
It also happened when Clinton was impeached - economy climbed quickly.
And, when repubs announced there would be no impeachment - market fell - 300 points.
We can all agree on these FACTS and move on to whether or not impeachment helped/hurt CLinton. I don't think there's anything to debate with this initial point.
I know people who say that holograms where used in 9/11, must be true
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as I said, I got into precious metals years ago. I avoid that market these days. I dont know where the ceiling is, but it did feel like a floor back in 05, 06, so that's what I went for then.
So you don't think - if the repubs announced Impeachment intentions for obama - and the market climbed 2% over the next few hours, there would be some that saw some correlation there? LOL, of COURSE there would be. Absolutely.
There are conservative commodities traders that predict a radical INCREASE in the Dow if obama faces impeachment:
http://www.uncommonwisdomdaily.com/the-impeachment-of-barack-obama-18572
So it's not just morons like me. It's people that trade for a living, who happen to be conservatives too, saying impeachment of Obama would lead to excellent gains. So my belief that no impeach = DOW drop... really not that far off base.
LMFAO did you read the link you provided to lend credibility to your stupidity?
he is not saying that impeachment would help the markets only that it wouldnt hinder it and the Fed policies along with the fundamentals of the economy are what is going to help drive the market up.
"Don’t pay attention to predictions of a stock market meltdown based on impeachment. With acquittal, any impeachment trial in the Senate will be nothing more than background noise and will prove meaningless by the time it’s over.
Stay focused instead on the Federal Reserve’s low-interest-rate and accommodative monetary policies; it is successfully coordinating with the world’s central banks.
Remember my bullish thesis — one that’s based on the United States enjoying a huge upcoming leap in productivity and efficiencies. I believe it will be driven by breakthroughs in technology, science, engineering and medicine."
where in that link do you get that he is alluding to impeachment = uptick in markets?
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you're changing the subject here.
My initial assertion is that the economy would climb. Conservative analysts agreed.
It also happened when Clinton was impeached - economy climbed quickly.
And, when repubs announced there would be no impeachment - market fell - 300 points.
We can all agree on these FACTS and move on to whether or not impeachment helped/hurt CLinton. I don't think there's anything to debate with this initial point.
I've worked in financial services for over 20 years....you can find a crackpot to assert damn near anything when it comes to economics. No credible analyst attributed any economic improvement to Clinton's impeachment. Just because one followed another does not equate causation...we covered the term LOGICAL FALLACY before, remember?
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also if you look at the graph he posted its obvious that the market went sideways during the clinton impeachment proceedings.
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you can find a crackpot to assert damn near anything when it comes to economics. No credible analyst attributed any economic improvement to Clinton's impeachment. Just because one followed another does not equate causation...we covered the term LOGICAL FALLACY before, remember?
exactly there are actually people out there that make a living off of contrarian views. 240 with all his "education" doesnt seem to understand that just because event B came after event A doesnt mean that event A caused event B
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Stay focused instead on the Federal Reserve’s low-interest-rate and accommodative monetary policies; it is successfully coordinating with the world’s central banks.
by the way you do know the Fed had a meeting on the day the market dropped right? you do know that they have said that they feel that they may have to raise rates sooner than they previously thought b/c of inflationary pressure right?
you do know the dissent by one of the chairs said they thought rates would need to be raised early 2015 instead of 2016-2017 right?
YOU DO KNOW WHAT RAISING RATES WOULD DO, RIGHT???
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240 furiously looking for another idiot who shares his views to post as proof for his stupidity.
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some companies are cutting full time employees to part time and hiring another part time person, two part timers one full timers job. the former full time employee will lose all of their full time benefits. O-twink sure is "creating" jobs.