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Author Topic: Will Obama Ride 7.8% Jobless Rate to Reelection?  (Read 3726 times)
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« on: October 05, 2012, 10:58:36 PM »

Will Obama Ride 7.8% Jobless Rate to Reelection?
By Josh Marks

The Denver debate should be a distant memory after today’s jobs report that the unemployment rate fell to 7.8 percent. That is the jobless rate when Obama took office in January 2009 when he inherited the worst economic disaster since the Great Depression. Seven sounds a lot better than eight and much, much better than the peak of 10 percent in October 2009. Significantly, in the mind of the American public, 7.8 percent sounds closer to the 7.2 percent unemployment figure that Ronald Reagan rode to reelection in 1984.

What Obama has achieved trumps Reagan because he inherited a global economic meltdown not seen since 1930. And Reagan wasn’t up against a hostile Republican Congress hellbent on his destruction. Despite all Obama was up against, he managed to pass Keynesian stimulus in the American Recovery and Reinvestment Act that was actually bigger than FDR’s New Deal. The unemployment rate could have been even lower had it not been for right-wing state governors implementing draconian public sector cuts and austerity-obsessed, obstructionist congressional Republicans blocking the American Jobs Act.

But despite an entire political party putting rigid ideology above the good of the country and global events out his control, President Obama has America headed in the right direction in terms of jobs and the economy. He must be reelected to finish the job and keep America moving forward.[/b]

Republicans keep falsely claiming that Obama is bringing European-style socialism to America, but it is the Republicans who want to bring Europe’s disastrous austerity measures to our shores.

And how is austerity working across the Atlantic?

Eurozone unemployment is at a record high with almost 18.2 million people out of work and an unemployment rate of 11.4 percent. Austerity measures are slowing down economic growth in Europe. The unemployment rates in Spain and Greece are both 25 percent as both countries have instituted massive spending cuts that has prolonged the pain. This is what Mitt Romney, Paul Ryan and the Republican Party would like to bring to the United States.


With Romney’s first term consumed with rolling back all the progress Obama and the Democrats have made — the Recovery Act, health care reform, Wall Street reform and more — and Ryan working with Republicans in Congress to make his anti-government budget fantasy a reality, America could see the unemployment rate start to increase again as European-style austerity measures take effect.

But we can prevent this nightmare scenario by reelecting Barack Obama and VP Joe Biden and progressives and moderates at every level of government who will work with the president instead of obstructing and filibustering everything. That means electing progressives and moderates in Congress and at the state, city and local levels.

An unemployment rate of 7.8 percent is great news, especially so close to the election. Just to parse it down some more — 873,000 Americans reported having jobs and employers created 114,000 jobs in September. That means the number of unemployed Americans is at 12.1 million, the fewest since Obama took office.

It is up to us to make sure the unemployment rate continues to decrease under President Obama. We must work hard to push Obama over the top this November. Make phone calls. Knock on doors. Talk to your neighbors and friends. Put up a lawn sign. Slap a bumper sticker on the back of your car. But most importantly, register to vote and then VOTE!


Here is Obama talking about today’s great news at my alma mater — George Mason University in Fairfax, Virginia.

<a href="http://www.youtube.com/watch?v=TmcEaTbE5ZQ" target="_blank">http://www.youtube.com/watch?v=TmcEaTbE5ZQ</a>
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« Reply #1 on: October 05, 2012, 11:24:55 PM »

HankyGate 2012 approved.
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« Reply #2 on: October 06, 2012, 08:23:28 AM »

It's more like 20-23%. Many people fell off that were on unemployment and couldn't find new jobs. Funny how that bogus story gets people believing that horseshit
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« Reply #3 on: October 06, 2012, 08:38:31 AM »

So 7.8% unemployment is a success?


That's where we are now? 

BRB, having conversation with 1997 doison where I try to convince him that in the future, 7.8% UE will lauded as a great success of the president...
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« Reply #4 on: October 06, 2012, 08:41:48 AM »

So 7.8% unemployment is a success?


That's where we are now? 

BRB, having conversation with 1997 doison where I try to convince him that in the future, 7.8% UE will lauded as a great success of the president...
It is after the Republicans started two wars on credit.


* esq-obama-job-numbers-100512-xlg.jpg (115.55 KB, 614x438 - viewed 293 times.)
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« Reply #5 on: October 06, 2012, 08:41:56 AM »

You guys realize 7.8% is not that bad right?


Are any of you affected by this on here?  I highly doubt it.
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« Reply #6 on: October 06, 2012, 08:44:06 AM »

If you factor all the people back into the jobs report that have left the workforce because they just quit looking for work, went back to school because they couldn't find work, stayed in school because they can't find work and left the workforce because they went on "disability", the unemployment rate is over 10%.

The U-6...the number of people who are unemployed and employed part time while seeking full time work...remained unchanged at 14.7%.

http://www.businessinsider.com/the-unemployment-rate-drop-does-not-change-my-recession-outlook-2012-10
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« Reply #7 on: October 06, 2012, 08:47:11 AM »

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« Reply #8 on: October 06, 2012, 08:48:51 AM »

It's also equally worth noting that the Republican strategy at a pivotal crisis in American financial history was not to fix the economy, not to create jobs, not to help Americans suffering, but to make the new President, who had yet to propose any legislation, a one term President.

Obama STILL was able to accomplish this roughshod over so many who would rather wield power than better their country.
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« Reply #9 on: October 06, 2012, 08:49:57 AM »

Prez. Obama will win, no doubt. romney has fucked himself too much.
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« Reply #10 on: October 06, 2012, 09:15:10 AM »

It is after the Republicans started two wars on credit.

It's amazing to me you call yourself a teacher. No wonder why our education system is fucked.
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« Reply #11 on: October 06, 2012, 09:20:12 AM »

It's amazing to me you call yourself a teacher. No wonder why our education system is fucked.
Pretty sure it was you who failed the education system, Coach.  Undecided
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« Reply #12 on: October 06, 2012, 09:22:37 AM »

Why bother discussing a number that is a fairy tale?

The drop from 8.1% to 7.8% in one month is not plausible - and Solis should have been fired immediately for releasing a fraudulent number like that based on such ridiculous assumptions.

There is no way in hell UE is 7.8% - by discussing it, idiots start giving this outright fabrication a shred of credibility.

For the obama presidency to stoop to this level after the debate trouncing is just sad. He has gone beyond incompetent and pathetic, to just sad. His dick swinging followers really should be embarrassed to support a clown like him. The irony is that the stupid are the last to realize they're stupid.

7.8 is bullshit and can't be described ANY other way.

(And retard TBombz still let's fat, sweaty men assfuck him for $20 wee money)
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« Reply #13 on: October 06, 2012, 09:24:29 AM »

Why bother discussing a number that is a fairy tale?

The drop from 8.1% to 7.8% in one month is not plausible - and Solis should have been fired immediately for releasing a fraudulent number like that based on such ridiculous assumptions.

There is no way in hell UE is 7.8% - by discussing it, idiots start giving this outright fabrication a shred of credibility.

For the obama presidency to stoop to this level after the debate trouncing is just sad. He has gone beyond incompetent and pathetic, to just sad. His dick swinging followers really should be embarrassed to support a clown like him. The irony is that the stupid are the last to realize they're stupid.

7.8 is bullshit and can't be described ANY other way.

(And retard TBombz still let's fat, sweaty men assfuck him for $20 wee money)
Ha! There's always room for a Parthian shot.      Grin
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« Reply #14 on: October 06, 2012, 09:29:16 AM »

Ha! There's always room for a Parthian shot.      Grin

The drop from 8.1 to 7.8 would be the greatest monthly increase in employment since Ronald Reagan's recovery in 1983. It simply is NOT plausible.

And TBombz gets high and lets  old fat, sweaty men assfuck him so they can experience something new and in his opinion "not immoral". That is fact.
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« Reply #15 on: October 06, 2012, 09:31:02 AM »


The drop from 8.1% to 7.8% in one month is not plausible - and Solis should have been fired immediately for releasing a fraudulent number like that based on such ridiculous assumptions.


Why isn't it plausible? Which assumptions are ridiculous? What exactly is fraudulent about the numbers?

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« Reply #16 on: October 06, 2012, 09:32:35 AM »

I don't like the numbers= it's a conspiracy.

I like the numbers= legit.

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« Reply #17 on: October 06, 2012, 09:33:49 AM »

As already mentioned, the article in the OP is disingenuous because it doesn't use U-6 unemployment. Benny is just trolling but it's sad that the author of the article is genuinely convinced that a slightly lower U-3 somehow constitutes a significant accomplishment.
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« Reply #18 on: October 06, 2012, 09:39:09 AM »

I don't like the numbers= it's a conspiracy.

I like the numbers= legit.
You just made the no-fly list, Mister.
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« Reply #19 on: October 06, 2012, 09:39:29 AM »

Why isn't it plausible? Which assumptions are ridiculous? What exactly is fraudulent about the numbers?



Students taking part-time summer employment are not full-time jobs, seasonal hiring for 1-2 month periods is not full-time employment, people stopping looking for work does not make them employed, the increase in people collecting disability is not a coincidence - they move from entitlement dole to another.

You cannot draw a definitive conclusion on a sample size well under 60,000 people when the entire work force (set) numbers well over 100 million people.

Any idiot (except for a brain dead liberal - redundancy noted) can look around and see there is no way in hell this economy is growing or recovering.

Now.....you defend the numbers. Show exactly where the work force and full-time employment are growing, use payroll examples.
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« Reply #20 on: October 06, 2012, 09:39:46 AM »

You just made the no-fly list, Mister.
Shit!
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« Reply #21 on: October 06, 2012, 09:42:52 AM »

Students taking part-time summer employment are not full-time jobs, seasonal hiring for 1-2 month periods is not full-time employment, people stopping looking for work does not make them employed, the increase in people collecting disability is not a coincidence - they move from entitlement dole to another.

You cannot draw a definitive conclusion on a sample size well under 60,000 people when the entire work force (set) numbers well over 100 million people.

Any idiot (except for a brain dead liberal - redundancy noted) can look around and see there is no way in hell this economy is growing or recovering.

Now.....you defend the numbers. Show exactly where the work force and full-time employment are growing, use payroll examples.
Pretty sure this is how Rick Perry runs the Texas numbers, Mister Nut.    Grin
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« Reply #22 on: October 06, 2012, 09:43:11 AM »

Shit!

Garebear.....you're an obama apologist, be honest, how did you feel in the pit of your stomach watching him get his ass kicked in the debate a few days ago?

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« Reply #23 on: October 06, 2012, 09:47:30 AM »

Pretty sure this is how Rick Perry runs the Texas numbers, Mister Nut.    Grin

So September 2012 was the greatest monthly economic recovery since Reagan in 1983?

Fuck....you obama drones will believe anything that's spoon fed to you.

Go ahead - someone explain why the Labor Bureau chose to re-do the July and August 2012 numbers in late Septenber? Go ahead - give a valid reason, that doesn't involve an incumbent president never being re-elected when UE is > 8%.
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« Reply #24 on: October 06, 2012, 09:47:45 AM »

Garebear.....you're an obama apologist, be honest, how did you feel in the pit of your stomach watching him get his ass kicked in the debate a few days ago?


I thought Obama was too restrained, but that's happens when you stick to the truth.

I expect big things in the next debate.

Obama now is, as the saying goes in the Old West, well heeled.

Looking forward to it.

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