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The economy has turned around; 162,000 new jobs last month, many in manufacturing

Discussion in 'Politics' started by cruztbone, Apr 3, 2010.

  1. cruztbone

    cruztbone Experimental Member

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    :biggrin1: for all you naysayers, i will say this: I TOLD YOU SO. it will be many months before we reach prosperous job growth levels, but the BUSH recession is finally ending.

    Most of the jobs created were in the manufacturing sector. And yes, the census created decent jobs until the end of the year. (The constitution of the US requires us to do the census every ten years, uninformed right wing nutcakes.)

    Obama haters, go ahead and attack. Facts are stubborn things, and you can no longer deny that the economy is turning upward, thanks largely to the OBAMA economic policies.
     
  2. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    It's one month. Don't go declaring victory on one month of data.

    It's good news to be sure, but you would need over a year of months twice as good as this to get us back to regular unemployment of 5%.
     
  3. Trinity

    Trinity Banned

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    150,000 jobs have to be added just to keep pace with the growth of the labor force. :rolleyes: 439,000 people lost their job last week and were added to the rolls.

     
  4. houtx48

    houtx48 Expert Member

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    Don't tell Zippy W. he will want to send the jobs to China. This hole is going to take a while to dig out of.
     
  5. TopDudeFtl

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    I'm self employed & this week I was lucky enough to have work five days in a row (locally). I can't recall the last time that has happened. Does that mean the economy has "turned around"; not likely, but I am hopeful. I think we need to wait to see what the next couple of months will do before we claim any progress.
     
  6. Industrialsize

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    I have no idea where you got the number 439,000 because it isn't in the article you posted a link to. Your article states"he number of people who have been unemployed for six months or longer grew by 400,000 to 6.5 million". And for the Record, when Obama took over from Bush, Job Loss was at over 700,000 a month. The Presidents Smart policies have stopped the bleeding.

     
  7. B_starinvestor

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    LOL.

    The economy has not turned in any way.
     
  8. B_nyvin

    B_nyvin Banned

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    You realize more jobs were LOST overall right????
     
  9. sargon20

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    The Economy Almost Always Does Better Under Democrats

    If the extended Pinocchio nose and a similarly over-inflated phallus are the apt symbols of the Tea Party movement, the Tea Baggers are in for one final, rude awakening. For all of their histrionics about "socialism" and "communism", the historical record clearly shows the economy overall and the stock market in particular almost always do better under Democratic presidents.

    Just days after the Washington Post documented that George W. Bush presided over the worst eight-year economic performance in the modern American presidency, the New York Times in January featured an analysis comparing presidential performance going back to Eisenhower. As the Times showed, George W. Bush, the first MBA president, was a historic failure when it came to expanding GDP, producing jobs and fueling stock market growth. And across almost every indicator (article here, charts here), Democrats outperformed their Republican counterparts.

    The superior performance of Democratic presidents covers virtually the entire spectrum of economic indicators. As Elliott Parker of the University of Nevada, Reno detailed in a 2006 paper, since 1949 Democratic administrations have done better than Republican ones when it comes to unemployment (5.2% to 6.0%), job creation (-.0.4% decrease in unemployment, compared to 0.3% increase), GDP growth rate (4.2% to 2.9%), and even corporate profits as a share of GDP. And to be sure, he found the Dow benefits from Democrats in the White House.

    There's no shortage of studies to show that stock market returns are higher under Democratic leadership. (As it turns out, Wall Street's performance is also better when Democrats control Congress.) In 2000, Pedro Santa-Clara and Rossen Valkanov of UCLA's Anderson School of Business concluded that "that the average excess return in the stock market is higher under Democratic than Republican presidents - a difference of 9 percent per year for the value-weighted portfolio and 16 percent for the equal-weighted portfolio." As the New York Times noted of UCLA study in 2003:
    "It's not even close. The stock market does far better under Democrats...
    The words of Harry Truman, the man Sarah Palin cited as her model, are as true today as when he uttered them generations ago:
    "If you want to live like a Republican, vote Democratic."
     
  10. Trinity

    Trinity Banned

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    I know what the article states. The weekly job losses have been reported in the news and are available for you to look up online. I only referred to them because it is commonly known.

    from the dept of labor.gov

    As for Obama stopping the bleeding...flooding the system by printing up money while deficit spending and mismanaging recovery programs like TARP, the Mortgage Program and job creation program (Stimulus) may slow the bleeding but the patient is still in arrest - not recovery. Unfortunately, Obama's unpaid for entitlement programs that cost Trillions, additional jobs bills that add to the deficit, foreclosures and unintended economic effects of Obama's healthcare bill could keep us in recession.

    No, it hasn't.
     
  11. B_Nick4444

    B_Nick4444 Banned

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    not to be unkind, but to post something like this suggests you cannot make an argument on the basis of economics
     
  12. B_Nick4444

    B_Nick4444 Banned

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    because of the plummeting demand for US Treasury obligations (investors have become extremely concerned about the USA being able to live up to its obligations given Owe-bama's massive deficit spending even before his so-called health reform bill -- passage of the crap has only aggravated the problem) , interest rates must rise

    coming at a time when we have such massive numbers of unemployed is cause for a great deal of concern
     
  13. B_talltpaguy

    B_talltpaguy Banned

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    ^That's real cute, but it's also off topic.


    Or in other words, Obama and the Dems are now doing something that Bush couldn't.
     
  14. B_Nick4444

    B_Nick4444 Banned

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    actually addresses this point

    had not Obanomics been implemented, we might in fact have been seeing a genuine recovery at this point, and not as Martin Feldstein warned, a second dip, precisely attributable to the policies implemented by Owe-bama
     
  15. Trinity

    Trinity Banned

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    No. Obama and the Dems weren't able to create real fulltime jobs, but they did succeed in falling lower than low in their attempt to hide their failure while touting their spin garbage.

    Pittsburgh Post Gazette
     
    #15 Trinity, Apr 3, 2010
    Last edited: Apr 3, 2010
  16. conntom

    conntom Expert Member

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    The current admin has a little problem with facts. Including the so called fact that his majesty's plan saved 1.5 million jobs. The CBO came out said that was fuzzy math and not true.
     
  17. lucky8

    lucky8 Expert Member

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    Don't get too excited...interest rates are going up soon enough...
     
  18. sargon20

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  19. chgorunner

    chgorunner Experimental Member

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    we should hold a census every year-
     
  20. sargon20

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    I know I know facts have a liberal bias. This from a person who starts a thread titled '
    Third World Presidency of Barack Hussein Obama'. You really aren't concerned at all with facts and reason. To post something like this suggests you have a problem with making an argument on the basis of facts without resulting to fear, intolerance and oh so subtle race baiting.
     
  21. B_Nick4444

    B_Nick4444 Banned

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    say huh?

    not at all, dear fellow

    the glaring specifics of the Obama Administration all strike me as third world

    everything from the aesthetics and modality of the portion of the electorate that elected him, his background, his sensibilities, his policies, and the end result of driving the American republic closer to third world status

    much as the glaring specifics of the Bush Administration compel the designation of The Petroleum Presidency

    but, back to the original question -- can you submit an economic argument of your own construction?

    (the reason I ask, is that the posts you have made seem to suggest otherwise)
     
  22. Industrialsize

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    "everything from the aesthetics and modality of the portion of the electorate that elected him"

    Would you care to expound on exactly what you mean by this statement......
     
  23. cruztbone

    cruztbone Experimental Member

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    48 thousand jobs were added due to the census. that leaves more than 100 thousand jobs added, mostly in manufacturing. This is the first overall gain in jobs since March 2007. yes, it is a turnaround. No , it isnt fuzzy math. There are more jobs available now than there have been in some time. This recovery will take time as Bush and the GOP did such a great job fucking this economy up so badly with failed corporate, Ayn Rand - based economic falsehoods. Fortunately, the direction has changed and we are on the road to recovery. Trinity and Sargon, go read anything by Robert Reich. You might learn something about economic reality.
     
  24. sargon20

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    Stand-by for the biggest load of crap this Easter Sunday.:rolleyes: If it decides to answer.


    Huum. I agree with you. The economic damage of conservative ideology will take years to undo unless the amnesiac electorate believes the propaganda and votes the plutocrats/theocrats/xenophobes/science deniers back in office. Trinity and I share nothing in common except I do suppose we both breath oxygen. Though I do believe he huffs on occasion.
     
    #24 sargon20, Apr 4, 2010
    Last edited: Apr 4, 2010
  25. B_talltpaguy

    B_talltpaguy Banned

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    I guess according to mr-closeted-gay-but-openly-racist, being a college graduate implies that you're 'ghetto'?

    Problem there is, college grads voted for Obama. McCain won among those who were dropouts or who have just a high school diploma.
     
  26. sargon20

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    You know I like that. Thanks for putting it all together in such a refreshing way. The kind of self loathing openly intolerant, dripping with spittle and anger and hate person the Republican Party counts on in the voting booth.
     
  27. B_VinylBoy

    B_VinylBoy Banned

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    I'm so glad that it's someone else who's saying it and not just me.
     
  28. sargon20

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    It's become glaringly obvious with Obama's election.
     
  29. B_starinvestor

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    Yes the ACORN people are academians.
     
  30. B_talltpaguy

    B_talltpaguy Banned

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    ^Compared to white supremacists and hillbillies, yes they most certainly are.

    What's your point, coward?
     
    #30 B_talltpaguy, Apr 4, 2010
    Last edited: Apr 4, 2010
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