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Docthehun
03-08-2019, 08:51 AM
February job numbers, 20,000. Whoa daddy!

Common
03-08-2019, 08:57 AM
Better than the many no jobs and lost jobs reports from the Obama admin :) How soon we forget how the great one, broke the all time record for people on unemployment and on food stamps and that he never mentioned it, he was so intent on doing the important work that impacted all americans like putting transgenders in womens bathrooms :)

alexa
03-08-2019, 09:04 AM
How funny that we never mention that unemployment was over 8% when Obama took office and it was 4.7% when he left.

How funny that we never mention that annual GDP growth under Trump has never exceeded annual GDP growth under Obama and is unlikely to do so now.

How funny that no one mentions that the stable genius' trade policies have grown the trade deficit he wanted to reduce to the highest in our country's history all while harming the farmers and blue collar workers that were gullible enough to support him.



Go figure, huh?

Docthehun
03-08-2019, 09:04 AM
Better than the many no jobs and lost jobs reports from the Obama admin :) How soon we forget how the great one, broke the all time record for people on unemployment and on food stamps and that he never mentioned it, he was so intent on doing the important work that impacted all americans like putting transgenders in womens bathrooms :)

Damn, you're right! Sorry! I had totally forgot Obama's lousy job creation numbers.

https://www.businessinsider.com/obama-jobs-report-labor-market-participation-rate-2017-1/

Hoosier8
03-08-2019, 09:06 AM
February job numbers, 20,000. Whoa daddy!
Unemployment at 3.8%.

Docthehun
03-08-2019, 09:10 AM
Unemployment at 3.8%.

Tell that to the folks at GM in Lordstown.

alexa
03-08-2019, 09:11 AM
Damn, you're right! Sorry! I had totally forgot Obama's lousy job creation numbers.

https://www.businessinsider.com/obama-jobs-report-labor-market-participation-rate-2017-1/


Don't forget how he cratered the stock market either!

It went from 7500 all the way down to 19,800.

It was probably the bathroom stuff that did it.

alexa
03-08-2019, 09:13 AM
Tell that to the folks at GM in Lordstown.

I'm sure Mary Generalmotors will knuckle under once the Anointed One straightens her out.

exotix
03-08-2019, 09:13 AM
How funny that we never mention that unemployment was over 8% when Obama took office and it was 4.7% when he left.

How funny that we never mention that annual GDP growth under Trump has never exceeded annual GDP growth under Obama and is unlikely to do so now.

How funny that no one mentions that the stable genius' trade policies have grown the trade deficit he wanted to reduce to the highest in our country's history all while harming the farmers and blue collar workers that were gullible enough to support him.



Go figure, huh?What say you resident Trump-Voters ?

alexa
03-08-2019, 09:16 AM
Tell that to the folks at GM in Lordstown.

Maybe they can all go to work at Carrier?

Oh, wait...

https://www.chicagotribune.com/business/ct-indiana-factory-trump-deal-20180110-story.html

alexa
03-08-2019, 09:20 AM
Damn, you're right! Sorry! I had totally forgot Obama's lousy job creation numbers.

https://www.businessinsider.com/obama-jobs-report-labor-market-participation-rate-2017-1/



For all presidents since Harry Truman — the first to have reliable data for his full term — Obama ranks fourth in raw job additions, behind Clinton, Reagan, and Lyndon Johnson.
Considering that the US lost more than 700,000 jobs in each of the first three months of Obama's presidency — including 823,000 in March 2009, the largest drop of the recession — the comeback for the US labor market has been impressive by most counts.

https://www.businessinsider.com/obama-jobs-report-labor-market-participation-rate-2017-1/#overall-obama-took-over-a-jobs-market-in-crisis-and-ended-up-growing-the-labor-market-better-than-most-of-the-modern-us-presidents-7

Docthehun
03-08-2019, 09:23 AM
What say you resident Trump-Voters ?

Hey now! Well, well......3.8%!

Hoosier8
03-08-2019, 10:03 AM
Tell that to the folks at GM in Lordstown.

Oh, you mean the economy is not static? Gosh Golly, what a surprise!

alexa
03-08-2019, 10:24 AM
flailDictionary result for flail
/flāl/
verb
gerund or present participle: flailing
1.
wave or swing or cause to wave or swing wildly.
"his arms were flailing helplessly"


synonyms:
wave, swing, thrash about, flap about, beat about, windmill, move erratically "he fell headlong, his arms flailing"

jimmyz
03-08-2019, 10:59 AM
February job numbers, 20,000. Whoa daddy!

Job growth always slows when we reach full employment?

"To economists, full employment means that unemployment has fallen to the lowest possible level (https://www.clevelandfed.org/Newsroom and Events/Publications/Economic Commentary/2014/ec 201421 how much slack is in the labor market) that won’t cause inflation. In the U.S., that was once thought to be a jobless rate of about 5 percent. U.S. Federal Reserve economists currently put this so-called natural rate of unemployment at between 4.1 percent and 4.7 percent (https://www.federalreserve.gov/faqs/economy_14424.htm)."

Source - https://www.bloomberg.com/quicktake/full-employment

MisterVeritis
03-08-2019, 11:05 AM
Job growth always slows when we reach full employment?

"To economists, full employment means that unemployment has fallen to the lowest possible level (https://www.clevelandfed.org/Newsroom and Events/Publications/Economic Commentary/2014/ec 201421 how much slack is in the labor market) that won’t cause inflation. In the U.S., that was once thought to be a jobless rate of about 5 percent. U.S. Federal Reserve economists currently put this so-called natural rate of unemployment at between 4.1 percent and 4.7 percent (https://www.federalreserve.gov/faqs/economy_14424.htm)."

Source - https://www.bloomberg.com/quicktake/full-employment

No. Let it go.

alexa
03-08-2019, 11:08 AM
Job growth always slows when we reach full employment?

"To economists, full employment means that unemployment has fallen to the lowest possible level (https://www.clevelandfed.org/Newsroom and Events/Publications/Economic Commentary/2014/ec 201421 how much slack is in the labor market) that won’t cause inflation. In the U.S., that was once thought to be a jobless rate of about 5 percent. U.S. Federal Reserve economists currently put this so-called natural rate of unemployment at between 4.1 percent and 4.7 percent (https://www.federalreserve.gov/faqs/economy_14424.htm)."

Source - https://www.bloomberg.com/quicktake/full-employment




By that excuse, there should have been no new jobs created since Obama left office.

Unemployment was at 4.7% at the end of 2016.

Good effort.

Docthehun
03-08-2019, 11:40 AM
Job growth always slows when we reach full employment?

"To economists, full employment means that unemployment has fallen to the lowest possible level (https://www.clevelandfed.org/Newsroom and Events/Publications/Economic Commentary/2014/ec 201421 how much slack is in the labor market) that won’t cause inflation. In the U.S., that was once thought to be a jobless rate of about 5 percent. U.S. Federal Reserve economists currently put this so-called natural rate of unemployment at between 4.1 percent and 4.7 percent (https://www.federalreserve.gov/faqs/economy_14424.htm)."

Source - https://www.bloomberg.com/quicktake/full-employment





Good try!

Docthehun
03-08-2019, 11:42 AM
Oh, you mean the economy is not static? Gosh Golly, what a surprise!


https://www.youtube.com/watch?v=bIZoVO8ZyyQ

Tahuyaman
03-08-2019, 11:44 AM
Liberals are a funny bunch. All 2017 they claimed the increase in jobs was all due to Obama's economic policies. Now they are back to claiming things were great during his era and today, not so good.

alexa
03-08-2019, 11:46 AM
Liberals are a funny bunch. All 2017 they claimed the increase in jobs was all due to Obama's economic policies. Now they are back to claiming things were great during his era and today, not so good.

Liberals put out the jobs report?

Fascinating.

Tahuyaman
03-08-2019, 11:49 AM
Wages are rising at a rate greater than 3%. We are basically at full employment and employers are now in competition for quality employees.

But I guess to some this is a bad thing.

Chris
03-08-2019, 11:52 AM
What say you resident Trump-Voters ?


What's to say? While cheerleaders like to attach presidents' names to these numbers there really no connection between them beyond temporal correlations.

Tahuyaman
03-08-2019, 11:52 AM
Liberals are a funny bunch. All 2017 they claimed the increase in jobs was all due to Obama's economic policies. Now they are back to claiming things were great during his era and today, not so good.I made a mistake in that comment. I should have said all 2017-18 the liberals were giving Obama credit for the dramatic jobs growth in the country.

alexa
03-08-2019, 12:20 PM
Wages are rising at a rate greater than 3%. We are basically at full employment and employers are now in competition for quality employees.

But I guess to some this is a bad thing.
It would be, if it were true.

Real average hourly earnings increased 1.7 percent, seasonally adjusted, from January 2018 to January 2019.

https://www.bls.gov/news.release/pdf/realer.pdf

Ransom
03-08-2019, 12:38 PM
How funny that we never mention that unemployment was over 8% when Obama took office and it was 4.7% when he left.

How funny that we never mention that annual GDP growth under Trump has never exceeded annual GDP growth under Obama and is unlikely to do so now.

How funny that no one mentions that the stable genius' trade policies have grown the trade deficit he wanted to reduce to the highest in our country's history all while harming the farmers and blue collar workers that were gullible enough to support him.



Go figure, huh?

Let's indeed discuss the stagnant economy during Obama's entire Presidency. how he added trillions to the debt. That his first 2 years included trillion dollar plus deficits. That fed rates remained at or near zero during his Presidency due to zero growth. No wage growth, his failed Stimulus, his failed Omnibus spending, his failed Summer of Recovery that Biden was the point man for and that Republicans need to remind voters of when Biden announces and ends several of these joke campaigns just announced by fake Indians and racists like Booker. Let's discuss Obamacare that insurance companies withdrew from costing patients both plans and doctors. Let's remember the entire ME was in flames, really the entire world including our own inner cities were in flames while Obama presided. Let's remember our direction-less foreign policy, how ISIS criss-crossed the ME in murder rampages while he played golf.

Obama in 2016 ran on just what alexa mentions above. Especially during the last days of campaign 2016, he went to north Carolina and Pennsylvania to talk about GDP growth, the Obama economy, how bad it was when he took over.

His successor and selected queen ran on exactly what alexa repeats above...….his successor lost North Carolina and in perhaps the most shocking of all losses.....she lost Pennsylvania. And lost the election. Alexa....ever consider a job with the DNC? They....need you.

:wink:

What's that about the definition of doing the same thing and expecting different results?

Tahuyaman
03-08-2019, 12:40 PM
It would be, if it were true.


https://www.bls.gov/news.release/pdf/realer.pdf
hourly wages are rising at a rate greater than 3%.

Ransom
03-08-2019, 12:44 PM
The Trump economy roars on defying all predictions by the Left. Stock Market way up. Growth solid. Unemployment at record lows including for minorities. The Left...hates this. Trump is more a leader and more Presidential, he examples what a poor and incompetent President Obama was. Trump 2020

Chris
03-08-2019, 12:52 PM
It would be, if it were true.


https://www.bls.gov/news.release/pdf/realer.pdf


Comparing nominal to real wages is like comparing apples to oranges. The terms have specific economic meanings.

Tahuyaman
03-08-2019, 01:05 PM
Again this is an example of someone basing their view off of reading a headline and failing to read the rest of the story. This is getting to be a regular thing

alexa
03-08-2019, 01:08 PM
Comparing nominal to real wages is like comparing apples to oranges. The terms have specific economic meanings.

Real wages are spent in the real world.

Nominal wages are spent where? In the nominal world?

Chris
03-08-2019, 01:10 PM
Real wages are spent in the real world.

Nominal wages are spent where? In the nominal world?


You don't understand the meanings of the terms, do you. Oh, well, go ahead, argue blindly.

Tahuyaman
03-08-2019, 01:12 PM
Real wages are spent in the real world.

Nominal wages are spent where? In the nominal world?

That's an example of nominal thinking.

Chris
03-08-2019, 01:15 PM
That's an example of nominal thinking.

http://i.snag.gy/xCseE.jpg

Peter1469
03-08-2019, 06:04 PM
Job growth always slows when we reach full employment?

"To economists, full employment means that unemployment has fallen to the lowest possible level (https://www.clevelandfed.org/Newsroom and Events/Publications/Economic Commentary/2014/ec 201421 how much slack is in the labor market) that won’t cause inflation. In the U.S., that was once thought to be a jobless rate of about 5 percent. U.S. Federal Reserve economists currently put this so-called natural rate of unemployment at between 4.1 percent and 4.7 percent (https://www.federalreserve.gov/faqs/economy_14424.htm)."

Source - https://www.bloomberg.com/quicktake/full-employment




I think of full employment as the point where the remaining unemployed are essentially people most employers wouldn't touch if there was any other option. The dull, malcontents, and the lazy.

Ransom
03-08-2019, 06:07 PM
Real wages are spent in the real world.

Nominal wages are spent where? In the nominal world?

Real wages are for real work, alexa, you wouldn't understand. I'll explain later, ok?

jimmyz
03-08-2019, 06:24 PM
I think of full employment as the point where the remaining unemployed are essentially people most employers wouldn't touch if there was any other option. The dull, malcontents, and the lazy.
I agree.

Captdon
03-08-2019, 06:57 PM
How funny that we never mention that unemployment was over 8% when Obama took office and it was 4.7% when he left.

How funny that we never mention that annual GDP growth under Trump has never exceeded annual GDP growth under Obama and is unlikely to do so now.

How funny that no one mentions that the stable genius' trade policies have grown the trade deficit he wanted to reduce to the highest in our country's history all while harming the farmers and blue collar workers that were gullible enough to support him.



Go figure, huh?

Well, you could try and still be wrong. I am flat out wealthier now than I was when Sissypants was in charge. Both of my kids are. All three of my adult grandchildren are. Maybe you don't know how money works.

Captdon
03-08-2019, 06:59 PM
Damn, you're right! Sorry! I had totally forgot Obama's lousy job creation numbers.

https://www.businessinsider.com/obama-jobs-report-labor-market-participation-rate-2017-1/

Yea, he created a lot of low paying jobs. Love him or hate him., Obama was a so-so President at best.

Captdon
03-08-2019, 07:00 PM
Tell that to the folks at GM in Lordstown.

Tell it to the taxpayers who bought GM and this was the thanks they got. Obama was a sucker.

Docthehun
03-08-2019, 07:02 PM
Yea, he created a lot of low paying jobs. Love him or hate him., Obama was a so-so President at best.

Every month that Obama was President, Fox Business always questioned the quality of jobs. Under the current administration, the question has never been asked.

Captdon
03-08-2019, 07:03 PM
I'm sure Mary Generalmotors will knuckle under once the Anointed One straightens her out.

Are they going to bring their plants back from China and Mexico? We bailed them out and got screwed. Yea. that was a success.

Captdon
03-08-2019, 07:09 PM
It would be, if it were true.


https://www.bls.gov/news.release/pdf/realer.pdf


https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html

From your liberal press.

Captdon
03-08-2019, 07:12 PM
https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html

alexa
03-08-2019, 07:28 PM
Every month that Obama was President, Fox Business always questioned the quality of jobs. Under the current administration, the question has never been asked.


As any fool could tell you, that's different.

It's the same with unemployment numbers.

No one seems to bring up the U6 numbers any more.

I wonder why that is?

Tahuyaman
03-08-2019, 07:30 PM
I think of full employment as the point where the remaining unemployed are essentially people most employers wouldn't touch if there was any other option. The dull, malcontents, and the lazy.

Isn’t that where we are now?

Ransom
03-08-2019, 07:32 PM
Every month that Obama was President, Fox Business always questioned the quality of jobs. Under the current administration, the question has never been asked.
Perhaps you don't refer to your own proposed job growth as "shovel ready" should you not want the quality of that proposed job growth questioned. What they did was throw Stimulus and Quantitative Easing and slap labels on it like Summer of Recovery, it all never materialized. Obama himself claiming it wasn't as shovel ready as they had expected, no centralized government policy could have met their expectations. The Hope and Change was Smoke and Mirrors.

Peter1469
03-08-2019, 07:36 PM
As any fool could tell you, that's different.

It's the same with unemployment numbers.

No one seems to bring up the U6 numbers any more.

I wonder why that is?

I do.

Peter1469
03-08-2019, 07:37 PM
Isn’t that where we are now?

It appears that way. Whether looking at U-3 or U-6.

Docthehun
03-09-2019, 09:48 AM
Perhaps you don't refer to your own proposed job growth as "shovel ready" should you not want the quality of that proposed job growth questioned. What they did was throw Stimulus and Quantitative Easing and slap labels on it like Summer of Recovery, it all never materialized. Obama himself claiming it wasn't as shovel ready as they had expected, no centralized government policy could have met their expectations. The Hope and Change was Smoke and Mirrors.

I know from experience that "shovel ready" simply doesn't happen in the real world, but I have no problem understanding that someone without the real world exposure might not understand. Locally, we only get projects "shovel ready" when the funding's in place. We don't have the dough to spend on events that "might" take place. On this specific issue, it's something I would expect that Trump would have known, Obama not.

The economy was in shambles when Obama took over, intrenched in two unfunded, trillion dollar wars. So I give him credit for getting the huge boat moving forward and credit to Trump for keeping it rolling. But I also recognize, despite some of the comments, not everyone is sharing in our good fortune. Despite a 3.4% wage growth clip, core inflation is running about 2%, putting you only up something in the neighborhood of 1.5%. That's not exactly moving up the ladder very quick. The real winners, go figure, are those with really deep pockets. How in the hell did that happen? Someone swore they were going be looking out for the "Average Joes"; what the hell happened?

So don't be writing what's "smoke and mirrors" before we get to that "look back" period. I'm willing to wait and see how it all plays out.

Chris
03-09-2019, 10:22 AM
I do.


The government does as well...

https://i.snag.gy/WJhmLe.jpg

Alexa: :dang:

Peter1469
03-09-2019, 10:44 AM
I know from experience that "shovel ready" simply doesn't happen in the real world, but I have no problem understanding that someone without the real world exposure might not understand. Locally, we only get projects "shovel ready" when the funding's in place. We don't have the dough to spend on events that "might" take place. On this specific issue, it's something I would expect that Trump would have known, Obama not.

The economy was in shambles when Obama took over, intrenched in two unfunded, trillion dollar wars. So I give him credit for getting the huge boat moving forward and credit to Trump for keeping it rolling. But I also recognize, despite some of the comments, not everyone is sharing in our good fortune. Despite a 3.4% wage growth clip, core inflation is running about 2%, putting you only up something in the neighborhood of 1.5%. That's not exactly moving up the ladder very quick. The real winners, go figure, are those with really deep pockets. How in the hell did that happen? Someone swore they were going be looking out for the "Average Joes"; what the hell happened?

So don't be writing what's "smoke and mirrors" before we get to that "look back" period. I'm willing to wait and see how it all plays out.

Inflation is higher than it should be because of our deficit spending.

Tahuyaman
03-09-2019, 12:49 PM
The Trump economy roars on defying all predictions by the Left. Stock Market way up. Growth solid. Unemployment at record lows including for minorities. The Left...hates this. Trump is more a leader and more Presidential, he examples what a poor and incompetent President Obama was. Trump 2020
I wouldn’t say that the economy is “roaring”, but we are in a much better place than we have been in the recent past.

Ransom
03-09-2019, 05:31 PM
I know from experience that "shovel ready" simply doesn't happen in the real world, but I have no problem understanding that someone without the real world exposure might not understand. Locally, we only get projects "shovel ready" when the funding's in place. We don't have the dough to spend on events that "might" take place. On this specific issue, it's something I would expect that Trump would have known, Obama not.

No Sir, I cannot agree and I think Trump knew just the opposite of your assertion there. That there ARE shovel ready jobs. There are jobs in manufacturing. In construction. On farms. There are shovel ready jobs. There are opportunities in Construction, in manufacturing, in real estate development. If you get the fck out of the way! Quit trying to stimulus from the top, stimulus from the bottom, docthehun, exactly like Trump did. His tax cuts and regulation cuts directly affected small businesses that hire workers ready to shovel. You get that, right?

What happened to the 787 billion by the way of Obama's Stimulus? Roads still in shambles, cities still crumbling, bridges still falling, where did all that money go? To get Obama re-elected in 2012 what it was used for of you ask me.


The economy was in shambles when Obama took over, intrenched in two unfunded, trillion dollar wars. So I give him credit for getting the huge boat moving forward and credit to Trump for keeping it rolling. But I also recognize, despite some of the comments, not everyone is sharing in our good fortune. Despite a 3.4% wage growth clip, core inflation is running about 2%, putting you only up something in the neighborhood of 1.5%. That's not exactly moving up the ladder very quick. The real winners, go figure, are those with really deep pockets. How in the hell did that happen? Someone swore they were going be looking out for the "Average Joes"; what the hell happened?

When he took over as what, Senator? I always question this analysis claiming Obama inherited a mess, he was a member of the Senate passing much of these measures, indeed was involved in the bailouts and packages saving auto companies.


So don't be writing what's "smoke and mirrors" before we get to that "look back" period. I'm willing to wait and see how it all plays out.
Sir....the Hope and Change was Smoke and Mirrors. Was his jingle to get you all to pay attention. You fell for that no doubt.

Peter1469
03-09-2019, 07:02 PM
We need to fix the government procurement process, in particular with fixing infrastructure. The main goal of government procurement is full and open competition. I say screw that. Get my project done now at a fair price, and if you screw it up I will ruin your company and family.

Then we can get this stuff built fast and good.

jimmyz
03-09-2019, 09:07 PM
I have had to prove to DFAS that my quoted prices are competitive for aerospace products. A process that felt like a trial by prosecutors.

Docthehun
03-10-2019, 09:30 AM
I appreciate your civility and I'd like to think that would continue. Thank you.

To clarify one thing, once again. I'm a lifetime Republican that doesn't always support the party line and, like most people, can't stand hypocrites. Those I find on both sides of the aisle, unfortunately my Party seems to hold the majority at present. In any case, I generally call it like I see it and let the chips fall where they may. I sleep good

and, least I forget, I voted FOR the Republican nominee for POTUS as I had promised I would.

Peter1469
03-10-2019, 09:50 AM
I appreciate your civility and I'd like to think that would continue. Thank you.

To clarify one thing, once again. I'm a lifetime Republican that doesn't always support the party line and, like most people, can't stand hypocrites. Those I find on both sides of the aisle, unfortunately my Party seems to hold the majority at present. In any case, I generally call it like I see it and let the chips fall where they may. I sleep good

and, least I forget, I voted FOR the Republican nominee for POTUS as I had promised I would.
I left the GOP in 2006 because they were spending like drunken dems. I have not seen a reason to come back.

Ransom
03-10-2019, 10:47 AM
I left the GOP in 2006 because they were spending like drunken dems. I have not seen a reason to come back.

You'll vote Trump in 2020, surely?

Peter1469
03-10-2019, 10:53 AM
You'll vote Trump in 2020, surely?
I don't vote (R). Haven't since 2006.

Ransom
03-10-2019, 01:16 PM
I don't vote (R). Haven't since 2006.
That doesn't change the fact that you'll vote Trump in 2020...and so will I.

Peter1469
03-10-2019, 02:20 PM
That doesn't change the fact that you'll vote Trump in 2020...and so will I.

Incorrect. Trump doesn't veto these deficit busting spending bills.

Ransom
03-10-2019, 07:33 PM
Incorrect. Trump doesn't veto these deficit busting spending bills.
Cause that's not realistic Peter. And quit blaming the spending on the President, any President seated today faces crippling unfunded mandates and you and I know it.