The Question No PROG Will Dare Answer

[Toro]

How fucking stupid do you have to be to post here? Seriously, you're an idiot of EPIC proportions.....Did the financial crisis have anything to do with the debt? Play your girlie games down in the food or music section....you have no business in this thread. Give a NUMBER of get the fuck out of it, pinhead.

The financial crisis had nothing to do with the national debt.

If you think it did, explain how.

`

What the FUCK is the matter with you? We've lost almost 8,000,000 JOBS since the crash in 2008.

http://money.cnn.com/2010/07/02/news/economy/jobs_gone_forever/index.htm

Those were TAXPAYERS that are no longer PAYING TAXES. I know you have no background, training, or even interest in economics....so what are you doing here?

My background? I have an MBA, a CFA, an honours business degree majoring in finance and economics, have worked for nearly 20 years in capital markets, and run an institutional investment department that oversees a large pool of capital.

And you clearly are incoherent and have little understanding of economics and financial markets.

 

[Unkotare]

The financial crisis had nothing to do with the national debt.

If you think it did, explain how.

`

What the FUCK is the matter with you? We've lost almost 8,000,000 JOBS since the crash in 2008.

7.9 million jobs lost, many forever - Jul. 2, 2010

Those were TAXPAYERS that are no longer PAYING TAXES. I know you have no background, training, or even interest in economics....so what are you doing here?

My background? I have an MBA, a CFA, an honours business degree majoring in finance and economics, have worked for nearly 20 years in capital markets, and run an institutional investment department that oversees a large pool of capital.

And you clearly are incoherent and have little understanding of economics and financial markets.

You're an American now. Stop throwing that extra "u" in there like that!

 

[Rshermr]

The financial crisis had nothing to do with the national debt.

If you think it did, explain how.

`

What the FUCK is the matter with you? We've lost almost 8,000,000 JOBS since the crash in 2008.

7.9 million jobs lost, many forever - Jul. 2, 2010

Those were TAXPAYERS that are no longer PAYING TAXES. I know you have no background, training, or even interest in economics....so what are you doing here?

My background? I have an MBA, a CFA, an honours business degree majoring in finance and economics, have worked for nearly 20 years in capital markets, and run an institutional investment department that oversees a large pool of capital.

And you clearly are incoherent and have little understanding of economics and financial markets.

Yeah, but Bull has learned how to read. And now knows how to spell math. He knows how to count to 10. So, what is all this schooling thing. Bull does not believe in education. He finds all the answers he likes in the bat shit crazy con web sites. And hell, if he does not like the answer, he just changes it to fit his agenda. Now, has your education taught you how to do that???

 

[Rshermr]

You really should pay more attention...the article you link to is dated July 2010 (latest data were for June.
We've gained 6 million jobs back since then.

NO, we have not.

No? We haven't gained 6 million jobs since June 2010?

June 2010, 130,094,000 non farm payroll jobs
August 2013, 136,133,000 jobs
Now find someone who can count past 10 without taking their shoes off to do the math tor you. How many jobs have been gained since June 20 10?
Next time don't assume everyone's as stupid as you and that you can use deceptive figures.

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

 

[percysunshine]

Doing the math:

 

[eagle1462010]

FINANCIAL IMPLOSION: Global Derivatives Market at $1,200 Trillion Dollars ? 20 Times the World Economy | Global Research

Top Derivatives Expert Estimates Size of the Global Derivatives Market at $1,200 Trillion Dollars … 20 Times Larger than the Global Economy

But as [Tyler] Durden – who has a solid background in derivatives – notes:

At this point the economist PhD readers will scream: “this is total BS – after all you have bilateral netting which eliminates net bank exposure almost entirely.” True: that is precisely what the OCC will say too. As the chart below shows, according to the chief regulator of the derivative space in Q2 netting benefits amounted to an almost record 90.8% of gross exposure, so while seemingly massive, those XXX trillion numbers are really quite, quite small… Right?

…Wrong. The problem with bilateral netting is that it is based on one massively flawed assumption, namely that in an orderly collapse all derivative contracts will be honored by the issuing bank (in this case the company that has sold the protection, and which the buyer of protection hopes will offset the protection it in turn has sold). The best example of how the flaw behind bilateral netting almost destroyed the system is AIG: the insurance company was hours away from making trillions of derivative contracts worthless if it were to implode, leaving all those who had bought protection from the firm worthless, a contingency only Goldman hedged by buying protection on AIG. And while the argument can further be extended that in bankruptcy a perfectly netted bankrupt entity would make someone else whole on claims they have written, this is not true, as the bankrupt estate will pursue 100 cent recovery on its claims even under Chapter 11, while claims the estate had written end up as General Unsecured Claims which as Lehman has demonstrated will collect 20 cents on the dollar if they are lucky.

The point of this detour being that if any of these four banks fails, the repercussions would be disastrous. And no, Frank Dodd’s bank “resolution” provision would do absolutely nothing to prevent an epic systemic collapse.

comment

I sure hope they don't pass gas again. Creating TRILLIONS from FUCKING NOTHING. Driving up prices to everyone, and saying............."IT'S GOOD FOR YOU". Then they talk about NOTIONAL VALUES.

They really don't mean anything until someone fucks up and payment is due. Then TRILLIONS IN BAILOUT via the Fed to PUMP UP THE BUBBLE MACHINE made from FIAT CURRENCY and BULLSHIT PAPER DERIVATIVES.

Which is exactly why we don't have an economic massive recovery right now. Hell our economy sucks, but the Markets continue to bloom, just as before.

When the market farts again, it will again cause misery to the people by the same assholes who did it again.

They will also say MARGIN CALL, and it could be raised. No MARGIN CAN GUARANTEE THE SAFETY OF THE FINANCIAL MARKETS AT LEVELS BEYOND OBSURD.

The Markets FUCKED OVER THE PEOPLE LAST TIME, and will do so again.

 

[eagle1462010]

The Great American Bubble Machine | Politics News | Rolling Stone

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.

Invasion of the Home Snatchers

By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup — which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multi-billion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden-parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York — which, incidentally, is now in charge of overseeing Goldman — not to mention


comment

MATT TAIBBI explains the BS, and this is from a very liberal magazine.

 

[eagle1462010]

Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt - SPIEGEL ONLINE

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

The Financial Collapse Of Greece: The Canary In The Coal Mine For The Global Economy?

he Financial Collapse Of Greece: The Canary In The Coal Mine For The Global Economy?
By Michael Snyder, on June 20th, 2011

he rest of the world needs to sit up and take notice of what is going on in Greece right now. This is what can happen when you allow government debt to spiral out of control. Once it becomes clear that you can't pay your debts, a financial collapse can happen very suddenly and you start losing your sovereignty to those that you must turn to for financial help. So is the financial collapse of Greece the "canary in the coal mine" for the global economy? EU finance ministers have given the Greek government two weeks from Monday to approve another round of brutal austerity measures. If the austerity measures are not approved, Greece will not receive the next bailout installment of 12 billion euros. If that happens, the whole globe better buckle up because it is going to get crazy.

 

[eagle1462010]

The same guys in here will say that Greece's collapse due to debt doesn't matter here, because we can print our own money, and the Greeks couldn't print their own money.

Goldman came in and got paid to hide THEIR DEBT, aka Derivatives. It worked out really well for Greece didn't it.............................

 

[eagle1462010]

How Argentina Descended Into Poverty | America In Chains


Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts.

With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like our Social Security and Medicare programs.

Under Perón, the size of government bureaucracies exploded through massive programs of social spending and by encouraging the growth of labor unions.

High taxes and economic mismanagement took their inevitable toll even after Perón had been driven from office. But his populist rhetoric and “contempt for economic realities” lived on.

Argentina’s federal government continued to spend far beyond its means.

Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy…”

The Argentinean government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3000%, reminiscent of the Weimar Republic. Food riots were rampant; stores were looted; the country descended into chaos.

comment

Let's ignore how other countries fell to the very path we are on now.
Let's ignore that our founding fathers warned us to stay off this path.
Let's ignore the historical failures of pure Demacracies, which is exactly why we are supposed to be a Republic.
Let's ignore the fact that the Markets GAMBLED THEIR ASSES off and TANKED AMERICA.
Let's ignore the MASSIVE VOLUMES OF DERIVATIVES IN PLAY NOW without real assets to cover them.

Simply let's ignore everything and PARTY OUR ASSES OFF as we destroy our country.

 

[eagle1462010]

NO, we have not.

No? We haven't gained 6 million jobs since June 2010?

June 2010, 130,094,000 non farm payroll jobs
August 2013, 136,133,000 jobs
Now find someone who can count past 10 without taking their shoes off to do the math tor you. How many jobs have been gained since June 20 10?
Next time don't assume everyone's as stupid as you and that you can use deceptive figures.

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

How Fucking Quaint...............

Cherry picking data for years that suck at unemployment showing improvement.

Perhaps next time you can pick only 1 month that shows how great it is now.

First, what source did you get this from that cherry picked the data, if it is even true.

Secondly, I've posted TREASURY DATA AND BLS DATA to prove my points.

The Employment Ratio percentage in 35 years...........

Hmmmmmmmmmmm...........Who was the President then....................

Oh yeah PEANUT HEAD. Nice economy back then wasn't it.............Obama wanted to be like Carter I guess as one of the worst Presidents in our history. Economically, he's an utter IDIOT.

But please continue to lie your asses off Libs.

 

[eagle1462010]

G-20 Must Freeze The $1.5 Quadrillion Derivatives Bubble

Derivatives were illegal in the United States between 1936 and 1983. In 1933, an attempt was made to corner the wheat futures market using options, and the resulting outcry led to a 1936 federal law banning such options on farm commodity markets. This ban was repealed by the Futures Trading Act of 1982, signed by President Reagan in January 1983. During the G.H.W. Bush administration, Wendy Gramm of the Commodity Future Trading Commission went further, promising a "safe harbor" for derivatives. Despite the key role of derivatives in the Orange County disaster during the Clinton years, a valiant attempt by Brooksley Born of the CFTC to make derivatives reportable and subject to regulation was defeated by a united front of Robert Rubin, Larry Summers (today running US economic policy), and Greenspan. Despite the central role of $1 trillion of derivatives in the Long Term Capital Management debacle of 1998, Phil Gramm's Commodity Futures Modernization Act of 2000 guaranteed that derivatives, notably credit default swaps, would remain totally unregulated. These pro-derivatives forces must bear responsibility for the current depression, and those still in power must be ousted

The Bernanke-Bush-Paulson-Obama-Geithner policy pursued by the United States, which amounts to a $10 trillion (Fed and Treasury) effort to bail out the world derivatives bubble on the backs of taxpayers, can only make the depression worse, will never lead to an economic recovery, and must therefore he rejected. Krugman is right: "zombie ideas" rule Obama's Washington. The Fed's TALF amounts to subsidies for securitization, meaning more derivatives. The derivatives bailout was pioneered by Gordon Brown, Alistair Darling, and Mervyn King in the case of Northern Rock. These efforts are doomed to costly futility. The $1.5 quadrillion derivatives bubble is comparable to the black holes of astrophysics, those artifacts of gravity collapse which will irresistably suck in all matter that comes near them. It compares to a world GDP of a mere $55 trillion, itself a figure inflated by financial speculation.


The derivatives are the black holes of financial engineering, and can easily consume all the physical wealth and all the money in the world, and still be bankrupt. Gordon Brown's demand of $500 billion for the IMF is enough to bankrupt several nations, but pitifully inadequate to deal with the derivatives. They can only be dealt with by re-regulation -- a quick freeze, leading to extinction and permanent illegality. We reject Brown's IMF world derivatives dictatorship.

Derivatives pose the question of fictitious capital -- financial instruments created outside of the realm of production, and which destroy production. In 1931-2, fictitious capital appeared as tens of billions of dollars of reparations imposed on Germany, plus the war debts owed by Britain and France to the United States. These debts strangled world production and world trade. Bankers and statesmen tried desperately to maintain these debt structures. But US President Herbert Hoover proposed the Hoover Moratorium of 1931-1932, a temporary freeze on all these payments. The Lausanne Conference of June 1932 was the last chance to wipe out the debt permanently. But the Lausanne Conference failed to act decisively, and passed the buck. By the end of 1932, there was near-universal default on reparations and war debts anyway. And by January 1933, Hitler had seized power. We urge the London G-20 to defend world civilization against derivatives. It is time to lift the crushing weight of derivatives from the backs of humanity before the world economy and the major nations collapse into irreversible chaos and war, as seen during the 1930s.

 

[eagle1462010]

Derivatives are a house of cards. They create a monumental house that doesn't really have any value. The cards get's stacked and floors upon floors are created. It soon goes from your kitchen table to the ceiling, TRULY THE 8TH WONDER OF THE WORD, but then disaster.

People start moving the cards on bottom causing the house of cards to fall. Those on the top of the PYRAMID SCHEME fail miserably. Bear Sterns was on top as was AIG, etc............They took a hell of a fall when the house of cards fell down.

And AMERICANS NOT INVOLVED PAYED FOR IT.

The House of cards is built again, aka the Derivatives Bubble. I HOPE YOU ASSHOLES MAKING MONEY ON THIS PYRAMID SCHEME don't pull out the cards at the bottom again.

 

[Rshermr]

No? We haven't gained 6 million jobs since June 2010?

June 2010, 130,094,000 non farm payroll jobs
August 2013, 136,133,000 jobs
Now find someone who can count past 10 without taking their shoes off to do the math tor you. How many jobs have been gained since June 20 10?
Next time don't assume everyone's as stupid as you and that you can use deceptive figures.

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

How Fucking Quaint...............

Cherry picking data for years that suck at unemployment showing improvement.

Perhaps next time you can pick only 1 month that shows how great it is now.

First, what source did you get this from that cherry picked the data, if it is even true.

Secondly, I've posted TREASURY DATA AND BLS DATA to prove my points.

The Employment Ratio percentage in 35 years...........

Hmmmmmmmmmmm...........Who was the President then....................

Oh yeah PEANUT HEAD. Nice economy back then wasn't it.............Obama wanted to be like Carter I guess as one of the worst Presidents in our history. Economically, he's an utter IDIOT.

But please continue to lie your asses off Libs.

Uh, eagle. You are attacking me for Pinqy's post. Again showing how stupid you really are. Now, Pinqy was exactly correct, and if he chooses to respond. you just laid your neck across the block again. But I'l let Pinqy execute you. Again.
You are so easy, eagle. Must be a pit being stupid.

 

[pinqy]

No? We haven't gained 6 million jobs since June 2010?

June 2010, 130,094,000 non farm payroll jobs
August 2013, 136,133,000 jobs
Now find someone who can count past 10 without taking their shoes off to do the math tor you. How many jobs have been gained since June 20 10?
Next time don't assume everyone's as stupid as you and that you can use deceptive figures.

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

How Fucking Quaint...............

Cherry picking data for years that suck at unemployment showing improvement.

Huh? Follow the conversation...Bull used a 2010 article to claim we had lost 7.9 million jobs since 2008 (which was true at the time). I pointed out that since that article had been written, we have gained 6 million jobs. I showed him wrong using the data for 2010 to present...that's the only relevant data...not sure what other years would be relevant when we were installing about 2010-2013.

First, what source did you get this from that cherry picked the data, if it is even true.

BLS, of course, series report CES0000000001

The Employment Ratio percentage in 35 years...........

I assume you mean the lowest employment-population ratio in 35 years.

Hmmmmmmmmmmm...........Who was the President then....................

Oh yeah PEANUT HEAD. Nice economy back then wasn't it...

Not particularly, but apparently you don't realize that the emp-pop ratio then was the highest ever to that point. Surely you're not claiming we're better off than any time before 1978?
And that the emp-pop ratio reached its peak in 2000 (under Clinton) then declined. It went up again 2003-2007, but dropped again after that...it's stabilized some,
Series LNS 12300000

You can access the series reports at BLS Series Report : U.S. Bureau of Labor Statistics

 

[eagle1462010]

Derivatives - The Unregulated Global Casino for Banks

Here's some of the key players in Derivatives with pictures.....................

These same assholes are part of the Federal Reserve

And this is what they do to us...............

Who Owns The Federal Reserve? | Global Research

1. The Fed is privately owned.

Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.

2. The fact that the Fed does not get “appropriations” from Congress basically means that it gets its money from Congress without congressional approval, by engaging in “open market operations.”

Here is how it works: When the government is short of funds, the Treasury issues bonds and delivers them to bond dealers, which auction them off. When the Fed wants to “expand the money supply” (create money), it steps in and buys bonds from these dealers with newly-issued dollars acquired by the Fed for the cost of writing them into an account on a computer screen. These maneuvers are called “open market operations” because the Fed buys the bonds on the “open market” from the bond dealers. The bonds then become the “reserves” that the banking establishment uses to back its loans. In another bit of sleight of hand known as “fractional reserve” lending, the same reserves are lent many times over, further expanding the money supply, generating interest for the banks with each loan. It was this money-creating process that prompted Wright Patman, Chairman of the House Banking and Currency Committee in the 1960s, to call the Federal Reserve “a total money-making machine.” He wrote:

“When the Federal Reserve writes a check for a government bond it does exactly what any bank does, it creates money, it created money purely and simply by writing a check.”

3. The Fed generates profits for its shareholders.

The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered “for profit” corporations.

In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their “reserves.” The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in “reserve” can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total “loans and leases in bank credit” as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.

The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-powerful independent private central bank, even when those interests may be opposed to the taxpayers’ — for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to collapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.

If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. Among other benefits to the taxpayers. a truly “federal” Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades.

comment

The assholes at the Federal Reserve charge us to create money out of thin air. A power granted by the Constitution of the United States.

So why the fuck should we pay them 6% interest plus the 10% fee at all....................

End the Federal Reserve......................

And end the Laundering of our Tax Dollars by those who charge us for creating money out of thin air. We were given that power by the Constitution, and are being RAPED by the same assholes that crashed the system.

 

[Billo_Really]

Derrivitives are at the root of all evil in the world.

 

[eagle1462010]

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

How Fucking Quaint...............

Cherry picking data for years that suck at unemployment showing improvement.

Perhaps next time you can pick only 1 month that shows how great it is now.

First, what source did you get this from that cherry picked the data, if it is even true.

Secondly, I've posted TREASURY DATA AND BLS DATA to prove my points.

The Employment Ratio percentage in 35 years...........

Hmmmmmmmmmmm...........Who was the President then....................

Oh yeah PEANUT HEAD. Nice economy back then wasn't it.............Obama wanted to be like Carter I guess as one of the worst Presidents in our history. Economically, he's an utter IDIOT.

But please continue to lie your asses off Libs.

Uh, eagle. You are attacking me for Pinqy's post. Again showing how stupid you really are. Now, Pinqy was exactly correct, and if he chooses to respond. you just laid your neck across the block again. But I'l let Pinqy execute you. Again.
You are so easy, eagle. Must be a pit being stupid.

I was attacking you both for being ignorant Libs as usual. You have ignored the data from the BLS and Treasury I posted.

Purposely because it's against your BS position. Obama and the Dems have one of the worst economies since Carter. While it started bad because of the Market crash, you've had 5 years and Trillions of dollars to bring it back.

But you haven't, and so you post cherry picked data to TELL A LIE. Typical of you guys, as you ignore data from the feds and don't even post the source of your time limited info.

 

[eagle1462010]

labor force participation at lowest level since 1978 - Sep. 6, 2013

The official U.S. unemployment rate is falling, but that's not necessarily a good thing.
That's because the slice of Americans involved in the labor force has shrunk to a level not seen in 35 years.

The labor force participation rate -- the percentage of people over 16 who either have a job or are actively searching for one -- fell to 63.2% in August. The last time it was that low was in August of 1978.
In the latter half of the 20th century, the rate rose steadily for decades as more women were entering the workforce, eventually peaking at 67.3% in 2000. But the number has been on the decline ever since -- a trend that was accelerated by the Great Recession.

 

[eagle1462010]

But....But....But that's not what bull was told to believe. And it's not what he wants to believe. Soooooo, he just does not believe it.

How Fucking Quaint...............

Cherry picking data for years that suck at unemployment showing improvement.

Huh? Follow the conversation...Bull used a 2010 article to claim we had lost 7.9 million jobs since 2008 (which was true at the time). I pointed out that since that article had been written, we have gained 6 million jobs. I showed him wrong using the data for 2010 to present...that's the only relevant data...not sure what other years would be relevant when we were installing about 2010-2013.



BLS, of course, series report CES0000000001

The Employment Ratio percentage in 35 years...........

I assume you mean the lowest employment-population ratio in 35 years.

Hmmmmmmmmmmm...........Who was the President then....................

Oh yeah PEANUT HEAD. Nice economy back then wasn't it...

Not particularly, but apparently you don't realize that the emp-pop ratio then was the highest ever to that point. Surely you're not claiming we're better off than any time before 1978?
And that the emp-pop ratio reached its peak in 2000 (under Clinton) then declined. It went up again 2003-2007, but dropped again after that...it's stabilized some,
Series LNS 12300000

You can access the series reports at BLS Series Report : U.S. Bureau of Labor Statistics

Thank you for proving my point of Reagan. Notice the downward spike under Carter..........................

Notice the upward spike under Reagan............................

While Obama wasn't in office in the crash of 2008, his policies are failing to turn the spike upward..................

What we needed was another Reagan not another Carter to fix this mess.