Unemployment falls to 8.3%

[jreeves]

Spout and pout, little teapot, all you want: but go read the polls. Most of what you have written is not true, and the rest is not worthy. Get your act together, kiddo.

Maybe you could point out exactly what is not true? If not then you wouldn't mind me telling you to

Because the numbers are going down, manufacturing and job creation is going up, and Bush lost all of those jobs, did he not? I want a GOP president, but you are not going about it in a way that is not going to get your pins cut out from under you. Try again.

Bush didn't lose all those jobs, Obama has. Check the numbers Bush has positive growth creation while Obama has a huge deficit of job creation.

 

[Neotrotsky]

From Sun Oct 23, 2011 3:20pm ED?

Does that make it less true?

But if you insist
I know it is "hard" for you to not defend or diffuse for the left


U.S. Faces S&P Downgrade Again Feb8 2012

 

[JakeStarkey]

Maybe you could point out exactly what is not true? If not then you wouldn't mind me telling you to

Because the numbers are going down, manufacturing and job creation is going up, and Bush lost all of those jobs, did he not? I want a GOP president, but you are not going about it in a way that is not going to get your pins cut out from under you. Try again.

Bush didn't lose all those jobs, Obama has. Check the numbers Bush has positive growth creation while Obama has a huge deficit of job creation.

750,000 the first month and horrible thereafter for a long time. Yeah, Bush gets the credit, and, no, only a fool would blame it on Obama.

Doesn't work that way for thinking Americans, kiddo.

 

[Neotrotsky]

Only a fool would believe that Papa Obama
deserves no blame after passing his Pork Bill

which was to stop unemployment from going past 8 percent


Only the Left tries to blame Bush for all the increase
and give Papa Obama all the credit for the small decrease '

 

[JakeStarkey]

Are we talking about the Cause before or the Cause after, Neo?

No more than 8%. Turned out the Cause before was much, much, much worse than originally realized, and most of America has no love at all more than three years later for the bushie years.

 

[jreeves]

Because the numbers are going down, manufacturing and job creation is going up, and Bush lost all of those jobs, did he not? I want a GOP president, but you are not going about it in a way that is not going to get your pins cut out from under you. Try again.

Bush didn't lose all those jobs, Obama has. Check the numbers Bush has positive growth creation while Obama has a huge deficit of job creation.

750,000 the first month and horrible thereafter for a long time. Yeah, Bush gets the credit, and, no, only a fool would blame it on Obama.

Doesn't work that way for thinking Americans, kiddo.

If you read back through my posts kiddo, I stated that this is Obama's economy. If you don't believe me listen to him.

[ame=http://www.youtube.com/watch?v=CCN5-ovvFL0]FLASHBACK: Obama: My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3 Years - YouTube[/ame]

He has spent trillions of dollars with no change in unemployment since his arrival as President.

 

[Neotrotsky]

Are we talking about the Cause before or the Cause after, Neo?

No more than 8%. Turned out the Cause before was much, much, much worse than originally realized, and most of America has no love at all more than three years later for the bushie years.

Just the excuses the Left makes

US trade deficit reaches six-month high

 

[Neotrotsky]

Bush didn't lose all those jobs, Obama has. Check the numbers Bush has positive growth creation while Obama has a huge deficit of job creation.

750,000 the first month and horrible thereafter for a long time. Yeah, Bush gets the credit, and, no, only a fool would blame it on Obama.

Doesn't work that way for thinking Americans, kiddo.

If you read back through my posts kiddo, I stated that this is Obama's economy. If you don't believe me listen to him.

[ame=http://www.youtube.com/watch?v=CCN5-ovvFL0]FLASHBACK: Obama: My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3 Years - YouTube[/ame]

He has spent trillions of dollars with no change in unemployment since his arrival as President.

Don't worry Jake will diffuse it for us

It is all part of his plan to get the GOP back in the White House

 

[Ropey]

So, let's keep an eye on it. Ten steps back and one forward is not enough. Let's get some monthly gains first.

 

[Neotrotsky]

Sadly, this may not be the case

CBO projects $1.08 trillion deficit, 8.9 percent jobless rate in 2012

The Congressional Budget Office on Tuesday predicted the deficit will rise to $1.08 trillion in 2012.
The office also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013.
​

 

[Vast LWC]

Sadly, this may not be the case

CBO projects $1.08 trillion deficit, 8.9 percent jobless rate in 2012

The Congressional Budget Office on Tuesday predicted the deficit will rise to $1.08 trillion in 2012.
The office also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013.
​

That assessment was written before the newest figures came out.

In fact, there were several articles written recently about the fact that the CBO was specifically having second thoughts on their numbers due to the new data.

 

[Neotrotsky]

Obama budget to miss deficit goal

 

[JakeStarkey]

Good work, Neo. And we can see where the responsiblity will be for avoiding it. From your article from"The Hill."

Gross federal debt would rise from $14.8 trillion at the end of 2011 to $21.7 trillion under CBO's projections.

The CBO uses a “current policy” baseline that assumes the Bush-era tax rates will not be extended after 2013, however.

The deficit will be much higher if Congress takes several actions that many expect.

If the Bush tax rates are extended, for example, the deficit would rise.

It would rise if Congress patches the Alternative Minimum Tax, which lawmakers have routinely done to prevent higher taxes from being imposed on middle class taxpayers.

It would also rise if Congress continues to pass the “doc fix” that prevents a cut to Medicare payments to doctors, something that Congress has done on a near-annual basis.

Finally, if Congress does not follow through on cuts mandated by the failure of the supercommittee, the deficit will grow. Lawmakers are already talking about canceling scheduled cuts to the Pentagon’s budget.

In the “alternative fiscal scenario” where these things happen the gross federal debt rises to $29.4 trillion by 2022.

The House and the Senate better get off their collective ass and get to work, or the President is going to point at a "do nothing" Congress.

Thanks for bringing this to our attention.

 

[dualgetter]

Hey, I'm so busy its sickening.. Driven day and night. Finally got a few days off.

 

[Neotrotsky]

"Thanks for bringing this to our attention."

not a problem

Yes
by the way
Speaking of "do nothing"

Back in 2010 they had both houses and did not pass a budget

It’s been more than 1,000 days since the Democrats in the Senate have passed a budget

And yet the White House has no opinion on this
Funny how that works

[ame="http://www.youtube.com/watch?v=3spHkVua-ko"]http://www.youtube.com/watch?v=3spHkVua-ko[/ame]


Diffuse that for us as part of your "plan" to win back the White House

 

[saveliberty]

Good work, Neo. And we can see where the responsiblity will be for avoiding it. From your article from"The Hill."

Gross federal debt would rise from $14.8 trillion at the end of 2011 to $21.7 trillion under CBO's projections.

The CBO uses a “current policy” baseline that assumes the Bush-era tax rates will not be extended after 2013, however.

The deficit will be much higher if Congress takes several actions that many expect.

If the Bush tax rates are extended, for example, the deficit would rise.

It would rise if Congress patches the Alternative Minimum Tax, which lawmakers have routinely done to prevent higher taxes from being imposed on middle class taxpayers.

It would also rise if Congress continues to pass the “doc fix” that prevents a cut to Medicare payments to doctors, something that Congress has done on a near-annual basis.

Finally, if Congress does not follow through on cuts mandated by the failure of the supercommittee, the deficit will grow. Lawmakers are already talking about canceling scheduled cuts to the Pentagon’s budget.

In the “alternative fiscal scenario” where these things happen the gross federal debt rises to $29.4 trillion by 2022.

The House and the Senate better get off their collective ass and get to work, or the President is going to point at a "do nothing" Congress.

Thanks for bringing this to our attention.

We are shelling out a lot more dough in unemployment benefit extentions than the tax break costs us.

 

[Neotrotsky]

Saveliberty

our problems are really even bigger


Three Little Pigs: How Entitlements Will Destroy Us

Our national debt recently topped the $13 trillion mark. That amounts to nearly 90% of this country's GDP; $72,000 in debt for every household in America
Now add Medicaid, Medicare and Social Security, and Obama's 2011 budget has a $1.27 trillion deficit. It's the entitlements, stupid.

Nor can you tax your way out of debt. Eliminate all of the Bush tax cuts, including the tax cuts for low- and middle-income Americans, and you would reduce the debt by perhaps 10% — assuming you didn't cripple the economy in the process. Tax the rich? That won't get you there either. In fact, according to the Congressional Budget Office, in order to pay for all currently scheduled federal spending would require raising both the corporate tax rate and top income tax rate from their current 35% to 88%, the current 25% tax rate for middle-income workers to 63%, and the 10% tax bracket for low-income workers to 25%

There is simply no way to control our debt without getting serious about reforming entitlements.

Truth is hard for the Left; in fact, it is their worst enemy
-----------------------------------

Don't worry comrade

There may be a way for us to finance our Progressive Utopia and it will cost us nothing

 

[pinqy]

It's all lies but you have no problem repeating them do you ?
You've posted that how many times 15 or 20?

Almost as many times as you've falsely claimed that people no longer receiving UI benefits aren't counted as unemployed.

Holy shit do we have to go back to the link I post? do we have to go through the whole process again? I will.

Take a different approach. Go to the Technical Note for the employment Situation and cut and paste the part that supports your claim. Oh, wait, it won't. Just like you knew better than to email or call BLS to confirm.

If a person exhaust their benefits and cannot find a job, What does the state call them?

Who cares? Nothing to do with the UE calculations.

Employed or unemployed or does the state keep a record of them since they will no longer report their work search to the state because they are no longer receiving benefits?

Who cares? Nothing to do with the UE calculations. A survey is used instead. Maybe you should read the full BLS link where it explains all that

 

[Neotrotsky]

Good work, Neo. And we can see where the responsiblity will be for avoiding it. From your article from"The Hill."

Gross federal debt would rise from $14.8 trillion at the end of 2011 to $21.7 trillion under CBO's projections.

The CBO uses a “current policy” baseline that assumes the Bush-era tax rates will not be extended after 2013, however.

The deficit will be much higher if Congress takes several actions that many expect.

If the Bush tax rates are extended, for example, the deficit would rise.

It would rise if Congress patches the Alternative Minimum Tax, which lawmakers have routinely done to prevent higher taxes from being imposed on middle class taxpayers.

It would also rise if Congress continues to pass the “doc fix” that prevents a cut to Medicare payments to doctors, something that Congress has done on a near-annual basis.

Finally, if Congress does not follow through on cuts mandated by the failure of the supercommittee, the deficit will grow. Lawmakers are already talking about canceling scheduled cuts to the Pentagon’s budget.

In the “alternative fiscal scenario” where these things happen the gross federal debt rises to $29.4 trillion by 2022.

The House and the Senate better get off their collective ass and get to work, or the President is going to point at a "do nothing" Congress.

Thanks for bringing this to our attention.

We are shelling out a lot more dough in unemployment benefit extentions than the tax break costs us.

Good thing, people have dropped out of the workforce
it would even be worse

According to CBO: Jan 2012

Participation in the Labor Force. The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years. The rate of participation in the labor force fell from 66 percent in 2007 to an average of 64 percent in the second half of 2011, an unusually large decline over so short a time. About a third of that decline reflects factors other than the downturn, such as the aging of the baby-boom generation. But even with those factors removed, the estimated decline in that rate during the past four years is larger than has been typical of past downturns, even after accounting for the greater severity of this downturn. Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent. By CBO’s estimates, the rate of labor force participation will fall to slightly above 63 percent by 2017. The dampening effects of the increase in tax rates in 2013 scheduled under current law and additional retirements by baby boomers are projected to more than offset the strengthening effects of growing demand for labor as the economy recovers further.​

 

[JakeStarkey]

If you are right, Neo, then the Congress, according to the CBO, is the entity that must fix the problem.

If not, then the President can go after the "do nothing" Congress that "hates workers and won't create jobs for them."