Economy added 255,000 jobs in July

Discussion in 'Economics & Trade' started by toddwv, Aug 5, 2016.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes such as getting the budget process backbone order just to mention that key function and


    RUSSELL BERMAN DEC 23, 2015
    Congress's Surprisingly Productive Year

    The House and Senate passed more significant pieces of legislation than at any time since early in President Obama’s first term.

    Lo and behold, Congress actually got some big things done this year.

    By just about any standard, the House and Senate passed more significant pieces of legislation in 2015 than at any point since President Obama’s first two years in office, when Democratic majorities gave him a raft of landmark policy achievements. The laws Congress enacted this year were not as expansive, but with Republicans controlling Capitol Hill for the first time since 2006, they were all bipartisan.

    The list of major congressional actions includes:

    The first rewrite of federal education law since the passage of No Child Left Behind in 2002
    A five-year, $305 billion infrastructure bill—the longest reauthorization of federal transportation programs in a decade
    A long-term fix to the Medicare payment system, partially paid by modest reforms to entitlement programs
    Enactment of Trade Promotion Authority, which grants both Obama and his successor additional power to negotiate trade deals that can’t be revised by Congress
    Passage of a $1.15 trillion spending bill, which loosens budget caps and lifts a 40-year-old ban on the export of U.S. oil
    A $622 billion tax package, which makes permanent dozens of tax breaks aimed at businesses and low-income individuals and families.......

    http://www.theatlantic.com/politics/archive/2015/12/congresss-surprisingly-productive-year/421314/
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    First he was part of the Democrat congress that failed to pass legislation to help mitgate the slow down recession that began after they took control of the Congress in 2007 and then after it was almost over passed a huge stimulus bill that failed to get is into a full recovery and the did nothing else for the 5 years. Since 2015 we've had a Republican Congress which in spite of Obama are finally getting things turned around.
     
  3. logical1

    logical1 Well-Known Member Past Donor

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    Do you want fries with that burger? You mean jobs like that????
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    Obama had a veto proof congress for his first two years and got his stimulus and health care and increase regulation of business and the economy. And even after the Republicans won the house they were more than willing to work with him and the Senate. It was Harry Reid who stopped every thing so stop trying to blame Democrat failures on Republicans.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    You mean that sequester thingy the Democrats blame on Republicans?

    - - - Updated - - -

    So did Bush43.
     
  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    More phony cherry picking. The Democrats, including Obama, took Co troll of the budget in 2007 for FY2008 so start your spending increase from there. And educate your self in the fact that President's do not control all government employment since you are attempting to attribute state and local government employment to them.

    - - - Updated - - -

    Reagan requested less spending every year than Congress authorized and they failed to pass all the spending recissions be sent to them.
     
  7. Iriemon

    Iriemon Well-Known Member Past Donor

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    More phony cherry picking. The Democrats, including Obama, took Co troll of the budget in 2007 for FY2008 so start your spending increase from there. And educate your self in the fact that President's do not control all government employment since you are attempting to attribute state and local government employment to them. [/quote]

    My figures compare recession recovery periods. How do you figure 2007 was the recovery? We didn't really get hit with the recession until 2008/9 and the recovery didn't really get going until early 2010.

    You're just trying to blaaaaaame Obaaaaama for the recession he inherited

    [​IMG]

    Besides you keep creating this fiction that Bush wasn't president into 2009.

    You're not fooling anyone.

    - - - Updated - - -

    Reagan dramatically increased spending with his military increases.

    - - - Updated - - -

    Let's remind ourselves how good the economy was when the last Republican president left office.

    +++




    January 2009

    Job loss: Worst in 34 years
    Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%.

    NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

    The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008.

    http://money.cnn.com/2009/02/06/news/economy/jobs_january/index.htm

    Foreclosures up a record 81% in 2008
    January 15, 2009: 3:48 AM ET
    NEW YORK (CNNMoney.com) -- U.S. foreclosure filings spiked by more than 81% in 2008, a record, according to a report released Thursday, and they're up 225% compared with 2006.

    http://money.cnn.com/2009/01/15/real_estate/millions_in_foreclosure/

    Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000.
    http://www.businessweek.com/investor/content/jan2009/pi20090122_192905.htm

    On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B].
    http://www.businessweek.com/investor/content/jan2009/pi20090114_103250.htm

    598,000 Jobs Shed In Brutal January
    Unemployment Hits 7.6% as Downturn Picks Up Steam

    The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall.

    http://www.washingtonpost.com/wp-dyn/content/article/2009/02/06/AR2009020601156.html

    GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
    Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis.

    http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408p.pdf

    Continued Unemployment Claims at Record High
    In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000.

    http://www.calculatedriskblog.com/2009/01/continued-unemployment-claims-at-record.html

    Housing Market Update - January 2009
    The housing statistics for November 2008 were dire and depressing. They were so bad, in fact, that Lawrence Yun, the National Association of Realtors' chief economist, said November’s price drop was the largest the association had ever recorded and probably the worst decline since the Great Depression.

    http://www.forest2market.com/blog/housing-outlook-january-2009#sthash.hHUqWRIV.dpuf

    +++

    Yep, we need to go back to those good old days.
     
  8. Iriemon

    Iriemon Well-Known Member Past Donor

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    Obstructing jobs programs when unemployment is high; eliminating half a million government jobs, adding to unemployment; pampering the billionaires, government shutdowns and austerity.

    That's Republicans trying to "fix things".

    Remember what the Republicans have done to try to wreck the recovery when you go to vote in November.
     
  9. tsuke

    tsuke Well-Known Member

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    dont forget to add consumer spending too :)
     
  10. Jack Links

    Jack Links Well-Known Member

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    255 thousand more government jobs. The deficit gets worse and worse.
     
  11. Iriemon

    Iriemon Well-Known Member Past Donor

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    The Wall Street Journal is owned by Rupert Murdoch, which makes it as believable as Fox News, the Weekly Standard, and the New York Post,
     
  12. tsuke

    tsuke Well-Known Member

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    true. Both parties have failed we need a party that is not pro outsourcing.
     
  13. Iriemon

    Iriemon Well-Known Member Past Donor

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    Wow. Talk about misinformed by RW propaganda media.

    Where'd you hear that? Hannity? Limbaugh?

    - - - Updated - - -

    We need a party that focuses on increasing middle class incomes, not pampering the rich.

    - - - Updated - - -

    I call bull(*)(*)(*)(*). Prove it.
     
  14. Jack Links

    Jack Links Well-Known Member

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    That's why we need Trump. America First.
     
  15. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    They will continue to get worse, and the recovery slightly longer. We are hooked on opium, and instead of taking our inevitable withdrawal cold turkey style, without fail choose to shoot up and forget all our troubles for another decade or two.
     
  16. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    That's what liberals do. They take facts, like Hillary lying to Congress or allowing our heroes to die in Libya then lie about it, and say "talking point", "fake scandal". They only address the areas they care about as actual points. Certainly strange.
     
  17. YouLie

    YouLie Well-Known Member

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    Have the numbers been revised yet? Wait for it.
     
  18. Iriemon

    Iriemon Well-Known Member Past Donor

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    Fake scandal. Even the Republicans on the several committees investigating Benghazi admit there was no "stand down" order, the whole thing was You've been duped by the RW propaganda. Again.
     
  19. Jack Links

    Jack Links Well-Known Member

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    They're in denial,
    despite the overwhelming evidence of failure such as Greece and Venezuela.
     
  20. tsuke

    tsuke Well-Known Member

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    There is actually a break point where we are important enough to the world market that we can quit coold turkey and the world will have to accomodate us and one where the US spending power is so low that we have no choice but to go with outsourcing as the world can afford to ignore the us market.
     
  21. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    Everything is a fake scandal. Hillary lying to Congress, everything Obama has ever done wrong....fake scandals. It's kind of a dead set of words now. "Today, Obama kicks a dog in the face on the white house lawn". "Fake Scandal!!!!".

    Yawn
     
  22. Iriemon

    Iriemon Well-Known Member Past Donor

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    He, Stand Down!!!

    LOL. More RW fabricated propaganda. You've been duped again.
     
  23. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    Lol you addressed 4 posters and just said "RW propaganda!". Just like the Russian trolls that only cite Sputnik news, refuse to provide facts, and just say "Western Propaganda caused the cold war". come on brah
     
  24. Iriemon

    Iriemon Well-Known Member Past Donor

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    You conservatives who get your worldview from RW propaganda wouldn't know a F-ing fact if it bit you in the ass. Your all so deceived about so much.

    This myth that all or most the jobs created in the recovery is just another in a long line of RW propaganda deceptions I've see over and over in forums like this one.

    Employed full time:
    Jan 2010: 110.613 million
    Jul 2016: 123.892 million
    13.279 increase

    Employed Part time

    Jan 2010: 27.781 million
    Jul 2016: 27.595 million
    186,000 decrease

    http://www.bls.gov/webapps/legacy/cpsatab9.htm

    And when you look at the folks who are working part time jobs, what you find is that the number of people who have to work part time has dropped by millions, while the number who work part time because they want to (i.e. more older workers or students) has increased:

    Part time for economic reasons
    :
    Jan 2010: 8.530 million
    Jul 2016: 5.940 million
    2.59 million decrease

    Part time for non-economic reasons:
    Jan 2010: 18.545 million
    Jul 2016: 20.717 million
    2.172 million increase

    http://www.bls.gov/webapps/legacy/cpsatab8.htm

    The claim or inference that most of the jobs in this recovery have been part time is complete hogwash, RW propaganda fabrication which deceived the gullible. We see it here daily.
     
  25. Iriemon

    Iriemon Well-Known Member Past Donor

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    All you do is regurgitate the RW proganda your fed and refuse to provide facts.

    Fox News was caught in a fabrication on the "stand down" order we heard about over and over and over again, as I demonstrated here: http://www.politicalforum.com/curre...ww.politicalforum.com/curren...post1062633087

    And *both* the bipartisan (which means that the report that included the Republicans, as well) Senate Select Committee on Intelligence Benghazi Report and the Republican controlled House Permanent Committee on Intelligence Benghazi Report declared emphatically there was no "stand down" order given by the administration.

    Republican controlled House Permanent Committee on Intelligence Benghazi Report:

    Finding #6: Appropriate personnel on the ground in Benghazi made the decision to send CIA officers to rescue the State Department officers at the TMF.

    Finding #7: Prior to the CIA security team departing for the TMF, the Annex leadership deliberated thoughtfully, reasonably, and quickly about whether further security could be provided to the team. Although some security officers voiced a greater urgency to depart for the TMF, no officer at CIA was ever told to stand down.

    Finding #8: The decision to send CIA officers from Tripoli to Benghazi to rescue the Ambassador and bolster security of the U.S. personnel in Benghazi was a tactical decision appropriately made by the senior officers on the ground.

    Finding #10: The CIA received all military support that was available. Neither the CIA nor DOD denied requests for air support. One CIA security officer requested a Spectre gunship that he believed was available, but his commanding officer did not relay the request because he correctly knew the gunship was not available.


    hhttp://i2.cdn.turner.com/cnn/2014/images/11/21/benghazi.report.pdf

    Senate Select Committee on Intelligence Benghazi bipartisan report:

    The Committee explored claims that there was a "stand down" order given to the security team at the Annex. Although some members of the security team expressed frustration that they were unable to respond more quickly to the Mission compound, 12 the Committee found no evidence of intentional delay or obstruction by the Chief of Base or any other party. ... The Committee has reviewed the allegations that U.S. personnel, including in the IC (Intelligence Community) or DoD, prevented the mounting of any military relief effort during the attacks, but the Committee has not found any of these allegations to be substantiated.

    http://www.intelligence.senate.gov/sites/default/files/press/benghazi.pdf

    Yet despite we have the bi-partisan reports, including the Republican members of the relevant committees of both chambers of congress, including the Republican controlled House, both saying there was no "stand down" order, we have people here who will believe till their dying day that the Obama administration told people to "stand down" because Fox told them so. Over and over and over again.

    Propaganda is truly powerful stuff.

    But That's what conservatives do. They take fabricated propaganda, like Hillary allowing our heroes to die in Libya or recovery jobs being part time, and then lie about it as if it were true.

    And when liberals point out the RW propaganda lie, conservatives say "talking point", "fake scandal". They only address the areas they care about as actual points. Certainly strange.
     

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