Gallup: Unemployment drops down to 8.1%, lowest level yet.

Hope and Change, one 0.1% at a time.

 

No gains on Unemployment.Sheer COOKED BOOKS accounting.
When unemployment went down to 8.3% a couple months ago they had to
do it by literally NOT counting 1.2 Million fellow Unemployed from the roles.
Just acted like that number never existed. Literally more than ONE MILLION
from the total work force Vanished.

 

no argument there, unemployment numbers only work when people are unemployed for the short term. At this stage of the game the employment/population numbers are far more of a indicator. I was simply referring to the misery index which is compiled by adding the UE and inflation numbers.

 

Ah, yes, the lowest level yet or, as President Obama would say, unprecedented low unemployment. The spin gets harder and harder.

 

A lot better than a full -1% at a time under Bush!

 

Of course the U.S. economy is improving...how could it not?

When between the government deficits (GWB/Obama) and the Fed's QE's/Op.Twist throwing roughly $7.7 TRILLION dollars in debt into the economy over the last 4 years...how could it not improve?

The question is - what happens when the gov./Fed run out of money to 'print' and/or inflation gets too high that the latter has to raise interest rates?

This whole propped up, house-of-cards comes crashing down.


And before the Rep's/Dem's blame each other?

Forget it - it's both of their faults.

GWB started the over-spending madness and it was he who appointed that macro-economic ignoramus Bernanke to run the Fed AND Obama has ramped up the deficits even more while re-confirming Bernanke as Fed head.


I don't know when the gov./Fed will run out of money to 'print' and/or inflation will grow too much that forces the Fed to raise rates.

But whenever it does - the crash that will result will (imo) be much worse then the one experienced in 2008.

Unless the government of the day creates a large medium/small major war to distract the masses.

Either way will be REALLY ugly.

 

They won't run out of money, they'll keep printing until they won't be able to control inflation.

 

UE was very low under bush for most of his time in office.

 

You are to smart to act like republicans do any better then democrats. Come on dude.

 

President Obama and the socialists are doing a superb job of keeping unemployment high and jobs low.

 

Did you know that Bernanke has printed in the neighborhood of
$ 8 Trillion Greenbacks since 2009.That despite the fact the Federal Reserve
isn't the principle printer of Money,the Treasury is.And that the Fed is never
audited or investigated by Congress.

 

Thats great news........if Obama can continue to shrink the American labor force......we will have an unemployment rate of 0.00% and an employment rate of 0.00%.....

Employment Level Since President Obama



Yayyy Obama!
.
.
.

 

Govt. supplied statistics are like a whore's virtue...unreliable.

 

With any luck for Obama, the latest round of stealth confiscation of wealth through QE measures ($.6 trillion since October 2011) will lead to more upticks in employment through the election. Hell, they might even throw in an officially announced QE that the media may even report, to go for a double win using inflation to pump up jobs. Who cares about the long term consequences?

 

Poor Iriemon, for someone who is so smart(no sarcasm, he is smart), he is so desperate to see the dictator get a 2nd term, he is falling victim to the old saying of, "you can lie with statistics, but statisics don't lie". What we are seeing is the U3 numbers, NOT the U6 numbers. Too bad Iriemon is completely ignoring the record high 87,897,000+ people out of work and how women are taking the biggest hit of anyone for unemployment. Well Iriemon, the Obama dictatorship can manipulate the stats all they want, to all of those who are unemployed, they are really not going to give a **** about manipulated employment numbers when they are still unemployed. My guess is this regime will manipulate the unemployment stats to 7.2% by October, but nobody will believe it because too many people will not be living it.

 

Poor Iriemon has lost the ability to analyze facts objectively.

 

How does one take bad & bad and come out with 'better?'

 

I use the quarter before and the quarter after Reagan took office, where the rate of real GDP growth was over 7%, and that is cherry picking to show Reagan came to office with a strong economy?

I disagree. 7+% real GDP growth is strong by any objective measure.

 

Sure.
..............

 

What never gets reported are the hundreds of thousands of people who drop-off the list because their time is up for unemployment. The government/administration does its level best to fudge the report so Obama looks good, when the fact is that his administration is a failed administration. Basically they are lying.

 

The question was based upon a false premise. Which Obama later clarified.

Sure. And because he's one of the richest, he only has to pay the special low privileged tax rate of 15%. Less than the marginal rate many middle class struggling families pay.

Only in America.

Weird definition. But I suppose someon who is fighting to retain special privielges for the richest would say something like that.

 

Actually, Reagan took an economy that was growing at 7+% real and within a year the nation was in the worst recession since the Great Depression. Until the recent Great Recession.

The economy did turn around, but not until a massive stimulus program was implemented including tax cuts and massive increases in spending.

But it's OK that Reagan did the same (*)(*)(*)(*) thing Obama did. Reagan is Lord to the Conservatives and therefore could have done no wrong.

 

Revenues: http://cbo.gov/publication/42911
GDP: http://www.bea.gov/national/xls/gdplev.xls

Same sources I've posted hundreds of times.

 

http://www.bls.gov/webapps/legacy/cesbtab1.htm

 

They pay FICA taxes. Which the millionaires and billionaires also get special low rates on because the tax stops at about $105k of income.

Just high enough to whack the poorer and middle class.

Only in America.