Courtesy of the Tea Baggers
[QUOTE=Jackson; 415971]I've never seen Ron Paul or Sarah Palin [u]scream[/u] About anything.
Please provide a link or reference to these events.
Or just admit that your statement is typical liberal hyperbole.
Thanks,
Jackson[/QUOTE]Liberal hyperbole? I don't think so, READ:
[url]http://www.wnd.com/?pageId=263933[/url]
1 photos
Obama Economic Wizard or Fuzzy Math?
[QUOTE=Moveon;415970]The most recent data now shows that unemployment is 8. 9% but we have a way to go still. All those naysayers can now jerk-off about the Obama stimulus package not working or contributing to the nation's recovery. (including you, Wallyeye)[/QUOTE]Really, who's jerking who off?
[quote]9 Feb 2011.
Last week's surprisingly sharp decline in the unemployment rate from 9. 4% to 9% and equally surprising anemic job growth. 36, 000 new jobs. Left a lot of investors scratching their heads. How could the unemployment rate plummet so significantly while a such a trivial number of new jobs were created?
If we simply extrapolate those numbers, we get some nonsensical results. If adding 36, 000 jobs to the 139 million jobs in the USA economy lowers the unemployment rate by 0. 4 percentage points, then adding just 720, 000 jobs should lower the unemployment rate by 8 points. From 9% to only 1.
Yet the Bureau of Labor Statistics data shows that 812, 000 jobs were added in the year from January 2010 to January 2011 (138, 511, 000 vs. 139, 323, 000). Based on the unemployment rate announced last week, we could expect that those 812, 000 additional jobs would have lowered the unemployment rate to near-zero. But of course, we know they didn't.
According to the BLS, the civilian labor force was 153. 8 million in January 2008 and 153. 2 million in January 2011. A decline of 600, 000 while the population increased by some 6 million. And the not-in-labor-force category expanded by 2 million from January 2010 to January 2011, from 83. 4 million to 85. 5 million.
When unemployed people stop looking for jobs at their local unemployment office, the government no longer counts them as unemployed. That's how the number of unemployed can drop from 15 million in November 2010 to 13. 8 million in January 2011, a decline of 1. 2 million, even though the economy created only about 400, 000 jobs in those three months.
Over a longer time period, the not-in-labor-force group rose from 78. 8 million in January 2008 to 85. 5 million in January 2011. An increase of almost 7 million.
[b][u]How do you drop the unemployment rate? Simple: remove 7 million people from the labor force. [/b][/u][/QUOTE]And for February the BLS reports.
[quote]Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9 percent, the U.S. Bureau of Labor Statistics reported today. [/quote]Here's another link that speaks of ' manipulated job numbers'.
[url]http://www.examiner.com/finance-examiner-in-national/wall-street-ignores-job-number-exuberance-as-oil-hits-104-and-dollar-drops-hard[/url]
Now could you explain one more time how the Obama stimulus package is working and contributing to the nation's recovery?
Correcting the misinformation
The Successful Stimulus
No amount of lies and repetition can change the fact that Obama's Stimulus (supported by the USCoC) was absolutely successful as assessed by respected economists. Repubs keep repeating that it failed to keep unemployment below 8% as claimed in early 2009. That's all they got, but nobody could have foreseen the deep private sector job losses to come over 2009. The Administration erred in making an overly optimistic projection. However, the economic analyses show that the Stimulus created or saved near 3 million jobs. Without it, unemployment could have peaked over 11%, with no guarantee it would be trending down like it is now. Although the recent month-to-month unemployment trend is definately not directly attributable to the Stimulus, the idea that the Stimulus has not played any role in this trend is about as dubious as the idea that the trend is entirely due to post-midterm election private sector optimism.
Bush's Debt
The major components of our current deficit / debt situation are mostly due to Bush's legacy, not Obama. The Stimulus and other recent spending are large but temporary, and more importantly, are outsized by the ongoing impact of the Bush tax cuts, unfunded wars and economic downturn tax revenue loss resulting from conservative ideology under Bush.
I've posted this link a couple times before, and here it is once again, see Figure 1:
Critics Still Wrong on What's Driving Deficits in Coming Years
[url]http://www.cbpp.org/cms/index.cfm?fa=view&id=3036[/url]
I can't take much more of this Esten!
[QUOTE=Esten;415979]The major components of our current deficit / debt situation are mostly due to Bush's legacy, not Obama.[/QUOTE]Democratic house and senate have set the budget since 2007. Obama showed up in 2009. It's now March 2011. It's all Bush's fault! WTF!
How dare you use the term "misinformation" Esten. I must admit that you liberals will never let the facts get in the way of a decent discussion. We need democrats in this country to provide a balanced agenda, HOWEVER, never give them the keys to the bus. It ends up going off the road everytime!
Tick! Tick! Tick! 2012 is just around the corner. Happy Mongering All. Toymann