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Old November 11th, 2014, 08:49 AM   #1
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Obama Has Best Job Creation Streak Since 1939 So Republicans Vow To Return To Bush

Obama Has Best Job Creation Streak Since 1939 So Republicans Vow To Return To Bush




Any American with an higher-than-snail intellect understand that the defining characteristic of being a conservative is seeking to preserve things just the way they are, and above all else, emphasize the safety and stability of maintaining the status quo to establish a sense of continuity.

Some American conservatives certainly fit into that category, but there is another kind of conservative, call them extremists and reactionaries, that not only oppose change and maintaining the status quo, they demand to return to “the way things were.”

In Republican and teabagger vernacular, returning to the “old ways” is “taking our country back;” but back to what? If the subject is the economy, it is back to Bush-era economic policies that are wildly popular with conservative mainstream media, but still not austere and severe enough for the Koch brothers.

Getting back to corporatists’ vision of America was the so-called message Republicans pounded into epically stupid voters’ heads throughout the midterm election; return to the old ways and put us back in charge of the economy.

It really must be a confusing time to be a conservative voter, because if they truly wanted to maintain the status quo as the party that hates change, they would not have turned out at the polls and voted for Republicans.

In fact, only a fool would want to abandon the current economic progress and return to the old ways after Bush-Republicans tanked the economy, because yet another economic report revealed that under President Obama’s Administration, America has experienced the longest stretch of consistent job creation since World War II.

In the uber-conservative Wall Street Journal, a report boasted, yes boasted, that since non-farm payrolls grew to a seasonally adjusted 214,000 last month according to the Labor Department, it marked the “best such job creation streak since 1995, and marked the 49th straight month of positive job growth; the best stretch on record back to 1939.” The Rupert Murdoch newspaper noted that the unemployment rate fell to 5.8% last month and was the lowest level since 2008.

One might be inclined to believe that if “traditional conservatives” seriously wanted to maintain the status quo, for continuity of results and stability, they would have voted en masse to preserve the streak of positive economic growth and private sector hiring and rejected Republicans with extreme prejudice because they promised to “return to the old ways” if they control Congress.

However, no-one with even minimal cognitive abilities would expect a Republican voter to support the current positive economic growth because it is happening as a result of an African American man sitting in the Oval Office; that and bible, guns, and something about maintaining Ayran purity.

According to the WSJ unemployment report, all economists, and businesses large and small, the one and only missing ingredient needed for truly robust economic gains is wage growth. Average hourly earnings for private-sector workers barely kept up with the mild pace of inflation. Consumer prices rose 1.7% in September from a year earlier, but that is going to change for the worse when the effects of the climate change-driven drought on food costs are realized and they skyrocket out of reach for many Americans.

There is more good news that is driving conservatives to eschew their typical “maintain the status quo” philosophy and return to the old ways. Most economists acknowledge that a continued decline in the short-term unemployment rate, those Americans who have been out of work six months or less, will finally prompt meaningful growth in wages. That’s because demand for people recently out of work better represents the labor market facing employers.

The short-term jobless rate held steady in October at 4% according to the report, and it is a percentage point below its average since 1948. The long-term rate held steady as well at 1.9%, and it has many employers in the living-wage fields, including manufacturing and engineering, bemoaning that they are facing a shortage of workers. As a result of the worker shortage, wages in those fields are set to rise.

While foreign manufacturers are experiencing dwindling demand due to harsh austerity Republicans want to impose, American manufacturing is experiencing robust growth.

While European factories are cutting production and laying off workers, American “factories are revving up production” and increasing hiring according to a private organization that monitors the American manufacturing sector; something Republicans want to change instead of maintaining the status quo.

According to the Institute for Supply Management (ISM), its main gauge of the factory sector climbed to 59.0 in October from 56.6 in September. That economic growth is based on American manufacturers continued reporting an impressive accelerated rate of new orders that drove production to its highest level since 2004 revealing the economy is growing at an impressive rate; under President Obama. According to man overseeing ISM’s manufacturing gauge, Bradley Holcombe, “American manufacturing is firing on all cylinders;” something Republicans do not want to maintain because as extremist conservatives, they want to take our country back and the inherently stupid voting public agrees that it is a good idea to “return to the old ways.”

It is getting difficult to understand what drives conservatives, and Republican voters, to want to abandon their typical adherence to maintaining the status quo when there has been nothing but good economic reports over the past two years.

What is truly confusing, is why Republican voters in four red states, on the one hand, voted to raise the minimum wage and then elected Republicans who openly refuse to even consider a wage hike.

Republicans in Congress certainly understand the President’s economic policies not only lifted the nation out of the worst recession since the Great Depression, he has kept the economy growing at a respectable clip and produced the longest job creation streak since 1939.

It is true the voting public will never hear about the President’s economic successes, and although it is down to corporate main-stream media, it is also the President’s failure to address the nation. Yes, he doles out good news regularly during his Weekly Presidential address, but he may as well be talking to the pigeon-brigade roosting on the Whit House roof.

However, it is likely that even if he did issue regularly televised speeches touting the nation’s economic progress, record job creation, and calling for Congress to raise wages, the bible, gun, and white pride crowd, or extremist conservatives, would still reject the status quo; regardless how much they benefit.
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Old November 11th, 2014, 09:19 AM   #2
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It is time for skews to post his monthly jobs propaganda from politicususa, and get the monthly drubbing that comes with posting misleading propaganda.

When Obama took office, there were 80,507,000 not in the workforce. This number has increase at a steady pace each year and as of October sits at 92,584,000. This is a 12 million increase not in the work force while the population has increased by 18 million since Obama took office, making it a 30 million swing.

The labor force participation rate is at a 37 year low of 62.8.
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Old November 11th, 2014, 09:32 AM   #3
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Originally Posted by Jimmyb View Post
It is time for skews to post his monthly jobs propaganda from politicususa, and get the monthly drubbing that comes with posting misleading propaganda.

When Obama took office, there were 80,507,000 not in the workforce. This number has increase at a steady pace each year and as of October sits at 92,584,000. This is a 12 million increase not in the work force while the population has increased by 18 million since Obama took office, making it a 30 million swing.

The labor force participation rate is at a 37 year low of 62.8.
The problem with labor participation figures is that the do not differentiate between those who are involuntarily unemployed and those who are voluntarily unemployed. Without breaking it down into demographics, throwing out a figure of 62.8% is meaningless. Does this mean that people beyond retirement age who couldn't afford to retire in 2008 and because of the market collapse have recouped their losses and are able to retire? Does it mean more women are choosing to stay home to raise their children? Or does it mean, as you suggest, that more people are involuntarily unemployed?

Here is an interesting article on the subject:

http://www.bls.gov/mlr/1999/12/art1full.pdf

(Ha ha - yes, I just PDF'd you)

As you can see from the article, the time when many conservatives think was the best time in our country's history is a time when the labor participation force was actually lower than it is today and yet, by most indicators, our economy was better.

I'm not saying that we're in great shape economically. But I will argue that what you are using as a yard stick isn't necessarily good measure.
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Old November 11th, 2014, 09:39 AM   #4
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Quote:
Originally Posted by Gigi Van Tran View Post
The problem with labor participation figures is that the do not differentiate between those who are involuntarily unemployed and those who are voluntarily unemployed. Without breaking it down into demographics, throwing out a figure of 62.8% is meaningless. Does this mean that people beyond retirement age who couldn't afford to retire in 2008 and because of the market collapse have recouped their losses and are able to retire? Does it mean more women are choosing to stay home to raise their children? Or does it mean, as you suggest, that more people are involuntarily unemployed?

Here is an interesting article on the subject:

http://www.bls.gov/mlr/1999/12/art1full.pdf

(Ha ha - yes, I just PDF'd you)

As you can see from the article, the time when many conservatives think was the best time in our country's history is a time when the labor participation force was actually lower than it is today and yet, by most indicators, our economy was better.

I'm not saying that we're in great shape economically. But I will argue that what you are using as a yard stick isn't necessarily good measure.
It is a standard that is used because it is relevant month to month and the factors remain consistent. It also had been following in lock-step with the number of people not in the labor force.

The labor force participation rate counts people looking for work and working age. There may be some statistical variations, but in the aggregate when compared monthly and the trend, it is an important indicator. It can be graphed along with recessions and booms and is pretty accurate regarding that as well.
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Old November 11th, 2014, 09:52 AM   #5
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Originally Posted by Jimmyb View Post
It is a standard that is used because it is relevant month to month and the factors remain consistent. It also had been following in lock-step with the number of people not in the labor force.

The labor force participation rate counts people looking for work and working age. There may be some statistical variations, but in the aggregate when compared monthly and the trend, it is an important indicator. It can be graphed along with recessions and booms and is pretty accurate regarding that as well.
Do you have a link for that or am I simply to take your word that it's an accurate indicator of a shitty economy even though, as shown in the PDF (ha ha) I provided, labor participation was lowest at a time of economic boom.
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Old November 11th, 2014, 09:54 AM   #6
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Originally Posted by skews13 View Post
Obama Has Best Job Creation Streak Since 1939 So Republicans Vow To Return To Bush




Any American with an higher-than-snail intellect understand that the defining characteristic of being a conservative is seeking to preserve things just the way they are, and above all else, emphasize the safety and stability of maintaining the status quo to establish a sense of continuity.

Some American conservatives certainly fit into that category, but there is another kind of conservative, call them extremists and reactionaries, that not only oppose change and maintaining the status quo, they demand to return to “the way things were.”

In Republican and teabagger vernacular, returning to the “old ways” is “taking our country back;” but back to what? If the subject is the economy, it is back to Bush-era economic policies that are wildly popular with conservative mainstream media, but still not austere and severe enough for the Koch brothers.

Getting back to corporatists’ vision of America was the so-called message Republicans pounded into epically stupid voters’ heads throughout the midterm election; return to the old ways and put us back in charge of the economy.

It really must be a confusing time to be a conservative voter, because if they truly wanted to maintain the status quo as the party that hates change, they would not have turned out at the polls and voted for Republicans.

In fact, only a fool would want to abandon the current economic progress and return to the old ways after Bush-Republicans tanked the economy, because yet another economic report revealed that under President Obama’s Administration, America has experienced the longest stretch of consistent job creation since World War II.

In the uber-conservative Wall Street Journal, a report boasted, yes boasted, that since non-farm payrolls grew to a seasonally adjusted 214,000 last month according to the Labor Department, it marked the “best such job creation streak since 1995, and marked the 49th straight month of positive job growth; the best stretch on record back to 1939.” The Rupert Murdoch newspaper noted that the unemployment rate fell to 5.8% last month and was the lowest level since 2008.

One might be inclined to believe that if “traditional conservatives” seriously wanted to maintain the status quo, for continuity of results and stability, they would have voted en masse to preserve the streak of positive economic growth and private sector hiring and rejected Republicans with extreme prejudice because they promised to “return to the old ways” if they control Congress.

However, no-one with even minimal cognitive abilities would expect a Republican voter to support the current positive economic growth because it is happening as a result of an African American man sitting in the Oval Office; that and bible, guns, and something about maintaining Ayran purity.

According to the WSJ unemployment report, all economists, and businesses large and small, the one and only missing ingredient needed for truly robust economic gains is wage growth. Average hourly earnings for private-sector workers barely kept up with the mild pace of inflation. Consumer prices rose 1.7% in September from a year earlier, but that is going to change for the worse when the effects of the climate change-driven drought on food costs are realized and they skyrocket out of reach for many Americans.

There is more good news that is driving conservatives to eschew their typical “maintain the status quo” philosophy and return to the old ways. Most economists acknowledge that a continued decline in the short-term unemployment rate, those Americans who have been out of work six months or less, will finally prompt meaningful growth in wages. That’s because demand for people recently out of work better represents the labor market facing employers.

The short-term jobless rate held steady in October at 4% according to the report, and it is a percentage point below its average since 1948. The long-term rate held steady as well at 1.9%, and it has many employers in the living-wage fields, including manufacturing and engineering, bemoaning that they are facing a shortage of workers. As a result of the worker shortage, wages in those fields are set to rise.

While foreign manufacturers are experiencing dwindling demand due to harsh austerity Republicans want to impose, American manufacturing is experiencing robust growth.

While European factories are cutting production and laying off workers, American “factories are revving up production” and increasing hiring according to a private organization that monitors the American manufacturing sector; something Republicans want to change instead of maintaining the status quo.

According to the Institute for Supply Management (ISM), its main gauge of the factory sector climbed to 59.0 in October from 56.6 in September. That economic growth is based on American manufacturers continued reporting an impressive accelerated rate of new orders that drove production to its highest level since 2004 revealing the economy is growing at an impressive rate; under President Obama. According to man overseeing ISM’s manufacturing gauge, Bradley Holcombe, “American manufacturing is firing on all cylinders;” something Republicans do not want to maintain because as extremist conservatives, they want to take our country back and the inherently stupid voting public agrees that it is a good idea to “return to the old ways.”

It is getting difficult to understand what drives conservatives, and Republican voters, to want to abandon their typical adherence to maintaining the status quo when there has been nothing but good economic reports over the past two years.

What is truly confusing, is why Republican voters in four red states, on the one hand, voted to raise the minimum wage and then elected Republicans who openly refuse to even consider a wage hike.

Republicans in Congress certainly understand the President’s economic policies not only lifted the nation out of the worst recession since the Great Depression, he has kept the economy growing at a respectable clip and produced the longest job creation streak since 1939.

It is true the voting public will never hear about the President’s economic successes, and although it is down to corporate main-stream media, it is also the President’s failure to address the nation. Yes, he doles out good news regularly during his Weekly Presidential address, but he may as well be talking to the pigeon-brigade roosting on the Whit House roof.

However, it is likely that even if he did issue regularly televised speeches touting the nation’s economic progress, record job creation, and calling for Congress to raise wages, the bible, gun, and white pride crowd, or extremist conservatives, would still reject the status quo; regardless how much they benefit.
Add to this he has created a liveable wage for Federal jobs which were just minimum wage before and has started a fire storm of states creating livable wages, and we have a middle class that has at least hung on a bit in the democratic states.
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Old November 11th, 2014, 11:14 AM   #7
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Record numbers on SNAP.

Full time becoming part time.

Millions have given up looking.

What is the U-6 rate.



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Old November 11th, 2014, 11:21 AM   #8
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Originally Posted by LongWinded View Post
Add to this he has created a liveable wage for Federal jobs which were just minimum wage before and has started a fire storm of states creating livable wages, and we have a middle class that has at least hung on a bit in the democratic states.
Tell me about this "livable wage" for federal jobs.

Are some federal jobs not allowed to pay minimum wage?

Are you saying that all federal employees make so much under Obama's livable wage that non are on any type of welfare program?

Are you sure Obama didn't just raise the minimum wage for some federal contractors?
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Old November 11th, 2014, 11:38 AM   #9
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Quote:
Originally Posted by Gigi Van Tran View Post
The problem with labor participation figures is that the do not differentiate between those who are involuntarily unemployed and those who are voluntarily unemployed. Without breaking it down into demographics, throwing out a figure of 62.8% is meaningless. Does this mean that people beyond retirement age who couldn't afford to retire in 2008 and because of the market collapse have recouped their losses and are able to retire? Does it mean more women are choosing to stay home to raise their children? Or does it mean, as you suggest, that more people are involuntarily unemployed?

Here is an interesting article on the subject:

http://www.bls.gov/mlr/1999/12/art1full.pdf

(Ha ha - yes, I just PDF'd you)

As you can see from the article, the time when many conservatives think was the best time in our country's history is a time when the labor participation force was actually lower than it is today and yet, by most indicators, our economy was better.

I'm not saying that we're in great shape economically. But I will argue that what you are using as a yard stick isn't necessarily good measure.
I'm going to be starting an official DTT countdown thread soon. It's already been a week since the elections. Where's the jobs Republicans? You will be seeing me ask this question ad nauseum, every week. Week after week, after week, after week......

You know, like John Boner has. The Republicans are fast running out of it's Obama's fault. Now that the elections are over, it now becomes their fault every single day those high paying jobs aren't jumping out into the middle of the street. Hope they can take it as well as they dish it out.
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Old November 11th, 2014, 11:47 AM   #10
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Here is the real data straight from the BLS. During Reagan's tenure there were 30 million fewer people in the the workforce, that needs to be taken into consideration.

As you see at the same point in his Presidency Reagan had created 10 million jobs compared to Obama's 5 million, how is that better?

You can also see that GWB had created 7 million jobs at the same point in his tenure. GWB had a crappy jobs record, Obama's is even worse.


Data extracted on: November 11, 2014 (2:41:43 PM)

Labor Force Statistics from the Current Population Survey

Series Id: LNS12000000
Seasonally Adjusted
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over


Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1981 99955 100191 100571 101056 101048 100298 100693 100689 100064 100378 100207 99645
1982 99692 99762 99672 99576 100116 99543 99493 99633 99504 99215 99112 99032
1983 99161 99089 99179 99560 99642 100633 101208 101608 102016 102039 102729 102996
1984 103201 103824 103967 104336 105193 105591 105435 105163 105490 105638 105972 106223
1985 106302 106555 106989 106936 106932 106505 106807 107095 107657 107847 108007 108216
1986 108887 108480 108837 108952 109089 109576 109810 110015 110085 110273 110475 110728
1987 110953 111257 111408 111794 112434 112246 112634 113057 112909 113282 113505 113793
1988 114016 114227 114037 114650 114292 114927 115060 115282 115356 115638 116100 116104
1989 116708 116776 117022 117097 117099 117418 117472 117655 117354 117581 117912 117830
1990 119081 119059 119203 118852 119151 118983 118810 118802 118524 118536 118306 118241
1991 117940 117755 117652 118109 117440 117639 117568 117484 117928 117800 117770 117466
1992 117978 117753 118144 118426 118375 118419 118713 118826 118720 118628 118876 118997
1993 119075 119275 119542 119474 120115 120290 120467 120856 120554 120823 121169 121464
1994 121966 122086 121930 122290 122864 122634 122706 123342 123687 124112 124516 124721
1995 124663 124928 124955 124945 124421 124522 124816 124852 125133 125388 125188 125088
1996 125125 125639 125862 125994 126244 126602 126947 127172 127536 127890 127771 127860
1997 128298 128298 128891 129143 129464 129412 129822 130010 130019 130179 130653 130679
1998 130726 130807 130814 131209 131325 131244 131329 131390 131986 131999 132280 132602
1999 133027 132856 132947 132955 133311 133378 133414 133591 133707 133993 134309 134523
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152(1) 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138451(1) 138599 138752 139309 139247 139148 139179 139427 139393 139111 139030 139266
2011 139287(1) 139422 139655 139622 139653 139409 139524 139904 140154 140335 140747 140836
2012 141677(1) 141943 142079 141963 142257 142432 142272 142204 142947 143369 143233 143212
2013 143384(1) 143464 143393 143676 143919 144075 144285 144179 144270 143485 144443 144586
2014 145224(1) 145266 145742 145669 145814 146221 146352 146368 146600 147283
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