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WorldTraveller

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    Live Feed DNC

    in Politics, Polls, and Pundits

    Posted

    Writing that statement has got to be the easiest job on the planet. All you have to do is dust of last month's.

    You mean like this?

     

     

     

     

    When the Bureau of Labor Statistics announced the nation's latest national employment figures Friday, the Obama administration stressed that people should not "read too much" into the data.

    Mitt Romney's campaign pounced, and flagged the fact that the White House has repeated that same line nearly every month since November 2009.

    See below for the roundup of articles from WhiteHouse.gov that Romney's campaign posted on its site. In many of the posts, the authors for the administration do acknowledge that they repeat themselves:

    June 2012:
    "Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available." (LINK:
    )

    May 2012:
    "Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available." (LINK:
    )

    April 2012:
    "Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available." (LINK:
    )

    March 2012:
    "Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available." (LINK:
    )

    February 2012:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign." (LINK:
    )

    January 2012:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign." (LINK:
    )

    December 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    November 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    October 2011:
    "The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August's jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report." (LINK:
    )

    September 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    August 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    July 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    June 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    May 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    April 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    March 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

     

    February 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    January 2011:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    December 2010:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    November 2010:
    "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK:
    )

    October 2010:
    "Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report." (LINK:
    )

    September 2010:
    "Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report." (LINK:
    )

    July 2010:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative. It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains." (LINK:
    )

    August 2010:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    June 2010:
    "As always, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    May 2010:
    "As always, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    April 2010:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    March 2010:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    January 2010:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    November 2009:
    "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK:
    )

    Live Feed DNC

    in Politics, Polls, and Pundits

    Posted

    From the WH:

     

    "While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression," he said in a statement.

     

    If you consider stagnant wages in an enviroment of rising household input costs, and more people feeling hopeless about job prospects in over three decades as proof that this is a "recovery" that "provides further evidence that the U.S is continuing to recover"

     

    then yeah, I agree with the W.H

    Live Feed DNC

    in Politics, Polls, and Pundits

    Posted · Edited by WorldTraveller

    Payrolls rose less than projected in August and the unemployment rate declined as more Americans left the labor force, indicating the U.S. labor market is stagnating.

    The economy added 96,000 workers last month following a revised 141,000 rise in July that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for a gain of 130,000.

     

    http://www.bloomberg...rate-falls.html

     

     

    Surprise surprise, unemployment rate dropped because of people dropping out of the labor force.

     

    The labor force participation rate, or the percentage of Americans who either have a job or are looking for one, fell to 63.5 percent -- the lowest since September 1981.

     

    http://www.reuters.c...E88604Y20120907

     

     

    Which Means that there are more people who have given up hope looking for work in over three decades.

     

    Average hourly earnings fell one cent last month, highlighting the underlying weakness in the labor market.

     

    In another sign of a weak labor market, average earnings ticked down by one cent to $23.52 an hour, while the average workweek was unchanged at 34.4 hours.

     

    Which means wages are remaining stagnant, while the cost of living is increasing.

     

    Then you have the revisions from the previous months:

     

     

    Compounding the weak August report, July and June payroll numbers were revised down—July payrolls rose 141,000, compared with the initially reported 163,000, and June was up 45,000, versus an earlier estimate of 64,000.

     

    http://online.wsj.co..._LEFTTopStories

     

    Things aren't getting better, they're getting worse.

    Woodward's new book on debt deal collapse puts the onus on Obama

    in Politics, Polls, and Pundits

    Posted

    I'm enjoying this. I'm gonna continue to pile on our verbally challenged friend from PA.

     

    It's not that Obama is just completely out of his depth when it comes to economic policies, it's that he had no interest or desire to forge relationships with those from the other side of the aisle. Reagan and Clinton were masters at this, and as a result, they got things done. Obama on the other hand is seen from almost all accounts as egotistical, self-indulging and overtly partisan, and as a result, we have this ****ty economy and nothing gets done.

     

    Which is the main reason why he doesn't deserve reelection.

     

    You see, when I used the word "just", it implies that it's more than one problem, the first one listed is his economic policies. However, using the word "just" segways to the second issue. Which is "forging relationships". I make mention that "Reagan and Clinton were masters at this", and that "as a result they got things done".

     

    Are you beginning to understand where I was heading with this meathead?

     

    Then I say "Obama on the otherhand"

     

    The word "otherhand" is important.

     

    meaning, if we were to juxtapose Obama with Reagan/Clinton

     

    "as egotistical, self-indulging and overtly partisan,"

     

    compared to Reagans and Clintons ability to work with those across party lines, that

     

    "and as a result, we have this ****ty economy and nothing gets done."

     

     

     

    Did you get that meathead?

     

    Or do you need for me to continue to embarrass you?

     

     

    I can

     

    Just let me know

    Woodward's new book on debt deal collapse puts the onus on Obama

    in Politics, Polls, and Pundits

    Posted

    Here's what I said:

     

     

    It's not that Obama is just completely out of his depth when it comes to economic policies, it's that he had no interest or desire to forge relationships with those from the other side of the aisle. Reagan and Clinton were masters at this, and as a result, they got things done. Obama on the other hand is seen from almost all accounts as egotistical, self-indulging and overtly partisan, and as a result, we have this ****ty economy and nothing gets done.

     

    Which is the main reason why he doesn't deserve reelection.

     

    It's called context, which is why it's necessary to speak to you as if you are a three year old, and even then you still have problems understanding what I was saying.

     

     

     

    You're embarrassing yourself meathead, :lol:

    Please explain how this works?

    in Politics, Polls, and Pundits

    Posted

    Since most people are Middle Class and our Economy is 70% consumer spending, it would be logical to conclude more spendable money in the hands of the masses would produce demand, which would produce sales, which produce demand for hiring, which would make more spenders out there... peolple will argue with me over this, but the fact is simple.. if the middle class doesn't spend, we're in trouble...

     

    How do you achieve this? Which specific policies could lead to this? From their Viewpoint

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