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Topic: Obama's Jobs Gap... Fabrication at its Finest
InvictusV Joined Sun 11/23/08 Posts: 5282	Fri 07/06/12 02:28 PM Edited by InvictusV on Fri 07/06/12 02:28 PM
This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.

mightymoe Joined Sun 11/19/06 Posts: 37362	Fri 07/06/12 03:13 PM
another of his many, many lies...

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/06/12 03:19 PM
the same people now 'predicting' what 'would have' been the recovery rate without any action are the same ones who 'predicted' where the plan would lead then,,,,,werent they? seems people should stay out of the fortunetelling business, and stick to documented FIGURES.....

andrewzooms Joined Fri 10/26/07 Posts: 2842	Fri 07/06/12 03:22 PM
To summarize: 108.616 million people in America are either unemployed, underemployed or "Not in the labor force". This represents 45.5% of working age Americans. Not in the labor force (NILF). A person who did not work last week, was not temporarily absent from a job, did not actively look for work in the previous 4 weeks, or looked but was unavailable for work during the reference week; in other words, a person who was neither employed nor unemployed." Clearly, this does include lot of unemployed people.

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/06/12 03:24 PM
first time I remember media covering such a demographic,,,, but, in any case the economy has a way to go no doubt

InvictusV Joined Sun 11/23/08 Posts: 5282	Fri 07/06/12 03:39 PM
first time I remember media covering such a demographic,,,, but, in any case the economy has a way to go no doubt Obviously, as stated above, we have not had unemployment over 8% for this long since the depression. This isn't some 3 month dip.. You give the media 41 months to project bad news they will do it 12 ways from sunday. Its a good thing most of the MSM is in Obama's pocket or these other numbers would be plastered on the front page of every newspaper from now until the election.

oldhippie1952 Joined Mon 03/14/11 Posts: 22693	Fri 07/06/12 03:41 PM
This unemployment rate of up to 20% is the new "full" employment rate now since we shipped millions of jobs overseas. Get used to it.

Giocamo Joined Tue 08/19/08 Posts: 3297	Fri 07/06/12 10:04 PM
labor participation rate... New monthly unemployment numbers are due to be released Friday for June, but growing evidence suggests the official jobless rate doesn’t tell the real story. Most attention will focus on what the Department of Labor calls its U3, or official, unemployment number. That currently is 8.2 percent, up from 8.1 percent in April. Another key number is the U6 rate, which also includes the “underemployed,” people working part-time but who want full-time work. That stands at 14.8 percent, up from 14.5 percent. Yet economists point out that both numbers are being skewed by another factor: More people are simply dropping out of the labor market. The labor participation rate fell to 63.6 percent in April, the worst since 1981, and the number of people out of the labor force is a record 88.4 million. If the participation rate were the same as January 2009, experts say, today's U3 jobless rate would be 11 percent.

msharmony Joined Mon 08/31/09 Posts: 61041	Sat 07/07/12 08:34 AM
first time I remember media covering such a demographic,,,, but, in any case the economy has a way to go no doubt Obviously, as stated above, we have not had unemployment over 8% for this long since the depression. This isn't some 3 month dip.. You give the media 41 months to project bad news they will do it 12 ways from sunday. Its a good thing most of the MSM is in Obama's pocket or these other numbers would be plastered on the front page of every newspaper from now until the election. we have likewise not had a near banking collapse PARTNERED With a housing collapse either... unprecedented circumstances, hard to define the 'proper' time frame for recovery,,,, but we are at least no longer HEMORHAGGING hundreds of thousands of jobs each month,,,

alleoops Joined Sat 08/06/11 Posts: 10832	Sat 07/07/12 10:32 AM
labor participation rate... New monthly unemployment numbers are due to be released Friday for June, but growing evidence suggests the official jobless rate doesn’t tell the real story. Most attention will focus on what the Department of Labor calls its U3, or official, unemployment number. That currently is 8.2 percent, up from 8.1 percent in April. Another key number is the U6 rate, which also includes the “underemployed,” people working part-time but who want full-time work. That stands at 14.8 percent, up from 14.5 percent. Yet economists point out that both numbers are being skewed by another factor: More people are simply dropping out of the labor market. The labor participation rate fell to 63.6 percent in April, the worst since 1981, and the number of people out of the labor force is a record 88.4 million. If the participation rate were the same as January 2009, experts say, today's U3 jobless rate would be 11 percent. Do you blame them for dropping out? Welfare is up since Obama took office. One out of seven? Spin, spin, spin.

msharmony Joined Mon 08/31/09 Posts: 61041	Sat 07/07/12 10:38 AM
labor participation rate... New monthly unemployment numbers are due to be released Friday for June, but growing evidence suggests the official jobless rate doesn’t tell the real story. Most attention will focus on what the Department of Labor calls its U3, or official, unemployment number. That currently is 8.2 percent, up from 8.1 percent in April. Another key number is the U6 rate, which also includes the “underemployed,” people working part-time but who want full-time work. That stands at 14.8 percent, up from 14.5 percent. Yet economists point out that both numbers are being skewed by another factor: More people are simply dropping out of the labor market. The labor participation rate fell to 63.6 percent in April, the worst since 1981, and the number of people out of the labor force is a record 88.4 million. If the participation rate were the same as January 2009, experts say, today's U3 jobless rate would be 11 percent. Do you blame them for dropping out? Welfare is up since Obama took office. One out of seven? Spin, spin, spin. welfare is up because more people NEED Help people are dropping out because they arent finding JOBS,,,,

alleoops Joined Sat 08/06/11 Posts: 10832	Sat 07/07/12 10:41 AM
Your right. We need to change course. Cause this one ain't workin..

msharmony Joined Mon 08/31/09 Posts: 61041	Sat 07/07/12 10:43 AM
Your right. We need to change course. Cause this one ain't workin.. time will tell,,,,we are still on the course, and its better than the one we WERE on,,,

alleoops Joined Sat 08/06/11 Posts: 10832	Sat 07/07/12 10:45 AM
Your right. We need to change course. Cause this one ain't workin.. time will tell,,,,we are still on the course, and its better than the one we WERE on,,, Your belief, not mine. Proof is in the puddin darlin.

msharmony Joined Mon 08/31/09 Posts: 61041	Sat 07/07/12 11:16 AM
Your right. We need to change course. Cause this one ain't workin.. time will tell,,,,we are still on the course, and its better than the one we WERE on,,, Your belief, not mine. Proof is in the puddin darlin. sure, once the pudding is DONE until then, its still fairly soupy ,,,,

InvictusV Joined Sun 11/23/08 Posts: 5282	Sat 07/07/12 01:57 PM
first time I remember media covering such a demographic,,,, but, in any case the economy has a way to go no doubt Obviously, as stated above, we have not had unemployment over 8% for this long since the depression. This isn't some 3 month dip.. You give the media 41 months to project bad news they will do it 12 ways from sunday. Its a good thing most of the MSM is in Obama's pocket or these other numbers would be plastered on the front page of every newspaper from now until the election. we have likewise not had a near banking collapse PARTNERED With a housing collapse either... unprecedented circumstances, hard to define the 'proper' time frame for recovery,,,, but we are at least no longer HEMORHAGGING hundreds of thousands of jobs each month,,, who encouraged banks to give loans to people that shouldn't have qualified? who encouraged banks to lower lending standards? One of the most striking features of home finance in the 1990s was the rapid growth of subprime lending. The term “subprime” typically refers to loans made to borrowers with impaired or limited credit histories or those who have high ratios of debt to income. To offset the higher risks associated with these loans, borrowers are charged higher interest rates and possibly also higher up-front fees. From 1993 to 1998, the number of subprime refinance loans reported under the Home Mortgage Disclosure Act (HMDA) increased tenfold, from 80,000 subprime refinance loans in 1993 to 790,000 in 1998. In 1994, the $35 billion in subprime mortgages represented less than 5 percent of all mortgage originations. By 1999, subprime lending had increased to $160 billion—almost 13 percent of the mortgage origination market. http://www.huduser.org/publications/pdf/brd/12Bunce.pdf Your boy Clinton and his changes to the CRA.

alleoops Joined Sat 08/06/11 Posts: 10832	Sun 07/08/12 10:06 AM
first time I remember media covering such a demographic,,,, but, in any case the economy has a way to go no doubt Obviously, as stated above, we have not had unemployment over 8% for this long since the depression. This isn't some 3 month dip.. You give the media 41 months to project bad news they will do it 12 ways from sunday. Its a good thing most of the MSM is in Obama's pocket or these other numbers would be plastered on the front page of every newspaper from now until the election. we have likewise not had a near banking collapse PARTNERED With a housing collapse either... unprecedented circumstances, hard to define the 'proper' time frame for recovery,,,, but we are at least no longer HEMORHAGGING hundreds of thousands of jobs each month,,, who encouraged banks to give loans to people that shouldn't have qualified? who encouraged banks to lower lending standards? One of the most striking features of home finance in the 1990s was the rapid growth of subprime lending. The term “subprime” typically refers to loans made to borrowers with impaired or limited credit histories or those who have high ratios of debt to income. To offset the higher risks associated with these loans, borrowers are charged higher interest rates and possibly also higher up-front fees. From 1993 to 1998, the number of subprime refinance loans reported under the Home Mortgage Disclosure Act (HMDA) increased tenfold, from 80,000 subprime refinance loans in 1993 to 790,000 in 1998. In 1994, the $35 billion in subprime mortgages represented less than 5 percent of all mortgage originations. By 1999, subprime lending had increased to $160 billion—almost 13 percent of the mortgage origination market. http://www.huduser.org/publications/pdf/brd/12Bunce.pdf Your boy Clinton and his changes to the CRA. Barney Frank just got married. I wonder if Chris Dodd was his flower girl? I don't know why I thought of them?