RE: President Obama says "The private sector is doing fine"

RE: President Obama says "The private sector is doing fine" (Full Version)

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vincentML -> RE: President Obama says "The private sector is doing fine" (6/12/2012 5:52:04 AM)
~FR~ Reducing the size of government during a recession or early recovery is just plain stupid because aggregate demand is reduced. School teachers, firemen, policemen, first responders, etc without paychecks can't buy much. Nixon said "We are all keynesians now." The current dumbass Republican House of Representatives did not keep the memo, or . . .?

Yachtie -> RE: President Obama says "The private sector is doing fine" (6/12/2012 8:56:21 AM)
fr Private-sector jobs are still down by 4.6 million, or 4%, from January 2008, when overall employment peaked. Meanwhile government jobs are down just 407,000, or 1.8%. Federal employment actually is 225,000 jobs above its January 2008 level, an 11.4% increase. That’s right, up 11.4%. Payroll change since January 2008 Total: -5.01 million -3.6% Private: -4.61 million -4% Government: -407,000 -1.8% Federal Government: (excluding post office) +225,000 11.4% Sources: Labor Department, Datastream

Musicmystery -> RE: President Obama says "The private sector is doing fine" (6/12/2012 9:03:51 AM)
Figures from January 2009 would be more useful.

tazzygirl -> RE: President Obama says "The private sector is doing fine" (6/12/2012 9:05:13 AM)
So, let me get this straight. You are expecting employment levels to return to Jan 2008 levels?

Owner59 -> RE: President Obama says "The private sector is doing fine" (6/12/2012 9:05:46 AM)
Not sure the cons get it (don`t care either) but you`re going to need more than a dip in an indicator to win the presidency. It`ll take more than cons complaining......for Mitt to beat President Obama. Ya`ll are going to have to offer something more than boasting how much better Mitt can do. And explain......specifically how Mitt would improve things. We`ve got plenty of time between now and Nov. for Mitt to explain.

vincentML -> RE: President Obama says "The private sector is doing fine" (6/12/2012 10:32:36 AM)
1. Obama's comments were with respect to public sector jobs particularly at the State and Local level. You really should listen more carefully. 2. The Federal Govt employed less civilians in the Executive Branch in 2010 than it did in 1988, the last year of the great Republican government downsizer, Ronnie Reagan. The growth of big government is a myth. 3. If Big Corps would stop manufacturing overseas with cheap/slave labor we would have a hellova lot more private employment in the United States. 4. Additionally ■Revenue from the corporate income tax fell from between 5 and 6 percent of GDP in the early 1950s to 1.3 percent of GDP in 2010. So, not only are corporations exporting jobs they are paying less taxes. Unmitigated bullshit from the Right. American corporations never had it so good.

Musicmystery -> RE: President Obama says "The private sector is doing fine" (6/12/2012 10:56:56 AM)
quote: ORIGINAL: Musicmystery Figures from January 2009 would be more useful. [image]http://thegreatrepublican.com/wp-content/uploads/2012/05/bls-jobs-2009-2012.jpg[/image]

Yachtie -> RE: President Obama says "The private sector is doing fine" (6/12/2012 11:59:33 AM)
fr Just FYI... On May 7 we said that "without various temporal adjustments, the April surplus of $58 billion would have been completely netted out by the cumulative $57 billion in deficit time shifts." More importantly, we said, "In other words, enjoy the surplus while you can: for another 30 or so days." Sure enough, 30 days later, the number is out, and it is back to normality: the US recorded a deficit of $125 billion in May, on outlays of $305 billion and revenues of $181 billion. And so the "surplus" miracle is over.

Musicmystery -> RE: President Obama says "The private sector is doing fine" (6/12/2012 12:21:04 PM)
What makes me sigh about all the parsing of data for the appropriate spin in whatever direction is that it ignores the reality. Jobs aren't going to come back quickly. They just aren't, and it doesn't matter who is elected. Oddly, one factor--incidental, not to his credit--that would help uncertainty would be re-election and a Democratic Congress, because that would send the message "Yes, the 2014 health care launch is definitely on," and businesses could move ahead. A Romney win--and not his fault--would continue the uncertainty. That's just one factor of many, of course.

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