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RE: President Obama says "The private sector is do... - 6/12/2012 5:52:04 AM   
vincentML


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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 . . .?

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RE: President Obama says "The private sector is do... - 6/12/2012 8:56:21 AM   
Yachtie


Posts: 3593
Joined: 1/18/2012
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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






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“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

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RE: President Obama says "The private sector is do... - 6/12/2012 9:03:51 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Figures from January 2009 would be more useful.

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RE: President Obama says "The private sector is do... - 6/12/2012 9:05:13 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		So, let me get this straight.

You are expecting employment levels to return to Jan 2008 levels?




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RE: President Obama says "The private sector is do... - 6/12/2012 9:05:46 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		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.

< Message edited by Owner59 -- 6/12/2012 9:06:35 AM >

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RE: President Obama says "The private sector is do... - 6/12/2012 10:32:36 AM   
vincentML


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Joined: 10/31/2009
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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.

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RE: President Obama says "The private sector is do... - 6/12/2012 10:56:56 AM   
Musicmystery


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quote:

ORIGINAL: Musicmystery

Figures from January 2009 would be more useful.



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RE: President Obama says "The private sector is do... - 6/12/2012 11:59:33 AM   
Yachtie


Posts: 3593
Joined: 1/18/2012
Status: offline 		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.



_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to Musicmystery)
Profile   Post #: 68
RE: President Obama says "The private sector is do... - 6/12/2012 12:21:04 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		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.

(in reply to Yachtie)
Profile   Post #: 69
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