Romeny up by 4 in Rasmussen

[Mr. Big Dog 10,747]

Been hitting that 'ol Florida swamp juice today?

No, those that hit the FL swamp juice will vote for Mitt. I'm not one of them.

Watch your footing on that slippery slope.

What slippery slope? If you believe that the economy today is worse than the economy in Jan / Feb 2009, you're suffering a condition of some sort.

[Sofiyya 1,687]

Neither of these clowns is worth fighting over.

[Mr. Big Dog 10,747]

And what pray tell does my Martial status have to do with it . LOL.. You have really slipped the knot .

Actually.. Unemployment is worse. Gas is higher, The Misery index was 7.39 when Bamer took office 9.79 now.

As I said, it takes a divorce from reality.

The unemployment rate as of the end of last month was the same as it was in Jan 2009 - 7.8%.

Gas is higher because the economy here and globally is in significantly better shape than it was back then.

The consumer confidence index stood at 38 in Jan 2009 and stands at 70 today.

The economy is adding jobs at a modest clip today rather than shedding them at a rapid clip as it did back then.

The US had a significantly better recovery than most industrialized nations.

There, that's reality. Try to catch up with it.

[The Nature Boy 4,224]

As I said, it takes a divorce from reality.

The unemployment rate as of the end of last month was the same as it was in Jan 2009 - 7.8%.

Gas is higher because the economy here and globally is in significantly better shape than it was back then.

The consumer confidence index stood at 38 in Jan 2009 and stands at 70 today.

The economy is adding jobs at a modest clip today rather than shedding them at a rapid clip as it did back then.

The US had a significantly better recovery than most industrialized nations.

There, that's reality. Try to catch up with it.

That is your reality. Your reality is like a ride thru a garbage dump with blinders on and a pot full of Odoban between your knees. Your surrounded by the truth but you can admit it.

The consumer confidence survey.. really.. Just blame Bush it makes more sense.

[Bad_Daddy 2,209]

http://www.huffingtonpost.com/sheldon-filger/controversy-over-us-unemployment_b_1945235.html

Controversy Over U.S. Unemployment Rate Masks The Real Issue Underlying America's Crisis

Posted: 10/08/2012 11:53 am

The Bureau of Labor Statistics latest jobs report suggested 114,000 non-farm jobs were added in September, while the national unemployment rate dropped from 8.1 percent to 7.8 percent. With the U.S. presidential election only one month away, the Republicans naturally claimed that something was fishy about the jobs report. Just as naturally, the Obama administrations maintained that the BLS statistics are compiled by non-partisan professional bureaucrats. So, what's the answer?

They are both right. The BLS numbers may be honestly compiled, but they are based on abstractions and sampling assumptions, and are frequently corrected long after their original release. Furthermore, the numbers being argued about are the U3 data, which is an incomplete measure of unemployment in the U.S. economy. The more reliable U6 data, which includes part-time workers unable to find full-time employment, is still well into double-digit figures.

The more interesting aspect of the latest LBS data is this: Even if the 114,000 new jobs figure is correct, it is below the level required to match new entries into the labor force. In other words, the U3 (and U6) rate should have risen instead of declined. Why didn't it? Simple explanation: the long-term unemployed are being "removed" from the statistical measurement of the labor force. If the BLS considers you a "discouraged" worker, you are no longer compiled under the data for unemployed workers. This may look more positive for the upcoming presidential election if you are President Barack Obama, but it does nothing to facilitate economic growth.

There is another dimension to the Bureau of Labor Statistics data which demonstrates its utter irrelevancy to the overall health of the economy. The numbers in the BLS report, or the claims by the Obama campaign regarding total jobs creation since the president took office, not to mention GOP candidate Mitt Romney's boast that as president, he would somehow "create" 12 million new jobs, miss what is most relevant to a comprehensive economic recovery in the United States. The real issue is the decline in purchasing power by the U.S. labor force, concomitant with a parallel increase in economic power of a very small financial oligarchy. As is well known by labor statisticians, frequently the new jobs created (or promised) are actually lower paying full-time jobs, or part-time positions with significantly reduced levels of compensation. The cumulative impact of this phenomenon has been the erosion in the size and collective purchasing power of America's middle-income labor force, leading to weaker consumer demand and a collapse in housing values. Neither President Obama nor Governor Romney has on offer a realistic and cogent plan to address the real core issue underlying the factors that have left the U.S. labor force diminished not only in its employee count, but more importantly, in its financial capacity. Until the latter issue is addressed, all the promises made by American politicians for a future economic recovery are political rhetoric and nothing more.

Edited October 24, 2012 by Bad_Daddy

[sly_wolf 199]

When all else fails.. Blame Bush. So why was 2011 worse than 2010 and 2012 has been worse than 2011.

Why where gas prices 1.89 when he took over because of a slow economy but 4 dollars now and the economy is worse.?

What did you expect after a near collapse of the entire economy at the end of 2008? Based on that alone I can say yes that things are better than they were at that time. The economy was also expected to takes years to recover. Lets just forget the many facts including the one that gas prices also peaked at over $4 back in 2008.

[I AM NOT THAT GUY 5,715]

What slippery slope? If you believe that the economy today is worse than the economy in Jan / Feb 2009, you're suffering a condition of some sort.

Or, you choose not to see those things that threaten your perception of reality.

[I AM NOT THAT GUY 5,715]

What did you expect after a near collapse of the entire economy at the end of 2008? Based on that alone I can say yes that things are better than they were at that time. The economy was also expected to takes years to recover. Lets just forget the many facts including the one that gas prices also peaked at over $4 back in 2008.

So? What you want to notice, is how long prices have stayed at peak levels. That is the difference, between now, and 2008.

[The Nature Boy 4,224]

What did you expect after a near collapse of the entire economy at the end of 2008? Based on that alone I can say yes that things are better than they were at that time. The economy was also expected to takes years to recover. Lets just forget the many facts including the one that gas prices also peaked at over $4 back in 2008.

GDP is growing slower this year than last. down to 1.3 Hardly a recovery

[Mr. Big Dog 10,747]

That is your reality. Your reality is like a ride thru a garbage dump with blinders on and a pot full of Odoban between your knees. Your surrounded by the truth but you can admit it.

The consumer confidence survey.. really.. Just blame Bush it makes more sense.

That's not my reality, it's reality. Our peers internationally - save the resource economies of Canada and Australia - have come back from the global recession much more slowly than we have. All of the countries that banked on the Republican course of austerity are back in recession with growing deficits and debts. That's where we would be if the Republicans had their way. That's the real world. You have created an alternate reality for yourself in which a severe recession is better than and preferable to a moderate recovery.

[Mr. Big Dog 10,747]

GDP is growing slower this year than last. down to 1.3 Hardly a recovery

That's twice the clip of growth projected for those other industrialized countries that are still growing. Some of our peers went down the path that Republicans want to take and those are all - without exception - back in recession booking growing deficits and debts.

[sly_wolf 199]

That's twice the clip of growth projected for those other industrialized countries that are still growing. Some of our peers went down the path that Republicans want to take and those are all - without exception - back in recession booking growing deficits and debts.

Yes, and the only thing Mitt has made very clear is that he intends to blow a lot more money on military spending. His economic solution will be to go to war with Iran.

[sly_wolf 199]

So? What you want to notice, is how long prices have stayed at peak levels. That is the difference, between now, and 2008.

There are many factors which cause the price of gas to fluctuate and I dont expect that Mitt will have any influence on that either. I suspect he may even tax gas to fund his military spending objectives.

[one...two...tree 2,762]

[Karee 4,190]

That changed my vote. I'm Obama all the way now.