12M jobs in 4 years

[a777pilot]

Laying all of the blame for the economic downturn in 2006 (when the Democrats took over Congress) on the Democrats while giving all of the praise for the economy during Clinton's 8 years is a revisionist history that only a blind partisan would make.

I don't. Unlike obama, Clinton had been a governor and knew how to work with others. That combination of a Republican Congress and an experienced Democrat in the White House worked fairly well. Much like Reagan and O'Neill.

 

[Phokus]

I don't. Unlike obama, Clinton had been a governor and knew how to work with others. That combination of a Republican Congress and an experienced Democrat in the White House worked fairly well. Much like Reagan and O'Neill.

Bullshit, the Republicans have gotten FAR crazier. Even when Democrats agree to cut spending, Republicans sabotage the efforts.

http://tpmdc.talkingpointsmemo.com/...rs-renege-on-debt-limit-deal-defense-cuts.php

The days of the moderate republican are dead.

 

[a777pilot]

Bullshit, the Republicans have gotten FAR crazier. Even when Democrats agree to cut spending, Republicans sabotage the efforts.

http://tpmdc.talkingpointsmemo.com/...rs-renege-on-debt-limit-deal-defense-cuts.php

The days of the moderate republican are dead.

That's becuase these so called spending cuts are always tied to a tax increase. We all know what that means....no spending cuts but the tax increases stand.

I agree with the death of the moderate Republican, but it is also the era of the end of the rational Democrat.

 

[blankslate]

There's nothing Mitt Romney won't say to get elected...

his problem so far is finding the right combinations of things to say while making people forget he has said something diametrically opposed to them earier...

 

[Matt1970]

There's nothing Mitt Romney won't say to get elected...

his problem so far is finding the right combinations of things to say while making people forget he has said something diametrically opposed to them earier...

Atleast with Romney there is the chance he will deliver on his promises. We already know Obama won't.

 

[mshan]

FWIW, here is Morningstar's economist's take on jobs report:

pre- report: http://www.morningstar.com/cover/videoCenter.aspx?id=562561&region=us&culture=

today post-report: http://www.morningstar.com/cover/videocenter.aspx?id=563032 :thumbsup: (commentary provides a lot of basic explanation of the government's statistics, in addition to actual commentary about this particular report)




Reader comments from previous reports seem to suggest he has a bullish bias, but video clips I've seen recently seem to show he has analysis worth watching.

I haven't watched the second clip yet, but tone from his recent video clips seems to indicate he thinks that there is still concern that slowdown that showed up suddenly last month may still indicate that economy has shifted into lower gear (forcing Bernanke to act), but another month or two of data is required to confirm or refute that hypothesis.

 

[CPA]

That's what is seems like lately. Promise the world to get into the White House and then spend the next 4 years creating excuses why you can't deliver on those promises.

Same as it ever was.

 

[werepossum]

Meh. No different from Obama promising he would cut the deficit in half his first term. Everything a politician says in the election cycle (which is increasingly continuous) is geared to achieving election/re-election.

 

[BoberFett]

LOLiticians!

 

[First]

.....there is the chance he will deliver on his promises....

lol, you're so unintentionally funny.

 

[First]

Meh. No different from Obama promising he would cut the deficit in half his first term.

Sort of an irrelevant point since that was said months before the Lehman collapse.

Everything a politician says in the election cycle (which is increasingly continuous) is geared to achieving election/re-election.

True.

 

[MooseNSquirrel]

THE POWER OF TRICKLE DOWN WILL SAVE US ALL.


just like last time

 

[RampantAndroid]

That's what is seems like lately. Promise the world to get into the White House and then spend the next 4 years creating excuses why you can't deliver on those promises.

Sure you're not thinking of the current bozo in office?

 

[Pr0d1gy]

Either candidate will do this. This is because they will make our workforce competitive again by turning this country into a Marxist/Lenninist authoritarian state and paying us $.50 an hour like the other oppresive countries do. You all need to wake up:

http://www.youtube.com/watch?v=qvoZCtpYCRI

 

[mshan]

"Same-store sales reports on Thursday truly took markets by surprise. The monthly ICSC data showed same-store sales growth of 4.6% in July, the best showing since March. Then on Friday, a stronger-than-expected employment number forced all the nattering nabobs of negativism to reconsider their "we're in a recession now" mantra, a least for a day."

...


"the July retail sales report finally reversed several months of weakening spending data. The recent weakness in spending seemed odd because consumer incomes have seen some of their best improvement during the last two quarters, compared with the recent past. With increased spending in July, the income numbers make a little more sense again."

...


"I was very pleased to see stronger same-store retail sales growth for July when it was reported on Thursday. At the end of the week we had a poor consumption figure for June, suggesting that consumption fell by 0.1% in June when adjusted for inflation. This came despite several months of solid income growth (which caused the monthly savings rate to spike to 4.4%).

Apparently consumers got back to their shopping ways in July as year-over-year, same-store sales growth increased 4.6%, according to the International Council of Shopping Centers. This was far above more modest expectations of 3% growth. With the exception of luxury goods retailers, every category looked better than June's rather dismal showing."




http://news.morningstar.com/articlenet/article.aspx?id=563121

"The Economy Is Neither a Roller Coaster, Nor a Sporting Event

The media loves to talk about an economy that races ahead and then slumps, like some poor Olympic competitor. But the reality is that the world is a little more stable and flexible than the media would have you believe. When something goes amiss, consumers react and adjust. Gas prices go up, we buy smaller cars. Jobs get scarce, we go back to school. We adapt, but sometimes not fast enough for the short-term economic indicators.

It is really easy to fall into the trap of looking at monthly and quarterly numbers and annualizing them--and seasonal adjustment factors that have run amok aren't helping any, either. The table below shows an economy that is flowing at a steadier rate than many give it credit for. (referring to chart 2 above)"




(same Morningstar link as above)

 

[Matt1970]

Sure you're not thinking of the current bozo in office?

Oh that includes him too.

 

[dmcowen674]

12M jobs in 4 years

Oh, Mitt... is there anything you won't say to try to get elected?

There is no way Republicans would ever bring back enough manufacturing jobs to the U.S. to support over 250,000 jobs a month coming back.

Looks like he would however end the war on drugs because he is apparently smoking something stronger than tobacco.

 

[blankslate]

Atleast with Romney there is the chance he will deliver on his promises. We already know Obama won't.

Utter and complete bullshit. The quality of your posts as pleasant as coming home to find that someone has taken a huge steaming dump on my doorstep.

 

[dmcowen674]

Originally Posted by Matt1970
Atleast with Romney there is the chance he will deliver on his promises. We already know Obama won't.

Utter and complete bullshit. The quality of your posts as pleasant as coming home to find that someone has taken a huge steaming dump on my doorstep.

Don't feed the paid shill

 

[piasabird]

After a crash it is only natural that you will receive some improvent. People still need to eat, wear clothes and cut the grass and cars to get around. Somehow even desperate people have money to buy the new i-phone and i-pad.