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What happened to all of the doom and gloom economic threads?

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vetteman said:
You are too emotionally and intellectually invested in everything Obama to have any kind of truthful examination of the facts concerning his regime.

PS: Are they not adjusted weekly after their release? Damn right they are.
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Oh so if someone doesn't agree with your paranoid idea that the BLS was tampered with, they're "emotional". And your angry paranoia is not. :rolleyes: The BLS numbers make perfect sense, you just don't understand them so you inserted a conspiracy theory to bridge the gap in your own ignorance. Let me explain what's going on to you and your ilk.

Facts from the BLS report:
1) Payroll increased 114k Sept
2) Payroll increased 86k in previous months from new data
3) Total employment rose 873k in September.
4) The number of Americans "not in the labor force" (ie disabled, maternity leave, college, etc) dropped 111k.
5) The number of Americans who want a job (including people wanting a second job) dropped 130k.
6) The employment-to-population ratio rose 0.4% in September.
7) The civilian labor force participation rate is at 63.7%, a slight increase.
8) The number of discouraged workers declined -235,000 in September.
9) Work weeks were slightly longer.
10) Wages were slightly higher.
11) The civilian labor force rose 418k.

So what's going on here? Most people who don't understand the report are simply focusing on the month-to-month payroll change and not the actual employment numbers. What you need to look at is the broader jobs picture which shows a number of factors coming together to drop the unemployment rate. What you need to more strongly consider is #3, total employment and the change in #5. The unemployment rate is based off total employment - that's where you're getting tripped up. Do you understand what I'm telling you? This is actually junior high math here.

People also keep saying that we need to add 150k jobs just to keep up with population growth but this isn't accurate. For example, right now people turning 18 are starting college, trade school, and ending seasonal summer employment to do other things with their lives so there are far fewer than 150k new workers aging into working age and immediately wanting jobs. The number might be 150k over time but right now population growth is presently far less of a factor.

You will say that using things like math and facts to back my point makes me emotional or whatever though. Shrug.
 
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vetteman said:
You are too emotionally and intellectually invested in everything Obama to have any kind of truthful examination of the facts concerning his regime.
Click to expand...

Have you any idea how funny this statement is, coming from such a conservative one-red-eyed person such as yourself?
 
Greece is politically and economically bankrupt. Unemployment is 24.4% and destined to get much worse with the latest round of austerity measures.

Worse yet, Greece is still encumbered by massive layers of bureaucracy that makes it difficult to get anything done.

Yesterday, in a massive breach of security, Greek citizens stormed the defense ministry. This has German chancellor Angela Merkel willing to take a chance on a trip to Greece next week.

Today, Antonis Samaras, the Greek Prime Minister warns of societal disintegration without urgent financial aid.

Antonis Samaras says Greece's democracy is in danger, comparing situation to Germany's pre-war Weimar Republic

Greece is teetering on the edge of collapse with its society at risk of disintegrating unless the country's near-empty public coffers are shored up with urgent financial aid, the country's prime minister has warned.

Almost three years after the eruption of Europe's debt drama in Athens, the economic crisis engulfing the nation has become so severe that democracy itself is now imperiled, Antonis Samaras said.

Resorting to highly unusual language for a man who weighs his words carefully, the 61-year-old politician evoked the rise of the neo-Nazi Golden Dawn party to highlight the threat that Greece faces, explaining that society "is threatened by growing unemployment, as happened to Germany at the end of the Weimar Republic".

Mounting anti-austerity rage before a new round of sweeping EU-IMF-mandated austerity measures appears to have caught the government off-guard, with officials voicing fears over the ability of Samaras's fragile coalition to survive.
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Read more at http://globaleconomicanalysis.blogspot.com/#SfO4qcomskMLHmLx.99
http://www.guardian.co.uk/world/2012/oct/05/greek-prime-minister-society-disintegrate
 
If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors


Nothing like revisionist Economics on the fly...
 
President Obama's lecture on how "you didn't build that" still rankles hardworking business owners and entrepreneurs. Offered for your consideration is an international example of people building their dream business in a country that in its recent past said that not only didn't you build that, but you don't even own it.

The country is Poland, and the company is Arrinera Automotive. As you'll read, it's evident that Obama's comment would sound just as ignorant in Warsaw as it did here. My e-mail question-and-answer interview with Arrinera's CEO Łukasz Tomkiewicz illustrates how Poland's free-market economy allowed him to pursue his lifelong passion of building a supercar. And like millions of American business owners, he doesn't buy "you didn't build that" either.

Established in 2008, Arrinera is a Basque and Italian derivation that translates to "truly streamlined." Their mid-engine Hussarya is a name that refers to Poland's powerful 17th-century Hussar cavalry. Arrinera is also building history, since it's the first ever Polish-designed and built supercar.

Supercar status is the automotive performance and design pinnacle, and the Hussarya is noteworthy for a couple of reasons. One is styling, which in my opinion is distinctive in this era of lookalike mid-engine Ferraris and Lamborghinis. A major ail is its General Motors 6.2L LS9 supercharged V8. Delivering 650 horsepower, this all-aluminum engine is a world-class performer equal to any Porsche, Ferrari, or Lamborghini production engine. Spurring 2,860 pounds, this small-block powers 3.2 second 0-60 times, 11-second quarter-miles, and a 211-mph maximum, all numbers which place it solidly in the supercar performance category.

In addition to styling and performance, it has a premium leather and composite material interior designed for comfortable cruising on Polish motorways. Suggested list for the 175-inch-long, 46-inch-high Hussarya is $160K.

Under the former communist regime, Arrinera could never have existed. As Tomkiewicz explained, "nder communist rule there would be no political permission to produce such an exclusive car, which would have been a contradiction of the communist idea of egalitarianism." He continued, "Companies were mostly state owned and nothing could have been done without permission." One automotive industry aspect is car shows, where management sees new vehicles and cultivates professional relationships. Under the communists, official travel permission was required, and it wasn't easy to get.

And even if Arrinera did get started, thanks to Communist Party cronyism, the Hussarya couldn't have been built -- literally, because there wasn't the parts support infrastructure. When Carroll Shelby built his first Cobra in 1962, any parts he needed, from engines to hose clamps, were a phone call away. In Poland, that didn't exist. Tomkiewicz commented, "There was literally nothing in shops except vinegar, and even toilet paper was a problem."

Arrinera is a small company. Tomkiewicz indicated there are ten employees, mostly freelancers, and it's involved with cooperating companies. The factory will be located in Gliwice, and they've partnered with SILS Centre for its production experience. Unlike Fisker Automotive's half-billion-dollar DOE credit line, Arrinera's initial capitalization is a modest $3 million. This is a capitalist example of companies and individuals freely associating to ultimately make a profit. And unlike Fisker's crony capitalism, the Polish government didn't fund Arrinera.

Tomkiewicz explained that attracting company investors was a challenge. "At the beginning," he e-mailed, "they were skeptical. Initial talks were challenging because it was a one of a kind project," particularly since Polish auto industry had zero history with this vehicle class. Investor trust combined with Arrinera team enthusiasm got the project funded.

After Lech Walesa's and Solidarity's victory over the communist government, Poland embraced a free-market economy, which Mitt Romney praised during his July visit. Tomkiewicz summed up the major economic changes that allowed Arrinera to be born. They were "[a] free market, access to innovation, information and advanced technologies, private capital and contact with people and companies." Note that he didn't mention government, or the fact that government was benevolent enough to build roads and bridges.

But what, if anything, did government do? "Obviously the [Polish] government is trying to make many things easier for business, but it doesn't have much to do with failure or success of Polish business owners," was Tomkiewicz's response. We could use a lot more of that thinking here.
Click to expand...

http://www.americanthinker.com/2012/10/building_that_poland_vs_obama.html
 
mercury14 said:
Oh so if someone doesn't agree with your paranoid idea that the BLS was tampered with, they're "emotional". And your angry paranoia is not. :rolleyes: The BLS numbers make perfect sense, you just don't understand them so you inserted a conspiracy theory to bridge the gap in your own ignorance. Let me explain what's going on to you and your ilk.

Facts from the BLS report:
1) Payroll increased 114k Sept
2) Payroll increased 86k in previous months from new data
3) Total employment rose 873k in September.
4) The number of Americans "not in the labor force" (ie disabled, maternity leave, college, etc) dropped 111k.
5) The number of Americans who want a job (including people wanting a second job) dropped 130k.
6) The employment-to-population ratio rose 0.4% in September.
7) The civilian labor force participation rate is at 63.7%, a slight increase.
8) The number of discouraged workers declined -235,000 in September.
9) Work weeks were slightly longer.
10) Wages were slightly higher.
11) The civilian labor force rose 418k.

So what's going on here? Most people who don't understand the report are simply focusing on the month-to-month payroll change and not the actual employment numbers. What you need to look at is the broader jobs picture which shows a number of factors coming together to drop the unemployment rate. What you need to more strongly consider is #3, total employment and the change in #5. The unemployment rate is based off total employment - that's where you're getting tripped up. Do you understand what I'm telling you? This is actually junior high math here.

People also keep saying that we need to add 150k jobs just to keep up with population growth but this isn't accurate. For example, right now people turning 18 are starting college, trade school, and ending seasonal summer employment to do other things with their lives so there are far fewer than 150k new workers aging into working age and immediately wanting jobs. The number might be 150k over time but right now population growth is presently far less of a factor.

You will say that using things like math and facts to back my point makes me emotional or whatever though. Shrug.
Click to expand...

Just asking. 47 + on some sort of goverment help. Where might they fit into your type of math?
 
Is'nt there to be one heck of a sell off, due to a 2013 deadline ?
Click to expand...





From Standard & Poor's website ( http://www.standardandpoors.com/ser...lobwhere=1244172530955&blobheadervalue3=UTF-8 ):


Emphasis supplied
...“At this point taxes are a major concern for dividends. Under current legislation, taxes on dividends to individuals almost triples in 2013, going from 15% to 43.4%. From a planning perspective, this will force corporations to examine their return to shareholders policy, potentially pull back on dividend increases, and increase share buybacks. From an individual investor’s prospective, the risk-return ratio shifts significantly since an investor would now be keeping less than 57 cents on the dollar compared to the current 85 cents,” adds Silverblatt...
Click to expand...



Translation: It's called taking nearly half the income from people dependent on dividends.


 
IrezumiKiss said:
Blaming your online dyslexia and bad vocab skills on auto-type is for loosers.
Click to expand...

Especially since "looser" is not a word that is auto-corrected when you type in "loser" on an android tablet.

Typical right wing lack of taking responsibility. You see it here every day.
 
Cummins cuts back workweek at Central Indiana factory


Cummins spokesman Jon Mills tells The Republic that the company also has reduced the workweek at factories in Jamestown, N.Y., and overseas in Brazil.

The Columbus-based company said last month it had instituted a global hiring freeze after seeing a recent drop in sales in some of its markets in North America, China and Brazil.

http://www.msnbc.msn.com/id/49300658/ns/local_news-indianapolis_in/#.UHBHWhhOlIs
 
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