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Pic Of The Moment: Not Bad (Original Post) EarlG Jun 2015 OP
K & R Iliyah Jun 2015 #1
President Obama will never get the recognition he deserves denem Jun 2015 #2
Marvellous! Plucketeer Jun 2015 #3
I see that you can not understand how the economy recovered but left you out fasttense Jun 2015 #26
Benghazi! Isis! Taking my guns!! N/t ejbr Jun 2015 #4
See! Obamacare is ruining the economy! N/t underpants Jun 2015 #11
So incredible has been the economic performance after the Great Recession the media are stunned Fred Sanders Jun 2015 #5
And all this from a simple POS used car salesman. nt tridim Jun 2015 #6
Why only private-sector jobs? nt MannyGoldstein Jun 2015 #7
there has been an increase in government hiring at the local level IronLionZion Jun 2015 #13
A right-winger I know claims the economy sucks.... Spitfire of ATJ Jun 2015 #8
Truly disgusting lot... 63splitwindow Jun 2015 #20
Union Jobs? november3rd Jun 2015 #9
I couldn't say it better! Plucketeer Jun 2015 #12
and the markets HATE it! RussBLib Jun 2015 #10
Not good either zipplewrath Jun 2015 #14
Unbelievable lakers4life Jun 2015 #15
Not bad d_legendary1 Jun 2015 #16
I knew there would be whining.. Thanks for highlighting the positive news, EarlG. Cha Jun 2015 #17
This guy is gonna go down in history as one of the TOP ten in the POTUS gig. MADem Jun 2015 #18
And yet THIS won't be news. tavernier Jun 2015 #19
Technical quibble with caption Jim Lane Jun 2015 #21
Thanks for posting, Earl G! eom BlueMTexpat Jun 2015 #22
K & R SunSeeker Jun 2015 #23
Fantastic news but... Cosmic Dancer Jun 2015 #24
There is one downside though and thats the largely stagnant wages cstanleytech Jun 2015 #25
This is all Obama's fault IronLionZion Jun 2015 #27
weak jobs wtbyan2 Jun 2015 #28
Losing 700,000 Jobs Per Month Is Considered An Accomplishment By Republicans cantbeserious Jun 2015 #29
the rhight whingers rafeh1 Jun 2015 #30
 

denem

(11,045 posts)
2. President Obama will never get the recognition he deserves
Fri Jun 5, 2015, 12:56 PM
Jun 2015

In 2010 the unemployment rate crossed into a WWII record of 18%% when the Federal Government'sassistance to Citibank failed. Unemployment went on to top 22% when Ford, the last automaker standing in Detroit filed for Ch.7, taking their dealer network with them. American consumers, already worried about the orospect of a 1930s style Depression, had their worst fears confirmed in August when President McCain announced more tax cuts for job creators ...

 

Plucketeer

(12,882 posts)
3. Marvellous!
Fri Jun 5, 2015, 01:12 PM
Jun 2015

Jobs graph trending skyward - Income graph FLAT-LINED! And I'd bet the TPP is gonna lock these graphs into place. Yea!

 

fasttense

(17,301 posts)
26. I see that you can not understand how the economy recovered but left you out
Sun Jun 7, 2015, 06:41 AM
Jun 2015

The truth is, like you posted, some more jobs have been created but they have low low wages. Many more people have simply dropped out of the economy - the participation rate is dismal. Many of those jobs are part time.

So if you or someone's you love still can't find a job, if the job you found requires twice the work but half the salary, or if you became self employed out of desperation or are a subcontractor with all the expenses but none of the profits don't feel bad. The so called recovery really only affected the richest among us.

And if the TPP passes, watch those few remaining jobs go bye-bye.

Fred Sanders

(23,946 posts)
5. So incredible has been the economic performance after the Great Recession the media are stunned
Fri Jun 5, 2015, 01:28 PM
Jun 2015

into silence on it, the easily available graphics to prove the remarkable ness of it all for near economic collapse - thanks to another failed economic performance by the trickle down pissers - are verboten in Propaganda Nation and now the media moguls of America must resort to, in addition to the usual background fearmongering, scrapping the ad hominem bottom of the barrel to help hide the increasingly exposed GOP agenda.

America has seen the happenings in Wisconsin and Kansas even if the mass media is "missing" it.

IronLionZion

(45,256 posts)
13. there has been an increase in government hiring at the local level
Fri Jun 5, 2015, 04:50 PM
Jun 2015

which is directly tied to property tax revenue, which is directly tied to housing prices

 

Spitfire of ATJ

(32,723 posts)
8. A right-winger I know claims the economy sucks....
Fri Jun 5, 2015, 02:25 PM
Jun 2015

I told him Obama has created millions of jobs and he said, and I quote, "What does a ni**er know about jobs?"

He was serious too.

 

63splitwindow

(2,657 posts)
20. Truly disgusting lot...
Fri Jun 5, 2015, 11:32 PM
Jun 2015

... those right-wingers. Totally self-deluded pawns in the mega-wealthy's world.

 

november3rd

(1,113 posts)
9. Union Jobs?
Fri Jun 5, 2015, 02:29 PM
Jun 2015

The Times had this to say (not that they're the last word anymore),

"Carl Tannenbaum, chief economist at Northern Trust.

He added that he was encouraged by the growth in wages, which have now risen 2.3 percent over last year. “It’s good for workers and also a sign that capacity in the labor market is being utilized more fully.”

This attitude toward "workers" is toxic. How much have this fat cat's salary and bonus risen over last year?

Want to increase wages? Give everybody the right to join a union, introduce universal single-payer health care, cut Defense by 25%, provide free child care and public education, provide affordable housing for everybody. Then, even if people make the same wage, they'll have a lot more disposable income.

 

Plucketeer

(12,882 posts)
12. I couldn't say it better!
Fri Jun 5, 2015, 04:23 PM
Jun 2015

Job numbers are one thing. And as I've said before - some of these "American" companies are bringing a few jobs BACK from overseas. Loudly crowing about it as they do so. But it's NOT some sort of patriotic fervor that's inciting them to do so - it's the fact that the U.S. labor force has been numbed enough to take wages they would have LAUGHED AT 10 - 15 - 20 years ago.

I'm usually just a "replier" here on DU. But I have yet to see someone other'n me sounding off as to the overall strategy being perpetrated against the US and other "advanced nations". We're being leveraged into a world where EVERY NATION that wants jobs for it's citizens has to GET IN LINE with a WORLD wage scale. Hell - that's what the TPP is all about! This global aim has Bill Clinton and various collaborators (such as the POTUS) written all over it.

There's gonna be the "haves" and the rest of us. That's it. God help us - get Bernie Sanders into the Oval Office.

RussBLib

(8,984 posts)
10. and the markets HATE it!
Fri Jun 5, 2015, 03:02 PM
Jun 2015

The markets cannot stand it when a bunch of jobs get created. Now, they are sooooo worried that interest rates will rise SOONER then they had expected! Oh no!!! Crash and burn!! Sell it all!!!

Markets LOVE it when jobs get cut because theoretically companies will be cutting costs. The workers who have lost their jobs? Eh, fuck 'em!

zipplewrath

(16,646 posts)
14. Not good either
Fri Jun 5, 2015, 04:58 PM
Jun 2015

The subject line is more negative than I really want, but a response to the OP subject line.

Look, I shudder to think of what we'd have lived through with 8 years of McCain. It'da been a bunch of austerity nonsense and tax cuts for the rich. We'd still be in a huge funk, and we'd be without an auto industry.

None the less, I don't elect democrats to not be as bad as republicans. As the article to which the OP points we must acknowledge that:

While these emerging signs of growth are promising, the United States remains a long way from full employment. One out of every eleven American workers is still unemployed. Further, many of those who have found new jobs have been reemployed at lower wages and history suggests that their reduced wages are likely to persist for years to come.


The stimulus was too small by half, and Summers wouldn't even consider what Krugman was saying about the size at the time. Geithner has admitted in his book that he was afraid to make the bankers lose their bonuses, and so he paid them 100 cents on the dollar for their toxic assets, guaranteeing that they'd make their bonuses. No one failed their "stress test" and was closed down. The 10% basically recovered their losses, presuming they stayed in the markets. But the middle class, especially the lower middle class, took a hair cut from which they may never recover. Even the White House has admitted at various times that their attempts to help mortgage holders under achieved. And Obama at one point said he learned there was no such thing as "shovel ready".

Yes, he was way better than the alternatives. But he has none the less left much of the American work force "hanging". Yes he's had alot of help from congress, to some extent even from democrats in congress. But at virtually every turn he ignored warnings from those who have turned out to be right, and followed the advice of those that were proven wrong.

Cha

(295,899 posts)
17. I knew there would be whining.. Thanks for highlighting the positive news, EarlG.
Fri Jun 5, 2015, 05:50 PM
Jun 2015
"The Obama Economy Sets A New Record: 63rd Consecutive Month of Private Sector Job Growth"

It would be better if we didn't have a repub congress.. but then they know that.

MADem

(135,425 posts)
18. This guy is gonna go down in history as one of the TOP ten in the POTUS gig.
Fri Jun 5, 2015, 06:29 PM
Jun 2015

The crap he takes...and he doesn't let it get to him.

tavernier

(12,322 posts)
19. And yet THIS won't be news.
Fri Jun 5, 2015, 08:48 PM
Jun 2015

With Jebbie running, this will be buried under the "bushes".

We. Need. To. Shout. It.

Facebook Share It.

Twitter It.

Rinse and Repeat It!!!

 

Jim Lane

(11,175 posts)
21. Technical quibble with caption
Sat Jun 6, 2015, 02:09 AM
Jun 2015

The numbers do not show that "private sector job growth has increased for the 63rd straight month...."

The number of jobs has increased (that's what job growth means), but for job growth to increase, the vertical bars would have to be getting higher each month. Instead, the red dotted line shows that job growth has been essentially flat for several years.

You can see the difference if you look at 2008-09. Under Bush, we were not only losing jobs every month, but the job shrinkage was increasing. That is, each month saw a greater loss than the previous month. If 2008 were on the graph, the red dotted line would be moving downward. You can see that in the full graph found at the first link.)

The stimulus couldn't immediately turn job shrinkage into job growth, but it did turn the tide. The shrinkage became less each month before turning into job growth. The red dotted line turned upward.

The stimulus, however, wasn't big enough. It should have been bigger initially or followed by a second installment. Because it wasn't, the recovery has been weaker than it could have been, as the red dotted line leveled off.

 

Cosmic Dancer

(70 posts)
24. Fantastic news but...
Sat Jun 6, 2015, 01:18 PM
Jun 2015

it doesn't matter how many jobs are created or how well the economy does, this President will not receive any credit from the public at large. The 24 hr hate machine at faux will see to that.

cstanleytech

(26,080 posts)
25. There is one downside though and thats the largely stagnant wages
Sat Jun 6, 2015, 06:56 PM
Jun 2015

and for some like my brother its going to take them years to recoup what they lost due to having to take a pay cut.

IronLionZion

(45,256 posts)
27. This is all Obama's fault
Sun Jun 7, 2015, 10:14 AM
Jun 2015

Most freepers claim the socialist sounding Bureau of Labor Statistics makes up the numbers

And somehow they blame Obama for the recent loss in oil jobs. It's his socialist policies, not the free market lowering prices.

wtbyan2

(1 post)
28. weak jobs
Sun Jun 7, 2015, 05:05 PM
Jun 2015

but when you look at the facts the majority of these jobs are temporary,seasonal,unskilled low paying jobs. exactly the kind of jobs that liberals democrats criticize

rafeh1

(385 posts)
30. the rhight whingers
Sun Jun 7, 2015, 10:39 PM
Jun 2015

are only good at whining and complaining.

On top many companies and individuals have found that doom and gloom sells. They make their living off the right whingers.

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