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Response to Robbins (Reply #3)

Fri Aug 3, 2012, 11:42 AM

15. Not sure.

I think we're still at negative job growth under Obama, but it's close to breaking even for 2/09 to the present. My #s might be a couple of months stale.

Job growth hasn't been horrible--not good, but not horrible--under Obama, if you discount the first few months. You have to watch what is happening at the beginning and cut-off dates to make sense of the #s. Otherwise they're just numbers and not so meaningful.

If you abstract away recessions, you get #s that aren't too different. In 2001 nobody could "inherit a recession"--you had to man up for any economic conditions the week you were inaugurated; 12 years later, you're no responsible for things 3 years after inauguration. So first thing, remove the politics. Politics is rhetoric, and rhetoric is a different field from logic. Logic helps understanding; rhetoric is to convince people, whatever it takes.

The cry in the '00s was always that #s like 100k or 150k jobs/moth created was less than needed, the recovery was weak, etc. Those #s aren't much different from now. The spin is different. Spin is rhetoric. We seem to be having a recession every 9-10 years. The trendline for job creation during recovery is heading downward. What logical use you make of those is still up for grabs.

(on edit: The nifty chart that came up to near the present had a bad link character. Under Obama, there was an early spike and then the line looks very much like 2004.)

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mahatmakanejeeves Aug 2012 OP
flpoljunkie Aug 2012 #1
flpoljunkie Aug 2012 #2
CBHagman Aug 2012 #4
ladjf Aug 2012 #13
jtuck004 Aug 2012 #18
Robbins Aug 2012 #3
flpoljunkie Aug 2012 #6
LineLineNew Reply Not sure.
Igel Aug 2012 #15
BeyondGeography Aug 2012 #5
liberallibral Aug 2012 #7
RBInMaine Aug 2012 #9
BeyondGeography Aug 2012 #11
RBInMaine Aug 2012 #8
pinqy Aug 2012 #10
jinx1 Aug 2012 #16
MannyGoldstein Aug 2012 #20
earthside Aug 2012 #12
4th law of robotics Aug 2012 #17
bhikkhu Aug 2012 #21
stockholmer Aug 2012 #14
vkkv Aug 2012 #19
alp227 Aug 2012 #22
Name removed Sep 2013 #23
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