Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days (dollars, compared, rating)
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"Middle-wage jobs, paying between $13.84 and $21.13, comprised 60% of recession job losses, but only 22% of jobs added in recovery. Higher-wage jobs, paying $21.14 to $54.55, accounted for 19% of recession job losses and 20% of jobs gained in the recovery. "
According to this, the lower skilled/paying jobs have not recovered as well as the higher skilled /paying jobs and apparently, and it's all Obama's fault.
So we are talking about those who used to make $28,787-43,950 a year.
How many of these former jobs were related to the housing bubble?
How many of these former jobs were eliminated by technology?
How many of these former jobs were eliminated by process reorganizations?
How many of these former jobs were found to be able to be performed just as well for less compensation?
How many of these former jobs were federal, state, county and municipal jobs eliminated by cut backs?
Last I checked, Obama's two jobs bills died on the vine, back in 2011.
What's Congress' plan to put people back to work? Kill the bills and cluck-cluck about Obama?
The bottom line is that most major employers are realizing record profits during these " tough times". They no longer need the number of people they used to have to function and demonstrate record profits to their shareholders. They don't need to pay more because the demand for jobs exceeds the supply of people to fill those jobs.
The private corporations who employ the masses are in the retail and food services sectors long known for part time low wage employment. Walmart's dominance in terms of revenues, profits and employment masses goes back to the 80's.
This in the bolded. Private sector through technology and diminishing benefits and stagnate wages have figured out how to make large profits. When the private sector makes more decisions long term instead of short term then we may stop seeing a jobless recovery.
Anyone who posts that a President causes gas prices to increase or decrease should be banned until they learn the concept of futures trading and a market economy.
Quote:
Originally Posted by pghquest
Obama himself said President Bush was responsible for high gas prices.
And McCain blamed socialists like Obama for high gas prices.
Everyone blamed greedy Arabs and SUVs.
Is all fair in love, war and politics?
I suspect none of them had a clue why gas prices suddenly spiked in the summer of 2008.
The reason was that Wall Street opened up a new gaming table called Commodity Index Investing and it became the hottest game in town. The roots can be traced back to 2003 when the CFTC quietly allowed pension funds to enter the casino. Back then pension funds had a lot of choices for investments including private label mortgage-backed security derivatives that were deemed investment grade by independent credit rating agencies.
As the 2000's wore on and markets became more dicey each day, Commodities Index investing was the last thing left on the institutional investment menu that was not completely messed up. The stock market, credit markets and the housing market had or were about to implode. Betting on stuff that people cannot do without, like food, gas and oil made sense. When enough investment money bets prices will go up, they go up.
Anything that they can pin to Obama as some sort of failure they can and will do it. Anything positive and it's somehow proof that Republican policies work. It's this sort of crap that I got tired of hearing daily on Fox News and talk radio. It's pessimism porn.
Earth to Obama voters-
1. If the president does not make any difference, why have one?
2. Does the president not present a budget to Congress?
3. Does the president not veto or sign legislation?
4. Was Obamacare not spearheaded by the President?
5. Did not Obama spearhead the tax increases?
6. Does not the EPA and HUD work through the directive of Obama?
7. Does the justice department not work under the directive of Obama?
8. Did Obama not spearhead the "stimulus"?
9. Does Obama not appoint Supreme Court Justices, "czars", and cabinet members?
THIS IS OBAMA'S ECONOMY AND IT IS A DISMAL FAILURE. OBAMA VOTERS ARE IN DENIAL, AS TO ADMIT THE TRUTH WOULD REQUIRE INTROSPECTION AND THE REALIZATION THAT LIBERAL POLICY DESTROYS ECONOMIES.
How does this post make the point "conservatives lie?" Gallup is a polling organization. Conservatives (whoever they are) didn't publish these figures.
She also forgets the Gallop's numbers are not sanitized with the seasonal adjustment the BLS uses which can make the unemployment numbers look better.
1. If the president does not make any difference, why have one?
2. Does the president not present a budget to Congress?
3. Does the president not veto or sign legislation?
4. Was Obamacare not spearheaded by the President?
5. Did not Obama spearhead the tax increases?
6. Does not the EPA and HUD work through the directive of Obama?
7. Does the justice department not work under the directive of Obama?
8. Did Obama not spearhead the "stimulus"?
9. Does Obama not appoint Supreme Court Justices, "czars", and cabinet members?
THIS IS OBAMA'S ECONOMY AND IT IS A DISMAL FAILURE. OBAMA VOTERS ARE IN DENIAL, AS TO ADMIT THE TRUTH WOULD REQUIRE INTROSPECTION AND THE REALIZATION THAT LIBERAL POLICY DESTROYS ECONOMIES.
The libs think Obama comes from Mars, so how can he possibly be held accountable for the bad federal policies on Earth. All Obama does is fly in from Mars, give speeches, shake his head in puzzlement at the stupid things the US government is doing here on Earth, then flies back to Mars.
The left think Obama is on the outside looking in, so how can he ever be held responsible for anything the federal government does here on Earth.
1. If the president does not make any difference, why have one?
2. Does the president not present a budget to Congress?
3. Does the president not veto or sign legislation?
4. Was Obamacare not spearheaded by the President?
5. Did not Obama spearhead the tax increases?
6. Does not the EPA and HUD work through the directive of Obama?
7. Does the justice department not work under the directive of Obama?
8. Did Obama not spearhead the "stimulus"?
9. Does Obama not appoint Supreme Court Justices, "czars", and cabinet members?
THIS IS OBAMA'S ECONOMY AND IT IS A DISMAL FAILURE. OBAMA VOTERS ARE IN DENIAL, AS TO ADMIT THE TRUTH WOULD REQUIRE INTROSPECTION AND THE REALIZATION THAT LIBERAL POLICY DESTROYS ECONOMIES.
But everyone blamed Bush when unemployment was 5.5%-we will never see that number again
It's not "all Bush's fault", nor did history being January 20, 2009. The puppets in charge are just doing what their masters order, and even if "your team" wins the next election, it's not going to get better since none of them care at all what happens to you, me, or 99% of this nation.
Back in the 50's, the economy was rolling along, despite a few recessions. And yet about 25% of the people lived in poverty. No matter the economy, it's never good or bad for all the people, all the time.
This expectation that one President is going to magically make things better for most people is child- like, wishful thinking.
We have so called grass root organizations and super pacs backed by by some of the most wealthy in the world influencing opinions that if only we get big government off our backs, can we restore America, blah, blah, blah. Follow the money to see who benefits the most by eliminating labor, wage and environmental laws. They have created a smoke/mirrors situation by making everything partisan while funding or blacklisting candidates who do or do not tow the line.
How come those same people are not concerned about the pork that gets anonymously inserted in bills in the middle of the night or the $Billions spent on lobbying each year to protect special interests? I digress....
Back to the employment numbers.... Competition and technology have and will continue to eliminate jobs that will never come back. The population is aging. Many economists predicted another recession before recovery from the prior recession and that recessions will become more frequent as time goes on, regardless of who sits the oval or holds the majority.
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Last edited by middle-aged mom; 08-22-2013 at 03:38 PM..
What is relevant to jobs is the nation's fiscal policies. While the federal government had engaged in mild stimulus (the stimulus being far smaller than the decline in the economy) the states have been engaging in austerity -- cutting teachers and public worker and also cancelling contracts with private firms. That's the major obstacle to returning to full employment and prosperity.
^ has and will continue to have a huge impact.
No sector has shed more jobs than government in all its forms. And the trickle down impact is palatable in many communities.
Wonder if many of those would have been full time if not for Obamacare ?
PTE have been increasing since the 60's. We have been reaching new PTE highs for a long, long time.
Here's a gem of a report about involuntary part-timers- workers who would prefer to work full time since 1970. The drivers include employer demand for scheduling flexibility ( common in retail and food services) and a workforce that commands low compensation.
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