Obamanomics working

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Stu Levitan
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Obamanomics working

Postby Stu Levitan » Fri Dec 06, 2013 12:30 pm

203,000 new jobs, unemployment lowest in five years. And just think how much better it would have been without the GOP economic terrorists in the House of Representatives!

Ned Flanders
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Re: Obamanomics working

Postby Ned Flanders » Fri Dec 06, 2013 1:23 pm

What's that labor participation rate again? How many are now on "disability".
Obamanomics indeed.

We're rollin' ba-by!

rabble
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Re: Obamanomics working

Postby rabble » Fri Dec 06, 2013 1:36 pm

Ned Flanders wrote:What's that labor participation rate again? How many are now on "disability".

I give up. What are they? Could you compare and contrast them with the job numbers and unemployment rate?

Stu Levitan
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Re: Obamanomics working

Postby Stu Levitan » Fri Dec 06, 2013 1:42 pm

Ned, care to compare and contrast job creation under W and Obie? Here, let me help. (Hint: Our guy wins by a wide margin -- more new jobs in under 5 years than in W's 8 years).

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Re: Obamanomics working

Postby Stebben84 » Fri Dec 06, 2013 1:46 pm

rabble wrote:I give up. What are they? Could you compare and contrast them with the job numbers and unemployment rate?


The participation rate has declined sharply since the recession started due both to cyclical reasons and also because of demographics (baby boomers retiring) and long term trends (more 16 to 24 year olds staying in school is an example)
Read more at http://www.calculatedriskblog.com/2013/ ... 6TlRc4Q.99

rabble
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Re: Obamanomics working

Postby rabble » Fri Dec 06, 2013 1:51 pm

Stebben84 wrote:
The participation rate has declined sharply since the recession started due both to cyclical reasons and also because of demographics (baby boomers retiring) and long term trends (more 16 to 24 year olds staying in school is an example)
Read more at http://www.calculatedriskblog.com/2013/ ... 6TlRc4Q.99

Thanks. So basically the unemployment numbers mean nothing because baby boomers are retiring and kids are staying in school?

Ned Flanders
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Re: Obamanomics working

Postby Ned Flanders » Fri Dec 06, 2013 2:05 pm

Here's a link to labor participation rate trends. And you wonder why the unemployment numbers look so "great"

http://data.bls.gov/timeseries/LNS11300000


Oh, and the labor participation rate is increasing for senior as they see their home values and wealth destroyed by Obamanomics:

http://www.washingtonpost.com/blogs/won ... heres-why/

"Economists disagree, however, on exactly how much demographics are responsible for the fall in the participation rate. The Chicago Fed estimates that retirements accounted for only one-fourth of the drop in labor force participation since the recession began"

rabble
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Re: Obamanomics working

Postby rabble » Fri Dec 06, 2013 2:10 pm

Okay, thanks Ned. Boomers retiring, kids staying in school = Obama's fault and these things would never have happened if we had voted for Romney.

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Re: Obamanomics working

Postby Ned Flanders » Fri Dec 06, 2013 2:21 pm

rabble wrote:Okay, thanks Ned. Boomers retiring, kids staying in school = Obama's fault and these things would never have happened if we had voted for Romney.

Image

Stu Levitan
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Re: Obamanomics working

Postby Stu Levitan » Fri Dec 06, 2013 2:34 pm

Irrelevant gifs - first and last refuge of someone with nothing to say.

Ned Flanders
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Re: Obamanomics working

Postby Ned Flanders » Fri Dec 06, 2013 2:38 pm

Stu Levitan wrote:Irrelevant gifs - first and last refuge of someone with nothing to say.

Irreverent yes, irrelevant no

Henry Vilas
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Re: Obamanomics working

Postby Henry Vilas » Fri Dec 06, 2013 2:50 pm

Haters gotta hate.

Detritus
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Re: Obamanomics working

Postby Detritus » Fri Dec 06, 2013 3:18 pm

Not to derail the mystifying gifpalooza, but here's some actual information by UW economist Menzi Chinn. See also his analysis of the job numbers, linked from that page.

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Re: Obamanomics working

Postby green union terrace chair » Fri Dec 06, 2013 4:46 pm

Henry Vilas wrote:Haters gotta hate.

Okay, Henry, that's the second time I've encountered you saying that in five minutes of reading threads. YA GATTA STAHP.

Henry Vilas
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Re: Obamanomics working

Postby Henry Vilas » Fri Dec 06, 2013 5:39 pm

green union terrace chair wrote:
Henry Vilas wrote:Haters gotta hate.

Okay, Henry, that's the second time I've encountered you saying that in five minutes of reading threads. YA GATTA STAHP.

That is going to be my standard reply to wing nuts whose only purpose is to hate on Obama.

And it's a better reply than a gif.


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