Some economic good news for a change

BearMtnHIB wrote: I and Obama and the democrats policies have destroyed millions of jobs. Some of the republicans are not helping either, but the left has destroyed more jobs in these last 3 years than I have ever seen in my life!

And- That's a fact jack!

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Source?

I don't need to provide a source to you- all you have to do is read the news and the constant reports coming out by business leaders who have stated over and over why they are not hiring.

I have posted many of those comments in threads here on 285bound- you can go back and read them if you need a source. Read my post from Steve Wynn as an example of why he is not hiring more people- it should be an eye opener for those of you with blinders on.

I just heard this week that GE will be moving it's X-ray division to China. In case you didn't know- the guy who runs GE is Obama's Job Czar! That's the asshole Obama's got in charge of "creating jobs"!

Here's a source for ya..... Read up!
http://articles.boston.com/2011-07-26/business/29817324_1_ge-healthcare-x-ray-business-china-last-year

archer wrote: Back to topic........I find it encouraging that we have seen some increases in jobs......this economy needs all the positive news it can get. What I find concerning is that the rate of unemployment for the long term unemployed is little changed......these are the people most likely not to find employment. It was the number of short term unemployed that went down. Make of those numbers what you want, but I think we will only see improvement in the economy when the long term unemployed start getting jobs.

The full report is here:
http://www.bls.gov/news.release/empsit.nr0.htm

And that tone and discussion is like a breath of fresh air. Thanks Archer.

netdude wrote: Unfortunately the people like CB, NC and viking will cheer the job losses and bad news and you know damn well the good news like this eats at em.... party OVER country and rather see the country fail more to stop Obama succeed at anything..

:confused: :Loco:

archer wrote:

BearMtnHIB wrote: I and Obama and the democrats policies have destroyed millions of jobs. Some of the republicans are not helping either, but the left has destroyed more jobs in these last 3 years than I have ever seen in my life!

And- That's a fact jack!

.

Source?

http://johnpaulus.com/blog/2011/08/04/o ... -creation/

Here is the truth behind the numbers last month. Not as good as it looked unfortunately. There were actually 38,000 LESS people working.

Let’s start with the reality that fewer people actually were working in July than in June.

According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.

But the job creation number was positive and the unemployment rate went down, right? So how does that work?

It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period.

This is where the numbers showed a really big spike—up from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government’s various job measures.

So the drop in the unemployment rate is fairly illusory—stick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.

The average duration of unemployment rose for the third straight month and is now at a record 40.4 weeks—about 10 months and now double where it was when President Obama took office in January 2009. The total number unemployed for more than half a year now stands at 6.18 million, 130 percent higher than when the president’s term began.

http://www.cnbc.com/id/44033486

Viking, anyone with eyes can see more businesses closing than opening, more people being laid off than being hired, more part time and less full time jobs. But they love to be scammed by the media and our excuse for a leader in this nation.

The Viking wrote:

archer wrote:

BearMtnHIB wrote: I and Obama and the democrats policies have destroyed millions of jobs. Some of the republicans are not helping either, but the left has destroyed more jobs in these last 3 years than I have ever seen in my life!

And- That's a fact jack!

.

Source?

http://johnpaulus.com/blog/2011/08/04/o ... -creation/

when did not creating more jobs equate to "destroying millions of jobs"?

Viking, anyone with eyes can see more businesses closing than opening, more people being laid off than being hired, more part time and less full time jobs. But they love to be scammed by the media and our excuse for a leader in this nation.

Pretty much what I said- the numbers are a lie, which is why the market did not react positive for very long.

People dropping off the back end of un-employment is not creating jobs!

same question BearMtnHIB.....do you have a source for your assertion that Obama and the Democrats destroyed millions of jobs??