250,000 New November Jobs Due To Election Of President Mitt Romney!

[PlumberKhan]

Originally Posted by Trades

Why do you assume that the hours you work are the hours that everyone else does?

Gotcha.

Forgot that the world's entrepreneurs work different hours to free up time to lecture others about working harder durning normal business hours.

It's a dirty job, but someone's got to do it


Sent from a phone using an app

[detectivekimble]

Originally Posted by detjetsfan

It is a bs argument when conservatives automatically dismiss 250,000 new jobs as being people who stopped looking for work. If Romney won the election they'd be chest thumping right now saying "look, we elected a pro-business conservative and look at the 250,000 jobs created"

These are the same people who voted for Bush. The guy with a paltry record on jobs (and on top of that, which were skewed by his creating a ton of public sector jobs). SMH.

Now they're crying about the guy who is trying to dig us out of their guy's mess.

http://blogs.wsj.com/economics/2009/...ord-on-record/

I love the similarities between the retarded father and son.

[detjetsfan]

Originally Posted by detectivekimble

These are the same people who voted for Bush. The guy with a paltry record on jobs (and on top of that, which were skewed by his creating a ton of public sector jobs). SMH.

Now they're crying about the guy who is trying to dig us out of their guy's mess.

http://blogs.wsj.com/economics/2009/...ord-on-record/

I love the similarities between the retarded father and son.

Bush Jr was a joke. Any sort of economic growth during his 8 years was from the government $ spent on 2 different wars and the insane housing bubble which burst and caused the current recession. But hey let's keep cutting taxes for the ultra-rich so they can funnel the savings into the Caymans!

[Buster]

146,000 new jobs is not perfect but it is good.

Slowly the business cycle is turning. These folks who got hired in November will go out and spend their paychecks. That is good.

What is better is the folks who did not lose their job in the last 5 years who have sat on their wallets and paid down their debt sooner or later will spend again. The question is when. When that happens again in greater numbers the economy will soar.

2012 had the “busiest” black Friday ever. That has to be a good thing.

[AlbanyJet]

http://news.investors.com/ibd-editor...ary-levels.htm

Problem I:

As for that big "drop" in the unemployment rate, all of it was due to the fact that 540,000 Americans are no longer looking for work. They either dropped out, took early disability or retired. Since the start of 2009, 9.7 million Americans have fallen into this category.

All told, more than 24 million Americans who want jobs don't have them, driving the labor force participation rate to 63.6%, just above August's 31-year low of 63.5%. This is the worst labor market in a recovery ever.

Problem II:

And it may get worse. The quarterly Wells Fargo/Gallup small-business survey found that 21% plan to cut jobs over the next six months — a surge from 10% last June and a record high.

IBD's own research shows that small businesses account for nearly 80% of all new job creation in America. A small-business slump means no jobs. It's that simple.

So if we add Problem I with Problem II we end up with a long term prospect of no-to-little job creation and a declining unemployment rate because people go on welfare. Good thing that the Liberal 1%ers have Tim Geithner with QE-X in their corner!