Another Crappy August Jobs Report -- June & July Revised Downward

[MichaelH]

Aw come on guys, that's not important.  What's really important is that we create a system where 31 year old law school students get their contraceptive supplies replenished on somebody else's dime.

I'll try to keep that in mind, Ted.  It's really important (to the entire nation) that Ms. Fluke get her condoms bought by the American taxpayer.  She's studying to be a lawyer isn't she?  One from U. Chicago isn't it?  That's where all the needy attend, isn't it? 

Poor Ms. Fluke.

I think she goes to Georgetown Law.

Yep, right.  Senior moment.  Gawd, I hate those. 

[Woody]

Three years of summer of recovery and we just got out 43rd straight month of over 8% unemployment.  And he claims someone else's policies ain't workin'?


I gues this is a 1 term proposition.

While being interviewed on the February 2nd 2009 "Today" Show on President Obama said that if he can't turn the economy around after three years "then there is going to be a one term proposition

[clistensprechen]

Disagrees with the assessment that it's a poor jobs report, that's what.

[Woody]

Disagrees with the assessment that it's a poor jobs report, that's what.

Rabbit hole.  The graph you posted supports the bad report.  You do understand how to read a graph, correct?


My goodness, LSD has done horrible things to your mind.  Let me reiterate.


Only 96,000 jobs added.


Almost 4 times that amount stopped looking which created the unemployment rate drop.


Manufacturing down.


Hourly pay down.


Lowest labor force participation rate in 30 years.

June and July revised down.

We are creating less jobs per month than last year to this point.


My god Clara, is this a case of you creating a counter point to keep the argument goin?

[clistensprechen]

It takes a con to make lemonade out of rainbows. {sigh}

This is the article the graph came from. Read 'em and weep.

[Woody]

It takes a con to make lemonade out of rainbows. {sigh}

This is the article the graph came from. Read 'em and weep.

Let's just appease her. 

[kentay]

Jobs Created by the Obama Administration= 4.6 million jobs created,  in 3 years 8 months
President Obama at this point 3 years 8 months  in his first term, has created more private sector jobs than bush did in 8 years.
Jobs created by Republican House of Representatives= 0 jobs created, in 3 years 8 months, because they agreed to try and make President Obama a one term President on the day of President Obama Inauguration. They also  took and signed an oath to not pass any increase of taxes on the wealthy. Even Though the tax Increase was only back to Clintons day of 39 % and he created 23 million jobs in 8 years with not one Republican vote. They  only want to decrease the size of the middle class and increase the size of the poor by increasing the taxes they pay while only tax Cuts for the wealthy people.  kentay

CHART: Bush Vs. Obama On Private And Public Sector Job Creation

[Woody]

Kentay left out some pertinent facts .  In 1997, when the real Clinton boom took effect, these are the tax cuts that Clinton put into place:

• Lowered the top capital gains tax rate from 28 percent to 20 percent;

• Created a new $500 child tax credit;

• Established the new Hope and Lifetime Learning tax credits to reduce the after-tax costs of higher education;

• Extended the air transportation excise taxes;

• Phased in an increase in the estate tax exemption from $600,000 to $1 million;

• Established Roth IRAs and increased the income limits for deductible IRAs;

• Established education IRAs;

• Conformed AMT depreciation lives to regular tax lives; and

• Phased in a 15 cent-per-pack increase in the cigarette tax.

http://www.heritage.org/research/reports/2008/03/tax-cuts-not-the-clinton-tax-hike-produced-the-1990s-boom

Additionally, spending was at 18.2% of GDP, NOT at between 24 to 25% of GDP. 



To say all Clinton did was raise individual taxes yo 39% is disingenuous.  I would support going back to ALL of the Clinton tax rates IF spending is reduced to the same level.

[kentay]

Bill Clinton's DNC speech: Full transcripthttp://www.nydailynews.com/news/politics/bill-clinton-dnc-speech-full-transcript-article-1.1153058?localLinksEnabled=false

[Woody]

That's nice kentay but this is about the dismal jobs report and the false information you posted about Clinton's tax plans.  Kentay, let's go back to ALL of the Clinton taxes with spending levels reduced by about 7%.


Also, Clinton cautioned us Last October that now is not the time to raise anyone's taxes. 

Bill Clinton on CBS' "Late Show" with Letterman: "There's two different issues. Should you raise taxes on anybody right today -- rich or poor or middle class? No, because there's no growth in the economy.

"Should those of us who make more money and are in better position to contribute to America's public needs and getting this deficit under control pay a higher tax rate when the economy recovers? Yes, that's what I think."
[/size]
[/size]With a video.
[/size][font=georgia, 'times new roman', times, serif][/size]http://www.realclearpolitics.com/video/2011/10/13/bill_clinton_now_is_not_the_time_to_raise_taxes.html[/font]

[kentay]

Bill Clinton a great beloved President with a 69 % rating from the people. He created 23 million jobs without one vote from Republicans for raising the taxes on the wealthy. Your tired old trickle down , supply side economics just doesn't work except for the wealthy, are you wealthy? If you're then stop relying on the Government so much in your own life, lead by example and stop being such a hypocrite . kentay

[Woody]

Bill Clinton a great beloved President with a 69 % rating from the people. He created 23 million jobs without one vote from Republicans for raising the taxes on the wealthy. Your tired old trickle down , supply side economics just doesn't work except for the wealthy, are you wealthy? If you're then stop relying on the Government so much in your own life, lead by example and stop being such a hypocrite . kentay

Kentay once again fails to read and/or understand a post before posting.  I just told you, moron, that I fully support going back to ALL, that says ALL THE CLINTON TAX and spend policies that led to the economic boom in the second half of the 90's. 


Let me post that again for the illiterate:

I fully support going back to ALL, that says ALL THE CLINTON TAX and spend policies that led to the economic boom in the second half of the 90's. 


One more time:



I fully support going back to ALL, that says ALL THE CLINTON TAX and spend policies that led to the economic boom in the second half of the 90's. 


And since repetition helps some learn:



I fully support going back to ALL, that says ALL THE CLINTON TAX and spend policies that led to the economic boom in the second half of the 90's. 

[Woody]

Kentay, I don't want you to miss the post above.

[clistensprechen]

And nobody should ever miss the point of IRAs and similar pre-tax deductions that reduce the amount of net income: any program that reduces net income also reduces Social Security benefits.  Social Security benefits are based on net income, not pre-tax income.

[wbcoleman]

And nobody should ever miss the point of IRAs and similar pre-tax deductions that reduce the amount of net income: any program that reduces net income also reduces Social Security benefits.  Social Security benefits are based on net income, not pre-tax income.

They are not based upon income at all!  They are based strictly upon covered earnings.