August Jobs Report

[J. J.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.

Medium term, it will help, and it did produce a good result, as noted.

[Sbane]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

No, but I want the policy that led to that no permanent job creation, ended.

(And just for the record, I did post some good news.)

See, this is why you are a hack. What policies were you thinking about specifically, hack?

[Landslide Lyndon]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.

Medium term, it will help, and it did produce a good result, as noted.

By whom? Your crystal ball?

[J. J.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.

Medium term, it will help, and it did produce a good result, as noted.

By whom? Your crystal ball?

Go back and read the first page.

[Landslide Lyndon]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.

Medium term, it will help, and it did produce a good result, as noted.

By whom? Your crystal ball?

Go back and read the first page.

I don't see anything there. But then again you'd perceive as a good result anything that makes Obama's reelection more difficult.

[Politico]

Here is what Obama has to say:

http://www.msnbc.msn.com/id/27924569/ns/business-stocks_and_economy/t/obama-help-way-economy

[Swing low, sweet chariot. Comin' for to carry me home.]

Here is what Obama has to say:

http://www.msnbc.msn.com/id/27924569/ns/business-stocks_and_economy/t/obama-help-way-economy

got me

[Politico]

Here is what Obama has to say:

http://www.msnbc.msn.com/id/27924569/ns/business-stocks_and_economy/t/obama-help-way-economy

got me

If it makes you feel any better, he got me too...and literally millions more.

[Sbane]

Wouldn't obama trying to help te economy be socialist, Politico? What exactly can he do besides increase the size (and employment) of the government? Is that what you want, Mr. I hate socialism?

[Politico]

Wouldn't obama trying to help te economy be socialist, Politico? What exactly can he do besides increase the size (and employment) of the government? Is that what you want, Mr. I hate socialism?

There are plenty of things he could have done. For example, being a leader who inspires confidence in Americans. That would have helped. I mean, was it too much to expect him to make speeches as our leader that were on par with his speeches as a campaigner? Surely this would have had some sort of positive effect on consumer/investor confidence, no? Instead, everybody in America feels like things are on the wrong track and everybody outside of America feels like America is going the way of the Soviet Union.

There are other things he could have done. For example, the stimulus package could have been solely tax credits and/or tax cuts. Or it could have been a greater combination of these mixed with government spending on infrastructure (e.g., rebuilding interstate highways, putting more funds into scientific/technological research, etc. -- I am NOT opposed to all government spending). Instead, the stimulus package was mostly just a transfer of funds from the federal level to the state level in order to keep certain public unions happy. Obviously the results show that this was not a successful approach. But you can continue to delude yourself into believing that "help is on the way" with Obama in 2012...

[Sbane]

More tax cuts would not have helped the economy, I can guarantee you that. All that money would have been saved (and the tax cuts in the stimulus package were added to savings). I have no problem with saving (I actually think Americans need a higher savings rate) but not at the expense of the national debt. That being said, I do agree with you that more could have been done on infrastructure and education. Realistically speaking though, none would have created the jobs that are needed right now. The unemployment rate would have been about the same. The problem is a lack of demand in the economy, and amusingly enough, those transfers to the state probably kept demand in the economy higher. Though if that was the right thing to do while running up the debt is a matter of debate.

Look, the basic fact is that there is a huge debt overhang right now. Unemployed people are not spending obviously, but even those with jobs are more concerned about paying off their debts and building up their savings than going out and splurging. In an economy where 70% of economic activity is due to consumer spending, that is obviously not going to lead to good economic conditions regardless of who is president or what economic policies they pursue.

[J. J.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.

Medium term, it will help, and it did produce a good result, as noted.

By whom? Your crystal ball?

Go back and read the first page.

I don't see anything there. But then again you'd perceive as a good result anything that makes Obama's reelection more difficult.

Then you missed it, pity.

Here it is:

Some good news, the White House lowered the expected debt growth.

It will get trampled under the bad news, but the debt ceiling deal helped.

It will help free up money for the private sector.  I think it is some very good news.  Both Congress and Obama deserve some credit for it.

Boy, I credit Obama for something, on a day when most of the news is bad, and I get called a hack.

[Link]

Try to conceal your glee a little better.

They can't help it.  It's like one guy, I forget his name, I think I saw his posts in the economics forum; he's always posting whenever he can find anything he can interpret as bad news for America but if the stock market goes up he disappears.

Whenever there is any information that the right wingers can spin into a negative story they come out like flies on frozen yogurt.

[Swing low, sweet chariot. Comin' for to carry me home.]

...flies on frozen yogurt.

the fact that you're even thinking about frozen yogurt...is disturbing.

[phk]

There is really nothing that Obama can do till people stop deleveraging. Of course you could convert private debt into public debt with the government just taking on liabilities of others, as a bail out, to speed up the process... but that would require more than several trillion of bailouts and stimulus and darn high tax rates and low govt spending in the future.

Of course demand is low, but the way that debt works is that you take an immediate $x boost for a $x>0 decline spread out over some period of time.

[🐒Gods of Prosperity🔱🐲💸]

Here is what Obama has to say:

http://www.msnbc.msn.com/id/27924569/ns/business-stocks_and_economy/t/obama-help-way-economy

Help is taking it's sweet time.

[○∙◄☻¥tπ[╪AV┼cVê└]

[Lief 🗽]

They'll be popping champagne bottles at RNC headquarters tonight.

[Marokai Backbeat]

So great that public employee losses continue to drag down overall job numbers every single month.