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US adds 156,000 jobs, unemployment rate climbs to 4.7%; This is what Obama is handing off
Topic Started: Jan 6 2017, 01:15 PM (781 Views)
CautionaryTales
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The US labor market continues to hum.

US companies added 156,000 nonfarm payrolls in December, which was a bit lighter than the 175,000 expected. On the plus side, November’s payrolls number was revised up by 19,000 to 204,000.

December marked the 75th straight month of job growth in the US.


https://www.yahoo.com/news/us-jobs-report-december-2016-130636452.html


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CautionaryTales
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A job well done Mr President.


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PATruth
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Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
Edited by PATruth, Jan 6 2017, 01:19 PM.
"No. No he won't. We'll stop it."
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CautionaryTales
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PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
What is amazing is that Obama took a train wreck and saved it from wiping out the whole damn railroad.
Now your perfect storm has come to pass and you perfect storm troopers will be expected to explain just how this Illegitimate President managed to tank this country.

Assuming the internet still works.


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CautionaryTales
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All this thread is for is to benchmark where we are for future reference.


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George Aligator
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Among the details of the report: the manufacturing sector lost 90,000 jobs. This is productivity technology at work. Trump plans to pump on-shoring manufacturing jobs into the employment bucket by strong arming US companies and slapping tariffs on manufactured imports. The problem is that those jobs that are returning a few thousand at a time are going into an employment bucket with a great big hole in the bottom of it. That hole is productivity technology. American manufacturing will indeed ramp up production if imports are restricted, but they will do so by hiring as many robots and as few humans as possible. Either way, the cost of stuff we buy in the store is going to go up because neither American humans nor American robots work as cheap as Vietnamese peasants.

The revolution in our labor market isn't due to government policy and import policy can't fix it. PATruth made the case for this analysis several years ago, and it is still true today. Government can't run businesses. Government has to make the necessary adjustments to harness our changing economy to the needs of our society.
Conservatism is a social disease
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PATruth
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CautionaryTales
Jan 6 2017, 01:22 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
What is amazing is that Obama took a train wreck and saved it from wiping out the whole damn railroad.
Now your perfect storm has come to pass and you perfect storm troopers will be expected to explain just how this Illegitimate President managed to tank this country.

Assuming the internet still works.
The Obamaconomy without a trillion dollars plus/year of borrowed money would look worse than the Great Depression. There is nothing real about Obama's economy. The only reason the unemployment number looks so good is because people have given up hope. He's borrowed trillions to keep most of his base on welfare. Remember, to a democrat welfare is the best stimulus, 10 trillion is a LOT of stimulus. Now that Obama has added another 10+ million to the welfare roles the deception is ever greater. He's an unmitigated disaster.

"No. No he won't. We'll stop it."
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PATruth
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George Aligator
Jan 6 2017, 01:35 PM
Among the details of the report: the manufacturing sector lost 90,000 jobs. This is productivity technology at work. Trump plans to pump on-shoring manufacturing jobs into the employment bucket by strong arming US companies and slapping tariffs on manufactured imports. The problem is that those jobs that are returning a few thousand at a time are going into an employment bucket with a great big hole in the bottom of it. That hole is productivity technology. American manufacturing will indeed ramp up production if imports are restricted, but they will do so by hiring as many robots and as few humans as possible. Either way, the cost of stuff we buy in the store is going to go up because neither American humans nor American robots work as cheap as Vietnamese peasants.

The revolution in our labor market isn't due to government policy and import policy can't fix it. PATruth made the case for this analysis several years ago, and it is still true today. Government can't run businesses. Government has to make the necessary adjustments to harness our changing economy to the needs of our society.
You make good points, the devil is in the details but re-negotiating our trade polices can indeed make a difference. There's not a single problem, we are facing a collection of problems that together have created a stagnant economy with near zero wage growth. One thing for sure, the old policies aren't working, we should all look forward to a different approach.
"No. No he won't. We'll stop it."
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CautionaryTales
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PATruth
Jan 6 2017, 01:44 PM
CautionaryTales
Jan 6 2017, 01:22 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
What is amazing is that Obama took a train wreck and saved it from wiping out the whole damn railroad.
Now your perfect storm has come to pass and you perfect storm troopers will be expected to explain just how this Illegitimate President managed to tank this country.

Assuming the internet still works.
The Obamaconomy without a trillion dollars plus/year of borrowed money would look worse than the Great Depression. There is nothing real about Obama's economy. The only reason the unemployment number looks so good is because people have given up hope. He's borrowed trillions to keep most of his base on welfare. Remember, to a democrat welfare is the best stimulus, 10 trillion is a LOT of stimulus. Now that Obama has added another 10+ million to the welfare roles the deception is ever greater. He's an unmitigated disaster.

I think we will have a few years to go to look back on these "good old days"
We can then look at the real time unmitigated disaster.
Edited by CautionaryTales, Jan 6 2017, 01:51 PM.


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PATruth
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CautionaryTales
Jan 6 2017, 01:49 PM
PATruth
Jan 6 2017, 01:44 PM
CautionaryTales
Jan 6 2017, 01:22 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
What is amazing is that Obama took a train wreck and saved it from wiping out the whole damn railroad.
Now your perfect storm has come to pass and you perfect storm troopers will be expected to explain just how this Illegitimate President managed to tank this country.

Assuming the internet still works.
The Obamaconomy without a trillion dollars plus/year of borrowed money would look worse than the Great Depression. There is nothing real about Obama's economy. The only reason the unemployment number looks so good is because people have given up hope. He's borrowed trillions to keep most of his base on welfare. Remember, to a democrat welfare is the best stimulus, 10 trillion is a LOT of stimulus. Now that Obama has added another 10+ million to the welfare roles the deception is ever greater. He's an unmitigated disaster.

I think we will have a few years to go to look back on these "good old days"
We can then look at the real time unmitigated disaster.
You might be right, we owe tens of trillions of dollars that is not counted in the national debt. Thanks to government accounting the unfunded liabilities in the SS and Medicare trust funds are estimated to be in excess of 43 TRILLION dollars. Funny, they don't even show on our balance sheet? Why is that? Thanks to the unfunded promises of your entitlement programs we may be hopeless. A Greek style meltdown may indeed be in our future. It certainly isn't Trump that got us in this situation, it's the generosity of democrat politicians buying votes that are to blame.
"No. No he won't. We'll stop it."
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CautionaryTales
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PATruth
Jan 6 2017, 02:13 PM
CautionaryTales
Jan 6 2017, 01:49 PM
PATruth
Jan 6 2017, 01:44 PM
CautionaryTales
Jan 6 2017, 01:22 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
What is amazing is that Obama took a train wreck and saved it from wiping out the whole damn railroad.
Now your perfect storm has come to pass and you perfect storm troopers will be expected to explain just how this Illegitimate President managed to tank this country.

Assuming the internet still works.
The Obamaconomy without a trillion dollars plus/year of borrowed money would look worse than the Great Depression. There is nothing real about Obama's economy. The only reason the unemployment number looks so good is because people have given up hope. He's borrowed trillions to keep most of his base on welfare. Remember, to a democrat welfare is the best stimulus, 10 trillion is a LOT of stimulus. Now that Obama has added another 10+ million to the welfare roles the deception is ever greater. He's an unmitigated disaster.

I think we will have a few years to go to look back on these "good old days"
We can then look at the real time unmitigated disaster.
You might be right, we owe tens of trillions of dollars that is not counted in the national debt. Thanks to government accounting the unfunded liabilities in the SS and Medicare trust funds are estimated to be in excess of 43 TRILLION dollars. Funny, they don't even show on our balance sheet? Why is that? Thanks to the unfunded promises of your entitlement programs we may be hopeless. A Greek style meltdown may indeed be in our future. It certainly isn't Trump that got us in this situation, it's the generosity of democrat politicians buying votes that are to blame.
Trump sold you guys that he can fix it ...fix everything... don't be back pedaling already....the Illegtimate Resident hasn't even started to set up his big screen TV in the White House yet.

Give the guy a chance before you start to make excuses.... :biggrin:


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PATruth
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CautionaryTales
Jan 6 2017, 02:18 PM
PATruth
Jan 6 2017, 02:13 PM
CautionaryTales
Jan 6 2017, 01:49 PM
PATruth
Jan 6 2017, 01:44 PM
CautionaryTales
Jan 6 2017, 01:22 PM

Quoting limited to 5 levels deep
The Obamaconomy without a trillion dollars plus/year of borrowed money would look worse than the Great Depression. There is nothing real about Obama's economy. The only reason the unemployment number looks so good is because people have given up hope. He's borrowed trillions to keep most of his base on welfare. Remember, to a democrat welfare is the best stimulus, 10 trillion is a LOT of stimulus. Now that Obama has added another 10+ million to the welfare roles the deception is ever greater. He's an unmitigated disaster.

I think we will have a few years to go to look back on these "good old days"
We can then look at the real time unmitigated disaster.
You might be right, we owe tens of trillions of dollars that is not counted in the national debt. Thanks to government accounting the unfunded liabilities in the SS and Medicare trust funds are estimated to be in excess of 43 TRILLION dollars. Funny, they don't even show on our balance sheet? Why is that? Thanks to the unfunded promises of your entitlement programs we may be hopeless. A Greek style meltdown may indeed be in our future. It certainly isn't Trump that got us in this situation, it's the generosity of democrat politicians buying votes that are to blame.
Trump sold you guys that he can fix it ...fix everything... don't be back pedaling already....the Illegtimate Resident hasn't even started to set up his big screen TV in the White House yet.

Give the guy a chance before you start to make excuses.... :biggrin:
The democrats have been looting the social security trust fund since inception, that's how the law was written. Trump can't fix a century of incompetence and vote buying. Obama made our situation MUCH worse by adding 10 trillion to the debt, millions more to the welfare roles and yet another failing liberal program.

I told you not to elect the Lil Trainee but you wouldn't listen. Your children and grandchildren will pay dearly.
"No. No he won't. We'll stop it."
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CautionaryTales
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PATruth
Jan 6 2017, 02:25 PM
CautionaryTales
Jan 6 2017, 02:18 PM
PATruth
Jan 6 2017, 02:13 PM
CautionaryTales
Jan 6 2017, 01:49 PM
PATruth
Jan 6 2017, 01:44 PM

Quoting limited to 5 levels deep
I think we will have a few years to go to look back on these "good old days"
We can then look at the real time unmitigated disaster.
You might be right, we owe tens of trillions of dollars that is not counted in the national debt. Thanks to government accounting the unfunded liabilities in the SS and Medicare trust funds are estimated to be in excess of 43 TRILLION dollars. Funny, they don't even show on our balance sheet? Why is that? Thanks to the unfunded promises of your entitlement programs we may be hopeless. A Greek style meltdown may indeed be in our future. It certainly isn't Trump that got us in this situation, it's the generosity of democrat politicians buying votes that are to blame.
Trump sold you guys that he can fix it ...fix everything... don't be back pedaling already....the Illegtimate Resident hasn't even started to set up his big screen TV in the White House yet.

Give the guy a chance before you start to make excuses.... :biggrin:
The democrats have been looting the social security trust fund since inception, that's how the law was written. Trump can't fix a century of incompetence and vote buying. Obama made our situation MUCH worse by adding 10 trillion to the debt, millions more to the welfare roles and yet another failing liberal program.

I told you not to elect the Lil Trainee but you wouldn't listen. Your children and grandchildren will pay dearly.

Lookie you..... Backpeddling.... :biggrin:
Edited by CautionaryTales, Jan 6 2017, 03:00 PM.


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BuckFan

PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
At least it is growing at a reasonable rate. Your 1% is really 2% and the last numbers were closer to 3%. Better than a recession and negative growth.
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CautionaryTales
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Like I said, this is just a benchmark thread to be bumped up down the road.


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PATruth
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BuckFan
Jan 6 2017, 03:30 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
At least it is growing at a reasonable rate. Your 1% is really 2% and the last numbers were closer to 3%. Better than a recession and negative growth.
10 trillion dollars to grow at 2%? Are you kidding? The economy would crash and burn if the rest of the planet stopped lending us money. How long can that go on? If we keep doing business the Obama way we will be Greece.
"No. No he won't. We'll stop it."
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Robert Stout
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George Aligator
Jan 6 2017, 01:35 PM
Among the details of the report: the manufacturing sector lost 90,000 jobs. This is productivity technology at work. Trump plans to pump on-shoring manufacturing jobs into the employment bucket by strong arming US companies and slapping tariffs on manufactured imports. The problem is that those jobs that are returning a few thousand at a time are going into an employment bucket with a great big hole in the bottom of it. That hole is productivity technology. American manufacturing will indeed ramp up production if imports are restricted, but they will do so by hiring as many robots and as few humans as possible. Either way, the cost of stuff we buy in the store is going to go up because neither American humans nor American robots work as cheap as Vietnamese peasants.

The revolution in our labor market isn't due to government policy and import policy can't fix it. PATruth made the case for this analysis several years ago, and it is still true today. Government can't run businesses. Government has to make the necessary adjustments to harness our changing economy to the needs of our society.
Multinational corporate corporations will export automated plants to Vietnam for peasants to operate, then import those goods into the USA for Americans working in McDonalds to buy....This benefits the corporations....Not so much for America................ :booboo:
Jesus can raise the dead, but he can't fix stupid
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ringotuna
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CautionaryTales
Jan 6 2017, 01:15 PM
The US labor market continues to hum.

US companies added 156,000 nonfarm payrolls in December, which was a bit lighter than the 175,000 expected. On the plus side, November’s payrolls number was revised up by 19,000 to 204,000.

December marked the 75th straight month of job growth in the US.


https://www.yahoo.com/news/us-jobs-report-december-2016-130636452.html
I'm wondering if anyone here can tell me what's wrong with this article?

Anyone? Bueller? Bueller?

Edited by ringotuna, Jan 6 2017, 05:44 PM.
Ringoism: Never underestimate the advantages of being underestimated.
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PATruth
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CautionaryTales
Jan 6 2017, 04:38 PM
Like I said, this is just a benchmark thread to be bumped up down the road.
From your article: "Since the election, business and consumer surveys have been upbeat about the election of Republican Donald Trump."

Don't worry Lil Buddy, everything Trump accomplishes before January 20 we'll give Obama credit for.
"No. No he won't. We'll stop it."
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BuckFan

PATruth
Jan 6 2017, 05:17 PM
BuckFan
Jan 6 2017, 03:30 PM
PATruth
Jan 6 2017, 01:18 PM
Amazing what 10 trillion dollars of debt and zero interest rates will buy, the slowest growing economy since the Great Depression.

Thank God the Obama curse is almost finished!

Did I mention one more failing liberal entitlement? We will be cleaning up his mess for decades.
At least it is growing at a reasonable rate. Your 1% is really 2% and the last numbers were closer to 3%. Better than a recession and negative growth.
10 trillion dollars to grow at 2%? Are you kidding? The economy would crash and burn if the rest of the planet stopped lending us money. How long can that go on? If we keep doing business the Obama way we will be Greece.
You'll be excited to know that if Trump has his way, according to everybody who looks at these things, the debt will grow so fast that Obama's debt will look like a down payment.
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