Unemployment rate is at 9.9, up from 9.7, so what is going on? The paragraph above explained it but the GOP likes to explain it in different terms. Gov. Pawlenty says the job growth is mostly government jobs. " The idea that government grows the economy when all they really do is extract money from taxpayers, bring it into the bureaucracy and put it back out into the economy on a political agenda is not growth". Typical rethug talking points, so lame...
Sen. McConnell says the stimulus bill did little or nothing to stimulate the private sector, but probably saved state government jobs.
Boehner slobbered as he said the president promised that 90% of the jobs saved or created would be private sector jobs, he also thinks most of the "so-called" jobs are government jobs.
Gov. Barbour bellows "we need private sector jobs", state government has benefited from the stimulus because it's poured in billions of dollars.
and last but not least, Eric Can't Cantor says "we've got to start focusing not just on jobs but on private sector jobs" DUH...
Aren't the rethug talking points sooooo boring?? Shouldn't the GOP be excited at these new numbers? They would be if we had a republican in the White House, now wouldn't they?
In actuality, and what the GOP decides to ignore, is that of the 290,000 jobs created in April, 231,000
of them were in the private sector! The private sector has added 523,000 new jobs in 2010. This includes 44,000 manufacturing jobs, the biggest number since August 1998! So folks, April was the strongest month for jobs growth since March, 2006.
Now GOP'ers, I'm not an economist but I can read a bikini chart, can you??
17 comments:
but but they said it wasn't like that. Boner and his buds understand numbers I think. They must have made a simple mistake. Yea that's it.
I can't wait to hear what comes next. Won't there have to be a time when they just have to say something nice, something positive?? 3 years is a long time to keep up this charade.
Figures don't lie, but liars figure.
Taking issue with the immediacy of this data is of course realatively foolish.
The question I have is this... Since a lot of the growth is due to the government printing and borrowing money to dump into the ecomnony what will happen when all the stimulus money dries up? More printing and borrowing money? A sure way to inflation,maybe even hyper-inflation.
The statement that government does not create jobs or wealth is factual. What creates jobs is demand for goods and services. What creates wealth is demand for goods which requires something be actually manufactured or produced. The government does neither manufacturing or producing, onlythe private sector can do that.
So ... Kudos to these numbers in the short term. Whether you all will be crowing about the wonders of Obama's plan 4, 5, 6... years from now remains yet to be seen.
Enjoy the moment and hope it lasts for 50 years. A rational guess is it will be short lived.
If it last even 10 years, and we get our deficits under control, improve our trade imbalance and become an net exporting nation rather than a net importing nation, maintain our national security, gain control of immigration and our borders, and rebuild our manufacturing infrastructure during this time Obama will be consedered one of America's greatest Presidents.
If not he will be nother GWB. For the countries sake I hope it works out.
I am not holding my breath.
I can't read numbers worth a damn but I can read charts. This is looking encouraging.
It's all in how you spin it.
Unemployment went up this month to 9.9%
White House adviser Larry Summers is off the chain, he had this to say:
“White House adviser Larry Summers on Friday predicted that past employment rates will not return after the recession passes. ‘The best way to put it is this: Forty years ago, one in 20 men [ages] 25 to 54, in America, was not working at a given point in time,’ he said. ‘Today, the number is not one in 20. It’s one in five. And a good guess, based on extrapolations of trends in this area, is that when the economy recovers, five years from now, assuming we return to normal cyclical conditions, one in six men who are 25 to 54 will not be working at any point in time.’"
That prediction from Summers is another example of how disasterous it has been for this country under the Republican system of tax-cuts and spending.
People who whine about the numbers conveniently forget about what got us to this point. Do they really believe these economic problems happened in 15 months?
This is a huge economy, and we will have to wait months and years before we see it healthy again.
When you feast on fats, sugar, and salt for nourishment for years and years and turn into a 450 lb. behemoth, you're not going to look like Brad Pitt in 15 months.
David Leonhardt who writes for the Business Section of the NYTimes had this to say about the jobless rate.
thanks Shaw, here are some more links... there are more links once you get there and read.
I love the Brad Pitt analogy. The righties want to TRY and convince people this started with President Obama, or if they believe it started under Bush then they expect Obama to fix the idiots disastrous 8 yrs in just ONE to 2 years. It ain't gonna happen people, The Democrats need the full 8 yrs PLUS!!
RN, wouldn't you think with the way our economy runs in cycles, ups and downs, then we can expect a turn around that is strong as in past years. The right will not give the stimulus or Obama a fighting chance in hell. I believe we are on an upswing and President Obama will be hailed as one of our greatest presidents! If the right joins in and gives a little to our country maybe we'll get there faster. But too bad, they have no desire to help our country thrive, not under a dem president anyway...
Great minds, Sue. I led with this today too and included a detailed explanation for rise in unemployment.
RN, I agree that we need to do much more, before we're out of the woods on that. A good start would be to reinstate Glass-Steagall so commercial banks will have to make loans rather than speculate.
Sue - I could give a rat's a*s who is President with respect to party. Party affiliation means absolutely NOTHING to me. For I am neither a registered Democrat or Republican.
What matters to me is the man or woman's philosophy of politics and governance.
I look at this from an objectivist viewpoint (Ayn Rand's Philosophy)and historical perspective and then I decide my support or lack thereof for the individual.
I really hope you are right (see my post at Rational Nation USA tonight)and the President is successful as I said for the nation's sake.
My logic and reason tells me the up tick will be short lived. Only time will tell. And IMO we ain't got much left.
Keep smokin' that hopium!
The GOP is taking the at first confusing-sounding unemployment numbers and make political hay. Even Little Man and Tweenie get that people are encouraged to start looking for work again, and thus the number of unemployed is rising. That's actually a good thing, a hopeful thing.
No matter what, ya can't argue with the simple truth of the bikini graph. And Sue, I just don't think they'll ever again be anything but the Party of No, but I love you for your optimism, Girl! Great post, my friend. Good work.
well I am hopeful, thats me, an eternal optimist! What would this country look like if averyone walked around scared and down and hopeless?? Oh wait, half the country does act like that, the righties, cuz their leaders tell them too! Sheeple....
I choose hope over despair, thats the only way to come out of a mess like this! Try it righties you might find happiness..
To keep hope alive, we need to ground it in progress.
You've misjudged us, Sue. We are neither scared nor hopeless.
Governments worldwide have built a house of card that is collapsing under the weight of irresponsible debt.
Instead of taking responsible action, our government has added to it.
Waiting for deliverance from some politician is not the answer. Indeed, some would say that is what caused this global nightmare.
Hope indeed, but a hope grounded in reality.
SF, you are one of the lucky ones I guess, but your brothers and sisters on the right who are TOLD to be scared by their leaders, ARE scared and feel hopeless under our Democrat Obama. And THAT is pitiful..
TC, that is exactly right, thats why we, the Progressives, will pull this country from the pit of despair. the hell hole dug by the rightwingers...
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