“…the recovery is just booming along“.
27 thoughts on “Just Keep Repeating…”
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Shot in the Dark
Cranking Open The Big Brass Nozzle Of Truth Since 2002
“…the recovery is just booming along“.
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Not that previous Presidents weren’t afflicted by this as well–I remember Bush being excoriated for a slow recovery with a lot of people dropping out, too–but it strikes me that in the past six years, the “current occupant” has made almost an art of pushing the unemployed into areas not counted by the official statistics.
I think we need some other statistics that correspond to the economy more closely. One thing that might work is “percentage of households with a wage earner resident where not all residents are over age 65”.
It strikes me as well that, given the huge portion of Americans who amazingly found they were disabled during the Pelosi/Reid/Obama recession of 2009-10 (or to present), that one of the biggest things to do for the economy might be to tell the “disabled” that their work is not limited if they’ve been judged to have an incurable disability. Lost an arm or leg, no quibble–but if you find a job that pays great, we simply phase out your disability payment, and it’ll be ready if you need it in the future.
Wonderfull sourcing: Zero Hedge, now here’s an authoritative group of pessimistic doomers. I hope you don’t manage your retirement account based on ZH’s advice. ‘For those who believe the CIA killed JFK … Financial illumination this way’
Emery, 223k jobs is just a touch over the 190k or so needed for additional population. Whence, then, the extra 100k or so that would be required for joblessness to drop a tenth of a percent?
Answer; labor force non-participation.
Besides, the source for ZeroHedge is exactly the same as that for CNN, WND, Forbes, and others; the Department of Labor. It’s just that ZeroHedge is looking a bit more under the hood to see what’s really going on. We should be grateful, not dismissive, of their work here.
Yes I imagine ZH will find a receptive (less skeptical) audience here.
Yes, an audience that can tell fact from propaganda. Go crawl up Krugman’s ass, EmeryTheAntisemiticSoci@list.
Emery, maybe, just maybe…..look up the original report and see if the data are not representative of what the DOL has put out there? Again, I think we owe ZeroHedge thanks, not approbation, for pointing out that the reason the unemployment rate dropped was not because of job gains, but rather people dropping out of the labor force or never entering it.
Also worthy of note; the part time jobs are in effect the ENTIRE job growth. Heckuva job, Obammy. With economic growth like this, we’re all going to be at the soup kitchen soon.
Is anyone fool enough to imagine that the headline unemployment rate has anything at all to do with the real labor market? We should focus on the U6 Unemployment rate which is 10.9% in America at present.
Here’s a reliable source!
Nearly 300K New Jobs In February; Unemployment Dips To 5.5 Percent
http://www.npr.org/blogs/thetwo-way/2015/03/06/391164116/nearly-300k-new-jobs-in-february-unemployment-dips-to-5-5-percent
Good ol’ NPR! Always cutting through the BS at places like ZH with authority and truth!
Emery, if no one is fool enough to believe it, then why does every major news outlet from CNN to MSNBC to Fox announce the numbers? Honestly….
The slant of ZH is there for everyone to see.
Salon>/i> is a left-wing rag. It has never made a dime. It’s owners are a dot-com guy and an investment banker. They are in the %1 of the %1. The investment banker (Hambrecht) bought it as a toy for his daughter. She (Elizabeth Hambrecht) despises the American middle-class and its values.
The ex CEO of Salon, Richard Gringas, is now head of news & social media for internet giant Google.
But just keep your eye on Zero Hedge, Emery. Those guys are so biased!
Emery is oblivious to the weak employment market. Demand for cranial butt plungers is stronger than ever since Minnesota got teh gayz weddings.
Hater! You’re a hater, Swiftee! Ah! Help! A hater has written words on teh internets! If only there were a law to stop people from speaking freely!
Feel that Mingo? The Disturbance? Emery is vacuuming the inter webs for a scathing response. It’s gonna be a doozy.
Of course his response can’t be too loud, or too crass, or lowbrow, so he’s sticking to the archives of Rolling Stone and Mother Jones.
“Rolling Stone and Mother Jones.”
Unbiased sources, in other words.
Emery has thing against ZH. I don’t pay much attention to ZH or the other doomsayers. Or Krugman, for that matter. Or DeLong. Krugman and DeLong are ideologues who mask their ideas about human behavior in economic terms. ZH I don’t trust because they seem to be in the business of selling gold. If they think the economy is going to collapse, they should be buying gold, not selling gold.
Real economic collapses create winners and losers unpredictably. Who would have guessed that the winners of the 1992-1993 collapse of the ruble would be Putin & his cronies? The people who did pretty well in the Weimar inflation of the 1920s were farmers.
You can’t eat gold. If you are really afraid that the economy is going to collapse, buy cases of canned chili & canned pork and beans. Canned chili and beans have intrinsic value. You can always trade it for gold. Or guns. Or eat while others starve.
You know, Emery, you puzzle me.
On one hand, I can tell from your grammar and syntax that you’ve received the benefit of more than a modicum of education. On the other hand, you consistently make the most egregious logical blunders.
It’s as if you have brains but can’t be bothered to use them, which is not qualitatively different from having none at all.
Attacking Zero Hedge as the source of information does not make the information wrong. It makes you petty.
Joe Doakes, it is possible that the “Emery” moniker is used by more than one person.
i apologize we’ve been busy, it’s docks and boat lifts this weekend.
JD: I will concede a stopped clock is right twice a day.
Swingo: (swift/mingo): Wealthy publishers with an ideology to flog. I hope you didn’t spend too much time in order to reach that conclusion.
it’s docks and boat lifts this weekend.
“Docks”=mojitos
“Boat lifts” = long island iced teas
I imaging the attack of the vapors Emery received from the zerohedge.com link caused him to spitake one of his long island “boat lifts”. Such a waste.
At least Durden does not claim to able to draw a trend line from a single data point!
We accomplished more onshore than on the water. The walleyes have already spawned in the river. As such I would argue it was a tough opener on any lake with inlets or outlets as we have here with the Boy River entering and exiting our lake. At least that’s what I’m telling myself. ;^)
PM says: “At least Durden does not claim to able to draw a trend line from a single data point!”
The fact of the matter is Durden has a practice of taking a ‘positive data point’ and putting his own unique pessimistic spin on it. For instance, if someone wanted to take him seriously and followed his advice, you would have failed to take advantage of the 09-14 rally in the equities market. Although he does have his fans, which consist mostly of doomers and conspiracists.
Emery, my point was that Durden is one person operating a doomsayer website. Krugman is an NYT columnist, a Nobel prizewinner, and an author of economics textbooks.
The reason Krugman used a single point to show a trend line was because if he had put in the other points, it would have been obvious that his thesis was false.
Durden is read by goldbugs. Krugman is read by policy makers.
It wasn’t made clear you were referring to Krugman. I have no doubt
Mr. Krugman is a smart guy, but when he received the Nobel I had to wonder if he wasn’t chosen as much for his scholarly work as he was for his criticism of G.W. Bush. I can see how that would appeal to a committee of European academics.
Krugman would get my respect if he were to evaluate both liberal and conservative policy ideas equally.
Goldbug or not, ZeroHedge is correct to emphasize that one fundamental of the economy, actual people working, is not healthy. Ought we really quibble that much when all the guy is doing is to reprint graphs from the Department of Labor Statistics? Honestly…..you could get the Worker’s Weekly World doing the same thing, and all the bias in the world that they’ve got doesn’t make a difference because it’s data from a decent source.
Krugman is really, really bad. He has been criticised by other economists of his caliber for his intellectual dishonestly, in particular for cherry-picking data to suit his argument, as well as for presenting tendentious issues within economics as though they were settled (and vice-versa).
Example: http://www.huffingtonpost.com/niall-ferguson/the-rise-and-fall-of-krugmania-in-the-uk_b_7257236.html?ncid=edlinkushpmg00000090