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UncleEd2007	Jobs report...		Lead	[-]
Posts: 7550 June 1, 2012 7:52 AM	Tags : None Remove this ad Not pretty. President Obama has lots of work ahead of him. Ben Brust - Refuse to lose!!
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likewhoa123		#1	[url]	[-]
Posts: 4108 June 1, 2012 7:56 AM	April revised downwards. Real ugly. "I have sex 2 or 3 times a day, every day (no lie)- but it is always with myself." - AbeFroman
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Combad57		#2	[url]	[-]
Posts: 6737 June 1, 2012 8:00 AM	Obama is responsible? The last time a president was responsible for high employment was when Roosevelt nationalized the auto, steel and aircraft industries.
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buckyj		#3	[url]	[-]
Posts: 2821 June 1, 2012 8:34 AM	Yeesh. Not pretty a pretty big understatement. Disastrous more appropriate. "As usual, you don't let facts get in the way of raising a disagreement." Rye to TCF, 9-2-2011
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Strange Brew eh		#4	[url]	[-]
Posts: 5939 June 1, 2012 8:50 AM	Not surprised. ADPs # were down yesterday. There was a thought out of Wall Street that the FED wanted a crappy # so they announce a stimulus at their June meeting as anything later would be seen as tampering with the presidential elections. If true they got the # they wanted and more. With Europe crumbling oil just hit $83 and their is a flight to dollars from EUR and with the Fed 1 year at a negative rate what can the Fed really do?
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buckyj		#5	[url]	[-]
Posts: 2821 June 1, 2012 8:55 AM	Strange Brew eh wrote: Not surprised. ADPs # were down yesterday. There was a thought out of Wall Street that the FED wanted a crappy # so they announce a stimulus at their June meeting as anything later would be seen as tampering with the presidential elections. If true they got the # they wanted and more. With Europe crumbling oil just hit $83 and their is a flight to dollars from EUR and with the Fed 1 year at a negative rate what can the Fed really do? Nothing, which is why we are pretty fucked for a couple of years. "As usual, you don't let facts get in the way of raising a disagreement." Rye to TCF, 9-2-2011
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badgerjon66		#6	[url]	[-]
Posts: 3499 June 1, 2012 8:59 AM	"Obama is responsible? " Well, I have often said that Presidents get more blame and more credit than they deserve for economic conditions. I don't think that Obama is personally responsible for all of our current problems, but his policies have made the situation worse than it need be: Particularly his energy policies---wasting billions of taxpayer $ in payouts to his cronies and stopping development of domestic energy resources, etc.--and his healthcare disaster. (more on that in a few weeks) But, perhaps he said it best himself. http://www.youtube.com/wa...2y5OdQw8&feature=related (2009) Yes, by his own words, he is responsible.
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BB Fran		#7	[url]	[-]
Posts: 7370 June 1, 2012 9:48 AM *Moral fibre? Why, you little pasty-face...I invented* moral fibre!**	Terrible report. The irony is that as oil slides, so will gas prices, and that will be the bigger economic takeaway for a lot of people. In other words, it gives Mitt some temporary soundbites, but unless the US actually slides back into recession in the next six months -- something nobody believes will happen -- it's not going to change anything for November. It's a weak recovery, but it's still a recovery. - "What the heck; it's just life. It unfolds right in front of you." -- Bo Ryan
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Strange Brew eh		#8	[url]	[-]
Posts: 5939 June 1, 2012 9:52 AM	BB Fran wrote: Terrible report. The irony is that as oil slides, so will gas prices, and that will be the bigger economic takeaway for a lot of people. In other words, it gives Mitt some temporary soundbites, but unless the US actually slides back into recession in the next six months -- something nobody believes will happen -- it's not going to change anything for November. It's a weak recovery, but it's still a recovery. Uh, ESRI which is one of the few economic groups worth a damn thinks we are either in one or heading into one. I do agree with you in that officially we won't be in a recession by election time as it takes 6 months for it to be declared as its backward looking. To make the numbers even worse, looking at the details of the report 204k of the jobs created in the month were due to the birth/death model which I think we can all agree on has been incosistent in this economic enviroment over the past few years as there has been major changes in retirement, etc.
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sackman86		#9	[url]	[-]
Posts: 3383 June 1, 2012 10:44 AM	Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. "Disastrous" is way overboard. Certainly disappointing and will be tough for the President if it keeps trending downward. I say the August report which comes out in early September will most important. many events will influence things between now and election time and the debates, as always, will be important.
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Myles Long		#10	[url]	[-]
Posts: 15714 June 1, 2012 10:46 AM	Remove this ad sackman86 wrote: Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. They didn't see this critical fact reported on Fox. Now that you have brought it to their attention.............. nevermind. --------------------------------------------------------------------------------------------------------- "Gentlemen, you can't fight in here! This is the War Room.' President Muffley --------------------------------------------------------------------------------------------------------- My Badger Sports Photos Older Tailgate/Bowl Trip Photos
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breadtree		#11	[url]	[-]
Posts: 1794 June 1, 2012 11:12 AM	A) This isn't good. No bones about it. B) I don't think energy policies are causing this. Europe is an unmitigated disaster, it's gonna get worse before it gets better, and it has companies scared. C) That being said, go back and look at unemployment in April and May of 2010 and 2010. They were both negative blips in a generally improving picture. Gives me some hope. D) To sackman's point, the labor force participation rate went up in May, and that's all yanked cares about. When it's convenient.
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SouthernBucky		#12	[url]	[-]
Posts: 2086 June 1, 2012 11:40 AM Big Red presence in the South	sackman86 wrote: Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. "Disastrous" is way overboard. Certainly disappointing and will be tough for the President if it keeps trending downward. I say the August report which comes out in early September will most important. many events will influence things between now and election time and the debates, as always, will be important. I think so too. The worst may be over, but what a slow climb back this continues to be.
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Myles Long		#13	[url]	[-]
Posts: 15714 June 1, 2012 11:43 AM	SouthernBucky wrote: sackman86 wrote: Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. "Disastrous" is way overboard. Certainly disappointing and will be tough for the President if it keeps trending downward. I say the August report which comes out in early September will most important. many events will influence things between now and election time and the debates, as always, will be important. I think so too. The worst may be over, but what a slow climb back this continues to be. What many conveniently forget is that Obama inherited a catastrophe where we were losing 3/4 of a million jobs per month. Obama has done a stellar job righting the ship, but there is a long way to go before we hit cruising speed again. --------------------------------------------------------------------------------------------------------- "Gentlemen, you can't fight in here! This is the War Room.' President Muffley --------------------------------------------------------------------------------------------------------- My Badger Sports Photos Older Tailgate/Bowl Trip Photos
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SouthernBucky		#14	[url]	[-]
Posts: 2086 June 1, 2012 11:57 AM Big Red presence in the South	I agree Myles but we know that will fall on a few deaf ears here.
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Big Eddy Springs		#15	[url]	[-]
Posts: 4519 June 1, 2012 12:36 PM	Myles Long wrote: SouthernBucky wrote: sackman86 wrote: Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. "Disastrous" is way overboard. Certainly disappointing and will be tough for the President if it keeps trending downward. I say the August report which comes out in early September will most important. many events will influence things between now and election time and the debates, as always, will be important. I think so too. The worst may be over, but what a slow climb back this continues to be. What many conveniently forget is that Obama inherited a catastrophe where we were losing 3/4 of a million jobs per month. Obama has done a stellar job righting the ship, but there is a long way to go before we hit cruising speed again. Obama didn't start the Depression and he has done nothing to get us out. With the Social engineering he enacted with his Healthcare initiative I think it is not beyond the realm of possibility that he made it worse than what it had to be. He has not earned a second term. Its the economy stupid. 750K Nov/Dec 2008 ..Not before! After the election.
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likewhoa123		#16	[url]	[-]
Posts: 4108 June 1, 2012 12:45 PM	Big Eddy Springs wrote: Myles Long wrote: SouthernBucky wrote: sackman86 wrote: Where are all the folks who trumpet people who stop looking for work every time the employment picture brightens? This time, 600,000 people began looking for work and not a word about it. "Disastrous" is way overboard. Certainly disappointing and will be tough for the President if it keeps trending downward. I say the August report which comes out in early September will most important. many events will influence things between now and election time and the debates, as always, will be important. I think so too. The worst may be over, but what a slow climb back this continues to be. What many conveniently forget is that Obama inherited a catastrophe where we were losing 3/4 of a million jobs per month. Obama has done a stellar job righting the ship, but there is a long way to go before we hit cruising speed again. Obama didn't start the Depression and he has done nothing to get us out. With the Social engineering he enacted with his Healthcare initiative I think it is not beyond the realm of possibility that he made it worse than what it had to be. He has not earned a second term. Its the economy stupid. 750K Nov/Dec 2008 ..Not before! After the election. What would you suggest he do to fix the economy? Let's hear some concrete proposals. Mass has one of the better job growth rates in the country and they have RomneyCare. What gives? "I have sex 2 or 3 times a day, every day (no lie)- but it is always with myself." - AbeFroman
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sackman86		#17	[url]	[-]
Posts: 3383 June 1, 2012 1:14 PM	The unfortunate reality for the economy is that households still have too much debt and real state prices are still depressed. Until these two improve enough, the economy will be held back. As Myles points out, we were on the verge of economic collapse when Obama took over. Moreover, his hands were largely tied as he inherited two insanely expensive wars and an economy so perilous that he couldn't increase taxes. Has McCain won and we went hard austerity like Europe, we would be in a second recession if not depression and we would still probably be spending a shitload of money in Iraq. Bin Laden would be alive. The reality is that none of this matters as the average American won't think that deeply. It will take some tangible evidence of an improving economy towards the fall for Obama to get re-elected.Still like his chances but it will be close.
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Medic		#18	[url]	[-]
Posts: 1330 June 1, 2012 1:38 PM	sackman86 wrote: It will take some tangible evidence of an improving economy towards the fall for Obama to get re-elected. Smartest thing you've ever said.
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Medic		#19	[url]	[-]
Posts: 1330 June 1, 2012 1:42 PM	BB Fran wrote: Terrible report. The irony is that as oil slides, so will gas prices, and that will be the bigger economic takeaway for a lot of people. In other words, it gives Mitt some temporary soundbites, but unless the US actually slides back into recession in the next six months -- something nobody believes will happen -- it's not going to change anything for November. It's a weak recovery, but it's still a recovery. If by recovery you mean "we haven't gone over the cliff" then yes, we are in a recovery. With last quarters GDP numbers being revised downward to 1.9% and the unmitigated disaster of the employment report the last 3 months (last 2 months revised numbers are hideous as well) I would be hard pressed to say there's any tangible recovery going on right now.
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Strange Brew eh		#20	[url]	[-]
Posts: 5939 June 1, 2012 1:52 PM	Remove this ad Myles Long wrote: What many conveniently forget is that Obama inherited a catastrophe where we were losing 3/4 of a million jobs per month. Obama has done a stellar job righting the ship, but there is a long way to go before we hit cruising speed again. You going to give Walker that same leash? Per an analyst on CNN who predicted that the Obama administration will try to spin this as similar to when Bush Jr took over. It looks like per their respective 1st term that total jobs growth will be about similar. The difference is one was adding 2M in his election year where Obama may be half that. The problem for Obama in this case is the stimulus that he has proposed has failed to hit any of his targets. Yanked can post the chart of Obama's proposed unemployement rate vs reality. If the recovery is going to be slow then stop with the negative investments.
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