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stevenleser

(32,886 posts)

30. Exactly, Krugman, the folks at Forbes, etc. The economy is recovering very well.

Tue Sep 30, 2014, 08:05 PM

Sep 2014

http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/

Obama Outperforms Reagan On Jobs, Growth And Investing

The Bureau of Labor Statistics (BLS) today issued America’s latest jobs report covering August. And it’s a disappointment. The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August. One month variation does not change a trend

Even though the plus-200,000 monthly string was broken (unless revised upward at a future date,) unemployment did continue to decline and is now reported at only 6.1%. Jobless claims were just over 300,000; lowest since 2007. Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014. And that is great news.

Back in May, 2013 (15 months ago) the Dow was out of its recession doldrums and hitting new highs. I asked readers if Obama could, economically, be the best modern President? Through discussion of that question, the number one issue raised by readers was whether the stock market was a good economic barometer for judging “best.” Many complained that the measure they were watching was jobs – and that too many people were still looking for work.
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more at above link
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Folks should not confuse the reasonable desire to see better wages with knowledge of the economy.

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The economy is fucked [View all] cali Sep 2014 OP

Thank you. woo me with science Sep 2014 #1

great quote. I've never seen it before. cali Sep 2014 #4

Wow. Prophetic. riqster Oct 2014 #54

Oldest profession and all... nt Xipe Totec Sep 2014 #2

Can I have my pony now, Cali? Hutzpa Sep 2014 #3

Right!. I mean some of the country is benefiting from the "recovery". Pointing out that it's the 1% rhett o rick Sep 2014 #5

Hmmm. Beowulf42 Sep 2014 #6

I think Rhett was being sarcastic. Fawke Em Sep 2014 #10

I need to work on it. nm rhett o rick Sep 2014 #33

Please don't. We like you the way you are. L0oniX Oct 2014 #42

Now you're just mocking my clumsy attempts at sarcasm. rhett o rick Oct 2014 #47

you want I should kick your non-obvious ass, Rhett o Rick? Skittles Oct 2014 #62

I've had my ass kicked by better than you and that didn't do anyone any rhett o rick Oct 2014 #64

SCHEDULING R O R FOR ASS KICKING!!! Skittles Oct 2014 #67

So who wants to help me get 'er done? I am the Frank Luntz of the left roseBudd Sep 2014 #19

My greatest apologies, I should have included a sarcasm note. As one that is rhett o rick Sep 2014 #32

This morning I was thinking back on when we bought our twnhouse....6 months b4 the crash. C Moon Sep 2014 #7

Several years ago on this forum, while President Obama had just gotten his seat warm in the Oval Ofc Jack Rabbit Sep 2014 #8

It's pointless Hutzpa Sep 2014 #12

Actually, it isn't a question of race. The press did the same thing to Jimmy Carter and to Bill JDPriestly Sep 2014 #15

Job loss and low wages are directly related to share holders in many cases IMO. L0oniX Oct 2014 #44

Don't be such a grumposaurus, cali! RufusTFirefly Sep 2014 #9

I love this post. Not Sure Sep 2014 #11

Nice! adirondacker Sep 2014 #37

Unemployment among the 'over 50 and over-qualified' has reached Depression-era levels. ColesCountyDem Sep 2014 #13

Fed policy serves the very rich, not the rest of us. JDPriestly Sep 2014 #14

Job quality is also going down Cayenne Sep 2014 #36

I have always wondered... IthinkThereforeIAM Sep 2014 #16

You make a good case for SheilaT Sep 2014 #22

I recently purchased a new car GP6971 Sep 2014 #31

Your Triumph Bonneville MineralMan Oct 2014 #41

Good call... IthinkThereforeIAM Oct 2014 #63

Well, for what it's worth, construction is booming again. PeteSelman Sep 2014 #17

You nailed it LondonReign2 Oct 2014 #51

ok rtracey Sep 2014 #18

back in the day strawberries Oct 2014 #55

what;s going on now is the new normal. KG Sep 2014 #20

Agreed. customerserviceguy Sep 2014 #29

I disagree. obxhead Oct 2014 #56

Then I would submit to you customerserviceguy Oct 2014 #71

Don't forget that our economic rivals were blasted Yupster Oct 2014 #73

Exactly.. sendero Sep 2014 #35

The economy for the 1% is doing just splendid, thank you very much. blkmusclmachine Sep 2014 #21

Hmmm, You or Paul Krugman? On the Road Sep 2014 #23

Exactly, Krugman, the folks at Forbes, etc. The economy is recovering very well. stevenleser Sep 2014 #30

That's ridiculous laundry_queen Sep 2014 #34

Its not ridiculous. Nobel laureates agree with it and disagree with you. stevenleser Sep 2014 #38

I read it, thanks. Twice. But thanks for the link. Again. laundry_queen Sep 2014 #39

Milton Friedman won a Nobel Peace PRize, and he had the same disdain truedelphi Oct 2014 #66

A better question is what type of job is created. greytdemocrat Oct 2014 #59

Do you know if that article is an OP? Now that's one I'd be happy to kick and rec Number23 Oct 2014 #68

There is at least one OP on that article progree Oct 2014 #69

Thanks very much! Number23 Oct 2014 #72

I agree Andy823 Sep 2014 #24

We should spend the remainder of the month before the election trashing the economy progree Oct 2014 #70

K & R !!! WillyT Sep 2014 #25

true true true Elmer S. E. Dump Sep 2014 #26

Economy is fine but... kansasobama Sep 2014 #27

When in doubt ...blame the left. L0oniX Oct 2014 #45

Texas Dem voting rate is beyond pathetic. No good reason it isn't a Blue state like Cali. nt wolfie001 Oct 2014 #46

A partial reason is that a lot of those Texas dem voters LondonReign2 Oct 2014 #53

It wasn't "the left" or "liberals", it was centrists and independents LondonReign2 Oct 2014 #52

The economy isn't great, but it is a lot better than it was. I can tell you people are getting still_one Sep 2014 #28

Credit has made up for decent wages. CrispyQ Oct 2014 #40

And once we've all hit our credit limits, they'll bring back debtor's prisons... cascadiance Oct 2014 #57

And what happens when interest rates rise? Yupster Oct 2014 #74

The Dow only measures how fast Wall Street is stealing from us. Orsino Oct 2014 #43

Ah, democracy at work. Let's all vote blue, surely that is the answer? nt mother earth Oct 2014 #48

And what is the alternative? nt Hutzpa Oct 2014 #49

Remember one thing, it's not the vote, it's who counts the vote. I don't know the alternative, mother earth Oct 2014 #50

Pensions are in the stock market, so there is that. WinkyDink Oct 2014 #58

Agreed. davidthegnome Oct 2014 #60

Stock market on a whole has been down for over a month. . B Calm Oct 2014 #61

Summer of 2014 - record number of auto repossessions and the Autumn won't be better. truedelphi Oct 2014 #65