His image took a hit today. Came off as kooky old man.

 

Like Clint Eastwood. Seems to be a growing group.

We are no better off then we where 4 years ago. WAKE UP AMERICA!

 

Unemployment is coming down, job

market is improving, stock market has rebounded, housing market is picking up and we are out of the war. How can't we be better off? As its been said by many, it's going to take some time to clean up the mess that Bush left. We are better off than 4 years ago.

This is such a great day:irked:. The unemployment numbers are now BACK (down) to what they were when Obama took office. Forty four months to get unemployment to where it was when he took office is NOT economic recovery.

 

So agian, are you better off today than you were 4 years ago?

 

Nope. Not even close.

Also saw today (not reported by the media) that using the 2007 the labor participation rate numbers (IE: # of potential workers--Does anyone really believe that there are less available workers today than 5 years ago??) vs. the numbers used to create today's reported rate (this may be an altitude adjusted rate??); that the actual unemployment rate is 11.3%, not including the "underemployed"?? Simply put, the % of Americans employed is still down drastically. Keep believing in hope & change, while we become Greece part II.

 

What is so hard to believe that the labor force would be smaller in 2012 than 2007? The baby boomer generation started in 1945. 2007-1945=62 just shy of retirement age. 2012-1945=67 over retirement age. It is pretty obvious to me that the largest generation of people in the history of our country reaching retirement age would reduce the potential labor force.

This is such a great day:irked:. The unemployment numbers are now BACK (down) to what they were when Obama took office. Forty four months to get unemployment to where it was when he took office is NOT economic recovery.

 

So agian, are you better off today than you were 4 years ago?

 

Economically, absolute no.

Since some guy from Kentucky is not so trusted (nor should be overall) here is a good comprehensive review beyond the 7.8...

 

Mish's Global Economic Trend Analysis: September Jobs +114,000; Unemployment Rate 7.8%; Part-Time Workers +582,000; Initial Reaction and Election Impact

 

"Recall that the unemployment rate varies in accordance with the Household Survey not the reported headline jobs number, and not in accordance with the weekly claims data."

 

"There are 8,613,000 workers who are working part-time but want full-time work. This is a volatile series, however, this month's jump of 582,000 is exceptionally large."

 

 

"The official unemployment rate is 7.8%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.

 

U-6 is much higher at 14.7%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years.

 

Note that U-6 unemployment did not drop. Only baseline unemployment did."

Finally...

 

"Given the complete distortions of reality with respect to not counting people who allegedly dropped out of the work force, it is easy to misrepresent the headline numbers.

 

Digging under the surface, the drop in the unemployment rate over the past two years is nothing but a statistical mirage. Things are much worse than the reported numbers indicate."

Economically, absolute no.

Economically I am better !!!

Unemployment is coming down, job

market is improving, stock market has rebounded, housing market is picking up and we are out of the war. How can't we be better off? As its been said by many, it's going to take some time to clean up the mess that Bush left. We are better off than 4 years ago.

 

Stock market is crazy. I'm a novice, NOVICE, investor and made my dad and myself a nice chunk of change because of QE3.

Without being an economically minded person all I really state is what I do know, in the past 4 years I have not once had my salary increase in my school district. Other than the moving up the "years" scale it has stayed put, which is actually a decrease when prices have gone up. In the past we would get a 1% increase most of the time, that has gone out the window. My wife and I are, without a doubt (she is a teacher also), in worse financial shape today then we were 4-5 years ago. Fact. Don't get me wrong, we aren't in any trouble, we have never been in credit card debt (thank God) but we don't have a lot of cushion either. Our staff has been cut, our class sizes are up and all we hear about (at least in our district) is cuts, cuts, cuts.

 

I state this because when people say we are in better shape I have to shake my head in disbelief.

As a teacher my paycheck has went DOWN 2 out of the past 4 years. The raises were due to getting my Master's and becoming a HC.

We are no better off then we where 4 years ago. WAKE UP AMERICA!

 

Again, my point is pretty simple. All this says is that the UE got better. That cannot be a bad thing.

And the number of people that get let go when Obamacare makes small business owners who can't afford to insure their employees cut their payroll will send that number back above 8 and beyond. No, I don't have a link, I have a hunch.

What is so hard to believe that the labor force would be smaller in 2012 than 2007? The baby boomer generation started in 1945. 2007-1945=62 just shy of retirement age. 2012-1945=67 over retirement age. It is pretty obvious to me that the largest generation of people in the history of our country reaching retirement age would reduce the potential labor force.

 

That's just the leading edge of the baby boomer generation which includes those thru 1962 I believe, wouldn't have much effect, particularly when people are working longer. We've been hearing for 4 years that seniors are having to put off retirement. Now you're saying that isn't so?

Without being an economically minded person all I really state is what I do know, in the past 4 years I have not once had my salary increase in my school district. Other than the moving up the "years" scale it has stayed put, which is actually a decrease when prices have gone up. In the past we would get a 1% increase most of the time, that has gone out the window. My wife and I are, without a doubt (she is a teacher also), in worse financial shape today then we were 4-5 years ago. Fact. Don't get me wrong, we aren't in any trouble, we have never been in credit card debt (thank God) but we don't have a lot of cushion either. Our staff has been cut, our class sizes are up and all we hear about (at least in our district) is cuts, cuts, cuts.

 

I state this because when people say we are in better shape I have to shake my head in disbelief.

 

Public service (teaching, firefighting, police work) doesn't count. Government is too big.

Public service (teaching, firefighting, police work) doesn't count. Government is too big.

 

Your right, I don't count. Good grief.