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[Presidential Election Thread] All Hail the Liberty Rooster.
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All the various unemployment numbers are confusing in their own way, this one confuses based on the fact that we do have an aging population. The two real economic numbers to consider are.
GDP
Fraction of wealth concentrated in top 1 and 0.1%
Maximize the first, minimize the latter and you are out of a recession.
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Old people are working more than ever, young people are falling out of the labor force. The younger you are, the worse the damage is. We're at 80's level employment rates, despite the fact that back then it was still considered normal for most women to not work.
? I'm a bit confused, you think that the top 0.1% should earn (on average) 800 times more than the average wage of the top 80%? I think that that might be a bit skewed for my taste.
That being said, the market is very finicky right now. There’s one of these figures released about once a day, and the market will react pretty decisively to them. It’ll be as likely to jump 200 points as it is to drop 200 the next day. This is good news for day traders.
I'm pretty sure this was more of a wealth-redistribution sentiment. Or probably more accurate, to say that the amount of money that the top 0.1% have should be the amount of money that the top 80% has. Advocating less of a wealth gap, basically.
~280k(?)150k a month to be doing ok?So are we counting 115k as crappy but at least not in the wrong direction?
Edit: Updated with the correct number.
No, I am not really communist. Yes, it is weird that I use this name.
To be fair, I'm pretty sure that's supposed to be the Tree of Life. He's still, you know, crazy, but you can't fault him for moderately imaginative religious imagery, I guess.
150k. So far, on track, on average. Current estimates for the last six months or so (the 150k figure was presented early February around when the January report came out and looked back 3 months, so...):
April: 115k
March: 154k
Feb: 259k
Jan: 275k
Dec: 223k
Nov: 157k
I think the 280k a month number is for a robust recovery, so 115k would be considered a weak recovery. Still a recovery, but not as good as we want it to be. The real question is, what is the Republican plan for doing better? Cutting taxes on the rich and slashing spending? They should look at other countries that are already doing this and see if that's really what they want to do.
@Tenek do you happen to have a link? My google-fu is not strong today.Derp. I found it: http://fivethirtyeight.blogs.nytimes.com/2012/02/03/obamas-magic-number-150000-jobs-per-month/
No, I am not really communist. Yes, it is weird that I use this name.
But, see, we'll cut even more taxes and slash even more spending.
It'll totes work.
It's not great numbers, but Romney has no real narrative to counter the fact that consistent growth is happening.
If Obama couldn't grow the economy at all, I think people would be willing to change just about anything just for change's sake, but Romney now has to actively come up with an economic recovery package that both reasonably can argue it will create more jobs than Obama and still sate his GOP overlords' demands for cutting taxes, growing corporate wealth, and shrinking the government.
His "If we just give companies more money, they'll give you jobs!" shtick has failed to catch on already, so he'll have to go back to the drawing board.
Ask, and ye shall receive. Romney’s job creation goal: 4 percent unemployment and 500,000 jobs per month. O_o
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Yes, thought this was fairly obviously what I meant.
Steam Profile | Signature art by Alexandra 'Lexxy' Douglass
This is a realistic and noble goal.
http://thinkprogress.org/economy/2012/05/04/478368/478368/
Spoiler'd For Big Chart
:shock: Holy shit, that's a pretty big milestone. If that doesn't become a major talking point, we deserve to be subjugated to our new free market overlords.
STEAM: Gasman1220 | My Backloggery
DO YOUR DUTY!
my unofficial autobio will be accompanied with tips on how to smile
cause I've found that when they don't see you frown, they never know that you're a threat
and they don't sweat you when you came around
But this is politics, baby, image image image.
Might as well say, "Romney's Economic Recovery Plan: More People With Jobs Making Money, Details TBA."
QEDMF xbl: PantsB G+
No, I am not really communist. Yes, it is weird that I use this name.
OK, whoever made that graph has some issues with the word "trough". You don't get to go below zero after the worst point.
much better to just talk about month to month gains
my unofficial autobio will be accompanied with tips on how to smile
cause I've found that when they don't see you frown, they never know that you're a threat
and they don't sweat you when you came around
Is that not just tracking how many jobs are created month to month?
The trough in question isn't related to jobs but GDP growth.
Well... I mean, not that I think President Romney would have a snowball's chance in hell of accomplishing that goal, but that is the goal we should be working towards.
LET THE FREE MARKET LOOSE
If faith is just a silent tribute, mine is just a desperate act.
It's happened a grand total of five times in 50 years. That's the point. He is expecting, demanding, and promising something completely unrealistic.
Shut it down.
Of course Romney's proposed solution of "continue laying off government employees" would only make it worse. But I don't like it when democrats act as though the current course of action is perfectly fine.
The things Romney wants to do would not bring any of his stated goals.
Also, the current course of action is basically hamstrung by Republican douchebaggery. They refuse to do the things we need to do.
Yes I do fucking want it redistributed downward, it's the only sensible thing to do given where this is heading.