Author Topic: Will Obama finally get some credit for the improving economy?  (Read 601 times)

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Offline massadvj

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Re: Will Obama finally get some credit for the improving economy?
« Reply #1 on: July 03, 2014, 05:34:34 PM »
I can't explain it better than Rush did today, so here is Rush's take:

"So we are creating jobs left and right.  Man, oh, man.  We are just percolating.  We are smokin'!  We're steaming right along.  So the unemployment rate fell from 6.3 to 6.1%.  Well, you want the internals?

"The number of people aged 16 years and above who are not in the labor force increased by 111,000 this past month. While a somewhat lower increase than in months past, it still outpaces forecasted retirements."  The number of people 16 and above who are not in the labor force.  So another 111,000 people just left the labor force.  That's the labor force participation rate.

Remember the total job number now, 288,000, that's the big number they reported.  Got that in your head, 288,000?  Yippee, new jobs.  "The number of people taking part-time jobs because they cannot find full-time work increased by 275,000 this past month." Yeah, of course there's a lot of careers being built on that.  Two hundred and eighty-eight thousand new jobs, 275,000 are part time.  Ahem.

"In fact, the number of people employed full-time ... declined by 523,000 while the number of part-time workers increased by 799,000 (which includes those who wanted part-time and those who wanted full-time but could only find part-time)." Got that?  June full-time jobs plunged by over half a million.  Part-time jobs surged by 800,000.  That's the most since 1993.  Now, somewhere out there is this number of 288,000 new jobs that the Drive-Bys and their faux economist reporters are doing cartwheels over.  So 111,000 more people leave the labor force, 275,000 new part-time jobs this month.  The number of people employed full time declined by over half a million.  The number of part-time workers increased by nearly 800,000. ..."

"Here, in a nutshell, is what you need to know about the jobs report number today.  This is what you need to know: 500,000 full-time jobs were lost in June while 799,000 low-paying part-time jobs were created.  That's the most since 1993. Those 800,000 low-paying part-time jobs, that's what you need to know. That's how you get close to the 288,000 number: 500,000 full-time jobs lost.

You're gonna see all day and all weekend as the Drive-Bys pump this up, "Wow, 288,000 new jobs! Five straight months of 200,000-plus jobs created! The unemployment rate is down to 6.1%! Wow!  Isn't Obama great?"  Blah, blah. Blah, blah. Blah, blah.  The number (and it's in the same report that that 288,000 number is in) is half a million full-time jobs lost in June, and 799,000 part-time jobs created.

Remember how we were told it was a lie that Obamacare would cause employers to drive people to part-time jobs?  Remember how we were all told that?  There were a number of us who pointed out that this is gonna cause employers to shift people from full time to part time so that they do not have to cover them.  The costs are gonna be so high that employers are gonna shift jobs.

They're gonna cut hours down to below 30 a week, making 'em part time so that they are exempt from the mandate that they be provided health insurance.  We were told that that was a lie, that Obamacare would cause that to happen.  We were told that there was no evidence of that happening!  Well, now we have the evidence.  We have the evidence.

We were told that that wasn't gonna happen.

"No, no, no, no, no.  Obamacare is gonna be so attractive to employers, it's gonna be so attractive it's not gonna cause that to happen," and it's been happening long before this. It just keeps growing.  More and more people are being converted to part time and losing their health care in the process, and they told us we were crazy for saying that.  They told us that we were nuts for thinking that." 

« Last Edit: July 03, 2014, 05:35:00 PM by massadvj »
"She only coughs when she lies."

Offline Oceander

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Re: Will Obama finally get some credit for the improving economy?
« Reply #2 on: July 03, 2014, 10:32:48 PM »
he doesn't deserve it so why should he get it?

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