Unemployment Rate 7.8%

Discussion in 'Politics' started by saturneptune, Oct 5, 2012.

  1. saturneptune

    saturneptune
    Expand Collapse
    Banned

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    0
    There have been dozens of threads started relating to the debate, and how it changed the dynamic of the election. The news of 7.8% just cancelled and reversed that. If one wants to ensure Obama is defeated, then the only solution if to fight like there is no tomorrow until election day. Obama is still ahead. The debate was only a temporary event. We tend to grasp at straws and cling to a single event, putting all hope of victory on the debate. That is a sure sign Romney is in trouble.
     
  2. targus

    targus
    Expand Collapse
    New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
  3. OldRegular

    OldRegular
    Expand Collapse
    Well-Known Member

    Joined:
    Nov 21, 2004
    Messages:
    22,678
    Likes Received:
    53
    Another October surprise!
     
  4. Arbo

    Arbo
    Expand Collapse
    Active Member

    Joined:
    Dec 4, 2010
    Messages:
    3,942
    Likes Received:
    1
    Why did it become news the day after it would have been most useful?
     
  5. Don

    Don
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 7, 2000
    Messages:
    10,550
    Likes Received:
    213
    There were some predictions a few days before the debate that the numbers were going to drop. Besides, they're trying to offset 2 things: the "no sitting president has been re-elected with unemployment over 8%"; and his disappointing debate performance. Wouldn't want to put out good numbers and then perform poorly.
     
  6. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,272
    Likes Received:
    620
    The jobs numbers come out on the first Friday of the month. There is no conspiracy with the timing of the numbers. The jobs report for October, due out on November 2nd, the Friday before the election, is predicted to show the unemployment rate at 7.9% up from 7.8% reported today.
     
  7. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,134
    Likes Received:
    221
    So the next one will be the weekend just before the election
     
  8. Zaac

    Zaac
    Expand Collapse
    Banned

    Joined:
    Jun 12, 2012
    Messages:
    13,757
    Likes Received:
    220
    I stopped paying attention to these government reports because they lie. How on Earth do you have the audacity to tell me that the unemployment rate dropped just because you decided to no longer count 300,000 plus folks who just gave up looking? This gets people excited?

    In the words of Neal Boortz, bunch of myrmidons.:laugh:
     
  9. Mexdeaf

    Mexdeaf
    Expand Collapse
    New Member

    Joined:
    Mar 14, 2005
    Messages:
    7,051
    Likes Received:
    0
    The unemployment rate is actually closer to 11.5%, give or take a couple tenths.

    (That's not counting all of the professional protestors, vote "gatherers", and Black Panther Party "doorkeepers" on the Democratic payroll. Maybe another tenth or so for them.)
     
  10. Arbo

    Arbo
    Expand Collapse
    Active Member

    Joined:
    Dec 4, 2010
    Messages:
    3,942
    Likes Received:
    1
    Thanks, ITL. Learn something new every day.
     
  11. preachinjesus

    preachinjesus
    Expand Collapse
    Well-Known Member
    Supporter

    Joined:
    Feb 9, 2004
    Messages:
    7,406
    Likes Received:
    99
    The economy is beginning to improve. This isn't the direct, or sole result of the President's initiatives. (As a larger point I just don't think that any President can dramatically improve an economy for the better in the short term.) One of the big issues for both parties right now is that the economy is looking to shift back to a more productive economy by the end of next year. (We will never return to dominance.)

    So whoever wins gets the benefits of that improvement.

    Father jobs report is weird, I wonder how many people are dropping out because they are giving up in finding work? That said, I have doubt the economy is improving...for now.
     
  12. saturneptune

    saturneptune
    Expand Collapse
    Banned

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    0
    The government giving inaccurate date is a given. It is not just not counting those who have given up looking, it fails to factor in those who are working way below their skill level and part time. Thanks for all the replys. My point is this is a marathon until election day. Hanging a hat on one event like a flawed debate performance is a fatal mistake.
     

Share This Page

Loading...