obama. best president ever for the market.

Discussion in 'Politics' started by Free Thinker, Jan 1, 2011.

  1. Ricter

    Ricter

    Last month private sector job growth came in three times higher than what economists had predicted, and despite the public sector continuing to shed jobs, the unemployment rate edged down.
     
    #61     Jan 6, 2011
  2. #62     Jan 6, 2011
  3. i am going to throw you wingnuts a bone. obama has been not that great on jobs in america. he has continued the republican policy of encouraging outsourcing of jobs to low wage countrries. simple tax policy changes could reverse this practice.
    that is one of the reasons he has such a strong market. corporations dont care where they hire workers. they are in it to maximize profits. there is a reason stocks are so strong. corporations are booking record profits and paying record low taxes while getting tax breaks to move jobs overseas.
    the job market is booming:
    http://www.huffingtonpost.com/2010/12/28/job-market-booming-overseas_n_801839.html
     
    #63     Jan 6, 2011
  4. Ricter

    Ricter

    Not truly an opposing story, as underemployment has been growing for decades imho, and it looks to me like it will continue to do so. And of course underemployment can grow even as unemployment falls, for obvious reasons.


    "U.S. Private Sector Job Growth Far Exceeds Economist Estimates
    (RTT News)

    Private sector employment in the U.S. showed a substantial increase in the month of December, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, with the private sector job growth far exceeding economist estimates.

    The report said private sector employment increased by 297,000 jobs in December following a downwardly revised increase of 92,000 jobs in November. Economists had expected an increase of about 97,000 jobs compared to the increase of 93,000 jobs originally reported for the previous month.

    ADP said that the much stronger than expected job growth in December reflects a pace that is well above what is usually associated with a declining unemployment rate.

    The sharp rise in employment was largely due to job growth in the service-providing sector, which added 270,000 jobs in December. The increase marked the eleventh consecutive monthly gain and was the largest monthly increase in the history of the ADP report.

    Employment in the goods-producing sector rose by a more modest 27,000 jobs in December, although it still marked the biggest increase since February of 2006.

    The report also showed that the job growth reflected notable increases in employment at small and medium-size businesses, which added 117,000 jobs and 144,00 jobs, respectively. Employment at large businesses increased by 36,000 jobs.

    Commenting on the data, ING senior economist James Knightley said, "The ADP private sector employment report has clearly boosted hopes that Friday's payrolls figure will be on the strong side." However, he noted, "Government job losses are still a threat given state and local government budget issues and will subtract from the headline figure."

    Friday's Labor Department report, which includes both private and public sector jobs, is currently expected to show that employment increased by about 140,000 jobs in December following the addition of 39,000 jobs in November.

    The unemployment rate is also expected to edge down to 9.7% from 9.8%. "
     
    #64     Jan 6, 2011
  5. Increasing unemployment to 9.8%? That's an understatement.
    Last I heard, Barry's a Democrat. [​IMG]
    Outsourcing jobs to low wage countries, but the job market is booming? Huh? [​IMG]
     
    #65     Jan 6, 2011
  6. #66     Jan 6, 2011
  7. Quote 1 does not equal quote 2.
    Besides, the public sector job expenditures are unsustainable. [​IMG]
    And we're still at 9.8% unemployment.
     
    #67     Jan 6, 2011
  8. You didn't say the overseas part. Plus, who's in charge! Barry the Democrat! [​IMG]
     
    #68     Jan 6, 2011
  9. Leftist propaganda.
    Bush created hundreds of thousands of jobs. Barry created zero jobs and we're at 9.8% unemployment! [​IMG]
     
    #69     Jan 6, 2011
  10. No, you steaming POS.
    I scanned this board, and as expected, you have zero objection to the guys who fund the Tea Party, which is entirely a Republican phenomenon, but you make sure you get your two cents in when Soros gets mentioned.
    You're so transparent it's ridiculous. It took me seven minutes to confirm what I suspected when I wrote the first post.
    Not that you're unique that way. Libertarian = Extremist Republican, each and every time.
     
    #70     Jan 6, 2011