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Old 02-08-2012, 03:39 PM   #921
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of course, it wouldn't be FYM if we weren't contrary for the sake of being contrary, sorry if i came across a bit too curt.
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Old 02-08-2012, 03:40 PM   #922
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Exactly
You can't just keep riding on the coat-tails of Irvine and shouting from the sidelines. You should try to develop your own arguments now and again and write posts of your own, then you can be allowed play with the big boys and girls.
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Old 02-08-2012, 03:41 PM   #923
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of course, it wouldn't be FYM if we weren't contrary for the sake of being contrary, sorry if i came across a bit too curt.
No worries, I am after all the Bad News Bear of the forum.
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Old 02-08-2012, 04:29 PM   #924
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Originally Posted by financeguy

You can't just keep riding on the coat-tails of Irvine and shouting from the sidelines. You should try to develop your own arguments now and again and write posts of your own, then you can be allowed play with the big boys and girls.
I've engaged with you plenty of times over the years. I started a response, then read irvine's and decided it was much more precise, and didn't want to clog this thread with reiterations of the same post.

But in general I believe you have lost your sense of nuance lately and have started to just take the Rush/ Hannity script and write it as your own. I find it disappointing, for you use to be able to rise above that garbage.
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Old 02-08-2012, 04:49 PM   #925
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all i've done is demonstrate that Obama inherited an economy that was losing 750,000 jobs a month and is now creating 200,000+ a month.

you sound like Sean Hannity, Rush Limbaugh, and any other right wing bookseller.

no one is claiming Obama has performed an economic miracle, but constantly looking for bad news when there clear sings of a slow but real recovery (no double-dip recession) seems like being contrary for the sake of being contrary.
I don't particularly like bad news, and i dont think Financeguy does either. But even as an optimist, i dont think its wise to pass on bad news disguised as good news.

I realize this has already been covered a few pages back, so im surprised to see it come up again.

Here's the dirty little secret:





Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low










Largest absolute jump in people dropping out of labor force:




Record 1.2M Fall Out Of Labor Force

Participation rate falls to 63.7%, a 30-year low.

Sorry, but it's a FACT - we're not actually seeing an employment recovery, we're seeing desperation turn to hopelessness and giving up all together for millions of Americans.

Financeguy is just calling it like he sees it.
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Old 02-08-2012, 05:57 PM   #926
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of course, it wouldn't be FYM if we weren't contrary for the sake of being contrary, sorry if i came across a bit too curt.
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Old 02-08-2012, 05:57 PM   #927
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I think we need to have it explained how the Census works.
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Old 02-08-2012, 06:39 PM   #928
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Record 1.2M Fall Out Of Labor Force

Participation rate falls to 63.7%, a 30-year low.

Sorry, but it's a FACT - we're not actually seeing an employment recovery, we're seeing desperation turn to hopelessness and giving up all together for millions of Americans.
Again--this was the month they made the once-a-decade census adjustment. That was an adjustment of 1,510,000 people who had never been counted before (with no backwards adjustment). 1,288,000 were added to the 55+ age group (56% as "not in labor force"), 430,000 were added to the 16-24 age group (76% as "not in labor force"), and for the 25-54s there was a negative adjustment, -299,000. In total, that's 1,250,000 added to "not in labor force" and 258,000 added to the labor force (216,000 employed, 42,000 unemployed). Which explains the drop in the labor force participation rate. None of these people "fell out" of anything, unless you want to make the case that the US population somehow managed to literally grow by 1,510,000 in one month.
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Old 02-08-2012, 06:48 PM   #929
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more data from various sources:

http://www.shrm.org/Publications/HRN...nds_lowrez.pdf


will try this link again, it didnt work in my previous post

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

Quote:
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
Submitted by Tyler Durden on 02/03/2012 08:51 -0500

BLS Bureau of Labor Statistics Unemployment Withholding taxes


A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

Chart below shows it all - that jump is not a fat finger!
(ive already posted the charts in the previous post)
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Old 02-08-2012, 07:10 PM   #930
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Originally Posted by Mrs. Garrison View Post
more data from various sources:

http://www.shrm.org/Publications/HRN...nds_lowrez.pdf


will try this link again, it didnt work in my previous post

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge


(ive already posted the charts in the previous post)


this has already been answered. read Yolland's post above or refer to my post on this a few pages back.
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Old 02-09-2012, 02:46 PM   #931
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Census adjustment, who are the census bureau btw (they never contacted me for anything )

A couple of thoughts, if this is true someone might want to notify MSNBC then because they are still printing articles (as of yesterday) which state that over 1 million people have given up looking for work:

Bottom Line - Jobless want you to quit already!

Quote:
Even though the unemployment rate dipped to 8.3 percent last month, there were still nearly 13 million jobless searching for work, and the number of discouraged workers, or workers who gave up looking, topped 1 million.
We already know that American Airlines is cutting 10,000 - 15,000 jobs, announced last week, and now Pepsi is getting ready to layoff 8700 poor souls:

Bottom Line - PepsiCo plans to cut 8,700 jobs

Quote:
PepsiCo also said it plans to increase its advertising and marketing investments by $500-$600 million in 2012, with particular focus on North America. PepsiCo’s Chairman and CEO Indra Nooyi appeared on CNBC to discuss the investments, the company’s outlook and the planned job cuts.

“Layoffs are very very difficult,” she said, adding that even though the company is laying off 8,700 people, overall those cuts will be offset by the fact that PepsiCo hires between 15,000 and 20,000 workers globally.
Well done Pepsi, spend $600 million advertising your shit so you can cut 8700 jobs, which is okay because you can turn around and hire a bunch of people overseas for less than 1/4 the wages of the 8700 you cut in conus.

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Old 02-09-2012, 03:28 PM   #932
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Census adjustment, who are the census bureau btw (they never contacted me for anything )
Do you happen to live in a cave? They stalked me worse than an ex-girlfriend.

Quote:
Originally Posted by Mrs. Garrison

We already know that American Airlines is cutting 10,000 - 15,000 jobs, announced last week,
The airlines is a dying industry, has been since 9/11 they haven't learned how to evolve. I don't think any president is going to be able to do much for them.
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Old 02-09-2012, 04:25 PM   #933
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Do you happen to live in a cave? They stalked me worse than an ex-girlfriend.
Yes, in fact i do live in a cave

Quote:
The airlines is a dying industry, has been since 9/11 they haven't learned how to evolve. I don't think any president is going to be able to do much for them.
Much like the soft drink industry is a dying industry?
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Old 02-09-2012, 05:03 PM   #934
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Much like the soft drink industry is a dying industry?
It's Pepsi, they've been losing the cola war well before Obama was just a little Kenyan.
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Old 02-09-2012, 08:12 PM   #935
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Census adjustment, who are the census bureau btw (they never contacted me for anything )
you didn't get a form? every household was supposed to get a form. if you're talking about a visit from someone, that's completely random and they obviously can't visit everyone. i remember when the forms went out and all the friends on my facebook said they weren't going to fill it out because they thought it was an invasion of privacy. give me a break. don't come crying to me when your district loses funding because they thought less people lived there so they close a school or library.

my mom worked for them, they wanted me to work for them too but they waited a full year to contact me after i replied. by the time they contacted me i was about to move out of the country in a couple weeks.
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Old 02-09-2012, 08:25 PM   #936
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i remember when the forms went out and all the friends on my facebook said they weren't going to fill it out because they thought it was an invasion of privacy. give me a break. don't come crying to me when your district loses funding because they thought less people lived there so they close a school or library.
Yeah, I don't get that argument, either. It's a population survey, basically. I've seen the census forms when my family filled them out and it's not like they're asking questions about your daily personal showering habits or anything.

Not to mention, it specifically states in our Constitution that a census will happen every 10 years. So if this is some sort of invasion of privacy, we're going to need to do some Constitution altering again .
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Old 02-09-2012, 08:41 PM   #937
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Yeah, I don't get that argument, either. It's a population survey, basically. I've seen the census forms when my family filled them out and it's not like they're asking questions about your daily personal showering habits or anything.

Not to mention, it specifically states in our Constitution that a census will happen every 10 years. So if this is some sort of invasion of privacy, we're going to need to do some Constitution altering again .
exactly. yet some of these people are the same people who want to regulate so much personal stuff that's frankly no one's business but yours, which you could argue is the real invasion of privacy.
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Old 02-09-2012, 08:42 PM   #938
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exactly. yet some of these people are the same people who want to regulate so much personal stuff that's frankly no one's business but yours, which you could argue is the real invasion of privacy.
Exactly.

These are also the same sorts of people who will willingly share every last bit of information about their lives on Facebook and such, too.
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Old 02-10-2012, 12:13 AM   #939
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ABC News, Feb. 9
Quote:
“[Obama]’s trying to weaken them, churches, trying to say that anybody who believes in the values of the Judeo-Christian policies,” Santorum said to about 2,000 people in a converted barn [in Plano, TX, Feb. 8], one of his largest audiences of the campaign...“They are taking faith and crushing it. Why? Why? When you marginalize faith in America, when you remove the pillar of God given rights then what’s left?” Santorum asked and an audience member offered, “Communism!”

“The French Revolution,” Santorum answered.
ThinkProgress, Feb. 9 (video embedded)
Quote:
"[The French Revolution] was a secular revolution on which we relied on the goodness of each other. This is the left’s view of where America should go. And of course where did France go? To the guillotine. To tyranny. If there are no rights that government needs to respect, then what we see with ObamaCare is just the beginning of what government will do to you."
And the most unique take on de Tocqueville I think I've ever heard (New Yorker, Feb. 9 [video embedded]):
Quote:
"He came from a country, they had a revolution, too…Their constitution by the way was very similar to the American Constitution. But it was one difference. Their constitution was based on three principles. Liberty—good. Equality—good. And fraternity—brotherhood. Brother-hood. But not fatherhood. The rights came from each other. Came from the government. Not inalienable rights that came from God."
Qu'ils mangent de l'Eucharistie!
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Old 02-10-2012, 12:26 AM   #940
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It boggles the mind.
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