March Job Growth Stuns Markets

[Ziroc]

Originally posted by The Hierophant: quote: The big jump in payrolls stood in sharp relief to the average gains of around 75,000 new jobs in the prior six months. It trimmed the number of jobs lost since Bush took office to a still-hefty 1.8 million.

I'm not saying widespread job losses are anyone's fault in particular, but I think the above figure is still very important. A 308,000 job gain is great, but that's still only about 16% of the remainder of the 1.8m 'lost jobs'.

The job market is making a comeback, but the job 'defecit' is still large. Not that it has a huge amount to do with presidential policy anyway. [/QUOTE]Yeah, I hope the trend continues.. I remember in the late 90's, being in a Mall, and man, every single shop had a 'help wanted' sign out! Now, it's very rare. 9-11 did have a lot to do with it though..

[ 04-05-2004, 05:11 AM: Message edited by: Ziroc ]

[Ziroc]

Originally posted by Skunk: I think that you would get on well with my wife Ziroc. This is what she said to me a couple of years ago when she bought a new coat: Her: "Hey I saved us 200 EUR by buying this coat in the sales! It was originally 600 EUR, but was marked down to 400 EUR! Am I good or what?!" Me: "Ummmm.... no, you just cost us 400 EUR on a coat that you didn't need" Her: "Dam! You never see the positive side of things!" Me: "That's because there are 400 negative things that just appeared on the bank statement" When the jobless figures are lower than when Bush came to office, then you have positive news about the economy that Bush can claim credit for.

funny. As I told Skywalker, if the numbers were lower, you WOULD credit Bush with causing it.. It's silly.. Admit when something is getting better, no matter how small. It will take time, but we are slowly growing again, and it's good for everyone...

[ 04-05-2004, 07:04 AM: Message edited by: Ziroc ]

[Chewbacca]

Good news, if the trend continues. I will be looking for a new job come May, so I do hope it keeps up as we have alot of catching uptp do. I spent 6 months unemployed last year myself, it sucks!

Oh, I think blaming 9-11 for our finacial woes is a bit past it's time. Bush takes credit for his tax cuts- well it has taken 3 years of tax cuts to create nominal 1-month growth. If the trend keeps up past one month, he can take credit. Given the jobs track record + the deficit + the excess spending/governemnt growth I am quite skeptical (for reasons that have nothing to do with partisanship or hate) about Bush's fiscal prowess and ability to restrain congressional spending habits.

[skywalker]

Originally posted by Ziroc: Seriously though, you really believe that one person changed the way the entire World's outlook of the United States in just four years? And that the everything we've done before that is moot? Every President makes mistakes, heck, Look at Clinton...

Seriously?

Ok Ziroc:

1)What was the view toward the USA, of a majority of countries in the World, the day after 9/11?

2)What was the view toward the USA, of a majority of countries in the World, during the build up to the War with Iraq?

3)What is the view toward the USA, of a majority of countries in the World, at this moment?

Yes Ziroc, I seriously believe that one person changed the way the entire World's outlook of the United States in just four years.

It is hard to believe (in my view) that Clinton was impeached for lying about sex. Some of the current President's mistakes (in my view) seem worse.

Mark

[Ziroc]

Originally posted by skywalker: quote: Originally posted by Ziroc: Seriously though, you really believe that one person changed the way the entire World's outlook of the United States in just four years? And that the everything we've done before that is moot? Every President makes mistakes, heck, Look at Clinton...

Seriously?

Ok Ziroc:

1)What was the view toward the USA, of a majority of countries in the World, the day after 9/11?

2)What was the view toward the USA, of a majority of countries in the World, during the build up to the War with Iraq?

3)What is the view toward the USA, of a majority of countries in the World, at this moment?

Yes Ziroc, I seriously believe that one person changed the way the entire World's outlook of the United States in just four years.

It is hard to believe (in my view) that Clinton was impeached for lying about sex. Some of the current President's mistakes (in my view) seem worse.

Mark [/QUOTE]So everything the USA has done for the world in the past is forgotten? I guess you're only as popular as your last performance. Sad.... And Clinton was impeached because he LIED under oath. THAT was why. Clinton was a joke to everyone here in the USA (atleast around here). Every president has their problems, don't you agree?

[skywalker]

Of course I agree. But how can you blame anyone else when there is a significant cause and effect in regards to the erosion of World opinion toward the US between 9/11 and the War in Iraq?


Mark

[Ziroc]

It's more than just Bush Mark, it's the entire Office and Bills that passed and such. Many Democrats voted for the War if I remember correctly, do we not blame every single one of them as well? I think so.

You gotta understand what happened on 9-11 never happened on US soil, minus Peal Harbor, and that was much smaller, and farther away. It changed the world we live in. And that is why so many changes and plans were set in motion I think.. I personally don't like the Patriot act, and hope it gets toned down, but Bush, I think, is doing what he thinks is good for the United States at the moment, and yeah, it's pissing off people, but we'll see if enough people are pissed to remove him from office come Nov.

What if Kerry was elected and decides to keep the War on--that is IF Bush doesn't have the Army pull out? Would the World view Kerry as they do Bush? Personally, I hope to god we get out of there on schedule...

[The Hierophant]

Originally posted by Skunk: I think that you would get on well with my wife Ziroc. This is what she said to me a couple of years ago when she bought a new coat: Her: "Hey I saved us 200 EUR by buying this coat in the sales! It was originally 600 EUR, but was marked down to 400 EUR! Am I good or what?!" Me: "Ummmm.... no, you just cost us 400 EUR on a coat that you didn't need" Her: "Dam! You never see the positive side of things!" Me: "That's because there are 400 negative things that just appeared on the bank statement"

And you'd probably get on well with my Dad, Skunk. Only instead of pointing out the illogical side of the 'savings' argument he'd just sigh, shake his head and say 'yes dear'. He has learned better than to criticise his better half

[Skunk]

Originally posted by Ziroc: quote: Originally posted by Skunk: I think that you would get on well with my wife Ziroc. This is what she said to me a couple of years ago when she bought a new coat: Her: "Hey I saved us 200 EUR by buying this coat in the sales! It was originally 600 EUR, but was marked down to 400 EUR! Am I good or what?!" Me: "Ummmm.... no, you just cost us 400 EUR on a coat that you didn't need" Her: "Dam! You never see the positive side of things!" Me: "That's because there are 400 negative things that just appeared on the bank statement" When the jobless figures are lower than when Bush came to office, then you have positive news about the economy that Bush can claim credit for.

funny. As I told Skywalker, if the numbers were lower, you WOULD credit Bush with causing it.. It's silly.. Admit when something is getting better, no matter how small. It will take time, but we are slowly growing again, and it's good for everyone... [/QUOTE]I'm not that partisan although, as you allude, I do have a stake in how well the US performs and how it structures its economy.

In general, I have always thought that the Republicans were better suited to producing economic models and policies that served foreign economies best (thus benefiting me) by producing a strong domestic economy. As such, I have a *lot* of praise for the way that Reagan and Bush Senior ran the country.

Clinton did well by simply refraining from making any major changes to the economy and keeping himself to minor tinkering. In other words, his was riding on the coat tails of the previous administration.

Bush jnr's administration, on the other hand has shown nothing of the wisdom of previous republican administrations. They just seem like ideologues, intent upon instigating 'tax and spending reform' without reference to the current economic climate or other important factors (ie the cost of the Iraq war) which neccessitated adjustments to their plan. Consequently, they have so far proved costly to the financial health of the US.

[Timber Loftis]

It is funny, Skunk, that in recent years, the Democrats have been more economically responsible.

Ziroc is quite right: If there were 100,000 jobs lost, we'd be blaming Bush -- in fairness, we owe some credit when there are 100,000 jobs gained. Of course, we can still point out the net job loss during his presidency. And, in fairness, we should recognize things were on a downhill trend when Mr. Fat-Girl-Flavored Cigar stepped out of office.

Oh, and stocks are up a bit this morning. The jobs are coming more slowly than they should with economic recovery -- due not only to overseas outsourcing but mostly due to workers simply being made to work more. However, as long as the Dow remains between 10K and 11K (under is too little, over is too much), I am extremely hopeful.