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U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth
The Wall Street Journal ^ | February 7, 2014 | Eric Morath And Josh Mitchell

Posted on 02/07/2014 5:41:02 AM PST by John W

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To: tomkat

Doubters of our Obama and ObamaCare, hang you heads in shame for not believing our Ministry of Truth b.s.

The ecomomy is great!
Employment and income increasing by leaps and bounds!

(in other news, a relative just got work hours cut 50 percent...because business is so good)

Great koolaid!
More?


121 posted on 02/08/2014 1:07:42 PM PST by OldArmy52 (The question is not whether Obama ever lies, but whether he ever tells the truth.)
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To: OldArmy52; Doogle
This might cheer you up for a couple minutes:

1,000 High School Students Sing US National Anthem

Doogle posted it this morning .. now well over 540K views .. goosebumps guaranteed !

The comments are encouraging as well, given the ~25/1 ratio of patriot praise vs seditious filth.


   

122 posted on 02/08/2014 1:28:48 PM PST by tomkat (17837)
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To: EBH

Obamacare and the minimum wage laws are going to create a trend away from employment and toward independent contract work.


123 posted on 02/08/2014 1:30:26 PM PST by RoosterRedux (The only true wisdom is in knowing you know nothing -- Socrates)
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To: OldArmy52

Ummmm this data has been released for decades so unless you call every administration liars including Reagan I and Bush then your point is invalid. Thanks for your expert insight though. Very helpful............


124 posted on 02/08/2014 2:03:29 PM PST by Wyatt's Torch
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To: NY.SS-Bar9

Check the WARN notices for Gnu Yak and California...that really tells the story, folks...future job losses are staggering, trust me..


125 posted on 02/08/2014 3:27:25 PM PST by Shady (We will not comply. We are Free, We Are AMERICANS!)
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To: Justa

Define a household. If you think about it that’s a terrible standard to use to formulate policy.


126 posted on 02/08/2014 5:00:22 PM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch

Have you read Wanniski’s The Way the World Works?


127 posted on 02/08/2014 5:04:43 PM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch

Interesting charts - am I reading this correctly that under the Obama administration, public sector job creation has suffered more than private sector job creation?


128 posted on 02/09/2014 5:14:37 AM PST by SkyPilot
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To: 1010RD

I have but it’s been a while. I subscribed to Wanniski’s “Polyconomics” back in the late 90’s early 2000’s. I ended the subscription when he got all political about Iraq but I think he was a great supply-side economist.


129 posted on 02/09/2014 5:20:26 PM PST by Wyatt's Torch
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To: SkyPilot

That’s exactly what it says. If you look at the details of the labor report the headline number is total non-farm payrolls. Then the private payrolls will be higher.


130 posted on 02/09/2014 5:22:39 PM PST by Wyatt's Torch
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To: John W
Raise the minimum wage. It is our only hope. </sarc>
131 posted on 02/09/2014 6:53:30 PM PST by Gamecock (Grace is not opposed to human activity. It's opposed to human merit. MSH)
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To: EBH

That ain’t a dumb question. It’s relevant and yeah, I want to know if they are FT or PT jobs.


132 posted on 02/09/2014 6:56:24 PM PST by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: John W

These are numbers for the MONTH??????


133 posted on 02/09/2014 7:56:54 PM PST by NonValueAdded (It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
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To: NonValueAdded

Yes.


134 posted on 02/10/2014 1:49:26 AM PST by John W (Viva Cristo Rey!)
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To: Cringing Negativism Network

I think by cutting back on long term unemployment benefits, Republicans are going to force many of those on the dole to go back to work and start earning a living. This is going to create a sizable increase in the workforce in the next 6 months. I’m just afraid the MSM will give Obama the credit.


135 posted on 02/10/2014 8:31:01 AM PST by paristexas
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Comment #136 Removed by Moderator

To: Wyatt's Torch
The economic stats are reflective of what is going on in there market. Using them to make investments and make money is the epitome of capitalism. Not to mention if you just bury your head in the sand and scream “LIES” in the face of mountains of data you would have missed out on massive returns. That’s just foolish.

You make persuasive arguments, and they probably work for some people who are relatively well off. (More on that in a moment.)

However... I would posit that Reagan and his administration were for the most part reasonably honest and competent people. Obama and his administration are clearly not honest or competent (outside of political competence that I will concede!) Do you dispute this? Do you dispute that most gov't employees have a strong bias (at the least) in favor of the present Administration and its policies?

My above observation does not "prove" that the numbers you post are dishonest, but then how do you propose to "prove" that they are honest? It seems to me that if the Administration are known liars on many subjects, the burden of proof is on them at all times.

Furthermore, any average person knows from their own experience that, at least for middle income people, the CPI, which at one time seemed to at least be "in the ballpark" when it came to reflecting typical family expenses, is now either faulty or dishonest. I track both my family and business expenses carefully, and have been doing so for almost 4 decades. When it it comes to actual "cost-of-living", what's going on, and the modern CPI are two different things. Business expenses are worse, not even counting various insurances, taxes, and what not. Again, I am talking "mid-to-low-end" here: Maybe things are different for those with incomes over, oh, I don't know - maybe >$100k / year?

There's even an additional factor: The quality of most consumer items, possibly excluding vehicles, has taken a big hit over the years. Average price items just don't hold up the way they once did. This can be a considerable drain on a budget. Having to buy "widget w" 3 times as often, or buy a "high end version", may look like positive economic activity, but it is NOT a positive to me.

Now, "the market" and many business & investment decisions do follow the published stats. The king may have no clothes, but one is likely financially better off at least in the short run by acting on and perhaps within the king's reality. (This reminds me of the many countries described in the CIA factbook as having economies distorted and weak due to excessive gov't interference and incompetence: There are still SOME people in those countries well able to take advantage of that environment.)

Essentially, the wealthy can work within almost any system that does not directly and heavily attack them, and benefit from it. Established wealthy probably benefit MORE from a corrupt system than an honest system, as they can most effectively play the system, and at the same time competition from below is reduced. They need not even be corrupt themselves, though it usually helps. Whether or not said system benefits the average person in an optimal manner, or whether it is long-term stable, is a completely different matter.

In my own case, there might be a conflict in my own mind, between how I could get in on those "massive returns", and what I believe is best for the country in the long run. However, that has become irrelevant. Expanding socialism (or worse) has effectively eaten up any "extra" I might have left to invest. I suspect a great many people are in my shoes. (In my case, my old IRA still rolls along, but I cannot afford to contribute further to it: Barring some major change, I will work until I am dead, if I expect to stay afloat without becoming a suckling piglet at the gov't teat.)

Please note that none of the above is intended as an attack on wealth or established wealth. I'd just like to see a more honest system with less gov't gooing it up.

137 posted on 02/10/2014 1:41:37 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Wyatt's Torch
Ummmm this data has been released for decades so unless you call every administration liars including Reagan and Bush then your point is invalid.

The Reagan & Bush 1 people are still responsible for the published data in 2014? Wow!

138 posted on 02/10/2014 1:46:03 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Paul R.; Wyatt's Torch
Edit: "most current gov't employees"
139 posted on 02/10/2014 1:48:38 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Paul R.

Most government employees at census and BLS are careers not political appointments.

I’m done arguing the red herring argument of if the data is manipulated/lied by administrations. People that believe that don’t want to believe anything else. When asked for proof that the data is wrong they discuss other political lies that are completely irrelevant to that of economic data.


140 posted on 02/11/2014 4:57:00 AM PST by Wyatt's Torch
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