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Friday, August 02, 2013

And it continues...

Barack Obama's destruction of the economy continues....

S&P Tops 1,700 For 1st Time; Dow Also At Record High

US employers add 162K jobs as unemployment rate falls to 7.4 percent, lowest since Dec. 2008

11 comments:

Anonymous said...

As a teacher, you should understand the concept of grading on a curve

Mark Ward said...

I think you missed my point.

GuardDuck said...

Weekly hours were down a tenth and hourly earnings were off 2 cents. If you look at the average weekly earnings loss ($3.09) and multiply it by the total employed (145,113,000) then divide by the average weekly earnings the imputed job loss due to hourly earnings and hour declines is 543,573, massively dwarfing the so-called "gains."

Mark Ward said...

GD also missed my point. It would be completely false to say that the president is destroying the economy, given these latest numbers.

I do like the in the bubble links, though. How long will it be before it bursts? Further, are you guys actually rooting for America to fail? That's sure what it sounds like.

Unknown said...

How many of those jobs are part time jobs Markadelphia?

Juris Imprudent said...

The number of jobs was considered well below what was expected - so why is the unemployment rate dropping M? You should be able to answer that without resorting to Mankiw.

Mark Ward said...

Is the president destroying the economy-yes or no?

Juris Imprudent said...

Is the president destroying the economy-yes or no?

Childish and dishonest.

Mark Ward said...

The answer would be no, juris. He is not. So the Right needs to stop being childish and dishonest and saying that he is destroying the economy.

Juris Imprudent said...

The answer would be no

Then why did you ask?

Now, can you explain why even though job growth is anemic, the unemployment rate went down? I think you can, but because you can't spin it as good news for your Messiah you'll just ignore it.

Very childish and very dishonest. Doesn't it bother you that no one expects better from you?

Juris Imprudent said...

Pointless to add this, but then the whole point of this blog is the pointlessness of it all. Even though that isn't intentional - which makes it even funnier.