The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Facts--You HAVE To Believe 7.8%||Date: 10/7/2012 12:26 PM|
|Author: BlueGrits||Number: 1821993 of 2000599|
CC is cc'ing Rightie talking points again without regard for facts?
The jobless rate fell in September to 7.8% from 8.1%, though the economy created only 114,000 new jobs, and some of our conservative friends smell a bureaucratic rat so close to Election Day.
Maybe they smell rats because of the company they keep? As I pointed out yet again in this thread, Business Insider had already predicted the drop in unemployment based on trending economic indicators.
In 2004, they were lambasting George W. Bush for a September jobless rate that was 5.4%.
Nope -- you made that up. 5.4% is within spitting distance of what's generally held to be "full employment". (Depending on who you talk to, that number seems to be generally around 3.x%.)
Everyone says the numbers aren't what they should be, but at least now we're creating jobs each month rather than hemorrhaging jobs like Republicans.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|