Yikes. Another sell off.
- Thread starter WVUCOOPER
- Start date
Sure Mule... and 12% unemployment means that some people at least are still working.
I already defined it. They won't re-take the House or the Senate. No Blue Wave. They will lose seats in both Houses. What's your wager?
Huh? Are trying to defend 20
Unemployment was in the 4's in 2016. Remember that was a bogus statistic back then? Now it's a reflection of how great the economy is when it's a handful of tenths of a point lower?
Mule... if unemployment was that low in 2016 why did we have more people out of the job market not looking for work than we had jobs available to fill? Today we have more jobs available than there are people to fill them! Are you saying that was also true back in 2016?
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the fed raising interest rates too soon or too fast will choke off economic growth, in my opinion.
Fine...What do I get if you lose? How about you finally admitting you're a fake *** liar about being Conservative?
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Agreed. The best monetary policy is a growing economy. The best fiscal policy to assure that is to keep taxes and Government spending lower.
Unemployment was that low. The labor force participation rate is no higher today than it has been over the last several years. How do you claim that there was this glut of people searching for jobs at the end of the last administration when LFPR was around 63%, but now there are more jobs than people when the LFPR is about 63%?
The last time the party not in the WH lost seats on both houses in midterm elections was 2002 and the last time before that was 1934.
http://www.presidency.ucsb.edu/data/mid-term_elections.php
OK, if you're telling the truth about not lying saying you're Conservative what else are you offering once you lose as you surely will?
C'mon now Coop, make It count!
This whole thread with your alternative facts is comical. Truly. You people live in an alternate reality. This country has lost its mind.
OK tell ya what Coop, since you want me to leave the board for a year if I lose the bet how about you pay my subscription to Blue lot for 1 year after if I win it?
If I can't have the priceless pleasure of having you admit what a liar you are about being Conservative, the least you can do is pay for the pleasure of me still being on this board pointing out every time you lie about it. So what do you say?
Bet?
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Too easy for you! Most of you Leftists will disappear by default after your sorry asses get kicked next month. I offered what I want to make the bet. You game or not?
I’m still waiting for Doom to send me my bottle of bourbon for winning the pick’em.
So you want me to leave if your Blue Wave crashes ashore like a category 5 Hurricane but after I win and we wipe you Leftists out you just get to hide out and not take any abuse?
No bet. We'll still clean your clocks anyway. Know why? Cause you Socialist Leftists have no game! You can't win the vote with no game! You are going to get slaughtered and I'm going to enjoy watching you and the rest of your Leftist friends run from the board anyway! Either pay my subscription to Blue Lot for a year or wait for a free *** kicking.
I bet someone here $100 a long time ago that the Rapture would not come by a date that was 2-3 years in the future at the time although long past now. When the time came I didn't have the heart to rub his nose in it and collect (or what more likely would have been not collecting because he wouldn't pay but I could've rubbed his nose in being wrong).
I won. Went double or nothing and lost. Then lost again. I think i ordered the ribs and you ended up having to cancel that weekend? Ate them at Big Clays
You can pay off your own bet Coop after your side gets its collective *** kicked next month. You were planning on disappearing anyway, so what are you really offering besides a peek into what a ***** lying coward Leftist you are? If you show up here on November 7th, I'll be stunned. I don't expect any of you Pussies to show your sorry asses after they have been thoroughly reamed.
The last time we approved a Supreme court nominee we didn't accuse him of being a serial rapist. Throw those stats out of the window this year Op2. I've never seen folks so angry. It's incredible! You Leftists have no idea what is about to hit you as a direct result of the smear job you unleashed against Judge Kavanaugh.
Because unemployment is at record lows (lowest since 69) and those who weren't being counted in the unemployment rates because they had simply dropped out of the labor market and stopped looking for work are now being counted again because they have come back into the labor force and found work and we STILL have more jobs than available labor to fill them all Mule! It's another reason why starting wages are increasing. Not because of a Socialist call for a "living wage". It's because there is pressure for workers at entry levels and employers are raising starting wages to attract more workers.
They still can't get all of their openings filled.
"I" didn't hit anyone with anything. I didn't even watch any of it because I knew it was going to be a pointless circus. And I'm not a Leftist, although by some definitions I might be a Liberal.
None of you are. Wonder why none of you embrace the Left yet always argue for it?
No?
What part of the Democrat agenda are you opposing?
Their opposition to construction of a border wall? (No)
Expansion of the ACA and medi-care into a single payer health care system? (No)
Repeal of the Trump tax cuts? (No)
Abolishing ICE? (No)
Impeaching Trump and/or Kavanaugh? (No)
Repealing Trump's environmental rollbacks? (No)
Ending on demand taxpayer funded Abortions? (No)
But you're NOT a Leftist are 'ya Op2? [eyeroll]
If people who weren't working before are working now, why is the labor force participation rate unchanged since 2014? You can make up things that sound great, but the numbers don't support your claims. Would you finance a car to someone who claimed they were making WAY more now than 4 years ago despite their tax returns saying they made the same for 5 years?
Mule your beef isn't with me my friend. Why was the BLS NOT counting those folks who had given up looking for work in the true unemployment numbers during the Obama years? To make the unemployment numbers look better (smaller) than they actually were! Fewer workers in the labor force, less actual unemployed. Just don't count the ones who've quit looking for work as part of the labor force. Nice.
The economy starts humming, and those folks come out of the uncounted ranks into the counted ranks, so the (U6) number doesn't shift. They're all being counted now in the labor force, but there are fewer of them who are no longer NOT looking for work or given up trying to find a job! Thus the LFPR doesn't make a dramatic shift. Nice sleight of hand by those bureaucrats isn't it?
So the question is why did the BLS NOT count them during Obama's years, and IS counting them now?
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Here Mule FYI
Why the unemployment rate is so misleading:
https://www.marketwatch.com/story/why-the-unemployment-rate-is-so-misleading-2013-03-08
excerpt:
If you count those discouraged workers and involuntary part-timers as unemployed, the unemployment rate jumps to 14.3%. The government reports this number as the U-6 rate. See the alternative measures of unemployment on the BLS website.
Some people call the U-6 rate the “real” unemployment rate, but that doesn’t make sense: It includes millions of people who do have a job, even if it’s not the one they want
Respectfully, that's a load of malarkey. The BLS hasn't changed those algorithms in ages. The LFPR is based on the number of people 16 and over. How exactly do you think they are gaming that? Quit playing politics and look at facts.
The "Big Lie" about jobs
https://www.washingtontimes.com/news/2015/feb/10/donald-lambro-obama-hides-jobs-failure-by-not-coun/
excerpt:
But the government’s statistical sleight-of-hand tricks don’t stop there in this administration’s numbers shell game. Many others are uncounted, too.
“Say you’re an out-of-work engineer or health care worker or construction worker or retail manager: If you perform a minimum of one hour of work a week and are paid at least $20 you’re not officially counted as unemployed in the much reported 5.6 percent. Few Americans know this.”
...more
40% of unemployed have quit looking for jobs
https://www.cnbc.com/2015/05/20/40-percent-of-unemployed-have-quit-looking-for-jobs.html
excerpt:
The decline in labor force participation, in fact, has been a key to the drop of the unemployment rate in the post-recession economy. The jobless rate has slid from a high of 10 percent in October 2009 to its current 5.4 percent, the lowest level since May 2008. However, the participation rate has fallen from 66.1 percent to 62.8 percent during the same period
...more
The problem with Labor department indicators
https://www.usnews.com/news/article...the-labor-departments-unemployment-indicators
excerpt:
Although the country's U-3 unemployment rate, as it's officially known, currently sits at 5.5 percent (which is considered to be a historically low percentage), that number only accounts for a small subset of Americans – those without jobs who have actively looked for work in the last four weeks.
Discouraged workers are considered to be among those not included in the labor force. These are the unemployed individuals who have actively looked for a job at some point in the last 12 months but who aren't currently looking "because they believe there are no jobs available or there are none for which they would qualify," according to the Labor Department.