President appears on WTF Podcast

[Michael Hardner]

Wow that graph looks like the unemployment one

[Shady]

Wow that graph looks like the unemployment one

Do you understand, or care to understand the labour participation rate? And it's effect on unemployment numbers?

[Shady]

If the labour participation rate was the same now as it was in 2007, the unemployment rare would be double digits.

[TimG]

Wow that graph looks like the unemployment one

You do understand that is a bad thing?

[WWWTT]

Before he was first elected and when he was first elected so much was made of him changing the world forever...blah blahblah. He even got a nobel peace prize for nothing. And what has he done that is so great? Nothing really in my eyes. If his race is the only thing he has going for him...welll....If he was white would he be remarkable in any way?

Nope. And he wouldn't be president if he was white.

He probably brought the political spectrum further to the left all the while maintaining right wing waring values.

His skin color/background is symbolism more than anything to appease others.

WWWTT

[WWWTT]

Do you understand, or care to understand the labour participation rate? And it's effect on unemployment numbers?

I think you learned that from Canadian politics debates.

WWWTT

[Michael Hardner]

Do you understand, or care to understand the labour participation rate? And it's effect on unemployment numbers?

Yes - can you post the numbers from a government source though ?

[Shady]

Yes - can you post the numbers from a government source though ?

Sure. You might also want to take a look at their graph illustrating normal recovery vs the current recovery. Also, there's this quote.

At the same time, the unemployment rate has fallen only partway back to its prerecession level, and a significant part of that improvement is attributable to a decline in labor force participation that has occurred as an unusually large number of people have stopped looking for work.

https://www.cbo.gov/publication/45011

You guys can argue with the non-partisan congressional budget office.

[Michael Hardner]

Ok, from that I take it that we have a slower recovery than in the past. Thanks for posting that, the recovery isn't as rosy as it seems.

[cybercoma]

Ok, from that I take it that we have a slower recovery than in the past. Thanks for posting that, the recovery isn't as rosy as it seems.

Of course the recovery isn't as rosy. All of the gains are going to the top. They're creating a wealth redistribution system where they take money from the middle-class through taxes and give it to the rich with bailouts and "stimulus" and other supply-side mythological bulls---, whilst the rich pack that money away in off shore tax-sheltered accounts.

Edited June 28, 2015 by cybercoma

[bush_cheney2004]

Ok, from that I take it that we have a slower recovery than in the past. Thanks for posting that, the recovery isn't as rosy as it seems.

Sorry...America will try harder to meet expectations in Canada.

[TimG]

Of course the recovery isn't as rosy. All of the gains are going to the top. They're creating a wealth redistribution system where they take money from the middle-class through taxes and give it to the rich with bailouts and "stimulus" and other supply-side mythological bulls---, whilst the rich pack that money away in off shore tax-sheltered accounts.

You can hardly ignore the job killing effect of the regulations that democrats keep pushing whether it is payroll taxes/workplace rules that now mean people working in low paying jobs can't find an employer that will give them more than 29 hours per week to increases in energy prices created by futile CO2 reduction measures or environmental review processes that make building new infrastructure effectively impossible.

IOW - too much regulation is worse than too little regulation and ranting about 'offshore accounts of the rich' is simply a way to deflect attention from the problem of a hostile business climate created by governments which leads directly to slower job creation within regions affected by the regulations.

Edited June 28, 2015 by TimG

[dre]

Ok, from that I take it that we have a slower recovery than in the past. Thanks for posting that, the recovery isn't as rosy as it seems.

The use of the LPR to smear Obamas job creation record has been pretty well debunked. Almost 1/2 of the reduction in the LPR is the result of people retiring (aging population). To hold Obama to account for this you would have to make the assumption that these people would have been unable to stay in the work force and thats just not true.

If you look at the raw numbers... The economy created a bit more than 10.5 million jobs during Obamas first 57 months in office. That basically puts him in the middle of the pack in terms of recent US presidents. Hes no Clinton with 22 million.... Hes no Reagan with 16 million. But hes not a complete slouch like Bush I with 3 million, or even worse Bush II with 1.3 million (cough cough).

Considering the mess that Clinton and Bush left for him, I dont think anyone but the most mindless partisan hacks are going to deny his record is average or better.

Of course... The government only plays a small part in the economy anyways, so keeping score under various presidents isnt useful for much more than bragging rights. Look at Clinton for example... He didnt go out and create a bunch of jobs... He was just lucky enough to be president during dotcom boom.

[Michael Hardner]

If you look at the raw numbers...

I just did... and thank you. Back to Shady, I guess. Love those numbers...