824,000 fewer workers on payrolls

Quote from Yannis:

Let's not start insulting each other, stupid, OK? :)

No, really, grandma or her son would have the option of putting her money in Treasuries and the like, like millions do today. No one says go give it to Madoff's gang. I mean, she still drives, right? That's a lot more dangerous for her and others around her.

I manage my 85 yo father in law's money. He made decent returns each of te last few years, including 2008. It's not rocket science, just be prudent and don't gamble.
if you dont want to be ridiculed dont say ridiculous things.
 
It's all good, just keep changing the way the numbers are caculated. What a scam! And then they wonder why the people are so pissed. Actual number is 10.6% unemployed without the new benchmark and 18% plus counting those down and outers than have thrown in the towel.
However, I won't blame Obama as some would do. He's just continuing the same voodoo counting method that's been going on for nearly 3 decades. So cheer up people, things are looking up, and with 1.2 million census workers coming to the ranks this year we can expect all kinds of jobs to be "saved or created".
 
I ran across this interesting graph of job losses by month and president:

<img src="http://www.talkingpointsmemo.com/images/docpage-recoverystats1.jpg"> </img>
 
Quote from bigdavediode:

I ran across this interesting graph of job losses by month and president:

<img src="http://www.talkingpointsmemo.com/images/docpage-recoverystats1.jpg"> </img>

Wasn't Bush a president for 8 years?
 
Quote from Yannis:

Why should we believe anything Pelosi says? :)

Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003

Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:

“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.

“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.

“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.

“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
 
Quote from bugscoe:

Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003

Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:

Yes, Bush was president for eight years.

If you add up the annualized numbers (even counting the weak economy after the Clinton growth/bubble) and even picking the smallest gain (2001) the economy went from 1.7 million jobs lost in 2001 to 3.6 million jobs lost in 2008.
 
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