ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
"....Earlier Friday, Romney said the economy should be adding about 500,000 jobs a month, more than four times the April figures. "This is way, way, way off from what should be happening in a normal recovery," Romney said....."
"......Lest Romneyites think that only President Barack Obama struggled to make that grade, neither President Bush, older or younger, saw job creation that strong. President Clinton had one-plus 500,000 month, when in September, 1997, 507,000 positions were created. (Aided by the return of striking UPS workers.) President Reagan enjoyed a spectacular 1.11 million-job month in September 1983, but that was the only plus-500K mark and was boosted by roughly 640,000 AT&T workers returning from a strike.
In fact, the last president to achieve back-to-back 500,000-plus months of job creation was one Romney recently mocked — Jimmy Carter — who saw 513,000 jobs created in March 1978 and 702,000 jobs added the next month. Those months reflected workers coming back from a coal strike.
Sub-4% unemployment also is a rarity, one that wasn’t achieved by Kennedy, Ford, Carter, Reagan, both Bushes and Obama....."
"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98
Vice President Biden predicted Friday at a Pennsylvania fundraiser that the U.S. economy would be adding up to 500,000 jobs each month "some time in the next couple of months."
"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."
Glass houses, etc.
I wonder if this was an attempt by the Romney campaign to remind everyone of this. If he brought it up, ho hum, but if he gets ridiculed for doing so...oopsie!
Re: Romney Promises A Gazillion Bazillion Jobs Created
Romney is pretty mediocre, OTOH the guy currently holding the position is a total moron. so Romney couldn't be any worse. See this is a jobless recovery. Jobs have been stagnent (along with stock prices) since Reid 7 Pelosi have were running congress.
Let's put it in pre-recession, real numbers perspective. In July 2007, at the peak of the bling-years boom, there were 146.1 million people employed, 7.1 million unemployed, and 4.5 million working part-time "for economic reasons," which, added to the unemployed, gives the number for "underemployed” (U6). There were 78.7 million people not in the labor force. The unemployment rate was 4.6%.
Last month, in March 2012, there were 142 million employed, 12.7 million unemployed, 7.7 million U6, and 87.9 million "not in the labor force".
In a universe of 155 million workers, the real U6 rate is thus approximately 19%.
This was before today's NFP report. when 115k jobs were 'created' but magically 500k+ people left the labot force in 1 month. The 55+ segment has the lowest unemployment and isn't leaving the labor force the young are getting crushed.
Since the OP cliams I know nothing about the economy here is the summation from someone who knows a lot more about the economy and markets than OP or me, R Santelli (vid at link).
The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981.
Obama promised to cut the deficit in half how's that working out?
So the choice is between the mediocre and a total failure.
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."