According to Forbes, ***** Has Been The Best Economic President

[2501]

In modern times.

***** Outperforms Reagan On Jobs, Growth And Investing

The Bureau of Labor Statistics (BLS) today issued America’s latest jobs report covering August. And it’s a disappointment. The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August.

One month variation does not change a trend

Even though the plus-200,000 monthly string was broken (unless revised upward at a future date,) unemployment did continue to decline and is now reported at only 6.1%. Jobless claims were just over 300,000; lowest since 2007. Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014.

And that is great news.

Which reaffirms that ********s are better at growing the economy than **********s.

Want a Better Economy? History Says Vote ********!



But, let's hear from One Capitalist first.

[Canelo Phresh]

Well now Im starting to question if Floyd really has been the highest earning athlete.

[231]

In modern times.

***** Outperforms Reagan On Jobs, Growth And Investing

.

- Under Reagan unemployed over 52 weeks were still counted in the work force

- in 1994 , unemployed over 52 weeks was not counted (under Clinton)

- the participation rate of 16-54 was significantly higher under Reagan.

- During the Reagan administration the stock market was growing at a rate faster than excess reserves.

- Stock market growth (since 2009) ,has only been a function of monetary interventions.


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Workforce Participation at 36-Year Low as Jobs ClimbBy Victoria Stilwell


"The share of the working-age population either employed or seeking a job declined in April for the first time this year, helping drive the unemployment rate down to 6.3 percent, the lowest since September 2008. At 62.8 percent, the so-called participation rate matches the lowest since March 1978."

"The number of people coming into the workforce -- by either landing a job or starting a search for work -- plunged to 5.84 million in April, the fewest since November 2008, according to figures from the Labor Department. The 14 percent decrease from the prior month’s 6.79 million was the biggest since 1995.

Those leaving the labor force, which include retirees, people who choose to take care of family members and those pessimistic about finding employment, totaled 6.66 million, little changed from the 6.42 million averaged over the prior 12 months."





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- Real income for median black families had dropped 11 percent from 1977-82.

- Rose by 17% from 1982 to 89

- In the 1980s, there was a 40 % jump in the number of black households earning $50,000. The number of black-owned businesses increased by almost 40 %

- “There were likewise impressive numbers for Hispanics, who saw similar (if not higher) increases in family income, employment, and college enrollment. Among these, the number of Hispanic-owned businesses in the 1980s grew by an astounding 81 percent, and the number of Hispanics enrolled in college jumped 45 percent.”



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[Canelo Phresh]

- Under Reagan unemployed over 52 weeks were still counted in the work force

- in 1994 , unemployed over 52 weeks was not counted (under Clinton)

- the participation rate of 16-54 was significantly higher under Reagan.

- During the Reagan administration the stock market was growing at a rate faster than excess reserves.

- Stock market growth (since 2009) ,has only been a function of monetary interventions.


--------------------------------------------------------------------------

Workforce Participation at 36-Year Low as Jobs ClimbBy Victoria Stilwell


"The share of the working-age population either employed or seeking a job declined in April for the first time this year, helping drive the unemployment rate down to 6.3 percent, the lowest since September 2008. At 62.8 percent, the so-called participation rate matches the lowest since March 1978."

"The number of people coming into the workforce -- by either landing a job or starting a search for work -- plunged to 5.84 million in April, the fewest since November 2008, according to figures from the Labor Department. The 14 percent decrease from the prior month***8217;s 6.79 million was the biggest since 1995.

Those leaving the labor force, which include retirees, people who choose to take care of family members and those pessimistic about finding employment, totaled 6.66 million, little changed from the 6.42 million averaged over the prior 12 months."





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- Real income for median black families had dropped 11 percent from 1977-82.

- Rose by 17% from 1982 to 89

- In the 1980s, there was a 40 % jump in the number of black households earning $50,000. The number of black-owned businesses increased by almost 40 %

- ***8220;There were likewise impressive numbers for Hispanics, who saw similar (if not higher) increases in family income, employment, and college enrollment. Among these, the number of Hispanic-owned businesses in the 1980s grew by an astounding 81 percent, and the number of Hispanics enrolled in college jumped 45 percent.***8221;



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You owning this thread and Forbes lmao!

[ShoulderRoll]

Judging from that chart ***** has done a decent job of trying to recover from the disaster that was Bush Jr.

[Showtime..]

Well it's easy to get out of a ****hole. The only direction is up.
Ofc the economy would make him look good. Give him Clinton's situation & that would go down, no chance he could improve on that.

Bush just sucks & always will suck.

[One_Tycoon]

Looks to me like someone is trying their very hardest to put the best spin possible in making ***** look good. Unfortunately this does not work in the internet age. The spin may have worked in Reagan's time...where a story like this could get out, ppl would read it, swallow it and that would be the end of it.

The previous poster basically covered it all. Not to mention that the Baby Boomers weren't retiring at the pace that they are now....which lowers the unemployment rate as they are no longer counted. Some of them are taking an early retirement because they lost their job and couldn't find another one.

[1bad65]

Judging from that chart ***** has done a decent job of trying to recover from the disaster that was Bush Jr.

Correlation does not prove causation. The recession was not caused by Bush's policies in any way. If you disagree, please cite Bush-signed legislation that you blame for the housing market meltdown and resulting recession. List the legislation, then explain the role said legislation played in causing the recession.

[Ryn0]

Correlation does not prove causation. The recession was not caused by Bush's policies in any way. If you disagree, please cite Bush-signed legislation that you blame for the housing market meltdown and resulting recession. List the legislation, then explain the role said legislation played in causing the recession.

Depends, you can argue a million reasons for the recession and subprime mortgage prices but its generally accepted that the interest rates under bush were kept artificially low for far too long, caused a surplus of easy credit and asset bubbles. This might not be a directly attributable to Bush but it seems everything that happens in a presidential term is that presidents fault.

The reintroduction of mark to market accounting in 2007 (I can attest to this, I worked for a forex brokerage and PKF accounts) meant financial companies were writing off assets which were actually write downs not liquidity losses. When assets are written off companies need new capital and credit agencys because of this mark down their credit rating even though nothing in cash terms was actually happening. It was a harmless policy with a huge oversight.

The Sub Prime mortgage crisis can actually be traced back to Clinton and the community reinvestment act but AEI wrote an article attributing that expansion on the CRA as a bipartisan error by both Clinton and Bush.

The repeal of Glass-Steagall which is now implemented in some of Europe as ring fencing contributed would have at least protected the commercial banks and customers to an extent. And the fact credit default obligations are STILL not regulated is a problem both Bush and ***** haven't bothered to deal with.

There are a million other reasons not related to Bush but the Bush administration was not blameless for example cutting corporate tax on oil is fine, encouraged in fact in period of growth however doing that and fighting an expensive war was always going to increase the deficit hugely.

[-jose-]

Well now Im starting to question if Floyd really has been the highest earning athlete.

..........