Quote:
Originally Posted by Rick Lee
62,000 jobs lost in June, but unemployment has stayed the same at 5.5%, which means there was some growth to offset that loss.
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Nope. Unemployment numbers are widely misunderstood. People fall out of this group in both directions. If you stop taking public assistance and/or stop looking for work....you're not counted in the 5.5%. The missing numbers are not evidence of "growth." They are evidence of hopelessness.
Quote:
Originally Posted by Rick Lee
POTUS has little if any control over this stuff. But I am curious to see how raising taxes, both income and payroll, will make employers hire more people when Obama is POTUS. This will be an amazing feat.
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While Dubya is "president," I'm going to hear about how POTUS cannot affect the economy. Later, under President Obama (has a nice ring, eh?) I will hear about how the economy is his fault.