Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Good news for Obama as U.S. adds 200,000 jobs in December

World Jan. 07, 2012 - 06:18AM JST ( 29 )

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29 Comments

0

yaneeJan. 07, 2012 - 08:44AM JST

It's called Holiday Hiring and has been happening for the past 40 years....
4

paulinusaJan. 07, 2012 - 09:05AM JST

yanee: It's "seasonally adjusted".
1

paulinusaJan. 07, 2012 - 09:09AM JST

"Campaigning in New Hampshire for Obama’s job, former Pennsylvania Sen Rick Santorum claimed credit for Republicans, suggesting the gains were tied to voter optimism that a Republican would take the White House."

Rick needs something to combat his hallucinations.
-2

Elbuda MexicanoJan. 07, 2012 - 09:30AM JST

These Republicans must be smoking something funny, every Christmas students etc..get hired to help out in the stores, at UPS etc..to help with the Christmas rush, then after Christmas most go back to school etc..
2

FadamorJan. 07, 2012 - 09:33AM JST

Yeah. As we all know, it's the Republican voters who determine the unemployment rate. Wait a minute! Doesn't that mean it's been the Republican voters who've been FIRING all these people over the last few years?!
3

LagunaJan. 07, 2012 - 10:32AM JST

Yanee, you might have noticed the article stated hiring has spread across all sectors of the economy. "Seasonal" employment is retail, not manufacturing.
0

smithinjapanJan. 07, 2012 - 12:06PM JST

This is going to make the heads of unreconstructed and others explode.

"Campaigning in New Hampshire for Obama’s job, former Pennsylvania Sen Rick Santorum claimed credit for Republicans, suggesting the gains were tied to voter optimism that a Republican would take the White House."

And then if it drops again tomorrow after he makes a speech he'll blame it on Obama. Paulinusa is right -- the guy needs meds, as do most Republicans, matter of fact.
-1

TinMadDogJan. 07, 2012 - 12:47PM JST

Its not so much that Obama and Congress helped the economy. Its more like they just didn't kill it like Bush and pals did. Whether the economy and job markets improve or stay the same its the same thing as far as political actions go. But people will act like Obama created jobs. Erm...no.

But it is still a good mark on Obama that this could happen. Bush seemed hell bent on ruining us and some people support him yet!
0

unreconstructedJan. 07, 2012 - 12:51PM JST

Unemployment at only 8.5 ! Happy days are here again !
-2

unreconstructedJan. 07, 2012 - 01:08PM JST

This is going to make the heads of unreconstructed and others explode.

with laughter. 200,000 service sector jobs added and the 1 Percent Media rushes out to grab their pom-poms and cheer for Dear Leader Obama.
-1

unreconstructedJan. 07, 2012 - 01:24PM JST

We all know progs and so-called liberals 'don't do economics' so it comes as no surprise to read elsewhere that the broader U-6 rate (which includes part-timer workers who want full-time jobs) still stands at a shameful 15.2 percent.
-1

some14someJan. 07, 2012 - 02:15PM JST

"Occupy Wall Street" Mission Accomplished? All Back to Work?
-2

unreconstructedJan. 07, 2012 - 03:16PM JST

"Occupy Wall Street" Mission Accomplished? All Back to Work?

Gave that a thumbs up. Maybe the most humorous comment of the weekend.
0

yaneeJan. 07, 2012 - 03:51PM JST

1) "The government adjusts the figures to try to account for that seasonal factor, but doesn’t always get it exactly right." The Government never gets the numbers right...

Manufacturing jobs go along with retail sales. The higher demand, the the more people required to manufacture.

I'll apologize next month if the numbers do not fall off....but they will...and the December numbers will get readjusted also...
-1

RomeoRJan. 07, 2012 - 05:56PM JST

Heh, more Obama fuzzy math.

200K new jobs isn't enough to swing a 1% change in unemployment.

But there are people who believe anything this administration tells its propaganda department, aka the MSM, to report without question.

@unreconstructed: Forbes has our current national unemployment figure at 17 percent.

RR
-2

LagunaJan. 07, 2012 - 06:17PM JST

Unemployment at only 8.5 ! Happy days are here again !

Better than the Depression-era levels it woulda been if the Repubs had been able to complete their wish list.

We all know progs and so-called liberals 'don't do economics'...

Republican economics (101, but go deeper and it's basically the same thing, just smellier):

Surplus? Cut taxes on everyone (but especially the wealthy)! Deficit? Cut taxes on the wealthy (and may raise them a bit on the middle class - see Romney's tax plan)! GOP response to the charge that the Laffer Curve has never demonstrated validity: "That's because it wasn't done BIG enough!" GOP response to the suggestion that Keynesian stimulus has historically demonstrated validity: "We'll obstruct to ensure it won't"
0

unreconstructedJan. 07, 2012 - 08:26PM JST

Better than the Depression-era levels it woulda been if the Repubs had been able to complete their wish list

Unemployment is now simply back to where it was when wonderboy took office in 09. Except we are 4 trillion more in debt. Obama himself admitted the shovel-ready jobs never existed. He own the first porkulus and now he wants a second. Best thing about this reported 200 000 jobs gain is that asking for another 1.2 trillion to buy votes is going to be that much harder.
0

sailwindJan. 07, 2012 - 08:32PM JST

I am more curious as to where the job growth is actually occurring I'm sure that it is uneven across the Nation. I would say its more than likely it's concentrated in the States that have low tax rates, business friendly with less stifling regulations and are on a fiscally sound footing with spending under control at the State Government level. Policies that really should be replicated and enacted at the Federal level to get America back to work in all of the country.
0

unreconstructedJan. 07, 2012 - 08:48PM JST

The jobs report isn't the only news voters will see. Obama's brand of crony capitalism is also on full display. Waivers for the politically-connected to opt out of ObamaCare:

"Documents released in a classic Friday afternoon news dump show that labor unions representing 543,812 workers received waivers from President Barack Obama's signature legislation since June 17, 2011.

"By contrast, private employers with a total of 69,813 employees, many of whom work for small businesses, were granted waivers."

dailycaller.com/2012/01/06

Yep. We were once "a nation of laws, not of men."

Many of us knew Obama regards the Constitution as an obstacle. It is crystal clear now.
0

SerranoJan. 07, 2012 - 09:02PM JST

I'll be impressed when the unemployment rate goes back to what it was when George W. Bush left office and Barack Obama was immaculated.
0

LagunaJan. 07, 2012 - 09:38PM JST

Sailwind, it is uneven across the nation, but why is less directly related to a state's budget than to myriad other factors. All states are required to balance their budgets, and all states have widely different demographics. Also, economic trends tend to have far longer wavelengths than any economic cycle, as the slow decline of the rust belt and rise of the sunbelt show. Iowa, with its tiny population and limited government, is doing well mostly due to soaring agricultural prices; Arizona, which has similar limited government, is doing poorly due to the property bubble hangover.

In any case, wild and unsubstantial statements such as "unreconstructed JAN. 07, 2012 - 08:26PM JST" are just that. It took a decade and a World War (read: Keynesian spending on an unprecedented level) to dig the US out of the Depression. The tone of these comments makes lear what many Republicans have openly stated: their primary objective is driven by their hatred of Obama; the fate of the nation is a distant second.
0

unreconstructedJan. 07, 2012 - 10:04PM JST

More Chevy Volts recalled than sold. I suppose our resident Keynesians call that 'job-creation'.
0

LagunaJan. 07, 2012 - 10:25PM JST

At least Chevrolet still exists, and GM, too, much to the chagrin of dogmatic free-marketers - they were supposed to be shut down and carved up and sold off to the highest (foreign) bidder, with a substantial portion going to the brokers who helped make it happen, of course. Carter, too, followed a Republican president, Nixon (actually, his VP after Nixon was run out of town) - another war monger who left a legacy of huge military debt and high oil prices (yes, Vietnam was started by a Democrat, but it was Nixon who escalated it). The Nixon/Ford years led to a half-decade of stagflation that, admittedly, traditional Keynesian methods had trouble unknotting - but they eventually succeeded, and the result was the prosperity generally accorded to Reagan.

Just like there are no atheists in a foxhole, there are no non-Keynesians in a depression - except for those whose paychecks depend on their denying it.
-2

The Truth MattersJan. 07, 2012 - 11:05PM JST

Phrase of the day: "crony capitalism"

This is getting funnier and funnier.
-1

unreconstructedJan. 08, 2012 - 01:50AM JST

Great post, sailwind. Now watch as Truth313 devotes no less than 7 posts to follow you around the site.Creepy.
0

MolenirJan. 08, 2012 - 05:40AM JST

I am more curious as to where the job growth is actually occurring I'm sure that it is uneven across the Nation. I would say its more than likely it's concentrated in the States that have low tax rates, business friendly with less stifling regulations and are on a fiscally sound footing with spending under control at the State Government level. Policies that really should be replicated and enacted at the Federal level to get America back to work in all of the country.

Most of these jobs are seasonal, and won't last. Hopefully though, it the start of a trend upward.

Just like there are no atheists in a foxhole, there are no non-Keynesians in a depression - except for those whose paychecks depend on their denying it.

Wow, what a statement. Completely untrue. Only those doling out the money, and those getting money are Keynesian. Everyone else, those able to sit back and rationally view the market, are mostly non-Keynesian.
-1

unreconstructedJan. 08, 2012 - 09:58AM JST

I guess what Obama fanbois here are trying to say is that this gain of 200,000 jobs so, like, totally negates the clear cut crony capitalism in the Solyndra case. Yeah. It also means that spontaneously combusting Chevy Volts (production cost 135,000$, sold for 45,000$ - 'look don't worry about the diff, it's teh Keynesianizm! ') represent sound investment. Recall of those Volts, in numbers greater than have been sold -- that just creates more 'new' jobs, silly! Waivers for the politically- connected enable union schlubs and folks in certain industries which just happen to be Dem supporters to opt out of ObamaCare. It was was forced on the rest of us, but that's because the same people who brought us the Volt and a failed 1 trillion dollar stimulus ('you don't understand teh Keynes, what was needed was twice that amount !') also know better than you and your doctor what you need medically. Yeah okay It makes some Democrats squirm I suppose, but we are talking 200,000 new jobs in December, people.
0

lostrune2Jan. 09, 2012 - 05:49PM JST

It's not the unemployment #s - it's the trend that matters.

After WW2, every US Prez was re-elected when the unemployment trend is downwards, and no US Prez was re-elected when the unemployment trend is upwards.

At that time in Dec 1983, Ronald Reagan had an unemployment rate of 8.5% - exactly the same as Obama now. But then in 1984, it went down to 7.2% - and Reagan was re-elected. It's the trend.
1

unreconstructedJan. 10, 2012 - 12:35PM JST

At that time in Dec 1983, Ronald Reagan had an unemployment rate of 8.5% - exactly the same as Obama now. But then in 1984, it went down to 7.2% - and Reagan was re-elected. It's the trend

. Good points. I wanted to point out though though that if calculated the way it was when Reagan was in office the current unemployment rate is much higher than 8.5 percent.