Comments | the_recession: Weak Jobs Reports Even Much Worse Under the Hood as GOP Demands More Demand Destruction

cieldumort in the_recession

Weak Jobs Reports Even Much Worse Under the Hood as GOP Demands More Demand Destruction

Jul 09, 2011 11:37

The Establishment Survey (of more established mid to large size businesses in the US) showed a gain of just 18,000 jobs in the US last month. On its own, this was a very weak print - well within the accepted margin of error of +/- 50,000 a month, meaning that statistically it was flat.

But its the numbers under the hood that are most worrisome. ( Read more... )

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Comments 11

floundah July 10 2011, 01:07:50 UTC

That was cheerful.

....

Have you seen this? http://www.economist.com/node/18928600

cieldumort July 10 2011, 02:57:28 UTC

Thanks for the link - hadn't read it.

Seriously, the economy is on incredibly thin ice, and these idiots are threatening to crack it wide open in the name of politics.

kayjayuu July 10 2011, 04:28:59 UTC

So help me understand. Spending money minted out of thin air is helpful? I don't get it.

cieldumort July 10 2011, 05:25:35 UTC

Does spending money "minted out of thin air" help you pay your bills? Exactly where do you think those dollar bills you are circulating comes from? They Money Tree?? C'mon. Spending money IS helpful. This is a really simple concept. And it doesn't matter "where" the money comes from. Government money comes from the same printer as private sector money. And when the private sector is not spending, governments step in.

kayjayuu July 10 2011, 07:47:46 UTC

I can't say I agree but then again I'm not any kind of expert at macroeconomics (if that applies here ( ... )

cieldumort July 10 2011, 17:15:10 UTC

I appreciate your perspective - and even agree with some of it, to be sure - but the concern right now is that we have an economy with a demand problem, not a "Washington has a spending problem," problem. If the GOPs really believed this, they should have been outraged during the 1980s and 2000s, under Reagan & Bush. Rather, they were completely MIA - or, more honestly, as a lot they were all clamoring for more spending (and very often for their own porky pet projects back home ( ... )

Thread 9