How many times can you take credit for the same 500,000 jobs? (1 Viewer)

[Jack Hays]

The Fact Checker

Obama's claim never changes. What does that tell us?

The good news is, today, our businesses have created nearly 7 million new jobs over the past 38 months. Five hundred thousand of those jobs are in manufacturing.”

— President Obama, remarks on college affordability, May 31, 2013

During a speech calling on Congress to halt a hike in the student loan rate, President Obama referenced the creation of 500,000 manufacturing jobs since February 2010 as part of the opening sentence in a paragraph touting good news about the economy (“The housing market is coming back. The stock market has rebounded.”).

But there was something about that phrase that sounded familiar.

Here’s the president speaking to the Democratic National Convention on Sept. 6 (nine months ago):

“After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years.”

And here’s the president at the State of the Union address on Feb. 12 (four months ago):

“After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three.”

It’s pretty rare to hear the same talking point regarding a job statistic, month after month. What’s going on here?

The Pinocchio Test

While the president has long preferred to point to the gain in jobs since early 2010 — the low point in employment during his presidency — the fact remains that manufacturing employment remains about 600,000 jobs smaller than when he took office. That stands in stark contrast to overall nonfarm employment — which is 2 million jobs larger.

Moreover, the growth in manufacturing jobs has basically stalled over the past year. The president’s continued use of this 500,000-job statistic, even as other job stats keep improving, suggests the news is not as good as advertised. Without some presidential acknowledgment that manufacturing job growth has slowed in the past year, it might be time to retire this talking point.

Two Pinocchios

 

[APACHERAT]

There's a high turn over rate in the jobs that were created. As workers either were fired for being incompetent or decided to go on the doe and get free stuff, those workers had to be replaced with new workers and are considered to be new jobs.

The truth is, you can't believe any thing that comes from the Obama administration, they cook the numbers and just out right lie all of the time.

 

[Fenton]

There's a high turn over rate in the jobs that were created. As workers either
were fired for being incompetent or decided to go on the doe and get free stuff, those workers had to be replaced with new workers and are considered to be new jobs.

The truth is, you can't believe any thing that comes from the Obama administration, they cook the numbers and just out right lie all of the time.

Isn't that the truth.

EVERYRTHING out of this WH is a lie with the biggest being his economy.

Entirely held up by Bernake's QE. A neighbor to our building is a investment group. After a couple of hours of staring through a magnifying glass I walked over to take a break, steal their donuts etc.

They have multiple 50" flat screens with various realtime market data flashing accross them and then Bernake popped up.

I said " hey, shouldn't you folks be paying attention ? What if he announces a winding down of QE ? "

They all laughed at me...ofcourse. I said just for that I'm stealing more donuts.

 

[penn1954]

The Fact Checker

Obama's claim never changes. What does that tell us?

The good news is, today, our businesses have created nearly 7 million new jobs over the past 38 months. Five hundred thousand of those jobs are in manufacturing.”

— President Obama, remarks on college affordability, May 31, 2013

During a speech calling on Congress to halt a hike in the student loan rate, President Obama referenced the creation of 500,000 manufacturing jobs since February 2010 as part of the opening sentence in a paragraph touting good news about the economy (“The housing market is coming back. The stock market has rebounded.”).

But there was something about that phrase that sounded familiar.

Here’s the president speaking to the Democratic National Convention on Sept. 6 (nine months ago):

“After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years.”

And here’s the president at the State of the Union address on Feb. 12 (four months ago):

“After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three.”

It’s pretty rare to hear the same talking point regarding a job statistic, month after month. What’s going on here?

The Pinocchio Test

While the president has long preferred to point to the gain in jobs since early 2010 — the low point in employment during his presidency — the fact remains that manufacturing employment remains about 600,000 jobs smaller than when he took office. That stands in stark contrast to overall nonfarm employment — which is 2 million jobs larger.

Moreover, the growth in manufacturing jobs has basically stalled over the past year. The president’s continued use of this 500,000-job statistic, even as other job stats keep improving, suggests the news is not as good as advertised. Without some presidential acknowledgment that manufacturing job growth has slowed in the past year, it might be time to retire this talking point.

Two Pinocchios

I dont think anyone in this administration knows how to tell the truth.

Nor do I think anyone in big financial knows how to tell the truth.

All of them keep saying how great the economy is doing,
but here in flyover country its barely staying above water!!

 

[Gonzo Rodeo]

The economy is largely built on confidence, and confidence alone. The best way to DESTROY the economy is to preach doom-and-gloom and tell everyone the sky is falling. That happened so hard in the run up to the 2008 election that it's still being felt to this day.

 

[davidtaylorjr]

The Fact Checker

Obama's claim never changes. What does that tell us?

The good news is, today, our businesses have created nearly 7 million new jobs over the past 38 months. Five hundred thousand of those jobs are in manufacturing.”

— President Obama, remarks on college affordability, May 31, 2013

During a speech calling on Congress to halt a hike in the student loan rate, President Obama referenced the creation of 500,000 manufacturing jobs since February 2010 as part of the opening sentence in a paragraph touting good news about the economy (“The housing market is coming back. The stock market has rebounded.”).

But there was something about that phrase that sounded familiar.

Here’s the president speaking to the Democratic National Convention on Sept. 6 (nine months ago):

“After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years.”

And here’s the president at the State of the Union address on Feb. 12 (four months ago):

“After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three.”

It’s pretty rare to hear the same talking point regarding a job statistic, month after month. What’s going on here?

The Pinocchio Test

While the president has long preferred to point to the gain in jobs since early 2010 — the low point in employment during his presidency — the fact remains that manufacturing employment remains about 600,000 jobs smaller than when he took office. That stands in stark contrast to overall nonfarm employment — which is 2 million jobs larger.

Moreover, the growth in manufacturing jobs has basically stalled over the past year. The president’s continued use of this 500,000-job statistic, even as other job stats keep improving, suggests the news is not as good as advertised. Without some presidential acknowledgment that manufacturing job growth has slowed in the past year, it might be time to retire this talking point.

Two Pinocchios

Not surprised...

 

[Fenton]

The economy is largely built on confidence, and confidence alone. The best way to DESTROY the economy is to preach doom-and-gloom and tell everyone the sky is falling. That happened so hard in the run up to the 2008 election that it's still being felt to this day.

Your right in one respect, confidence is extremely important, but THAT confidence comes from how investors and businesses react to policies that may or may not effect them financially. They then either sit on their capital and not hire or chose to expand and that filters down to the consumers.

It has nothing to do with a few Conservatives simply stating the truth on a internet forum.

 

[Gimmesometruth]

Obama's claim never changes.

Um, probably because as even the article (which you could not link to) points out, the claim is correct. Since February of 2010 when the President's budget and policies began in earnest, manufacturing employment began a rebound:

"Then manufacturing jobs began to rebound, thanks in part to the rescue of the auto industry. By July 2012, the number of manufacturing jobs had risen to 11.957 million, or just shy of a 500,000-job gain."

So what the President said was completely factually accurate, and Kessler agrees it is accurate, but still says it is a lie? I know you neocons are still in denial about the job losses during W, and won't accept the fact that the losses that continued in the first year of Obama (1.1M manufacturing job losses) should be attributed to W...but to deny the gains since is just ODS.

Further.....please.....don't any of you say a GD thing about the tapering off of more manufacturing hiring. The Grand Old Perv's in Congress have blocked any and all attempts to introduce real jobs programs, going so far as to whip on W's manufacturing incentives.


You guys have nothing to stand on as usual.

PS.....this is a link:

Obama?s jobs statistic is overworked - Washington Post

 

[Gimmesometruth]

but that confidence comes from ....

....demand.

 

[head of joaquin]

It's hard to unpack all the dense rightwing memes in the OP. Suffice it to say that Bush and his failed conservative policies left the nation on the brink of a second Great Depression. Obama's policies forestalled that, and put us in a position to grow again.

In contrast, Europe followed the austerity route preached by the conservative and their tea party clowns. The result -- the EU is in a double dip recession.

Facts are not the friends of conservatives and their memes.

 

[OpportunityCost]

It's hard to unpack all the dense rightwing memes in the OP. Suffice it to say that Bush and his failed conservative policies left the nation on the brink of a second Great Depression. Obama's policies forestalled that, and put us in a position to grow again.

In contrast, Europe followed the austerity route preached by the conservative and their tea party clowns. The result -- the EU is in a double dip recession.

Facts are not the friends of conservatives and their memes.

Rightwing...check
Memes....double check
Denigrate the tea party....check
denigrate conservatives....check

Not addressing the topic....priceless.


The idea is that Obama is claiming the same manufacturing jobs over and over again to try to present a rosier picture than actually exists. Care to discuss that?

 

[OpportunityCost]

Um, probably because as even the article (which you could not link to) points out, the claim is correct. Since February of 2010 when the President's budget and policies began in earnest, manufacturing employment began a rebound:

"Then manufacturing jobs began to rebound, thanks in part to the rescue of the auto industry. By July 2012, the number of manufacturing jobs had risen to 11.957 million, or just shy of a 500,000-job gain."

So what the President said was completely factually accurate, and Kessler agrees it is accurate, but still says it is a lie? I know you neocons are still in denial about the job losses during W, and won't accept the fact that the losses that continued in the first year of Obama (1.1M manufacturing job losses) should be attributed to W...but to deny the gains since is just ODS.

Further.....please.....don't any of you say a GD thing about the tapering off of more manufacturing hiring. The Grand Old Perv's in Congress have blocked any and all attempts to introduce real jobs programs, going so far as to whip on W's manufacturing incentives.


You guys have nothing to stand on as usual.

PS.....this is a link:

Obama?s jobs statistic is overworked - Washington Post

Grand Ole Perv's? Neocon? Get your post content above a 9th grade level please.

We are still shedding jobs so long as the participation rate continues to decline. Is it?

 

[Gimmesometruth]

We are still shedding jobs so long as the participation rate continues to decline.

Participation=number of employed/number of workers, "shedding of jobs" is related the total number of jobs, two different measures, one is only a component of the other and one can have an increasing number of workers without job increases, ie no "shedding".

This is why it is funny for one to talk about raising the level....when they think a declining participation rate equals "shedding".

 

[OpportunityCost]

Participation=number of employed/number of workers, "shedding of jobs" is related the total number of jobs, two different measures, one is only a component of the other and one can have an increasing number of workers without job increases, ie no "shedding".

This is why it is funny for one to talk about raising the level....when they think a declining participation rate equals "shedding".

Im wondering how you think we can have people leaving the workforce in the millions and think we have job creation. If those people are leaving the workforce we should have a lot of job openings. We dont.

 

[Jack Hays]

Um, probably because as even the article (which you could not link to) points out, the claim is correct. Since February of 2010 when the President's budget and policies began in earnest, manufacturing employment began a rebound:

"Then manufacturing jobs began to rebound, thanks in part to the rescue of the auto industry. By July 2012, the number of manufacturing jobs had risen to 11.957 million, or just shy of a 500,000-job gain."

So what the President said was completely factually accurate, and Kessler agrees it is accurate, but still says it is a lie? I know you neocons are still in denial about the job losses during W, and won't accept the fact that the losses that continued in the first year of Obama (1.1M manufacturing job losses) should be attributed to W...but to deny the gains since is just ODS.

Further.....please.....don't any of you say a GD thing about the tapering off of more manufacturing hiring. The Grand Old Perv's in Congress have blocked any and all attempts to introduce real jobs programs, going so far as to whip on W's manufacturing incentives.


You guys have nothing to stand on as usual.

PS.....this is a link:

Obama?s jobs statistic is overworked - Washington Post

Yawn. BHO selling the Brooklyn Bridge over and over and over. A "real jobs program" would be a growing economy.:mrgreen:

 

[head of joaquin]

Rightwing...check
Memes....double check
Denigrate the tea party....check
denigrate conservatives....check

Not addressing the topic....priceless.


The idea is that Obama is claiming the same manufacturing jobs over and over again to try to present a rosier picture than actually exists. Care to discuss that?

No factual rebuttal - check.

It hurts to keep losing, doesn't it?

Now, tell us again what kind of economy Bush left us, and tell us how that austerity thingie is working out in Europe?

 

[Jack Hays]

It's hard to unpack all the dense rightwing memes in the OP. Suffice it to say that Bush and his failed conservative policies left the nation on the brink of a second Great Depression. Obama's policies forestalled that, and put us in a position to grow again.

In contrast, Europe followed the austerity route preached by the conservative and their tea party clowns. The result -- the EU is in a double dip recession.

Facts are not the friends of conservatives and their memes.

One could concede every point in your post and the OP would still stand unrefuted. When you have something on topic to post, please do so.

 

[head of joaquin]

One could concede every point in your post and the OP would still stand unrefuted. When you have something on topic to post, please do so.

No, it wouldn't. But you clearly wish it would. Obama's policies worked. Bush's failed policies and the austerity fetishist policies have failed.

It hurts, don't it?

 

[Jack Hays]

No, it wouldn't. But you clearly wish it would. Obama's policies worked. Bush's failed policies and the austerity fetishist policies have failed.

It hurts, don't it?

The OP has nothing to do with whose policies worked and whose didn't. Please try to stay on topic.:mrgreen:

 

[Dickieboy]

No, it wouldn't. But you clearly wish it would. Obama's policies worked. Bush's failed policies and the austerity fetishist policies have failed.

It hurts, don't it?

Wondering,
Didn't Bush start the auto bailout? Didn't that work?
How about TARP? Wasn't that Bush's policy? Didn't that work?
Let's see, Obama did the stimulus...did that work? Yeah, real well...Obama Wins The Gold For Worst Economic Recovery Ever

real winner....:lamo

 

[OpportunityCost]

No factual rebuttal - check.

It hurts to keep losing, doesn't it?

Now, tell us again what kind of economy Bush left us, and tell us how that austerity thingie is working out in Europe?

Post facts instead of partisan spin devoid of them and Ill take a whack at it. The EU problems are due in part to the EU structure. The economies of the EU and the US are not the same.

Oh and BOOOOSHHHHHHHH.

 

[head of joaquin]

Post facts instead of partisan spin devoid of them and Ill take a whack at it. The EU problems are due in part to the EU structure. The economies of the EU and the US are not the same.

Oh and BOOOOSHHHHHHHH.

Still no factual rebuttal. Now which western country is in a double dip recession, the US or the UK?

Come on, you can at some point actually deal with a fact, can't you? Maybe not.

 

[Jack Hays]

Still no factual rebuttal. Now which western country is in a double dip recession, the US or the UK?

Come on, you can at some point actually deal with a fact, can't you? Maybe not.

You are off topic.

 

[Dickieboy]

Now, tell us again what kind of economy Bush left us, and tell us how that austerity thingie is working out in Europe?

Apparently not TOO bad...

This week European Council President Herman Van Rompuy reaffirmed the European government's commitment to the austerity measures it has required of its struggling periphery. But experts say that austerity has only worked to an extent, due to too little focus on growth and a lack of actual reforms.

Europe indicates it's sticking with austerity. But is that working? - CSMonitor.com

or at least not bad enough for them to change direction...

 

[Gimmesometruth]

Im wondering how you think we can have people leaving the workforce in the millions and think we have job creation. If those people are leaving the workforce we should have a lot of job openings. We dont.

I didn't say anything of the sort, you are putting words into my mouth, I simply showed that you "want to raise the level" when in your own premise there is a glaring error.

You then compound your silliness by putting words in my mouth and create a straw man. If this is your version of "raising the level", I think you ought to re-evaluate your goal and method.