Possible Problem for Kerry

[NoCalMike 0]

Clinton is Coolidge.

 

Hell, be glad I'm not comparing him to Harding.

          -=Mike

Coolidge saw that so many Americans lived in poverty and chose to do nothing about it.

 

Uh...?

Coolidge governed over a booming economy powered by a grossly overinflated stock market. The economy later collapsed, largely due to the rampant corruption of the times. Naming Coolidge's actual proposals and platform issues he passed are nigh impossible.

 

Sounds damned close to Clinton.

-=Mike

I don't understand why people still attribute so much of the economies fluxuation to the President. In general the President has little power to change the economy, moreso the cycle pretty much dicates thateconomies go up and down and repeat themselves for all of eternity. There has never been a great economy that didn't come down, and there has never been a bad economy that hasn't rebounded.(America) I do agree that Bush got too much flack over the lagging economy, but now I think he is just getting to much credit by a general public that doesn't understand how the economy works.

That's EXACTLY right. The President's ability to "create" or "lose" jobs is, at best, weak. I will say Reagan's tax cuts were extremely helpful --- but there is little he could've done to MAKE it happen. The market produces jobs.

-=Mike

Yes I know the market creates jobs. I just feel that the media has an obligation to examine what kinds of jobs are being created, instead of just reading numbers off a paper, which in reality mean NOTHING. Repeating myself ad naseum, losing a 50k a year job to go stock shelves at Wal-Mart is technically, getting a job, and it WILL show up on a piece of paper as a job created, but if you look at as what the net worth of the job now is compared to the job before, it just doesn't compare.

 

Also, any industries that took a huge hit from 9/11 would definately be creating jobs in 2003/2004, as people's fear of an attack lighten up and people are ready to travel at ease again. That has little to do with the president and more do to just the time passing.

 

Also here is another question that I am not sure of........When they say "jobs created" does that mean BRAND NEW JOBS, or are they just referring to people that were laid off/fired etc......going BACK TO WORK? Or both?

[AndrewTS 0]

"Also here is another question that I am not sure of........When they say "jobs created" does that mean BRAND NEW JOBS, or are they just referring to people that were laid off/fired etc......going BACK TO WORK? Or both? "

 

That probably depends on who is spinning the numbers and what they want the numbers to say.

 

However, I think when people laid off go back to work it is counted.

[NoCalMike 0]

"Also here is another question that I am not sure of........When they say "jobs created" does that mean BRAND NEW JOBS, or are they just referring to people that were laid off/fired etc......going BACK TO WORK? Or both? "

 

That probably depends on who is spinning the numbers and what they want the numbers to say.

 

However, I think when people laid off go back to work it is counted.

well in that case, there would have to two serperate rates of job growth then. Since, realistically the media might report that 1.6 million jobs have been created, while people are still being laid off at the same time, so it kind of takes the steam out of the 1.6 million figure.

[Guest MikeSC]

"Also here is another question that I am not sure of........When they say "jobs created" does that mean BRAND NEW JOBS, or are they just referring to people that were laid off/fired etc......going BACK TO WORK? Or both? "

 

That probably depends on who is spinning the numbers and what they want the numbers to say.

 

However, I think when people laid off go back to work it is counted.

well in that case, there would have to two serperate rates of job growth then. Since, realistically the media might report that 1.6 million jobs have been created, while people are still being laid off at the same time, so it kind of takes the steam out of the 1.6 million figure.

They do report that. They mention the new unemployment figures every month, also.

-=Mike