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Obama Outperforms Reagan On Jobs, Growth And Investing

Submitted by: Goshin @ 04:45 PM | Monday, September 8, 2014 | (url: http://www.forbes...)

[quote]The Bureau of Labor Statistics (BLS) today issued Americas latest jobs report covering August. And its a disappointment. The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August.


Category: Politics | 87 Comments
Tags: economy

09-08-14 - 04:46 PM
im too busy playing red rocket with my dog's dick to use quote tags correctly until coombz reminds me! :d
09-08-14 - 04:47 PM
almost as impressive as beating terri schiavo at american idol
09-08-14 - 04:48 PM
Surprise, bullshit push close to elections while we hold off Amnesty as well because voters do not want it.
09-08-14 - 04:49 PM
deficit:


The Congressional Budget Office projected today that the 2014 deficit will be the lowest in six years and down more than 60 percent from the record $1.4 trillion in 2009. With the annual April 15 tax filing deadline looming, the U.S. has received about $80 billion more in income taxes this fiscal year than it had 12 months earlier.

The Treasury’s coffers are swelling as the almost five-year economic expansion gains momentum, generating more corporate and personal income-tax revenue and reducing spending on social services. Stronger growth, in turn, will depend less on government spending to fuel growth than it has in the past.

More evidence of fiscal health came last week, when the Treasury Department reported a deficit of $36.9 billion, the smallest for that month in 14 years. Revenue increased 16 percent to $215.8 billion from $186 billion in March 2013. Spending totaled $252.7 billion, down 13.6 percent.

The deficit will shrink to $492 billion this year from $680 billion in 2013, according to the CBO, which today projected a gap of $469 billion in 2015. After that, the deficit will start rising every year, reaching $1 trillion by 2023.

The increase will be driven by “dramatically” rising Medicare and Social Security payments needed to care for an aging society, said Jersey of Credit Suisse.

Obama
information from early april
09-08-14 - 04:50 PM
thank god obama is the federal reserve or something
09-08-14 - 04:52 PM
A long line of BS, compare that to the types of jobs, like middle class jobs, such as construction and compare to the low class jobs, add the fact that 37% of new jobs created have gone to foreign born people who make up WAY less then 37% of our population and you see whats really going on
09-08-14 - 04:53 PM
Originally posted by Chia_Pet  
A long line of BS, compare that to the types of jobs, like middle class jobs, such as construction and compare to the low class jobs, add the fact that 37% of new jobs created have gone to foreign born people who make up WAY less then 37% of our population and you see whats really going on


:lolque:
09-08-14 - 05:00 PM
you're fucking retarded dude
09-08-14 - 05:01 PM
it's forbes, dude
09-08-14 - 05:02 PM
who gives a shit
09-08-14 - 05:02 PM
dude
09-08-14 - 05:03 PM
i took the retard goshin off ignore

now i remember why i added that worthless shit...so long, retard
09-08-14 - 05:03 PM
itt i learn that some people consider construction a middle class job
09-08-14 - 05:04 PM
Last guy set the bar pretty low, I'm not surprised performance was better than in the 80.
09-08-14 - 05:07 PM
a) thats basically an oped on forbes, so being published on forbes is meaningless

b) numbers are going to look good because obama took office at the height of the worst recession since the great depression

that said, i think the administrations (both bush and obama) handled the recession well
and i think our track record for responsible spending continues to be abysmal because we refuse to tackle entitlement programs (see also: deficit)

the end.
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