Not sure if I agree…but when professionals are getting very anxious about the House of Cards that Finance has built. It’s not pretty. He’s saying gold at 3500 an ounce in two years, a new monitary system within two to four years, GM bankrupt within a year. Most financial powerhouses are bankrupt now…but due to a fail safe decree to not allow them to be sold short…the financial train wreak will be slow and unremitting no matter who’s in the White House. (My argument is that a Democrat is the only partisan that can deal with the public with less harm…with McCain…it’s only the Keatings of the USA that’ll get the attention. ) The professor sees the dow going down to 5000 approx. He’s been buying gold for some time now.

You realize the average income for the middle class has gone down over the last 8 years, right? You are aware of that fact, correct?

You are not just talking out of your ass, right?

10 by October. Diebold be dammed…

If the jobs increase:

“They are just minimum wage, dead end jobs!”

And when they go down:

“See, america is bleeding away the middle class!”

In either case, the assertion are unsourced and unfounded.

The liberal desperation here is so prevalent that it is worthless to even try to refute what they are writing now. They can’t stay on one point long enough to argue it, they are off chasing another windmill of “hidden” files, or republican “corruption”.

Don’t let facts get in the way of your bias though.

That’s a good example of my point, mccann.

Even with the dot-com bust, job growth in absolute numbers never really faltered. The raw number of jobs fell back, at worst, a few hundred thousand in year over year comparisons.

Job growth is an incomplete measure.

Dick Cheney sez so!

Don’t let facts get in the way of your bias though.

Because that “job growth” does not exist.

Based on your assertion lets see here..

Ah, the unemployement rate 4 years and 4 months ago (April / 2004)
5.6 percent

Unemployement rate For August 2008 (thats this month, mccann)
6.1 Percent.

The unemployment rate rose from 5.7 to 6.1 percent in August, and non-farm payroll employment continued to trend down (-84,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
[...]
The number of unemployed persons rose by 592,000 to 9.4 million in August, and the unemployment rate increased by 0.4 percentage point to 6.1 percent.

http://www.bls.gov/news.release/empsit.nr0.htm

But hey, you 84,000 new unemployed people shouldn’t worry, because we had 52 months of job growth! Everything’s hunky dory!

If the work force was 100 million people and the percentage of unemployed increases by .004, that’s 400,000 additional unemployed.

I’ll take “Lies, Damn Lies, and Statistics” for $500 Alex.

Fifty-two months of job growth doesn’t tell you much about what’s going on with employment. If the size of the work force grows faster than the rate of job growth, you can have increasing unemployment and job growth at the same time.

Job growth is good, but it’s an incomplete measure.

A decline in the number of jobs, however, is just about always bad news.

If there were a million people unemployed in July, that would make Aug’s 4,000 workers greater …

Sheesh .

How many jobs actually created versus how many President Bush said would be created versus how many created under President Clinton?

And I’m not bitter.

Yet.

Just wondering.