Tell that to Spain who is sitting at a 25% unemployment rate right now :P

Yeah turns out that's the case.   The Seasonally adjusted unemployment rate is actually still 8.1%. 

Still wouldn't be surprised to see the job numbers move up though.

Afterall, goverment hiring was on an increase too last month for the first time in a long time.

either way we are in a recovery. If republicans would have voted for the jobs bill we would be well under that by now. People seem to forget the 2 years of obstruction. Could obama done more? yes. Regardless of that, Obama will win off of these numbers and lets hope he gets the house back as well. then we can start talking about third party. LOL

I got to say kaz that I take your posts about politics the most seriously. You always have a graph or video to source on whatever the topic. I even think I remember you posting facts and sources in the 9/11 conspiracy thread.

So you deny that the main reason for the Global Financial Crisis was the repeal of Glass Steagal?

Yeah I wouldn't say it matters, lack of seasonal adjusting hurts Obama just as much as it helps him (theoretically).  Just worth pointing out since it's the kind of thing that can cofuse people.

As for the jobs bill helping the economy... not really going to do anything... Romney's plans are unlikely to help either.

The problem is, people are trying to apply giant macroeconomic forumla's onto a problem that's not normal.  At the moment we're at a stiuation where buisnesses won't hire until there is an increase in real demand... and there won't be an increase in real demand until buisnesses start hiring. 

The Jobs bill and any other kind of stimulus program... companies will just collect there profits and hold off hiring anyone knowing it'd be more trouble then it's worth because we can't run deficits forever.

The scary part is, there is a LOT indication there is a of hidden inflation out there.  Which would mean we were in a case of Stagflation... and believe me, you espeically wouldn't like the cure to Stagflation.

That's probably because while I find politics and policy making very intersting...

I'm actually really un-ideological.

All i care about is what works so i'm always looking up research, numbers and graphs in my freetime, and before i post.

I tend to lean libretarian in these dicussons, but only mostly because i think the current regulations that exist are awful, and should be gotten rid of.

If we Ron Paul was president and got rid of everything, I'd want to replace it with a lot of new ideas.

Government is kind of like a giant mural in a public place.  It starts out white, and you add stuff and more stuff, and it's really hard to change stuff you've already put up there, and later on... stuff you put up there isn't relevent anymore, falls out of favor with people or later becomes offensive, so you try to change it and cover it up but it doesn't quite work, sometimes you change styles so you have a big clash that makes them look kinda ugly....

So every 100 years or so i'd say.  You really want to whitewash the whole thing and start over.

There are so many new ways to solve a lot of this stuff that have been discovered as likely to help through sociology and the like, but aren't tried because politicians stay glued to the old policies that don't work.

well most economist believed unemployment would be ~8.3% for this report.

also the BLS just recorded the highest job numbers ever in a single month since 29 years ago. do you really believe that.

and literally for 30 something straight months, every single BLS jobs report got revised to show worse numbers than originally reported. literally every single time for 30 something straight months. every time like clock work.

Nope I agree that was a big part but when bush came in he decided to complete deregulate wall st and the banks. . I'm not a fan of the democrates moving to the right. I will be the first to say Clintons nafta and Glass steagal removal was a disaster.

Infrastructure would put demand back out there. That was a big part of the jops bill. Millionairs would only have to pay I think it was 1/7th of 1% more on tax's on there second million made. Is that enough? no but it would have helped. We are way behind in Infrastructure and those jobs pay good because there union, which means people can pay bills and have disposable money.