GDP shows loss

[sick lids]

“I do not know if the people of the United States would vote for superior men if they ran for office, but there can be no doubt that such men do not run.”
― Alexis de Tocqueville, Tocqueville: Democracy in America

We need to choose who holds an office, not pick from those who crave it at all costs regardless of which party you side with. If an existing POTUS needs to campaign for his job at the end of his first term is he worthy of re-election? And why on Earth would a POTUS save political capital till their last term instead of doing what they are elected to do on day 1, its not like they are not set for life after wining the first time.

[Marvin S]

I have never belittled Goldwater. IYO

Third, Dr Ron Paul has retired from the House. He is on a speaking engagement tour raising money for the Liberty Pack which he donates 100% of his speaking fees to and not lining his pocket. Just as he refused to accept Medicare and Medicaid payments from the government for the people he treated in his medical practice. It is called, integrity and you wouldn't know an honest man if you met one! To refer to him as dishonest just demonstrates how corrupt you are Marv. Franco - you can drink all the Paul Aid you want, but that doesn't entitle you to make unsubstantiated comments on this forum He can make all the speaking engagement he wants, who's listening?

Lastly, we have that charismatic leader. His name is Sen. Rand Paul and if you haven't been paying attention, he is the most active member in the Senate. AT least every other month I get a solicitation from the Senator, which gets deposited in the round file immediately beside the one's from Huckaby

I really wanted a reply from smiller - You're beginning to sound & act like those guys at the PO parking lot .

[mngundog]

He can make all the speaking engagement he wants, who's listening?

It is hard to take someone very seriously who comes across as somewhat illiterate!!!

[jeff evans]

Can anyone that has commented on Rand Paul name ONE politician who is fighting for American rights and safety more than Paul?

[roseberry]

The keynesian solution - - - after total failure - try, try again.

classic post! goose where did you study economics?

[Marvin S]

Can anyone that has commented on Rand Paul name ONE politician who is fighting for American rights and safety more than Paul?

Jeff - they always have a cause that turns to donations - remember Dick Armey of Barney Fag fame - was going to fix the taxing of SS to those recipients who were being taxed on money they had already paid tax on - Never got fixed, he's into some other fund raising effort - It's very hard to take any of the guys seriously, & I mean any of them - you have to work with what you see or as Chuck Knox would say "you play the hand you are dealt" . Marvin

[Buzz]

And here I thought that Obama was cooking the books.

http://economix.blogs.nytimes.com/20...ve-been-wrong/

A Bad Jobs Report Turns Out to Have Been Wrong

By FLOYD NORRIS

The jobs report for last March was a big disappointment, one that spurred talk of a new recession. Now we learn that report was simply wrong, that March was actually a very good month and that jobs rose much more rapidly in 2012 than we had previously been told.
Last April, with the presidential campaign heating up, the Labor Department reported that its survey of employers showed the economy added only 120,000 jobs in March, far below forecasts. The unemployment rate — based on a separate survey of households — did decline a bit, to 8.2 percent, but that was widely dismissed as indicating some people gave up looking for work.
From the next day’s Times:

Republicans pounced on the lower than expected payroll numbers, with the party’s front-runner, Mitt Romney, declaring, “This is a weak and very troubling jobs report that shows the employment remains stagnant.” Speaker John A. Boehner and Representative Eric Cantor, the House majority leader, also deplored the numbers and laid the blame for them at Mr. Obama’s feet.

The report came out on Good Friday, when the stock market was closed, so investors had all weekend to ponder the numbers. They did not like what they saw, and the Dow tumbled on both Monday and Tuesday.
Now we know what really happened in March. On Friday, the Labor Department issued its “benchmark revision” for the 12 months through March 2012. The new numbers are based on far more reliable — but slower to arrive — counts of the the number of workers for whom unemployment insurance premiums were paid. It turns out 205,000 jobs were added that month.
For all of 2012, we are now told that the average month added 181,000 jobs. A month ago, we were told the average for the year was only 153,000, basically the same as in 2011. With the revisions, we are told that the 2011 average was really 175,000.
At the end of last year, the official figures showed employment had risen 3.7 percent from the bottom in February 2010 to the end of 2012. Now that figure is 4.1 percent.
A year from now we will get benchmark revisions for the last nine months of 2012. It is quite possible the 2012 annual average will then rise further, to more than 200,000.
A couple of weeks ago, speaking in Hong Kong, Charles Evans, the president of the Chicago Fed, was asked about what would show things were getting better.He replied, according to Reuters, “One good indicator of labor market improvement would be if we saw payroll employment increase by 200,000 each month for a number of months. We’ve been averaging about 150,000, but it’s been very uneven.”

Turns out the average was a lot higher than the Fed thought. Could that signify we are closer to an end to quantitative easing than we thought?

[road kill]

And here I thought that Obama was cooking the books.

http://economix.blogs.nytimes.com/20...ve-been-wrong/

Buzz, are you then saying that the economy is a hummin'?????


Really????

[Marvin S]

And here I thought that Obama was cooking the books.

http://economix.blogs.nytimes.com/20...ve-been-wrong/

You live in an expanding college community - you won't see what those who live elsewhere see - while the reports are useful info they do not tell the whole story - the recovery is not going to happen as long as potential employess are unprepared for boots on the ground conditions - This last month I have read 3 different articles about robots, in 1 of which they quote your favorite economist who stated "there will not be a robot that vacuums a room for 15 years" that was 3 years before the Roomba - they now have robots for wait staff, how cool . So where do the unemployable work?

[mngundog]

You live in an expanding college community - you won't see what those who live elsewhere see - while the reports are useful info they do not tell the whole story - the recovery is not going to happen as long as potential employess are unprepared for boots on the ground conditions - This last month I have read 3 different articles about robots, in 1 of which they quote your favorite economist who stated "there will not be a robot that vacuums a room for 15 years" that was 3 years before the Roomba - they now have robots for wait staff, how cool . So where do the unemployable work?

In Washington