Dow Closes At Highest Since '08

[MTK]

And...

Before the market opened, the Labor Department said companies hired 243,000 employees in January. That's the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3 percent.

[saden1]

Plus, the fact that the 2012 budget deficit has decrease by 200 billion compared to last year and you got really bad news for the GOP candidate. Well see if they can pin him as America's Captain Scatino.

[GMScud]

Originally Posted by saden1

Plus, the fact that the 2012 budget deficit has decrease by 200 billion compared to last year and you got really bad news for the GOP candidate. Well see if they can pin him as America's Captain Scatino.

Not sure I'd brag on that considering the total debt is over 15 trillion. But whatever.

[saden1]

Originally Posted by GMScud

Not sure I'd brag on that considering the total debt is over 15 trillion. But whatever.

It doesn't reallt bother me as much as it does you guys and at the end of the day it would be around there no matter who is the president.

[12thMan]

Originally Posted by saden1

It doesn't reallt bother me as much as it does you guys and at the end of the day it would be around there no matter who is the president.

Cons favorite argument, Pres. Obama ran up record levels of debt.

[saden1]

Originally Posted by 12thMan

Cons favorite argument, Pres. Obama ran up record levels of debt.

They refuse to see the reality of this country and how their guys are going solve its budgetary problems which adds to the problem we face. It's sad.

[firstdown]

Originally Posted by 12thMan

Cons favorite argument, Pres. Obama ran up record levels of debt.

And what part of that is not correct but to make you feel good he doing just a wonderful job.

[12thMan]

Originally Posted by firstdown

And what part of that is not correct but to make you feel good he doing just a wonderful job.

I don't need to feel good about Obama, we all have a vested interest in seeing him or whomever is next succeed for the benefit of the country.

The day President Obama took office the deficit stood at $10.6 trillion. It currently stands at roughly north of $15.2trillion. If you simply look at the cost of his policies over the past 3 years, the total is probably closer to $1 trillion, not the $4.7 trillion. But there a couple of different ways to look at it.

But as it relates to this thread Wall Street, at least for now, appears to be impervious to the nation's growing deficit and Washington's inability to get it under control.

[mlmpetert]

Originally Posted by Mattyk

And...

Before the market opened, the Labor Department said companies hired 243,000 employees in January. That's the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3 percent.

CURL: Obama's made-up jobless numbers - Washington Times

I think someone else mentioned that the primary fear out there is Europe. I cant agree more and for the most part i feel the American economy is pretty healthy, its threat of contagion from Europe that worries me.

[12thMan]

Originally Posted by mlmpetert

CURL: Obama's made-up jobless numbers - Washington Times

I think someone else mentioned that the primary fear out there is Europe. I cant agree more and for the most part i feel the American economy is pretty healthy, its threat of contagion from Europe that worries me.

Umm...1.2 million people didn't suddenly drop out of the labor market propping up the unemployment rate. This is an annual population adjustment from 2010 done by the Census Bureau, which they post ensuing January.

While the labor market has been going through a 30 year correction, there are some economic forces at work..others like people retiring, home parenting, returning to college, death, starting a business, etc. Lot's of factors at play.

[saden1]

Originally Posted by 12thMan

Umm...1.2 million people didn't suddenly drop out of the labor market propping up the unemployment rate. This is an annual population adjustment from 2010 done by the Census Bureau, which they post ensuing January.

While the labor market has been going through a 30 year correction, there are some economic forces at work..others like people retiring, home parenting, returning to college, death, starting a business, etc. Lot's of factors at play.

All I got from that POS conspiratorial article is that the rate is going down, we don't know what exactly BLS is doing but it's something wrong. Of course the question then becomes "is whatever BLS is doing standard practice?" and "why hasn't obama been rigging the numbers from day one?"