'OK' Jobs Report Calls For a Return To the Basics

[Marcus Aurelius]

http://www.realclearmarkets.com/articles/2013/06/10/ok_jobs_report_calls_for_a_return_to_the_basics_10 0388.html


Certainly, a month during which the "headline" (U-3) unemployment rate goes up by 0.1 percentage point, the broader U-6 rate falls by 0.1 percentage point, and the broadest-of-them-all "SGS Alternate" unemployment rate remains at its record high of 23.0% provides little reason to party like it was 1999.


Also, now 15.7 million jobs away from FTE full employment, America has lost ground amounting to 1.4 million FTE jobs since the (supposed) end of the recession in June 2009.


Since the previous employment peak in November 2007, FTE employment has declined by 4.1 million. This reflects a loss of 5.5 million full-time jobs, and a gain of 2.8 million part-time jobs.


President Obama tried $862 billion of fiscal stimulus, and it didn't work. Ben Bernanke has tried $578.9 billion in monetary stimulus since September 2012 alone, and this hasn't worked either.

Perhaps it's time to go back to the age-old formula of stable money, lower taxes, and reasonable regulations. In other words, perhaps it's time to go back to Ronald Reagan.



thanks a lot, Mr. President. :rolleyes:

[fj1200]

http://www.realclearmarkets.com/articles/2013/06/10/ok_jobs_report_calls_for_a_return_to_the_basics_10 0388.html


Perhaps it's time to go back to the age-old formula of stable money, lower taxes, and reasonable regulations. In other words, perhaps it's time to go back to Ronald Reagan.

thanks a lot, Mr. President. :rolleyes:

I'd even take back to Clinton at this point.