Name:   architect - Subject:   What bubble Date:   1/22/2016 9:21:14 PM (updated 1/22/2016 9:42:58 PM)

The truth and facts are not a bubble you can burst.  You can try, but the truth remains.  I do not credit Obama with the 14 million new jobs over the last 70 months just as I do not blame W for the fact that inflation adjusted wages went down much faster on his watch than Obama's.

Yes, I realize that 14 million new jobs have come on line in the last 6 yeras and that even with that we are still only 6 million up.  Do you realize when the majority of the job losses resulting in the 8 million divergence occured?  W had very little to do with it, but do you realize and acknowledge when his term ended we were losing 850,000 jobs a month and getting worse every month?  Obama had very little to do with it, but do you realize and acknowledge that when he took office the trend began to reverse and within 8 months the graph turned positive?

I am afraid I cannot recall his name, but a well known generally conservative and very orthodox economist pointed out several months ago that he had no concern at all with the lower percentage of people in the work force by pointing out that, while some of the decrease was due to discouraged job seekers, the vast majority of the decrease was due to more late teens and 20 somethings choosing college over entering the job market and to the number of baby boomers voluntarily retiring...good news because it opened up new positions for the work force to move up making more positions available lower on the pecking order.

Now, be honest, if the economy had performed exactly as it has over the last 7 years but a President John McCain or Mitt Rominey had presided over that economy, would you have posted what you did above?  Now give me an answer but search your soul and be honest MM.

Facts are stubborn things MM, but they are real and they are forever.  DANCE, DANCE / SHUFFLE, SHUFFLE!!