Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

Discussion in 'Too Hot for Swamp Gas' started by G. Gordon Gator, Feb 13, 2018.

  1. rivergator
    Offline

    rivergator Too Hot Mod Moderator VIP Member

    Joined:
    Apr 8, 2007
    Messages:
    30,713
    Likes Received:
    714
    Trophy Points:
    1,303
    Ratings Received:
    +14,881
    You really think that when Republicans started pointing out the labor participation rate and complaining that U-3 isn't a good way to measure unemployment had nothing to do with R vs. D? That it was just a coincidence that it started the day Obama was inaugurated and ended the day Trump was?
    And your bringing up the participation rate (just during Obama, of course) had nothing to do with R vs D?
    Seriously, you talk about how everything was awful under Obama and then magically everything is better under Trump and then claim other people are being partisan .... :confused:
    Last edited: Feb 14, 2018
  2. VAg8r1
    Offline

    VAg8r1 GC Hall of Fame

    Joined:
    Apr 8, 2007
    Messages:
    7,214
    Likes Received:
    229
    Trophy Points:
    308
    Ratings Received:
    +5,376
    Essentially the same methodology has been used to calculate unemployment since the end of World War II. The primary unemployment rate (the U-1) is the percentage of the workforce unemployed and actively seeking employment. It's been the same metric under every administration from Truman to Trump. It's the number that's publicized when the BLS releases the workforce metrics in the first Friday of every month. The other measures of unemployment are higher, but they basically track the U-1.
  3. dangolegators
    Offline

    dangolegators GC Hall of Fame

    Joined:
    Apr 26, 2007
    Messages:
    7,149
    Likes Received:
    173
    Trophy Points:
    598
    Ratings Received:
    +5,608
    That's funny. I'd kinda forgotten the U-3 thing. We used to see it from cons pretty much every month when the employment number came out.
  4. rivergator
    Offline

    rivergator Too Hot Mod Moderator VIP Member

    Joined:
    Apr 8, 2007
    Messages:
    30,713
    Likes Received:
    714
    Trophy Points:
    1,303
    Ratings Received:
    +14,881
    It was every single month during the Obama administration. The unemployment figure would come out and conservatives would claim that U3 wasn't valid, U6 was. And it was only because U6 was higher, but since both measurements paralleled each other, they told the exact same story about whether unemployment was going up or going down.
    But, yep, as soon as a Republican was elected, all the noise about U3 vs. U6 disappeared. Instead, every month we've got conservatives posting the U3 figure to claim that Trump sure is doing a great job.

Share This Page