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re: U.S. private employment growth eases but manufacturing shines: ADP

Posted on 12/7/17 at 1:19 pm to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/7/17 at 1:19 pm to
quote:

there's no denying that the cbo and the wh monkeyed with obama's numbers

what exactly do you mean by saying the CBO "monkeyed with obama's numbers"? i'll go ahead and deny that claim. the CBO isn't even an original data source for any economic numbers (other than an estimate of output gaps)
quote:

it's also undeniable that obama was one of the 4 worst economic presidents ever, not posting even 1 quarter of 3% gdp growth

this is easily shown to be objectively wrong.
This post was edited on 12/7/17 at 1:21 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69401 posts
Posted on 12/7/17 at 1:22 pm to
Obama is a bottom 10/15 economic president, 90proof. It's part of the reason his hand-picked successor lost
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134990 posts
Posted on 12/7/17 at 1:26 pm to
quote:


what exactly do you mean by saying the CBO "monkeyed with obama's numbers"? i'll go ahead and deny that claim. the CBO isn't even an original data source for any economic numbers (other than an estimate of output gaps)

Yeah, I never understand why people attack the CBO. They crunch the numbers in the parameters provided to them. It's like blaming the baker for a disgusting cake when he's provided with shitty ingredients.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54237 posts
Posted on 12/7/17 at 1:28 pm to
quote:

the CBO


Wasn't this the agency that Obamacare based its numbers on and then about a year after it went into effect they admitted the number was wrong in retrospect and the number was considerably higher?
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/7/17 at 1:29 pm to
i'm not saying he wasn't. i'm saying that multiple things that poster said are 'undeniable' are just wrong. i know that although we totally love facts around here, because those claims went alongside trashing of obama, they were going to just go unchallenged
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/7/17 at 1:34 pm to
quote:

Wasn't this the agency that Obamacare based its numbers on and then about a year after it went into effect they admitted the number was wrong in retrospect and the number was considerably higher

what "number"? you understand they have to constantly score all kinds of shite all the time, including bills when they are formally modified, and you want to vaguely refer some error you heard they made one time? iirc they did significantly underestimate the size of the medicaid expansion in several states

then again, considering that policy had literally never been done and they had no historical data to base the estimate off of, it's pretty hard to find anyone who had better estimates

and you'll find that's the common theme with criticism of CBO and JCT- lots of complaints, but very little presentation and defense of actual alternative numbers put out there
This post was edited on 12/7/17 at 1:35 pm
Posted by Mulerider
Member since Jul 2013
1615 posts
Posted on 12/7/17 at 1:36 pm to
If Obama had done this he would be winning the Nobel Prize for Economics.

Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 12/7/17 at 1:37 pm to
Obama would have won the Econ Nobel if he ever SAID he would do this
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/7/17 at 1:38 pm to
quote:

like blaming the baker for a disgusting cake when he's provided with shite

i just think of them as basically a calculator where you have to be very clear and precise with your question
Posted by GumboPot
Member since Mar 2009
119067 posts
Posted on 12/7/17 at 1:52 pm to
quote:

complete bullshite


quote:

China’s Ministry of Finance announced that it would cut tariffs on 187 consumer products. The lower duty rate took effect on December 1, so Chinese consumers are now benefitting from more competition and lower prices. As noted in the announcement, the average tariff on the covered products will be brought down from 17.3% to 7.3%.


LINK
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/7/17 at 1:56 pm to
man you know trump didn't negotiate that shite
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 12/7/17 at 10:43 pm to
quote:

what exactly do you mean by saying the CBO "monkeyed with obama's numbers"?
whenever jobs numbers or economic numbers were posted, they were quietly revised downward after a few weeks. it happened several times. but the sheeple needed something to believe in so they bought it.

quote:

this is easily shown to be objectively wrong.
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 12/7/17 at 10:45 pm to
i'm amazed the people actually believe obama did a good job economically. it's astounding. but at the same time, they acknowledge that he sucked by trying to blame bush. well, which is it? igits

it just ignores the obvious. he didn't have business friendly policies and consequently, business wasn't good. trump has been much the opposite and guess what? business is optimistic. it's just not rocket science. get the govt out of the way.
This post was edited on 12/7/17 at 10:53 pm
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 12/9/17 at 3:13 pm to
90, where did you go? i was hoping for more condescension from you. i'm sure you can explain how the graph is wrong.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/9/17 at 3:25 pm to
quote:

90, where did you go? i was hoping for more condescension from you. i'm sure you can explain how the graph is wrong.

you poor thing- you don't seem to understand that the graph you posted doesn't even support your assertion.

i quoted and bolded that assertion in an earlier post- here, i'll even link it direct for you.

are you sure you want more condescension? you've made it easy, so we can do that. your call.

would you like:
- to figure out why you were wrong on your own
- a hint
- to stop further embarrassing yourself by bumping this thread

i'm indifferent between the three

re the CBO: i've already told you directly that CBO doesn't have any say at all over economic numbers, so your claim about them revising them is just laughably wrong. go ahead and double down on that one if you like.
This post was edited on 12/9/17 at 3:28 pm
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 12/9/17 at 3:52 pm to
ok. so you're going to be a special kind of stubborn. here's more on the graph

gdp

This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)

i mistakenly said cbo when i meant bls and those numbers were routinely revised. so, the point still stands and you defending obama's economic legacy is a losing proposition despite your comical condescension
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/9/17 at 4:03 pm to
quote:

i mistakenly said cbo when i meant bls and those numbers were routinely revised.

bls doesn't do shite with gdp numbers either

but that's beside the point you're trying to claim about the numbers being "monkeyed with", which you have provided no evidence of, and have no evidence of

further, you're still trying to waffle hard on that very specific claim you made about quarterly gdp. that one you said was undeniable.
quote:

the point still stands

both points i called you on were objectively wrong, full stop
quote:

and you defending obama's economic legacy

no matter how much you wish this were true, me calling you out for posting wrong shite has nothing to do with obama. it has to do with the actual data, and the way the agencies actually work.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 12/9/17 at 4:05 pm to
quote:

there's no denying that the cbo and the wh monkeyed with obama's numbers.


thatsracist.gif
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 12/9/17 at 4:25 pm to
Obama had multiple quarters with > 3.0% increase in GDP. He never had a full year with > 3.0% increase. Always came out to average less, usually between 1.8 and 2.5%.
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 12/10/17 at 11:36 pm to
quote:

bls doesn't do shite with gdp numbers either
i wasn't talking about them changing gdp numbers. they changed jobs numbers. you know you can verify this and i'm pretty sure you are already aware of this but just being an arse

quote:

which you have provided no evidence of, and have no evidence of
sigh

#1

even npr acknowledges it

#3

#4

this just isn't hard to verify. the point is, the bls/white house would announce doctored numbers and the leftist media would run with it. then, the numbers were quietly revised downward later. fortunately, enterprising journalists weren't fooled by the monkey business. but apparently, some people were and still are.

look, i'm not laying all of the blame at obama's feet. the president has a limited, indirect effect on the economy. however, it's not hard to see that his policies were not business friendly and, what do you know, business wasn't good. it's just not a controversial point

quote:

waffle hard on that very specific claim
which i substantiated with a quote/link. i noticed that you didn't address that but continued with histrionics.

quote:

it has to do with the actual data, and the way the agencies actually work.
hopefully, this has been cleared up for you. i have a feeling you're going to be exceedingly obstinate. you seem like the kind of person who can't accept when you're wrong.
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