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Topic	Politics Containment Topic 259: Raucous Caucus Robots
xp1337 01/20/20 9:37:56 PM #445:	HeroDelTiempo17 posted... I don't think the numbers Trump is talking about are fake - but they're pretty minor changes that he has a history of exaggerating and attempting to claim credit for. Which is hard to tell anyways since we're still kinda recovering from the great recession. No, no, that's not what I meant. Okay, I'll back up and explain it a bit more detail since it seems I wasn't clear enough. Back during the campaign (and I'd say more generally beyond it but let's stick with 2015-2016) unemployment numbers under Obama were good and trending in the right direction. But rather than just go "well the data shows things are moving in the right direction, it'd be a losing argument to try and argue the economy is going poorly" Trump and the GOP chose to argue that the released unemployment and jobs number gave a false impression of the economy and that unemployment was in reality much higher under Obama than the administration was portraying. See, the standard unemployment number that everyone uses is the U-3 statistic released by BLS. It's the official unemployment rate. But the GOP claimed it was a misrepresentation because it didn't count several classes of people. You'll recall arguments like "Yeah, the unemployment rate went down because people stopped looking for work!" Well, that's a stat that is also tracked by BLS where they included that category back in and factor it in. The most inclusive such category that BLS releases is the U-6 unemployment metric which is U-3+Discouraged Workers+People who are employed part-time for economic reasons+some others and other adjustments. The GOP argued that this was a more representative statistic for the economy under Obama and the reason they argued such is because by definition the U-6 stat will show a higher unemployment rate since it adds all these categories back in. Trump himself would just make up numbers but the "rational/data" argument his supporters in the GOP would use tended to revolve around the U-6 number as the "true" unemployment number. What I'm saying is that when Trump took office all that talk instantly came to a halt and he and his GOP cheerleaders have been lauding his U-3 unemployment rate as proof of his great economy. I'm not calling the U-3 number fake. It's not. It's 3.4% right now. That's historically low. What I'm saying is that Trump and the GOP are disingenuous because they claimed the U-3 statistic gave a false representation of the economy and true unemployment was much higher than the U-3 indicated when it was Obama in office. For reference, the U-6 unemployment right now is 6.7% but you don't see Republicans claiming that's the real unemployment number anymore. --- xp1337: Don't you wish there was a spell-checker that told you when you a word out? <cite>xp1337 posted [p:933248935] in Politics C... [t:78332271]...</cite> <quote>HeroDelTiempo17 posted... </cite> <quote> I don't think the numbers Trump is talking about are fake - but they're pretty minor changes that he has a history of exaggerating and attempting to claim credit for. Which is hard to tell anyways since we're still kinda recovering from the great recession.</quote>No, no, that's not what I meant. Okay, I'll back up and explain it a bit more detail since it seems I wasn't clear enough. Back during the campaign (and I'd say more generally beyond it but let's stick with 2015-2016) unemployment numbers under Obama were good and trending in the right direction. But rather than just go "well the data shows things are moving in the right direction, it'd be a losing argument to try and argue the economy is going poorly" Trump and the GOP chose to argue that the released unemployment and jobs number gave a false impression of the economy and that unemployment was in reality much higher under Obama than the administration was portraying. See, the standard unemployment number that everyone uses is the U-3 statistic released by BLS. It's the official unemployment rate. But the GOP claimed it was a misrepresentation because it didn't count several classes of people. You'll recall arguments like "Yeah, the unemployment rate went down because people stopped looking for work!" Well, that's a stat that is also tracked by BLS where they included that category back in and factor it in. The most inclusive such category that BLS releases is the U-6 unemployment metric which is U-3+Discouraged Workers+People who are employed part-time for economic reasons+some others and other adjustments. The GOP argued that this was a more representative statistic for the economy under Obama and the reason they argued such is because by definition the U-6 stat will show a higher unemployment rate since it adds all these categories back in. Trump himself would just make up numbers but the "rational/data" argument his supporters in the GOP would use tended to revolve around the U-6 number as the "true" unemployment number. What I'm saying is that when Trump took office all that talk instantly came to a halt and he and his GOP cheerleaders have been lauding his U-3 unemployment rate as proof of his great economy. I'm not calling the U-3 number fake. It's not. It's 3.4% right now. That's historically low. What I'm saying is that Trump and the GOP are disingenuous because they claimed the U-3 statistic gave a false representation of the economy and true unemployment was much higher than the U-3 indicated when it was Obama in office. For reference, the U-6 unemployment right now is 6.7% but you don't see Republicans claiming that's the real unemployment number anymore. --- xp1337: Don't you wish there was a spell-checker that told you when you a word out?</quote> ... Copied to Clipboard!
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