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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (188379)	5/6/2012 11:16:59 AM
From: Wharf Rat	Respond to of 541731

Thanks for busting that myth.

To: Dale Baker who wrote (188379)	5/6/2012 12:26:28 PM
From: Ron	Respond to of 541731

OK, I'll modify that comment about the jobless rate by removing 'considerably.' Now then, considering that 'only' 120,000 jobs were added in March (give or take 100,000- there's that much margin for error)- I'd say any administration in an election year is going to work hard to prop up the stock market. Questions? See Friday's market reaction. The amount of time Obama's people are spending touting 'jobs for veterans' shows a high level of concern. Numbers don't drive politics, perception drives politics. And if you think that's a myth, so be it. "Friday's report, only 120,000 jobs added in March, isn't on its own enough to completely outweigh the previous reports; it is, after all, only one month. But it puts a big damper on the momentum that the market's been building off the economy-improving thesis." marketwatch.com If you are wondering about that margin for error comment about the jobless rate, ask any HR professional. Half the time they throw those government forms in the trash, because they don't have time to fill them out. States derive much of their data from these, and so it goes.