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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (122709)	10/5/2012 10:55:20 AM
From: tejek	Respond to of 149317

Jobless rate drops to 7.8 percent; economy adds 114,000 jobs By Vicki Needham - 10/05/12 10:28 AM ET The unemployment rate dipped below 8 percent in September, to 7.8 percent, shaking up estimations of the presidential race and providing welcome news for President Obama just a month before Election Day. The economy added only 114,00 jobs, yet the unemployment rate still dropped from 8.1 percent to 7.8. Total employment rose by 873,000 in September, a significant jump that could help explain the drop in the unemployment rate. The report revised figures up in July and August, and it showed more people are now entering the workforce. This is also the first report to be released since the Bureau of Labor Statistics announced it had undercounted employment for the previous year by 386,000. September's is the penultimate report before the presidential election, and the unemployment rate is now lower than when Obama entered office. No incumbent president has won reelection with an unemployment rate above 8 percent since President Franklin Roosevelt. read more................. thehill.com

To: Sr K who wrote (122709)	10/5/2012 12:26:26 PM
From: RetiredNow	Respond to of 149317

Today's stock market is not a leading indicator, because the Fed has destroyed all price discovery value of the stock market. If you don't understand what I just said, you need to go brush up on your Keynes and Hayek. Both believed in the predictive power of price discovery and the stock markets and both believed that monetary action by the Fed served to massively distort price discovery and the predictive power. So you are wrong on this and I've posted that to you before.