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Saturday, February 6, 2010

Was This On Slog Yesterday?

Posted by on Sat, Feb 6, 2010 at 11:42 AM

Via TPM:

docpage-recoverystats1.jpg

The red bars are the accelerating rate of job loss during President Bush's last year in office; the blue bars are the decelerating rate of job loss during President Obama's first year of office.

 

Comments (44) RSS

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Baconcat 1
Yeah, but we're all a bunch of socialists now so it doesn't matter.
Posted by Baconcat on February 6, 2010 at 10:06 AM
gloomy gus 2
This is a great graphic, and I hope they use it well to fight the assholes. And I hope the assholes don't look too closely at the BLS definitions that went into this thing. Fingers crossed.
Posted by gloomy gus on February 6, 2010 at 10:09 AM
3
This makes me feel so much better.
Posted by idaho on February 6, 2010 at 10:11 AM
theophrastus 4
The 'y' axis label says "JOBS LOST", and most of the chart shows a negative "JOBS LOST", so we must have been doing rather well in the middle and things are now getting worse? (yes yes... i'm being pedantic, but charts are my thing y'see)
Posted by theophrastus on February 6, 2010 at 10:14 AM
5

Labor is the new capital.

Jobs Boom in 2010
Posted by Sleezebum on February 6, 2010 at 10:17 AM
Rowlf 6
that would make a great tee-shirt
Posted by Rowlf on February 6, 2010 at 10:18 AM
7
This graph matches my mood from increasing dispair to increasing optimism.
Posted by Increasingly Happy on February 6, 2010 at 10:46 AM
dnt trust me 8
@6
yeah, that's what the world needs - more t-shirts. a meeting about Slog webdesign, promotion, ad sales, ad nauseum are much more productive than discussing topics. Money rules conversation, subject matter is scary.
Posted by dnt trust me on February 6, 2010 at 10:49 AM
Fifty-Two-Eighty 9
Well, it's pretty hard to lose your job when you're already out of work.
Posted by Fifty-Two-Eighty http://www.nra.org on February 6, 2010 at 10:53 AM
MR. Language Person 10
Well, fine, and I hated Bush, but that is still misleading. Job losses had to decelerate.
Example: You lose 10% of your cash every day. You start with $100.
Tomorrow you have $90 (loss of $10).
Day 2 $81 (loss of $9)
Day 3 $72.90 (loss of $8.10)
Day 4 $65.61 (loss of $7.29)
Day 5 $59.05 (loss of $6.56)
etc. Just because you're losing less quantitatively everyday doesn't mean you lose any less proportionally. It doesn't make the situation any better. It may be a condition necessary for improvement, but that doesn't mean POTUS is doing anything right or well.

And there had to be some sort of floor. No one thought we would lose EVERY job, so a slowdown was inevitable. The question is how long before the number of jobs goes up, not stops losing.
Posted by MR. Language Person on February 6, 2010 at 10:54 AM
11
Sorry not a job boom.

What this chart shows is that jobs are still being lost just at a decreased rate, in fact the total amount of lost jobs is still increasing logarithmic rate. The data has been presented to look like the amount of lost jobs are decreasing when they are increasing. In short shoddy math.

Decrease in the rate of job loss does not recovery make, this chart shows we are going further into recession. The large layoff from huge companies have been made however jobs continue to disappear as smaller companies close or lay off employees. The giants of have fallen, or more truthfully they have propped up with taxpayer dollars, now the middle class faces the brunt of the burden. Smaller business continues to collapse and will not get the privilege of getting bailed out.

learn2math/economics
Posted by cascadian bacon on February 6, 2010 at 10:56 AM
12
T-shirt companies will require new employees! Rebound here we come!
Posted by Jonathank5 on February 6, 2010 at 10:56 AM
13
@ 10

Absolutely correct.
Posted by cascadian bacon on February 6, 2010 at 10:58 AM
dnt trust me 14
12 -touché or some stupid online speak
Back to my life. See ya next week.
Posted by dnt trust me on February 6, 2010 at 10:59 AM
hartiepie 15
@4 and 10 --- Stop muddying things up with facts and logic.

People hate that kind of thing.... http://thecaucus.blogs.nytimes.com/2010/…
Posted by hartiepie on February 6, 2010 at 10:59 AM
mrbombit 16
Wow. You guys are as bad as MSNBC. Why not put all of Bush's years in office? Their was kinda a global recession the last year of Bush's Presidency. Wtf. I hate Bush as much as the rest guy, but why does the slog and MSNBC loving(Because they are the only ones that will put dan on tv) Dan Savage have to be so damn partisan. Look Obama is doing a bad job. He has lots of time to get it together.There is no need to start bush bashing just to divert attention.
Posted by mrbombit on February 6, 2010 at 11:13 AM
17
@4 and 10-

So whats your point? You wish Bush was still in office so we could keep up his trend of losing jobs at an increasingly accelerated rate? You are angry that the Obama administration has slowed it down in the first year?
Posted by JesseJB on February 6, 2010 at 11:15 AM
18
@11

I'm afraid it is -you- that ought to learn2math given that your use of the term 'logarithmic' is woefully incorrect. The original graph does not depict the first derivative of any reasonably plain logarithmic function.
Posted by Your uncle's proctologist on February 6, 2010 at 11:19 AM
rob! 19
I would still personally pay to tattoo that backwards on the forehead of the primary Slog troll so s/he/it sees it in the mirror every morning.

And since job loss is a lagging indicator, Bush owns the entire fucking thing.
Posted by rob! http://www.youtube.com/watch?v=QZBdUceCL5U on February 6, 2010 at 11:20 AM
balderdash 20
"Look, we picked one metric out of literally millions and according to that, we're saving the world!"

Call me when medically preventable deaths start falling, or we start meaningfully withdrawing troops from occupied nations, or we start significantly reducing greenhouse gas emissions. So far this administration has been about three-quarters disappointing and one-quarter infuriating.
Posted by balderdash http://introverse.blogspot.com on February 6, 2010 at 11:38 AM
venomlash 21
Nobody said that we're doing well; we're on a path to recovery.

It's like if a cancer patient's tumor's size has been increasing monotonically, but at continually lower rates of growth. The tumor may still be growing, but the fact that it's slowing down is a good sign.
Posted by venomlash on February 6, 2010 at 11:42 AM
22
@16
It is not bush-bashing when it is the truth there skippy. But please go back to watching fox. I am sure you just missed glen "baby huey" beck crying about some impeding doom that he thinks is caused by Obama.
Posted by Senor Guy on February 6, 2010 at 12:09 PM
hartiepie 23
@16 That's pretty whiny considering Bush got us into this mess.

And the title"America is on a path to recovery." The chart doesn't show THAT.

The imprecision is irksome especially since charts and quatification's primary purose is to convey information.

And for those of you who seem to only have two modes ever available at your fingertips, life has much more nuance than binary choices (Hate Bush: Love Obabma; we are failing: we are winning; If you have views like mine that's great; if you don't you suck).

Politicians LOVE that stupid shallow thinking.
Posted by hartiepie on February 6, 2010 at 12:18 PM
lark 24
Dan,
I don't the data on the graph. But blaming Bush doesn't solve the problem. Check this out:

http://www.economist.com/world/united-st…

It's a jobless recovery. Pres. Obama has his hands full. Until we become a producer a la China, the economic situation will remain bleak.
Posted by lark on February 6, 2010 at 12:32 PM
kk in seattle 25
According to Sloggers, it would have been so much better to just keep losing more and more jobs each month, since losing fewer and fewer jobs each month is not a recovery, a path to recovery, something for which Obama's policies have been responsible, or really good in any form whatsoever. In fact, it appears to be a colossal failure, and we would have been so much better off under McCain.
Posted by kk in seattle on February 6, 2010 at 12:52 PM
26
19

what if you tattoo this on your forehead, skippy:

8,400,000

don't leave off any of the zeros...

that's 8.4 Million, btw.

That's how many Americans have lost their job during the Obama Good Times.....
Posted by I thought Obama would be better. I bet you did, too. on February 6, 2010 at 1:14 PM
27
But Obama did save some jobs, according to his administration-

the Stimulus kept a million more people from losing their jobs.
(according to his administration)

remember, the Stimulus.
$800 Billion borrowed from China.
that our Grandchildren will have to pay back.

$800 Billion.
1 million jobs not lost (not new jobs, mind you, just not lost...)
(according to his administration...)

That's $800,000 per "saved" job.
for one year.

Obamanomics.
America can't afford it.
Posted by Dan can use that in a column, if he wants.... on February 6, 2010 at 1:19 PM
28
It is sooo precious when Dan delves into real news.
Precious in an awkwardly embarrassing 'listening to a 5 year old's piano recital' sort of way...
ESPECIALLY when the topic is economics.
Dan may not know numbers from his Ass but his heart is in the right place;
for example-

One of the Stranger interns
brought Dan a news clipping;
"two Brazilian homosexuals were killed
in a hate crime yesterday, Dan..." the intern said.

Dan grew ashen, paused,
slowly lowered his forehead to the table...

"This is horrible.
just horrible..." he weakly mumbled.

His head popped up-
"just how many is a Brazilian, anyway?
Is that, like, more than a Gazillion?..."
Posted by True Story. on February 6, 2010 at 1:28 PM
29
@28: First heard that joke when President Bush was in office. Something about the weakening Brazilian Dollar.
Posted by Get Some New Material on February 6, 2010 at 2:17 PM
Cory 30
I don't know about the 'jobs had to decelerate' example. We could've just marched right into a depression instead of trekking out of a bad recession.

I too think the chart would make a good t-shirt, though I don't know I'd be enough of an asshole to actually wear it hahaha.
Posted by Cory on February 6, 2010 at 2:27 PM
31
18
you area correct the graph is question is not the 1st derivitive of a logarithmic function, if anything the function cubic.
The point is data has been presented in a scewed manner to givv the false perception that job loss is decreasing when it is in fact increasing.
Posted by Cascadian Bacon on February 6, 2010 at 2:27 PM
32
30
The amount of job loss must decelerate as there is only a finite amount of that can be lost.
Posted by Cascadian Bacon on February 6, 2010 at 2:30 PM
i'm pro-science and i vote 33
Very amusing, huh. The fall '08 and winter '09 bailouts should have never been necessary and sorely lacked strict preconditions for the banks and financial institutions bailed out.
But if the blood-lusting teabaggers had their way (CNN has given them quite the platform all week long) there would have been no bailouts, our economy would have fallen to pieces in fall '08, we'd have martial law, civil war, an impenetrable shadow government operating out of secret bunkers, and the global economy probably would have collapsed too.

I STILL would have preferred seeing the lower and middle classes receiving the bailouts. Tens of thousands for each American. No question at all we'd spend, as opposed to squirrel away, that money
Posted by i'm pro-science and i vote http://home.comcast.net/~theyellowdog/joerepublican.htm on February 6, 2010 at 3:21 PM
Sargon Bighorn 34
The victim has finally bled to death.
Posted by Sargon Bighorn on February 6, 2010 at 4:14 PM
Simone 35
I like the t-shirt idea.
Posted by Simone on February 6, 2010 at 4:48 PM
mrbombit 36
@23. Yes Bush got us into this. However, how the hell does pointing that out get us through it? Where is the chart showing the wasted money on the stimulus that CNN,ABC,CBS,FOX, NBC, etc reported?

And @ 16. Hey skippy. Who said anything about me watching Fox? I guess it is easier for you to put me in that box, instead of considering I AM A FUCKING DEMOCRAT that watches every news outlet I can(PhD Poly Sci jackass). MSNBC and FOX both are perpetuating bipartisanship(the same as the above chart) that prevents us from getting any meaningful legislation through Congress. Stick to the issues. OUR president is diverting attention and not fixing our problems. When I and others have a plentiful job market to go into, I will reflect on Bush's presidency. Until then it is just bullshit diversionary tactics meant to distract us away from a failing health-care bill and an ever increasing(or sometimes erratic) unemployment rate.
Posted by mrbombit on February 6, 2010 at 6:14 PM
MR. Language Person 37
@ 17, 25 etc.
I'm not saying Bush is better. I voted for Obama. I'm not saying a depression was impossible. But almost any administration could be in the same spot as we are now. I'm saying that this kind of bullshit is the kind of crap promulgated by idiots claiming "their side" is right. It's statistics without any analysis. It's like Fox saying "some people say..." It's giving shallow minds a reason to believe horse shit. All Obama had to do to "slow" job loss by this metric was to not go on tv with his thumb up his ass.
I'm not saying what he did was wrong, but this type of comparison, "Look, Obama is doing better than Bush at the recession!" is like giving your wing-man empty shells. It's not good ammunition in a debate. In fact, it's worse than that. It's just stupid.
Finally, job losses at the current rate by raw numbers was exceedingly unlikely (and long-term impossible). It had to slow eventually.
Posted by MR. Language Person on February 6, 2010 at 7:09 PM
venomlash 38
@31: How is the function cubic? I see a local minimum, with no suggestion of minima or maxima anywhere else. How has the data been skewed "to givv the false perception that job loss is decreasing when it is in fact increasing"? Unless the data is falsified (which I find hard to believe), the rate of change of jobs is clearly decreasing heavily under Bush's last year, reaching its minimum around the time Obama took office. The rate of change then steadily (not monotonically, but steadily) increases until the present, where it is varying somewhere slightly below the zero line. How the fuck does that mean that jobs are now being lost even faster than before?

Know who you're trying to pull one over on, cascadianbacon. Something ain't kosher with what you wrote.
Posted by venomlash on February 6, 2010 at 9:08 PM
Will in Seattle 39
Look, it's not easy selling cool t-shirts retail.

Just look at the employees on Jersey Shore ...

So if Obama can help small businesses sell t-shirts - hey, at least people are buying something.
Posted by Will in Seattle http://www.facebook.com/WillSeattle on February 6, 2010 at 11:33 PM
40
38
calm down, venom-
you're pulling one over on yourself.

Cascadian Bacon is talking about Job Loss, which continues to get greater/worse each month as more people lose jobs and the economy loses more jobs than it creates.
Job Loss is bad.

The graph singles out the rate of job loss and presents that without representing the cumulative amount of jobs lost (8.4 million so far and growing more every day, btw) to create the impression that things are (dramatically) getting better, when, in fact, they are continuing to get worse.

Dan might not be expected to catch that fine point, being a community college drop-out who has chosen to limit his intellectual development to buttsex and nonmonogamy, and who naturally would see the graph and just think, "ooooh! pretty colors..."

But you, a brilliant True Scholar college boy from The Univershitty of Shitcago, should know better.
Posted by ... and now you do. You're Welcome. on February 7, 2010 at 5:15 AM
venomlash 41
@40: Dude; did you read a single word I wrote? The fact that FEWER jobs are being lost is a good sign; it suggests that quite soon we might get to a place where we are GAINING rather than losing jobs. The fact that the rate of job loss has slowed so substantially (thanks in no small part to Obama's stimulus package) is a sign of good things to come. Job loss is actually getting better in that it's slowing down. The graph doesn't say that things are good (i.e., unemployment going down), it just demonstrates that they're LESS BAD.
And cascadianbacon is a moron who pretends to know things about math but can't recognize when a trend is roughly logarithmic or not. You somehow make yourself even dumber when you try to back him up, you leotard.

Do you even think about what comes out of your mouth?
Posted by venomlash on February 7, 2010 at 9:24 AM
42
41
Actually I am able to type without hanging my mouth open (or even moving my lips!). Try it sometime.
Posted by Cubic Function on February 7, 2010 at 11:18 AM
venomlash 43
@42: And yet you are incapable of understanding a figure of speech. No cookie for you; bad troll!
Posted by venomlash on February 7, 2010 at 1:03 PM
44
@23 Let's be honest, Bush had a lot help starting with the Fed'S easy money policies, the democrats in Congress who were pushing home ownership for everyone, greedy and unscrupolous bankers, mortgage brokers, realtors, investment bankers, ad nauseum who created the asset bubble, the republicans who opposed effective regulation, incompetent government bureaucrats, corrupt politicians in general, lobbyists
Posted by a skeptic and a cynic on February 7, 2010 at 4:11 PM

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