In response to:

Unemployment Rate Drops to 7.7 Percent

Henry VIII Wrote: Dec 07, 2012 1:24 PM
nodeamass Wrote: 1 minute ago (1:19 PM) FDR brought the nation out of the great depression with Keynesian policies. When medicine works, use it. Nodeasse you moron twit....FDR did not bring the economy out of the depression, he created the Great Depression. Unemployment averaged 17 percent from 1929 (under Hoover) through 1941. In 1937 there was a depression within a depression. Wage and price controls did not produce anything but more unemployment and no growth.
nodeamass Wrote: Dec 07, 2012 1:28 PM
The 1937 'depression' occurred when FDR reversed his Keynesian policies. FDR quickly saw the results, a drop in GDP, then went back to Keynsianism in 1938 and after. WW2 is the BEST example for a Keynesian driven economy, military Keynseianism:
JasonCharleston Wrote: Dec 07, 2012 1:27 PM

You can tax things at 90% when all of the factories in the world are blown up. You can't do that if they aren't. So if nodeamas wants to bomb China and Europe back to the stone age I say let's give it a try.

New numbers from the Bureau of Labor Statistics show the unemployment rate has dropped from 7.9 percent to 7.7 percent.

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and healthcare.

Economists had predicted the unemployment rate would go up as a result of Hurricane Sandy. BLS said the storm didn't have a large impact on the new statistics.

Hurricane Sandy made landfall on the Northeast coast...