If you claim to know as much about economics as you say
Whoa, I did note that I studied macroeconomics in graduate school, but I'm sure I didn't say that "I know so much about it." I
never do that.
>>we could do an entire thread on what economic outcomes resulted from slavery.
Yeah sure, makes sense.
>>You are making a crappy argument by drawing parallels with illegal immigration and slavery
Am I? Why is that?
>>the two are not similar in outcomes and you know it.
Well, as I said, I don't "know so much about economics." Perhaps you could educate me about how the impact of one population of low-wage workers is so dramatically different than another.
For three hundred years, slave labor provided a competitive advantage to the US internationally that generated tremendous wealth, which in turn created dramatically improved employment opportunities to the non-slave population. Is it so completely unwarranted to anticipate that low-wage, non-native workers provide a similar benefit to our native-born population here in the twenty-first century?
>>I never claimed illegal immigrants are good for nothing, so yet another straw man implying an argument I never made.
Again, I never said that you did. Yer misinterpreting me, and I hope my explanation above clears that up.
>>Your entire argument is that the media is being biased that the job market is not as strong as government sources indicate it is.
No, that is not my argument at all. I'm saying that Fox News, which I believe is both an embarrassment to and a very destructive influence on America, has a firmly established and omnipresent policy of advancing the most outrageous lies about the condition of the economy and a lot of other things as well.
I saw one of its senior business analysts just last week declaring with great enthusiasm that "Americans are
supposed to hate the government. That's what this country was
built on." Others in the right-wing "hate industry" have picked up on surveys showing a high level of dissatisfaction with the way the federal gubmint has been operating lately and joyfully describe that as "hate." See, e.g., this piece on ZipHedge:
Americans Really, Really Hate The Government. The Zips are another collection of filthy, stinkin' liars who urinate on the American flag and the graves of our veterans KIA to advance their scummy, anti-democratic message.
>>That indicates a pro government stance.
Yes, I support the government of the United States, which, in my mind, is the
people of the United States. My dad risked his life in the Pacific to defend this government and its citizens, and fwiw I'd like to get my hands around the throats of these smarmy sluts who put themselves forward as super-Christian defenders of our national traditions, all the while encouraging their gullible audiences to arm themselves and stock up on dried goods cuz the commie Muslim faggots are comin' for their children.
>>If you are in fact, merely taking issue with the reporting being used, well, you have yet to supply good contradiction of their argument.
Really? I'd say I presented clear and undeniable evidence that U-3 is down because of fourteen million full-time, private-sector jobs being added in the past six years, and not because 265K more Americans say they want a job but have given up looking. Perhaps yer correct that my estimation of my understanding of macroeconomics and labor markets in particular is seriously deficient.
Well, OpportunityCost says it's reporting. I call it shameless and very easily refuted lying.
>>The fact is we have full employment and a lousy economy. There are opinions about why that is and that is hers.
I can't say if Petallides thinks the economy is lousy or not, and if she thinks it's lousy, I can't say why she thinks it is. I
do know that her claim regarding why U-3 has been cut in half in recent years is a ridiculous load of crap.
>>My own opinion is that the full employment involves too many poor paying jobs.
I agree that we have a serious problem with too many low-wage jobs. That's why I support a staged increase in the minimum wage to $10.10/hr.
>>Part of the reason for that is that U.S. workers now have to compete with workers in other countries thanks to the depth with which we have embraced in economic internationalism.
I agree. Of course, we need to remember that that same competition provides consumers with lower prices.
>>To me these aren't political issues.
Why is that?
>>The national economy isn't within the president's control.
I'd say the institutions of gubmint have a substantial influence on our economic performance.