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Thread: Breaking: Agreement has been reached on raising the debt limit....

  1. #361
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    The U-6 number is 16.2% and with a labor force of 153 million that is over 24 million unemployed or under employed
    How does this negate Shiek's comment?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    As austerity rises, "Central Falls Becomes Second Muni Casualty of 2011" will be a same story, different name type of ordeal throughout the Obama presidency. Note that Obama and his policies have nothing to do with muni default.
    Obama and his policies? What exactly are those policies? An 800 billion stimulus that failed? Obamacare which scares the hell out of small businesses? Delegation of responsibilities? Bush is taking the blame for everything that has happened and is going to happen apparently. Good leaders can never delegate responsibility but that is what Obama is doing. It is always someone else's fault for his own failures. Name for me the economic policy Obama has that will generate positive net job growth and a strong GDP from the private sector?

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    How does this negate Shiek's comment?
    You asked me to provide numbers for u-6, I just did

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    His and Republicans policies which led to the financial meltdown. Democrats share some of the blame but not as much since they took over just 11 months before the Bush Great Recession began, there's not much they could have done had they even tried, which they didn't, to prevent the housing bubble.


    I was talking about the Bush Great Recession.

    8,000,000 jobs lost.
    Hey, I know, let's use your math of calculating the underemployed for that period and see what numbers we get, shall we?...

    Dec/2007: U6=8.8%; LF=153,936,000; Underemployed=13,546,368
    Jun/2009: U6=16.5%; LF=154,754,000; Underemployed=25,534,410

    Total underemployed during Bush's Great Recession: 11,988,042

    Wait, let's do that for Bush's first 29 months in office, ok?

    Jan/2001: U6=7.3%; LF=143,800,000; Underemployed=10,497,400
    Jun/2003: U6=10.3%; LF=147,400,000; Underemployed=15,146,768

    Total underemployed during Bush's first 29 months: 4,649,368

    How about Bush's entire administration, ok?

    Jan/2001: U6=7.3%; LF=143,800,000; Underemployed=10,497,400
    Jan/2009: U6=14%; LF=154,185,000; Underemployed=21,585,900

    Total underemployed during Bush's 8 years in office: 11,088,500
    That is your opinion, don't vote for him in 2012. As for Obama declining GDP growth every qtr since 2010 which is after the recession ended and I see no economic plan to grow the private sector and grow the economy.

    Under employed and unemployed today is over 24 million, 16.2% X 154 million

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    That is your opinion, don't vote for him in 2012. As for Obama declining GDP growth every qtr since 2010 which is after the recession ended and I see no economic plan to grow the private sector and grow the economy.
    And as you have been told a plethora of times, this was when stimulus spending/(insert your unit of time) was at it's relative maximum. There is an amazing correlation between the derivative of stimulus spending and that of economic output between the dates in question.

    Care to comment on this correlation?

    Here is a nice chart:
    Last edited by Kushinator; 08-01-11 at 06:03 PM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    What is the republican plan to grow the private sector and grow the economy?

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    And as you have been told a plethora of times, this was when stimulus spending/(insert your unit of time) was at it's relative maximum. There is an amazing correlation between the derivative of stimulus spending and that of economic output between the dates in question.

    Care to comment on this correlation?
    Which goes to show that Obama didn't generate any positive economic activity in the private sector and the only growth was from Govt. spending. I would have thought someone as intelligent as you would have figured that out

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    Re: Obama: We have a deal

    Quote Originally Posted by AdamT View Post
    What is the republican plan to grow the private sector and grow the economy?
    Cut corporate tax rates, provide healthcare waivers to all businesses for Obamacare, reduce inheritence taxes, and extend indefinitely the Bush tax cuts

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    You asked me to provide numbers for u-6, I just did
    Under the context of your rebuttal to Sheik. Try again!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Which goes to show that Obama didn't generate any positive economic activity in the private sector and the only growth was from Govt. spending. I would have thought someone as intelligent as you would have figured that out
    The president does not generate economic activity from the private sector; this must be understood before you go any step further.

    Why no comment on the stimulus correlation to growth?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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