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Thread: Employers add no net jobs in Aug.; rate unchanged

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by phattonez View Post
    But this keeps capital in industries where it should not be kept. Like in construction. We can't ignore a distorted structure of production. Capital needs to be used where it is most efficient, and government expenditures necessarily make it less efficient.
    And I wanted to expand on this. This new spending will either be paid for with new taxes, loans, or inflation.

    New taxes - money will instead be used on things that consumers did not demand, and less money will be available for investment than was previously available, hindering expansion.

    Loans - available supply of capital decreases.

    Inflation - those who receive the new money last have essentially been stolen from, and the things that they would have spent money on are instead spent on the things that others wanted. Malinvestment is introduced, and the supply of capital decreases.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by phattonez View Post
    Which with time will be a boon for the economy, but the debt is still not gone.
    Of course the debt ist still their and will be untill Greece defaults or is able to pay it down. The most likely situation is default
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Lord Tammerlain View Post
    Of course the debt ist still their and will be untill Greece defaults or is able to pay it down. The most likely situation is default
    It would be the fastest way for the reality of the situation to be realized.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Michael H View Post
    Well I'm in good company ... Paul Krugman is just as confused as me.



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    On pages 131-133 of their report, the GAO provided two tables listing the largest borrowing institutions under the emergency programs. They are ranked in the first table by the total borrowed amount irrespective of maturity length, and in the second table adjusting for the term of the borrowing. Some loans were for relatively brief intervals, even overnight, and others for longer time frames. Both perspectives are valuable, but the amounts adjusted for borrowing terms tend to do a better job of capturing a comparable read on the simple magnitude of lending. Total borrowing on this basis totaled $1.1 trillion, according to the GAO’s “Table 9,” while two-thirds of the 15 largest institutions listed were from outside the United States.


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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Lord Tammerlain View Post
    Of course the debt ist still their and will be untill Greece defaults or is able to pay it down. The most likely situation is default
    What, they're not going to stop the default?
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Umm, you can legally kill someone if they are a mortal threat to you; the same way the state can legally execute a murderer as they are a threat to society.
    Which in no way negates what I said.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    Would it interest you that the very company that downgraded us, is currently rating sub-prime mortgaged backed securities as AAA?

    AllGov - News - S&P Gives Higher Rating to Sub-Prime Mortgages than to U.S. Bonds
    Just incredible that anyone cares what they say any longer.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by obvious Child View Post
    That doesn't actually address my point. You seriously gloss over multipliers as if they do not exist. Sure government spends money in bad ways, but that money gets pushed down to consumers who then spend the money themselves.
    Who then must pay back this money the government spent poorly and decreasing their buying power.

    True, over the long term assuming there is private sector demand to pick up the pieces over time. But Conservative has this asinine notion that swift cuts now will produce swift growth now. That is 100% certified crazy.
    I've not seen anyone argue that.

    Not necessarily. Greece still has a debt crisis for a number of reasons. They've cut enough. The bigger question is exports. The irony of Greece is that their debt issue largely stems from the government backing private loans to increase the size of Greece businesses to do exactly that. In the drive to build up Greek Commerce, they dug their own graves. It's a pity that government services are being axed to pay for the failure of Greece business.
    Which in part is what we are doing and the vast majority of people supported it.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post

    Which in no way negates what I said.
    I believe it does. You are trying to establish a case where you can't legally kill someone who is not a threat to you but the state can. Barring a judicial disaster (which is another topic of discussion), the state does not execute innocent people, it kills people it deems are a threat to society.
    Last edited by Sheik Yerbuti; 09-09-11 at 09:37 AM.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    I believe it does. You are trying to establish a case where you can't legally kill someone who is not a threat to you but the state can. Barring a judicial disaster (which is another topic of discussion), the state does not execute innocent people, it kills people it deems are a threat to society.
    I'm not going to do this all day. McVeigh was killed for revenge. He was no threat to anyone any longer. The government would have killed Manson for revenge. He's harmed no one since being incarcerated.

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