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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 Goldenboy219 View Post
    It's more of a "don't throw stones when your house is made of glass" thing.
    I think the country ( and this site) would be better if we did more looking forward, while understanding our past than debating who is worse Bush or Obama. Both pretty bad in my view.

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

    Quote Originally Posted by Conservative View Post
    You telling me that politicians controlling 3.7 trillion dollars of our money don't impact the private sector? Policy affects incentive and private sector growth thus job creation and when you have the power of the purse that is huge control.
    Not as much as you like to think. They do not control the private sector and can only have limited effect. Business is not sitting around waiting for government to incentize them. They actually have plenty of incentive no matter what government does. You believe too much in the power of government and seem to what them to have the control more oppressive governments have.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    You're right that it won't treat bush well. Like not Obama either overall. But too many forget Bush's role in things. If we accept Bush played a role, I think we can move on from there.

    I think that just as soon as Obama and his sycophantic followers start dealing with the reality that the past 2 1/2 years have been a series of failed policies of the Obama administration, then and only then could you have a reasonable conversation as to the problems. But as long as you have the utterly laughable that failure seen today are the result of a past administration all the way out to include the entire first term as though Obama did nothing to massively balloon debt, and drive business into a hunker down situation through bypassing congressional authority in regulation, then you are not being honest at all.

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

    Quote Originally Posted by washunut View Post
    Well the weak dollar policy we are following will over time drive people to want to hold less dollars.
    The short term weakness of the dollar is more indicative of our current account imbalance. In terms of consumption, a weaker dollar should only impact exports....

    If we had a policy to harness our natural gas and shale oil that would greatly decrease the dollars we pay for energy.
    U.S. productive capacity of petro and natural gas is simply incapable of bringing the price down. Daily oil consumption (in the U.S.) as a function of time is on a downward slope where as the emerging world is continuing to demand more and more global supply.

    We could attempt to give some sort of benefit to companies that onshore versus offshore their manufacturing.
    Do you believe that similar "beggar-thy-neighbor" tax policies will not arise from nations that have a heavy U.S. manufacturing presence?

    The Fed with with QEs seem to be trying to backdoor inflation and you may see a new target. Something I have read talked about nominal GDP or NGDP targeting. So if that target stays in the 5-6% range, and growth is downgraded to an expected rate of 1.5% then the Fed would target inflation of 3.5-4.5%. Their current target being about 2%.
    Targeting inflation at 4% instead of 2% will surely lead to an increase in inflation expectations. The question remains how do we recognize a specific target when the overnight Fed Funds rate trades below the target? Strictly speaking, what more can the monetary authorities do given that a great deal of their ammunition is used up?
    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: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by washunut View Post
    I think the country ( and this site) would be better if we did more looking forward, while understanding our past than debating who is worse Bush or Obama. Both pretty bad in my view.
    Agreed.

    However, given that Conservative attempts to convert every discussion he engages into an "Obama is horrible" thread, to expect anything different is simply naive.
    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: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Boo Radley View Post
    Not as much as you like to think. They do not control the private sector and can only have limited effect. Business is not sitting around waiting for government to incentize them. They actually have plenty of incentive no matter what government does. You believe too much in the power of government and seem to what them to have the control more oppressive governments have.
    Control is a strong word although what do you think Federal Regulations do? When you talk about business you ignore the 80% of small businesses that create most of the employment and are influenced greatly by regulations and tax policy.

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

    Quote Originally Posted by Goldenboy219 View Post
    Agreed.

    However, given that Conservative attempts to convert every discussion he engages into an "Obama is horrible" thread, to expect anything different is simply naive.
    Or you could break his argument.

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

    Quote Originally Posted by Goldenboy219 View Post
    Agreed.

    However, given that Conservative attempts to convert every discussion he engages into an "Obama is horrible" thread, to expect anything different is simply naive.
    Unlike many here results matter a lot more than rhetoric. Obama is horrible is a given but not unexpected by those who look at his resume. The economic policies of this Adminstration continue to promote the nanny state and who pays for that?

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

    Quote Originally Posted by j-mac View Post
    Or you could break his argument.

    j-mac
    Break his argument? Repeating yourself until you are blue in the face is not an argument nor can it be considered productive to the discussion.
    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: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Break his argument? Repeating yourself until you are blue in the face is not an argument nor can it be considered productive to the discussion.
    Unfortunately for the Obama minions posting results aren't trumped by feelings and rhetoric

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