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

  1. #491
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post

    Posting raw data without the proper context (or analysis) is of a knuckle-dragger's mentality. It is impossible to have a debate with someone who believes raw data, it and of itself, is a fact.
    ... or even worse, someone who selectively picks raw data between nominal and real figures, depending on which better suits his argument.

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

    Quote Originally Posted by Conservative View Post
    Done giving you citations because you ignore them. You are too frustrating to deal with but start here and use Google, it can be your true friend however in your case ones own words make you look foolish.

    Barney Frank What Housing Bubble

    There are a lot of videos posted on that link showing Barney Frank speeches. you can find the same for ACORN and Chris Dodd, Franklin Raines, Jaime Gorelick, and Tim Geithner
    Given that the housing bubble had sustained the economy for 4 to 5 years, I'm hard pressed to see that it was wrong. While GDP was being exported and the resulting current account from Asia fed low interest rates ... the financial capital was invested. Moving from 20x to 30x financial sector leverage created more risk but would not have stopped the bubble.

    Without job growth from housing starts unemployment would have increased from 2003 levels ... creating a recession. So banks increase risk to increase profits ... irrelevant to the condition of the economy as housing based on credit was not sustainable.

    Why is there no job creation? Exported GDP that supported small business. 1 manufacturing job leaves and so does the 2 to 3 jobs that it created. So exported GDP supports increased corporate profits and cheap goods. Exported GDP will not support the consumption needed for small business growth. 70% of the economy is driven by consumption.
    If everyone is thinking alike, then somebody isn't thinking. Patton
    New opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke

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

    Quote Originally Posted by Sheik Yerbuti View Post
    ... or even worse, someone who selectively picks raw data between nominal and real figures, depending on which better suits his argument.
    Nothing wrong with data ... it's the source and avoiding partisanship. Without data we would be in the dark and could grow like mushrooms.
    If everyone is thinking alike, then somebody isn't thinking. Patton
    New opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke

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

    Quote Originally Posted by Conservative View Post

    Done giving you citations because you ignore them. You are too frustrating to deal with but start here and use Google, it can be your true friend however in your case ones own words make you look foolish.

    Barney Frank What Housing Bubble

    There are a lot of videos posted on that link showing Barney Frank speeches. you can find the same for ACORN and Chris Dodd, Franklin Raines, Jaime Gorelick, and Tim Geithner
    I'm not ignoring your citations, I'm laughing at them. You are under the delusion that Barney Frank single-handedly shut down the Republican-led majority House and prevented Republicans from passing oversight.

    Did Frank prevent H.R.1461 from passing in the House in 2005 (the same year as the video you posted)? Yes or no?

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

    Quote Originally Posted by Michael H View Post
    Given that the housing bubble had sustained the economy for 4 to 5 years, I'm hard pressed to see that it was wrong. While GDP was being exported and the resulting current account from Asia fed low interest rates ... the financial capital was invested. Moving from 20x to 30x financial sector leverage created more risk but would not have stopped the bubble.
    High savings rates of Asian nations create a specific demand for dollar denominated debt; especially if this debt is unlikely to be defaulted on. Having a negative current account does not necessarily equate to a sub-optimal level of output. Given that capital and labor is essentially fixed in the short term, i see little benefit of having the U.S. embark on producing labor intensive products at the expense of more advanced technologies.

    Exported GDP that supported small business
    How much more productive would small businesses be if they had to pay higher costs for American made goods? How much more productive would small businesses be if they produced labor intensive low grade consumable goods such as plastic cups instead of alloy casts for the production of jet engines?

    manufacturing job leaves and so does the 2 to 3 jobs that it created. So exported GDP supports increased corporate profits and cheap goods. Exported GDP will not support the consumption needed for small business growth. 70% of the economy is driven by consumption.
    Understand how economic specialization ended the mercantilism nonsense you've posted above and why we as a nation have a higher stander of living because of it. For starters, i suggest David Ricardo.
    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 Sheik Yerbuti View Post

    ... or even worse, someone who selectively picks raw data between nominal and real figures, depending on which better suits his argument.

    Quote Originally Posted by Michael H View Post

    Nothing wrong with data ... it's the source and avoiding partisanship. Without data we would be in the dark and could grow like mushrooms.
    You're new here; stick around long enough and you'll see what I mean.

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

    For those who are debating job creation between Bush and Obama. Irrelevant, one ... Bush had an economy Fed by credit based housing starts. The other Obama had no housing start economy or the manufacturing base which was exported.

    Bush ... manufacturing being exported ... many housing starts.

    Obama ... manufacturing exported ... few housing starts.

    The was no financial genius in either of these men's policy.

    The whole morass was created by Clinton, who gets a shiny star for jobs created and a fair budget plan, yet no credit for exporting GDP ... NAFTA 94, WTO 95, China PNTR 2000
    If everyone is thinking alike, then somebody isn't thinking. Patton
    New opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke

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

    Quote Originally Posted by Sheik Yerbuti View Post
    You're new here; stick around long enough and you'll see what I mean.
    I hope to see nonsense data ... it will have a bullseye on it.
    If everyone is thinking alike, then somebody isn't thinking. Patton
    New opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke

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

    Quote Originally Posted by Goldenboy219 View Post
    High savings rates of Asian nations create a specific demand for dollar denominated debt; especially if this debt is unlikely to be defaulted on. Having a negative current account does not necessarily equate to a sub-optimal level of output. Given that capital and labor is essentially fixed in the short term, i see little benefit of having the U.S. embark on producing labor intensive products at the expense of more advanced technologies.




    How much more productive would small businesses be if they had to pay higher costs for American made goods? How much more productive would small businesses be if they produced labor intensive low grade consumable goods such as plastic cups instead of alloy casts for the production of jet engines?



    Understand how economic specialization ended the mercantilism nonsense you've posted above and why we as a nation have a higher stander of living because of it. For starters, i suggest David Ricardo.
    Comparative advantage? Why would I read something that doesn't work with globalism ... I suggest you refer to global labor arbitrage.
    If everyone is thinking alike, then somebody isn't thinking. Patton
    New opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke

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

    Quote Originally Posted by Michael H View Post
    Comparative advantage? Why would I read something that doesn't work with globalism ... I suggest you refer to global labor arbitrage.
    Mercantilist nonsense is of no interest to me.
    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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