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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
    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?

    David Ricardo.
    As we now make chopsticks for China and small business has no growth ... GE is exporting advanced tech to China ... unemployment is 9% ... government has lost revenues ... increased demand on social services, perhaps you can explain how we are better off with free trade?
    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
    Mercantilist nonsense is of no interest to me.
    That's what I thought ... bringing up comparative advantage ... when it means absolutely nothing. Nice try.
    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
    As we now make chopsticks for China and small business has no growth ... GE is exporting advanced tech to China ... unemployment is 9% ... government has lost revenues ... increased demand on social services, perhaps you can explain how we are better off with free trade?
    You are confusing structural with cyclical unemployment. Globalization creates short term structural unemployment, but that's really just a "no ****" 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: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Michael H View Post
    That's what I thought ... bringing up comparative advantage ... when it means absolutely nothing. Nice try.
    It means nothing to those who have a mercantilist POV. To each their own i guess.
    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
    You are confusing structural with cyclical unemployment. Globalization creates short term structural unemployment, but that's really just a "no ****" comment.
    So will you quote trade openness next and how it will create x amount of jobs? There is nothing cyclical about the export of GDP and manufacturing jobs ... short term? They been being exported since the creation of NAFTA.
    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
    So will you quote trade openness next and how it will create x amount of jobs? There is nothing cyclical about the export of GDP and manufacturing jobs ... short term? They been being exported since the creation of NAFTA.
    Low skill, labor intensive jobs have been exported for lower cost goods since capital has been mobile.
    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
    It means nothing to those who have a mercantilist POV. To each their own i guess.
    There is nothing mercantilist about a theory that points out the reality of observation that comparative advantage does not work with low wage economies. Austrian theory could be called mercantilist using the same rational.
    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
    Low skill, labor intensive jobs have been exported for lower cost goods since capital has been mobile.
    Actually tariffs were the roadblock to GDP exports and the importance of having free trade allows the access to the American market.
    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
    How do you know? You don't even know what he promised.
    He didn't promise what he delivered

    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-41% JAR and well over 50-55% disapproval ratings.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    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?
    Are you telling me that Barney Frank and the Democrats weren't promoting home ownership for the poor and minorities? Keep looking backwards which prevents you from seeing the results of today

    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch! 38-41% JAR and well over 50-55% disapproval ratings.

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