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

  1. #531
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    I could be wrong but it does look like failures always flock together, Obama, Geithner, Frank, Dodd, and Obama supporters.
    Despite your insults, it was Republicans who were in charge back then when the housing bubble was ballooning to insane levels. Deal with it.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    The point is, Barney Frank did not prevent the much needed oversight as you are falsely trying to portray.

    So who did?



    They did nothing, but the housing market was already destroyed by then as it peaked in 2006.
    I see, so they did nothing to prevent implementation of the oversight required then after taking control of the Congress did not prevent the housing bubble from bursting by making sure the oversight was being done? Thank you, now stop blaiming Bush and accept responsibility for the failure of Democrats and Obama.

    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. 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 AdamT View Post
    The "so what" is that it's obviously true. Even conservative Repubicans will admit it -- if they are out of office and don't have to sniff the teabaggers' behinds. Take ownerhip of your accomplishments! Your team forced the economy to the brink of collapse, dinged our credit rating for the first time, and crashed the markets. Actions have consequences.
    Which is why S&P said the tea party ideas or even the Ryan play would have kept the downgrade from happening.
    If you strike me down, I'll become more powerful than you could possibly imagine.

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

    Quote Originally Posted by Conservative View Post

    I see, so they did nothing to prevent implementation of the oversight required then after taking control of the Congress did not prevent the housing bubble from bursting by making sure the oversight was being done?
    Why is it easier to pull teeth than it is to get you to stay focused and answer questions? Since Republicans were in charge in 2005 and passed H.R.1461 despite Frank's superman efforts to prevent it with his single vote.

    So why did H.R.1461 never make it to Bush's desk? As you agreed to, it wasn't because of Barney Frank.


    Quote Originally Posted by Conservative View Post

    Thank you, now stop blaiming Bush and accept responsibility for the failure of Democrats and Obama.
    Why should I stop blaming Bush when he said he and Republicans were responsible?


    "Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.2.2004, RNC acceptance speech

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

    Quote Originally Posted by Conservative View Post
    Well excuse me but did you not make the following post and if so why even mention China if you didn't want to compare this stimulus to theirs?
    I was comparing the level of spending relative to output, not whether their economy was like ours. Instead of acknowledging the superior stimulus package enacted from a neo-mercantilist society, you try to derail my point by inserting red herrings. The wages in China have no bearing on whether their stimulus package was successful.

    Is it even possible for you to have a discussion without feeling the need to become fallacious when you do not even understand my argument?
    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
    Why is it easier to pull teeth than it is to get you to stay focused and answer questions? Since Republicans were in charge in 2005 and passed H.R.1461 despite Frank's superman efforts to prevent it with his single vote.

    So why did H.R.1461 never make it to Bush's desk? As you agreed to, it wasn't because of Barney Frank.



    Why should I stop blaming Bush when he said he and Republicans were responsible?


    "Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.2.2004, RNC acceptance speech
    I don't understand the negativity towards the housing bubble ... it provided employment. What would the economy have been like without it? We would be in a recession. Where would the capital from exported GDP have been invested. It sucks but I look at the bubble as a respite from recession.
    If everyone is thinking alike, then somebody isn't thinking. Patton
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    I was comparing the level of spending relative to output, not whether their economy was like ours. Instead of acknowledging the superior stimulus package enacted from a neo-mercantilist society, you try to derail my point by inserting red herrings. The wages in China have no bearing on whether their stimulus package was successful.

    Is it even possible for you to have a discussion without feeling the need to become fallacious when you do not even understand my argument?
    You said the stimulus package wasn't big enough yet have never addressed how the money was spent therefore not really knowing whether or not it was too small. Until you address how the money was spent and justify it, your claim that it was too small isn't a fact but an opinion.

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

    Quote Originally Posted by Michael H View Post

    I don't understand the negativity towards the housing bubble ... it provided employment. What would the economy have been like without it? We would be in a recession. Where would the capital from exported GDP have been invested. It sucks but I look at the bubble as a respite from recession.
    The negativity is because the bubble was allowed to balloon out of control until it ultimately burst and nearly destroyed our economy completely. Any recessions without the bubble, had we even had any, would have been mild, like the 2001 recession. The housing bubble burst turned a recession into a near depression.

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

    Quote Originally Posted by Conservative View Post
    Sorry, see no logic and common sense in any of your posts along with zero facts to support your claims.
    My post history should be indicative enough. Be sure to point out any fallacies you see along with any unsupported claims.

    All are text book definitions and references which have nothing to do with the actual results generated.
    Incorrect. This is the terminology used by those who have an actual understanding of political economy. If you cannot keep up with the lingo associated with this specific topic, then the blame is on you.

    You need to get out in the real world and actually create something. Still waiting for your proof of your experience to even discuss the free market economy. I see an economists out of touch with reality.
    An ad hom (based on an erroneous assumption) and a red herring all in one! I have nothing to prove to you.

    Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ million unemployed or under employed Americans in 2011
    That's right, Obama is under preforming because he is not hiring.

    4 trillion added to the debt in less than 3 years
    This is what happens during the worst recession since the great depression. Revenues fall! To expect spending to fall in accordance is not as hilarious as it is naive.

    and a downgrade of the U.S. credit rating
    Are you serious? The same ratings agency that label sub prime junk AAA and forced their president to resign following the downgrade? I wonder why yields for government debt are at or near their historic lows.

    Rising Misery index 7.83 to 12.67. 38-41% JAR and well over 50-55% disapproval ratings.
    No doubt, this economic climate is indeed troubling.
    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

  10. #540
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    The negativity is because the bubble was allowed to balloon out of control until it ultimately burst and nearly destroyed our economy completely. Any recessions without the bubble, had we even had any, would have been mild, like the 2001 recession. The housing bubble burst turned a recession into a near depression.
    So what prevented that Great Depression? In addition suggest you do some research and find out why the HR 1461 died in the Senate but a better question is why wasn't it resubmitted with Democrats in control of both houses in 2007? You conveniently blame Bush but ignore Democrat involvement which is typical from you.

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