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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
    My post history should be indicative enough. Be sure to point out any fallacies you see along with any unsupported claims.



    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.



    An ad hom (based on an erroneous assumption) and a red herring all in one! I have nothing to prove to you.



    That's right, Obama is under preforming because he is not hiring.



    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.



    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.

    No doubt, this economic climate is indeed troubling.
    Actually we have been over this before but since I lived and worked during the 81-82 recession and then this one I found the 81-82 recession worse because of the high interest rates, high inflation which took unemployment to 10.8 percent and a misery index to over 20. The difference between the two is we had a pro growth President in the 80's and a Pro nanny state President now. When Reagan took office the country was going into recession, when Obama took office the country was coming out of a recession. The Obama economic policy has been a disaster and kept us in the throws of a recession even though technically not in a recession. Liberals place no blame on what Obama has done in the past 2 1/2 years so I will continue to post the results to remind you.

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

    Quote Originally Posted by Conservative View Post

    So what prevented that Great Depression?
    TARP, ARRA, and printing up money 24/7 to flood into the economy.

    Quote Originally Posted by Conservative View Post

    In addition suggest you do some research and find out why the HR 1461 died in the Senate
    Then why aren't you answering the question I asked? Should be simple for you, right?

    Why did H.R.1461 never make it to Bush's desk?

    Quote Originally Posted by Conservative View Post

    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.
    You're so full of ****, your eyes are brown. Despite your lies, I have not ignored "Democrat involvement." I've laid blame at their feet as well.

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

    Quote Originally Posted by Conservative View Post
    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.
    Again, you will continue to misinterpret my argument because you do not understand the majority of what is being discussed. Research Okun's law, output gap, and fiscal multiplier. Once you are familiar with the terminology, maybe you can take another stab at a discussion about the macroeconomy.
    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
    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 you believe if we had remained at 20x instead of 30x we wouldn't have had a bubble as bad as we did? I would say with all the capital available and low interest rates we last a year at best and we still have a glut of housing with high valuations. Capital had been increasing ... not decreasing from the current account surplus in Asia. Also the devalued dollar was a contributing factor to hard asset increases / commodities. Either you have credit based housing with high valuations and a glut in the market. 6 months, a year, 18 months, unavoidable ... it had to happen. The only thing that stopped the increase in the current account was the bubble.
    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 Sheik Yerbuti View Post
    TARP, ARRA, and printing up money 24/7 to flood into the economy.


    Then why aren't you answering the question I asked? Should be simple for you, right?

    Why did H.R.1461 never make it to Bush's desk?


    You're so full of ****, your eyes are brown. Despite your lies, I have not ignored "Democrat involvement." I've laid blame at their feet as well.
    Add 16 trillion in secret loans to derivative gamblers ... now there a bailout.
    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

  6. #546
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    TARP, ARRA, and printing up money 24/7 to flood into the economy.


    Then why aren't you answering the question I asked? Should be simple for you, right?

    Why did H.R.1461 never make it to Bush's desk?


    You're so full of ****, your eyes are brown. Despite your lies, I have not ignored "Democrat involvement." I've laid blame at their feet as well.
    Economists agree with you on TARP which of course was a Bush initiative, the ARRA? LOL, yep, got some great results from that, higher debt but we have been over that many, many times and you distort the results never explaining how the numbers today continue to be so poor.

    Why the HR 1461 didn't reach the President's desk was due to the Senate but again you continue to look backwards which ignores the results today. Fact is Democrats took control of the Congress in 2007 and did nothing to either revive the bill or put restrictions on Freddie and Fannie.

    I have never seen you put blame at the feet of the Democrats including the Democrats from 2009-2011 with overwhelming numbers. All I get from you is excuses and passing off the blame to Bush and the past. It has been 2 1/2 years of Obamanomics and the results speak for themselves, low JAR, net job losses, declining labor force and trillions added to the debt along with a rising misery index

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

    Quote Originally Posted by Conservative View Post
    Actually we have been over this before but since I lived and worked during the 81-82 recession and then this one I found the 81-82 recession worse because of the high interest rates, high inflation which took unemployment to 10.8 percent and a misery index to over 20.
    To someone who has a poor understanding of the political economy, believing the 81-82 recession was the worst recession since the great depression is quite common.

    The difference between the two is we had a pro growth President in the 80's and a Pro nanny state President now.
    Incorrect again! The difference between the two is we are in a liquidity trap. Volker induced the early 80's recession as a means of quelling inflation expectations. They are completely different and stem from separate aspects of market failure.

    When Reagan took office the country was going into recession, when Obama took office the country was coming out of a recession. The Obama economic policy has been a disaster and kept us in the throws of a recession even though technically not in a recession. Liberals place no blame on what Obama has done in the past 2 1/2 years so I will continue to post the results to remind you.
    Look, i get it that you despise the Obama administration. The majority of your posts are venomous rants about "Obama this" and "Obama that". Until you understand the severity of our current situation, you will find great difficulty putting forth a credible 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 Michael H View Post
    Add 16 trillion in secret loans to derivative gamblers ... now there a bailout.
    The conspiracy section is here.
    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

  9. #549
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Again, you will continue to misinterpret my argument because you do not understand the majority of what is being discussed. Research Okun's law, output gap, and fiscal multiplier. Once you are familiar with the terminology, maybe you can take another stab at a discussion about the macroeconomy.
    Get your nose out of the books and no the street. Your intellectual elitism shows and you have no concept of how the economy really works. The books tell you one thing and the real world tells us all something else. the problem with the economy today are liberal intellectual elites like you trying to apply theory to real world problems and human nature, neither of which you understand. Intellectual elites like you have created the problem we have today and have no solution for getting us out of the problems. I don't give a damn about Okun's law, output gap, or fiscal mulitiplier. Instead I more concerned about 25 million unemployed and under employed Americans, creation of the nanny state, and people like you promoting more taxpayer funded spending.

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

    Quote Originally Posted by Conservative View Post
    Get your nose out of the books and no the street. Your intellectual elitism shows and you have no concept of how the economy really works. The books tell you one thing and the real world tells us all something else. the problem with the economy today are liberal intellectual elites like you trying to apply theory to real world problems and human nature, neither of which you understand. Intellectual elites like you have created the problem we have today and have no solution for getting us out of the problems. I don't give a damn about Okun's law, output gap, or fiscal mulitiplier. Instead I more concerned about 25 million unemployed and under employed Americans, creation of the nanny state, and people like you promoting more taxpayer funded spending.
    The classic "your wrong because i'm right" argument. When you are capable of keeping up with the discussion, let me know and i would be more than willing to continue. Given the content of your posts, you have a great deal of catch up to do.
    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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