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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=Grant;1059778724]

    As a matter of fact there were many rtegulations in place but the government began meddlinng in the mortgage market, amom=ng other things, and things began to fall apart.


    We all need laws and regulations, but Medicare, Medicaid, as two examples, are government programs that Americans got along without for almost two centuries. Then they became essential and Americans became hooked. Now if you get Obamacare the health system is screwed as well. You really believe y0u don;t have Socialism?

    Are you hoping it does for the United States what it did for Europe, the Soviet Union, and so on?
    Perhaps you should read a little more history. The poverty rate among America's elderly was scandalous before Medicare and Social Security.

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

    Quote Originally Posted by pbrauer View Post
    ................
    So that is what you picked out of the article? LOL, how typical. Notice any problems with Carter, Clinton, or the subprime problem in 2007? Oh, by the way who controlled Congress in 2007? 200 million dollars is a drop in the bucket in the overall scope of things so keep playing that one up which ignoring history including Carter and Clinton.

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

    Quote Originally Posted by pbrauer View Post
    Con, did you read any of this stuff?




    Thanks, I'm going to bookmark it for future reference.
    Have someone explain the article to you because you haven't a clue

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

    Quote Originally Posted by Grant View Post
    In which areas do you feel there are fewer regulations than in the past?

    The banking industry? Health? Farming? Fishing? Education? Advertising? The Media?
    An unbiased report of governmental regulations for OECD countries rates us among the best.


    www.swarthmore.edu/SocSci/Economics/fpryor1/Nicoletti Pryor Essay.pdf
    To provide a clearer picture of these cross-country differences in regulation ithat are identified by the joint consideration of the three overall measures of regulation (S-KKZ, ONSB: P+L and S-P: Total), we employed a hierarchical cluster analysis using Ward’s methodology to group countries according to the similarity of objective and subjective assessments. Two large
    groups of countries emerge quite clearly: a relatively “liberal” group including all English-speaking countries, as well as Denmark, Finland, the Netherlands and Switzerland; and a relatively “regulated” group including most other continental European countries and Japan. Using a less
    restrictive distance criterion we further isolated a group of “ultra-liberal” countries (the US, the UK, New Zealand and Ireland) and a group of “ultra-regulated” countries (France, Italy and Greece).
    These results provide a rigorous confirmation of our a priori expectations.
    In brief, our conclusion is that all three studies point to the same economic reality, even though they draw upon quite different data and handle the data using very different statistical techniques, in detail. The next step for research is to determine more exactly how these differences
    in regulation influence economic performance.
    Regs 1.jpgregs 2.jpg
    reg 3.jpgregs 4.jpg
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Seems that Ireland ranks quite highly. No wonder they're such a blazing success story.

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

    Quote Originally Posted by Conservative View Post

    There is a lot of misinformation flowing and the further we get from the Bush administration the more distortion there is. Here is a good recap so we can stop this foolishness.

    http://www.prmia.org/pdf/Case_Studie..._090911_v2.pdf
    If you knew anything, you'd know CRA loans were not the problem as they constituted a small minority of the loans that brought the credit markets to their knees.


    The Comptroller of the Currency. John C. Dugan, agrees: "CRA [the Community Reinvestment Act] is not the culprit behind the subprime mortgage lending abuses, or the broader credit quality issues in the marketplace. Indeed, the lenders most prominently associated with subprime mortgage lending abuses and high rates of foreclosure are lenders not subject to CRA. A recent study of 2006 Home Mortgage Disclosure Act data showed that banks subject to CRA and their affiliates originated or purchased only six percent of the reported high cost loans made to lower-income borrowers within their CRA assessment areas."**

    CRA is not to Blame for the Mortgage Meltdown


    And I can't imagine how you missed these gems ...

    2002, President George W. Bush signed the Single‐Family Affordable Housing Tax Credit Act. The
    "Renewing the Dream" program would give nearly $2.4 billion in tax credits over the next five years
    to investors and builders who developed affordable single‐family housing in poor and distressed
    areas.

    2003, Later that year, President George W. Bush signed the American Dream Downpayment Act, a new
    program that provided grants to help home buyers with downpayment and closing costs. The act
    authorised $200 million dollars per year for 2004‐2007.

    2004, the 2000 rules were dropped and high‐risk loans were again counted toward affordable
    housing goals.



    "Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech
    Last edited by Sheik Yerbuti; 09-06-11 at 12:42 AM.

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

    Quote Originally Posted by Conservative View Post

    Looking forward to you blaming Bush and Republicans now

    Mary Kissel: Justice's New War Against Lenders - WSJ.com
    What exactly is your complaint? That article is rather vague. Is your complaint that the justice department is suing some lenders who are practicing "price discrimination?" Or is it that you didn't read past the headline and really don't know what the article is about?

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

    Quote Originally Posted by AdamT View Post
    Seems that Ireland ranks quite highly. No wonder they're such a blazing success story.


    Ireland has a chance to improve ... wages have decreased recently. Those countries with a current account deficit did not fare well during the housing bubble. Irelands government spending did not pick up until 2008.

    They have a very low corporate tax ... however the study measured government regulations in different fields. Negatives for their economy ... like trade deficits are not included. Of the PIIGS they are the most likely to recover.

    www.dailykos.com/story/2010/06/23/878473/-Completing-Krugman?iact=hc&vpx=1351&vpy=291&dur=2945&hovh=242 &hovw=208&tx=128&ty=124&ei=-pdlTumVBIWSgQf90ei-Cg&page=2&tbnh=181&tbnw=157&start=18&ndsp=19&ved=1 t:429,r:12,s:18

    1.bp.blogspot.com/_G2bfYrkEHw0/TUZEHJSw5WI/AAAAAAAAAbE/Dx2dXnxxMbI/s1600/Picture%2B3.png
    Last edited by Michael H; 09-06-11 at 01:01 AM.
    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
    What exactly is your complaint? That article is rather vague. Is your complaint that the justice department is suing some lenders who are practicing "price discrimination?" Or is it that you didn't read past the headline and really don't know what the article is about?
    Plus it's a opinion piece from the notoriously right wing editorial page.

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

    Quote Originally Posted by pbrauer View Post
    Plus it's a opinion piece from the notoriously right wing editorial page.
    Right, we certainly don't expect the Congress to make the same mistakes over and over again, do we?

    By the way loved seeing "your" President making his campaign speech in Detroit yesterday for as predicted liberals love sharing their misery equally with others. Michigan with its 10.9% unemployment rate, Detroit having the highest unemployment of any major city in the country, and African American 16.7% unemployment. Yes, Obama's record has really helped the African American community.

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