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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 Sheik Yerbuti View Post
    Not moving anaything. The deficit (which is the increase to the debt, just so ya know), for FY2009 increased by $1.85 trillion.

    That's one subject.

    Federal spending dropped during Obama's first busget despite your lies to the contrary.

    That's another subject.



    You said spending increased under Obama and you used the war supplimental as an excuse why when it turned out, you don't understand that "total federal spending" includes supplimentals.


    Same as above, it's all included in "total federal spending" for FY2009 and spending was down in 2010, Obama's first budget year.
    You claimed that the Bush budgets were higher than the Obama budgets so I am waiting for you to prove it. Posting actual Federal Spending doesn't report budget spending vs. supplemental spending. You don't seem to know the difference.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    That may be your fact, but that is not a fact. The fact. As you've been shown, roughly $1.6 trillion of that is due to showrtfalls in Bush's FY2009 budget. Your acceptance of that is not required.
    Your version of the facts normally mean diversions and distortions. Please post the actual Bush budget vs the Obama budgets. thanks in advance

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



    Still waiting for you to show me where the U.S. Constitution grants the president the power to override Congress' power of the purse strings of a previously passed budget by a previous Congress and passed by a previous president.

    Good thing I'm not holding my breath, eh? My face would be as blue as my posts.

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

    Quote Originally Posted by Sheik Yerbuti View Post


    Still waiting for you to show me where the U.S. Constitution grants the president the power to override Congress' power of the purse strings of a previously passed budget by a previous Congress and passed by a previous president.

    Good thing I'm not holding my breath, eh? My face would be as blue as my posts.

    I answered your question, get someone to read it for you since you don't seem to have the ability o comprehend what I posted.

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

    Quote Originally Posted by AdamT View Post
    Interesting, but most of that appears to be dated or speculative, as in "some elements in Germany want to...." Since the first article was written in 2009 have we seen German banks pulling capital back in country? I'd say it's just the opposite. Germany has been the main (albeit reluctant) party keeping the troubled EU economies afloat. There are some interesting points in there, though. Particularly that protectionism these days is tending to take a less direct form, such as government support for industry (like our own subsidies for green energy, or cash for clunkers). South Korea has been a master of that, helping its industrial conglomerates outperform foreign competitors.

    But I guess that begs the question: is it really protectionism for a government to lends its resources to domestic private industry? I think there has to be a distinction between government helping industry become more competitive, and government directly intervening to benefit industry because it can't compete internationally. In for the former case government is helping to improve efficiency and competitiveness while in the latter government is in effect fostering inefficiency and uncompetitiveness by shielding companies from stronger competition.
    Ok I didn't find the article I was looking for ... but I found one similar. Some interesting practices. VAT is old news however a few other things. I didn't pull everything from the article just a few highlights.
    How do Other Nations Balance Their Trade | Economy In Crisis

    Non-tariff barriers reflected in EU and German policy include agricultural and manufacturing subsidies, quotas, import restrictions and bans for some goods and services, market access restrictions in some services sectors, non-transparent and restrictive regulations and standards, and inconsistent regulatory and customs administration among EU members. Restrictions in services markets and the burden of regulations and standards exceed EU policy.

    Germany’s covert trade barriers—which should perhaps better be called “trade balancing measures,” as it would be a mistake to confuse them with crude protectionism—begin with careful control over Germany’s currency.

    The corporate structure of Germany also fights trade deficits. Germany’s universal banks, for example, pressure the companies they own stakes in not to source components from abroad, which would weaken supplier companies they have big loans to. Similar pressures operate in retail and other parts of the supply chain. And the generally high level of German state involvement in industry, ranging from training schemes to state-owned banks, comes with similar strings attached. As one German puts it,

    Germany as a whole has a near 48 percent share of its economy is some shape or fashion state controlled or run. The German is not even really fully aware of the true tax load he’s under nor the proportion of government that controls his life. Tell most Germans that the FRAPORT [airports] is a state entity and they are perplexed and confused. Explain to them about the GEZ, and how ARD, ZDF, HR3, SWF, DW, BR3, NDR, WDR etc. are more or less ‘state’ run entities and they are in disbelief. But the truth is, these agencies get their money through a tax that the state controls and their CEO is state-appointed by a committee. The Deutsche Bahn [national railway system] is another state entity, as is the Telecom.

    The reason why France had Citroen Peugeot and Renault for all these years and even BMW and Mercedes, Fiat, Lancia etc. or Audi and VW could not break into their market is because even Germany, Great Britain and Italy were being kept out of the French market with such games for years. Now they ‘harmonized’ a lot of hidden trade barriers and while they no longer play the games they once did with each other, they still play them with the U.S.

    German motor vehicle standards require many modifications to the US car despite the fact that German safety standards (No side impact struts in doors, safety glass that isn’t as good…..etc.) are lower. Example: On U.S. cars you had to disconnect the red brake light in the window of cars many years ago. Years ago (The U.S. used halogen lights first) you had to switch out headlights because the US used halogens on some cars and the Germans didn’t. Why? What safety aspect was impacted? None! It was pure games just to make it hard to import a car.
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    You claimed that the Bush budgets were higher than the Obama budgets so I am waiting for you to prove it. Posting actual Federal Spending doesn't report budget spending vs. supplemental spending. You don't seem to know the difference.
    Read it one more time ... this time for clarity ...

    total federal spending dropped during Obama's first budget.

    You called a drop in spending, "Bush spending on steroids."

    Only in Consverative la-la land is a drop in spending an increase.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Read it one more time ... this time for clarity ...

    total federal spending dropped during Obama's first budget.

    You called a drop in spending, "Bush spending on steroids."

    Only in Consverative la-la land is a drop in spending an increase.
    Let me know when Bush had a budget of 3.7 trillion dollars. as for Obama's first budget, you didn't disappoint at all, total and complete distortion of reality. You never posted budgets for either Bush or Obama and you totally ignored the supplementals which are never part of the budgets but were included in total spending, something you don't seem to understand.

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

    I still don't see a lot of substance to support the contention. The second paragraph provides some clues, but it's short on specifics. As far as cars, every country is free to have its own safety standards. Lord knows the Germans have to make a slew of modifications to their cars to meet our safety and pollution regs., and then even stricter regs. for California.

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

    I can already see where you are going Sheik. You want to tack TARP onto Bush's budget when the totality of the money wasnt available and wasnt spent until Obama was already in office and some of it still hasnt been spent. You also want to target the payback into Obama's budget impact. IE Have your cake and eat it too. Am I close?

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

    Quote Originally Posted by AdamT View Post
    I still don't see a lot of substance to support the contention. The second paragraph provides some clues, but it's short on specifics. As far as cars, every country is free to have its own safety standards. Lord knows the Germans have to make a slew of modifications to their cars to meet our safety and pollution regs., and then even stricter regs. for California.
    Even the VAT is helpful to their economy ... its not about squelching trade ... its about balance. They are not the first to practice this and they manage to hold onto high paying manufacturing jobs ... jobs with multipliers. Compared to the US their compensation is much higher ... although wage growth is flat. Protecting 2% or 3% of manufacturing is huge ... so while tactics are different the end result is the same as protectionism ... more jobs. They do it the right way and benefit from their efforts.
    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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