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Thread: Republicans block Obama jobs bill

  1. #1891
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    You have book smarts and you can't understand adjusting for inflation or cumulative data? Look, I am not going to argue with a guy who has 30 years of outside sales about outside sales. That would be dumb. But you aren't that guy. You don't have 30 years of experience studying economic data and you clearly don't have the book smarts either. I don't know what kind of business you are in and I don't care, but you're right, when it comes to that business, there is not much I could argue with you about it - nor would I try. But just because you are older doesn't make you smarter, nor better informed than I am in the realm of politics or economics.

    So don't try to pull some nonsense seniority on me like I am going to just bow out and go away. If you want me to go away, you'll have to actually prove you know something and win through logical arguments. Until then, you can keep posting bunk data and I'll keep providing the correct context for it.



    So you don't care about the numbers then? Why are you posting data if the data does not matter to you? Why not just say "I am a republican and he is a democrat so I will not only never vote for him but I will never support him". That would be far more honest than the front that you put on this thread where you pretend to understand numbers and care about them. Clearly you don't, because every time I provide context (such as unemployment took 3 years under Reagan to stabilize and Obama has not had that much time) you change the subject.
    Explain to me why 1985 dollars adjusted to 2005 prices had any affect on the people in 1985? The issue is jobs and economic growth. 1985 dollars created 17 million jobs so again tell me how you adjust jobs in 1985 created by 1985 revenue and expenses for inflation?

    It didn't take Reagan 3 years to stabilize unemployment at all AFTER his economic plan was implemented which was October 1981. Why is it you believe that Reagan had any impact after taking office on the economy when he didn't have a Republican Congress passing his economic policy? When was the Obama economic policy put into place? Guess your textbooks didn't tell you the answer.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by winston53660 View Post
    He was in human resources for a corporation.
    Prove it, that is a lie

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Prove it, that is a lie
    You have said it before.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by winston53660 View Post
    You have said it before.
    Prove it? No, I never said that before, Human Resource Managers do NOT manage 200 million dollar businesses

  5. #1895
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Explain to me why 1985 dollars adjusted to 2005 prices had any affect on the people in 1985? The issue is jobs and economic growth. 1985 dollars created 17 million jobs so again tell me how you adjust jobs in 1985 created by 1985 revenue and expenses for inflation?
    Inflation only needs to be adjusted when comparing money from different years. It has nothing to do with the people, but the relationship of the growth of money. It's like putting $10 in a bank and coming back in 20 years and you have $20. You didn't add money to the bank, you just accrued interest (it inflated), but unless you removed the interest, it would look like you deposited money. The same is true with GDP. In one year, it can be 200 and in the next it could be 203, but in reality, GDP could have actually fallen in real dollars. Here is a formula:

    Real Interest Rate
    Real Interest Rate = Nominal Interest Rate − Expected Inflation

    The above is a very key concept. But actually, it doesn't matter. Obama's not-adjusted-for-inflation numbers are actually good as well (as I showed you a few posts up), it only matters when you post unadjusted numbers for Reagan, and then switch to adjusted numbers for Obama. Then it's not fair. But the unadjusted numbers are essentially meaningless when discussing GDP growth.

    As far as job growth in unemployment? It is preferable to put them into percentages because population grows as well (which is kind of similar to inflation for dollars). 20 million unemployed today is not the same as 20 million unemployed in 1985. However, 9% unemployed today is the same as 9% unemployed in 1985.

    Quote Originally Posted by Conservative View Post
    It didn't take Reagan 3 years to stabilize unemployment at all AFTER his economic plan was implemented which was October 1981. Why is it you believe that Reagan had any impact after taking office on the economy when he didn't have a Republican Congress passing his economic policy? When was the Obama economic policy put into place? Guess your textbooks didn't tell you the answer.
    So Reagan's policy went into effect in Oct 1981 and the numbers were what? Then, when did the numbers become acceptable to you? How long was that period? Next, when did Obama's policy take effect? What number will be acceptable and how does he have to achieve that number?

    Can you answer those questions for me?
    Last edited by whysoserious; 10-28-11 at 04:18 PM.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    Inflation only needs to be adjusted when comparing money from different years. It has nothing to do with the people, but the relationship of the growth of money. It's like putting $10 in a bank and coming back in 20 years and you have $20. You didn't add money to the bank, you just accrued interest (it inflated), but unless you removed the interest, it would look like you deposited money. The same is true with GDP. In one year, it can be 200 and in the next it could be 203, but in reality, GDP could have actually fallen in real dollars. Here is a formula:

    Real Interest Rate
    Real Interest Rate = Nominal Interest Rate − Expected Inflation

    The above is a very key concept. But actually, it doesn't matter. Obama's not-adjusted-for-inflation numbers are actually good as well (as I showed you a few posts up), it only matters when you post unadjusted numbers for Reagan, and then switch to adjusted numbers for Obama. Then it's not fair. But the unadjusted numbers are essentially meaningless when discussing GDP growth.
    Right, and that is the point, we aren't comparing money between years we are comparing employment and unemployment between years generated by the money at that time. You seem to have a problem understanding that. Obama's numbers are irrelevant since he has lost jobs and Reagan increased jobs, that should explain to you exactly what happened but because your book hasn't given you the answer you cannot figure it out yourself.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Right, and that is the point, we aren't comparing money between years we are comparing employment and unemployment between years generated by the money at that time. You seem to have a problem understanding that. Obama's numbers are irrelevant since he has lost jobs and Reagan increased jobs, that should explain to you exactly what happened but because your book hasn't given you the answer you cannot figure it out yourself.
    I do not know why you keep thinking I have some textbook. Like I ever read a textbook anyway.

    ------------

    So you are somehow trying to murk the water by combining GDP not adjusted for inflation with the number of people not employed? Why not just use the unemployment percentages and inflation adjusted numbers? They speak for themselves. I am not following your point as GDP growth and unemployment are completely separate categories.

    Just use the unemployment percentages when comparing them to older numbers and use inflation-adjusted GDP numbers when comparing them to older years. That will make your life a thousand times easier and your numbers will always be in context.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    I do not know why you keep thinking I have some textbook. Like I ever read a textbook anyway.

    ------------

    So you are somehow trying to murk the water by combining GDP not adjusted for inflation with the number of people not employed? Why not just use the unemployment percentages and inflation adjusted numbers? They speak for themselves. I am not following your point as GDP growth and unemployment are completely separate categories.

    Just use the unemployment percentages when comparing them to older numbers and use inflation-adjusted GDP numbers when comparing them to older years. That will make your life a thousand times easier and your numbers will always be in context.
    Do you know what GDP is? What is really important about GDP and when you figure that out wonder if you can also then figure out why GDP adjusted for inflation is really irrelevant except to make one side or the other feel good. Get back to me with the answer. Unemployment percentages? What does that serve? Think a 9.1% unemployment on a labor force of 154 million is better than a 10% unemployment rate on a labor force of 100 million? You really need to think before buying the rhetoric you are being told.

    I asked you to explain the context to me for the Obama results as well as the numbers you have posted? What relevance are they for today?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Right, and that is the point, we aren't comparing money between years we are comparing employment and unemployment between years generated by the money at that time. You seem to have a problem understanding that. Obama's numbers are irrelevant since he has lost jobs and Reagan increased jobs, that should explain to you exactly what happened but because your book hasn't given you the answer you cannot figure it out yourself.
    Reagan's unemployment rate


    1981-01-01 7.5 1981-02-01 7.4 1981-03-01 7.4 1981-04-01 7.2 1981-05-01 7.5 1981-06-01 7.5 1981-07-01 7.2 1981-08-01 7.4 1981-09-01 7.6 1981-10-01 7.9 1981-11-01 8.3 1981-12-01 8.5 1982-01-01 8.6 1982-02-01 8.9 1982-03-01 9.0 1982-04-01 9.3 1982-05-01 9.4 1982-06-01 9.6 1982-07-01 9.8 1982-08-01 9.8 1982-09-01 10.1 1982-10-01 10.4 1982-11-01 10.8 1982-12-01 10.8 1983-01-01 10.4 1983-02-01 10.4 1983-03-01 10.3 1983-04-01 10.2 1983-05-01 10.1 1983-06-01 10.1 1983-07-01 9.4 1983-08-01 9.5 1983-09-01 9.2 1983-10-01 8.8

    http://research.stlouisfed.org/fred2/data/UNRATE.txt

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Prove it? No, I never said that before, Human Resource Managers do NOT manage 200 million dollar businesses
    Then WTF were you?

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