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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

  1. #141
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    So does claiming that someone who isn't paying any Federal Income taxes because of the Bush tax cuts isn't benefiting from those cuts.
    How is that a logical fallacy?
    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: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Would you agree that tax cuts were premature given the gift of hindsight?
    Tough question. I don't think the total cost of the war could have possibly be estimated in 2003. Also, we were fresh out of a recession so tax cuts were a great way to give the private sector the boom it got throughout the 2000's. Personally, I am always a fan of tax cuts but obviously I would like to see spending cut along with it. Bush's spending policies were always viewed very negatively by my conservative family and I. My far-right grandfather called him a liberal at the time. In hindsight I don't think the timing was premature as I can see no other point throughout the 2000's where the economy would have benefited more from it. The costs of the long, drawn out war really hurt the deficit and I don't think anyone in America envisioned it being so long and costly at the time.

    I can understand the argument that they were premature due to the uncertainty regarding future spending on the war. But at the time we had just seen monthly private sector job losses go from -100k to around flat and the resulting boost in GDP allowed revenues to remain resilient.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

  3. #143
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post
    This is all great news. As a conservative I am thrilled that the private sector is adding jobs and the public sector is shedding them. You and Goldenboy completely ignoring the labor participation rate is overly-optimistic on your parts. If you looked at the charts I posted the LPR is at historic lows and must be taken into consideration when looking at decreases in the unemployment rate.

    Of course like I said, Obama has already capitalized on this news as a political talking point. Just now on TV, he mentioned it and then criticized Republicans for blocking the payroll tax cut extension. I can't remember any President in history that has blamed the opposition party as much as Obama, but I digress.
    Do you mind responding to this video?


  4. #144
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Dive bombing threads without a shred of substance should never be confused for intelligence.
    I am sorry my post confused you. I tried to use small words.
    I love the smell of burning moonbat in the morning.

  5. #145
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post

    I can understand the argument that they were premature due to the uncertainty regarding future spending on the war. But at the time we had just seen monthly private sector job losses go from -100k to around flat and the resulting boost in GDP allowed revenues to remain resilient.
    Not only were the tax cuts stimulative, so were the increases in actual spending by the federal government. For more information, see this article.
    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

  6. #146
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    How is that a logical fallacy?
    On, I don't know, one year you are paying income taxes and the next year you aren't with the only thing changing being the Bush tax cuts. How is that not logical to credit the Bush tax cuts and claim someone not paying taxes benefited from those cuts?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by conservativeguy View Post
    I am sorry my post confused you. I tried to use small words.
    Quit stalking me. Either make a point relevant to the discussion or STFU.
    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: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    On, I don't know, one year you are paying income taxes and the next year you aren't with the only thing changing being the Bush tax cuts. How is that not logical to credit the Bush tax cuts and claim someone not paying taxes benefited from those cuts?
    In a discussion about fiscal policy, calling someone a liberal is a logical fallacy. However, in a discussion about fiscal policy, saying that you do not believe some people benefited from the said policy is not a logical fallacy. It is simply an opinion.
    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: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by conservativeguy View Post
    I am not certain he understands what normally happens when a denominator is lowered.
    The list of things he doesn't understand is too lengthy for this thread.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Gill View Post
    The list of things he doesn't understand is too lengthy for this thread.
    Another stalker. At least you are not alone.
    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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