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

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

    Quote Originally Posted by AdamT View Post
    GDP was CONTRACTING at a rate of 7% when Obama took over. That's an improvement of almost 10%. Pretty damned good.
    GDP growth is less this year than in 2010 and Obama was in charge in 2010. Pretty damn good? Less than 2% GDP growth in 2011? 24 plus million unemployed/under employed? 4.5 trillion added to the debt? If a Republican generated these numbers you would be going ballistic

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

    Quote Originally Posted by Goldenboy219 View Post
    Rich people have a cost of living that is typically greater than the "non-rich", but also just a fraction of total income. Tax cuts on the wealthy will do little promote economic growth because increases in personal savings (a spike in savings), typically coincides with a severe economic downturn.





    Economic growth less than 2% in 2011, unemployment higher, labor force lower, 4.5 trillion added to the debt. Put those numbers into your chart

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

    Quote Originally Posted by Conservative View Post
    Is that why economic growth in 2011 is under 2% and unemployment is higher than it was when Obama took office? you can cite textbooks all day long and remain out of touch with reality. What exactly have you don't to improve the employment situation in this country as well as economic activity?
    I sited the most inclusive quantitative analysis provided by a private sector financial research firm. Growth is sluggish for a plethora of reason, e.g. the strains in Europe are estimated to shave 10% of off economic growth for the year or net wealth is still lower than 2008 levels (people spend less when their wealth decreases in a rather dramatic fashion).

    Why the desire to get personal? Debate the topic and not the participants!
    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
    GDP growth is less this year than in 2010 and Obama was in charge in 2010. Pretty damn good? Less than 2% GDP growth in 2011? 24 plus million unemployed/under employed? 4.5 trillion added to the debt? If a Republican generated these numbers you would be going ballistic
    If not for the massive recession that Obama inherited from Republicans the numbers would obviously be MUCH MUCH better. So far Obama has managed to avoid a full-on depression, which was a very real possibility, and a double dip recession -- another very real possibility.

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

    Quote Originally Posted by Conservative View Post
    Economic growth less than 2% in 2011, unemployment higher, labor force lower, 4.5 trillion added to the debt. Put those numbers into your chart
    The charts provided go a long way in explaining exactly why the situation is where it is. Maybe you should be willing to take on some analysis since you are so adamant on discussing such topics. I notice you failed to address my statement and instead settled for empty talking points that are heavily favored by those who have no idea what they are talking about!
    Last edited by Kushinator; 12-11-11 at 03:10 PM.
    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 AdamT View Post
    If not for the massive recession that Obama inherited from Republicans the numbers would obviously be MUCH MUCH better. So far Obama has managed to avoid a full-on depression, which was a very real possibility, and a double dip recession -- another very real possibility.
    Keep carrying that argument into the 2012 elections. apparently in the liberal world poor results are always someone else's responsibility.

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

    Quote Originally Posted by Conservative View Post
    Keep carrying that argument into the 2012 elections. apparently in the liberal world poor results are always someone else's responsibility.
    The facts are the facts. Pretending that they aren't isn't going to win Republicans a lot of votes.

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

    Quote Originally Posted by AdamT View Post
    If not for the massive recession that Obama inherited from Republicans the numbers would obviously be MUCH MUCH better. So far Obama has managed to avoid a full-on depression, which was a very real possibility, and a double dip recession -- another very real possibility.
    Please tell me what legislation Obama proposed and then signed which kept us out of a depression?

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

    Quote Originally Posted by Conservative View Post
    Keep carrying that argument into the 2012 elections. apparently in the liberal world poor results are always someone else's responsibility.
    Irrational pontification is not a valid substitute for discussing the topic.
    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 AdamT View Post
    The facts are the facts. Pretending that they aren't isn't going to win Republicans a lot of votes.
    Aw, yes, the Obama results are to be ignored and certainly aren't facts. Guess those non facts are why Obama is doing so well in the JAR polls

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