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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 Conservative View Post
    How do you know that GM would have gone out of business?
    Without federal support, they were technically insolvent.

    Did United Go out of Business?
    A transportation service company differs greatly from a multinational manufacturing powerhouse.


    How about other businesses that declared bankruptcy and returned to prominence. You want badly to believe Obama saved the company but what Obama did was save the unions and that doesn't benefit the economy
    Any spinoffs that would have emerged from the rubble would have had to re-up with uninon labor. Multibillion dollar manufacturing facilities just cannot up and move to right to work states
    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 Boo Radley View Post
    GM came hat in hand, so they thought they would. But I offered more than that, and there is a report there for you to read as well. Can it be you're not interested in the facts at all?
    In a capitalistic economy businesses win and lose. GM's loss would have been someone else's gain. To claim that the auto company would have gone out of business is nothing more than speculation. Not sure what that has to do with the thread topic. It does seem that Obama supporters will do anything to divert from the Obama record. Don't blame them

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

    Quote Originally Posted by Conservative View Post
    In a capitalistic economy businesses win and lose. GM's loss would have been someone else's gain. To claim that the auto company would have gone out of business is nothing more than speculation. Not sure what that has to do with the thread topic. It does seem that Obama supporters will do anything to divert from the Obama record. Don't blame them
    we are very aware of his record since 2009:

    stock market regains all its lost value.

    GDP back in the positive.

    unemployment going down.

    companies matching 401k contributions again.

    very good legislation passed regarding tobacco industry, fuel-efficiency, nuclear weapons, financial industry, etc etc.

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

    Quote Originally Posted by Goldenboy219 View Post
    Without federal support, they were technically insolvent.



    A transportation service company differs greatly from a multinational manufacturing powerhouse.




    Any spinoffs that would have emerged from the rubble would have had to re-up with uninon labor. Multibillion dollar manufacturing facilities just cannot up and move to right to work states
    They got Federal support and that support has cost the taxpayer billions. There is only speculation what would have happened had they gone out of business. What we do know is that billions have been added to the debt and the results are questionable. Unions continue to destroy the manufacturing base in this country IMO
    Last edited by Conservative; 12-11-11 at 03:27 PM.

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

    Quote Originally Posted by Conservative View Post
    In a capitalistic economy businesses win and lose. GM's loss would have been someone else's gain. To claim that the auto company would have gone out of business is nothing more than speculation. Not sure what that has to do with the thread topic. It does seem that Obama supporters will do anything to divert from the Obama record. Don't blame them
    This is not and has not been a purely capitalistic system. However, if it were, eventually someone would win it all, and thus become as oppressive as a dictatorship. This is one reason we don't have such a system.

    And I'm not sure what much of what you post has to do with any thread topic, but all I can do is try and answer you anyway.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Conservative View Post
    Not a thing, love book smart people, just prefer street smarts more and what is actually happening in the real world to real people, you know those 24 million plus unemployed/under employed Americans, or those 315000 that dropped out of the labor force thus leading to the reduction in unemployment rate? Where do those people fit on your charts?
    Moody's analytics is a financial research company that has $600 million in annual revenue. They are so good at what they do, nearly every major international body that has financial needs accepts their analysis as unbiased. Otherwise, they would not make $600 million a year just by being "book smart". And to state that "just prefer street smarts more" is just plain ignorant given the quantitative underpinnings of this topic/discussion.

    Maybe you should examine the charts a little closer?!?!
    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 winston53660 View Post
    . . .and you see if the world didn't have damn liberals it would be perfect. Damn liberals!
    I see, at last, we have a point of agreement.

    I wonder what things look like in states run by liberal Democrats who get their way. Are there any examples we might draw some lessons from?

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

    Quote Originally Posted by Boo Radley View Post
    This is not and has not been a purely capitalistic system. However, if it were, eventually someone would win it all, and thus become as oppressive as a dictatorship. This is one reason we don't have such a system.

    And I'm not sure what much of what you post has to do with any thread topic, but all I can do is try and answer you anyway.
    Guess it is always much easier to target those large companies than the 80% of the economy being run by small businesses. These are the major employers of this country and the ones not counted in the unemployment numbers and the ones hurting the most by the Obama economic policies

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

    Quote Originally Posted by Conservative View Post
    Guess it is always much easier to target those large companies than the 80% of the economy being run by small businesses. These are the major employers of this country and the ones not counted in the unemployment numbers and the ones hurting the most by the Obama economic policies
    Uhh a lot of small business sell stuff to GM.

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

    Quote Originally Posted by Conservative View Post
    They got Federal support and that support has cost the taxpayer billions. There is only speculation what would have happened had they gone out of business. What we do know is that billions have been added to the debt and the results are questionable. Unions continue to destroy the manufacturing base in this country IMO

    Source:


    DETROIT – Chevrolet sold 1.2 million vehicles globally in the third quarter, the best July-to-September results in the brand’s 100-year history. In the first nine months of 2011, Chevrolet sold 3.6 million vehicles globally, positioning the brand for its best-ever calendar-year sales.

    “Nine months of record sales is a great testament to the strength of Chevrolet’s products and service,” said Chris Perry, vice president, Chevrolet global marketing and strategy. “That success would not be possible without first connecting with new customers individually – no matter where they live – listening to their needs, and then welcoming them to the Chevrolet family.”

    That customer-focused approach is best illustrated by the successful U.S. launch of the Cruze compact sedan. Chevrolet sold more than 175,000 Cruzes worldwide in the third quarter of 2011, fueled by U.S. and China sales growth. More than 970,000 Cruzes have been sold since it was introduced in early 2009, and the 1 millionth Cruze is expected to sell by the end of October.
    I can go on if you wish to continue to stomp your feet.
    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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