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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
    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
    ANother wild leap on your part. Nothing I said calls for this response by you. So, I can only believe you are stuck, and as is your common tactic, are trying to divert attention away form the discussion. Re=read what I wrote and try again.


    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 winston53660 View Post
    Uhh a lot of small business sell stuff to GM.
    You assume that GM would have gone out of business and there is no proof of that happening.

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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
    Small businesses are hurting do to a general lack of sales (demand!). You surely do not spur demand by cutting output.
    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
    Uhh a lot of small business sell stuff to GM.
    True, and that was as much a concern as GM.

    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
    You assume that GM would have gone out of business and there is no proof of that happening.
    They were insolvent; without government financing the company would have been broken down, and the pieces auctioned off to the highest bidders (with Chinese investors licking their chops).
    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
    You assume that GM would have gone out of business and there is no proof of that happening.
    And you have no proof they wouldn't have. Even more so you haven't provided a substantive argument they would have survived.

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

    Quote Originally Posted by Goldenboy219 View Post
    Small businesses are hurting do to a general lack of sales (demand!). You surely do not spur demand by cutting output.
    How much demand is created by the 24 million unemployed and under employed plus the millions more not counted because they are contract workers or small businesses that have failed?

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

    Quote Originally Posted by winston53660 View Post
    And you have no proof they wouldn't have. Even more so you haven't provided a substantive argument they would have survived.
    Only history of companies that went through bankruptcy and returned to profitability. Obama saved the unions and the taxpayers picked up the tab.

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

    Quote Originally Posted by Conservative View Post
    How much demand is created by the 24 million unemployed and under employed plus the millions more not counted because they are contract workers or small businesses that have failed?
    More than if there wouold have been more unemployed. Surely you can grasp that?

    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
    What do any of your posts have to do with the thread topic? Posting Obama results refutes the thread claims of economic improvement
    Nonsense. Posting a slew of raw data without the ability to analyze it is meaningless. You want to turn this into an opinion thread. That is perfectly acceptable in topics like abortion, religion, etc.... But when you enter the realm of political economy, you need to bring more than an uninformed opinion to the table.
    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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