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

  1. #921
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Of course he doesn't but he creates the policies that discourage employment, i.e. healthcare which will cost small businesses a lot of money per employee
    Small business is hesitant to hire due to a general lack of sales (demand). You're aimless trying to apply a supply side argument without any consideration of reality.
    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 EarlzP View Post
    The GOP led by lobbyist Grover Norquist has an agenda that includes sucking the last penny from the middle class and poor, the efforts they have made to block job creation and eliminate American jobs exposes thier agenda for anyone who really wants to see. One real clear example would be the two wars that President Bush started and instead of raising taxes to pay for them he borrowed the money from the Chinese. When you look at the conservative focus on eliminating jobs and taking power away from the middle class it's evident that they are making a united effort to continue to weaken and control the middle class
    Are you doing your part to increase govt. revenue by sending in more than required? If not, why not?

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

    Quote Originally Posted by Conservative View Post
    Nothing has refuted the actual Obama results including the 315,000 that dropped out of the labor force last month which distorted the unemployment rate
    Obama's results? This implies he controls this. No president does. Again, show how Obama made this happen.

    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
    There has been a net job loss three years after Obama took office and those are due to his economic policies.
    Nonsense. This is simply your uninformed, completely subjective opinion. All relevant data analysis suggests otherwise.
    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
    Are you doing your part to increase govt. revenue by sending in more than required? If not, why not?
    A rather ignorant statement.

    It is absolutely retarded to believe anyone would send money to the government if they were not required to.
    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
    Obama's results? This implies he controls this. No president does. Again, show how Obama made this happen.
    Obama controlled the economic policies for two years and did nothing to promote the private sector job growth or creation. Private sector cannot print money and thus when costs go up they have to generate the business to pay for those costs. You really ought to get out more

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

    Quote Originally Posted by Goldenboy219 View Post

    Source:




    I can go on if you wish to continue to stomp your feet.
    In a way this makes sense. Given that the company, Government Motors, is propped up by the American taxpayer, it is probably easier to compete. Imagine how easy it would be for any company to see a flow of many billions of taxpayer dollars into the unions, to have ownership transferred from bondholders to union thugs, and then to do reasonably well, for a time.

    But I will never, ever again knowingly buy a government motors product.

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

    Criticism of the ARRA has also been strident, focusing on the high price tag, the slow speed of delivery, and the fact that the unemployment rate rose much higher than the Administration predicted in January 2009.

    While we would not defend every aspect of the stimulus, we believe this criticism is largely misplaced, for these reasons:
    The unusually large size of the fiscal stimulus (equal to about 7% of GDP) is consistent with the extraordinarily severe downturn and the limited ability to use monetary policy once interest rates neared zero.

    Regarding speed, almost $500 billion has been spent to date (see Table 2). What matters for economic growth is the pace of stimulus spending, which surged from nothing at the start of 2009 to over $100 billion (over $400 billion at an annual rate) in the second quarter. That is a big change in a short period, and it is one major reason why the Great Recession ended and recovery began last summer.7

    Critics who argue that the ARRA failed because it did not keep unemployment below 8% ignore the facts that (a) unemployment was already above 8% when the ARRA was passed and (b) most private forecasters (including Moody’s Analytics) misjudged how serious the downturn would be. If anything, this forecasting error suggests the stimulus package should have been even larger than it was.


    This study attempts to quantify the contributions of the TARP, the stimulus, and other government initiatives to ending the financial panic and the Great Recession. In sum, we find they were highly effective. Without such a determined and aggressive response by policymakers, the economy would likely have fallen into a much deeper slump.
    Here is the relevant analysis: Why does Conservative continue to dodge it at every turn?
    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
    Nonsense. This is simply your uninformed, completely subjective opinion. All relevant data analysis suggests otherwise.
    Guess the Bureau of Labor statistics is wrong as well. I am in good company

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

    Quote Originally Posted by Conservative View Post
    Obama controlled the economic policies for two years and did nothing to promote the private sector job growth or creation. Private sector cannot print money and thus when costs go up they have to generate the business to pay for those costs. You really ought to get out more
    No, he goes through congress. So, no he doesn't have complete control. Government as a whole doesn't have that kind of control. You are simply wrong in thinking government controls the economy. If they did, the economy would never be bad.

    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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