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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 Goldenboy219 View Post
    Stimulus II...
    That is this year, do you even know what is in stimulus two? Who pays for the jobs created under stimulus two when the Federal Money runs out?

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

    Quote Originally Posted by Conservative View Post
    What exactly did Obama want that he didn't get his first two years in office that would have created a better economy? The results are what they are yet you keep ignoring them.
    I see will continu to skip the point, it doesn't matter whether he got everything he asked for or didn't as he does not control the economy. Even if he had gotten Stimulus II he would not have been able to control the economy.

    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 Goldenboy219 View Post
    No it has not. The net job losses are a result of the worst economic downturn since 1929.
    That is your opinion doesn't look like you lived during the 81-82 recession as you ignore the impact on the American people with its 19.33 misery index but that is for another thread

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

    Quote Originally Posted by Thunder View Post
    are you suggesting that Obama is counting the unemployed in a way different than Schrub, Clinton, Bush, or Reagan did?
    I am suggesting that he is cooking the books. What do you think?

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

    Quote Originally Posted by Conservative View Post
    That is your opinion doesn't look like you lived during the 81-82 recession as you ignore the impact on the American people with its 19.33 misery index but that is for another thread
    I did and I agree with him.

    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
    That is this year, do you even know what is in stimulus two? Who pays for the jobs created under stimulus two when the Federal Money runs out?
    Interest rates are @ all time lows! Clearly the credit markets have an entirely different position (and they are actually putting their money where their mouth is). Stimulus II needs to be @ 7% GDP to have a meaningful impact.
    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
    I see will continu to skip the point, it doesn't matter whether he got everything he asked for or didn't as he does not control the economy. Even if he had gotten Stimulus II he would not have been able to control the economy.
    People here blame Bush for what they call the worst downturn since the Great Depression, most not old enough to know about the 81-82 recession.

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

    Quote Originally Posted by Goldenboy219 View Post
    Interest rates are @ all time lows! Clearly the credit markets have an entirely different position (and they are actually putting their money where their mouth is). Stimulus II needs to be @ 7% GDP to have a meaningful impact.
    Low interest rates benefit the American consumer much better than in 81-82 thus making that recession worse on the American people.

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

    Quote Originally Posted by Conservative View Post
    People here blame Bush for what they call the worst downturn since the Great Depression, most not old enough to know about the 81-82 recession.
    I'm asking you to address me and not people here. And I am old enough to remember.

    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 Thunder View Post
    my 401k increased during the Great Recession. about 30%
    That is good for you. I do not believe I am atypical.

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