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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
    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
    A misery index does not define the relative scope of an economic down turn. In 1932, the misery index would have been in the lower teens (unemployment near 20%, inflation @ -10%).
    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 did and I agree with him.
    What a shock, you agree with him? Liberals are like a pack of wolves.

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

    Quote Originally Posted by Conservative View Post
    Low interest rates benefit the American consumer much better than in 81-82 thus making that recession worse on the American people.
    I am talking the cost of borrowing for the government. Clearly, the private sector does not sheer your point of view (see europe).
    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
    What a shock, you agree with him? Liberals are like a pack of wolves.
    So, when someone agrees with you, that's copnservatives being a pack of wolves? Just making sure I undersand your point.

    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
    A misery index does not define the relative scope of an economic down turn. In 1932, the misery index would have been in the lower teens (unemployment near 20%, inflation @ -10%).
    The misery index indicates the affect on the American consumer and it was worse in the 80's than it was when Obama took office

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

    Quote Originally Posted by Dittohead not! View Post
    That's because the price of houses was artificially inflated due to the creative mortgages that allowed people to buy houses that they couldn't afford.
    Cool. But that is not the case here. With the destruction of NASA and the elimination of many defense programs houses all around mine began selling at a discount.

    Fortunately I can still afford the house I built. But its value has steeply declined.

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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.
    Anyone ignorant of political economy or financial economics will crow about the 81-82 recession. The funny thing is, net wealth increased steadily throughout 81-82.
    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
    What exactly has Obama wanted that he didn't get that would have benefited the economy?
    a competent and functional Congress.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by Conservative View Post
    The misery index indicates the affect on the American consumer and it was worse in the 80's than it was when Obama took office
    What was the misery index during the 1930's?
    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
    I am talking the cost of borrowing for the government. Clearly, the private sector does not sheer your point of view (see europe).
    Don't have to look at Europe, just follow what Obama is trying to do here. Europe is on fire and arrogant liberals want that misery equally here

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