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U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

Eighty Deuce said:
LOL .... then tell us all why its not a good produced by a productive American for sale on the shelves across the land, but rather an imported product ? We are not competing well enough with our productivity, primarily with our high labor and tax costs.

Good luck with the HS classes, btw. ;)
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That's a gross exaggeration of course, but in general the reason for the influx of foreign products is obvious; we aren't a third world country and we can't compete with third world countries on wages. The answer is not to become a third world country in order to compete. The answer is to expand our output of value-added goods and services that less sophisticated countries can't provide.
 
AdamT said:
That's a gross exaggeration of course, but in general the reason for the influx of foreign products is obvious; we aren't a third world country and we can't compete with third world countries on wages. The answer is not to become a third world country in order to compete. The answer is to expand our output of value-added goods and services that less sophisticated countries can't provide.
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And exactly where is the incentive to do that with this Administration that continues to subsidize "green energy" jobs competing against other countries with lower wages and taxes while demonizing individual wealth creation, innovation, creativity, and risk taking?
 
Conservative said:
Probably the best definition of Obama and his supporters that I have seen, they all promote ineptocracy
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Just a new name for conservative government. Look it up in the latest dictionary and there will be a photo of Bush next to the definition.
 
haymarket said:
Just a new name for conservative government. Look it up in the latest dictionary and there will be a photo of Bush next to the definition.
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Get someone to explain the definition to you if you believe that definition defines Conservative government
 
Conservative said:
Get someone to explain the definition to you if you believe that definition defines Conservative government
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It certainly describes the government of that idiot in your sig pic.
 
AdamT said:
That's a gross exaggeration of course, but in general the reason for the influx of foreign products is obvious; we aren't a third world country and we can't compete with third world countries on wages. The answer is not to become a third world country in order to compete. The answer is to expand our output of value-added goods and services that less sophisticated countries can't provide.
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To become more productive. Cost of production is a huge factor in measuring productivity, as you now agree. My original point was that we were becoming less productive. "Productive" is most certainy a relative consideration, is it not, as in it does not matter how productive you think you are if everyone else produces more than you at less expense ?

Further, when one person is working and producing, but the entity standing next to him is not, yet both must survive off the profits of what is produced by the one, we have a further consideration in how "productive" we are, do we not ?

Does this get me another ad-hom from you ? Flail away :)
 
haymarket said:
It certainly describes the government of that idiot in your sig pic.
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What does Bush have to do with the election of 2012 after 3 years of Obama? I will wait for you to have someone explain the definition to you of Ineptocracy (in-ep-toc-ra-cy)

By the way did you notice all those "idiots" in the picture behind Bush, too bad we don't have that kind of respect today by our military for the current CIC
 
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Conservative said:
What does Bush have to do with the election of 2012 after 3 years of Obama? I will wait for you to have someone explain the definition to you of Ineptocracy (in-ep-toc-ra-cy)

By the way did you notice all those "idiots" in the picture behind Bush, too bad we don't have that kind of respect today by our military for the current CIC
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You mean the entire nation of 300 million people was not totally and completely changed on January 20th 2009 when Obama became President and there were no policies in effect that had long term impact upon the people of this nation?
 
haymarket said:
You mean the entire nation of 300 million people was not totally and completely changed on January 20th 2009 when Obama became President and there were no policies in effect that had long term impact upon the people of this nation?
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No, 52% of the people bought the Obama rhetoric and the media spin regarding the Bush record. Obama's approval rating then jumped into the 70's until people started seeing that the Obama rhetoric wasn't matched by the results generated. Obama showed terrible leadership skills by pushing a totally partisan stimulus package through in Chicago style and making promises that he never delivered. Once the stimulus package passed instead of seeing it through and making sure it addressed the unemployment problem he jumped into healthcare, a job killer. His argument was "I won, you lost" so basically live with it.

His leadership skills consist of dividing people, promoting class warfare, demonizing individual wealth creation, and promoting more dependence. He will demonize his opposition since he cannot run on his record and in his mind hopefully create enough dependent people to assure 4 more years because he is buying their vote
 
Conservative said:
What does Bush have to do with the election of 2012 after 3 years of Obama? I will wait for you to have someone explain the definition to you of Ineptocracy (in-ep-toc-ra-cy)

By the way did you notice all those "idiots" in the picture behind Bush, too bad we don't have that kind of respect today by our military for the current CIC
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have you personally polled every member of the military? whats that? no you havent? didnt think so, yet another one of your opinions that you try to push off as fact.
 
randel said:
have you personally polled every member of the military? whats that? no you havent? didnt think so, yet another one of your opinions that you try to push off as fact.
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And of course you never pass off your opinions as fact nor does any other liberal here? Yeah, right.
 
Conservative said:
And of course you never pass off your opinions as fact nor does any other liberal here? Yeah, right.
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i'm pretty good at stating when i'm posting just my opinion(hint...usually, i will preface my remarks with ' in my opinion, or imo, or in my humble opinion'..) what you are spouting is your opinion, not backed up by fact...it is what it is
 
randel said:
i'm pretty good at stating when i'm posting just my opinion(hint...usually, i will preface my remarks with ' in my opinion, or imo, or in my humble opinion'..) what you are spouting is your opinion, not backed up by fact...it is what it is
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BEA.gov, BLS.gov, U.S. Treasury, U.S. Census data aren't opinions, they are facts. Those are the facts that you ignore and have never refuted.
 
Conservative said:
BEA.gov, BLS.gov, U.S. Treasury, U.S. Census data aren't opinions, they are facts. Those are the facts that you ignore and have never refuted.
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divert much? not discussing BEA, BLS, US TREASURY, US CENSUS, so on and so forth...we were discussing your assertion that the military doesnt respect the president.....even if were discussing the alpabet soup of agencies you use, they are only good so long as someone doesnt use them against you.....
 
Republicans have a point in what they say about the economic reports, but strategically they should be careful because it makes them look cold and unpresidential to turn relatively good economic news into an attack on Obama.
 
randel said:
divert much? not discussing BEA, BLS, US TREASURY, US CENSUS, so on and so forth...we were discussing your assertion that the military doesnt respect the president.....even if were discussing the alpabet soup of agencies you use, they are only good so long as someone doesnt use them against you.....
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The military is professional and respects the office but not the man in that office. why would anyone respect the person who went against the military request on the surge numbers for Afghanistan and for not negotiating a token force in Iraq to protect the gains the U.S. Achieved there. Does this look like respect for Obama?

Obama Like Nixon with Respect to Troops' Lives
 
Conservative said:
The military is professional and respects the office but not the man in that office. why would anyone respect the person who went against the military request on the surge numbers for Afghanistan and for not negotiating a token force in Iraq to protect the gains the U.S. Achieved there. Does this look like respect for Obama?

Obama Like Nixon with Respect to Troops' Lives
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your opinion, nothing more....you are projecting your opinion on to everyone in the military...and before you start with the whole 'i've got family members in the military spiel'...so what, i do to.
 
Conservative said:
His leadership skills consist of dividing people, promoting class warfare, demonizing individual wealth creation, and promoting more dependence. He will demonize his opposition since he cannot run on his record and in his mind hopefully create enough dependent people to assure 4 more years because he is buying their vote
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Its really hard to demonize angels of pure goodness. Fortunately, he does not have to do that. All he has to do is let the demons unfurl their own leathery wings and display their fangs to the nation. And they will. They cannot help it. They most certainly will.
 
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randel said:
perhaps you should read what you link to, as you appear to be cherry picking quite heavily....
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Point out the cherry picked data. Maybe you ought to get your union steward to interpret it for you
 
Conservative said:
Point out the cherry picked data. Maybe you ought to get your union steward to interpret it for you
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and perhaps you could have your nurse there at the old folks home interpret it for you, you really wanna keep going with insults? game on
 
Eighty Deuce said:
Explain the flip flop. That you do not understand how we have propped up our standard of living for four decades, while also sending more of our dollars overseas by purchasing goods made there, is a problem with your current level of education.
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Running a current account deficit does not in any way equate to being less productive nor does it predict future declines in U.S. standard of living. International trade allows consumption outside of our productive capacity. A key aspect of U.S. productivity is allowing international trade to harness our comparative advantage. As far as i am aware, the United States is a global leader in manufactured goods (China took the top spot in March of 2011).

Tomorrow, go to our #1 retailer. WalMart. Start looking at "made in" labels. Then Target. Then Home Depot. Etc. Then look to see if we have a trade deficit still. Then try to figure out how we maintain our standard of living being a country of pizza delivery folks. (exageration, but maybe it will help you)
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The U.S. has a trade deficit due to a low savings rate. However, this does not negate U.S. capabilities.
 
Rhapsody1447 said:
Consumption fueled by debt and income growth that outpaces productivity growth leads to long-term debt cycles and eventual deleveragings.
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Inflation is the result of income growth outpacing productivity growth to which there is very little in the near term. However, households are undeniably feeling the pinch as indicated by the balance sheets of all households and non profit organizations:

fredgraph.png


To blame it on a negative current account misses the forest for the trees.

Thinking we can borrow enough money to throw at the problem in an attempt to temporarily prop up demand doesn't fix a problem that was brought on by overleverage in the first place.
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Do you have any data that suggests that U.S. liabilities as a percentage of assets are anywhere near a level that would lead you to believe that the whole country (not just the financial system which was undoubtedly over leveraged observable by bank N.E.C. loans) has been over-leveraged to the point where the article you presented maintains any credibility? Before you dig up the data, what would be an intuitive level of liabilities to assets that gives you alarm (and no, unfunded liabilities do not play into this realm)?
 
Goldenboy219 said:
Running a current account deficit does not in any way equate to being less productive nor does it predict future declines in U.S. standard of living. International trade allows consumption outside of our productive capacity. A key aspect of U.S. productivity is allowing international trade to harness our comparative advantage. As far as i am aware, the United States is a global leader in manufactured goods (China took the top spot in March of 2011).

The U.S. has a trade deficit due to a low savings rate. However, this does not negate U.S. capabilities.
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Are you aware of what is happening in Greece ? Italy ? Ireland ? To their standards of living ? What does "austerity measures" mean to you ?

Comparative advantage was a neat thing for a long time. But now, an American can invent something, or take some brilliant idea, and if you blink its being made in China or Indonesia, etc., before we have one off the assembly line. What used to be a head start of a decade in now worth about 10 minutes. Free and open trade now guarantees that our standard of living will be pulled down to that of the folks whose products we buy. You can see it ebb in the size of our trade deficits.

We have propped ourselves up with deficit spending. Bloated government. We have to cut a trillion per year from our budget before too long. What is that going to do to our standard of living ?

This ain't rocket science by a long shot. Its pretty much X's and O's.
 
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