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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Fletch View Post
    First, the recession ended 3 years ago. Second, as Sheik Yerbuti pointed out, much of the decline in the labor force is baby boomers retiring. That has the duel impact of lowering income tax revenues while increasing the drain on the treasury. What we have is a structural problem where a declining work force will have to support a growing population that has retired and living off of SS and Medicare. The trillion dollar annual budget deficit is something that may never go away. Unless, someone steps forward and leads on the issue. And I see no presidential candidate in either party ready to step forward and lead on that issue.
    Because of economic conditions retirements have been postponed by many baby boomers and the reality is 1.059 million discouraged workers weren't counted last month and that is after spending trillions and trillions of dollars to stimulate and grow the economy. That is a disaster. This country cannot afford trillion dollar deficits for ever as the value of our dollar is going to be worthless. We are seeing now what happens when you create a unified budget and put SS/Medicare on budget and spend that money on social programs that have failed. We are broke and Obama is stepping on the gas

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Fletch View Post
    First, the recession ended 3 years ago. Second, as Sheik Yerbuti pointed out, much of the decline in the labor force is baby boomers retiring. That has the duel impact of lowering income tax revenues while increasing the drain on the treasury. What we have is a structural problem where a declining work force will have to support a growing population that has retired and living off of SS and Medicare. The trillion dollar annual budget deficit is something that may never go away. Unless, someone steps forward and leads on the issue. And I see no presidential candidate in either party ready to step forward and lead on that issue.
    The recession ended but we are still a ways from being fully recovered. As the economy gets stronger deficits will naturally come down. But I agree that there is plenty more we need to do. Taxes will have to be raised, military and other spending must come down, and Medicare badly needs to be reformed.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    We are talking about the GM/Chrysler buyout and the cost benefit of doing that. Taxpayers are losing billions on this deal all because of Obama's desire to save union contracts and keep money coming into the DNC coffers. You certainly can do a cost benefit analysis of the GM/Chrysler takeover but you choose to buy the rhetoric from Obama
    No, we WERE talking about GM/Chrysler, then you moved the goal posts because that's a clear loser for you, and now you're trying to move them back because you hit another wall.

    The bottom line is that taxpayers would have lost many more billions if GM and Chrysler cratered than they will lose as a result of saving them.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    No, we WERE talking about GM/Chrysler, then you moved the goal posts because that's a clear loser for you, and now you're trying to move them back because you hit another wall.

    The bottom line is that taxpayers would have lost many more billions if GM and Chrysler cratered than they will lose as a result of saving them.
    You again are claiming something that you do not know, projections from people you want to believe normally trump reality. We are still talking GM/Chrysler but you want to ignore the cost of that takeover as well as the cost benefit analysis of that takeover. You believe what you are told but are incapable of thinking about the fact that millions of GM/Chrysler vehicles will have to be maintained and that will create demand for new businesses and new jobs. Further the facilities are of value to another auto manufacturer so the loss would have been much much less if any at all.

    As is stands now, Michigan is losing workers, Michigan is losing population, and amazingly experienced union auto workers aren't being retained by others states and other auto companies. Ford did it alone and survived. GM/Chrysler could have done it as well or should have gone through the entire managed bankruptcy process. Even the people of Michigan know that according to the exit polls yesterday.

    I asked you a question and you ran from it, do you support the European style economic model that is failing all over Europe and why do you think it will work here?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    We are talking about the GM/Chrysler buyout and the cost benefit of doing that. Taxpayers are losing billions on this deal all because of Obama's desire to save union contracts and keep money coming into the DNC coffers. You certainly can do a cost benefit analysis of the GM/Chrysler takeover but you choose to buy the rhetoric from Obama
    10 billion out of 4.6 trillion is what percentage, Con?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Because of economic conditions retirements have been postponed by many baby boomers and the reality is 1.059 million discouraged workers weren't counted last month and that is after spending trillions and trillions of dollars to stimulate and grow the economy. That is a disaster. This country cannot afford trillion dollar deficits for ever as the value of our dollar is going to be worthless. We are seeing now what happens when you create a unified budget and put SS/Medicare on budget and spend that money on social programs that have failed. We are broke and Obama is stepping on the gas
    Are you forgetting that there has been a net gain of over 3 million jobs over the last 2 years in the private sector?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Err, you can't really do a cost benefit analysis that way, particularly in view of the fact that much of the deficit is the result of lower revenue due to the recession.
    Isn't Obama quoted for saying pass the stimulus and it will bring unemployment to 6%? Or is that a talking point?
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Are you forgetting that there has been a net gain of over 3 million jobs over the last 2 years in the private sector?
    Have you forgotten that is still a net private sector job loss? Doesn't matter to you, does it? You have a job so the hell with those that don't. Just like you did well in the stock market forgetting that most of those 23 Plus million unemployed aren't as fortunate as you. Doesn't really matter to a liberal who says they care about compassion but never generates compassionate results.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Exactly. They don't. Which is why I was slamming Veritis and Conservative for trying to establish a connection between the two where none exists.

    That was the nuance which eluded you for skipping to the end of the thread.
    Excuse me sir, I call that being lazy. Thanks.

    lol
    Last edited by Blue_State; 02-29-12 at 12:59 PM.
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    You again are claiming something that you do not know, projections from people you want to believe normally trump reality. We are still talking GM/Chrysler but you want to ignore the cost of that takeover as well as the cost benefit analysis of that takeover. You believe what you are told but are incapable of thinking about the fact that millions of GM/Chrysler vehicles will have to be maintained and that will create demand for new businesses and new jobs. Further the facilities are of value to another auto manufacturer so the loss would have been much much less if any at all.

    As is stands now, Michigan is losing workers, Michigan is losing population, and amazingly experienced union auto workers aren't being retained by others states and other auto companies. Ford did it alone and survived. GM/Chrysler could have done it as well or should have gone through the entire managed bankruptcy process. Even the people of Michigan know that according to the exit polls yesterday.

    I asked you a question and you ran from it, do you support the European style economic model that is failing all over Europe and why do you think it will work here?
    I can only advise you to read up on the subject so you have some basis to discuss it. There are at least two good books about this and I've read both of them. Just pulling stuff out of your butt isn't helping.

    First of all, GM and Chysler new hires are being paid at the same rate as non-union workers elsewhere in the country.

    Second, you can't compare Ford to GM and Chrysler. Ford had the foresight to take out massive loans -- literally putting the enire company, down to the blue Ford oval trademark -- in hock just before the Great Recession hit. That gave them the capital they needed to weather the storm. If they had waited another six months to do that they would have been in exactly the same boat as GM and Chrysler because private financing dried up completely.

    Third, you want to argue that parts workers would have maintained employment, but you don't understand that Delphi -- GM's primary supplier -- was in even worse shape than GM, and only survived because of the bailouts. Delphi and other suppliers would have gone under, which would have been a major problem for Ford. That's why Ford supported the bailout of two of its biggest rivals. They didn't support the bailouts just because they're nice guys.

    Fourth, you are of course wrong about Michigan's unemployment. It is down about 5% from a high of 14.1% in early 2009. It's now at 9.3%, or not much higher than the national average.
    Last edited by AdamT; 02-29-12 at 12:59 PM.

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