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Thread: US economy creates 243,000 jobs in January

  1. #1951
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    You made the statement, the burden of proof is on you
    No, in fact I didn't state that "Obama's policies and not TARP" prevented a depression. That's what you said. See, even though TARP passed before Obama took office, he was still responsible for implementing the law, which was really just a broad authorization to assist financial institutions. So, for example, the auto bailouts were effected with the use of TARP funds, which was a creative way to git that done.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    The Fed didn't quite agree with that statement yesterday as well. But all is well.
    What part of what I wrote did the Fed disagree with?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    No, in fact I didn't state that "Obama's policies and not TARP" prevented a depression. That's what you said. See, even though TARP passed before Obama took office, he was still responsible for implementing the law, which was really just a broad authorization to assist financial institutions. So, for example, the auto bailouts were effected with the use of TARP funds, which was a creative way to git that done.
    What you stated was the following:

    The results speak for themselves. We avoided a catastrophic depression. The economy wasn't rocked by the collapse of 2/3 of its homegrown auto industry. GM and Chrysler and both profitable. Employment is growing. Manufacturing is growing. Consumer confidence is growing. The markets have recovered to 2008 levels. Yep ... a real disaster.
    Stop playing your silly little game and why don't you go out and make something of yourself. The results do speak for themselves, more unemployed,fewer people employed, higher misery index, 4.8 trillion added to the debt, crony capitalism, billions lost in the failed takeover of Chrysler/GM, billions lost in failed green energy jobs. I could go on but it is a waste of time dealing with the kool-aid drinkers.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    What you stated was the following:
    Right, that's what I said. Do you have a point?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Right, that's what I said. Do you have a point?
    My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.

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    Re: US economy creates 243,000 jobs in January

    Comon guys, this thread is approaching the magic 2000 postmark where redress comes in and shuts down threads. Anyone been scouting around for another thread where we can continue our never-ending marathon?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.
    In other words, no, you didn't have a point.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... 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."

    -- Adam Smith

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    What part of what I wrote did the Fed disagree with?
    Household spending advanced moderately in the second half of last year, boosted by a fourth-quarter surge in motor vehicle purchases that was facilitated by an easing of constraints on supply related to the earthquake in Japan. However, the fundamentals that support spending continue to be weak: Real household income and wealth were flat in 2011, and access to credit remained restricted for many potential borrowers. Consumer sentiment, which dropped sharply last summer, has since rebounded but remains relatively low.


    In the housing sector, affordability has increased dramatically as a result of the decline in house prices and historically low interest rates on conventional mortgages. Unfortunately, many potential buyers lack the down payment and credit history required to qualify for loans; others are reluctant to buy a house now because of concerns about their income, employment prospects, and the future path of home prices. On the supply side of the market, about 30 percent of recent home sales have consisted of foreclosed or distressed properties, and home vacancy rates remain high, putting downward pressure on house prices. More-positive signs include a pickup in construction in the multifamily sector and recent increases in homebuilder sentiment.
    Against this backdrop of restrained growth, persistent downside risks to the outlook for real activity, and moderating inflation, the Committee took several steps to provide additional monetary accommodation during the second half of 2011 and early 2012. These steps included changes to the forward rate guidance included in the Committee's post-meeting statements and adjustments to the Federal Reserve's holdings of Treasury and agency securities.

    FRB: Testimony--Bernanke, Semiannual Monetary Policy Report to the Congress--February 29, 2012
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by treedancer View Post
    Comon guys, this thread is approaching the magic 2000 postmark where redress comes in and shuts down threads. Anyone been scouting around for another thread where we can continue our never-ending marathon?
    Comically, it comes and goes to the same points on a daily basis.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    My point is you are going to play your games and nothing is ever going to change your mind. Apparently you support the Obama economic policy which says a lot about you. You can run from his record but you cannot hide from it. Obama policies do not have the cost benefit to warrant the debt created for the results generated and anyone with an objective mind can see that.
    and you continue to play your 'games', and nothing is ever going to change your mind, things continue to improve, stock market up, continued job creation, GM, Chrysler, Ford all making profits, creating new jobs(union jobs i might add)...it absolutely kills you to see things improving this close to an election.

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