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US economy creates 243,000 jobs in January

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Which is entirely true, btw. The recession is not affecting all states equally.


Why is that in your view. Being from Maryland myself, only recently moving to SC, I know that the two states are worlds apart in terms of cost, and quality of living.


j-mac
 
You make no points, just pontificate book smart theory ignoring reality and street results.

"book smart theory" is a meaningless term you spew as a means of alleviating yourself from being properly informed about issues you obsessively discuss. Do not blame me for your lack of effort.
 
Why is that in your view. Being from Maryland myself, only recently moving to SC, I know that the two states are worlds apart in terms of cost, and quality of living.


j-mac

The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.
 
The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.


Real estate had definately a card to play in pushing it over the edge, however, I would say that many more factors played into this currrent climate.

j-mac
 
The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.

States that felt less impact from the real estate crisis did not realize massive losses in net wealth. It is wealth (not income) that drives domestic investment.
 
When the value of the dollar crashes, it wont be the fault of only one corrupt politician. Such thinking is idiotic. There are many people to blame on BOTH sides. And the very fact that two polarized sides exist is no accident. Why can't people see that this is being done as a distraction???
 
When the value of the dollar crashes, it wont be the fault of only one corrupt politician. Such thinking is idiotic. There are many people to blame on BOTH sides. And the very fact that two polarized sides exist is no accident. Why can't people see that this is being done as a distraction???

The dollar is incapable of "crashing" because it is the world reserve currency. Therefore, every nation that is heavily invested in dollar denominated assets will continue to support the dollar by means of either monetary intervention (as the Chinese do) or via continued purchases in U.S. dollar denominated assets (as do all nations with a positive current account with the U.S.).

You can refer to this as the "financial dark matter" that keeps everything glued.
 
The dollar is incapable of "crashing" because it is the world reserve currency. Therefore, every nation that is heavily invested in dollar denominated assets will continue to support the dollar by means of either monetary intervention (as the Chinese do) or via continued purchases in U.S. dollar denominated assets (as do all nations with a positive current account with the U.S.).

You can refer to this as the "financial dark matter" that keeps everything glued.

It won't be long now before the dollar is demoted from that status. It has already been considered. Look into it.

It's laughable. Americans think their unearned position at the top of the food chain will last indefinitely. But all things come to an end.
 
It won't be long now before the dollar is demoted from that status. It has already been considered. Look into it.

It will require another nation with enough wealth to run persistent current account deficits to the extent that currency inflows to the said nation result in other economies to become heavily invested in assets denominated by this currency. Given its sheer population and resource availability, China and its currency look to replace the dollar as the world reserve once the mercantilist mentality ceases, and a domestic economy develops to the point where Chinese exports the RYB to a reserve status. But until that time, the U.S. will continue to maintain the reserve status.

It's laughable. Americans think their unearned position at the top of the food chain will last indefinitely. But all things come to an end.

Nonsense. You have proven to be ignorant in regards to international finance (specifically foreign exchange), and therefore have not offered a credible response.
 
The Senate and the House DO have access to essentially the same intelligence as the President. The leadership on the intelligence communities have regular, enduring intelligence briefings. The leadership of both parties are briefed and may ask questions. If you did not know that before you know it now.
They did not have "access to essentially the same intelligence as the President," don't be ridiculous.

Here's the NIE the president had ...

http://www.fas.org/irp/cia/product/iraq-wmd-nie.pdf

...and here's the NIE that everyone in the Congress had ...

http://usiraq.procon.org/sourcefiles/2002 National Intelligence Estimate.pdf

Those two documents not alike, not even "essentially."

The only members of Congress who had access to the 96 page NIE the president had access to were the members of the intelligence committees and they are not allowed to provide classified intell to other members without the proper clearance. That doesn't mean intelligence committee members don't sometimes slip up but that is not access.
 
"book smart theory" is a meaningless term you spew as a means of alleviating yourself from being properly informed about issues you obsessively discuss. Do not blame me for your lack of effort.

I will never blame you for lack of effort to spew book smart ignorance but will blame you for ignoring substance and actual facts.
 
They did not have "access to essentially the same intelligence as the President," don't be ridiculous.

Here's the NIE the president had ...

http://www.fas.org/irp/cia/product/iraq-wmd-nie.pdf

...and here's the NIE that everyone in the Congress had ...

http://usiraq.procon.org/sourcefiles/2002 National Intelligence Estimate.pdf

Those two documents not alike, not even "essentially."

The only members of Congress who had access to the 96 page NIE the president had access to were the members of the intelligence committees and they are not allowed to provide classified intell to other members without the proper clearance. That doesn't mean intelligence committee members don't sometimes slip up but that is not access.
How did the members of the intelligence committee who had full access to the intelligence vote on the Iraq War Authorization?
 
I will never blame you for lack of effort to spew book smart ignorance but will blame you for ignoring substance and actual facts.

Now you are just looking desperate to get the last word.

What the **** does "book smart ignorance" even mean?
 
Now you are just looking desperate to get the last word.

What the **** does "book smart ignorance" even mean?

Book smart ignorance means you ignore human nature/behavior and individual personalities which drives activity more than any theory or economic principles. People cannot print money therefore will react differntly than the govt. that can print money. Economic activity is driven more by human nature and desires than you will admit.

When the Federal govt. raises taxes or the states raise taxes, individuals will migrate to lower tax states which means states like TX and N.D. or other low tax states and that is why states have different economic conditions and are affected by the recession differently. Since people cannot print money they will help their economic condition by getting away from higher state taxes as they are locked in to higher Federal Taxes with little they can do about it other than move which they will do.
 
Now you are just looking desperate to get the last word.

What the **** does "book smart ignorance" even mean?

It means having a ****ing clue what you're talking about, which is anathema to some Conservatives.
 
Book smart ignorance means you ignore human nature/behavior and individual personalities which drives activity more than any theory or economic principles. People cannot print money therefore will react differntly than the govt. that can print money. Economic activity is driven more by human nature and desires than you will admit.

Nope! Book smart ignorance is an oxymoron you created as a defense mechanism whenever someone brings up a point in which you do not understand. Instead of actually trying to learn something, you go off on a tangent that has absolutely nothing to do with this thread, e.g.
You make no points, just pontificate book smart theory ignoring reality and street results.

After explaining that some European nations are stuck in a demand trap as a result of non-sovereign central banking mechanisms of the Eurozone, you reply with:

There are many states in this country having no problem inducing investments with N. Dakota and TX being two

Which has absolutely NOTHING to do with my point at all. Its as if i am describing a particular play during a football game, and you are responding with how many strikeouts so-and-so had last season. If you refuse to stay relevant, then we have nothing further to discuss.
 
It means having a ****ing clue what you're talking about, which is anathema to some Conservatives.

Yep, I am sure you are an expert on my background and experience level. I only hope that someday I can be half as smart as most liberals believe they are including you.
 
It means having a ****ing clue what you're talking about, which is anathema to some Conservatives.

It shows he is just desperate to get off topic.
 
Nope! Book smart ignorance is an oxymoron you created as a defense mechanism whenever someone brings up a point in which you do not understand. Instead of actually trying to learn something, you go off on a tangent that has absolutely nothing to do with this thread, e.g.

After explaining that some European nations are stuck in a demand trap as a result of non-sovereign central banking mechanisms of the Eurozone, you reply with:



Which has absolutely NOTHING to do with my point at all. Its as if i am describing a particular play during a football game, and you are responding with how many strikeouts so-and-so had last season. If you refuse to stay relevant, then we have nothing further to discuss.

We obviously have nothing further to discuss as you are playing a game and I am living reality. fact is that European style economy that liberals always want continues to fail because of human nature and human activity. The entitlement state has changed personal behavior and destroyed incentives thus has destroyed the European economies. Problem is arrogant liberals don't get it and never will. This group of liberals always has to clean up the mess of the previous group of liberals just like future liberals will have to clean up the mess that liberals of today are creating. Problem is liberal never clean up messes, they just make them worse.
 
If it turns out you are right and the one term Marxist becomes a two term Marxist the setting sun will be the sun setting on what remains of freedom and liberty.

I have a bad feeling about our future. Either way it may already be too late to escape the socialism we are already mired in.
Sounds like you should flee the country while you still can.
 
The story that Obama supporters want to ignore and divert from. What is it about liberalism that causes people to buy the rhetoric and ignore the results?

The Real Employment Data Are Bleak And Don't Look Good For An Obama Re-Election - Investors.com

From your link ...

Even worse for an administration straining to make the case that it deserves to be around for another four years is the real unemployment rate. It's not 8.3%, but closer to 15%, a figure that reflects those who "would like to work but have not searched for a job in the past four weeks as well as those who are working part time but would prefer full-time work," says the CBO.


... what your article doesn't point out is how the real unemployment rate was already over 14% when Obama became president. Along with the worst economy since the Great Depression.
 
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