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Thread: Jobs recovery suffers setback in March

  1. #21
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    Re: Jobs recovery suffers setback in March

    Any way you want to look at it...any way you want to spin it...the fact remains: This "recovery" is pathetic.

    Thanks, Obama...for nothing.
    TANSTAAFL

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by washunut View Post
    The fundamentals of the economy are a fiscal policy which creates a $1.3 trillion deficit ( about 9% of GDP) and monetary policy of negative real interest rates.

    You call those a solid basis of building an economy???
    What we have is 24 straight months (or is it 25 now?) of jobs growth, strong corporate profits, strong markets, falling unemployment, rising consumer confidence, expanding manufacturing.... So I'd that things are clearly improving. I don't think anyone is arguing that we won't have to lower deficits in the mid and long term. Trying to lower them now would break the fragile recovery and that would be counterproductive to long-term deficit reduction.
    "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: Jobs recovery suffers setback in March

    Quote Originally Posted by AdamT View Post
    What we have is 24 straight months (or is it 25 now?) of jobs growth, strong corporate profits, strong markets, falling unemployment, rising consumer confidence, expanding manufacturing.... So I'd that things are clearly improving. I don't think anyone is arguing that we won't have to lower deficits in the mid and long term. Trying to lower them now would break the fragile recovery and that would be counterproductive to long-term deficit reduction.
    Please note and try to understand that I did NOT say that the economy was not recovering. You said that the FUNDAMENTALS were sound, that is what I took issue with.

    As a sidenote I wonder what people mean when they say we need to work on the deficit in the midterm. That has been said for three years now, so what you consider midterm. Also I mentioned monetary policies which have nothing to do with the fiscal issues and which you did not address.

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Helix View Post
    this thread is an excellent illustration of why i became an independent. as a strict partisan, one spends half the time carrying water and the other half rooting against economic recovery because it is temporarily politically convenient to do so.
    I have not read all of the posts here, can you point to the ones that are "half rooting against economic recovery because it is politically convenient to do so"?

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by washunut View Post
    I have not read all of the posts here, can you point to the ones that are "half rooting against economic recovery because it is politically convenient to do so"?
    It's Geek for opposing Obama.

  6. #26
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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by washunut View Post
    Please note and try to understand that I did NOT say that the economy was not recovering. You said that the FUNDAMENTALS were sound, that is what I took issue with.

    As a sidenote I wonder what people mean when they say we need to work on the deficit in the midterm. That has been said for three years now, so what you consider midterm. Also I mentioned monetary policies which have nothing to do with the fiscal issues and which you did not address.
    Actually I did not say fundamentals. I quoted an economist who used the word "fundamentals" but who did not say, as you claimed, that the fundamentals "of the economy" are sound. What he said is that the fundamentals "of the recovery are solid." In other words, he was just saying that he didn't think the recent reduction in job growth signaled a serious reversal. I think you read way too much into the comment.
    Last edited by AdamT; 04-07-12 at 03:05 PM.
    "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: Jobs recovery suffers setback in March

    Quote Originally Posted by Navy Pride View Post
    I heard Saddam Hussein (whoops I Mean Hussein Obama I get them mixed up) bragging about this today.............Boy is he clueless.


    Jobs recovery suffers setback in March - Yahoo! Finance

    By Lucia Mutikani
    WASHINGTON (Reuters) - Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.
    That's not clever.
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  8. #28
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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Meathead View Post
    Yeah, of course it's Bush's fault.

    On a more serious note, I can't believe this idiot actually has a chance of re-election.
    Wait who blamed anything on Bush? Was it that Obama inherited a failed economy?


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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by TheDemSocialist View Post
    Wait who blamed anything on Bush? Was it that Obama inherited a failed economy?
    NO Dem Soc, the failed economies are socialist like Greece. If a recession, even a bad one, were indicative of a failed economy the US would be third-world.

  10. #30
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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Meathead View Post
    NO Dem Soc, the failed economies are socialist
    What?!?!?! Its socialist if the private sector and private banks fail? That is absolutely idiotic...

    like Greece.
    The workers own the means of production in Greece?

    If a recession, even a bad one, were indicative of a failed economy the US would be third-world.
    What?

    How is this at all a response to my comment...??


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