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Thread: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

  1. #51
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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Mycroft View Post
    Republicans HAVE proposed alternatives. But Obama and his buddies won't hold any debates. Why do you think THAT is?
    Actually Obama is scheduled to debate Romney 4 times. Republicans will get their opportunity to provide their alternatives during that time. I'm not sure what you're talking about regarding Obama not holding debates.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by AdamT View Post
    One can only surmise that it's the result of a fundamental ignorance of economics. No one disputes that government CAN mess up the economy, e.g. by crowding out investment, pushing interest rates too high, or fueling an asset bubble, but none of those things are happening now. What's happened under Obama is that the Fed has kept interest rates near zero, which helps business and the markets, they've kept inflation, if anything, too low, which helps consumers, they've passed a payroll tax cut to help working people, and they passed a large stimulus bill which primarily helped the states forestall layoffs.

    One can argue that these are bad policies in the long run, due to debt overhang, but you can't realistically argue that these policies have slowed employment growth up until now ... or even that they haven't helped bolster employment growth. If the government had not done these things the current situation would certainly be much worse.
    As Peabody noted, this is a lot of horse manure, not only in what in inaccurately states, but also in what it leaves out.

    Obamacare is a product solely of this President, and the short-lived and disasterous Democrat Congress. That's not "debt over-hang", that's debt bottomless pit.

    Obama has increased the rate of debt accumulation four-fold. His disasterous economic policies not only have wasted a couple trillion taxpayer dollars more than was needed, but has kept $2-3 T in private money out of our market. The beauty with such as Reagan, for example, is that he got that money into the market. Obama is chasing it out. Deliberately so.

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Dittohead not! View Post
    Amazing, just amazing all of the right wingers who expect government to be the solution to the problem. Change the president, and unemployment will drop, and we'll all live happily ever after.
    Its the President's socialist mindset that's ****ed....

    The Socialism bit was tried at Plymouth Rock and quite a few colonists starved to death before they abandoned it. It was tried in Soviet Russia...and failed. It was tried in Cuba...and it's failing. It has been tried in Europe...and it's failing. Do you have to try it again and have it fail for you before you learn the lesson?

    Thats, the issue

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Mycroft View Post
    To believe the unemployment rate has fallen is the denial of reality...and the proof of a need for a head examination.
    You have to keep in mind that AdamT is a proven liar and he's always known for spouting lies and/or false facts on other threads such as Obama's auto bailouts saved MILLIONS and MILLIONS of jobs or that the effect of the trillion spent on the stimulous caused 23 consecutive months of job growth.

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by iliveonramen View Post
    Actually Obama is scheduled to debate Romney 4 times. Republicans will get their opportunity to provide their alternatives during that time. I'm not sure what you're talking about regarding Obama not holding debates.
    I don't think he was referring to presidential campaign debates ( which are virtually worthless).. I think he was speaking more towards congressional policy debates.. in which case, the primary culprit would be Harry Reid, not Obama.. Harry doesn't like debates to happen, that much is crystal clear.. and he gets the filibusters in return for killing debate.

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by cpwill View Post
    that is a misrepresentation. we think that government is a large part of the problem; and so if you reduce or get rid of the ways in which government is holding us back, then the economy will surge ahead.
    1/3 of all layoffs in 2011 were Govt. jobs and they are still declining. Romney promises to cut more govt. jobs and workers pay too. Is that what you mean by getting out of the way? It sounds like more fairytale economics to me. Cutting jobs and pay will raise unemployment not lower it. It has already happened in Europe
    Last edited by iguanaman; 05-04-12 at 04:04 PM.

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by ric27 View Post
    Its the President's socialist mindset that's ****ed....

    The Socialism bit was tried at Plymouth Rock and quite a few colonists starved to death before they abandoned it. It was tried in Soviet Russia...and failed. It was tried in Cuba...and it's failing. It has been tried in Europe...and it's failing. Do you have to try it again and have it fail for you before you learn the lesson?

    Thats, the issue
    The only thing they are trying in Europe is the Conservative austerity budgets they passed and it is making things worse as predicted. But you want to try it here anyway. Whos' the one beating the dead horse now?

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by cpwill View Post
    that is a misrepresentation. we think that government is a large part of the problem; and so if you reduce or get rid of the ways in which government is holding us back, then the economy will surge ahead.
    Ahhh, the faith based approach. Please explain how cutting government spending will boost both consumer and investment demand.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Grim17 View Post
    and hopefully a reduction in government spending.
    A reduction in government spending with levels of high unemployment is a recipe for failure. Of course, i do not expect you to understand why.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by iguanaman View Post
    1/3 of all layoffs in 2011 were Govt. jobs and they are still declining. Romney promises to cut more govt. jobs and workers pay too. Is that what you mean by getting out of the way? It sounds like more fairytale economics to me. Cutting jobs and pay will raise unemployment not lower it. It has already happened in Europe
    In Jan 2011 there were 22,128,000 Government workers nationwide. In Dec 2011 there were 22,333,000, that's a net increase of 205,000 employees. In Jan 2009 when Obama took office there were 22,471,000 Government workers nationwide, as of April 2012 22,404,000. Since Obama took office we have all of 67,000 less Government employees.

    Source: Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail [In thousands] Check the box Government in the Non Seasonally adjusted for the raw data.
    Last edited by Prof. Peabody; 05-04-12 at 04:17 PM.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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