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

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

    Quote Originally Posted by Eighty Deuce View Post
    Then what it says is incorrect. While changing leaders is no guarantee of success, to not change this one is a guarantee of failure.
    Nonsense. We are a mixed economy that is dominated by market orientated ideals. How does changing the President allow the construction industry to thrive? Analysis of previous employment reports during normal expansionary periods shows that construction employment (you know, people building new residential, commercial, and industrial structures) is a key driver of employment growth during the spring and early summer months. So please explain your argument in detail; two sentences does not cut it!
    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 Mycroft View Post
    Anyone who seriously believes the unemployment rate has fallen has a serious problem and seriously needs to have their head examined.

    What's seriously pathetic about our citizens is that a lot of them will seriously believe it.

    Houston...we have a serious problem.
    Perhaps you do not understand exactly what unemployment (and its calculations) encompasses. Perhaps this will be of some help.
    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 Ontologuy View Post
    Agreed.

    No one person, or even a handful, left or right, will lift us out of this mess. That's quite evident.

    It will take a major political action by the great majority at or near the center of the political spectrum to ever create the reparative political action America's citizens need.
    You are aware that the current employment status of the U.S. is not politically driven?!?! Right?
    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 Amigo View Post
    False numbers aren't real numbers.
    Please show how these numbers are false or "aren't real".
    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 00timh View Post
    Wait, you mean to tell me that quadrupling our debt for a handful of failed companies to continue to exist while they continue to cut jobs and their overall growth so that their executives can keep their lifestyles is NOT the way out of this mess?? say it isn't so!
    You drew a conclusion and assumed an inference that I did not make. And all the debt increasing didn't come from just a few companies that failed but from a financial sector that held the balance of the markets in their grasp. Maybe exerting a little of that regulatory control would've stemmed the losses of toxic paper that amassed over the last decade.
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by Kushinator View Post
    Ahhh, the faith based approach. Please explain how cutting government spending will boost both consumer and investment demand.
    Quote Originally Posted by Kushinator View Post
    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.
    Can't see anything in your posts that makes sense. Looks like kicking the can still to me, and the cliff is right over there ......

    Consider this. Is it possible to get government more out of the picture so that more private commerce gets back in the picture ?

    Can you explain for us why such as California and Illinois are going over a fiscal cliff all by themselves, while other states that faced their own fiscal disasters, such as Florida, Texas, Wisconsin, and Virginia, have actually reversed that destiny ?

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

    Quote Originally Posted by Ontologuy View Post
    The question about job growth brings up another question or two ..

    .. Does anyone know how many jobs were added last period and how many jobs were lost last period, so that a net jobs gained/lost figure can be presented?

    Also, does anyone know how many living-wage jobs were added last period and how many living-wage jobs were lost last period, so that a net living-wage jobs gained/lost figure can be presented?
    This should suffice.
    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 Eighty Deuce View Post
    Consider this. Is it possible to get government more out of the picture so that more private commerce gets back in the picture ?
    The issue is not that government is crowding out private industry (to even mention such a thing is silly given the state of interest rate differentials between corporate and government debt as well as the current level of labor market slack).

    Can you explain for us why such as California and Illinois are going over a fiscal cliff all by themselves, while other states that faced their own fiscal disasters, such as Florida, Texas, Wisconsin, and Virginia, have actually reversed that destiny ?
    Of course, but you will first have to explain to me how the fiscal pictures of these respective states have anything to do with the topic at hand. I'm not saying your comment is un-interesting. It is just a tangent (red herring).

    Edit: maybe this will give you a better account as to how cutting government spending will inversely impact our nations economic growth at this stage.
    Last edited by Kushinator; 05-04-12 at 04:43 PM.
    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 grip View Post
    Maybe exerting a little of that regulatory control would've stemmed the losses of toxic paper that amassed over the last decade.
    Ever heard of this guy?

    Here was his warning to the financial community in 2005.

    http://www.kansascityfed.org/publica.../rajan2005.pdf
    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 Kushinator View Post
    The issue is not that government is crowding out private industry (to even mention such a thing is silly given the state of interest rate differentials between corporate and government debt as well as the current level of labor market slack).
    Its actually chasing it out. But your assumption is illuminating.


    Of course, but you will first have to explain to me how the fiscal pictures of these respective states have anything to do with the topic at hand. I'm not saying your comment is un-interesting. It is just a tangent (red herring).
    What the state models indicate is that government, in this case comparing apples to apples with different states, can create both a fiscally successful environment, and a fiscally destructive environment. For those that want to know, info so as to compare is easily available.

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