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Thread: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    In economic terms -- as in most others -- Bush was a total failure.
    For once, we agree.

    Though where we disagree again is on Obama.

    I think he is almost as total of a failure.

    He (and the Fed) have spent trillions of dollars to throw at the economy and the result?

    Stagnation.

    So much so that even more Fed money 'printing' is coming in the form of QE3.

    And then I think there will be QE4 and QE5 and so on....

    The economy is a mess.

    And! Imo, GWB and Obama and ESPECIALLY the Fed are primarily to blame (along with the macro economic ignoramuses in both parties who support their respective POTUS's).

    I await your normal condescending, bile filled rant in reply.


    Have a nice day.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by jonny5 View Post
    Unfortunately, the debt caused by all of this means higher taxes. The average tax payer has to now pay an additional 30k in taxes to pay back the 700bn cost of the rest of the stimulus that we had to borrow, the 4 trillion in extra spending, and the deficit caused by the payroll tax cut, as they didnt reduce benefits which the payroll tax pays for directly.
    Get a grip, dude. The taxpayer picks up the tab for the net interest on the debt. Nothing else. Principal due each month as notes mature is simply rolled over, typically to the same investor, but if he is actually interested in liquidating his position, then to a different investor instead. Ten-year Treasuries closed yesterday at a yield of 1.77%. People are lined up around the block watiing to lend us money.

    We will in any case never pay off the debt. As in not ever. No one has so much as a fleeting thought of a plan for actually paying off even a part of it at any point in the foreseeable future. I know -- if a household tried to do that, why.....

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by jonny5 View Post
    The problem is more of tax cuts being tied to political ideology rather than efficient funding. Taxes should be broad and minimal, to bring in the desired amount of revenue with the least burden to taxpayers.
    And the least burden is that which would be felt by the rich.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    Even if it were just 6,000 per day, it would wipe out half of your supposed "headline" number, which the right-wing so much as mentions only because of its direction.
    Prove it.

    With links to factual information from unbiased sources.


    Have a nice day,

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    FYI, the stimulus bill provided the largest two-year tax cut in US history. Might not have been widely reported in the disinformation media though.
    The media didn't report it as such because most are grownups that use relative terms when talking about these sorts of things.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    We will in any case never pay off the debt. As in not ever. No one has so much as a fleeting thought of a plan for actually paying off even a part of it at any point in the foreseeable future. I know -- if a household tried to do that, why.....
    Though I agree the likelihood is probably very low.

    Only the most ignorant and childish of economist would ever say the debt will 'never' be paid off.

    No one knows the future and all it's possible permutations.

    To claim otherwise is both unscientific and irrational.


    Have a nice day.
    Last edited by DA60; 09-13-12 at 01:37 PM.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by DA60 View Post
    You are correct - I mistyped. I meant that the jobless claims have for the last half year have always been revised higher (meaning the truth ALWAYS turns out to be worse then the initial report).
    No, late reporting from states is added in. There can be corrections to prior week reporting by states as well that could cause an advance number to be revised downward. Either way, there is EXACTLY NO EVIDENCE AT ALL to support insipid theories of a conspiracy to deceive the public at BLS. Those are the domain of pure tin-foil hat crazies.

    Quote Originally Posted by DA60 View Post
    And speaking of being wrong - are you going to finally admit that you got it wrong when you typed 'There is nothing about new jobs in the ARRA.'?
    Sheesh!!! You're like the Bayonne Bleeder trying to make it through that 15th Round against Ali. As has been repeatedly explained, there is no distinction between jobs saved and jobs created in the CBO and other analyses of ARRA's overall peformance. Those reports are all consistent with some 3+ million jobs being present in the economy that would not have been without ARRA, but there was no attempt made to determine which of those were saved jobs and which were created jobs. Is that REALLY such a difficult thing to understand???

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    No, late reporting from states is added in. There can be corrections to prior week reporting by states as well that could cause an advance number to be revised downward.
    Every single week for roughly the past 1/2 year the numbers have been revised in the same direction.

    I will let others decide what they make of that.

    Sheesh!!! You're like the Bayonne Bleeder trying to make it through that 15th Round against Ali. As has been repeatedly explained, there is no distinction between jobs saved and jobs created in the CBO and other analyses of ARRA's overall peformance. Those reports are all consistent with some 3+ million jobs being present in the economy that would not have been without ARRA, but there was no attempt made to determine which of those were saved jobs and which were created jobs. Is that REALLY such a difficult thing to understand???
    And still folks, he cannot admit he erred.

    Though the proof is staring him in the face.

    http://narcissisticpersonalitydisorder.org/


    Have a nice day.
    Last edited by DA60; 09-13-12 at 01:53 PM.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Cardinal Fang View Post
    Things such as growth and change are relative concepts to start out with. Bigger THAN something. Different FROM something. See how that works? This is why the grownups often use relative terms when talking about these sorts of things.
    So youre saying Im a child?

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by DA60 View Post
    Correction.
    Unconditional surrender is what would long ago have been called for. Try reading this over and over and over again until what is patently evident on the surface of it finally starts to sink in...

    ARRA did what it was designed and projected to do. Everyone credible -- including of course CBO -- agrees that it did. The measure used from the outset was jobs existing in the economy that would not have been there without the effects of ARRA. There is nothing about new jobs.

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