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Thread: Job growth cools slightly, recovery grinds on [W:225]

  1. #181
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    When did i say that? You have a poor habit of putting words in people's mouths. Population growth must necessarily feed economic growth.
    It's a little tough to say which causes the other, isn't it. Did lack of population growth cause the Great Depression, or did the Great Depression slow population growth?

    It is ridiculous to compare the early 20th century economy to that of our own. It is akin to comparing the U.S. to Greece.
    So there is nothing that can be learned by studying it? That's pretty dismissive.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    And that happened all of sudden why exactly?
    Sales began to fall, credit began to constrict. That causes corporations to begin getting defensive in regards to their cash flows and stock prices.
    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

  3. #183
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    Sales began to fall, credit began to constrict. That causes corporations to begin getting defensive in regards to their cash flows and stock prices.
    And why did spending fall? You can't say increasing spending fixes the problem if don't know why spending fell in the first place. What prompted the response?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    And why did spending fall?
    Credit began to constrict.
    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: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    So there is nothing that can be learned by studying it?
    Not in regards to our particular situation.
    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

  6. #186
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    re: Job growth cools slightly, recovery grinds on [W:225]

    [QUOTE]
    Quote Originally Posted by Fenton View Post
    If he was on MARS you had your head up URANUS....

    The sub-prime debacle started in the early 90s as Clinton and Liberal Democrats forced lending by regulatory control given to them under CRA and HUD.

    You didnt mention the NY Times article in 2003 that showed Bush trying to reign in the GSEs but unsuccessfully with a Democrat Congress.

    I swear to be a liberal you have to be purposely ignorant and corrupt.

    The housing bubble was mandated by the Democrats.

    And bought and paid for by the GOP and GW Bush. You are so deluded that you think the Dems had control of Congress in 2003? You need serious help. Republicans had full control of Congress AND the Whitehouse during the entire subprime housing bubble, how else would the banks have gotten away with it? Congressional Republicans wrote the bills that enabled the scam and GW Bush kickstarted the bubble with his $440 BILLION "investment" in the banks subprime garbage. Fannie and Freddie were just another investor for the banks to swindle. GW Bush himself turned bankers shill and boasted that he got Fannie to commit to 440 Billion $ to buy the new subprimes in his 2002 "Minority Housing Initiative Program." He even evoked 911 and promised that the plan would "turn incredible evil into incredible good," I swear, I'm not making that up. Heres the bit about Fannie in 2002

    And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.

    HUD Archives: President George W. Bush Speaks to HUD Employees on National Homeownership Month (6/18/02)
    Can you believe he actually said "It's in their charter, it NOW needs to be implemented"? If you know why?, it all will make sense. Anyway there's plenty more, but I fear your brain might explode.
    Last edited by iguanaman; 01-05-13 at 07:27 PM.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Bronson View Post
    It wasn't "800K jobs per month". Stop pushing lies.

    With all recessions there is an initial high loss of jobs as toxic investments are flushed out of the market and corrections are made. There wasn't 800K lost month after month after month. Stop lying.
    There were two months that had over 800K jobs lost when Bush was president. (Nov 2008 and Jan 2009) From BLS:

    Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
    1-Month Net Change
    Series Id: CES0000000001
    Seasonally Adjusted
    Super Sector: Total nonfarm
    Industry: Total nonfarm
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Years: 2001 to 2012

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
    2001 -15 63 -28 -282 -44 -128 -125 -155 -243 -331 -295 -178 -1761
    2002 -129 -146 -24 -84 -9 47 -100 -11 -55 121 8 -163 -545
    2003 95 -159 -213 -49 -9 0 25 -45 109 197 14 119 84
    2004 162 44 337 249 310 81 46 122 161 348 63 134 2057
    2005 137 240 141 360 170 243 374 193 66 80 334 160 2498
    2006 283 316 283 181 14 76 209 183 157 -9 204 171 2068
    2007 236 93 190 72 139 75 -40 -18 73 79 112 89 1100
    2008 41 -84 -95 -208 -190 -198 -210 -274 -432 -489 -803 -661 -3603
    2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171 -5060
    2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120 1027
    2011 110 220 246 251 54 84 96 85 202 112 157 223 1840
    2012 275 259 143 68 87 45 181 192 132 137 161 155 1835


    Bureau of Labor Statistics Data


  8. #188
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    Credit began to constrict.
    And that just came out of the sky one day?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    And that just came out of the sky one day?
    If you have a point, then make it. These lame responses in the form of questions are getting you nowhere.
    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

  10. #190
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    If you have a point, then make it. These lame responses in the form of questions are getting you nowhere.
    I'm pointing out your lack of an adequate explanation.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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