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

  1. #191
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Here Pete, maybe you missed this:

    ep_ratio4.jpg

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

    Quote Originally Posted by phattonez View Post
    I'm pointing out your lack of an adequate explanation.
    I was not aware this discussion required a recreation of the global financial crisis. It is obvious (given the nature of your response) that you have no intention of having constructive dialog.
    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=iguanaman;1061323623]



    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.
    What Congressional Republicans ? In a Democrat Congress ?

    You've proven nothing except how pathetic and desperate the Democrat agenda has become.

    What sort of loser organisation blames Everything on the prior president 4 years into their disaster ?

    If you think convincing fools and idiots is a winning strategy then good luck with that.

    Those who know better realize that tje sub-prime debacle was mandated by Democrats and then blamed on banks and it STARTED 10 years prior to GW Bush's inaugeration.

    You libs are such hypocrites.
    Last edited by Fenton; 01-05-13 at 10:53 PM.

  4. #194
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    re: Job growth cools slightly, recovery grinds on [W:225]

    [QUOTE=Fenton;1061324153]
    Quote Originally Posted by iguanaman View Post

    What Congressional Republicans ? In a Democrat Congress ?

    You've proven nothing except how pathetic and desperate the Democrat agenda has become.

    What sort of loser organisation blames Everything on the prior president 4 years into their disaster ?

    If you think convincing fools and idiots is a winning strategy then good luck with that.

    Those who know better realize that tje sub-prime debacle was mandated by Democrats and then blamed on banks and it STARTED 10 years prior to GW Bush's inaugeration.

    You libs are such hypocrites.
    You are the one blaming Clinton for somethng that happeened entirely on GW Bush's and a GOP Congressional majority's watch.
    GW Bush sold Fannie Mae $440 Billion of the banks subprime garbage and you blame the Democrats? Too funny.
    No Democrat could have pulled that off and you know it..
    Last edited by iguanaman; 01-05-13 at 11:51 PM.

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

    Quote Originally Posted by Grim17 View Post
    Here Pete, maybe you missed this:

    ep_ratio4.jpg
    And you missed this.

  6. #196
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    I figured you would say retirees.



    More kids are going to college than ever before.
    Ok, I looked at Table A-16 of Employment and Earnings.
    20-24 year olds not enrolled in school actually have a UE rate of 14.8%

    Now, the breakdown of education isn't available for that particular age group, but looking at 16-24 year olds, we see that for those not in school but have no HS diploma, the UE rate is 31.2%. For HS grads, it's 18.7%, for some college/associate's degree, it's 11.6% and for Bachelor's or higher it's 8.2%.

    That all fits in with my hypothesis of lack of education and lack of experience as the main reason for high unemployment for 20-24 year olds.

    As for the original question, I'm having computer problems that won't let me access the BLS database for most historical data so I can't judge the past trends right now.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

  7. #197
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Democrats + CRA = 100% responsible

    It's beyond refute. The CRA was the root cause of the problem that created a market that never would have existed otherwise.

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

    Quote Originally Posted by iguanaman View Post
    And you missed this.
    GDP growth last quarter was 1.3%

    You're going to compare that as a success to the pathetic economy of the EU?

    Laughable

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

    Quote Originally Posted by Bronson View Post
    Democrats + CRA = 100% responsible

    It's beyond refute. The CRA was the root cause of the problem that created a market that never would have existed otherwise.
    You display your lack of knowledge on your sleeve. CRA loans were less likely to default than non-CRA loans of similar risk. Try again.
    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 Kushinator View Post
    You display your lack of knowledge on your sleeve. CRA loans were less likely to default than non-CRA loans of similar risk. Try again.
    Nope

    The GSEs bought up most of the bad loans and convinced investors any losses would covered by the Feds. You are bleeting a debunked talking point. A recent economic report has confirmed beyond all refute that the CRA was the root cause of the crisis.

    http://news.investors.com/ibd-editorials-perspective/122012-637924-faults-community-reinvestment-act-cra-mortgage-defaults.htm?p=full

    Facts > your propaganda
    Last edited by Bronson; 01-06-13 at 08:31 PM.

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