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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Guess I should thank God for not losing all my wealth. My concern is your economic ignorance, not my partisanship. I learned personal responsiblity a long time ago and don't blame someone else when I make bad choices.
    What you do is to ignore the loss and blame individuals for getting caught out in a bubble. You still refuse to accept the bubbles' aftermath, the massive loss of wealth extended into income losses, further compounding the effects of wealth loss.

    Stop defending the bubble.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Kushinator View Post
    Who cares if it was a good climb for a short period? It was nearly wiped out by 2009! As stated, nothing like this has happened since the Great Depression. There are no positives!
    Patience isnt a strong suit for many and those that hung on did quite well but the instant gratification crowd doesn't understand that. The problem was we had zero leadership from 2009 to the present which has made things worse. Bush was a lame duck but did implement TARP which some economists claim saved the economy. I didn't support TARP because I believe you don't reward bad behavior and it was bad behavior that caused the recession of 2007-09

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    You are not the whole, that is the point. Your attitude is that since it did not effect me, it has not effected anyone else. This is blindness to reality mixed with a total void of empathy.
    I asked you but you never answered as to how the recession affected you. My bet is very little and there were millions just like US which is why the 81-82 recession was worse, it affected more people. The loss of wealth wasn't as great because there wasn't that much to lose but it was also good leadership that prevented that from happening. We have zero leadership right now and you continue to support that.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    What you do is to ignore the loss and blame individuals for getting caught out in a bubble. You still refuse to accept the bubbles' aftermath, the massive loss of wealth extended into income losses, further compounding the effects of wealth loss.

    Stop defending the bubble.
    I blame individuals for making bad choices and then expecting someone else to bail them out.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Your opinion noted, my wealth declined on paper but since I didn't sell any assets how did that hurt me and yes it is about the individual, individuals make up the whole.
    No opinion involved, it was simply a factual statement you fail to understand in its entirety.

    What inflation? we have record low interest rates showing zero inflation and that is going to happen when you economic policies that discourage economic growth.
    This inflation:


    Your lack of knowledge regarding inflation rate is noted.

    Again, I already told you how much wealth I lost, how much did you lose?
    This discussion is not about individuals. Red herrings have no place in this discussion.

    Only if you believe there is no such thing as personal responsibility for buying a house and signing for a variable interest rate that they knew they couldn't afford is no fault of the individual
    You are ignoring personal responsibility! Not everyone in the country bought a home they could not afford! In fact, only a very small subset of people were able to bring the entire system to its knees, which is my point! Why do you support the type of system of which very few can negatively impact so many?

    Exactly as the European people have become dependent on the govt. due to their cradle to grave mentality and lack of personal responsiblity. The govt has run out of money to fund those programs and the European people are having a real problem due to the drop in govt. spending. Socialism always fails when it runs out of other peoples' money to spend.
    Actually, the socialist leaning countries (Norway, Sweden, Denmark, etc...) are doing just fine! You mean the nations that followed neo-liberal economic policy (the U.S., the E.U., Japan, etc....) that are having a tough time. source
    Just so we are clear, liberalism ≠ socialism.
    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: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    I didn't support TARP because I believe you don't reward bad behavior and it was bad behavior that caused the recession of 2007-09
    BS, you have gone back and forth on that.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Kushinator View Post
    No opinion involved, it was simply a factual statement you fail to understand in its entirety.



    This inflation:


    Your lack of knowledge regarding inflation rate is noted.



    This discussion is not about individuals. Red herrings have no place in this discussion.



    You are ignoring personal responsibility! Not everyone in the country bought a home they could not afford! In fact, only a very small subset of people were able to bring the entire system to its knees, which is my point! Why do you support the type of system of which very few can negatively impact so many?



    Actually, the socialist leaning countries (Norway, Sweden, Denmark, etc...) are doing just fine! You mean the nations that followed neo-liberal economic policy (the U.S., the E.U., Japan, etc....) that are having a tough time. source
    Just so we are clear, liberalism ≠ socialism.
    Just to be clear, personal responsibility or lack of it still is the issue that led to the 2007-09 recession and the reality is millions of people weren't hurt by that recession whether or not you buy it or not.

    The "too big to fail" mentality IMO was overstated. I would have let the banks fail, period, just like I would have let GM/Chrysler go bankrupt as all we did was reward bad behavior and nothing really has changed.

    You give Norway, Sweden, and Denmark too much credit, all small countries where govt. spending is still the largest number in their GDP. Europe has a problem with govt. spending and if you were truly honest you would recognize Govt. spending as the single biggest component of GDP. We are becoming Europe rapidly as Govt. spending in this country has risen rapidly over the past few years. More and more people are dependent on taxpayer assistance and that is causing the debt service increases we have today. Rising interest rates are going to destroy our economy

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    BS, you have gone back and forth on that.
    Wrong, I have never supported TARP but have stated I understand why many do. You never reward bad behavior in a private sector economy. We are facing the results today of those rewards.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Patience isnt a strong suit for many and those that hung on did quite well but the instant gratification crowd doesn't understand that.
    Recovering 90% of real wealth after 5 years is "doing quite well"?

    The problem was we had zero leadership from 2009 to the present which has made things worse.
    Things are better, not worse!

    Bush was a lame duck but did implement TARP which some economists claim saved the economy. I didn't support TARP because I believe you don't reward bad behavior and it was bad behavior that caused the recession of 2007-09
    Bank capitalization was critical in reinstilling confidence in our financial system. The problem is, economic downturns that are caused by a once in a millennium financial crisis take a great deal of time to overcome. You preach patience yet display an epic amount of short-sightedness.
    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: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    I asked you but you never answered as to how the recession affected you. My bet is very little and there were millions just like US which is why the 81-82 recession was worse, it affected more people. The loss of wealth wasn't as great because there wasn't that much to lose but it was also good leadership that prevented that from happening. We have zero leadership right now and you continue to support that.
    I am not going to get into AGAIN stating what we lost, not that you would remember anyway because you don't (there is that empathy void). You just cannot help to deny the damage by trying once again in bringing up 81, we did not see anywhere near the loss of household wealth because that was not a wealth bubble, it was an inflation bubble. We did not realize a loss of wealth, we realized a drop in inflation. Apples and oranges.

    You more than likely had your house paid off since you were at or near retirement (see, I remember), but for those who had major declines in income, it was not a matter of ARM's, it was more a matter of eating or paying the mortgage on a debt whose value was underwater.
    Last edited by Gimmesometruth; 04-16-13 at 12:32 PM.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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