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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
    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.
    BS, you realized that if we let the banks collapse, we would have had a worse recovery.

    If you keep on playing this, I swear I'll play the way back machine.
    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%

    Kushinator;1061697927]Recovering 90% of real wealth after 5 years is "doing quite well"?
    If you haven't lost any wealth what is their to recover?



    Things are better, not worse!
    Really? 6 trillion added to the debt, 21 million unemployed/under employed/discouraged workers, record numbers on poverty, record numbers on food stamps, over 100 million excluding Medicare and SS, on some form of govt. assistance, .4% GDP growth, 143 million working Americans vs 146 million in December 2007, 155 million labor force vs. 153.9 in December 2007 is an improvement?



    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.

    I recognize that you have never blamed Bush solely for the recession and commend you for that. The problem was we rewarded bad behavior and that behavior hasn't changed. We continue to reward bad behavior with individuals as well giving them assistance for extended periods of time reducing the incentive to go back to work. This country has a 17 trillion dollar debt today, more than our annual GDP and that makes things worse than they were when the recession began

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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 realized that if we let the banks collapse, we would have had a worse recovery.

    If you keep on playing this, I swear I'll play the way back machine.
    No, Just like with the auto industry there were auto companies in no trouble at all and in no need of taxpayer assistance that was the case with banks. They were forced to take TARP money even though they didn't want it. Sometimes it takes tough love to make things better and when you have a debt this time and a growing entitlement society that time was then. It may be too late now.

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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
    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.
    Personal responsibility has absolutely nothing to do with a few people bringing down the U.S. (and global) economy.

    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 wear your lack of understanding of financial crisis on your sleeve. Letting banks fail leads to an unprecedented level of tax payer liability. The FDIC is backed by the full faith and credit of the U.S. government. Had these banks failed, it would have cost taxpayers trillions upon trillions of dollars.

    Now, Detroit has now eclipsed 2007 auto sales! American auto manufactures are leaner, stronger, and more efficient than ever.

    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
    Empty talking points will not help you! Socialist nations have not witnessed the economic volatility of those that followed neo-liberal policy. This is simply a fact!

    Debt service levels are lower than any other post WWII period.
    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
    If you haven't lost any wealth what is their to recover?
    This is either a lie, or you don't know what you are talking about. The reality:



    Really? 6 trillion added to the debt, 21 million unemployed/under employed/discouraged workers, record numbers on poverty, record numbers on food stamps, over 100 million excluding Medicare and SS, on some form of govt. assistance, .4% GDP growth, 143 million working Americans vs 146 million in December 2007, 155 million labor force vs. 153.9 in December 2007 is an improvement?
    It is an improvement from the depths of early 2009, when the economy was shedding jobs in the tune of 600,000+ month over month, trillions of dollars in wealth lost daily, and unprecdented levels of various aid to ensure the private sector did not collapse. So yes, things are better. Are we at pre-recession levels? Nope! But the recovery from a once in a millennium financial crisis require patience. It will not happen over night. It took 5 years to regain 50% of the real wealth lost.

    The problem was we rewarded bad behavior and that behavior hasn't changed. We continue to reward bad behavior with individuals as well giving them assistance for extended periods of time reducing the incentive to go back to work. This country has a 17 trillion dollar debt today, more than our annual GDP and that makes things worse than they were when the recession began
    Debt levels of the federal government are not a metric for overall economic health. If we were to employ that same logic, things have been worse off every single year since the late 1960's, when real per capita output was half of what it is today.
    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
    Wrong, I have never supported TARP ......
    Quote Originally Posted by Gimmesometruth View Post
    BS, you realized that if we let the banks collapse, we would have had a worse recovery.

    If you keep on playing this, I swear I'll play the way back machine.
    Quote Originally Posted by Conservative View Post
    No....
    Cough.....you did support TARP.....cough

    Quote Originally Posted by winston53660 View Post
    I supported Bush's TARP program and I still support saving the capital markets even though it is a bitter pill.
    Quote Originally Posted by Conservative View Post
    As did I at the time and apparently it worked. The stimulus plan on the other hand hasn't.....
    PS.....you skipped over 1440.
    Last edited by Gimmesometruth; 04-16-13 at 12:56 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.

  7. #1447
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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
    Personal responsibility has absolutely nothing to do with a few people bringing down the U.S. (and global) economy.



    You wear your lack of understanding of financial crisis on your sleeve. Letting banks fail leads to an unprecedented level of tax payer liability. The FDIC is backed by the full faith and credit of the U.S. government. Had these banks failed, it would have cost taxpayers trillions upon trillions of dollars.

    Now, Detroit has now eclipsed 2007 auto sales! American auto manufactures are leaner, stronger, and more efficient than ever.



    Empty talking points will not help you! Socialist nations have not witnessed the economic volatility of those that followed neo-liberal policy. This is simply a fact!

    Debt service levels are lower than any other post WWII period.
    I only hope someday I can be half as smart as you THINK you are. I have a better understanding of the private sector economy than you will ever have. Debt service levels are lower today only because of record low interest rates not because the debt is improving.

    My lack of understanding is your opinion but my understanding comes from street smarts as well as book smarts unlike many here whose comes from the textbooks. My entire life was spent dealing with people not textbooks. Detroit is being propped up by taxpayer money and incentives to buy autos again funded by the taxpayers.

    GM still owes the taxpayers billions so on the surface things look good but the reality is quite different. You call yourself a libertarian? Libertarians do not support massive govt. spending and govt. spending being a large part of any country's GDP. Your false advertising is quite telling all because you cannot admit that you really are a liberal promoting socialist ideology.

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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
    Cough.....you did support TARP.....cough



    PS.....you skipped over 1440.
    That being the case you would have no problem proving it. I believe in the capitalistic economy this country was built on and in that economy businesses succeed and fail on their own. Businesses that are rewarded for bad behavior have no reason to change, just like people who make bad choices and get bailed out will always make those same choices over and over again.

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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
    This is either a lie, or you don't know what you are talking about. The reality:





    It is an improvement from the depths of early 2009, when the economy was shedding jobs in the tune of 600,000+ month over month, trillions of dollars in wealth lost daily, and unprecdented levels of various aid to ensure the private sector did not collapse. So yes, things are better. Are we at pre-recession levels? Nope! But the recovery from a once in a millennium financial crisis require patience. It will not happen over night. It took 5 years to regain 50% of the real wealth lost.



    Debt levels of the federal government are not a metric for overall economic health. If we were to employ that same logic, things have been worse off every single year since the late 1960's, when real per capita output was half of what it is today.
    What I find quite telling is again how you look at the U-3 number and ignore the U-6 number. The economy still shed more than 600,000 and in fact well over a million in 2010-2011 but those jobs are reflected in the U-6 number not the U-3 number. Liberals love pointing to that job loss but ignore the discouraged, unemployed, and under employed numbers. Bush wasn't in office in 2010-2011 but Obama's economic policies were in place and are in place today, policies that have led to another 500,000 dropping out of the labor force in March after 100,000 more dropped out in February. yes, those people certainly weren't unemployed. were they?

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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
    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.
    Only someone who doesn't understand the true measurement of a recession could make those claims. You, like far too many, look at the textbook definition of a recession and promote that definition but when asked how this recession affected you, you go silent telling the real story. If you were old enough in 81-82 you would understand true pain which always means an inflation "bubble" hurts more people than a "financial" bubble. It does seem that you have an inability to understand personal finances and economics.

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