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

  1. #241
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by a351 View Post
    I'm curious, are you really proposing that job creation was indeed stagnant under Carter?
    It's a fact....

    The term "stagflation" -- an economic condition of both continuing inflation and stagnant business activity, together with an increasing unemployment rate -- described the new economic malaise. Inflation seemed to feed on itself. People began to expect continuous increases in the price of goods, so they bought more. This increased demand pushed up prices, leading to demands for higher wages, which pushed prices higher still in a continuing upward spiral. Labor contracts increasingly came to include automatic cost-of-living clauses, and the government began to peg some payments, such as those for Social Security, to the Consumer Price Index, the best-known gauge of inflation. While these practices helped workers and retirees cope with inflation, they perpetuated inflation. The government's ever-rising need for funds swelled the budget deficit and led to greater government borrowing, which in turn pushed up interest rates and increased costs for businesses and consumers even further. With energy costs and interest rates high, business investment languished and unemployment rose to uncomfortable levels.
    In desperation, President Jimmy Carter (1977-1981) tried to combat economic weakness and unemployment by increasing government spending, and he established voluntary wage and price guidelines to control inflation. Both were largely unsuccessful. A perhaps more successful but less dramatic attack on inflation involved the "deregulation" of numerous industries, including airlines, trucking, and railroads. These industries had been tightly regulated, with government controlling routes and fares. Support for deregulation continued beyond the Carter administration. In the 1980s, the government relaxed controls on bank interest rates and long-distance telephone service, and in the 1990s it moved to ease regulation of local telephone service.

    Stagflation in the 1970s
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  2. #242
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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
    One does not "acquire" disposable income. It is the portion of ones gross income that can be allocated towards consumption or savings. Perhaps you meant, "how does disposable income grow"?
    No, I meant what I asked. All income is allocated either to consumption or savings...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

  3. #243
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    I don't want to retract anything. We have more energy resources in this country than anywhere else on earth between oil and NG, not to mention what we could do with nuclear for electricity. Do you not want to take advantage of that to employ people in this country?
    To a degree. The term peak demand has emerged for a reason: we use less energy year over year since the mid 2000's. Have you considered the opportunity costs of boosting resource extraction?
    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

  4. #244
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    I think most of it has to do with the government supplementing income for folks who don't want to work.

    Quote Originally Posted by Fisher View Post
    I think it where the zero interest money is heading. Jobs in the past have been lost overseas, but the reason we are having a jobless recovery is due to investments in technology from what what I have heard a few guests on less partisan shows say.

  5. #245
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Fisher View Post
    Perhaps but if you instill a self-reliance mentality in people they will be better decision makers even if they do not end up self-employed IMHO. We are producing cattle.
    Agreed for many...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

  6. #246
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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
    The luddite fallacy continues!!!!
    Lots of computer chip manufacturing in the US is there?

    Why Most U.S. Manufacturing Jobs Are Gone Forever

    There is no

  7. #247
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    No, I meant what I asked. All income is allocated either to consumption or savings...
    No, all disposable income is allocated towards consumption or savings. It is all about jobs! The private sector is simply not up to the task at the moment, which is why it is imparative that the public sector continues to help alleviate the output gap, i.e. potential vs actual output.
    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

  8. #248
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by mtm1963 View Post
    the usual bad news when it comes to jobs.

    the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.

    And it will likely lead to a structural problem. The sequester hurts. Effects employment. So, this is not unexpected

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by JC Callender View Post
    I think most of it has to do with the government supplementing income for folks who don't want to work.
    For some. For other not so much. Having the lowest labor participation rate since 1979 is certainly not a sign of a healthy economy.

  10. #250
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by JC Callender View Post
    I think most of it has to do with the government supplementing income for folks who don't want to work.
    I think that's nonsense.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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