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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
    Prove it, that is a lie. BEA.gov will give you the answer as will the U.S. Treasury website
    The OMB has the tax revenue statistics:

    http://www.whitehouse.gov/sites/defa...s/hist02z1.xls

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

    Quote Originally Posted by donsutherland1 View Post
    Until aggregate demand is expanding robustly leading to substantial sales growth, businesses will not expand aggressively. With the slower growth, a greater share of the focus remains on increasing productivity and effiency rather than taking on new employees/building new factories, etc. New employees, new factories, new equipment all entail significant new financial commitments. Right now, in many parts of the economy, aggregate demand is not expanding at a rate where companies need to increase their productive capacity.
    How does one achieve record profits with poor demand?

    Outside of a major supply shortage, which is not the case, demand must be higher than it has ever been.

    Otherwise, who is buying the things that give corporations these record profits?

    The cost-benefit of increasing output through expansion is swamped by the regulatory burden imposed by Dodd-Frank and Obamacare.

    Simply throwing money into the economy via stimulus does not address the mechanisms stifling corporate growth.

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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
    Prove it, that is a lie. BEA.gov will give you the answer as will the U.S. Treasury website
    Yeah... I laid out my proof on post #339 and you ignored it with a bullcrap rant. If you want to disprove it with a link showing otherwise... be my guest. And please, don't go back to your usual self by linking to a gov website homepage then running away.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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

    Quote Originally Posted by Bonzai View Post
    I would counter that the entire Conservative mindset is sinking America: The Conservative American ideal of making just enough to be able to shop at Walmart is NOT the American dream most of this country used to believe in............................
    Wrong, read your history books, this country was built on self reliance and individual responsibility not the entitlement mentality created by those who spend in the name of compassion but only generate compassionate results for themselves.

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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
    Revenue may be lower but it has more to do with 22 plus million unemployed/under employed/discouraged workers paying very little in taxes due to poor economic policies. You have two choices and not surprising you take the one with higher taxes. I prefer the one with lower taxes and more economic activity.
    WTF are you talking about? I never made any mention of higher taxes, that is some fantasy you just created. My point continues to be, tax rates are near their lowest levels since WWII. This is simply a matter of fact.
    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. #366
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by StringBean View Post
    How does one achieve record profits with poor demand?

    Outside of a major supply shortage, which is not the case, demand must be higher than it has ever been.

    Otherwise, who is buying the things that give corporations these record profits?

    The cost-benefit of increasing output through expansion is swamped by the regulatory burden imposed by Dodd-Frank and Obamacare.

    Simply throwing money into the economy via stimulus does not address the mechanisms stifling corporate growth.
    Aggregate demand has been growing but not rapidly. Productivity has been growing faster. When firms' expenses rise more slowly than their sales increase or, as is the case in some industries, expenses fall while sales rise, profit margins increase. Profits = Sales - Expenses. One can increase profits even while reducing sales, if one cuts expenses by more than sales are falling.

    I made no claims of any kind with respect to the nation's regulatory burden, the Affordable Care Act, etc. Fiscal stimulus provides a short-term boost to aggregate demand. The headwinds damping growth in aggregate demand are not solely matters of public policy. For example, deleveraging following the housing bust played an important role. The economic difficulties in Europe have reduced export growth. Structural factors e.g., related to industry evolution/shifting competitivness, etc., are also involved.

    Once demand increases to a point where firms can't keep up with their current factories and manpower, then they'll expand. Right now, in many industries, there remains considerable slack. The capacity utilization data (Industrial Production and Capacity Utilization) shows considerable slack.

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

    Quote Originally Posted by poweRob View Post
    Yeah... I laid out my proof on post #339 and you ignored it with a bullcrap rant. If you want to disprove it with a link showing otherwise... be my guest. And please, don't go back to your usual self by linking to a gov website homepage then running away.
    Your so called proof is wrong because it ignores the economic conditions of the time and fails to explain how a three year tax cut of 10-10-5 can generate increased revenue. Like all liberals you don't seem to understand that unemployed people don't pay a lot in taxes and the answer is to put these people back to work, Reagan put 18 million of them back to work and actually doubled GDP. What you seem to ignore is that not only did those working people pay taxes but business tax revenue increased as well due to booming business. The multiplier effect is a foreign concept to people like you.

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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
    WTF are you talking about? I never made any mention of higher taxes, that is some fantasy you just created. My point continues to be, tax rates are near their lowest levels since WWII. This is simply a matter of fact.
    So what? Why do tax rates concern you so much and not tax revenue? You seem to have no problem with a 3.6 trillion dollar federal govt creating a trillion dollar a year deficit. The liberal answer is to raise taxes 80 billion a year and ignore the 22 plus million unemployed/under employed/discouraged workers paying very little if any

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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 so called proof is wrong because it ignores the economic conditions of the time and fails to explain how a three year tax cut of 10-10-5 can generate increased revenue. Like all liberals you don't seem to understand that unemployed people don't pay a lot in taxes and the answer is to put these people back to work, Reagan put 18 million of them back to work and actually doubled GDP. What you seem to ignore is that not only did those working people pay taxes but business tax revenue increased as well due to booming business. The multiplier effect is a foreign concept to people like you.
    Blah blah blah liberals bad blah blah blah... I'll take your choosing to not prove anything you said as a dodge.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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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
    So what? Why do tax rates concern you so much and not tax revenue?
    Tax revenue is a function of tax rates.

    The liberal answer is to raise taxes 80 billion a year and ignore the 22 plus million unemployed/under employed/discouraged workers paying very little if any
    Why are you responding to my post with this comment. I never mentioned tax increases, the deficit, discouraged workers, or anything of that nature. Tax rates are at the lowest levels since the end of WWII (much lower than during the Reagan administration) and yet labor market growth is meager at best.
    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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